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Day: March 10, 2025

Prospect Capital Corporation Releases Updated Prospect Highlights

NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) — Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) announced an updated “Prospect Highlights” has been posted to Prospect’s website. The updated Prospect Highlights is available here. The investor relations section of Prospect’s website (with Prospect Highlights, Corporate Presentation, and Press Releases) is available here. Prospect is proud to highlight our multi-decade history, strong track record, and market-leading best practices. About Prospect Capital CorporationProspect is a business development company lending to and investing in private businesses. Prospect’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. Prospect has elected to be treated as a business development company...

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Meritage Announces the Passing of Board Member Duane Kluting

GRAND RAPIDS, Mich., March 10, 2025 (GLOBE NEWSWIRE) — Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise restaurant operators, today announced the sudden passing of Duane Kluting, a valued member of the Company’s Board of Directors. “It is with great sadness that I announce the passing of our friend and Board member, Duane Kluting. We are deeply grateful to Duane for his friendship, leadership and commitment to growing our business. Duane joined us in 2005 and has been a trustworthy contributor through the years. He was a valued member of our Audit Committee where he diligently served the company, bringing years of financial expertise from his career at BDO, Herman Miller and X-Rite. He contributed immeasurable value to our company’s board and will be greatly missed,” said Mr. Robert Schermer,...

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Collegium Announces Poster Presentations at the 2025 National Association of Pediatric Nurse Practitioners National Conference on Pediatric Health Care

STOUGHTON, Mass., March 10, 2025 (GLOBE NEWSWIRE) — Collegium Pharmaceutical, Inc. (Nasdaq: COLL) today announced it will have two poster presentations highlighting real-world data from its differentiated neuropsychiatry product, Jornay PM, (methylphenidate HCl), a central nervous system (CNS) stimulant for the treatment of attention deficit hyperactivity disorder (ADHD) at the National Association of Pediatric Nurse Practitioners (NAPNAP) 46th National Conference on Pediatric Health Care, being held in Chicago, IL, from March 10-13, 2025. “Collegium is pleased to present real-world data at NAPNAP as part of our commitment to providing differentiated medicines that help to improve the lives of people living with serious medical conditions. The data being presented demonstrates the real-world benefit of Jornay PM as an important...

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ArcelorMittal announces the publication of its 2024 annual report

10 March 2025, 23.55 CET ArcelorMittal has published its annual report for the year ended 31 December 2024. The report has been filed with the electronic database of the Luxembourg Stock Exchange (www.bourse.lu) and is available at http://corporate.arcelormittal.com > Financial reports ENDS About ArcelorMittal  ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2024 generated revenues of $62.4 billion, produced 57.9 million metric...

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Abpro Statement on the Departure of Former CEO Ian Chan

WOBURN, Mass., March 10, 2025 (GLOBE NEWSWIRE) — Abpro Holdings, Inc. (Nasdaq:ABP) (“Abpro”), a biotechnology company dedicated to advancing next-generation antibody therapies for severe and life-threatening diseases announced today the departure of Chief Executive Officer Ian Chan. Commenting on the leadership change, Abpro Board Chairman and CEO Miles Suk, said, “As disclosed in our regulatory filing on Friday, the Board has decided to part ways with Ian Chan. I want to thank Ian for his service and wish him well. This leadership transition, however, does not affect our stability or direction. Instead, it marks the first step toward a stronger, more promising future. We remain fully committed to ABP 102/CT-P72, our joint development with Celltrion, and the other key initiatives driving our growth.” Abpro Chief Medical...

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Weebit Nano fully qualifies ReRAM module to AEC-Q100 for automotive applications

Achievement attests to the quality and reliability of Weebit ReRAM IP for automotive-grade products HOD HASHARON, Israel, March 10, 2025 (GLOBE NEWSWIRE) — Weebit Nano Limited (ASX:WBT) (Weebit or Company), a leading developer and licensor of advanced memory technologies for the global semiconductor industry, has completed AEC-Q100 150°C operation qualification of its Resistive Random-Access Memory (ReRAM) module in semiconductor manufacturer SkyWater Technology’s 130nm CMOS process. This achievement confirms the quality and reliability of Weebit’s embedded ReRAM non-volatile memory (NVM) technology for high-temperature automotive applications. AEC-Q100 is the standard automotive stress test qualification for integrated circuits (ICs). The Weebit ReRAM module was qualified according to the AEC-Q100 standard for Non-Volatile Memory...

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Brookfield Renewable to Issue C$450 Million of Green Bonds

BROOKFIELD, News, March 10, 2025 (GLOBE NEWSWIRE) — Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) (“Brookfield Renewable”) today announced that it has agreed to issue C$450 million aggregate principal amount of Series 19 Notes (the “Notes”), due October 12, 2035, which will bear interest at a rate of 4.542% per annum. Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will be the issuer of the Notes, which will be fully and unconditionally guaranteed by Brookfield Renewable and certain of its key holding subsidiaries. The Notes will be issued pursuant to a base shelf prospectus dated September 8, 2023 and a related prospectus supplement and pricing supplement to be dated March 10, 2025. The issue is expected to close on or about March 12, 2025 subject to customary closing conditions. The Notes...

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LifeMD Reports Fourth Quarter 2024 Results

Consolidated revenues increased 43% year-over-year to $64.3 million with telehealth revenue up 60% Adjusted EBITDA increased 78% to $9.0 million Telehealth adjusted EBITDA increased 396% to $5.9 million Full-year cash flow from operations increased 99% to $17.5 million and generated positive full-year net cash flow Exited 2024 with over $35 million in cash Introduces 2025 guidance for consolidated revenue of $265 million to $275 million and consolidated adjusted EBITDA of $30 million to $32 millionConference call begins at 4:30 p.m. Eastern time today NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) — LifeMD, Inc. (Nasdaq: LFMD), a leading provider of virtual primary care services, today reported financial results for the three and 12 months ended December 31, 2024. Management Commentary “LifeMD had a great fourth quarter. We not only...

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Sonoco Implementing Price Increases for Uncoated Recycled Paperboard, Converted Paperboard Products

HARTSVILLE, S.C., March 10, 2025 (GLOBE NEWSWIRE) — Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable paper and metal packaging, today announced it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning April 10, 2025. According to John Florence, General Counsel, Secretary and Vice President and General Manager, Industrial Paper Packaging North America, the price change is necessitated by continued inflation in input costs and tightening market conditions. “Sonoco is committed to continuously improving our product offerings and pricing strategies to serve our customers better. As part of this commitment, we are also realigning to value-based pricing and transitioning...

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Archrock to Acquire Natural Gas Compression Systems, Inc.

Business includes approximately 351,000 horsepower, comprised of 316,000 operating horsepower and a 35,000 horsepower backlog of contracted new equipment Aligns with Archrock’s focus on large horsepower compression with blue-chip customers Complements and deepens Archrock’s existing operations in the Permian Basin Expands Archrock’s electric motor drive compression capabilities as customer demand for low carbon solutions continues to grow The $357 million transaction is expected to be immediately accretive to Archrock’s earnings per share and cash available for dividend per shareHOUSTON and TRAVERSE CITY, Mich., March 10, 2025 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) and Natural Gas Compression Systems, Inc. (“NGCSI”), a high-quality provider of contract gas compression services, today announced that they...

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