HONG KONG SAR – Media OutReach Newswire – 10 December 2024 – The Hong Kong Exporters’ Association (HKEA)’s “Hong Kong Innovation & Invention” (HKII) today showcased over 40 locally invented innovations at Entrepreneur Day 2024. Exhibited inventions have undergone rigorous evaluation by a distinguished panel of industry professionals. The shortlisting process will be conducted based on novelty, level of innovation and invention, technical utility, and symbolic significance. All exhibits are original inventions manufactured and launched in the market with patent protection or are under patent filing. Various companies participated in HKII and displayed their innovations at Entrepreneur Day, covering classes from Smart City, Smart Home & Living, Smart Finance, Health Technologies and Medicine, and Smart Transportation to Smart Industry. This year, HKII introduced a new Youth class for young inventors below 18 to exchange creative, innovative ideas with global I&T leaders. Several innovations showcased in HKII won awards at the 4th Asia Exhibition of Innovations and Inventions Hong Kong : For more images, please refer to: https://drive.google.com/drive/folders/11pIe36n1sh5axW7VxzGfIwjPkhE6Brqp?usp=sharing “Connectivity” has been one of the core values of the HKEA”, said Alice Lai, Vice Chairman of HKEA and Project Convenor of HKII . “The HKII project aims to showcase Hong Kong inventors’ innovations at top international exhibitions, demonstrating the city’s strengths of innovation and technology while fostering collaboration among innovative talents, entrepreneurs and investors. In April, we are going to exhibit at the 50th International Exhibition of Inventions hosted in Geneva, Swissland, helping local SMEs and startups to expand oversea markets.” HKII is also committed to strengthening Hong Kong’s role as a hub of the Guangdong-Hong Kong-Macao Greater Bay Area and promoting connectivity between the I&T industry in Hong Kong, the Mainland and the world. In the spring of the coming year, the project will organise a delegation trip to Shenzhen to learn about the low-altitude economy, drones and unmanned vehicle technology. Another delegation trip to Zhuhai will also be held in the second quarter to explore the aerospace industry. Hashtag: #HongKongExportersAssociation The issuer is solely responsible for the content of this announcement. Founded in May 1955, the Hong Kong Exporters’ Association (HKEA) is a non-profit making trade association registered under the Hong Kong Companies Ordinance. The Association’s mission is to develop Hong kong as a trading hub for exporters, dedicating its efforts to serve and add value for the exporter community. “Hong Kong Innovation & Invention” (HKII), organized by the Hong Kong Exporters’ Association (HKEA) and sponsored by the Innovation and Technology Commission (ITC) of the Government of the Hong Kong Special Administrative Region, is an initiative dedicated to showcasing and promoting Hong Kong’s immense potential in innovation and technology (I&T) to a global audience. The Project aims to facilitate collaboration within the industry and cultivate a vibrant I&T culture among the general public. For more details on the Project, visit https://hk-ii.com
Somerset House has been a key part of London's landscape for hundreds of years, with its grand architecture and prominent position close to the River Thames and the Covent Garden area. But its leaders say its current role as a center for arts and culture is not fully understood, with one even describing it as "London and the U.K.'s best-kept secret." While its courtyard is well known as a striking venue for a winter ice rink and summer movie screenings, people are less aware that hundreds of artists and creatives work within its walls. And as it approaches 25 years in its most recent guise, the organization wants to raise its profile — in 2025, there will be a raft of exhibitions and events aiming to show off its artistic endeavors. "There wasn't a ... moment when Somerset House was revealed in its full glory. And, in a way, next year is a kind of belated moment to do that," said Jonathan Reekie, director of the Somerset House Trust, the organization that preserves the building and its activities for the public. Somerset House has had many transformations. Queen Elizabeth I lived there in the 16th century, and since then it has been a Navy headquarters, a home for the Royal Academy of Arts and a newspaper tax office, before being completely rebuilt in 1801. "In the ... 