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Day: February 26, 2025

Idorsia is released from exclusivity constraint regarding the global rights to aprocitentan – now pivoting to alternative parties

Ad hoc announcement pursuant to Art. 53 LR Allschwil, Switzerland – February 26, 2025Idorsia Ltd (SIX: IDIA) today announced that the exclusivity agreement signed in November 2024 with an undisclosed party for the global rights to aprocitentan has concluded without the party signing the deal as foreseen in the non-binding term sheet. Idorsia will retain the exclusivity fee of USD 35 million paid in December 2024. André C. Muller, CEO of Idorsia, commented:“It is disappointing that the undisclosed party has decided not to sign the deal contemplated for aprocitentan despite sharing our view on the quality of the asset. We need to move on, and we will resume discussions with other potential partners that recognize the blockbuster potential of aprocitentan in uncontrolled hypertension, particularly for the difficult-to-treat patients with...

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SPX Technologies to Host Tour of Ingénia Facility on April 1, 2025

CHARLOTTE, N.C., Feb. 25, 2025 (GLOBE NEWSWIRE) — SPX Technologies Inc. (NYSE:SPXC) will host a tour of its Ingénia Technologies production facility on April 1, 2025, in Mirabel, Quebec, near Montreal. The event will be hosted by SPX’s corporate Investor Relations team and key managers of the company’s HVAC segment. The event is expected to begin mid-day and last approximately two hours in total. It will be open to current and prospective investors of SPX, as well as interested sell-side analysts. An invitation will be required to participate in the event. To receive an invitation, please contact the SPX Investor Relations team at spx.investor@spx.com. Headquartered in Mirabel, Quebec, Canada, Ingénia specializes in the design and manufacture of custom air handling units and is part of SPX Technologies’ Cooling platform, within...

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Arctic Wolf Expands Presence in Japan with Launch of Aurora Endpoint Security

Company Advances Cylance’s Track Record of Delivering Effective AI-Driven Threat Protection for Japanese Organizations TOKYO and EDEN PRAIRIE, Minn., Feb. 25, 2025 (GLOBE NEWSWIRE) — Arctic Wolf®, a global leader in security operations, today announced the launch of Aurora Endpoint Security in Japan, following its recent acquisition of Cylance from BlackBerry. Aurora Endpoint Security builds upon Cylance’s trusted pedigree in the cybersecurity marketplace, delivering AI-driven threat prevention and advanced endpoint protection to businesses of all sizes. This launch strengthens Arctic Wolf’s presence in Japan, one of the world’s most dynamic technology markets. Building on Cylance’s Market Presence and Cybersecurity PedigreeJapan’s rapid digital transformation has increased the demand for robust cybersecurity solutions. To address...

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SiriusPoint Announces Pricing of Secondary Offering of 4,106,631 Common Shares by Entities Associated with Daniel S. Loeb and Repurchase of 500,000 Shares by SiriusPoint

HAMILTON, Bermuda, Feb. 25, 2025 (GLOBE NEWSWIRE) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT) today announced the pricing of its previously announced registered secondary offering by entities associated with Daniel S. Loeb (colllectively, the “Loeb Entities”) of an aggregate of 4,106,631 common shares at a price to the public of $14.00 per share. The offering is expected to close on February 27, 2025, subject to the satisfaction of customary closing conditions. SiriusPoint has agreed to repurchase an aggregate of 500,000 of the common shares being offered in the offering at the public offering price. SiriusPoint will cancel the 500,000 common shares it repurchases in the offering. Immediately following the completion of the offering and our previously announced repurchase of all of the common shares and warrants...

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Timbercreek Financial Announces 2024 Fourth Quarter Results

TORONTO, Feb. 25, 2025 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months and year ended December 31, 2024 (“Q4 2024”). Q4 2024 Highlights1Significant transaction volume drives portfolio growth:Net mortgage investment portfolio increased by $72.2 million to $1,089.8 million in Q4 2024 as a result of advancing $241.9 million in net mortgage investments, and receiving net mortgage repayments of $171.3 million. Net mortgage investment portfolio increased by $143.6 million to $1,089.8 million at the end of Q4 2024 from $946.2 million in Q4 2023, reflecting an improved market environment driven by a reduction in interest rates and the beginning of a new real estate cycle.Strong top-line income and distributable income:Net investment income of $27.9...

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Mustang Energy Corp. Completes Airborne MobileMT Survey at their Yellowstone Project, Saskatchewan and Provides Corporate Update

VANCOUVER, British Columbia, Feb. 25, 2025 (GLOBE NEWSWIRE) — Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FRA:92T) (the “Company” or “Mustang”) is pleased to announce the completion of a helicopter-borne Mobile MagnetoTellurics (“MobileMT”) survey on the Company’s Yellowstone Project, located in the Western Athabasca Basin, Saskatchewan. The MobileMT survey was completed by Expert Geophysics based out of Aurora, Ontario. A total of 373 line-kms was surveyed at a 400-metre line spacing to collect magnetic and VLF data. The survey was conducted over the Northeastern portion of the Yellowstone Project’s claim package with a focus on areas that have not previously been surveyed with deep penetrating electromagnetic (EM) survey methods. This MobileMT survey aims to detect conductors at depths exceeding 1000 meters, providing a more...

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Republic of Gamers Announces Next-Gen RTX 50 Series Laptop Lineup – Now Available for Pre-Order in Canada

ROG continues to set the standard of gaming with its powerful laptop lineup equipped with NVIDIA RTX 50 Series of GPU’sTORONTO, Feb. 25, 2025 (GLOBE NEWSWIRE) — ASUS Republic of Gamers (ROG) announced the arrival of its 2025 NVIDIA® RTX™ Laptop GPU line-up of equipped devices – now available for pre-order. ROG’s cutting-edge line-up involves the latest from NVIDIA, with innovative graphics technologies like DLSS 4 and Frame Generation to enjoy ray tracing without sacrificing performance. Our line up available for pre-order includes: ROG Strix SCAR 16 & 18, ROG Strix G16, and ROG Zephyrus G14 & G16, on online retailers including Best Buy, Memory Express, CDW, Canada Computers and selected retailers. ROG Strix SCAR 16 & 18: Unleashing Ultimate Power and Precision At the heart of our line-up is the 2025...

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Trump Media CEO Devin Nunes Responds to Ruling on Brazil Attempts to Censor Rumble

SARASOTA, Fla., Feb. 25, 2025 (GLOBE NEWSWIRE) — Devin Nunes, CEO and Chairman of the Trump Media and Technology Group Corp. (Nasdaq: DJT) (“TMTG”), issued the following statement today after a U.S. federal judge ruled that TMTG and Rumble (NASDAQ: RUM) are under no obligation to comply with orders from a Brazilian Supreme Court Justice attempting to force Rumble to take down a U.S.-based user’s accounts. “This is a major victory for free speech and free expression online,” said TMTG CEO Devin Nunes. “The ruling confirms that would-be dictators in any country can’t force Trump Media or Rumble to censor their opponents. We congratulate our partner Rumble on its principled stand for freedom.” The ruling, issued from the U.S. District Court for the Middle District of Florida, is a response to an emergency motion jointly...

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