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Day: December 9, 2024

Robex Announces Adoption of Deferred Share Unit Plan

QUEBEC CITY, Dec. 09, 2024 (GLOBE NEWSWIRE) — Robex Resources Inc. (“Robex” or the “Company“) (TSXV: RBX) is pleased to announce that the board of directors of the Company has adopted a deferred share unit plan for the Company’s directors (the “DSU Plan”). A copy of the DSU Plan will be made available for review under the Company’s profile on SEDAR+. Furthermore, on the advice of its Remuneration Committee, the board of directors of the Company has approved the grant of an aggregate of 500,000 deferred share units (“DSUs“) and stock options in respect of an aggregate of 6,500,000 common shares (the “Options“) to the non-executive directors of the Company and key management personnel. Each DSU entitles the recipient to receive the cash equivalent value of one common share of the Company...

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Karolinska Development’s portfolio company Modus Therapeutics initiates a phase 2 study with sevuparin for treatment of chronic kidney disease with anemia

STOCKHOLM, SWEDEN – December 9, 2024. Karolinska Development AB (Nasdaq Stockholm: KDEV) today announces that its portfolio company, Modus Therapeutics, has dosed the first patient in a phase 2 clinical study of the drug candidate sevuparin, evaluated as a treatment for chronic kidney disease with anemia. The study is being conducted at Centro Ricerche Cliniche di Verona in Italy. Modus Therapeutics, listed on Nasdaq First North Growth Market, has initiated a clinical phase 2 study where the drug candidate sevuparin will be evaluated as a new treatment for chronic kidney disease with anemia. The study will be carried out in two parts, where the first part will assess safety and different dose levels of sevuparin and the second part will focus on the effect of repeated doses and clinical results such as hemoglobin levels, renal function,...

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Tier-One Supplier KONEC to Distribute Foresight’s Technology and Products with Revenues up to $7 Million in South Korea

The agreement aims to integrate advanced 3D perception solutions into the vehicles and solutions of KONEC‘s customers and partners across a wide range of sectors, including passenger and commercial vehicles, autonomous logistics vehicles, geofenced autonomous vehicles, as well as agriculture and heavy machinery Ness Ziona, Israel, Dec. 09, 2024 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced today the signing of a commercial cooperation agreement with KONEC Co. Ltd. (“KONEC”), a leading South Korean Tier-One automotive supplier, to bring to market advanced 3D perception solutions to be integrated into the vehicles and machinery of KONEC’s customers and business partners in the Republic of Korea. These solutions are...

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Lifeist Announces the “Mikra Wellness Giveaway” Holiday Campaign

TORONTO, Dec. 09, 2024 (GLOBE NEWSWIRE) — Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B0) (OTCMKTS: LFSWF), a health-tech company that leverages advancements in science and technology to support wellness in innovative ways, is pleased to announce that its U.S. biosciences subsidiary Mikra Cellular Sciences Inc. (“Mikra”) and a leader in science-driven health and wellness innovations, is launching a marketing initiative for the holiday season: The Mikra Wellness Giveaway. Mikra’s latest campaign, designed to reward loyal customers and drive new customer acquisition, will run from today, December 9, 2024, to January 15, 2025, and include those purchases of Mikra’s scientifically formulated supplements made on wearemikra.com. “The launch of our Wellness Giveaway is a way to reward our...

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Rent the Runway, Inc. Announces Third Quarter 2024 Results

Improved Business Momentum with Acceleration in Revenue Growth Led by Stronger Reserve Performance and Continued Growth in Other Revenue. Return to Subscriber Growth in Q3 2024. Record Low Cash Consumption for 9 Months Ending Oct 31, 2024. Reiterates Expectation for Free Cash Flow Breakeven in FY 2024. NEW YORK, Dec. 09, 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 October 31, 2024. Fiscal Third Quarter and Recent Business HighlightsImproved free cash flow consumption of $9M for the nine months ending October 31, 2024, which is $38M lower than the nine months ending October 31, 2023 and $61M lower than the nine months...

