UPDATE: Fortress Biotech's Subsidiary Cyprium Therapeutics Enters into Agreement to Sell Rare Pediatric Disease Priority Review Voucher for $205 Million
Globenewswire· 2026-02-23 14:24
Core Viewpoint - Fortress Biotech, Inc. and its subsidiary Cyprium Therapeutics announced the sale of a Rare Pediatric Disease Priority Review Voucher for $205 million, highlighting the company's strategic focus on value-generating transactions and advancements in their product pipeline [1][3]. Company Developments - Cyprium Therapeutics has transferred the development and commercialization rights of ZYCUBO to Sentynl Therapeutics, which was approved by the FDA on January 12, 2026, for treating Menkes disease [2]. - The PRV was issued following the FDA approval of ZYCUBO, and Cyprium is set to receive tiered royalties on net sales and up to $129 million in development and sales milestones from Sentynl [2]. - Cyprium is obligated to pay 20% of the PRV sale proceeds to the Eunice Kennedy Shriver National Institute of Child Health and Human Development [2]. Strategic Positioning - Fortress Biotech's Chairman emphasized the significance of the PRV sale and recent FDA approvals for their products, indicating a strong position to execute on their portfolio [3]. - Cyprium's recent achievements include the approval of ZYCUBO and the execution of the asset sale, with plans to advance AAV-ATP7A Gene Therapy for Menkes disease [3]. Company Background - Cyprium Therapeutics focuses on developing therapies for Menkes disease and related disorders, having established a partnership with the Eunice Kennedy Shriver National Institute of Child Health and Human Development for clinical development [4]. - Fortress Biotech is an innovative biopharmaceutical company with a diverse portfolio, including eight marketed products and multiple development programs across various therapeutic areas [5].
Century Aluminum to Participate in BMO 2026 Global Metals, Mining & Critical Minerals Conference
Globenewswire· 2026-02-23 14:21
Group 1 - Century Aluminum Company will have its President and CEO, Jesse Gary, present at the BMO Global Metals, Mining, & Critical Minerals Conference on February 24, 2026, at 8:15 a.m. EST [1] - A real-time audio webcast of the conference session will be accessible on the "Investors" section of Century's website [1] Group 2 - Century Aluminum Company is headquartered in Chicago, IL, and operates primary aluminum smelting facilities in the United States and Iceland [2] - The company is the majority owner and managing partner of the Jamalco alumina refinery located in Jamaica [2]
Algorhythm Holdings Strengthens Balance Sheet with $9.5 Million Capital Infusion, Fully Capitalized for 2026 Growth Plan
Globenewswire· 2026-02-23 14:15
Core Insights - Algorhythm Holdings, Inc. has secured an additional $9.5 million under its existing $20 million financing facility, raising the total capital to $19.5 million, which positions the company to execute its global growth strategy for the SemiCab platform [1][2] Financial Position - Following the new funding, Algorhythm reported approximately $12.5 million in cash on hand, providing sufficient capital for the expansion of its SemiCab platform in India, the U.S., and other international markets [2] - The company has repaid approximately $7 million of the initial $10 million under the financing facility, enhancing its balance sheet and increasing stockholders' equity [3] Strategic Focus - The company aims to utilize the proceeds from the funding to accelerate U.S. go-to-market efforts for the newly launched SemiCab Apex SaaS platform, grow its customer base in India, expand into new freight logistics markets, and develop complementary products and services [6] Company Overview - Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth of SemiCab, which addresses supply-chain challenges globally through its AI-enabled, cloud-based Collaborative Transportation Platform [4] - SemiCab's platform utilizes real-time data and advanced predictive optimization models to enhance logistics efficiency, allowing shippers to reduce costs while increasing carrier earnings [4]
TIAN RUIXIANG in Advanced Talks to Combine With An Asia-Pacific Leading InsurTech In Addition to Advancing Its 15,000 Bitcoin Acquisition Strategy
Globenewswire· 2026-02-23 14:15
Core Viewpoint - Tian Ruixiang Holdings Ltd is in advanced discussions for a strategic business combination with a leading InsurTech company in the Asia-Pacific region, alongside its ongoing Bitcoin acquisition strategy aimed at enhancing shareholder value [1][2][6]. Group 1: Strategic Business Combination - The InsurTech leader is characterized as a well-capitalized, high-growth entity with proprietary AI-driven underwriting, digital distribution, and automated claims processing [3]. - The proposed structure will position Tian Ruixiang as the exclusive public platform for the InsurTech to access U.S. capital markets, facilitating its global expansion [4]. - Existing shareholders of TIRX will maintain full public market ownership and benefit from the potential upside of the combined InsurTech platform [4][9]. Group 2: Shareholder Value Creation - The strategic initiatives are expected to attract significant institutional interest, expand analyst coverage, and create substantial shareholder value [5][9]. - The CEO emphasized that these initiatives represent a historic opportunity to unlock exceptional and sustainable value for shareholders, although no definitive agreement has been reached yet [6][7]. Group 3: Company Overview - Tian Ruixiang Holdings Ltd is a NASDAQ-listed holding company focused on insurance-related services in China, with a commitment to strategic transformation and maximizing long-term shareholder value [7].
