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Critical Metals Corp Provides an Update on the Wolfsberg Lithium Project
Globenewswire· 2025-11-25 21:05
Core Viewpoint - The Federal Administrative Court of Austria has overturned a previous decision by the Carinthian state government regarding the environmental impact assessment (EIA) requirement for the Koralpe Lithium Mining project, indicating that the project must be reassessed without the 10-hectare threshold due to incompatibility with EU law [1][5]. Group 1: Legal and Regulatory Developments - The Federal Administrative Court accepted the argument that the Koralpe Lithium Mining project does not exceed the 10-hectare threshold for EIA under Austrian law, but mandated a case-by-case review for potential significant environmental impacts [2][3]. - The court has granted leave to appeal its decision to the Administrative Court of Justice, highlighting the lack of existing case law on the compatibility of Austrian regulations with European requirements [4]. Group 2: Company Overview and Strategic Position - Critical Metals Corp. is a leading mining development company focused on critical metals and minerals, essential for electrification and next-generation technologies in Europe [6][8]. - The company's flagship project, Tanbreez, is one of the largest rare earth deposits globally, located in Southern Greenland, with year-round shipping access [6]. - The Wolfsberg Lithium Project, located in Carinthia, Austria, is the first fully permitted lithium mine in Europe, strategically positioned to become a major producer of lithium products for the European market [7].
Workhorse Shareholders Approve Merger with Motiv Electric Trucks
Globenewswire· 2025-11-25 21:05
Core Viewpoint - Workhorse Group, Inc. has received shareholder approval for its merger with Motiv Electric Trucks, marking a significant step towards creating a leader in the medium-duty electric vehicle market [1][2]. Company Overview - Workhorse Group, Inc. is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the U.S. for last-mile delivery and medium-duty operations [3]. Merger Details - The merger with Motiv is expected to close in the coming weeks, pending customary closing conditions, including new debt financing and Nasdaq approval [2]. - The merger aims to combine two innovators in the medium-duty electric vehicle space, enhancing service to a blue-chip customer base [2]. Future Outlook - The CEO of Workhorse expressed optimism about the merger, highlighting the potential benefits for shareholders from the combined company's growth [2].
Ambarella, Inc. Announces Third Quarter Fiscal Year 2026 Financial Results
Globenewswire· 2025-11-25 21:05
Core Insights - Ambarella, Inc. reported record quarterly revenue of $108.5 million for Q3 FY2026, representing a 31.2% increase from $82.7 million in the same period of FY2025 [4][6] - The company anticipates revenue growth guidance for FY2026 to be between 36% and 38%, up from the previous estimate of 31% to 35% [4] - Non-GAAP net profit for Q3 FY2026 was $11.9 million, or $0.27 per diluted share, compared to a non-GAAP net profit of $4.6 million, or $0.11 per diluted share, in Q3 FY2025 [6][18] Financial Performance - Total cash, cash equivalents, and marketable debt securities at the end of Q3 FY2026 were $295.3 million, an increase from $261.2 million in the previous quarter and $226.5 million year-over-year [3] - GAAP net loss for Q3 FY2026 was $15.1 million, or a loss of $0.35 per diluted share, an improvement from a net loss of $24.1 million, or a loss of $0.58 per diluted share, in Q3 FY2025 [6][18] - Gross margin under GAAP for Q3 FY2026 was 59.6%, slightly down from 60.6% in Q3 FY2025 [6] Market Outlook - The company is optimistic about the rising demand for edge AI applications, which is expected to drive future revenue growth [4] - Ambarella's products are utilized in various edge AI applications, including video security, advanced driver assistance systems, and autonomous driving [8] - The company is focused on sustaining its edge AI R&D investment to capitalize on new product cycles and increasing average selling prices [4]
O-I Glass to Present at Citi's 2025 Basic Materials Conference
Globenewswire· 2025-11-25 21:05
Company Participation - O-I Glass, Inc. will participate in Citi's 2025 Basic Materials Conference on December 3, 2025 [1] - The presentation will be led by CEO Gordon Hardie and CFO John Haudrich at 11:30 a.m. ET [1] Webcast Information - A live webcast of the presentation will be available at a specified link and on the Company's Investor Relations website [2] - The replay of the presentation will be accessible within 24 hours and archived for 90 days [2] Company Overview - O-I Glass is a leading producer of glass bottles and jars globally, emphasizing the sustainability of glass as a packaging material [3] - The company is headquartered in Perrysburg, Ohio, and employs approximately 21,000 people across 69 plants in 19 countries [3] - O-I Glass achieved revenues of $6.5 billion in 2024 [3]
