Day: January 28, 2025

OLNEY, Md., Jan. 28, 2025 (GLOBE NEWSWIRE) — Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported a net loss of $39.5 million ($0.87 per diluted common share) for the quarter ended December 31, 2024, compared to net income of $16.2 million ($0.36 per diluted common share) for the third quarter of 2024 and $26.1 million ($0.58 per diluted common share) for the fourth quarter of 2023.   The current quarter’s net loss is a result of a $54.4 million goodwill impairment charge determined during our annual goodwill impairment test based on the terms of the merger agreement with Atlantic Union Bankshares Corporation (“AUB”).   The goodwill impairment is a non-cash charge and has no impact on the Company’s regulatory capital ratios, cash flows, core operating performance or...

Large pill size, high pill burden and palatability were identified as key barriers for phosphate binder adherence LOS ALTOS, Calif., Jan. 28, 2025 (GLOBE NEWSWIRE) — Unicycive Therapeutics, Inc. (Nasdaq: UNCY), a clinical-stage biotechnology company developing therapies for patients with kidney disease (the “Company” or “Unicycive”), today announced the publication of a review on patient perspectives regarding phosphate management in the peer-reviewed journal, Journal of Nephrological Science. The publication, entitled “Patient Perspectives: The Effects of Contemporary Phosphorus Management on Quality of Life,” examines the challenges of phosphate management therapies from patients’ viewpoints, focusing on the limitations of current phosphate binders and their effect on patients’ quality of life. The publication underscores key...

MONTREAL, Quebec, Jan. 28, 2025 (GLOBE NEWSWIRE) — Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FRA: CM5R) (“Troilus” or the “Company”), is pleased to announce that it has awarded BBA Inc. (“BBA”) the contract for basic and detailed engineering work for the copper and gold Troilus Project (the “Project”), located in north-central Quebec, Canada. This milestone marks a key advancement on the path to construction. BBA is a leading Canadian engineering consulting firm with over 40 years of experience delivering innovative and sustainable solutions across the mining and natural resources sectors. The firm has played a significant role in the development of some of Canada’s most successful and largest gold operations, including the Canadian Malartic Mine and Detour Lake. Additionally, the firm has a longstanding connection to the Troilus...

CALGARY, Alberta, Jan. 28, 2025 (GLOBE NEWSWIRE) — Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce that it has successfully applied for and received a US$75 million tax credit allocation to re-purpose a former glass manufacturing site in southern US to produce pattern solar glass (the “US Project”). The Company is also pleased to announce an addition to its board of directors. Tax Credit Allocation To support the development of the US Project, after receiving a letter of encouragement from the US Department of Energy (the “DOE”) in August of 2024, the Company submitted a detailed application to the DOE’s 48C tax credit program in October of 2024. Following a review of the application by the DOE, the Company has received notice from the US Internal Revenue Service accepting the DOE’s recommendation...

Sustained organic revenue and adjusted EBITDA growth forecasted in 2025. Robust free cash flow will support growth and further deleveraging of the balance sheet. Focus on M&A and business development in 2025 in support of 2028 growth goals.REGINA, Saskatchewan, Jan. 28, 2025 (GLOBE NEWSWIRE) — Information Services Corporation (TSX:ISC) (“ISC”, “we” or the “Company”) today announced its annual guidance and outlook for 2025. Consolidated Annual Guidance 2025 (in millions of Canadian dollars)  Guidance Ranges 2024 Guidance Ranges 2025Revenue $240.0 to $250.0 $257.0 to $267.0Adjusted EBITDA1 $83.0 to $91.0 $89.0 to $97.0Outlook 2025 marks the second year of ISC’s growth plan to again double the size of the Company by 2028, on a similar metrics basis and based on 2023 results. Our guidance for 2025 reflects continued...

ATLANTA, GA., Jan. 28, 2025 (GLOBE NEWSWIRE) — Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, today announced plans to develop its first Import-Export Hub in Canada at Port Saint John in New Brunswick. This facility will be the first-of-its-kind globally to bring together Americold warehouse solutions with the maritime logistics capabilities of DP World and the rail logistics solutions of Canadian Pacific Kansas City (TSX:CP) (NYSE:CP) (CPKC). “Developing a state-of-the-art facility in Port Saint John marks an exciting step forward for Americold as the Company expands into a strategically compelling geography serving high-volume international routes,...

SAN DIEGO, CA, Jan. 28, 2025 (GLOBE NEWSWIRE) — RYVYL Inc. (NASDAQ: RVYL) (“RYVYL” or the “Company”), a leading innovator of payment transaction solutions leveraging electronic payment technology for diverse international markets, has paid the initial tranche of $13.0 million to a securityholder of the Company on January 27, 2025, which completed the following:Redeemed of all shares of the Company’s Series B Convertible Preferred Stock (“Preferred Stock”), for which the liquidation value was $53.1 million. Partially repaid the 8% Senior Convertible Note held by the securityholder (“Note”), reducing the outstanding principal from $18.3 million to $4.0 million, which is due on or before April 30, 2025, and also temporarily suspended (i) the Company’s requirement to pay interest on the remaining principal...

SAB-142 was generally well-tolerated among healthy volunteers; data from Phase 1 trial confirms SAB-142 does not cause serum sickness or anti-drug antibodies at target doseStudy results support that SAB-142 is well-positioned for re-dosing in outpatient setting for type 1 diabetes Results will be presented in an R&D webinar event today at 8:00 am ET; registration details belowMIAMI, Jan. 28, 2025 (GLOBE NEWSWIRE) — SAB BIO (Nasdaq: SABS), (“SAB BIO” or the “Company”), a clinical-stage biopharmaceutical company with a novel immunotherapy platform that is developing human anti-thymocyte immunoglobulin (hIgG) for delaying the onset or progression of type 1 diabetes (T1D), today announced positive topline data from a Phase 1 trial of SAB-142 in a single-ascending dose among healthy volunteers. The study met its primary objectives...

TALLAHASSEE, Fla., Jan. 28, 2025 (GLOBE NEWSWIRE) — Capital City Bank Group, Inc. (NASDAQ: CCBG) today reported net income attributable to common shareowners of $13.1 million, or $0.77 per diluted share, for the fourth quarter of 2024 compared to $13.1 million, or $0.77 per diluted share, for the third quarter of 2024, and $11.7 million, or $0.70 per diluted share, for the fourth quarter of 2023. For the full year of 2024, net income attributable to common shareowners totaled $52.9 million, or $3.12 per diluted share, compared to net income of $52.3 million, or $3.07 per diluted share, for the same period of 2023. QUARTER HIGHLIGHTS (4th Quarter 2024 versus 3rd Quarter 2024) Income StatementTax-equivalent net interest income totaled $41.2 million compared to $40.3 million for the prior quarterNet interest margin increased 5...

RESTON, Va., Jan. 28, 2025 (GLOBE NEWSWIRE) — Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced the signing of a Memorandum of Understanding (“MOU”) with Oklo Inc. (NYSE: OKLO) (“Oklo”), an advanced nuclear power and fuel recycling company. The MOU outlines plans to conduct a feasibility study for co-locating a Lightbridge Commercial-scale Fuel Fabrication Facility at Oklo’s proposed commercial fuel fabrication facility and to explore opportunities for collaboration in recycling nuclear waste. Seth Grae, President and CEO of Lightbridge, commented: “This collaboration with Oklo represents an important strategic step in shaping the future of clean energy. The potential co-location of our commercial fuel fabrication facilities could offer significant synergies...