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Zimmer Biomet Completes Acquisition of Paragon 28
Prnewswire· 2025-04-21 13:00
Core Viewpoint - Zimmer Biomet has completed the acquisition of Paragon 28, enhancing its position in the rapidly growing foot and ankle orthopedic market [1][5]. Group 1: Acquisition Details - The acquisition was finalized on April 21, 2025, under a merger agreement dated January 28, 2025 [5]. - Each outstanding common share of Paragon 28 was converted into $13.00 in cash and a contingent value right (CVR) worth up to $1.00 per share based on revenue milestones [6]. - Following the acquisition, Paragon 28 became a wholly-owned subsidiary of Zimmer Biomet, and its shares were delisted from the New York Stock Exchange [6][7]. Group 2: Strategic Benefits - The transaction strengthens Zimmer Biomet's offerings in the foot and ankle segment, leveraging Paragon 28's technology and sales organization [3]. - It complements Zimmer Biomet's existing fracture, trauma, and joint replacement portfolios, creating a dedicated sales channel for foot and ankle products [3]. - The acquisition is expected to drive growth in a ~$5 billion foot and ankle industry, which is projected to grow at high-single digits [4]. Group 3: Market Positioning - The acquisition enhances Zimmer Biomet's global footprint and infrastructure, facilitating adoption and growth in both U.S. and international markets [4]. - It accelerates penetration into the fast-growing Ambulatory Surgery Center (ASC) space, aligning with industry trends [4].
NovaSource and Doral Renewables Prepare to Deploy One of the US' Largest Agrivoltaics Facilities in Northwest Indiana
Prnewswire· 2025-04-21 13:00
Core Insights - NovaSource Power Services has partnered with Doral Renewables to provide Operations and Maintenance (O&M) and Generator Operator (GO) services for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the U.S. [1][4] - The Mammoth Solar Project aims to deliver nearly 1.6 GWdc of clean energy through a multi-phase initiative that integrates solar power generation with agricultural use, enhancing land functionality and supporting local farmers [2][6]. Company Overview - NovaSource is the world's largest independent solar O&M provider, managing over 30 GW of solar assets globally and offering a comprehensive suite of services including data-driven strategies and advanced monitoring systems [7][8]. - Doral Renewables, based in Philadelphia, has a renewable energy portfolio exceeding 16 GW, with a focus on community engagement and agrivoltaics practices [9][10]. Project Details - The Mammoth Solar Project consists of four phases, with Mammoth North (480 MWdc) completed in Q4 2024, and Mammoth South (360 MWdc), Mammoth Central I (360 MWdc), and Mammoth Central II (360 MWdc) expected to achieve commercial operation in 2026 [2]. - The project is designed to allow local farmers to diversify their revenue streams while maximizing land use, thereby supporting sustainable farming practices [2][5]. Strategic Importance - The collaboration between NovaSource and Doral Renewables is positioned to set new industry benchmarks for scale, sustainability, and innovation in large-scale solar initiatives [4][6]. - NovaSource's expertise in O&M services and compliance will ensure the Mammoth Solar Project operates at its full potential, contributing to the growing demand for reliable energy [3][4].
Great American Cookies and Marble Slab Creamery Reach 80th Location Milestone in Houston Area
Newsfilter· 2025-04-21 13:00
Core Insights - FAT Brands Inc. has achieved a significant growth milestone with the opening of the 80th location for its sister concepts, Great American Cookies and Marble Slab Creamery, in the Houston area [1][2] - The recent openings include two co-branded stores in Houston and Magnolia, Texas, highlighting Houston as a key expansion hub for these brands [1][2] Company Overview - FAT Brands is a leading global franchising company that owns and operates 18 restaurant brands, including Great American Cookies and Marble Slab Creamery, with over 2,300 units worldwide [4] - Great American Cookies, founded in 1977, is known for its Original Cookie Cake and a variety of baked goods, with more than 400 locations domestically and internationally [5] - Marble Slab Creamery has been innovating in the ice cream sector since 1983, offering homemade, small-batch ice cream with a unique frozen slab technique and a variety of mix-ins [6]
Vaccinex to Report Promising New Clinical Data Revealing Pepinemab's Unique Mechanism to Enhance Immunotherapy at Annual Meeting of American Association for Cancer Research (AACR)
Newsfilter· 2025-04-21 12:45
Neoadjuvant treatment with pepinemab appears to induce abundant, mature lymphoid structures that correlate with durable clinical benefit of immunotherapy in patients with metastatic melanoma. Pepinemab, Semaphorin 4D blocking immunotherapy, also appears to induce the formation of efficient lymphoid structures in "cold" tumors of patients with recurrent and metastatic head and neck cancer. ROCHESTER, N.Y., April 21, 2025 (GLOBE NEWSWIRE) -- Vaccinex, Inc. (NASDAQ:VCNX), a clinical-stage biotechnology company ...
