CHARLOTTE

FG Acquisition Corp. Announces Proposed Acquisition of Strong/MDI Screen Systems, Inc. and launch of Saltire Holdings, Ltd.

Retrieved on: 
Friday, May 3, 2024
LLP, Investment, Risk, WLG, Disclosure, Prospectus, Meeting, IMAX, Hand, TSX, Tax, Goodmans, SGE, AMC, Projection, System, Multilateral, Management, Cinemark Theatres, IPO, Purchasing, MDI, Minority, Government, Risk assessment, Sale, Acquisition, Quality control, Indian stock exchange, Sponsor, Toronto Stock Exchange, Growth, Security (finance)

TORONTO, May 03, 2024 (GLOBE NEWSWIRE) -- FG Acquisition Corp. (TSX: FGAA.U, FGAA.WT.U) (“FGAC” or the “Corporation”), a special purpose acquisition company, and Strong Global Entertainment, Inc. (NYSE: SGE) (“Strong Global”) are pleased to announce the proposed acquisition (the “MDI Acquisition”) of Strong/MDI Screen Systems, Inc. (“MDI”) by FGAC, pursuant to an acquisition agreement (the “Acquisition Agreement”) dated May 3, 2024 between FGAC, Strong Global, MDI, FGAC Investors LLC and CG Investments VII Inc (together with FGAC Investors LLC, the “Sponsors”). The MDI Acquisition, together with the launch of FGAC’s new investment platform, will constitute FGAC’s qualifying acquisition.

Key Points: 
  • The MDI Acquisition, together with the launch of FGAC’s new investment platform, will constitute FGAC’s qualifying acquisition.
  • In connection with the closing of the MDI Acquisition (“Closing”), the Corporation intends to rename itself Saltire Holdings, Ltd. (“Saltire”).
  • This platform will aim to benefit both business owners and investors seeking a differentiated long-term platform”, commented Andrew Clark, proposed Chief Executive Officer of Saltire Partners, Inc.
  • In connection with the proposed Qualifying Acquisition, the Corporation will call a special meeting of the shareholders of the Corporation (the “Meeting”).

Charlotte Regional Business Alliance names Andrea B. Smith as interim CEO and announces search partner

Retrieved on: 
Friday, May 3, 2024
Organization, Woman, Queen's University, CLT, Citizenship, Medicaid, Bank of America, Smith, American Banker, Bank, Executive Committee, Commerce, Greater, Carolinas, Multimedia, Quality of life, Growth, Management

CHARLOTTE, N.C., May 3, 2024 /PRNewswire/ -- The board of the Charlotte Regional Business Alliance has named Andrea B. Smith interim President and CEO.

Key Points: 
  • CHARLOTTE, N.C., May 3, 2024 /PRNewswire/ -- The board of the Charlotte Regional Business Alliance has named Andrea B. Smith interim President and CEO.
  • Smith is regarded in the Charlotte community as a top business executive, a community leader, and a philanthropist.
  • The CLT Alliance also announced that Thaddeus Jones, the Founder and Managing Partner of Nexus Search Partners, has been retained to conduct the search for the organization's full-time President and CEO.
  • In addition to announcing the interim CEO, the CLT Alliance has retained Thaddeus Jones, the founder of Charlotte-based executive search and advisory firm, Nexus Search Partners, to conduct the search for a permanent president and CEO.

Truist survey shows small business owners focused on short-term challenges at the expense of long-term planning

Retrieved on: 
Wednesday, May 1, 2024
Small business, Investment, Truist, City, Hand, Research, Insomnia, Life, Mental health, Optimism, Interface (computing), Marketing, Feedback, Advertising, Anxiety, Lawyer, Growth, Cryptocurrency

CHARLOTTE, N.C., May 1, 2024 /PRNewswire/ -- Following another year of inflation and economic uncertainty, small business owners are focused on short-term challenges to stay afloat while putting long-term strategy and planning on hold, according to Truist's annual Small Business Pulse Survey1. While reporting higher levels of stress than in previous years, they're optimistic about growth in 2024 and expect their business conditions to improve.

