Accounting

National Bank Holdings Corporation Appoints New Board Director

Retrieved on: 
Friday, March 15, 2024
Audit, J. P. Morgan, Risk management, Woman, Regulatory affairs, Executive Committee, Robin, Easter Seals, Dress, Rutgers University, Committee on Finance, Accounting, CPA, Management

DENVER, March 15, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC) announced today that its Board of Directors appointed Ms. Robin Doyle as a Director of the Company, effective March 18, 2024.

Key Points: 
  • DENVER, March 15, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC) announced today that its Board of Directors appointed Ms. Robin Doyle as a Director of the Company, effective March 18, 2024.
  • Doyle’s distinguished career in international financial services has spanned over three decades with a focus in finance, regulatory affairs and risk management.
  • She has served as a founding board member of the Global Legal Entity Identifier Foundation, a founding board member for the Rutgers Business School Center for Women in Business, the Rutgers Business School Dean’s Advisory Board, the board of New Jersey Junior Achievement, and the board of Easter Seals of New Jersey.
  • Tim Laney, the Company’s Chairman, President and Chief Executive Officer, said, “We are pleased to welcome Robin to our Board of Directors.

Larimar Therapeutics Reports Fourth Quarter and Full Year 2023 Operating and Financial Results and Provides Update on Nomlabofusp Development

Retrieved on: 
Thursday, March 14, 2024
Research, Database, Gene expression, Disease, Patient, Accounting, OLE, Insurance, Ataxia, Clinical trial, Skin, Therapy, Safety, Pharmacokinetics, Interim, FA, FDA, BLA, Pharmaceutical industry

BALA CYNWYD, Pa., March 14, 2024 (GLOBE NEWSWIRE) -- Larimar Therapeutics, Inc. (“Larimar”) (Nasdaq: LRMR), a clinical-stage biotechnology company focused on developing treatments for complex rare diseases, today reported its fourth quarter and full year 2023 operating and financial results.

Key Points: 
  • BALA CYNWYD, Pa., March 14, 2024 (GLOBE NEWSWIRE) -- Larimar Therapeutics, Inc. (“Larimar”) (Nasdaq: LRMR), a clinical-stage biotechnology company focused on developing treatments for complex rare diseases, today reported its fourth quarter and full year 2023 operating and financial results.
  • Nomlabofusp was generally well-tolerated and demonstrated dose-dependent increases in skin and buccal cell frataxin levels.
  • Research and development expenses for the fourth quarter of 2023 were $10.6 million compared to $7.2 million for the fourth quarter of 2022.
  • General and administrative expenses for the fourth quarter of 2023 were $3.5 million compared to $3.2 million for the fourth quarter of 2022.

Fyllo | Semasio’s New CEO Appoints His First Executives

Retrieved on: 
Thursday, March 14, 2024
Growth, CFO, MacAndrews & Forbes, Integration, Accounting, Yahoo! Inc. (2017–present), Strategic planning, Alternate route, CCO, Management

As CFO at Fyllo, Ying leads the finance, accounting, and strategic planning functions at the company along with the executive team.

Key Points: 
  • As CFO at Fyllo, Ying leads the finance, accounting, and strategic planning functions at the company along with the executive team.
  • Prior to Fyllo, Ying was a VC investor with several early-stage funds including Integrated VC, a psychedelics and technology focused investment fund.
  • “I am thrilled to join the team at Fyllo | Semasio during a time when there is such great potential for both innovation and impact.
  • Pinkham's track record in driving commercial success and building strategic partnerships will be crucial as Fyllo | Semasio expands its market reach.

Acri Capital Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination

Retrieved on: 
Wednesday, March 13, 2024
Accounting, ACAC, Acquisition, Incorporation

Austin, Texas, March 13, 2024 (GLOBE NEWSWIRE) -- Acri Capital Acquisition Corporation (the “Company”) (Nasdaq: ACAC), a special purpose acquisition company, today announced that, in order to extend the date by which the Company must complete its initial business combination from March 14, 2024 to April 14, 2024, Acri Capital Sponsor LLC, the sponsor of the Company, has deposited into its trust account (the “Trust Account”) an aggregate of $75,000 (the “New Monthly Extension Payment”).

