Articles from Business Wire

The Law Offices of Frank R. Cruz announces an investigation of Aehr Test Systems, Inc. (“Aehr” or the “Company”) (NASDAQ: AEHR) on behalf of investors concerning the Company’s possible violations of federal securities laws.

Entravision is proud to announce that Stephanie Ochoa, its White House News Correspondent, will be awarded the prestigious 2024 Foreign Press Excellence Award by the Association of Foreign Press Correspondents in the USA (AFPC-USA).

Securiti, the pioneer of Data+AI Command Center, today announced it has achieved Amazon Web Services (AWS) Security Competency status in the new AI Security category announced at AWS re:invent 2024. This designation distinguishes Securiti as one of a select few inaugural partners recognized by AWS for their ability to secure AI workloads across all AI security use cases, including data security, security posture management, and threat detection and response.

Attentive®, the AI-powered mobile marketing platform, has released its unique online shopping data covering Cyber Week 2024, the seven-day shopping period between Monday, November 25, and Monday, December 2. Brands such as Crate & Barrel, Ugg, Hoka, Brooks Brothers, and hundreds of others leveraged advanced Attentive AI and drove 2x higher revenue growth than brands that did not use AI. This highlights the technology’s pivotal role in customer engagement and retention with impactful and personalized shopping experiences during the year’s busiest retail moment.

Get ready to spread holiday cheer and share the festive spirit this Christmas season! Through January 1, 2025, Hong Kong Tourism Board (HKTB) will host city-wide celebrations including dazzling fireworks shows, Christmas markets, and its signature New Year’s Eve spectacular. This year, the marquee event Hong Kong WinterFest, features a bigger-than-ever “Christmas Town” brimming with festive magic. Christmas Town spans 10,000 square feet at Harbourside Lawn West of Art Park at West Kowloon Cultural District and is 30 percent larger than in previous years.

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Santam Limited (Santam) (South Africa). The outlook assigned to these Credit Ratings (ratings) is stable.

Woodside has signed a revised lump sum turnkey engineering, procurement and construction (EPC) contract with Bechtel for the development of the three train 16.5 million tonnes per annum foundation development of Louisiana LNG.

Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially own over 7.5% of Japanese pharmaceuticals and food products manufacturer Kobayashi Pharmaceutical Co., Ltd. (4967 JT) (“Kobayashi Pharma” or the “Company”).

Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately 7.1% of the issued and outstanding common shares of Dye & Durham Limited (TSX: DND) ("Dye & Durham" or the "Company"), today issued an open letter to Dye & Durham employees from its slate of directors expressing their enthusiasm for bringing stability to the Company and improving the culture for the benefit of all its stakeholders.

At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), and Grab, Southeast Asia’s leading superapp (NASDAQ: GRAB), announced that Grab has selected AWS as its preferred cloud provider. With AWS, Grab is pursuing a technology-led strategy to accelerate growth across its mobility, deliveries, and financial services verticals, including its new digibanks, while continuing to improve its operational efficiencies and reduce IT infrastructure costs.

Solaris Energy Infrastructure, Inc. (NYSE:SEI) (“Solaris” or the “Company”), today announced a financial and operational update for the fourth quarter 2024 as well as updates to its growth capital program to further support the Solaris Power Solutions segment in response to rapidly evolving customer demand.

Gabb, the leading provider of safe tech for kids, celebrated their 2nd “Kid CEO for the Day” by handing the reins of the company to 9-year-old Nova Evenson, an aspiring leader from Naples, Florida, who has used Gabb technology to build connections with others.

With thousands of California children struggling to access basic dental care, two new pediatric dental offices have opened their doors in Bakersfield and Redding, bringing much-needed services to regions grappling with some of the state’s highest rates of childhood tooth decay. These new offices, established by Children’s Choice Dental Care, aim to provide comprehensive and preventive dental care in communities where consistent access has been a challenge.

Tapestry, Inc. (NYSE: TPR) a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the pricing of its offering of $750.0 million aggregate principal amount of 5.100% senior unsecured notes due 2030 and $750.0 million aggregate principal amount of 5.500% senior unsecured notes due 2035. The offering is expected to close, subject to normal closing conditions, on December 11, 2024.

