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GlobalTech Announces D. Boral Capital LLC as Strategic Advisor for Recently Announced Planned Acquisition of Moda in Pelle
Globenewswire· 2025-12-15 13:15
Core Viewpoint - GlobalTech Corporation has announced the planned acquisition of 123 Investments Limited, operating as Moda in Pelle, with D. Boral Capital LLC serving as its strategic advisor for this transaction [1][2]. Company Overview - GlobalTech Corporation is a U.S.-based technology holding company focused on artificial intelligence, big data, and emerging technologies, aiming to empower innovative companies through strategic partnerships and capital investment [3]. - D. Boral Capital LLC is a global investment bank that specializes in providing strategic advisory and financial solutions to middle-market and emerging growth companies, having successfully aggregated approximately $30 billion in capital since its inception in 2020 [4][3]. Acquisition Details - The acquisition of Moda in Pelle is part of GlobalTech's strategy to scale globally and invest in cutting-edge solutions, with updates to be shared in future public filings [2]. - The transaction is subject to customary agreements and compliance, with no assurance of timely completion [2]. Moda in Pelle Overview - Moda in Pelle, established in 1975, is a British footwear brand known for its high-quality products and strong presence in the UK market, operating over 40 retail stores and a robust online platform [4].
Aeries Technology Shares Results from Early Engineering Management Framework Programs Across Global Client Engagements
Globenewswire· 2025-12-15 13:15
Core Insights - Aeries Technology, Inc. has reported measurable improvements from early implementations of its Engineering Management Framework (EMF), which is now entering a phased rollout based on validated outcomes [1][2] Company Overview - Aeries Technology is a global leader in AI-enabled value creation and business transformation, particularly for private-equity portfolio companies, and has been recognized as a Great Place to Work for two consecutive years [3] Engineering Management Framework (EMF) - EMF is a governance-led system that standardizes the measurement and management of engineering performance across global delivery hubs, converting data into executive-ready insights [2] - Early programs utilizing EMF have shown significant gains in delivery predictability, release reliability, and actionable visibility into global engineering operations [2] Market Trends - Clients are increasingly prioritizing transparency, predictability, and scalable governance in their global engineering models, which is shaping the future of the Global Capability Center (GCC) market, projected to exceed $100 billion by 2030 [2] Performance Improvements - The implementation of AI-enabled engineering practices has resulted in up to 30% faster development cycles and a 30% reduction in data reconciliation timelines [5] - The framework has also facilitated faster migration cycles and improved system stability across multi-hub engineering environments [5]
FOXO TECHNOLOGIES INC. CEO SEAMUS LAGAN PROVIDES YEAR-END REVIEW TO SHAREHOLDERS
Globenewswire· 2025-12-15 13:07
Core Insights - FOXO Technologies Inc. has outlined its key milestones for 2025 and its future growth strategy, emphasizing the foundation laid in mid-2024 through acquisitions of Myrtle Recovery Centers, Inc. and Rennova Community Health, Inc. [1] - The company has expanded its healthcare portfolio with the acquisition of Vector BioSource, Inc., positioning itself as a player in the pharmaceutical services sector [4] Myrtle Recovery Centers - Myrtle Recovery Centers has established itself as a leading provider of residential and medically supervised withdrawal treatment services for substance use disorders in Tennessee since its opening in August 2023 [2] - The Oneida facility has maintained a 93% occupancy rate with an average daily census of 28, significantly up from 7.4 in 2024 [2] - Projected patient admissions for 2025 are 550, a substantial increase from 195 in 2024 [2] - Myrtle has received funding from the State of Tennessee Opioid Abatement Fund for treating uninsured patients and is developing a mobile application called "Evana" to enhance post-discharge patient care [2] Rennova Community Health - Scott County Community Hospital, also known as Big South Fork Medical Center, serves as FOXO's flagship acute care hospital, providing a range of services including inpatient, outpatient, and emergency care [3] - The hospital is projected to see over 7,000 ER patients, 3,500 outpatient visits, and 300 inpatient stays in 2025 [5] - Recently added services include swing bed and wound care, and the hospital is in-network with all major payors [5] Vector BioSource - The acquisition of Vector BioSource is expected to generate approximately $1 million in net revenues for 2025, with anticipated significant growth as the company invests in infrastructure and market expansion [4][6] - Vector specializes in sourcing biospecimens for the biotechnology and pharmaceutical research sectors [4] Corporate and Growth Outlook - The company has settled several legacy liabilities and strengthened its management team, with equity increasing from $5.3 million at the end of 2024 to $20.2 million by September 30, 2025 [7][12] - Debt has been reduced from $10.2 million at the end of 2024 to $7.1 million by September 30, 2025 [12] - FOXO has formed a wholly owned subsidiary, FOXO Acquisition Corporation, to facilitate acquisitions and has introduced a new series of preferred stock [7] - The company aims to uplist its common stock to NYSE American or another recognized exchange, although there is no certainty regarding this goal [8]
Catalyst Pharmaceuticals to Participate in the 44th Annual J.P. Morgan Healthcare Conference
Globenewswire· 2025-12-15 13:03
CORAL GABLES, Fla., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. ("Catalyst" or "Company") (Nasdaq: CPRX), a commercial-stage biopharmaceutical company focused on in-licensing, developing, and commercializing novel medicines for patients living with rare and difficult-to-treat diseases, today announced that Rich Daly, President and CEO of Catalyst, along with other members of Catalyst's management team, will present at the 44th Annual J.P. Morgan Healthcare Conference on Monday, January ...
Earth Science Tech, Inc. Receives FINRA Clearance on Form 211 to Initiate Quotations
Globenewswire· 2025-12-15 13:00
MIAMI, FL, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Earth Science Tech, Inc. (OTC: ETST) (“ETST” or the “Company”), a strategic holding company focused on acquiring and scaling high-potential operating businesses, today announced that the Financial Industry Regulatory Authority, Inc. (FINRA) has cleared the Form 211 application filed by a sponsoring broker-dealer. On December 12, 2025, FINRA processed a Form 211 relating to the initiation of priced quotations of ETST, which means that the submitting broker-dealer ...
Terra Balcanica Announces Proposed Spin-Out of Terra North Resources Corp.
Globenewswire· 2025-12-15 13:00
Vancouver, British Columbia, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1; OTC:TEBAF) is pleased to announce that its Board of Directors has approved, in principle, a corporate reorganization (the “Spin-Out Transaction”) whereby the Company plans to spin out its Canadian uranium assets into a wholly-owned subsidiary, Terra North Resources Corp. (“Terra North”). The proposed spin-out transaction is expected to include the following steps: Ter ...
Sunrise Realty Trust Announces Dividend for the Fourth Quarter 2025
Globenewswire· 2025-12-15 13:00
WEST PALM BEACH, Fla., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced its dividend for the quarter ending December 31, 2025. The Board of Directors of SUNS declared a quarterly dividend of $0.30 per outstanding share of common stock for the quarter ending December 31, 2025. The dividend is payable on January 15, 2026, to the common stockholders of record on December ...
Viasat Introduces Next-Generation Global Ka-band Network to Support Resilient Government SATCOM
Globenewswire· 2025-12-15 13:00
Viasat’s unified Ka-band network will support high-speed, resilient multi-network connectivity for multi-domain mission operationsCARLSBAD, Calif., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications (SATCOM), today announced a significant evolution of its network for government customers by unifying Viasat Ka-band satellites, the Global Xpress satellite fleet, and select partner satellites into a fully integrated global Ka-band satellite communications ...
Liberty Defense Receives Contract Modification Exercising an Option from TSA for Completion of HD-AIT Design Improvements
Globenewswire· 2025-12-15 13:00
Investment in the development of the HD-AIT field upgrade kit demonstrates the TSA’s continued commitment to Checkpoint ImprovementsWILMINGTON, Mass., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: FSE:E30), – a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that the Transportation Security Administration (TSA) exercised an option under a ...
ScanTech AI Systems Provides Update on Nasdaq Compliance Plan Progress and Listing Status
Globenewswire· 2025-12-15 13:00
Atlanta, GA, Dec. 15, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a technology company focused on advanced AI-powered security screening solutions, today provided an update on the actions it has taken in recent months as part of its ongoing efforts to address Nasdaq listing requirements. The Company confirmed that it has today filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. With the filing of this report, the Company ha ...