Day: November 21, 2024
DELTA, British Columbia, Nov. 21, 2024 (GLOBE NEWSWIRE) — WestBond Enterprises Corporation (TSX-V: WBE) is pleased to announce that the company continues to increase its quarterly profit. Net profit for the quarter ended September 30, 2024 increased 465% to $71,060 when compared to a profit of $12,566 for the three months ended June 30, 2024. Sales were $2,577,348 for this quarter ended September 30, 2024, which is 13.7% higher than $2,267,376 for the quarter ended June 30, 2024.
With the addition of shipping personnel and reallocation of production staff, the company has been able to make more timely shipments of orders. Sales volume continues to grow, and profits are expected to increase accordingly.
The company continues to focus on the food service (hospitality) industry with its expanding product line of high-end, air laid...
Tevogen Bio CEO Reflects on Public Support, Reaffirms Preserving Shareholder Value Remains His Priority, and Reinforces Options Including a Potential Share Buyback to Support Company Value
Written by Customer Service on . Posted in Public Companies.
WARREN, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) — Tevogen Bio (“Tevogen” or “Tevogen Bio Holdings Inc.”) (Nasdaq: TVGN), a clinical-stage specialty immunotherapy biotech developing off-the-shelf, genetically unmodified T cell therapeutics to treat infectious disease and cancers, today expresses gratitude to shareholders for their unwavering support and trust in Tevogen Bio and its leadership. The commitment fuels the company’s determination to advance its mission of developing accessible, life-saving therapeutics.
The company recently announced significant progress through its third quarter financial results for 2024, including, reduction of a net loss by $52.5 million, elimination of nearly all liabilities, and reiterating availability of sufficient capital to fund operations for the next 33 months.
Ryan Saadi, MD, MPH, Founder and...
Nokia completes the share buyback program launched in March
Written by Customer Service on . Posted in Public Companies.
Nokia CorporationStock Exchange Release21 November 2024 at 22:45 EET
Nokia completes the share buyback program launched in March
Espoo, Finland – Nokia Corporation (“Nokia” or the “Company”) has now completed the share buyback program announced on 18 March 2024 and upsized on 19 July 2024. Between 20 March 2024 and 21 November 2024, Nokia repurchased 157,646,220 of its own shares (FI0009000681) at an average price per share of approximately EUR 3.81.
Nokia expects to cancel the acquired shares in December 2024.
The repurchases under the share buyback program reduced the Company’s unrestricted equity by EUR 600 million. Nokia Corporation now holds a total of 209,702,510 treasury shares.
The repurchases were executed otherwise than in proportion to the existing shareholdings of Nokia’s shareholders (directed...
Israeli Court Ruling Validates Nano Dimension Board’s Strategic Decisions and Clarifies Current Board Structure
Written by Customer Service on . Posted in Public Companies.
Court Validates Business Judgement on Strategic Actions Taken by Nano, Including Agreements to Acquire Desktop Metal and Markforged
Previous Murchinson Nominees Kenneth Traub and Dr. Joshua Rosensweig Become Full Board Members
Yoav Stern Continues as CEO and Stands for Election, as Planned, at 2024 Annual General Meeting
Nano Urges Shareholders to Protect Their Investment and Vote “FOR” ALL of Nano’s Proposals
To Learn More Visit: www.ProtectingNanoValue.com
Waltham, Mass., Nov. 21, 2024 (GLOBE NEWSWIRE) — Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano” or the “Company”), a leading supplier of Additively Manufactured Electronics and multi-dimensional polymer, metal & ceramic Additive Manufacturing 3D printing solutions, today commented on the Israeli court ruling regarding Nano’s Extraordinary General Meeting (the “EGM”) that...
MacKenzie Realty Capital Reports First Quarter FY 2025 Financial Results and Provides Business Update
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
ORINDA, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) — MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) today announced its financial results for the first quarter ended September 30, 2024.
Key Financial Highlights:Operating Results for the Three Months Ended September 30, 2024:Net revenues for three months ended Sept 30, 2024, were $5.0 million, an increase of 39% from $3.6 million in the same period of 2023.
