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Day: February 14, 2025

Outlook Therapeutics® Reports Financial Results for First Quarter Fiscal Year 2025 and Provides Corporate Update

ONS-5010 / LYTENAVA™ (bevacizumab-vikg) Biologics License Application (BLA) resubmission on track to meet target of Q1 CY2025 LYTENAVA™ (bevacizumab gamma) on track for first commercial launches in Germany and the United Kingdom (UK) planned for Q2 CY2025ISELIN, N.J., Feb. 14, 2025 (GLOBE NEWSWIRE) — Outlook Therapeutics, Inc. (Nasdaq: OTLK), a biopharmaceutical company that achieved regulatory approval in the European Union (EU) and the United Kingdom (UK) for the first authorized use of an ophthalmic formulation of bevacizumab for the treatment of wet age-related macular degeneration (wet AMD), today announced financial results for the first quarter of fiscal year 2025 and provided a corporate update. “With all of the recent progress made at Outlook Therapeutics and the upcoming milestones over the next few months,...

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Franklin Electric Announces Execution of Definitive Agreement for the Acquisition of Barnes de Colombia

Strategic Acquisition to Enhance Growth in Latin America FORT WAYNE, Ind., Feb. 14, 2025 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) Fort Wayne, Indiana, USA-based Franklin has signed a definitive agreement to acquire Barnes de Colombia S.A., a leading manufacturer and distributor of industrial and commercial pumps based in Cota, Cundinamarca, Colombia. This acquisition aligns with Franklin Electric’s long-term growth and diversification goals, providing significant opportunities for expansion in Latin America. Barnes de Colombia, also operating under the WDM brand in certain countries including the US, is headquartered near Bogotá, Colombia. It has two manufacturing facilities and over eight stocking locations in Colombia, as well as assembly facilities in Mexico, Brazil, and Argentina, and local warehouses...

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GCL Acquired 20% of NEKCOM Inc. and Obtained Global Publishing Rights for its Upcoming Game “SHOWA AMERICAN STORY”

SHOWA AMERICAN STORYGCL acquired global publishing rights to NEKCOM’s “Showa American Story”SINGAPORE, Feb. 14, 2025 (GLOBE NEWSWIRE) — GCL Global Holdings Ltd (NASDAQ: GCL) (“GCL” or the “Company”), a leading provider of games and entertainment, today announced the acquisition of 20% equity interests of NEKCOM Inc. (“NEKCOM”), a video game developer, and the global publishing rights of NEKCOM’s upcoming game, “Showa American Story.” GCL Acquires 20% of NEKCOM GCL acquired 20% equity interests of NEKCOM in the form of Series B Preferred Stock pursuant to a Series B Preferred Stock Purchase Agreement dated November 20, 2024, by and among GCL Global Limited, a wholly owned subsidiary of GCL, NEKCOM and other parties named therein. Effective at the close of the transaction on December 18, 2024, Jacky Choo...

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Rezolve Ai Strengthens AI Commerce Play with $55M Acquisition of GroupBy, a Platform Driving Over $30B in Annual Sales

All GroupBy shareholders, Including VCs and debt holders, take Rezolve Ai equity as consideration in strong vote of confidence GroupBy’s AI-powered search and merchandising technology fuels $30B+ in annual retail transactions – now supercharged by Rezolve Ai’s advanced AI capabilities The acquisition brings $30M in expected high-margin revenue for 2025, reinforcing Rezolve Ai’s position as a leader in AI-driven commerce solutionsNEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) — Following yesterday’s announcement, Rezolve Ai (NASDAQ: RZLV), today confirms that it is acquiring GroupBy in an all equity transaction with a $55 million enterprise value, that will, following closing, add a high-growth, revenue-generating business to its expanding AI commerce platform. The deal is expected to bring approximately $30 million in expected...

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Incannex Healthcare Inc. Reports Fiscal Second Quarter 2025 Financial Results and Business Updates

Positive IHL-42X PK findings for the treatment of Obstructive Sleep Apnea (OSA) support future 505(b)(2) New Drug Application (NDA) submission New OSA Clinical Advisory Board Announced; Appoints Dr. Alison Wimms, Representing ResMedNEW YORK and MELBOURNE, Australia, Feb. 14, 2025 (GLOBE NEWSWIRE) — Incannex Healthcare Inc. (Nasdaq: IXHL), (Incannex), a clinical-stage biopharmaceutical company leading the way in developing oral combination medicines, today reported fiscal second quarter financial results and provided business highlights for the quarter ended December 31, 2024. “Patients with obstructive sleep apnea need new and convenient therapeutic options to manage this serious, chronic and life-threatening disease. We are enthusiastic about the potential for IHL-42X, an oral, once-daily treatment that uniquely targets physiological...

