Foreign investment

GAN Reports First Quarter 2024 Financial Results

Retrieved on: 
Donnerstag, Mai 9, 2024
Internet, General Entertainment, Technology, Entertainment, Software, GAN, Total, Foreign investment, Sport, Content, B2C, Acquisition, Committee, European, CFIUS, Marketing

GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the first quarter ended March 31, 2024.

Key Points: 
  • GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the first quarter ended March 31, 2024.
  • We continue to expect the transaction to close in late 2024 or early 2025."
  • Cash was $36.6 million as of March 31, 2024, versus $38.6 million as of December 31, 2023.
  • B2B Gross Operator Revenue (“GOR”) totaled $632.0 million versus $422.8 million in the prior year quarter, a 49% increase.

Identiv Reports First Quarter 2024 Financial Results

Retrieved on: 
Mittwoch, Mai 8, 2024
Software, Networks, Internet, Audio, Video, Data Management, Technology, IOT (Internet of Things), Security, Online, APA, Sale, Federal Trade Commission, Internet of things, FIDO, EDT, Michigan State University, RFID, Foreign investment, Premises, PDT, Research, Growth, Committee, Marketing, GAAP, Health, HSR, CFIUS, Cryptocurrency

Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), today released its financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), today released its financial results for the first quarter ended March 31, 2024.
  • Revenue for the first quarter 2024 was $22.5 million, compared to $29.0 million in the prior quarter and $26.0 million in the first quarter of 2023.
  • Non-GAAP operating expenses were $10.4 million in the first quarter of 2024, compared to $9.8 million in the prior quarter and $10.6 million in the first quarter of 2023.
  • Identiv management will hold a conference call today, May 8, 2024, at 5:00 p.m. EDT (2:00 p.m. PDT) to discuss the company’s first quarter 2024 financial results.

Vista Outdoor in Discussions with MNC Capital, Advises MNC to Increase their Offer Price

Retrieved on: 
Montag, April 22, 2024
Online Retail, Retail, Sports, Other Sports, Manufacturing, Specialty, Other Manufacturing, Vista Outdoor, LLP, Central Time, CSG, Foreign investment, MNC, Gibson Dunn, Morgan Stanley, Committee, Cravath, Swaine & Moore

Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSE: VSTO) today confirmed it is engaging in discussions with MNC Capital (“MNC”) related to its March 25, 2024 unsolicited indication of interest pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per Vista share.

Key Points: 
  • Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSE: VSTO) today confirmed it is engaging in discussions with MNC Capital (“MNC”) related to its March 25, 2024 unsolicited indication of interest pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per Vista share.
  • Michael Callahan, Chairman of the Vista Outdoor Board of Directors, said, “The Vista Outdoor Board does not consider MNC’s revised proposal to be superior to the transaction with CSG and continues to believe MNC’s proposed offer price undervalues the Revelyst business.
  • Accordingly, the Board has authorized Vista management to provide MNC with non-public information so MNC can increase its offer price.
  • Vista Outdoor notes there can be no assurance the discussions with MNC will result in either an increased offer price or any transaction with MNC.

Identiv Welcomes Kirsten Newquist as President, IoT Solutions

Retrieved on: 
Montag, April 15, 2024
Technology, Mobile, Wireless, Retail, Audio, Video, Health, Pharmaceutical, Luxury, IOT (Internet of Things), Medical Devices, Wine & Spirits, Networks, Health Technology, Hardware, Security, Federal Trade Commission, Internet of things, Avery Dennison, Wine, Foreign investment, SimEx-Iwerks, Act, Growth, Patient safety, Committee, Marketing, HSR, CFIUS, Management

Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), today announced that Kirsten Newquist, a proven corporate leader with nearly 30 years’ experience in building successful businesses, has joined the company as President, IoT Solutions.

Key Points: 
  • Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), today announced that Kirsten Newquist, a proven corporate leader with nearly 30 years’ experience in building successful businesses, has joined the company as President, IoT Solutions.
  • Ms. Newquist will assume the role of CEO of Identiv upon closing of the company’s recently announced transaction with security solutions provider Vitaprotech.
  • “I am tremendously excited to be joining Identiv’s executive team at this critical juncture in the company’s history,” said Kirsten Newquist, President, IoT Solutions at Identiv.
  • “Identiv has a unique and compelling opportunity to expand its early leadership position within the specialty IoT market.

