Month: January 2025

Velan Announces Major Strategic Initiatives

Written by Customer Service on January 15, 2025. Posted in Public Companies.

Enters into definitive agreement with an affiliate of Global Risk Capital to divest its asbestos-related liabilities at a cost of US$143 million Enters exclusive negotiations with Framatome for the sale of its French subsidiaries for a purchase price of US$175.2 million (€170 million), with the benefit of the transfer of an intercompany loan of US$23.2 million (€22.5 million), for total consideration to Velan of US$198.4 million (€192.5 million)MONTREAL, Jan. 14, 2025 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today major strategic initiatives that will significantly reduce operating and financial risks as well as strengthen its financial position. All amounts are expressed in U.S. dollars unless indicated otherwise. “We believe these two...

Mondee Takes Strategic Action to Position the Company for Long-Term Growth

Written by Customer Service on January 15, 2025. Posted in Public Companies.

AUSTIN, Texas, Jan. 14, 2025 (GLOBE NEWSWIRE) — Mondee Holdings, Inc. (OTC: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, today announced that it has entered into a restructuring support agreement which outlines a series of transactions that will strengthen the Company’s balance sheet and position it for long term success, including a term sheet to sell substantially all of the assets of the Company to a newly formed entity owned by, among others, affiliates of TCW Asset Management Company LLC and Wingspire Capital LLC (the “TCW Bid”). If the TCW Bid is the successful one, following the closing of the sale, Mr. Prasad Gundumogula will have a 75% equity stake in, and serve as CEO of, the newly formed entity. To effect the sale of the Company to the current bidder...

Magnite Strengthens Partnership with Samsung Ads to Power Programmatic Advertising on Samsung TV Plus in Southeast Asia

Written by Customer Service on January 15, 2025. Posted in Public Companies.

Advertisers can now buy Samsung TV Plus inventory programmatically in Singapore, the Philippines, and Thailand through Magnite SINGAPORE, Jan. 15, 2025 (GLOBE NEWSWIRE) — Magnite (Nasdaq: MGNI), the largest independent sell side advertising company, announced it has strengthened its partnership with Samsung Ads to power programmatic advertising on Samsung TV Plus inventory in Singapore, the Philippines and Thailand for the first time. Advertisers now have programmatic access to premium video inventory on Samsung’s free ad-supported streaming TV (FAST) service, Samsung TV Plus, which went live across the Southeast Asia region late last year. Samsung TV Plus is now available on millions of Samsung Smart TVs across Singapore, the Philippines, and Thailand. The built-in streaming service delivers free, instant access to a wide range...

NWTN and W Motors Announce Strategic Joint Venture to Redefine the Future of Automotive Innovation

Written by Customer Service on January 15, 2025. Posted in Public Companies.

Dubai, UAE, Jan. 14, 2025 (GLOBE NEWSWIRE) — NWTN Inc, a pioneer in sustainable energy and mobility (“NWTN”), and W Motors Automotive Group Holding Limited, a homegrown brand and a mobility solutions provider in UAE (“W Motors”), are proud to announce a strategic joint venture aimed at expanding their automotive business throughout diverse mobility projects. This partnership will combine NWTN’s network and access with W Motors’ design and technology excellence to create an unparalleled portfolio of sustainable and solutions-focused vehicles for different sectors and regions. Under the terms of the joint venture, NWTN and W Motors will collaborate on research and development, manufacturing, and market expansion strategies, with a focus on mid luxury vehicles, security and enforcement vehicles as well as sustainable mobility solutions...

HYTN Secures Additional Permits to Expand International GMP Cannabis Exports

Written by Customer Service on January 15, 2025. Posted in Public Companies.

VANCOUVER, British Columbia, Jan. 14, 2025 (GLOBE NEWSWIRE) — HYTN Innovations Inc. (CSE: HYTN, FSE: 85W0, OTC PINK: HYTNF) (“HYTN” or the “Company”), a pharmaceutical company specializing in pharmaceutical-grade cannabis manufacturing is pleased to announce that it has received a new set of import permits from the United Kingdom’s Home Office and corresponding export permits from Health Canada. These permits enable the fulfillment of international orders totaling over 400 kilograms of Good Manufacturing Practice (GMP) cannabis products, advancing HYTN’s global reach and operational capabilities. This development underscores HYTN’s strategic transformation from a cannabis producer primarily serving the Canadian recreational market to a global manufacturer of non-sterile pharmaceuticals. The Company’s focus on international...

Concrete Pumping Holdings Announces Special Cash Dividend of $1.00 Per Share

Written by Customer Service on January 15, 2025. Posted in Dividend Reports And Estimates.

