Sound Energy PLC has agreed to sell its remaining 20% stake in the Tendrara gas development in Morocco to Managem for a deal valued at $57 million. The sale will leave Sound Energy with $11 million in cash after repaying its €28.8 million senior secured notes, effectively eliminating its debt. This marks Sound Energy's full exit from Morocco as it also relinquishes other exploration interests there. The company aims to refocus on energy transition and upstream hydrocarbon projects outside Morocco as a debt-free entity. Shares fell 33% following the announcement due to the exit and project delays, with first gas now expected in Q3 2026 instead of October 2025.
Halper Sadeh LLC is investigating whether the sales and mergers involving Utz Brands, BioLife Solutions, and Northrim BanCorp provide fair financial terms to their shareholders. The firm suspects insiders might gain benefits not available to ordinary...
Mesoblast announced $36 million in net revenue for Q4 and $115 million for the first full year following FDA approval of its Ryoncil therapy, used to treat steroid-refractory acute graft versus host disease (SR-aGvHD) in children. The company is expa...
Fortuna Mining Corp. has approved a $109 million expansion of its Séguéla Gold Mine in Côte d’Ivoire, increasing processing capacity by 30% from 1.75 to 2.3 million tonnes per annum and improving gold recovery to 94.5%. This expansion includes upgrad...
A class action lawsuit has been filed against Park Ha Biological Technology for allegedly being involved in a market manipulation and fraudulent promotion scheme using social media misinformation and impersonation of financial professionals. The comp...
The US Federal Communications Commission (FCC) has restricted imports of foreign-made humanoid robots citing cybersecurity risks, escalating tensions with China. China's commerce ministry condemned the move, calling it damaging to US-China trade rela...
