AUSTIN, Texas, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Molecular Templates, Inc. (Nasdaq: MTEM, “Molecular Templates,” or “MTEM” or the “Company”), a clinical-stage biopharmaceutical company focused on the discovery and development of proprietary targeted biologic therapeutics, known as engineered toxin bodies, to create novel therapies with potent and differentiated mechanisms of action for cancer, announced that it has received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on November 25, 2024. The notice indicated that MTEM is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the “Form 10-Q”), as described more fully in MTEM’s Form 12b-25 Notification of Late Filing (the “Form 12b-25”) filed with the Securities and Exchange Commission (the “SEC”) on November 15, 2024. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC. MTEM has until January 24, 2025 to submit a plan of compliance with respect to the notice. On November 25, 2024, MTEM also receive a notice with respect to its failure to maintain a $1.00 bid price in accordance with the Nasdaq Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) as the closing price of the Company’s common stock as reported by Nasdaq was less than $1.00 for the preceding 30 business days. In accordance with Nasdaq rules, MTEM has been provided a 180-calendar day compliance period, or until May 26, 2025, to regain compliance with the Minimum Bid Price Requirement. To regain compliance with the Minimum Bid Price Requirement, the closing bid price of the common stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days during the 180-calendar day compliance period. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iii), if the price of the common stock is less than $0.10 during a compliance period, Nasdaq will issue a delisting determination for the common stock. At this time, the Company has not yet determined whether to appeal these notices, submit plans of compliance or to take other action to address these deficiencies. The notices have no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. About Molecular Templates Molecular Templates is a clinical-stage biopharmaceutical company focused on the discovery and development of next-generation ADCs. Our drug platform technology, known as Engineered Toxin Bodies (ETBs), leverages the resident biology of a genetically engineered toxin payload to create novel therapies with potent and differentiated mechanisms of action for cancer and various disease indications. Forward-Looking Statements This press release contains forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the “Act”). Molecular Templates disclaims any intent or obligation to update these forward-looking statements and claims the protection of the Act’s Safe Harbor for forward-looking statements. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, future compliance with Nasdaq listing requirements, prospects, plans and objectives of management are forward-looking statements. In addition, when or if used in this press release, the words “may,” “could,” “should,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “predict” and similar expressions and their variants, as they relate to Molecular Templates may identify forward-looking statements. Examples of such statements include, but are not limited to, statements regarding any future actions the Company may take regarding the notices received from Nasdaq, the future price of the Company’s common stock and the Company’s ability to maintain the listing of its common stock on Nasdaq or otherwise continue its operations. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Continued investment in the Company’s common stock is highly speculative at this point. Actual events or results may differ materially from those discussed in the forward-looking statements as a result of various factors including, but not limited to the following: the effects of the pending potential dissolution of the Company on its stockholders who are not currently expected to receive value for their shares of common stock; the continued availability of financing on commercially reasonable terms; whether Molecular Templates’ cash resources will be sufficient to fund any future operations; the results of MTEM’s clinical studies which may be unable to resume in the near-term; the ability to effectively operate MTEM and retain key employees post-MTEM’s previously announced restructuring and reductions in force; the ability of MTEM to maintain the continued listing of its common stock on Nasdaq; the ability of MTEM to resume its regular and required Exchange Act reporting obligations which the Company is currently unable to do; and those risks identified under the heading “Risk Factors” in Molecular Templates’ filings with the Securities and Exchange Commission, including its most recently filed Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 and any subsequently filed reports. Any forward-looking statements contained in this press release speak only as of the date hereof, and Molecular Templates specifically disclaims any obligation to update any forward-looking statement, whether because of new information, future events or otherwise. Contact Michelle Iwamoto-Fan michelle.iwamotofan@mtem.comColorado adds record insurance coverage for Sanders and Hunter with both playing in Alamo Bowl
In 2021, the NFL expanded prohibition against blocking below the waist. Now, the NFL wants to eliminate all low blocks as a safety measure. “The low block below the knee needs to be removed from the game,” NFL executive Troy Vincent said Wednesday. “You look at high school, you look at college, too. Every block should be above the knee, but below the neck. All the work that we’ve done for the head and neck area — all the things that we’ve taken out of the game — this is the right time for us to remove the low block out of the game. Be consistent with high school. Be consistent with college. Every block should be above the knee and below the neck.” The league greatly reduced allowable low blocks three years ago. It made illegal blocking below the waist by offensive and defensive players on scrimmage downs when contact occurs beyond 5 yards on either side of the line of scrimmage and more than 2 yards outside of either offensive tackle. The league previously outlawed low blocks by players of either team after a change of possession or during kicks. The penalty for an illegal block below the waist is 15 yards.
