Year: 2024

Tandy Leather Factory Announces Agreement to Sell Headquarters Facilities

Written by Customer Service on December 6, 2024. Posted in Mergers And Acquisitions.

FORT WORTH, Texas, Dec. 06, 2024 (GLOBE NEWSWIRE) — Tandy Leather Factory, Inc. (the “Company”, Nasdaq: TLF) today announced that it had signed a Purchase and Sale Agreement to sell its corporate headquarters facilities, including its primary distribution center and flagship retail store, to Colonna Brothers, Inc. The sale price for the facilities, before taxes and expenses, will be $26.5 million, and the transaction is expected to close in January 2025. Upon the closing, the Company intends to enter into lease agreements to remain in its current spaces until approximately September 2025, while it identifies and prepares to move to new facilities in the Fort Worth, Texas area. Jeff Gramm, the Company’s Chairman, said, “As we announced last December, we have been marketing our headquarters property with hopes of unlocking value...

Cerence AI Announces Equity Grant to Employee Under Inducement Plan Pursuant to Nasdaq Listing Rule 5635(c)(4)

Written by Customer Service on December 6, 2024. Posted in Public Companies.

BURLINGTON, Mass., Dec. 06, 2024 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today announced that, in connection with Antonio (“Tony”) Rodriquez’s recent appointment as Executive Vice President, Chief Financial Officer effective November 29, 2024, the Company granted Mr. Rodriquez 313,283 time-based restricted stock units and 313,283 performance-based restricted stock units. The time-based restricted stock units will vest in three equal installments on each of October 1, 2025, October 1, 2026, and October 1, 2027, in each case subject to Mr. Rodriquez’s continued service with the Company through the applicable vesting date. The performance-based restricted stock units will be earned based on the achievement of the Company’s performance metrics for each of fiscal...

Osisko Metals Acquires Additional Claims Near Gaspé Copper

Written by Customer Service on December 6, 2024. Posted in Mergers And Acquisitions.

MONTREAL, Dec. 06, 2024 (GLOBE NEWSWIRE) — Osisko Metals Incorporated (the “Company or “Osisko Metals“) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce the acquisition of a group of 199 claims adjacent to its Gaspé Copper Project (the “Claims”). Pursuant to a sales agreement dated October 8, 2024 with the two private holders of the interest in the Claims, Osisko Metals acquired a 100% interest in the Claims in exchange for the issuance of 5,000,000 common shares of its capital stock and the grant of a 2% net smelter return royalty, half of which is redeemable for an amount of $2,000,000. The common shares issued in connection with the acquisition are subject to various restriction periods to a statutory hold period expiring four months and one day from the date of issue pursuant to applicable...

BioAge Labs Announces Discontinuation of STRIDES Phase 2 Clinical Trial Evaluating Azelaprag in Combination with Tirzepatide for the Treatment of Obesity

Written by Customer Service on December 6, 2024. Posted in Public Companies.

Decision follows observations of liver transaminitis without clinically significant symptoms in some subjects on azelaprag Company will evaluate data from patients enrolled to date and share updated plans for azelaprag in Q1 2025 In parallel to evaluating azelaprag, Company will continue to advance earlier platform-derived programs, including IND submission for CNS penetrant NLRP3 inhibitor anticipated in the second half of 2025 RICHMOND, Calif., Dec. 06, 2024 (GLOBE NEWSWIRE) — BioAge Labs (Nasdaq: BIOA) (“BioAge”, “the Company”), a clinical-stage biopharmaceutical company developing therapeutic product candidates for metabolic diseases by targeting the biology of human aging, today announced that the Company has made the decision to discontinue the ongoing STRIDES Phase 2 study of its investigational drug candidate azelaprag...

IREN closes $440 million convertible notes offering

Written by Customer Service on December 6, 2024. Posted in Public Companies.

SYDNEY, Dec. 06, 2024 (GLOBE NEWSWIRE) — IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (“IREN”) today announced the closing of its offering of $440 million aggregate principal amount of 3.25% convertible senior notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Key details of the transactionOversubscribed and upsized from $300 million to $400 million, plus $40 million greenshoe Net proceeds of approximately $425.4 million 3.25% coupon, 30% conversion premium Capped call transactions entered into in connection with the notes are generally expected to provide a hedge upon conversions up to an initial cap price of $25.86 per share, which represents a 100% premium (as compared...

