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Day: April 1, 2024

United Lithium Announces Results from the 2024 Annual General and Special Meeting of Shareholders

VANCOUVER, British Columbia, April 01, 2024 (GLOBE NEWSWIRE) — United Lithium Corp. (“United Lithium” or the “Company”) (CSE: ULTH; OTCQX: ULTHF; FWB: 0UL) is pleased to announce the voting results from its annual general and special meeting of shareholders held on March 28, 2024 (the “Meeting”). All directors nominated as listed in the information circular dated February 16, 2024, were elected, as shown in the following table below:Nominee Votes For % Votes For Votes Withheld % Votes WithheldScott Eldridge 5,717,270 99.062% 54,163 0.938%Iain Scarr 5,718,586 99.084% 52,847 0.916%Henrik Lundin 5,718,739 99.087% 52,694 0.913%Robert Schafer 5,718,223 99.078% 53,210 0.922%Michael Kobler 5,719,556 99.101% 51,877 0.899%At the Meeting, the shareholders of the Company also approved:the re-appointment of Dale Matheson...

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Jeffs’ Brands Revenue for 2023 Ramps up to Over $10 Million Boosted by Strategic Acquisition of Fort

Revenue for 2023 increased by 71% compared to the 2022 revenue TEL AVIV, Israel, April 01, 2024 (GLOBE NEWSWIRE) — Jeffs’ Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, reported today its financial results for the year ended December 31, 2023. 2023 Fiscal Year Financial Overview: Revenue Growth: Jeffs’ Brands reported a substantial increase in revenues, achieving $10,008 thousand in 2023, a remarkable growth of 71% from $5,859 thousand in 2022. This growth is largely attributed to the strategic acquisition of Fort Product Ltd. (“Fort”), in March 2023 and an expanded product lineup, particularly in the pest control. Gross Profit: The company realized a gross profit of $976 thousand for the fiscal year 2023, compared to $799 thousand...

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Woodbridge International Closes Sale of ERW, Inc. to Alinabal Group

NEW HAVEN, Conn., April 01, 2024 (GLOBE NEWSWIRE) — Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, ERW, Inc. by Alinabal Group. ERW, Inc. located in Putnam, Connecticut is a trusted provider of sheet metal fabrication and machined products since 1985. Known for its quality, innovation, and service excellence, ERW is a long-time partner to the aerospace industry for both commercial and military applications, and also serves the medical device industry. General Manager of ERW, Andrew Whittenburg expressed enthusiasm for the company’s future. “Today marks an exciting beginning for ERW as we join Alinabal Group. Our companies share proud histories of customer service, quality and innovation. Together, we are committed to bringing more value to our customers as...

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Financial Institutions, Inc. Announces Sale of the Assets of SDN Insurance Agency to NFP

$27.0 million all cash transaction, representing ~4.0x 2023 insurance income, supports Financial Institutions, Inc.’s earnings and capital position and allows for reinvestment to support its core banking franchise Transaction eliminates $11.3 million of goodwill and other intangible assets and has 43 basis point positive impact on pro forma year-end 2023 common equity tier 1 capital ratioWARSAW, N.Y., April 01, 2024 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ: FISI) (the “Company,” “we” or “us”), a diversified financial services company and parent company of Five Star Bank (the “Bank”) and Courier Capital, LLC (“Courier Capital”), today announced and closed the sale of the assets of its wholly-owned subsidiary SDN Insurance Agency, LLC (“SDN”) to NFP Property & Casualty Services,...

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Syntec Optics (Nasdaq: OPTX) Secures New Optics Order for Defense Head-Up Microdisplays

Enabling cutting-edge visualization systems ROCHESTER, NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) — Syntec Optics (Nasdaq: OPTX), a mission-critical supplier of scientific and technical instruments and defense and aerospace optics to OEMs, today announced orders for a new high-resolution, wide-field-of-view, innovative freeform prism subsystem that makes up high-brightness and high-contrast defense microdisplays used for viewing vital information. These new orders add to orders received for other versions of microdisplay optics already in production. Delivery is scheduled for 2024. Syntec Optics has been contributing since the initial development and early production orders of such mission-critical lightweight freeform prism sub-systems used in visualization systems that began over a decade ago for aviation pilots. “I am excited...

