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CORRECTION – OraQuick® HIV Self-Test Now Approved for Use in Adolescents

BETHLEHEM, Pa., Jan. 07, 2025 (GLOBE NEWSWIRE) — In a release issued under the same headline on Tuesday, January 7th by OraSure Technologies, Inc. (NASDAQ: OSUR), please note that the first sentence of the release (read “OraQuick® HIV Self-Test that will increase access to HIV testing for adolescents.”) is incomplete. The corrected release follows: 

OraSure Technologies, Inc. (“OTI”) (NASDAQ: OSUR), a leader in point-of-need and home diagnostic tests and sample management solutions, today announced that The Center for Biologics Evaluation and Research (CBER) of the Food and Drug Administration (FDA) has approved a labeling change to the OraQuick® HIV Self-Test that will increase access to HIV testing for adolescents. The change expands the approved age range to include individuals 14 years of age and older for the OraQuick® HIV Self-Test. Previously the test was approved for use in those 17 and older.

According to the most recent data available from the Centers for Disease Control & Prevention, it is estimated that 19 percent of new HIV diagnoses in the United States were among young people aged 13 to 24, and only 6 percent of high school students have ever been tested for HIV. Almost half of young people with HIV do not know that they have it.

“Increasing access to different testing options is critical to ending the HIV epidemic for all people, and early connection to care is essential for adolescents who test positive for HIV,” said Carrie Eglinton Manner, President and CEO of OraSure Technologies. “We are pleased that our OraQuick® HIV Self-Test can now be used within this younger population who needs it, and we are proud of the work we have done to promote HIV testing, help people know their HIV status, and stop the stigma of infection. This approval will allow us to expand access to help those who need it.”

The OraQuick® HIV Self-Test has been available direct to consumers in the U.S. since 2012. Since its launch, OraSure has been committed to providing consumers with access to critical information and connection to care. The packaging contains robust educational material and linkage to care information, giving individuals information that they can use to make informed decisions, regardless of the test result.

About OraSure Technologies, Inc.

OraSure Technologies, Inc. (“OraSure”) transforms health through actionable insight and powers the shift that connects people to healthcare wherever they are. OraSure improves access, quality, and value of healthcare with innovation in effortless tests and sample management solutions. OraSure, together with its wholly-owned subsidiaries, DNA Genotek Inc. and Sherlock Biosciences, Inc., is a leader in the development, manufacture, and distribution of rapid diagnostic tests and sample collection and stabilization devices designed to discover and detect critical medical conditions. OraSure’s portfolio of products is sold globally to clinical laboratories, hospitals, physician’s offices, clinics, public health and community-based organizations, research institutions, government agencies, pharmaceutical companies, and direct to consumers. For more information on OraSure Technologies, please visit www.orasure.com.

Forward-Looking Statement

This press release contains certain forward-looking statements addressing expectations, prospects, estimates and other matters that are dependent upon future events or developments. These statements may be identified by words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “will,” “should,” “could,” “would,” “project,” “continue,” “likely,” and similar expressions. Forward-looking statements are not guarantees of future performance or results. Known and unknown factors that could cause actual performance or results to be materially different from those expressed or implied in these statements include, but are not limited to: our ability to satisfy customer demand; ability to market and sell products, whether through our internal, direct sales force or third parties; ability to manufacture or have manufactured products in accordance with applicable specifications, performance standards and quality requirements; ability to comply with applicable regulatory requirements; ability to meet increased demand for OraSure’s products; competition from new or better technology or lower cost products; changes in market acceptance of products based on product performance or other factors, including changes in testing guidelines, algorithms or other recommendations by the Centers for Disease Control and Prevention or other agencies; ability to obtain and maintain new or existing product distribution channels; impact of negative economic conditions; ability to maintain sustained profitability; changes in international, federal or state laws and regulations; equipment failures and ability to obtain needed raw materials and components. These and other factors that could affect our results are discussed more fully in our SEC filings, including our registration statements, Annual Report on Form 10-K for the year ended December 31, 2023, Quarterly Reports on Form 10-Q, and other filings with the SEC. Although forward-looking statements help to provide information about future prospects, readers should keep in mind that forward-looking statements may not be reliable. Readers are cautioned not to place undue reliance on the forward-looking statements. The forward-looking statements are made as of the date of this press release and OraSure Technologies undertakes no duty to update these statements.

