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Day: November 11, 2024

Integrated Rail and Resources Acquisition Corp. Announces Postponement of Special Meeting of Stockholders

WINTER PARK, Fla. , Nov. 11, 2024 (GLOBE NEWSWIRE) — Integrated Rail and Resources Acquisition Corp. (OTC: IRRX) (“IRRX”), today announced that in furtherance of its business objectives and publicly announced proposed business combination, the Company has determined to postpone its special meeting of stockholders, originally scheduled to be held on Tuesday, November 12, 2024 to Thursday, November 14, 2024 at 10:00 am Eastern Time. As a result of the postponement of the special meeting of stockholders, any stockholder seeking to demand redemption in connection with the Extension Amendment Proposal on the agenda for the special meeting must submit its written request to the transfer agent in accordance with the procedure specified in the proxy statement delivered to the Company’s stockholders in connection with the special meeting...

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Grab Reports Third Quarter 2024 Results

Revenue grew 17% year-over-year, or 20% on a constant currency basis to $716 million On-Demand GMV grew 15% year-over-year, or 18% on a constant currency basis to $4.7 billion Profit for the quarter was positive at $15 million Adjusted EBITDA improved by $62 million year-over-year to an all-time high of $90 million Operating Cash Flow of $338 million in the third quarter, and Adjusted Free Cash Flow of $76 million on a trailing 12-month basisSINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) — Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the third quarter ended September 30, 2024. “Third quarter 2024 was a strong quarter for us as investments we made across the business drove an acceleration of our On-Demand GMV growth. We are serving more users than ever before, with 42 million Monthly Transacting...

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Startup Creator Agency GPOP Merges With Award Winning Media and Creator Company Underknown

GPOP Merges with UnderknownWebby-award-winning, digital-first media company, Underknown, announced today that it has completed a merger to onboard the independent creator media agency, GPOP. This strategic move brings together Underknown’s innovative content expertise, and GPOP’s dynamic agency capabilities, to enhance offerings and expand opportunities for both companies and their partners.TORONTO, Nov. 11, 2024 (GLOBE NEWSWIRE) — Webby-award-winning, digital-first media company, Underknown, announced today that it has completed a merger to onboard the independent creator media agency, GPOP. This strategic move brings together Underknown’s innovative content expertise, and GPOP’s dynamic agency capabilities, to enhance offerings and expand opportunities for both companies and their partners. The deal brings GPOP into...

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NEXGEL Announces $2,000,000 Registered Direct Offering

LANGHORNE, Pa., Nov. 11, 2024 (GLOBE NEWSWIRE) — NEXGEL, Inc. (“NEXGEL” or the “Company”) (NASDAQ: NXGL), a leading provider of medical and over-the-counter (OTC) products including ultra-gentle, high-water-content hydrogels for healthcare and consumer applications, today announced it has entered into definitive agreements for the issuance and sale of an aggregate of 727,272 of its shares of common stock and the issuance of warrants to purchase up to an aggregate of 363,636 shares of common stock for a combined offering purchase price of $2.75 per share of common stock in a registered direct offering. The warrants will have an exercise price of $4.25 per share and be exercisable immediately upon issuance and have a term of five years from the date of issuance. NEXGEL insiders, including members of the management team and Board...

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Crown Point Announces Operating and Financial Results for the Three and Nine Months Ended September 30, 2024

CALGARY, Alberta, Nov. 11, 2024 (GLOBE NEWSWIRE) — TSX-V: CWV: Crown Point Energy Inc. (“Crown Point”, the “Company” or “we“) today announced its financial and operating results for the three and nine months ended September 30, 2024. Selected information is outlined below and should be read in conjunction with the Company’s September 30, 2024 unaudited condensed interim consolidated financial statements and management’s discussion and analysis (“MD&A”) that are being filed with Canadian securities regulatory authorities and will be made available under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.crownpointenergy.com. All dollar figures are expressed in United States dollars (“USD”) unless otherwise stated. In the following discussion, the three months ended September...

