Day: January 17, 2025

Wellchange Holding Company Limited Announces Closing of $10 Million Public Offering of its Ordinary Shares

Written by Customer Service on January 17, 2025. Posted in Public Companies.

Hong Kong, Jan. 17, 2025 (GLOBE NEWSWIRE) — Wellchange Holding Company Limited (NASDAQ: WCT) (“Company” or the “Wellchange”), an enterprise software solution services provider headquartered in Hong Kong, today announced the closing of its public offering of 25,000,000 ordinary shares at a public offering price of $0.40 per ordinary share. Gross proceeds, before deducting placement agent fees and other offering expenses, were approximately $10 million. Revere Securities LLC acted as exclusive placement agent in connection with the Offering. Pacific Century Securities, LLC acted as advisor to the Company in connection with the Offering. Ortoli Rosenstadt LLP acted as counsel to the Company regarding U.S. securities law matters. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel for the placement agent. The securities...

Stryker commences tender offer for all outstanding shares of common stock of Inari Medical, Inc.

Written by Customer Service on January 17, 2025. Posted in Public Companies.

Portage, Michigan, Jan. 17, 2025 (GLOBE NEWSWIRE) — Stryker (NYSE: SYK) today announced that it is commencing, through a wholly owned subsidiary, Eagle 1 Merger Sub, Inc., a cash tender offer to purchase all of the issued and outstanding shares of common stock of Inari Medical, Inc. (NASDAQ: NARI) for $80.00 per share in cash. The offer is being made pursuant to the previously announced merger agreement, dated as of January 6, 2025, among Stryker, Eagle 1 Merger Sub, Inc and Inari. The tender offer is scheduled to expire at one minute past 11:59 p.m. Eastern Time, on February 18, 2025, unless extended in accordance with the terms of the merger agreement. The tender offer is subject to various conditions, including the minimum tender of at least a majority of the issued and outstanding shares of Inari common stock, the expiration...

FTAI Aviation Announces Full Redemption of Outstanding 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares

Written by Customer Service on January 17, 2025. Posted in Public Companies.

NEW YORK, Jan. 17, 2025 (GLOBE NEWSWIRE) — FTAI Aviation Ltd. (NASDAQ: FTAI; “FTAI Aviation” or the “Company”) announced today that it will redeem all of the Company’s outstanding 4,940,000 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (the “Series B Shares”) at a redemption price equal to $25.00 per Series B Share in cash, plus $2,405,404.25 of accumulated and unpaid distributions thereon to, but not including, the redemption date of February 16, 2025 (the “Redemption”). The Series B Shares trade under the ticker symbol “FTAIO.” A Notice of Full Redemption for the Series B Shares describing the Redemption procedures was sent to holders of the Series B Shares on January 17, 2025. Additional information related to the Redemption procedures, including copies of the Notice of Full Redemption,...

First Bancshares, Inc. Announces Operating Results for Quarter and Year Ended December 31, 2024

Written by Customer Service on January 17, 2025. Posted in Earnings Releases And Operating Results.

MOUNTAIN GROVE, Mo., Jan. 17, 2025 (GLOBE NEWSWIRE) — First Bancshares, Inc. (OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank (“Bank”), today announced its financial results for the quarter and year ended December 31, 2024. For the quarter ended December 31, 2024, the Company reported after-tax net income of $1,719,000 or $0.71 per share-diluted. Year to date the Company reported after-tax net income of $6,578,000 or $2.71 per share-diluted. Consolidated total assets remained relatively level at $537.89 million as of December 31, 2024, compared to $541.56 million on December 31, 2023. Since December 31, 2023, net loans increased to $423.66 million, total deposits increased to $472.60 million, tier 1 capital increased 11.09% to $58.40 million, and total capital increased 10.25% to $64.09 million. During fiscal year...

Core Specialty Completes Acquisition of London Aviation Underwriters; Forms Aviation & Aerospace Division

Written by Customer Service on January 17, 2025. Posted in Mergers And Acquisitions.

Represents Core Specialty’s 18th specialty business unit and a component of the Fronted Programs subsegment London Aviation Underwriters (LAU) to operate as a separately managed Division of Core Specialty, retaining the LAU brand and management team Jeff Sutton appointed as President of the new Aviation & Aerospace Division LAU produced $44mm of GAAP gross premiums written in 2024CINCINNATI, Jan. 17, 2025 (GLOBE NEWSWIRE) — Core Specialty Insurance Holdings, Inc. and its subsidiaries (“Core Specialty” or the “Company”) announced today that it has completed the acquisition of London Aviation Underwriters, Inc. (“LAU”) which was previously announced on January 6, 2025. The completed transaction represents Core Specialty’s 18th specialty business unit, adding to the Fronted Programs subsegment. As part of the transaction,...

