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Month: June 2024

Bitdeer Unveils SEALMINER Technology Roadmap, Committed to Enhancing Transparency in the Mining Industry

Expects to mass produce innovative ultra efficient 5J/TH chips by Q4 2025 with investments in R&D SINGAPORE, June 07, 2024 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced its research & development (R&D) technology roadmap for the SEALMINER Bitcoin mining machine. This disclosure reaffirms the Company’s ongoing commitment towards driving greater transparency in the mining industry. In the dynamically evolving mining market, two aspects of transparency are particularly crucial for miners. Firstly, miners’ expectations of future technological advancements and delivery timelines of mining machines; Secondly, access to data analytics of mining machine capabilities, equipment inventory,...

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Futu Announces HKD440 million Investment in Airstar Bank

HONG KONG, June 07, 2024 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it had completed a HKD440 million investment in Gravitation Fintech HK Limited, the parent company of Airstar Bank, a Hong Kong licensed virtual bank. Following the investment, Futu has become the second largest beneficial owner holding indirectly 44.11% of Airstar Bank. About Futu Holdings Limited Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and...

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Fireweed Announces $30 Million Financing

VANCOUVER, British Columbia, June 06, 2024 (GLOBE NEWSWIRE) — FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQX: FWEDF), is pleased to announce a non-brokered private placement (the “Offering”) for gross proceeds of up to CAD$30,000,000. HighlightsThe Offering will provide Fireweed with capital to advance its comprehensive 2024 drilling and regional exploration programs at Macpass, as well as support critical path items and financial commitments at Mactung. The Lundin Family Trusts have indicated their intention of subscribing for up to $30.0 million of the Private Placement alongside lead orders from other key shareholders.CEO Statement Peter Hemstead, Interim CEO, stated, “We are pleased to enjoy the continued backing of our key shareholders; their significant involvement in this financing underscores...

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HUTCHMED Initiates Phase I Trial of Menin Inhibitor HMPL-506 in Patients with Hematological Malignancies in China

HONG KONG and SHANGHAI and FLORHAM PARK, N.J., June 06, 2024 (GLOBE NEWSWIRE) — HUTCHMED (China) Limited (“HUTCHMED”) (Nasdaq/AIM:HCM; HKEX:13) today announces that it has initiated Phase I clinical trial of its menin inhibitor HMPL-506 in patients with hematological malignancies in China. The first patient received their first dose on May 31, 2024. This is a Phase I, multicenter, open-label clinical study to evaluate the safety, pharmacokinetics and efficacy of HMPL-506 in patients with hematological malignancies. The study is divided into two phases, a dose escalation phase and a dose expansion phase. The study is expected to enroll at least 60 patients. The lead principal investigators are Dr. Jianxiang Wang and Dr. Hui Wei of Chinese Academy of Medical Sciences Blood Diseases Hospital. Additional details may be found at clinicaltrials.gov,...

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Volaris Reports May 2024 Traffic Results: 86% Load Factor

MEXICO CITY, June 06, 2024 (GLOBE NEWSWIRE) — Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its May 2024 preliminary traffic results. In May 2024, Volaris’ ASM capacity decreased by 17.5% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. However, load factor increased by 1.6 pp YoY to 86.1%, as RPMs decreased by less than capacity. Mexican domestic RPMs decreased by 22.0%, while international RPMs decreased by 3.6%. Volaris transported 2.4 million passengers during the month. Enrique Beltranena, Volaris’ President, and CEO said: “Despite limitations in capacity growth due to fleet availability,...

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Fobi AI Announces AGM Voting Results

VANCOUVER, British Columbia, June 06, 2024 (GLOBE NEWSWIRE) — Fobi AI Inc. (TSXV:FOBI; OTCQB: FOBIF) (the “Company” or “FOBI”) is pleased to announce voting results from the Company’s Annual General and Special Meeting of Shareholders held on June 6, 2024 (“AGM”). All matters voted upon were outlined in the Company’s Management Information Circular dated May 7, 2024 (“Circular”). A total of 53,513,161 common shares of the Company (“Shares”) were voted, representing the votes attached to 24.20% of all outstanding Shares as at the record date. At the AGM, Shareholders passed resolutions related to the following, all as further set out in the Circular:The number of directors of the Company was fixed at three (3); The election of the director nominees set forth in the Circular, being Rob Anson, Peter Green, and Jeffrey Hyman; The...

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Solidion Technology Announces Receipt of Expected Delinquency Notification Letter From Nasdaq Relating to Non-Compliance with Listing Rule 5250(c)(1)

Dallas, TX, June 06, 2024 (GLOBE NEWSWIRE) — On May 31, 2024, Solidion Technology, Inc. (the “Company”) received an expected delinquency notification letter (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”), which indicated that, as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024 (the “Form 10-Q”) by the applicable due date, the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the “SEC”). The Notice states that the Company has 60 calendar days to submit to Nasdaq a plan to regain compliance with the Rule. If Nasdaq accepts the Company’s...

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Rapport Therapeutics Announces Pricing of Initial Public Offering

BOSTON and SAN DIEGO, June 06, 2024 (GLOBE NEWSWIRE) — Rapport Therapeutics, Inc. (Nasdaq: RAPP), a clinical-stage biotechnology company focused on discovery and development of transformational small molecule medicines for patients suffering from central nervous system disorders, today announced the pricing of its initial public offering of 8,000,000 shares of its common stock at a public offering price of $17.00 per share. Rapport’s shares are expected to begin trading on the Nasdaq Global Market on June 7, 2024 under the ticker symbol “RAPP.” The offering is expected to close on June 10, 2024, subject to the satisfaction of customary closing conditions. In addition, Rapport has granted the underwriters a 30-day option to purchase an additional 1,200,000 shares of its common stock at the public offering price, less underwriting...

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The North West Company Inc. Announces Election of Directors

WINNIPEG, Manitoba, June 06, 2024 (GLOBE NEWSWIRE) — (TSX: NWC): – The North West Company Inc. (the “Company” or “North West”) today announced that shareholders voted in favour of all items of business put forth by the Company at its annual general meeting of shareholders yesterday (the “Meeting”), including the election of all of the nominee directors listed in the Notice of Meeting & Management Information Circular dated April 10, 2024:Nominee Votes For % of Votes For Votes Against % of Votes AgainstBrock Bulbuck 24,317,241 95.64 1,109,496 4.36Stewart Glendinning 23,647,856 93.00 1,778,884 7.00Rachel Huckle 24,547,666 96.54 879,074 3.46Annalisa King 23,946,620 94.18 1,480,120 5.82Violet Konkle 24,041,117 94.56 1,384,023 5.44Steven Kroft 24,543,003 96.52 883,737 3.48Daniel McConnell 24,555,652 96.57 871,088 3.43Jennefer...

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