Regulation

Ferrari Announces Voting Results From Its Annual General Meeting

Retrieved on: 
Wednesday, April 17, 2024
Flood, Pandemic, Nature, Weather, European Central Bank, Earthquake, Regulation, Policy, Legislation, Remuneration, Hamas, EXM, AGM, Management

Maranello (Italy), 17 April 2024 - Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/EXM: RACE) announced today that all resolutions proposed to Shareholders at the Ferrari’s Annual General Meeting of Shareholders (the “AGM”) held today in Amsterdam, the Netherlands, were passed.

Key Points: 
  • Maranello (Italy), 17 April 2024 - Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/EXM: RACE) announced today that all resolutions proposed to Shareholders at the Ferrari’s Annual General Meeting of Shareholders (the “AGM”) held today in Amsterdam, the Netherlands, were passed.
  • The outstanding common shares will be quoted ex-dividend from April 22, 2024.
  • John Elkann and Benedetto Vigna were elected as executive directors of Ferrari.
  • Piero Ferrari, Delphine Arnault, Francesca Bellettini, Eduardo H. Cue, Sergio Duca, John Galantic, Maria Patrizia Grieco, Adam Keswick and Michelangelo Volpi were elected as non-executive directors of Ferrari.

Contango Announces Acquisition of HighGold

Retrieved on: 
Thursday, May 2, 2024
Natural Resources, Other Natural Resources, Mining, Minerals, LLP, Risk, Par value, Blake, Cassels & Graydon, Contango, Partnership, Transaction, EST, Holland & Knight, Meeting, News, Gold, VWAP, Agreement, CIRI, Native, Alaska Native corporation, National instrument, PST, Organization, OTCQX, DSO, Senior, 100.9 ZZZ FM, Regulation, Growth

Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock (each whole share, a “Contango Share”) (the “Exchange Ratio”) based on the respective volume weighted average price (“VWAP”) of Contango for the five-day period ending on May 1, 2024.

Key Points: 
  • Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock (each whole share, a “Contango Share”) (the “Exchange Ratio”) based on the respective volume weighted average price (“VWAP”) of Contango for the five-day period ending on May 1, 2024.
  • Upon completion of the Transaction, existing Contango shareholders will own approximately 85% and HighGold shareholders will own approximately 15% of the combined company3.
  • In connection with the Transaction, Contango will grant to HighGold the right to appoint one (1) director to its board of directors.
  • Participants may join the webcast using the following call-in details: Contango ORE Announces Acquisition of HighGold (6ix.com)
    Creation of a leading Alaskan gold company with a low-risk and properly sequenced portfolio – Manh Choh is Alaska’s next gold mine with first gold pour expected in the second half of 2024.

Novocure Reports First Quarter 2024 Financial Results

Retrieved on: 
Thursday, May 2, 2024
Science, Biotechnology, Research, Pharmaceutical, Oncology, Health, FDA, Clinical Trials, METIS, Congress, Cancer, Paclitaxel, EDT, Investment, Temozolomide, Food, Survival, Gynaecology, Immunotherapy, Lung cancer, Partnership, GBM, Webcast, Glioblastoma, Disclosure, IND, Prescription, ASCO, Regulation Fair Disclosure, Patient, Brain, Society, Loss, Regulation, PLD, Marketing, Clinical trial, NSCLC, PMA, Investigational New Drug, Pharmaceutical industry

Novocure (NASDAQ: NVCR) today reported financial results for the quarter ended March 31, 2024.

Key Points: 
  • Novocure (NASDAQ: NVCR) today reported financial results for the quarter ended March 31, 2024.
  • Research, development, and clinical studies expenses for the quarter were $51.6 million, a decrease of 14% from the same period in 2023.
  • Sales and marketing expenses for the quarter were $55.2 million, an increase of 8% compared to the same period in 2023.
  • Novocure will host a conference call and webcast to discuss first quarter 2024 financial results at 8:00 a.m. EDT today, Thursday, May 2, 2024.

