Month: January 2025

Nokia CorporationStock Exchange Release2 January 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 02.01.2025 Espoo, Finland – On 2 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 4.30CEUX – –BATE – –AQEU – –TQEX – –Total 872,093 4.30* 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 (MAR),...

Divestiture Highlights Strategic Plans on Potential High-Impact Acquisitions Strategic Divestment Reduces Cash Burn and Enhances Operational Efficiency NEWPORT BEACH, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) — PMGC Holdings Inc. (formerly Elevai Labs Inc.) (the “Company” or “PMGC”) (Nasdaq: ELAB) today announced its commitment to accelerating shareholder value creation and market leadership following the sale of its skincare subsidiary, Elevai Skincare. This strategic divestiture marks a significant milestone in PMGC’s journey as a diversified holding company. The sale was executed to maximize immediate financial benefit while securing future upside through structured royalties and milestone payments. It has notably strengthened PMGC’s balance sheet, reduced operational losses, and paved the way for new opportunities that align with...

BETHESDA, MD, Jan. 02, 2025 (GLOBE NEWSWIRE) — Alset Inc. (NASDAQ: AEI) (the “Company”), a diversified company engaged through its subsidiaries in the development of EHome communities and other real estate, financial services, digital transformation technologies, biohealth activities and consumer products with operations in the United States, Singapore, Hong Kong and South Korea, today announced that it has entered into definitive agreements in a registered direct offering with institutional investors for the purchase and sale of approximately $1.5 million of shares of common stock and pre-funded warrants at a price of $1.00 per share of common stock. The entire transaction has been priced at the market under Nasdaq rules. The offering consists of the sale of 1,500,000 shares of common stock (or pre-funded warrants). The public...

NEW YORK, Jan. 02, 2025 (GLOBE NEWSWIRE) — Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report fourth-quarter 2024 earnings on Friday, January 24, 2025. The company will present results on a webcast beginning at 8:30 a.m. Eastern Time. Fourth-quarter 2024 materials will be available at 7:00 a.m. ET on Verizon’s Investor Relations website, https://www.verizon.com/about/investors. These materials will include:Detailed information on Verizon’s fourth-quarter and full year results, including a recording and transcript of management’s commentary; Verizon’s earnings news release; and Financial tables.Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered...

Newly-Announced Regulation from the California Department of Insurance Will Address Property Insurance Availability by Allowing Forward-Looking Catastrophe Models Jersey City, Jan. 02, 2025 (GLOBE NEWSWIRE) — In a groundbreaking step toward a more resilient and sustainable property insurance market in California, Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, announced today that it is the first modeler to request a review of its wildfire catastrophe model by the California Department of Insurance (CDI).  This development is made possible as one part of California Insurance Commissioner Ricardo Lara’s Sustainable Insurance Strategy, which includes the decision to allow catastrophe models to be used by insurance carriers as a critical tool for assessing catastrophic risk. Verisk is the first to...

Recognition Underscores Binah’s Transformative Impact on the Financial Services Industry NEW YORK, Jan. 02, 2025 (GLOBE NEWSWIRE) — Binah Capital Group, (NASDAQ: BCG) (“Binah” or the “Company”), a financial services enterprise that owns and operates a network of industry-leading firms empowering independent financial advisors, is honored to be recognized for its significant role in four of the most impactful financial transactions of the year, as featured in the Financial Planning’s premier “Top IBD Moves and M&A Deals of 2024” list. Through its affiliate, Binah Capital has solidified its position as a leader in driving transformative growth within the financial advisory sector. The highlighted transactions, in which a Binah subsidiary was involved, include Americana Partners,...

REDMOND, Ore., Jan. 02, 2025 (GLOBE NEWSWIRE) — Expion360 Inc. (Nasdaq: XPON) (the “Company”), an industry leader in lithium-ion battery power storage solutions, today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of shares of its common stock, par value $0.001 per share (“Common Stock”) and pre-funded warrants to purchase Common Stock (each, a “Pre-Funded Warrant”) in a registered direct offering. In a concurrent private placement, the Company also agreed to sell to the same investors warrants to purchase Common Stock (the “Warrants”). Aggregate gross proceeds to the Company from both transactions are expected to be approximately $2.6 million. The entire transaction has been priced at the market under Nasdaq rules. The transactions consisted of the sale of 1,048,386...

GRAND RAPIDS, Mich., Jan. 02, 2025 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that Christopher Michaels has been appointed as the organization’s new Chief Operating Officer, effective January 2, 2025. William B. (Brad) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented: “Chris is a proven leader with a deep understanding of our business with a successful track record for driving transformation within our organization which makes him uniquely suited for this role. I am confident that this appointment will position us to better serve our customers and achieve our long-term growth goals.” Since January 2020, Mr. Michaels has served as the Chief Information Officer and Senior Vice President...

RENO, Nev., Jan. 02, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (Nasdaq:PLBC), the bank holding company and the parent company of Plumas Bank, recently announced that after 40 years of service, Terrance J. Reeson retired from the Board of Directors of Plumas Bancorp and Plumas Bank effective December 31, 2024. Reeson was appointed to the Plumas Bank Board of Directors in 1984 and served as the board secretary for over three decades. Additionally, he served on various board committees throughout his tenure including Audit & Risk, Executive, and Governance & Compensation. Chairman of the Board, Daniel E West, commented, “Terry’s unwavering commitment and invaluable contributions to our organization over the past four decades have been instrumental in driving our organization forward. On behalf of the entire board, we...

Primary Mortgage Market Survey®U.S. weekly average mortgage rates as of 01/02/2025MCLEAN, Va., Jan. 02, 2025 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.91 percent. “Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months,” said Sam Khater, Freddie Mac’s Chief Economist. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist. However, buyers appear to be more inclined to get off the sidelines as pending home sales rise.” News FactsThe 30-year FRM averaged 6.91 percent as of January 2, 2025, up from last week when it averaged 6.85 percent. A year ago at this time, the 30-year FRM averaged 6.62...