Key Points: 
  • "Running a small business is no small feat, which is why at Truist we're focused on caring for our small business owners so they can continue doing what they do best."
  • "When small business owners look to the future, having a trusted financial partner that understands their goals and business plan can help them through the challenges and opportunities ahead."
  • In response, 78% of small business owners report taking action to retain employees, including:
    Between small business owners taking actionable steps and inflation beginning to cool, 55% of small business owners report that they're feeling somewhat or much better about their financial well-being compared to a year ago and are expressing increased optimism around business growth conditions for the coming year with:
    53% of small business owners believing conditions have significantly/somewhat improved since a year ago, and
    62% of small business owners expecting conditions to improve significantly/somewhat for the upcoming year.
  • Of the 60% of small business owners that currently use AI applications for their businesses, (27%) report leveraging this technology for marketing purposes.

Passport's Digital Enforcement Solution Helps Cities Improve Payment Compliance and Recover Revenue

Retrieved on: 
Monday, April 29, 2024
City, Weather, Congestion, Collection, Transport, Digital, Economic development, Pedestrian, LPR, GPS, Cryptocurrency

CHARLOTTE, N.C., April 29, 2024 /PRNewswire-PRWeb/ -- Passport, the leader in curb management solutions, is highlighting the growing demand for its Digital Enforcement Solution, which empowers cities to easily and effectively manage parking, make data-informed decisions, and maintain compliance. Passport's real-time enforcement technology software and integrated solution enable holistic parking management to provide cities with the ability to adapt to changing needs while driving compliance. In just the last 12 months, more than 20 cities nationwide have launched Passport enforcement, including Tampa, FL, Dallas, TX, Jackson, MS; and the City of Lebanon, OH, to include the spectrum of enforcement offerings from ticket issuance through collections.

Key Points: 
  • Passport's real-time enforcement technology software and integrated solution enable holistic parking management to provide cities with the ability to adapt to changing needs while driving compliance.
  • "The reality is that the processes and technology underpinning parking enforcement are the backbone of an effective parking management program.
  • Ticket issuance and enforcement technology deliver critical data on parking behavior, occupancy rates, signage, communication efficacy, customer experience, and compliance trends.
  • With Passport's enforcement capabilities, the City of Clayton has seen a significant increase in parking compliance and punitive revenue recovery.

Truist launches "Truist Life, Money, and Choices™" financial education program for high school and college students

Retrieved on: 
Monday, April 29, 2024
Magnet, Pet, Truist Financial, School, Health, Hand, Wellness, Hobby, Life Happens, TFC, Student, Organization, Knowledge

CHARLOTTE, N.C., April 29, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) is proud to announce the launch of Truist Life, Money, and Choices™ – its new financial education program for community organizations tailored specifically for high school and college students. This initiative is aimed at empowering younger generations with financial lessons and essential skills to navigate their financial futures.

Key Points: 
  • Immersive experience designed to provide participants with realistic financial scenarios, choices
    CHARLOTTE, N.C., April 29, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) is proud to announce the launch of Truist Life, Money, and Choices™ – its new financial education program for community organizations tailored specifically for high school and college students.
  • This initiative is aimed at empowering younger generations with financial lessons and essential skills to navigate their financial futures.
  • But with only 25 states requiring high school students to take a personal finance course, many young people are entering adulthood without real-world financial skills.
  • Truist Life, Money, and Choices will provide students with comprehensive resources and interactive learning opportunities designed to enhance their understanding of key financial concepts—all free through community organization partners.

SPX Technologies Reports First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Information, Capital, GAAP, Capital expenditure

CHARLOTTE, N.C., May 02, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the first quarter ended March 30, 2024.

