Articles from Business Wire

On Tuesday, March 18 at 12:30 PM ET, Rivian (NASDAQRIVN) Founder and CEO RJ Scaringe will participate in a fireside chat at the Wolfe Research Virtual Autos Summit. Emmanuel Rosner and Shreyas Patil from Wolfe will host. A live webcast of the fireside chat will be available here.

Lithium Royalty Corp. (TSX: LIRC) (“LRC” or the “Company”) announces its fourth quarter and annual 2024 revenue results.

ServisFirst Bancshares, Inc., (NYSESFBS) (“ServisFirst”), the holding company for ServisFirst Bank, today announces: At a meeting held on March 17, 2025, its Board of Directors declared a quarterly cash dividend of $0.335 per share, payable on April 9, 2025, to stockholders of record as of April 1, 2025.

X Machina Capital Strategies (“XMC”), which acquires and develops transformational private investments in the energy sector, today announced that Richard Walker, the firm’s Chief Information Officer, will serve as a featured speaker at the Wall Street Green Summit in New York City tomorrow, March 18th. Specifically, Mr. Walker will discuss current strategic investment trends throughout the energy industry and emphasize the importance of leveraging sustainable technologies and techniques to extend the life of mature energy producing assets, at reduced carbon intensity that enhances the value of the assets.

Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced a series of strategic actions following the completion of the previously disclosed strategic review of the Tortoise Sustainable and Social Impact Term Fund (NYSETEAF). This initial phase focused on evaluating the impact of blending private and public investments in a closed-end fund structure. With this phase now complete, the focus is on implementing changes to the portfolio. These actions are designed to enhance shareholder value and maintain alignment with Tortoise Capital’s core investment expertise.

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Althoff Crane Service, Inc., and Buffalo Ridge Transport Inc. (together, “Althoff”) to Centurion Group, a Portfolio Company of SCF Partners. The acquisition closed October 29, 2024.

Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced the net profits interest calculation for March 2025. The net profits interest calculation represents reported oil production for the month of December 2024 and reported natural gas production during November 2024. The calculation includes accrued costs incurred in January 2025.

Talkdesk®, Inc., a global provider of artificial intelligence (AI)-powered customer experience (CX) technology that serves enterprises of all sizes, today launched Talkdesk Knowledge Creator, a groundbreaking new feature that uses generative AI (GenAI) to solve one of the most difficult problems companies face—the creation and maintenance of knowledge for customer service. Talkdesk Knowledge Creator automates the discovery of knowledge gaps and the creation of trusted, easy-to-consume knowledge resources, eliminating the bottlenecks of traditional knowledge management and ensuring customer service agents and customers get fast, accurate answers without manual effort.

The Board of Directors of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSEDPG), a closed-end fund advised by Duff & Phelps Investment Management Co. (the “Adviser”), authorized the payment of dividends on its common stock as follows:

Altus Power, Inc. (NYSEAMPS) (“Altus Power”, the “Company” or “us”), a leading commercial scale provider of clean, electric power, today announced its financial results for fourth quarter and full year 2024.

Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2833 per unit for the month of March 2025. The distribution will be paid by Granite on Tuesday, April 15, 2025 to unitholders of record at the close of trading on Monday, March 31, 2025.

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQTBBK) securities between January 25, 2024 and March 4, 2025, inclusive (the “Class Period”). TBBK investors have until May 16, 2025 to file a lead plaintiff motion.

Allegion plc (NYSEALLE), a leading global security products and solutions provider, will hold a “2025 Investor & Analyst Day” in New York City on Tuesday, May 6. President and CEO John H. Stone will lead this meeting, joined by Senior Vice President and Chief Financial Officer Mike Wagnes and additional Allegion executive leadership team members to discuss the company’s long-term strategy and vision for the future.

RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.65 cents per unit for the month of March. The distribution will be payable on April 7, 2025, to unitholders of record as at March 31, 2025.

Talkdesk®, Inc., a global provider of artificial intelligence (AI)-powered customer experience (CX) technology that serves enterprises of all sizes, is unlocking a new era of conversational, human-like customer self-service fueled by advanced agentic AI automation.

Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, today announced that it will report its financial results for the fourth quarter and full year 2024 ended December 31, 2024 after the market closes on Monday, March 24, 2025.

KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of Benchmark 2025-V14, a $939.2 million CMBS conduit transaction collateralized by 35 commercial mortgage loans secured by 61 properties.

