Day: July 2, 2025
Transaction supports leading global insurance group’s next chapter as a private company
HAMILTON, Bermuda, July 02, 2025 (GLOBE NEWSWIRE) — Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced the closing of its acquisition by investment vehicles managed by affiliates of Sixth Street, a leading global investment firm, for $338.00 in cash per ordinary share, representing a total equity value of $5.1 billion. Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors also participated in the transaction.
“This is a major moment for Enstar as we begin our next chapter as a private company,” said Enstar’s Chief Executive Officer Dominic Silvester. “Together with Sixth Street, we will build on our position as a leading global (re)insurance group, delivering innovative solutions to our partners...
Cronos Grows its International Footprint in Switzerland
Written by Customer Service on . Posted in Public Companies.
TORONTO, July 02, 2025 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) announced today that it is expanding distribution with its PEACE NATURALS® medical cannabis brand in the Swiss market through its partnership with Dascoli Pharma AG (“Dascoli”), a Swiss-based company specializing in the supply and distribution of medical cannabis and healthcare training.
“We are excited to partner with Dascoli to bring high-quality medical cannabis to Swiss patients,” said Mike Gorenstein, Chairman, President and CEO, Cronos. “This partnership aligns with our mission to provide borderless cannabis products to European medical markets. Expanding our presence in Europe is an important area of focus for Cronos’ growth, and through this collaboration, we will leverage Dascoli’s strong local presence to...
Family Offices Invest Billions in Professional Sports Teams for Long Term Growth and Value-Building Legacies
Written by Customer Service on . Posted in Public Companies.
Called the “New Power Players in Sports,” Several U.S. Family Offices Participated in Brera Holdings’ Recent Series A Preferred OfferingBrera Executive Chairman Dan McClory (left) and Aurelio De Laurentiis (right), owner and president of SSC Napoli, champions of Italy’s Serie ABrera Executive Chairman Dan McClory (left) and Aurelio De Laurentiis (right), owner and president of SSC Napoli, champions of Italy’s Serie ABrera Executive Chairman Dan McClory (left) and Aurelio De Laurentiis (right), owner and president of SSC Napoli, champions of Italy’s Serie A.
Dublin, Ireland and Milan, Italy, July 02, 2025 (GLOBE NEWSWIRE) — Brera Holdings PLC (“Brera Holdings” or the “Company”) (Nasdaq: BREA), an Ireland-based international holding company focused on expanding its global portfolio of men’s and women’s football clubs through...
UniFirst Announces Financial Results for the Third Quarter of Fiscal 2025
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
WILMINGTON, Mass., July 02, 2025 (GLOBE NEWSWIRE) — UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its third quarter ended May 31, 2025 as compared to the corresponding period in the prior fiscal year:
Q3 2025 Financial HighlightsConsolidated revenues for the third quarter increased 1.2% to $610.8 million.
Operating income was $48.2 million, a decrease of 0.6%.
The quarterly tax rate increased to 25.7% compared to 22.9% in the prior year.
Net income increased to $39.7 million from $38.1 million in the prior year, or 4.3%.
Diluted earnings per share increased to $2.13 from $2.03 in the prior year, or 4.9%.
Adjusted EBITDA increased to $85.8 million compared to $84.8 million in the prior year, or 1.2%.The Company’s financial results for the third quarter of fiscal 2025 and...
NextNRG Appoints Global Logistics Authority Gary M. Goldfarb as Chairman of Newly Formed Strategic Advisory Board
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MIAMI, July 02, 2025 (GLOBE NEWSWIRE) — NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered through its Next Utility Operating System®, smart microgrids, wireless EV charging, and mobile fuel delivery, today announced a strategic advisory agreement with Goldfarb Management Services, LLC. As part of the agreement, Gary M. Goldfarb, a recognized authority in global logistics and supply chain innovation, has been appointed Chairman of NextNRG’s newly established Advisory Board.
Mr. Goldfarb is Chairman of the Board of The World Trade Center Miami and past Chairman of the Board of the Miami-Dade Beacon Council. He is currently Chief Strategy Officer at Interport Logistics and a board member of Global Empowerment Mission, bringing decades of experience in...
