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Day: September 27, 2024

Qifu Technology Responds to Short Seller Report

SHANGHAI, China, Sept. 27, 2024 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today issues the following preliminary responses to the key claims made in a report (the “Report”) by Grizzly Research, a short seller, on September 26, 2024. The Company believes that the Report is without merit and contains inaccurate information, flawed analyses, misleading conclusions and interpretations regarding information relating to the Company. Specifically: The SAMR (SAIC) Financial Data Used in the Report is Completely Wrong. The Report makes material mistakes in referring to incorrect financial data (i.e. the combined revenues and net profits) from the filings with the State Administration for Market Regulation (“SAMR”), formerly known as...

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SYLA Reports First-Half 2024 Financial and Operational Results

TOKYO, Sept. 27, 2024 (GLOBE NEWSWIRE) — SYLA Technologies Co., Ltd. (NASDAQ: SYT) (“SYLA” or “the Company”), operator of the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, reported its interim financial results for the six months ended June 30, 2024. Operational Highlights to Date in 2024:  ● Entered into a capital and business alliance agreement with CUMICA CORPORATION (formerly RIBERESUTE CORPORATION) and became the largest shareholder.  ● Subscribed to a third-party allotment of new shares issued by CUMICA CORPORATION (formerly RIBERESUTE CORPORATION).  ● Announced mid-term revenue targets and a growth strategy centered on M&A.  ● Announced an interim dividend of ¥100 per share (approximately $0.68 per share at August 20, 2024 exchange rate of $1.00 = ¥146.47; 1 share = 100 ADRs).  ● Announced...

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Drug Screening Market to Reach Market Valuation of USD 35.18 Billion by 2031 | SkyQuest Technology

Global Drug Screening Market size was valued at USD 10.37 billion in 2023 to USD 35.18 billion by 2031, growing at a CAGR of 16.5% during the forecast period (2024-2031). Westford, USA, Sept. 27, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the Global Drug Screening Market will reach a value of USD 35.18 Billion by 2031, with a CAGR of 16.5% during the forecast period (2024-2031). Drug screening market is speedily progressing with focus on the analysis or testing for the presence of substances and drugs in individuals. It comprises testing methods like saliva, blood, urine and hair and applications like forensic examinations, workplace testing, and clinical diagnostics. The drug screening market is propelled by the growing awareness of substance abuse, workplace safety needs and strict regulations, and improvements in testing...

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Ferrellgas Partners, L.P. Reports Full Fiscal Year and Fourth Quarter Fiscal 2024 Results

LIBERTY, Mo., Sept. 27, 2024 (GLOBE NEWSWIRE) — Ferrellgas Partners, L.P. (OTC: FGPR) (“Ferrellgas” or the “Company”) today reported financial results for its fiscal year (“fiscal 2024”) and the fourth fiscal quarter ended July 31, 2024. For the fourth fiscal quarter, Adjusted EBITDA, a non-GAAP financial measure, increased by $4.6 million, or 16%, to $33.6 million, compared to $29.0 million in the prior year quarter. Gross profit was flat with an increase of $0.4 million. A $7.7 million decrease in general and administrative expense, after adjusting for a $1.8 million decrease in EBITDA adjustments, and a $3.7 million increase in operating expense, were the main drivers of the increase in Adjusted EBITDA for the fourth fiscal quarter as compared to the prior year period. For fiscal 2024, Adjusted EBITDA decreased by $42.8 million,...

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WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY (the “ISSUER”) (a public company incorporated with limited liability in Ireland) NOTICE IN RESPECT OF PROPOSED CHANGE TO THE ISSUING AND PAYING AGENT

27 September 2024 LEI: 2138003QW2ZAYZODBU23 WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY (the “ISSUER”) (a public company incorporated with limited liability in Ireland)  NOTICE IN RESPECT OF PROPOSED CHANGE TO THE ISSUING AND PAYING AGENT Pursuant to the terms of the Agency Agreement, Apex IFS Limited currently acts as the Issuing and Paying Agent (“Apex IFS”) in respect of the Issuer’s Collateralised ETP Securities Programme (the “Programme”). In accordance with Clauses 13.1 and 13.8 of the Agency Agreement, the Issuer wishes to announce that it is proposing to terminate the appointment of Apex IFS under the Agency Agreement and to appoint Apex Fund Services (Ireland) Limited (“Apex Fund Services”) to act as the issuing and paying agent in respect of the Programme on or around Monday 21 October 2024 (the “IPA Change”). The...

