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Day: March 4, 2025

HII Installs First Additively Manufactured Valve Manifold Assembly on Aircraft Carrier at Newport News Shipbuilding

NEWPORT NEWS, Va., March 04, 2025 (GLOBE NEWSWIRE) — HII (NYSE: HII) announced today that shipbuilders at its Newport News Shipbuilding division have successfully installed the first valve manifold assembly created by additive manufacturing technology on a new construction aircraft carrier. NNS continues to integrate additive manufacturing, also known as 3D printing, into the shipbuilding process. The use of certified 3D-printed parts has the potential to accelerate construction and delivery of vessels to the U.S. Navy by cutting lead times and improving manufacturing quality for critical components. The valve manifold assembly, a specialized assembly that allows distribution of a single source of fluid to multiple points on the ship, is installed in a pump room on Gerald R. Ford-class aircraft carrier Enterprise (CVN 80). The...

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UDF IV Shareholders Approve Merger with Ready Capital

IRVING, Texas, March 04, 2025 (GLOBE NEWSWIRE) — United Development Funding IV (“UDF IV” or the “Trust”) today announced that, based on the voting results certified by UDF IV’s inspector of elections, First Coast Results, Inc., UDF IV shareholders approved the previously announced merger with Ready Capital Corporation (NYSE: RC) at the UDF IV Special Meeting of Shareholders (the “Special Meeting”) held earlier today. “We thank our shareholders for their support of our merger with Ready Capital,” said Jim Kenney, Managing Trustee and Chief Executive Officer of UDF IV. “This is an exciting milestone for UDF IV and the Trust’s shareholders, and we are pleased to be one step closer to realizing the immediate value and potential long-term upside that we believe this transaction will deliver to our shareholders. The Trust’s Board of...

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Plus Therapeutics Secures Private Placement of Approximately $15 Million in Gross Proceeds

HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) — Plus Therapeutics, Inc. (Nasdaq: PSTV) (the “Company”), a clinical-stage pharmaceutical company developing targeted radiotherapeutics with advanced platform technologies for central nervous system (CNS) cancers, today announced the pricing of a private placement with gross proceeds to the Company expected to be approximately $15.0 million. “This financing coupled with ongoing grant support strengthens our ability to rapidly advance our CNS cancer therapies,” said Marc H. Hedrick, M.D., Plus Therapeutics President and Chief Executive Officer. “We remain focused on meeting key near term milestones and creating long-term value for our stockholders.”    The offering consists of 28,042,140 common units (or pre-funded units), each consisting of (i) one (1) share of common stock or one (1) pre-funded...

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Plutus Financial Group Limited Announces Exercise of Underwriter’s Over-Allotment Option

Hong Kong, March 04, 2025 (GLOBE NEWSWIRE) — Plutus Financial Group Limited (“the “Company”) (NasdaqCM: PLUT), a Hong Kong-based financial services company today announced that R.F. Lafferty & Co., Inc., who acted as lead underwriter for the Company’s underwritten initial public offering (the “IPO”), has exercised a portion of the over-allotment option and purchased an additional 150,000 ordinary shares of the Company at the IPO price of $4.00 per share. As a result, the Company has raised an additional $600,000 as result of the over-allotment, for a total of $9 million in gross proceeds, before underwriting discounts and other related expenses, through the issuance of a total of 2,250,000 ordinary shares in the IPO. R.F. Lafferty & Co., Inc. acted as lead underwriter for the IPO offering, with Revere Securities...

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NKGen Biotech, Inc. to Transition from the Nasdaq Global Market to OTC Markets; Reverse Stock Split will not be Implemented

Trading commencing on the OTC Markets on March 5, 2025. Trading expected to continue under ticker symbol “NKGN” for common stock and “NKGNW” for warrants. NKGen Biotech, Inc. (“NKGen” or the “Company”) has regained compliance on its public reporting obligations with the filing of its most recent quarterly report on Form 10-Q on March 4, 2025; and intends to continue complying with all Securities and Exchange (“SEC”) reporting requirements. The Company has cancelled its previously announced 1-for-6 reverse stock split. Enrollment in randomized Phase 2a Alzheimer’s trial is expected to be completed by the end of Q2 with an initial readout planned for later in 2025.SANTA ANA, Calif., March 04, 2025 (GLOBE NEWSWIRE) — NKGen Biotech, Inc. (Nasdaq: NKGN), a clinical-stage biotechnology company focused on the development and commercialization...

