Day: June 24, 2024

Lotus Technology Secures Investment from Strategic Investor

Written by Customer Service on June 24, 2024. Posted in Public Companies.

NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) — Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker, today announced that it has entered into a convertible bond agreement with an aggregate principal amount of approximately $110 million1 through a private placement from its existing strategic shareholder (the “Investment”). The investment marks the shareholder’s continuous confidence in Lotus Tech’s growth strategy and outlook. The transaction is subject to customary closing conditions and the closing is expected to take place in the near future. A description of the material terms and conditions of the convertible purchase agreement and the notes is included in the Company’s current report on Form 6-K filed with the U.S. Securities and Exchange Commission. The Investment underscores...

Oragenics, Inc. Announces Proposed Public Offering

Written by Customer Service on June 24, 2024. Posted in Public Companies.

SARASOTA, Fla., June 24, 2024 (GLOBE NEWSWIRE) — Oragenics, Inc. (NYSE: OGEN) (“Oragenics” or the “Company”), a company focused on developing unique, intranasal pharmaceuticals for the treatment of neurological disorders, 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 Oragenics. 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 to fund the continued development of its ONP-002 product candidate and for general corporate purposes and working capital. Dawson James Securities, Inc. is the sole placement...

Next Technology Holding Inc. Announces Receipt of Staff Determination Letters from Nasdaq.

Written by Customer Service on June 24, 2024. Posted in Public Companies.

Shenzhen, China, June 24, 2024 (GLOBE NEWSWIRE) — NEXT TECHNOLOGY HOLDING INC. (formerly known as “WeTrade Group, Inc.”) (the “Company”) today announced that on June 18, 2024, it received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of Nasdaq notifying the Company that Nasdaq has initiated a process that could result in the delisting of the Company’s securities from Nasdaq as a result of the Company not being in compliance with the Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission and that annual reports to contain audited financial statements. Specifically, the Staff Determination states that the Form 10-K filed by the Company for the year end December 31, 2023...

Aridis Provides Corporate Update

Written by Customer Service on June 24, 2024. Posted in Public Companies.

LOS GATOS, Calif., June 24, 2024 (GLOBE NEWSWIRE) — Aridis Pharmaceuticals, Inc. (OTC: ARDS) (“Aridis” or the “Company”), a biopharmaceutical company, today announced a corporate update on recent developments. The Company has been in sustained discussions with other pharmaceutical companies and investment firms on possible partnerships and investments on its clinical product candidates AR- 301, AR-320, AR-501, and the APEX platform technology. The principal goal for the discussions has been to build shareholder value by out-licensing or attracting capital investments to complete the final stages of product development. A summary of the status of the major programs is further highlighted below: Lead product candidate AR-301The Company believes that the observed consistency of positive clinical efficacy trends and the magnitude...

Inventronics Declares Special Dividend

Written by Customer Service on June 24, 2024. Posted in Dividend Reports And Estimates.

CALGARY, Alberta, June 24, 2024 (GLOBE NEWSWIRE) — Inventronics Limited (“Inventronics” or the “Corporation”) (IVX:TSX Venture), a designer and manufacturer of enclosures for the telecommunications, cable, electric distribution, energy, and other industries in North America, today announced that its Board of Directors has declared a special dividend of CA$0.10 per common share to be paid in cash on July 11, 2024 to shareholders of record on July 3, 2024. The dividend is designated as an “eligible dividend” for Canadian income tax purposes. About Inventronics Inventronics Limited designs and manufactures enclosures and other products for an array of customers in the telecommunications, cable, electric distribution, energy, and other industries in North America. The Corporation owns its ISO 9001-registered production facility in...

Spectrum Group International Announces Extension of Election Deadline for Proposed Cash Election Merger

Written by Customer Service on June 24, 2024. Posted in Mergers And Acquisitions.