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Ocean Power Technologies Ships Multiple Unmanned Surface Vehicles to US Government

Delivery leads to revenue recognition MONROE TOWNSHIP, N.J., Sept. 27, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has shipped for prompt delivery multiple WAM-Vs on a previously announced sole source contract to a Department of the US Government. Delivery of the vehicles leads to revenue recognition. Due to the sensitive nature of this relationship, terms have not been disclosed. This delivery will build on the recent commercial success of OPT’s vehicles and PowerBuoys® for autonomous Maritime Domain Awareness, Counter Unmanned Underwater Vehicles, and Mine Counter Measure Solutions in North America, Sub Saharan Africa, and the Middle East. Philipp Stratmann,...

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Blink Charging Surpasses 100,000 Charger Milestone

Blink’s charging solutions have empowered drivers, hosts, and fleets to transition smoothly to electric transportation, contributing to EV charging infrastructure worldwide. Bowie, Md., Sept. 27, 2024 (GLOBE NEWSWIRE) — Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, today announced it has surpassed 100,000 chargers sold, deployed, or contracted globally. “We’re proud to reach this significant accomplishment through dedicated pursuit of our mission to advance the energy transition through Blink’s innovative charging solutions,” said Brendan Jones, Blink’s President and CEO. “By prioritizing, listening to, and understanding our customers’ needs and expectations, we have learned to strategically tailor...

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HPQ Silica Polvere Fumed Silica Reactor: Commissioning Completed

Pilot plant ready to start producing materials MONTREAL, Sept. 27, 2024 (GLOBE NEWSWIRE) — HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company specializing in the green engineering of silica and silicon-based materials is pleased to announce that HPQ Silica Polvere Inc. (“HSPI”)[1] has reached a major milestone in the commercial validation of its proprietary Fumed Silica Reactor (“FSR”) process. Technology supplier PyroGenesis Canada Inc. (TSX: PYR, OTCQX: PYRGF, FRA: 8PY) (“PyroGenesis”) has informed HSPI that, with the successful completion of the FSR hot blank test, the commissioning of the pilot plant is now complete. “With the pilot plant now ready to produce materials, we are one step closer to providing sample materials for external testing while showcasing the remarkable...

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Sparton Provides Further Information on the VRB Energy–Red Sun Transaction and Announces Commencement of Drilling at the Pense-Montreuil Project

TORONTO, Sept. 27, 2024 (GLOBE NEWSWIRE) — Sparton Resources (TSX-SRI-V), (“the Company”), is pleased to provide additional information that has been brought to our attention regarding the recently announced investment by Red Sun in the Chinese battery production operations of VRB Energy Inc. (or “VRB Energy”) and the establishment of a Joint Venture between Red Sun and VRB Energy’s operating company in China (see Sparton News Release dated 23-09-24). This information should provide additional information and a better understanding of the scope and importance of this investment and its value to the Company. Sparton’s interest in the flow battery industry is a 9.975% interest in VRB Energy held through Sparton’s 90% interest in VanSpar Mining Inc. Full information regarding the history of the Company’s VRB Energy investment is available...

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Venus Concept Announces $15 million Debt-to-Equity Exchange Transaction

Second Substantial Reduction of Existing Debt by Madryn Asset Management in 2024; the Company has reduced its debt balance by 54% year-to-date TORONTO, Sept. 27, 2024 (GLOBE NEWSWIRE) — Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, today announced that, on September 26, 2024, the Company exchanged $15.0 million of its senior debt held by affiliates of Madryn Asset Management, LP (“Madryn”) for 203,583 shares of its Series Y preferred stock. Following this transaction, the Company had total debt obligations of approximately $34.6 million, down 25% from $46.0 million outstanding as of June 30, 2024 and down 54% from $74.9 million outstanding as of December 31, 2023. “We continue to execute on our transformation plan and today’s transaction brings us another step...

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