Month: September 2024
Exceeded Revenue and Adjusted EBITDA Guidance for Q2 2024. Continued Improvement in Business Momentum in Q2 2024.
Record Low Cash Consumption in 1H 2024.
Raised FY24 Revenue Guidance Underscores Confidence in Business Trajectory. Reiterates Expectation for Free Cash Flow Breakeven in FY 2024.
NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) — Rent the Runway, Inc. (“Rent the Runway” or “RTR”) (NASDAQ: RENT), transforming the way women get dressed by pioneering the world’s first Closet in the Cloud, today reported financial results for the fiscal quarter ended July 31, 2024.
Fiscal Second Quarter and Recent Business HighlightsImproved free cash flow consumption of $6M for the six months ending July 31, 2024, which is $24M lower than the six months ending July 31, 2023 and $48M lower than the six months ending July 31, 2022....
Wytec International, Inc. Announces Private Offering in Preparation for Completing Its Patented Gunshot/Sensor Detection Technology While Uplisting to the Nasdaq Capital Market Under Ticker “WYTC”
Written by Customer Service on . Posted in Public Companies.
Wytec“Preventing the Unthinkable”SAN ANTONIO, TX, Sept. 05, 2024 (GLOBE NEWSWIRE) — Wytec International, Inc. (OTCQB: WYTC), an Artificial Intelligence (AI) 5G company, announced today the commencement of its SEC 506(c) 9.5% $10,000,000 Convertible Secured Note Offering (Secured by its Patents), utilized to complete the funding of its AI Gunshot/Sensor technology in support of protecting America’s children from increased shooter violence and detecting harmful drugs infiltrating U.S. Independent School Districts (ISDs) across America and Internationally. The AI/Sensor technology includes the engagement of multiple national and international vendors participating in the Company’s Pilot Project in support of 40 Texas ISDs requesting to participate in Wytec’s pilot program. “The Company’s initial lab results (over...
Atlantic International Corp. Expands Footprint with New Temple, TX Location
Written by Customer Service on . Posted in Public Companies.
ENGLEWOOD CLIFFS, N.J., Sept. 05, 2024 (GLOBE NEWSWIRE) — Atlantic International Corp. (“Atlantic”) (OTC: ATLN), a leading provider of strategic staffing outsourced services and workforce solutions, today announced a new location in Temple, TX for its subsidiary Lyneer Staffing Solutions, marking a significant milestone in the company’s strategic expansion.
This latest addition to Lyneer’s network will support a leading industrial automation company. It underscores Lyneer’s commitment to forging partnerships with key industry players and reinforcing its dedication to providing cutting-edge workforce solutions that optimize productivity and fuel client growth.
Lyneer Staffing Solutions’ CEO, Todd McNulty, commented on the expansion: “Our new Temple, TX location represents a pivotal step in strengthening our regional...
iLearningEngines Announces Further Response to Short Report
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BETHESDA, Md., Sept. 05, 2024 (GLOBE NEWSWIRE) — iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines” or “ILE”) a leader in AI-powered learning and work automation for enterprises, today announced that the Company’s Board of Directors has formed a Special Committee consisting of independent directors to investigate allegations raised recently by a short-seller report. The Special Committee has engaged legal counsel from Paul Hastings LLP to conduct an independent investigation at the behest and exclusive direction of the Special Committee.
Although the Company’s independent auditors conduct periodic audits in accordance with PCAOB standards and have issued clean audit opinions with respect to their past audits, the Special Committee believes that conducting its own independent investigation into these issues is in the best...
Integrated Power Services Acquires B&B Transformer
Written by Customer Service on . Posted in Mergers And Acquisitions.
Oil-filled, Distribution Class Transformer Expertise & Voltage Regulator Repair Services Added to IPS’s Growing Power Management BusinessB&B Transformer was acquired by Integrated Power Services (IPS), effective August 13, 2024.The new B&B Transformer logo now includes the phrase, “AN IPS COMPANY.”Greenville, SC, Sept. 05, 2024 (GLOBE NEWSWIRE) — Integrated Power Services (IPS), a leading solutions provider for electromechanical, rotating equipment, and power distribution systems across North America, the United Kingdom, and the Caribbean, is pleased to announce the acquisition of B&B Transformer, a well-established remanufacturer of oil-filled, distribution class transformers, located in Farmington, MN, effective August 13, 2024.