1770s, 1780s, [King] George III needed to build an 'office block' for his newly formed civil service. So, this is what he built," Reekie said as he took CNBC on a tour. With four large wings surrounding the large, cobbled courtyard (plus a "new" wing added in the 19 th century), the striking Renaissance property housed the multiple offices of the U.K. government's tax and excise authority for more than 150 years — and in more recent times, the courtyard was even covered with asphalt and used as a parking lot. In 1997, the house gained charitable status after a long campaign led by author and newspaper editor Simon Jenkins and philanthropist Lord Rothschild. "When Somerset House ... opened to the public in May 2000, this building was still mostly full of civil servants," Reekie said. "My predecessors basically had to negotiate with each government department to get rid of them," he said. The tax authority — now known as His Majesty's Revenue and Customs — finally closed its Somerset House office in 2011. Its current role is that of a "self-sustaining home to cultural innovators," according to Somerset House Trust chair Gail Rebuck, speaking at an event in September. But its varied facets are not always well understood, she said. When a fire broke out in August, there was an "outpouring of concern," Rebuck said, but "people struggled to describe Somerset House," she said of news reports at the time. "That's our fault, in a way, and something we want to correct ... We're a very special creative cluster," Rebuck said. "It's also London and the U.K.'s best-kept secret ... it's really important that the 3 million visitors who come through our doors actually know what goes on underneath," she said — Somerset House was the U.K.'s 10th most-visited attraction in 2023, with 2.7 million visits according to the Association of Leading Visitor Attractions . Rebuck referred to the network of rooms and areas that are home to multiple artists and creatives who work from the building, in offices, co-working places and studios. When Reekie joined the organization in 2014, he was asked what Somerset House should "be." "Part of the question in terms of how would it work as a cultural space is: what can you do with lots of rooms?" he said. One of Reekie's first jobs was to transform what was essentially a long corridor of government offices into rooms that would be desirable to artists — which now make up Somerset House Studios — raising money to do so from scratch. The artists' rent is subsidized by Somerset House's activities: It makes most of its income — £21.2 million ($27.5 million) for the financial year ending March 31, 2023 — from its own events like the ice rink and arts exhibitions curated in-house, as well as from hiring spaces to other organizations such as the 1-54 Contemporary African Art Fair. There are now around 60-70 artists, teams or collectives working in Somerset House Studios, overseen by director Marie McPartlin. The studios' first resident in 2016 was British fashion designer Gareth Pugh, and composer Anna Meredith was its second, with many others working in the visual arts. "Most of them are doing socially-engaged work ... or engaging with emergent, evolving and advanced technologies," McPartlin said. Artists are encouraged to collaborate — one high-profile name was turned down a studio place because of concerns that they would not have been on site enough of the time. "The community is the most important thing," McPartlin said. "The majority of artists don't have gallery representation — it's such a precarious existence ... really quickly, we realized that long-term support is something Somerset House was able to offer." Artists are resident for between one and seven years, with some on site for up to 10 years. In 2025, McPartlin will curate sculpture "The Spell or The Dream" by Turner Prize-winning artist Tai Shani, a resident of the studios, which will sit at the courtyard's center in August and September. Inspired by a sleeping beauty-type figure, it will reflect "on the urgent contemporary issues of our time," according to a release. McPartlin will also curate an artwork by resident artists Lydia Ourahmane and Sophia Al Maria, which will explore the idea of the "right to remain," according to a release, while BAFTA-nominated filmmaker and resident Akinola Davies Jr will screen a new movie in the courtyard that will look at the "everyday rituals" of black life in the U.K. Other highlights for 2025 will include "Salt Cosmologies," an installation that will map out India's Inland Customs Line, the extraordinary story of a 2,500 