Colorado adds record insurance coverage for Sanders and Hunter with both playing in Alamo BowlORRVILLE, Ohio , Dec. 2, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) ("Company") announced today the closing of the transaction to divest the Voortman ® business to Second Nature Brands. The Company previously announced the signing of a definitive agreement for the transaction on October 22, 2024 . The all-cash transaction is valued at approximately $305 million , subject to a working capital adjustment, and reflects the Company's continued commitment to optimizing its portfolio and reallocating resources to its core growth brands. The transaction includes all Voortman ® trademarks and the Company's leased manufacturing facility in Burlington, Ontario, Canada . In addition, approximately 300 employees will transition with the business. The Company updated its full-year fiscal 2025 net sales guidance to reflect the impact of the divested business. Net sales is anticipated to increase 7.5 to 8.5 percent compared to the prior year. The updated net sales guidance reflects the removal of approximately $65 million of divested net sales in fiscal 2025, with the estimated net sales impact evenly distributed throughout the remainder of the fiscal year. On a comparable basis, net sales is expected to increase 1.0 to 2.0 percent, which excludes noncomparable sales in the current year from the acquisition of Hostess Brands and noncomparable sales in the prior year related to the divestitures of the Voortman ® , Canada condiment, and Sahale Snacks ® businesses. The Company maintains its fiscal 2025 adjusted earnings per share, free cash flow, capital expenditures, and adjusted effective income tax rate outlook as communicated in its most recent quarterly earnings announcement on November 26, 2024 . The J.M. Smucker Co. Forward Looking Statements This press release ("Release") includes certain forward-looking statements within the meaning of federal securities laws. The forward-looking statements may include statements concerning our current expectations, estimates, assumptions and beliefs concerning future events, conditions, plans and strategies that are not historical fact. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expect," "anticipate," "believe," "intend," "will," "plan," "strive" and similar phrases. Federal securities laws provide a safe harbor for forward-looking statements to encourage companies to provide prospective information. We are providing this cautionary statement in connection with the safe harbor provisions. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made, when evaluating the information presented in this Release, as such statements are by nature subject to risks, uncertainties and other factors, many of which are outside of our control and could cause actual results to differ materially from such statements and from our historical results and experience. We do not undertake any obligation to update or revise these forward-looking statements to reflect new events or circumstances. The risks, uncertainties, important factors, and assumptions listed and discussed in this press release, which could cause actual results to differ materially from those expressed, include: the Company's ability to successfully integrate Hostess Brands' operations and employees and to implement plans and achieve financial forecasts with respect to the Hostess Brands' business; disruptions or inefficiencies in the Company's operations or supply chain, including any impact caused by product recalls, political instability, terrorism, geopolitical conflicts (including the ongoing conflicts between Russia and Ukraine and Israel and Hamas), extreme weather conditions, natural disasters, pandemics, work stoppages or labor shortages (including potential strikes along the U.S. East and Gulf coast ports and potential impacts related to the duration of a recent strike at the Company's Buffalo, New York manufacturing facility), or other calamities; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging, and transportation; the impact of food security concerns involving either the Company's products or its competitors' products, including changes in consumer preference, consumer litigation, actions by the U.S. Food and Drug Administration or other agencies, and product recalls; a disruption, failure, or security breach of the Company or its suppliers' information technology systems, including, but not limited to, ransomware attacks; and risks related to other factors described under "Risk Factors" in other reports and statements filed with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K. About The J.M. Smucker Co. At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America . We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their families each day, including Folgers ® , Dunkin ' ® , Café Bustelo ® , Jif ® , Uncrustables ® , Smucker's ® , Hostess ® , Milk-Bone ® , and Meow Mix ® . Through our unwavering commitment to producing quality products, operating responsibly and ethically, and delivering on our Purpose, we will continue to grow our business while making a positive impact on society. For more information, please visit jmsmucker.com . The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for Dunkin ' ® , which is a trademark of DD IP Holder LLC. The Dunkin ' ® brand is licensed to The J.M. Smucker Co. for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, e-commerce and drug stores, and in certain away from home channels. This information does not pertain to products for sale in Dunkin ' ® restaurants. View original content to download multimedia: https://www.prnewswire.com/news-releases/the-jm-smucker-co-completes-the-divestiture-of-voortman-brand-to-second-nature-brands-and-updates-fiscal-year-2025-net-sales-outlook-302319978.html SOURCE The J.M. Smucker Co.
