Investment & Financing
Vale Base Metals Finalizes Plans to Reduce Equity Interest in PT Vale Indonesia Tbk
TORONTO, Feb. 26, 2024 /PRNewswire/ -- Vale Base Metals ("VBM") informs that Vale Canada Limited ("VCL") signed a Definitive Agreement ("Agreement") with PT Mineral Industri Indonesia ("MIND ID") and Sumitomo Metal Mining Co., Ltd. ("SMM") regarding the divestment obligation of PT Vale Indonesia ...
European Space Agency and GSMA Foundry Forge Ahead with Partnership, including funding opportunities to help the industry pioneer new innovations in terrestrial-satellite communication
BARCELONA, Spain, Feb. 26, 2024 /PRNewswire/ -- The European Space Agency (ESA) and GSMA Foundry today announced a series of new initiatives – including up to €15 million in funding opportunities – to help the mobile and satellite industries collaborate on developing new, innovative satellite and...
Qiming Venture Partners Becomes a UN PRI Signatory
SHANGHAI, Feb. 26, 2024 /PRNewswire/ -- China's leading venture capital firm Qiming Venture Partners announced its recent signing of the United Nations-supported Principles for Responsible Investment (PRI). By signing the PRI, Qiming has joined an international network of over 5,000 signatories t...
BBMSL & China Rongzhong Announces Strategic Joint Venture and Financing Initiative
Partnership sets to enhance commercial credit management services and expand SME financing solutions HONG KONG, Feb. 26, 2024 /PRNewswire/ -- BBMSL Limited ("BBMSL") is pleased to announce a significant development in its strategic growth initiatives. In collaboration with China Rongzhong Finan...
Lotus Technology Celebrates Public Listing on Nasdaq
NEW YORK and SINGAPORE, Feb. 23, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, rang today's opening bell at the Nasdaq stock exchange inNew York City in celebration of its public listing. The Company's American deposita...
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
NEW YORK, Feb. 23, 2024 /PRNewswire/ -- Ace Global Business Acquisition Limited (NASDAQ: ACBA) (the "Company"), a special purpose acquisition company, announced today that Ace Global Investment Limited, the Company's initial public offering sponsor (the "Sponsor"), has deposited into the Company'...
NativeX, Vietnamese EdTech Startup Raises $4 Million in Just 8 Months to Revolutionize English Learning for Working Adults
HO CHI MINH CITY, Vietnam, Feb. 23, 2024 /PRNewswire/ -- NativeX, the innovative EdTech startup, has just secured$4 million in total funding within just 8 months since its launch. NativeX raised$1.5 million from angel investors through SAFE instruments inJune 2023, and it now completes its seed r...
Lotus Tech and L Catterton Asia Acquisition Corp Complete Business Combination
NEW YORK and SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, andL Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates ofL Catterton, a le...
Waterford PBSA: Expression of Interest for Issue of Debenture (in the form of notes)
PERTH, Australia, February 22, 2024 /PRNewswire/ -- Waterford PBSA Pty Ltd ACN 612 264 963 (the Issuer) is the registered proprietor of more than 7000 sqm of land adjacent to a top tier university inWestern Australia. The Issuer has entered into a development agreement with Exal Group Pty Ltd (th...
AlgoGroup, a tech-enabled pet brand platform, secures USD 1 million seed round of funding.
SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- AlgoGroup, a tech-enabled pet brand platform, securesUSD 1 million seed round of funding. The round was co-led by FoundFast and Primest Capital, with investment from notable angels including Thomas Hill (previously Founder of Clicksit before exit to Sorted)...
Stagwell Adds Philippines-Based Gaming and Experience Design Agency Octopus&Whale to Global Affiliate Program
NEW YORK and MANILA, Philippines, Feb. 22, 2024 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, has added Octopus&Whale, a Philippines-based game and experience design agency that helps companies parlay ideas into immersive communications, to its fast-...
DRUID Announces a 2.2X Increase in ARR for 2023
LONDON, Feb. 22, 2024 /PRNewswire/ -- DRUID, a leader in the field of conversational AI technology and a pioneer of the Conversational Business Applications category, today announced a significant milestone, reporting 2.2X growth in Annual Recurring Revenue (ARR), reaching$13 million in 2023. A...
Aon and NFP issue joint statement about the expiration of Hart-Scott-Rodino Antitrust Act waiting period for proposed acquisition agreement
DUBLIN, Feb. 21, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, andNFP, a leading middle market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, announced today that the waiting period has expired under the Har...
MultiMetaVerse Announces Letter of Intent to Acquire Majority Equity Stake in Taomee
NEW YORK and SHANGHAI, Jan. 12, 2023 /PRNewswire/ -- MultiMetaVerse Holdings Limited ("MMV" or the "Company"), an animation and entertainment company for young consumers inChina, today announced that it has entered into a non-binding letter of intent (the "Letter of Intent") with Orient TM Rui...
InnoCSR Secures New Investment from ADB Ventures, Garden Impact Fund, and Clarion Newlife Capital to Advance Green Non-Fired Brick Manufacturing in South Asia
KATHMANDU, Nepal and SEOUL, South Korea, Feb. 21, 2024 /PRNewswire/ -- InnoCSR, at the forefront of sustainable construction innovation, has secured a substantial investment for its technology, Good Bricks System, through a successful Series A funding round. This new investment comes fromADB Vent...
UST Acquires Leading Australian Process Transformation Company, Leonardo
Strategic acquisition further strengthens UST's position in the dynamic ANZ
market
MELBOURNE, Australia, Feb. 21, 2024 /PRNewswire/ -- UST
PLT Energia and GGS Energy LLC announce joint venture to realize renewable energy projects in Texas
MILAN, Feb. 21, 2024 /PRNewswire/ -- PLT Energia (PLT), one of the largest independent Italian groups in the renewable and energy storage sector, announced that its subsidiary PLT Energy US Corp has entered into a joint venture with GGS Energy LLC to develop more than 1 GW of renewable energy in ...
Alat announces four partnerships with leading global companies to rapidly progress technology manufacturing in Saudi Arabia
RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in theKingdom of Saudi Arabia, today announced four global partnerships with leading technology comp...
SMARTKEM ANNOUNCES JOINT DEVELOPMENT AGREEMENT WITH TIANMA
MANCHESTER, England, Feb. 20, 2024 /PRNewswire/ -- Smartkem, Inc. (OTCQB: SMTK
Lotus Tech and L Catterton Asia Acquisition Corp Announce Closing of Business Combination
Lotus Tech's American Depositary Shares to Begin Trading on the Nasdaq on February 23, 2024 under Ticker Symbol "LOT" NEW YORK and SINGAPORE, Feb. 20, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, andL Catterton Asia A...
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