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Day: January 23, 2025

Ascentage Pharma Announces Pricing of U.S. Initial Public Offering

ROCKVILLE, Md. and SUZHOU, China, Jan. 23, 2025 (GLOBE NEWSWIRE) — Ascentage Pharma (Nasdaq: AAPG) (HKEX: 6855) announced today the pricing of its U.S. initial public offering of 7,325,000 American depositary shares (“ADSs”), at a public offering price of $17.25 per ADS, before underwriting discounts and commissions. Each ADS represents four ordinary shares of Ascentage Pharma. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Ascentage Pharma, are expected to be approximately $126.4 million. In addition, Ascentage Pharma has granted the underwriters a 30-day option to purchase up to an additional 1,098,750 ADSs at the initial public offering price, less underwriting discounts and commissions. The ADSs are expected to begin trading on the Nasdaq...

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Barletta Boats Honored with Third Consecutive Innovation Award at Minneapolis Boat Show

BRISTOL, Ind., Jan. 23, 2025 (GLOBE NEWSWIRE) — Barletta Pontoon Boats, one of the fastest-growing pontoon boat makers in the segment and a wholly owned subsidiary of Winnebago Industries (NYSE: WGO), a leading outdoor recreation product manufacturer, has been recognized with a 2025 Discover Boating® Minneapolis Boat Show® Innovation Award by the National Marine Manufacturers Association (NMMA) and Boating Writers International (BWI) for its reimagined helm design and addressable lighting application, aesthetically unique and the first introduction of addressable lighting in the pontoon segment. Addressable lighting, which refers to a more advanced version of traditional RGB LEDs, gives users greater control over individual LEDs including color, brightness and pattern. This added functionality, combined with a reimagined helm design...

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Gran Tierra Energy Inc. Reports Robust Reserves Replacement and Record High Reserves

Sixth Consecutive Year of 1P Total Reserves Growth Resulting in Highest Total Reserves in Company History Delivered 702% 1P and 1,249% 2P Reserves Replacement Including Recent Acquisition Total Liquids 1P and 2P Reserves Increased to 128 and 217 Million Barrels of Oil Equivalent with 1P and 2P Reserve Life Index increasing to 10 and 17 Years, Respectively Added Total Reserves of 89 MMBOE 1P, 159 MMBOE 2P and 191 MMBOE 3P Net Present Value Before Tax Discounted at 10% of $2.0 Billion (1P), $3.2 Billion (2P), and $4.5 Billion (3P) Net Asset Value per Share of $35.24 Before Tax and $19.53 After Tax (1P), and $71.16 Before Tax and $41.05 After Tax (2P) Strong Finding, Development & Acquisition Costs of $4.49 (1P), $2.52 (2P) and $2.10 (3P), Excluding Changes in Future Development CostsCALGARY, Alberta, Jan. 23, 2025 (GLOBE NEWSWIRE)...

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Heritage Commerce Corp Reports Robust Loan and Deposit Growth in 2024

SAN JOSE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) — Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its fourth quarter 2024 net income was $10.6 million, or $0.17 per average diluted common share, compared to $10.5 million, or $0.17 per average diluted common share, for the third quarter of 2024, and $13.3 million, or $0.22 per average diluted common share, for the fourth quarter of 2023. For the year ended December 31, 2024, net income was $40.5 million, or $0.66 per average diluted common share, compared to $64.4 million, or $1.05 per average diluted common share, for the year ended December 31, 2023. All data are unaudited. “Our earnings for both the fourth quarter of 2024 and the full year were fueled by excellent deposit growth and...

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Lumine Group to Acquire Vidispine from Arvato Systems

TORONTO, Jan. 23, 2025 (GLOBE NEWSWIRE) — Lumine Group Inc. (“Lumine Group” or “the Company”) (TSXV: LMN), a global buy-and-hold forever acquirer of communications and media software businesses, announced today that, through one of its wholly-owned subsidiaries, it has entered into an agreement to acquire assets related to the Vidispine brand and business (“Vidispine”) from Arvato Systems, a subsidiary of Bertelsmann SE & Co. KGaA. Vidispine, a brand within Arvato Systems, helps companies streamline their sales and core operations by offering Broadcast management solutions for Media Asset Management. Vidispine focuses on innovation, enhancing workflow efficiency, and maximizing content potential. Vidispine is based in Germany. Once the acquisition is completed, it will be Lumine Group’s 15th corporate carve-out transaction...

