BOSTON, Dec. 5, 2022 /PRNewswire/ — Circle Web Economic (Circle) and Concord Acquisition Corp (NYSE:CND), a publicly traded exclusive goal acquisition organization, nowadays introduced the mutual termination of their proposed organization mix in the beginning introduced in July 2021 and amended in February 2022.
Under the terms of Concord’s amended and restated certificate of incorporation, Concord has till December 10, 2022 to consummate a business enterprise mixture. The transaction agreement also states that Concord can request a shareholder vote to prolong that date to January 31, 2023 if the Securities and Trade Commission (SEC) has declared the S-4 registration assertion for the business enterprise mixture productive. To day, the S-4 registration assertion has not been declared powerful.
“Circle plays a key purpose in the blockchain’s disruption of economic providers,” mentioned Bob Diamond, Chairman of Concord Acquisition Corp. “I keep on being assured in Circle’s regulatory-first solution to setting up believe in and transparency in the monetary marketplace, which has hardly ever been more essential, and I will proceed becoming an advocate for the organization as it continues to increase.”
Termination of the proposed business mix has been permitted by the Board of Directors of both equally Harmony and Circle.
“Concord has been a solid companion and has added price during this approach, and we will carry on to advantage from the assistance and assist of Bob Diamond and the broader Harmony group. We are unhappy the proposed transaction timed out, however, turning into a public organization remains section of Circle’s main method to boost trust and transparency, which has under no circumstances been extra vital,” mentioned Jeremy Allaire, Co-Founder and CEO of Circle.
Circle continues to establish on its good results and turned rewarding in the third quarter of 2022, with total revenue and reserve fascination money of $274 million and internet revenue of $43 million. Circle also ended the quarter with near to $400 million in unrestricted income.
Further data about the termination of the transaction settlement for the proposed business enterprise mixture is offered in a Current Report on Kind 8-K submitted by Concord with the SEC. It is accessible at www.sec.gov.
About Circle Circle is a worldwide monetary technologies organization that enables corporations of all measurements to harness the electrical power of electronic currencies and community blockchains for payments, commerce and financial applications throughout the world. Circle is powering generally-on net-native commerce and payments and is the issuer of USD Coin (USDC) and Euro Coin (EUROC). Nowadays, Circle’s transactional products and services, small business accounts, and system APIs are providing increase to a new era of economic services and commerce purposes that maintain the guarantee of raising world economic prosperity for all by the frictionless exchange of price. Master extra at https://circle.com.
About Harmony Acquisition Corp Concord Acquisition Corp is a unique objective acquisition organization fashioned for the goal of getting into into a merger, funds inventory trade, asset acquisition, inventory acquire, reorganization or related business combination with one or much more companies in the financial providers or fiscal know-how industries. It is sponsored by Harmony Sponsor Group LLC, an entity affiliated with Atlas Service provider Cash LLC, an investment agency that gives credit card debt and equity investment approaches, in search of very long-expression value through differentiated knowledge in monetary companies and credit score marketplaces.
Harmony lifted $276 million in its preliminary community providing in December 2020 and is mentioned on the NYSE under the symbol “CND”.
Share on PinterestA mix solution to prostate cancer procedure may possibly be the very best way ahead, according to new research. Picture credit history: MirageC/Getty Photographs.
Prostate cancer is a form of most cancers that can guide to dying.
The exact cure for prostate cancer will depend on the particular person and the cancer’s severity.
Researchers are even now working to make improvements to remedy possibilities for prostate most cancers.
A current research located that the blended use of a few distinctive therapies improved the survival charge amid males with prostate most cancers.
Cancer impacts persons all in excess of the world. Authorities are continually analyzing how various treatment plans can eradicate or gradual the unfold of cancer
Every form of most cancers is diverse, major to the progress of various treatment and detection procedures.
A recent study that appears in The Lancet observed that a certain put together remedy therapy might improve the survival fee for men with prostate most cancers.
Prostate most cancers is a person of the most frequent styles of cancer between men. As noted by the Centers for Disorder Handle and Prevention (CDC), in 2018, there have been over 210,000 new circumstances of prostate cancer, and practically 31,500 of those with prostate cancer died of it.
As pointed out by the American Cancer Society, a couple various procedures can support detect prostate most cancers. 1 is to do a prostate-specific antigen (PSA) blood take a look at.
If the PSA stage is better than a particular reference place, it can indicate prostate most cancers. Nonetheless, there are other explanations for the PSA stage to be high, so this is not a definitive diagnostic instrument.
