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K. Hovnanian️’s Northeast Division Awarded Special Honors by U.S. Department of Energy

MATAWAN, N.J., Dec. 04, 2024 (GLOBE NEWSWIRE) — K. Hovnanian® Homes is excited to announce that their achievements in energy-efficient home construction have again been recognized by the U.S. Department of Energy (DOE), in both their Northeast and Phoenix Divisions.

As part of their effort to build comfortable, high-performance new-construction homes that could reduce customers’ energy costs while lessening their environmental impact, K. Hovnanian has been an industry leader in building DOE Zero Energy Ready Homes (ZERH). Homes certified as Zero Energy Ready utilize renewable energy systems that offset most or all of the home’s annual energy use, and must meet rigorous efficiency and performance criteria to earn the certification.

K. Hovnanian’s Northeast Division was given special honors at the DOE’s 2024 Housing Innovation Awards for ZERH homes at The Brooks at Freehold, their sold-out community in Freehold, NJ. Available features at the community included chargers for electric vehicles and censor controls for better indoor air quality, with an average annual energy cost savings of $3,290 per ZERH home.

The builder’s ZERH achievements in the Southwest were also recognized this year, with K. Hovnanian’s Phoenix Division receiving a DOE Housing Innovation Award for their Edgewood Estates community in San Tan Valley, Arizona. Estimated energy savings on an all-electric home at this community have been projected to reach $85,700 over a 30-year mortgage. Local utility provider Salt River Project also recognized K. Hovnanian’s Phoenix Division at their 2024 Champions of Sustainability Award.

To learn more about K. Hovnanian’s energy-efficient homes in New Jersey and Arizona, visit khov.com/newjersey or khov.com/az, or send an email to [email protected].

About Hovnanian Enterprises, Inc. 

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade name K. Hovnanian Homes. Additionally, the Company’s subsidiaries, as developers of K. Hovnanian’s® Four Seasons communities, make the Company one of the nation’s largest builders of active lifestyle communities. 

Additional information on Hovnanian Enterprises, Inc. can be accessed through the “Investor Relations” section of the Company website at https://www.khov.com. To be added to Hovnanian’s investor e-mail list, please send an e-mail to [email protected] or sign up at https://www.khov.com. 

The Brooks at Freehold is offered by K. Hovnanian at Freehold Township, LLC. Edgewood Estates is offered by K. Hovnanian at Edgewood, LLC. ©2024 K. Hovnanian Arizona Operations, LLC; ROC 188563. ©2024 K. Hovnanian Arizona New GC, LLC; ROC 277023.
Features and options may vary. Unless stated hardscape, landscape and decorator items not included. See a Sales Consultant for full details. Equal Housing Opportunity. 



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Daktronics to Present at The Benchmark Company’s Upcoming Discovery One-on-One Investor Conference

BROOKINGS, S.D., Dec. 04, 2024 (GLOBE NEWSWIRE) — Daktronics, Inc. (Nasdaq: DAKT), a leading global designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide today announced that Reece Kurtenbach, Chief Executive Officer and Sheila Anderson, Chief Financial Officer will be presenting at The Benchmark Company’s 13th Annual Discovery One-on-One Investor Conference to be held Wednesday, December 11th, 2024 at the New York Athletic Club in New York City.

The conference offers emerging growth and dynamic publicly traded companies access to institutional and individual investors in a unique one-on-one format during which Kurtenbach and Anderson will be participating in one-on-one meetings with investors and analysts throughout the day.

To schedule a one-on-one meeting with Reece Kurtenbach and Sheila Anderson, you may submit your request online via the registration link provided. To register for the conference, please visit: https://www.meetmax.com/sched/event_112571/investor_reg_new.html?attendee_role_id=INVESTOR

About The Benchmark Company

The Benchmark Company is an institutionally focused, research driven, sales trading and investment banking firm. We were founded in 1988 and are headquartered in New York City. Our focus is on fostering the long-term success of our corporate clients through raising capital, providing strategic advisory services, generating insightful research, and developing institutional sponsorship by leveraging the firm’s sales, trading, and equity research capabilities. https://www.benchmarkcompany.com.

ABOUT DAKTRONICS

Daktronics has strong leadership positions in, and is the world’s largest supplier of, large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The company excels in the control of display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation, and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, and one International business unit. For more information, visit the company’s website at: www.daktronics.com, email the company at [email protected], call (605) 692-0200 or toll-free (800) 843-5843 in the United States, or write to the company at 201 Daktronics Dr., P.O. Box 5128, Brookings, S.D. 57006-5128.