Nuwellis Appoints John Erb as Chief Executive Officer
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WHO
WHAT
WHERE
WHEN
HOWJohn Erb
Appointed as Chief Executive Officer
(no longer serving in an interim capacity)
Nuwellis Headquarters
Effective June 27, 2025
Appointment confirmed by the Board of Directors following his interim leadershipMINNEAPOLIS, July 02, 2025 (GLOBE NEWSWIRE) — Nuwellis, Inc. (Nasdaq: NUWE), a medical technology company dedicated to advancing solutions in fluid management, today announced the appointment of John Erb as its Chief Executive Officer. Erb, who has served as interim CEO since February 2025, will continue to lead the company with a focus on strategic clarity, operational discipline, and sustainable growth.
This marks Erb’s return to the CEO role at Nuwellis, having previously served in the position from 2015 – 2020. His reappointment reflects the Board’s confidence in his leadership and...
GCL Announces Close of Subsidiary’s Offer for Ban Leong Technologies Limited with Compulsory Acquisition and Delisting to follow
Written by Customer Service on . Posted in Public Companies.
As of 5:30 p.m. (Singapore time) on July 02, 2025, the offer has closed and GCL’s indirect subsidiary, Epicsoft Asia Pte. Ltd. (the “Offeror”) owns, controls, or has agreed to acquire an aggregate of 104,122,998 Shares representing approximately 96.59% of the total number of issued Shares of Ban Leong Technologies Limited.
SINGAPORE , July 02, 2025 (GLOBE NEWSWIRE) — GCL Global Holdings Ltd (NASDAQ: GCL) (“GCL”), a leading provider of games and entertainment and the indirect parent company of the Offeror, today announced that the voluntary unconditional cash offer for Ban Leong Technologies Limited (“Ban Leong”) has closed and any acceptances received after the close of the offer will be rejected.
To date, the Offeror has received valid acceptances in respect of 104,122,998 Shares, representing approximately 96.59% of the total...
VERSES® recognized in Psychology Today
Written by Customer Service on . Posted in Public Companies.
Genius™ “designed to mimic natural intelligence”
VANCOUVER, British Columbia, July 02, 2025 (GLOBE NEWSWIRE) — VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSD) (“VERSES” or the “Company”), a cognitive computing company specializing in next-generation agentic software systems, has been featured in Psychology Today.
“VERSES AI’s Genius model is different,” said Grant Hilary Brenner MD, (Distinguished Fellow of the American Psychiatric Association) in the article, “Developed by computational psychiatrist Karl Friston and colleagues, it is designed from the ground up to mimic natural intelligence, a curious machine intelligence that actually thinks… It features built-in motivational systems that drive it to explore, seek information, and refine its models of the world. This approach is fundamentally different from...
InFoods IBS receives CPT® Proprietary Laboratory Analysis (PLA) Code
Written by Customer Service on . Posted in Public Companies.
PLA Code issuance by the American Medical Association CPT editorial panel marks a meaningful step toward attaining health insurance reimbursement and expanded patient access for inFoods® IBSinFoods® IBS provides personalized identification of food triggers to substantially improve IBS-related symptoms like bloating, abdominal pain, diarrhea, and constipationIRVINE, Calif., July 02, 2025 (GLOBE NEWSWIRE) — Biomerica, Inc. (NASDAQ: BMRA), a global biomedical company focused on innovative gastroenterology diagnostics, today announced that the American Medical Association CPT editorial panel has issued a Current Procedural Terminology (CPT®) code in the Proprietary Laboratory Analysis (PLA) code category for the Company’s inFoods® IBS test.
This newly granted PLA code assigns a unique identifier to the test, allowing for the submission...
Extendicare Acquires Closing the Gap Healthcare Group
Written by Customer Service on . Posted in Mergers And Acquisitions.
Extendicare increases Senior Secured Credit Facility to $375 million
MARKHAM, Ontario, July 02, 2025 (GLOBE NEWSWIRE) — Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced today that its wholly owned home healthcare subsidiary, ParaMed Inc. (“ParaMed” or the “Purchaser”), completed the previously announced acquisition of all of the issued and outstanding shares of Closing the Gap Healthcare Group Inc. and certain affiliates (collectively, “Closing the Gap”) from the ultimate shareholders of Closing the Gap effective July 1, 2025 (the “Transaction”).
ParaMed acquired Closing the Gap on a debt-free, cash-free basis. The aggregate cash consideration for the Transaction was $75.5 million, subject to customary working capital and other adjustments. The Transaction also includes an earnout tied to new business revenue...