NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (NASDAQ:NDAQ) ("Nasdaq" or the "Company") announced today the consideration payable in connection with its previously announced offers to purchase for cash up to an aggregate principal amount of $218,053,000 (the "Aggregate Notes Cap") (reflecting an $18,053,000 increase from the previously announced cap of $200,000,000) of its outstanding Notes, comprised of (i) up to $41,360,000 aggregate principal amount (the "2028 Notes Cap") of the Company's 5.35 ...

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 1.5% on Tuesday.The Dow traded down 0.14% to 43,401.71 while the NASDAQ fell 1.46% to 19,005.00. The S&P 500 also fell, dropping, 0.77% to 5,936.91.Check This Out: Top 2 Industrials Stocks That Are Set To Fly This QuarterLeading and Lagging SectorsConsumer staples shares jumped by 1.8% on Tuesday.In trading on Tuesday, consumer discretionary shares fell by 1.9%.Top HeadlineHome Depot Inc HD reported better-than-expecte ...

Core Viewpoint - Nasdaq, Inc. announced early results of its cash tender offers to purchase up to $218,053,000 of its outstanding Notes, reflecting an increase from the previously announced cap of $200,000,000 [1] Group 1: Tender Offer Details - The tender offers include three series of senior notes: 5.350% Senior Notes due 2028 with a cap of $41,360,000, 5.550% Senior Notes due 2034 with a cap of $57,583,000, and 3.950% Senior Notes due 2052 with a cap of $119,110,000 [1] - As of the Early Tender Date, the total principal amount tendered for the 2028 Notes was $356,599,000, for the 2034 Notes was $448,646,000, and for the 2052 Notes was $244,562,000 [3] - The company will accept the Notes on a prorated basis since the total amount tendered exceeded the Aggregate Notes Cap [5] Group 2: Payment and Settlement - The company will make payment for the validly tendered Notes accepted for purchase on February 27, 2025, the Early Settlement Date [2] - The Total Consideration for each $1,000 principal amount of Notes accepted will include an early tender premium of $30.00 [6][7] - All holders of Notes accepted will receive accrued and unpaid interest from the last interest payment date to the Early Settlement Date [7] Group 3: Funding and Management - The company intends to fund the purchase of the validly tendered and accepted Notes with available cash on hand and other sources of liquidity [8] - J.P. Morgan Securities LLC is serving as the dealer manager for the Tender Offers [9]

Core Viewpoint - Nasdaq, Inc. announced early results of its cash tender offers to purchase up to $218,053,000 of its outstanding Notes, reflecting an increase from the previously announced cap of $200,000,000 [1] Group 1: Tender Offer Details - The tender offers include three series of Notes: 5.350% Senior Notes due 2028, 5.550% Senior Notes due 2034, and 3.950% Senior Notes due 2052, with respective caps of $41,360,000, $57,583,000, and $119,110,000 [1] - As of the Early Tender Date, the total principal amount tendered for the 2028 Notes was $356,599,000, for the 2034 Notes was $448,646,000, and for the 2052 Notes was $244,562,000 [3][5] - The Company will accept Notes on a prorated basis since the total amount tendered exceeded the Aggregate Notes Cap [5] Group 2: Payment and Settlement - The Company will make payment for the accepted Notes on February 27, 2025, which is the Early Settlement Date [2][5] - The Total Consideration for each $1,000 principal amount of Notes accepted will include an early tender premium of $30.00 [6][7] Group 3: Funding and Management - Nasdaq intends to fund the purchase of the validly tendered and accepted Notes with available cash on hand and other sources of liquidity [8] - J.P. Morgan Securities LLC is serving as the dealer manager for the Tender Offers, while D.F. King & Co., Inc. is the Tender and Information Agent [9][10]

Group 1 - Nasdaq will present at the Morgan Stanley Technology, Media & Telecom Conference on March 3, 2025, at 2:30 PM ET [1] - Sarah Youngwood, EVP & CFO of Nasdaq, will be the speaker at the conference [1] - Nasdaq is a global technology company that serves various financial market participants, including corporate clients, investment managers, banks, brokers, and exchange operators [1] Group 2 - The company aims to enhance liquidity, transparency, and integrity in the global economy through its platforms [1] - Nasdaq offers a diverse range of services, including data, analytics, software, and exchange capabilities, to help clients achieve their business objectives [1] - Additional information about Nasdaq can be found on its Investor Relations website and social media platforms [1]