The Czechoslovak Group Highlights the Benefits of Its Planned Acquisition of Vista Outdoor’s Sporting Products Business, The Kinetic Group

Retrieved on: 
Montag, April 8, 2024
Defense, Aerospace, Manufacturing, Military, Government Technology, Other Defense, Contracts, Kinetic, Firearm, Vista Outdoor, Growth, CFIUS, Czechoslovak Group, JPMorgan Chase, Committee, Acquisition, CCI, Foreign investment, Kinetic Group, Fiocchi Munizioni, Plant, CSG, Hart–Scott–Rodino Antitrust Improvements Act, Federal, Federal Trade Commission

CSG also highlighted the benefits of its planned Acquisition:

Key Points: 
  • CSG also highlighted the benefits of its planned Acquisition:
    “CSG is a leading industrial technology company operating across strategic business segments including defense, aerospace, ammunition and mobility.
  • We look forward to successfully closing the Acquisition of The Kinetic Group and becoming the steward of such venerable American brands as Federal, CCI and Remington.
  • CSG understands the special importance to American consumers of the brands that are part of The Kinetic Group.
  • Working alongside Vista Outdoor, we are actively engaged in the process and believe we will secure all required approvals.

Identiv Announces Asset Purchase Agreement with Security Solutions Provider Vitaprotech for $145 Million

Retrieved on: 
Mittwoch, April 3, 2024
Security, IOT (Internet of Things), Apps, Applications, Technology, Software, Internet, RFID, Avery Dennison, PDT, CFIUS, Data science, Internet of things, Physician, Patient, Committee, EDT, Sale, LLP, Foreign investment, Pillsbury Winthrop Shaw Pittman, Marketing, HSR, Federal Trade Commission, Capital Group Companies, Management

Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), has entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and assets to Vitaprotech, a security solutions provider.

Key Points: 
  • Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), has entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and assets to Vitaprotech, a security solutions provider.
  • Under the terms of the agreement, Identiv will receive a cash payment of $145 million upon closing of the transaction, subject to customary adjustments.
  • “Our globally recognized security business naturally aligns with Vitaprotech’s strategy and vision for the market, creating a world leader in enterprise security.
  • Upon closing, certain senior executives will join Vitaprotech, including Identiv CEO Steven Humphreys, at which time incoming President Kirsten Newquist will assume the role of CEO of Identiv.

CFIUS Accepts Re-filed Notice for Proposed Sale of The Kinetic Group to CSG

Retrieved on: 
Donnerstag, März 28, 2024
Other Manufacturing, Other Sports, General Sports, Sports, Other Retail, Specialty, Manufacturing, Retail, Online Retail, CFIUS, Committee, Acquisition, Foreign investment, Kinetic Group, CSG, Transaction

Vista Outdoor Inc. (“Vista Outdoor”, “we”, “us” or “our”) (NYSE: VSTO) and Czechoslovak Group a.s. (“CSG”) announced today that they have voluntarily withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (“CFIUS”) to allow CFIUS additional time to conduct diligence on the proposed acquisition by CSG of Vista Outdoor’s The Kinetic Group business (the “Transaction”).

Key Points: 
  • Vista Outdoor Inc. (“Vista Outdoor”, “we”, “us” or “our”) (NYSE: VSTO) and Czechoslovak Group a.s. (“CSG”) announced today that they have voluntarily withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (“CFIUS”) to allow CFIUS additional time to conduct diligence on the proposed acquisition by CSG of Vista Outdoor’s The Kinetic Group business (the “Transaction”).
  • CFIUS’s acceptance of the re-filed joint voluntary notice has commenced a new review period.
  • As part of its review process, CFIUS can permit parties to voluntarily withdraw and re-file to enable a complete and thorough review by CFIUS.
  • We’re pleased CFIUS accepted our re-filed notice, which will allow the work to continue.

