Diana Shipping Inc. Nominates Six Director Candidates for Election to Genco Shipping & Trading Board
Globenewswire· 2026-01-16 13:37
Core Viewpoint - Diana Shipping Inc. intends to nominate six independent director candidates to Genco's Board of Directors, citing the current Board's failure to engage with Diana regarding its acquisition proposal and the need for meaningful change to maximize shareholder value [1][2][4]. Group 1: Acquisition Proposal - Diana proposed to acquire all outstanding shares of Genco not owned by it for $20.60 per share in cash, which represents an attractive premium for Genco shareholders [2][16]. - The current Genco Board took over six weeks to respond to Diana's proposal and did not engage in discussions regarding its financial or structural elements [2][3]. - Diana's offer is backed by a financing letter from two leading shipping banks, indicating strong financial support for the acquisition [2]. Group 2: Board Nomination - Diana believes that Genco shareholders would benefit from electing directors who are open to exploring strategic alternatives, including a serious consideration of Diana's acquisition proposal [2][4]. - The nominated candidates possess extensive experience in shipping, finance, mergers and acquisitions, and corporate governance, which Diana believes will enhance the Board's effectiveness [1][4][10][16]. - Notable nominees include Gustave Brun-Lie, Chao Sih Hing Francois, and Paul Cornell, each bringing decades of relevant industry experience [4][10][5]. Group 3: Company Background - Diana Shipping Inc. specializes in the ownership and bareboat charter-in of dry bulk vessels, primarily transporting commodities such as iron ore, coal, and grain [7]. - The company currently owns approximately 14.8% of Genco's outstanding shares, making it the largest shareholder [1][16].
IES Holdings Completes Acquisition of Gulf Island Fabrication
Globenewswire· 2026-01-16 13:35
Core Viewpoint - IES Holdings, Inc. has successfully completed the acquisition of Gulf Island Fabrication, Inc., enhancing its capabilities in the Infrastructure Solutions segment and expanding its fabrication footprint [1][2][3] Acquisition Details - The acquisition includes all issued and outstanding common stock of Gulf Island at a price of $12 per share, totaling an equity value of approximately $192 million and an enterprise value of about $152 million, which includes around $40 million in cash [2] Strategic Implications - The acquisition aligns with IES's strategy to expand its Infrastructure Solutions segment and strengthen its role in U.S. infrastructure development, particularly in the energy sector, including oil & gas and potential nuclear projects [3] - The addition of Gulf Island's workforce and facilities, including a 450,000-square foot campus in Houma, Louisiana, will significantly enhance IES's capacity and service offerings, allowing for a broader range of solutions [3] Company Overview - IES Holdings, Inc. specializes in designing and installing integrated electrical and technology systems, providing infrastructure products and services across various markets, including data centers and industrial facilities, supported by a workforce of over 10,000 employees [4]
Viewbix: Quantum Transportation Completes First Milestone in Transformer-Based Quantum Decoder Program, Securing Key IP License from Ramot at Tel Aviv University
Globenewswire· 2026-01-16 13:32
Core Insights - Viewbix Inc. announced that its subsidiary Quantum Transportation Ltd. has successfully completed Milestone 1 in the Quantum Decoder program, marking significant progress towards a universal neural decoder for quantum error correction [1][2] Milestone Achievements - Milestone 1 included a Patent Feasibility Assessment, Comprehensive Quantum Error Correction Model Research, and Finalization of the Transformer Architecture, fulfilling a key condition under the sub-license agreement with Ramot at Tel Aviv University [2][3] - The completion of Milestone 1 transitions the program from early-stage research to a validated architecture ready for prototyping and real-world validation, showing strong potential to outperform traditional decoding methods [3][4] Future Developments - Following Milestone 1, Quantum Transportation will advance to Milestone 2, which will focus on System Proof of Concept, including expanded simulations and initial engagements with design partners [5] - The strategic focus on quantum technologies is underscored by Viewbix's agreement to acquire up to 100% of Quantum X Labs, which includes an expanding patent portfolio related to quantum error correction [6]
SRx Health Solutions Invests in Common Stock of Opendoor Technologies
Globenewswire· 2026-01-16 13:30
NORTH PALM BEACH, Fla., Jan. 16, 2026 (GLOBE NEWSWIRE) -- SRx Health Solutions, Inc. (NYSE American: SRXH) (the "Company") today announced that it has invested in the common stock of Opendoor Technologies Inc., a leading digital platform for residential real estate transactions. The investment was made as part of SRXH’s broader capital allocation strategy, which seeks to deploy excess liquidity into publicly traded securities such as Opendoor, digital assets, and commodities such as gold and silver that man ...
