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Day: June 24, 2025

Royalty Pharma and Revolution Medicines Enter Into Funding Agreements for Up to $2 Billion

Up to $1.25 billion ($250 million upfront) of synthetic royalty funding and up to $750 million in secured debt Innovative partnership enables Revolution Medicines to retain control over pipeline development and global commercialization of daraxonrasib Highlights Royalty Pharma’s unique ability to provide capital at scale to help leading companies achieve their strategic goals Daraxonrasib, in Phase 3 development for pancreatic cancer and non-small cell lung cancer, would be the first targeted therapy to inhibit all major forms of RAS, one of the most common drivers of human cancersNEW YORK, June 24, 2025 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today announced a $2 billion funding arrangement with Revolution Medicines, consisting of a synthetic royalty of up to $1.25 billion on daraxonrasib and a senior secured...

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Microchip Enhances TrustMANAGER Platform to Support CRA Compliance and Cybersecurity Regulations

Firmware over-the-air updates and remote cryptographic key management provide scalable solutions for addressing IoT security challenges CHANDLER, Ariz., June 24, 2025 (GLOBE NEWSWIRE) — International cybersecurity regulations continue to adapt to meet the evolving threat landscape. One major focus is on outdated firmware in IoT devices, which can present significant security vulnerabilities. To address these challenges, Microchip Technology (Nasdaq: MCHP) is enhancing its TrustMANAGER platform to include secure code signing and Firmware Over-the-Air (FOTA) update delivery as well as remote management of firmware images, cryptographic keys and digital certificates. These advancements support compliance with the European Cyber Resilience Act (CRA) which mandates strong cybersecurity measures for digital products sold in the European...

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Castellum, Inc. Announces Creation of New Subsidiary to Focus on Advanced Technology Products

Castellum, Inc. Announces Creation of New Subsidiary to Focus on Advanced Technology ProductsCastellum, Inc. (the “Company” and “Castellum”) (NYSE-American: CTM) announced the creation of a new wholly owned subsidiary, Castellum Advanced Technology Products, Inc. (“CATP”) – www.castellumus.comVIENNA, Va., June 24, 2025 (GLOBE NEWSWIRE) — Castellum, Inc. (the “Company” and “Castellum”) (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services and solutions company focused on the federal government, today announced the creation of a new wholly owned subsidiary, Castellum Advanced Technology Products, Inc. (“CATP”). CATP will focus on teaming with other leading-edge technology companies, developing technology internally, and potentially taking equity positions in companies that have advanced...

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Walking Comfort Accelerates Ecommerce Growth with Descartes Sellercloud™

ATLANTA, June 24, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Utah-based Walking Comfort, a leading retailer in the local and online footwear market, is using Descartes Sellercloud™ to help drive ecommerce growth by centralizing and synchronizing the management of product listings, inventory, orders and fulfillment across multiple online sales channels. “As the business grew and we expanded to a larger warehouse and more online marketplaces, we realized we needed a more sophisticated inventory and order management system to boost time-savings and operating efficiencies,” said Brad Hendricksen, Accounting and Operations Manager at Walking Comfort. “With Descartes Sellercloud, we have a powerful platform that...

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Garden Stage Limited Regains Compliance with Nasdaq Minimum Bid Price Listing Requirements

Hong Kong, June 24, 2025 (GLOBE NEWSWIRE) — Garden Stage Limited (NASDAQ: GSIW) (“GSIW” or the “Company”), today announced that on June 23, 2025, the Company received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum closing bid price requirement under Nasdaq Listing Rule 5550(a)(2). As previously disclosed , the company received a delinquency notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on December 24, 2024 indicating that the Company is not currently in compliance with the minimum bid price requirement set forth in Nasdaq’s Listing Rules for continued listing on the Nasdaq Capital Market, as the closing bid price for the Company’s ordinary shares...