SAFE HARBOR STATEMENT 

Cautionary Notice: In addition to statements of historical fact, this news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and is intended to enjoy the protection of that Act. These forward-looking statements reflect the Company’s expectations or beliefs concerning future events. The Company cautions that these and similar statements involve risk and uncertainties which could cause actual results to differ materially from our expectations, including, but not limited to, changes in economic and market conditions, management of growth, timing and magnitude of future contracts and orders, fluctuations in margins, the introduction of new products and technology, the impact of adverse weather conditions, increased regulation and other risks described in the company’s SEC filings, including its Annual Report on Form 10-K for its 2024 fiscal year. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. 

Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. 

For more information contact: 

INVESTOR RELATIONS: 
Sheila M. Anderson, Chief Financial Officer 
Tel (605) 692-0200 
[email protected] 

Alliance Advisors IR 
Carolyn Capaccio / Jody Burfening 
[email protected] 



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Correction Notice Of Press Release Announcing Wah Fu Education Group Ltd. to Hold Annual General Meeting on December 20, 2024

Beijing, China, Dec. 04, 2024 (GLOBE NEWSWIRE) — Wah Fu Education Group Ltd. (NASDAQ: WAFU, the “Company”) today announced corrections to its press release sent out on December 2, 2024.

Holders of record of the Company’s ordinary shares of par value US $0.01 each on the close of business on November 21, 2024, Eastern Standard Time (the “Record Date”) or their proxy holders are entitled to vote at the AGM or any adjournment or postponements thereof. Each holder of ordinary shares has one (1) vote for each ordinary share held as of the close of business on the Record Date.

Under the existing memorandum and articles of association of the Company, a resolution of shareholders may be passed by the affirmative vote of a majority of in excess of 50% of the votes of the shares entitled to vote thereon which were present at the meeting and were voted.

In the release dated December 2, 2024, the following paragraph reads:

“The Company proposes to amend and restate the existing memorandum and articles of association registered with the Registry of Corporate Affairs in the British Virgin Islands to adopt a dual-class share structure (the “Dual-class Share Structure”), pursuant to which the Company will create a new class of shares and the Company’s issued ordinary shares of US$0.01 par value each shall be re-designated into (i) ordinary shares of US$0.0005 par value each (“Ordinary Share”), and (ii) class A ordinary shares of US$0.0005 par value each (“Class A Shares”), with each Ordinary Share being entitled to one (1) vote and each Class A Share being entitled to fifteen (15) votes on all matters subject to vote at general meetings of the Company.”

Is corrected to read as follows:

The Company proposes to amend and restate the existing memorandum and articles of association currently registered with the Registry of Corporate Affairs in the British Virgin Islands to adopt a dual-class share structure (the “Dual-class Share Structure”), pursuant to which the Company will create a new class of shares of class A ordinary shares (the “Class A Shares”), with each ordinary share (the “Ordinary Shares”) being entitled to one (1) vote and each Class A Share being entitled to fifteen (15) votes on all matters subject to vote at general meetings of the Company.

In connection with the Dual-class Share Structure, the Company proposes to:

  (a) In the release dated December 2, 2024, the following paragraph reads:

“create a new class of shares and change the maximum number of shares that the Company is authorised to issue from 30,000,000 ordinary shares of US$0.01 par value each to 600,000,000 shares divided into 500,000,000 Ordinary Shares with a par value of US$0.0005 each and 100,000,000 Class A Shares with a par value of US$0.0005 (the “Change in Authorised Shares”);”

Is corrected to read as follows:

create a new class of shares and change the maximum number of shares that the Company is authorised to issue from 30,000,000 ordinary shares to 600,000,000 shares divided into 500,000,000 Ordinary Shares and 100,000,000 Class A Shares (the “Change in Authorised Shares”);
     
  (b) amend and restate its existing memorandum and articles of association registered with the Registrar or Corporate Affairs in the British Virgin Islands to include, amongst other things:
     
  (i) the creation of a new class of Class A Shares with each Class A Share being entitled to fifteen (15) votes on all matters subject to vote at general meetings of the Company; and
     
  (ii) In the release dated December 2, 2024, the following paragraph reads:

the following provision: “Notwithstanding any other provision of these Articles, each Class A Share shall be automatically converted into an Ordinary Share immediately upon the holders of Class A Shares in aggregate beneficially owning less than 1,488,000 Class A Shares, which is equivalent to 5% of the total issued and outstanding Class A Shares as of the date of registration of these Memorandum and Articles.”; and

Is corrected to read as follows:

the following provision: “Notwithstanding any other provision of these Articles, each Class A Share shall be automatically converted into an Ordinary Share immediately upon the holders of Class A Shares in aggregate beneficially owning less than 74,400 Class A Shares, which is equivalent to 5% of the total issued and outstanding Class A Shares as of the date of registration of these Memorandum and Articles.”; and
     
  (c) In the release dated December 2, 2024, the following paragraph shall be deleted in its entirely:

conduct a division of shares by which each issued ordinary share of US$0.01 par value each in the Company would be divided into a larger number of Ordinary Shares of US$0.0005 par value each resulting in every one currently issued ordinary share being divided into 20 Ordinary Shares.

