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Month: July 2024

Certara to Acquire Chemaxon to Strengthen Drug Discovery Software Portfolio

Combined organization brings broader predictive capabilities to drug discovery at scale Reiterates full year 2024 guidance RADNOR, Pa., July 09, 2024 (GLOBE NEWSWIRE) — Certara, Inc. (Nasdaq: CERT), a global leader in model-informed drug development, today announced it has signed a definitive agreement to acquire Chemaxon, a leading provider of cheminformatics software. The transaction is expected to close in the second half of 2024, subject to regulatory approval and other customary closing conditions. Chemaxon develops leading software products for chemical structure drawing, property prediction, search, and analysis. Used by research scientists globally, Chemaxon software helps to digitize the design, make, test and analyze (DMTA) lifecycle to discover the best new chemical leads. Certara and Chemaxon have had a long-term partnership...

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ChampionX Acquires RMSpumptools, Expanding Global Presence in Offshore Production Technologies Markets

THE WOODLANDS, Texas, July 09, 2024 (GLOBE NEWSWIRE) — ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX), a global leader in oilfield technology, announced today it has completed the acquisition of RMSpumptools Limited, a designer and manufacturer of highly engineered mechanical and electrical solutions for complex artificial lift applications. “By adding RMSpumptools technology to our Production & Automation Technologies (“PAT”) portfolio, ChampionX advances its ability to deliver greater value to customers while creating growth opportunities in international markets such as the Middle East, Latin America, and global offshore projects,” said Sivasankaran “Soma” Somasundaram, President and CEO of ChampionX. “RMSpumptools’ comprehensive range of products and services complement and integrate seamlessly...

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James River Announces Director Appointment

PEMBROKE, Bermuda, July 09, 2024 (GLOBE NEWSWIRE) — James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced that Christine LaSala has been appointed to its Board of Directors (the “Board”) as an independent, non-executive member, effective immediately. With the appointment of Ms. LaSala, the Board has increased its size from seven to eight directors. Ms. LaSala was appointed to the Compensation and Human Capital Committee and the Nominating and Corporate Governance Committee. “I am thrilled to welcome Christine to our Board,” said Frank D’Orazio, the Company’s Chief Executive Officer. “She has deep knowledge of the specialty property and casualty insurance industry and extremely valuable corporate governance expertise.” Chairman Ollie L. Sherman, Jr., added, “We are fortunate to be adding...

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James River Announces Legacy Reinsurance Agreement with State National Insurance Company

PEMBROKE, Bermuda, July 09, 2024 (GLOBE NEWSWIRE) — James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced that two of its principal operating subsidiaries entered into a combined loss portfolio transfer and adverse development cover reinsurance agreement with State National Insurance Company, Inc. (“State National”). Under the terms of the agreement, State National will provide $160.0 million of adverse development reinsurance coverage for James River’s Excess and Surplus Lines segment casualty portfolio for accident years 2010-2023 (both years inclusive), subject to a 15% co-participation by the Company. The reinsurance structure has no coverage sublimits but does exclude exposure to the Company’s former large commercial auto insured, with the vast majority of that exposure already subject...

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Crown LNG Holding AS Announces Completion of Business Combination with Catcha Investment Corp

 Combination accelerates Crown LNG’s mission to enable stable, secure, year-round LNG supplies to growing markets and locations exposed to harsh weather conditions.  Crown LNG Holdings Limited shares and warrants to begin trading on the Nasdaq on July 9, 2024 under ticker “CGBS” and “CGBSW,” respectively.OSLO, NORWAY, July 09, 2024 (GLOBE NEWSWIRE) — Crown LNG Holding AS (“Crown” or “Crown LNG”), a leading provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, today announced that it has completed its previously announced business combination (the “Business Combination”) with Catcha Investment Corp (“Catcha”). The transaction was unanimously approved by Catcha’s board of directors and was approved at an extraordinary general meeting of Catcha shareholders on June 12, 2024. The combined...

