Day: February 3, 2025

Catalyst Announces Hiring of Craig Weynand as General Counsel

Written by Customer Service on February 3, 2025. Posted in Public Companies.

Attorney with Nearly 35 Years of Experience Joins Growing Alternative Financial Solutions Provider NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Catalyst Capital Advisors LLC, a leading provider of alternative and innovative investment solutions, today announced the hiring of Craig Weynand as General Counsel. In this newly created position, Mr. Weynand will serve as chief legal advisor, overseeing all aspects of legal and regulatory operations across the Catalyst organization.Prior to joining Catalyst, Mr. Weynand worked as Counsel, Chief Compliance Officer & Secretary for Gabelli & Company Investment Advisers, a wholly-owned subsidiary of Associated Capital Group that serves as the alternative investment arm of the Gabelli Group of Companies. Prior to his tenure with the Gabelli Group, Mr. Weynand held a variety of positions...

ACNB Corporation Announces Completion of Traditions Bancorp, Inc. Acquisition

Written by Customer Service on February 3, 2025. Posted in Mergers And Acquisitions.

GETTYSBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) — ACNB Corporation (NASDAQ: ACNB), the parent financial holding company of ACNB Bank, a Pennsylvania state-chartered, FDIC-insured community bank, headquartered in Gettysburg, PA, announced the completion of the acquisition of Traditions Bancorp, Inc. (“Traditions”) and its wholly-owned subsidiary, Traditions Bank, headquartered in York, PA, effective February 1, 2025. Traditions was merged with and into a wholly-owned subsidiary of ACNB Corporation immediately followed by the merger of Traditions Bank with and into ACNB Bank. ACNB Bank will operate the former Traditions Bank branches as “Traditions Bank, A Division of ACNB Bank”. In connection with the close of the acquisition, Traditions stockholders received 0.7300 shares of ACNB Corporation common stock for each share of Traditions...

Lavoro Reports Fiscal First Quarter 2025 Earnings Results

Written by Customer Service on February 3, 2025. Posted in Earnings Releases And Operating Results.

1Q25 consolidated revenue of R$2.05 billion reais decreased -13% year-over-year (y/y), driven by the lingering effects of input price deflationary headwinds in Brazil Ag Retail, partially offset by growth in Crop Care. In USD terms1, revenue declined -24% y/y to $370.2 million, including a -12% depreciation of the Brazilian real (BRL) relative to the prior year period. Gross profit increased 10% to R$321.2 million in 1Q25, with gross margins expanding 320 bps to 15.6%, driven by improved distribution margins in Brazil Ag Retail. In USD terms, gross profit declined -4% to $57.9 million, reflecting the currency translation effect. 1Q25 Crop Care segment revenue grew 68% to R$293.7 million, led by strong performance from subsidiaries Union Agro (specialty fertilizer) and Perterra (post-patent private label agrochemicals). In USD terms,...

Fingerprint Cards AB (Fingerprints) partners with leading advisory firm to grow IP commercialization and defend its technology

Written by Customer Service on February 3, 2025. Posted in Public Companies.

Fingerprint Cards AB (Fingerprints), a global leader in biometric technology, is pleased to announce a strategic partnership with a leading IP advisory firm to expand its IP commercialization and to defend its technology rights. This collaboration aims to capitalise on Fingerprints’ strong patent portfolio and will support multiple IP commercialization opportunities concurrently. The IP commercialization initiative, which began in July 2023, following the establishment of the New Business unit, has already yielded significant results, with the first revenue generated in 2024, following the signing of a patent licence agreement with a major global firm as the licensee. Fingerprints has identified several new opportunities and is optimistic about successfully pursuing these with the support of its new partner. “Fingerprints have built...

Outbrain Completes the Acquisition of Teads

Written by Customer Service on February 3, 2025. Posted in Mergers And Acquisitions.

Combination Creates the Omnichannel Outcomes Platform for the Open Internet Highlights:The combination will merge two open internet category leaders to create a unified omnichannel platform that delivers outcomes from branding to performance across all screens, including CTV, mobile and web. The new company will operate under the name Teads. The union creates one of the largest open internet companies, with combined advertising spend of approximately $1.7 billion (FY24), reaching 2.2 billion consumers. The company will unite two of the richest contextual and interest data sets on the open internet, powering an advanced AI prediction engine to optimize advertiser outcomes. Outbrain CEO, David Kostman, will serve as CEO of the combined company, with Jeremy Arditi and Bertrand Quesada, former Teads CEOs, assuming the roles of Co-President,...

