Group 1 - Enact Holdings, Inc. has secured approximately $225 million and $260 million of excess of loss reinsurance coverage for the 2025 and 2026 book years respectively, effective January 1, 2025, and January 1, 2026 [1] - The reinsurance coverage is provided by a panel of reinsurers rated "A-" or better by Standard & Poor's or A.M. Best, or rated "A3" or better by Moody's [1] - The transactions are part of Enact's credit risk transfer strategy, aimed at managing credit risk and strengthening the company's financial position [2] Group 2 - Enact operates primarily through its wholly-owned subsidiary, Enact Mortgage Insurance Corporation, and has been a leading provider of private mortgage insurance in the U.S. since 1981 [3] - The company focuses on partnering with lenders to provide best-in-class service, underwriting expertise, and risk management, thereby helping more people achieve homeownership [3] - Enact is headquartered in Raleigh, North Carolina, and aims to positively impact the communities it serves in a sustainable manner [3]

Core Viewpoint - Enact Holdings, Inc. has received upgrades in its insurance financial strength rating and senior debt rating from Fitch Ratings, indicating a strong financial performance and robust capital position [1][2]. Company Overview - Enact Holdings, Inc. operates primarily through its subsidiary, Enact Mortgage Insurance Corporation, and is a leading provider of private mortgage insurance in the U.S. since 1981 [3]. - The company aims to assist individuals in achieving homeownership by partnering with lenders to provide top-tier service, underwriting expertise, and risk management [3]. Rating Upgrades - Fitch Ratings upgraded Enact's insurance financial strength rating from A- to A and its senior debt rating from BBB- to BBB, with a stable outlook for both ratings [1][2]. - The upgrades reflect the company's progress in strengthening its financial foundation and effectively managing risk while focusing on strategic priorities [2].

Core Viewpoint - Enact Holdings, Inc. is set to release its fourth quarter earnings on February 4, 2025, with a conference call scheduled for February 5, 2025, to discuss the financial results [1]. Company Overview - Enact Holdings, Inc. operates primarily through its subsidiary, Enact Mortgage Insurance Corporation, and has been a leading private mortgage insurance provider in the U.S. since 1981 [4]. - The company focuses on helping individuals achieve homeownership by partnering with lenders to provide superior service, underwriting expertise, and risk management [4]. - Enact is headquartered in Raleigh, North Carolina, and aims to positively impact communities through its services [4]. Conference Call Details - Participants interested in the live question and answer session must pre-register to obtain a dial-in number and unique PIN, with a recommendation to join at least 15 minutes early [2]. - A live webcast of the conference call will be available on the company's website, and the event will be archived for one year [3].

Core Viewpoint - The heavy selling of ACT shares is nearing exhaustion, suggesting a potential trend reversal as indicated by its RSI reading of 29.26, which is in oversold territory [3][4]. Group 1: Stock Performance - ACT has experienced a downtrend with an 8.1% decline over the past four weeks due to excessive selling pressure [4]. - The stock is currently in oversold territory, which may lead to a turnaround as investors look for entry opportunities [4][5]. Group 2: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold conditions, with readings below 30 indicating potential price reversals [5]. - The current RSI reading for ACT is 29.26, suggesting that the stock is nearing a point of reversal [3][5]. Group 3: Analyst Sentiment - There is a strong consensus among sell-side analysts that ACT will report better earnings than previously predicted, leading to a 0.1% increase in the consensus EPS estimate over the last 30 days [6]. - ACT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a favorable outlook for a near-term turnaround [6].

Core Viewpoint - Aduro Clean Technologies Inc. has successfully completed a public offering, raising approximately US$4.52 million through the sale of 1,063,647 common shares at a price of US$4.25 per share, with a partial exercise of the over-allotment option [1][2] Group 1: Offering Details - The underwriters partially exercised their over-allotment option to purchase an additional 22,470 common shares [1] - The common shares began trading on The Nasdaq Capital Market under the ticker symbol "ADUR" on November 7, 2024 [1] - The offering was made under a registration statement filed with the U.S. Securities and Exchange Commission, which was declared effective on October 29, 2024 [4] Group 2: Use of Proceeds - The net proceeds from the offering are expected to be used for ongoing research and development costs, expenditures related to the construction of the "Next Generation Process" unit, and general corporate purposes and working capital [2] Group 3: Company Overview - Aduro Clean Technologies specializes in developing patented water-based technologies for recycling waste plastics, converting heavy crude and bitumen into lighter oil, and transforming renewable oils into higher-value fuels or chemicals [6] - The company's Hydrochemolytic™ technology operates at relatively low temperatures and costs, utilizing water as a critical agent in its chemistry platform [6]

