NewsRoom Articles - Page 1397 of 1405

TuesdayAug 23, 2016 12:37 pm

Greek Blank Check Company Stellar Acquisition III (STLRU) Announces $65 Million IPO

On Friday, August 19, Stellar Acquisition III, Inc. (NASDAQ: STLRU), a Greece-based blank check company, also commonly referred to as a special purpose acquisition company, announced an initial public offering of $65 million, accounting for 6.5 million units at $10 each. One unit consists of one company share and one warrant allowing the holder to purchase common stock at $11.50 per share. The company had initially planned to offer eight million shares at $10 each, but reconsidered earlier last week. The new IPO is expected to raise up to 19% less than anticipated previously, according to a Renaissance Capital report…

MondayAug 22, 2016 1:27 pm

CIFC LLC (CIFC) to be Acquired by F.A.B. Partners for $333 Million

On Friday August 19, 2016, CIFC Asset Management (NASDAQ: CIFC), a large U.S. private debt investment manager, and F.A.B. Partners, an alternative investment platform, announced that F.A.B. will acquire CIFC for approximately $333 million in cash. The transaction, which is subject to approval by the shareholders of CIFC and regulators, is expected to be completed by year’s end. The merger comes just months before the new risk retention rules for collateralized loan obligations (“CLOs”) under Dodd-Frank take effect on December 24, 2016. The new rules require CLO managers to purchase and retain five percent of the fair value of any…

MondayAug 22, 2016 9:17 am

Endologix (ELGX) Announces First Patients Treated with Ovation Alto™ Abdominal Stent Graft System

Endologix, Inc. (NASDAQ: ELGX) is one of the best known developers and marketers of unique treatments for aortic disorders. The company recently announced that the first two patients with abdominal aortic aneurysms (AAA) were treated with the Ovation Alto™ Abdominal Stent Graft System in Auckland, New Zealand. Andrew Hill, MD, and Andrew Holden, MD, of Auckland City Hospital treated the two patients. Ovation Alto is part of the abdominal graft systems. The device was introduced to the market very recently and has been added to the Ovation® platform. Patients with complicated AAAs have been added to the Ovation Alto, expanding…

FridayAug 19, 2016 2:02 pm

Advaxis (ADXS) Enters $30M Definitive Securities Purchase Agreement with Healthcare Specialist Investors

Advaxis, Inc. (NASDAQ: ADXS), a Princeton-based biotechnology company focused on the development of cancer immunotherapies, recently announced that it has entered into direct placement financing with healthcare specialist investors worth around $30 million. Advaxis will be selling 2.2 million shares of its common stock at $13.50 per share. Advaxis is offering these shares pursuant to a shelf registration statement on Form S-3 (File No. 333-203497) that, on April 27, 2015, the Securities and Exchange Commission (SEC) deemed effective. Jefferies LLC and Barclays Capital, Inc. are the companies acting as the lead intermediaries, with Cantor Fitzgerald & Co. and Guggenheim Securities,…

FridayAug 19, 2016 1:39 pm

eXp World Holdings, Inc. (EXPI) Launches Real Estate Operations in Alaska

Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI) announced the commencement of real estate brokerage operations in Alaska. Following this announcement, the company’s real estate brokerage division, eXp Realty, is now operational in 41 states across the country, as well as Alberta, Canada, and the District of Columbia. To date, the Agent-Owned Cloud Brokerage™ has attracted more than 1,500 of North America’s leading agents and brokers by leveraging an aggressive revenue sharing program and a host of collaborative tools made available through a unique, fully-immersive cloud training environment. The company’s brokerage operations in Alaska will be overseen by Brandon Tatum…

FridayAug 19, 2016 9:31 am

Sky Solar Holdings, Ltd. (SKYS) Announces Letter of Intent to Sell Assets Held by Japanese Subsidiary

In a recent news release, Sky Solar Holdings, Ltd. (NASDAQ: SKYS), a leading global developer and operator of solar parks, announced its entry into a letter of intent with Solar Partnership Capital Ltd. (“SPC”) through which the latter intends to acquire interests in 152 MW of solar projects from Sky Solar Japan K.K. (“SSJ”). All related projects are classified as operating stage, under-construction, or ‘shovel-ready’. According to the terms of the agreement, SPC has agreed to assume a collection of specified liabilities associated with the SSJ solar projects in exchange for a total purchase price of roughly $165 million. Proceeds…

ThursdayAug 18, 2016 1:04 pm

Fuel Tech, Inc. (FTEK) Tech Marketing/Supply Deals Enhance Emission Control Systems Portfolio

For a developer of proprietary, state-of-the-art, multi-pollutant control technologies such as Illinois-headquartered Fuel Tech (NASDAQ: FTEK), which has a footprint spanning the gamut from air pollution control (APC) and combustion efficiency, to process optimization and advanced engineering services (like boiler tuning or selective catalytic reduction optimization) – staying ahead of the regulatory game has become second nature. Utility and industrial customers have grown to rely on the Fuel Tech name when it comes to tackling increasingly stringent emission requirements, whether we are talking NOx (nitrogen oxides) control in combustion systems, or pollutants such as mercury. Much of the company’s prowess…

ThursdayAug 18, 2016 12:41 pm

Monaker Group, Inc. (MKGI) Announces Launch of Premium Service for Property Owners

Earlier today, Monaker Group, Inc. (OTCQB: MKGI) announced the launch of its new Premium Service for owners of alternative lodging listings, which is designed to even the playing field between homeowners and travel industry suppliers. According to the news release, major travel industry suppliers – including airlines, hotels and car rental companies – employ cutting-edge tools that allow them to actively manage their rates on a minute-by-minute basis in order to react to competitive pricing, utilization and other market conditions. As a result, these suppliers are able to efficiently maximize revenues. Using Monaker’s Premium Service, individual property owners can enjoy…

ThursdayAug 18, 2016 9:12 am

Radius Health, Inc. (RDUS) Announces Positive Results of Phase 3 ACTIVE Trial Published in JAMA

Radius Health, Inc. (NASDAQ: RDUS), a biopharmaceutical company committed to developing unique therapeutics in osteoporosis, oncology, and endocrine diseases, recently announced that the positive results of it phase 3 ACTIVE trial were published in the Journal of the American Medical Association (JAMA). ACTIVE stands for Abaloparatide Comparator Trial InVertebral Endpoints. Abaloparatide is a drug being trialed for the treatment of postmenopausal women with osteoporosis. The trial involved 2,463 patients and was put in place to establish whether or not the drug was both safe and efficient. In a news release, Dr. Paul Miller, medical director of the Colorado Center for…

WednesdayAug 17, 2016 3:49 pm

Mondelez International, Inc. (MDLZ) Enters Licensing Agreement for Cadbury-Branded Biscuits

In a recent news release, Mondelez International, Inc. (NASDAQ: MDLZ), a global snacking powerhouse, announced an agreement with Burton’s Biscuit Company that will, pending regulatory approval, enable the company to manufacture, market and sell Cadbury-branded biscuits in a number of international markets, including the UK, France, Ireland, North America and Saudi Arabia. This landmark announcement is expected to facilitate accelerated biscuit growth for Mondelez in key markets around the globe, providing a platform to expand upon its position as a world leader in biscuits and chocolate. “Ownership of the Cadbury biscuits license offers us exciting opportunities to accelerate global growth…

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