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ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Øystein Elton Lodgaard

M&A is back

Another solid report, '25e-'26e adj. EBITDA up 2%. Stable business with ~10% org. growth + accretive M&A. BUY: Quality company at 8-10% '24e-'26e FCF yields.

 PRESS RELEASE

Turnstone Biologics Corp. Reports First Quarter 2024 Financial Results...

Turnstone Biologics Corp. Reports First Quarter 2024 Financial Results and Provides Recent Business Highlights SAN DIEGO, May 13, 2024 (GLOBE NEWSWIRE) -- Turnstone Biologics Corp. (“Turnstone” or the “Company”) (Nasdaq: TSBX), a clinical-stage biotechnology company developing a differentiated approach to treat and cure patients with solid tumors by pioneering selected tumor-infiltrating lymphocyte (Selected TIL) therapy, today reported financial results for the first quarter ended March 31, 2024, and provided recent business highlights. “We are excited about the therapeutic potential of...

 PRESS RELEASE

Guardion Health Sciences Announces

Guardion Health Sciences Announces -- Financial Results for the Three Months Ended March 31, 2024 -- Institutional Shareholder Services Issues Report Recommending that Institutional Stockholders Vote in Favor of All Proposals at the Upcoming Special Meeting of Stockholders on May 23, 2024 Board of Directors Urges Stockholders to Vote to Approve the Sale of the Company’s Viactiv Brand and Business and Plan of Liquidation and Dissolution If both proposals are approved, stockholders would receive one or more liquidating cash distributions, which combined are expected to repres...

 PRESS RELEASE

Glacier Reports First Quarter 2024 Results

Glacier Reports First Quarter 2024 Results VANCOUVER, British Columbia, May 13, 2024 (GLOBE NEWSWIRE) -- Glacier Media Inc. (TSX: GVC) (“Glacier” or the “Company”) reported revenue and earnings for the period ended March 31, 2024. SUMMARY RESULTS (thousands of dollars) Three months ended March 31, except share and per share amounts  2024   2023      Revenue $34,750  $39,218 EBITDA (1) $(322) $(2,241)EBITDA (1) margin  (0.9%)  (5.7%)EBITDA (1) per share $(0.00) $(0.02)Capital expenditures $759  $1,077 Net loss attributable to common shareholder $(4,429) $(5,217)Net loss attributable to co...

 PRESS RELEASE

Horizon Bancorp, Inc. Names John R. Stewart, CFA as Chief Financial Of...

Horizon Bancorp, Inc. Names John R. Stewart, CFA as Chief Financial Officer MICHIGAN CITY, Ind., May 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced today that John R. Stewart, CFA has been named Horizon’s next Executive Vice President and Chief Financial Officer (CFO). Stewart will assume the responsibilities of CFO on May 20, 2024. Stewart has 22 years of financial services experience spanning banking, investment management and corporate finance at regional banks, global investment banks and institutional asset management fi...

 PRESS RELEASE

Brilliant Earth Announces Participation in 19th Annual Needham Technol...

Brilliant Earth Announces Participation in 19th Annual Needham Technology, Media, & Consumer Conference SAN FRANCISCO, May 13, 2024 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (NASDAQ: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced that the Company will participate in the 19th Annual Needham Technology, Media, & Consumer Conference. The Company will hold virtual investor meetings throughout the day on Thursday, May 16, 2024. About Brilliant Earth  Brilliant Earth is a digitally native, omnichannel fine jew...

 PRESS RELEASE

Orchestra BioMed Reports First Quarter 2024 Financial Results and Prov...

Orchestra BioMed Reports First Quarter 2024 Financial Results and Provides a Business Update Company hosting in-person R&D day event, focused on atrioventricular interval modulation (“AVIM”) therapy, including the unmet need in hypertension, mechanism of action, clinical results and design of the BACKBEAT study in New York City on June 11, 2024 NEW HOPE, Pa., May 13, 2024 (GLOBE NEWSWIRE) -- Orchestra BioMed Holdings, Inc. (Nasdaq: OBIO, “Orchestra BioMed” or the “Company”), a biomedical company accelerating high-impact technologies to patients through risk-reward sharing p...

Moody’s Ratings rates Markel’s senior notes Baa2

New York , May 13, 2024 - Moody's Ratings (Moody's) has assigned a Baa2 rating to approximately $600 million of senior unsecured notes being issued by Markel Group Inc. (Markel, NYSE: MKL) off its multi-purpose shelf registration. Markel expects to use net proceeds from the offering for general corp...

 PRESS RELEASE

RCP Fund XVIII Closes on ~$285 Million in Aggregate Capital Commitment...

RCP Fund XVIII Closes on ~$285 Million in Aggregate Capital Commitments CHICAGO, May 13, 2024 (GLOBE NEWSWIRE) -- RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, announced the final closing of RCP Fund XVIII (“Fund XVIII” or the “Fund”). The Fund closed on approximately $285 million in aggregate commitments. The Fund has a broad LP base of new and existing investors, including family offices, high-net-worth individuals, foundations, public pension plans, and en...

Moody's Ratings downgrades The Carnegie Hall Corporation (NY) to A2; o...

Moody's Ratings (Moody's) has downgraded The Carnegie Hall Corporation's (NY) revenue bond rating to A2 from A1.  The bonds are issued through the Trust for Cultural Resources of the City of New York, NY. As of June 30, 2023, Carnegie Hall had approximately $91 million of outstanding debt. The outlo...

