Day: February 14, 2024

KGI Securities Receives Membership Approval, Joins Abaxx Exchange as Clearing and Trading Member

Written by Customer Service on February 14, 2024. Posted in Public Companies.

KGI Securities will offer its clients access to Abaxx Exchange’s physically deliverable commodities contracts to facilitate their energy transition needs SINGAPORE, Feb. 14, 2024 (GLOBE NEWSWIRE) — KGI Securities (Singapore) Pte. Ltd. (“KGI Securities”), a wholly-owned subsidiary of KGI Securities Co. Ltd. and China Development Financial Holding Corporation (TPE: 2883) and Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx”), today announced that KGI Securities has become an approved clearing and trading member of Abaxx’s majority-owned Singapore-based exchange (“Abaxx Exchange”) and clearinghouse (“Abaxx Clearing”), facilitating centrally cleared, physically-deliverable futures contracts, and licensed as a Recognised Market Operator (“RMO”) and Approved Clearing House (“ACH”) with the Monetary Authority of Singapore (“MAS”). KGI...

Genius Group launches AI Avatar Tutor Team on GeniusU

Written by Customer Service on February 14, 2024. Posted in Public Companies.

SINGAPORE, Feb. 14, 2024 (GLOBE NEWSWIRE) — Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group, announces today the launch of artificial intelligence (“AI”) Avatar Tutor Teams on its Edtech platform, GeniusU, with the integration of 25 AI-powered Tutors and Tools. This enables each of its 5.4 million students to have their own team of personalized AI tutors and tools to support their studies. The beta version of the AI Avatar Tutor Team was released in November 2023 as Student AI by a startup team led by Genius Group’s Head of Digital Content and Resident AI Mentor, Suraj Naik. Launched as part of GeniusU’s AI Microschools series, in its first three months Student AI attracted over 25,000 students seeking their own team of AI tutors. The project also received...

Cogent Biosciences Announces Oversubscribed $225 Million Private Placement

Written by Customer Service on February 14, 2024. Posted in Public Companies.

Pro-forma cash, cash equivalents and marketable securities expected to fund the Company into 2027 and through clinical readouts from ongoing SUMMIT, PEAK and APEX registration-directed trials Cogent to host investor webcast at 8:00 a.m. ET on February 23 to review the SUMMIT Part 1b data with bezuclastinib at AAAAI annual meeting WALTHAM, Mass. and BOULDER, Colo., Feb. 14, 2024 (GLOBE NEWSWIRE) — Cogent Biosciences, Inc. (Nasdaq: COGT), a biotechnology company focused on developing precision therapies for genetically defined diseases, today announced it has entered into a securities purchase agreement for a private investment in public equity financing that is expected to result in gross proceeds of approximately $225 million to the Company, before deducting placement agent fees and offering expenses. This financing was led by...

Blue Point Brewing Announces Its 4th Annual Shakedown on Main Street Festival Featuring Headliners Shaggy, Bryce Vine, and B.o.B

Written by Customer Service on February 14, 2024. Posted in Public Companies.

Blue Point Celebrates 4/20 Bigger than Ever with 2 Stages of Live Music, Art Installations, Skateboarding Demos, and moreBlue Point Shakedown Main StreetBlue Point Shakedown Main StreetPATCHOGUE, New York, Feb. 14, 2024 (GLOBE NEWSWIRE) — Blue Point Brewing Company, Long Island’s original craft brewery and subsidiary of Tilray Brands, (“Tilray” or the “Company”) (NASDAQ: TLRY and TSX: TLRY), announced today that it will host its 4th annual Shakedown on Main Street arts and music festival on April 20 at its Patchogue, New York brewery. This year’s celebration will be larger than ever and will feature live performances from world-renowned reggae artist Shaggy, acclaimed rappers Bryce Vine and B.o.B., and other musicians. Tickets can be purchased today at the festival website: https://www.bluepointbrewing.com/events/420. Elevating...

Trawick International Acquires Controlling Stake in UK-based Greenlight Insurance

Written by Customer Service on February 14, 2024. Posted in Mergers And Acquisitions.

MIAMI and LONDON, Feb. 14, 2024 (GLOBE NEWSWIRE) — Trawick International Ltd., a London-based subsidiary of Trawick Holdings, LLC, an industry-leading international insurance company, announced it has entered into a sale and purchase agreement with Greenlight Insurance Services Limited, pursuant to which it agreed to acquire a controlling stake in the firm’s issued share capital. Greenlight Insurance, established in 1996 by brothers and vehicle enthusiasts Tony and Neil Fehily, provides cover for high-performance, cherished, collectors, motorsport, and modified vehicles. The company also provides motor insurance cover to expatriates, under their Eaglesure brand. Focusing on these harder-to-place risks, Greenlight provides superior cover, service, and technical knowledge that is hard to replicate in these niche markets. Greenlight...