QAD Inc., a leading provider of next-generation manufacturing and supply chain solutions in the cloud, announced today that QAD Director of Consumer Markets Stephen Dombroski has been named the winner of Supply & Demand Chain Executive’s 2025 ‘Pros to Know’ Leaders in Excellence Award.

Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the Homesite Option Purchase Platform (HOPP’R) for residential homebuilders, today announced a major milestone: its inaugural dividend of $65 million, or $0.38 per share of Class A and Class B common stock. The dividend will be paid on April 15, 2025 to shareholders of record as of April 4, 2025. This “stub” dividend covers the period from Millrose’s spin-off from Lennar Corporation (“Lennar”) on February 7, 2025 through March 31, 2025, and represents a pro-rated portion of what would equate to $0.65 per share on a normalized quarterly basis.

Resecurity, a U.S.-based cybersecurity company protecting Fortune 500 companies and government agencies globally, has announced a strategic partnership with the Union of Arab Banks (UAB) to enhance cybersecurity capabilities, fraud prevention, and threat intelligence sharing across the Arab banking and financial sectors.

A new report analyzing 180 healthcare email breaches from January 1, 2024, to January 31, 2025 reveals widespread cybersecurity issues and escalating regulatory penalties. Paubox’s 2025 Healthcare Email Security Report highlights how email remains the leading attack vector, resulting in financial penalties, compromised patient data, and increased enforcement actions from regulators.

Sable Offshore Corp. (“Sable,” or the “Company”) (NYSESOC) today announced its 2024 financial and operational results.

Redwire Corporation (NYSERDW), a leader in space infrastructure for the next generation space economy, announced today that Redwire’s Chief Financial Officer Jonathan Baliff will present at the 37th Annual Roth Conference on March 18, 2025 from 10:30-10:55 a.m. PT.

Wells Fargo & Company (NYSEWFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2021 consent order related to loss mitigation practices in the company’s Home Lending business. This is the eleventh consent order closed by Wells Fargo’s regulators since 2019.

The Board of Directors of DNP Select Income Fund Inc. (NYSEDNP), a closed-end fund advised by Duff & Phelps Investment Management Co. (the “Adviser”), authorized the payment of dividends on its common stock as follows:

The Board of Directors of DTF Tax-Free Income 2028 Term Fund Inc.. (NYSEDTF) (the “Fund”), a closed-end fund advised by Duff & Phelps Investment Management Co. (the “Adviser), authorized the payment of dividends on the Fund’s common stock as follows:

DiaMedica Therapeutics Inc. (Nasdaq: DMAC), a clinical-stage biopharmaceutical company focused on developing novel treatments for acute ischemic stroke and preeclampsia, today provided a business update and financial results for the year ended December 31, 2024. Management will host a conference call Tuesday, March 18, 2025, at 8:00 AM Eastern Time / 7:00 AM Central Time to discuss its business update and full year 2024 financial results.

The City of Pico Rivera is leading the way as the first in Los Angeles County to invest in local childcare providers through a new partnership with Upwards, a national childcare network. Upwards’ Boost program will provide no-cost business and technical support to 14 local childcare micro-enterprises, helping them strengthen their operations, expand capacity, and create more childcare opportunities for families.

APEC 2025 – Power Integrations (NASDAQPOWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced TinySwitch™-5, extending the output power of the most popular family of integrated off-line switcher ICs to 175 W. The new TinySwitch-5 achieves up to 92 percent efficiency using basic diode rectification and optocoupler feedback.

TPG Inc. (NASDAQTPG), a leading global alternative asset management firm, today announced that Jennifer Chu has been named as a Partner, and Chief Legal Officer and General Counsel of TPG, effective March 31. Ms Chu will be succeeding Bradford Berenson, who will continue at TPG for a period of time as a Senior Advisor before retiring from the firm at year end.

Western Digital (Nasdaq: WDC) announced today that it has hired Ahmed Shihab as Chief Product Officer. Shihab, a seasoned expert in cloud storage needs and requirements, most recently served as Corporate Vice President of Azure Storage at Microsoft. In this role, he led the engineering and operations teams for Object and Block storage, driving the design and development of Microsoft's cloud storage solutions. As Western Digital’s new Chief Product Officer, Shihab is responsible for leading product strategy and engineering as the company accelerates innovation and development of HDD products and solutions.