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RF Acquisition Corp. Shareholders Approve Business Combination with GCL Global Holdings Ltd.

SINGAPORE, Jan. 23, 2025 (GLOBE NEWSWIRE) — RF Acquisition Corp. (Nasdaq: RFAC) (“RFAC”), a publicly traded special purpose acquisition company, announced that at its Special Meeting earlier today, January 23, 2025, its stockholders approved the previously announced business combination with GCL Global Limited (“GCL”), one of Asia’s leading video game distributors and publishers. Complete official results of the vote will be included in a current report on Form 8-K to be filed by RFAC with the U.S. Securities and Exchange Commission (the “SEC”). Subject to satisfaction of customary closing conditions, the business combination is expected to close in the coming weeks, resulting in each of GCL and RFAC becoming a wholly-owned subsidiary of GCL Global Holdings Ltd. (the “Combined Company”), with its ordinary shares and warrants...

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Mueller Water Products Announces Dates for First Quarter 2025 Earnings Release and Conference Call

ATLANTA, Jan. 23, 2025 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE: MWA) plans to release financial results for its first quarter ended December 31, 2024, after U.S. markets close on Tuesday, February 4, 2025. On Wednesday, February 5, 2025, at 9:30 a.m. ET, the Company will hold a conference call to discuss earnings and business results. Interested parties are invited to listen via webcast available on the Investor Relations section of the Company’s website www.muellerwaterproducts.com. An archive of the webcast will be available for approximately 90 days following the call. About Mueller Water Products, Inc. Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America. Our broad portfolio includes engineered...

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First Western Reports Fourth Quarter 2024 Financial Results

Fourth Quarter 2024 SummaryNet income available to common shareholders of $2.7 million in Q4 2024, compared to $2.1 million in Q3 2024 Diluted earnings per share of $0.28 in Q4 2024, compared to $0.22 in Q3 2024 Net interest income of $16.9 million in Q4 2024, compared to $15.6 million in Q3 2024 Net interest margin increased 13 basis points from 2.32% in Q3 2024 to 2.45% in Q4 2024 Total loans increased 2.1% from $2.40 billion in Q3 2024 to $2.45 billion in Q4 2024 Average deposits increased 4.0% from $2.40 billion in Q3 2024 to $2.50 billion in Q4 2024DENVER, Jan. 23, 2025 (GLOBE NEWSWIRE) — First Western Financial, Inc. (“First Western” or the “Company”) (NASDAQ: MYFW), today reported financial results for the fourth quarter ended December 31, 2024. Net income available to common shareholders was $2.7 million, or $0.28 per...

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First Bank Announces Fourth Quarter 2024 Net Income of $10.5 Million and Full Year Net Income of $42.2 Million

Results highlighted by strong loan growth, continued operating efficiency, and solid asset quality HAMILTON, N.J., Jan. 23, 2025 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) (“the Bank”) today announced results for the fourth quarter and full year 2024. Net income for the fourth quarter of 2024 was $10.5 million, or $0.41 per diluted share, compared to $8.4 million, or $0.33 per diluted share, for the fourth quarter of 2023. Return on average assets, return on average equity and return on average tangible equityi for the fourth quarter of 2024 were 1.10%, 10.27% and 11.82%, respectively, compared to 0.93%, 9.06% and 10.67%, respectively, for the fourth quarter of 2023.  Full year 2024 net income was $42.2 million, or $1.67 per diluted share, compared to $20.9 million, or $0.95 per diluted share for 2023....

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MasterCraft Boat Holdings, Inc. to Webcast Fiscal Second Quarter 2025 Earnings Conference Call Thursday, February 6, 2025

Live webcast at 8:30 a.m. EST VONORE, Tenn., Jan. 23, 2025 (GLOBE NEWSWIRE) — MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (the “Company”) will host a live webcast of its fiscal second quarter 2025 earnings conference call on Thursday, February 6, 2025, at 8:30 a.m. EST. Brad Nelson, Chief Executive Officer, and Tim Oxley, Chief Financial Officer, will discuss the Company’s financial results. The Company will issue a pre-market earnings release prior to the call on February 6, 2025. Participants may access the conference call live via webcast on the investor section of the Company’s website, Investors.MasterCraft.com, on the day of the conference call by clicking on the webcast icon. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation...

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