American Water Reports Solid First Quarter 2024 Results; Affirms 2024 EPS Guidance and Long-Term Growth Targets

Retrieved on: 
Wednesday, May 1, 2024
Utilities, Energy, American Water, Sale, PFAS, Investment, HOS, Security (finance), Water, American Water Works, Regulation Fair Disclosure, FD, Acquisition, EPS, Regulation, Interest

American Water Works Company, Inc. (NYSE: AWK) today reported results for the quarter ended March 31, 2024, of $0.95 per share, compared to $0.91 per share for the same quarter in 2023.

Key Points: 
  • American Water Works Company, Inc. (NYSE: AWK) today reported results for the quarter ended March 31, 2024, of $0.95 per share, compared to $0.91 per share for the same quarter in 2023.
  • “We are off to a solid start to 2024 as we continue to execute on our regulated strategy,” said M. Susan Hardwick, president and CEO of American Water.
  • The Company also affirms its long-term financial targets, including its long-term EPS and dividend growth rate targets of 7-9%.
  • The conference call to discuss first quarter 2024 earnings, 2024 earnings guidance, and long-term targets will take place on Thursday, May 2, 2024, at 9 a.m. Eastern Daylight Time.

Office Properties Income Trust Announces Private Exchange Offers Relating to Existing Unsecured Senior Notes

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, REIT, Sale, Exchange offer, OPI, Settlement date, Depreciation, Security (finance), Exchange, Expiration, Circular reference, Information, Regulation, Letter, GAAP, ATTN:, Note

An Eligible Holder (as defined below) must tender all of its Existing 2025 Notes in the Exchange Offers in order to participate in the Exchange Offers.

Key Points: 
  • An Eligible Holder (as defined below) must tender all of its Existing 2025 Notes in the Exchange Offers in order to participate in the Exchange Offers.
  • An Eligible Holder may withdraw Existing 2025 Notes from an Exchange Offer only if it validly withdraws all its Existing 2025 Notes from such Exchange Offer and also validly withdraws its tender of all other Existing Notes from the applicable Exchange Offers.
  • Holders of Existing Notes who wish to receive a copy of the eligibility letters for the Exchange Offers may contact the information and exchange agent, D.F.
  • The Existing Notes that are not exchanged will continue to be outstanding in accordance with all other terms of the Existing Notes and the indentures governing such Existing Notes.

Tetra Tech Reports Record Second Quarter Results and Raises Full Fiscal Year Guidance

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Public Policy, Government, Science, Other Natural Resources, Data Analytics, Natural Resources, Utilities, Climate Change, Engineering, Energy, Research, White House, Federal Government, State, Local, Manufacturing, Sustainability, Environment, Consulting, Tetra, United Nations, Table, Corps, PFAS, Army, UN, Global Compact, Water, Webcast, GSG, United, CIG, Groundwater, Tetra Tech, Pond, EPS, Regulation, Share repurchase, Global warming potential, GAAP, Growth, Y/Y, Ecosystem

Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, today announced results for its second quarter ended March 31, 2024.

Key Points: 
  • Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, today announced results for its second quarter ended March 31, 2024.
  • Dan Batrack, Chairman and CEO, commented, “Tetra Tech continued our strong performance through the second quarter, including the expansion of our margins in GSG by 170 basis points and CIG by 320 basis points over the second quarter of last year.
  • With increased profitability and record second quarter backlog, we are raising our full year guidance for net revenue and earnings, which represents forecasted EPS growth of 22% for fiscal 2024.
  • For fiscal 2024, Tetra Tech is raising EPS guidance to range from $6.15 to $6.25 and is raising net revenue guidance to range from $4.21 billion to $4.31 billion2.

Chia Network CEO Gene Hoffman to Speak at Dubai Fintech Summit

Retrieved on: 
Wednesday, May 1, 2024
Banking, Technology, Professional Services, Electronic Commerce, Blockchain, Digital Cash Management, Digital Assets, Artificial Intelligence, Cryptocurrency, Internet, Fintech, Finance, BitTorrent, IOTA, Consensus, Bitcoin, Decentralized finance, Dubai International Airport, Decentralization, Proof of space, Chia (cryptocurrency), Artificial intelligence, Upbit, Entrepreneurship, Future, National bank, Regulation, Work, CIO, Oesterreichische Nationalbank

Chia Network Inc. ("Chia" or the "Company"), founded by Bram Cohen, inventor of BitTorrent, to provide an open-source, public blockchain built for enterprise solutions, today announced its CEO Gene Hoffman will speak at the second annual Dubai Fintech Summit in Madinat Jumeirah, Dubai, on May 7, 2024.

