Rocket Lab Delivers Mission Success on First Launch of 2026 for New Customer: Open Cosmos
Globenewswire· 2026-01-22 12:33
Core Insights - Rocket Lab Corporation successfully completed its first launch of 2026 and its 80th overall Electron launch, demonstrating its ongoing capabilities in the launch services sector [1][2] Launch Details - The mission titled 'The Cosmos Will See You Now' lifted off from Rocket Lab Launch Complex 1 in Mahia, New Zealand, deploying two satellites into a 1,050 km circular Earth orbit for Open Cosmos, marking a successful collaboration with a new customer [2][4] - This launch highlighted the Electron rocket's versatility and reliability, reinforcing its position as a dependable small spacecraft launch vehicle [2][4] Customer and Market Context - Open Cosmos, a pan-European space technology company, is expanding its satellite services, having recently secured high-priority Ka-band spectrum and launched its first satellites for a new low Earth orbit telecom constellation [3] - The new constellation complements existing satellites that provide high-resolution imagery and global monitoring, indicating a growing demand for satellite services [3] Company Overview - Founded in 2006, Rocket Lab has established itself as a leader in end-to-end space solutions, including reliable launch services, satellite manufacturing, and on-orbit management [5] - The Electron launch vehicle has become the second most frequently launched U.S. rocket annually, successfully delivering over 200 satellites for various applications, including national security and scientific research [5] - Rocket Lab is also developing the larger Neutron launch vehicle for constellation deployment, indicating future growth potential in the launch services market [5]
N2OFF: MitoCareX Bio Announces Positive In Vitro Results from Its Mitochondrial Carrier Small Molecule Platform
Globenewswire· 2026-01-22 12:32
MITOLINE™ Algorithm Powers Development of First-in-Class Small Molecules Targeting a Mitochondrial Carrier for Inflammatory Metabolic Diseases – A Market Projected to Exceed $120 billion by 2030 Neve Yarak, Israel, Jan. 22, 2026 (GLOBE NEWSWIRE) -- N2OFF, Inc. (NASDAQ: NITO) (“N2OFF” and the “Company”), a drug discovery company that is also investing in solar energy assets based on the RTB (Ready to Build) business model, today announced that MitoCareX Bio Ltd. (“MitoCareX Bio”), a specialty biotechnology c ...
Mingteng International Announces 1-for-200 Reverse Stock Split Effective January 26, 2026
Globenewswire· 2026-01-22 12:30
Core Viewpoint - Mingteng International Corporation Inc. will implement a reverse stock split of its ordinary shares on a 1-for-200 basis, effective January 26, 2026, to reduce the number of outstanding shares and potentially enhance the stock's marketability [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split has been approved by both the shareholders and the board of directors, with fractional shares being rounded up to the next whole number [2]. - The total number of outstanding Class A ordinary shares will decrease from approximately 242,334,931 to about 1,211,675, while Class B ordinary shares will reduce from approximately 2,091,000 to around 10,455 [3]. - The Company will amend its Memorandum of Association to proportionately reduce the number of authorized ordinary shares and change the par value of post-split shares to US$0.002 per share [4]. Group 2: Company Overview - Mingteng International Corporation Inc. is based in China and specializes in automotive mold development and supply, focusing on molds for auto parts [5]. - The Company offers comprehensive mold services, including design, production, assembly, testing, repair, and after-sales service, with a production plant located in Wuxi, China [5]. - Key products include casting molds for turbocharger systems, braking systems, and molds for new energy electric vehicle components, serving various manufacturing industries [5].
Pecoy Copper Outlines 2026 Exploration Program and District-Scale Growth Strategy
Globenewswire· 2026-01-22 12:30
Up to 40,000 metres of drilling planned for 2026, including 5,000 metres at TororumeVANCOUVER, British Columbia, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Pecoy Copper Corp. (“Pecoy Copper” or the “Company”) (TSXV: PCU; FSE: D5E; OTCQB: PCUUF) is pleased to announce details of its 2026 exploration program at the Company’s flagship Pecoy Copper-Gold-Molybdenum-Silver Project (“Pecoy” or the “Project”) located in southern Peru, together with planned drilling at the nearby Tororume Project, highlighting the Company’s ...
