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Month: August 2025

Nuwellis Signs Letter of Intent to Explore Acquisition of Rendiatech Ltd., A Real-Time Fluid Monitoring Company

Proposed acquisition supports strategy to drive technology expansion of fluid management offering to include continuous renal health monitoring technologies supporting the full patient journey, from early risk assessment to targeted fluid removal MINNEAPOLIS, Aug. 19, 2025 (GLOBE NEWSWIRE) — Nuwellis, Inc. (Nasdaq: NUWE), a medical technology company focused on improving patient outcomes through advanced fluid management, today announced it has signed a non-binding letter of intent (LOI) to acquire Rendiatech, Ltd., an Israeli-based medical device company specializing in real-time urine flow and acute kidney injury monitoring technologies. The proposed acquisition is expected to support Nuwellis’ strategy to expand its current technology platform beyond ultrafiltration by potentially adding continuous renal health monitoring technologies...

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VCI Global Announces US$2 Billion Partnership Secured by Sovereign-Grade Encrypted Infrastructure

Joint Venture Anchored by 18,000 BTC to Power Real-World Asset Tokenization, Encrypted Vault Monetization, and Institutional-Grade Crypto Infrastructure KUALA LUMPUR, Malaysia, Aug. 19, 2025 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a cross-sector platform builder integrating deep technology with financial architecture to enable sovereign-ready digital ecosystems, today announced a landmark partnership with a leading digital asset holder to establish a sovereign-grade infrastructure venture backed by 18,000 BTC, valued at over US$2.16 billion at current market levels. Under the joint venture (JV), VCI Global will hold a 70% equity stake and lead commercialization and infrastructure management, while its digital asset partner retains full custody and control of the BTC reserves. Together,...

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Midland Commences an Exploration Program for Copper-Gold-Molybdenum-Silver Occurrences on the Saruman Project

Figure 1Saruman-LocationFigure 2Saruman-Lake Bottom Copper AnomaliesFigure 3Saruman-SamplingFigure 4Saruman-Outcrops PhotosMONTREAL, Aug. 19, 2025 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the start of an exploration program to follow up on the 2024 copper-gold-molybdenum-silver (Cu-Au-Mo-Ag) occurrences identified on its Saruman project. Located in the Eeyou Istchee James Bay region, approximately 75 kilometres north of the Troilus Gold Corp. copper-gold (Cu-Au) project, the Saruman project was acquired by map designation in November 2023, is wholly owned by Midland and consists of 121 claims covering a surface area of 64 square kilometres. 2024 Highlights:Strong copper anomalies particularly concentrated within an area of 5 by 3 kilometres,...

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Universal Safety Products, Inc. Reports First-Quarter Results

OWINGS MILLS, Md., Aug. 19, 2025 (GLOBE NEWSWIRE) — Universal Safety Products, Inc. (NYSE American: UUU) today announced results for its fiscal quarter ended June 30, 2025. The Company reported sales of $3,824,247 for the quarter ending June 30, 2025, versus $4,598,516 for the comparable period of last year. The Company reported net income of $1,810,321 or $0.78 per basic and diluted share, compared to a net loss of $(442,206), or $(0.19) per basic and diluted share, for the same period last year. Included in the June 30, 2025 results was a gain of $2,820,668 from the sale of our smoke and carbon monoxide alarm segment. Harvey Grossblatt – President and CEO said: “Sales were lower in the current quarter since we sold our smoke alarm segment in May 2025. Sales were further negatively impacted by the increased import tariffs...

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Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Has Completed Its Acquisition of Sitio Royalties Corp. In All-Equity Transaction

MIDLAND, Texas, Aug. 19, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced that Viper has completed its acquisition of Sitio Royalties Corp. (“Sitio”) in an all-equity transaction. Additionally, the Company announced revised Q3 2025 production guidance to give effect to the closing of the merger. REVISED THIRD QUARTER 2025 GUIDANCEAverage oil production of 54,500 – 57,500 bo/d; represents an increase of 8,500 bo/d at the midpoint versus prior standalone guidance given 43 days of contribution from Sitio Average total production of 104,000 – 110,000 boe/d; represents an increase of 18,000 boe/d at the midpoint versus prior standalone guidance given 43 days of contribution from Sitio“We are pleased to announce...

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Diamondback Energy, Inc.’s Subsidiary Viper Energy, Inc. Closes Acquisition of Sitio Royalties

MIDLAND, Texas, Aug. 19, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its publicly traded subsidiary, Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”), has closed its previously announced acquisition of Sitio Royalties Corp. (“Sitio”). Additionally, the Company announced revised Q3 2025 production guidance to give effect to the closing of the Sitio acquisition. Updated Third Quarter 2025 Production GuidanceDiamondback has increased its third quarter 2025 production guidance to reflect 43 days of contribution from the Sitio assets beginning August 19, as follows:  Q3 2025 Guidance Q3 2025 Guidance  Diamondback Energy, Inc. Viper Energy, Inc.     Q3 2025 Net production – MBOE/d 908 – 938 (from 890 – 920) 104.0 – 110.0Q3 2025 Oil production...

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Black Hills Corp. and NorthWestern Energy to Combine in All-Stock Merger to Create a Premier Regional Regulated Electric and Natural Gas Utility Company

Increased scale and business line diversity to result in a stronger, more resilient platform to safely, reliably, and cost-effectively meet customers’ rising energy needs Merger expected to be accretive to each company’s EPS in the first year following the close of transaction Combined company supports an increased long-term EPS target growth rate of 5% to 7% Contiguous service territory with attractive growth profile expected to provide additional investment opportunities beyond each company’s current capital investment plan Strong and predictable earnings and cash flows with more efficient access to capital to be credit-enhancing and support a high-quality credit profile, an enhanced ability to invest in critical infrastructure, and a strong and growing dividend Veteran leadership team and complementary cultures with shared commitments...

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Kandi Technologies Reports First Half of 2025 Unaudited Financial Results

Gross margin further expansion to 45.2%, up from 31.7% in prior-year period Maintains strong financial position with $256.7M in cash, restricted cash, and time depositsJINHUA, China, Aug. 19, 2025 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a long renowned leader in all-electric personal transportation and utility vehicles, today announced its unaudited financial results for the six months ended June 30, 2025. First Half 2025 Financial HighlightsTotal net revenues were $36.3 million, compared with $59.8 million for the same period of 2024. Gross margin increased to 45.2% from 31.7% for the same period of 2024. Net income was $1.7 million, compared with $2.4 million for the same period of 2024. As of June 30, 2025, the Company had cash and cash equivalents, restricted cash,...

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