ConnectM Delivers on Turnaround Plan: Back to OTCQB and Aiming for National Exchange Uplisting
Globenewswire· 2025-12-01 13:45
Core Insights - ConnectM Technology Solutions, Inc. has successfully transitioned from the Expert Market to OTCQB, restored its SEC reporting status, and is experiencing revenue growth while developing its Keen Labs platform in the battery and energy storage sectors [1][2][5]. Group 1: Company Progress - The company has executed its plan post-Nasdaq delisting, focusing on current SEC filings, uplisting to OTCQB, revenue growth, and debt reduction [2][4]. - Management has reported double-digit year-over-year revenue growth in each quarter since the Nasdaq delisting, achieving approximately 60% year-to-date revenue growth through Q3 2025 [5][6]. - ConnectM has retired over $10 million in debt and derivative liabilities in 2025, moving from a stockholders' deficit of approximately $50 million to an estimated positive stockholders' equity of around $0.75 million [8]. Group 2: Strategic Developments - The company launched Keen Labs, focusing on AI, industrial IoT, battery systems, and distributed energy platforms, and has made strategic acquisitions to enhance its technology offerings [8][9]. - Acquisitions include Amperics for hybrid battery technology, Geo Impex for an AI-driven data center site, and Air Temp Service Co. and Cambridge Energy Resources Ltd. to expand HVAC services [8]. - A joint venture, StarConnectM LLP, was formed with Star Engineers in India to develop AI-powered connected vehicle platforms [8]. Group 3: Future Outlook - Near- and medium-term priorities include scaling revenue and margins, continuing to reduce liabilities, integrating recent acquisitions, and pursuing targeted M&A in electrification and AI-driven energy infrastructure [9]. - The company is working with ThinkEquity LLC to refine its capital markets strategy and prepare for a potential uplisting to a major U.S. exchange [9].
Yorkville Acquisition Corp. “MCGA” Announces CEO and CFO Appointments for Trump Media Group CRO Strategy
Globenewswire· 2025-12-01 13:45
Core Insights - Yorkville Acquisition Corp. has appointed Steve Gutterman as CEO and Sim Salzman as CFO in connection with the closing of a business combination, which will establish a digital asset treasury company focused on the cryptocurrency token of the Cronos ecosystem (CRO) [1][2] Company Overview - Yorkville Acquisition Corp. is a special purpose acquisition company (SPAC) aiming to merge with established businesses for growth opportunities [8] - Trump Media Group CRO Strategy is focused on strategically investing in digital asset ecosystems and managing CRO [7] Leadership Experience - Steve Gutterman has extensive experience in leading high-growth businesses, overseeing over 40 acquisitions and raising more than $2 billion in capital [2][3] - Sim Salzman has 20 years of finance and accounting experience, with a strong background in high-stakes transactions and digital asset strategy [3] Strategic Vision - The leadership team aims to unlock significant value for shareholders through the aggregation of CRO and effective management of digital assets [2][3] - The business combination is seen as a defining moment for cryptocurrencies and digital asset treasuries, positioning Yorkville Acquisition Corp. uniquely in the market [3] Upcoming Developments - The transition of Gutterman and Salzman into their roles is expected to occur with the closing of the business combination, anticipated in the first quarter of 2026 [4]
Indberetningspligtiges transaktioner med Djurslands Bank A/S
Globenewswire· 2025-12-01 13:41
Fondsbørsmeddelelse 63/2025Djurslands Bank A/S indberetter hermed på vegne af bankens indberetningspligtige transaktioner med Djurslands Bank A/S-aktier i henhold til Markedsmisbrugsforordningens artikel 19. For yderligere detaljer henvises til vedhæftede skema, hvori transaktioner udført af person med ledelsesansvar og person med nær tilknytning til dem skal indberettes og offentliggøres. Venlig hilsenDjurslands Bank Sigurd Bohlbro SimmelsgaardAdm. bankdirektør Attachments 63.2025 Indberetning Sigurd S ...