The notice of the AGM sets forth the resolutions to be submitted to shareholders of the Company for approval and other relevant information regarding the AGM, the proposed Dual-class Share Structure and how to vote ordinary shares or direct Deutsche Bank Trust Company Americas to vote the ordinary shares represented by the ADSs at the AGM. Shareholders may obtain a copy of the Company’s annual report on Form 20-F, free of charge on the Company’s Investor Relations website at www.edu-edu.cn, or on the website of U.S. Securities and Exchange Commission at http://www.sec.gov. Physical copies of the annual report on Form 20-F can be provided to shareholders of the Company without charge by emailing Wah Fu Education Group Ltd., at [email protected] or by writing to:

L207b, Hesheng Fortune Plaza
No.13 Deshengmenwai Street
Xicheng District, Beijing, China 100088
Attention: Raincy Du

INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE MATERIALS FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION, AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE DUAL-CLASS SHARE STRUCTURE AND RELATED MATTERS.

About Wah Fu Education Group Ltd.

Since its establishment in 1999, Wah Fu Education Group Ltd. (“Wah Fu”) has been committed to providing customized and diversified education solutions for the development of students, institutions and universities. Wah Fu continues to innovate in self-taught examinations for higher academic degrees, information application in adult education, non-degree training and other online educational programs. Wah Fu has become one of the most influential brand of distance education for adults in China. For more information about Wah Fu, please visit www.edu-edu.cn.

Investor Relations Contact

For Wah Fu:

Raincy Du
[email protected]

Investor Relations:

Haining Wang
Fair Consulting LLC
Email: [email protected]m
Phone: +1-646-752-9774(US) /+86-136-8536-8593(China)


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Entravision Welcomes ‘Omar y Argelia’ to Jose 97.5 FM and 107.1 FM in Los Angeles

Entravision Welcomes ‘Omar y Argelia’ to Jose 97.5 FM and 107.1 FM in Los Angeles

Beloved Dynamic Duo to Debut New Show on January 6, 2025

SANTA MONICA, Calif.–(BUSINESS WIRE)–
Entravision Communications Corporation announces the addition of Omar y Argelia, one of the most beloved and dynamic duos in Spanish-language radio, to its Los Angeles station line-up. Beginning January 6, 2025, fans can tune in to their highly anticipated show exclusively on Jose 97.5 FM & 107.1 FM weekdays from 9:00 AM to 12:00 PM. With a perfect balance of laughter, warmth and authenticity, the show stands out by connecting with the Latino community in a way that is both entertaining and true of the rich cultural traditions of their audience.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241204746005/en/

Omar y Argelia join Entravision's 97.5 FM and 107.1 FM (Photo: Business Wire)

Omar y Argelia join Entravision’s 97.5 FM and 107.1 FM (Photo: Business Wire)

Omar Velasco and Argelia Atilano, affectionately known as Omar y Argelia, have built a remarkable and proven legacy over two decades as trusted voices in Latino households. Their dynamic as a married couple allows them to share personal stories, cultural nuances and everyday experiences that reflect the essence of Latino family life. Their unique chemistry, relatable storytelling, and commitment to celebrating Latino culture have made them household names, earning numerous accolades and the hearts of a very loyal following.

“We are thrilled to welcome Omar y Argelia to the Entravision family,” said Jeffery Liberman, President and COO of Entravision. “Their positive energy and deep connection to our audience perfectly align with our mission to deliver premium content that resonates with the Latino community in Los Angeles. With Omar y Argelia joining our programming lineup on Jose 97.5 FM & 107.1 FM, we’re delivering on our commitment to providing the best in live & local Spanish-language entertainment in Los Angeles.”

The addition of Omar y Argelia underscores Entravision’s focus on elevating listener experiences while delivering compelling opportunities for advertisers to connect with the highly engaged Los Angeles Latino market. “I’m excited to collaborate with Omar y Argelia to enhance their show’s value, foster local interest, and create a space where millions of listeners can tune in and hear trusted voices,” said Nestor Rocha, VP of Audio & Talent at Entravision.

