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Day: May 19, 2024

Qifu Technology Announces First Quarter 2024 Unaudited Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

SHANGHAI, China, May 19, 2024 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Business Highlights As of March 31, 2024, our platform has connected 159 financial institutional partners and 241.4 million consumers*1 with potential credit needs, cumulatively, an increase of 12.5% from 214.5 million a year ago. Cumulative users with approved credit lines*2 were 52.3 million as of March 31, 2024, an increase of 13.8% from 46.0 million as of March 31, 2023. Cumulative borrowers with successful drawdown, including repeat borrowers were 31.2 million as of March 31, 2024, an increase of 12.6% from 27.7 million as of March 31, 2023. In...

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Music Licensing, Inc. (OTC: SONG) (OTC: SONGD) Announces Implementation of 1-for-500,000 Reverse Stock Split and Reduction of Outstanding Common Shares

Written by Customer Service on . Posted in Public Companies.

 Naples, FL, May 19, 2024 (GLOBE NEWSWIRE) —  Music Licensing, Inc. (OTC: SONGD) today announces a significant milestone in its corporate restructuring, as the company prepares to execute a 1-for-500,000 reverse stock split effective May 20, 2024. This strategic move is aimed at optimizing shareholder value and enhancing the company’s financial position. Following the reverse stock split, Music Licensing, Inc. will have approximately 6,004 Common Shares outstanding, a substantial reduction from its previous count. The temporary change in the company’s stock symbol to (OTC: SONGD) for approximately 20 days reflects this transition period. As part of the reverse stock split, fractional shareholders will be provided with a cash payment in lieu of a round-up of fractional shares., in accordance with the company’s...

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Key Energy Services Reports Asset Acquisition

Written by Customer Service on . Posted in Mergers And Acquisitions.

HOUSTON, May 19, 2024 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (“Key” or the “Company”) today announced the purchase of substantially all the assets of the well servicing division of Endeavor Energy Resources, L.P. (“Endeavor”) in an all-cash transaction effective May 19, 2024. Key will continue support Endeavor’s well servicing needs in the Permian Basin with these assets. Key’s President and Chief Executive Officer, Marshall Dodson, stated, “We are excited about this transaction and the great people and assets we have added to our team. We look forward to continuing our relationship with Endeavor, partnering with them to provide the same safe and exceptional service they are accustomed to.” Dodson continued, “I am very proud of the progress our team at Key has made over the past several years, strengthening our balance sheet...

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Dyne Therapeutics to Host Virtual Investor Event to Review New Clinical Data from the ACHIEVE and DELIVER Trials Tomorrow, May 20 at 8:00 a.m. ET

Written by Customer Service on . Posted in Public Companies.

WALTHAM, Mass., May 19, 2024 (GLOBE NEWSWIRE) — Dyne Therapeutics, Inc. (Nasdaq: DYN), a clinical-stage muscle disease company focused on advancing innovative life-transforming therapeutics for people living with genetically driven diseases, today announced it now plans to report new efficacy and safety data from its Phase 1/2 ACHIEVE and DELIVER clinical trials on May 20, 2024, and to host a virtual event at 8:00 a.m. ET. This represents an update to Dyne’s prior guidance for the second half of 2024. The company intends to issue a press release prior to the start of the event.  Phase 1/2 ACHIEVE Trial of DYNE-101 in DM1 ACHIEVE is a Phase 1/2 global clinical trial evaluating DYNE-101 in adult patients with myotonic dystrophy type 1 (DM1) who are 18 to 49 years of age. ACHIEVE, which is designed to be a registrational trial,...

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