Regulation

SecureTech Reports Record Top Kontrol Sales Growth

Retrieved on: 
Wednesday, May 31, 2023
Kontrol, Regulation, Marketing, OTC, Minneapolis–Saint Paul, Cryptocurrency

ROSEVILLE, Minn., May 31, 2023 (GLOBE NEWSWIRE) -- SecureTech Innovations, Inc. (OTC: SCTH ), an emerging growth company that develops and markets cutting-edge security and safety devices, products, and technologies such as Top Kontrol and its early-stage cybersecurity and cryptocurrency technology incubator Piranha Blockchain, announces it generated record Top Kontrol sales growth of 114% during the first quarter of 2023.

Key Points: 
  • ROSEVILLE, Minn., May 31, 2023 (GLOBE NEWSWIRE) -- SecureTech Innovations, Inc. (OTC: SCTH ), an emerging growth company that develops and markets cutting-edge security and safety devices, products, and technologies such as Top Kontrol and its early-stage cybersecurity and cryptocurrency technology incubator Piranha Blockchain, announces it generated record Top Kontrol sales growth of 114% during the first quarter of 2023.
  • Seeking to build upon this record sales growth, SecureTech announces it is launching a cross-marketing initiative aimed at growing product/brand awareness while converting existing and prospective shareholders into Top Kontrol customers.
  • SecureTech’s President and CEO Kao Lee commented, “Top Kontrol as a brand and product remain largely unknown outside of the Twin Cities area.
  • By combining product marketing and investor awareness efforts, we hope to attract a new generation of customers that become long-term SecureTech shareholders and vice versa.

FEMSA announces an approximately EUR 3.3 billion offering of shares of Heineken N.V. and Heineken Holding N.V. and a Concurrent Tap issuance of up to EUR 250 million of FEMSA’s existing Exchangeable Bonds due 2026 exchangeable into shares of Heineken Hold

Retrieved on: 
Tuesday, May 30, 2023
ACT, AS, FOR, Exchangeable, SEC Rule 144A, BofA Securities, Equity, Delta, NYSE, Morgan Stanley, EEA, Seasoned equity offering, Heineken N.V., Frankfurt Stock Exchange, Offering, Exchange offer, Book, J. P. Morgan, BY, NOT, S.A, Disclosure, BMV, FMX, Regulation, AFRICA, Person, Sale, EUR, Goldman Sachs, Open Market, Security (finance)

MONTERREY, Mexico, May 30, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces today an offering by the Company and its wholly-owned subsidiaries Compañía Internacional de Bebidas, S.A. de C.V. and Grupo Industrial Emprex, S. de R.L. de C.V. of existing issued ordinary shares of both Heineken N.V. and Heineken Holding N.V. (together, the “Heineken Group”) in the total amount of approximately EUR 3.3 billion (approximately 5.9% of the combined interest in the Heineken Group) (the “Equity Offering”). The Company also announces today a tap issuance of euro denominated senior unsecured bonds in the aggregate principal amount of up to EUR 250 million (the “New Bonds”), exchangeable into ordinary shares of Heineken Holding N.V. (the “Exchangeable Offering” and together with the Equity Offering, the “Offering”). The New Bonds will be consolidated and form a single series with the Company’s EUR 500 million 2.625% senior unsecured Exchangeable Bonds due 2026, originally issued on 24 February 2023 (the “Original Bonds” and together with the New Bonds, the “Bonds”) with effect from on or about 18 July 2023 (the “Consolidation Date”).

Key Points: 
  • de C.V. of existing issued ordinary shares of both Heineken N.V. and Heineken Holding N.V. (together, the “Heineken Group”) in the total amount of approximately EUR 3.3 billion (approximately 5.9% of the combined interest in the Heineken Group) (the “Equity Offering”).
  • The Company also announces today a tap issuance of euro denominated senior unsecured bonds in the aggregate principal amount of up to EUR 250 million (the “New Bonds”), exchangeable into ordinary shares of Heineken Holding N.V. (the “Exchangeable Offering” and together with the Equity Offering, the “Offering”).
  • The Offering has been approved by FEMSA’s board of directors and is conducted and announced in accordance with applicable law.
  • Investors will have the opportunity to acquire shares in the Equity Offering in Heineken N.V. and Heineken Holding N.V.

