Alvotech Meets Investors and Participates in a Fireside Chat at the Morgan Stanley 23rd Annual Global Healthcare Conference in New York
Globenewswire· 2025-09-04 13:15
REYKJAVIK, Iceland, June 4, 2025 - Alvotech (NASDAQ: ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, announced today its participation in the Morgan Stanley 23rd Annual Global Healthcare Conference, which will be held in New York, NY, September 8-10, 2025. Alvotech will be meeting with investors on Tuesday, September 9, 2025, and Dr. Balaji Prasad, Chief Strategy Officer, will participate in a fireside chat on Wednesday Septembe ...
Purple Biotech Announces Pricing of Up To $18 Million Public Offering
Globenewswire· 2025-09-04 13:15
Company Overview - Purple Biotech Ltd. is a clinical-stage company focused on developing first-in-class therapies to overcome tumor immune evasion and drug resistance [6] - The company's oncology pipeline includes CAPTN-3, CM24, and NT219, with innovative mechanisms targeting various cancer indications [6][7] Public Offering Details - Purple Biotech announced a public offering of 5,999,999 American Depositary Shares (ADSs) at a price of $1.00 per share, with short-term warrants to purchase up to 11,999,998 ADSs [1][3] - The gross proceeds from the offering are expected to be approximately $6 million, with potential additional proceeds of about $12 million from the exercise of short-term warrants [3] Use of Proceeds - The net proceeds from the offering will be utilized for the development of oncology therapeutic candidates and for general working capital and corporate purposes [3] Regulatory Information - The offering is conducted under a registration statement on Form F-1, which was declared effective by the SEC on September 4, 2025 [4]
Silvaco Names Chris Zegarelli as Chief Financial Officer
Globenewswire· 2025-09-04 13:15
Core Viewpoint - Silvaco Group, Inc. has appointed Chris Zegarelli as Chief Financial Officer, effective September 15, 2025, to drive growth and innovation in the semiconductor industry [1][2]. Company Overview - Silvaco is a provider of TCAD, EDA software, and SIP solutions that facilitate semiconductor design and digital twin modeling through AI software and innovation [3]. - The company serves various markets including display, power devices, automotive, memory, high-performance computing, foundries, photonics, IoT, and 5G/6G mobile markets [3]. Leadership Appointment - Chris Zegarelli brings over 20 years of leadership experience in the semiconductor industry, with expertise in investor relations, financing, financial reporting, forecasting, M&A, operations, and strategic planning [2]. - Prior to joining Silvaco, Zegarelli served as Senior Vice President of Finance at Infineon Technologies, where he led integration and strategic planning following a significant acquisition [2]. Strategic Focus - Zegarelli expressed enthusiasm about joining Silvaco at a pivotal growth stage, emphasizing the company's commitment to innovation and market momentum [3]. - He aims to work closely with the leadership team to drive strategic growth initiatives and strengthen the financial foundation of the company [3].
Wrap Unveils Patent Pending Wide Area Kinetic Anti-Drone Cassette for Effective Government C-UAS Operations
Globenewswire· 2025-09-04 13:15
Aligned with DoD requirements and Task Force 401, the compact cassette integrates with handheld, UAS, and UGV systems to deliver wide area coverage, multi-drone intercepts, and rapid-deploy tether technologyMIAMI, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (the “Company” or “Wrap”), a provider of innovative public safety and pre-escalation tools, today announced the 1KC: Kinetic Anti-Drone Cassette, a next-generation counter-unmanned aerial systems (C-UAS) technology. We belie ...
Bollinger Motors Announces 30 Unit Vehicle Sale to Ziegler and Range Truck Groups, DB Schenker and Larsen Enterprises
Globenewswire· 2025-09-04 13:10
Sales invoiced at $1,074,035; Company in receipt of full payment from DB Schenker and expects to receive full payment from Ziegler/Range on or before Sept. 30, 2025 Vehicles include 20 Class 1 urban delivery EV cargo vans, six Class 3 urban utility EV trucks and four Class 4 all-electric Bollinger B4 trucks Two Bollinger B4s delivered to Larsen Enterprises on Aug. 29, 2025 BREA, Calif., Sept. 04, 2025 (GLOBE NEWSWIRE) -- via IBN -- Bollinger Innovations, Inc. (NASDAQ: BINI) (“Bollinger Innovations” or the “ ...