mile-long hedge put in place by the British East India Company to enforce its Salt Tax in the late 19th century. And an immersive exhibition by choreographer Wayne McGregor, named "Infinite Bodies," will be the culmination of Somerset House's 25-year celebration. Near the studios is Makerversity, a community of about 300 designers and makers, who share a wood workshop, photography studio and other "maker" spaces tucked close to the underside of Waterloo Bridge, at the far west border of Somerset House. And there is also The Exchange, a co-working space for creatives, and the Black Business Residency, a program for black entrepreneurs. "Having great artists in the center of London seems quite essential ... the thinking was to make it completely interdisciplinary," Reekie said.The United States is currently displaying several characteristics that have historically been seen by empires in decline, according to one social scientist. Peter Turchin is one of the pioneers of "cliodynamics," which is the field of study concerning statistical analysis of historical dynamics of societies around the world. In a recent essay for the Guardian , Turchin wrote that he and his fellow researchers have noticed the U.S. having three key traits in common with past global hegemons just before a period of decline. Those three factors are "popular immiseration, elite overproduction and state breakdown." Turchin wrote that "popular immiseration" describes a breakdown of the social contract between workers, the private sector and the public sector, which he said began after the Republican assault in the New Deal that happened around the time former President Ronald Reagan took power. He noted that as "the power of unions was undermined," taxes on the richest Americans were "cut back," which was followed by stagnating wages and a decline in life expectancy. READ MORE: 'Not good enough anymore': Union leader explains why Dems lost economic argument to Trump "With the incomes of workers effectively stuck, the fruits of economic growth were reaped by the elites instead. A perverse 'wealth pump' came into being, siphoning money from the poor and channelling it to the rich," he wrote. "In many ways, the last four decades call to mind what happened in the United States between 1870 and 1900 – the time of railroad fortunes and robber barons. If the postwar period was a golden age of broad-based prosperity, after 1980 we could be said to have entered a Second Gilded Age." The second trait, which Turchin called "elite overproduction," involves a growing population of the "uber-rich," (which he defined as "those with fortunes greater than $10 million") and their influence in the public sphere. He noted that when adjusting for inflation, this population grew by tenfold over the last four decades. This has led to rich elites either running for office, like President-elect Donald Trump , or funding candidates for office , like many billionaires have done in recent cycles. He also pointed out that "counter-elites" will emerge who oppose the existing political establishment. "The more members of this elite class there are, the more aspirants for political power a society contains," he wrote. "By the 2010s the social pyramid in the US had grown exceptionally top-heavy: there were too many wannabe leaders and moguls competing for a fixed number of positions in the upper echelons of politics and business." "As battles between the ruling elites and counter-elites heat up, the norms governing public discourse unravel and trust in institutions declines," he continued. "The result is a loss of civic cohesiveness and sense of national cooperation – without which states quickly rot from within." READ MORE: Watch: JD Vance booed by room full of firefighters as he calls himself 'pro-worker' Finally, Turchin opined hat "state breakdown" will inevitably follow popular immiseration and elite overproduction. He argued that Democrats' loss in the November election "represents one battle in an ongoing revolutionary war," but that the goal of the new order is "far from assured" given that "opponents are pretty well entrenched in the bureaucracy and can effectively resist change." "Popular discontent in the US has been building up for more than four decades. Many years of real prosperity would be needed to persuade the public that the country is back on the right track," he wrote. "So, for now, we can expect a lasting age of discord. Let’s hope that it won’t spill over into a hot civil war." Click here to read Turchin's full essay in the Guardian.