DENVER, Jan. 14, 2025 (GLOBE NEWSWIRE) — Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company”) announced today that its Board of Directors has declared a special, one-time cash dividend of $1.00 per share of common stock (the “Special Dividend”). The Special Dividend will be paid on or about February 3, 2025, subject to the closing of the Company’s previously announced offering of $425.0 million aggregate principal amount of senior secured second lien notes due 2032. Stockholders of record as of January 24, 2025 will be eligible to receive the Special Dividend. The aggregate amount of the payment to be made in connection with the Special Dividend is expected to be approximately $53 million. The tax treatment of the Special Dividend to any particular stockholder will depend on the stockholder’s particular tax circumstances. The...

Serina Therapeutics Welcomes Karen J. Wilson to its Board of Directors

Written by Customer Service on January 14, 2025. Posted in Public Companies.

HUNTSVILLE, AL, Jan. 14, 2025 (GLOBE NEWSWIRE) — Serina Therapeutics, Inc. (“Serina”) (NYSE American: SER), a clinical-stage biotechnology company developing its proprietary POZ Platform™ drug delivery technology, today announced the appointment of Karen J. Wilson to the Board of Directors. “We are excited to welcome Karen to the Board of Directors. Karen’s financial expertise and deep understanding of the biotech landscape will play a crucial role in guiding our strategic initiatives and delivering transformative therapies to patients,” said Steve Ledger, Serina’s Chief Executive Officer. Ms. Wilson brings over three decades of leadership experiences in the life sciences sector. She currently serves as a board director for Connect Biopharma Holdings Limited, Elicio Therapeutics, Inc. and LAVA Therapeutics N.V. Previously,...

Eldorado Gold Delivers Gold Production of 520,293 Ounces in 2024, Above the Midpoint of Tightened Guidance, With Solid Fourth Quarter Preliminary Gold Production of 155,669 Ounces; Provides Skouries Construction Progress and Conference Call Details

Written by Customer Service on January 14, 2025. Posted in Public Companies.

(All dollar figures are in US dollars, unless otherwise stated) VANCOUVER, British Columbia, Jan. 14, 2025 (GLOBE NEWSWIRE) — Eldorado Gold Corporation (“Eldorado” or “the Company”) announces fourth quarter 2024 preliminary gold production of 155,669 ounces, and full year preliminary gold production of 520,293 ounces, delivering 7% annual production growth over 2023. Fourth quarter production was very strong at the Lamaque Complex and Kisladag, while Efemcukuru continued to deliver on expectations. Overall production was well in line with the Company’s guidance of a stronger second half in 2024. Full year preliminary production was above the midpoint of the tightened guidance range of 505,000 to 530,000 ounces, as announced in the third quarter 2024 results news release. Detailed production, by asset, is outlined in the table below. 2024...

W&T Offshore Prices $350 Million Senior Second Lien Notes Offering

Written by Customer Service on January 14, 2025. Posted in Public Companies.

HOUSTON, Jan. 14, 2025 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T Offshore” or the “Company”) today announced the pricing of its previously announced offering of $350 million in aggregate principal amount of 10.750% senior second lien notes due 2029 (the “Notes”) at par in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The closing of the offering of the Notes is expected to occur on January 28, 2025, subject to customary closing conditions. The Company intends to use the net proceeds of the offering, along with cash on hand, to (i) purchase for cash pursuant to a tender offer, the Company’s outstanding 11.750% Senior Second Lien Notes due 2026 (the “2026 Senior Second Lien Notes”) that are validly tendered pursuant to the terms thereof...

Gatos Silver Reports Stockholder Approval of Merger with First Majestic

Written by Customer Service on January 14, 2025. Posted in Mergers And Acquisitions.

VANCOUVER, British Columbia, Jan. 14, 2025 (GLOBE NEWSWIRE) — Gatos Silver, Inc. (NYSE:GATO) (TSX:GATO) (“Gatos Silver” or the “Company”) today announced that Gatos Silver’s stockholders have voted to adopt the proposal related to the previously announced merger agreement between First Majestic Silver Corp. (“First Majestic”) and Gatos Silver (the “Merger Resolution”). The vote was held at Gatos Silver’s special stockholders meeting earlier today. The Merger Resolution was required to be approved by Gatos Silver stockholders representing a majority of the outstanding shares of common stock of Gatos Silver (“Gatos Silver Shares”). Approximately 71.3% of the outstanding Gatos Silver Shares were voted in favor of the Merger Resolution. The final voting results will be reported on a Form 8-K filed with the Securities and Exchange Commission. In...

Month: January 2025

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