Day: May 20, 2024

Enters Engineered Wood Products Market Substantially Improves Cash Flow OLD GREENWICH, Conn., May 20, 2024 (GLOBE NEWSWIRE) — Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today it has completed the acquisition of Timber Technologies, LLC (“Timber Tech”), a Wisconsin-based engineered wood products manufacturer, effective May 17, 2024. Transaction Highlights$23 million cash-free, debt-free purchase price. $23 million includes: $16 million in upfront cash; $4 million in deferred cash; and a $3 million, 2-year earn-out payable 50% in cash and 50% in shares of STRRP preferred stock. Earn-out Adj. EBITDA targets are $5.4 million and $6.0 million for years 1 and 2, respectively. Associated real estate will be acquired in June 2024 for $3 million in a separate transaction. Closed...

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1.        KEY INFORMATION(a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):        The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. N/A(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:        Use a separate form for each offeror/offeree abrdn EUROPEAN LOGISTICS INCOME PLC(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A(e)   Date...

Westford USA, May 20, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the Delivery Robot Market will attain a value of USD 29.80 Billion by 2031, with a CAGR of 25% during the forecast period (2024-2031). In the digital age, the demand for high-speed Internet access and connected devices has increased exponentially, allowing intelligent robots to gain market share. Consumers in the U.S., U.K., Canada, Europe, and other developed countries all need smart tracking systems to help them save time. For example, Starship Technologies, a global leader in these products, offers a delivery solution that integrates with a delivery partner’s website or mobile app and allows them to track and manage their fleet supply. Additionally, autonomous robotic delivery is another category that is highly appreciated by customers who prefer local delivery...