Nor-Shipping 2025 Thought Leader interview – Jan Ole Huseby, Head of Global Ocean Industries, DNBAP News Summary at 9:06 a.m. EST
The Ukrainian president said the use of a ballistic missile to hit Dnipro was a “clear and severe escalation in the scale and brutality of this war” and he warned that Russian president Mr Putin would attack or destabilise other countries unless stopped. Mr Putin said the use of the new weapon was in response to the UK and US allowing missiles they have supplied to Ukraine to be used to strike targets in Russia. “In response to the use of American and British long-range weapons on November 21 of this year, the Russian armed forces launched a combined strike on one of the facilities of the Ukrainian defence industry,” Mr Putin said in a televised address. “One of the newest Russian medium-range missile systems was tested in combat conditions, in this case, with a ballistic missile in a non-nuclear hypersonic warhead.” He added: “We consider ourselves entitled to use our weapons against military facilities of those countries that allow their weapons to be used against our facilities.” But Mr Zelensky urged world leaders – his “dear partners” – not to be cowed by Mr Putin’s actions otherwise there will be “endless Russian strikes” and “not just against Ukraine”. Today, Putin admitted to taking a second step this year toward escalating and expanding this war. A new ballistic missile was used. Putin struck our city of Dnipro, one of Ukraine’s largest cities. This is a clear and severe escalation in the scale and brutality of this war—a... — Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) November 21, 2024 “A lack of tough reactions to Russia’s actions sends a message that such behavior is acceptable,” the Ukrainian president said on X, formerly Twitter. “This is what Putin is doing. Putin must feel the cost of his deranged ambitions. “Response is needed. Pressure is needed. Russia must be forced into real peace, which can only be achieved through strength. “Otherwise, there will be endless Russian strikes, threats, and destabilisation-not just against Ukraine.” The UK is believed to have allowed its Storm Shadow missiles to be used by Ukrainian forces within the Kursk region of Russia, while the US has given permission for its ATACMS weapons to be fired at targets in Mr Putin’s country. Mr Putin confirmed Russia has tested the new intermediate-range weapon in an attack on Dnipro in response. The US said the weapon was a new, experimental intermediate-range missile based on Russia’s existing RS-26 Rubezh intercontinental ballistic missile. In Westminster, the Prime Minister’s official spokesman said: “My understanding is that it is the first time that Russia has used a ballistic missile in Ukraine with a range of several thousand kilometres.” Defence Secretary John Healey said it was “yet another example of Putin’s recklessness”. He said: “Since the illegal invasion of Ukraine began, Russia has consistently and irresponsibly escalated the conflict while Ukraine continues to fight in self-defence for a democratic future.” The missile’s range far outstrips that of newly authorised US and British-supplied weapons, which can hit targets around 250-300km away. The distance from Moscow to London is around 2,500km, suggesting the range of the new missile could threaten the UK. Mr Healey said the UK knew Russia had been “preparing for months” to fire a new ballistic missile. Downing Street and the Ministry of Defence have repeatedly declined to comment publicly on Ukraine’s use of Storm Shadow. “It risks both operational security and in the end the only one that benefits from such a public debate is President Putin,” Mr Healey told MPs. I had a meeting with the UK delegation led by Chief of the Defence Staff @AdmTonyRadakin_ . We discussed defense cooperation between Ukraine and the United Kingdom, focusing on developing and enhancing the technological capabilities of the Armed Forces of Ukraine. Particular... pic.twitter.com/EcjqfTuR49 — Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) November 21, 2024 The head of the UK’s armed forces, Chief of the Defence Staff Admiral Sir Tony Radakin, met Mr Zelensky in Kyiv to discuss the war on Thursday. Mr Zelensky said: “We discussed defence co-operation between Ukraine and the United Kingdom, focusing on developing and enhancing the technological capabilities of the armed forces of Ukraine. “Particular attention was given to Ukraine’s current military needs and the continued support from our partners.”The psychology of Christmas carols