Portfolio managers of three GAM-managed special situations funds call for shareholder vote on Yutaka Giken tender offer
Globenewswire· 2026-01-22 12:30
Core Viewpoint - The portfolio managers of GAM funds express strong concerns regarding the proposed tender offer by Samvardhana Motherson International (SAMIL) for Yutaka Giken, highlighting inadequate minority shareholder protections and questioning the fairness of the transaction [1][2]. Group 1: Tender Offer Concerns - The initial open letter criticized the tender offer as the "most egregious takeover offer" in decades, with a mere 6.4% premium compared to an average of 28.7% in similar transactions, valuing Yutaka below its net cash position [2][40]. - The second letter emphasizes that the Board's response to their concerns was "totally insufficient," failing to justify the low economic value of the proposed sale [3][26]. - The tender offer is structured as a two-step transaction aimed at delisting Yutaka and squeezing out minority shareholders, requiring the Board to reassess the fairness of the price and process [4][27]. Group 2: Minority Shareholder Protections - The absence of a Majority-of-Minority (MoM) safeguard in a controller-initiated transaction is highlighted, as Honda retains significant influence and is expected to hold 19% of Yutaka's shares post-transaction [5][28]. - The all-cash tender offer lacks a minimum acceptance condition, allowing the transaction to proceed even with minimal minority shareholder participation, raising concerns about the adequacy of protections [6][30]. - The closed price-setting process in the two-step squeeze-out means the tender offer price effectively becomes the final price for all minority shareholders, which is determined without their participation [7][32]. Group 3: Valuation Issues - The tender offer price is deemed materially inadequate when compared to objective valuation benchmarks, with the offer price being significantly lower than the company's net cash, tangible book value, and comparable transaction valuations [34][48]. - The lack of transparency in the valuation process, including undisclosed assumptions in the DCF analysis, raises serious concerns about the fairness of the price determination [46][45]. - The portfolio managers argue that the tender offer price should be at least 50-70% higher than the current offer based on various valuation metrics [51][48]. Group 4: Potential Conflicts and Governance - Concerns are raised about potential ancillary transactions between SAMIL, Yutaka, and Honda post-closing, suggesting that these could deprive minority shareholders of fair value [11][39]. - The letter calls for an extraordinary general meeting to solicit minority shareholder views, which would enhance the legitimacy of the Board's decision-making process [10][38]. - The overall governance of the transaction is criticized for lacking transparency and failing to maximize shareholder value, which could damage the reputation of Japanese corporate governance [49][41].
P10 Schedules Fourth Quarter and Full Year 2025 Earnings Release for Thursday, February 12, 2026
Globenewswire· 2026-01-22 12:30
DALLAS, Jan. 22, 2026 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions provider, today announced it will release its fourth quarter and full year 2025 results on Thursday, February 12, 2026, before U.S. markets open. The upcoming financial results will mark the Company’s inaugural quarterly report and conference call as Ridgepost Capital, Inc., after the new name becomes effective on February 11, 2026. The Company will host an earnings conference call at 8:30 a.m ...
PTL Limited Granted Additional 180-Day Grace Period to Regain Nasdaq Compliance
Globenewswire· 2026-01-22 12:30
Hong Kong S.A.R., Jan. 22, 2026 (GLOBE NEWSWIRE) -- PTL Limited (NASDAQ: PTLE) (“PTL” or the “Company”) announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on January 20, 2026, indicating that the Company is granted an additional 180 calendar days, until July 13, 2026, to regain compliance with the minimum bid price requirement of $1.00 per share, as stipulated by Nasdaq Listing Rule 5550(a)(2). On July 18, 2025, PTL Limited was notified t ...
Hecate Energy Group to Become Public Company Through Business Combination with EGH Acquisition Corp.
Globenewswire· 2026-01-22 12:30
CHICAGO, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Hecate Energy Group LLC (“Hecate”), an independent energy infrastructure developer, and EGH Acquisition Corp. (NASDAQ: EGHAU, EGHA, EGHAR) (“EGH”) today announced they have entered into a definitive business combination agreement (the “Transaction” or the “Business Combination”) that would result in Hecate becoming a public company to be listed on Nasdaq under the ticker symbol “HCTE.” Company Background Hecate is a leading U.S. developer of utility-scale energy pa ...
MariMed Launches Hemp-Derived THC Products Under its Vibations™ Brand in Rhode Island
Globenewswire· 2026-01-22 12:30
NORWOOD, Mass., Jan. 22, 2026 (GLOBE NEWSWIRE) -- MariMed Inc. (“MariMed,” “the Company”) (CSE: MRMD) (OTCQX: MRMD), a leading cannabis consumer packaged goods company and retailer, today announced the launch of a hemp-derived THC version of its Vibations™ hydrating drink mix brand in Rhode Island. The launch represents a capital-efficient opportunity for the Company to expand Vibations into the rapidly growing hemp THC beverage category through an established retail channel, without incremental cultivation ...
Applied Materials to Report Fiscal First Quarter 2026 Results on Feb. 12, 2026
Globenewswire· 2026-01-22 12:30
SANTA CLARA, Calif., Jan. 22, 2026 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that it will hold its fiscal first quarter 2026 earnings conference call on Thursday, Feb. 12, 2026, at 4:30 p.m. ET / 1:30 p.m. PT. The call will be webcast live at: https://ir.appliedmaterials.com. A replay will be available on the same day beginning at 8:00 p.m. ET / 5:00 p.m. PT. About Applied MaterialsApplied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the found ...