Key Points: 
  • Segment income in the first quarter of 2024 was $68.4 million, or 22.6% of revenue.
  • Segment income for the first quarter of 2024 was $31.4 million, or 19.3% of revenue.
  • Financial Update: As of March 30, 2024, SPX Technologies had total outstanding debt of $854.4 million and total cash of $105.5 million.
  • During the first quarter of 2024, SPX’s net operating cash from continuing operations totaled $10.7 million.

Terrestrial Energy and Schneider Electric to Collaborate on Baseload Zero-Carbon Energy Solutions for Industrial Facilities and Large Data Centers

Retrieved on: 
Wednesday, April 24, 2024
MOU, Schneider Electric, Power plant engineering, Hydrogen, Terrestrial Energy, Partnership, Carbon, Fourth generation, Plant, IMSR, Nuclear energy, Automation, Ammonia, Digital twin, Grid Systems, Aluminium, Integral Molten Salt Reactor, Generation, CNSC, Renewable energy

Terrestrial Energy’s IMSR plant is designed to be small and modular for swift construction, scalable deployment, and to achieve transformative improvements in nuclear energy economics.

Key Points: 
  • Terrestrial Energy’s IMSR plant is designed to be small and modular for swift construction, scalable deployment, and to achieve transformative improvements in nuclear energy economics.
  • Its heat and power supply has many industrial uses that require reliable, baseload zero-carbon energy supply at near-site locations, such as dedicated power for large data centers and cogeneration for heavy industrial facilities.
  • Schneider Electric systems automate and optimize energy management for improved performance, efficiency, and contribute to the commercial and sustainability goals of its customers.
  • This collaboration offers solutions to the major energy challenges faced by data center operators and many heavy industries operating a wide range of industrial processes such as hydrogen, ammonia, aluminum, and steel production.

NN, Inc. to Hold First Quarter 2024 Earnings Conference Call on Tuesday, May 7, 2024

Retrieved on: 
Wednesday, April 24, 2024
NN, Webcast

The company will hold a related conference call on Tuesday, May 7, 2024, at 9 a.m. E.T.

Key Points: 
  • The company will hold a related conference call on Tuesday, May 7, 2024, at 9 a.m. E.T.
  • The conference call will be webcast simultaneously and in its entirety through the NN, Inc. Investor Relations website.
  • Shareholders, media representatives and others may participate in the webcast by registering through the Investor Relations section on the company’s website at https://investors.nninc.com/ .
  • For those who are unavailable to listen to the live call, a replay will be available shortly after the call on NN’s website through May 7, 2025.

Snap One Holdings Corp. to Report Fiscal First Quarter 2024 Financial Results on Tuesday, May 7, 2024

Retrieved on: 
Tuesday, April 23, 2024
Acquisition

CHARLOTTE, N.C., April 23, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (Nasdaq: SNPO) (“Snap One” or the “Company”), an industry-leading provider of smart-living technology for professionals and consumers, will issue its financial results for the fiscal first quarter ended March 29, 2024 via press release after market close on Tuesday, May 7, 2024.

Key Points: 
  • CHARLOTTE, N.C., April 23, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (Nasdaq: SNPO) (“Snap One” or the “Company”), an industry-leading provider of smart-living technology for professionals and consumers, will issue its financial results for the fiscal first quarter ended March 29, 2024 via press release after market close on Tuesday, May 7, 2024.
  • As a result of the Company’s pending acquisition by Resideo Technologies, Inc. announced on April 15, 2024, Snap One will be foregoing its customary conference call.
  • The Company still expects to provide timely SEC filings, including its Quarterly Report on Form 10-Q, as well as other required disclosures.

Coca-Cola Consolidated, Inc. To Release First Quarter 2024 Results

Retrieved on: 
Wednesday, April 17, 2024
COKE, News, Coca-Cola Consolidated

CHARLOTTE, N.C., April 17, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) will issue a news release after the market closes on May 6, 2024 to announce its operating results for the first quarter ended March 29, 2024.

Key Points: 

CHARLOTTE, N.C., April 17, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) will issue a news release after the market closes on May 6, 2024 to announce its operating results for the first quarter ended March 29, 2024.