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LM Funding America, Inc. Closes Purchase of 15MW Mining Site

TAMPA, Fla., Dec. 09, 2024 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today announced the acquisition of the business assets of a 15 MW mining site in Oklahoma from Tech Infrastructure JV I LLC (“JV”), a joint venture majority-owned by Arthur Inc., for $7.3 million. “We are thrilled to have acquired this site with 60MW of mining potential through a series of financings to the JV,” said Bruce M. Rodgers, Chairman and CEO of LM Funding. “The financing terms allowed us to operate approximately 2,880 S19J Pros using $0.04/kwh power at the site since June 2024. This transaction is in furtherance of our previously disclosed transition from an “infrastructure light” mining model with minimal infrastructure investments...

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Surface Inspection Market is Slated to Expand at a High 8.3% CAGR through 2031 | SkyQuest Technology

Westford, USA, Dec. 09, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the surface inspection market size will attain a value of USD 10.29 billion by 2031, with a CAGR of 8.3% over the forecast period (2024-2031). Rising emphasis on providing better quality control and rapid industrialization are slated to bolster surface inspection market growth. Growing demand for better finish and high quality from manufacturing industries will also promote the adoption of surface inspection in the future. Download a detailed overview: https://www.skyquestt.com/sample-request/surface-inspection-market Browse in-depth TOC on “Surface Inspection Market”Pages – 197 Tables – 95 Figures – 76Surface Inspection Market Overview:Report Coverage DetailsMarket Revenue in 2023 $ 5.44 BillionEstimated Value by 2031 $...

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Blueface’s “Stop Cappin” Acquired by Music Licensing, Inc. (OTC: SONG)

Naples, FL, Dec. 09, 2024 (GLOBE NEWSWIRE) —  Music Licensing, Inc. (OTC: SONG) proudly announces the acquisition of royalty-generating intellectual property stakes in “Stop Cappin”, one of the standout solo hits by Blueface. The rights to the track will remain under the administration of third-party entities, and Music Licensing, Inc. will receive passive royalty payments. Blueface rose to prominence with his viral hit “Thotiana” and has since maintained a strong presence in the hip-hop industry. “Stop Cappin”, a hard-hitting track that showcases his signature delivery and unapologetic lyrics, has become a fan favorite. With millions of streams across platforms and widespread appeal, the track continues to deliver significant revenue potential. By acquiring a stake in “Stop Cappin”,...

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Novolex and Pactiv Evergreen Inc. to Combine, Establishing a Leading Manufacturer in Food and Beverage Packaging

Pactiv Evergreen Shareholders to Receive $18.00 Per Share in Cash Complementary products, focus on innovation and sustainability create partner of choice across the food and beverage packaging industry Customer-centric, packaging solutions provider across substrates with a North American footprint and broad distribution capabilities CHARLOTTE, N.C. and LAKE FOREST, Ill., Dec. 09, 2024 (GLOBE NEWSWIRE) — Novolex® and Pactiv Evergreen Inc. (NASDAQ: PTVE), announced today they have entered into a definitive agreement to combine, creating a leading manufacturer in food, beverage and specialty packaging products. The combination brings together two highly complementary businesses that will offer a broad product platform, establishing one of the most diverse substrate offerings in the packaging industry. The asset base will include an...

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Automotive Engine Encapsulation Market to Surpass Valuation of USD 9 Billion by 2031 | SkyQuest Technology

Westford, USA, Dec. 09, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global automotive engine encapsulation market size will reach a value of USD 9 Billion by 2031, with a CAGR of 6.13% during the forecast period (2024-2031). In the global market, automotive engine encapsulation is becoming increasingly popular due to the rising demand for automobiles that are quiet, high-performing, and fuel-efficient. In 2023, the United States was a major contributor to the global automotive engine encapsulation market growth. The increasing customer awareness regarding the need and advantages of engine encapsulation is an intermediate factor aiding in the growth of the market. In addition, customers are becoming more conscious of the petrol prices and the need for fuel-efficient vehicles. Download a detailed overview: https://www.skyquestt.com/sample-request/automotive-engine-encapsulation-market...