Accomplished Leader Brings Expertise in Finance and Tribal Governance SAN DIEGO , Dec. 17, 2024 /PRNewswire/ -- Indigenized Energy, a Native-led organization building sustainable solar energy systems with Tribes nationwide, has announced the appointment of Lorilee J. Morsette , MS, THRP as Chief Operating Officer (COO). Morsette previously served as President of National Accounts for Tribal Markets at Mutual of America Financial Group and led HR operations for nearly 600 employees at the Nisqually Indian Tribe in Olympia, Washington . As COO, Morsette will oversee program delivery, finance, human resources, technology, and will ensure operational excellence. The newly created COO role is integral to scaling the organization's impact in 2025 and beyond. In April, Indigenized Energy, along with its partners the MHA Nation-Three Affiliated Tribes and the Tribal Renewal Energy Coalition, were awarded $135.5M in Solar for All funding by the EPA. A Suquamish and Chippewa-Cree from Rocky Boy, Montana , Morsette brings a visionary approach informed by the historical challenges faced by Indian Country. Morsette said, "Joining Indigenized Energy allows me to combine my expertise in financial services with my deep commitment to advancing opportunities for Native Americans. Our community's strength lies in our autonomy, and Indigenized Energy stands as a beacon of hope towards that goal. Together, we are Native-led, driven by our shared values, and contributing to a future where all voices and spirits thrive." Morsette's leadership adds depth to Indigenized Energy's executive team, which already excels in solar technology and tribal relations. Her presence is a milestone for Native women in leadership: women hold only 15% of C-suite roles in the finance sector and 18% in the solar industry, with Native American women representing a fraction of these figures. Cody Two Bears, Founder and CEO of Indigenized Energy said, "If we wrote a COO job description that called for expertise in corporate finance, management, Tribal governance, and values that align seamlessly with our own, and then looked for a Native American woman, we never would have found that. We cast a wider net and fortunately, connected with Lorilee at a time when she was open to a bold new leadership opportunity. Her appointment is a testament to the right timing and shared vision. I have no doubt." About Indigenized Energy With a mission focused on developing innovative and practical energy solutions, Indigenized Energy endeavors to support tribal autonomy, economic development, and environmental stewardship through clean energy initiatives. Indigenized Energy is registered as a charitable corporation in North Dakota and is a fiscally sponsored project of Mission Edge San Diego, a 501(c)(3) nonprofit headquartered in San Diego. Our Federal Tax ID # 27-2938491. https://www.4indigenized.energy/ View original content to download multimedia: https://www.prnewswire.com/news-releases/indigenized-energy-names-lorilee-j-morsette-as-chief-operating-officer-302334331.html SOURCE Indigenized Energy
Walmart is testing body cameras for some front-line employees in TexasI’ve joined Bluesky and it feels like a breath of fresh air – in some ways... | John NaughtonThe chief technology officer at Foot Locker, Butler brings more than 25 years of leadership experience across all areas of technology to the Board NORFOLK, Va. , Dec. 17, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that Adrian Butler has been elected as an independent director of the company, effective January 1, 2025 . Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Peering Into Bitdeer Technologies's Recent Short Interest
The New York Giants announced the release of now-former starting quarterback Daniel Jones on Friday, sending waves around the NFL world. The Giants thought Jones was their franchise quarterback, signing him on a four-year, $160 million contract last year. Now, the franchise is on the hunt for its next starting quarterback of the future. New York currently rosters Tommy DeVito and Drew Lock, neither of whom are viable longterm options. Given the Giants' excellent 2025 NFL Draft position, the franchise it expected to select one of the top quarterback options from this year's incoming class. Colorado quarterback Shedeur Sanders "liked" an Instagram post about Jones' release on Friday, sparking speculation about his potential future with the Giants' organization. Shedeur Sanders LIKED this post👀 pic.twitter.com/qdMlH9W3iU "I doubt Deion will let him join the Giants. This franchise can't stop wasting players careers," one fan wrote. "Giants are a good spot for him," another