Investor Contact: Media Contact:
Jason Plagman Amy Koch
Vice President, Investor Relations Director, Corporate Communications
[email protected] [email protected]



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Global Commercial Drone Usage Surging as Market Size Expected to Reach $93.78 Billion by 2033

PALM BEACH, Fla., Jan. 07, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – A commercial drone is defined as a quadcopter, octocopter, or hexacopter used for commercial purposes rather than personal and recreational use. Commercial drones operate in the same way that personal drones do. They are outfitted with flight control computers and sensors to hover and perform programmed movements. Commercial drones can do more than hover or fly back and forth. They are equipped with high-definition thermal cameras that allow the pilots to see what the drone sees in real-time. Furthermore, some drones can stay in the air for hours and fly hundreds of feet. Drones are deployed for various tasks, including filming and emergency response. Due to their capacity to survey the property, offer ongoing and accurate project alerts, increase safety, and prevent hazardous accidents on construction sites, these devices are also in high demand in the real estate and construction sectors. Drone business use cases have expanded significantly over the past few years. Designing, evaluating, and upgrading solutions for diverse markets is an ongoing task for market participants like drone producers and software providers. A recent report by Straits Research said that the global commercial drone market size was valued at USD 29.91 billion in 2024 and is expected to reach from USD 33.96 billion in 2025 to USD 93.78 billion by 2033, growing at a CAGR of 13.54% during the forecast period (2025–2033). Active Companies in the markets today include ParaZero Technologies Ltd. (NASDAQ: PRZO), Nukkleus, Inc. (NASDAQ: NUKK), KULR Technology Group, Inc. (NYSE: KULR), Silynxcom Ltd. (NYSE: SYNX), Serve Robotics Inc. (NASDAQ: SERV).

The Straits Research report said: “In recent years, the successful design of small remote-controlled aircraft has become the most popular commercial industry worldwide. This industry strongly supports the economic development of several countries. Construction and infrastructure, agriculture, mining, oil and gas, surveying, and power generation have grown significantly. This sector is predicted to expand exponentially due to key players’ extensive research and development efforts. Such advancements have reduced the cost of drones, payloads, and software systems. As a result, surveying, aerial mapping, aerial photography, inspection, and precision agriculture have all seen widespread adoption. Real-time data analysis on the ground is required to understand the actual potential of projects that will boost market expansion. The global business outlook is being bolstered by significant investment from major players… These factors are expected to drive global market growth during the forecast period.”

ParaZero Technologies Ltd. (NASDAQ:PRZO)
Launches SafeAir Raptor: Advanced Drone Safety System for Anzu Robotics’ Raptor Series – ParaZero Technologies Ltd. ($PRZO) (the “Company or “ParaZero”), an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircrafts, announced today the launch of its latest product, the SafeAir Raptor. This latest and innovative safety system is specifically engineered for compatibility with Anzu Robotics’ Raptor and Raptor T (thermal) drone models.

The SafeAir Raptor offers performance capabilities akin to ParaZero’s acclaimed SafeAir Mavic 3 System, providing autonomous monitoring and real-time failure detection to ensure optimal safety during drone operations. Notably, the SafeAir Raptor complies with ASTM F3322-22 standards, making it eligible for operations over people in accordance with Federal Aviation Administration (FAA) regulations. Continued…Read this full release by visiting: https://www.financialnewsmedia.com/news-przo/

Other recent developments in the markets include:

Nukkleus, Inc. (NASDAQ: NUKK), a pioneer in the fintech sector traditionally focused on the cryptocurrency market, recently announced that it has successfully acquired a 51% controlling stake in Star 26 Capital Inc., a defense acquisition company holding 95% ownership in RIMON. RIMON is a leading Israeli supplier of components for the Iron Dome missile defense system, as well as other defense and tactical solutions.

The transaction, finalized on December 15, 2024, involved cash, a promissory note, Nukkleus’s common stock and warrants to purchase additional shares of common stock of Nukkleus. This acquisition also includes an option agreement allowing Nukkleus to acquire the remaining equity in Star 26 at a later date.

KULR Technology Group, Inc. (NYSE American: KULR) recently announced it has delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine. The Ukrainian contractor will employ the Company’s high-power battery cells to sustain its ongoing drone operations in Eastern Europe. This initial deployment order necessitated immediate delivery, with full pre-payment before shipment. Further details on the transaction are being withheld due to the sensitive nature of the project.

The conflict in Ukraine has highlighted the strategic superiority of drones, which have evolved to be more compact, user-friendly, and accessible to a wide range of operators. Drones significantly reduce the gap between target identification and elimination, thereby enhancing a military’s capability to push forward its frontline. Equipped with a longer battery life and faster charge times, drones can perform extensive reconnaissance missions for hours, facilitating subsequent precision strikes by more sophisticated models within targeted areas. Additionally, certain drone variants empower individual soldiers to surveil movements without jeopardizing lives or disclosing their own positions. Ukraine’s drone developers look to integrate AI solutions into their designs where an algorithm quickly learns to recognize a drone’s target. That way, if the electronic jamming gets too intense or the drone loses its command signal, AI can take over control from the human operator and steer the drone to a successful mission.

