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Bioleum Corporation Acquires RenFuel's Intellectual Property Portfolio
Globenewswire· 2025-12-03 21:15
Core Insights - Comstock Inc.'s strategic investee, Bioleum Corporation, has acquired substantially all patents and intellectual property assets of RenFuel K2B AB, including a patented catalytic esterification process [1][2] Financial Summary - The total purchase price for the acquisition is $18.1 million, which includes: - $12.5 million paid with 520,833 shares of Bioleum common stock - $2.5 million in warrants for an additional 104,167 shares at an exercise price of $24 per share - $2.6 million in debt forgiveness - $500,000 in cash - Additionally, there is a contingent earn-out payment of 3% of revenues from sales of lignin ester produced using the acquired technologies, capped at $11.9 million [2] Strategic Implications - Bioleum aims to convert woody biomass into renewable alternatives to petroleum, enhancing its technology stack with RenFuel's patented processes [3] - RenFuel's CEO expressed confidence that the transaction will maximize and accelerate the commercialization of their technologies globally [3] Licensing and Development Agreements - Bioleum has granted RenFuel an exclusive license to use the acquired technologies in biomaterials applications, subject to a 3% royalty [3] - A development services agreement has been established for ongoing technology development involving RenFuel's laboratory and pilot systems in Sweden [3] Termination of Previous Commitments - The transaction terminates a prior commitment by Bioleum to fund approximately $1 million per year to RenFuel under a previous agreement [4]
Fabrinet to Present at Barclays 23rd Annual Global Technology Conference
Globenewswire· 2025-12-03 21:15
BANGKOK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that its management will present in-person at the Barclays 23rd Annual Global Technology Conference in San Francisco, CA. The Fabrinet presentation is scheduled for Wednesday, December 10, 2025 at 1:55 p.m. PST (4:55 p.m. EST). A live webcast, as ...
Methode Electronics, Inc. Reports Fiscal 2026 Second Quarter Financial Results
Globenewswire· 2025-12-03 21:11
Net sales of $246.9 million down 15.6% year-over-year; up 2.6% on a sequential quarter basisNet loss of $9.9 million or 4.0% of net sales; adjusted EBITDA margin of 7.1%Reaffirming fiscal 2026 guidance for net sales of $900 million to $1 billion and adjusted EBITDA of $70 to $80 million CHICAGO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, today announced fi ...
Picard Medical, Inc. and SynCardia Systems LLC CEO to Present at CSI Focus D-HF 2025 in Frankfurt, Germany
Globenewswire· 2025-12-03 21:05
TUCSON, Ariz., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Picard Medical, Inc. (NYSE American: PMI) (“Picard” or the “Company”), parent company of SynCardia Systems LLC, maker of the world’s first total artificial heart approved by both the U.S. FDA and Health Canada, today announced that Patrick NJ Schnegelsberg, CEO will attend and present data on the fully implantable Emperor Total Artificial Heart (TAH) at the upcoming CSI Focus D-HF (Device Therapies in Heart Failure) conference, scheduled for December 5th thro ...
Coherent Expands Silicon Carbide Platform with 300mm Capability to Support Growing Demand of AI and Datacenters
Globenewswire· 2025-12-03 21:05
SAXONBURG, Pa., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, today announced a major milestone in its next-generation 300mm silicon carbide (SiC) platform to address increasing thermal efficiency demands in AI datacenter infrastructure. Coherent, a pioneer in large-diameter SiC substrates, has leveraged its proven 200mm platform expertise to develop a next-generation 300mm solution, engineered to manage rising thermal loads, that meets the accelerating perform ...
