Year: 2024

Humacyte Announces Pricing of $15.0 Million Registered Direct Offering

Written by Customer Service on November 14, 2024. Posted in Public Companies.

DURHAM, N.C., Nov. 14, 2024 (GLOBE NEWSWIRE) — Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable, bioengineered human tissue at commercial scale, today announced that it entered into a securities purchase agreement with an institutional investor to purchase approximately $15.0 million worth of its common stock and warrants to purchase common stock in a registered direct offering. Under the terms of the securities purchase agreement, the Company has agreed to sell 2,808,988 shares of its common stock and warrants to purchase up to 2,808,988 shares of common stock. 1,404,494 warrants will be exercisable immediately, have an exercise price of $5.34 per share, and will expire 180 days from the date of issuance. The additional 1,404,494 warrants will be exercisable immediately,...

Web Application Firewall Market to Gain USD 27.68 billion by 2031 | SkyQuest Technology

Written by Customer Service on November 14, 2024. Posted in Mergers And Acquisitions.

Web Application Firewall Market size was valued at USD 5.82 billion in 2022 and is poised to grow from USD 6.92 billion in 2023 to USD 27.68 billion by 2031, growing at a CAGR of 18.92% during the forecast period (2024-2031). Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Web Application Firewall Market will attain a value of USD 27.68 Billion by 2031, with a CAGR of 18.92% during the forecast period (2024-2031). The market is expanding due to the growing use of web application firewalls that are automated and AI-powered. The next firewalls that will be developed are automated ones based on artificial intelligence that’s why companies are increasingly embracing them; they have ability to respond quickly to new risks as well as make decisions judiciously. For this reason, web application firewalls save businesses...

PEF Advisors Acquires Tammy Brook Apartments in Weymouth, MA

Written by Customer Service on November 14, 2024. Posted in Mergers And Acquisitions.

The 90-unit property preserves affordable housing south of Boston WEYMOUTH, Mass., Nov. 14, 2024 (GLOBE NEWSWIRE) — Preservation Equity Fund Advisors, LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, announced their recent acquisition of Tammy Brook Apartments, a 90-unit apartment community in Weymouth, MA, a suburb located 15 miles south of Downtown Boston. PEF Advisors purchased the property in November 2024 and has budgeted approximately $1.2M ($13,000 per unit) to address deferred maintenance, improve curb appeal, and elevate the quality of housing and competitiveness of the property. The property comprises 12 residential brick buildings and several detached single-story buildings for laundry, leasing and maintenance. The two-story townhome style...

Advanced Energy Storage Systems Market to Witness 5.70% CAGR by 2031 | SkyQuest Technology

Written by Customer Service on November 14, 2024. Posted in Mergers And Acquisitions.

The growth of this global market is attributed to growing demand for electrical vehicles and increasing investments in renewable energy. Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Advanced Energy Storage Systems Market size will attain the value of USD 2.08 Billion by 2031, with a CAGR of 5.70% during the forecast period (2024-2031). The growth of the advanced energy storage systems market share is attributed to the high demand for electric vehicles and increasing investments in renewable energy. Moreover, rapid expansion of communication infrastructure and increasing investments in modernization are driving the advanced energy storage systems industry. Furthermore, increasing number of installations of solar farms and increasing awareness about energy storage are the factors that contribute to new growth...

Dorel Reports Third Quarter 2024 Results

Written by Customer Service on November 14, 2024. Posted in Earnings Releases And Operating Results.

Dorel Juvenile reports strong results with significant revenue growth Dorel Home underperforms as the furniture industry remains difficultMONTRÉAL, Nov. 14, 2024 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced its financial results for the third quarter and nine months ended September 30, 2024. Third quarter revenue was US$354.2 million, compared to US$359.7 million, down 1.5% from the same period a year ago. Reported net loss was US$21.9 million or US$0.67 per diluted share, compared to US$10.4 million or US$0.32 per diluted share last year. Adjusted net loss1 for 2024 was US$20.2 million or US$0.62 per diluted share as compared to US$10.4 million or US$0.32 per diluted share last year. Revenue for the nine months was US$1,053.4 million, compared to US$1,038.1 million, up 1.5% from the prior year....

Mereo BioPharma to Participate in Fireside Chat at the Jefferies London Healthcare Conference

Written by Customer Service on November 14, 2024. Posted in Public Companies.

