Dow Jones: Nike Earnings Beat Fails to Impress, Stock Slides in After-Hours
FX Empire· 2025-06-26 20:59
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Yorkville Acquisition Corp. Announces Pricing of $150,000,000 Initial Public Offering
Globenewswire· 2025-06-26 20:48
Company Overview - Yorkville Acquisition Corp. is a blank check company incorporated in the Cayman Islands, aimed at effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [5] - The company has not selected any specific business combination target and has not engaged in substantive discussions with any potential targets [5] - The company intends to focus its search for business combinations at the intersection of media, technology, and entertainment [5] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 15,000,000 units at $10.00 per unit, with units expected to be listed on Nasdaq under the ticker symbol "YORKU" starting June 27, 2025 [1] - Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant allowing the holder to purchase one Class A ordinary share at a price of $11.50 per share [1] - The offering is expected to close on June 30, 2025, subject to customary closing conditions [1] - The underwriter has a 45-day option to purchase up to an additional 2,250,000 units to cover over-allotments [1] Legal and Management Information - Clear Street is acting as the sole book-running manager for the offering, with D. Boral Capital LLC as co-manager [2] - Legal counsel for the company includes DLA Piper LLP (US) and Maples and Calder (Cayman LLP) [2] - A registration statement on Form S-1 relating to the securities sold in the IPO has been filed with the SEC and was declared effective on June 26, 2025 [3]
Class Action Filed Against Digimarc Corporation (DMRC) Seeking Recovery for Investors – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-06-26 20:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Digimarc Corporation regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during a specified class period [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from May 3, 2024, to February 26, 2025 [3]. - Allegations include that Digimarc's management made materially false and misleading statements, specifically regarding: 1. A significant commercial partner's decision not to renew a large contract on the same terms. 2. The need for Digimarc to renegotiate this large commercial contract. 3. The adverse impact on the company's subscription revenue and annual recurring revenue due to the renegotiation. 4. Misleading positive statements about the company's business and prospects as a result of the above issues [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 7, 2025, to participate in the case without any cost or obligation [4]. - Upon registration, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [5].
Class Action Filed Against Rocket Pharmaceuticals, Inc. (RCKT) - August 11, 2025 Deadline to Join – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-06-26 20:45
Core Viewpoint - Rocket Pharmaceuticals, Inc. is facing a class action lawsuit due to allegations of providing misleading statements regarding the safety and clinical trial protocol of its RP-A501 treatment, which resulted in significant stock price decline after the FDA placed a clinical hold on the study following a Serious Adverse Event [3][4]. Summary by Relevant Sections Allegations - The complaint alleges that Rocket Pharmaceuticals made overwhelmingly positive statements while concealing material adverse facts about RP-A501's safety and clinical trial protocol, including the risk of Serious Adverse Events (SAEs) and participant deaths [3]. - The company amended the trial protocol to include a new immunomodulatory agent without informing shareholders, leading to artificially inflated stock prices [3]. - Following the announcement of the FDA's clinical hold on May 27, 2025, due to a patient's death linked to the trial, Rocket's stock price plummeted from $6.27 to $2.33, a decline of approximately 37% in one trading day [3]. Class Action Details - The class period for the lawsuit is from February 27, 2025, to May 26, 2025, with a deadline for shareholders to register as lead plaintiffs by August 11, 2025 [4]. - Shareholders who register will receive updates on the case's progress through portfolio monitoring software [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, seeking recovery for losses incurred due to misleading statements by companies [5].
Investors in Vestis Corporation Should Contact The Gross Law Firm Before August 8, 2025 to Discuss Your Rights – VSTS
GlobeNewswire News Room· 2025-06-26 20:41
Core Viewpoint - Vestis Corporation is facing a class action lawsuit due to allegations of providing misleading statements about its business growth and performance, leading to a significant drop in stock price following disappointing financial results [3][4]. Summary by Relevant Sections Allegations - The complaint against Vestis Corporation claims that the company made overwhelmingly positive statements while concealing material adverse facts about its business growth capabilities [3]. - Specifically, it is alleged that Vestis would be unable to execute planned strategic initiatives aimed at improving customer experience and driving new customer growth [3]. Financial Performance - On May 7, 2025, Vestis announced its second-quarter financial results for fiscal 2025, withdrawing its revenue and growth guidance for the full year [3]. - The company reported that its poor performance was due to "lost business in excess of new business" and "lower adds over stops," indicating a decline in volume changes with existing customers [3]. - Following this announcement, Vestis' stock price plummeted from $8.71 per share on May 6, 2025, to $5.44 per share on May 7, 2025, marking a decline of approximately 37.54% in just one day [3]. Class Action Details - Shareholders who purchased shares of Vestis during the class period from May 2, 2024, to May 6, 2025, are encouraged to register for the class action lawsuit [4]. - The deadline for shareholders to seek lead plaintiff status is August 8, 2025, and there is no cost or obligation to participate in the case [4]. Law Firm Information - The Gross Law Firm, which is handling the class action, is a nationally recognized firm dedicated to protecting investors' rights against deceit and fraud [5].