Off The Hook Yachts to Ring the Closing Bell at the New York Stock Exchange on the Eve of America’s Oldest Boat Show
Globenewswire· 2026-01-16 13:30
Reflects growing investor confidence in marine sector as Off the Hook brings a technology driven platform to elevate boating from a historically fragmented marketplace into a scalable, data-driven industry Wilmington, NC, Jan. 16, 2026 (GLOBE NEWSWIRE) -- Off The Hook YS Inc. (NYSE American: OTH) (“Off the Hook Yachts” or “Off the Hook” or “the Company”), America's largest buyer and seller of pre-owned boats, today announced it will ring the Closing Bell at the New York Stock Exchange on Tuesday, January 20 ...
EdgeMode Issues Statement Addressing Inaccurate Third-Party Research Report
Globenewswire· 2026-01-16 13:30
FORT LAUDERDALE, Fla., Jan. 16, 2026 (GLOBE NEWSWIRE) -- EdgeMode, Inc. (OTC: EDGM), a global Energy and AI data center infrastructure company, today issued a statement correcting the record following the publication of a report that the Company believes contains materially inaccurate characterizations of its business model, development strategy, and European execution capabilities. A report published by Wall Street Global Research labels EdgeMode "blacklisted" and makes a series of claims that are inaccura ...
Nukkleus Inc. Acquires Nimbus Drones Technologies, an Israeli UAV and Counter-UAS Company
Globenewswire· 2026-01-16 13:30
Acquisition expands Nukkleus’ portfolio into unmanned aerial systems sectorNEW YORK and TEL AVIV, Israel, Jan. 16, 2026 (GLOBE NEWSWIRE) -- Nukkleus Inc. (NASDAQ: NUKK), a strategic acquirer and developer of high-potential businesses in the Aerospace and Defense (A&D) sector, today announced that it has acquired 100% of Nimbus Drones Technologies and Marketing Ltd. ("Nimbus"), an Israeli private company specializing in professional unmanned aerial systems and services. In consideration for Nimbus, Nukkleus ...
Critical Metals Corp Schedules Business Update Call
Globenewswire· 2026-01-16 13:30
Core Viewpoint - Critical Metals Corp is set to provide a business update through a webcast and conference call on January 22, 2026, at 8:00 AM ET [1]. Company Overview - Critical Metals Corp (Nasdaq: CRML) is a prominent mining development company focused on critical metals and minerals essential for electrification and next-generation technologies, particularly for Europe and its western partners [3]. - The company's flagship project, Tanbreez, is one of the largest rare-earth deposits globally, located in Southern Greenland, with year-round shipping access via deep water fjords to the North Atlantic Ocean [3]. - Another significant asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is the first fully permitted mine in Europe and is strategically positioned with established road and rail infrastructure [4]. - The Wolfsberg project is expected to be a major producer of lithium products to support the European market and is well-positioned with offtake and downstream partners [4]. - With its strategic asset portfolio, Critical Metals Corp aims to become a reliable and sustainable supplier of critical minerals for defense applications, clean energy transition, and next-generation technologies in the western world [5].
Star Equity Holdings to Present at Sidoti’s Micro-Cap Virtual Investor Conference on January 21-22
Globenewswire· 2026-01-16 13:30
OLD GREENWICH, Conn., Jan. 16, 2026 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR and STRRP) formerly, Hudson Global, Inc. (Nasdaq: HSON and HSONP) (“Star” or the “Company”), a diversified holding company, announced today that its management team will present and host one-on-one meetings with investors at Sidoti’s Micro-Cap Virtual Investor Conference, which will take place from January 21-22, 2026. Star’s main presentation is scheduled for Thursday, January 22 at 10:45am ET. Investors can ac ...
IperionX Receives Final $4.6M In DoW Funding and 290 Metric Tons of Titanium Scrap from U.S. Government
Globenewswire· 2026-01-16 13:30
U.S. Department of War, through its Industrial Base Analysis and Sustainment program, has obligated the final US$4.6 million under IperionX’s previously announced US$47.1 million award Funds will be applied to the scale-up of production to 1,400 tpa at IperionX’s Titanium Manufacturing Campus in Virginia, with planning, design and long lead time activities underway The U.S. Government has also transferred ~290 metric tons (320 short tons) of high-quality titanium scrap metal to IperionX for no cost, which i ...