COSTA MESA, Calif., June 24, 2024 (GLOBE NEWSWIRE) — Spectrum Group International, Inc. (SPGZ) (“SGI” or the “Company”), an integrated network of leading companies concentrating on numismatics (coins) and paper currency, announced that it is extending the election deadline with respect to its proposal to effect a cash election merger, in which certain eligible shareholders could elect to receive either cash consideration of $22,000 per share of the Company’s common stock or shares in a new holding company. The deadline for eligible shareholders to make an election whether to receive cash or share consideration is being extended from June 24, 2024 to June 28, 2024. All other terms of the proposed cash election merger remain the same. Shareholders should refer to the Consent and Election Statement that has been distributed in connection...

Capgemini to enrich its engineering capabilities in Australia with acquisition of D+I

Written by Customer Service on June 24, 2024. Posted in Mergers And Acquisitions.

Media relations:Sam ConnattyTel.: +44 (0)370 904 3601 sam.connatty@capgemini.com Investor relations:Vincent BiraudTel.: +33 1 47 54 50 87vincent.biraud@capgemini.com Capgemini to enrich its engineering capabilities in Australia with acquisition of D+I Acquisition will augment Capgemini’s core engineering capabilities with product engineering and design services as part of its intelligent industry offerings Paris, June 24, 2024 – Capgemini announced today that it has signed an agreement to acquire D+I, a leading product design and development consultancy in Australia. This acquisition will enrich the Group’s intelligent industry offerings in the country, notably in the development and delivery of products from initial concepts through to production. Founded in 1987, with R&D labs in Sydney, Melbourne and Newcastle, D+I is an...

Clip Money Inc. Announces Results of Voting at Annual and Special Meeting of Shareholders

Written by Customer Service on June 24, 2024. Posted in Public Companies.

TORONTO, June 24, 2024 (GLOBE NEWSWIRE) — Clip Money, Inc. (“Clip” or “Company”) (TSXV:CLIP) (OTCQB:CLPMF), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce the results of voting at its annual and special meeting of shareholders held on June 24, 2024 (the “Meeting”). Each of the five nominees listed in the management information circular dated May 10, 2024 (the “Circular”) prepared in connection with the Meeting were elected as directors of the Company. The Company received proxies and virtual votes at the Meeting as set out below:Nominee Votes For % of Votes For Votes Against % of Votes AgainstJoseph Arrage 58,268,436 98.88% 660,977 1.12%Stuart Mackinnon 57,133,643 96.95% 1,795,770 3.05%Peter Dorsman 57,020,193 96.76% 1,909,220 3.24%Jeff Gibson 58,268,436 98.88% 660,977 1.12%John...

Imperial Announces Amendment of $34.47 Million of Non-Convertible Debentures

Written by Customer Service on June 24, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, June 24, 2024 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) announces that it has amended certain terms of the unsecured non-convertible debentures issued by the Company on June 30, 2023 (the “Debentures”) in the aggregate principal amount of $34,470,000. The Debentures originally had a maturity date of July 1, 2024 and interest at a rate of 12.0% per annum, with interest paid semi-annually in cash. The Debentures have been amended to extend the maturity date to November 1, 2025 and to include a 2% prepayment penalty on the outstanding principal amount in the event that the Debentures are prepaid by the Company prior to November 1, 2025. As previously disclosed, N. Murray Edwards purchased Debentures in the amount of $21,000,000. In addition, directors and officers...

Enerpac Tool Group Reports Third Quarter Fiscal 2024 Results

Written by Customer Service on June 24, 2024. Posted in Earnings Releases And Operating Results.

Third Quarter of Fiscal 2024 Continuing Operations Highlights*Net sales were $150 million, a 4% decline year-over-year, due to the disposition of Cortland Industrial Organic sales increased 1.2% year-over-year** Gross margin expanded 200 basis points year-over-year to 51.8% Operating margin was 22.2% and adjusted operating margin was 24.6% Net earnings were $23 million, or $0.41 per share, and adjusted net earnings were $26 million, or $0.47 per share Adjusted EBITDA was $40 million, an increase of 6% year-over-year Adjusted EBITDA margin was 26.4%, an expansion of 240 basis points year-over-year Narrowing full-year organic revenue growth to 2% to 3% and raising the midpoint of adjusted EBITDA guidance*This press release contains financial measures in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) in addition...

Day: June 24, 2024

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