Silynxcom Ltd. (NYSE American: SYNX) recently announced that it has received a new purchase order valued at $330,000 from the Israel Defense Forces (“IDF”). This latest order brings the total accumulated orders from the IDF to over $2.33 million since the beginning of the third quarter of 2024, reinforcing Silynxcom’s growing presence and trust placed in its solutions within the global defense market.

“We are proud to continue supporting the IDF with our innovative communication systems tailored to meet the demands of modern defense operations,” said Nir Klein, Chief Executive Officer of Silynxcom. “This milestone reflects the confidence in our solutions and highlights our strengthening position as a trusted partner for defense forces worldwide.”

Serve Robotics Inc. (NASDAQ: SERV), a leading autonomous delivery company, recently announced that it raised gross proceeds of $86 million during December 2024, bringing total gross proceeds raised in 2024 to $167 million. Since its spinout from Uber in 2021, the Company has secured approximately $220 million in total funding. The additional December 2024 funding includes proceeds raised through Serve’s previously filed ATM facility and the exercise of warrants. As of December 31, 2024, Serve had a total of approximately 51.5 million shares of common stock issued and outstanding.

This infusion of capital significantly strengthens Serve’s financial position, extending its expected operational runway approximately through the end of 2026. Serve is now able to self-fund equipment investments, eliminating the near-term need for equipment financing and its associated servicing costs. By preserving balance sheet flexibility and optimizing its cost of capital with efficient, lower cost funding solutions, the Company is well-positioned to support strategic initiatives and invest in further advancing its technology leadership.


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

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

Contact Information:

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SOURCE: FN Media Group



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Roku Rings in the New Year with 90 Million Streaming Households

Roku Rings in the New Year with 90 Million Streaming Households

Driven by global expansion, award-winning TVs and streaming devices, and a delightful viewer experience that is the lead-in to all TV

SAN JOSE, Calif.–(BUSINESS WIRE)–
Roku, the #1 selling TV OS in the U.S., Canada, and Mexico*, has surpassed 90 million streaming households in the first week of January 2025**, a significant milestone as streaming becomes the leading way to watch TV. As the top selling TV OS for over five years in the U.S.***, Roku is in nearly half of all U.S. broadband households.

“Roku’s extensive scale sets us apart in the streaming industry, with more engagement than any other TV OS platform in the U.S.,” said Anthony Wood, Founder and CEO, Roku. “Thanks to our laser focus on simplifying and enhancing the streamer’s journey, Roku is the preferred choice for millions of viewers. I’m grateful to our customers, partners, advertisers, and employees for helping us reach this notable milestone.”

In 2024, Roku celebrated 10 years of the Roku TV program and 15 years since the launch of Roku’s first connected streaming device, with millions of units sold to customers globally. Roku TVs and devices deliver an unparalleled viewing experience with a simple and iconic interface, seamless navigation, and a commitment to excellence that sets the standard in streaming. Last year, Roku continued to introduce innovative features that enhance the TV experience, including Backdrops, which transforms any Roku TV into a work of art, and Roku Smart Picture, which automatically optimizes picture quality.

Roku TVs and streaming players offer incredible value for customers with an always expanding content library, including over 500 free live linear channels in the U.S., premium exclusive content, and thousands of free-on demand options. The Roku Channel is a top 10 streaming service in the U.S.**** and has seen over 80% year-over-year growth*****. With the increasing number of streaming choices available, Roku’s features like universal search, What to Watch, and Live TV Guide make it easy to find your favorite content across multiple apps, and Roku’s unique content destinations, like the recent Olympics Zone, offer genre-based programming from across the platform in one convenient location, for seamless browsing and discovery.

Roku devices, featuring the Roku Experience, form the foundation of Roku’s platform business, which encompasses advertising and subscriptions. Advertisers love Roku because it’s the lead-in to all TV, featuring unique advertising experiences like Roku City and the Sports Zone. Streaming services appreciate the ability to promote subscriptions on the Roku platform, and Roku Pay simplifies the process for streamers seeking a simple way to sign up for and manage subscriptions through Roku.

For more information, please visit Roku.com.

*Circana, LLC, Retail Tracking Service, TV, Software Service, Unit Sales, 3 Months Ending September 2024

**Roku ended its fiscal year 2024 with 89.8 million streaming households.

***Circana, LLC, Retail Tracking Service, US, TV, Software Service, Unit Sales, January 2019 – September 2024.

****Nielsen November Gauge Report (10/28/2024-11/24/2024)

*****Roku internal data (Fourth Quarter 2023 to Fourth Quarter 2024)

About Roku, Inc.