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Tims China Announces First Quarter 2025 Financial Results

System Sales Increased 3.5% Year-over-Year to RMB376.3 Million 5.9% Improvement in Company Owned and Operated Store Contribution Margin 25.1 Million Registered Loyalty Club Members at Quarter-End,Representing 25.7% Year-over-Year Growth SHANGHAI and NEW YORK, June 24, 2025 (GLOBE NEWSWIRE) — TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops in China (“Tims China” or the “Company”) today announced its unaudited financial results for the first quarter 2025. FIRST QUARTER 2025 HIGHLIGHTSTotal revenues of RMB300.7 million (USD41.4 million), representing a 9.5% decrease from the same quarter of 2024. System sales1 of RMB376.3 million (USD51.9 million), representing a 3.5% increase from the same quarter of 2024. Net new store openings totaled 2 (net closure of seven company owned and operated...

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Aurora Mobile’s Board of Directors Approves Investment in Digital Assets

SHENZHEN, China, June 24, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that its Board of Directors has approved a strategic initiative as part of the Company’s overall treasury management plan to preserve and enhance asset value while supporting its strategy to expand market coverage, partnerships and ecosystem. The Company will invest up to 20% of the cash and cash equivalents of the Company and its consolidated entities in cryptocurrencies and other digital assets. These investments may include but are not limited to, Bitcoin, Ethereum, Solana, SUI and other tokens. This decision reflects the Company’s commitment to innovative treasury practices and...

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The Michelin Guide Expands Its Culinary Horizons to Saudi Arabia

MICHELIN KSAGwendal Poullennec, the International Director of the MICHELIN Guide and Mayada Badr, the CEO of the Culinary Commission, in Riyadh for the MICHELIN Guide debut announcement.CACCACQR code 2QR code 2QR code 1QR code 1125 years125 yearsThe MICHELIN Guide announced its arrival in a new destination: Saudi Arabia, for an upcoming 2026 edition. The restaurant selection for the inaugural edition will be unveiled towards the end of the year 2025. The renowned anonymous MICHELIN Inspectors are already in the field, meticulously exploring the Kingdom’s vibrant culinary scene.RIYADH, Saudi Arabia, June 24, 2025 (GLOBE NEWSWIRE) — The MICHELIN Guide announced today its latest expansion into the vibrant culinary landscapes of Saudi Arabia. This new selection will focus on the...

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KH Group: Saurus Oy secured a significant order from Defence Forces

KH Group PlcPress Release 24 June 2025 at 10:45 am EEST KH Group: Saurus Oy secured a significant order from Defence Forces   Finland’s Defence Forces has made an order for 14 fire engines and one foam unit from Scania Suomi Oy. Saurus Oy, a subsidiary of KH Group’s rescue vehicle business Nordic Rescue Group, will supply the vehicles with equipment and fittings valued at approximately 10 million euros. “This new order is significant and continues our long-term customer relationship with Finland’s Defence Forces. Saurus Oy has an important role in national security of supply”, says Juhani Härkönen, CEO of Nordic Rescue Group. Nordic Rescue Group is a leading rescue vehicle supplier in the Nordic countries. Nordic Rescue Group consists of Saurus Oy in Finland and Sala Brand AB in Sweden. Nordic Rescue Group’s net sales amounted to 44.2...

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Bulletin from the Extraordinary General Meeting of ZetaDisplay AB (publ)

The following resolutions were passed at the Extraordinary General Meeting (the “EGM”) of ZetaDisplay AB (publ) on 23 June 2025. Board of Directors The Extraordinary General Meeting resolved to dismiss board member Matthew Peacock and to elect Rob Woodward as a new board member. The remaining board members were re-elected for the period until the next Annual General Meeting. For further information, please contact:Anders Olin, President and CEO, ZetaDisplay AB (publ) Mobile: +46 761-01 14 88 E-Mail: anders.olin@zetadisplay.com Claes Pedersen, CFO, ZetaDisplay AB (publ) Mobile: +45 23 68 86 58 E-Mail: claes.pedersen@zetadisplay.com Robert Bryhn, CMO / Head of Communication, ZetaDisplay AB (publ) Mobile: +46 709-80 20 80 E-Mail: robert.bryhn@zetadisplay.comAttachmentZetaDisplay AB – EGM minutes election of new board...

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