Share repurchase

Nano Dimension Announces Important Business Updates:

Retrieved on: 
Wednesday, February 28, 2024

Waltham, Mass., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printing solutions, today announced a series of updates covering its repurchase plan, repeat customer success, and an R&D milestone.

Key Points: 
  • Nano Dimension announced the sale of a second advanced AME system, the DragonFly IV®, to a leading Western Defense agency, an existing customer, which has requested to remain anonymous.
  • With this purchase, Nano Dimension has partnered with and sold the DragonFly IV® to more than ten national defense organizations.
  • Nano Dimension filed a patent application relating to INSU™ 200, a proprietary material, titled “Dielectric Ink Compositions and Uses Thereof” under the Paris Convention Treaty.
  • Nano Dimension designed this material with industry standards as a priority; thus, the improved properties meet reliability tests defined by IPC – the global trade associate for the electronics industry.

The Vita Coco Company Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ:COCO) (“Vita Coco” or “the Company”), a leading high-growth platform of better-for-you beverage brands, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ:COCO) (“Vita Coco” or “the Company”), a leading high-growth platform of better-for-you beverage brands, today announced financial results for the fourth quarter and full year ended December 31, 2023.
  • Net sales grew 15% to $494 million, driven by strong 14% net sales growth and 11% volume growth of Vita Coco Coconut Water.
  • Gross profit was $40 million for the fourth quarter of 2023, compared to $22 million for the fourth quarter ended December 31, 2022.
  • Non-GAAP Adjusted EBITDA1 for the fourth quarter of 2023 was $8 million, compared to $4 million in the fourth quarter of 2022.

Progress Software Announces Upsize and Pricing of Convertible Senior Notes Offering

Retrieved on: 
Wednesday, February 28, 2024

The offering of the Notes is expected to close on March 1, 2024, subject to customary closing conditions.

Key Points: 
  • The offering of the Notes is expected to close on March 1, 2024, subject to customary closing conditions.
  • The Notes will be Progress’ senior unsecured obligations and will mature on March 1, 2030, unless earlier converted, redeemed or repurchased.
  • Before November 1, 2029, Noteholders will have the right to convert their Notes only upon the occurrence of certain events.
  • This activity could increase (or reduce the size of any decrease in) the market price of Progress’ common stock or the Notes at that time.

Stellantis Announces Launch of First Tranche

Retrieved on: 
Wednesday, February 28, 2024

AMSTERDAM, February 28, 2024 - Stellantis N.V. (“Stellantis” or the “Company”) announced today that pursuant to its Share Buyback Program (or the “Program”) announced on February 15, 2024, covering up to €3 billion (total purchase price excluding ancillary costs) to be executed in the open market, Stellantis has signed a share buyback agreement for the first tranche of its Program with an investment firm that will make its trading decisions concerning the timing of purchases independently of Stellantis.

Key Points: 
  • AMSTERDAM, February 28, 2024 - Stellantis N.V. (“Stellantis” or the “Company”) announced today that pursuant to its Share Buyback Program (or the “Program”) announced on February 15, 2024, covering up to €3 billion (total purchase price excluding ancillary costs) to be executed in the open market, Stellantis has signed a share buyback agreement for the first tranche of its Program with an investment firm that will make its trading decisions concerning the timing of purchases independently of Stellantis.
  • This agreement will cover a maximum amount of up to €1 billion (of the €3 billion Share Buyback Program).
  • The first tranche of the Program shall start on February 28, 2024 and end no later than June 5, 2024.
  • This is intended to support the benefits of expanding and strengthening the ownership culture of our teams, while avoiding dilution of existing shareholders.

Boston Beer Reports Fourth Quarter Financial Results

Retrieved on: 
Tuesday, February 27, 2024

BOSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for its fourth quarter and full fiscal year 2023 that ended December 30, 2023.

Key Points: 
  • BOSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for its fourth quarter and full fiscal year 2023 that ended December 30, 2023.
  • The 2023 fiscal fourth quarter included 13 weeks and is compared to the 2022 fiscal fourth quarter, which included 14 weeks.
  • Fourth quarter revenue was negatively impacted by a $5.1 million international sales tax adjustment.
  • The Company incurred impairment costs for brewery equipment of $1.5 million in the fourth quarter of 2023 and $1.5 million in the fourth quarter of 2022.