Roku pioneered streaming on TV. We connect users to the content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku TV™ models, Roku streaming players, and TV-related audio devices are available in various countries around the world through direct retail sales and/or licensing arrangements with TV OEM brands. Roku-branded TVs and Roku Smart Home products are sold exclusively in the United States. Roku also operates The Roku Channel, the home of free and premium entertainment with exclusive access to Roku Originals, and the #3 app on our platform by both reach and engagement. The Roku Channel is available in the United States, Canada, Mexico, and the United Kingdom. Roku is headquartered in San Jose, Calif., U.S.A.

Roku is a registered trademark, and Roku TV is a trademark of Roku, Inc. in the U.S. and in other countries.

This press release contains “forward-looking” statements that are based on our beliefs and assumptions and on information currently available to us on the date of this press release. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. These statements include but are not limited to those related Roku’s streaming household growth and reaching future milestones; trends in TV viewing and advertising; and the benefits of the Roku platform. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Important factors that could cause our actual results to differ materially are detailed from time to time in the reports we file with the Securities and Exchange Commission, including our most recent the Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Copies of reports filed with the SEC are posted on Roku’s websites and are available from Roku without charge.

Media Contacts

Jack Evans

[email protected]

Brigitte Gilbert

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology Entertainment Online Audio/Video Software General Entertainment TV and Radio Internet Hardware

MEDIA:

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KinderCare’s Champions Program Announces Summer 2025 Schedule

KinderCare’s Champions Program Announces Summer 2025 Schedule

Increasing demand for school-age summer programs leads to record number of Champ Camps nationwide

LAKE OSWEGO, Ore.–(BUSINESS WIRE)–
As school-age students around the country return to their classrooms after winter break, families know it’s time to think ahead to how their children will spend summer break. To help families plan ahead for out-of-school time, Champions, which operates more than 1,000 before- and after-school programs nationwide, opened enrollment for their 2025 Champ Camp summer camp schedule.

Champions is part of KinderCare Learning Companies’ (NYSE: KLC) family of brands. KLC is one of the nation’s leading private providers of high-quality early childhood education by center capacity, serving thousands of children in 40 states and the District of Columbia.

“While schools may take a break during the summer, we know many families need continued support. This can make it stressful for families who need to balance their work schedule with their need for high-quality summer activities for their children,” said Dan Figurski, President of Champions. “As employers continue to implement return to work policies, we wanted to give families plenty of time to find a summer program that works best for their children and that’s in a convenient location within their school or community. Last year half of summer camp attendees were signed up before the end of spring, showing us families like to plan ahead.”

Throughout the school year, Champions operates more than 1,000 before- and after-school programs in partnership with elementary and middle schools around the country. During the summer more than 400 of those programs host Champ Camp, providing students ages 5-12 with daily activities organized around five key themes:

  • Innovation (Science, Technology, Engineering and Math)

  • Movement (healthy competition and physical activity)

  • Creativity (art)

  • Friendship (teamwork); and

  • Outdoor (nature exploration)

“Our Champ Camps give children plenty of time to play outside, interact with their friends, and build on the academic skills they learned during the school year so they’re ready to go when school starts again in the fall,” said Figurski.

Champ Camp includes indoor and outdoor group activities designed to help children use their natural creativity and curiosity to learn and develop important social skills, such as independence and resilience. In addition, Champ Camp Great Outdoors programs offer children a day camp experience where they can hike, swim, make art projects, work on team challenges, and learn about nature in 27 locations nationwide.

Families requested convenient, flexible and affordable summer programs, which is why Champ Camp is designed to accommodate both full and part-time participation. Champions also works with a variety of state and federal agencies to help families of all means access tuition subsidies for school-based Champ Camps.

Families can sign up their school-age children for Champions Champ Camp online.

About KinderCare Learning Companies™

A leading provider early childhood and school-age education and care, KinderCare builds confidence for life in children and families from all backgrounds. KinderCare supports hardworking families in 40 states and the District of Columbia with differentiated flexible child care solutions to meet today’s dynamic work environment:

  • In neighborhoods, with KinderCare® Learning Centers that offer early learning programs for children six weeks to 12 years old,

  • In The Crème de la Crème™ School, which offers a premium early education model using a variety of enrichment classrooms; and

  • In local schools, with Champions®before- and after-school programs.

KinderCare partners with employers nationwide to address the child care needs of today’s dynamic workforce. We providecustomized family care benefits for organizations, including care for young children on or near the site where their parents work, tuition benefits, and backup care where KinderCare programs are located.

Headquartered in Lake Oswego, Oregon, KinderCare operates nearly 2,500 early learning centers and sites. To learn more, visit KC-Learning.com.