“This strategic acquisition strengthens IPS’s power...
Berlin Packaging expands to Japan with the acquisition of Nissho Jitsugyo
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Acquisition expands the company’s local footprint in Asia-Pacific and offers exciting new packaging solutions to customers worldwide
CHICAGO, Sept. 05, 2024 (GLOBE NEWSWIRE) — Berlin Packaging, the world’s largest Hybrid Packaging Supplier®, announced today the acquisition of Nissho Jitsugyo Co., Ltd. (“Nissho”), a leading supplier of packaging products and services to diverse markets and regions across Japan.
Founded in 1965 in Osaka, Japan, Nissho offers a broad portfolio of packaging solutions to a diverse base of Japanese customers in local food & beverage, beauty, personal care, and healthcare markets. Built on 60 years of operational expertise and deep market knowledge, Nissho serves thousands of local customers from multiple locations across eastern, western, and southern Japan.
Nissho’s impressive suite...
AYR Wellness Secures Conditional Approval to Establish Vertical Medical Cannabis Operations in Virginia
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MIAMI, Sept. 05, 2024 (GLOBE NEWSWIRE) — AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, today announced that it was awarded conditional approval to serve as a pharmaceutical processor by the Virginia Cannabis Control Authority (“CCA”) for Virginia’s Health Service Area 1 (“HSA 1”). HSA 1 encompasses various cities and counties in Virginia, including Charlottesville, Fredericksburg, Spotsylvania, and Stafford.
“We’re proud to have earned the opportunity to serve patients in Virginia, particularly in a region of ~1.5 million people that has lacked access to medical cannabis for some time,” said David Goubert, President & CEO of AYR. “This is an exciting moment for AYR, reflective of our continued efforts towards building our business...
Airship AI Announces Closing of $8.0 Million Public Offering
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REDMOND, Wash., Sept. 05, 2024 (GLOBE NEWSWIRE) — Airship AI Holdings, Inc. (NASDAQ: AISP) (“Airship AI” or the “Company”), a leader in AI-driven video, sensor, and data management surveillance solutions, announced the closing of its previously announced public offering with net proceeds to the Company of approximately $7.04 million, after deducting placement agent fees and offering expenses. The offering consisted of 2,882,883 shares of its common stock and warrants to purchase up to an aggregate of 2,882,883 shares of its common stock at a combined public offering price $2.775 per share and associated common warrant in a registered direct offering priced at-the-market under Nasdaq rules. Each share of common stock was sold together with one warrant to purchase one share of common stock. The warrants have an exercise price of...
Simulated Environment Concepts, Inc. Executes a Letter of Intent (LOI) Concerning a Prospective Merger With CMR Construction & Roofing, LLC, Recognized as One of the Leading Roofing Firms in North America
Written by Customer Service on . Posted in Mergers And Acquisitions.
NASHVILLE, TN, Sept. 05, 2024 (GLOBE NEWSWIRE) — Simulated Environment Concepts, Inc. (OTC: SMEV or Simulated) and CMR Construction & Roofing LLC (referred to as “CMR”) are pleased to announce the execution of a Letter of Intent (LOI) targeted at Strategic Business Combination potentially merging Simulated with CMR, one of the Top 10 roofing companies in the country.
The objective of this proposed merger is to establish a diversified construction company focused on enhancing shareholder value through investments in and acquisitions of innovative construction businesses that prioritize responsible risk management and provide practical solutions to global challenges in the construction and roofing industries. Further, this merger targets to incorporate an enhanced business model that includes increased revenues...
Immuron Plans Phase 2 Trial for IMM-529 following FDA review
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Key PointsImmuron completes pre-IND meeting with FDA on the development of IMM-529 as product to specifically prevent or treat Clostridioides difficile infection (CDI)
Previous clinical trial data on IMM-529 provides support for continued development of IMM-529
Investigational new drug (IND) application for IMM-529 planned for 1H 2025MELBOURNE, Australia, Sept. 05, 2024 (GLOBE NEWSWIRE) — Immuron Limited (ASX: IMC; NASDAQ: IMRN), an Australian based and globally integrated biopharmaceutical company, is pleased to announce that it has received favourable feedback from the United States Food and Drug Administration (FDA) on the pre-IND (investigational new drug) information package to support the clinical development of IMM-529.
Following the FDA’s guidance and feedback, the Company now plans to file an investigational new drug...