Medical practitioners can also do a digital rectal test to experience the prostate and be aware abnormal lumps. To confirm the findings of an elevated PSA or an abnormal digital rectal test, health professionals will get a biopsy of the prostate. If this confirms the presence of prostate most cancers, treatment method can commence.
Therapy for prostate cancer may perhaps include one or various possibilities, these kinds of as surgical treatment, radiation, cryotherapy, hormone remedy, immunotherapy, and chemotherapy. Researchers are however operating to strengthen the treatment method solutions and survival amount for folks with prostate cancer.
The analyze in The Lancet was a randomized managed trial. Scientists divided adult men with prostate most cancers into three unique procedure groups.
The research integrated individuals that experienced formerly had to have their prostate taken off and had a specified PSA amount after prostate removal. A full of 1,792 individuals enrolled in the examine.
Scientists sought to learn if working with a unique, combined treatment method strategy increased survival rates and lessened extreme cancer progression.
They utilised the label “freedom from progression.” The a few treatment groups integrated the a few unique therapy methods:
team 1 gained a kind of radiation referred to as salvage prostate bed radiotherapy (PBRT), which exclusively targets the prostate spot following the removal of the prostate
team 2 been given the similar radiation as group 1 (PBRT) and also been given quick-term androgen deprivation treatment (ADT), which operates to suppress certain hormones to lessen the gasoline of cancerous prostate cells
group 3 obtained the same treatments as team 2, incorporating 1 extra ingredient: This team acquired PBRT, ADT, and pelvic lymph node radiotherapy (PLNRT), a variety of radiation that explicitly targets the lymph nodes in the pelvic place, which is the place prostate most cancers can distribute.
The review uncovered that freedom from progression following 5 many years was best for individuals in team 3. In team 1, pretty much 71{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of the team experienced independence from development. In team 3, the share was 87.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.
These outcomes show that incorporating quick-time period androgen deprivation therapy and pelvic lymph node radiotherapy to salvage prostate mattress radiotherapy can help to make improvements to survival rates amid individuals with prostate most cancers.
Study author Dr. Alan Pollack observed the pursuing highlights to Health care News Right now:
“This is the first randomized analyze to display the incremental benefit of adding pelvic lymph node treatment to androgen deprivation remedy and common prostate mattress treatment method. This is a three-arm analyze developed to examination the intensification of treatment method from conventional of care prostate mattress RT (PBRT), PBRT in addition brief term androgen deprivation remedy (STADT), and PBRT furthermore STADT as well as pelvic lymph node cure (PLNRT). The major endpoint was 5-year flexibility from progression [and the study] confirmed that all round there have been incremental gains with the addition of ADT and then even further gains with PLNRT.”
The analyze authors do observe that working with this merged cure method is not devoid of hazards. They place out that it could increase the risk for specific bone marrow difficulties. They also observe that a extended follow-up time would be required to confirm the full usefulness of the cure.
Dr. Kelvin Moses, director of the Complete Prostate Cancer Clinic at Vanderbilt University Health-related Heart, who was not associated in this study, agreed that a lot more comply with-up study is desired, but reported that the outcomes so significantly are promising.
He discussed for MNT that “[t]his research reinforces the great importance of handle of the pelvic lymph nodes either at the time of operation, or in the placing of put up-prostatectomy recurrence.”
He extra that “[i]t remains to be noticed if the progression profit translates to a reduction in metastasis or loss of life from prostate cancer, but these final results are promising and can transform the paradigm for procedure of biochemical recurrence.”
The examine authors more observe that, as imaging of the prostate improves, it will impact how this treatment technique is used. But the exploration provides all round encouraging final results that survival fees can increase for all those with prostate most cancers with the correct type of treatment method.
Dr. Hayley Whitaker, a most cancers expert at the University Faculty of London, who was not included in this analyze, was enthusiastic with regards to its final results:
“There are quite a few strategies to treat patients with prostate cancer, but the buy that distinct remedies are utilised or combining unique solutions provides large probable to extend [the] life of guys by lots of decades.”
In accordance to her, “[t]his is groundbreaking analysis that has the potential to make a true affect on adult men remaining handled for prostate most cancers by building significant innovations in combining surgical procedure, radiotherapy, and hormone therapies.”
The initially day of listing and trading on Euronext Amsterdam under the new name “Azerion Group N.V.” and ticker symbol “AZRN” anticipated to be 2 February 2022
General public disclosure of inside of info in accordance with report 17(1) of the Regulation (EU) No 596/2014 on industry abuse (Marketplace Abuse Regulation)
AMSTERDAM, Feb. 01, 2022 (World NEWSWIRE) — Reference is created to the joint push release issued by European FinTech IPO Enterprise 1 B.V. (“EFIC1”), a unique objective acquisition company (SPAC) mentioned on Euronext Amsterdam (symbol: EFIC1 and EFICW), and Azerion Holding B.V. (“Azerion”), a superior-growth, EBITDA successful, digital leisure and media enterprise, on 13 December 2021 asserting that they have attained a definitive settlement to build a company mix (the “Business Combination”) pursuant to which EFIC1 will receive 100{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of the issued and superb share cash of Azerion (the “Business Blend Agreement”).