SafeSpace Global Corporation Transitions from Pre-Revenue to Active Revenue Generation with Eight Contracted Senior Living Facility Installations
Globenewswire· 2026-02-23 14:15
Core Insights - SafeSpace Global Corporation has transitioned from a pre-revenue stage to generating recurring monthly revenue through the deployment of its AI-powered safety technology in eight senior living facilities as of February 2026 [1][3][10] Revenue Commencement and Contract Portfolio - The company has executed eight service contracts with senior living facility operators, marking a significant operational milestone and confirming the successful development and implementation of its product [3][4] - These contracts represent real revenue from actual deployments, with facilities now utilizing the technology in daily operations and compensating the company on a recurring monthly basis [4][11] Technology Overview - SafeSpace Global's platform utilizes proprietary AI technology to provide continuous, privacy-aware monitoring, enhancing resident safety without the need for intrusive wearables or alarm systems [5][6] - The system includes critical safety functions such as elopement detection, enhanced visitor management, and accelerated incident investigation and documentation [6][7] Addressing Industry Challenges - The technology addresses significant challenges in the senior living industry, including staffing shortages and regulatory scrutiny, by reducing manual monitoring demands and supporting consistent safety practices [8][9] - Facilities adopting this technology are positioned as leaders in resident safety and care quality, setting a new standard in the industry [12][13] Privacy and Compliance - The platform is designed to meet stringent privacy and security requirements, ensuring HIPAA compliance and incorporating various safeguards for protected health information [9] Growth Trajectory - The transition to active revenue generation is a critical inflection point for the company, with established contracts providing a foundation for future market penetration and revenue growth [10][11]
Trust Stamp Contracts with IDetect to Provide Them with DMV Data Verification for High-Volume Identity Security
Globenewswire· 2026-02-23 14:15
Core Viewpoint - Trust Stamp has partnered with IDetect to enhance ID scanning and entrance security solutions by integrating access to the AAMVA Driver's License Data Verification service, enabling real-time verification of driver's license data against official records [1][2][3] Company Overview - Trust Stamp is a global provider of AI-powered trust, identity, and security solutions, focusing on reducing fraud and enhancing operational efficiency across various sectors including banking, healthcare, and government [5][6] - IDetect, Inc. specializes in advanced ID scanning solutions, serving over 70 vertical markets such as hospitality, retail, and government, aimed at preventing identity fraud and ensuring regulatory compliance [7] Product Enhancement - The integration of AAMVA DLDV allows IDetect to move from simple document authentication to comprehensive data verification, significantly improving security measures against sophisticated forgeries [3][4] - This new capability is expected to process millions of verifications per month, setting a new standard in the ID scanning industry [4] Market Impact - The AAMVA DLDV integration will be available across IDetect's hardware and software solutions, providing a one-second verification process that enhances entrance security and reduces insurance liability [4]
Jeffs’ Brands Sells 6.3% of Fort Technology’s Outstanding Shares ; Company to Retain Majority Stake Valued at Approximately $24 Million Valuation
Globenewswire· 2026-02-23 14:05
Core Viewpoint - Company is divesting retail assets to concentrate on homeland security and advanced technologies, leveraging AI-driven solutions for growth in this sector [1][2]. Group 1: Transaction Details - Company has closed a share transfer agreement to sell 714,286 common shares of Fort Technology Inc. for a total consideration of CAD $928,571, which is approximately CAD $1.3 per share [1]. - The shares sold represent about 8.1% of Company’s holdings in Fort and approximately 6.3% of Fort's outstanding shares [1]. - Following the transaction, Company retains a 71.55% equity stake in Fort [2]. Group 2: Strategic Focus - Company is shifting its focus towards the global homeland security sector through its subsidiary, KeepZone AI Inc., following a distribution agreement with Scanary Ltd. in December 2025 [3]. - The aim is to create comprehensive security ecosystems for critical infrastructure worldwide, capitalizing on the significant growth potential of the homeland security market [3].