Colleen Moran

[email protected]

503-872-1300, option 3

KEYWORDS: Oregon United States North America

INDUSTRY KEYWORDS: Parenting Other Education Children Family Baby/Maternity Primary/Secondary Consumer Education

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CLASS ACTION NOTICE: Berger Montague Advises Capri Holdings Limited (NYSE: CPRI) Investors to Inquire About a Securities Fraud Class Action

PHILADELPHIA, Jan. 07, 2025 (GLOBE NEWSWIRE) — Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against CAPRI HOLDINGS LIMITED (“Capri” or the “Company”) (NYSE: CPRI) on behalf of purchasers of CAPRI securities between August 10, 2023 and October 24,2024, inclusive (the “Class Period”).

Investors that suffered losses from CAPRI (NYSE: CPRI) investments can follow the link below for more information regarding the lawsuit:



CLICK HERE


to learn your rights.

Investors who purchased or acquired CAPRI securities during the Class Period may, no later than

FEBRUARY 21, 2025

, seek to be appointed as a lead plaintiff representative of the class.

Capri is a UK-based market of apparel and accessories. It owns several fashion brands, such as Michael Kors, which manufactures and sells handbags, among other things. Tapestry, Inc. is also a fashion firm, and it owns fashion brands such as Coach and Kate Spade.

On August 10, 2023, Capri and Tapestry announced that they had entered into a merger agreement whereby Tapestry would purchase Capri for $57 per share in cash. The Capri acquisition would combine three close competitors: Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand.

According to the class action lawsuit, defendants failed to disclose that a primary internal rationale for the Capri acquisition was to consolidate brands within the accessible luxury handbag market so as to reduce competition, increase prices, improve profit margins, and reduce consumer choice within that market. As a result, the risk of adverse regulatory action against the proposed merger was higher than represented.

On October 24, 2024, following a seven-day hearing, Judge Jennifer L. Rochon of the U.S. District Court for the Southern District of New York granted the U.S. Federal Trade Commission’s motion to preliminarily enjoin the Capri acquisition. In doing so, the court determined, among other things, that a “substantial body of compelling evidence” showed that, in contrast to their public statements, defendants believed that their brands were direct competitors in a well-defined “accessible luxury handbag market.”

On news, the price of Capri shares fell from $41.60 per share on October 24, 2024 to a closing price of $21.26 per share on October 26, 2024, a drop of $20.34 per share, nearly 50%.


For additional information or to learn how to participate in this litigation,




CLICK HERE




or please contact Berger Montague: Andrew Abramowitz at




[email protected]




or (215) 875-3015, or Peter Hamner at




[email protected]


.

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.


Berger Montague
, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contacts:

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
[email protected]  

Peter Hamner
Berger Montague PC
[email protected]



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Paychex Enters into Definitive Agreement to Acquire Paycor

Paychex Enters into Definitive Agreement to Acquire Paycor

Creates one of the most comprehensive suites of human capital management (HCM) solutions in the industry for organizations of all sizes

Extends Paychex’s upmarket position and expands suite of AI-driven HR technology and advisory solutions

Expected to be neutral to slightly accretive to adjusted diluted EPS in the first fiscal year post-close and accretive in the second fiscal year and beyond1

ROCHESTER, N.Y.–(BUSINESS WIRE)–
Paychex, Inc. (Nasdaq: PAYX) (“Paychex”), an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll today announced it has entered into a definitive agreement to acquire Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of HCM, payroll and talent software in an all-cash transaction for $22.50 per share, representing an enterprise value of approximately $4.1 billion. The definitive agreement has been unanimously approved by the Boards of Directors of both companies.

Headquartered in Cincinnati, Ohio, Paycor has approximately 2,900 employees, serves over 49,000 clients, and supports approximately 2.7 million employees across the United States. Paycor’s leading HCM, payroll, and talent platform was designed to serve organizations of all sizes, from ten to thousands of employees. Paycor has expanded its upmarket position since becoming a public company in 2021 by consistently investing in data, AI, and other cutting-edge technologies.

“I’m excited to welcome Paycor to the Paychex family,” said John Gibson, President and CEO of Paychex. “For over 50 years, Paychex has been committed to helping businesses succeed. This acquisition represents a significant milestone in our journey to provide best-in-class HCM solutions to businesses of all sizes.”

Gibson added: “The acquisition of Paycor is highly complementary. It will enhance our capabilities upmarket, broaden our suite of AI-driven HR technology capabilities, and provide new channels for sustained long-term growth. Our customers will benefit from an expanded suite of technology and advisory solutions designed to help them address their HR challenges, and Paycor’s customers will benefit from our broad product set of HR advisory and employee solutions and from the scale and tradition of operational and service excellence that Paychex is well-known for in the marketplace.”

“Paycor’s mission is to empower business leaders to achieve greater success,” said Raul Villar, Jr., CEO of Paycor. “We believe this transaction will create a great outcome for our clients and key stakeholders, and we are very excited to be joining Paychex for the next phase of our journey. We are confident that our customers will benefit from the shared expertise, resources, and innovative HCM solutions of both companies to drive even greater people and business performance.”