LONDON, Nov. 14, 2024 (GLOBE NEWSWIRE) — Mereo BioPharma Group plc (NASDAQ: MREO) (“Mereo” or the “Company”), a clinical-stage biopharmaceutical company focused on rare diseases, today announced that Dr. Denise Scots-Knight, Chief Executive Officer, will participate in a Fireside Chat at the Jefferies London Healthcare Conference on Tuesday, November 19, 2024, at 10:30am ET / 03:30pm GMT. A live audio webcast of the presentation can be accessed through the Investors section of the Company’s website at www.mereobiopharma.com/investors. An archived replay of the webcast will be available on the Company’s website for two weeks following the live event. About Mereo BioPharma Mereo BioPharma is a biopharmaceutical company focused on the development of innovative therapeutics for rare diseases. The Company has two rare disease product...

Intuitive Machines Reports Third Quarter 2024 Results

Written by Customer Service on November 14, 2024. Posted in Public Companies.

HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) — Intuitive Machines, Inc. (Nasdaq: LUNR, “Intuitive Machines,” or the “Company”), a leading space exploration, infrastructure, and services company, today announced its financial results for the third quarter ended September 30, 2024. Intuitive Machines CEO Steve Altemus said, “Intuitive Machines had a very strong third quarter highlighted by key wins, revenue growth, and the largest cash balance in Company history. Throughout the quarter, we continued to focus on our three core service pillars: delivery, data transmission, and infrastructure as services. These pillars provide foundational capabilities that enable the missions and goals of commercial and government exploration of the Moon.” Q3 HighlightsAwarded $116.9 million contract through NASA’s Commercial Lunar Payload Services (CLPS)...

Bel Closes Its Previously Announced Acquisition of Enercon Technologies

Written by Customer Service on November 14, 2024. Posted in Mergers And Acquisitions.

Acquired 80% Stake Upfront with Intent to Purchase Remaining 20% by Early 2027 WEST ORANGE, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) — Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), announced today that it has closed the previously announced majority stake acquisition of Enercon Technologies, Ltd. (“Enercon”) from Fortissimo Capital based on an enterprise value of $400 million. Bel has acquired an 80% stake upfront for $320 million (subject to customary adjustments), plus up to $10 million of potential earnout payments for the 2025-2026 period, with the intent to purchase the remaining 20% by early 2027 based on future EBITDA performance. The transaction was funded through utilization of cash on hand of approximately $80 million, with approximately $240 million provided through incremental borrowings under...

Content Delivery Network Market to Gain USD 93.86 billion by 2031 | SkyQuest Technology

Written by Customer Service on November 14, 2024. Posted in Mergers And Acquisitions.

Content Delivery Network Market size was valued at USD 15.91 billion in 2022 and is poised to grow from USD 19.38 billion in 2023 to USD 93.86 billion by 2031, growing at a CAGR of 21.8% in the forecast period (2024- 2031). Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Content Delivery Network Market will attain a value of USD 93.86 Billion by 2031, with a CAGR of 21.8% during the forecast period (2024-2031). The content growth in the industry is due to increase in online content consumption as a result of digital media outburst, streaming services and e-commerce platforms. One of the major factors driving growth in CDN services market is rising demand for online content delivery network (CDN) services to ensure best performance worldwide especially in developing countries. Again, there is an increasing...

Sensei Biotherapeutics Reports Third Quarter 2024 Financial Results and Recent Business Highlights

Written by Customer Service on November 14, 2024. Posted in Earnings Releases And Operating Results.

– SNS-101 Phase 1/2 dose expansion clinical data expected in the first half of 2025 – – Organizational restructuring to focus resources on advancing the clinical development of SNS-101 – – Cash runway extended into the second quarter of 2026 – BOSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) — Sensei Biotherapeutics, Inc. (Nasdaq: SNSE), a clinical stage biotechnology company focused on the discovery and development of next-generation therapeutics for cancer patients, today reported financial results for the third quarter ended September 30, 2024, and provided corporate updates. “The third quarter of 2024 saw significant progress in advancing patient enrollment in the dose expansion portion of the Phase 1 study for SNS-101 across dose levels and patients with primary and acquired resistance to PD-1 inhibitors....

Year: 2024

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