Market Overview - U.S. stocks showed mixed performance, with the Nasdaq Composite declining approximately 100 points, while the Dow increased by 0.42% to 43,611.72 and the S&P 500 fell slightly by 0.01% to 6,013.05 [1] - Financial sector shares rose by 1% on Monday, while utility shares decreased by 0.6% [1] Company Earnings - Domino's Pizza Inc. reported weaker-than-expected fourth-quarter FY24 earnings, with sales growth of 2.9% year-on-year to $1.44 billion, falling short of the analyst consensus estimate of $1.48 billion. The EPS of $4.89 also missed the consensus estimate of $4.92 [2] Commodity Market - Oil prices increased by 0.6% to $70.83, while gold rose by 0.4% to $2,963.80. Conversely, silver fell by 1% to $32.67 and copper decreased by 0.9% to $4.5170 [5] European Market - European shares closed mixed, with the eurozone's STOXX 600 down by 0.08%, Germany's DAX 40 up by 0.62%, and France's CAC 40 down by 0.78% [6] Asian Market - Asian markets experienced declines, with China's Shanghai Composite Index down by 0.18%, Hong Kong's Hang Seng Index down by 0.58%, and India's BSE Sensex down by 1.14% [7] Notable Stock Movements - AtlasClear Holdings, Inc. saw a significant increase in shares, rising 191% to $6.84 after announcing second-quarter results. Santech Holdings Limited surged 202% to $1.8995, and Connexa Sports Technologies Inc. gained 97% to $1.26 following a multi-channel-network deal for TikTok content in the MENA region [9] - Target Hospitality Corp. shares dropped 46% to $5.06 after losing a key government contract and withdrawing FY25 guidance. Nikola Corporation shares fell 34% to $0.2527 after receiving a delisting letter from Nasdaq and filing for Chapter 11 bankruptcy [9]

Core Points - ZK International Group Co., Ltd. has successfully resolved the bid price deficiency concern raised by Nasdaq [1][2] - The company has regained compliance with the minimum bid price requirement, as confirmed by Nasdaq [2][3] - The closing bid price of the company exceeded US$1.00 for 10 consecutive business days, leading to the resolution of the matter [3] Company Overview - ZK International is a China-based engineering company focused on innovative technologies, holding 28 patents and 21 trademarks [5] - The core business involves engineering and manufacturing high-performance stainless steel and carbon steel pipe products for sustainable drinking water delivery [6] - The company has supplied stainless steel pipelines for over 2,000 projects, including significant venues for the 2008 Beijing Olympics [6] Market Opportunity - ZK International aims to capitalize on the Chinese Government's $850 billion commitment to improve water quality, addressing the issue of 70% of water being unfit for human contact [6]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments in complex instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to perform their own research [1]. Group 2 - The website includes information about high-risk financial instruments, including cryptocurrencies and CFDs, which are complex and can lead to significant financial losses [1]. - Users are encouraged to understand the workings of these instruments and assess their ability to handle the associated risks before investing [1].

