Market Newsdesk

SAN ANTONIO, April 10, 2025 (GLOBE NEWSWIRE) — Rackspace Technology^® (NASDAQ: RXT), a leading end-to-end hybrid and AI solutions company, today announced the launch of Rackspace OpenStack Flex, an Enterprise-ready, on-demand, shared cloud service providing secure and open Infrastructure-as-a-Service (IaaS). Rackspace OpenStack Flex service includes 24×7 expert support and fully monitored and maintained infrastructure to facilitate adoption and ongoing applications operations, helping to bridge the gap between dedicated and multi-tenant cloud solutions.

“Rackspace OpenStack Flex makes managing workloads across the hybrid cloud landscape easier than ever. With our unified OpenStack-powered cloud platform, customers stay agile, compliant, and equipped to evolve in a fast-paced world,” said Lance Weaver, Chief Product and Technology Officer of Rackspace Private Cloud. “Our team of experts is committed to delivering our Fanatical Support every step of the way, ensuring customers have the guidance and confidence in their technology stack.”

Drawing on Rackspace’s expertise as co-creator of OpenStack with NASA, Rackspace OpenStack Flex is an open cloud service powered by proven OpenStack software to enable innovation, improve efficiency, and guarantee service levels for mission-critical applications. According to Rob Tiffany, Research Director of Cloud and Edge Infrastructure at IDC, “Over 80% of cloud buyers have plans to modernize their current cloud estate. This includes rethinking their technology choices and even who they do business with. Almost 90% of those buyers are in the process of deploying or are already operating a hybrid cloud.” Beyond addressing the increasing demands for modernization, Rackspace OpenStack Flex provides a platform that effortlessly scales and facilitates future innovation. This solution alleviates vendor lock-in concerns, enhances cost control, and increases hybrid-cloud effectiveness.

Key Benefits


From industry-leading security to enterprise-level support, Rackspace OpenStack Flex delivers these benefits to modern organizations:

• Open-source ecosystem: Avoid vendor lock-in and embrace a platform that supports innovation and community-driven enhancements.
• Security and compliance: Protect your business with a cloud solution that meets industry-leading security.
• Scalability and flexibility: Scale your infrastructure effortlessly to meet changing business demands without compromising performance.
• Cost efficiency: Reduce costs with a license-free solution that offers a compelling Total Cost of Operation (TCO) while maintaining high performance and reliability.
• Enterprise-level support: Access 24x7x365 expert support from Rackspace, ensuring your cloud operations run smoothly and efficiently.

Key Features


Drawing on years of continuous development and operating expertise, Rackspace has enriched this solution with these enhanced features:

• High availability, fault tolerance, and resiliency: Achieve maximum uptime with built-in availability, a fault-tolerant infrastructure, and integrated backup and disaster recovery options.
• Cost management: Gain control over your cloud spending by leveraging the cost advantages of an open-source, fully managed infrastructure that scales to meet your requirements.
• Integrated orchestration: Simplify application deployment and management with integrated orchestration for operating systems, virtual machines, and containers.

Click here for additional information on OpenStack Flex.
  
About Rackspace Technology   
Rackspace Technology is a leading end-to-end, hybrid, and AI solutions company. We can design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.
  
Media Contact: Natalie Silva, [email protected]

NEW YORK, April 10, 2025 (GLOBE NEWSWIRE) — Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Axsome Therapeutics, Inc. (NASDAQ: AXSM) breached their fiduciary duties to shareholders.

According to a federal securities lawsuit, Insiders at Axsome caused the company to misrepresent or fail to disclose (i) Axsome’s chemistry, manufacturing, and control (“CMC”) practices were deficient with respect to AXS-07 and its manufacturing process; (ii) as a result, Axsome was unlikely to submit the AXS-07 NDA on its initially represented timeline; (iii) the foregoing CMC issues remained unresolved at the time that the FDA reviewed the AXS-07 NDA; (iv) accordingly, the FDA was unlikely to approve the AXS-07 NDA; (v) as a result of all the foregoing, Axsome had overstated AXS-07’s regulatory and commercial prospects; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

If you are a long-term AXSM stockholder please contact Justin Kuehn, Esq. here, by email at [email protected] or call (833) 672-0814.  Kuehn Law pays all case costs and does not charge its investor clients.Shareholders should contact the firm immediately as there may be limited time to enforce your rights.  