Key Points: 
  • Austin, Texas, March 13, 2024 (GLOBE NEWSWIRE) -- Acri Capital Acquisition Corporation (the “Company”) (Nasdaq: ACAC), a special purpose acquisition company, today announced that, in order to extend the date by which the Company must complete its initial business combination from March 14, 2024 to April 14, 2024, Acri Capital Sponsor LLC, the sponsor of the Company, has deposited into its trust account (the “Trust Account”) an aggregate of $75,000 (the “New Monthly Extension Payment”).
  • Pursuant to the Company’s Amended and Restated Certificate of Incorporate currently in effect, the Company may extend on monthly basis from July 14, 2023 until April 14, 2024 or such an earlier date as may be determined by its board to complete a business combination by depositing the New Monthly Extension Payment for each month into the Trust Account.

Dr. Xiang Lingyun Joins NUM as Tenured Economics Professor and PhD Advisor

Retrieved on: 
Wednesday, March 13, 2024
NUM, Faculty, Logic, Accounting, International Association, Knowledge, Research, Policy, Doctor of Philosophy, Mentorship, Marquess, Student, IAAP, Publication, FAIA, FCPA, Certified Public Accountant, Economics, National university, Management

Annapolis, Maryland, March 13, 2024 (GLOBE NEWSWIRE) -- Dr. Xiang, known for his extraordinary contributions to the fields of international finance, accounting, and emerging industries, joins NUM as a tenured professor and PhD advisor , bringing with him a wealth of knowledge and a rich tapestry of global experiences.

Key Points: 
  • Annapolis, Maryland, March 13, 2024 (GLOBE NEWSWIRE) -- Dr. Xiang, known for his extraordinary contributions to the fields of international finance, accounting, and emerging industries, joins NUM as a tenured professor and PhD advisor , bringing with him a wealth of knowledge and a rich tapestry of global experiences.
  • Dr. Xiang, known for his extraordinary contributions to the fields of international finance, accounting, and emerging industries, joins NUM as a tenured professor and PhD advisor, bringing with him a wealth of knowledge and a rich tapestry of global experiences.
  • At NUM, Dr. Xiang will be involved in shaping the next generation of economists and finance professionals.
  • The NUM community warmly welcomes Dr. Xiang, looking forward to the inspiration and innovation he brings to the campus.

Vera Bradley Announces Fourth Quarter and Fiscal Year 2024 Results

Retrieved on: 
Wednesday, March 13, 2024
Pura, Comparable, Vera Bradley, Growth, Project, VRA, EPS, Accounting, Travel, Research, Sale, Acquisition, Woman, Investment, Generation Z, ABL, GAAP, Jewellery, Share repurchase, Marketing, Fiscal, Gen, Total, Retail

On a non-GAAP basis, Vera Bradley, Inc.’s consolidated fourth quarter net income totaled $3.5 million, or $0.11 per diluted share.

Key Points: 
  • On a non-GAAP basis, Vera Bradley, Inc.’s consolidated fourth quarter net income totaled $3.5 million, or $0.11 per diluted share.
  • For the prior year fourth quarter, Vera Bradley, Inc.’s consolidated net loss totaled ($28.2) million, or ($0.91) per diluted share.
  • Current year fourth quarter Vera Bradley Direct segment revenues totaled $93.0 million, a 6.6% decrease from $99.5 million in the prior year fourth quarter.
  • A conference call to discuss results for the fourth quarter and fiscal year is scheduled for today, Wednesday, March 13, 2024, at 9:30 a.m. Eastern Time.

Absolute-Ultimus Partnership Continues to Grow as Asset Investment Firm Expands Fund Services Mandate

Retrieved on: 
Tuesday, March 12, 2024
Growth, ETF, Partnership, Accounting, CCO

This strategic collaboration leverages Ultimus' comprehensive fund servicing capabilities to provide an enterprise-wide solution, aiding in the operational efficiency of Absolute's various product wrappers.