Gross profit was $3.0 million, an of increase of 41%, from $2.1 million in the same period of 2023.
Net loss was $8.1 million, compared to $4.6 million loss in the same period of 2023.
Net loss per share was $0.61 based on 13,345,967 outstanding shares, compared to a loss of $0.35 per share based on 13,284,673 outstanding shares.
Paid its regular quarterly dividend in the amount of $0.125 per share...
Hovnanian Enterprises Announces Fiscal Year 2024 Earnings Release and Conference Call
Written by Customer Service on . Posted in Public Companies.
MATAWAN, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the fourth quarter and fiscal year ended October 31, 2024, the morning of Thursday, December 5, 2024. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 5, 2024.
The conference call and accompanying slide presentation will be webcast live through the “Investor Relations” section of Hovnanian Enterprises’ website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to listen to the live webcast, an archive of the broadcast will be available under the “Past Events” section of the “Investor Relations” page on...
Check Point Software is a Leader in GigaOm Cloud Radar: Paving the Way in Cloud Security Innovation, Delivering Advanced Threat Prevention and Scalability
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Check Point’s CloudGuard shines in latest GigaOm CNAPP Radar Report, with superior performance across key cloud security features
REDWOOD CITY, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) — Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, has been recognized as a Leader and Fast Mover in the latest GigaOm Radar Report for Cloud-Native Application Protection Platforms (CNAPPs). In its assessment of 17 leading CNAPP solutions, GigaOm identifies Check Point as a Leader in the Innovation and Platform Play quadrant of the Radar, highlighting its strong focus on prevention and a cohesive strategy for cloud security.
According to GigaOm, Cloud-native application protection platforms (CNAPPs) represent a combination of technologies that solve the complex security problems...
Innovative Food Holdings, Inc. Announces Close of The Acquisition of Golden Organics
Written by Customer Service on . Posted in Mergers And Acquisitions.
BONITA SPRINGS, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) — Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, is pleased to announce the successful closing of its acquisition of the assets of Golden Organics, Inc., a Denver-based specialty food distributor (“Golden Organics”), pursuant to an asset purchase agreement entered on October 14, 2024 (the “Transaction”).
The final value of the assets of Golden Organics, after working capital adjustments, was $1.58 million, payable in $1.23 million in cash and a $350,000 seller’s note payable over five years at a 6% interest rate. As part of the Transaction, IVFH acquires Golden Organics’ inventory, valued at approximately $1.23 million, and approximately $130,000 in property, plant, and equipment.
Strategic...
Photronics Hires Christopher J. Lutzo as Vice President and General Counsel
Written by Customer Service on . Posted in Public Companies.
BROOKFIELD, Conn., Nov. 21, 2024 (GLOBE NEWSWIRE) — Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in photomask technologies and solutions, announced today that Christopher J. Lutzo has joined the company as Vice President, General Counsel and Corporate Secretary and has become a member of the Company’s executive leadership team. Lutzo will lead all aspects of Photronics’ legal function, providing support for its global operations and growth initiatives, as well as overseeing the company’s corporate governance, compliance, and risk management programs.
Frank Lee, CEO of Photronics, commented, “We are pleased Chris joined Photronics; his extensive expertise in aligning legal functions with business goals and managing risk will be a valuable asset to our executive team and shareholders.”
Lutzo brings over 15 years of experience...
SBM Offshore completes US$1.5 billion financing of Jaguar
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Amsterdam, November 21, 2024
SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion.
The project financing was fully secured by a consortium of 16 international financial institutions. The Company expects to draw the loan phased over the construction period of the FPSO. The project loan is in line with the duration of the construction phase.
The FPSO Jaguar’s design is based on SBM Offshore’s industry leading Fast4Ward® program that incorporates the Company’s seventh new build, multi-purpose floater hull combined with several standardized topsides modules. The FPSO is designed to produce 250,000 barrels of oil per day, will have associated gas treatment capacity of 540 million cubic feet per day and water injection capacity of 300,000 barrels per day. The FPSO will be spread moored in...