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Rhino-Rack Acquires RockyMounts

Acquisition deepens product expertise in key growth vertical SALT LAKE CITY, Dec. 09, 2024 (GLOBE NEWSWIRE) — Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, today announced that Rhino-Rack, a leading brand in Clarus’s Adventure segment, has acquired certain assets of RockyMounts™, a Colorado-based brand specializing in bicycle transport products. For over 30 years, RockyMounts has designed innovative roof and hitch rack solutions, attracting a dedicated following of customers thanks to the products’ distinct style and exceptional durability. Founded by Bobby Noyes in Boulder, Colorado in 1993, RockyMounts is known for making well designed and dependable premium bicycle racks and other accessories compatible with vehicles of all sizes, including...

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NV5 Acquires Southport Engineering Associates; Strengthens Energy Efficiency and Building Technology Solutions in New York City

HOLLYWOOD, Fla., Dec. 09, 2024 (GLOBE NEWSWIRE) — NV5, a provider of technology, certification, and consulting solutions, announced today that it completed the acquisition of Southport Engineering Associates, a provider of turnkey energy efficiency, engineering design, and owner representation consulting on December 4, 2024. Founded in 1996, Southport Engineering serves clients in New York City and the surrounding area to meet regulatory and owner-imposed efficiency standards for facilities in the hospitality, educational, healthcare, industrial, gaming, and financial sectors.   The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings. “NV5 is pleased to welcome Southport Engineering to our buildings and technology platform with its tech-enabled solutions and energy-focused...

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Unified Communication as a Service Market to Surpass Valuation of USD 315.44 Billion by 2031 | SkyQuest Technology

Westford, USA, Dec. 09, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global unified communication as a service market size will reach a value of USD 315.44 Billion by 2031, with a CAGR of 20.6% during the forecast period (2024-2031). Numerous development prospects for the unified communication as a service market have been generated by the integration of multiple communication channels, including audio, video, and messaging, onto a single platform to increase productivity and simplify collaboration across enterprises. The global unified communication as a service market growth is further supported by the introduction of 5G technology and high-speed internet, driven by the fact that video and audio conferencing need to relate to fast and low-latency communication which 5g networks can provide easily. Download a detailed overview: https://www.skyquestt.com/sample-request/unified-communication-as-a-service-market...

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Relmada Therapeutics to Discontinue the Reliance II and Relight Phase 3 Studies of REL-1017

Relmada Therapeutics has Commenced a Process to Explore Strategic Alternatives to Maximize Shareholder Value CORAL GABLES, Fla., Dec. 09, 2024 (GLOBE NEWSWIRE) — Relmada Therapeutics, Inc. (Nasdaq: RLMD, “Relmada”, “the Company”), a late-stage biotechnology company addressing diseases of the central nervous system (CNS), today announced that in light of the recent data monitoring committee (DMC) evaluation of the full dataset from the Reliance II Phase 3 study of the Company’s REL-1017 program, the Company will discontinue the Reliance II and Relight Phase 3 studies. The Company will continue to advance the Phase 1 study of REL-P11, an investigational agent for the treatment of metabolic disease, currently in a Phase 1 first-in-human study. In connection with this decision, the Company has commenced a process to explore strategic...

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Namib Minerals and Hennessy Capital Investment Corp. VI Announce Filing of Registration Statement in Connection with their Proposed Business Combination and Namib Minerals’ Planned Nasdaq Listing

Namib Minerals and co-registrant Greenstone Corporation (“Greenstone”) filed a registration statement on Form F-4 (the “Registration Statement”) with the U.S. Securities Exchange Commission (the “SEC”), a critical step in advancing their previously announced proposed business combination with Hennessy Capital Investment Corp. VI (Nasdaq: HCVI) (“HCVI” or “Hennessy Capital”), and planned Nasdaq listing of Namib Minerals’ ordinary shares under the ticker “NAMM.” The proposed business combination values Namib Minerals at a pre-money enterprise value of $500 million with up to an additional 30 million of contingent ordinary shares tied to the completion of operational milestones.(1) Transaction proceeds are intended to be used to accelerate Namib Minerals’ growth plans for Greenstone’s assets, including the restart of two gold mines in Zimbabwe...

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