Day: June 24, 2024
Bolsters Automation and Scale for Made-in-America EVs
JUSTIN, Texas, June 24, 2024 (GLOBE NEWSWIRE) — Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it has received the first of two tranches of new or like-new advanced manufacturing assets, formerly owned by Arrival Automotive UK Limited, at its Foreign Trade Zone (FTZ) designated facility in Oklahoma City, OK. The received assets will bolster in-house processes and enable higher cabin line production volumes in 2025.
Canoo received 44 containers with 226 lots of advanced manufacturing assets including state-of-the-art robots along with a suite of comprehensive production infrastructure. These assets will streamline Canoo’s production processes, leading to reduced lead times, enhanced production scalability, lower capital expenditures, and...
Progyny, Inc. Announces Enhanced Global Services with Acquisition of Apryl
Written by Customer Service on . Posted in Mergers And Acquisitions.
NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) — Progyny, Inc. (Nasdaq: PGNY), a transformative fertility, family building, and women’s health benefits solution, today announced an expansion of its global offering with the acquisition of Apryl, a Berlin-based fertility benefits platform founded in 2019. This acquisition enhances Progyny’s guided, concierge support that enables employees around the world to navigate the complexities of fertility and family building care.
Progyny’s global benefits solution supports multinational employers and their employee populations in over 100 countries. Progyny’s services allow employers the flexibility to offer fertility and family building benefits that comply with the intricacies of country-specific laws and regulations as it relates to fertility and family building services, treatments, and benefit...
StorageVault to Acquire 2 Locations for $59,500,000; Updates Previously Announced Transactions
Written by Customer Service on . Posted in Mergers And Acquisitions.
TORONTO, June 24, 2024 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that it has agreed to acquire two locations from two arm’s length vendor groups (collectively, the “Vendors”) for an aggregate purchase price of $59,500,000, subject to customary adjustments (the “Acquisitions”). One of the locations is being purchased under a 50/50 joint venture (“Joint Venture”). StorageVault owns a self storage property that is nearby to the joint venture property and provides StorageVault the opportunity to expand its self storage business in that location.
The aggregate purchase price is expected to be paid with funds on hand, issuance of 640,000 StorageVault common shares valued at $4,000,000 to one of the Vendors and a vendor takeback mortgage from one of the Vendors. The Acquisitions are...
ANI Pharmaceuticals to Further Expand Rare Disease Business through Acquisition of Alimera Sciences
Written by Customer Service on . Posted in Mergers And Acquisitions.
Conference call scheduled for today at 8:30 a.m. ETStrengthens Rare Disease segment as largest driver of future growth, expected to add approximately $105 million in highly durable branded revenue
Adds two commercial assets ILUVIEN® and YUTIQ® with significant growth potential, expanding ANI’s foothold in key strategic therapeutic area of ophthalmology
Anticipated to drive high single digit to low double digit accretion in adjusted non-GAAP EPS in 2025 and to be substantially accretive thereafter
Expected to generate additional $35 – $38 million in 2025 adjusted non-GAAP EBITDA inclusive of approximately $10 million in identified cost synergies; additional EBITDA contribution expected from accelerated growth of Purified Cortrophin® Gel in ophthalmology
Increased geographic diversification with Alimera’s established ex-US footprint,...
Calibre Mining Added to the S&P/TSX Composite Index
Written by Customer Service on . Posted in Public Companies.
VANCOUVER, British Columbia, June 24, 2024 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is pleased to announce that its common shares will be added to the S&P/TSX Composite Index effective at the open of trading on the Toronto Stock Exchange (the “TSX”) on June 24, 2024.
Darren Hall, President and Chief Executive Officer of Calibre, stated: “Our addition to the benchmark S&P/TSX Composite Index is another proud milestone for Calibre and reflects the significant value we are creating for shareholders as we successfully grow the Company. We look forward to the increased exposure, broader range of potential investors, enhanced liquidity and trading flexibility that inclusion in the S&P/TSX Composite Index can provide as we execute on our strategy to continue to drive...
Lotus Technology Recognized as a Global Leader for Demonstrating Excellence Across ESG Commitment
Written by Customer Service on . Posted in Public Companies.
NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) — Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global luxury electric vehicle maker, announced it has become the first automaker to receive recognition by the Global Zero Carbon City Pioneer Awards at the 2024 Shanghai International Carbon Neutrality Expo, for demonstrating innovation and exceptional commitment to sustainability and responsible business practices.
