August 14, 2024 – Page 2

Jet.AI Reports Second Quarter 2024 Financial Results

Written by Customer Service on August 14, 2024. Posted in Earnings Releases And Operating Results.

LAS VEGAS, Aug. 14, 2024 (GLOBE NEWSWIRE) — Jet.AI (the “Company”) (Nasdaq: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, today announced financial results for the second quarter ended June 30, 2024. Second Quarter 2024 and Recent Operational Highlights Launched DynoFlight 2.0 platform, an advanced AI web-based solution for aviation carbon management Commenced and successfully completed exchange offer and consent solicitation relating to its outstanding warrants Announced AI-Powered Jet Card with Empty Leg Benefit, as a result of Reroute AI Announced non-recourse debt financing related to the proposed purchase of Bombardier Challenger 3500 aircraft Released the National Jet Card Program which offers all categories of private jet for service within the continental U.S., guaranteed rates, guaranteed...

Range Impact Reports 2Q 2024 Financial Results

Written by Customer Service on August 14, 2024. Posted in Public Companies.

CLEVELAND, OHIO, Aug. 14, 2024 (GLOBE NEWSWIRE) — Range Impact, Inc. (OTC: RNGE) (“Range Impact”), a public impact investing company dedicated to acquiring, reclaiming and repurposing mine sites in Appalachia, reported its results for the second quarter ended June 30, 2024. Range Impact’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 was filed with the Securities and Exchange Commission on August 14, 2024 and is available for viewing at https://rangeimpact.com/investors/. Since the information provided in this press release is limited to selected financial and operational information, shareholders and interested parties are encouraged to read Range Impact’s full Form 10-Q available on its website. Michael Cavanaugh, Range Impact’s CEO, stated, “Our second quarter revenue in 2024 declined relative to our second...

RevoluGROUP Canada Inc. announces the welcome of an Interim CEO, Interim Chairman and two New Directors, and the resignation of the current members of the board of directors

Written by Customer Service on August 14, 2024. Posted in Public Companies.

Vancouver, BC, Aug. 14, 2024 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2), (Munich: A2PU92) (the “Company”) today announced the naming of an Interim CEO & Director, Erik Aaron Lara Riveros, of the interim Chairman, Yoel Rosenheck, and of two new Directors, Gavin McMillan and Mab Shahriar, and announces the resignation of the actual members of the board of directors. The Company also confirms the CAD $7 million private placement from Meridien Holdings LLC led by the new board of directors. The company acknowledges the services of the outgoing board of directors and welcomes the new members of the board After the period of time, from to the resignation of the previous CEO and the Chairman, the remaining members of the board, Fernando Guillen, Francisco Balboa and Alfredo Manresa, have...

Marathon Digital Holdings, Inc. Completes $300 Million Offering of 2.125% Convertible Senior Notes Due 2031, Purchases $249 Million of Bitcoin

Written by Customer Service on August 14, 2024. Posted in Public Companies.

Fort Lauderdale, FL, Aug. 14, 2024 (GLOBE NEWSWIRE) — Marathon Digital Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced the closing of its offering of 2.125% convertible senior notes due 2031 (the “notes”). The aggregate principal amount of the notes sold in the offering was $300 million, which includes $50 million aggregate principal amount of notes issued pursuant to an option to purchase, within a 13-day period beginning on, and including, the date on which the notes were first issued, granted to the initial purchasers under the purchase agreement, which the initial purchasers exercised in full on August 13, 2024 and which additional purchase was completed on August 14, 2024. The notes were sold in a private offering...

Eledon Pharmaceuticals Reports Preliminary Second Quarter 2024 Operating Results

Written by Customer Service on August 14, 2024. Posted in Public Companies.

Presented updated data on 13 participants from ongoing Phase 1b trial evaluating tegoprubart for prevention of rejection in kidney transplantation 80 participants (two-thirds of projected recruitment) enrolled in Phase 2 BESTOW trial Completed an oversubscribed $50 million private placement; Company expects sufficient liquidity through December 2025 IRVINE, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) — Eledon Pharmaceuticals, Inc. (“Eledon”) (Nasdaq: ELDN) today reported recent business highlights for its second quarter 2024. “We have entered the second half of the year with a strong balance sheet following our oversubscribed $50 million private placement and we are highly encouraged by the progress and reception from the transplant community for our Phase 2 BESTOW trial, which remains on track to complete enrollment by the end of this...

Daily Journal Corporation Announces Financial Results for the nine months ended June 30, 2024

Written by Customer Service on August 14, 2024. Posted in Earnings Releases And Operating Results.