First Quantum Minerals Announces Satisfaction of Financing Condition for Partial Redemption of Senior Notes

Retrieved on: 
Tuesday, May 30, 2023
DTC, Communication, Qualifying investor alternative investment fund, Markets in Financial Instruments Directive 2014, Financial Services and Markets Act 2000, Directive, European Union (Withdrawal) Act 2018, Financial services, London Stock Exchange, Person, Debt-to-GDP ratio, Finance, Gross metropolitan product, Cyprus Securities and Exchange Commission, Sale, II, Prospectus, Ontario Securities Commission, Investment, London, Advertising, European Economic Area, Order, United Kingdom, TSX, News, Legislation, Security (finance), Property management, EEA, EU, Regulation

TORONTO, May 30, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX:FM) today announced that, following completion of the issuance of its $1,300 million aggregate principal amount of 8.625% Senior Notes due 2031, the financing condition with respect to the Company’s proposed partial redemption of its outstanding 7.500% Senior Notes due 2025 (the “2025 Notes”) has been satisfied and the Company will redeem $300 million of the 2025 Notes on May 31, 2023.

Key Points: 
  • The information in this announcement does not constitute an offer of securities for sale in the United States (“U.S.”) or any other jurisdiction.
  • The Company does not intend to conduct a public offering in the U.S. or any other jurisdiction.
  • This announcement constitutes a public disclosure of inside information by the Company under Regulation (EU) 596/2014 (16 April 2014).
  • Any person who is not a relevant person should not act or rely on this communication or any of its contents.

C4 Therapeutics and Betta Pharmaceuticals Announce Exclusive Licensing Agreement for the Development and Commercialization in Greater China of CFT8919, an Orally Bioavailable BiDAC™ Degrader of EGFR L858R for NSCLC

Retrieved on: 
Tuesday, May 30, 2023
Prevalence, CCCC, MSQ, Lung cancer, Mutation, NSCLC, Han Kun Law Offices, Development, Investigational New Drug, Patient, EGFR, Regulation, FDA, Therapy, IND, T790M, Disease, Pharmaceutical industry, Betta, Greater China

WATERTOWN, Mass. and HANGZHOU, China, May 30, 2023 (GLOBE NEWSWIRE) -- C4 Therapeutics, Inc. (C4T) (Nasdaq: CCCC), a clinical-stage biopharmaceutical company dedicated to advancing targeted protein degradation science to develop a new generation of small-molecule medicines and transform how disease is treated, and Betta Pharmaceuticals Co. Ltd (Betta) (SZ300558), a leading pharmaceutical company focusing on the development of innovative oncology therapies in China, today announced an exclusive licensing agreement for the development and commercialization of CFT8919 in Greater China (including Hong Kong SAR, Macau SAR and Taiwan). CFT8919 is an orally bioavailable BiDAC™ degrader designed to be potent and selective against EGFR L858R for non-small cell lung cancer (NSCLC) patients.

Key Points: 
  • CFT8919 is an orally bioavailable BiDAC™ degrader designed to be potent and selective against EGFR L858R for non-small cell lung cancer (NSCLC) patients.
  • “We are excited to partner with Betta to develop CFT8919, an orally bioavailable allosteric EGFR L858R degrader, with the potential to treat NSCLC patients with EGFR L858R mutations in Greater China and beyond,” said Andrew Hirsch, president and chief executive officer of C4 Therapeutics.
  • In China, approximately 693,000 patients were diagnosed with NSCLC in 2020 and approximately 40% of these cases are driven by the EGFR mutation.
  • The L858R mutation is the second most common EGFR mutation, found in approximately 40% of NSCLC patients with EGFR mutations in China.

