Month: May 2024

MALTA, N.Y., May 22, 2024 (GLOBE NEWSWIRE) — GlobalFoundries Inc. (“GlobalFoundries” or “GF”) (Nasdaq: GFS), today announced the pricing of a secondary public offering of $950 million of its ordinary shares at a price to the public of $50.75 per share (including a $200 million share repurchase, as described below). All of the shares in the offering are being offered by Mubadala Technology Investment Company (the “Selling Shareholder”). The Selling Shareholder is a wholly owned subsidiary of Mubadala Investment Company PJSC (which, together with its affiliates, is GlobalFoundries’ largest shareholder). The Selling Shareholder has also granted the underwriters a 30-day option to purchase up to an additional $112.5 million of GlobalFoundries’ ordinary shares (equal to 15% of the initial ordinary shares being sold to the public) at...

TORONTO, May 22, 2024 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today announced the results of the election of Directors at its Annual General Meeting (“the Meeting”) held on May 22, 2024, in a virtual-only meeting format. The total number of voting shares represented by shareholders present electronically and by proxy at the Meeting was 157,834,362, representing 61.64% of Northland’s outstanding voting shares. The nine nominees proposed by Management for election as Directors were elected. Information on each of the Director Nominees is contained in Northland’s Management Information Circular dated April 15, 2024, which is available on the company’s website at www.northlandpower.com. The votes received were as follows:Nominee Votes For Percent Withheld PercentJohn W. Brace 151,736,391 96.51% 5,484,968 3.49%Doyle...

Administrator Requests Halt in Trading of Securities BRISBANE, Australia, May 22, 2024 (GLOBE NEWSWIRE) — Tritium DCFC Limited¹ (OTC: DCFCQ) (“Tritium” or the “Company”), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles, previously reported, on April 18, 2024, that the Company and three of its Australian subsidiaries, Tritium Pty Ltd², Tritium Holdings Pty Ltd³ and Tritium Nominee Pty Ltd⁴ (together with the Company, the “Companies”) (i) were insolvent or likely to become insolvent, (ii) a voluntary administrator should be appointed under the Australian Corporations Act 2001 (the “Act”), and (iii) to appoint Peter James Gothard, James Douglas Dampney and William Martin Colwell of KPMG as joint and several administrators (together, the “Administrators”) pursuant to section 436A of...

Wilmington, DE, May 22, 2024 (GLOBE NEWSWIRE) — Feutune Light Acquisition Corporation (NASDAQ: FLFV) (the “Company”), a blank check company incorporated as a Delaware corporation, today announced that, in order to extend the date by which the Company must complete its initial business combination from May 21, 2024 to June 21, 2024, an aggregate of $60,000 has been deposited into Company’s trust account (the “Trust Account”). Pursuant to the Company’s Amended and Restated Certificate of Incorporation currently in effect, the Company may extend on monthly basis from March 21, 2024 until December 21, 2024 or such an earlier date as may be determined by its board to complete a business combination by depositing $60,000 for each month into the Trust Account. On May 22, 2024, the Company issued two promissory notes with an aggregate...

CALGARY, Alberta, May 22, 2024 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX – PEY) (“Peyto“) is pleased to announce that the nominees listed in the information circular – proxy statement dated April 4, 2024 were elected as directors of Peyto at Peyto’s annual meeting of shareholders (the “Meeting“) held on May 22, 2024. The detailed results of the votes for the election of directors, the appointment of auditors and the advisory vote on executive compensation held at the Meeting are set out below. Election of Directors On a vote by ballot, each of the following nine nominees proposed by management was elected as a director of Peyto:Nominee   Outcome of Vote   Votes For   Votes WithheldDonald Gray   Elected   92,431,084   4,834,863Michael MacBean   Elected   93,275,111   3,990,836Brian...

SANTA CLARA, Calif., May 22, 2024 (GLOBE NEWSWIRE) — Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in real-time engagement technology, today announced its unaudited financial results for the first quarter ended March 31, 2024. “Despite a challenging operating environment, we continued to focus on enhancing the fundamental performance of our products, for example, launching our new Adaptive Video Optimization technology and improving the stability of our SDKs to highest levels in our history,” said Tony Zhao, founder, chairman and CEO of Agora, Inc. “I firmly believe such improvements will create value for use cases of today and the future. For instance, our earlier prediction that generative AI models will interact with human directly through voice and video is rapidly materializing, which could benefit from our...

ISELIN, N.J., May 22, 2024 (GLOBE NEWSWIRE) — Middlesex Water Company (NASDAQ:MSEX), a provider of water and wastewater and related services held its Annual Meeting of Shareholders exclusively online on May 21, 2024 at which shareholders re-elected Kim C. Hanemann and Ann L. Noble and elected Nadine Leslie (Class I Directors) each to a three-year term and re-elected Dennis W. Doll (Class II Director) to a one-year term. Shareholders also approved a non-binding advisory resolution approving the compensation of the Company’s named executive officers; and ratified the Audit Committee’s selection of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. During the meeting, officers discussed the Company’s financial results, capital investment initiatives, finance...

CALGARY, Alberta, May 22, 2024 (GLOBE NEWSWIRE) — Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce that Alex Davern has been appointed to the Board of Directors effective May 23, 2024. Mr. Davern joins the Board as an independent non-executive director and will stand for nomination at the next annual meeting of shareholders. Mr. Davern is formerly the Chairman of the Board of Directors of ESI Group and spent more than 25 years in senior executive leadership roles at National Instruments, including serving as the Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer. He currently holds director positions with both Faro Technologies (NASDAQ: FARO), and Cirrus Logic Inc. (NASDAQ: CRUS). He also holds a teaching position at the University of Texas McCombs School of Business. “It...