Why Your Participation Matters:

As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™  

For additional information, please visit Shareholder Derivative Litigation – Kuehn Law.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
[email protected]
(833) 672-0814

Hong Kong, April 10, 2025 (GLOBE NEWSWIRE) — MasterBeef Group (the “Company”), a full-service restaurant group in Hong Kong, specializing in Taiwanese hotpot and Taiwanese barbecue, today announced the pricing of its initial public offering (the “Offering”) of 2,000,000 ordinary shares, par value US$0.0005 per share, at a public offering price of US$4.00 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on April 10, 2025 under the ticker symbol “MB”. The Company is also registering an aggregate of 1,815,000 ordinary shares for the potential resale by certain shareholders of the Company. These shares will not be underwritten by the underwriters and the Company will not receive any proceeds from the sale of the shares held by these resale shareholders.

The Company expects to receive aggregate gross proceeds of US$8.0 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about April 11, 2025, subject to the satisfaction of customary closing conditions.

Net proceeds from the Offering will be used for (i) the expansion of its restaurant network through the establishment of new restaurant outlets and its franchising endeavors in Hong Kong and overseas including Singapore and other Southeast Asian countries; (ii) its marketing and branding campaigns, including marketing and promotional activities to further expand its customer base and strengthen its brands; (iii) the production and sale of semi-finished food products such as packaged hotpot soup base and marinated food products; (iv) the investment in technology solutions for table service, inventory management and order processing, and the upgrade of the IT systems in its restaurant outlets; and (v) general corporate purposes that are beneficial in developing the business and its strategic direction.

The Offering is being conducted on a firm commitment basis. Dominari Securities LLC is acting as the lead underwriter for the Offering and Revere Securities LLC is acting as a co-underwriter. Schlueter & Associates, P.C. is acting as U.S. securities counsel to the Company, and Hunter Taubman Fischer & Li LLC is acting as U.S. securities counsel to the underwriters in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-283142) and was declared effective by the SEC on March 31, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained, when available, from Dominari Securities LLC, 725 Fifth Avenue, 23rd Floor, New York, NY 10022, or by email at [email protected], or by telephone at (212) 393-4500, or Revere Securities LLC, 560 Lexington Avenue, 16th Floor, New York, NY 10022, or by email at [email protected], or by telephone at (212) 688-2350. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About MasterBeef Group

MasterBeef Group is a full-service restaurant group in Hong Kong, specializing in Taiwanese hotpot and Taiwanese barbecue. The Company, through its Hong Kong Operating Subsidiaries, operates 12 restaurant outlets under the Master Beef and Anping Grill brands. For more information, please visit the Company’s website: masterbeefgroup.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements, including, but not limited to, the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the Registration Statement filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at


www.sec.gov



.

For more information, please contact:

MasterBeef Group

Email: [email protected]

NEW YORK, April 10, 2025 (GLOBE NEWSWIRE) — Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of The Estee Lauder Companies, Inc. (NYSE: EL) breached their fiduciary duties to shareholders.

According to a federal securities lawsuit, Insiders at Estee Lauder caused the company to make unrealistic and materially false statements about market demand for Estee’s products and its inventory levels and that these statements concealed the truth about Estee’s weakness in the market until, on May 3, 2023, Estee announced weaker sales and profit for the year than estimated and accordingly cut its fiscal year outlook for a third consecutive time. The price of Estee stock declined from $245.22 per share on May 2, 2023 to $202.70 per share on May 3, 2023.

If you currently own EL and purchased prior to August 18, 2022 please contact Justin Kuehn, Esq. here, by email at [email protected] or call (833) 672-0814.  Kuehn Law pays all case costs and does not charge its investor clients.Shareholders should contact the firm immediately as there may be limited time to enforce your rights.  

