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Day: March 26, 2024

C3is Inc. reports Revenue of $13.8 million, Net Income of $5.6 million and $0.25 earnings per diluted share for the fourth quarter of 2023, and financial and operating results for the quarter and twelve months ended December 31, 2023

ATHENS, Greece, March 26, 2024 (GLOBE NEWSWIRE) — C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk seaborne transportation services, and from the third quarter of 2023, tanker transportation services, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2023. OPERATIONAL AND FINANCIAL HIGHLIGHTSFollowing the acquisition of the Aframax tanker, Afrapearl II (ex. Stealth Berana), in July 2023 the total fleet capacity increased to 179,800 dwt. Our two handysize dry bulk carriers are currently on short term fixed rate time charters with steady cash flows, while our Aframax tanker operates in the spot market where voyage charter rates for Aframax tankers are in excess of $40,000 per day. Both our handysize dry bulk carriers, and our...

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Trump Media & Technology Group Stock to Begin Trading Under Ticker Symbol DJT

~ Trading Commences Following Successful Closing of Business Combination with DWAC ~ SARASOTA, Fla., March 26, 2024 (GLOBE NEWSWIRE) — Trump Media & Technology Group (“TMTG”), operator of the social media platform Truth Social, announced today that after successfully completing its business combination with blank check company Digital World Acquisition Corp. (NASDAQ: DWAC), trading of TMTG’s common shares will begin on the NASDAQ stock exchange today. At market open, the ticker symbol will switch from “DWAC” to “DJT” for the company’s common shares. For TMTG, the stock ticker symbol “DJT” pays direct homage to the company’s former Chairman and Director, and the 45th President of the United States, Donald J. Trump. We believe that the commencement of trading of DJT on the public markets testifies to Americans’ demands for free-speech...

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Ascot Reports 2023 Annual Results

VANCOUVER, British Columbia, March 26, 2024 (GLOBE NEWSWIRE) — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) announces the Company’s audited consolidated financial results for the year ended December 31, 2023. For details of the audited consolidated financial statements, Management’s Discussion and Analysis, and Annual Information Form for the year ended December 31, 2023, please see the Company’s filings on SEDAR+ at www.sedarplus.ca. All amounts herein are reported in $000s of Canadian dollars (“C$”) unless otherwise specified. 2023 AND RECENT HIGHLIGHTSOn February 20, 2024, the Company closed its previously announced financing package for a total of US$50 million from Sprott Resource Streaming and Royalty Corp. and its affiliates (“Sprott Streaming”) and Nebari Credit Fund II, LP...

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NeoVolta Smart Edge Infrastructure Partner EOS Linx Increased Deployments by 150% in 2023, Plans to More than Double Network in 2024

San Diego-based solar battery storage leader has helped EV infrastructure partner increase its presence at places like medical centers, casinos, and school sites with NV-14 energy storage technology SAN DIEGO, March 26, 2024 (GLOBE NEWSWIRE) — (NASDAQ: NEOV) –  NeoVolta Inc., a San-Diego based leader in Smart Energy Storage Solutions, today announced that its partner, EOS Linx increased its EV deployments by 150% in 2023. “We are pleased to see our partnership with EOS Linx pay dividends as we expected,” said Brent Willson, CEO at NeoVolta Inc. “While the NV-14 is known as providing safe and powerful energy storage for homes, we recognize the need to serve roadside charging networks to match the growing EV-driving audience.” Tennessee-based EOS Linx has been making waves recently thanks to the high deployment rates of its EV charging...

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PharmAla Biotech Signs Sale Agreement with Numinus

LaNeo Product Data submitted for a Clinical Trial in Canada TORONTO, March 26, 2024 (GLOBE NEWSWIRE) — PharmAla Biotech Holdings Inc. (“PharmAla” or the “Company”) (CSE: MDMA, OTC:MDXXF), a biotechnology company focused on the research, development, and manufacturing of LaNeo™ MDMA and novel derivatives of MDMA (MDXX class molecules), is pleased to announce that it had entered into a binding sales agreement with Numinus Wellness Inc. (“Numinus”) (TSX: NUMI, OTCQX: NUMIF) to provide its GMP LaNeo™ MDMA for a prospective clinical trial. “PharmAla wishes Numinus success in their clinical trial application, and looks forward to supporting them in their efforts,” said Nick Kadysh, Founding CEO, PharmAla Biotech. “LaNeo™ is undoubtedly the drug product of choice for MDMA clinical trial practitioners in Canada, and...