added. "Shedeur low key wanna go to the Giants," another said. "Our future," another wrote. BANGGGGGGG https://t.co/OUeilS0v8C pic.twitter.com/HQgVHOmjtr The Giants currently hold the best odds to land the No. 1 overall pick in the 2025 NFL Draft. Sanders is one of the top quarterback options in this year's class, along with Miami QB Cam Ward and Texas QB Quinn Ewers. Mark J. Rebilas-Imagn Images Sanders and the Buffaloes are in the midst of an excellent college football campaign. The 22-year-old quarterback has led No. 16 Colorado to an 8-2 record with two weeks remaining in the 2024 season. Colorado will face off against the Kansas Jayhawks in a Big 12 matchup on Saturday.Pune, Nov 30 (IANS) : Veteran social crusader, Dr Babasaheb Pandurang Adhav (96), alias Baba Adhav broke his 3-day long hunger strike to oppose EVMs after a galaxy of political leaders including Sharad Pawar and Uddhav Thackeray plus others met him here on Saturday evening. The weary-looking Dr Baba Adhav, a medico-cum-labour leader, received Nationalist Congress (SP) President Sharad Pawar, his state President Jayant R. Patil, Shiv Sena (UBT) President Uddhav Thackeray, party MP Sanjay Raut, and later Nationalist Congress Party President Ajit A. Pawar also dropped in at the agitation venue. Around 5 p.m., Dr Baba Adhav bowed to appeals from his supporters and accepted a glass of water offered by Thackeray, symbolising the end of his hunger agitation amidst claps and cheers. “There have been huge discrepancies in the voter turnout figures declared by the ECI, kept changing, the vote-counting processes were allegedly manipulated to give undue advantage to the outgoing MahaYuti, and related aspects. The verdict is an assault on democracy,” said Dr Baba Adhav earlier, speaking to the media. Asserting that the people have a right to know where their votes have actually gone, the frail, but firm, nonagenarian pointed out how the MahaYuti regime doled out cash to women (‘Ladki Bahin’) scheme just before the elections and undermined the state’s delicate financial condition, as Sharad Pawar, 83, nodded in agreement. “The government wants a democracy that gives it a monopoly without any Opposition (party). Therefore it is the duty and responsibility of all citizens to thwart this, and take a firm stance,” urged Dr Baba Adhav. Speaking on the occasion, Thackeray said that “not only the losers like us (Maha Vikas Aghadi), but even the winners (MahaYuti) leaders are coming here”. “Nobody, neither the winners nor the losers believe in the outcome of the state Assembly elections. We are stunned over how we lost, they are shocked at how they won. The reason is clear. ‘Satyameve Jayate’ was killed, but now you (Dr Baba Adha) have revived it and we are fully with you,” said Thackeray. The Shiv Sena (UBT) President said this agitation was like a spark but it would ignite into a huge blaze, and lauded Dr Baba Adhav for carrying out the agitation at his advanced age and “inspiring all of us” to continue the fight. “We have also seen and heard how money power was brutally used in the polls... All have watched the videos of (Bharatiya Janata Party) leader Vinod Tawde (in Palghar, on November 19). We have seen the shower of schemes. But what the MahaYuti did was to give anaesthesia to all its projects to complete its ‘power operation’ quickly,” said Thackeray without mincing words. He also called upon the top leaders of the MVA parties NCP (SP)-Shiv Sena (UBT)-Congress to follow in Dr Baba Adhav’s footsteps, and carry forward the fight against EVMs, even as the Election Commission of India (ECI) invited a Congress delegation to discuss its grievances (December 3) on the state poll outcome. The Shiv Sena (UBT) chief rued how the information on elections is not available under RTI, how people’s rights are being flouted, while the EVM-VVPAT receipt is visible, counting of the same is not allowed, thus preventing the people and candidates from knowing whether their vote got registered properly or not, leading to many doubts. Taking potshots at the MahaYuti for the huge delay in government formation, Thackeray said that after getting a brute majority, “instead of going to Raj Bhavan (for the oath), the caretaker CM has gone to his farmland,” and wondered what had gone wrong. “When the MVA government was due to be formed (in November 2019), the President’s rule was imposed... Now, (2024), the term of the legislature has expired, so why is the same not being done now? No one will answer these questions...There is complete uncertainty on the new regime, who could be the CM, ministers, portfolios, etc,” said Thackeray.