Hingham Savings Reports 2024 Results

Written by Customer Service on January 17, 2025. Posted in Earnings Releases And Operating Results.

HINGHAM, Mass., Jan. 17, 2025 (GLOBE NEWSWIRE) — HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS), Hingham, Massachusetts announced earnings for the fourth quarter and the year ended December 31, 2024. Earnings Net income for the year ended December 31, 2024 was $28,191,000 or $12.95 per share basic and $12.85 per share diluted, as compared to $26,371,000 or $12.26 per share basic and $12.02 per share diluted for the same period last year. The Bank’s return on average equity for the year ended December 31, 2024 was 6.68%, and the return on average assets was 0.65%, as compared to 6.57% and 0.63% for the same period in 2023. Net income per share (diluted) for 2024 increased by 7% over 2023. Core net income, which represents net income excluding the after-tax net gain on equity securities, both realized and unrealized, and the after-tax...

Nokia Corporation: Repurchase of own shares on 17.01.2025

Written by Customer Service on January 17, 2025. Posted in Public Companies.

Nokia CorporationStock Exchange Release17 January 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 17.01.2025 Espoo, Finland – On 17 January 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 872,093 4.39CEUX – –BATE – –AQEU – –TQEX – –Total 872,093 4.39* Rounded to two decimals On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014...

Correction: Preliminary information on Martela’s 2024 revenue and operating result

Written by Customer Service on January 17, 2025. Posted in Public Companies.

Martela Corporation, inside information, 17.1.2025 at 22:30 Martela will revise its stock exchange release published on 17.1.2025 at 17:40 regarding the company’s comparative figures from 2023. The original release stated the sentence: “Revenue for January-December 2024 was EUR 94.4 million and operating result EUR -2.4 million”. The year was mistakenly stated as 2024 instead the correct comparative year 2023. The corrected sentence is “Revenue for January-December 2023 was EUR 94.4 million and operating result EUR -2.4 million”. The corrected release is as follows: Preliminary information on Martela’s 2024 revenue and operating result Martela Corporation, inside information, 17.1.2025, at 17:40 Based on unaudited preliminary financial statements for 2024 Martela’s operating result did not reach the level released in...

Scorpius Holdings Cancels Planned Reverse Stock Split

Written by Customer Service on January 17, 2025. Posted in Public Companies.

DURHAM, N.C., Jan. 17, 2025 (GLOBE NEWSWIRE) — Scorpius Holdings, Inc (NYSE American: SCPX) (“Scorpius” or “the Company”), an integrated contract development and manufacturing organization (“CDMO”), today announced that the Company’s planned 1-for-20 reverse stock split (the “Reverse Stock Split”) of its common stock (the “Common Stock”) that was announced yesterday, will not be effectuated. Scorpius Holdings, Inc. Scorpius Holdings, Inc. is an integrated contract development and manufacturing organization (CDMO) focused on rapidly advancing biologic programs to the clinic and beyond. Scorpius offers a broad array of analytical testing, process development, and manufacturing services to pharmaceutical and biotech companies at its state-of-the-art facilities in San Antonio, TX. With an experienced team and new, purpose-built U.S....

Philux Global Group to Expedite Closings of Largest Financing Transactions

Written by Customer Service on January 17, 2025. Posted in Public Companies.

New York, Jan. 17, 2025 (GLOBE NEWSWIRE) — PHI Group, Inc. (n/k/a Philux Global Group Inc., www.philuxglobal.com, PHIL), is pleased to announce that the Company is taking strong steps to expedite the closing of the two largest financing transactions consisting of the US$3-billion Joint Venture/Partnership Agreement and the US$ 5-billion Private Investor Contract Partnership Agreement as filed in Form 8-K’s with the Securities and Exchange Commission on August 22, 2022 and January 16, 2025, respectively. Though we have experienced long delays with the smaller financing packages due to various reasons which are currently being addressed for immediate resolutions, the Company is putting forth our best efforts with strong steps to close these two largest financing transactions in the coming weeks. The Company intends to immediately...

Day: January 17, 2025

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