Vivoryon Therapeutics N.V. Reports Q3 2025 Financial Results and Business Updates
Globenewswire· 2025-12-04 06:00
Core Insights - Vivoryon Therapeutics N.V. reported advancements in its clinical program for varoglutamstat, particularly in improving kidney function in diabetic patients, and successfully completed a capital raise to support its strategic objectives [2][3][4] Financial Results - Revenues for the nine months ended September 30, 2025, were zero, consistent with the same period in 2024 [10] - Research and development expenses decreased by EUR 8.9 million to EUR 3.7 million compared to EUR 12.6 million in the same period of 2024, primarily due to reduced clinical development costs [11] - General and administrative expenses were EUR 4.0 million, down from EUR 4.9 million in the previous year, attributed to lower personnel costs [12] - The net loss for the nine months ended September 30, 2025, was EUR 7.6 million, compared to EUR 17.1 million for the same period in 2024 [12] - Cash and cash equivalents as of September 30, 2025, were EUR 2.5 million, down from EUR 9.4 million at the end of 2024 [13] Clinical Program Updates - The Phase 2 program for varoglutamstat demonstrated statistically significant and clinically meaningful improvements in kidney function (eGFR) compared to placebo in two independent studies [4] - A new analysis indicated a consistent treatment effect across patients with varying eGFR baseline levels, particularly in those with more impaired kidney function [3][7] - The company plans to initiate a dedicated Phase 2b clinical study in patients with diabetic kidney disease (DKD) stage 3b/4, pending additional funding or partnerships [4][16] Corporate Development - Vivoryon successfully completed a private placement raising EUR 5.1 million, extending its cash runway into Q3 2026 [6][14] - The company is actively exploring additional funding and partnership opportunities to support its DKD program and other development initiatives [16] - A new CFO, Marcus Irsfeld, will succeed Anne Doering, who is stepping down in December 2025 [15]
Trident Digital Returns as Title Sponsor of Singapore Comic Con 2025
Globenewswire· 2025-12-04 06:00
Core Insights - Trident Digital Tech Holdings Ltd. will serve as the Title Sponsor for Singapore Comic Con 2025, enhancing digital engagement and offering exclusive promotions [1][2][8] Group 1: Event Overview - Singapore Comic Con 2025 is set to be the largest edition since the pandemic, taking place on December 6-7, 2025, at Marina Bay Sands Expo & Convention Centre [2][9] - The event aims to deepen fan engagement and strengthen connections among attendees, creators, and merchants through an expanded range of digital-first experiences [2] Group 2: Tridentity Activations - Tridentity will introduce the Comic Con Quest, a pre-event trivia challenge that allows fans to earn points and win VIP passes and tickets [4] - Exclusive ticket bundles will be offered, combining SGCC tickets with added-value voucher packs [5] - An on-site interactive zone will feature daily lucky draws, exclusive giveaways for new app sign-ups, and merchant counters for live TriVoucher transactions [6] Group 3: Merchant Integration - Tridentity will collaborate with SGCC exhibitors to feature them in the Tridentity app, providing vouchers and discounts to drive foot traffic to their booths [7] - Special TriVoucher redemptions will be enabled throughout the event, enhancing the overall experience for attendees [7] Group 4: Company Vision - The CEO of Trident emphasized that returning as Title Sponsor allows the company to elevate fan engagement through innovative digital experiences, blending physical fandom with secure digital interactions [8]
Check Point Software Announces Pricing of Upsized Private Offering of $1.75 Billion of 0.00% Convertible Senior Notes due 2030
Globenewswire· 2025-12-04 05:41
Core Viewpoint - Check Point Software Technologies Ltd. has announced the pricing of $1.75 billion in Convertible Senior Notes due 2030, increasing from a previously announced $1.5 billion offering, with an option for initial purchasers to buy an additional $250 million [1][6]. Group 1: Offering Details - The Notes will be senior unsecured obligations of Check Point, with a maturity date of December 15, 2030, and will not bear regular interest [2]. - The initial conversion rate is set at 4.1042 ordinary shares per $1,000 principal amount of Notes, equating to a conversion price of approximately $243.65 per share, representing a 27.5% premium over the last reported sale price [5]. - The net proceeds from the Offering are estimated to be approximately $1.72 billion, intended for capped call transactions, share repurchases, and general corporate purposes [6][7]. Group 2: Redemption and Repurchase Rights - Check Point may redeem the Notes under specific conditions, including tax-related events or if the last reported sale price of its ordinary shares meets certain thresholds [3][4]. - Holders of the Notes can require Check Point to repurchase the Notes for cash under certain conditions, including a fundamental change [4]. Group 3: Capped Call Transactions - Check Point has entered into capped call transactions to cover the number of ordinary shares underlying the Notes, aimed at reducing potential dilution upon conversion [8]. - The cap price for these transactions is approximately $334.43 per share, representing a 75% premium over the last reported sale price of $191.10 [8]. Group 4: Market Impact and Trading - The establishment of initial hedges for the capped call transactions may influence the market price of Check Point's ordinary shares and the Notes [9]. - Concurrent repurchases of ordinary shares may lead to higher trading prices, potentially affecting the initial conversion price of the Notes [9].