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Archrock Reports Third Quarter 2024 Results and Raises Full Year 2024 Financial Guidance

HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the third quarter 2024. Third Quarter 2024 HighlightsRevenue for the third quarter of 2024 was $292.2 million compared to $253.4 million in the third quarter of 2023. Net income for the third quarter of 2024 was $37.5 million and earnings per share (“EPS”) was $0.22, compared to $30.9 million and $0.20, respectively, in the third quarter of 2023. Adjusted net income (a non-GAAP measure defined below) for the third quarter of 2024 was $47.3 million and adjusted EPS (a non-GAAP measure defined below) was $0.28, compared to $30.9 million and $0.20, respectively, in the third quarter of 2023. Adjusted EBITDA (a non-GAAP measure defined below) for the third quarter of 2024 was $150.9 million compared to $120.2 million in the...

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Nexus Industrial REIT Announces Third Quarter 2024 Financial Results

Industrial weighting increasing as legacy assets are sold Net Operating Income grows 11.0% as recent investments yield returns TORONTO, Nov. 11, 2024 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the third quarter ended September 30, 2024. “This quarter we continued to execute against our plan, and I am thrilled with our progress.” said Kelly Hanczyk, CEO of Nexus Industrial REIT. “We sold our Old Montreal office portfolio and have our legacy retail and non-core industrial properties under firm sales contracts that are expected to close by the end of the year. These dispositions strengthen our balance sheet and also advance our strategy as a Canada-focused, pure-play industrial REIT. “Industrial assets now contribute 94% of our NOI on a proforma basis, and our concentration...

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Team, Inc. Reports Third Quarter 2024 Results

SUGAR LAND, Texas, Nov. 11, 2024 (GLOBE NEWSWIRE) — Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights:Generated revenue of $210.8 million, up 2% over third quarter 2023. Maintained gross margin of 25.4%. Improved operating income to $3.2 million, up $4.4 million over third quarter 2023. Reported third quarter 2024 net loss of $11.1 million, an 8.3% improvement year over year. Delivered consolidated Adjusted EBITDA1 of $11.3 million (5.4% of consolidated revenue) for the 2024 third quarter, and $39.6 million (6.2% of consolidated...

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DMG Blockchain Solutions Inc. Announces Overnight Marketed Offering

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR THE DISSEMINATION, DISTRIBUTION, RELEASE OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES VANCOUVER, British Columbia, Nov. 11, 2024 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSXV: DMGI) (“DMG” or the “Company”) is pleased to announce that it has launched a “best efforts” underwritten overnight marketed offering (the “Offering”) of units of the Company (the “Units”). The Offering is expected to be completed pursuant to an underwriting agreement (the “Underwriting Agreement”) to be entered into between the Company and Canaccord Genuity Corp. as lead underwriter and sole bookrunner (“Canaccord Genuity” or the “Lead Underwriter”), and a syndicate of underwriters (collectively with the Lead Underwriter, the “Underwriters”). The Company has agreed...

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Wabash Expands Parts and Services Distribution Network, Strengthens Aftermarket Support in Seven States

Company expands Preferred Partner Network with 14 locations, improving parts availability and minimizing downtime for customers’ operations LAFAYETTE, Ind., Nov. 11, 2024 (GLOBE NEWSWIRE) — Wabash (NYSE: WNC), the innovation leader of connected solutions for the transportation, logistics and distribution industries, is making it easier for customers to access the genuine Wabash trailer and truck body parts and service they need by expanding Wabash Parts and its Preferred Partner Network. Wabash’s network of authorized dealers serves as the backbone of the company’s aftermarket support, providing expert service, maintenance and Wabash Genuine Parts to keep fleets operating efficiently. In addition to Wabash’s established dealer channel, the company has introduced 14 new locations to its Preferred Partner Network, expanding the availability...

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