Apogee Therapeutics Announces First Patient Dosed in Part B of Phase 2 APEX Trial of APG777 in Patients with Moderate-to-Severe Atopic Dermatitis

Written by Customer Service on February 3, 2025. Posted in Public Companies.

Enrollment of Part A completed ahead of schedule and exceeded enrollment target with 123 patients enrolled Part A 16-week proof-of-concept data anticipated in mid-2025 SAN FRANCISCO and BOSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) — Apogee Therapeutics, Inc., (Nasdaq: APGE), a clinical-stage biotechnology company advancing novel biologics with potential for differentiated efficacy and dosing in the largest inflammatory and immunology (I&I) markets, including for the treatment of atopic dermatitis (AD), asthma, chronic obstructive pulmonary disease (COPD), eosinophilic esophagitis (EoE) and other I&I indications, today announced the first patient has been dosed in the Part B portion of the Phase 2 APEX clinical trial of APG777 in patients with moderate-to-severe AD, as well as enrollment completion in the Part A portion of the...

Liquidity Services Acquires Auction Software, a leading provider of auction software and marketplace technology

Written by Customer Service on February 3, 2025. Posted in Mergers And Acquisitions.

New unit will deliver secure, scalable auction software to the multi-billion dollar Circular Economy BETHESDA, Md., Feb. 03, 2025 (GLOBE NEWSWIRE) — Liquidity Services, Inc. (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced the acquisition of Auction Software/Simple Auction Site, to form the core of Liquidity Services Software Solutions, Inc, a new private-label and software-as-a-service (SaaS) arm of Liquidity Services, Inc. The transaction strengthens Liquidity Services’ penetration of the large and fragmented Circular Economy marketplace, extending its software development team’s capabilities and its ability to support entrepreneurs, small and medium sized businesses, and global F500 corporations through complimentary private-label and SaaS marketplace solutions. Founded in 2015...

Brookfield Completes Acquisition of Chemelex

Written by Customer Service on February 3, 2025. Posted in Mergers And Acquisitions.

NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Brookfield Asset Management (NYSE: BAM, TSX: BAM) through one of its private equity funds, together with its listed affiliate Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC), today announced that it has completed the acquisition of Chemelex (“the business”) from nVent Electric Plc for a purchase price of $1.7 billion. Chemelex is a global leader in the design and manufacturing of electric heat trace systems, the specialized wiring systems that regulate the temperature of pipes in industrial plants and commercial buildings. With high barriers to entry and strong brand recognition as the inventor of electric heat tracing in 1972, the business sells its products into the industrial, commercial and residential, traditional and clean energy, and infrastructure markets. Dave...

Nuvini Group Limited Reports Strong Growth in First Half 2024 Results

Written by Customer Service on February 3, 2025. Posted in Earnings Releases And Operating Results.

Adjusted EBITDA Up 25%, Operating Profitability Shows Significant Improvement NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Nuvini Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer of private SaaS B2B companies in Latin America, today announced its unaudited financial results for the first half of 2024, reflecting continued revenue growth, operational efficiencies, and financial resilience. The company will file a 6-K with the SEC today. Key Financial Highlights:Operating Profit: R$14.2 million, a dramatic increase from R$0.3 million in the prior year period, demonstrating improved operational efficiencies and cost management. Adjusted EBITDA: R$26.5 million, a 25% increase from R$21.2 million in H1 2023, reflecting improved profitability and disciplined cost control. Net Revenue: R$92.2 million, a 12.5%...

Nokia selected by DE-CIX to upgrade New York’s largest Internet Exchange backbone

Written by Customer Service on February 3, 2025. Posted in Public Companies.

Press Release Nokia selected by DE-CIX to upgrade New York’s largest Internet Exchange backbone New York’s largest Internet Exchange to receive 400GE backbone upgrade and 800GE support as network ecosystem grows, resulting in greater router flexibility and operational resilience. Nokia optical solution offers improved flexibility, faster incident response times, and seamless customer experience with no service interruptions.3 February 2025New York, USA – Nokia and DE-CIX, the world’s leading Internet Exchange (IX) operator, today announced the upgrade of the backbone network for DE-CIX New York, the largest IX in NY and in the US Northeast region. The DE-CIX backbone will be upgraded to 400 Gigabit Ethernet (GE) using Nokia optical technology and redesigned in a ring topology, redundantly interconnecting the 10 data center...

Day: February 3, 2025

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