Abacus Global Management Announces Timing of Inaugural Dividend Distribution
Globenewswire· 2025-11-25 21:05
Core Viewpoint - Abacus Global Management has announced its inaugural annual cash dividend of $0.20 per share, reflecting confidence in its business sustainability and a commitment to shareholder returns [2][3]. Dividend Announcement - The annual cash dividend of $0.20 per share will be payable on December 17, 2025, to shareholders of record as of December 2, 2025 [2]. - This dividend represents a distribution of up to 25% of adjusted net income or up to 55% of recurring revenue, as per the company's capital allocation framework [2]. Management Commentary - The introduction of an annual dividend is seen as a significant milestone for the company, indicating strong cash generation and growing fee-based revenues [3]. - The dividend will be funded through cash on hand and free cash flow, supporting the company's disciplined capital allocation strategy [3]. Dividend Policy - Abacus has adopted a dividend policy aimed at balancing consistent shareholder returns with strategic growth investments [7]. - The Board of Directors will evaluate opportunities for capital return through dividends based on factors such as operating cash flow, capital requirements, and strategic investment opportunities [8]. Flexibility in Dividend Declarations - The policy allows the Board to declare dividends while maintaining adequate liquidity for portfolio origination and business expansion [9]. - Specific dividend declarations will remain at the Board's discretion, influenced by business conditions [9]. Company Overview - Abacus Global Management specializes in alternative asset management, data-driven wealth solutions, and technology innovations [10]. - The company focuses on longevity-based assets and personalized financial planning, leveraging proprietary data analytics and industry expertise [10].
Aardvark Therapeutics to Present at Upcoming Investor Conferences in December
Globenewswire· 2025-11-25 21:05
Core Insights - Aardvark Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing small-molecule therapeutics aimed at treating metabolic diseases, particularly through the activation of innate homeostatic pathways [2] Company Overview - Aardvark is developing novel therapeutics designed to suppress hunger, specifically targeting conditions like Prader-Willi Syndrome (PWS) and other metabolic diseases [2] - The lead compound, ARD-101, is currently in Phase 3 clinical development for hyperphagia associated with PWS and is also being studied for hypothalamic obesity [2] - Aardvark is also working on ARD-201, a fixed-dose combination of ARD-101 with a DPP-4 inhibitor, to address limitations of existing GLP-1 therapies for obesity and related conditions [2] Upcoming Events - Aardvark will present at the Piper Sandler 37th Annual Healthcare Conference in New York on December 3 at 8:00 a.m. ET [4] - The company will also present at the Evercore ISI 8th Annual Healthcare Conference in Miami on December 4 at 11:15 a.m. ET [4] - Live webcasts of these presentations will be available on the company's website, with archived recordings accessible for approximately one month [1]
Allegro MicroSystems to Present at the 53rd Annual Nasdaq Investor Conference held in Association with Morgan Stanley Wednesday, December 10, 2025
Globenewswire· 2025-11-25 21:05
Core Insights - Allegro MicroSystems, Inc. will present at the 53rd Annual Nasdaq Investor Conference on December 10, 2025, in London, UK [1] - The company's EVP and CFO, Derek D'Antilio, and VP of Corporate Strategy, Mark Gill, will participate in a fireside chat at 3:00 PM GMT [1] Company Overview - Allegro MicroSystems is a leader in power and sensing semiconductor solutions, focusing on motion control and energy-efficient systems [1] - The company has over three decades of expertise in magnetic sensing and power integrated circuits (ICs), driving advancements in automotive, clean energy, and industrial automation [3] - Allegro is recognized for its commitment to quality and innovation, particularly in "automotive grade" technology, enhancing efficiency, performance, and sustainability across various industries [3]
CG Oncology to Present Results on Cretostimogene Grenadenorepvec at the Society of Urologic Oncology (SUO) 26th Annual Meeting
Globenewswire· 2025-11-25 21:05
