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Bilibili Inc. Announces Pricing of Upsized Offering of US$600 Million Convertible Senior Notes
Globenewswire· 2025-05-21 13:22
Core Viewpoint - Bilibili Inc. has announced the pricing of its upsized offering of US$600 million in convertible senior notes due 2030, aimed at enhancing its content ecosystem and improving monetization efficiency [1][2]. Group 1: Notes Offering Details - The Notes Offering consists of US$600 million in aggregate principal amount, with an option for initial purchasers to buy an additional US$90 million within 30 days [1]. - The Notes will mature on June 1, 2030, and holders can convert them into Class Z ordinary shares at an initial conversion rate of 42.1747 shares per US$1,000 principal amount, representing a conversion premium of approximately 27.1% above the closing price of HK$146.00 on May 21, 2025 [3]. - The Notes will bear interest at a rate of 0.625% per year, payable semiannually starting December 1, 2025 [5]. Group 2: Use of Proceeds - The net proceeds from the Notes Offering will be used to enhance the content ecosystem, facilitate user growth, improve monetization efficiency, fund share repurchases, and for general corporate purposes [2]. - Part of the proceeds will also be allocated for a Concurrent Repurchase, allowing investors to establish initial short positions in Class Z ordinary shares [8]. Group 3: Concurrent Delta Offering - Bilibili has priced a concurrent offering of 10,281,240 Class Z ordinary shares at HK$140.10 per share, which will be borrowed from non-affiliate third parties [6]. - The Concurrent Delta Offering is designed to facilitate hedging transactions for investors subscribing to the Notes, employing a convertible arbitrage strategy [6][7]. Group 4: Redemption and Conversion Terms - The Company may redeem the Notes for cash starting June 6, 2028, if the last reported sale price of Class Z ordinary shares is at least 130% of the conversion price for 20 trading days [4]. - Holders can require the Company to repurchase their Notes for cash on June 1, 2028, or upon certain fundamental changes [4].
ScanTech AI to Attend 97th Annual AAAE Conference & Exposition
Globenewswire· 2025-05-21 13:20
Company to Showcase Advanced AI Security Screening Solutions for Aviation InfrastructureAtlanta, GA, May 21, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a leading innovator in advanced security screening technologies, today announced its scheduled participation in the 97th Annual American Association of Airport Executives (AAAE) Conference & Exposition, taking place June 8–10, 2025, in Atlanta, GA. At the event, ScanTech AI will engage with aviation lea ...
SKYX Collaborates with a $3 Billion Mix-Use Urban, Smart Home City Project in the Heart of Miami to Supply its Advanced Plug & Play Smart Home Platform Technologies for the Entire Smart City Project
Globenewswire· 2025-05-21 13:17
Core Viewpoint - SKYX Platforms Corp. has announced a collaboration on a $3 billion mixed-use smart city development in Miami's Little River District, which aims to redefine urban living through advanced smart home technologies and sustainable design [1][10]. Group 1: Project Overview - The development will cover 63 acres and include over 5,700 residential units, with a focus on workforce and affordable housing [7][6]. - It will feature 350,000 square feet of retail space, including major retailers and restaurants, alongside 1.5 million square feet of green walkways, parks, and bike paths [7][6]. - A new $35 million Tri-Rail station will be part of the project, enhancing transportation options for residents [7]. Group 2: Technology Integration - SKYX is expected to deploy over 500,000 units of its advanced plug-and-play smart home technologies, which include an AI ecosystem and various smart home products [2][3]. - The smart home platform will provide features such as Wi-Fi, emergency calling, intercom systems, and safety detectors, ensuring a safe and connected living environment [4][9]. - The integration of these technologies is designed to enhance safety, functionality, and the overall experience for residents [9]. Group 3: Financial and Developmental Aspects - The project is led by SG Holdings, a joint venture that includes prominent developers such as Swerdlow Group and SJM Partners, known for their previous successful projects [1][6]. - SKYX's technologies are expected to create long-term recurring revenue opportunities through upgrades, monitoring services, and subscriptions [5]. - The collaboration marks a significant step towards establishing a model for future smart urban living, emphasizing safety and connectivity [9].
