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Sutro Biopharma Announces 1-for-10 Reverse Stock Split
Globenewswire· 2025-12-01 13:00
Core Points - Sutro Biopharma, Inc. has announced a reverse stock split of its common stock at a ratio of 1-for-10, effective December 3, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share [1][2] Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of outstanding shares from approximately 85,193,912 to about 8,519,392 [2] - Proportionate adjustments will be made to the exercise prices and number of shares underlying the Company's outstanding equity awards and incentive plans [2] - No fractional shares will be issued; stockholders entitled to fractional shares will receive shares rounded up to the nearest whole share [3] Group 2: Company Overview - Sutro Biopharma is focused on developing next-generation antibody-drug conjugates (ADCs) aimed at improving cancer treatment [4] - The Company utilizes a cell-free platform to produce ADCs that enhance drug exposure, minimize side effects, and target a broader range of tumor types [4] - Sutro's pipeline includes single- and dual-payload ADCs targeting large oncology markets with significant unmet needs [4]
Rezolve Ai Defines the Future of Commerce with Acquisition of Crownpeak
Globenewswire· 2025-12-01 13:00
Core Insights - Rezolve Ai has announced the acquisition of Crownpeak, expected to close within 24 to 48 hours, enhancing its position in the AI economy [1][2] - The integration aims to create a powerful combination of Crownpeak's digital experience platform with Rezolve's Brain Suite, targeting various sectors including Retail, Fashion, and Financial Services [3][6] Financial Overview - The acquisition is valued at approximately $90 million, consisting of $50 million in cash and $33.9 million in equity, while assuming around $150 million in debt [8] - Crownpeak is projected to generate about $70 million in revenue for the current year and is expected to be immediately EBITDA-accretive [7][8] Strategic Implications - This acquisition is part of Rezolve's strategy to consolidate traditional search and discovery platforms, enhancing them with AI capabilities to drive frictionless transactions [5][10] - The deal is anticipated to strengthen Rezolve's recurring revenue base and operational footprint across the US, UK, and EMEA regions [9][11] Product and Technology Integration - The integration of Crownpeak will enable Rezolve to offer advanced AI-driven solutions, including automated sales and intelligent checkout experiences [9][12] - Rezolve's proprietary AI, brainpowa LLM, will be deployed within existing digital infrastructures of enterprise clients, enhancing their operational capabilities [9][12] Market Positioning - The acquisition positions Rezolve as a leader in agentic commerce, combining content, conversation, and conversion in a single AI-driven platform [10][12] - Rezolve aims to capitalize on the growing demand for AI-driven transformation in digital experiences, filling gaps left by legacy digital experience platforms [10][15]
Catheter Precision Announces Launch of LockeT in Switzerland
Globenewswire· 2025-12-01 13:00
Fort Mill, SC, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Catheter Precision, Inc. (VTAK - NYSE/American), a US based medical device company focused on developing technologically advanced products for the cardiac electrophysiology market today announced the successful launch of its LockeT suture retention device in Switzerland. The first clinical cases were performed at Spitalzentrum Biel, led by PD Dr. Rainer Zbinden, with excellent procedural outcomes and positive feedback from both the clinical and nursing teams. ...
Lelantos Holdings Announces Expansion Into New Resource-Focused Market Verticals
Globenewswire· 2025-12-01 13:00
TUCSON, Ariz., Dec. 01, 2025 (GLOBE NEWSWIRE) -- via IBN — Lelantos Holdings, Inc. (OTCID: LNTO) (“Lelantos” or the “Company”), a diversified holdings company, today announced plans to expand its business activities into several new market verticals that complement its existing operations and support the company’s long-term growth strategy. Lelantos is currently pursuing opportunities in: Mineral MiningAggregate MiningSilica Production These sectors align with the company’s operational strengths and are exp ...
