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Shareholder Alert: The Ademi Firm investigates whether Repare Therapeutics Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-11-15 00:56
Core Insights - The Ademi Firm is investigating Repare for potential breaches of fiduciary duty related to its transaction with XenoTherapeutics [1][3] - Repare shareholders are set to receive approximately $1.82 per share in cash at closing, along with a non-transferable contingent value right (CVR) per share [2] - The CVRs will entitle shareholders to a percentage of future proceeds from partnerships with Bristol-Myers Squibb, Debiopharm, and DCx Biotherapeutics, with percentages ranging from 90% to 75% over a 10-year period [2] Transaction Details - The final cash payment to Repare shareholders will depend on the company's cash balance at closing after deducting transaction costs and liabilities [2] - The transaction agreement includes provisions that limit competing offers for Repare, imposing penalties for accepting alternative bids [3] Investigation Focus - The investigation by the Ademi Firm centers on whether the Repare board of directors is adequately fulfilling their fiduciary duties to all shareholders amid the transaction [3]
Revolutionary App MENU ORDER AI Now Available on the App Store -- The First Real-Time Dining Companion for GLP-1 Users
Prnewswire· 2025-11-15 00:48
Core Insights - ORDER AI LLC has launched MENU ORDER AI, the first app designed for users of GLP-1 medications, enabling them to make informed menu choices while dining out or ordering in [2][5] - The app utilizes advanced AI technology to identify high-protein, GLP-1-friendly meal options from any restaurant menu, enhancing the dining experience for users [4][5] - The adoption of GLP-1 medications is significantly changing consumer behavior, with approximately 6% of U.S. adults currently using these medications, a figure expected to double by 2027 [5][6] Company Overview - ORDER AI LLC is a woman-owned health-tech company that aims to bridge the gap between AI, nutrition, and dining, providing a unique perspective in a predominantly male industry [2][3] - The founder, Melissa Butler, emphasizes that the app acts like a personal nutritionist, guiding users in real-time to make healthier dining choices [4][6] Industry Impact - The rise of GLP-1 medication usage is reshaping the food market, leading to smaller portion sizes and reduced spending in restaurants as users adapt their eating habits [5][6] - A Forbes analysis highlights the broader economic implications of GLP-1 adoption, affecting various industries from private equity to retail [6] App Functionality - MENU ORDER AI allows users to scan or photograph menus, providing instant recommendations for meals that align with their dietary goals, focusing on high-protein and low-carbohydrate options [4][5] - The app supports users in maintaining portion control and consistent dietary progress while dining out [4][5] Availability - MENU ORDER AI is now available for download on the Apple App Store, marking a significant step in the intersection of technology and health [7][8]
AUTOMOBILITY LA OPENS 2025 LOS ANGELES AUTO SHOW WITH EXPANDED INNOVATION PLAZA AND GLOBAL INDUSTRY FOCUS
Prnewswire· 2025-11-15 00:45
Accessibility StatementSkip Navigation Formerly Gilbert Lindsay Plaza, the reimagined outdoor hub returns as the central stage for media-day announcements, vehicle debuts, and hands-on test drives. LOS ANGELES, Nov. 14, 2025 /PRNewswire/ --Â AutoMobility LA, the premier press and industry gathering for the Los Angeles Auto Show, returns to the Los Angeles Convention Center on November 20 with Innovation Plaza serving as the central outdoor hub. Media and industry attendees can expect an exciting slate of ve ...
Saab signs contract for Gripen E/F with Colombia
Prnewswire· 2025-11-15 00:18
Core Insights - Saab has signed a contract with the Colombian Government for 17 Gripen E/F fighter aircraft, valued at EUR 3.1 billion, with deliveries scheduled from 2026 to 2032 [1] - The contract includes 15 single-seat Gripen E and two dual-seat Gripen F aircraft, along with associated equipment, weapons, training, and services [1] - Two offset agreements have been established, focusing on military and social projects that will enhance Colombia's capabilities in aeronautics, cyber security, health, sustainable energy, and water purification technology [1] Company Overview - Saab is a leading defense and security company with a mission to ensure the safety of nations and their societies, employing 26,000 skilled personnel [2] - The company specializes in designing, manufacturing, and maintaining advanced systems across various domains, including aeronautics, weapons, command and control, sensors, and underwater systems [2] - Saab is headquartered in Sweden and has significant operations globally, contributing to the domestic defense capabilities of multiple nations [2]
OceanPal Inc. Announces NASDAQ Ticker Change from "OP" to "SVRN"
Prnewswire· 2025-11-15 00:16
Core Points - OceanPal Inc. plans to change its stock ticker symbol from "OP" to "SVRN" effective November 17, 2025 [1][2] - The change will not affect the rights of outstanding common stock, and no action is required from shareholders [2] - OceanPal Inc. specializes in shipping transportation services, focusing on dry bulk vessels and product tankers [3] Company Overview - OceanPal Inc. is engaged in the seaborne transportation of bulk commodities such as iron ore, coal, and grain, as well as refined petroleum products [3] - The company's fleet primarily operates on time charter trips with short to medium duration and spot charters, aiming to maximize long-term shareholder value [3] Subsidiary Information - SovereignAI is a wholly owned subsidiary of OceanPal, formed to implement a digital asset treasury strategy [4] - SovereignAI focuses on developing confidential AI infrastructure that intersects AI and blockchain in public markets [4] - The subsidiary will utilize NEAR Protocol's technology to establish private, user-owned commerce, with funds generated from NEAR tokens supporting the company's blockchain-native AI infrastructure goals [4]
