Core Insights - Gildan Activewear Inc. has entered into a definitive merger agreement to acquire HanesBrands Inc. for an equity value of approximately $2.2 billion and an enterprise value of about $4.4 billion [1][8] - The merger is expected to double Gildan's revenues and enhance its market position in the basic apparel sector, particularly in activewear and innerwear [2][3] - The transaction is anticipated to generate at least $200 million in annual run-rate cost synergies within three years, with immediate accretion to Gildan's adjusted diluted EPS [3][4] Transaction Overview - The merger agreement has been unanimously approved by the Boards of Directors of both companies, with HanesBrands shareholders set to receive 0.102 common shares of Gildan and $0.80 in cash for each share of HanesBrands [8][9] - The offer implies a value of $6.00 per HanesBrands share, representing a premium of approximately 24% to its closing price on August 11, 2025 [8] - Upon closing, HanesBrands shareholders will own approximately 19.9% of Gildan shares on a non-diluted basis [3][8] Strategic Rationale - The merger will create a global leader in basic apparel, combining Gildan's activewear leadership with HanesBrands' strong innerwear presence [3][4] - The combined company will benefit from a low-cost vertically integrated manufacturing network, enhancing operational efficiencies and innovation [3][7] - The merger is expected to enhance product diversification and resilience against seasonal and cyclical variations in demand [7] Financial Projections - Gildan anticipates adjusted diluted EPS CAGR in the low 20% range over the next three years, driven by the merger synergies [3][14] - The pro forma adjusted EBITDA of the combined business is projected to be approximately $1.6 billion for the trailing twelve months ended June 29, 2025 [3][7] - The total consideration for the acquisition represents an acquisition multiple of approximately 8.9x HanesBrands' LTM adjusted EBITDA or 6.3x including expected run-rate synergies [8] Operational Impact - Gildan's headquarters will remain in Montréal, Québec, while maintaining a strong presence in Winston-Salem, North Carolina [5] - Gildan plans to review strategic alternatives for HanesBrands Australia, which may include a sale or other transaction [5] - The transaction is expected to close in late 2025 or early 2026, subject to shareholder and regulatory approvals [9]

VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) is pleased to announce the promotion of Stanley Komunt, as Vice President – Community Affairs and External Relations, and the appointment of Felix Kipalan, as General Manager – Community Affairs. Mr. Komunt is an experienced community and government relations leader with over 25 years of experience in the mining industry, specializing in corporate governance, stakeholder engagemen ...

Positive Phase 2 results for BX211 demonstrated >40% wound size reduction vs. placebo in diabetic foot osteomyelitis patients; Planning underway for potential registrational study Nature Communications publication of new BX004 Phase 1b/2a data demonstrated further ~500-fold (2.7 log₁₀)2 bacterial reduction versus placebo with no detectable emergence of resistance observed, highlighting strength of BiomX platform capabilitiesPhase 2b trial of BX004 in Cystic Fibrosis (CF) has successfully commenced patient d ...

MALVERN, Pa., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Ocugen, Inc. (Ocugen or the Company) (NASDAQ: OCGN), a pioneering biotechnology leader in gene therapies for blindness diseases, today announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) reviewed the study design, endpoints and planned statistical analysis of the ongoing pivotal confirmatory OCU410ST Phase 2/3 GARDian3 clinical trial for Stargardt disease and provided acceptability of a single U.S.-ba ...

ProVen VCT plcProVen Growth and Income VCT plc 13 August 2025 Intention to utilise an over allotment facility On 6 November 2024, ProVen VCT plc and ProVen Growth and Income VCT plc (the “Companies”) launched offers for subscription (the “Offer”) to raise up to £40 million by way of an issue of new ordinary shares ("New Ordinary Shares") in the Companies, with each of the Companies raising up to £15 million, together with an over allotment facility of up to a further £5 million for each Company. Full detai ...

Core Insights - Tianjin Economic-Technological Development Area (TEDA) has achieved significant results over 40 years of development, becoming a key economic zone in China [1] - By the end of 2023, TEDA attracted 1,720 foreign-invested enterprises from 97 countries, including 124 Fortune Global 500 companies, with utilized foreign capital reaching 70 billion U.S. dollars [2] - Foreign-invested enterprises contribute nearly half of TEDA's GDP and over 70% of its industrial output [3] Investment and Economic Impact - TEDA has established the China-Egypt TEDA Suez Economic and Trade Cooperation Zone, which has seen enterprises invest 4.45 billion U.S. dollars overseas, demonstrating its global reach [4] - The area has implemented 110 reform initiatives through platforms like the free trade zone and comprehensive bonded zone, enhancing its role as a gateway for northern Chinese enterprises to expand internationally [5]

