Month: June 2024
TORONTO, June 12, 2024 (GLOBE NEWSWIRE) — Currency Exchange International, Corp. (the “Group” or “CXI”) (TSX: CXI; OTCBB: CURN) today reported its financial results and Management’s Discussion and Analysis (“MD&A”) for the three and six-months ended April 30, 2024 (all figures are in U.S. dollars except where otherwise indicated). The complete financial statements and MD&A can be found on the Company’s SEDAR profile at www.sedarplus.ca.
Randolph Pinna, CEO of the Group, stated, “CXI delivered revenue growth over the prior period which aligns with our strategy. Our balance sheet is strong, our business model is diverse, and we continue to grow our revenue with a heightened focus on expense management. We remain committed to executing against our strategy, including developing scale in our global payments offering...
Canadian High Income Equity Fund to Terminate
Written by Customer Service on . Posted in Public Companies.
TORONTO, June 12, 2024 (GLOBE NEWSWIRE) — (TSX: CIQ.UN) Brompton Funds Limited (the “Manager”), manager of Canadian High Income Equity Fund (the “Fund”), announced today that the Fund will terminate on or about August 15, 2024 (“Termination Date”). This news release serves as notice of termination to unitholders of the Fund in accordance with the amended and restated declaration of trust governing the Fund (the “Declaration of Trust”). The Board of Directors of the Manager determined that the termination of the Fund is in the best interest of the unitholders of the Fund for the following reasons: (i) the Fund’s small size and increasing MER; (ii) limited ability to increase fund size due to the trading discount; and (iii) reduced liquidity for investors.
The Fund has previously declared a distribution of $0.04 per unit payable...
Former Cisco Systems Technology Executive Appointed to Tyson Foods Board of Directors
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SPRINGDALE, Ark., June 12, 2024 (GLOBE NEWSWIRE) — Tyson Foods, Inc. (NYSE: TSN) today announced the appointment of Maria N. Martinez as a new independent director, effective June 10.
Martinez most recently served as Executive Vice President and Chief Operating Officer at Cisco Systems from 2021 until 2024 and previously held the role of Chief Customer Experience Officer. Prior to Cisco Systems, Martinez held executive positions at leading technology companies including Salesforce, Microsoft, Motorola and AT&T’s Bell Labs.
With extensive experience in operations and digital transformation, Martinez currently serves on the board of directors of McKesson, Computer History Museum and the Silicon Valley Education Foundation. She also serves as an advisor on the President’s National Security Telecommunications Advisory Committee....
The Children’s Place Reports First Quarter 2024 Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
SECAUCUS, N.J., June 12, 2024 (GLOBE NEWSWIRE) — The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced financial results for the first quarter ended May 4, 2024.
First Quarter 2024 ResultsNet sales decreased $53.7 million, or 16.7%, to $267.9 million in the three months ended May 4, 2024, from $321.6 million in the three months ended April 29, 2023. The decrease in net sales compared to the first quarter 2023 was primarily due to reductions in retail sales due to lower store count, traffic declines to stores, declines in ecommerce demand due to reductions in marketing resulting from liquidity challenges early in the quarter and decreases in wholesale revenue. Comparable retail sales decreased 11.7% for the quarter.
Gross...
Coherent Reaches a Manufacturing Milestone: 300 Million Transceivers Shipped From Ipoh, Malaysia, Facility
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PITTSBURGH, June 12, 2024 (GLOBE NEWSWIRE) — Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, proudly announces the shipment of its 300-millionth optical transceiver from its manufacturing facility in Ipoh, Malaysia. This significant milestone underscores the scale, resiliency, and flexibility of Coherent supply chain solutions for customers.Coherent Corp., renowned for its innovative solutions in the optical communications industry, continues to leverage its advanced manufacturing capabilities to meet global demands. The company’s commitment to robust supply chain solutions and efficient production processes is exemplified by its Ipoh facility.