Why Your Participation Matters:

As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™  

For additional information, please visit Shareholder Derivative Litigation – Kuehn Law.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
[email protected]
(833) 672-0814

PALM BEACH, Fla., April 10, 2025 (GLOBE NEWSWIRE) — FN Media GroupNews Commentary – The global unmanned aerial system (UAS) military drones market has been rising steadily over the past years and it is projected to continue substantially into the next decade at least. A recent report from one such industry insider said that the surge in global defense budgets has had a significant impact on the global market. As political tensions rise worldwide, nations are investing in cutting-edge unmanned aerial systems (UAS) to bolster their defense and security capabilities. Increased defense expenditure has allowed countries like the United States, China, and other NATO members to allocate substantial funds to advanced drone programs, enhancing surveillance, supporting combat missions, and improving autonomous drone features.  Geopolitical tensions, especially in regions like Asia-Pacific, the Middle East, and Eastern Europe, are driving a significant demand for military drones. As nations seek to strengthen their surveillance, intelligence, and tactical capabilities, military drones have become integral to modern defense strategies.  Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Unusual Machines, Inc. (NYSE American: UMAC), General Dynamics (NYSE: GD), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), and Lockheed Martin (NYSE: LMT).

The report continued: “North America, with the United States leading the charge, dominates the military drone market. This leadership is driven by significant investments in advanced military technologies, a strong defense budget, and the presence of key industry players like General Atomics and Northrop Grumman. The U.S. military continues to strengthen its drone capabilities, emphasizing the development of state-of-the-art systems for a range of missions, including surveillance, reconnaissance, and combat operations. Moreover, the country is strategically investing in autonomous systems and artificial intelligence, ensuring its drones remain at the forefront of modern warfare and maintain a technological edge on the global stage… The U.S. military remains the largest operator of drones… These drones play a vital role in a wide range of operations, including reconnaissance, surveillance, combat, and logistics.”

Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO)
and SafeLane Global Enter into Multi-Year Agreement with Draganfly as the Preferred Global Provider of Landmine Mapping Drones and Aerial Survey Services – First Ukraine Landmine Aerial Survey Contract Underway

–
Draganfly Inc. (FSE: 3U8A) (“Draganfly” or the “Company”), an industry-leading developer of drone solutions and systems, today announced that it has been selected by SafeLane Global Ltd. (“SafeLane”) as its preferred unmanned aerial systems (UAS) and aerial survey provider.

SafeLane, a world-renowned specialist in explosive threat mitigation, is one of only two private organizations licensed by the Ukrainian Ministry of Defense to conduct landmine and explosive ordnance clearance operations in Ukraine. With over 30 years of experience across more than 60 countries, SafeLane supports governments, humanitarian organizations, and commercial clients in the clearance and disposal of landmines, unexploded ordnance (UXO), and explosive remnants of war (ERW), both on land and underwater.

Under the agreement, Draganfly will provide advanced drone solutions, including UAVs, specialized sensors, and data analysis services, to support SafeLane’s global mine action initiatives. The collaboration aims to enhance the speed, accuracy, and safety of explosive threat detection and removal operations in high-risk environments.

“We are honored to be selected as SafeLane’s UAS partner,” said Cameron Chell, President and CEO of Draganfly. “This partnership represents a significant opportunity to leverage Draganfly’s technology to support critical humanitarian and defense efforts. Together, we will work to deliver scalable, innovative solutions for global landmine action.”

The companies will co-develop joint intellectual property and standard operating procedures tailored for aerial mine detection and clearance. SafeLane will lead proposal submissions and operational deployment, while Draganfly will provide technology, mission planning, piloting, and survey analysis.

According to the Landmine Monitor 2023, more than 60 million landmines remain buried across over 60 countries, posing a persistent threat to civilians, especially children, who account for nearly half of the casualties. Ukraine is currently one of the most mine-contaminated countries in the world.

“Draganfly’s drone-based technology will significantly increase the safety and efficiency of our operations,” said Asa Gilbert, Director of Business Development at SafeLane. “This partnership is a critical step in helping communities recover from the legacy of conflict.”