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Alliance to push the boundaries of subsea field development

HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) — KOIL Energy Solutions, Inc. (OTCQB: KLNG), a US-based company, and SubseaDesign AS, a Norway-based company, have formed a strategic alliance to accelerate advancements in subsea technology. Both companies provide specialty products and services for subsea projects. Driven by the rising demand for innovative solutions in the global subsea industry, the two companies will collaborate within R&D and project execution. Thomas Andreassen, CEO of SubseaDesign AS, stated, “As the industry seeks cost-effective and innovative solutions to advance subsea tieback and field developments, our alliance with KOIL Energy strengthens our ability to deliver cutting-edge technologies and tailored solutions. Together, we are well-positioned to drive innovation and enhance subsea performance and project...

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Acorn, Provider of Backup Power Generator Monitoring and Control, Hosts Q4 Earnings Call Thur. March 6th at 11am ET

WILMINGTON, Del., March 04, 2025 (GLOBE NEWSWIRE) — Acorn Energy, Inc. (OTCQB: ACFN), a provider of remote monitoring and control IoT solutions for backup power generators, gas pipelines and air compressors, will report Q4 and full year results before the market opens on Thursday, March 6th and host an investor call at 11:00 a.m. ET. Following prepared remarks by Jan Loeb, President & CEO, and Tracy Clifford, CFO & COO of OmniMetrix, management will take investor questions.Conference Call & Replay Date/Time: Thursday, March 6th at 11:00am ETDial-in Number: 1-844-834-0644 or 1-412-317-5190 (Int’l)Online Replay/Transcript:  Audio file/transcript will be posted online hereQuestions can also be submitted via Email to: acfn@catalyst-ir.com    About Acorn (www.acornenergy.com) and OmniMetrixTM...

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Paperclip SAFE to Present Keynote at The Official Cybersecurity Summit in New York

Paperclip’s CRO Chad Walter will present on Quantum Computing and Data Security at the Summit in Manhattan on Thursday, March 6 HACKENSACK, N.J., March 04, 2025 (GLOBE NEWSWIRE) — Paperclip Inc. (OTCMKTS:PCPJ), an innovative data security and content management company, is a presenting sponsor at The Official Cybersecurity Summit: New York on Thursday, March 6. Paperclip’s CRO Chad Walter will be presenting a keynote titled ‘Post-Quantum Readiness: Now, Later, or Never?’ The presentation will take place at 10:05 a.m. in the Metropolitan Ballroom at Sheraton New York Times Square Hotel. The New York Cybersecurity Summit connects C-Suite & Senior Executives responsible for protecting their companies’ critical infrastructures with innovative solution providers and renowned information security experts. This educational forum...

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ButcherJoseph Advises Jim’s Formal Wear on a Sale to Its Employees

ST. LOUIS, March 04, 2025 (GLOBE NEWSWIRE) — Saint Louis, MO, March 2025 – ButcherJoseph & Co. (“ButcherJoseph”) served as financial advisor to Jim’s Formal Wear (“JFW or The Company”) on a sale to its employees through the creation of a new employee stock ownership plan (“ESOP”). The transaction closed on December 30, 2024. Founded in 1964, Jim’s Formal Wear is the largest independent provider of men’s formal wear services in the USA. The Company is headquartered in Trenton, Illinois, and has a network of seven service centers and eight delivery hubs across the country. JFW carries all garment types necessary for formal occasions, including weddings, proms, quinceañeras and other special events. Having successfully navigated to its third generation of family leadership, JFW has expanded over the years into a nationwide distributor...

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Sun Country Airlines Will Participate in the J.P. Morgan 2025 Industrials Conference

MINNEAPOLIS, March 04, 2025 (GLOBE NEWSWIRE) — Sun Country Airlines (NASDAQ: SNCY) President and Chief Financial Officer Dave Davis will present at the J.P. Morgan 2025 Industrials Conference on Tuesday, March 11 at 4:10PM EST. A link to the live webcast can be found on the Sun Country investor relations website at https://ir.suncountry.com/news-events/events-and-presentations. About Sun Country Sun Country Airlines is a new breed of hybrid low-cost air carrier, whose mission is to connect guests to their favorite people and places, to create lifelong memories and transformative experiences. Sun Country dynamically deploys shared resources across our synergistic scheduled service, charter, and cargo businesses. Based in Minnesota, we focus on serving leisure and visiting friends and relatives (“VFR”) passengers and charter customers...

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