Nokia partners with Bharti Airtel to unlock 5G capabilities for developers and enterprises via network APIs
Globenewswire· 2025-12-04 05:00
Core Insights - Nokia has partnered with Bharti Airtel to provide third-party developers access to Airtel's network capabilities through Nokia's Network as Code platform, enabling new monetization opportunities and innovative use cases across various industries [2][3][6] Group 1: Partnership Details - The collaboration allows developers and enterprises to utilize Airtel's extensive pan-India network assets, enhancing the potential for automation and secure digital services [2][5] - Airtel's network APIs will be available on a subscription basis to a network of developers, system integrators, and enterprises, facilitating the development of advanced solutions leveraging AI, 5G, and edge computing [3][4] Group 2: Technology and Ecosystem - Network APIs are transforming the telecommunications landscape by enabling operators to virtualize network components and provide tailored data and features to developers, which is expected to unlock significant new revenue opportunities [4][6] - Nokia's Network as Code platform connects multiple API ecosystems, offering standardized access to network functions while ensuring robust multi-tier API security [6][7] Group 3: Company Backgrounds - Bharti Airtel is a leading global communications solutions provider with over 600 million customers across 15 countries, ranking among the top three mobile operators globally [9][10] - Nokia is recognized as a global leader in connectivity, leveraging innovations from Nokia Bell Labs to enhance network capabilities for the AI era [8]
Crown Reserve Acquisition Corp. I Announces the Separate Trading of Its Class A Ordinary Shares, Warrants, and Rights, Commencing on or About December 9, 2025
Globenewswire· 2025-12-04 03:52
Core Points - Crown Reserve Acquisition Corp. I announced that starting on or about December 9, 2025, holders of units from the initial public offering can separately trade Class A ordinary shares, warrants, and rights included in the units [1] - The separated Class A ordinary shares, warrants, and rights are expected to trade on the Nasdaq Global Market under the symbols "CRAC," "CRACW," and "CRACR," while units not separated will continue to trade under the symbol "CRACU" [2] - A registration statement for these securities was filed with the SEC and became effective on September 26, 2025, with the offering made only by means of a prospectus [3] Company Information - The company has appointed VStock Transfer, LLC as the transfer agent for the separation of units into Class A ordinary shares, warrants, and rights [2] - Contact information for the Chief Financial Officer, Eric Sherb, is provided for inquiries related to the company [6]
Faraday Future Announces That the First Full Batch of Components for its FX Super One MPV Completed Customs Clearance and will be Delivered to the Company’s Hanford, CA Factory in Anticipation of the First Pre-Production Vehicle Off the Line in December
Globenewswire· 2025-12-04 03:15
Core Insights - Faraday Future has successfully received the first batch of knockdown parts for the FX Super One MPV, marking a significant milestone towards production readiness and delivery [1][3][6] - The arrival of these components follows a successful trial production phase, which focused on planning and verifying production processes and quality standards [3][6] - The company is also advancing its Global Automotive Industry Bridge Strategy, which encompasses supply chain sourcing, testing, and production readiness [3][5] Production and Delivery Milestones - The knockdown parts will be used to assemble pre-production FX Super One vehicles for testing and marketing activities in the U.S. [3] - The first international delivery of the FX Super One occurred on November 27, 2025, to soccer legend Andrés Iniesta in the UAE, indicating the start of product deliveries in that region [5] - The Hanford manufacturing facility is preparing for flexible production, with the potential to produce over 30,000 FX vehicles annually [8] Vehicle Features and Technology - The FX Super One is designed as an affordable mass-market MPV, featuring a spacious interior, advanced technology, and multiple powertrain options, including battery electric and AI hybrid extended range configurations [9][10] - The vehicle will incorporate the FF Super EAI F.A.C.E. system and the FF EAI Embodied Intelligence AI Agent 6x4 Architecture, representing a significant technological advancement in the automotive sector [10] Company Overview - Faraday Future aims to disrupt the automotive industry by creating a user-centric, technology-first driving experience, with a focus on luxury and innovation [12] - The company has invested approximately $300 million in its 1.1 million-square-foot manufacturing facility in Hanford, California, which is central to its production strategy [8]