Omar y Argelia also expressed their excitement about this new chapter, adding: “We are thrilled to take our brand to the next level where we can connect with our fans & followers in a more direct and personal manner. It’s an honor to be part of the Entravision family and we are overjoyed to share our energy and love for radio with everyone on January 6th.”

About Entravision Communications Corporation

Entravision (NYSE: EVC) is a media and advertising technology company. In the U.S., we maintain a diversified portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business consists of Smadex, our programmatic ad purchasing platform, and Adwake, our mobile growth solutions business. Entravision remains the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at entravision.com or connect with us on LinkedIn.

Media Contact:

Nestor Rocha, Vice President, Audio & Talent

[email protected]

Andrea Becerra Prado, Content and Syndication Operations

[email protected]

Fabiola Rangel, Senior Director, Marketing Communications

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Digital Marketing Social Media Other Communications TV and Radio Media Advertising Communications Entertainment

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Omar y Argelia join Entravision’s 97.5 FM and 107.1 FM (Photo: Business Wire)
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Fifth Third’s Branch Expansion Strategy Driven by Data, Digital Tools

Fifth Third’s Branch Expansion Strategy Driven by Data, Digital Tools

Bank details rapid growth agenda, differentiated customer offering at Future Branches Conference

CINCINNATI–(BUSINESS WIRE)–
Recently Fifth Third Bank (NASDAQ: FITB) unveiled plans to expand its retail branch footprint by opening more than 200 branches over the next four years, primarily in fast-growing Southeast markets. Speaking to investors at the BancAnalysts Association of Boston Conference on November 8, Chief Operating Officer Jamie Leonard detailed how Fifth Third has created the infrastructure – inclusive of digital and physical components – to create a differentiated customer experience that fosters deep banking relationships and drives sustainable organic growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241203348127/en/

James Anthos speaking at Future Branches conference. Photography by Wes Ellis

James Anthos speaking at Future Branches conference. Photography by Wes Ellis

Today, at the Future Branches Conference in Austin, TX, Director of Distribution Strategy & Retail Analytics James Anthos discussed how the Bank’s expansion strategy leverages data and analytics to meet customers’ banking needs – from data-driven site selection to innovative branch design and disciplined execution.

Expansion strategy anchored by data science, disciplined execution

“We employ an economical and disciplined approach to harnessing data to build better relationships between our customers and our branches,” Anthos said. “When we embarked on this expansion journey in 2017, we invested in a nimble team and smart tools so we could move with precision as quickly as possible.”

Fifth Third operates a suite of proprietary technology to guide its expansion and effectively and efficiently place branches where customers want and need them. The Bank developed a Market Strength Index (MSI) to identify new cities to add to its network. To optimize branch placements at scale with quantitative sophistication, Fifth Third developed a geospatial heatmap that identifies attractive areas to explore for branch sites in prioritized cities. Fifth Third’s application of geospatial sciences is highly regarded in the industry and in 2018 the Bank won a Special Achievement in GIS (SAG) Award from Esri.

“We apply trillions of calculations from thousands of data points – including anonymized cell phone data showing the retail destinations people frequent most in a particular area,” Anthos continued. “We are disciplined in targeting the sites we want, and our experience building ‘de novos’ means we can move quickly to lock down sites. In one market we decided to enter, within six months, we had over 75% of our targeted sites under contract and the rest were under initial negotiations.”

Innovative Branch Design

Utilizing customer input, Fifth Third redesigned its Financial Centers to better meet how consumers want to bank today. The Bank’s new Financial Centers enable deeper, more meaningful conversations between customers and bankers: each branch features a welcoming open concept layout and localized design elements that invite warmer, more memorable conversations. Traditional transaction space has been greatly reduced and replaced with modular meeting and seating areas that offer adjustable layers of privacy.

Southeast expansion plans

Fifth Third currently operates nearly 1,100 branches, the majority of which are located in the Midwest. In 2017 the Bank began strategically expanding in the Southeast to capitalize on demographic migration trends that accelerated during the pandemic.

Through 2028, Fifth Third intends to double its investment pace by opening 50 or more branches annually in critical Southeast markets. The Bank will complete the build-out of existing markets and enter 11 new Metropolitan Statistical Areas (MSAs), including two new Alabama markets. By the end of 2028, Fifth Third expects its branch footprint to be approximately 50% in the Midwest and 50% in the Southeast.

On Fifth Third’s accelerated expansion strategy, COO Jamie Leonard remarked, “We are laser-focused on providing a differentiated experience that meets our customers’ needs, and creates deep, long-lasting relationships. Through our expansion strategy, we’re excited to welcome new customers with a banking experience that is truly a Fifth Third Better.”

###

About Fifth Third

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.

Sophie Isherwood (Media Relations)

[email protected]

Matt Curoe (Investor Relations)

[email protected] | 513-534-2345

KEYWORDS: Ohio United States North America

INDUSTRY KEYWORDS: Banking Other Professional Services Professional Services Finance

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James Anthos speaking at Future Branches conference. Photography by Wes Ellis
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James Anthos speaking at Future Branches conference. Photography by Wes Ellis
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James Anthos speaking at Future Branches conference. Photography by Wes Ellis
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James Anthos speaking at Future Branches conference. Photography by Wes Ellis
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Equity Bancshares, Inc. Announces Closing of $92 Million Class A Common Stock Offering Including Full Exercise of Over-Allotment Option

Equity Bancshares, Inc. Announces Closing of $92 Million Class A Common Stock Offering Including Full Exercise of Over-Allotment Option

WICHITA, Kan.–(BUSINESS WIRE)–
Equity Bancshares, Inc. (NYSE: EQBK) (“Equity” or the “Company”) today announced the closing of its underwritten public offering of 2,067,240 shares of its Class A common stock (the “common stock”), at a public offering price of $44.50 per share, which included 269,640 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The total gross proceeds from the offering were approximately $92.0 million. The Company expects that the net proceeds from the offering will be approximately $86.9 million after underwriting discounts and commissions and estimated offering expenses payable by the Company.

Stephens Inc. is acting as sole book-running manager for the offering. D.A. Davidson & Co., Hovde Group, LLC, Keefe, Bruyette & Woods, Inc. and Piper Sandler & Co. are acting as co-managers for the offering.

The Company intends to use the net proceeds of the offering to support its continued growth, including future strategic acquisitions, investments in Equity Bank to support organic growth, the potential repayment of existing subordinated debt, and for other general corporate purposes.

Additional Information Regarding the Offering

The offering was made by means of an effective shelf registration statement on Form S-3 (File No. 333-267025), including a preliminary prospectus supplement and final prospectus supplement, copies of which are available on the SEC’s website at www.sec.gov or may be obtained by contacting Stephens Inc. by telephone at (800) 643-9691 or by email at [email protected].

No Offer or Solicitation

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by the Securities and Exchange Commission or any other regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus relating thereto.

About Equity Bancshares, Inc.

Equity Bancshares, Inc. is the holding company for Equity Bank, offering a full range of financial solutions, including commercial loans, consumer banking, mortgage loans, trust and wealth management services and treasury management services, while delivering the high-quality, relationship-based customer service of a community bank. Learn more at www.equitybank.com.

Cautionary Notice Regarding Forward-Looking Statements

This press release contains “forward-looking statements” including statements with respect to the Company’s objectives, expectations and intentions and other statements that are not historical facts. All statements other than statements of historical fact are statements that could be forward-looking statements. Forward-looking statements include statements relating to the potential securities offering, which is opportunistic and subject to market conditions, and the use of proceeds from the offering. You can identify these forward-looking statements through the use of words such as “may,” “balance sheet optimization efforts,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “point to,” “project,” “could,” “intend,” “anticipate,” and other similar words and expressions of the future.

Forward-looking statements involve risks, uncertainties and other factors, which may be beyond our control, and which may cause the Company’s actual results, performance, achievements, or financial condition to be materially different from future results, performance, achievements, or financial condition expressed or implied by such forward-looking statements. You should not rely on any forward-looking statements as predictions of future events. You should not expect us to update any forward-looking statements, except as required by law. All forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those risks and uncertainties described in “Risk Factors” in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2023 filed on March 7, 2024, the Company’s subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, in the prospectus supplement and accompanying base prospectus relating to the offering, and in the Company’s other filings with the SEC, which are available at the SEC’s website www.sec.gov.

Media Contact:

Russell Colburn

Public Relations & Communications Manager

Equity Bancshares, Inc.

(913) 583-8011

[email protected]

Investor Contact:

Brian Katzfey

VP, Director of Corporate Development and Investor Relations

Equity Bancshares, Inc.

(316) 858-3128

[email protected]

KEYWORDS: Kansas United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

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Toll Brothers Announces New Luxury Home Community Opening This Weekend in Palm Springs, California

PALM SPRINGS, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Nola at Escena, will open for sale this Saturday, December 7, 2024. This exclusive Toll Brothers neighborhood of only 40 homes will offer the rare opportunity to own a new luxury home in the heart of a modern desert oasis in Palm Springs, California. The community is located at 1323 Celadon Street in Palm Springs.

Located within the gated Escena golf community, Nola at Escena will feature three single-story home designs ranging from 2,200 to 2,400+ square feet. These innovative homes will offer 2 to 3 bedrooms, 2 to 3 bathrooms, an attached 2-car garage, and a pool. Each home will be built with the outstanding quality, craftsmanship, and value for which Toll Brothers is known. Residents will enjoy year-round resort-style living with modern open-concept designs and sophisticated architecture, including contemporary, international, and mid-century exteriors.

Home buyers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home buyers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

“We are excited to be a part of the Escena community and to continue building in this highly desirable area,” said Brad Hare, Division President of Toll Brothers in Southern California. “Nola at Escena will offer residents the best in luxury living with exceptional home designs and resort-style golf amenities in a prime location in Palm Springs.”

Situated near high-end retail, dining, parks, hiking trails, and the Palm Springs International Airport, Nola at Escena provides convenient access to everything Palm Springs has to offer. The public Escena Golf Club and Escena Lounge & Grill are just beyond the community gates, offering perfect opportunities for homeowners to play, dine, and entertain.

Toll Brothers homes in Nola at Escena will be priced from $1.3 million. For more information on Toll Brothers communities in the area and to join the interest list for Nola at Escena, call (866) 232-1631 or visit TollBrothers.com/CA.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 57 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World’s Most Admired Companies™ list and the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2024 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Director, Public Relations & Social Media | 215-938-8169 | [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0739dd8f-45e2-42ce-88df-790540d830b5

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)



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Allakos Provides Business Update and Reports Third Quarter 2024 Financial Results

SAN CARLOS, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) — Allakos Inc. (the “Company”) (Nasdaq: ALLK), a biotechnology company developing antibodies for the treatment of allergic, inflammatory and proliferative diseases, today provided a business update and reported financial results for the third quarter ended September 30, 2024.

Recent Allakos Events

  • Reported safety, pharmacokinetics (PK), and pharmacodynamic (PD) results from the Phase 1 trial of subcutaneous (SC) AK006 in healthy volunteers.
    • Bioavailability of subcutaneous AK006 was approximately 77%.
    • Subcutaneous administered AK006 showed an estimated half-life of 12-22 days.
    • Consistent with the IV formulation, skin biopsies taken from subcutaneous AK006 treated healthy volunteers showed high levels of receptor occupancy confirming AK006 reaches skin tissue mast cells.
    • The 720 mg dose of AK006 showed 98% receptor occupancy at day 113 suggesting the potential for infrequent dosing.
    • Single and multiple doses of IV AK006 and single dose subcutaneous AK006 up to 720 mg were well tolerated with a favorable safety profile.
  • Completed enrollment of over 30 patients in the randomized, double-blind, placebo-controlled Phase 1 trial of intravenous (IV) AK006 in patients with chronic spontaneous urticaria. Data from these patients expected in early Q1 of 2025.

Upcoming Allakos Anticipated Milestones

  • Report randomized double-blind, placebo-controlled data on over 30 patients from the Phase 1 trial of AK006 in patients with CSU in early Q1 of 2025.

Cash Guidance

Allakos ended the third quarter of 2024 with $92.7 million in cash, cash equivalents and investments. Allakos’ financial outlook, restructuring activities and estimated cash runway as reported by the Company in January 2024 remain unchanged. The Company reiterates that it expects the restructuring activities will extend the cash runway into mid-2026 and to end 2024 with total cash, cash equivalents and investments in its previously stated $81 to $86 million guidance range. The Company has substantially completed its exit of the lirentelimab development program.

Third Quarter 2024 Financial Results

Allakos ended the third quarter of 2024 with $92.7 million in cash, cash equivalents and investments resulting in a net decrease in cash, cash equivalents and investments of $30.4 million during the third quarter of 2024. Approximately $18 million of this third quarter decrease was paid in connection with exiting the lirentelimab development program.

Research and development expenses were $10.9 million in the third quarter of 2024 compared to $36.7 million in the third quarter of 2023, a decrease of $25.8 million. This quarter over quarter decrease is attributed to $16.4 million of lower contract research and development costs, primarily due to halting lirentelimab development and includes a $4.6 million decrease relating to a change in estimated manufacturing costs upon resolution of the related work orders with the vendor, $5.7 million of decreased compensation costs and a $3.7 million decrease in other research and development expenses.

General and administrative expenses were $8.9 million for the third quarter of 2024 compared to $11.5 million for the third quarter of 2023, a decrease of $2.6 million. The quarter over quarter change included $2.4 million of decreased compensation costs and $0.2 million of decreased other general and administrative expenses.

Allakos reported a net loss of $18.4 million in the third quarter of 2024 compared to $45.6 million in the third quarter of 2023. Net loss per basic and diluted share was $0.21 for the third quarter of 2024 compared to $0.52 in the third quarter of 2023.

About Allakos

Allakos is a clinical stage biotechnology company developing therapeutics that target immunomodulatory receptors present on immune effector cells involved in allergy, inflammatory and proliferative diseases. Activating these immunomodulatory receptors allows for the direct targeting of cells involved in disease pathogenesis and, in the setting of allergy and inflammation, has the potential to result in broad inhibition of inflammatory cells. The Company’s most advanced product candidate is AK006. AK006 targets Siglec-6, an inhibitory receptor expressed on mast cells. Mast cells are widely distributed in the body and play a central role in the inflammatory response. Inappropriately activated mast cells have been identified as key drivers in a number of severe diseases affecting the gastrointestinal tract, eyes, skin, lungs and other organs. In preclinical studies, AK006 appears to provide deep mast cell inhibition and, in addition to its inhibitory activity, reduce mast cell numbers. For more information, please visit the Company’s website at www.allakos.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, Allakos’ expected timing of reporting data from its clinical trial of AK006; cash guidance and runway; and restructuring. 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: Allakos’ stages of clinical drug development; Allakos’ ability to timely initiate and complete clinical trials for AK006; Allakos’ ability to obtain required regulatory approvals for its clinical trials; uncertainties related to the enrollment of patients in its clinical trials; Allakos’ ability to demonstrate sufficient safety and efficacy of its product candidates in its clinical trials; uncertainties related to the success of clinical trials, regardless of the outcomes of preclinical testing or early-stage trials; Allakos’ ability to obtain regulatory approvals to market its product candidates; market acceptance of Allakos’ product candidates; uncertainties related to the projections of the size of patient populations suffering from the diseases Allakos is targeting; Allakos’ ability to advance additional product candidates beyond AK006; uncertainties related to Allakos’ ability to realize the contemplated benefits of its restructuring and related reduction in force; Allakos’ ability to accurately forecast financial results; Allakos’ ability to obtain additional capital to finance its operations, research and drug development; Allakos’ ability to maintain the listing of our common stock on Nasdaq; general economic and market conditions, both domestic and international; domestic and international regulatory obligations; and other risks. Information regarding the foregoing and additional risks may be found in the section entitled “Risk Factors” in documents that Allakos files from time to time to with the SEC. These documents contain and identify important factors that could cause the actual results for Allakos to differ materially from those contained in Allakos’ forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Allakos specifically disclaims any obligation to update any forward-looking statement, except as required by law. These forward-looking statements should not be relied upon as representing Allakos’ views as of any date subsequent to the date of this press release.

Source: Allakos Inc.

Investor Contact:
Adam Tomasi, President
Alex Schwartz, VP Strategic Finance and Investor Relations
[email protected]

Media Contact:
[email protected]

ALLAKOS INC.
UNAUDITED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(in thousands, except per share data)
 
    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2024     2023     2024     2023  
Operating expenses                        
Research and development   $ 10,874     $ 36,749     $ 65,120     $ 97,107  
General and administrative     8,876       11,461       28,985       33,966  
Impairment of long-lived assets     —       —       27,347       —  
Total operating expenses     19,750       48,210       121,452       131,073  
Loss from operations     (19,750 )     (48,210 )     (121,452 )     (131,073 )
Interest income     1,392       2,590       5,346       7,965  
Other expense, net     (14 )     (6 )     (88 )     (42 )
Net loss     (18,372 )     (45,626 )     (116,194 )     (123,150 )
Unrealized gain (loss) on investments     325       87       284       212  
Comprehensive loss   $ (18,047 )   $ (45,539 )   $ (115,910 )   $ (122,938 )
Net loss per common share:                        
Basic and diluted   $ (0.21 )   $ (0.52 )   $ (1.31 )   $ (1.42 )
Weighted-average number of common
shares outstanding:		                        
Basic and diluted     89,024       87,115       88,571       86,539  
 

ALLAKOS INC.
UNAUDITED CONDENSED BALANCE SHEETS
(in thousands)
 
