Day: September 12, 2024

Host Hotels & Resorts Announces Third Quarter Dividend

BETHESDA, Md., Sept. 12, 2024 (GLOBE NEWSWIRE) — Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, today announced that its board of directors authorized a regular quarterly cash dividend of $0.20 per share. The dividend is payable on October 15, 2024, to stockholders of record as of September 30, 2024. ABOUT HOST HOTELS & RESORTSHost Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 76 properties in the United States and five properties internationally totaling approximately 43,400 rooms. The Company also holds non-controlling interests in seven domestic and one international joint ventures. SOURAV...

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Singular Genomics Receives Non-Binding Acquisition Proposal from Deerfield

SAN DIEGO, Sept. 12, 2024 (GLOBE NEWSWIRE) — Singular Genomics Systems, Inc. (Nasdaq: OMIC), a company leveraging novel next-generation sequencing (NGS) and spatial multiomics technologies to empower researchers and clinicians, announced today that it has received a non-binding proposal from Deerfield Management Company, L.P. and certain affiliated funds (collectively, “Deerfield”), to acquire all of the Company’s outstanding shares of common stock that are not already owned by Deerfield for $10.00 per share in cash. Deerfield, an existing stockholder of the Company, indicated in its letter that it intends to invite other major stockholders and existing management to rollover their shares of common stock into the new company. The Company’s board of directors previously formed a special committee of independent directors (the “Special...

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Logan Energy Corp. Announces Duvernay Land Position, Accelerated Pouce Coupe Development, Preliminary 2025 Budget, $30 Million Equity Offering and Committed Credit Facilities of $125 Million

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CALGARY, Alberta, Sept. 12, 2024 (GLOBE NEWSWIRE) — Logan Energy Corp. (TSXV: LGN) (“Logan” or the “Company“) is pleased to announce the details of its Duvernay land position, which represents a new play type comprised of highly economic drilling inventory, and the acceleration of full field development at Pouce Coupe, including the construction of a 40 mmcf/d gas plant and associated infrastructure. In addition, the Company is pleased to announce its expanded 2024 budget and a fully funded preliminary budget for 2025, which will deliver 82% growth in Adjusted Funds Flow per share. Logan is also pleased to announce an equity...

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HeartSciences Provides Business Update and Reports First Quarter Fiscal 2025 Financial Results

Southlake, TX, Sept. 12, 2024 (GLOBE NEWSWIRE) — Heart Test Laboratories, Inc. d/b/a HeartSciences (Nasdaq: HSCS; HSCSW) (“HeartSciences” or the “Company”), an artificial intelligence (AI)-powered medical technology company focused on transforming ECGs/EKGs to save lives through earlier detection of heart disease, today reported financial results for the first quarter fiscal 2025 ended July 31, 2024 and provided a business update. First Fiscal Quarter 2025 Highlights: During the first quarter of fiscal year 2025 (“Q1 FY2025”), HeartSciences has seen material progress for both its MyoVista wavECGTM device, MyoVista InsightsTM cloud-platform and associated first cloud-based AI-ECG algorithm. A summary of the main changes and business highlights during Q1 FY2025 include: HeartSciences is uniquely developing...

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Apollo Funds Acquire Freedom CNG, a Leading Provider of Renewable Natural Gas Fueling Infrastructure

HOUSTON and NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have acquired a majority interest in Freedom CNG (“Freedom”), an owner and operator of compressed natural gas (CNG) and renewable natural gas (RNG) fueling infrastructure in Texas. Founded in 2012, Freedom operates a fast-growing network of high capacity fueling stations in strategic, highly trafficked locations in the Houston Metro area, providing RNG to customers including leading logistics and transportation companies, refuse companies, municipalities, school districts and other high-volume fuel users in support of their decarbonization objectives. Apollo Partner Scott Browning said, “Freedom has developed a strong portfolio of RNG fueling stations with meaningful growth potential driven by...