Core Points - The Newport News Education Foundation has been awarded a $500,000 Accelerating Change Together (ACT) Grant to support the New Teacher Institute (NTI) program for Newport News Public Schools [1] - The grant aims to build a workforce pipeline by expanding first- and second-year teacher programs and developing a model program [3] - The ACT Grant initiative, launched in 2022, has previously supported the Virginia Beach Education Foundation and Virginia Beach City Public Schools [6] Company Contributions - BayPort Foundation, Ferguson, Newport News Shipbuilding, and Virginia Natural Gas are the four leading companies involved in this initiative [1] - BayPort Foundation is committed to over half a million dollars in annual corporate donations, ensuring that 100% of donations support its mission [9] - Ferguson operates in the $340 billion North American construction market, providing a wide range of products and services [10] - HII is the largest military shipbuilder in the U.S. and has a workforce of 44,000 [11] - Virginia Natural Gas serves nearly 300,000 customers and has been recognized for customer satisfaction [12] Grant Details - The ACT Grant will provide funding over three years to support the NTI program and address regional workforce needs [3][4] - The Newport News Education Foundation was selected from 21 applicants based on its innovative and sustainable project plan [5]

Group 1 - Aduro Clean Technologies Inc. announced the partial exercise of the over-allotment option in its U.S. public offering, resulting in the sale of 1,041,177 common shares for gross proceeds of approximately US$4.43 million at a price of US$4.25 per share [1][2] - The common shares began trading on The Nasdaq Capital Market under the ticker symbol "ADUR" on November 7, 2024 [1] - The net proceeds from the offering will be used for ongoing research and development costs, expenditures related to the construction of its "Next Generation Process" unit, and general corporate purposes [2] Group 2 - Aduro Clean Technologies specializes in developing patented water-based technologies for recycling waste plastics, converting heavy crude and bitumen into lighter oil, and transforming renewable oils into higher-value fuels or chemicals [6] - The company's Hydrochemolytic™ technology operates at relatively low temperatures and costs, utilizing water as a critical agent to convert low-value feedstocks into valuable resources [6]

Core Insights - Enact Holdings, Inc. has entered into two quota share reinsurance agreements with a panel of highly-rated reinsurers, aimed at prudent risk management and capital optimization [1][3] - The agreements involve ceding approximately 27% of expected new insurance written for the periods of January 1, 2025, to December 31, 2025, and January 1, 2026, to December 31, 2026 [2] Company Overview - Enact Holdings, Inc. operates primarily through its subsidiary, Enact Mortgage Insurance Corporation, and is a leading provider of private mortgage insurance in the U.S. since 1981 [5] - The company focuses on helping individuals achieve homeownership by partnering with lenders to provide best-in-class service, underwriting expertise, and risk management [5]

Core Points - Aduro Clean Technologies Inc. successfully held its 2023/2024 annual general meeting on November 22, 2024, where all nominees for election as directors were elected [1] - A total of 10,327,618 common shares, representing 37.93% of the outstanding shares, were voted by proxy at the meeting [2] - The voting results for the election of directors showed high approval rates, with Ofer Vicus receiving 99.84% votes in favor, James Scott 98.96%, and others around 99.97% [2] Company Overview - Aduro Clean Technologies specializes in developing patented water-based technologies aimed at chemically recycling waste plastics and converting heavy crude and bitumen into more valuable oil [4] - The company's Hydrochemolytic™ technology utilizes water as a key agent, operating at relatively low temperatures and costs, transforming low-value feedstocks into valuable resources for the 21st century [4]

LONDON, Ontario, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced the closing of its underwritten U.S. public offering (the “Offering”) of 941,177 common shares at a public offering price of US$4.25 per common share. The common sh ...