Month: August 2024

McEwen Mining Announces Closing of Timberline Acquisition

Written by Customer Service on August 19, 2024. Posted in Mergers And Acquisitions.

TORONTO, Aug. 19, 2024 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported the completion of the previously announced acquisition of all the issued and outstanding common shares of Timberline Resources Corporation (TSXV:TBR)(OTCQB:TLRS) (“Timberline”) by way of a merger between Timberline and a wholly-owned subsidiary of McEwen Mining (the “Transaction”). Timberline shareholders overwhelmingly approved the merger with McEwen Mining at Timberline’s special meeting held on August 16th, 2024. “We are pleased to bring Timberline’s assets into McEwen Mining and offer a warm welcome to its shareowners. We aim to move the Eureka project forward on multiple fronts, including additional exploration drilling, permitting activities and development planning,” commented Rob McEwen, Chairman and Chief Owner. “Nevada is...

Fabrinet Announces Fourth Quarter and Fiscal Year 2024 Financial Results

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

Record Fourth Quarter Revenue and Earnings Per Share Exceed GuidanceBANGKOK, Thailand, Aug. 19, 2024 (GLOBE NEWSWIRE) — Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its fourth quarter and fiscal year ended June 28, 2024. Seamus Grady, Chief Executive Officer of Fabrinet, said, “Our strong fourth quarter results capped a remarkable fiscal year, representing our fourth quarter in a row of record revenue, and record earnings per share, both of which were above our guidance ranges. We remain optimistic about our future, with numerous drivers that position us to extend our track record of success into fiscal year 2025.” Fourth Quarter...

Akari Therapeutics Reports Second Quarter 2024 Financial Results and Recent Highlights

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

Samir R. Patel, M.D. Appointed Interim CEO; Interim CEO Employment Contract Demonstrates Alignment with Shareholders Plan for Prioritization of Peak Bio’s ADC Cancer Therapeutic Platform Technology and Akari’s PAS-nomacopan for Geographic Atrophy Existing Investors Support the Company with Issuance of $1 Million in Unsecured Convertible Notes Secured $7.6 Million in Upsized Financing Round Receives Positive and Constructive Pre-IND Feedback from US FDA for PAS-nomacopan in Treatment of Geographic Atrophy BOSTON and LONDON, Aug. 19, 2024 (GLOBE NEWSWIRE) — Akari Therapeutics, Plc (Nasdaq: AKTX), an innovative biotechnology company developing advanced therapies for autoimmune and inflammatory diseases, has reported financial results for the second quarter ended June 30, 2024 as well as recent company highlights. “Moving into my...

Cue Biopharma Reports Second Quarter 2024 Financial Results and Recent Business Highlights

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

BOSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) — Cue Biopharma, Inc. (Nasdaq: CUE), a clinical-stage biopharmaceutical company developing a novel class of therapeutic biologics to selectively engage and modulate disease-specific T cells, provided a business and financial update for the second quarter 2024. Recent Business HighlightsDelivered oral presentation on updated data from ongoing Phase 1(b) trial of CUE-101 as a first line (1L) therapy in human papillomavirus positive (HPV+) recurrent/metastatic head and neck squamous cell carcinoma (R/M HNSCC), with standard of care (SOC) checkpoint inhibitor (CPI) KEYTRUDA® (pembrolizumab) and as a monotherapy in second line and beyond (2L+) HPV+ R/M HNSCC, as well as a poster presentation on CUE-102 in Wilms’ Tumor 1 (WT1) positive cancers at the 2024 American Society of Clinical Oncology...

180 Degree Capital Corp. Reports Net Asset Value Per Share (“NAV”) of $4.50 as of June 30, 2024

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

MONTCLAIR, N.J., Aug. 19, 2024 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital” and the “Company”), today reported its financial results as of June 30, 2024, and noted additional developments from the third quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. “Our portfolio holdings were not immune to the market turmoil that resumed in Q2 2024, particularly for small and microcapitalization stocks,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “Capital continues to flow out of small and microcapitalization stocks and into a small number of large capitalization companies. I’ve seen similar periods of dislocation like this during my 35-plus-year career. If history repeats itself, at some...