Key Points: 
  • Chia Network Inc. ("Chia" or the "Company"), founded by Bram Cohen, inventor of BitTorrent, to provide an open-source, public blockchain built for enterprise solutions, today announced its CEO Gene Hoffman will speak at the second annual Dubai Fintech Summit in Madinat Jumeirah, Dubai, on May 7, 2024.
  • He will also be participating in a second panel titled, “Crypto: Navigating The Frontier Of Finance,” focused on the future of finance as it relates to the fintech applications of digital assets.
  • Organized by the Dubai International Financial Centre (“DIFC”), the summit will focus on pioneering fintech’s future leveraging digital assets and artificial intelligence.
  • Chia Network built a better blockchain to drive real-world use and application.

Six Flags Announces Closing of Offering of $850 Million of 6.625% Senior Secured Notes due 2032

Retrieved on: 
Thursday, May 2, 2024
Tourist Attractions, Theme Parks, Other Entertainment, Entertainment, Travel, Sale, SFTP, Plan, Water, Public expenditure, Senior, Cedar Fair, Regulation, Mergers and acquisitions, Person, Note

Pursuant to the Merger Agreement, Cedar Fair and Six Flags will each merge with and into HoldCo, with HoldCo continuing as the surviving entity.

Key Points: 
  • Pursuant to the Merger Agreement, Cedar Fair and Six Flags will each merge with and into HoldCo, with HoldCo continuing as the surviving entity.
  • This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security.
  • No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
  • Any offers of the Notes will be made only by means of a private offering memorandum.

Pinterest Announces First Quarter 2024 Results, Reports 23% Revenue Growth and More Than Half A Billion Monthly Active Users

Retrieved on: 
Tuesday, April 30, 2024
Online Retail, Advertising, Retail, Communications, Social Media, Technology, Internet, Disclosure, GAAP, Regulation Fair Disclosure, Webcast, Regulation

For Q2 2024, we expect revenue to be in the range of $835 million to $850 million, representing 18-20% growth year over year.

Key Points: 
  • For Q2 2024, we expect revenue to be in the range of $835 million to $850 million, representing 18-20% growth year over year.
  • We expect Q2 2024 Non-GAAP operating expenses* to be in the range of $490 million to $505 million, representing 11-15% growth year over year.
  • Please note that our operating expense guidance does not include cost of revenue.
  • A live audio webcast of our first quarter 2024 earnings release call will be available at investor.pinterestinc.com.

Piedmont Lithium Announces Q1’24 North American Lithium Production Results

Retrieved on: 
Tuesday, April 30, 2024
EV, Electric Vehicles, Automotive, General Automotive, Chemicals, Plastics, Alternative Energy, Manufacturing, Other Natural Resources, Energy, Mining, Minerals, Natural Resources, Lithium, Safety, NAL, Piedmont Lithium, N,N-Dimethyltryptamine, AIM, ASX, Transport, Regulation, ALL, PLL, Disclosure

Notably, March 2024 was a record production month at NAL with 15,699 dmt of spodumene concentrate produced and three daily production records set between 710 dmt and 750 dmt.

Key Points: 
  • Notably, March 2024 was a record production month at NAL with 15,699 dmt of spodumene concentrate produced and three daily production records set between 710 dmt and 750 dmt.
  • This capital project is expected to result in continued improvements in mill utilization and further increases in quarterly production levels.
  • We are pleased to see production continue to set quarterly records and hopeful that NAL will hit steady-state production targets with the commissioning of the crushed ore dome,” said Keith Phillips, President and CEO of Piedmont Lithium.
  • The following disclosures are not statements of Piedmont and have not been independently verified by Piedmont.