Phreesia Announces First Quarter Fiscal 2024 Results

Retrieved on: 
Wednesday, May 31, 2023
Technology, Hospitals, Software, Practice Management, Networks, Internet, Managed Care, Health, Data Management, Uncertainty, Regulation Fair Disclosure, War, Health care, Disclosure, GAAP, Benefit, NYSE, Regulation, Pandemic, EBITDA, AHSC, SVB, Investment, Annual report, PHR, Webcast, Growth, Security (finance), Adjustment, Environment, Tobacco, Nursing, Video game, Pharmaceutical industry, Bank

Phreesia, Inc. (NYSE: PHR) (“Phreesia” or the "Company") announced financial results today for the fiscal first quarter ended April 30, 2023.

Key Points: 
  • Phreesia, Inc. (NYSE: PHR) (“Phreesia” or the "Company") announced financial results today for the fiscal first quarter ended April 30, 2023.
  • Please visit the Phreesia investor relations website at ir.phreesia.com to view the Company's Q1 Fiscal Year 2024 Stakeholder Letter.
  • The decline from the first quarter of fiscal 2023 to the first quarter of fiscal 2024 was driven primarily by AHSC growth that outpaced payment processing revenue growth.
  • We will hold a conference call on Wednesday May 31, 2023, at 5:00 p.m. Eastern Time to review our fiscal 2024 first quarter financial results.

Watts Water Technologies Publishes its 2022 Sustainability Report

Retrieved on: 
Wednesday, May 31, 2023
Machinery, Professional Services, Utilities, Philanthropy, Sustainability, Energy, Other Manufacturing, DEI (Diversity, Equity and Inclusion), Environment, Green Technology, Other Philanthropy, Environmental, Social and Governance (ESG), Manufacturing, Partnership, Newsweek, Drinking water, Sustainability reporting, Water quality, Water, Research, United Nations Global Compact, Chairperson, Veolia Water Technologies & Solutions, Sustainalytics, Energy efficiency, Universal Declaration of Human Rights, Human rights, Guarantee of origin, Carr Center for Human Rights Policy, DEI, ESG, Heat, Policy, Universal, Family, NYSE, Water purification, Regulation, Renewable energy, Management, Textile, Safety

Watts Water Technologies, Inc. (NYSE: WTS) – through its subsidiaries, one of the world’s leading manufacturers and providers of plumbing, heating, and water quality products and solutions – today announced the release of its 2022 Sustainability Report, which highlights the Company’s environment, social and governance (ESG) practices and its commitment to best-in-class sustainability performance.

Key Points: 
  • Watts Water Technologies, Inc. (NYSE: WTS) – through its subsidiaries, one of the world’s leading manufacturers and providers of plumbing, heating, and water quality products and solutions – today announced the release of its 2022 Sustainability Report, which highlights the Company’s environment, social and governance (ESG) practices and its commitment to best-in-class sustainability performance.
  • ESG research and data company Sustainalytics reported a 24% improvement in our ESG score in 2022, promoting Watts to the low-risk category.
  • To download Watts’ 2022 Sustainability Report or learn more about the Company’s ESG programs, visit www.watts.com/our-story/sustainability
    Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world.
  • Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions for commercial, residential, and industrial applications.

TDCX’s first quarter 2023 revenue up 8.2%, or up 13.1% in constant currency terms1

Retrieved on: 
Wednesday, May 31, 2023
Technology, Human Resources, Professional Services, Other Communications, Public Relations, Investor Relations, Marketing, Software, Digital Marketing, Advertising, Communications, Internet, Fintech, Data Management, Content Marketing, SG, Disclosure, Consultant, EBITDA, Acquisition, FX, Item, Webcast, Depreciation, Form 6-K, Adjustment, Regulation, Regulation S-K, Cryptocurrency, Bookkeeping, Property management

3 FX rate of US$1 = S$1.3270, being the approximate rate in effect as of March 31, 2023, assumed in converting financials from SG dollar to U.S. dollar.