The Global Zero Carbon City Pioneer Award, initiated by the United Nations’ subsidiary organization, is jointly launched this year by Tongji University, China Building Technique Group Co., Ltd. and other esteemed partners. The award recognizes organizations that are setting new benchmarks for sustainable business operations in diverse sectors including green transportation, carbon neutrality, clean...
Comstock Metals Receives County Operating and Storage Permit for Recycling Expansion
Written by Customer Service on . Posted in Public Companies.
Accelerates the Development of the first Industry-Scale Solar Panel Recycling Facility
VIRGINIA CITY, Nev., June 24, 2024 (GLOBE NEWSWIRE) — Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) announced today that its subsidiary, Comstock Metals, received unanimous approval for a conditional use permit (“CUP”) from the Lyon County, Nevada, Board of County Commissioners, for the operations and material storage of solar panels at the company’s first planned industrial-scale facility in Silver Springs, Nevada. This permit marks an earlier than expected achievement for deploying the first industry-scale solar panel recycling facility in the region.
Comstock Metals is dedicated to advancing leading technologies and sustainable practices in the solar recycling industry. The new storage capacity enables the company to efficiently...
Fractyl Health Announces Advancement in Weight Maintenance Pipeline and Business Updates
Written by Customer Service on . Posted in Public Companies.
Company will accelerate Revita® weight maintenance clinical study REMAIN-1; open label data from REVEAL-1 cohort expected in Q4 2024 and mid-point data analysis for REMAIN-1 anticipated in Q2 2025
Company expands Revita type 2 diabetes clinical study REVITALIZE-1, expanding eligibility; increases potential U.S. treatment population for Revita by over 6x (from ~4 to ~25 million patients)
Company presented preclinical data showing greater, more durable weight loss for its GLP-1 pancreatic gene therapy Rejuva® vs. semaglutide in one of eight President Select Abstracts at the American Diabetes Association’s 84th Scientific Sessions
BURLINGTON, Mass., June 24, 2024 (GLOBE NEWSWIRE) — Fractyl Health, Inc. (Nasdaq: GUTS) (the “Company”), a metabolic therapeutics company focused on pioneering new approaches that treat the root cause of...
Entrada Therapeutics Reports Positive Preliminary Data in Healthy Volunteers from Phase 1 ENTR-601-44-101 Trial for Duchenne Muscular Dystrophy
Written by Customer Service on . Posted in Public Companies.
– ENTR-601-44 was well-tolerated in healthy volunteers with no serious adverse events, no drug-related adverse events and no clinically significant changes or trends noted in vital signs, ECGs, physical exams or laboratory assessments –
– ENTR-601-44 demonstrated significant plasma concentration, muscle concentration and exon skipping, at levels that suggest the potential for a clinically meaningful starting dose in planned upcoming patient trials –
– Phase 2 planning underway for separate ENTR-601-44 and ENTR-601-45 clinical trials with regulatory filings anticipated in Q4 2024 –
BOSTON, June 24, 2024 (GLOBE NEWSWIRE) — Entrada Therapeutics, Inc. (Nasdaq: TRDA) is a clinical-stage biopharmaceutical company aiming to transform the lives of patients by establishing a new class of medicines that engage intracellular targets long...
Sonoco to Acquire Eviosys, Creating The World’s Leading Metal Food Can and Aerosol Packaging Platform
Written by Customer Service on . Posted in Public Companies.
Advances Sonoco’s Shareholder Value Creation Strategy Through Disciplined and High Return Capital Investment
Transaction Value of Approximately $3.9 Billion Represents a Multiple of 7.3x 2024 Expected Adjusted EBITDA Including Synergies
Rodger Fuller, Chief Operating Officer, to Lead Integration; Expect to Achieve Over $100 Million of Synergies Within 24 Months
Acquisition Expected to be Immediately Accretive to Adjusted EPS and Over 25% Accretive to 2025 Expected Adjusted EPS1
Transaction Advances Portfolio Transformation Strategy with Initiated Execution of at Least $1 Billion Divestiture Plan, with Net Proceeds for Deleveraging
Sonoco Intends to Retain an Investment Grade Rating with Plans to Deleverage to Below 3.0x Within 24 Months
Sonoco will Host an Investor and Analyst Conference Call Today at 8:30 a.m. ET
HARTSVILLE, S.C., June...