LOS ANGELES, Aug. 14, 2024 (GLOBE NEWSWIRE) — During the nine months ended June 30, 2024, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $50,058,000 as compared to $46,159,000 in the prior year period. This increase of $3,899,000 was primarily from increases in (i) Journal Technologies’ license and maintenance fees of $3,438,000, and other public service fees of $1,251,000, partially offset by decreased consulting fees of $1,209,000, and (ii) the Traditional Business’ advertising revenues of $441,000. The Traditional Business’ pretax income decreased by $711,000 to $1,601,000 from $2,312,000 in the prior fiscal year period. This decrease was primarily from increased accrued personnel costs of $1,030,000, partially offset by an increase in revenues of $419,000 and a larger reduction of $585,000 to the long-term...

SB Financial Group and Marblehead Bancorp Announce Agreement to Merge

Written by Customer Service on August 14, 2024. Posted in Mergers And Acquisitions.

State Bank and Trust Company expands footprint to Ottawa County, Ohio DEFIANCE, Ohio and MARBLEHEAD, Ohio, Aug. 14, 2024 (GLOBE NEWSWIRE) — SB Financial Group, Inc. (NASDAQ: SBFG) (“SB Financial”), parent company of The State Bank and Trust Company (“State Bank”), and Marblehead Bancorp (“Marblehead”), parent company of The Marblehead Bank (“Marblehead Bank”), today jointly announced entry into a definitive agreement pursuant to which Marblehead will be combined with SB Financial and Marblehead Bank will merge with and into State Bank. The merger agreement was unanimously approved by the Boards of Directors of both bank holding companies and their subsidiary banks. Under the terms of the merger agreement, shareholders of Marblehead Bancorp will receive $196.31 in cash in exchange for each share of Marblehead Bancorp common stock...

Atlas waives acceptance level and regulatory approvals conditions and extends offer period as required under applicable laws until August 22, 2024

Written by Customer Service on August 14, 2024. Posted in Mergers And Acquisitions.

Luxembourg, Aug. 14, 2024 (GLOBE NEWSWIRE) — This announcement is not an offer, whether directly or indirectly, in Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or Russia or in any other jurisdiction where such offer would be prohibited by applicable law pursuant to legislation, restrictions and regulations in the relevant jurisdiction. Shareholders not resident in Sweden or the United States who wish to accept the Offers (as defined below) must make inquiries concerning applicable legislation and possible tax consequences. Shareholders should refer to the offer restrictions included in the section titled “Important notice” at the end of this announcement and in the Offer to Purchase (as defined below) which has been published on the website for the Offers (www.atlas-investissement.com/en/offers)....

Wesdome Reports Second Quarter 2024 Financial Results

Written by Customer Service on August 14, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, Aug. 14, 2024 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX:WDO, OTCQX:WDOFF) (“Wesdome” or the “Company”) today announced its results for the three and six months ended June 30, 2024 (“Q2 2024” and “H1 2024”) and for the three and six months ended June 30, 2023 (“Q2 2023” and “H1 2023”). Preliminary operating results for Q2 2024 and H1 2024 were disclosed on July 9, 2024. Management will host a conference call tomorrow, Thursday, August 15 at 10:00 a.m. Eastern Time to discuss this quarter’s results. All amounts are expressed in Canadian dollars unless otherwise indicated Q2 2024 Highlights Consolidated gold production was 44,035 ounces at cash costs per ounce1 of $1,286 (US$940) and all-in sustaining costs (“AISC”) per ounce1 of $1,977 (US$1,445). Net income increased to $29.1 million, or $0.19 per share, an increase...

SolarMax Technology Reports Second Quarter 2024 Financial Results

Written by Customer Service on August 14, 2024. Posted in Public Companies.

RIVERSIDE, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) — SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, today reported financial results for the quarter ended June 30, 2024. Second Quarter Highlights Revenue: $4.5 million, compared to $14.8 million in Q2 2023. Gross profit: $0.6 million, compared to $2.1 million in Q2 2023. Total operating expense: $3.0 million, compared to $3.0 million in Q2 2023. Net loss: $2.2 million ($0.05 per share), compared to a net loss of $1.9 million ($0.05 per share) in Q2 2023. David Hsu, CEO of SolarMax, stated, “Our second quarter performance reflects some of the same external factors that influenced our first quarter. Last year’s exceptionally high revenues were largely driven by an unusual surge in demand as residential customers accelerated...

Day: August 14, 2024

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