Linkage Global Inc. Announces Closing of $1 Million Private Placement Financing
Globenewswire· 2025-12-04 02:25
Core Points - Linkage Global Inc has successfully closed a private investment in public equity (PIPE) financing, raising approximately US$1,000,000 by issuing 689,655 Class A Ordinary Shares at US$1.45 per share [1][3] - The net proceeds from this financing will be utilized for general corporate purposes, including working capital and the expansion of cross-border sales operations [1][3] Company Overview - Linkage Global Inc is a holding company incorporated in the Cayman Islands, operating through subsidiaries in Japan, Hong Kong, and mainland China [4] - The company specializes in cross-border e-commerce integrated services, offering two complementary lines of business: cross-border sales and integrated e-commerce services [4]
Bombardier Advances Services Expansion as Construction of Landmark Abu Dhabi Facility Accelerates
Globenewswire· 2025-12-04 02:00
Core Insights - Bombardier is making significant progress on its new service center at Al Bateen Executive Airport, set to open in the second half of 2026, enhancing its global customer service and support network in the Middle East [1][4][5] Group 1: Facility Details - The new service center will span approximately 120,000 sq. ft., featuring a 55,000 sq. ft. hangar, a dedicated parts depot, and a full suite of maintenance services [2][4] - It will accommodate Bombardier's latest aircraft, the Global 8000, as well as the entire Learjet, Challenger, and Global families [2][4] Group 2: Employment and Economic Impact - The facility is expected to create around 100 highly skilled jobs in Abu Dhabi, reinforcing Bombardier's presence in this key financial hub [2][4] Group 3: Strategic Alignment - This development aligns with Abu Dhabi Airports' broader Masterplan to enhance the airport's position as a premier hub for business aviation [5] - Bombardier's expansion in Abu Dhabi is part of a larger global strategy to strengthen its customer support footprint and deliver world-class service [5][6] Group 4: Recent Developments - In addition to the Abu Dhabi service center, Bombardier has announced a multi-phase expansion initiative in the U.S., including a new service facility in Fort Wayne, Indiana, and a state-of-the-art paint shop at its London-Biggin Hill service center [6]
Lantronix Founder Bernhard Bruscha Donates 3.0 million shares of Lantronix Common Stock to TL Stiftung (TL Foundation)
Globenewswire· 2025-12-04 02:00
Core Insights - Lantronix Inc. announced a significant donation of 3.0 million shares of its common stock by founder Bernhard Bruscha to the TL Stiftung, a charitable foundation focused on scientific research and community well-being [1][2] - Following the donation, Bruscha retains over 2.3 million shares, indicating his ongoing commitment to the company and confidence in its future [2] Company Overview - Lantronix is a leader in Edge AI and Industrial IoT solutions, providing intelligent computing, secure connectivity, and remote management for critical applications [4] - The company serves high-growth markets such as smart cities, enterprise IT, and unmanned systems, helping clients optimize operations and accelerate digital transformation [4] - Lantronix's offerings include hardware, software, and services that support applications like secure video surveillance and resilient network management [4] TL Stiftung Overview - The TL Stiftung, founded by Bruscha in 2000, focuses on long-term projects that promote scientific research, education, and the well-being of underserved communities [3][2]
Hapbee Appoints Hasan Shahid to Board of Directors to Strengthen Capital Markets & Strategic Growth Capabilities
Globenewswire· 2025-12-04 01:16
Core Insights - Hapbee Technologies, Inc. has appointed Hasan Shahid to its Board of Directors, enhancing the company's strategic capabilities as it scales its platform and partnerships [1][4] - Hasan Shahid is the Founder and Chief Investment Officer of League Capital, a hedge fund focused on technology and alternative investments, known for exceptional performance [2] - Shahid has extensive experience in digital transformation and has founded multiple ventures, including iDream Labs, which focuses on disruptive technologies [3] Company Overview - Hapbee Technologies is a digital wellness company that utilizes patented ultra-low-frequency technology to help users optimize sleep, relaxation, mood, and performance through products like the Hapbee Neckband and Sleep Pad [5] Board Changes - The appointment of Hasan Shahid is seen as a strategic move to improve capital markets readiness and institutional partnerships, while Rachid Lassal has stepped down from the Board [4]