iHeartMedia, Inc. (NASDAQ: IHRT) (“iHeartMedia”, the “Company” or “we”) today announced that, as of 5:00 p.m., New York City time, on November 29, 2024, $750,585,122 aggregate principal amount (93.8%) of iHeartCommunications, Inc.’s (“Communications”) outstanding 6.375% Senior Secured Notes due 2026 (the “Existing 2026 Secured Notes”), $743,023,000 aggregate principal amount (99.1%) of Communications’ outstanding 5.25% Senior Secured Notes due 2027 (the “Existing 2027 Secured Notes”), $221,587,000 aggregate principal amount (44.3%) of Communications’ outstanding 4.75% Senior Secured Notes due 2028 (the “Existing 2028 Secured Notes” and, together with the Existing 2026 Secured Notes and Existing 2027 Secured Notes, the “Existing Secured Notes”) and $843,734,539 aggregate principal amount (92.1%) of Communications’ outstanding 8.375% Senior Notes due 2027 (the “Existing Unsecured Notes” and, together with the Existing Secured Notes, the “Existing Notes”) had tendered and delivered consents in the previously announced exchange offers (the “Notes Exchange Offers”) for the Existing Notes and concurrent consent solicitations (the “Notes Consent Solicitations”) to amend certain provisions in the indentures governing the Existing Notes pursuant to the terms and conditions described in the Confidential Offering Memorandum and Consent Solicitation Statement, dated November 15, 2024 (the “Offering Memorandum”), and that $2,254,656,962 aggregate principal amount (99.5%) of Communications’ outstanding term loans (the “Existing Term Loans” and, together with the Existing Notes, the “Existing Debt”) had agreed to participate and delivered consents in the previously announced exchange offer (the “Term Loan Exchange” and, together with the Notes Exchange Offers, the “Offers”) for the Existing Term Loans and consent solicitation (the “Term Loan Consent Solicitation” and, together with the Notes Consent Solicitations, the “Consent Solicitations”) to amend certain provisions in the credit agreement governing the Existing Term Loans (the “Existing Term Loan Credit Agreement”) in connection with the Term Loan Exchange, representing a total participation of $4,813,586,623 aggregate principal amount (92.0%) of the Existing Debt in the Offers as of such time (the “Early Tender/Participation Debt”).

Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, is pleased to announce that the Company and Glencore International AG, a wholly-owned subsidiary of Glencore plc (LON: GLEN) (together with its subsidiaries, “Glencore”), a leading producer, recycler and marketer of nickel and cobalt for the production of lithium-ion batteries, are resuming their collaboration to assess the technical and economic viability of developing a new Hub facility in Portovesme, Italy, including a concept and pre-feasibility study.

Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $400 million aggregate principal amount of 7.625% Senior Notes due 2032 (the “Additional Notes” and, together with the Existing Notes (as defined below), the “Notes”). The size of this offering was increased from the previously announced $300 million to $400 million. The Notes mature on April 1, 2032 and pay interest at the rate of 7.625% per year, payable on April 1 and October 1 of each year, with interest payments on the Additional Notes commencing on April 1, 2025. The Additional Notes were priced at 100.250% of par, plus accrued and unpaid interest from October 1, 2024.

Puma Biotechnology, Inc. (NASDAQ: PBYI), a biopharmaceutical company, announced that on December 2, 2024, the Compensation Committee of Puma’s Board of Directors approved the grant of an inducement restricted stock unit award covering 7,500 shares of Puma common stock to one new non-executive employee.

Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, is pleased to announce the opening of the Rice Distribution Center - a brand new, state-of-the-art logistics center located in Hanover, Pennsylvania. The logistics center is named in honor of Michael W. Rice, the grandson of Bill and Salie Utz, who recently retired after over 50 years of service with Utz.

Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has appointed Gregg Sengstack, executive chairperson of Franklin Electric Company, Inc., to the Allegion Board of Directors (Board).

KBRA releases research on the key takeaways from the 29th annual United Nations Climate Change Conference of the Parties (COP29), held on November 11-22 in Baku, Azerbaijan. The report highlights major developments at COP29, including progress in climate finance, evolving debates over fossil fuels, and ongoing challenges in balancing equity and global collaboration.

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Cross Country Healthcare, Inc. (NasdaqGS: CCRN) to Aya Healthcare. Under the terms of the proposed transaction, shareholders of Cross Country will receive $18.61 in cash for each share of Cross Country that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

Central Securities Corporation (NYSE American: CET) announced today that the price at which Common Stock will be issued in payment of the $2.05 per share distribution payable on December 20, 2024 is $47.41 per share. This price is the arithmetic average of the daily volume weighted average price (“VWAP”) of the Corporation’s Common Stock for each of the last three trading days ending on and including December 4, 2024, rounded to two decimal places. The distribution was previously announced on November 5, 2024 and is payable to shareholders of record on November 15, 2024.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of AuguStar Life Insurance Company (ALIC) and its wholly owned subsidiary, AuguStar Life Assurance Corporation (together referred to as AuguStar Life Group). These companies are the principal insurance subsidiaries of Constellation Insurance, Inc. (Constellation). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of National Security Life and Annuity Company (NSLAC). Additionally, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of Constellation. Finally, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of Constellation and ALIC. The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in Cincinnati, OH. (See below for a detailed listing of the Long-Term IRs.)

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 3, 2025 to file lead plaintiff applications in a securities class action lawsuit against Symbotic Inc. (the “Company”) (NasdaqGM: SYM), if they purchased the Company’s securities between February 8, 2024 and November 26, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Massachusetts.