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Day: June 11, 2024

Major Drilling Announces Fourth Quarter and Fiscal Year 2024 Results

MONCTON, New Brunswick, June 11, 2024 (GLOBE NEWSWIRE) — Major Drilling Group International Inc. (“Major Drilling” or the “Company”) (TSX: MDI), a leading provider of specialized drilling services to the mining sector, today reported results for the fourth quarter and fiscal year 2024, ended April 30, 2024.  Fiscal 2024 HighlightsRecorded revenue of $706.7 million, the third highest in the Company’s 44-year history. Net earnings of $53.1 million (or $0.64 per share), compared to net earnings of $74.9 million (or $0.90 per share) for the prior year. Repurchased 1,337,968 shares at a cost of $11.2 million. Net cash(1) position increased $28.1 million during the year to $87.4 million. Achieved new milestone with a Total Recordable Incident Rate (“TRIR”) of 1.14 for fiscal 2024, a new record in the Company’s...

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Tonix Pharmaceuticals Announces Proposed Public Offering

CHATHAM, N.J., June 11, 2024 (GLOBE NEWSWIRE) — Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (“Tonix” or the “Company”), a fully-integrated biopharmaceutical company, today announced that it intends to offer and sell shares of its common stock (or pre-funded warrants in lieu thereof). All of the securities to be sold in the offering are to be offered by Tonix. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, including the preparation of the new drug application relating to its Tonmya™ product candidate in patients with fibromyalgia, and the satisfaction of any portion of its...

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Denali Capital Acquisition Corp. Announces Extension of Deadline to Complete Business Combination

NEW YORK, NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) —  Denali Capital Acquisition Corp. (NASDAQ: DECA) (the “Company”) announced today that an aggregate of $50,000 has been deposited into the Company’s trust account to further extend the period of time the Company has to consummate its business combination by an additional month from June 11, 2024 to July 11, 2024 in accordance with the amended terms of the Company’s amended and restated memorandum and articles of association. About the Company Denali Capital Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Forward-Looking Statements This press release includes...

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Streamline Health® Reports Fiscal First Quarter 2024 Financial Results

Net loss of ($2.7 million) during the first quarter of fiscal 2024 compared to net loss of ($2.9 million) during the first quarter of fiscal 2023 Adjusted EBITDA improved to a loss of ($0.7 million) during the first quarter of fiscal 2024 vs. a loss of ($1.3 million) during the first quarter of fiscal 2023 $15.6 million of Booked SaaS ACV as of April 30, 2024 vs. $15.0 million of booked SaaS ACV as of January 31, 2024 Company reiterated $15.5 million implemented SaaS ARR adjusted EBITDA breakeven run rate expectationATLANTA, June 11, 2024 (GLOBE NEWSWIRE) — Streamline Health Solutions, Inc. (“Streamline” or the “Company”) (Nasdaq: STRM), a leading provider of solutions that enable healthcare providers to proactively address revenue leakage and improve financial performance, today announced financial results for the fiscal first...

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Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2024 Results

LONGVIEW, Texas, June 11, 2024 (GLOBE NEWSWIRE) — Friedman Industries, Incorporated (NYSE American: FRD) announced today its results of operations for the quarter and fiscal year ended March 31, 2024. March 31, 2024 Quarter Highlights:Net earnings of $5.0 million Sales of $132.2 million 13% increase in sales volume over the preceding third quarter 9% increase in sales volume over the prior year fourth quarterFiscal Year March 31, 2024 Highlights:Net earnings of $17.3 million – second most profitable fiscal year in Company history Sales of $516.3 million 19% increase in sales volume over prior fiscal year Working capital balance at year-end of $116.0 million“We ended fiscal 2024 with a strong fourth quarter that made it our second most profitable fiscal year in Friedman’s history,” said Michael J. Taylor, President...

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Atos enters into exclusive negotiations with ALTEN for the sale of Worldgrid

Press Release Atos enters into exclusive negotiations with ALTEN for the sale of Worldgrid Paris, France – June 11, 2024 – Atos, a global leader in digital transformation, today announces that it has entered into exclusive negotiations with ALTEN SA (“ALTEN”) for the sale of its Worldgrid business unit for a binding enterprise value of €270 million. Worldgrid provides consulting and engineering services to energy and utility companies. The business currently employs close to 1,100 employees and, in 2023, it generated revenue of circa €170 million from a diverse and longstanding client base. ALTEN is a well-recognized IT and engineering player with expertise and product offerings in the energy and utilities industry. The contemplated transaction would ensure full continuity of service for Worldgrid’s strategic clients and employees. Emmanuel...

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Ready Capital Announces Acquisition of Madison One

Allows Leading Non-Bank SBA Lender to Expand its Presence in Government Guaranteed Lending Sector Via USDA and SBA Originator and Servicer. NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) — Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”), a multi-strategy real estate finance company that originates, acquires, finances and services small-to-medium balance commercial loans, today announced that it has acquired Madison One Capital, M1 CUSO and Madison One Lender Services (together, “Madison One”), a leading originator and servicer in the highly profitable government guaranteed loan industry focusing on United States Department of Agriculture (“USDA”) and SBA guaranteed loan products. Terms of the transaction were not disclosed. The transaction will expand Ready Capital’s presence in USDA lending through programs that...

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PetMeds® Announces Its Fourth Quarter and Fiscal Year End Financial Results

DELRAY BEACH, Fla., June 11, 2024 (GLOBE NEWSWIRE) — PetMed Express, Inc. dba PetMeds and parent company of PetCareRx (NASDAQ: PETS) today announced its financial results for its fourth quarter and fiscal year ended March 31, 2024.  Quarterly HighlightsNet sales for the quarter ended March 31, 2024, were $66.5 million, compared to $62.4 million for the fourth quarter in the prior year, an increase of 6.6%, driven by the acquisition of PetCareRx partially offset by a decline in PetMeds legacy sales. Net loss for the quarter ended March 31, 2024 was $(5.0) million, or $(0.25) diluted earnings per share. This compares to net loss of $(0.2) million, or $(0.01) diluted earnings per share, for the prior year quarter ended March 31, 2023. The increase in the net loss can be attributed to additional G&A, marketing expenses and an...

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Edf: Appointment to EDF’s Board of Directors

Appointment to EDF’s Board of Directors EDF’s Combined Annual General Meeting of June 11, 2024, on the recommendation of the Board of Directors meeting of June 10, 2024, appointed Mr. Bruno Even as a director to replace Mrs. Colette Lewiner. Mr Bruno Even is appointed for a term of three years, expiring at the close of the Ordinary General Meeting called to approve the financial statements for the year ending December 31, 2026. The Board is made up of 41.7% independent directors (excluding those representing employees), and 50% women. The Chairman and CEO and the members of the Board paid tribute to the commitment of Colette Lewiner, who has been with the company for many years, and thanked her for her decisive contributions. Biographies of all Board members are available at: https://www.edf.fr/en/the-edf-group/edf-at-a-glance/governance/board-of-directors. About...

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Nokia Corporation: Repurchase of own shares on 11.06.2024

Nokia CorporationStock Exchange Release11 June 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 11.06.2024 Espoo, Finland – On 11 June 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 408,211 3.56CEUX – –BATE – –AQEU – –TQEX – –Total 408,211 3.56* Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation...

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