Milestone Achievement
“This milestone is a testament to our strategic investment in supply chain resiliency,” stated Dr. Lee Xu, Executive Vice President,...
Cellectis Unveils a Non-Viral Gene Therapy Approach for Sickle Cell Disease in Nature Communications
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NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) — Cellectis (the “Company”) (Euronext Growth: ALCLS – NASDAQ: CLLS), a clinical-stage biotechnology company using its pioneering gene-editing platform to develop life-saving cell and gene therapies, announced today the publication of a scientific article in Nature Communications, unveiling a non-viral gene therapy approach for sickle cell disease.
Sickle cell disease (SCD) is one of the most common inherited diseases worldwide. SCD is caused by a single point mutation in the HBB gene, which encodes the β subunit of hemoglobin (Hb). Normally, red blood cells adopt a disc-like shape that allows them to move easily through the blood vessels and deliver oxygen throughout the body. In sickle cell disease, red blood cells become crescent or “sickle”-shaped, a dysfunctional state that impairs...
TILT Holdings Reports Results of 2024 Annual General Meeting of Shareholders
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PHOENIX, June 12, 2024 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (NEO: TILT) (OTCQB: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, today announces the results of the 2024 annual general meeting of shareholders of TILT (the “Shareholders”) held virtually on Tuesday, June 11, 2024 (the “Meeting”).
The Company put forward the following proposals to be voted on by the Shareholders at the Meeting, all of which were approved: (i) to elect five directors of the Company to hold office until their successors are elected at the next annual general meeting of the Company; and (ii) to re-appoint Macias Gini & O’Connell LLP (“MGO”) as the auditors for the Company for the ensuing year and to authorize...
Centurion Acquisition Corp. Announces Closing of $287.5 Million Initial Public Offering Including Full Exercise of Underwriters’ Over-Allotment Option
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NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) — Centurion Acquisition Corp. (Nasdaq: ALF) (the “Company”) today announced the closing of its initial public offering of 28,750,000 units, which includes 3,750,000 units issued pursuant to the exercise by the underwriters of their over-allotment option, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share.
The units are listed on The Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “ALFUU” on June 11, 2024. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “ALF” and...
Dentsply Sirona Provides Update on June Investor Conference Participation
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CHARLOTTE, N.C., June 12, 2024 (GLOBE NEWSWIRE) — DENTSPLY SIRONA Inc. (“Dentsply Sirona” or the “Company”) (Nasdaq: XRAY) today announced that it is canceling its participation in the Goldman Sachs 45th Annual Global Healthcare Conference due to weather-related flight disruptions. Prior to this announcement, the Company was scheduled to participate on June 13, 2024, at 8:00 am ET.
About Dentsply Sirona
Dentsply Sirona is the world’s largest manufacturer of professional dental products and technologies, with over a century of innovation and service to the dental industry and patients worldwide. Dentsply Sirona develops, manufactures, and markets a comprehensive solution offering including dental and oral health products as well as other consumable medical devices under a strong portfolio of world class brands. Dentsply...
Brink’s Closes $400 Million 5-Year and $400 Million 8-Year Senior Notes Offering
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RICHMOND, Va., June 12, 2024 (GLOBE NEWSWIRE) — The Brink’s Company (NYSE:BCO) (the “Company”) today announced that it has closed its previously announced offering of 5-year and 8-year senior unsecured notes in aggregate principal amounts of $400 million and $400 million, respectively. The notes were priced at par, will mature on June 15, 2029 and June 15, 2032, respectively, and bear an annual interest rate of 6.500% and 6.750%, respectively.
Kurt McMaken, executive vice president and CFO, said: “We are pleased with the results of our refinancing. We were able to extend and diversify our future debt maturities, increase liquidity, and maintain leverage within our targeted range. We do not expect this transaction to have a meaningful impact on our 2024 interest expense or our existing EPS guidance range. With the transaction behind...