In link with the Business enterprise Mixture, EFIC1 and Azerion also entered into subscription agreements with specific traders (which include sure sponsors of EFIC1 or sure affiliate marketers of EFIC1’s sponsors), pursuant to which this kind of investors agreed to order and subscribe for common shares in EFIC1 for an aggregate quantity of EUR 23.15 million (the “Subscription Agreements”).
The Organization Mixture Settlement as well as the Membership Agreements consist of sure (waivable) customary completion problems.
EFIC1, Azerion and Azerion’s shareholders have now decided that all ailments less than every single of the Subscription Agreements and the Small business Mixture Agreement have possibly been fulfilled or waived and will proceed with the completion of the sponsors and co-traders placement and the Organization Mix.
The Business enterprise Blend is expected to be finished afterwards now, 1 February 2022, with the remaining structuring methods as approved by EFIC1’s shareholders at the extraordinary meeting of shareholders held on 31 January 2022 (this kind of as the conversion of the lawful kind of EFIC1 into a restricted organization (naamloze vennootschap)) taking area all through the morning of 2 February 2022. The put together entity will additionally be renamed “Azerion Team N.V.” and its ordinary shares and warrants are predicted to commence investing on Euronext Amsterdam on 2 February 2022 less than the ticker symbols “AZRN” and “AZRNW”, respectively.
This push launch is for info purposes only. The information and facts contained in this press release does not purport to be entire or comprehensive and, in unique, does not contain all the facts that should really be regarded as regarding the proposed company mix involving European FinTech IPO Corporation 1 B.V. (“EFIC1”) and Azerion Keeping B.V. (“Azerion”) pursuant to a small business mix arrangement concerning EFIC1, Azerion and Azerion’s shareholders (the “Business Combination”) and is not supposed to form the foundation of any investment selection or any other conclusion in regard of the Business enterprise Mix. No reliance might be put by any person for any function on the facts contained in this press launch or its precision, fairness or completeness.
No reliance may well be placed by any particular person for any intent on the facts contained in this push launch or its precision, fairness or completeness. EFIC1 will not be held liable for any reduction or damages of any nature ensuing from making use of, trusting or acting on facts presented. This push launch does not constitute, and should not be construed as, an give to promote or a solicitation of any offer to purchase the standard shares and/or warrants of EFIC1 and is not a suggestion to have interaction in any investment decision routines.
This press release may incorporate specified forward-wanting statements, which are primarily based on latest expectations and projections with respect to foreseeable future occasions and converse only as of the day hereof (“Forward-hunting Statements”). By their nature, Ahead-looking Statements are matter to recognized and not known hazards, uncertainties, assumptions and other elements due to the fact they relate to activities and depend on conditions that will take place in the long run irrespective of whether or not outdoors the control of EFIC1. Such variables may trigger precise results, general performance or developments to vary materially from individuals expressed or implied by this sort of Forward-wanting Statements. No assurances can be specified that the Forward-hunting Statements will be realised. No representation or warranty is created that any of these Ahead-hunting Statements will appear to go or that any believed consequence will be reached. Accordingly, no undue reliance ought to be positioned on any Forward-searching Statements.
Outcomes in about $188 million of gross money proceeds to Heliogen
Accelerates and developments Heliogen’s mission to empower a sustainable civilization with reduced-price solar electricity that makes clear power additional cost-effective than fossil fuels
Heliogen’s shares to start out investing on the NYSE tomorrow, December 31, 2021 less than ticker “HLGN”
PASADENA, Calif., December 30, 2021–(Business WIRE)–Heliogen Inc. (“Heliogen” or the “Organization”), a top service provider of AI-enabled concentrated solar electrical power, right now declared that it has done its earlier announced small business combination with Athena Technological innovation Acquisition Corp. (“ATHN”).
The transaction was unanimously authorized by ATHN’s Board of Administrators and was accepted at a distinctive conference of ATHN stockholders on December 28, 2021. Far more than 91{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of the votes cast at the particular meeting were in favor of acceptance of the enterprise mix. THN stockholders also voted to approve all other proposals presented at the special assembly.