Key Points: 
  • This strategic collaboration leverages Ultimus' comprehensive fund servicing capabilities to provide an enterprise-wide solution, aiding in the operational efficiency of Absolute's various product wrappers.
  • Ultimus’ proven track record in delivering exceptional fund administration and middle office services has been a critical factor in its selection by Absolute Investment Advisers.
  • With a steadfast commitment to innovation and operational excellence, Ultimus offers scalable solutions customized to meet the unique needs of its clients.
  • This approach aligns perfectly with Absolute’s vision for growth and diversity in its investment offerings.

Workhorse Group Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, March 12, 2024
Research, EV, Certification, USDA, Negotiation, Data as a service, Natural Resources Conservation Service, Shareholder, Accounting, Sale, Stable, HVIP, W56, FedEx Ground, Drone, Service, Feedback, C1000, Pharmaceutical industry

CINCINNATI, March 12, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • CINCINNATI, March 12, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the fourth quarter and full year ended December 31, 2023.
  • Continued Build Out of Commercial Dealer and Service Footprint: Workhorse successfully added new certified dealers to its network in 2023, expanding to 11 dealers nationwide.
  • Completed Revamp of Manufacturing Complex: In 2023, the Company completed the overhaul of its Union City, Indiana manufacturing complex.
  • Sales, net of returns and allowances, for the fourth quarter of 2023 were $4.4 million compared to $3.4 million in the same period last year.

Dalrada Financial Corporation Announces $4.5 Million in Cost-Cutting Reductions to Accelerate Path to Profitability

Retrieved on: 
Tuesday, March 12, 2024
CRM, Certification, SAN, Accounting, ERP, G&A, Overalls, ISO, OTCQB, Audit

SAN DIEGO, March 12, 2024 (GLOBE NEWSWIRE) -- Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada,” “the Company”), announced today that it has taken a series of intensive initiatives to reduce costs and drive efficiency in order to accelerate a path to profitability.

Key Points: 
  • I am happy to report that not only have we met our cost-cutting milestone, we’ve exceeded it, saving well over $4 million so far during the fiscal year.
  • Now, we can be laser-focused on obtaining overall profitability," said Brian Bonar, Chief Executive Officer and Founder of Dalrada.
  • The Company is primed to realize profitability with a clear focus on the companies that have the greatest potential.
  • "Achieving profitability in our core business segments of Dalrada Climate Technology and Genefic is crucial to the success of Dalrada and will support the long-term sustainability of the Company," added Bonar.

Bragg Gaming Announces Resignation of Chief Financial Officer

Retrieved on: 
Friday, April 5, 2024
Professional Services, Entertainment, Online, Mobile Entertainment, Finance, Accounting, Casino, Gaming, BRAG, Toronto Stock Exchange, TSX, Chairperson, Growth, CFO, Management

Bragg Gaming Group Inc. ( NASDAQ: BRAG , TSX: BRAG ) (“Bragg” or the “Company”), a global B2B gaming technology and content provider, today announced that Chief Financial Officer (“CFO”) Ronen Kannor has notified Bragg’s board of directors (“Board”) that he will resign from his position to pursue other career opportunities, effective June 3, 2024.

Key Points: 
  • Bragg Gaming Group Inc. ( NASDAQ: BRAG , TSX: BRAG ) (“Bragg” or the “Company”), a global B2B gaming technology and content provider, today announced that Chief Financial Officer (“CFO”) Ronen Kannor has notified Bragg’s board of directors (“Board”) that he will resign from his position to pursue other career opportunities, effective June 3, 2024.
  • Matevž Mazij, Chief Executive Officer and Chair of the Board, commented, “We thank Ronen for his dedication and commitment to Bragg over the past four years and for his unwavering service as a pivotal member of the leadership team.
  • “Special thanks goes to my finance team, who work tirelessly to deliver the positive change and financial growth that the Company continues to achieve.
  • I wish them and all of my colleagues continued success with Bragg now and in the future.”