Federal Signal Corporation Announces Board Chair Transition
Prnewswire· 2025-04-24 17:20
DOWNERS GROVE, Ill., April 24, 2025 /PRNewswire/ -- Federal Signal Corporation (NYSE:FSS) (the "Company") today announced that Brenda L. Reichelderfer succeeded Dennis J. Martin as Chair of the Company's Board of Directors (the "Board") effective April 22, 2025. Mr. Martin has been a member of the Board since March 2008, serving as Chair of the Board since January 2017. Mr. Martin previously served as Executive Chair from January 2016 to January 2017 and as the Company's President and Chief Executive Office ...
JCP&L's EnergizeNJ Infrastructure Upgrade Program Approved by New Jersey Board of Public Utilities
Prnewswire· 2025-04-24 17:00
Core Points - JCP&L will invest over $202.5 million to upgrade its electric distribution grid, starting July 1, with a focus on automation and remote control devices [1] - The EnergizeNJ program will see JCP&L invest an additional $132 million in matching projects, including $18 million for coastal substations and $9 million for mobile substations [2] - The total bill impact for a typical residential customer will be $0.86 per month, or 0.6%, with potential federal funding to offset costs [3] - EnergizeNJ is part of a larger $28 billion grid evolution program, Energize365, aimed at enhancing reliability and accommodating future energy demands [4] - JCP&L serves 1.1 million customers across multiple counties in New Jersey [5] - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over six million customers across several states [6] Investment Initiatives - A Grid Modernization initiative will invest over $20.4 million to replace solid fuses with TripSaver II devices for improved line re-energization [8] - A System Resiliency program will allocate more than $128.9 million to optimize circuits and install remotely controlled circuit ties for enhanced reliability [8] - Substation Modernization programs will upgrade protection relays and install modern devices for better data on substation equipment [8]
Texas Ventures Acquisition III Corp Completes $225 Million Initial Public Offering
GlobeNewswire· 2025-04-24 16:50
Core Viewpoint - Texas Ventures Acquisition III Corp successfully closed its initial public offering (IPO) of 22,500,000 units, generating gross proceeds of $225,000,000 at a price of $10.00 per unit [1][2]. Group 1: IPO Details - The IPO included 2,500,000 units from the underwriters' over-allotment option [1]. - The units began trading on April 23, 2025, on the Nasdaq under the ticker symbol "TVACU" [2]. - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at an exercise price of $11.50 [2]. Group 2: Proceeds and Trust - A total of $226,125,000 (or $10.05 per unit sold) from the IPO proceeds was placed in trust [3]. Group 3: Company Purpose and Focus - The Company is a blank check company aimed at merging or acquiring businesses across various industries, with a primary focus on industrial technology [4]. - Target sectors include advanced technologies such as software, mobile and IoT applications, digital and energy transition, logistics, and high bandwidth services like LTE and 5G communications [4]. - The Company seeks targets that offer significant value propositions, including cost reductions, substantial ROI, decreased carbon footprints, and improved safety and compliance [4]. Group 4: Management Team - The management team is led by E. Scott Crist (CEO and Chairman) and R. Greg Smith (CFO), with additional board members including Andrew Clark, Harvin Moore, and Aruna Viswanathan [5]. - Cohen & Company Capital Markets acted as the lead book-running manager, while Clear Street LLC served as the joint book-runner for the offering [5].
Aemetis India Begins Biodiesel Shipments to Oil Marketing Companies under $31 Million Allocation For the Next Three Months
Newsfilter· 2025-04-24 16:46
CUPERTINO, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ:AMTX), a diversified global renewable natural gas and biofuels company, announced the Company's subsidiary in India, Universal Biofuels, today began shipments to fulfill multiple orders for more than 33,000 kiloliters of biodiesel from the government-owned Oil Marketing Companies (OMCs) for an aggregate of $31 million for delivery during May, June, and July. Additional OMC orders are expected throughout the year to continue shipmen ...
