Month: April 2024

APA Corporation Completes Acquisition of Callon Petroleum Company

Written by Customer Service on April 1, 2024. Posted in Mergers And Acquisitions.

HOUSTON, April 01, 2024 (GLOBE NEWSWIRE) — APA Corporation (NASDAQ: APA) announced today that its acquisition of Callon Petroleum Company (NYSE: CPE) has been completed. The transaction was approved by APA and Callon shareholders at special meetings held on March 27, 2024. “We are very pleased to close this transaction as Callon’s assets bring scale to our Delaware position and balance to our overall Permian asset base — all at what we believe is a compelling valuation,” said John J. Christmann IV, APA’s CEO. “We are confident this transaction will create shareholder value, as we expect to drive improved capital productivity and well performance, while realizing significant cost synergies. We look forward to applying our technical expertise and work processes across the Callon acreage to unlock potentially substantial shareholder...

First Busey Corporation Finalizes Acquisition of Merchants and Manufacturers Bank Corporation and Merchants and Manufacturers Bank

Written by Customer Service on April 1, 2024. Posted in Mergers And Acquisitions.

CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., April 01, 2024 (GLOBE NEWSWIRE) — First Busey Corporation (“Busey”) (NASDAQ: BUSE), the holding company for Busey Bank, announced the completion of its acquisition of Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), effective April 1, 2024. The transaction was previously announced on November 27, 2023. At the effective time of the merger, each share of M&M common stock converted to the right to receive, at the election of each shareholder, and subject to proration and adjustment as provided in the merger agreement, (i) $117.74 in cash, (ii) 5.7294 shares of Busey common stock, or (iii) mixed consideration of $34.55 in cash and 4.0481 shares of Busey common stock, with total consideration consisting...

Reading International Reports Fourth Quarter and Full Year 2023 Results

Written by Customer Service on April 1, 2024. Posted in Earnings Releases And Operating Results.

Earnings Call Webcast to Discuss 2023 Fourth Quarter and Full Year Financial Results Scheduled to Post to Corporate Website on Wednesday, April 3, 2024 NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) — Reading International, Inc. (NASDAQ: RDI) (“Reading” or our “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced its results for the fourth quarter and year ended December 31, 2023. Full Year 2023 Summary compared to 2022 Notwithstanding the Writers and Actors strikes (the “2023 Hollywood Strikes”) that effectively shut down Hollywood for months in 2023 and a 525-point spike in interest rates since March 2022, new movie releases are being well received by movie patrons and, generally speaking, things are moving in the right...

Biomea Fusion Reports Fourth Quarter and Full Year 2023 Financial Results and Corporate Highlights

Written by Customer Service on April 1, 2024. Posted in Earnings Releases And Operating Results.

In 2023, reported Phase 2 data (COVALENT-111) in type 2 diabetes patients supporting the disease-modifying potential of BMF-219 to address a root cause of diabetes: a loss of healthy, insulin-producing beta cells.After just a 4-week treatment period in type 2 diabetes patients, who had previously failed standard of care (HbA1c > 7.0% and < 10%), BMF-219 demonstrated continued glycemic control at 26 weeks, or five months, after cessation of dosing. Enrollment underway in COVALENT-111 expansion cohort (n=216) to evaluate dosing duration up to 12 weeks; initial readout after 26 weeks of follow up expected in 2024.In 2023, initiated a Phase 2 study of BMF-219 in type 1 diabetes patients (COVALENT-112); initial readout anticipated in 2024. Biomea aims to deliver short-term, non-chronic treatment that will reconstitute insulin-producing...

Gain Therapeutics Strengthens Management Team and Appoints Jonas Hannestad, M.D., Ph.D. as Chief Medical Officer

Written by Customer Service on April 1, 2024. Posted in Public Companies.

BETHESDA, Md., April 01, 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 allosteric small molecule therapies, today announces the appointment of Jonas Hannestad, M.D., Ph.D. as its chief medical officer, effective as of March 25, 2024. “I am pleased to welcome Jonas to Gain and look forward to his contributions. His extensive development experience and in-depth scientific background in Parkinson’s and other neurodegenerative diseases will be invaluable as we advance our GT-02287 program through the ongoing Phase 1 clinical trial into further clinical development,” commented Gain CEO Matthias Alder. Dr. Hannestad has 25 years of translational and early clinical development experience in CNS....

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

Written by Customer Service on April 1, 2024. Posted in Public Companies.

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...

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

Written by Customer Service on April 1, 2024. Posted in Earnings Releases And Operating Results.

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...

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

Written by Customer Service on April 1, 2024. Posted in Mergers And Acquisitions.

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...

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

Written by Customer Service on April 1, 2024. Posted in Public Companies.

$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,...

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

Written by Customer Service on April 1, 2024. Posted in Public Companies.

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...

Month: April 2024

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