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UpHealth Holdings Takes Steps to Enforce the International Court of Arbitration’s Final Award to UpHealth Holdings of more than $110 Million in Damages in Breach of Contract Lawsuit Involving the 2020 Purchase by UpHealth of Glocal Healthcare Systems

DELRAY BEACH, Fla., April 01, 2024 (GLOBE NEWSWIRE) — UpHealth, Inc. (“UpHealth”) (OTC: UPHL), a leading provider of a full continuum of behavioral health solutions through the utilization of evidence-based treatments and services, today provided an update on the efforts of UpHealth Holdings, Inc. (“Holdings”), a wholly-owned direct subsidiary of UpHealth, to enforce the International Court of Arbitration of the International Chamber of Commerce (the “ICA”)’s Final Award to Holdings and against Glocal Healthcare Systems (“Glocal”) and several of Glocal’s officers and shareholders (together with Glocal, the “Respondents”). Holdings, pursuant to a Share Purchase Agreement dated October 30, 2020, acquired a supermajority of the shares of Glocal in a series of transactions from November 20, 2020 to August 27, 2021 and, as the Tribunal...

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AdTheorent Holding Company, Inc. Enters into Agreement to be Acquired by Cadent, LLC for Approximately $324 Million Representing $3.21 Per Share

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) — AdTheorent Holding Company, Inc. (“AdTheorent” or the “Company”) (Nasdaq: ADTH), a machine learning pioneer delivering measurable value for programmatic advertisers, and Cadent, LLC (“Cadent”), a leading provider of platform-based converged TV advertising solutions and a portfolio company of Novacap, one of North America’s established private equity firms, today announced that they have entered into a definitive agreement under which a wholly owned subsidiary of Cadent will acquire the Company in an all-cash transaction. Upon closing of the transaction, AdTheorent will become a privately held company. Under the terms of the definitive merger agreement, which has been unanimously approved by AdTheorent’s Board of Directors (the “Board”), the Company’s common stockholders will receive cash...

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Else Nutrition Reports 2023 Financial Results and Provides Business Update

Achieves 38% Sequential Increase in Revenue for Q4 2023 Compared to Q3 2023 Revenue Increases 10% in 2023 compared to 2022 Conference Call to be Held Today at 10:30 AM Eastern Time VANCOUVER, British Columbia, April 01, 2024 (GLOBE NEWSWIRE) — ELSE NUTRITION HOLDINGS INC. (BABY) (BABYF) (0YL.F) (“Else” or the “Company”), today reported financial results for the fourth quarter and year ended December 31, 2023. The financial statements and MD&A are available on SEDAR under the Company’s profile. “We made tremendous progress in 2023, resulting in increased revenue, an expanded retail footprint, and new product launches,” commented, Hamutal Yitzhak, CEO of Else Nutrition. “Notably, our revenue increased 38% sequentially in the fourth quarter of 2023, compared to the third quarter of 2023. Moreover, revenue...

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Virco Issues Updated Investor Presentation

TORRANCE, Calif., April 01, 2024 (GLOBE NEWSWIRE) —  Virco Mfg. Corporation (NASDAQ: VIRC) (the “Company”), the nation’s largest manufacturer and supplier of educational furniture and equipment, today issued an update of its investor presentation, highlighting the Company’s strong recovery following pandemic-related school closures. The investor update is available on the Company’s website at www.virco.com. The investor presentation includes preliminary, unaudited financial results for the Company’s Fiscal Year Ended January 31, 2024. Included in these figures is Management’s preferred forward-looking indicator of business velocity: “Shipments plus Backlog,” a non-GAAP measure of actual year-to-date shipments plus the unshipped backlog of orders for the upcoming delivery season. As of January 31, 2024, the Company’s fiscal year...

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Antelope Enterprise Announces Preliminary Full Year 2023 Revenue of $70.4 Million, a Projected 65% Year-Over-Year Increase

CHENGDU, China, April 01, 2024 (GLOBE NEWSWIRE) — Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) (“Antelope Enterprise” or the “Company”), which operates KylinCloud, a livestreaming ecommerce business in China with access to 800,000+ hosts and influencers, today pre-announced unaudited revenue of $70.4 million for its fiscal year ended December 31, 2023. This represents revenue growth of 65.3% compared to $42.6 million in revenue recorded for the full fiscal year of 2022. It also presents growth of 73.0% as compared to $40.7 million in revenue generated from the Company’s livestreaming ecommerce business, which represented 84.5% of total revenue generated in fiscal year 2022. Antelope Enterprise’s projected revenue for its full fiscal year 2023 exceeds the Company’s full-year guidance of $64...

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