The Elmet Group Co., a U.S. provider of precision-engineered components and advanced high-energy systems, completed its upsized initial public offering (IPO) by selling approximately 9.9 million shares at $14 each. The offering included a full exercise of the underwriters' option to buy an additional 1.3 million shares, raising net proceeds of $125.5 million. Elmet plans to use the funds primarily to repay debt, with the remainder allocated for working capital, growth initiatives, and general corporate purposes. The company's shares began trading on the Nasdaq Capital Market under the ticker ELMT on April 23, 2026.
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
ARCpoint Inc. announced it will likely miss the July 29, 2026 deadline to file its annual financial statements and related reports due to a lack of funds to pay auditors. The company has applied for a Management Cease Trade Order (MCTO) and awaits ap...
The Rosen Law Firm is investigating potential securities claims against Putnam Investment Management, LLC, alleging that the company may have provided misleading business information to investors. Investors who purchased Putnam stock-based mutual fun...
Several stocks experienced significant declines today driven by company-specific events. SANUWAVE Health's shares dropped 39.21% despite strong revenue guidance, Twin Vee Powercats fell 30.95% amid a legal investigation, and Gorilla Technology declin...
The phase III ENDURANCE trial showed that two years of lenalidomide maintenance therapy offers the same long-term survival benefit as indefinite treatment for patients with standard-risk multiple myeloma who are not transplant candidates. After nearl...