Rockland Trust acquires Enterprise BankBoltz-1 AI: MIT’s open-source model speeds up drug discovery, biomedical researchPRINCETON, NJ, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Sonnet BioTherapeutics Holdings, Inc. (the "Company" or "Sonnet") (NASDAQ:SONN), a clinical-stage company developing targeted immunotherapeutic drugs, announced today that it has entered into a definitive agreement with institutional investors for the purchase and sale of an aggregate of 1,085,325 shares of its common stock (or common stock equivalents in lieu thereof) (the "Registered Direct Shares”) and warrants to purchase up to an aggregate of 1,085,325 shares of common stock (the "Registered Direct Warrants”), in a registered direct offering. Each share of common stock (or pre-funded warrant in lieu thereof) is being sold in the registered direct offering together with one common warrant at a combined offering price of $2.23, priced at-the-market under the rules of the Nasdaq Stock Market. The Registered Direct Warrants will have an exercise price of $2.10 per share, are immediately exercisable and will expire five years from the date of issuance. The Company has also entered into a definitive agreement with an existing investor, in a concurrent private placement, for the purchase and sale of an aggregate of 673,000 shares of its common stock (or common stock equivalents in lieu thereof) (the "PIPE Shares”) and warrants to purchase up to an aggregate of 673,000 shares of common stock (the "PIPE Warrants”). Each share of common stock (or pre-funded warrant in lieu thereof) is being sold in the private placement offering together with one common warrant at a combined offering price of $2.23, priced at-the-market under the rules of the Nasdaq Stock Market. The PIPE Warrants will have an exercise price of $2.10 per share, are immediately exercisable and will expire five years from the date of issuance. The closing of the registered direct offering and the concurrent private placement is expected to occur on or about December 10, 2024, subject to the satisfaction of customary closing conditions. Chardan is acting as the exclusive placement agent for the registered direct offering and the concurrent private placement. The gross proceeds to the Company from the registered direct offering and the concurrent private placement are expected to be approximately $3.9 million, before deducting the placement agent's fees and other offering expenses payable by the Company. The Company intends to use the net proceeds for research and development, including clinical trials, working capital and general corporate purposes. The Registered Direct Shares are being offered and sold by the Company in a registered direct offering pursuant to a "shelf" registration statement on Form S-3 (File No. 333-251406) that was originally filed with the Securities and Exchange Commission (the "SEC") on December 22, 2023, and declared effective on January 4, 2024. The offering of such securities in the registered direct offering is being made only by means of a prospectus supplement that forms a part of the effective registration statement. A final prospectus supplement and the accompanying base prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov . Electronic copies of the final prospectus supplement and the accompanying base prospectus may also be obtained, when available, from Chardan Capital Markets, LLC, 17 State Street, Suite 2130, New York, New York 10004, at (646) 465-9000, or by email at [email protected] . The PIPE Shares, the PIPE Warrants and the Registered Direct Warrants and the shares underlying the PIPE Warrants and the Registered Direct Warrants described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Act"), and Regulation D promulgated thereunder and have not been registered under the Act, or applicable state securities laws. Accordingly, the PIPE Shares, the PIPE Warrants, the Registered Direct Warrants and the shares of common stock underlying the PIPE Warrants and the Registered Direct Warrants may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Sonnet BioTherapeutics Holdings, Inc. Sonnet is an oncology-focused biotechnology company with a proprietary platform for innovating biologic drugs of single or bifunctional action. Known as F H AB (Fully Human Albumin Binding), the technology utilizes a fully human single chain antibody fragment (scFv) that binds to and "hitch-hikes" on human serum albumin (HSA) for transport to target tissues. Sonnet's F H AB was designed to specifically target tumor and lymphatic tissue, with an improved therapeutic window for optimizing the safety and efficacy of immune modulating biologic drugs. F H AB is the foundation of a modular, plug-and-play construct for potentiating a range of large molecule therapeutic classes, including cytokines, peptides, antibodies, and vaccines. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the closing of the registered direct offering and the concurrent private placement and the expected use of proceeds, the outcome of the Company's clinical trials, the Company's cash runway, the Company's product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statements that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management's current beliefs and assumptions. These statements may be identified by the use of forward-looking expressions, including, but not limited to, "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential,” "predict," "project," "should," "would" and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company's filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Investor Relations Contact: JTC Team, LLC Jenene Thomas 908.824.0775 [email protected] Source: Sonnet BioTherapeutics Holdings, Inc.