Core Insights - Geespace successfully launched 11 satellites, increasing its GEESATCOM constellation from 30 to 41 satellites, with plans to reach 64 satellites within two months [1][3] - GEESATCOM supports various applications including IoT testing, inter-satellite communications, and Earth observation for ecological monitoring [2] - The company has established partnerships with telecom operators in over 20 countries, achieving high communication success and network availability [4] Company Developments - The recent launch took place off the coast of Rizhao, Shandong Province, and all satellites are operating normally [1] - Geespace is collaborating with local telecom operator ALTEL in Malaysia to provide localized GEESATCOM services, which has garnered attention from senior government officials [5] - The company aims to drive large-scale commercial adoption of low-Earth orbit satellite IoT communication technologies globally [5]

Core Viewpoint - UCLOUDLINK GROUP INC. reported a decrease in total revenues and net income for the second quarter of 2025, while operational metrics showed growth in data consumption and active terminals, indicating resilience amid macroeconomic challenges [1][5]. Financial Highlights - Total revenues were US$19.4 million, a decrease of 13.3% from US$22.4 million in Q2 2024 [4][6]. - Gross profit was US$10.2 million, down 7.0% from US$11.0 million in Q2 2024 [4][8]. - Net income was US$0.7 million, compared to US$2.2 million in Q2 2024 [4][17]. - Adjusted net income (non-GAAP) was US$0.5 million, down from US$2.6 million in Q2 2024 [4][18]. - Adjusted EBITDA (non-GAAP) was US$1.4 million, compared to US$3.3 million in Q2 2024 [4][15]. Operational Highlights - Total data consumed through the platform was 45,441 terabytes, an increase of 7.9% from 42,133 terabytes in Q2 2024 [4]. - Average daily active terminals (DAT) were 317,957, up 3.8% from 306,289 in Q2 2024 [4]. - Significant growth in DAT from GlocalMe IoT business (1,078.9% increase) and GlocalMe SIM business (164.0% increase) [4]. Revenue Breakdown - Revenues from services were US$14.6 million, an increase of 3.3% from US$14.2 million in Q2 2024, primarily due to data connectivity services [6]. - Revenues from data connectivity services were US$11.5 million, up 2.1% from US$11.2 million in Q2 2024 [11]. - Revenues from sales of products were US$4.8 million, a decrease of 42.0% from US$8.2 million in Q2 2024 [11]. Cost and Expenses - Cost of revenues was US$9.2 million, down 19.5% from US$11.4 million in Q2 2024 [7]. - Total operating expenses were US$10.4 million, compared to US$9.1 million in Q2 2024 [10]. Business Outlook - For Q3 2025, total revenues are expected to be between US$22.0 million and US$26.0 million, reflecting a potential decrease of 12.7% to an increase of 3.2% compared to Q3 2024 [22]. - Full-year revenue guidance for 2025 has been revised to a range of US$85 million to US$95 million, down from US$95 million to US$130 million due to ongoing macroeconomic challenges [23].

Core Points - Netic A/S, a subsidiary of Trifork, has secured an 8-year contract with the Danish Health Data Authority valued at approximately EUR 20 million (DKK 150 million) to manage operations for the National Service Platform (NSP) and the Shared Medication Record (FMK) [1][2][7] - The contract emphasizes the consolidation of data center operations onto a new shared infrastructure and application operations for NSP, highlighting a focus on modernizing the operating model and strengthening security [2][3] - The Danish Health Data Authority has set strict requirements for data security and national sovereignty, ensuring that all data remains within Denmark to comply with data protection laws [3][4] Company Overview - Netic A/S is recognized as a leading provider of secure and nationally critical IT operations in Denmark, focusing on business-critical IT operations with high compliance and uptime requirements [8][9] - The company operates data centers located in Denmark, ensuring that customers' data and applications are managed securely and in compliance with GDPR [9] Partnership Dynamics - The contract is described as a partnership rather than just an operations contract, with an emphasis on establishing a strong, open, and mutually binding collaborative relationship between Netic and the Danish Health Data Authority [5][6] - The Deputy Director of the Danish Health Data Authority expressed the intention to modernize and future-proof the operations of NSP and FMK for the benefit of citizens and healthcare professionals in Denmark [6]

DECISIONS OF THE EXTRAORDINARY GENERAL MEETING OF DIGITALIST GROUP PLC, INCLUDING A RESOLUTION ON THE SHARE CONSOLIDATION Digitalist Group Plc Stock Exchange Release 13 August 2025 at 11:15 DECISIONS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 13 AUGUST 2025 The Extraordinary General Meeting of Digitalist Group Plc was held on 13 August 2025 in Helsinki. The Extraordinary General Meeting resolved, in accordance with the proposal of the Board of Directors, on the following matters: Share consoli ...