Day: December 17, 2024

Ascot Commences First Development Advance at Premier Northern Lights

Written by Customer Service on December 17, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, Dec. 17, 2024 (GLOBE NEWSWIRE) — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company“) is pleased to announce that the Company has completed its first development round for recommencement of the underground development of the Premier Northern Lights mine (“PNL“). Following the remobilization of the Company’s mining contractor, Procon Mining & Tunneling Ltd (“Procon“) to the site, the Company has:mobilized the underground mining equipment to site, established the underground ventilation, completed the initial rehabilitation with shotcrete to establish a heading for advancement of development and second egress for the PNL mine.Currently, development is approximately 115 meters away from the initial ore zone geological contact....

VERSES Genius™ Outperforms OpenAI Model in Code-Breaking Challenge, “Mastermind”

Written by Customer Service on December 17, 2024. Posted in Public Companies.

High-Performance Agent Surpasses Leading AI Model in Accuracy, Speed, and Cost Efficiency VANCOUVER, British Columbia, Dec. 17, 2024 (GLOBE NEWSWIRE) — VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) (“VERSES” or the “Company”), a cognitive computing company, today revealed performance highlights of its flagship product Genius winning the code-breaking game Mastermind in a side by side comparison with a leading generative AI model, OpenAI’s o1 Preview, which is positioned as an industry-leading reasoning model. Over one hundred test runs, Genius consistently outperformed OpenAI’s o1-preview model one hundred and forty (140) times faster and more than five thousand times (5,000) cheaper. “Today we’re showcasing Genius’ advanced reasoning performance against state-of-the-art deep learning-based methods that LLMs are based...

Meritage Homes Gives $3.3 Million In 2024 To Support Communities Nationwide

Written by Customer Service on December 17, 2024. Posted in Public Companies.

SCOTTSDALE, Ariz., Dec. 17, 2024 (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE: MTH), the fifth-largest public homebuilder in the U.S., continues to live up to its brand promise of a Life.Built.Better.® in 2024 by contributing $3.3 million and sponsoring numerous community volunteer events throughout its geographic footprint. During the year, the homebuilder donated $1.5 million mainly through Meritage Cares, its philanthropic foundation, as well as additional in-kind donations to help combat food insecurity, support tree planting efforts, fund education and career development initiatives, assist military veterans and their families, and improve affordable housing supply. The Company also contributed nearly $1.8 million to fund K-12 education opportunities in Arizona, Florida, and Georgia. Further, the Meritage Cares Assistance...

Danforth Advisors Acquires VPMR, Providing Global Market Research to Inform Strategy for Life Science Companies

Written by Customer Service on December 17, 2024. Posted in Mergers And Acquisitions.

WALTHAM, Mass., Dec. 17, 2024 (GLOBE NEWSWIRE) — Danforth Advisors, LLC, today announced the acquisition of VPMR, LLC, a full-service, global market research firm serving life science and healthcare companies across all phases of the product lifecycle. Applying deep expertise in both traditional and technology-based research methods, VPMR provides vital insights to guide market opportunity assessment, new product development and strategic decision-making for clients. The acquisition extends Danforth’s capabilities in the area of commercial readiness, delivering key data to shape launch strategy and marketing. Allison Fuller will continue to lead VPMR in her role as President. “Given the high costs and stakes of drug development, market research is fundamental to optimizing chances of success. Whether to understand patient needs,...

QuestionPro Acquires SpatialChat – a Leading European Video Streaming & Collaboration Platform

Written by Customer Service on December 17, 2024. Posted in Mergers And Acquisitions.

Technology will complement QuestionPro’s existing Asynchronous Qualitative Research Platform and ultimately power virtual focus groups and panels SAN FRANCISCO, Dec. 17, 2024 (GLOBE NEWSWIRE) — QuestionPro, a global leader in online survey and research services, has acquired SpatialChat, Europe’s trailblazer in video streaming and immersive virtual environments for meetings and collaboration. This strategic acquisition will add value to QuestionPro’s existing Qualitative Research and Customer Experience (CX) platforms while expanding SpatialChat’s footprint beyond Europe into the U.S. and global markets. SpatialChat is a leading virtual platform that empowers organizations to foster enhanced engagement, collaboration, and productivity in immersive digital environments. With AI capabilities, SpatialChat creates highly interactive,...

Walrus Pump Announces Financial and Operating Results for Three Quarters of FY2024

Written by Customer Service on December 17, 2024. Posted in Earnings Releases And Operating Results.