Conrad Industries Announces Third Quarter 2025 Results and Backlog
Prnewswire· 2025-11-14 23:31
Financial Performance - For Q3 2025, Conrad Industries reported a net income of $5.5 million and earnings per diluted share of $1.09, a decrease from $7.5 million and $1.49 in Q3 2024 [2] - For the nine months ended September 30, 2025, net income was $15.2 million and earnings per diluted share were $3.02, compared to $11.2 million and $2.24 for the same period in 2024 [2] - The financial results for 2024 included an $8.04 million judgment collection, which contributed approximately $5.8 million to net income [2] Contract and Backlog Information - In the first nine months of 2025, Conrad signed contracts worth $123.4 million in its new construction segment, down from $218.4 million in the same period of 2024 [3] - The backlog as of September 30, 2025, was $196.0 million, a decrease from $293.8 million at December 31, 2024, and $282.2 million at September 30, 2024 [3] - Since September 30, 2025, the company has signed an additional $46.8 million in contracts [3] Company Overview - Conrad Industries, established in 1948 and headquartered in Morgan City, Louisiana, specializes in designing, building, and overhauling various steel marine vessels [4] - The company provides services including conversion, repair, and new construction at its five shipyards located in southern Louisiana and Texas [4]
FCX INVESTOR ALERT: Freeport-McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead the Freeport-McMoRan Class Action Lawsuit
Prnewswire· 2025-11-14 23:09
Core Viewpoint - The Freeport-McMoRan Inc. class action lawsuit alleges violations of the Securities Exchange Act of 1934 by the company and its executives, focusing on safety issues at the Grasberg mine and the subsequent impact on stock prices [1][4][5]. Group 1: Class Action Details - Purchasers of Freeport-McMoRan securities between February 15, 2022, and September 24, 2025, can seek lead plaintiff status by January 12, 2026 [1]. - The lawsuit is titled Reed v. Freeport-McMoRan Inc., No. 25-cv-04243 (D. Ariz.) [1]. - The allegations include failure to ensure safety at the Grasberg Block Cave mine, leading to increased risks for workers [4]. Group 2: Incident and Stock Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, resulting in a nearly 6% drop in stock price [5]. - Following the incident, on September 24, 2025, it was revealed that two team members were fatally injured, and production estimates for 2026 could be approximately 35% lower than previously expected, causing a nearly 17% decline in stock price [6]. - An article published on September 25, 2025, indicated that the halt in production could strain relations with the Indonesian government, leading to an additional stock price drop of over 6% [7]. Group 3: Company Operations - Freeport-McMoRan is involved in mining operations across North America, South America, and Indonesia, with the Grasberg mine being a significant asset [3].
Lennar Announces the Retirement of Jonathan Jaffe, Co-CEO and President
Prnewswire· 2025-11-14 22:20
Accessibility StatementSkip Navigation About LennarLennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughou ...
XTI Aerospace Announces Rescheduled Town Hall Addressing Strategic Initiatives
Prnewswire· 2025-11-14 22:00
Accessibility StatementSkip Navigation Updates on XTI Aircraft Program, Drone Nerds Acquisition, and Strategic Investment from Unusual Machines ENGLEWOOD, Colo. and DALLAS, Nov. 14, 2025 /PRNewswire/ -- XTI Aerospace, Inc. ("XTI" or the "Company") [NASDAQ: XTIA], a leader in scalable vertical-flight technologies and developer of the TriFan 600 next-generation vertical takeoff and landing (VTOL) aircraft, announced today that it will host a Town Hall event for investors, analysts, and members of the media. T ...
PRMB, PRMW Investors Have Opportunity to Lead Primo Brands Corporation Securities Fraud Lawsuit
Prnewswire· 2025-11-14 21:44
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of common stock of Primo Water Corporation and Primo Brands Corporation, alleging misrepresentation and failure to disclose key facts regarding the merger between the two companies [1][5]. Group 1: Class Action Details - The class action lawsuit covers purchasers of Primo Water common stock from June 17, 2024, to November 8, 2024, and purchasers of Primo Brands common stock from November 11, 2024, to November 6, 2025 [1]. - Investors who purchased securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the Court by January 12, 2026, to represent other class members in directing the litigation [3]. Group 2: Allegations Against Defendants - The lawsuit claims that defendants misrepresented the merger's progress and failed to disclose critical facts, leading investors to believe the merger would enhance growth and operational efficiencies [5]. - It is alleged that the defendants issued materially false and misleading statements about the merger integration, which was claimed to be proceeding "flawlessly" [5]. - When the true details of the merger were revealed, investors reportedly suffered damages [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [4].