Waratek announces Rimini Street as sole Pinnacle Partner
Prnewswire· 2025-04-24 16:36
Core Insights - Waratek has named Rimini Street as its exclusive Pinnacle Partner, recognizing its premier global capability in the third-party support market [1][3] - Rimini Street has been instrumental in shaping innovation at Waratek over the past seven years, leveraging its extensive experience in implementing and supporting Waratek's solutions [3][5] - The partnership allows Rimini Street to provide unique protection for Java SE 5-based applications, which are still in use despite vendor support having ended a decade ago [3] Company Overview - Waratek, based in Dublin, Ireland, specializes in active security platforms that secure business-critical applications by fixing vulnerabilities in real-time [7] - Rimini Street, a Nasdaq-listed company, is a leading provider of end-to-end enterprise software support and innovation solutions, particularly known for its third-party support for Oracle, SAP, and VMware software [8] - Rimini Street has signed thousands of contracts with major organizations, achieving significant operational savings and enabling investments in AI and other innovations [8] Partnership Dynamics - As the Pinnacle Partner, Rimini Street has developed exclusive expertise in creating custom rules for the Waratek engine, unmatched by any other company [2][4] - Rimini Street's team of over 75 security professionals provides continuous support and innovation, ensuring a seamless user experience for clients [5] - Customer feedback plays a crucial role in driving continuous innovation and enhancing the security of enterprise software [6]
Atos completes reverse stock split
GlobeNewswire· 2025-04-24 16:30
Core Points - Atos SE has completed a reverse stock split as decided by its Board of Directors on March 6, 2025, following a delegation of powers by the shareholders' General Meeting on January 31, 2025 [1][2][3] Summary by Sections Reverse Stock Split Details - The reverse stock split is a technical exchange transaction that does not affect the total value of shares held by shareholders [2] - The exchange ratio is 10,000 old shares with a par value of €0.0001 for 1 new share with a par value of €1 [9] - The total number of old shares subject to the reverse stock split was 190,358,728,519, resulting in 19,035,872 new shares [9] Shareholder Actions - Shareholders holding multiples of 10,000 shares do not need to take any action as their shares were automatically consolidated [4] - Shareholders with fractional rights will be compensated by their financial intermediaries within 30 days of April 24, 2025 [5] Adjustments Related to Warrants - The exercise parity of the share subscription warrants issued on December 18, 2024, has been adjusted in accordance with the reverse stock split [6][7] - The new exercise parity corresponds to the product of the previous exercise parity and the ratio of new shares to old shares, resulting in a maximum of 1,107,589 new ordinary shares available upon exercise [7] Adjustments for Free Share Allocations - The rights of beneficiaries of free share allocations have been adjusted to reflect the reverse stock split, with the number of rights allocated being rounded down to the nearest whole number if necessary [10][11] Trading and Timetable - The new shares began trading on Euronext Paris on April 24, 2025, under ISIN code FR001400X2S4 [9][12] - The compensation period for shareholders with fractional rights runs from April 24 to May 25, 2025 [12] Company Overview - Atos is a global leader in digital transformation with approximately 74,000 employees and annual revenue of around €10 billion [13] - The company specializes in cybersecurity, cloud, and high-performance computing, providing tailored solutions across 68 countries [13]
Landmark Bancorp, Inc. Announces Conference Call to Discuss First Quarter 2025 Earnings
GlobeNewswire· 2025-04-24 16:30
Manhattan, KS, April 24, 2025 (GLOBE NEWSWIRE) -- Landmark Bancorp, Inc. (Nasdaq: LARK) announced that it will release earnings for the first quarter of 2025 after the market closes on Wednesday, April 30, 2025. The Company will host a conference call to discuss these results on Thursday, May 1, 2025 at 9:30 am (CT). Investors may listen to the Company’s earnings call via telephone by dialing (833) 470-1428 and using access code 866149. Investors are encouraged to call the dial-in number at least 5 minutes ...
WENDEL: Q1 2025 Trading update
GlobeNewswire· 2025-04-24 16:30
Core Insights - Wendel's fully diluted Net Asset Value (NAV) per share as of March 31, 2025, is €176.7, reflecting a decrease of 4.8% since the beginning of the year due to market volatility and changes in valuation multiples [5][9][8] - The company has successfully raised €3.4 billion in Q1 2025, contributing to a total of €34 billion in assets under management (AUM) following the acquisition of Monroe Capital [20][6][19] - A proposed dividend of €4.70 per share represents a 17.5% increase, demonstrating the company's strong financial structure and commitment to maintaining an investment-grade rating [3][4] Financial Performance - Wendel's principal investments showed positive total sales growth in Q1 2025, with the exception of Scalian, which reported a decline of 6.3% [10][38] - Bureau Veritas, a key investment, achieved revenue of €1,558.7 million in Q1 2025, marking an 8.3% increase compared to the same period in 2024 [24][25] - IK Partners reported a 33% increase in revenues for Q1 2025, contributing to the overall positive performance of Wendel's asset management activities [21][22] Strategic Developments - The acquisition of Monroe Capital has positioned Wendel as a significant player in third-party asset management, enhancing its value creation profile [6][19] - A successful forward sale of 6.7% of Bureau Veritas' share capital generated net proceeds of €750 million, improving Wendel's loan-to-value (LTV) ratio to 17.2% [17][7] - Wendel's strategic roadmap aims to reach €150 million in pre-tax fee-related earnings (FRE) by 2027, with current projections indicating €100 million in 2025 [20][19] Market Conditions - The market environment in Q1 2025 was characterized by increased uncertainty due to geopolitical and trade tensions, impacting organic growth across various sectors [33][43] - Currency fluctuations and market multiples have negatively affected the valuation of unlisted assets, contributing to a decline in NAV [11][5] - Despite challenges, Bureau Veritas maintains a robust outlook, expecting mid-to-high single-digit organic revenue growth for the full year 2025 [30][28]
Duke Energy and GE Vernova announce significant arrangement for gas turbines and associated equipment
Prnewswire· 2025-04-24 16:29
Innovative partnership provides clear path for Duke Energy to procure up to 11 American-produced GE Vernova natural gas turbines Partnership ensures Duke Energy will meet its customers' growing and evolving energy needs driven by economic development and AI growth CHARLOTTE, N.C. and CAMBRIDGE, Mass., April 24, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) and GE Vernova (NYSE: GEV) announce a significant partnership for natural gas turbines and other associated equipment to meet the growing needs of advan ...
Lectra: Q1 2025 financial report available
GlobeNewswire· 2025-04-24 16:16
Q1 2025 financial report available Paris, April 24, 2025 – Lectra informs its shareholders, in compliance with Article 221-4-IV of the General Regulation of the Autorité des marchés financiers, that the Management Discussion and Analysis of Financial Condition and Results of Operations for the first quarter 2025 is available on the company's website: www.lectra.com It is also available, upon request, by email: investor.relations@lectra.com . About Lectra : At the forefront of innovation since its foun ...