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Ascentage Pharma Announces Global Registrational Phase III Study of Lisaftoclax for First-line Treatment of Patients with Higher-Risk Myelodysplastic Syndrome Cleared by US FDA and EMA
Globenewswire· 2025-08-17 23:30
Core Viewpoint - Ascentage Pharma has received FDA and EMA clearance for the GLORA-4 study, a Phase III trial of lisaftoclax in combination with azacitidine for treating higher-risk myelodysplastic syndrome (HR-MDS), marking a significant step towards addressing unmet medical needs in this area [1][2][3] Company Overview - Ascentage Pharma is a global, commercial stage biopharmaceutical company focused on developing novel therapies for cancer [1][11] - The company has a robust pipeline that includes innovative drug candidates targeting key proteins in the apoptotic pathway [12][14] Study Details - The GLORA-4 study is a global, multi-center, randomized, double-blind Phase III trial designed to evaluate the efficacy and safety of lisaftoclax combined with azacitidine compared to placebo plus azacitidine in newly diagnosed adult patients with HR-MDS [3][4] - This study is notable as it is the second registrational Phase III study of lisaftoclax to receive clearance from both the FDA and EMA [2][3] Clinical Need - There is a significant unmet clinical need for targeted therapies in first-line treatment of higher-risk MDS, as current options like hypomethylating agents (HMA) and allogeneic hematopoietic stem cell transplantation (allo-HSCT) have limitations [3][5][9] - The overall response rate (ORR) for HMAs is only 30-40%, with a complete response (CR) rate of 10-17%, highlighting the need for more effective treatments [5][9] Lisaftoclax Profile - Lisaftoclax is a proprietary, orally administered Bcl-2 selective inhibitor that has shown promising clinical benefits and tolerability in earlier studies [6][8] - The drug is already approved in China for chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL) patients who have received prior systemic therapy [7][14] Clinical Data - Clinical data presented at major conferences indicated an ORR of 75% for the combination of lisaftoclax and azacitidine in treatment-naïve MDS, significantly higher than HMAs alone [8] - The combination therapy demonstrated a favorable safety profile with low incidence of severe hematologic toxicities [8][9] Global Collaboration - The GLORA-4 trial is being co-led by prominent researchers from leading institutions, including The University of Texas MD Anderson Cancer Center and Peking University [3][4]
REGISTRATION OF THE COMBINATION OF SHARES OF DIGITALIST GROUP PLC, AND ADJUSTMENT OF THE MAXIMUM NUMBERS OF SHARES AVAILABLE FOR SUBSCRIPTION UNDER THE COMPANY’S CONVERTIBLE LOANS AND 2021 STOCK OPTION PROGRAM, AND THE SUBSCRIPTION PRICES
Globenewswire· 2025-08-16 08:05
Core Points - Digitalist Group Plc has implemented a share combination, reducing the total number of shares to 2,773,721, effective from 18 August 2025 [1][2] - The share combination was resolved during the Extraordinary General Meeting on 13 August 2025, where one share now corresponds to every 250 shares previously [2][4] - The company has also conducted a directed share issue without consideration, transferring 636,238 shares to ensure that the number of shares in each account is divisible by 250 [2][3] - The purpose of the share combination is to enhance trading conditions by increasing the value of individual shares and improving share price formation [4] Share Redemption and Cancellation - Following the share combination, the company redeemed 249 shares for every 250 shares held, with the redeemed shares being immediately cancelled [3] - Additionally, 205 of the company's own shares were cancelled to maintain divisibility by 250, leaving Digitalist Group with 28,114 of its own shares [3] Convertible Loans and Stock Option Program Adjustments - The Board of Directors has adjusted the maximum number of shares available for subscription under various convertible loan instruments and the 2021 stock option program due to the share combination [6][8] - The conversion prices for the convertible loans will be based on the volume-weighted average price of the company's shares, multiplied by 250 for the period preceding 18 August 2025 [9][13] - The maximum number of new shares that can be converted under each convertible loan has been specified, with notable figures including 260,000 for Convertible Loan 2021/1 and 5,204,280 for Convertible Loan 2021/3 [9][13] Stock Option Program Details - The Stock Option Program 2021 remains in effect, with 7,300,000 Option Rights 2021A2 available before the share combination, allowing subscription at a price of EUR 0.0298 per share [11] - Post-combination, the Option Rights 2021A2 can now be used to subscribe for a maximum of 29,200 new shares, with the subscription price adjusted to EUR 7.45 per share [12][14]
Faraday Future Provides Livestream Information for its Major Strategy Upgrade Announcement on August 16th, at Pebble Beach, Where California State Treasurer, Fiona Ma, Will Deliver the Opening Speech
Globenewswire· 2025-08-16 04:25
Core Viewpoint - Faraday Future Intelligent Electric Inc. is set to announce a major strategic upgrade on August 16, 2025, at 7:30 PM PDT in Pebble Beach, marking a significant milestone in the company's Bridge Strategy aimed at creating new growth opportunities [1][6]. Group 1: Announcement Details - The strategic upgrade announcement will be livestreamed on FF.com and various social media platforms, with the video remaining available post-event [1][2]. - California State Treasurer, Fiona Ma, will deliver the opening speech at the event [1][8]. Group 2: Company Overview - Faraday Future is a California-based company founded in 2014, focused on disrupting the automotive industry through a user-centric, technology-first approach [4]. - The flagship model, FF 91, represents the company's vision for luxury, innovation, and performance, while the FX strategy aims to introduce mass production models targeting a broader market with mid-to-low price offerings [4]. Group 3: Event Context - The announcement is part of a series of activities during the 2025 Monterey Car Week, which takes place in Pebble Beach from August 14-17 [3].