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GCL Announces First Half Fiscal Year 2025 Unaudited Financial Results

SINGAPORE, Feb. 14, 2025 (GLOBE NEWSWIRE) — GCL Global Holdings Ltd. (Nasdaq: GCL) (“GCL” or the “Company”), a leading provider of games and entertainment, today announced its financial results for the six months ended September 30, 2024. First Six Months of FY2025 HighlightsRevenues of $50.9 million, up 41% from the prior year period Gross Margin of 13.8% compared to 16.2% Net loss of $0.8 million, compared to net loss of $1.9 million Adjusted EBITDA of $1.5 million, compared to $1.4 million in the first half of FY2024.“We are pleased with our very robust top-line growth and improved bottom line performance in the first half of fiscal year 2025, highlighting our team’s execution capabilities while closing the business combination with RFAC Acquisition Corp.,” said Sebastian Toke, Group CEO of GCL. “These results reflect the...

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TC Energy reports solid fourth quarter 2024 operating and financial results

Southeast Gateway pipeline project achieves mechanical completionIncreases common share dividend for the twenty-fifth consecutive year CALGARY, Alberta, Feb. 14, 2025 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its fourth quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “Our strategic priorities that emphasize safety, operational excellence and project execution continue to deliver solid growth, low risk and repeatable performance. For the full year 2024, comparable EBITDA1 from continuing operations increased approximately six per cent, and segmented earnings from continuing operations increased approximately 56 per cent compared to 2023.” Poirier continued, “Reaching mechanical completion 13 per cent under budget on the Southeast...

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OTC Markets Group Welcomes Lake Ridge Bancorp, Inc. to OTCQX

NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Lake Ridge Bancorp, Inc. (OTCQX: LRBI), the holding company for Lake Ridge Bank, has qualified to trade on the OTCQX® Best Market. Lake Ridge Bancorp, Inc. begins trading today on OTCQX under the symbol “LRBI.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Graduating to the OTCQX Market marks an important milestone for community banks in the U.S. public markets. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high...

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Apellis Pharmaceuticals to Host Conference Call on February 28, 2025, to Discuss Fourth Quarter and Full Year 2024 Financial Results

WALTHAM, Mass., Feb. 14, 2025 (GLOBE NEWSWIRE) — Apellis Pharmaceuticals, Inc. (Nasdaq: APLS) today announced that the company will host a conference call and webcast to discuss its fourth quarter and full year 2024 financial results on Friday, February 28, 2025, at 8:30 a.m. ET. To access the live call by phone, please pre-register for the call here. A live audio webcast of the event and accompanying slides may also be accessed through the “Events and Presentations” page of the “Investors and Media” section of the company’s website. A replay of the webcast will be available for 90 days following the event. About Apellis Apellis Pharmaceuticals, Inc. is a global biopharmaceutical company that combines courageous science and compassion to develop life-changing therapies for some of the most challenging diseases patients face. We...

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Double Deuce Announces Appointment of Paul A. Dumas as Chairman of the Board of Directors

VANCOUVER, British Columbia, Feb. 14, 2025 (GLOBE NEWSWIRE) — Double Deuce Exploration Corp. (CSE-DD) Double Deuce Exploration Corp. (the “Company” or “Double Deuce”) is pleased to announce the appointment of Paul A. Dumas to the Board of Directors and as Chairman of the Board. Mr. Dumas is a seasoned mining executive with over 40 years of experience in corporate finance and investment banking, marketing, operational oversight and shareholder value-creation. He was, most recently, Executive Vice President, Finance & Chief Financial Officer at Osisko Metals Incorporated, where he spearheaded multiple financings and asset acquisitions, including the negotiation and purchase and sale of net smelter royalties. Furthermore, he was instrumental in the Company’s rebranding and successful reorganization from Bowmore Exploration Ltd,...

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