Cyprus Securities and Exchange Commission

Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2023

Retrieved on: 
Monday, October 30, 2023
Government, GAAP, Cyprus Securities and Exchange Commission, Interest, Nature, Growth, Epidemic, Risk, MPS, Annual report, Bank

The following are MPS’s financial targets for the fourth quarter ending December 31, 2023:

Key Points: 
  • The following are MPS’s financial targets for the fourth quarter ending December 31, 2023:
    Revenue in the range of $442.0 million to $462.0 million.
  • Non-GAAP operating expenses (1) between $95.9 million and $97.9 million, which excludes estimated stock-based compensation expenses in the range of $31.2 million to $33.2 million.
  • Non-GAAP operating expenses exclude the effect of stock-based compensation expense, amortization of purchased intangible assets and deferred compensation plan income (expense).
  • Non-GAAP operating income excludes the effect of stock-based compensation expense, amortization of purchased intangible assets and deferred compensation plan expense (income).

FREYR Battery Provides Update on U.S. Redomiciling

Retrieved on: 
Monday, November 6, 2023
Green Technology, Alternative Energy, Energy, Environment, Other Energy, Risk management, Cyprus Securities and Exchange Commission

After considering various factors, FREYR’s board of directors believes that redomiciling to the United States will enhance shareholder value over the long-term by providing potential strategic opportunities and benefits, including:

Key Points: 
  • After considering various factors, FREYR’s board of directors believes that redomiciling to the United States will enhance shareholder value over the long-term by providing potential strategic opportunities and benefits, including:
    Simplifying FREYR’s corporate structure and streamlining reporting requirements, which will (i) facilitate efforts incurred by FREYR to assess, implement and remain compliant with multiple regulatory and reporting requirements for FREYR on a consolidated basis, and (ii) provide opportunities for FREYR to improve operational efficiencies and financial flexibility in the corporate treasury, cash management, risk management and tax functions;
    Enhancing FREYR’s eligibility for inclusion in equity indexes and trigger associated benchmarking from actively managed funds, thereby delivering a significant uplift in fund flows to its ordinary shares;
    Benefiting from well-established principles of corporate governance under Delaware law, which are more closely aligned with the New York Stock Exchange listing standards and the U.S. Securities and Exchange Commission (“SEC”) governance requirements; and
    Positioning FREYR to better respond to global tax developments and U.S. incentive programs for battery manufacturers, considering recent changes in U.S. tax laws and federal incentive programs.
  • Pending a successful shareholder vote, closing of the planned redomicile to the United States is expected to be completed by December 31, 2023.

PARTS iD Receives Notice of Non-compliance from NYSE American

Retrieved on: 
Thursday, November 2, 2023
Aftermarket, Automotive, Performance & Special Interest, NYSE, Cyprus Securities and Exchange Commission, Notice, ID, Plan, Letter, NYSE American, Exchange, Cryptocurrency

PARTS iD, Inc. (NYSE American: ID) (“PARTS iD” or “the Company”) today announced that it has received written notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) stating that it is not in compliance with the continued listing standard set forth in Section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”) because the Company’s common stock was selling for a substantial period of time at a low price per share.

Key Points: 
  • PARTS iD, Inc. (NYSE American: ID) (“PARTS iD” or “the Company”) today announced that it has received written notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) stating that it is not in compliance with the continued listing standard set forth in Section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”) because the Company’s common stock was selling for a substantial period of time at a low price per share.
  • As previously reported, on May 23, 2023, the Company received notification (the "Letter") from the NYSE American that it was not in compliance with the continued listing standards set forth in the NYSE American Company Guide (the "Company Guide").
  • The Company’s common stock will continue to be listed on the NYSE American while the Company evaluates its various alternatives.
  • The Company’s receipt of the Notice from the NYSE American does not affect the Company’s business, operations or reporting requirements with the U.S. Securities and Exchange Commission.

Five9 Reports Third Quarter Revenue Growth of 16% to a Record $230.1 Million

Retrieved on: 
Thursday, November 2, 2023
Software, Technology, Internet, Data Management, Security (finance), Human, EBITDA, Automation, Cyprus Securities and Exchange Commission, GAAP, USF, Acquisition, Bank statement, LTM, Depreciation, AI, Table, Intelligence, Video game, Reinsurance

Revenue for the third quarter of 2023 increased 16% to a record $230.1 million, compared to $198.3 million for the third quarter of 2022.