A.I.S. Resources Provides Bi-Weekly Default Status Report
Globenewswire· 2025-08-16 00:46
Core Viewpoint - A.I.S. Resources Limited has been granted a voluntary management cease trade order due to its inability to file annual financial statements and related documents on time, primarily caused by insufficient funds delaying the year-end audit [1][2]. Company Status - The company is currently working to complete its year-end audit and is organizing funds to facilitate this process [3]. - The company expects to file its annual financial statements no later than September 29, 2025, and will issue a news release once the filings are completed [3]. Compliance and Reporting - In accordance with NP 12-203, the company is required to file bi-weekly default status reports during the management cease trade order period [4]. - The company confirms that there have been no material changes since the last news release on July 30, 2025, and it is fulfilling its obligations under the alternative information guidelines [4]. Company Overview - A.I.S. Resources Limited is a publicly traded company on the TSX Venture Exchange, focusing on natural resource opportunities and aiming to unlock value through early-stage project acquisitions [5].
Prime Drink Group Provides Bi-Weekly MCTO Status Report and Announces Closing of Private Placement
Globenewswire· 2025-08-16 00:44
Core Points - Prime Drink Group Corp. has received an extension from the British Columbia Securities Commission to file its annual financial statements, now due by September 29, 2025 [1][2] - A management cease trade order has been issued, preventing the CEO and CFO from trading the company's securities until the annual financial filings are submitted [2] - The company will continue to provide bi-weekly default status reports until the annual financial filings are completed [3] Private Placement - The company completed a non-brokered private placement, raising gross proceeds of $845,000, issuing 10,242,424 common shares and 7,681,818 warrants [4] - Broker warrants were issued as finders' fees, totaling 921,818, with the same purchase price of $0.11 per share for three years [5] - The net proceeds from the private placement will be used for business development and general working capital [6]
HF Sinclair Announces Final Results and Expiration of Cash Tender Offer for Debt Securities
Globenewswire· 2025-08-16 00:21
Core Viewpoint - HF Sinclair Corporation has announced the final results and expiration of its cash tender offer to purchase outstanding notes, indicating a strategic move to manage its debt obligations and optimize its capital structure [1][4]. Summary by Relevant Sections Tender Offer Details - The tender offer was made to purchase all outstanding notes, with specific details provided in the Offer to Purchase dated August 11, 2025 [1][4]. - The aggregate principal amounts of the notes tendered include $36.687 million for the 5.875% Senior Notes due 2026 and $163.843 million for the 6.375% Senior Notes due 2027 [3][2]. Financial Implications - The Corporation expects to accept for payment all validly tendered notes on August 20, 2025, which will include accrued and unpaid interest from the last interest payment date [5]. - The tender offer is contingent upon the completion of a concurrent public offering of senior notes expected to occur on August 18, 2025 [5]. Company Overview - HF Sinclair Corporation is an independent energy company based in Dallas, Texas, producing and marketing high-value light products such as gasoline, diesel fuel, and renewable diesel [9]. - The company operates refineries across several states and provides transportation, storage, and throughput services to the petroleum industry, marketing its refined products primarily in the Southwest U.S. and neighboring regions [9].
RYVYL Announces Retirement of Chairman and Co-founder Ben Errez; Repositions Business to Focus on Crypto Treasury Management
Globenewswire· 2025-08-15 23:05
Core Viewpoint - RYVYL Inc. is repositioning its business to focus on crypto treasury management, with a core strategy aimed at building a crypto treasury to support long-term growth [1][2]. Company Leadership Changes - Ben Errez, Chairman and Co-founder of RYVYL, will retire effective August 31, 2025, but will continue to advise the company independently through the end of the year [1][2]. Strategic Business Shift - The company announced a digital asset acquisition strategy on June 16, 2025, planning to accumulate crypto as a reserve asset, viewing it as a long-term store of value and a means to enhance financial resilience [2][3]. - The decision to shift the business reflects a long-term approach to integrating digital assets into the treasury, aiming to enhance balance sheet strength and position the company for future financial innovation [3]. Company Background - RYVYL Inc. was founded in 2017 as GreenBox POS and focuses on empowering various payment transactions globally through electronic payment technology [3]. - The company has developed applications that provide an end-to-end suite of financial products with enhanced security, data privacy, and rapid settlement speed [3].