Core Insights - CG Oncology is presenting new data on cretostimogene, an investigational therapy for non-muscle invasive bladder cancer (NMIBC), at the Society of Urologic Oncology (SUO) 26th Annual Meeting [1][2] - The presentations include topline results from BOND-003 Cohort P and CORE-008 Cohort A, reinforcing cretostimogene's potential as a backbone immunotherapy for NMIBC patients [2][5] Late-Breaking Podium Presentations - BOND-003 Cohort P focuses on high-risk, papillary-only, BCG-unresponsive NMIBC, with results presented by Dr. Mark D. Tyson on December 5, 2025 [3] - CORE-008 Cohort A evaluates high-risk BCG-naïve NMIBC, with initial results presented by Dr. Trinity J. Bivalacqua on December 5, 2025 [4] Posters - A poster on durable 24-month outcomes from BOND-003 Cohort C will be presented by Dr. Mark D. Tyson on December 3, 2025 [4] - Another poster on CORE-008 Cohort B, assessing intravesical cretostimogene in BCG-exposed NMIBC patients, will also be presented by Dr. Trinity J. Bivalacqua on December 3, 2025 [4] - A poster discussing a patient-centric expanded access program for cretostimogene will be presented by Dr. Sarah P. Psutka on December 4, 2025 [4] About Cretostimogene Grenadenorepvec - Cretostimogene is an investigational oncolytic immunotherapy delivered intravesically, with over 400 patients studied in its clinical development program [5] - The program includes two Phase 3 trials: BOND-003 for high-risk BCG-unresponsive NMIBC and PIVOT-006 for intermediate-risk NMIBC, along with a Phase 2 trial, CORE-008 [5] About CG Oncology - CG Oncology is a late-stage clinical biopharmaceutical company focused on developing therapies for bladder cancer, aiming to improve the quality of life for patients [6]
FibroBiologics Announces Closing of $1.5 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-11-25 21:05
Core Viewpoint - FibroBiologics, Inc. has successfully closed a registered direct offering of 4,477,614 shares of common stock at $0.335 per share, raising approximately $1.5 million, with additional potential proceeds from unregistered warrants [1][3] Company Overview - FibroBiologics is a clinical-stage biotechnology company focused on developing therapeutics and potential cures for chronic diseases using fibroblasts and fibroblast-derived materials, holding over 270 patents [1][9] - The company is engaged in various clinical pathways, including wound healing, multiple sclerosis, disc degeneration, psoriasis, orthopedics, human longevity, and cancer [9] Offering Details - The registered direct offering was priced at-the-market under Nasdaq rules, and the unregistered warrants were issued concurrently, allowing for the purchase of an equal number of shares at the same exercise price [1][3] - The gross proceeds from the offering were approximately $1.5 million before fees and expenses, with the potential for an additional $1.5 million if the unregistered warrants are fully exercised [3] Regulatory Compliance - The shares offered in the registered direct offering were made under a "shelf" registration statement filed with the SEC, and a final prospectus supplement was filed with the SEC [4] - The unregistered warrants were offered in a private placement and have not been registered under the Securities Act, limiting their sale in the U.S. [5]
Star Equity Holdings to Present at the Noble Capital Markets Emerging Growth Conference on December 3, 2025
Globenewswire· 2025-11-25 21:05
Core Viewpoint - Star Equity Holdings, Inc. is actively engaging with investors and presenting at the Noble Capital Markets Emerging Growth Conference, indicating a focus on growth and investor relations [1][2]. Company Overview - Star Equity Holdings, Inc. is a diversified holding company aiming to build long-term shareholder value through the acquisition, management, and growth of businesses with strong fundamentals and market opportunities [3]. - The company operates through four divisions: Building Solutions, Business Services, Energy Services, and Investments [3]. Recent Developments - On August 22, 2025, the company completed the acquisition of Star Operating Companies, Inc., which was part of a merger agreement finalized on May 21, 2025. This merger resulted in the company changing its name and trading symbols on Nasdaq to STRR and STRRP effective September 5, 2025 [4]. Division Summaries - **Building Solutions**: This division focuses on modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber (glulam) products [5]. - **Business Services**: Provides flexible recruitment solutions to a global clientele, targeting mid-market and enterprise organizations, and emphasizes building diverse, high-impact teams [6]. - **Energy Services**: Engages in the rental, sale, and repair of downhole tools for various industries including oil and gas, geothermal, mining, and water-well [7]. - **Investments**: Manages and finances the company's real estate assets and investment positions in both private and public companies [8].