Day: December 18, 2024

HONG KONG, Dec. 18, 2024 (GLOBE NEWSWIRE) — Prestige Wealth Inc. (NASDAQ: PWM) (“PWM”, or the “Company”), a wealth management and asset management services provider based in Hong Kong, today announced that, on December 16, 2024, it completed its acquisition of all shares of InnoSphere Tech Inc (“InnoSphere Tech”), a company incorporated under the laws of the British Virgin Islands. PWM also announced that, on December 16, 2024, it completed its acquisition of all shares of Tokyo Bay Management Inc (“Tokyo Bay”), a company incorporated under the laws of the British Virgin Islands. About Prestige Wealth Inc. Prestige Wealth Inc. is a wealth management and asset management services provider based in Hong Kong, assisting its clients in identifying and purchasing well-matched wealth management products and global asset management products....

HARTSVILLE, S.C., Dec. 18, 2024 (GLOBE NEWSWIRE) — Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced it has entered into an agreement to sell its Thermoformed and Flexibles Packaging business (“TFP”) to TOPPAN Holdings Inc. (“Toppan”) for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments (the “Transaction”). The Transaction, which reflects the completion of the previously announced strategic review of Sonoco’s TFP business, is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first half of 2025. Net proceeds from the transaction are expected to be used to repay existing debt. “The decision to sell our TFP business accelerates our portfolio simplification...

BROOKFIELD, Conn., Dec. 18, 2024 (GLOBE NEWSWIRE) — Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, announced today the appointment of David Garcia to the company’s Board of Directors on December 12, 2024. This election expands Board membership to nine members, seven of whom are independent. Mr. Garcia is currently a strategic advisor and previously spent approximately 30 years practicing law, most recently at Holland & Hart after starting his career at Wilson Sonsini Goodrich & Rosati and Venture Law Group. His extensive experience spans mergers & acquisitions, venture capital financing transactions and securities offerings. He has counseled both publicly and privately held companies in their corporate and governance affairs and has additional experience in structuring...

Nominates Bentina Chisolm Terry and Leland Weaver to Join Board of Directors Two Long-Tenured Directors to Retire at Upcoming 2025 Annual Meeting of Stockholders ATLANTA, Dec. 18, 2024 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE: MWA) announced that its Board of Directors has nominated Bentina Chisolm Terry and Leland Weaver to join the Board for election at the Company’s Annual Meeting of Stockholders on February 6, 2025. As part of the previously announced Board refreshment plan, Dr. Lydia Thomas and Ms. Shirley Franklin will retire from the Board at the Annual Meeting. “On behalf of the entire Board, I extend my gratitude to Lydia and Shirley for their contributions to Mueller and many years of service on the Board. Lydia’s and Shirley’s leadership, wisdom and expertise during their service have been enormously...

JUSTIN, Texas, Dec. 18, 2024 (GLOBE NEWSWIRE) — Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company today announced the company has furloughed 82 employees, both salaried and hourly, and idling its factories in Oklahoma while it works to finalize securing the capital necessary to move forward with its operations. The company is in advanced discussions with various capital sources. Canoo said, “We regret having to furlough our employees, especially during the holidays, but we have no choice at this point. We are hopeful that we will be able to bring them back to work soon.” About CanooFounded in 2017, Canoo Inc. (NASDAQ: GOEV) is an automotive tech company that manufactures electric cargo vehicles, built to deliver, for large commercial, government and fleet customers globally. The company has developed design-forward...

MONROE TOWNSHIP, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company’s ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Thursday, December 19, 2024, at 11:00 a.m. ET. Dr. Philipp Stratmann, President and Chief Executive Officer for OPT, will discuss the Company’s recent performance and revenue growth, cost savings and expenditure reductions implemented over the past several quarters, and ongoing innovation in integrating payloads and systems that enable the Company to offer an AI-capable solution. The discussion will also cover OPT’s overseas expansion...

DENVER, Dec. 18, 2024 (GLOBE NEWSWIRE) — National Bank Holdings Corporation (NYSE: NBHC, or the “Company”) announced today that it sold approximately $130 million of available-for-sale (“AFS”) investment securities on the open market. The securities sale is part of the Company’s strategy to proactively maximize the balance sheet with the goal of driving future earnings. The securities sold represented approximately 20% of the Company’s AFS portfolio and resulted in an after-tax loss of approximately $5 million that will be recorded in the fourth quarter of 2024. Proceeds from the sale will be redeployed over time into higher yielding securities. “Through our solid capital position, we are able to effectively manage our balance sheet while enhancing future earnings growth for our shareholders,” said Chairman and CEO, Tim Laney. About...

VALENCIA, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) — AVITA Medical, Inc. (NASDAQ: RCEL, ASX: AVH), a commercial-stage regenerative medicine company focused on first-in-class devices for wound care management and skin restoration, today announced that Jim Corbett, Chief Executive Officer, will present at the 43rd Annual J.P. Morgan Healthcare Conference on Thursday, January 16, 2025, at 9:00 a.m. Pacific Time. A live audio webcast of the presentation will be accessible under the Events & Presentations section of the Company’s website at https://ir.avitamedical.com. A replay of the webcast will be available following the conclusion of the event. About AVITA Medical, Inc.AVITA Medical® is a commercial-stage regenerative medicine company transforming the standard of care in wound care management and skin restoration with innovative...

HOUSTON, Dec. 18, 2024 (GLOBE NEWSWIRE) — KOIL Energy Solutions, Inc. (OTCQB: KLNG) has been awarded a significant contract to supply Electrical and Hydraulic Distribution Manifolds for a project in West Africa. This award, from a prominent international oil and gas company, highlights KOIL’s core technological expertise and solidifies its position as a trusted partner in the subsea sector.The manifolds will play a critical role in distributing electrical and hydraulic power to regulate the flow of oil and gas through existing subsea infrastructure. The scope of work for this project includes engineering, procurement, fabrication, assembly, and testing of the manifolds and related equipment. KOIL is renowned for delivering competitive, high-performance subsea distribution systems worldwide. By leveraging years of industry...