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Xos, Inc. Accelerates Growth with Strategic Acquisition of ElectraMeccanica

LOS ANGELES, March 26, 2024 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet electrification services provider, today announced that it has closed its acquisition of ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles. Terms of the acquisition were first announced on January 11, 2024. The all-stock transaction is expected to add approximately $48 million to Xos’ balance sheet and provide growth capital for the company. “The growth capital received in the transaction, combined with our reduction of cash burn, provides an important pathway to profitability as we scale deliveries over the next several quarters,” said Dakota Semler, CEO and Co-Founder of Xos, Inc. “Xos is gross margin positive and has now charted our course to...

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Gain Therapeutics Reports Financial Results for Year End 2023 and Provides Corporate Update

BETHESDA, Md., March 26, 2024 (GLOBE NEWSWIRE) — Gain Therapeutics, Inc. (Nasdaq: GANX) (“Gain”, or the “Company”), a clinical-stage biotechnology company leading the discovery and development of the next generation of allosteric small molecule therapies, today reports financial results for the year ended December 31, 2023 and provides a corporate update. Corporate Highlights from Q4 2023 to DatePresented data at AD/PD 2024 demonstrating mechanism of action of GT-02287, the Company’s lead compound being investigated for the treatment of GBA1 Parkinson’s disease Announced the initiation of the Multiple Ascending Dose (MAD) part of the Phase 1 clinical trial of GT-02287, a novel GCase-targeting small molecule therapy for GBA1 Parkinson’s disease Presented late-breaking data at the WORLDSymposium showing GT-02287 displays neuroprotection...

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Yield10 Bioscience Announces that the Plant Biosafety Office of the Canadian Food Inspection Agency has Cleared Genome-edited E3902 Camelina for Planting in Canada

WOBURN, Mass., March 26, 2024 (GLOBE NEWSWIRE) — Yield10 Bioscience, Inc. (Nasdaq:YTEN) (“Yield10” or the “Company”), an agricultural bioscience company, today reported that the Plant Biosafety Office (“PBO”) of the Canadian Food Inspection Agency (“CFIA”) recently reviewed information on the Company’s E3902 Camelina sativa (“Camelina”) and determined that E3902 is not a Plant with Novel Trait (PNT) and is not subject to a pre-market notification under Part V of the Seeds Regulations. Yield10’s E3902 Camelina combines genome edits in three proprietary genetic traits, C3008a, C3008b and C3009, that result in an increase in oil production by five percent and produce a lighter seed coat color as compared to the parental Camelina line. E3902 Camelina remains subject to other applicable requirements of the Seeds Act and Regulations...

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Surgery Partners, Inc. Announces New Senior Notes Offering

BRENTWOOD, Tenn., March 26, 2024 (GLOBE NEWSWIRE) — Surgery Partners, Inc. (NASDAQ:SGRY) (“Surgery Partners” or the “Company”), a leading short-stay surgical facility owner and operator, announced today that Surgery Center Holdings, Inc., a wholly owned subsidiary of the Company (the “Issuer”), intends to offer, subject to market and other considerations, $600,000,000 aggregate principal amount of senior unsecured notes due 2032 (the “Notes”). The Notes will be guaranteed (the “Guarantees”) on a senior unsecured basis by each domestic wholly-owned subsidiary of the Issuer that guarantees its obligations under its senior secured credit facilities. The terms of the Notes, including interest rate and principal amount, will depend on market conditions at the time of pricing and will be determined by negotiations among Surgery Partners...

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Third Harmonic Bio Announces Fourth Quarter and Full Year 2023 Financial Results

U.S. IND filed for THB335 with anticipated clinical trial start during 2Q’24 Strong financial position with cash and cash equivalents totaling $269.1 million as of December 31, 2023 SAN FRANCISCO, March 26, 2024 (GLOBE NEWSWIRE) — Third Harmonic Bio, Inc. (Nasdaq: THRD), a biopharmaceutical company focused on advancing the next wave of medicine for inflammatory diseases, today reported financial results for the fourth quarter and full year ended December 31, 2023. “Our team’s execution continues to be outstanding, with the filing of our U.S. IND for THB335 ahead of our internal timelines for submission,” said Natalie Holles, Chief Executive Officer of Third Harmonic Bio. “We look forward to the agency’s feedback and the opportunity to initiate clinical studies during the second quarter for this potentially first-in-class oral...

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