Frequency Electronics, Inc. announced new contracts worth approximately $16 million for oscillators and timing systems supporting U.S. Government space and non-space programs, including a significant move into space defense. This expansion leverages their expertise in secure terrestrial communications to address space-based threats, incorporating advanced software and hardware solutions. The company also reported a fiscal year-end backlog exceeding $100 million for the first time, signaling strong future revenue growth. Frequency Electronics expects this backlog and new contracts to drive revenue growth starting fiscal 2027, aligning with its goal of at least $150 million in revenue within three years.
Oculis announced that its Phase 3 DIAMOND trials for OCS-01 eye drops in diabetic macular edema did not meet the primary endpoint of improved visual acuity after 52 weeks. However, the treatment showed significant and lasting reduction in retinal thi...
Allied Gold Corporation announced that Zijin Gold has received approval under the Investment Canada Act for its proposed acquisition of Allied Gold. This approval completes the Canadian regulatory process for the transaction. The deal has also cleare...
Kentucky First Federal Bancorp announced a special board meeting on July 28, 2026, to consider resuming quarterly dividends on its common stock, potentially up to $0.10 per share. The company has suspended dividends since November 2023, and no final ...
Universal Music Group's Board of Directors unanimously rejected an unsolicited buyout proposal from Pershing Square Capital Management, stating it undervalues the company and won't create superior value. The Board, supported by shareholders, highligh...
Cuprina Holdings completed a reverse stock split on May 27, 2026, aiming to meet Nasdaq's minimum $1.00 bid price requirement after failing to regain compliance. The company requested a hearing with the Nasdaq Hearings Panel to appeal a delisting det...