The collaboration further positions Draganfly as a key player in the defense and humanitarian sectors, supporting efforts to create safer environments in some of the world’s most vulnerable regions.  CONTINUED…Read this full press release and more news for Draganfly at:  https://draganfly.com/news/

Other recent developments in the defense/military industries of note include:

Unusual Machines, Inc. (NYSE American: UMAC), a drone and drone components manufacturer, recently announced it filed its Form 10-K with the U.S. Securities and Exchange Commission (the “SEC”) for the fiscal year ended December 31, 2024 and provided the following letter to its shareholders from CEO Allan Evans.  Dear Shareholders,  This shareholder letter follows the completion of our fiscal year 2024. This is our first year being public. It has been an excellent fourth quarter and an incredible year. We continue to see great interest in the company and receive questions from shareholders. We would like to take this opportunity to provide context and deeper insights into our operations and what these represent for Unusual Machines’ future.

Unusual Machines revenue for the fourth quarter revenue was over $2.0 million which represents a sequentially quarter over quarter increase of approximately 31%. This is our best revenue quarter of all time (again) and was done while improving gross margins slightly to 28%. With the launch of our Blue Framework products, approximately 15% of our Q4 revenue was from enterprise sales. Our total revenue of $5.65M for FY2024 exceeded our target of $5M for 2024 by 13%. This growth was achieved without customer concentration as no single customer represented more than 5% of our total revenue for 2024.

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a technology company specializing in defense, national security, and global markets, recently announced the groundbreaking of Kratos’ Hypersonic System Indiana Payload Integration Facility (IPIF) in Crane, Indiana. This state-of-the-art 68,000-square-foot office, laboratory, integration and test complex will support critical hypersonic vehicle and payload activities and systems for the Multi-Service Advanced Capabilities Hypersonic Testbed (MACH-TB) program. The project demonstrates Kratos’ commitment to advancing hypersonic system payload integration and test capabilities and expanding crucial infrastructure needed to accelerate the time to Mach 5+ flight testing.

Eric DeMarco, President and CEO of Kratos, said: “The Kratos Hypersonic System Indiana Payload Integration Facility represents a strategic investment in our Nation’s hypersonic infrastructure, workforce and capabilities. Kratos is committed to achieving, if not exceeding, the MACH-TB program’s primary goals, which include, increasing the cadence of flight tests and to mature and qualify advanced hypersonic technologies. Kratos’ IPIF will provide a vital commercial launch vehicle environmental test and assembly capability to supplement existing DoD and NASA facilities.”

Lockheed Martin (NYSE: LMT) recently announced that it will webcast live its first quarter 2025 earnings results conference call (listen-only mode) on Tuesday, April 22, 2025, at 11 a.m. ET.  James Taiclet, chairman, president and CEO; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss first quarter 2025 results, provide updates on key topics and answer questions.  First quarter 2025 results will be published prior to the market opening on April 22.

The live webcast will be available at www.lockheedmartin.com/investor and the accompanying presentation slides and relevant financial charts will also be available on the same website prior to market open.

An on-demand replay of the webcast will be available through Tuesday, May 6, 2025, at www.lockheedmartin.com/investor, and a podcast will be available here.

General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE: GD), recently announced that it has expanded its technology partnership with Amazon Web Services (AWS) through a new Strategic Collaboration Agreement to drive digital modernization, deliver efficiencies and advance government missions.

GDIT and AWS will collaborate to develop cutting-edge cybersecurity, artificial intelligence, cloud migration and modernization solutions to accelerate digital transformation for defense, intelligence and civilian agencies. Government agencies will benefit from AWS’s cloud computing environment, widely considered to be one of the most secure available today, to support their unique missions. GDIT will leverage its research and development labs to collaborate with AWS on emerging technologies such as quantum, edge computing and high-performance computing.

About FN Media Group:

At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

Follow us on Facebook to receive the latest news updates:
https://www.facebook.com/financialnewsmedia

Follow us on Twitter for real time Market News:
https://twitter.com/FNMgroup

Follow us on Linkedin:
https://www.linkedin.com/in/financialnewsmedia/

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated twenty five hundred dollars for news coverage of the current press releases issued by Draganfly Inc. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact email: [email protected] – +1(561)325-8757 

SOURCE: FN Media Group, LLC.