Altus Group Terminates Proposed Acquisition of Situs Group’s Commercial Real Estate Valuation Services Business

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

Transaction unlikely to receive regulatory approval in a timely manner; Altus Group maintains focus on organic strategy to enhance consistency and transparency of valuations within the CRE industry TORONTO, May 17, 2024 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it has delivered a termination notice with respect to its previously announced acquisition of Situs Group LLC’s (“Situs”) commercial real estate valuation and advisory services (“REVS”) business. Despite extensive engagement with the U.S. Federal Trade Commission (“FTC”) over the past six months, Altus Group believes that the transaction was unlikely to receive regulatory approval in a timely manner. In connection with the termination...

Clairvest Partners with ECL Entertainment to Acquire Wyoming Downs

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

TORONTO, May 17, 2024 (GLOBE NEWSWIRE) — Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VI (“CEP VI”, collectively “Clairvest”) and ECL Entertainment, LLC (“ECL”), have acquired Wyoming Downs, a licensed live horse racing and off-track betting (“OTB”) operator in Wyoming (which includes historical horse racing (“HHR”) and simulcast). ECL is a seasoned owner-operator of multiple HHR gaming assets in Kentucky. This represents Clairvest’s second partnership with ECL Entertainment in the HHR space. Wyoming Downs began live racing operations in the 1980s at its owned racetrack in Evanston, Wyoming and began operating OTBs (which include HHR terminals) in 2013. The operations consist of 19 OTB locations with over 1,100 gaming terminals across the state. Wyoming Downs is one of...

DZS Inc. Receives Expected Nasdaq Notice Regarding Late Form 10-Q Filing

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

DALLAS, May 17, 2024 (GLOBE NEWSWIRE) — DZS Inc. (“DZS” or the “Company”) (Nasdaq: DZSI), a global leader of broadband networking and software-defined cloud solutions, announced today that on May 14, 2024, as expected, it received a delinquency notification letter from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”) because the Company did not timely file its Quarterly Report on Form 10-Q for the three months ended March 31, 2024 (the “First Quarter 10-Q”). The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. As previously reported by the Company in its Notification of Late Filing on Form 12b-25, filed with the Securities...

Nuvini (Nasdaq: NVNI) Announces Nasdaq Notification of Non-Compliance Regarding Delayed Form 20-F Filing

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

NEW YORK, May 17, 2024 (GLOBE NEWSWIRE) — Nvni Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), the leading serial acquirer of private SaaS B2B companies in Latin America, announced that it received a notice of non-compliance (the “Notice”) from the Nasdaq Stock Market (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company did not timely file its annual report for the fiscal year ended December 31, 2023 on Form 20-F (the “Annual Report”) with the Securities and Exchange Commission (the “SEC”). The Notice indicates that, consistent with Nasdaq rules for continued listing, the Company has 60 calendar days from the date of the Notice, or until July 16, 2024, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts the Company’s...

Primech Holdings Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

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

SINGAPORE, May 17, 2024 (GLOBE NEWSWIRE) — Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, today announces that it received a delinquency notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on May 14, 2024 indicating that the Company is not currently in compliance with the minimum bid price requirement set forth in Nasdaq’s Listing Rules for continued listing on the Nasdaq Capital Market, as the closing bid price for the Company’s ordinary shares listed on the Nasdaq Capital Market was below $1.00 per share for 30 consecutive business days. Nasdaq Listing...

ExGen: Phoenix Raises US$80 Million for Construction of the Empire Mine, Idaho

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

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, May 17, 2024 (GLOBE NEWSWIRE) — ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) (“ExGen”, the “Company”) is pleased to provide an update in respect of Phoenix Copper Ltd.’s (“Phoenix”) exploration and development activities at the Empire Mine Project in Custer County, Idaho, USA, further to Phoenix’s news release of May 15, 2024. ExGen owns 20% and Phoenix owns 80% of Konnex Resources, Inc. (“Konnex”), which holds the leases and claims to the Empire Mine Project, which includes all of the Navarre Creek claim block. ExGen further owns 1,330,000 common shares of Phoenix. Jason Riley, CEO of ExGen commented: “This is a transformational milestone for the Empire Project and we congratulate the entire Phoenix team...