Overview of Transaction Rationale

  • Combined offering will be one of the most comprehensive HCM portfolios in the industry, allowing Paychex to better meet the needs of new and existing customers across all customer segments

  • Paycor’s strength upmarket will complement Paychex’s position in this customer segment

  • Acquisition significantly expands Paychex’s sales coverage and adds additional growth platforms via access to Paycor’s strategic partnerships and embedded HCM capabilities

  • Shared emphasis on helping businesses succeed through leading technology and advisory solutions and commitment to investing in product innovation and using data and AI to provide actionable insights to customers

  • Expected run-rate cost synergies in excess of $80 million in the near-term and substantial revenue synergy opportunity over the next several years

  • Expected to be neutral to slightly accretive to adjusted diluted EPS in the first fiscal year post-close and accretive in the second fiscal year and beyond2

Transaction Details

  • All-cash acquisition of 100% of Paycor for $22.50 per share, reflecting approximately $4.1 billion enterprise value

  • Represents a premium of approximately 19% over Paycor’s 30-day volume weighted average trading price as of the unaffected trading date of January 3, 2025

  • Paychex is committed to maintaining our dividend policy and strong balance sheet and has obtained committed financing to support the transaction, which is expected to be funded with incremental debt

  • Acquisition is expected to close in the first half of calendar 2025, subject to satisfaction of regulatory approvals and other customary closing conditions

  • Pride Aggregator, LP, an affiliate of Apax Partners LLP, currently owns 96.1 million of Paycor’s shares, representing a majority of Paycor’s outstanding common stock. Pride Aggregator, LP has approved the transaction by written consent

Advisors

J.P. Morgan Securities LLC is serving as the exclusive financial advisor to Paychex, and Davis Polk & Wardwell, LLC is serving as legal advisor to Paychex. Goldman Sachs & Co. LLC is serving as the exclusive financial advisor to Paycor, and Kirkland & Ellis LLP is serving as legal advisor to Paycor.

Conference Call Information

Paychex will review the details of the transaction during a conference call on January 7, 2025, at 9:30 a.m. ET. A live audio webcast of the conference call will be available on the company’s website at www.paychex.com in the investor relations section. The webcast will be archived for approximately 90 days. Our news releases, current financial information, SEC filings, and investor presentations are also accessible at https://investor.paychex.com.

About Paychex

Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To learn more, visit www.paychex.com.

About Paycor

Paycor’s HR, payroll, and talent platform connects leaders to people, data, and expertise. We help leaders drive engagement and retention by giving them tools to coach, develop, and grow employees. We give them unprecedented insights into their operational data with a unified HCM experience that can seamlessly connect to other mission-critical technology. By providing expert guidance and consultation, we help them achieve business results and become an extension of their teams. Learn more at paycor.com.

Cautionary Note Regarding Forward-Looking Statements

Certain written statements in this press release may contain, and members of management may from time to time make or discuss statements which constitute, “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by such words and phrases as “expect,” “outlook,” “will,” guidance,” “projections,” “anticipate,” “believe,” “can,” “could,” “design,” “may,” “possible,” “potential,” “should” and other similar words or phrases. Forward-looking statements include, without limitation, all matters that are not historical facts. Examples of forward-looking statements include, among others, statements we make regarding operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to our outlook, revenue growth, earnings, earnings-per-share growth, and similar projections.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to known and unknown uncertainties, risks, changes in circumstances, and other factors that are difficult to predict, many of which are outside our control. Our actual performance and outcomes, including without limitation, our actual results and financial condition, may differ materially from those indicated in or suggested by the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following:

  • our ability to keep pace with changes in technology or provide timely enhancements to our solutions and support;

  • software defects, undetected errors, and development delays for our solutions;

  • the possibility of cyberattacks, security vulnerabilities or Internet disruptions, including data security and privacy leaks, and data loss and business interruptions;

  • the possibility of failure of our business continuity plan during a catastrophic event;

  • the failure of third-party service providers to perform their functions;

  • the possibility that we may be exposed to additional risks related to our co-employment relationship with our PEO business;

  • changes in health insurance and workers’ compensation insurance rates and underlying claim trends;

  • risks related to acquisitions and the integration of the businesses we acquire;

  • our clients’ failure to reimburse us for payments made by us on their behalf;

  • the effect of changes in government regulations mandating the amount of tax withheld or the timing of remittances;

  • our failure to comply with covenants in our debt agreements;

  • changes in governmental regulations, laws, and policies;

  • our ability to comply with U.S. and foreign laws and regulations;

  • our compliance with data privacy and artificial intelligence laws and regulations;

  • our failure to protect our intellectual property rights;

  • potential outcomes related to pending or future litigation matters;

  • the impact of macroeconomic factors on the U.S. and global economy, and in particular on our small- and medium-sized business clients;

  • volatility in the political and economic environment, including inflation and interest rate changes;

  • our ability to attract and retain qualified people; and

  • the possible effects of negative publicity on our reputation and the value of our brand.