Key Points: 
  • Revenue for the third quarter of 2023 increased 16% to a record $230.1 million, compared to $198.3 million for the third quarter of 2022.
  • Adjusted EBITDA for the third quarter of 2023 was $41.3 million, or 17.9% of revenue, compared to $36.7 million, or 18.5% of revenue, for the third quarter of 2022.
  • GAAP operating cash flow for the third quarter of 2023 was $37.0 million, compared to GAAP operating cash flow of $30.5 million for the third quarter of 2022.
  • “We are pleased to report strong third quarter results with revenue growing 16% year-over-year to a record $230.1 million.

EngageSmart Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, November 2, 2023
Technology, Software, Adjustment, WalletHub, Vista, NYSE, EBITDA, General Atlantic, GAAP, Total revenue, Cyprus Securities and Exchange Commission, Vista Equity Partners, Bank statement, Customer, Partnership, ESMT, SMB, Patient, Cash, Software as a service, Video game, Bookkeeping, Cryptocurrency

EngageSmart, Inc. ( NYSE: ESMT ), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • EngageSmart, Inc. ( NYSE: ESMT ), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today reported financial results for the third quarter ended September 30, 2023.
  • “Fueled by new customers and expansion from existing customers, our SMB segment achieved third quarter revenue growth of 29%.
  • Total Revenue increased 24% to $97.7 million compared to $78.8 million in the third quarter of 2022.
  • EngageSmart currently expects to close the transaction in the first quarter of 2024.

New Relic Stockholders Approve Acquisition by Francisco Partners and TPG

Retrieved on: 
Thursday, November 2, 2023
Software, Technology, Engineering, Manufacturing, NYSE, Francisco Partners, Acquisition, Cyprus Securities and Exchange Commission, Wardwell, Kirkland & Ellis, Morgan Stanley, J.P. Morgan & Co., Latham & Watkins, Qatalyst Partners, Moelis & Company, TPG, New Relic

New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced that its stockholders have voted to approve the acquisition of New Relic by Francisco Partners and TPG in a special meeting held yesterday.

Key Points: 
  • New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced that its stockholders have voted to approve the acquisition of New Relic by Francisco Partners and TPG in a special meeting held yesterday.
  • As previously announced , under the terms of the merger agreement, New Relic stockholders will receive $87.00 per share in cash for each share of New Relic common stock that they own.
  • Morgan Stanley & Co. LLC is acting as lead financial advisor to Francisco Partners and TPG.
  • Davis Polk & Wardwell LLP, Paul Hastings LLP, and Kirkland & Ellis LLP are acting as legal counsel to Francisco Partners and TPG.

Aldeyra Therapeutics Enters into Exclusive Option Agreement with AbbVie for License to Develop and Commercialize Reproxalap

Retrieved on: 
Wednesday, November 1, 2023
Science, Other Science, Biotechnology, Research, Pharmaceutical, Optical, Health, FDA, Security (finance), Food, Ophthalmology, Telecanthus, Cyprus Securities and Exchange Commission, Exercise, AbbVie, Therapy, Food and Drug Administration, Pharmaceutical industry

Aldeyra Therapeutics, Inc. (Nasdaq: ALDX) (Aldeyra), a biotechnology company devoted to discovering and developing innovative therapies designed to treat immune-mediated diseases, today announced that it has entered into an exclusive option agreement with AbbVie Inc. (AbbVie).

Key Points: 
  • Aldeyra Therapeutics, Inc. (Nasdaq: ALDX) (Aldeyra), a biotechnology company devoted to discovering and developing innovative therapies designed to treat immune-mediated diseases, today announced that it has entered into an exclusive option agreement with AbbVie Inc. (AbbVie).
  • Under the terms of the option agreement, AbbVie has the option to acquire a co-exclusive license to develop, manufacture, and commercialize reproxalap in the U.S. and an exclusive license to develop, manufacture, and commercialize reproxalap outside the U.S. Aldeyra will receive a non-refundable option fee of $1 million and an upfront payment of $100 million less option fees if AbbVie chooses to exercise the option.
  • Additional details regarding the terms of the option agreement may be found in a Current Report on Form 8-K filed by Aldeyra with the Securities and Exchange Commission.
  • Goodwin Proctor acted as legal advisor and Aquilo Partners, L.P. acted as financial advisor to Aldeyra in this transaction.