Concurrent with the completion of its business enterprise mixture, the put together firm altered its title from “Athena Technologies Acquisition Corp.” to “Heliogen Inc.” Commencing at the open of trading on December 31, 2021, Heliogen Inc.’s Class A widespread stock and Heliogen Inc.’s warrants are envisioned to commence investing on The New York Stock Trade under the symbols “HLGN” and “HLGNW,” respectively.
Company Track record
Started in 2013, Heliogen’s modular, AI-enabled, concentrated photo voltaic ability plants have the prospective to revolutionize the vitality marketplace by assuaging intermittency problems affiliated with renewable resources of energy era. Heliogen’s technologies is designed to flatten the electricity era curve by making use of concentrated photo voltaic power with storage to raise the availability of energy to industrial buyers.
The Company’s proprietary heliostat structure and management system aid concentration of the sun’s rays and have the capability to generate temperatures at the issue of concentrate that can exceed 1,000 levels centigrade. This warmth can then be captured, stored and transformed for industrial use, electric power generation, or to deliver green hydrogen gas, with the intention of providing in the vicinity of-24 hour renewable electricity that could change fossil fuels with concentrated daylight. Heliogen is commencing the commercialization of its AI-enabled, concentrated solar electric power modules with internationally identified buyers in the industrial, mining, and energy sectors.
Considering the fact that saying the organization combination with ATHN on July 7, 2021, Heliogen has declared important professional development which includes:
Collaboration with Woodside on a breakthrough solar technology venture to decrease carbon emissions. Heliogen has been granted by Woodside a Restricted Discover To Commence (“LNTP”) to start procurement of critical machines for a 5 megawatt (MW) industrial-scale demonstration facility in California. The proposed facility will use Heliogen’s AI-enabled concentrated photo voltaic engineering.
In partnership with Bloom Electrical power, the generation of environmentally friendly hydrogen by integrating the companies’ technologies – Heliogen’s concentrated photo voltaic energy program and the Bloom Electrolyzer. The modern effective demonstration in Lancaster, California made hydrogen and showcased the many gains of combining the companies’ complementary technologies to reach small-cost eco-friendly hydrogen generation.
A new technological breakthrough in the production of small-charge renewable electrical power. In field assessments at Heliogen’s Lancaster, California facility, the Business efficiently finished the initially technological demonstration of an autonomous field servicing method, Heliogen’s Installation & Cleansing Autonomous Robotic & Utility Remedy, or ICARUS. By bringing the identical advanced technologies that allow its AI-enabled concentrated photo voltaic electricity methods to the process of setting up and keeping people units, the Company’s most up-to-date innovation is envisioned to drastically minimize the time to deploy its concentrated solar facilities, as effectively as the prices associated with design and ongoing routine maintenance.
Finalized a $39 million award from the U.S. Department of Power (“DOE”) to deploy the Company’s breakthrough renewable power know-how in California. Heliogen will use the cash gained from the DOE towards a industrial-scale facility leveraging its AI-enabled concentrated photo voltaic engineering.
Collaboration with CarbonCapture to create sustainably-run direct air seize (DAC) services. The companies intend to kick off front-stop engineering for the integration of Heliogen’s concentrated solar electricity and reliable media thermal storage techniques with CarbonCapture’s carbon removing technologies to effectively and price tag-correctly harness the industrial warmth generation abilities of Heliogen methods for use in CarbonCapture DAC programs.
Management Commentary
Bill Gross, Founder and Main Executive Officer of Heliogen, commented: “Powering the earth with renewable strength is not only critical to combating climate change – it is also the greatest economic chance in background. The money elevated in this transaction will fund our accelerated advancement and enable us to globally scale our video game changing AI-enabled concentrated photo voltaic power technologies. We consider we have the likely to remodel the world’s power output and meaningfully tackle local climate adjust, even though providing lengthy-term stakeholder value. With our proficient and devoted group, a entire world-class Board of Administrators, our potent customer and companion interactions, a developing buyer pipeline, and technology that is in large need globally, I couldn’t be additional optimistic about Heliogen’s means to provide on our mission of changing fossil fuels with concentrated daylight.”
Phyllis Newhouse, former CEO of Athena Engineering Acquisition Corp. and member of the Heliogen board of administrators, commented: “We’re very proud to reach this milestone and get started the up coming chapter in Heliogen’s advancement story. Our authentic mission at Athena was to operate with imagined leaders and know-how innovators whose groundbreaking answers will help both industry and culture. With the closing of our business enterprise blend right now, we’re going a person phase nearer to a more healthy environment where by fossil fuels are changed by cleaner resources of energy.”