Consolidated Water to Attend the 38th Annual ROTH Conference, March 22-24, 2026
Globenewswire· 2026-02-23 14:01
Core Insights - Consolidated Water Co. Ltd. has been invited to the 38th Annual ROTH Conference, scheduled for March 22-24, 2026, at The Ritz-Carlton Laguna Niguel in Dana Point, California [1] - The conference is expected to attract over 5,000 participants, including institutional investors, family offices, high-net-worth investors, and equity analysts [2] - CEO Rick McTaggart, CFO David Sasnett, and COO Ramjeet Jerrybandan will engage in one-on-one meetings with analysts and investors to discuss the company's operating results and growth drivers across its four business segments [3] Company Overview - Consolidated Water Co. Ltd. specializes in the development and operation of advanced water treatment plants and water distribution systems [6] - The company operates seawater desalination facilities in the Cayman Islands, The Bahamas, and the British Virgin Islands, and also provides water treatment and reuse facilities in the United States [6] - In addition to its core operations, the company manufactures and services a variety of products and offers design, engineering, management, and operational services for commercial and municipal water production, supply, and treatment [7] Financial Highlights - The company has increased its quarterly cash dividend by 27.3% to $0.14 per share, effective from the third quarter of 2025 [3]
Abits Group Inc Announces $2.1 Million Registered Direct Offering Priced at the Market Under Nasdaq Rules
Globenewswire· 2026-02-23 14:00
HONG KONG, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ: ABTS) (the “Company”), a new generation digital center with inhouse bitcoin mining operations, today announced that it has entered into definitive agreements in a registered direct offering with institutional investors for the purchase and sale of approximately $2.1 million of Ordinary Shares and pre-funded warrants at a price of $2.65 per Ordinary Share. The entire transaction has been priced at the market under Nasdaq rules. The offerin ...
J-Star Signs Exclusive Distribution Agreement with PSSB
Globenewswire· 2026-02-23 14:00
Core Insights - J-Star Holding Co., Ltd. has entered into an exclusive global distribution agreement with Patriot Green Energy Technology, enhancing its position in the energy storage ecosystem [1][4] - The partnership allows J-Star to exclusively distribute PSSB's products in the electric assist bicycles and electric motorcycles sectors, while also holding non-exclusive distribution rights for other products [3] Company Overview - J-Star is a leading provider of carbon fiber and composite solutions, serving various applications including sports equipment, healthcare products, and automobile parts [1][5] - The company has over 50 years of experience in the material composites industry and operates through subsidiaries in Taiwan, Hong Kong, and Samoa [5] Partnership Details - The collaboration with PSSB, a developer of solid state battery technology, is expected to leverage the R&D capabilities of Taiwan's Industrial Technology Research Institute [2][4] - This agreement is seen as a significant step in strengthening J-Star's product offerings in the energy storage sector [4]