    September 30,     December 31,  
    2024     2023  
Assets


 		           
Current assets:            
Cash and cash equivalents   $ 10,449     $ 66,440  
Investments     82,266       104,354  
Prepaid expenses and other current assets     4,438       9,095  
Total current assets     97,153       179,889  
Property and equipment, net     15,733       33,369  
Operating lease right-of-use assets     9,880       24,136  
Other long-term assets     1,668       6,216  
Total assets   $ 124,434     $ 243,610  
Liabilities and stockholders’ equity


 		           
Current liabilities:            
Accounts payable   $ 3,964     $ 1,764  
Accrued expenses and other current liabilities     12,017       34,814  
Total current liabilities     15,981       36,578  
Operating lease liabilities, net of current portion     35,710       38,215  
Total liabilities     51,691       74,793  
Stockholders’ equity:            
Common stock     89       88  
Additional paid-in capital     1,306,991       1,287,156  
Accumulated other comprehensive gain (loss)     334       50  
Accumulated deficit     (1,234,671 )     (1,118,477 )
  Total stockholders’ equity     72,743       168,817  
Total liabilities and stockholders’ equity   $ 124,434     $ 243,610  
 



Posted on

Alight Issues Statement in Conjunction with Cannae

Alight Issues Statement in Conjunction with Cannae

CHICAGO–(BUSINESS WIRE)–
Alight, Inc. (NYSE: ALIT) (the “Company”), a leading cloud-based human capital technology and services provider, today issued a statement on behalf of Cannae and Alight’s Chairman of the Board William P. Foley, II.

“Yesterday, Cannae sold 12 million shares of Alight’s common stock in support of Cannae’s own liquidity needs. Cannae does not generate operating income and will from time to time sell assets to generate cash for our strategic needs. This sale met that objective, and we do not have any expectations for additional sales of Alight shares for the foreseeable future. Our conviction in Alight’s attractive long-term thesis and financial profile is steadfast,” commented Foley.

About Alight Solutions

Alight is a leading cloud-based human capital technology and services provider for many of the world’s largest organizations. Through the administration of employee benefits, Alight powers confident health, wealth, leaves and wellbeing decisions for 35 million people and dependents. Our Alight Worklife® platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life’s most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn how Alight unlocks growth for organizations of all sizes at alight.com.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements can be identified by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties including, among others, risks described under the section entitled “Risk Factors” of Alight’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 29, 2024, and in the Quarterly Report on Form 10-Q filed with the SEC on May 8, 2024 and on November 12, 2024, as such factors may be updated from time to time in Alight’s filings with the SEC, which are, or will be, accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be considered along with other factors noted in this presentation and in Alight’s filings with the SEC. Alight undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Investors:

Jeremy Cohen

[email protected]

Media:

Mariana Fischbach

[email protected]

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Professional Services Data Management Technology Human Resources Finance Software

MEDIA:

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Posted on

Fortis Inc. Announces First Quarter Dividends – 2025

This news release constitutes a “Designated News Release” incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis’ short form base shelf prospectus dated November 21, 2022.

ST. JOHN’S, Newfoundland and Labrador, Dec. 04, 2024 (GLOBE NEWSWIRE) — The Board of Directors of Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) has declared the following dividends payable on March 1, 2025 to the Shareholders of Record of the following Shares of the Corporation at the close of business on February 18, 2025:

  • $0.3063 per share on the First Preference Shares, Series “F”;
  • $0.3826875 per share on the First Preference Shares, Series “G”;
  • $0.11469 per share on the First Preference Shares, Series “H”;
  • $0.313952 per share on the First Preference Shares, Series “I”;
  • $0.2969 per share on the First Preference Shares, Series “J”;
  • $0.3418125 per share on the First Preference Shares, Series “K”;
  • $0.3433125 per share on the First Preference Shares, Series “M”; and,
  • $0.615 per share on the Common Shares.

The Corporation has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes. All amounts are given in Canadian dollars unless otherwise indicated.

About Fortis

Fortis is a well-diversified leader in the North American regulated electric and gas utility industry with 2023 revenue of $12 billion and total assets of $70 billion as at September 30, 2024. The Corporation’s 9,600 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries.

Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedarplus.ca, or www.sec.gov.

A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/bf76d275-7bd8-456e-94f9-92ba8251da38

For more information, please contact:

Investor Enquiries
Ms. Stephanie Amaimo
Vice President, Investor Relations
Fortis Inc.
248.946.3572
[email protected]		 Media Enquiries
Ms. Karen McCarthy
Vice President, Communications & Government Relations
Fortis Inc.
709.737.5323
[email protected]