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COMPASS acquires @properties and Christie’s International Real Estate
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Nordstrom family to take chain private in $6.25 billion deal
CENTENNIAL, Colo.--(BUSINESS WIRE)--Nov 22, 2024-- NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, today announced it has received a notice of non-compliance (the “NYSE Notice”) from the staff of the NYSE American Market (the “Exchange”) indicating that the Company has become noncompliant with the continued listing standard set forth in Section 803B(2)(c) of the NYSE American Company Guide (the “Company Guide”), since the Company’s Audit Committee is no longer comprised of at least two independent directors, as a result of the recent resignation of an independent director from the Company’s Board of Directors. The NYSE Notice stated that, pursuant to Section 803B(6)(b) of the Company Guide, the Company has until the earlier of its next annual meeting of stockholders or one year from the occurrence of the event that caused the failure to comply with the audit committee composition requirements to regain compliance with the continued listing standards; provided that, if the annual meeting of stockholders occurs no later than 75 days following the event that caused the failure to comply, the Company will instead have 75 days from such event to regain compliance. As a result, the Company has until January 4, 2025 to regain compliance. The Board is undertaking a process to identify two independent directors to join the Board within the permitted time frame. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.A Tennessee man is convicted of killing 2 at a high school basketball game in 2021
Workplace solutions company has filed its draft red herring prospectus (DRHP) with markets regulator SEBI to raise funds through an initial public offering (IPO). The company’s IPO consists of a fresh issue of equity shares of up to Rs 750 crore and an offer for sale of equity shares of up to Rs 100 crore by the promoter-selling shareholders, Rishi Das and Meghna Agarwal. IndiQube intends to use Rs 462.6 crore of the raised proceeds towards funding capital expenditures related to establishing new centres and Rs 100 crore towards the repayment of certain borrowings availed by the company. Founded in 2015, the company currently manages around 103 centres across 13 cities and has a clientele roster ranging from Indian corporates as well as startups such as NoBroker, Redbus, upGrad. The company reported a total income of Rs 867.6 crore in FY24 compared to Rs 601.2 crore in FY23. Interestingly, for the three months ended June 30, 2024, the company derived 91.59% of its revenue from operations from centers in Bengaluru, Pune, and Chennai collectively. This trend was observed in FY24, FY23, and FY22. IndiQube has become the latest company to file for an IPO after several startups such as EV-maker and food delivery platform went public in 2024. Several companies including Ather Energy and omnichannel jewellery brand Bluestone has also filed draft papers to go public. The company’s DRHP also comes at a time when flexible workspaces are becoming a rising trend in the commercial office market as hybrid working models become more common. The Book Running Lead Managers to the offer are ICICI Securities Limited and JM Financial Limited and the equity shares are proposed to be listed on BSE and NSE. Edited by Affirunisa KankudtiQatar tribune Tribune News Network Kuwait City Fans would be in for a real treat on Wednesday night when Group B leaders Bahrain take on reigning champions Iraq at the 26th Arabian Cup, according to Bahrain’s charismatic coach Dragan Talajic. Bahrain share the top spot with Iraq after both won their opening ties on Saturday, but their dramatic 3-2 win over Saudi Arabia caught the eye of fans with the coach promising more thrills-and-spills at the Jaber Al Ahmed International Stadium. “We have monitored the Iraq team,” said Talajic at the pre-match press conference held at the Crowne Plaza. “I have full respect to them and they very well organised. A very good team who I have watched and analysed many times. I wish them well for the World Cup, but not for here! “We are preparing in the best way. It will be very difficult but, honestly, but I can trust my boys. God willing, we will recover quickly because the game against Saudi Arabia was very tough mentally and physically. But we will play nice football, as will Iraq, so it will be good for the fans to watch.” Talajic said that the last 20 minutes against Saudi Arabia showed the mental toughness of his team and said it was an aspect they had worked hard on in preparation for Iraq. “We are ready for everything,” he said. “I believe in my boys. We are mentally very strong. We know Iraq is a very good team and I respect the team, the