GRI Bio to Participate in the Virtual Investor Closing Bell Series
Globenewswire· 2025-05-21 13:15
Company Overview - GRI Bio, Inc. is a clinical-stage biopharmaceutical company focused on treating inflammatory, fibrotic, and autoimmune diseases through innovative therapies targeting Natural Killer T (NKT) cells [4] - The company's lead program, GRI-0621, is an inhibitor of iNKT cell activity, being developed as a novel oral therapeutic for idiopathic pulmonary fibrosis, addressing a significant unmet medical need [4] - GRI Bio is also developing a pipeline of novel type 2 diverse NKT (dNKT) agonists for systemic lupus erythematosus and has a library of over 500 proprietary compounds to support its growing pipeline [4] Upcoming Event - Marc Hertz, PhD, CEO of GRI Bio, will participate in the Virtual Investor Closing Bell Series on May 28, 2025, at 4:00 PM ET, providing a corporate overview and business outlook [1][2] - The event will allow investors and interested parties to submit questions live, with the company aiming to answer as many as possible within the time allowed [2] Webcast Information - A live video webcast of the event will be available on the company's website, with a replay accessible for 90 days following the live event [3]
SEALSQ Unveils Quantum-Resistant Cryptography with QS7001 to Secure Bitcoin Wallets Against Quantum Threat
Globenewswire· 2025-05-21 13:15
Core Viewpoint - SEALSQ Corp has introduced its advanced post-quantum cryptographic technology, QS7001, to secure Bitcoin wallets against potential quantum computer threats, marking a significant advancement in blockchain asset security in the quantum era [3][4]. Group 1: Quantum Threat to Bitcoin - Bitcoin wallets utilize elliptic curve cryptography (ECC), specifically the secp256k1 curve, which is vulnerable to quantum attacks using Shor's algorithm, potentially compromising wallet security [4]. - The advancement of quantum computing poses a significant risk to the integrity of decentralized finance, necessitating robust security measures [4]. Group 2: SEALSQ's Quantum-Resistant Solution - SEALSQ's PQC technology is based on NIST-standardized algorithms CRYSTALS-Kyber and CRYSTALS-Dilithium, designed to withstand quantum attacks and ensure forward secrecy and unforgeable signatures [5]. - The QS7001 secure element integrates these algorithms, providing hardware-backed security optimized for resource-constrained environments like hardware wallets and IoT devices [6][7]. Group 3: Migration Framework for Developers - SEALSQ offers a migration framework for Bitcoin wallet developers, emphasizing the importance of post-quantum cryptography for future-proofing blockchain security [8]. - The company highlights the necessity of trusted roots in cryptography to ensure security against quantum threats, positioning itself as a leader in semiconductor-driven cybersecurity [8]. Group 4: About SEALSQ - SEALSQ is a pioneer in developing post-quantum technology solutions, integrating semiconductors and public key infrastructure to address security challenges posed by quantum computing [9][10]. - The company aims to provide robust protection for sensitive data across various applications, ensuring organizations remain secure against quantum threats [10].
Alumis Completes Merger with ACELYRIN
Globenewswire· 2025-05-21 13:10
Company Overview - Alumis Inc. has completed its merger with ACELYRIN, Inc., establishing itself as a leading clinical-stage biopharma company with a differentiated portfolio of therapies and a strong balance sheet [1][3] - Each ACELYRIN stockholder will receive 0.4814 shares of Alumis common stock for each share of ACELYRIN common stock owned, with ACELYRIN common stock ceasing to trade on NASDAQ [2] Financial Position - The merger significantly strengthens Alumis' balance sheet, allowing for the advancement of its late-stage portfolio and the development of transformative therapies for patients [3] - Alumis now has a cash runway that extends into 2027, supporting multiple planned key data readouts [3] Product Pipeline - Alumis is developing next-generation targeted therapies for immune-mediated diseases, including oral tyrosine kinase 2 inhibitors such as ESK-001 for systemic immune-mediated disorders and A-005 for neuroinflammatory diseases [5] - The pipeline also includes lonigutamab, an anti–insulin-like growth factor 1 receptor therapy for thyroid eye disease, along with several preclinical programs identified through a precision approach [5] Advisory Team - Morgan Stanley & Co. LLC served as the financial advisor to Alumis, while Cooley LLP acted as its legal counsel [4] - Guggenheim Securities, LLC served as the financial advisor to ACELYRIN, with Fenwick & West LLP and Paul Hastings LLP providing legal counsel [4]
American Rebel CEO Andy Ross to Rock Coca-Cola 600 Weekend with Multiple High-Energy Concerts
Globenewswire· 2025-05-21 13:10
American Rebel Holdings, Inc. Andy Ross Live Concert Three Days of Music, Racing, Patriotism and American Rebel Light Beer – Andy Ross will Perform for Thousands at Charlotte Motor Speedway’s THOR Camper Appreciation Party, Iron Thunder Saloon/Speedway Harley-Davidson, and BetMGM Speed Street Stage Nashville, TN, May 21, 2025 (GLOBE NEWSWIRE) -- American Rebel Holdings, Inc. (NASDAQ: AREB) ("American Rebel" or the "Company"), creator of American Rebel Light Beer (americanrebelbeer.com) and a designer, m ...
Altus Group Releases Q1 2025 U.S. Investment & Transactions Quarterly Report
Globenewswire· 2025-05-21 13:07
Comprehensive overview of national transaction activity by volume, price, size, and sector U.S. commercial real estate transactions remained muted in Q1 2025 NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of commercial real estate (“CRE”) intelligence, today released its CRE Investment & Transactions Quarterly Report, covering U.S. transaction activity for Q1 2025. In Q1 2025, the U.S. commercial real estate market recorded $69.3 billion in dol ...
Northrop Grumman to Participate in Bernstein's 41st Annual Strategic Decisions Conference
GlobeNewswire News Room· 2025-05-21 13:01
Core Viewpoint - Northrop Grumman Corporation will participate in Bernstein's 41st Annual Strategic Decisions Conference on May 28, 2025, with CEO Kathy Warden presenting [1] Group 1: Company Overview - Northrop Grumman is a leading global aerospace and defense technology company, providing pioneering solutions that enable customers to connect and protect the world [2] - The company is driven by a shared purpose to solve customers' toughest problems, with employees consistently pushing the boundaries of human exploration [2] Group 2: Conference Details - The presentation by Kathy Warden will begin at 10:00 a.m. Eastern time and will be available via live webcast [1] - The conference may include forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties [3]
Cloudastructure Expands into Construction Market with Initial Sales of Mobile Surveillance Trailer Alpha™
Globenewswire· 2025-05-21 13:00
With installations often spread across rural and isolated areas, rapid response is a critical requirement. Chief Revenue Officer Lauren OBrien noted, "Construction companies demand agility, real-time responsiveness, and scalable oversight. We're proud to provide that—especially in industries where theft and vandalism can lead to costly delays and significant project overruns." The Rising Cost of Construction Theft Construction site theft is a growing national concern, with annual losses estimated between $3 ...