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Tilray Brands Completes Acquisition of Atwater Brewery From Molson Coors Beverage Company

NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) — Tilray Brands, Inc. (“Tilray”, “our”, “we” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a global lifestyle and consumer packaged goods company, has successfully completed the previously announced acquisition of Atwater Brewery, from Molson Coors Beverage Company (“Molson Coors”) (NYSE: TAP). Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands, said, “Atwater Brewery is a renowned craft brewery with a rich history and a loyal following in Michigan. This acquisition expands our reach in the Great Lakes region and further strengthens our position in the craft beer industry. We are excited to welcome Atwater Brewery to Tilray Brands and are committed to leveraging our expertise and resources to drive growth, expand distribution, and provide beer lovers with access...

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Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-month period ended June 30, 2024

GLYFADA, Greece, Sept. 12, 2024 (GLOBE NEWSWIRE) — Globus Maritime Limited (“Globus”, the “Company”, “we”, or “our”) (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated financial results for the second quarter and six-month period ended June 30, 2024. Revenue $9.5 million in Q2 2024 $17.2 million in H1 2024 Net income $3.3 million net income in Q2 2024 $3 million net income in H1 2024 Adjusted EBITDA $4 million in Q2 2024 $6 million in H1 2024 Time Charter Equivalent $14,578 per day in Q2 2024 $13,246 per day in H1 2024 Current Fleet ProfileAs of the date of this press release, Globus’ subsidiaries own and operate seven dry bulk carriers, consisting of one Supramax, four Kamsarmax and two Ultramax. Vessel Year Built Yard Type Month/Year Delivered DWT Flag River Globe 2007 Yangzhou...

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IBEX Announces Record Fourth Quarter and Fiscal Year 2024 Financial Results

Record full-year Net Income, EPS, Adjusted Net Income, Adjusted EPS, and Free Cash Flow 18 new client relationships won primarily with retail, healthcare, and gaming companies, compared to 10 in the prior year Repurchased 1.3 million shares at a total cost of $21.7 million during fiscal year 2024, representing 7.8% of our shares outstanding at June 30, 2024   WASHINGTON, Sept. 12, 2024 (GLOBE NEWSWIRE) — IBEX Limited (“ibex”), a leading provider in global business process outsourcing and end-to-end customer engagement technology solutions, today announced financial results for its fourth quarter and fiscal year ended June 30, 2024.  ($ millions, except per share amounts) Three months endedJune 30,   Twelve months endedJune 30,   2024       2023     Change     2024       2023     Change Revenue $ 124.5     $ 124.4     0.1 %   $ 508.6     $ 523.1     (2.8)% Net...

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Farmer Brothers reports fourth quarter and full year fiscal 2024 financial results

Fiscal year 2024 gross margin increase of 560 basis points year-over-year to 39.3%Reported full year net loss of $3.9 million, increased full year adjusted EBITDA1 to $558,000Fiscal 2024 net sales of $341.1 million FORT WORTH, Texas, Sept. 12, 2024 (GLOBE NEWSWIRE) — Farmer Bros. Co. (NASDAQ: FARM) today reported its fourth quarter and full year fiscal 2024 financial results for the period ended June 30, 2024. The company filed its Form 10-K, which can be found on the Investor Relations section of the company’s website. “This past year was a transformative one for Farmer Brothers,” said President and Chief Executive Officer John Moore. “The decision to sell our direct ship business and focus on our more profitable DSD business helped significantly improve our gross margins and drive adjusted EBITDA profitability and overall operational...

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Toll Brothers Announces New 55+ Active-Adult Community at The Pinehills in Plymouth, Massachusetts

PLYMOUTH, Mass., Sept. 12, 2024 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the opening of its newest 55+ active-adult community, Toll Brothers at The Pinehills – Owls Nest – Regency Collection, in Plymouth, Massachusetts. This enclave of only 44 single-family homes offers low-maintenance living and onsite amenities exclusively for Owls Nest residents, plus access to the amenities and charm of The Pinehills master plan. The Toll Brothers Sales Center is located within The Pinehills community at 8 Owls Nest in Plymouth.  Home buyers can choose from four brand-new one- and two-story home designs ranging from 2,133 to over 3,300 square feet. Toll Brothers homes in the Regency Collection at Owls Nest feature thoughtfully designed floor plans with first-floor...

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