Insight Acquisition Corp Stockholders Approve Extension of Business Combination Period Through March 7, 2025

Written by Customer Service on December 6, 2024. Posted in Mergers And Acquisitions.

NEW YORK, Dec. 06, 2024 (GLOBE NEWSWIRE) — Insight Acquisition Corp. (NASDAQ: INAQ) announced today that its stockholders have approved an extension of the time period by which the Company has to consummate an initial business combination (the “Business Combination Period”) from December 7, 2024, to March 7, 2025 (the “Extended Termination Date”). The extension was made through the adoption of the Fourth Extension Amendment to the Company’s amended and restated certificate of incorporation (the “Charter”), which was filed today with the Delaware Secretary of State. Adoption of the Fourth Extension Amendment required approval by the affirmative vote of at least 65% of the Company’s outstanding shares of common stock. The proposal was approved by the Company’s stockholders holding 4,950,037 shares, representing approximately...

VivoPower to host Annual General Meeting on December 30, 2024 in London

Written by Customer Service on December 6, 2024. Posted in Public Companies.

London, Dec. 06, 2024 (GLOBE NEWSWIRE) — VivoPower International PLC (NASDAQ: VVPR) (the “Company” or “VivoPower”) is pleased to announce that it will hold its Annual General Meeting (“AGM”) at its offices in London on Monday, December 30, 2024, at 1:00 p.m. London time. The resolutions to be passed include:Laying of annual accounts and reports Directors’ remuneration report Re-appointment of auditors Remuneration of auditors Extension of the term of William Langdon appointment as director of the Company Approval for Mergers or DivestmentsThe formal notice of the AGM with accompanying proxy forms and dial in details will be mailed to shareholders in accordance with the statutory period prior to the AGM. About VivoPower Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable...

UPDATE – Sono Group N.V. Reports Profit of €60.6 Million and Significant Progress in First Half of 2024

Written by Customer Service on December 6, 2024. Posted in Earnings Releases And Operating Results.

Showcases Robust Development and Commitment to Sustainable Mobility Solutions MUNICH, Dec. 06, 2024 (GLOBE NEWSWIRE) — The solar technology company Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”) today announced its financial results for the first six months of 2024, highlighting a €60.6 million profit and its recovery following its exit from insolvency earlier this year. Key financial highlights€60.6 million profit: The profit primarily stemmed from the extinguishment of liabilities, parental guarantee reversal and recapitalization and reconsolidation of Sono Motors. Operational efficiency: General and administrative expenses decreased significantly from €8.1 million in H1 2023 to €2.9 million in H1 2024, reflecting leaner operations post-restructuring. Substantial...

Hexagon Purus ASA: Award of restricted share units

Written by Customer Service on December 6, 2024. Posted in Public Companies.

Hexagon Purus ASA (“Purus” or “the Company”) has decided to provisionally award up to 10,640,000 Restricted Share Units (“RSUs”) under the Company’s 2025 Long-Term Incentive Program (the “LTIP”). Of the grants, 4,840,000 Units were granted to PDMRs, as further specified in the attached forms. Each vested RSU will give the holder the right to receive one share in the Company. All Units have an exercise price corresponding to the par value of the shares (NOK 0.10). The awards are in accordance with the Board of Directors’ remuneration policy for executive management. The Units are non-transferable and will vest in February 2028, subject to continued employment at vesting. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities...

Alaris Equity Partners Announces Its Second Asset Management Transaction

Written by Customer Service on December 6, 2024. Posted in Public Companies.

NOT FOR DISTRIBUTION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW CALGARY, Alberta, Dec. 06, 2024 (GLOBE NEWSWIRE) — (all numbers in this release are in US dollars (US$) unless otherwise noted) Alaris Equity Partners Income Trust (the “Trust”) (TSX: AD.UN) is pleased to announce that its wholly-owned subsidiary, Alaris Equity Partners USA, Inc. (collectively with the Trust and its other subsidiaries, “Alaris”) have completed a strategic recapitalization transaction (the “Transaction”) with Ohana Growth Partners, LLC (collectively “Ohana” or the “Company”), a leading Planet Fitness® franchisee. The Transaction brings together Ohana, Alaris and a leading third-party private equity investor (the “Third Party Investor”) in an Alaris controlled partnership....

Year: 2024

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