SciSparc Plans on Entering the Multi-Billion-Dollar GERD Device Market with Acquisition of an Approved IP Portfolio
Globenewswire· 2025-12-01 13:32
Core Insights - SciSparc Ltd. has signed a binding term sheet to acquire patents, trademarks, and intellectual property rights for innovative endoscopic systems, including the MUSE™ system, from Xylo Technologies Ltd. [1][4] Company Overview - SciSparc operates through its majority-owned subsidiary NeuroThera Labs Inc., focusing on clinical-stage pharmaceutical developments, particularly in cannabinoid pharmaceuticals [7]. Product Details - The MUSE™ system is a single-use endoscopic device designed for transoral fundoplication, a minimally invasive procedure for treating gastroesophageal reflux disease (GERD) [2]. Market Strategy - Following Xylo's successful commercialization in Greater China, SciSparc aims to replicate this model in high-growth regions like North America, Europe, and Latin America by forming exclusive partnerships with regional distributors [3]. Financial Terms of Acquisition - The acquisition will involve SciSparc issuing shares to Xylo, representing 19.99% of the company's issued and outstanding share capital upon closing of definitive agreements [4]. Market Potential - The global GERD device market was valued at approximately $2.5 billion in 2024 and is projected to grow to $3.03 billion by 2030, with a compound annual growth rate (CAGR) of 3.24% from 2025 to 2030 [5].
LENZ Therapeutics Announces MFDS Submission of New Drug Application for LNZ100 (VIZZ™) in South Korea for the Treatment of Presbyopia
Globenewswire· 2025-12-01 13:30
Core Insights - Lotus Pharmaceutical has submitted a New Drug Application (NDA) for VIZZ in South Korea, marking the second regulatory submission for the drug outside the U.S. [1] - The NDA submission is backed by positive results from three Phase 3 studies in the U.S., demonstrating VIZZ's effectiveness in improving near vision [2] - Under the licensing agreement, LENZ Therapeutics stands to receive up to $125 million in milestone payments and royalties from future sales of VIZZ [3] Company Overview - LENZ Therapeutics is focused on the commercialization of VIZZ, the first FDA-approved aceclidine-based eye drop for presbyopia, which affects approximately 1.8 billion people globally [10] - Lotus Pharmaceutical, founded in 1966, is an international pharmaceutical company with a strong R&D and manufacturing platform, certified by major regulatory authorities [11] Product Information - VIZZ (aceclidine ophthalmic solution) 1.44% is designed to restore clear near vision for up to 10 hours and is preservative-free [6] - The drug is indicated for the treatment of age-related blurry near vision (presbyopia) in adults [7] Market Context - Presbyopia affects nearly all individuals over the age of 45, with significant implications for daily activities and quality of life [5] - The NDA submission in South Korea is part of a broader strategy to expand VIZZ's market presence in Southeast Asia, including countries like Thailand, Vietnam, and Malaysia [3]
Pliant Therapeutics to Participate in the Piper Sandler Healthcare Conference
Globenewswire· 2025-12-01 13:30
SOUTH SAN FRANCISCO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Pliant Therapeutics, Inc. (Nasdaq: PLRX), a clinical-stage biotechnology company focused on the discovery and development of integrin-based therapeutics, today announced its participation in the Piper Sandler 37th Annual Healthcare Conference to be held December 2 – 4, 2025.Bernard Coulie, M.D., Ph.D., President and Chief Executive Officer, Keith Cummings, M.D., Chief Financial Officer and Éric Lefebvre, M.D., Chief Medical Officer, will participate in ...
Biodexa Announces Enrolment of First European Patients into Pivotal Phase 3 Serenta Trial in FAP
Globenewswire· 2025-12-01 13:30
December 1, 2025 Biodexa Announces Enrolment of First European Patients into Pivotal Phase 3 Serenta Trial in FAP Biodexa Pharmaceuticals PLC (“Biodexa” or “the Company”), (Nasdaq: BDRX), a clinical stage biopharmaceutical company developing a pipeline of innovative products for the treatment of diseases with unmet medical needs, is pleased to announce the enrolment of the first three patients by the University of Bonn, Germany into its pivotal Phase 3 Serenta trial of eRapa in patients with familial adenom ...