Solid Power Full Year 2023 Results Reflect Strong Execution

Retrieved on: 
Tuesday, February 27, 2024

LOUISVILLE, Colo., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Solid Power, Inc. (Nasdaq: SLDP), a leading developer of solid-state battery technology, today announced its operational and financial results for the full year 2023 and provided its outlook and objectives for 2024.

Key Points: 
  • LOUISVILLE, Colo., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Solid Power, Inc. (Nasdaq: SLDP), a leading developer of solid-state battery technology, today announced its operational and financial results for the full year 2023 and provided its outlook and objectives for 2024.
  • “Solid Power delivered on several key strategic milestones in 2023, which strengthened our operational, technological, and competitive positioning,” said John Van Scoter, President and Chief Executive Officer of Solid Power.
  • “We are committed to solid execution to strengthen our leadership position in battery technology and deliver long-term shareholder value.”
    Revenue in 2023 was $17.4 million, an increase of $5.6 million compared to 2022, driven by continued execution under the company’s joint development agreements.
  • Solid Power remains in a strong liquidity position.

Virco Announces First Quarter Cash Dividend

Retrieved on: 
Tuesday, February 27, 2024

After reviewing preliminary results for the year, Virco’s Board of Directors declared the dividend based on the Company’s expected continued strong performance.

Key Points: 
  • After reviewing preliminary results for the year, Virco’s Board of Directors declared the dividend based on the Company’s expected continued strong performance.
  • Commenting on the dividend and Virco’s progress, Chairman and CEO Robert Virtue said:
    “As long-time shareholders know, it has been our goal to restore a regular cash dividend as a way of sharing Virco’s success with its owners.
  • In combination with the dividend, we anticipate that this will provide a balanced portfolio of shareholder returns.
  • The amount and size of any future dividends will depend upon the Company’s future results of operations, financial condition, capital levels, cash requirements and other factors.

Intermex Reports Fourth Quarter and Full Year Results

Retrieved on: 
Tuesday, February 27, 2024

MIAMI, Feb. 27, 2024 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), one of the nation’s leading omnichannel money transfer services to Latin America and the Caribbean, today reported strong operating results for the fourth quarter and full year 2023.

Key Points: 
  • ET
    MIAMI, Feb. 27, 2024 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), one of the nation’s leading omnichannel money transfer services to Latin America and the Caribbean, today reported strong operating results for the fourth quarter and full year 2023.
  • Bob Lisy, Chairman, President, and CEO of Intermex, stated, “We are proud to deliver another quarter of strong earnings growth as we continue to execute on our omnichannel strategy.
  • The Company ended the fourth quarter of 2023 with $239.2 million in cash and cash equivalents.
  • Net Free Cash Generated for the fourth quarter was $17.2 million, up 25.9%, compared to the fourth quarter of 2022.

Land and Economic Reconciliation: Cambium Inc. and Cambium Indigenous Professional Services Forge Groundbreaking Agreement

Retrieved on: 
Tuesday, February 27, 2024

PETERBOROUGH, Ontario, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cambium Inc. (Cambium) and Cambium Indigenous Professional Services (CIPS) are thrilled to announce a transformative agreement emphasizing land and economic reconciliation with Indigenous Peoples.

Key Points: 
  • PETERBOROUGH, Ontario, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cambium Inc. (Cambium) and Cambium Indigenous Professional Services (CIPS) are thrilled to announce a transformative agreement emphasizing land and economic reconciliation with Indigenous Peoples.
  • In a significant step towards fostering full Indigenous ownership, Cambium, a shareholder in CIPS, and CIPS have committed to a share repurchase at fair market value.
  • The Reconciliation Agreement outlines joint efforts to develop project strategies that contribute to enhanced land outcomes while pursuing mutual prosperity.
  • The evolution of our partnership with CIPS signifies our commitment to meaningful engagement with Indigenous Peoples, acknowledging their unique perspectives and contributions."

Progress Software Announces Proposed Convertible Senior Notes Offering

Retrieved on: 
Monday, February 26, 2024

The Notes will be Progress’ senior unsecured obligations.

Key Points: 
  • The Notes will be Progress’ senior unsecured obligations.
  • The interest rate, the initial conversion rate and the other terms of the Notes will be determined upon pricing of the offering.
  • This activity could increase (or reduce the size of any decrease in) the market price of Progress’ common stock or the Notes at that time.
  • In addition, if any such capped call transaction fails to become effective, whether or not the offering of the Notes is completed, the option counterparty party thereto may unwind its hedge positions with respect to Progress’ common stock, which could adversely affect the value of Progress’ common stock and, if the Notes have been issued, the value of the Notes.