Voya Global Advantage and Premium Opportunity Fund (NYSEIGA) and Voya Infrastructure, Industrials and Materials Fund NYSE: IDENYSEIDE)

Alcoa Corporation (NYSE:AA; ASX: AAI) (“Alcoa”) announced today that Alumina Pty Ltd (ABN 85 004 820 419) (the “Issuer”), a wholly-owned subsidiary of Alcoa, closed its offering of $500,000,000 aggregate principal amount of 6.125% senior notes due 2030 and $500,000,000 aggregate principal amount of 6.375% senior notes due 2032 (the “notes”). The notes are guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries.

3Degrees, a leading global climate solutions provider and certified B Corporation, today announced the launch of the Low Carbon Fertilizer Alliance, a collaborative initiative designed to help reduce emissions in agricultural supply chains.

Summit Therapeutics Inc. (NASDAQSMMT) (“Summit,” “we,” or the “Company”) today announced that Robert LaCaze has joined Summit Therapeutics as Chief Commercial Officer, reporting to Manmeet S. Soni, Chief Operating Officer and Chief Financial Officer, effective immediately.

OneSpaWorld Holdings Limited (NASDAQOSW) (“OneSpaWorld” or the “Company”), the preeminent global provider of health and wellness services and products onboard cruise ships and in destination resorts around the world, today announced that Stephen Lazarus, the Company’s Chief Financial Officer and Chief Operating Officer, has been appointed President, Chief Financial Officer, and Chief Operating Officer. The Company today also announced that Chief Commercial Officer Susan Bonner will step down, effective immediately.

SmartBiz announced today the closing of its acquisition of United Community Bancshares, Inc. and its wholly-owned subsidiary, Centrust Bank, N.A. The combined company, renamed SmartBiz Bank, N.A. (“SmartBiz BankSM”), will operate under the bank holding company, SmartBiz Bancshares, Inc. This transaction recently received regulatory approval from the Office of the Comptroller of the Currency and the Federal Reserve Bank of Chicago.

TCW Strategic Income Fund, Inc. (NYSETSI) today announced a quarterly distribution of $0.065 per share payable to shareholders of record on March 31, 2025, with the payable date of April 11, 2025.

QXO, Inc. (NYSEQXO) (the “Company” or “QXO”) today announced that it has entered into purchase agreements with certain institutional investors for an $830 million private placement financing (the “Private Placement”). The closing of the Private Placement is contingent upon the concurrent consummation of the Company’s outstanding all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (Nasdaq: BECN).

Bakkt Holdings, Inc. (NYSEBKKT) today announced that it has changed the date for its previously announced earnings conference call. The company will now host a conference call at 8:30 A.M. ET on Tuesday, March 18, 2025, to review the results for the quarter and full year.

Energy Vault Holdings, Inc. (NYSENRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2024.

Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSEVOYA), announced today the distributions on the common shares of five of its closed-end funds: Voya Global Advantage and Premium Opportunity Fund NYSE: IGANYSEIGA)(NYSE: IGDNYSEIGD, Voya Infrastructure, Industrials and Materials Fund (NYSE: IDENYSE), Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAEIAE), and Voya Emerging Markets High Dividend Equity Fund (NYSEIHD).

DISCO (NYSELAW), a creator of industry-leading litigation technology, today announced that technology and finance veteran Tom Bogan has been appointed to its Board of Directors.

Eastman Kodak Company (NYSEKODK) today reported financial results for the fourth quarter and full year 2024.

Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, announced today that its Board of Directors has approved the payment of a quarterly cash dividend of $0.15 per share, representing a quarterly increase of 11.1 percent and an increased annualized dividend rate to $0.60 per share.

On Thursday, March 20th @ 2:00 p.m., Los Angeles area Transgender Leadership, members from the Los Angeles County Board of Supervisors, and Los Angeles and West Hollywood City Councilmembers will join FLUX International for the presentation of findings from FLUX’s landmark Health & Wellness Survey, “Creating Social Spaces, Creates Social Change.” The study, a 3-year research survey, collected and analyzed lived-experience data to better inform key stakeholders in government and the community regarding policies & protections for Transgender and nonbinary individuals.

Camping World Holdings, Inc. (NYSECWH) (“Camping World” or “Company”), the World’s Largest Recreational Vehicle Dealer, today announced that it has completed the purchase of five locations from Lazydays. Camping World elected to not close on two locations in Portland, Oregon and Council Bluffs, Iowa, as these locations did not meet the Company’s standards.

Vicarious Surgical Inc. (“Vicarious Surgical” or the “Company”) (NYSE: RBOT, RBOT WS), a next-generation robotics technology company seeking to improve lives by transforming robotic surgery, today announced financial results for the quarter and full year ended December 31, 2024. Management will host a corresponding conference call at 4:30 p.m. ET today, March 17, 2025.

Today, Domo (Nasdaq: DOMO) announced the lineup for Domopalooza 2025, the AI + Data conference, featuring basketball Hall of Famer Shaquille O’Neal, bestselling author Vanessa Van Edwards, and leaders from some of the largest brands in the world. Taking place from Tuesday, March 18, through Friday, March 21, in Salt Lake City, Utah, this year’s event will gather the brightest minds in data and AI to explore new ways to simplify, automate, and scale how businesses work with Domo.

Atlassian Corporation (NASDAQTEAM), a leading provider of team collaboration and productivity software, today announced that Atlassian Government Cloud has received Federal Risk and Authorization Management Program (FedRAMP) authorization at the Moderate level. FedRAMP is a U.S. government program that promotes the adoption of cloud technologies across the federal government by providing a standardized approach to validating security and risk controls for cloud-based products and services.

WSFS Financial Corporation (NASDAQWSFS), the parent company of WSFS Bank, announced today that it has called the $70 million of fixed-to-floating rate subordinated notes due 2027 (the 2027 Notes) acquired from Bryn Mawr Trust. The 2027 Notes were repaid using operating cash flows of the Company.

National Vision Holdings, Inc. (NASDAQEYE) (“National Vision” or the “Company”) today announced the appointment of two new independent directors, Jim McGrann and Michael Nicholson to its Board of Directors (the “Board”), effective March 17, 2025. Mr. McGrann will serve on the Board’s Compensation Committee and Mr. Nicholson will serve on the Board’s Audit Committee and Nominating and Corporate Governance Committee. With the addition of Messrs. McGrann and Nicholson, the Board will expand from 9 to 11 members. The Board has also formed an Advisory Committee that will help oversee National Vision’s ongoing transformation initiatives with the help of the Company’s consultant. The committee will be comprised of two existing National Vision directors, Randy Peeler and Susan Johnson, as well as Messrs. McGrann and Nicholson.

MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced that its Board of Directors has authorized a share repurchase program to buy back up to $50 million of the Company’s outstanding common stock until March 13, 2028. This is in addition to the existing share repurchase authorization approved in April 2023, under which approximately $21 million remained available for repurchases as of December 29, 2024, and is set to expire on April 23, 2025.

BrightSpire Capital, Inc. (NYSEBRSP) (“BrightSpire Capital” or the “Company”) today announced that the Company’s Board of Directors has declared a dividend of $0.16 per share of Class A common stock for the quarter ending March 31, 2025. The dividend is payable on April 15, 2025 to stockholders of record as of March 31, 2025.

PURE Bioscience, Inc. (OTCQB: PURE) (“PURE,” the “Company” or “we”), creator of the patented non-toxic silver dihydrogen citrate (SDC) antimicrobial, today reported financial results for the fiscal second quarter ended January 31, 2025.

Contineum Therapeutics, Inc. (NASDAQCTNM) (Contineum or the Company), a clinical-stage biopharmaceutical company pioneering differentiated therapies for the treatment of neuroscience, inflammation and immunology (NI&I) indications, today announced the appointment of Diego Miralles, M.D. as a member of its board of directors, effective March 14, 2025.

Harrow (Nasdaq: HROW), a leading North American eyecare pharmaceutical company, today announced unaudited preliminary financial results for the fourth quarter and year ended December 31, 2024, as well as revenue guidance for 2025. Although Harrow was initially scheduled to release its audited financial results today, the Company’s new independent auditor requires additional time to audit Harrow’s financial presentation. As a result, Harrow is delaying its earnings release, conference call and Annual Report on Form 10-K filing. The change in the date of the filing of the Form 10-K is not related to any disagreements on accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

Quanterix Corporation (NASDAQQTRX), a company fueling scientific discovery through ultra-sensitive biomarker detection, today announced financial results for the fourth quarter ended December 31, 2024.

Dynex Capital, Inc. (NYSEDX) announced today that the Company’s Board of Directors has declared the dividend on shares of its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock NYSE: DXPRCNYSEDXPRC)

Adagio Medical Holdings, Inc. (Nasdaq: ADGM; the “Company”), a leading innovator in catheter ablation technologies, provided updates today on the progress in its streamlined focus on leadership in ventricular tachycardia (“VT”) solutions.