Inotiv Reports Fourth Quarter and Full Year Financial Results for Fiscal 2025 and Provides Business Update
Globenewswire· 2025-12-03 21:05
– Fourth quarter fiscal 2025 revenue up 5.9% to $138.1 million– Fiscal 2025 revenue increased 4.5% to $513.0 million– Fourth quarter fiscal 2025 operating loss decreased 48.5% to $6.8 million– Fiscal 2025 operating loss decreased 64.2% to $30.9 million– Conference call scheduled for today at 4:30 pm ET WEST LAFAYETTE, Ind., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Inotiv, Inc. (Nasdaq: NOTV) (the “Company”), a leading contract research organization specializing in nonclinical and analytical drug discovery and deve ...
Nasdaq to Present at Upcoming Investor Conference
Globenewswire· 2025-12-03 21:05
Core Insights - Nasdaq will present at the Goldman Sachs 2025 Financial Services Conference on December 10, 2025, at 1:00 PM ET, featuring Sarah Youngwood, Executive Vice President and CFO [1] Company Overview - Nasdaq is a leading global technology company that serves corporate clients, investment managers, banks, brokers, and exchange operators, facilitating their interaction with global capital markets and the financial system [1] - The company aims to deliver world-leading platforms that enhance liquidity, transparency, and integrity within the global economy [1] - Nasdaq offers a diverse range of data, analytics, software, exchange capabilities, and client-centric services, enabling clients to optimize and execute their business vision confidently [1]
Soleno Therapeutics Announces the Passing of Board Member William G. Harris
Globenewswire· 2025-12-03 21:05
Core Points - Soleno Therapeutics announced the passing of William G. "Bill" Harris, a long-serving member of its Board of Directors and Chairman of the Audit Committee since June 2014 [1][2] - Dr. Anish Bhatnagar, CEO and Chairman of the Board, expressed condolences and highlighted Mr. Harris's integrity and contributions to the company during challenging times [2] - Andrew Sinclair is expected to succeed Mr. Harris as Chair of the Audit Committee, qualifying as an "audit committee financial expert" as per SEC and Nasdaq rules [3] Company Overview - Soleno Therapeutics focuses on developing and commercializing novel therapeutics for rare diseases [4] - The company's first commercial product, VYKAT™ XR (diazoxide choline) extended-release tablets, was approved by the FDA on March 26, 2025, for treating hyperphagia in individuals with Prader-Willi syndrome aged 4 and older [4]
nCino Reports Third Quarter Fiscal Year 2026 Financial Results
Globenewswire· 2025-12-03 21:05
Total Revenues of $152.2M, up 10% year-over-year Subscription Revenues of $133.4M, up 11% year-over-yearGAAP Operating Margin of 8%, up over 800 basis points year-over-yearNon-GAAP Operating Margin of 26%, up 600 basis points year-over-year WILMINGTON, N.C., Dec. 03, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced financial results for the third quarter of fiscal year 2026, ended October 31, 2025. "I'm extremely proud ...
Digital Realty Announces Redemption of 2.500% Guaranteed Notes due 2026
Globenewswire· 2025-12-03 21:05
Core Viewpoint - Digital Realty, the largest global provider of cloud- and carrier-neutral data center solutions, announced the intention to redeem all outstanding 2.500% Guaranteed Notes due 2026, with a redemption date set for December 18, 2025 [1]. Group 1: Redemption Announcement - Digital Euro Finco, LLC, a wholly owned indirect finance subsidiary of Digital Realty, will redeem €1,075,000,000 aggregate principal amount of the 2.500% notes [1]. - The redemption price will be equal to par, plus accrued and unpaid interest up to the redemption date [1]. - Deutsche Trustee Company Limited serves as the trustee, while Deutsche Bank AG, London Branch acts as the paying agent for the notes [1]. Group 2: Company Overview - Digital Realty provides a comprehensive range of data center, colocation, and interconnection solutions through its global data center platform, PlatformDIGITAL® [2]. - The company operates over 300 facilities in more than 50 metropolitan areas across 25+ countries on six continents, facilitating access to connected data communities [2]. - Digital Realty's solutions support innovation in cloud and digital transformation, as well as emerging technologies like artificial intelligence (AI) [2].