Any of these factors, as well as such other factors as discussed in our SEC filings, could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known as of the date of this press release, and any forward-looking statements made by us in this document speak only as of the date on which they are made. Except as required by law, we undertake no obligation to update these forward-looking statements after the date of issuance of this press release to reflect events or circumstances after such date, or to reflect the occurrence of unanticipated events.

No Offer or Solicitation

This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Additional Information about the Proposed Transaction and Where to Find It

In connection with the proposed transaction, Paycor intends to file relevant materials with the SEC, including Paycor’s information statement in preliminary and definitive form. Paycor stockholders are strongly advised to read all relevant documents filed by Paycor with the SEC, including Paycor’s information statement, because they will contain important information about the proposed transaction. These documents will be available at no charge on the SEC’s website at www.sec.gov. In addition, documents will also be available without charge by visiting the Paycor website at paycor.com.

1 Adjusted diluted earnings per share (“EPS”) is not a U.S. generally accepted accounting principles (“GAAP”) measure. Refer to our Annual Report on Form 10-K for discussion of these measures.

2 Adjusted diluted earnings per share (“EPS”) is not a U.S. generally accepted accounting principles (“GAAP”) measure. Refer to our Annual Report on Form 10-K for discussion of these measures.

Paychex Investor Relations:

Jason Harbes, Director, Investor Relations

Phil Nicosia, Manager, Investor Relations

(800) 828-4411

[email protected]

Paychex Media Inquiries:

Tracy Volkmann

Manager, Public Relations

(585) 387-6705

[email protected]

KEYWORDS: New York Ohio United States North America

INDUSTRY KEYWORDS: Technology Insurance Human Resources Payments Finance Fintech Professional Services Data Management Artificial Intelligence

MEDIA:

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APA Corporation Announces Launch of Private Notes Offering

HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) — APA Corporation (“APA”) (Nasdaq: APA) announced today that it intends to offer, subject to market and other conditions, a series of senior notes due 2035 and a series of senior notes due 2055 (collectively, the “Notes”) in a private offering (the “Private Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

APA intends to use the net proceeds from the proposed offering to purchase certain outstanding senior indebtedness issued by Apache Corporation, a Delaware corporation and a wholly-owned subsidiary of APA (“Apache”) in cash tender offers with respect to several series of its outstanding notes, which commenced on December 3, 2024, with a maximum aggregate purchase price of $869 million (including accrued and unpaid interest) (the “Tender Offers”). Any remaining net proceeds will be used for general corporate purposes, which may include further purchases of Apache’s outstanding notes. The settlement date of the Tender Offers and the concurrent offers to exchange certain outstanding senior indebtedness issued by Apache for new notes to be issued by APA is expected to be January 10, 2025 (the “Tender Settlement Date”).

The Notes will be initially guaranteed by Apache, until the first time that the aggregate principal amount of indebtedness under senior notes and debentures outstanding under Apache’s existing indentures is less than $1 billion, provided that if the aggregate principal amount of such indebtedness is less than $1 billion as of the Tender Settlement Date, then the reason for such guarantees would have ceased to exist and no guarantees would be issued with respect to the Notes.

The Notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any state or other jurisdiction, and the Notes may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws.

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

About APA

APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “goals,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. All of the forward-looking statements are qualified in their entirety by reference to the factors discussed under “Forward-Looking Statements and Risk” and “Risk Factors” in APA’s Annual Report on Form 10-K for the year ended December 31, 2023, and in its Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024, and September 30, 2024 and similar sections in any subsequent filings, which describe risks and factors that could cause results to differ materially from those projected in those forward-looking statements. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. APA and its subsidiaries undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.

Contacts

Investor: (281) 302-2286 Ben Rodgers
     
Media: (713) 296-7276 Alexandra Franceschi
     
Website: www.apacorp.com  
 

APA-F



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Amesite Announces Pricing of Public Offering

DETROIT, Jan. 07, 2025 (GLOBE NEWSWIRE) — Amesite Inc. (Nasdaq: AMST), a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, today announced the pricing of its “best efforts” underwritten public offering of 1,201,667 shares of its common stock at a public offering price of $3.00 per share, before underwriting discounts and commissions, for an aggregate offering of approximately $3.6 million. Certain officers and directors of the Company are participating in the offering for aggregate subscriptions of approximately $1.26 million. The offering is expected to close on January 8, 2025, subject to the satisfaction of customary closing conditions.

Laidlaw & Company (UK) Ltd. and Craft Capital Management LLC are acting as joint book-running managers for the offering.