ECD Auto Design Reports Second Quarter 2024 Financial Results; Revenues Increase 129% to Record $8.9 Million

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

Q2 2024 Maintains Strong Gross Margins While Revenue More Than Doubles, Drives Adjusted EBITDA of $0.4 Million Company’s Reaffirms Full Year 2024 Revenue Guidance of $33.0 Million KISSIMMEE, Fla., Aug. 19, 2024 (GLOBE NEWSWIRE) — ECD Automotive Design, Inc. (Nasdaq: ECDA) (“ECD” or the “Company”), the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, announced today its financial results for the second quarter ended June 30, 2024. Company HighlightsRevenues increased 129% to $8.9 million in the second quarter of 2024, compared to $3.9 million in the same year-ago quarter. Growth was driven by increased volume, higher average selling price and increased used vehicle sales versus a year ago. Gross...

NORBIT – Share issue in connection with incentive programs to employees

Written by Customer Service on August 19, 2024. Posted in Public Companies.

Trondheim, 19 August 2024: Reference is made to the stock exchange notice dated 4 July 2022 where the Board of Directors of NORBIT ASA (the ‘Company’) decided to approve incentive share purchase programs for all eligible employees in the NORBIT group of companies. Under the share matching program, employees were offered the opportunity to acquire shares at market value, and in turn, obtain a right to receive compensation in new shares equivalent to their invested amount after 24 months if certain conditions were met. Under said program, the Board of Directors has decided to award shares to eligible employees who participated in the share matching program in 2022. In connection with the share issue, the Board of Directors of the Company has resolved to increase the Company’s share capital by NOK 9,083.40 through the issuance of 90,834...

Embassy Bancorp, Inc. Announces Results of Operations as of and for the Three and Six Months ended June 30, 2024

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

BETHLEHEM, Pa., Aug. 19, 2024 (GLOBE NEWSWIRE) — On August 12, 2024, Embassy Bancorp, Inc. (OTCQX: EMYB) (the “Company”) filed its Quarterly Report on Form 10-Q for the period ended June 30, 2024, a copy of which can be found at https://investors.embassybank.com/sec-filings/documents/default.aspx. Highlights of the filing, which includes consolidated financial information of the Company and Embassy Bank For the Lehigh Valley (the “Bank”), the Company’s wholly-owned subsidiary, include:Total assets surpassed $1.7 billion. Cash and cash equivalents on hand of $135.9 million at June 30, 2024, or 7.9% of total assets. Deposits of $1.6 billion at June 30, 2024, an increase of $91.4 million from $1.5 billion at December 31, 2023. Non-interest bearing deposits increased $23.1 million during this same period. The Company does not have...

Strategic Earn-In Agreement on the Oza Field to Fund Production Growth

Written by Customer Service on August 19, 2024. Posted in Public Companies.

CALGARY, Alberta, Aug. 19, 2024 (GLOBE NEWSWIRE) — Decklar Resources Inc. (TSX-V: DKL) (OTC: DKLRF) (FSE: A1U1) (the “Company” or “Decklar”) is pleased to announce the execution of a Strategic Development Agreement (“SDA”) with a consortium of technical and financial services providers (the “TSP”), to advance the development of the Oza Field in Nigeria. Under the terms of the SDA, the TSP will earn up to a thirty-five percent (35%) economic interest in the Oza Field from Decklar’s economic interest by providing the necessary funding and technical services for the workover of the Oza-4 well, the side-tracking of the Oza-2 well and the drilling of two (2) new wells. The SDA is structured to align the interests of both parties, with the TSP’s earn-in phased and linked directly to the achievement of specific drilling work and production...

Scorpius Holdings, Inc. Announces Closing of Public Offering

Written by Customer Service on August 19, 2024. Posted in Public Companies.

DURHAM, N.C., Aug. 19, 2024 (GLOBE NEWSWIRE) — Scorpius Holdings, Inc. (NYSE American: SCPX), (“Scorpius”, or the “Company”), an integrated contract development and manufacturing organization (CDMO), today announced the closing of its underwritten public offering of 14,375,000 shares of common stock (and/or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof), including full exercise of the underwriter’s over-allotment option. Each share of common stock (or Pre-Funded Warrant) was offered at a public offering price of $1.00 per share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of $14,375,000, before deducting underwriting discounts and offering expenses. The Company intends to use the net proceeds of the offering to fund working capital and for general corporate purposes. ThinkEquity acted as...

Month: August 2024

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