The XAI Floating Rate & Alternative Income Trust (XFLT) is facing the possibility of liquidation at full net asset value if its board fails to secure 67% shareholder approval for a permanent sub-advisor plan. Currently, XFLT trades at about 80% of its net asset value, causing frustration among shareholders who feel the existing liquidity plan is inadequate. The board has already replaced Octagon with King Street as sub-advisor but can only retain King Street for 150 days without the required shareholder vote. Shareholders are pushing for more decisive actions, including potential fund liquidation, reverting to Octagon with a tender offer, or terminating the advisory agreement altogether.
Telix Pharmaceuticals announced it will release its financial results for the half-year ended June 30, 2026, on August 20, 2026. An investor webcast and conference call will be held the same day to discuss the results. Telix is a global radiopharmace...
Inno Holdings Inc., a Texas-based electronic products trading company, announced that its common stock will resume trading on The Nasdaq Capital Market on July 31, 2026, around noon Eastern Time. This follows a trading halt imposed by Nasdaq under Co...
The FDA's advisory committee voted 10 to 3 that the efficacy results from Replimune's IGNYTE study on RP1 combined with nivolumab for advanced melanoma are evaluable and clinically meaningful. This positive outcome supports the ongoing FDA review of ...
SAP Fioneer has introduced its Cloud Accounting Subledger, a cloud-based solution designed to help financial institutions manage complex multi-GAAP accounting requirements. The platform consolidates accounting standards like IFRS and US GAAP into a s...
DBV Technologies announced a $50 million capital raise through the issuance of new American Depositary Shares (ADS) under its At-The-Market (ATM) program on Nasdaq. The placement involves issuing 3.66 million ADS, each representing five ordinary shar...