Vista Outdoor Clears Key Milestone in Sale of The Kinetic Group to CSG and the Separation of Revelyst into a Standalone Public Company

Retrieved on: 
Freitag, März 22, 2024
Other Manufacturing, Other Consumer, Sports, Hunting, Other Retail, Manufacturing, Fishing, Consumer, Retail, Outdoors, Kinetic, Vista Outdoor, CFIUS, Form, Carolina Christian College, Committee, Sale, Acquisition, Foreign investment, Kinetic Group, Plant, CSG, Special, Central Time, Transaction, British, Register

The announcement is a key achievement in Vista Outdoor’s strategic plan to unlock value by separating its Revelyst and The Kinetic Group segments into separate companies.

Key Points: 
  • The announcement is a key achievement in Vista Outdoor’s strategic plan to unlock value by separating its Revelyst and The Kinetic Group segments into separate companies.
  • “We are excited to reach this important milestone as we position The Kinetic Group and Revelyst for long-term success,” said Michael Callahan, Chairman of the Vista Outdoor Board of Directors.
  • “We believe the proposed sale provides is the best strategic alternative to maximize value for stockholders.
  • As we look ahead to Revelyst being a standalone company post-separation, our brand-led consumer obsessed and maker-fueled culture is coming into shape.

Mustang Bio Reports Full-Year 2023 Financial Results and Recent Corporate Highlights

Retrieved on: 
Montag, März 11, 2024
Fast Track, ICT, ICV, Research, WM, Indolent lymphoma, XSCID, NHL, ASH, FDA, Birmingham School of Law, City, Cancer, DSM-IV codes, Mustang, Sale, Nature, Tocilizumab, GBM, Standard of care, Safety, Dexamethasone, Society, University, Mayo Clinic, Clinical professor, Translation, University of Washington, Foreign investment, Tumor microenvironment, Associate, CRS, Patient, Clinical trial, Disease, Survival, CFIUS, Cytokine release syndrome, Follicular lymphoma, Pharmaceutical industry

WORCESTER, Mass., March 11, 2024 (GLOBE NEWSWIRE) -- Mustang Bio, Inc. (“Mustang” or the “Company”) (Nasdaq: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for difficult-to-treat cancers and rare genetic diseases, today announced financial results and recent corporate highlights for the full-year ended December 31, 2023.

Key Points: 
  • WORCESTER, Mass., March 11, 2024 (GLOBE NEWSWIRE) -- Mustang Bio, Inc. (“Mustang” or the “Company”) (Nasdaq: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for difficult-to-treat cancers and rare genetic diseases, today announced financial results and recent corporate highlights for the full-year ended December 31, 2023.
  • Research and development expenses were $40.5 million for the year ended December 31, 2023, compared to $62.5 million for 2022.
  • 2023 and Recent Corporate Highlights:
    In July 2023, Mustang announced that it amended its previously announced asset purchase agreement with uBriGene (Boston) Biosciences Inc. (“uBriGene”) and closed the transaction.
  • In October 2023, Mustang completed a registered direct offering priced at-the-market for approximately $4.4 million in gross proceeds.

Vista Outdoor Rejects Unsolicited Indication of Interest from MNC Capital

Retrieved on: 
Montag, März 4, 2024
Hunting, General Sports, Sports, Specialty, Outdoors, Other Sports, Water Skiing, Retail, Acquisition, Morgan Stanley, Cravath, Swaine & Moore, Committee, Investment, CSG, Letter, Vista Outdoor, Foreign investment, Gibson Dunn, LLP, MNC, CFIUS, Failure, Management

Vista Outdoor Inc. (NYSE: VSTO) today announced that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital (“MNC”) pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO) today announced that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital (“MNC”) pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).
  • The Vista Outdoor Board also issued a letter to MNC which is reproduced below.
  • We are confident that this is the best path to unlock value for our stockholders.”
    The full text of the letter to MNC follows:
    I am writing on behalf of Vista Outdoor Inc. (“Vista”) in response to MNC Capital’s (“MNC”) letters dated February 19, 2024 and February 28, 2024, expressing MNC’s interest in pursuing a transaction pursuant to which MNC would acquire Vista in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).
  • Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor.