Edgewise Therapeutics Announces Pricing of $200 Million Underwritten Offering of Common Stock

PR Newswire


BOULDER, Colo.
, April 2, 2025 /PRNewswire/ — Edgewise Therapeutics, Inc. (NASDAQ: EWTX), a leading muscle disease biopharmaceutical company, today announced the pricing of an underwritten offering of 9,935,419 shares of its common stock at an offering price of $20.13 per share. Edgewise anticipates gross proceeds from the offering to be approximately $200 million, before deducting underwriting discounts and commissions and offering expenses. The closing of the offering is expected to occur on April 3, 2025, subject to the satisfaction of customary closing conditions.

The deal included participation from Braidwell LP, Cormorant Asset Management, Driehaus Capital Management, Invus, Janus Henderson Investors, MPM BioImpact, OrbiMed, Paradigm BioCapital Advisors, Perceptive Advisors, RA Capital Management and Sofinnova Investments, Inc., among other funds. Leerink Partners, Piper Sandler, Guggenheim Securities and Truist Securities acted as joint book-running managers for the offering.

Edgewise intends to use the net proceeds from the offering to support the potential U.S. commercial launch of sevasemten in patients with Becker muscular dystrophy, if approved, and advancement of a Phase 3 trial with sevasemten in Duchenne muscular dystrophy, Phase 3 trials of EDG-7500 in patients with obstructive and non-obstructive hypertrophic cardiomyopathy and Edgewise’s other ongoing research and development programs, and for working capital and general corporate purposes. The shares are being offered by Edgewise pursuant to a Registration Statement on Form S-3ASR previously filed with the U.S. Securities and Exchange Commission (the SEC) and which automatically became effective upon filing. A prospectus supplement and accompanying prospectus relating to the offering will also be filed with the SEC. These documents can be accessed for free through the SEC’s website at www.sec.gov.

When available, a copy of the prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from: Leerink Partners LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, MA 02109, or by telephone at (800) 808-7525, ext. 6105, or by email at [email protected]; Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, or by telephone at (800) 747-3924, or by email at [email protected]; Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New York, NY 10017, or by telephone at (212) 518-9544, or by email at [email protected]; or Truist Securities, Inc., Attention: Prospectus Department, 3333 Peachtree Road NE, 9th Floor, Atlanta, GA 30326, or by telephone at (800) 685-4786, or by email at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Edgewise Therapeutics

Edgewise Therapeutics is a leading muscle disease biopharmaceutical company developing novel therapeutics for muscular dystrophies and serious cardiac conditions. The Company’s deep expertise in muscle physiology is driving a new generation of novel therapeutics. Sevasemten is an orally administered skeletal myosin inhibitor in late-stage clinical trials in Becker and Duchenne muscular dystrophies. EDG-7500 is a novel cardiac sarcomere modulator for the treatment of hypertrophic cardiomyopathy and other diseases of diastolic dysfunction, currently in Phase 2 clinical development. The entire team at Edgewise is dedicated to our mission: changing the lives of patients and families affected by serious muscle diseases.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements. Words such as “believes,” “anticipates,” “plans,” “expects,” “intends,” “will,” “goal,” “potential” and similar expressions are intended to identify forward-looking statements. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from current expectations and beliefs, including but not limited to: general economic and market conditions; satisfaction of customary closing conditions related to the offering; the timing, progress and results of clinical trials for sevasemten and EDG-7500; the timing, scope and likelihood of regulatory filings and approvals; and other risks. Information regarding the foregoing and additional risks may be found in the section entitled “Risk Factors” in documents that Edgewise files from time to time with the SEC. These forward-looking statements are made as of the date of this press release, and Edgewise assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.

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SOURCE Edgewise Therapeutics

NETSCOUT Reports DDoS Attacks Targeting Critical Infrastructure Play a Dominant Role in Geopolitical Conflicts

NETSCOUT Reports DDoS Attacks Targeting Critical Infrastructure Play a Dominant Role in Geopolitical Conflicts

DDoS attacks are precision-guided digital weapons as DDoS-for-hire services, AI and powerful botnets drive onslaught of attacks

WESTFORD, Mass.–(BUSINESS WIRE)–
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) today released its 2H2024 DDoS Threat Intelligence Report, revealing how Distributed Denial of Service (DDoS) attacks have become a dominant means of waging cyberwarfare linked to sociopolitical events such as elections, civil protests, and policy disputes. The findings show how attackers exploit moments of national vulnerability to amplify chaos and erode trust in institutions, as they target the critical infrastructure of governments, commercial entities and service providers.

Throughout the year, DDoS attacks were intricately tied to social/political events, including Israel experiencing a 2,844% surge tied to hostage rescues and political conflicts, Georgia enduring a 1,489% increase during the lead-up to the passage of the “Russia Bill,” Mexico having a 218% increase during national elections, and the United Kingdom experiencing a 152% increase on the day the Labour Party resumed session in Parliament.

“DDoS has emerged as the go-to tool for cyberwarfare,” stated Richard Hummel, director, threat intelligence, NETSCOUT. “NoName057(16) continues to be the leading actor for politically motivated DDoS campaigns targeting governments, infrastructure, and organizations. In 2024, they repeatedly targeted government services in the United Kingdom, Belgium, and Spain.”

AI and Automation Drive Scale and Impact

DDoS-for-hire services have become more powerful using AI for CAPTCHA bypassing, with about nine in ten platforms now offering this capability. Additionally, many employ automation to enable dynamic, multi-target campaigns and offer infrastructure exploitation techniques such as carpet bombing, geo-spoofing, and IPv6 to expand attack surfaces. Even the most novice operators can launch significant DDoS attack campaigns causing substantial harm.

Botnets Playing a Bigger Role

Enterprise servers and routers have been exploited to intensify attacks and make remediation more challenging. Overall botnet populations declined by 5% but demonstrated strong resiliency despite concerted takedown efforts. Law enforcement takedown efforts, like Operation PowerOFF, continue to target DDoS-for-hire services but only momentarily disrupt attack platforms as new platforms take their place. The long-term impact is uncertain as attackers adapt and reconstitute their networks, with no significant decline in global attack volume.

DDoS Attacks are Adaptive and Persistent

DDoS attacks are evolving and adapting faster than ever, creating a challenge for defenders and those entrusted with protecting critical infrastructure networks and service availability. Enterprises, government organizations, and service providers are all targets for DDoS attacks. Successful strategies must deploy proactive intelligence-driven methodologies and automation to mitigate modern-day DDoS attacks effectively. Staying ahead of new threats demands that organizations outmaneuver an adversary that can force multiply its strength, speed, intelligence, and persistence like nothing the world has ever seen.

Unparalleled Attack Visibility

NETSCOUT maps the DDoS landscape through passive, active, and reactive vantage points, providing unparalleled visibility into global attack trends. NETSCOUT protects two-thirds of the routed IPv4 space, securing network edges that carried global peak traffic of over 700 Tbps in 2H2024. It monitors tens of thousands of daily DDoS attacks by tracking multiple botnets and DDoS-for-hire services that leverage millions of abused or compromised devices.

Visit our website to learn more about NETSCOUT’s DDoS Threat Intelligence Report. For real-time DDoS attack stats and insights, visit NETSCOUT Cyber Threat Horizon.

About NETSCOUT

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) protects the connected world from cyberattacks and performance and availability disruptions through its unique visibility platform and solutions powered by its pioneering deep packet inspection at scale technology. NETSCOUT serves the world’s largest enterprises, service providers, and public sector organizations. Learn more at www.netscout.com or follow @NETSCOUT on LinkedIn, X, or Facebook.

©2025 NETSCOUT SYSTEMS, INC. All rights reserved. Third-party trademarks mentioned are the property of their respective owners.

Chris Lucas

NETSCOUT Systems, Inc.

+1 978 614 4124

[email protected]

Chris Shattuck

Finn Partners for NETSCOUT

+1 404 502 6755

[email protected]

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Software Mobile/Wireless Networks Data Management White House/Federal Government Technology State/Local Artificial Intelligence Security Elections/Campaigns Telecommunications Public Policy/Government

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Coleman® Introduces New Line of Coleman Pro Coolers, Built for Extreme Durability and Ultimate Transportability

Coleman® Introduces New Line of Coleman Pro Coolers, Built for Extreme Durability and Ultimate Transportability

Built to Last, the Coleman Pro Outperforms the Competition

ATLANTA–(BUSINESS WIRE)–
For over 125 years, outdoor enthusiasts have counted on Coleman® to deliver reliable, high-performance gear that makes spending time outside easier and more enjoyable. Now, the globally recognized leader in outdoor gear is proud to introduce its latest innovation: Coleman Pro Coolers. Designed for extreme durability, superior insulation, and effortless transportability, Coleman Pro Coolers set a new standard in the industry. “The Coleman Pro Cooler is the most durable cooler we’ve ever engineered. We pushed it to the limit with repeated drop tests and over 1,000 hours of rugged road testing – and it exceeded every expectation. This cooler is built to go anywhere and handle anything, and I’m proud to stand behind it,” Luke Eck, Director of Outdoor Research & Development.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250402610847/en/

Coleman® Introduces New Line of Coleman Pro Coolers, Built for Extreme Durability and Ultimate Transportability.

Coleman® Introduces New Line of Coleman Pro Coolers, Built for Extreme Durability and Ultimate Transportability.

Built to outlast the competition, Coleman Pro Coolers deliver maximum ice retention, a rugged yet minimalist design, and unmatched ease of use—all at just 60% of the price of premium competitors. The coolers are engineered for adventure, with extra thick walls, plus a fully insulated lid and gasket allowing for maximum durability and up to five days of ice retention. Coleman Pro coolers are also easy to transport thanks to lightweight yet durable materials. Additional key features include:

  • Up to 30% lighter than rotomolded coolers of the same capacity allowing you to get outside easier.
  • Industry leading 10-year warranty. Built to last, backed by our word.
  • Oversized rubber wheels to navigate any terrain.
  • Built with sturdy steel latches that you can open and close with one hand.
  • Attached oversized drain plug allows for fast draining.
  • Sturdy enough to serve as extra seating while tailgating, sidelining, or entertaining.
  • Non-slip feet so your cooler doesn’t slide when you’re on the go.
  • Tiedown slots to secure your cooler and pad-lock opening allows for extra security.

The new Coleman Pro Coolers embody Coleman’s legacy of reliable, trustworthy outdoor gear by offering a premium, performance-driven experience at an accessible price. The new Coleman Pro line offers a range of hard coolers, available in 25, 45, and 55 QT sizes, ranging from $159 to $299+. The new collection also features soft coolers, offering additional on-the-go cooling solutions available in 16 Can and 24 Can sizes for $59 to $79.

From backyard barbecues to sideline celebrations, Coleman Pro Coolers help you spend more time together outside, because life is better outdoors. When it comes to durability, portability, and performance, you can count on Coleman—every time.

For more information, visit Coleman.com or follow us on social media @ColemanUSA.

About Coleman:

For over 120 years, The Coleman Company, Inc. has been a trusted partner for unforgettable moments outside. Whether you’re cheering on your team or enjoying a cookout with friends, Coleman makes every outdoor adventure more memorable. We believe that the joy of outdoor gatherings brings people closer together—strengthening bonds and creating lasting memories. To learn more, visit coleman.com and follow us on Instagram.

About Newell Brands:

Newell Brands (NASDAQ: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, Sharpie®, Graco®, Coleman®, Rubbermaid Commercial Products®, Yankee Candle®, Paper Mate®, FoodSaver®, Dymo®, EXPO®, Elmer’s®, Oster®, NUK®, Spontex® and Campingaz®. Newell Brands is focused on delighting consumers by lighting up everyday moments.

Alison Brod Marketing + Communications

[email protected]

KEYWORDS: United States North America Georgia

INDUSTRY KEYWORDS: Online Retail Retail Sports Other Retail Other Sports Specialty Food/Beverage

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Coleman® Introduces New Line of Coleman Pro Coolers, Built for Extreme Durability and Ultimate Transportability.
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Target and kate spade new york Partner for One of Target’s Largest Limited-Time Collections

PR Newswire

The limited-time-only kate spade new york x Target collection includes over 300 pieces spanning apparel, accessories and home décor, with over half of the collection available for $15 and under


MINNEAPOLIS
, April 2, 2025 /PRNewswire/ — Target Corporation (NYSE: TGT) today announced the launch of a limited-time collection of fashion, home and entertaining essentials with global lifestyle brand kate spade new york — an assortment designed to turn everyday moments into celebratory occasions. The kate spade new york x Target collection brings together the best of both brands — delivering aspirational designs and accessible style, while reinforcing the retailer’s reputation for offering high-quality, stylish collaborations at an affordable value. 

Launching April 12, the collection features more than 300 items, including women’s, kids’ and baby apparel (with extended sizing and adaptive styles), handbags, home accessories and entertaining must-haves — offering anything and everything guests might need to style, decorate and host with ease. Whether they’re celebrating a milestone or embracing the smaller moments of joy in life, guests will find chic prints, accessories and more. Inspired by the idea that any day can become a reason to celebrate — whether an impromptu gathering or toasting one of life’s big milestones — guests will find an assortment complete with a crisp color palette, a fresh take on nostalgic patterns and a classic kate spade twist, all at an accessible price. Over half of the collection is available for $15 and under, with prices starting at just $5

“With versatile pieces that work for every occasion and can’t-miss prices, this partnership brings together kate spade’s signature style with Target’s legacy of making the best design accessible to all,” said Jill Sando, Target’s executive vice president and chief merchandising officer, apparel and accessories, home and hardlines. “Our teams worked together for two years to create this collection, and I can’t wait for consumers to see everything we have to offer. It’s stylish, affordable and loaded with items that’ll add plenty of joy to everyday moments.” 

A partnership that sparks joy 

Since 1993, kate spade new york has been known for a spirited approach and playful wit. Together with its community, the brand has built a lifestyle around celebrating everyday moments, while delivering seasonal products that are cleverly nuanced and thoughtfully constructed. Now, it is bringing its signature spirit to this partnership, offering Target guests endless ways to infuse the kate spade aesthetic into any occasion.  

“kate spade new york has always been rooted in joy. Our products deliver a distinct point of view that blends effortless style with a youthful edge,” said Charlotte Warshaw, VP, Americas Wholesale, Global Licensing & Collaborations of kate spade new york. “This iconic collaboration with Target does just that. We’re excited for customers across generations to experience a little piece of the magic we’ve created together.”  

Style for every celebration 

Spring is all about entertaining, and Target continues to see strong guest demand for party essentials like décor, favors, stationery and more, along with ongoing interest in its dress shop and occasion-based dressing. This collection delivers on these trends with thoughtfully designed pieces for hosting, styling and making every moment memorable. 

kate spade new york’s signature style is reflected throughout the collection, particularly in its versatile assortment of apparel and accessories for women of all ages, kids and baby. Graphic tees, two-piece sets, tops, shorts, skirts and dresses in a range of silhouettes can be mixed and matched to create a personalized look. With classic handbags and playful bag charms, guests can embrace every occasion, from casual days to special celebrations. 

Guests will find statement-making pieces that make entertaining and dressing up effortless and fun, including: 

  • Women’s Tiered Ruffle Midi Tank Dress
  • Stripe Knit Crossbody Bag in Green/Blue
  • Mixed Novelty Chunky Charm Bracelet  
  • 4-piece Melamine Dinner Plate Set in Black/Cream/Green 

Explore the lookbook to view the full collection.  

The collection also includes an eclectic mix of drink and dining ware, colorful party décor such as balloons and lanterns, and playful games like checkers and cornhole to inspire meaningful moments. Unexpected items — like a disposable camera and vintage-inspired record player — allow hosts to plus-up the party and capture lasting memories. For those looking to go even bigger, select items like a party tent for $200 and a designer bicycle for $300 add an extra touch of style and fun to any occasion. How guests can shop the collection: 

  • Special launch events: Guests can get an early preview of the collection at New York City’s Grand Central Station on April 2. 
  • In-store experience: Most stores will feature a dedicated shopping space with a first-ever limited-time offer of store-only items — including a small capsule of Target red handbags, bicycles and more 
  • Online: The collection will be available to browse and shop on Target.com starting April 12
  • Same-day pickup: This fulfillment option will allow guests to shop online and pick up their items in store through Drive Up and Order Pickup 
  • Same-day delivery: Members of Target Circle 360 can get free same-day delivery on orders over $35, while all guests can access same-day delivery for a fee 

About Target 


Minneapolis-based Target Corporation (NYSE: TGT)
serves guests at nearly 2,000 stores and on Target.com with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found by visiting the corporate website and press center. 

About kate spade new york 

Since its launch in 1993 with a collection of six essential handbags, Kate Spade New York has always stood for color, wit, optimism, and femininity. Today, it is a global lifestyle brand synonymous with joy, delivering seasonal collections of handbags, ready-to-wear, jewelry, footwear, gifts, home décor and more. Known for its rich heritage and unique brand DNA, Kate Spade New York offers a distinctive point of view, and celebrates communities of women around the globe who live their perfectly imperfect lifestyles. Kate Spade New York is part of the Tapestry house of brands. 

    

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SOURCE Target Corporation

CareTrust REIT Announces $55 Million Acquisition of Two California Facilities in Separate Transactions

CareTrust REIT Announces $55 Million Acquisition of Two California Facilities in Separate Transactions

SAN CLEMENTE, Calif.–(BUSINESS WIRE)–
CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of two facilities in separate transactions with a total investment amount of approximately $55 million.

On April 1, 2025, the company acquired a skilled nursing and assisted living campus facility located in Los Alamitos, California. The campus includes a 150-bed skilled nursing facility and a 140-bed residential care facility for the elderly. CareTrust’s acquisition of the campus facility was completed through a joint venture arrangement entered into between CareTrust and a third-party healthcare real estate owner. At closing, CareTrust provided a combined common equity and preferred equity investment totaling approximately $34 million at an initial contractual yield on its combined preferred and common equity investments in the joint venture of approximately 9.7%. The joint venture has leased the facility to affiliates of The Ensign Group (NASDAQ: ENSG) pursuant to a new 15-year NNN lease that includes two, 5-year extension options and annual CPI-based escalators.

CareTrust has also announced that on March 1, 2025, the company acquired a 160-bed residential care facility for the elderly located in Concord, California for approximately $20.6 million, inclusive of transaction costs. The Concord facility will be operated by, and has been added to CareTrust’s existing master lease with, affiliates of Kalesta Healthcare Group. Annual cash rent for the first year is approximately $1.9 million, with CPI-based annual escalators.

“We are excited to add two additional, solidly-performing facilities to our portfolio,” said James Callister, CareTrust’s Chief Investment Officer. Mr. Callister went on to state that, “We are always excited to expand our relationship with affiliates of The Ensign Group as they bring their outstanding operating expertise to the employees, residents, and patients of this Los Alamitos community.’

Joe Callan, a Senior Vice President at CareTrust, stated that, “To expand our relationship with an operator of Kalesta’s quality is an exciting seniors housing opportunity for us as we continue our mission of matching opportunities with best-in-class operators.”

The investments were funded using cash on hand.

About CareTrustTM

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States and internationally. More information about CareTrust REIT is available at www.caretrustreit.com.

About EnsignTM

The Ensign Group, Inc.’s independent operating subsidiaries provide a broad spectrum of skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 343 healthcare facilities in Alabama, Alaska, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. More information about Ensign is available at http://www.ensigngroup.net.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and statements regarding the Company’s intent, belief or expectations, including, but not limited to, statements regarding the closing of the transaction, lease arrangements for the acquired facilities, and the Company’s investment pipeline.

Words such as “anticipate,” “believe,” “could,” “expect,” “estimate,” “intend,” “may,” “plan,” “seek,” “should,” “will,” “would,” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements, though not all forward-looking statements contain these identifying words. The Company’s forward-looking statements are based on management’s current expectations and beliefs, and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although the Company believes that the assumptions underlying these forward-looking statements are reasonable, they are not guarantees and the Company can give no assurance that the transaction will close in the anticipated timeframe, or at all, or that its expectations will be attained. Factors which could have a material adverse effect on the Company’s operations and future prospects or which could cause actual results to differ materially from expectations include, but are not limited to: (i) uncertainties as to the timing of closing of the transaction and other anticipated investments; (ii) the possibility that conditions to closing the transaction may not be satisfied or waived; (iii) the ability and willingness of our tenants to meet and/or perform their obligations under the triple-net leases we have entered into with them, including without limitation, their respective obligations to indemnify, defend and hold us harmless from and against various claims, litigation and liabilities; (iv) the risk that we may have to incur additional impairment charges related to our assets held for sale if we are unable to sell such assets at the prices we expect; (v) the impact of healthcare reform legislation, including minimum staffing level requirements, on the operating results and financial conditions of our tenants; (vi) the ability of our tenants to comply with applicable laws, rules and regulations in the operation of the properties we lease to them; (vii) the ability and willingness of our tenants to renew their leases with us upon their expiration, and the ability to reposition our properties on the same or better terms in the event of nonrenewal or in the event we replace an existing tenant, as well as any obligations, including indemnification obligations, we may incur in connection with the replacement of an existing tenant; (viii) the availability of and the ability to identify (a) tenants who meet our credit and operating standards, and (b) suitable acquisition opportunities and the ability to acquire and lease the respective properties to such tenants on favorable terms; (ix) the ability to generate sufficient cash flows to service our outstanding indebtedness; (x) access to debt and equity capital markets; (xi) fluctuating interest rates; (xii) the impact of public health crises, including significant COVID-19 outbreaks as well as other pandemics or epidemics; (xiii) the ability to retain our key management personnel; (xiv) the ability to maintain our status as a real estate investment trust (“REIT”); (xv) changes in the U.S. tax law and other state, federal or local laws, whether or not specific to REITs; (xvi) other risks inherent in the real estate business, including potential liability relating to environmental matters and illiquidity of real estate investments; and (xvii) any additional factors included in our Annual Report on Form 10-K for the year ended December 31, 2024, including in the section entitled “Risk Factors” in Item 1A of such reports, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the SEC.

As used in this press release, unless the context requires otherwise, references to “CTRE,” “CareTrust,” “CareTrust REIT” or the “Company” refer to CareTrust REIT, Inc. and its consolidated subsidiaries.

CareTrust REIT, Inc.

(949) 542-3130

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Health Hospitals Commercial Building & Real Estate Managed Care Construction & Property REIT

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So-Young International Inc. Announces Share Purchase by Controlling Shareholder

PR Newswire


BEIJING
, April 2, 2025 /PRNewswire/ — So-Young International Inc. (Nasdaq: SY) (“So-Young” or the “Company”), the leading aesthetic treatment platform in China connecting consumers with online services and offline treatments, today announced that the Company had been informed by Mr. Xing Jin, the Company’s chairman of the board of directors, chief executive officer, and controlling shareholder, that on March 31, 2025, Beauty & Health Holdings Limited, a company incorporated in the British Virgin Islands and controlled by Mr. Xing Jin, purchased a total of 4,544,820 American depositary shares (“ADSs”) representing 3,496,015.38 Class A ordinary shares of the Company in the open market in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended, using personal funds (the “Share Purchase”). This increases Mr. Xing Jin’s total beneficial ownership to 24.9 % of the Company’s outstanding shares[1]. The ADSs were purchased at a price of US$ 0.9 per ADS, for a total aggregate purchase price of US$ 4,090,338.

The directors of our Company do not expect that the Share Purchase will have any material adverse impact on the financial position and business operation of the Company. For more details, please refer to the Company’s SEC filings, including an amended 13D/A of Mr. Xing Jin, available at https://www.sec.gov/Archives/edgar/data/1758530/000110465925030571/xslSCHEDULE_13D_X01/primary_doc.xml

Mr. Xing Jin, chairman of the board of directors and chief executive officer of So-Young, commented, “this Share Purchase demonstrates my continued confidence in the Company and its long-term growth prospects.”


[1] The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by Mr. Xing Jin by all of the Company’s issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of February 28, 2025.

About So-Young International Inc.

So-Young International Inc. (Nasdaq: SY) (“So-Young” or the “Company”) is the leading aesthetic treatment platform in China connecting consumers with online services and offline treatments. The Company provides access to aesthetic treatments through its online platform and branded aesthetic centers, offering curated treatment information, facilitating online reservations, delivering high-quality treatments, and developing, producing and distributing optoelectronic medical equipment and injectable products. With its strong brand recognition, digital reach, affordable treatments and efficient supply chain, So-Young is well-positioned to serve its audience over the long term and grow along the medical aesthetic value chain.


Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Statements that are not historical facts, including but not limited to statements about So-Young’s beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and So-Young undertakes no duty to update such information, except as required under applicable law.

For more information, please contact:

So-Young

Investor Relations
Ms. Mona Qiao
Phone: +86-10-8790-2012
E-mail: [email protected] 

Christensen

In China
Ms. Dee Wang
Phone: +86-10-5900-1548
E-mail: [email protected] 

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: [email protected]

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SOURCE So-Young International Inc.

Edgewise Therapeutics Announces Positive Top-Line Results from Phase 2 CIRRUS-HCM Four-Week Trial of EDG-7500 in Hypertrophic Cardiomyopathy (HCM)

PR Newswire


Phase 2 trial of EDG-7500 demonstrated rapid and clinically meaningful reductions in LVOT gradients in participants with obstructive HCM


Four-week treatment with EDG-7500 demonstrated substantial improvements in measures of feel and function, reductions in key cardiac biomarkers and positive trends in measures of diastolic function


EDG-7500 was generally well-tolerated; clinical activity was observed without meaningful changes in LVEF, including no participant with a value below 50%


BOULDER, Colo.
, April 2, 2025 /PRNewswire/ — Edgewise Therapeutics, Inc., (Nasdaq: EWTX), a leading muscle disease biopharmaceutical company, today announced positive top-line data of EDG-7500 from the Phase 2 CIRRUS-HCM four-week trial in participants with obstructive or nonobstructive HCM. EDG-7500 is a novel oral, selective, cardiac sarcomere modulator, specifically designed to slow early contraction velocity and address impaired cardiac relaxation associated with HCM without impacting systolic function.

CIRRUS-HCM is a multi-part, open-label trial of EDG-7500 in individuals with HCM. In September 2024, the Company announced positive top-line data from Part A of the trial showing that a single oral dose of EDG-7500 in participants with obstructive HCM demonstrated robust reductions in left ventricular outflow tract gradient (LVOT-G) without meaningful changes in left ventricular ejection fraction (LVEF).

Part B of CIRRUS-HCM included 17 participants with obstructive HCM and Part C included 12 participants with nonobstructive HCM.  Both parts of the trial evaluated the safety and efficacy of once-daily doses of 50 or 100 mg of EDG-7500 for four weeks.

In participants with obstructive HCM, EDG-7500 demonstrated meaningful dose-dependent reductions in LVOT-G at rest and post Valsalva. Participants receiving 100 mg experienced mean reductions from baseline of 71% and 58% in resting and provokable (Valsalva) gradients, respectively. Importantly, gradient reductions were achieved without meaningful changes in LVEF.  Treatment with 100 mg of EDG-7500 also demonstrated a 62% mean reduction from baseline in NT-proBNP, a key biomarker of heart failure. In addition, positive trends in echocardiographic parameters of diastolic function were observed following treatment with EDG-7500. Clinically meaningful improvements were also observed on the Kansas City Cardiomyopathy Questionnaire Overall Summary Score (KCCQ-OSS), with a substantial mean increase of 23 points observed at the 100 mg dose. In addition, treatment with 100 mg of EDG-7500 over four weeks demonstrated improvements on the NYHA functional class score.  Seventy-eight percent of participants improved by ≥ 1 NYHA Class, and 67% improved to NYHA Class I (i.e. asymptomatic).

In participants with nonobstructive HCM, EDG-7500 administration resulted in a dose-dependent reduction in NT-proBNP, with a 42% mean decrease from baseline at 100 mg. A positive trend in an echocardiographic parameter of diastolic function (mean e’) was observed in as early as one week.  Substantial improvements in KCCQ-OSS and KCCQ-Clinical Summary Scores, with substantial mean increases of 17 points and 22 points, respectively, were observed at the 100 mg dose after only four weeks.

The positive results observed in participants with obstructive HCM and nonobstructive HCM were achieved without meaningful reductions in LVEF. Importantly, there were no LVEF values <50% at any measurement. The most frequently reported adverse events were dizziness, upper respiratory tract infection and atrial fibrillation (AF); nearly all were considered mild to moderate in severity.  Two participants experienced serious adverse events of AF requiring cardioversion.  In Parts B and C, the rates of AF were in the range of those reported in other HCM Phase 2 clinical trials of cardiac myosin inhibitors.  One participant discontinued treatment due to moderate dizziness. 

Ahmad Masri, M.D., M.S., Director of the Hypertrophic Cardiomyopathy Center at Oregon Health and Science University and CIRRUS-HCM Investigator highlighted, “These early data with EDG-7500 are encouraging, with favorable changes across multiple domains, including robust improvements in KCCQ, which suggests a potential effect of EDG-7500 on LVOT obstruction, wall stress, and diastolic dysfunction.” 

“After the initial single dose results and now with these data generated over four weeks of treatment, we are starting to see the profile of EDG-7500 emerge,” said Anjali T. Owens, M.D., Medical Director, Center for Inherited Cardiac Disease, Associate Professor of Medicine, in the Perelman School of Medicine at the University of Pennsylvania and CIRRUS-HCM Investigator. “I am particularly encouraged by the strong improvements in diastolic function, as well as the overall symptom relief with little to no effect on systolic function. The findings reinforce my enthusiasm for continuing to study this important investigational therapy.”

“Building on the strength of clinical data to date, we are optimizing our dosing strategy in Part D of CIRRUS-HCM in participants with obstructive and nonobstructive HCM, which will inform our plans for Phase 3,” said Kevin Koch, Ph.D., President and Chief Executive Officer, Edgewise Therapeutics. “We believe EDG-7500, which delivered clinically meaningful results without causing systolic dysfunction, has the potential to be a significant advancement for patients with HCM and the clinicians who care for them.”

The initial data read-out from Part D is expected in the second half of 2025, with Phase 3 initiation planned for the first half of 2026.

EDG-7500 Top-line Data Webcast Event

Members of the Edgewise management team will hold a live webcast on Wednesday, April 2, 2025, at 8:30 a.m. ET to discuss the top-line data, and will be joined by leading cardiology experts, Anjali T. Owens, M.D., Medical Director, Center for Inherited Cardiac Disease, Associate Professor of Medicine, in the Perelman School of Medicine at the University of Pennsylvania, and Ahmad Masri, M.D., M.S., Director of the Hypertrophic Cardiomyopathy Center at Oregon Health and Science University.  An accompanying slide presentation will also be available. To register for the live webcast and replay, please visit the Edgewise events page.

About CIRRUS-HCM

CIRRUS-HCM, multi-center, open-label trial, in approximately 70 participants with HCM at up to 20 clinical sites in the U.S.  In Part A (obstructive HCM), participants received a single dose of 50, 100 or 200 mg of EDG-7500.  The primary objective of Part A was to evaluate the safety and tolerability of a single oral dose of EDG-7500 in obstructive HCM.  In Part B (obstructive HCM), participants were diagnosed with obstructive HCM, LVOT peak gradient ≥30 mmHg measured at rest and ≥50 mmHg post-Valsalva as determined by echocardiography at screening, documented LVEF of ≥0.60 at screening and New York Heart Association (NYHA) classifications of Class I-III.  The primary objective of Part B was to evaluate the safety and tolerability of multiple doses of EDG-7500 over four weeks in participants with obstructive HCM.  In Part C (nonobstructive HCM), participants were diagnosed with nonobstructive HCM, LVOT peak gradient of < 30 mmHg measured at rest and < 50 mmHg measured during the Valsalva maneuver as determined by echocardiography as assessed at screening, maximal exercise peak LVOT gradient of < 50 mmHg as determined by echocardiography as assessed by the investigator, documented LVEF of ≥0.60 at screening and NYHA classifications of Class I-III.   The primary objective of Part C was to evaluate the safety and tolerability of multiple doses of EDG-7500 over four weeks in participants with nonobstructive HCM.  In Part D (obstructive and nonobstructive HCM), participants will be studied across 12 weeks of treatment, followed by a longer-term extension.  The EDG-7500 dose will be optimized based on measures of NT-proBNP, KCCQ, and LVOT-G (obstructive HCM only).

To learn more about CIRRUS-HCM, visit clinicaltrials.gov, NCT06347159 (Phase 2)

About EDG-7500

EDG-7500 is a novel oral, selective, cardiac sarcomere modulator, specifically designed to slow early contraction velocity and address impaired cardiac relaxation associated with HCM and other diseases of diastolic dysfunction. The Company is enrolling the Phase 2 CIRRUS-HCM, multi-center, open-label trial, in obstructive and nonobstructive HCM in the U.S. 

About Hypertrophic Cardiomyopathy

HCM is the most common form of genetic heart disease, affecting approximately one in 500 people, and is associated with reduced quality of life and an elevated risk of heart failure, abnormal heart rhythms, and sudden cardiac death. Individuals with HCM can become extremely limited in their functional capacity and ability to perform the activities of daily living. Commonly experienced symptoms include breathlessness, irregular heartbeats, chest pain, tiredness, dizziness, or even fainting. These symptoms are caused by excessive contraction and thickening (hypertrophy) of the left ventricular wall of the heart. Over time, the thickened muscle becomes stiff, making it difficult for the heart to relax and fill with blood (diastolic dysfunction). There are two major forms of HCM obstructive and nonobstructive. The obstructive HCM pathology is observed in two thirds, while nonobstructive HCM is present in one third of all individuals with HCM. Despite advancements in treatment options for some patients with HCM, there remains a significant unmet need for additional therapeutic approaches for patients.

About Edgewise Therapeutics                                                                                

Edgewise Therapeutics is a leading muscle disease biopharmaceutical company developing novel therapeutics for muscular dystrophies and serious cardiac conditions. The Company’s deep expertise in muscle physiology is driving a new generation of novel therapeutics. Sevasemten is an orally administered skeletal myosin inhibitor in late-stage clinical trials in Becker and Duchenne muscular dystrophies. EDG-7500 is a novel cardiac sarcomere modulator for the treatment of hypertrophic cardiomyopathy and other diseases of diastolic dysfunction, currently in Phase 2 clinical development. The entire team at Edgewise is dedicated to our mission:  changing the lives of patients and families affected by serious muscle diseases. To learn more, go to: www.edgewisetx.com or follow us on LinkedIn, X, Facebookand Instagram.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements. Such forward-looking statements include, among other things, statements regarding the potential of, and expectations regarding, EDG-7500, statements regarding the potential market opportunity for EDG-7500, statements regarding Edgewise’s expectations and milestones relating to its clinical trials and clinical development of EDG-7500, including the timing of the initial data read-out from the Part D Phase 2 CIRRUS-HCM trial and the timing of the Phase 3 initiation of the CIRRUS-HCM trial, statements by Edgewise’s President and Chief Executive Officer, and statements by Dr. Masri and Dr. Owens. Words such as “believes,” “anticipates,” “plans,” “expects,” “intends,” “will,” “goal,” “potential” and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based upon Edgewise’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results could differ materially from those projected in any forward-looking statements due to numerous risks and uncertainties, including but not limited to: risks associated with Edgewise’s limited operating history, its products being early in development and not having products approved for commercial sale; risks associated with Edgewise not having generated any revenue to date; Edgewise’s ability to achieve objectives relating to the discovery, development and commercialization of its product candidates, if approved; Edgewise’s need for substantial additional capital to finance its operations; Edgewise’s substantial dependence on the success of EDG-7500; Edgewise’s ability to develop and commercialize EDG-7500 and discover, develop and commercialize product candidates in future programs; risks related to Edgewise’s clinical trials of its product candidates, including EDG-7500, not demonstrating safety and efficacy; risks related to Edgewise’s product candidates, including EDG-7500, causing serious adverse events, toxicities or other undesirable side effects; the outcome of preclinical testing and early clinical trials of Edgewise’s product candidates, including EDG-7500, not being predictive of the success of later clinical trials and the risks related to the results of such clinical trials not satisfying the requirements of regulatory authorities; delays or difficulties in the enrollment and/or maintenance of patients in clinical trials, including the CIRRUS-HCM trial; risks related to competition; risks relating to interim, topline and preliminary data from Edgewise’s clinical trials, including the CIRRUS-HCM trial, changing as more patient data becomes available; risks related to the regulatory approval processes of domestic and foreign authorities being lengthy, time consuming and inherently unpredictable; risks related to production of drugs by Edgewise’s third-party manufacturers; risks related to changes in methods of product candidate manufacturing or formulation; risks related to not achieving adequate market acceptance; the size of the market opportunity for Edgewise’s product candidates, including EDG-7500; risks related to regulatory authorities not accepting data from trials conducted in locations outside of their jurisdiction; risks relating to Edgewise’s ability to attract and retain highly skilled executive officers and employees; Edgewise’s ability to obtain and maintain intellectual property protection for its product candidates; Edgewise’s reliance on third parties; general economic and market conditions; and other risks.  Information regarding the foregoing and additional risks may be found in the section entitled “Risk Factors” in documents that Edgewise files from time to time  with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and Edgewise assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.

This press release contains hyperlinks to information that is not deemed to be incorporated by reference into this press release.

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SOURCE Edgewise Therapeutics

m-FINANCE Launches AI-Driven Commentary for mF4 Trading Platform

PR Newswire


HONG KONG
, April 2, 2025 /PRNewswire/ — m-FINANCE Limited (“m-FINANCE”), a wholly owned subsidiary of mF International Limited (the “Company” or “mF International”) (Nasdaq: MFI) and a provider of forex and bullion trading solutions in Asia, today announced the launch of “AI-Commentary”, an advanced analytical suite integrated into its mF4 Trading Platform. The solution combines m-FINANCE’s institutional expertise with DeepSeek AI’s (“DeepSeek”) large language models (“LLMs”), by which m-FINANCE expects to enable brokers to deliver actionable insights while improving operational efficiency.

The system aggregates real-time market data, including forex rates, bullion prices, and macroeconomic indicators, analyzing patterns across multiple timeframes and asset classes. By leveraging DeepSeek’s models, fine-tuned with financial datasets, AI-Commentary is designed to translate complex data into clear, easily readable insights that meet industry standards. m-FINANCE believes for brokers, the result is an innovative, scalable solution that provides new ways to engage with clients.

The Company expects that  AI-Commentary will support brokers by bolstering operational efficiency and client retention, and by automating analytical tasks, it may reduce manual workloads, allowing teams to focus on strategic client interactions. For end-clients, it is anticipated that AI-Commentary will identify emerging opportunities and risks, delivering timely insights directly within the mF4 Platform interface with embedded TradingView charts and smart indicators. AI-Commentary comes in “Basic” and “Advanced” tiers across multiple languages while maintaining robust security and giving brokers full editorial control over regulatory compliance.

Building on this foundation, m-FINANCE is developing an AI Agent project to analyze traders’ risk appetites and trading styles, recommend optimal signals, and eventually automate trade execution. This and other advancements reflect m-FINANCE’s dedication to driving innovation for its global trading clients.

Mr. Chi Weng (Dick) Tam, the Executive Director and Chief Executive Officer of m-FINANCE, commented, “We are confident that our AI-Commentary feature will transform how brokers provide value to clients. By automating complex analysis while maintaining institutional-grade quality, we expect to help our partners boost client engagement and operational efficiency, allowing them to prioritize what matters most in their own client interactions. This launch represents our first significant step in integrating AI technology into our ecosystem, laying the foundation for upcoming projects, including our AI Agent, which we anticipate will further enhance the trading experience. We believe these developments will reinforce our two-decade commitment to innovation in forex and bullion trading solutions.”

About mF International Limited

mF International Limited is a British Virgin Islands holding company with three operating subsidiaries in Hong Kong. The Company’s principal Hong Kong subsidiary, m-FINANCE, is a Hong Kong-based experienced financial trading solution provider principally engaged in the development and provision of financial trading solutions via internet or platform as software as a service, or SaaS. m-FINANCE has approximately 20 years of experience providing real-time mission critical forex, bullion/commodities trading platform solutions, financial value-added services, mobile applications and financial information for brokers and institutional clients in the region. With clients located over mainland China, Hong Kong and Southeast Asia, m-FINANCE provides customers with the mF4 Trading Platform, Trader Pro, Bridge and Plugins, CRM System, ECN System, Liquidity Solutions, Cross-platform “Broker+” Solution, Social Trading Apps and other value-added services. For more information, please visit the Company’s website: https://ir.m-finance.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. 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. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “views,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar words. 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. 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 U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

mF International Limited
Investor Relations Department
Email: [email protected] 

ICR, LLC

Robin Yang

Email: [email protected] 
Phone: (646) 308-1475

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SOURCE mF International Limited

The Number of Days You Need To Work To Afford a Monthly Mortgage Payment in Each State

PR Newswire

  • Highest number of days: Hawaii (17 days), California (15 days), Massachusetts (15 days) and Montana (15 days).
  • Lowest number of days: Kansas (7 days), Missouri (7 days), Indiana (7 days), Illinois (7 days), West Virginia (7 days), Michigan (7 days), and Ohio (6 days) 


AUSTIN, Texas
, April 2, 2025 /PRNewswire/ — The median national home price in the U.S. is $412,000 and for Americans looking to buy a home, the magic number of days required to work per month to afford the mortgage payment is 10, according to Realtor.com® data. But, for residents in some states, the number of workdays required can go up to 17 days, a whole week more.

“The number of workdays required to afford a home today stems from a couple factors. First, home prices have risen faster than incomes, widening the gap between earnings and housing costs. Second, elevated mortgage rates have increased borrowing costs, further stretching monthly budgets,” said Charlie Lankston, Executive Editor, Realtor.com®. “As a result, prospective buyers must allocate more of their income, and consequently, more work days each month, to afford mortgage payments.”

More than half a month’s worth of work
Fittingly named the Paradise of the Pacific, it doesn’t come as a surprise that Hawaii is a sought after place to live. But, with that also comes the crown of the highest median home list price in the nation at $796,947. Homeowners purchasing a home at this price point will need to work 17 days each month just to cover the payment of $5,222, including tax and insurance, on average. 

The in-demand state of California faces a similar trend, with homeowners having to work an average of 15 days of the month to cover a payment of $4,773, including tax and insurance. And, likely driven by an influx of people moving into the state and popular cities like Bozeman becoming more expensive, the average homeowner in Montana — where the median home list price is $613,275 — would also have to work 15 days of the month.

One week, or less
Meanwhile, the midwest and southeastern U.S. seaboard face a different reality. West Virginia and Ohio have the lowest median home list price, at $247,000 and $259,450, and residents need to work about seven and six days a month, respectively, to afford their mortgage payments. Other states that only require a week of work on average include Kansas, Missouri, Indiana, Illinois, West Virginia, and Michigan.

To read more about the number of days required to work to afford a mortgage payment visit Realtor.com.

 


Work Days Required Per Month To Afford a Mortgage Payment by State


State


Median Home List Price


Average Work Days Required
to Afford the Mortgage
Payment

Alabama

$321,720

9

Alaska

$422,500

9

Arizona

$488,500

12

Arkansas

$289,950

8

California

$728,500

15

Colorado

$559,475

12

Connecticut

$499,450

11

Delaware

$479,495

12

District of Columbia

$589,950

9

Florida

$435,000

11

Georgia

$380,000

9

Hawaii

$796,947

17

Idaho

$566,950

14

Illinois

$289,950

7

Indiana

$279,450

7

Iowa

$279,950

8

Kansas

$280,298

7

Kentucky

$299,000

8

Louisiana

$275,000

8

Maine

$449,450

11

Maryland

$408,323

9

Massachusetts

$749,950

15

Michigan

$265,350

7

Minnesota

$380,948

8

Mississippi

$289,900

9

Missouri

$289,000

7

Montana

$613,375

15

Nebraska

$346,925

9

Nevada

$485,598

13

New Hampshire

$574,950

13

New Jersey

$544,950

12

New Mexico

$389,700

11

New York

$659,974

14

North Carolina

$399,450

10

North Dakota

$363,322

9

Ohio

$259,450

6

Oklahoma

$294,995

8

Oregon

$550,000

12

Pennsylvania

$296,750

8

Rhode Island

$524,950

12

South Carolina

$352,450

9

South Dakota

$372,500

10

Tennessee

$419,965

11

Texas

$355,000

8

Utah

$586,200

14

Vermont

$497,500

12

Virginia

$422,325

10

Washington

$607,075

12

West Virginia

$247,000

7

Wisconsin

$379,450

9

Wyoming

$459,725

12

Methodology
To assess housing affordability, this analysis calculates the number of workdays needed to cover a median monthly mortgage payment in each state. The estimates are based on median home list prices as of February 2025 and assume a 30-year fixed mortgage at a 6.65% interest rate. Property taxes and insurance costs are factored in using a 1.7% annual rate, and calculations assume a 20% down payment. Wage data is from the Bureau of Labor Statistics’ January 2025 release, which tracks average hourly earnings across states.

About Realtor.com
®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Asees Singh, [email protected]

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SOURCE Realtor.com

May River Capital Establishes a New Flow Control Platform, Tusk Industrial

PR Newswire


CHICAGO
, April 2, 2025 /PRNewswire/ — May River Capital (“May River“), a Chicago-based private equity firm focused on lower middle market industrial growth companies, announced today its acquisition of the Global Pump Solutions business of CECO Environmental Corp. (Nasdaq: CECO), including the highly respected Dean, Fybroc, and Sethco pump brands. Going forward, these three brands will be collectively organized under the parent company, Tusk Industrial, a newly formed portfolio company of May River. Tusk Industrial specializes in tough, high-performance pumping and fluid handling solutions engineered to excel in rugged environments.

Tusk Industrial designs, manufactures, and services metallic, fiberglass, and thermoplastic pumps for usage within a diverse range of high-temperature, corrosive, and caustic industrial environments, including chemical processing applications. Under the leadership of President & GM, Ming Cheung, the company has grown to over 100 employees serving over 1,500 customers globally across two locations in Telford, Pennsylvania and Indianapolis, Indiana. Cheung and the broader Tusk Industrial management team will continue to lead the organization under new ownership.

“Partnering with May River marks an exciting milestone for our company,” said Cheung. He went on to comment that, “this partnership unlocks incredible opportunities to supercharge our growth, expand our capabilities, and deliver even greater value to our customers. It’s an exciting time for our employees, customers, and partners as we take Tusk Industrial to new heights.”

Pat St. John, Managing Director of May River, stated, “Tusk Industrial is a standout business with significant growth potential, and we’re excited to partner with management to drive its continued success. With our deep expertise in building businesses within the flow control sector, we are committed to investing in new products, expanding into new markets, and pursuing strategic acquisitions – all with the goal of strengthening Tusk Industrial’s foundation and, most importantly, delivering greater value to its customer base.”

Paul Hastings and TD Securities served as legal and financial counsel to May River while Koley Jessen and EC M&A served as legal and financial counsel to CECO Environmental Corp.

About Tusk Industrial
Tusk Industrial specializes in tough, high-performance pumping and fluid handling solutions engineered to excel in rugged environments – ensuring reliability where failure isn’t an option. Tusk Industrial designs, manufactures, and services metallic, fiberglass, and thermoplastic pumps for usage within a diverse range of high-temperature, corrosive, and caustic industrial environments, including chemical processing applications. For more information, please visit www.tuskind.com.

About May River Capital
May River Capital is a Chicago-based private equity firm focused on partnering with lower middle-market industrial growth businesses. The firm invests in high-performing companies in advanced manufacturing, engineered products and instrumentation, specialized industrial services, and value-added industrial distribution services. For more information, please visit www.mayrivercapital.com.

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SOURCE May River Capital, LLC