BriaCell Therapeutics Announces Closing of $5.0 Million Registered Direct Offering

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

PHILADELPHIA and VANCOUVER, British Columbia, May 17, 2024 (GLOBE NEWSWIRE) — BriaCell Therapeutics Corp. (Nasdaq: BCTX, BCTXW) (TSX: BCT) (“BriaCell” or the “Company”), a clinical-stage biotechnology company that develops novel immunotherapies to transform cancer care, today announced it has closed its previously announced registered direct offering with healthcare-focused institutional investors and a certain existing investor and a director of the Company for the purchase and sale of 2,402,935 common shares of the Company (or pre-funded warrants in lieu thereof) and warrants to purchase up to an aggregate of 2,402,935 common shares of the Company for aggregate gross proceeds of approximately $5.0 million before deducting placement agent fees and other offering expenses (the “Offering”). Each common share (or pre-funded warrant...

OceanPal Inc. Announces Results of 2024 Annual Meeting of Shareholders

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

ATHENS, Greece, May 17, 2024 (GLOBE NEWSWIRE) — OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that the Company’s Annual Meeting of Shareholders (the “Meeting”) was duly held on May 17, 2024, in virtual format only via the Internet. At the Meeting, each of the following proposals, which are set forth in more detail in the Notice of Annual Meeting of Shareholders and the Company’s Proxy Statement sent to shareholders on or around April 2, 2024, was approved and adopted: (1) The election of two Class III Directors to serve until the 2027 Annual Meeting of Shareholders; and (2) The appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company’s independent auditors for the fiscal year ending December 31, 2024. About...

Virios Therapeutics Announces Proposed Public Offering of Common Stock to Commence Preparations for Planned IMC-2 Long-COVID Phase 2b Study

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

ATLANTA, May 17, 2024 (GLOBE NEWSWIRE) — Virios Therapeutics, Inc. (Nasdaq: VIRI) (the “Company” or “Virios Therapeutics”), a development-stage biotechnology company focused on advancing novel antiviral therapies to treat debilitating chronic diseases, including fibromyalgia (“FM”) and Long-COVID (“LC”), today announced that it intends to offer and sell up to $2.1 million in shares of its common stock in a public offering. All shares of common stock in the offering are to be offered by Virios Therapeutics. Virios Therapeutics intends to use the net proceeds of the proposed offering to commence preparatory activities for its planned IMC-2 Long-COVID Phase 2b study and for general corporate purposes. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or...

PrimeEnergy Resources Corporation (PNRG) Announces First Quarter Results

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

HOUSTON, May 17, 2024 (GLOBE NEWSWIRE) — PrimeEnergy Resources Corporation (PNRG) Announces First Quarter Results: Oil and gas production volumes for the three months ended March 31, 2024 and 2023: Quarter ended March 31, Increase Increase 2024 2023 Oil production (barrels) 431,000 193,000 238,000 123 % Natural gas production (Mcf) 1,157,000 801,000 356,000 44 % Natural gas liquids production (barrels) 206,000 106,000 100,000 94 % Total assets at March 31, 2024 were $332,896,000 compared to $288,568,000 at December 31, 2023. Quarter ended March 31, Increase Increase 2024 2023 Revenues (in thousands) $ 42,990 $ 22,815 $ 20,175 88 % Net Income (in thousands) $ 11,319 $ 1,410 $ 9,909 703 % Earnings per Common Share: Basic $ 6.27 $ 0.75 $ 5.52 736 % Diluted $ 4.41 $ 0.53 $ 3.88 732 % Shares...

Year: 2024

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