Martin Marietta Reports Fourth-Quarter and Full-Year 2023 Results

Written by Customer Service on February 14, 2024. Posted in Earnings Releases And Operating Results.

Achieved Full-Year Records for Revenues, Profitability and Safety Performance Full-Year Aggregates Unit Profitability Improved 46.4 Percent Strong Balance Sheet Poised for Continued Strategic Plan Execution RALEIGH, N.C., Feb. 14, 2024 (GLOBE NEWSWIRE) — Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”), a leading national supplier of aggregates and heavy building materials, today reported results for the fourth quarter and year ended December 31, 2023. Fourth-Quarter and Full-Year Highlights (Financial highlights are for continuing operations) Quarter Ended December 31, Year Ended December 31,(dollars in millions, except per share) 2023 2022 % Change 2023 2022 % ChangeTotal revenues 1 $ 1,608.2 $ 1,476.5 8.9 % $ 6,777.2 $ 6,160.7 10.0 %Gross profit $ 483.5 $ 354.2 36.5 % $ 2,022.6 $ 1,423.3 42.1 %Earnings...

Reliance Steel & Aluminum Co. Agrees to Acquire American Alloy Steel, Inc.

Written by Customer Service on February 14, 2024. Posted in Mergers And Acquisitions.

SCOTTSDALE, Ariz., Feb. 14, 2024 (GLOBE NEWSWIRE) — Reliance Steel & Aluminum Co. (NYSE: RS) announced that it has entered into a definitive agreement to acquire all of the outstanding equity interests and related real estate assets of American Alloy Steel, Inc. (“American Alloy”), a leading distributor of specialty carbon and alloy steel plate and round bar, including pressure vessel quality (PVQ) material. Headquartered in Houston, Texas and founded in 1971, American Alloy operates five service centers in the U.S. and a plate fabrication business. In addition, American Alloy has a joint venture in Canada. American Alloy sells to customers located throughout the United States, Canada, and Mexico, as well as certain international markets, supporting military, infrastructure, power generation, utility, refining, petrochemical,...

Crown Crafts Announces Financial Results for Third Quarter Fiscal 2024

Written by Customer Service on February 14, 2024. Posted in Earnings Releases And Operating Results.

GONZALES, La., Feb. 14, 2024 (GLOBE NEWSWIRE) — Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the third quarter fiscal year 2024, which ended December 31, 2023. Third Quarter SummaryNet sales of $23.8 million, an increase of 25.2% from the prior-year quarterGross profit as a percentage of net sales of 27.0%, up from 23.7% in the third quarter of fiscal 2023Net income of $1.7 million, or $0.17 per diluted share, compared to $1.3 million or $0.13 per diluted share in the prior-year quarterDeclared quarterly dividend of $0.08 per share of Series A common stock“Our third quarter fiscal 2024 results reflect the contribution of Manhattan Toy and the steps we have implemented to achieve operating efficiencies and expand our toy offerings and customer base,” said Olivia W. Elliott, President...

Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2023 and an Increase to its Quarterly Dividend

Written by Customer Service on February 14, 2024. Posted in Earnings Releases And Operating Results.

MONACO, Feb. 14, 2024 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) today reported its results for the three months and year ended December 31, 2023. The Company also announced that its board of directors (the “Board of Directors”) has declared a quarterly cash dividend on its common shares of $0.40 per share. Results for the three months ended December 31, 2023 and 2022 For the three months ended December 31, 2023, the Company had net income of $120.9 million, or $2.43 basic and $2.34 diluted earnings per share. For the three months ended December 31, 2023, the Company had adjusted net income (see Non-IFRS Measures section below) of $142.2 million, or $2.85 basic and $2.75 diluted earnings per share, which excludes from net income (i) a $7.3 million,...

Generac Reports Fourth Quarter and Full-Year 2023 Results

Written by Customer Service on February 14, 2024. Posted in Earnings Releases And Operating Results.

Continued strong margin expansion and all-time record free cash flow generation in the fourth quarter; 2024 outlook anticipates a return to net sales growth led by Residential products WAUKESHA, Wis., Feb. 14, 2024 (GLOBE NEWSWIRE) — Generac Holdings Inc. (NYSE: GNRC) (“Generac” or the “Company”), a leading global designer and manufacturer of energy technology solutions and other power products, today reported financial results for its fourth quarter and full-year ended December 31, 2023 and initiated its outlook for the full-year 2024. Fourth Quarter 2023 HighlightsNet sales increased 1% to $1.06 billion during the fourth quarter of 2023 as compared to $1.05 billion in the prior-year fourth quarter. Core sales, which excludes both the impact of acquisitions and foreign currency, were approximately flat from the prior year period.Residential...

Day: February 14, 2024

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