Steady Dual Growth in Domestic and International Sales: Walrus Pump Driving Industry Supply Chain Upgrades TAIPEI, Taiwan, Dec. 17, 2024 (GLOBE NEWSWIRE) — The leading pump brand Walrus Pump (TPEX: 6982) recently hosted its pre-listing performance presentation in November. The company offers a wide range of pump solutions, catering to needs from household water supply and agricultural irrigation to advanced industrial processes. Its core products serve both daily life and industrial applications, not only meeting consumer needs but also supporting high-tech uses such as data centers and fast charging station cooling. Through technological innovation and strategic market positioning, Walrus Pump has firmly established itself as the leader in Taiwan’s water pump market. For the first three quarters of FY2024, the company recorded...

Portage Biotech Announces Letter of Intent with Immunova for an Option to Acquire iOx Therapeutics, Ltd

Written by Customer Service on December 17, 2024. Posted in Mergers And Acquisitions.

WESTPORT, Conn., Dec. 17, 2024 (GLOBE NEWSWIRE) — Portage Biotech, Inc. (“Portage” or the “Company”) (NASDAQ: PRTG), a clinical-stage immuno-oncology company with a portfolio of novel multi-targeted therapies for use as monotherapy and in combination, is pleased to announce that it has entered into a Letter of Intent (“LOI”) with Immunova, LLC, (“Immunova”) a private Connecticut-based biotechnology company. Under the terms of the LOI, Portage and Immunova have agreed to negotiate a definitive option agreement for Immunova or an affiliate to acquire the entire share capital of iOx Therapeutics, Ltd (“iOx”), a wholly owned subsidiary of Portage. iOx is focused on developing liposomal iNKT agonists, and its lead candidate, PORT-2, has demonstrated promising preliminary clinical activity. Alex Pickett, CEO of Portage Biotech, commented:...

CTO Realty Growth Expands Presence In Tampa Metro Area with Acquisition of Grocery Anchored Property

Written by Customer Service on December 17, 2024. Posted in Mergers And Acquisitions.

WINTER PARK, Fla., Dec. 17, 2024 (GLOBE NEWSWIRE) — CTO Realty Growth, Inc. (NYSE: CTO) an owner and operator of high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States (the “Company”), today announced the addition of its second grocery anchored property in the Tampa, Florida market with the acquisition of Granada Plaza for $16.8 million, prior to closing costs and adjustments. Granada Plaza is a 74,000 square-foot shopping center, anchored by a high-performing Publix, and located in the city of Dunedin, Florida, a densely populated and growing retail market in the Tampa metro area. The property is situated on seven acres and is 95% occupied. “This acquisition adds another grocery anchored shopping center to our portfolio and further expands our presence in...

DAVIDsTEA Reports Improved Financial Results for Third Quarter of Fiscal 2024

Written by Customer Service on December 17, 2024. Posted in Earnings Releases And Operating Results.

Strong sales momentum combined with improved financial performance and operational efficienciesSales of $14.0 million, an increase of 15.6% over the prior year Gross profit margin of 51.5%, significantly better compared to 37.9% in prior year Net loss of $1.6 million, an improvement from a loss of $3.7 million in prior year Adjusted EBITDA1 of $0.8 million versus negative $2.5 million in prior year Two flagship store openings in Montreal: Royalmount and Eaton CentreMONTREAL, Dec. 17, 2024 (GLOBE NEWSWIRE) — DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its financial results for the third quarter ended November 2, 2024. “We are highly encouraged by our ongoing sales momentum in the third quarter of 2024 with double-digit growth across all distribution...

PhenixFIN Corporation Announces Fiscal Year and Fourth Quarter 2024 Financial Results

Written by Customer Service on December 17, 2024. Posted in Earnings Releases And Operating Results.

For the Fiscal Year ended 2024 NAV per share grew 12% year over year NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) — PhenixFIN Corporation (NASDAQ: PFX, PFXNZ) (the “Company”), a publicly traded business development company, today announced its financial results for the fiscal fourth quarter of 2024. HighlightsFourth quarter total investment income of $5.6 million; net investment income of $0.5 million Net asset value (NAV) of $160.3 million, or $79.37 per share as of September 30, 2024, vs. $70.75 per share as of September 30, 2023 Weighted average yield was 12.3% on debt and other income producing investments as of the fiscal year end On October 1, 2024 the Company completed the acquisition of approximately 80% of the equity of The National Security Group, Inc. (“NSG”) an Alabama based insurance holding company.David...

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Day: December 17, 2024

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