Compass Group Diversified Holdings, LLC Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before July 8, 2025 to Discuss Your Rights – CODI
GlobeNewswire News Room· 2025-06-26 20:40
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Compass Group Diversified Holdings, LLC (NYSE: CODI) regarding a class action lawsuit due to alleged failures in financial reporting and internal controls [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that Compass failed to disclose effective internal controls over financial reporting and critical information regarding its subsidiary, Lugano Holding, Inc. This included undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [3]. - The truth about these issues emerged on May 7, 2025, when Compass announced that its financial statements for fiscal 2024 could no longer be relied upon due to an internal investigation into Lugano [3]. - Following this announcement, Compass's stock price plummeted from $17.25 per share on May 7, 2025, to $6.55 per share on May 8, 2025 [3]. Next Steps for Shareholders - Shareholders who purchased shares of CODI during the class period (February 24, 2022, to May 7, 2025) are encouraged to register for the class action by July 8, 2025 [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case [4]. Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements or omissions that led to stock inflation [5].
Organon & Co. Class Action: The Gross Law Firm Reminds Organon Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 22, 2025 – OGN
GlobeNewswire News Room· 2025-06-26 20:39
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Organon & Co. regarding a class action lawsuit due to misleading statements and a significant reduction in quarterly dividends, which led to a sharp decline in stock price [1][3]. Summary by Relevant Sections Class Action Details - Shareholders who purchased Organon shares between October 31, 2024, and April 30, 2025, are encouraged to contact the firm for potential lead plaintiff appointment [1][4]. - The allegations include that the defendants made overly positive statements while concealing material adverse facts about the company's capital allocation priorities, particularly regarding debt reduction after the acquisition of Dermavant [3]. Financial Impact - Following the revelation of the company's debt reduction strategy, Organon's regular quarterly dividend was reduced by 70%, causing the stock price to drop from $12.93 per share on April 30, 2025, to $9.45 per share on May 1, 2025, representing a decline of over 27% in one day [3]. Next Steps for Shareholders - The deadline for shareholders to register for the class action is July 22, 2025, and those who register will receive updates through a portfolio monitoring software [4]. - Participation in the case does not incur any cost or obligation for the shareholders [4]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [5].
The Gross Law Firm Notifies Shareholders of 3D Systems Corporation(DDD) of a Class Action Lawsuit and an Upcoming Deadline
GlobeNewswire News Room· 2025-06-26 20:39
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of 3D Systems Corporation regarding a class action lawsuit due to alleged misleading statements and omissions made by the company during a specified class period [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from August 13, 2024, to May 12, 2025 [3]. - Allegations include that 3D Systems understated the impact of weakened customer spending and overstated its resilience in challenging industry conditions [3]. - Additionally, the updated milestone criteria in the partnership with United Therapeutics Corporation are claimed to negatively impact the company's regenerative medicine program revenue [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by the deadline of August 12, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to deceitful practices by companies [5]. - The firm emphasizes the importance of responsible business practices and good corporate citizenship [5].
Apple updates the rules for its EU App Store by adding more complicated fees
TechCrunch· 2025-06-26 20:38
Core Points - Apple announced updates to its developer policies to comply with the EU's Digital Markets Act (DMA) ahead of the June 26 deadline to avoid fines [1][2] - The updates include new "anti-steering" rules allowing EU app developers to link to alternative payment methods outside the App Store [3] - Apple introduced a new fee structure, replacing the Core Technology Fee (CTF) with an initial acquisition fee of 2% and a store services fee of either 13% or 5% based on developer tiers [4][5] Developer Fee Structure - The new fee structure includes a Core Technology Commission (CTC) that will replace the CTF, with a 5% commission for developers on standard terms in the EU [6][7] - Developers previously paying the CTF of €0.50 per app install after 1 million downloads will transition to the new rules by January 1, 2026 [7] - Tier 1 developers have limited access to App Store services, while Tier 2 developers gain access to more comprehensive tools and features [5] Industry Reaction - Epic Games CEO Tim Sweeney criticized Apple's compliance with the DMA, labeling it as "malicious compliance" and arguing it undermines fair competition in digital markets [8]
Open Lending Corporation Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before June 30, 2025 to Discuss Your Rights – LPRO
GlobeNewswire News Room· 2025-06-26 20:38
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Open Lending Corporation regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's financial performance and risk-based pricing models [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from February 24, 2022, to March 31, 2025 [3]. - Allegations include: - Misrepresentation of the capabilities of the company's risk-based pricing models [3]. - Issuance of materially misleading statements regarding profit share revenue [3]. - Failure to disclose that the 2021 and 2022 vintage loans were worth significantly less than their outstanding loan balances [3]. - Misrepresentation of the underperformance of the 2023 and 2024 vintage loans [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by June 30, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [5]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that inflated the company's stock [5].