Sangamo Therapeutics, Inc. (Nasdaq: SGMO), a genomic medicine company, today reported recent business highlights and fourth quarter and full year 2024 financial results.

Scale Asia Ventures (SAV) Founding Partner Wally Wang spoke at the AVCJ Private Equity Forum 2024, joining investment leaders from Carlyle, Warburg Pincus, Apollo, and other top global firms to discuss AI investment trends and corporate LP expansion in Asia.

Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Bitfarms (NASDAQBITF) resulting from allegations that Bitfarms may have issued materially misleading business information to the investing public.

Kent Lake PR LLC (“Kent Lake”) is a holder of 7.47% of the outstanding common stock of Quanterix Corporation (“Quanterix” or the “Company”) (NASDAQQTRX). Kent Lake has previously issued a public presentation detailing its opposition to the Company’s proposed transaction (the “Transaction”) with Akoya Biosciences (“Akoya”) NASDAQ: AKYANASDAQAKYA)

Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Skyworks Solutions, Inc. (“Skyworks” or “the Company”) (NASDAQSWKS) and certain of its officers.

Bettr, a leading AI-driven lending business under Ant International, today announced its official launch in Brazil to expand small and medium-sized enterprise (SME) lending to support local and regional economic development by working with local partners. As a first move, it formed a strategic partnership with AliExpress to bring a new financing solution, Bettr Working Capital, to local merchants operating on AliExpress. This enables simple and streamlined access to working capital and supports business expansion in one of the world’s fastest-developing e-commerce markets.

KBRA assigns a long-term rating of AAA with a Stable Outlook to the Dormitory Authority of the State of New York (DASNY) State Personal Income Tax Revenue Bonds (General Purpose) Series 2025A (Tax-Exempt) and State Personal Income Tax Revenue Bonds (General Purpose) Series 2025B (Federally Taxable). Concurrently, KBRA affirms the AAA rating and Stable Outlook on outstanding DASNY State Personal Income Tax Revenue Bonds (General Purpose).

Our physical world is converging with its digital extension. mimik is where the new worlds converge!

World Liberty Financial, Inc. (“WLFI”), the developer of a pioneering DeFi protocol and governance platform inspired by Donald J. Trump, has made history with the completion of the second set of its token sales, totaling $550 million in gross proceeds in concurrent U.S. and non-U.S. token offerings.

Sapore, a vibrant and welcoming new Italian kitchen, is now open at Rivers Casino Philadelphia, offering guests a cozy dining experience with a menu that blends traditional flavors, modern twists and handcrafted cocktails.

RevBio, Inc., announced that it has received regulatory and ethics committee approvals in multiple European countries to conduct its pivotal clinical trial for its dental implant stabilization product. The successful completion of this pivotal clinical trial will result in the CE marking approval for the product, which will allow the company to begin commercial sales in Europe. As of the date of this press release, the company has already enrolled 30 of an expected 75 patients in this clinical trial.

Emerald Holding, Inc. (NYSEEEX) ("Emerald" or the "Company") announced its acquisition of all assets of Insurtech Insights, a London-based company that serves the growing insurance technology community. Insurtech Insights produces leading conferences across Europe, Asia, and the U.S., serving as a premier platform for networking, education, and innovation in insurance.

EGRE, an adaptive reuse and renewal company specializing in transforming older or distressed assets into newer modern affordable residential communities, has announced today their inaugural affordable independent living project: the acquisition of a Senior Living complex in Fort Worth, TX with a total of 140 units available.

CEL-SCI Corporation (“CEL-SCI” or the “Company”) (NYSE American: CVM), a Phase 3 cancer immunotherapy company, today announced the pricing of a best-efforts offering of 16,000,000 shares of its common stock (or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof). Total gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be approximately $2,560,000. The offering is expected to close on March 18, 2025, subject to satisfaction of customary closing conditions.

Emerald Holding, Inc (NYSEEEX) ("Emerald" or the "Company") announced its agreement to acquire the London-based This is Beyond, a leading producer of seven premier business-to-business (B2B) events in the experiential and luxury travel industry. The acquisition, which is expected to close in the second quarter, aligns with Emerald's strategic plan to diversify and optimize its portfolio by targeting high-growth markets with leading brands, reinforcing its leadership in dynamic sectors and driving forward its strategic growth initiatives.