Stock exchanges
Innodata Inc. has disclosed that the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have concluded their investigations into the company without recommending any enforcement actions. These developments come after the company received subpoenas from both agencies in 2024 related to allegations contained in a
Stock exchanges
Prothena Corporation Public Limited Company, a multinational biotechnology company, has announced an approximate 63% reduction in its workforce in order to substantially reduce its operating costs to those necessary to support its remaining wholly-owned programs, its obligations to partnered programs, and its anticipated business development activities. This decision follows the
Financial markets
The Securities and Exchange Commission (SEC) has launched a new initiative to promote good corporate governance by introducing restrictions on the movement of Independent Non-Executive Directors (INEDs) between executive and non-executive roles. The directive follows concerns over the erosion of board independence, particularly the practice of INEDs being converted to
Initial public offerings
Pioneer Acquisition I Corp, a blank check company incorporated in the Cayman Islands, has successfully completed its initial public offering (IPO) of 25.3 million units at $10.00 per unit, garnering gross proceeds of $253 million before deducting underwriting discounts and estimated offering expenses. The units began trading on
Stock exchanges
Phathom Pharmaceuticals has filed a Form 8-K report with the U.S. Securities and Exchange Commission (SEC) on July 16, 2025, announcing that the U.S. Food and Drug Administration (FDA) has updated the Approved Drug Products with Therapeutic Equivalence Evaluations (the "Orange Book") to accurately reflect the
Stock exchanges
Immuneering Corporation, a biotechnology company, has announced interim data from its ongoing Phase 2a clinical trial evaluating atebimetinib, a once-daily oral MEK inhibitor, in combination with modified Gemcitabine/nab-Paclitaxel (mGnP) in first-line pancreatic cancer patients. As of May 26, 2025, of the 36 response evaluable patients in the mGnP arm,
United States. Securities and Exchange Commission
PMGC Holdings Inc. has announced the signing of a non-binding Letter of Intent to acquire a U.S.-based, cash-flow-positive CNC machining company with over 35 years of operational history. The company, which holds AS9100D and ISO 9001:2015 certifications, specializes in precision milling and turning, mold manufacturing, and working
Stock exchanges
ExxonMobil Corporation, one of the largest publicly traded international energy and petrochemical companies, has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation to purchase up to 1 million shares of ExxonMobil common stock. The offer price of $100 per share is 4.1% below the closing
Financial markets
The Securities and Exchange Commission (SEC) has issued a warning against Zugacoin and Samzuga GPT, deeming them unlicensed and unauthorized to operate in Nigeria's capital market. According to the Commission, these cryptocurrency products are being falsely promoted online without any regulatory approval or valid operational credentials. The SEC
Financial markets
The Securities and Exchange Commission (SEC) is poised to initiate a second round of public hearings on stricter margin loan regulations, aimed at curbing the misuse of margin credit for non-investment purposes. The regulatory amendments, expected to take effect in the third quarter this year, will likely prohibit securities firms
Financial markets
Armada Acquisition Corp. II (NASDAQ: AACIU) announced on June 24, 2025, that holders of the 23,000,000 units sold in the company's initial public offering may elect to separately trade shares of the company's Class A ordinary shares and warrants included in the units. The
Financial markets
Despite technological advancements and regulatory reforms, unclaimed dividends in Nigeria's capital market have continued to rise, totaling over N242 billion as of June 2025. This figure has grown steadily over the years, reaching N158.4 billion in 2019, N190 billion in 2023, and now N242 billion. The Securities