RenovoRx CEO Shaun Bagai to Present at iAccess Alpha Virtual Best Ideas Winter Investment Conference 2025 on December 9th
Globenewswire· 2025-12-01 13:30
Core Viewpoint - RenovoRx, Inc. is actively commercializing its innovative targeted oncology therapies, particularly focusing on the RenovoCath device, which has shown growing clinical demand and market traction [1][2][6] Group 1: Company Updates - CEO Shaun Bagai will present at the iAccess Alpha Virtual Best Ideas Winter Investment Conference on December 9, 2025, to discuss the company's commercial efforts and market traction [1][4] - Year-to-date revenue for RenovoRx reached approximately $900,000 by the end of September 30, 2025, indicating progress in its commercialization efforts [2][7] - The company has received its first commercial purchase orders for RenovoCath devices and has seen repeat orders from several customers, including high-volume National Cancer Institute-designated centers [7] Group 2: Clinical Research and Development - The ongoing Phase III TIGeR-PaC clinical trial is evaluating intra-arterial gemcitabine delivered via RenovoCath in patients with locally advanced pancreatic cancer [3][8] - RenovoRx is also conducting a post-marketing registry study to capture real-world data on the safety and effectiveness of RenovoCath in patients with solid tumors [3] - The company supports investigator-initiated trials in borderline resectable and oligometastatic pancreatic cancer, which may broaden the application of its TAMP™ therapy platform [3][6] Group 3: Product Information - RenovoCath is an FDA-cleared drug-delivery device designed for targeted therapeutic delivery, aiming to minimize toxicities compared to systemic intravenous therapy [5][6] - The device is indicated for temporary vessel occlusion and the delivery of fluids, including therapeutic agents, to specific sites in the peripheral vascular system [5][9] - RenovoCath with gemcitabine has received Orphan Drug Designation for pancreatic cancer and bile duct cancer, providing seven years of market exclusivity upon FDA approval [10]
CytoDyn Announces Resolution of Class Action Lawsuit
Globenewswire· 2025-12-01 13:30
VANCOUVER, Washington, Dec. 01, 2025 (GLOBE NEWSWIRE) -- CytoDyn Inc. (OTCQB: CYDY) ("CytoDyn" or the "Company"), a clinical-stage oncology company advancing leronlimab, a first-in-class humanized monoclonal antibody targeting the CCR5 receptor with therapeutic potential across multiple indications, including metastatic triple-negative breast cancer (mTNBC) and colorectal cancer (mCRC), today announced that it has reached an agreement in principle to resolve the previously disclosed securities class action ...
Fitell Corporation Announces $3 Million Share Repurchase Program
Globenewswire· 2025-12-01 13:30
Core Viewpoint - Fitell Corporation has announced a share repurchase program to buy back up to $3 million of its ordinary shares over the next 24 months, aimed at enhancing shareholder value and strengthening community support [1][2][3]. Share Repurchase Program - The Board has approved a share repurchase program for up to $3 million of outstanding Class A ordinary shares over the next 24 months [2]. - The program allows for repurchases through open market purchases, block trades, or other means, with the actual timing and volume at management's discretion [7]. Company Overview - Fitell Corporation, through its subsidiary GD Wellness Pty Ltd, is an online retailer of gym and fitness equipment in Australia, serving over 100,000 customers [5]. - The company offers products under three proprietary brands: Muscle Motion, Rapid Motion, and FleetX, with over 2,000 stock-keeping units (SKUs) [5]. Strategic Goals - The company is focused on its near-term strategic goals, including e-commerce operations, AI-driven robotics development, and digital asset treasury management [3].