Moody's Ratings revises Vermont Public Power Supply Authority's Swanto...

Moody's Ratings (Moody's) has affirmed the Baa1 rating on Vermont Public Power Supply Authority's (VPPSA) Swanton Project revenue bonds of approximately $8 million and has revised the outlook to negative from stable. RATINGS RATIONALE Today's rating action reflects the declining credit quality o...

Moody's Ratings assigns ratings to three classes of CLO refinancing no...

Moody's Ratings (Moody's) has assigned ratings to three classes of CLO refinancing notes (the "Refinancing Notes") issued by Northwoods Capital XIV-B, Limited (the "Issuer"). Moody's rating action is as follows: Issuer: Northwoods Capital XIV-B, Limited U.S.$291,805,302 Class A-R Senior Secure...

 PRESS RELEASE

Maui Land & Pineapple Company Reports Fiscal 2024 First Quarter Result...

Maui Land & Pineapple Company Reports Fiscal 2024 First Quarter Results Annual Meeting and Shareholder Presentation to be held virtually on May 15, 2024 at 10:00 a.m. HST KAPALUA, Hawaii, May 13, 2024 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results covering the three month period ended March 31, 2024. The company’s annual meeting and shareholder presentation will be held virtually on May 15, 2024 at 10:00 a.m. Hawaii Standard Time, via meeting link posted on mauiland.com/investors. “Maui Land & Pineapple Company’s renewed mission to ...

 PRESS RELEASE

Allogene Therapeutics Announces Pricing of $110 million Offering of Co...

Allogene Therapeutics Announces Pricing of $110 million Offering of Common Stock SOUTH SAN FRANCISCO, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Allogene Therapeutics, Inc. (Nasdaq: ALLO), a clinical-stage biotechnology company pioneering the development of allogeneic CAR T (AlloCAR T™) products for cancer and autoimmune disease, today announced the pricing of an underwritten offering of 37,931,035 shares of its common stock at a price of $2.90 per share. The gross proceeds from this offering are expected to be approximately $110 million, before deducting the underwriting discount and commi...

 PRESS RELEASE

Astrotech Reports Third Quarter of Fiscal Year 2024 Financial Results

Astrotech Reports Third Quarter of Fiscal Year 2024 Financial Results AUSTIN, Texas, May 13, 2024 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) reported its financial results for the third quarter of fiscal year 2024, which ended March 31, 2024. Financial Highlights & Recent Developments  Astrotech’s consolidated balance sheet remains strong with $34.7 million in cash and liquid investments.Year-to-date revenue totaled $1.6 million and was generated by sales of TRACER 1000™ explosive trace detector (ETD), as well as recurring maintenance service...

 PRESS RELEASE

Ikena Oncology Reports First Quarter 2024 Financial Results and Corpor...

Ikena Oncology Reports First Quarter 2024 Financial Results and Corporate Update Strong financial position with $157.3 million; runway into 2H 2026 IK-930 program on track to deliver clinical update in 2H 2024 IK-595 program continues dose escalation in patients with RAS and RAF mutant cancers BOSTON, May 13, 2024 (GLOBE NEWSWIRE) -- Ikena Oncology, Inc. (Nasdaq: IKNA, “Ikena,” “Company”), a targeted oncology company forging new territory in patient-directed cancer treatment, today announced financial results for the first quarter ended March 31, 2024. The Company also prov...

 PRESS RELEASE

Parks! America Announces Significant Breakthrough for Registered Share...

Parks! America Announces Significant Breakthrough for Registered Shareholders PINE MOUNTAIN, Georgia, May 13, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA) (“Parks! America” or the “Company”), a leading operator of regional safari parks in the United States, today announced effective May 1, 2024, Parks! America became eligible for The Depository Transfer Corporation (“DTC”) Fast Automated Securities Transfer Program (“FAST”). The Company is now in the process of working through step-by-step procedures that will allow Parks! America shareholders to transition their paper st...

 PRESS RELEASE

Jamf Announces Launch of Secondary Offering of Common Stock by Selling...

Jamf Announces Launch of Secondary Offering of Common Stock by Selling Stockholders and Related Common Stock Repurchase MINNEAPOLIS, May 13, 2024 (GLOBE NEWSWIRE) -- Jamf (Nasdaq: JAMF), the standard in managing and securing Apple at work, today announced the commencement of an underwritten public offering (the “Offering”) of its common stock by investment funds affiliated with Vista Equity Partners (the “Selling Stockholders”). The Selling Stockholders are offering 8,956,522 shares of Jamf’s common stock pursuant to a registration statement on Form S-3 (the “Registration Statement”) file...

Dillard's, Inc.: Update following affirmation of Baa3 rating

Our credit view of this issuer reflects its strong liquidity and its significant financial flexibility from owned real estate, constrained by its heavy regional store concentration.

Moody's Ratings revises outlook on 412 US local government issuers fro...

Moody's Ratings (Moody's) has revised the outlook on 412 US local government issuers from stable to no outlook (NOO). The issuer and long-term underlying debt instrument ratings have been affirmed. RATINGS RATIONALE Please click on this link /viewresearchdoc.aspx?docid=PBM_P...

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