Fusemachines and RentRedi Enter Strategic Partnership to Integrate AI Studio for Real Estate, Setting the Stage for the Next Era of AI in Property Management
Globenewswire· 2025-12-01 13:00
Core Insights - The partnership between Fusemachines and RentRedi aims to enhance AI-powered solutions for property management, focusing on long-term AI innovation to support independent landlords in the U.S. rental market [1][3][5] Company Overview - Fusemachines, founded in 2013, is a global provider of enterprise AI products and services, with a mission to democratize AI and assist organizations in their AI transformation journeys [6][7] - RentRedi, established in 2016, is a leading rental management software provider, recognized for its comprehensive, data-driven solutions that optimize rental processes for landlords and tenants [8][10] AI Integration and Development - The integration of AI Studio for Real Estate with RentRedi's platform will enable the development of new AI workflows, enhancing property management capabilities for landlords [2][3][4] - The AI Studio for Real Estate includes a suite of AI engines designed for real estate applications, facilitating multi-agent orchestration, document intelligence, and data science pipelines [2] Strategic Goals - Both companies are committed to exploring transformative AI opportunities in property management, aiming to create practical AI features that improve operational efficiency for landlords [3][5] - The collaboration is expected to accelerate innovation in AI-powered features, enhancing the overall experience for independent landlords and their tenants [4][5]
American Rebel Holdings, Inc. (NASDAQ: AREB) Adds C & C Distributors to Advance American Rebel Light Beer’s Distribution-First Growth Strategy in Arkansas
Globenewswire· 2025-12-01 13:00
American Rebel Holdings Inc American Rebel Light Family-owned Anheuser-Busch wholesaler extends American Rebel Light’s patriotic footprint across northeast Arkansas with deep local relationships, high-volume channel access, and a 30+ year track record of brand building NASHVILLE, Tenn., Dec. 01, 2025 (GLOBE NEWSWIRE) -- American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), America’s Patriotic Brand and maker of American Rebel Light Beer—America’s Patriotic, God-Fearing, Const ...
ARKO Corp. Appoints Galagher Jeff as Chief Financial Officer
Globenewswire· 2025-12-01 13:00
Core Insights - ARKO Corp. has appointed Galagher Jeff as the new Executive Vice President and Chief Financial Officer, effective December 1, 2025, to support its growth and transformation plans [1][3]. Company Overview - ARKO Corp. is a Fortune 500 company and one of the largest convenience store operators and fuel wholesalers in the United States, owning 100% of GPM Investments, LLC [4]. - The company operates in four reportable segments: retail, wholesale, fleet fueling, and GPM Petroleum, providing a range of products including prepared foods, beverages, and fuel [4]. Leadership Background - Galagher Jeff has a distinguished career as a CFO and finance executive, previously serving as CFO for Murphy USA, Inc., and holding senior finance roles at major retailers such as Dollar Tree, Advance Auto Parts, and Walmart [2][3]. - Jeff holds a Bachelor of Science in Electrical Engineering and two Master's degrees in Engineering and Business Administration from reputable institutions [2]. Strategic Vision - The appointment of Jeff is expected to enhance ARKO's leadership team as the company continues its multi-year transformation plan and focuses on organic growth initiatives [3]. - Jeff expressed optimism about the opportunities for ARKO as it executes its transformation plan and channel optimization work [3].
Fancamp Announces Spin-Out of Mineral Exploration Assets and Creation of Goldera Exploration
Globenewswire· 2025-12-01 13:00
VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) is pleased to announce that its Board of Directors (the “Fancamp Board”) has unanimously approved a strategic reorganization of its business (the “Spin Out”). Pursuant to the Spin Out, all of Fancamp’s core Exploration Assets (as defined below) will be spun out to Fancamp shareholders through a newly incorporated company, Goldera Exploration Ltd. (“Goldera”). S ...
BLAQclouds Unveils ApolloCASH — A Breakthrough Settlement Protocol Connecting Global Cash Apps to Web3 Liquidity
Globenewswire· 2025-12-01 13:00
ROBESONIA, Pa., Dec. 01, 2025 (GLOBE NEWSWIRE) -- BLAQclouds, Inc. (OTC: BCDS), a leading Web3 infrastructure company, today announced the official launch of ApolloCASH, a revolutionary zero-knowledge settlement protocol designed to connect global cash payment platforms with blockchain-based liquidity. ApolloCASH introduces a new financial standard built on its core architecture: Autonomous Protocol for One-Time Liquidity & Ledger Operations using CASH Rails ApolloCASH enables users across the world to ins ...
Philips expands commercial availability of world’s first real-time AI-enabled light-based 3D navigation solution for image-guided therapy
Globenewswire· 2025-12-01 13:00
Philips LumiGuide 3D device guidance in use Philips LumiGuide 3D device guidance in use December 1, 2025 Commercial availability expanded across Europe and the United StatesReal-time AI-enabled 3D device visualization powered by light instead of X-ray, improving navigation in complex endovascular proceduresLumiGuide seamlessly integrates with Azurion, Philips’ proven, world-leading image-guided therapy platform designed to drive procedural innovation across clinical domains Amsterdam, the Netherlands an ...