people, the country. They will have big support, but we are Bahraini with a big heart. You will see it tomorrow.” Casas calls for fans’ support for Iraq Meanwhile, Iraq coach Jesus Casas has called for unity ahead of his side’s crucial match against Bahrain. Iraq share top spot with Bahrain after both sides won their opening games on Saturday night, but Iraq’s narrow 1-0 win over Yemen drew criticism from Iraq’s fans and media, who singled out full back Mustafa Sadoon in particular. “It is easy to be a man sitting in the TV and criticising,” said Casas at the pre-match press conference on Tuesday. “Mustafa makes one mistake and he gets so much criticism through social media which is not fair. It will just make the player nervous going into the pitch next. All players make a mistake, even at Real Madrid and Argentina. It’s a shame in my opinion. “Mustafa will be playing tomorrow night along with 10 other players.” Casas called for the nation to get behind the national team as they bid to retain the cup that they won at home two years ago, and said he expects criticism no matter what his tactics whenever his team loses or underperforms. “When we won seven matches consecutively by changing the line-ups, no-one complained,” he said. “If we lose tomorrow with different players they will complain. If we use the same line-up and lose they will again criticise, so it is the same. “I am proud to coach Iraq. I feel like the Iraqi people. I will be the happiest man in the world if we win this tournament and if we go the World Cup. We are so far from our families at this time of year (Christmas), because we are fighting for Iraq.” Casas said their focus has been on player recovery and video analysis of Bahrain in the build-up to tomorrow’s encounter, with a win for either team guaranteeing a place in the semi-finals with one match to play. “We have a very similar style and players to Bahrain. I hope to win. The match will be high quality and good for the spectator to see.” The match kicks off at 8.30pm at the Jaber Al Ahmad International Stadium. Copy 25/12/2024 10
Bamanga Usman Jada, Nigeria, the Managing Director and Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), was appointed by President Bola Ahmed Tinubu on October 13, 2023. A seasoned administrator with a robust educational background in economics and oil and gas operations management, Jada has significantly impacted Nigeria’s oil and gas sector. Under his leadership, OGFZA established two major oil and gas free zones in 2024: the 50,000 MT LPG Notore Oil and Gas Free Zone Facility in Onne, Rivers State, projected to attract over $5 billion in foreign direct investment (FDI) and create approximately 15,000 jobs; and a 20,000 MT LPG facility in Akwa Ibom State, expected to generate over $10 billion in investments and more than 7,000 jobs. These initiatives underscore Jada’s commitment to enhancing Nigeria’s economic landscape to attract strategic foreign direct investments. Jada’s tenure has also been marked by the attraction of over $24 billion in FDI to OGFZA. His efforts have not gone unnoticed; OGFZA received the Best Federal MDA for Ease of Doing Business Automation award from the Presidential Enabling Business Environment Council (PEBEC), in recognition of his leadership in transforming OGFZA into a model for digital governance within Nigeria’s public sector. Educated at Federal University of Technology Yola and the University of Central Lancashire, Jada’s career spans various roles in finance and project management within Nigeria’s energy sector. His affiliations with professional institutions reflect his dedication to continuous improvement and governance excellence. Born on March 2, 1983, in Jada Local Government Area of Adamawa State, Jada is married with children and remains committed to public service and national development.
US-Israeli citizen Omer Neutra was killed in Oct 7. Hamas attack, Israel confirms
(Reuters) – Meta’s Facebook and Instagram were down for thousands of users across the United States on Wednesday, according to outage tracking website Downdetector.com. There were more than 105,000 incidents of people reporting issues with Facebook and over 70,000 with Instagram, in an outage that started around 12:50 pm ET. WhatsApp, Meta’s messaging application, was also down for more than 12,000 users, according to Downdetector.com. The company did not immediately respond to a Reuters request for comment. Some Facebook and Instagram users posted on rival platform X that they were encountering an error that said “something went wrong” and that Meta was working to get it fixed. Hundreds of thousands of Facebook and Instagram users were impacted globally for more than two hours early this year by an outage that was caused by a technical issue.How major US stock indexes fared Monday, 12/2/2024
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