Month: March 2025

Funds to support the advancement of Incannex’s IHL-42X Phase 2/3 Obstructive Sleep Apnea (OSA) clinical program through U.S. Phase 2 completion, topline readout, and its expansion into a global Phase 3 study. NEW YORK and MELBOURNE, Australia, March 07, 2025 (GLOBE NEWSWIRE) — Incannex Healthcare Inc. (Nasdaq: IXHL), (Incannex), a clinical-stage biopharmaceutical company leading the way in developing oral combination medicines, today announced that it has entered into security purchase agreements with certain institutional investors for the purchase and sale of 11,574,090 shares of the Company’s common stock for a purchase price of $1.08 per share of common stock (or common stock equivalents in lieu thereof) and Series A common stock warrants (the “Series A Warrants”) to purchase up to 11,574,090 shares of common stock at an initial...

WEST ORANGE, N.J., March 07, 2025 (GLOBE NEWSWIRE) — Bel Fuse Inc. (Nasdaq: BELFA and BELFB) (“Bel” or the “Company”) today announced the grand opening of its new facility in Manesar, Gurugram, India, a critical milestone following Bel’s acquisition of Enercon in November 2024. The original Enercon factory in India, which this replaces, was opened in 2018 and grew from 17 associates to over 200 associates today. The new facility will enable our Power Solutions and Protection segment to double its manufacturing capacity in India. This expands the overall Bel footprint outside of China thus providing more optionality for our customers.  Dan Bernstein, President and CEO of Bel, commented, “We’re excited to be celebrating the opening of our new facility in India. This project was underway by the Enercon team at the time of our acquisition...

GROSSE POINTE FARMS, Mich., March 07, 2025 (GLOBE NEWSWIRE) — Saga Communications, Inc. (Nasdaq: SGA) (the “Company,” “Saga,” “we” or “our”) today provided its shareholders with an update on the Company’s ongoing execution of its strategic plan in advance of its earnings call on March 11, 2025. Saga Chief Executive Officer Chris Forgy stated, “Since Saga’s founding in 1986, we have endeavored to create and sustain a platform for which we can successfully acquire, develop, and operate broadcast properties with a focus on providing opportunities complimentary to our core radio business, including digital, e-commerce, local on-line news services and non-traditional revenue initiatives. At present, Saga owns 82 FM radio stations, 31 AM radio stations, and 79 metro signals serving 28 markets. While we are proud of all that we have accomplished,...

The Management Board of Bigbank has compiled the audited Annual Report for 2024. Compared to the unaudited interim report published on 26 February, there are no differences in the financial results. The consolidated Annual Report for 2024 of Bigbank AS is attached to this announcement and is also available on the bank’s investor page: https://investor.bigbank.eu/reports. The report will be presented for approval at the General Meeting of Shareholders. Growth in Operating Volumes in 2024Total assets grew to 2.78 billion euros, increasing by 491 million euros (+21%). The deposit portfolio grew to 2.39 billion euros, increasing by 456 million euros (+24%). The gross loan portfolio grew to 2.2 billion euros, increasing by 535 million euros (+32%). Net profit totalled 32.3 million euros. Return on equity (ROE) stood at 12.5%.Bigbank...

Lantana, Fla., March 07, 2025 (GLOBE NEWSWIRE) — JFB Construction Holdings (Nasdaq: JFB), a construction company focused on commercial, retail, and residential property development, announces that it has closed its initial public offering of 1,250,000 units at a public offering price of $4.125 per unit. Each unit consisted of one share of Class A common stock and one Class A warrant to purchase one share of Class A common stock. Each warrant has an exercise price equal to $5.50 per share, are exercisable immediately, and will expire on the fifth anniversary of the issuance date. The shares and warrants are immediately separable and were issued separately but were purchased together in the offering. “We view the successful completion of our initial public offering as a significant milestone in the long history of our Company,” said...

Tainan, Taiwan, March 07, 2025 (GLOBE NEWSWIRE) — Advanced Biomed Inc. (the “Company”) (NASDAQ: ADVB), a biotechnology company focused on early screening and detection, diagnosis and staging, and treatment of cancer, today announced the closing of its initial public offering (the “Offering”) of 1,640,000 shares of common stock (the “Shares”), at a public offering price of $4.00 per share for total gross proceeds of $6.56 million before deducting underwriting discounts and offering expenses. The Shares began trading on the Nasdaq Capital Market on March 6, 2025 under the ticker symbol “ADVB.” The Offering was conducted on a firm commitment basis. In addition, the Company has granted the underwriter an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional...

Sanoma Corporation, Stock exchange release, 07 March 2025 at 18:30 EET SANOMA CORPORATION: ACQUISITION OF OWN SHARES 07 March 2025 Nasdaq Helsinki Ltd:Date 07 March 2025  Exchange transaction Buy  Share class SANOMA  Amount 6,500  Average price/share, EUR 8.6200  Highest price/share, EUR 8.6700  Lowest price/share, EUR 8.5800  Total cost, EUR 56,030.00       The share buybacks are executed in compliance with Regulation No. 596/2014 of the European Parliament and Council (MAR) Article 5 and the Commission Delegated Regulation (EU) 2016/1052. The company holds a total of 563,657 of its own shares (SANOMA) including the shares acquired on 07 March 2025. Detailed information concerning the acquisition is attached to this stock exchange release. On behalf of Sanoma Corporation Skandinaviska Enskilda...

Sagtec Global Limited’s IPO Marks V Capital Consultancy Group’s Third Successful Nasdaq Listing Within a Year KUALA LUMPUR, Malaysia, March 07, 2025 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ: VCIG) (“VCI Global”) is pleased to announce the successful initial public offering (IPO) of its client, Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec”), facilitated through its capital market advisory arm, V Capital Consultancy Group Limited (“VCCG”, or the “Company”). Leveraging its expertise, VCCG guided Sagtec through the entire IPO process, resulting in its trading debut on March 7, 2025. The IPO raised US$7 million, resulting in a post-listing valuation of over US$50 million for Sagtec. As Sagtec’s IPO consultant, VCCG provided strategic guidance and collaborated with key professionals throughout the listing process. The IPO generated...

New awards under Long-Term Incentive Programme The Board of Directors of BW Offshore Limited (“BWO” or the “Company”) has approved new awards under the Long-Term Incentive Programme (LTIP) adopted in 2024. The programme is a combination of Share Options and Restricted Share Unit (RSUs), aimed to align the interests of the participating employees with those of the Company’s shareholders. The programme is discretionary, and participants are invited on an annual basis. The total number of options awarded under the LTIP for 2025 is 800,000 where each option will give the holder the right to acquire one BW Offshore share. A total of 6 BW Offshore employees have been invited to participate in the Share Option Programme. The strike price of the options is calculated based on the volume weighted average share price...