Company Transformation and Acquisitions - In November 2023, the company accelerated its transformation by acquiring Adenza and its two flagship solutions, AxiomSL and Calypso[26]. Market Performance and Listings - As of December 31, 2024, a total of 5,249 companies listed securities on the company's exchanges, with 4,075 on The Nasdaq Stock Market[38]. - In 2024, the company achieved a total of 463 new listings, including 130 operating company IPOs and 50 SPAC IPOs[39]. - The eligible IPO win rate for 2024 was 82%, with operating companies achieving an 80% win rate[39]. Financial Performance - Revenues less transaction-based expenses for 2024 were $4,649 million, a 19.4% increase from $3,895 million in 2023[341]. - Operating income for 2024 was $1,798 million, reflecting a 13.9% increase compared to $1,578 million in 2023[341]. - Net income attributable to Nasdaq for 2024 was $1,117 million, a 5.5% increase from $1,059 million in 2023[341]. - Diluted earnings per share for 2024 decreased to $1.93, down 7.4% from $2.08 in 2023[341]. - Cash dividends declared per common share increased to $0.94 in 2024, a 9.3% rise from $0.86 in 2023[341]. - Total revenues for the year ended December 31, 2024, reached $7,400 million, representing a 22.0% increase compared to $6,064 million in 2023[345]. Segment Performance - Capital Access Platforms segment generated revenues of $1,972 million in 2024, up 11.4% from $1,770 million in 2023[347]. - Financial Technology segment revenues increased by 47.5% to $1,621 million in 2024, compared to $1,099 million in 2023[353]. - Market Services revenues grew by 20.9% to $3,771 million in 2024, compared to $3,156 million in 2023[345]. - Financial Crime Management Technology revenues increased to $273 million in 2024, a 22.2% rise from $223 million in 2023[354]. - Regulatory Technology revenues surged by 66.3% to $352 million in 2024, compared to $212 million in 2023[353]. - Capital Markets Technology revenues reached $996 million in 2024, reflecting a 50.0% increase from $664 million in 2023[353]. Employee and Workforce Metrics - The company had 9,162 full and part-time employees as of December 31, 2024[160]. - The internal employee engagement score reached a record high of 80% favorable in 2024, with a 94% participation rate in the survey[163]. - The workforce voluntary attrition rate was approximately 6.7% in 2024, nearly one percentage point lower than in 2023[163]. - In 2024, 98% of employees participated in at least one AI training program[166]. - Nasdaq employees raised over $550,000 for more than 800 charities worldwide in 2024[176]. Technology and Innovation - The Financial Technology segment focuses on Financial Crime Management Technology, Regulatory Technology, and Capital Markets Technology[52]. - The company aims to enhance market resiliency and scalability through new technologies such as cloud, blockchain, machine learning, and AI[29]. - Nasdaq is committed to leveraging AI for product development, focusing on areas such as investment analytics and fraud detection, with plans to enhance AI capabilities in 2025[82]. - The company is migrating its exchanges to cloud infrastructure in partnership with AWS, aiming for improved performance and flexibility for clients[85]. - Nasdaq's sustainability data management platform offers AI-powered insights for faster sustainability decisions[10]. Sustainability Initiatives - Nasdaq owns a majority stake in Puro.earth, enhancing its sustainability-focused technologies and offering resources for clients' sustainability objectives[80]. - Nasdaq aims to achieve carbon neutrality across all business operations for the seventh consecutive year by retiring remaining carbon offsets for 2024 by Q3 2025[116]. - Nasdaq was named to the Dow Jones Best-in-Class World Index for the first time in 2024 and maintained an "AA" rating from MSCI, placing it in the "Leaders" category[116]. Competitive Landscape - The Listings Services business in the U.S. and Europe facilitates capital formation through public capital markets, competing primarily with NYSE and various European exchanges[91]. - Nasdaq's market technology business faces competition from both exchange operators and independent technology providers, necessitating continuous investment and innovation[102]. - The Index business competes with various financial indices, including the Nasdaq-100 Index and Nasdaq Composite Index, against providers like S&P Dow Jones Indices and MSCI[93]. - Nasdaq's corporate solutions business faces competition from other exchange operators and firms providing investor relations services alongside listing services[95]. - The Financial Crime Management Technology offerings must demonstrate the ability to decrease false positives and provide insights into potential risks, competing on factors like workflow efficiency and data quality[98]. Regulatory and Compliance - Nasdaq conducts real-time market monitoring and suspicious trading behavior reviews through its Nasdaq Regulation department[127]. - Nasdaq's regulatory service agreements with FINRA ensure proper regulation of the markets[134]. - Nasdaq is subject to MiFID II and MiFIR regulations, impacting its European trading businesses[145]. - Nasdaq CSD SE provides notary, settlement, and central maintenance services in the Baltic countries and is licensed under European regulations[153]. Operating Expenses - Total operating expenses increased to $2,851 million in 2024, a 23.0% increase compared to $2,317 million in 2023[372]. - Compensation and benefits expense rose to $1,324 million in 2024, reflecting a 22.4% increase from $1,082 million in 2023, driven by a full year of Adenza employee costs and a $23 million pre-tax charge related to pension plan termination[372][373]. - Depreciation and amortization expense surged to $613 million in 2024, an 89.3% increase from $323 million in 2023, mainly due to amortization of intangible assets from the Adenza acquisition[372][378]. - Marketing and advertising expenses increased to $54 million in 2024, a 16.4% rise from $47 million in 2023, attributed to higher client incentive spending due to increased IPO activity[372][377]. - Regulatory expenses increased to $55 million in 2024, a 60.8% increase from $34 million in 2023, primarily due to the settlement of a previously disclosed inquiry[372][378]. - Professional and contract services expense rose to $152 million in 2024, an 18.4% increase from $128 million in 2023, driven by the inclusion of Adenza[372][374]. - Technology and communication infrastructure expenses increased to $281 million in 2024, a 20.9% rise from $233 million in 2023, due to increased investment in cloud initiatives and software licensing[372][375]. - Occupancy expenses decreased to $112 million in 2024, a 12.9% decline from $129 million in 2023, primarily due to impairment charges and exit costs from abandoned leased office space[372][376]. - Restructuring charges increased to $116 million in 2024, a 44.3% increase from $80 million in 2023, reflecting ongoing strategic initiatives[372].

Core Points - NewGenIvf Group Limited clarified that it has not yet achieved compliance with Nasdaq's $2.5 million minimum stockholders' equity requirement, although it believes it has exceeded this amount due to recent debt conversions and equity line drawdowns [1][2] - The Nasdaq Hearings Panel granted NewGen an extension to regain compliance with listing requirements, and the company has made progress, including a reverse stock split to meet the $1.00 bid price requirement [2] - NewGen operates as a comprehensive fertility services provider in Asia, with clinics in Thailand, Cambodia, and Kyrgyzstan, offering a range of infertility treatments and services [3]