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Relmada Therapeutics to Discontinue the Reliance II and Relight Phase 3 Studies of REL-1017

Relmada Therapeutics has Commenced a Process to Explore Strategic Alternatives to Maximize Shareholder Value CORAL GABLES, Fla., Dec. 09, 2024 (GLOBE NEWSWIRE) — Relmada Therapeutics, Inc. (Nasdaq: RLMD, “Relmada”, “the Company”), a late-stage biotechnology company addressing diseases of the central nervous system (CNS), today announced that in light of the recent data monitoring committee (DMC) evaluation of the full dataset from the Reliance II Phase 3 study of the Company’s REL-1017 program, the Company will discontinue the Reliance II and Relight Phase 3 studies. The Company will continue to advance the Phase 1 study of REL-P11, an investigational agent for the treatment of metabolic disease, currently in a Phase 1 first-in-human study. In connection with this decision, the Company has commenced a process to explore strategic...

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Unified Communication as a Service Market to Surpass Valuation of USD 315.44 Billion by 2031 | SkyQuest Technology

Westford, USA, Dec. 09, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global unified communication as a service market size will reach a value of USD 315.44 Billion by 2031, with a CAGR of 20.6% during the forecast period (2024-2031). Numerous development prospects for the unified communication as a service market have been generated by the integration of multiple communication channels, including audio, video, and messaging, onto a single platform to increase productivity and simplify collaboration across enterprises. The global unified communication as a service market growth is further supported by the introduction of 5G technology and high-speed internet, driven by the fact that video and audio conferencing need to relate to fast and low-latency communication which 5g networks can provide easily. Download a detailed overview: https://www.skyquestt.com/sample-request/unified-communication-as-a-service-market...

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Mark Besca Appointed to Clarus’ Board of Directors

SALT LAKE CITY, Dec. 09, 2024 (GLOBE NEWSWIRE) — Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, announced that the Company’s Board of Directors (the “Board”) appointed Mr. Mark Besca to serve on the Board, effective as of December 5, 2024. With Mr. Besca’s appointment, the Board will be comprised of seven directors, six of whom are independent. Mr. Besca was also appointed to the Audit Committee of the Company’s Board. Mr. Besca has over 40 years of accounting and financial expertise serving in leadership roles as an advisor to Fortune 500 companies and as a public company board member. Since 2020, Mr. Besca has been a member of the board of directors and Audit Committee Chair of Markel Group Inc., a New York Stock Exchange listed financial holding...

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Namib Minerals and Hennessy Capital Investment Corp. VI Announce Filing of Registration Statement in Connection with their Proposed Business Combination and Namib Minerals’ Planned Nasdaq Listing

Namib Minerals and co-registrant Greenstone Corporation (“Greenstone”) filed a registration statement on Form F-4 (the “Registration Statement”) with the U.S. Securities Exchange Commission (the “SEC”), a critical step in advancing their previously announced proposed business combination with Hennessy Capital Investment Corp. VI (Nasdaq: HCVI) (“HCVI” or “Hennessy Capital”), and planned Nasdaq listing of Namib Minerals’ ordinary shares under the ticker “NAMM.” The proposed business combination values Namib Minerals at a pre-money enterprise value of $500 million with up to an additional 30 million of contingent ordinary shares tied to the completion of operational milestones.(1) Transaction proceeds are intended to be used to accelerate Namib Minerals’ growth plans for Greenstone’s assets, including the restart of two gold mines in Zimbabwe...

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Lumina Datamatics to acquire controlling stake in TNQTech

MUMBAI, India, Dec. 09, 2024 (GLOBE NEWSWIRE) — Lumina Datamatics, a leading Mumbai-based global services provider of digital Content Services, Retail Support Services, and Technology Solutions to global companies in the publishing and retail industries, has signed a definitive agreement on December 9, 2024, to acquire a controlling stake in TNQTech, a Chennai-based publishing technology and services company renowned for quality, efficiency, and innovation. TNQTech empowers scholarly publishers with AI-enabled technology for efficient publishing processes and offers end-to-end services for scholarly content. The company is trusted by commercial and open-access publishers and learned societies across Europe and North America. It’s innovative approach to publishing and content technology, combined with a strong focus on technological...

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