Sky Quarry Reports 2nd Quarter 2025 Financial Results
Globenewswire· 2025-08-15 22:30
Core Viewpoint - Sky Quarry Inc. reported a 35% increase in revenue for Q2 2025 compared to Q2 2024, driven by operational improvements and regained supply volumes, despite a 24% decrease in revenue for the first half of 2025 compared to the prior year [3][9]. Financial Performance - Revenues for Q2 2025 were $4.54 million, up from $3.38 million in Q2 2024, marking a 35% increase [3]. - For the first half of 2025, revenues totaled $10.87 million, down from $14.33 million in the same period of 2024, reflecting a 24% decrease [3]. - Gross profit for Q2 2025 was a loss of $117,529, an improvement from a loss of $485,589 in Q2 2024, showing a positive change of $368,060 [4]. - The gross profit for the first half of 2025 was a loss of $843,060, compared to a profit of $83,860 in the prior year, indicating a decrease of $926,920 [4]. - Total operating expenses for Q2 2025 were $1.62 million, up from $0.97 million in Q2 2024 [5]. - The net loss for Q2 2025 was $2.21 million, an improvement from a net loss of $3.56 million in Q2 2024 [5]. - For the first half of 2025, the net loss was $5.54 million, compared to $6.03 million in the same period of 2024 [5]. Cash Flow and Assets - Net cash used in operating activities for the first half of 2025 was $0.73 million, significantly lower than $2.60 million in the prior year [6]. - As of June 30, 2025, total assets were $22.80 million, down from $26.95 million at the end of 2024 [11][12]. - Current assets decreased from $4.99 million at the end of 2024 to $3.20 million as of June 30, 2025 [11]. - Total liabilities decreased from $15.45 million at the end of 2024 to $14.94 million as of June 30, 2025 [12]. Strategic Initiatives - The company unveiled a strategic growth plan to ramp operations at the Foreland Refinery to its full permitted production capacity of up to 800,000 barrels per year [9]. - An application for a recycling permit was submitted to develop an integrated energy facility in Utah, aimed at recovering valuable oil from waste asphalt shingles [9]. - A strategic digital asset initiative was launched to explore the tokenization of real-world energy commodities, aiming to open new market channels [9].
Enigmatig Celebrates NYSE American Listing with Bell Ringing Ceremony, Signaling Next Phase of Global Growth
Globenewswire· 2025-08-15 21:40
Core Insights - Enigmatig Limited has successfully listed on the NYSE American, marking a significant milestone in its mission to empower SMEs for global expansion [1][3] - The company raised approximately US$15 million through its IPO, selling 3,005,200 Class A ordinary shares at US$5.00 each [2] - Enigmatig aims to enhance its service capabilities and expand its global reach, focusing on RegTech innovations and strategic advisory services [4][6] Company Overview - Founded in 2010, Enigmatig specializes in enabling SMEs to navigate cross-border markets, providing expertise in licensing, compliance, and strategic growth [9][10] - The company operates across key financial hubs including Singapore, Hong Kong, Shanghai, London, Cyprus, and Belize, offering tailored solutions throughout the business lifecycle [7][10] - Enigmatig's proprietary CRM platform integrates KYC, AML, and transaction monitoring tools, positioning RegTech at the core of its growth strategy [7] Future Growth Strategy - The company plans to expand its leadership and specialist teams in key markets and verticals [6] - Enigmatig will accelerate RegTech and automation innovations to streamline compliance processes [6] - The firm is pursuing targeted mergers and acquisitions to strengthen its global service offerings [6]
LEADING EDGE MATERIALS ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT
Globenewswire· 2025-08-15 21:30
Core Points - Leading Edge Materials Corp. has successfully closed a non-brokered private placement financing, initially announced on June 10, 2025, raising gross proceeds of C$2,838,160 by issuing 17,738,500 units at a price of C$0.16 per unit [2][4]. Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at a price of C$0.32 until four years from the closing date [3]. - The net proceeds from the private placement will be utilized for the company's projects in Sweden and Romania, as well as for general working capital and corporate purposes [4]. - A finder's fee of 6% was paid to a third party on a portion of the private placement, which is subject to final approval from the TSX Venture Exchange [4]. Group 2: Insider Participation - Insiders of the company purchased a total of 10,666,000 units in the private placement, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [6]. - Mr. Eric Krafft, a director of the company, acquired 10,666,000 common shares, increasing his total holdings to approximately 38.30% of the issued and outstanding common shares on a non-diluted basis and 48.28% on a partially diluted basis [7]. Group 3: Company Overview - Leading Edge Materials is focused on developing critical raw material projects in the European Union, including the Woxna Graphite mine in Sweden and the Norra Kärr Heavy Rare Earth Elements project [12]. - The company is positioned to benefit from the growing demand for critical raw materials linked to high-growth technologies such as lithium-ion batteries and permanent magnets [12].