Transaction Overview
The transaction resulted in roughly $188 million of income to Heliogen’s harmony sheet, comprised of equally cash from ATHN’s former belief account and a private investment decision in community fairness (PIPE). The PIPE is anchored by funds and accounts managed by Counterpoint Worldwide (Morgan Stanley), Salient Companions, Saba Funds, and the XCarb Innovation Fund of ArcelorMittal.
In addition to the proceeds from this transaction, the Corporation has beforehand disclosed the conversion to popular shares of $83.4 million in Safe and sound financing on closing of the organization combination.
Heliogen Inc. will use the proceeds to scale heliostat production, to assist investigate and advancement efforts on following generation heliostat technological innovation, to guidance international challenge development, and to fund the stability sheet.
Management
Heliogen’s current senior management crew will carry on to guide the merged business, including Invoice Gross (Chief Executive Officer Director), Christie Obiaya (Main Fiscal Officer), Steve Schell (Main Engineering Officer and Chief Engineer) and Tom Doyle (Main Business Officer).
Heliogen Inc.’s Board of Directors will be comprised of a the vast majority of unbiased administrators, particularly Phyllis Newhouse, Stacey Abrams, Paddy Padmanathan, Julie Kane, Robert Kavner and David Crane. Heliogen CEO Bill Gross will serve as the only non-independent director.
Advisors
Cohen & Enterprise Money Markets (a division of J.V.B. Fiscal Team, LLC), is serving as economical advisor to Athena. Barclays is serving as economical advisor to Heliogen. Cohen & Firm Money Marketplaces is also serving as placement agent to Athena. DLA Piper LLP (US) is serving as lawful advisor to Athena. Cooley LLP is performing as legal advisor to Heliogen.
About Heliogen
Heliogen is a renewable electricity know-how company targeted on getting rid of the have to have for fossil fuels in hefty sector and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to charge-efficiently produce around 24/7 carbon-free of charge electrical power in the sort of heat, energy, or environmentally friendly hydrogen fuel at scale – for the initial time in historical past. Heliogen was created at Idealab, the primary engineering incubator launched by Monthly bill Gross in 1996. For additional information about Heliogen, be sure to pay a visit to heliogen.com.
Forward-Seeking Statements
This press launch contains selected forward-looking statements inside the meaning of the “safe and sound harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. Statements that are not historic in character, which include the words and phrases “anticipate,” “count on,” “suggests,” “strategy,” “consider,” “intend,” “estimates,” “targets,” “tasks,” “really should,” “could,” “would,” “might,” “will,” “forecast” and other similar expressions are intended to establish forward-searching statements. Forward-on the lookout statements are predictions, projections and other statements about future events that are centered on latest expectations and assumptions and, as a result, are issue to challenges and uncertainties. A lot of elements could result in actual long term activities to vary materially from the forward-wanting statements in this press release, including but not constrained to: (i) the means to acquire or keep the listing of Heliogen’s popular stock on the New York Stock Trade next the company mixture (ii) the chance that the proposed transaction disrupts current plans and functions as a consequence of the announcement and consummation of the company mixture (iii) the outcome of any authorized proceedings that may be instituted towards Heliogen or other folks following the organization combination (iv) the ability to recognize the predicted benefits of the business enterprise mixture, which may well be afflicted by, among other matters, the capacity of Heliogen to increase and manage expansion profitably, maintain associations with shoppers, contend within just its marketplace and keep its vital personnel (v) expenses similar to the proposed small business combination (vi) variations in applicable legal guidelines or rules (vii) the result of the COVID-19 pandemic on Heliogen’s enterprise (viii) the means of Heliogen to execute its company model, together with marketplace acceptance of its planned items and solutions and obtaining ample production volumes at satisfactory quality ranges and price ranges (ix) Heliogen’s capability to raise cash (x) the likelihood that Heliogen may be adversely impacted by other financial, enterprise, and/or competitive things and (xi) foreseeable future trade and curiosity fees. The foregoing checklist of components is not exhaustive. You should meticulously contemplate the foregoing factors and the other threats and uncertainties described in the “Danger Aspects” portion of the registration statement on Sort S-4, as amended via November 19, 2021, in the definitive proxy assertion / prospectus, dated December 3, 2021 and other paperwork filed by the Firm from time to time with the SEC. These filings establish and deal with other crucial threats and uncertainties that could cause actual occasions and success to vary materially from all those contained in the ahead-on the lookout statements. Ahead-looking statements talk only as of the day they are created. Readers are cautioned not to place undue reliance on forward-looking statements, and Heliogen assumes no obligation and does not intend to update or revise these forward-looking statements, irrespective of whether as a end result of new information and facts, foreseeable future situations, or usually. No assurance is specified that the merged company, will reach its anticipations.