The Company intends to use the net proceeds from the offering for general corporate purposes, capital expenditures, working capital and general and administrative expenses.

A shelf registration statement on Form S-3 (Registration No. 333-282999) relating to the public offering of the securities described above was previously filed with the Securities and Exchange Commission (SEC) and declared effective on December 18, 2024. A preliminary prospectus supplement and accompanying prospectus relating to the underwritten public offering was filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from Laidlaw & Company (UK) Ltd., 521 Fifth Ave., 12th Floor, New York, NY 10175, Attention: Syndicate Dept.; email: [email protected].

This press release shall not constitute an offer to sell or the 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 registration or qualification under the securities laws of any such state or other jurisdiction. Any offer, if at all, will be made only by means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement.

About Amesite Inc.

Amesite Inc. (Nasdaq: AMST) is a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions. Leveraging its proprietary AI infrastructure, Amesite offers cutting-edge applications that cater to both individual and professional needs. NurseMagic™, the company’s mobile app for health and care professionals, streamlines creation of nursing notes and documentation tasks, enhances patient communication, and offers personalized guidance to nurses on patient care, medications, and handling challenging workplace situations.

Forward Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company’s anticipated public offering, the Company’s planned online machine learning platform, the Company’s business plans, any future commercialization of the Company’s online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “plan,” “believe,” “intend,” “look forward,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company’s filings with the SEC. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact

MJ Clyburn
TraDigital IR
[email protected]



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MaxLinear, Inc. Announces Conference Call to Review Fourth Quarter 2024 Financial Results

MaxLinear, Inc. Announces Conference Call to Review Fourth Quarter 2024 Financial Results

Wednesday, Jan. 29, 2025 at 1:30 p.m. Pacific Time; 4:30 p.m. Eastern Time

CARLSBAD, Calif.–(BUSINESS WIRE)–
MaxLinear, Inc. (NASDAQ: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, announced today that it will release its financial results for the fourth quarter 2024 after the close of market on Wednesday, January 29, 2025. The company will host a corresponding conference call at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time.

Conference Call Details

Date:

January 29, 2025

Time:

1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time

Hosts:

Kishore Seendripu, Ph.D., Chief Executive Officer and

Steve Litchfield, Chief Financial Officer and Chief Corporate Strategy Officer

Dial-in:

US toll free: 1-877-407-3109

International: 1-201-493-6798

Webcast:

https://investors.maxlinear.com

 

About MaxLinear, Inc.

MaxLinear, Inc. (NASDAQ:MXL) is a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits for access and connectivity, wired and wireless infrastructure, and industrial and multimarket applications. MaxLinear is headquartered in Carlsbad, California. For more information, please visit www.maxlinear.com.

MXL is MaxLinear’s registered trademark. Other trademarks appearing herein are the property of their respective owners.

MaxLinear, Inc. Investor Relations Contact:

Leslie Green

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Apps/Applications Mobile/Wireless Technology Semiconductor Security Other Technology Software Networks Internet Data Management

MEDIA:

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Posted on

CLASS ACTION NOTICE: Berger Montague Advises Marqeta (NASDAQ: MQ) Investors to Inquire About a Securities Fraud Class Action

PHILADELPHIA, Jan. 07, 2025 (GLOBE NEWSWIRE) — Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against MARQETA, INC. (“Marqeta” or the “Company”) (NASDAQ: MQ) on behalf of purchasers of MARQETA securities between May 7, 2024 and November 4,2024, inclusive (the “Class Period”).

Investors that suffered losses from MARQETA (NASDAQ: MQ) investments can follow the link below for more information regarding the lawsuit:



CLICK HERE


to learn your rights.

Investors who purchased or acquired MARQETA securities during the Class Period may, no later than

FEBRUARY 7, 2025

, seek to be appointed as a lead plaintiff representative of the class.

Headquartered in Oakland, CA, Marqeta operates a cloud-based platform which enables businesses to issue and manage their own payment cards.

On November 4, 2024, the Company issued a press release entitled “Marqeta Reports Third Quarter 2024 Financial Results.” In addition to reporting its third quarter results, Marqeta announced lower fourth quarter guidance which reflected “several changes that became apparent over the last few months with regards to the heightened scrutiny of the banking environment and specific customer program changes.”

On this news, the price of Marqeta stock fell $2.53 per share – more than 42% – from a close of $5.95 per share on November 4, 2024 to close at $3.42 per share on November 5, 2024.


For additional information or to learn how to participate in this litigation,




CLICK HERE




or please contact Berger Montague: Andrew Abramowitz at




[email protected]




or (215) 875-3015, or Peter Hamner at




[email protected]


.

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.


Berger Montague
, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contacts:

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
[email protected]  

Peter Hamner
Berger Montague PC
[email protected]