Enterprise Announces Permian Growth Projects; Seminole Pipeline to Be Taken out of Crude Oil Service

Retrieved on: 
Tuesday, October 31, 2023
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Permian, Partner, Delaware Basin, Security (finance), NYSE, EPD, NGL, DIB, Orion, Cyprus Securities and Exchange Commission, Atlas, Transport, Risk, Enterprise Products, Plant, Partnership, Butane, BPD, Investment, Leonidas I, Natural gas, Rocky Mountains

Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced four new capital projects to support continuing production growth in the Permian Basin.

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced four new capital projects to support continuing production growth in the Permian Basin.
  • Enterprise believes crude oil, natural gas and NGL production in the Permian Basin will continue to grow throughout the decade.
  • To provide incremental NGL transportation service until construction of the Bahia Pipeline is completed, Enterprise has begun preparations to convert the Seminole Red Pipeline from crude oil service back to NGL service in December 2023.
  • This pipeline has been in crude oil transportation service since the second quarter of 2019 and was known as Enterprise’s Midland-to-ECHO 2 crude oil pipeline.

Western Digital to Form Two Independent Public Companies Focused on Data Storage Growth in HDD and Flash Markets

Retrieved on: 
Monday, October 30, 2023
Technology, Hardware, Data Management, Slate, Digital, Documentation, HDD, J. P. Morgan, WDC, Cyprus Securities and Exchange Commission, Skadden, Arps, Slate, Meagher & Flom, Growth, LLP, Webcast, Qatalyst Partners, Lazard, Pacific Time Zone, Calendar, Management, Flash, Western Digital

Western Digital Corp. (NASDAQ: WDC) (“Western Digital” or “the Company”) today announced its Board of Directors has unanimously approved a plan to separate its HDD and Flash businesses.

Key Points: 
  • Western Digital Corp. (NASDAQ: WDC) (“Western Digital” or “the Company”) today announced its Board of Directors has unanimously approved a plan to separate its HDD and Flash businesses.
  • The separation is intended to be structured in a tax-free manner and is targeted for the second half of calendar year 2024.
  • “Our HDD and Flash businesses are both well positioned to capitalize on the data storage industry’s significant market dynamics, and as separate companies, each will have the strategic focus and resources to pursue opportunities in their respective markets.
  • Importantly, separating these franchises will unlock significant value for Western Digital shareholders, allowing them to participate in the upside of two industry leaders with distinct growth and investment profiles,” said David Goeckeler, CEO, Western Digital.

Fresenius Medical Care appoints Craig Cordola as new Management Board member for Care Delivery

Retrieved on: 
Tuesday, October 31, 2023
Kidney, Knowledge, Frankfurt Stock Exchange, FME, American College, Health administration, Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, Organization, Cyprus Securities and Exchange Commission, University of Houston–Clear Lake, Health, MBA, Lanny Cordola, Dialysis, Ascension, Supervisory board, Memorial Hermann Health System, COVID-19, Business administration, Retirement, Fresenius Medical Care, University of Texas at Austin, University, MHA, Master of Business Administration, Patient, FMS, Pharmaceutical industry, Nursing, Psychology

WALTHAM, Mass., Oct. 31, 2023 /PRNewswire/ -- Fresenius Medical Care, the world's leading provider of products and services for individuals with renal diseases, has appointed Craig Cordola (52) as new Management Board member for the globally operating Care Delivery segment.

Key Points: 
  • WALTHAM, Mass., Oct. 31, 2023 /PRNewswire/ -- Fresenius Medical Care, the world's leading provider of products and services for individuals with renal diseases, has appointed Craig Cordola (52) as new Management Board member for the globally operating Care Delivery segment.
  • Michael Sen, Chairman of the Supervisory Board of Fresenius Medical Care Management AG, said: "We are delighted to have Craig Cordola join the Management Board of Fresenius Medical Care as the leader of the global Care Delivery organization.
  • With this expertise, he will be a crucial player in the Management Board in implementing Fresenius Medical Care's turnaround and focusing on patient care."
  • Craig Cordola said: "I am excited to join Fresenius Medical Care, the global leader in kidney care and leading healthcare brand across this industry.