Vaccinex to Report Promising New Clinical Data Revealing Pepinemab's Unique Mechanism to Enhance Immunotherapy at Annual Meeting of American Association for Cancer Research (AACR)
GlobeNewswire News Room· 2025-04-21 12:45
Neoadjuvant treatment with pepinemab appears to induce abundant, mature lymphoid structures that correlate with durable clinical benefit of immunotherapy in patients with metastatic melanoma. Pepinemab, Semaphorin 4D blocking immunotherapy, also appears to induce the formation of efficient lymphoid structures in “cold” tumors of patients with recurrent and metastatic head and neck cancer. ROCHESTER, N.Y., April 21, 2025 (GLOBE NEWSWIRE) -- Vaccinex, Inc. (Nasdaq: VCNX), a clinical-stage biotechnology compan ...
NN Announces Another Strong Quarter of New Business Wins
GlobeNewswire· 2025-04-21 12:45
New Business Awards of $16.4 million in first quarter 2025; New Business Awards of over $150 million since Q1 2023; tracking ahead of its five-year plan Company raises five-year Adjusted EBITDA margin target range to 13–14%, and reaffirms previous 2025 Adjusted EBITDA guidance CHARLOTTE, N.C., April 21, 2025 (GLOBE NEWSWIRE) -- NN (NASDAQ: NNBR) today announced an update on its new business wins program and its ongoing above-plan margin results. Highlights: First quarter 2025 new business wins were $16.4 ...
Epika Fleet Services, Inc. Acquired by Ares Management
Prnewswire· 2025-04-21 12:44
NASHVILLE, Tenn., April 21, 2025 /PRNewswire/ -- Epika Fleet Services, Inc. ("Epika" or the "Company"), a leading mobile-focused provider of preventative maintenance and repair services for commercial trucking fleets, announced that an Ares Private Equity fund ("Ares") has acquired a majority stake in the Company. The transaction provides Epika with significant additional capital to support investments in the quality and buildout of its service offerings, expand its customer base in underserved geographies ...
American Rebel Light Beer Partners with Charlotte Motor Speedway to be Title Sponsor of American Rebel Light NHRA 4-Wide Nationals
GlobeNewswire· 2025-04-21 12:37
American Rebel Holdings Inc American Rebel Light NHRA 4-Wide Nationals Nashville, TN, April 21, 2025 (GLOBE NEWSWIRE) -- American Rebel Holdings, Inc. (NASDAQ: AREB) ("American Rebel" or the "Company"), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), is thrilled to announce its title sponsorship of the American Rebel Light NHRA 4-Wide Nationals at Charlotte Mot ...
SpartanNash Welcomes Jay Mahabir as Vice President, Retail Operations
Prnewswire· 2025-04-21 12:35
Mahabir will oversee nearly 200 grocery stores in 10 states, bringing experience from Meijer, Lowe's and TargetGRAND RAPIDS, Mich., April 21, 2025 /PRNewswire/ -- Food solutions company SpartanNash® (the "Company") (Nasdaq: SPTN) today announced Jay Mahabir has been named Vice President, Retail Operations, effective immediately. Mahabir will oversee retail operations at nearly 200 SpartanNash-operated stores in 10 states. He will be focused on leading an excellent in-store and online experience for Associat ...
ParaZero Receives the Israeli Ministry of Defense Approval to Market Globally its DropAir Precision Airdrop System in Collaboration with Heven Drones
GlobeNewswire· 2025-04-21 12:34
TEL AVIV, Israel, April 21, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems, announced today that official marketing approval from the Israeli Ministry of Defense’s Defense Export Controls Agency (DECA) was received for the DropAir™ Precision Airdrop System, developed in collaboration with Heven Drones (“Heven”) , a leading U.S. drone manufacturer wi ...