Key Points: 
  • 3 FX rate of US$1 = S$1.3270, being the approximate rate in effect as of March 31, 2023, assumed in converting financials from SG dollar to U.S. dollar.
  • 4 “EBITDA” represents profit for the year/ period before interest expense, interest income, income tax expense and depreciation and amortization expense.
  • 8 We have not reconciled non-IFRS forward-looking revenue growth at constant currency to its most directly comparable IFRS measure, as permitted by Item 10(e)(1)(i)(B) of Regulation S-K.
  • TDCX senior management will host a conference call to discuss the first quarter 2023 unaudited financial results.

The New Home Company Inc. Announces Commencement of Exchange Offer and Consent Solicitation

Retrieved on: 
Wednesday, May 31, 2023
Residential Building & Real Estate, Architecture, Construction & Property, Building Systems, Solicitation, Consent, Settlement date, Supplement, Telephone, SEC Rule 144A, Expiration date, Exchange, Person, Sale, Health professional requisites, Date, Expiration, European Economic Area, Convention to propose amendments to the United States Constitution, ISIN, United Kingdom, CUSIP, Letter, Exchange offer, Regulation, Life insurance, Security (finance), Note

For each $1,000 principal amount of Existing Notes accepted for exchange at or prior to the Expiration Date.

Key Points: 
  • For each $1,000 principal amount of Existing Notes accepted for exchange at or prior to the Expiration Date.
  • The Company may, though it is not obligated to, complete the Exchange Offer even if the Requisite Consents are not received.
  • No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
  • The Exchange Offer and Consent Solicitation are being made solely pursuant to the Offering Memorandum and only to such persons and in such jurisdictions as are permitted under applicable law.

Box Reports Strong Fiscal First Quarter 2024 Financial Results

Retrieved on: 
Tuesday, May 30, 2023
Professional Services, Data Management, Technology, Other Professional Services, Software, Internet, Cloud, Partnership, Regulation Fair Disclosure, University of Texas Southwestern Medical Center, Q2, Disclosure, Vanderbilt University Medical Center, Intelligence, GAAP, Privacy, ID, Creativity, Organization, Asana, Regulation, FX, University, Google Cloud, Ideation, Growth, EPS, CFO, Security (finance), News, NYSE, Naval Air Systems Command, Square, Sales, Video game, Cryptocurrency, Tobacco, Holding company, Bank, Television, Internet service provider, Risk management, Box, Cloudflare

Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the first quarter of fiscal year 2024, which ended April 30, 2023.

Key Points: 
  • Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the first quarter of fiscal year 2024, which ended April 30, 2023.
  • GAAP gross profit for the first quarter of fiscal year 2024 was $190.2 million, or 75.5% of revenue.
  • Non-GAAP gross profit for the first quarter of fiscal year 2024 was $196.2 million, or 77.9% of revenue.
  • GAAP operating income in the first quarter of fiscal year 2024 was $8.3 million, or 3.3% of revenue.

FTC Approves Final Order Requiring Mastercard to Stop Blocking the Use of Competing Debit Payment Networks

Retrieved on: 
Wednesday, May 31, 2023
Mastercard, Commission, Durbin amendment, Regulation, Durbin, Social media, News, Blog, Federal Trade Commission, FTC, Dodd–Frank Wall Street Reform and Consumer Protection Act, Payment card

Under the FTC’s order, Mastercard will have to start providing competing networks with customer account information that these networks need to process debit payments.

Key Points: 
  • Under the FTC’s order, Mastercard will have to start providing competing networks with customer account information that these networks need to process debit payments.
  • This reverses a tactic Mastercard allegedly had been using to prevent merchants from using competing networks to process certain ecommerce debit payments.
  • The order requires Mastercard to end those practices and provide competing networks with customer account information they need to process debit payments.
  • It also bans Mastercard from taking other actions to inhibit merchants’ ability to choose between competing debit card networks.