Month: July 2024

ANDOVER, Mass., July 23, 2024 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, announced today that it successfully completed the repricing of its $2.6 billion and €0.8 billion secured tranche B term loans maturing in 2029. The repricing results in a reduction of the interest rate for the USD tranche B term loans from SOFR plus a margin of 250 basis points to SOFR plus 225 basis points and EUR tranche B term loans from EURIBOR plus a margin of 300 basis points to EURIBOR plus 275 basis points. In addition, immediately prior to the repricing, MKS made a voluntary prepayment of $110 million on its secured tranche B term loans, consisting of $69 million to the USD Term Loan B and €38 million to the EUR Term Loan B. Based on the current interest rates, the...

VANCOUVER, British Columbia, July 23, 2024 (GLOBE NEWSWIRE) — EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed a commercial license (the “License”) with an existing royalty partner (the “Royalty Partner”), who sells a broad portfolio of fruit and vegetable products globally. The License grants the Royalty Partner with the right to use EnWave’s proprietary vacuum-microwave dehydration technology in an unspecified Central American country (the “Region”) for the production of several tropical fruit products. In exchange for the rights granted in the License, the Royalty Partner will pay EnWave a six-figure annual fee (the “Fee”). If the Royalty Partner elects to purchase large-scale Radiant Energy Vacuum (“REV™”) drying technology for use in the Region, royalties...

COLMAR, Pa., July 23, 2024 (GLOBE NEWSWIRE) — Dorman Products, Inc. (“Dorman”) (NASDAQ:DORM) today announced the addition of Alexander S. Whitelam as Vice President, Investor Relations & Risk Management. Alex joins the Company after serving most recently as Head of Investor Relations at SEI Investments Company. Prior to SEI, he held investor relations and other finance-related positions of increasing responsibility at Chesapeake Utilities, AMETEK Inc., Essential Utilities, BNY Mellon, and Wells Fargo. Alex is an IRC (Investor Relations Charter) holder and a long-time member of NIRI: The Association for Investor Relations. “We are excited to welcome Alex to Dorman,” said David Hession, Dorman Senior Vice President and Chief Financial Officer. “His broad experience across various industries will help us continue to expand our...

Farnborough Airshow, UK and AirVenture, Oshkosh, WI, July 23, 2024 (GLOBE NEWSWIRE) — AIRO Group Holdings, Inc. (“AIRO”) a global mid-market aerospace and defense company, and Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) (“Kernel”), are pleased to announce that the proxy/registration statement on Form S-4 filed by AIRO Group, Inc. with the U.S. Securities and Exchange Commission in connection with AIRO and Kernel’s business combination (the “Transaction”) was declared effective by the SEC on July 9, 2024, paving the path toward public listing on Nasdaq. AIRO closed its 2023 books with triple-digit revenue growth over the same period a year earlier. The company’s revenue totaled over $43M in 2023, reflecting a substantial growth of 153% compared to the preceding year. AIRO’s Electric Air Mobility division pushed into...

RYE, N.Y., July 23, 2024 (GLOBE NEWSWIRE) — The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) announces the completion of its transferable rights offering (the “Offering” or “Offer”). Preliminary results indicate that the Fund will issue approximately 4.8 million shares of common stock, resulting in gross proceeds to the Fund of approximately $24 million (including over-subscription requests and notices of guaranteed delivery). Pursuant to the Offer, the Fund issued one transferable right (a “Right”) for each share of common stock held by shareholders of record (record date shareholders) as of June 28, 2024. Holders of Rights were entitled to purchase shares of common stock by submitting four Rights and $5.00 for each share to be purchased (the subscription price). The Offer expired at 5:00 PM...

New UI toolkit enables customers to build data-driven applications up to 90% faster than starting from scratch BURLINGTON, Mass., July 23, 2024 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the availability of Progress® MarkLogic® FastTrack™, a UI toolkit for building data- and search-driven applications to visually explore complex connected data stored in Progress® MarkLogic® platform. Applications built with MarkLogic FastTrack UI toolkit help data users, analysts and decision-makers uncover unique insights and relationships through interactive, user-friendly and visually rich interfaces. While organizations add more diverse data types to provide context for business analytics, they struggle to gain deep insights as most business intelligence tools...

Hollywood’s Favorite Burger Brand Serves Up Spicy and Traditional Chicken Strips LOS ANGELES, July 23, 2024 (GLOBE NEWSWIRE) — Fatburger, the all-American burger chain owned by FAT Brands Inc., is bringing some serious heat for summer with four brand-new menu items. Along with debuting all-new Hand-Breaded Crispy Chicken Strips, the iconic chain is heating things up with Frank’s RedHot®. Nashville Hot Chicken Strips, Nashville Hot Skinny Fries, Fat Fries, Sweet Potato Fries, and Onion Rings, all made with Frank’s RedHot® Nashville Hot Seasoning are now available in addition to Crispy Chicken Strips, starting today, July 23, through Dec. 31 at participating locations. With this hot menu roll-out, Fatburger will be serving up perfectly crispy, hand-breaded Chicken Strips in two variations—Traditional and Nashville Hot...

JAKKS Pacific Announces Launch of Lifestyle Seasonal Line for FallThis exciting collection will feature Element, Roxy and Quiksilver skateboards, helmets and knee pads, alongside Juicy Couture & Roxy roller skates.SANTA MONICA, Calif., July 23, 2024 (GLOBE NEWSWIRE) — JAKKS Pacific, Inc. (NASDAQ: JAKK), a world-leading toy and consumer products manufacturer, announced today the launch of a new line of branded lifestyle products. This exciting collection will feature Element, Roxy and Quiksilver skateboards, helmets and knee pads, alongside Juicy Couture & Roxy roller skates. “This new line in our seasonal division marks a significant step in JAKKS’ strategy to develop products for Millennials and Gen Z expanding into new categories and leveraging additional retail channels,” said Dennis Claussen, SVP Design...

New AI-Powered Solution Enables Real-time Multilingual Translation for Next-Generation CXibex Launches Wave iX TranslateNew AI-Powered Solution Enables Real-time Multilingual Translation for Nex-Gen CXWASHINGTON, July 23, 2024 (GLOBE NEWSWIRE) — ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and AI-powered customer engagement technology solutions, today announced the launch of Wave iX Translate, which breaks through the language barrier to enable real-time customer conversations and interactions in more than 150 languages, without requiring native speakers. Leveraging Wave iX Translate, agents and customers speak or type in their native language, which is then translated in real-time for understanding both parties. With Wave iX Translate, businesses can overcome language barriers...

PALO ALTO, Calif., July 23, 2024 (GLOBE NEWSWIRE) — Scilex Holding Company (Nasdaq: SCLX, “Scilex” or the “Company”), an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain, today announced that it has added to its Board of Directors a highly accomplished leader in interventional and multidisciplinary spine, musculoskeletal and orthopedic care, Annu Navani, M.D. Dr. Navani has served as the Chief Executive Officer of Comprehensive Spine and Sports Center since 2008, a leader in interventional and multidisciplinary spine, musculoskeletal, and orthopedic care. Over the last decade, she has scaled her solo practice into a large multispecialty group with more than twenty service lines operating across multiple state-of-the-art...