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XPO Schedules Second Quarter 2024 Earnings Conference Call for Thursday, August 1, 2024

GREENWICH, Conn., July 09, 2024 (GLOBE NEWSWIRE) — XPO (NYSE: XPO) will hold its second quarter conference call and webcast on Thursday, August 1, at 8:30 a.m. Eastern Time. The company’s results will be released earlier that morning and made available on www.xpo.com. Access information:Call toll-free from US/Canada: 1-877-269-7756International callers: +1-201-689-7817Live webcast online at: www.xpo.com/investors A replay of the conference call will be available until August 31, 2024, by calling toll-free (from US/Canada) 1-877-660-6853; international callers dial +1-201-612-7415. Use the passcode 13747657. Additionally, the call will be archived on www.xpo.com/investors. About XPO XPO, Inc. (NYSE: XPO) is a leader in asset-based less-than-truckload (LTL) freight transportation in North America. The company’s customer-focused...

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Saratoga Investment Corp. Announces Fiscal First Quarter 2025 Financial Results

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) — Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2025 fiscal first quarter, with Net Investment Income (“NII”) per share of $1.05 versus $1.35 last year and $0.94 for last year’s fourth quarter, and adjusted NII per share of $1.05 versus $1.08 last year and $0.94 for last year’s fourth quarter. Saratoga Investment’s annualized first quarter dividend of $0.74 per share and adjusted net investment income of $1.05 per share imply a 13.1% dividend yield and 18.6% earnings yield based on its recent stock price of $22.59 per share on July 8, 2024. This substantial overearning of the dividend by 31c this quarter, or $1.24 annualized per share, amply supports the increased level of dividends,...

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Kura Sushi USA Announces Fiscal Third Quarter 2024 Financial Results

IRVINE, Calif., July 09, 2024 (GLOBE NEWSWIRE) — Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced financial results for the fiscal third quarter ended May 31, 2024. Fiscal Third Quarter 2024 HighlightsTotal sales were $63.1 million, compared to $49.2 million in the third quarter of 2023; Comparable restaurant sales increased 0.6% for the third quarter of 2024 as compared to the third quarter of 2023; Operating loss was $1.2 million, compared to operating income of $1.3 million in the third quarter of 2023; Net loss was $0.6 million, or $(0.05) per diluted share, compared to net income of $1.7 million, or $0.16 per diluted share, in the third quarter of 2023; Adjusted net income* was four thousand dollars, or $0.00 per diluted share, compared...

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MaxCyte to Report Second Quarter 2024 Financial Results on August 6, 2024

ROCKVILLE, Md., July 09, 2024 (GLOBE NEWSWIRE) — MaxCyte, Inc., (NASDAQ: MXCT; LSE: MXCT), a leading, cell-engineering focused company providing enabling platform technologies to advance the discovery, development and commercialization of next-generation cell therapeutics and innovative bioprocessing applications, today announced that it will release financial results for the second quarter 2024 after the U.S. market close on Tuesday, August 6th, 2024. Company management will host a conference call to discuss financial results at 4:30 p.m. Eastern Time. Earnings Conference Call DetailsInvestors interested in listening to the conference call are required to register online. It is recommended to register at least a day in advance. A live and archived webcast of the event will be available on the “Events” section of the MaxCyte website...

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Caldwell U.S. Dividend Advantage Fund Declares Distributions for Q3 2024

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 09, 2024 (GLOBE NEWSWIRE) — Caldwell Investment Management Ltd., the manager of Caldwell U.S. Dividend Advantage Fund (the “Fund”), is pleased to announce the payment of distributions on the actively-managed ETF Series of the Fund to unitholders of record as indicated below. The monthly distribution rate of CAD $0.038 per unit of the ETF Series represents an attractive annualized yield on net assets of approximately 2.8 %.Record Date Payment Date Distribution per UnitJuly 30, 2024 August 6, 2024 CAD $0.038August 29, 2024 September 6, 2024 CAD $0.038September 27, 2024 October 4, 2024 CAD $0.038ETF Series unitholders also have the option to participate in the distribution reinvestment plan (“DRIP”) offered...

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