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RIVERHEAD, N.Y. (AP) — The New York architect facing murder charges in a string of deaths known as the Gilgo Beach killings was charged on Tuesday in the death of a seventh woman. Rex Heuermann pleaded not guilty to killing Valerie Mack, whose remains were first found on Long Island in 2000. Mack, 24, had been working as an escort in Philadelphia and was last seen by her family that year in New Jersey. Some of Mack’s skeletal remains were initially discovered in Manorville, New York; authorities found more of her remains about 50 miles (80 kilometers) west, in Gilgo Beach, more than 10 years later. They were unidentified until genetic testing revealed her identity in 2020. Human hair found with Mack’s remains was sent for testing earlier this year and found to be a likely match with the genetic profile of Heuermann’s daughter, prosecutors said in court papers. His daughter is not accused of any wrongdoing and would have been 3 or 4 years old when Mack died. Heuermann, 61, is charged with killing six other women whose remains were found on Long Island. He has pleaded not guilty to all the charges. “The lives of these women matter,” Suffolk County District Attorney Ray Tierney said at a news conference with Mack's parents and other victims' relatives. “No one understands that more than the families.” Mack's parents didn't speak. Four other victims' relatives gave the Macks roses and hugs and, through an attorney, expressed their sadness and solidarity. “They were, and they are, loved. And they are missed every day by those who knew them and who had a strong bond with them,” said Gloria Allred, who represents the families of Melissa Barthelemy, Maureen Brainard-Barnes, Jessica Taylor and Megan Waterman. Outside of court, Heuermann’s lawyer Michael Brown disputed evidence presented in Mack’s death, saying the DNA technology used to connect her and other victims to Heuermann has never been deemed reliable in a New York case. He also argued that Tierney’s office has yet to produce proof any victims’ DNA was found in Heuermann’s home, including the many weapons and tools seized during recent searches of the property. “There’s something a little weird about these allegations,” Brown said. “Something that doesn’t sit right.” The investigation into the Gilgo Beach killings dates back to 2010, when police searching for a missing woman found 10 sets of human remains in the scrub along a barrier island parkway, prompting fears of a serial killer. Over the years, investigators used DNA analysis and other clues to identify the victims, many of whom were sex workers. Police also began reexamining other unsolved killings of women on Long Island. The case has dragged on through five police commissioners, more than 1,000 tips, and doubts about whether there was a serial killer at all. Heuermann, who lived with his wife and two children in Massapequa Park on Long Island and commuted to a Manhattan architecture office, was arrested on July 13, 2023. At that point, he was charged with murdering Barthelemy, Waterman and Amber Lynn Costello. Earlier this year, he was charged in the deaths of three other women — Brainard-Barnes , Taylor and Sandra Costilla . In a June court filing, prosecutors said they had recovered a file on a hard drive in Heuermann’s basement that he used to “methodically blueprint” his killings — including checklists with tasks for before, during and after, as well as lessons for “next time.” In court papers on Tuesday, prosecutors said the document, which was created the same year as Mack’s murder, includes details that align with her case. For example, it names “Mill Road” — a road near where Mack’s first remains were found — under the heading “DS,” which investigators believe stands for “dump site.” The document also lists “foam drain cleaner” under “Supplies.” Prosecutors say that on Oct. 3, 2000, Heuermann’s phone records appear to show him making two calls to a Long Island plumbing company, and he paid another company the following month to check his mainline drain. In recent searches of Heuermann’s home and office, authorities say they found old magazines and newspapers with articles about the Gilgo Beach killings and investigation that prosecutors believe he kept as “souvenirs” or “mementos.” Among them was a July 29, 2003, copy of the New York Post that included an article about the investigation into Mack and Taylor’s remains. Tierney said Tuesday that evidence points to Heuermann’s home as the scene of the killings — in most cases, when his family was out of town. Heuermann’s estranged wife, Asa Ellerup, said in a statement that she still does not believe her husband was capable of committing the crimes he’s accused of. The couple’s now grown children said in a separate statement they remain “steadfast in observing the legal process play itself out, no matter how long it takes or how difficult it is.” Authorities have still not charged anyone in the deaths of some other people whose remains were found on Long Island. Among them is an unidentified male victim who died in 2006 and likely presented outwardly as a female, and Karen Vergata , whose remains were discovered in 1996 but only identified through new DNA analysis in 2022. ___ Associated Press writer Jennifer Peltz contributed from New York.
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