Altai Declares Special Cash Distribution to Shareholders
Globenewswire· 2025-09-04 13:02
Core Points - Altai Resources Inc. has announced a special cash distribution of $0.06 per common share, totaling approximately $3.4 million, following shareholder approval for a reduction of the stated capital account [1][2] - The special cash distribution will be paid to holders of common shares recorded by October 2, 2025, with payment scheduled for October 9, 2025 [2] - The common shares will trade on a "due bill" basis starting October 3, 2025, and will trade "ex-distribution" from October 10, 2025 [2] Company Overview - Altai Resources Inc. is based in Toronto, Ontario, and has an oil property in Alberta along with a Canadian investment portfolio consisting of cash and cash equivalents [3]
Northrop Grumman to Participate in the 13th Annual Morgan Stanley Laguna Conference
Globenewswire· 2025-09-04 13:01
Company Participation - Northrop Grumman Corporation will participate in the 13th Annual Morgan Stanley Laguna Conference on September 11, 2025 [1] - Kathy Warden, the chair, CEO, and president of Northrop Grumman, will present at 12:15 p.m. Eastern time [1] - The presentation will be available via live webcast [1] Company Overview - Northrop Grumman is a leading global aerospace and defense technology company [2] - The company provides pioneering solutions that equip customers with capabilities to connect and protect the world [2] - Northrop Grumman is committed to solving customers' toughest problems and pushing the boundaries of human exploration [2]
Hydreight Announces Closing of its Oversubscribed $11.5 Million Convertible Debenture Offering, Including Full Exercise of Over-Allotment Option
Globenewswire· 2025-09-04 13:01
Core Viewpoint - Hydreight Technologies Inc. has successfully closed a private placement of unsecured convertible debentures, raising gross proceeds of C$11,500,000 to support its growth strategy and operational efficiency [1][4]. Group 1: Offering Details - The company issued a total of 11,500 convertible debentures at an issue price of C$1,000 each, including 1,500 debentures sold under the agent's over-allotment option [1]. - The debentures are unsecured, maturing on September 4, 2028, with an annual interest rate of 9.0%, payable semi-annually starting December 31, 2025 [2]. - Holders of the debentures can convert them into common shares at a conversion price of C$4.06 per share [2]. Group 2: Forced Conversion Right - The company has the option to force the conversion of the debentures if the volume-weighted average trading price of its common shares exceeds C$5.08 for 20 consecutive trading days [3]. - A notice will be provided to debenture holders if the forced conversion right is exercised, specifying the conversion date, which will be at least 30 days after the notice [3]. Group 3: Financial and Operational Insights - The CEO highlighted that the company has reached profitability as reflected in its Q2 financials and emphasized the importance of this funding for accelerating growth [4]. - The net proceeds from the offering will be utilized for general corporate and working capital purposes [5]. Group 4: Company Overview - Hydreight Technologies Inc. is developing a large mobile clinic network in the U.S., with a platform that connects over 2,500 nurses and 100 doctors across all 50 states [8]. - The platform includes integrated tools for healthcare professionals to provide services directly to patients, enhancing convenience and compliance [8].
SailPoint to Participate in Upcoming Investor Conferences
Globenewswire· 2025-09-04 13:00
AUSTIN, Texas, Sept. 04, 2025 (GLOBE NEWSWIRE) -- SailPoint, Inc. (Nasdaq: SAIL), a leader in enterprise identity security, today announced that it will participate in the following investor conferences: Goldman Sachs Communacopia + Technology Conference 2025San FranciscoWednesday, September 10, 2025 Piper Sandler Growth Frontiers ConferenceNashvilleWednesday, September 10, 2025 Wolfe Research TMT Conference 2025San FranciscoThursday, September 11, 2025 J.P. Morgan Software ForumNapa ValleyTuesday, October ...
LPL Financial Advisors Embrace AI’s Potential for Business Growth, Increased Capacity, Survey Finds
Globenewswire· 2025-09-04 13:00
Core Insights - LPL Financial's annual conference revealed that 78% of financial advisors are utilizing or planning to use AI tools to enhance business capacity in 2025 [1][2] - The firm invested $470 million in technology development in 2024, focusing on advisor feedback to improve operational efficiency and client experience [3] - A significant portion of advisors (66%) are adopting new technologies to create capacity, with 54% planning to grow their businesses through technology upgrades [2][4] Technology Adoption - More than half of LPL advisors (54%) aim to grow their businesses by upgrading technology systems, including AI and automation tools [2] - Only 12% of advisors see disruptive technology as a major challenge, compared to 23% citing economic volatility and sustaining growth [2] Investment and Innovation - LPL showcased innovations at Focus 2025, including expanded AI tools, major infrastructure investments, and a $50 million initiative to transform advisor compensation [3] - The firm is focused on automating time-consuming processes to enhance advisor efficiency and accuracy [3] Advisor Priorities - Advisors are looking to expand wealth management services, with 18% planning to offer alternative investments and 37% aiming to provide additional planning services [4] - A focus on serving higher-net-worth clients is evident, with 34% prioritizing wealth planning services and 24% cultivating relationships with CPAs and attorneys [4] Client Interests - Advisors reported that clients are most concerned about market volatility (62%), goals-based financial planning (50%), and tax optimization (49%) [5]