Category: GLOBE-NEWSWIRE

Zenas BioPharma Announces Upsized $200 Million Series C Financing to Advance Mid- and Late-Stage Immunology-Focused Clinical Development Programs

Post author By admin
Post date May 7, 2024

Financing led by SR One, NEA, Norwest Venture Partners, and Delos Capital with significant participation from Enavate Sciences, Longitude Capital, and other new and existing investors

Proceeds to support ongoing mid- to late-stage clinical development programs for Company’s lead I&I product candidate, obexelimab

WALTHAM, Mass., May 07, 2024 (GLOBE NEWSWIRE) — Zenas BioPharma, a global biopharmaceutical company committed to becoming a leader in the development and commercialization of inflammation and immunology-directed therapies, today announced the closing of an upsized $200 million Series C preferred stock financing. The financing round was led by SR One along with NEA, Norwest Venture Partners, and Delos Capital with significant participation from Enavate Sciences and Longitude Capital. Additional new investors, the Federated Hermes Kaufmann Funds, and Arrowmark Partners, along with existing investors, Fairmount, Wellington Management, Rock Springs Capital, Pivotal bioVenture Partners, Vivo Capital, Quan Venture Fund, and Superstring Capital participated in the financing. In conjunction with the financing, Jake Nunn, venture partner at SR One, and Tim Xiao, Partner at Delos Capital, joined Zenas’ Board of Directors.

Proceeds will support ongoing mid- to late-stage clinical development programs for the Company’s lead product candidate, obexelimab, a bifunctional monoclonal antibody designed to bind both CD19 and FcγRIIb to inhibit the activity of B cells, plasmablasts, and CD19-expressing plasma cells.

The obexelimab clinical programs include an ongoing Phase 3 registration-directed trial in IgG4-Related Disease, two planned Phase 2 randomized controlled trials in Multiple Sclerosis and Systemic Lupus Erythematosus, and an ongoing open label Phase 2 trial in Warm Autoimmune Hemolytic Anemia.

“We are pleased and appreciative of the support we have received from this group of tremendous life sciences investors as we advance the ongoing obexelimab development program across multiple auto-immune diseases,” said Lonnie Moulder, Founder and Chief Executive Officer of Zenas BioPharma. “Their commitment to Zenas is a testament to our vision to be a global leader in bringing innovative immunology-based therapies to patients around the world. This financing enables us to complete multiple potentially value driving clinical programs.”

“We are excited to support Zenas’ continued progress toward its goal of becoming a global leader in innovative immunology-based therapies, and we are confident in the capabilities of this exceptional team to advance the comprehensive development program for obexelimab across multiple potential indications,” said Jake Nunn, venture partner at SR One. “At SR One, we invest in companies like Zenas whose science has the potential to rewrite the medical textbooks and meaningfully transform patient care. We are proud to serve as lead investor alongside an exceptional syndicate and look forward to supporting Zenas in advancing a pipeline of innovative new therapeutic approaches for patients living with inflammatory and immune-mediated diseases.”

About Obexelimab

Obexelimab is a bifunctional monoclonal antibody designed to bind both CD19 and FcγRIIb to inhibit B-lineage cell activity. Obexelimab has demonstrated clinical activity and was well-tolerated in five clinical trials, including in several autoimmune diseases, in which 198 subjects were dosed. In these clinical studies, obexelimab demonstrated inhibition of B cell function without depleting the cells, resulting in encouraging treatment effect in patients with various autoimmune diseases. Zenas acquired exclusive worldwide rights to obexelimab from Xencor, Inc. Obexelimab is currently being studied in a global Phase 3 clinical study in patients with IgG4-Related Disease and a global Phase 2/3 study in patients with Warm Autoimmune Hemolytic Anemia (wAIHA). Clinical development of obexelimab for Multiple Sclerosis and Systemic Lupus Erythematosus is under way.

More information on the Phase 3 (INDIGO) study for the treatment of IgG4-Related Disease is available at clinicaltrials.gov: NCT05662241. More information on the Phase 2/3 (SApHiAre) study for the treatment of wAIHA is available at clinicaltrials.gov: NCT05786573.

About Zenas BioPharma

Zenas BioPharma is a clinical-stage global biopharmaceutical company committed to becoming a leader in the development and commercialization of inflammation and immunology (I&I) directed therapies for patients in need around the world. With clinical development capabilities and operations globally, Zenas is advancing a portfolio of potentially differentiated autoimmune therapeutics in areas of high unmet medical need. Zenas’ experienced leadership team and network of business partners drive operational excellence to deliver potentially transformative therapies to improve the lives of those facing autoimmune and rare diseases. For more information about Zenas BioPharma, please visit www.zenasbio.com and follow us on X at @ZenasBioPharma and LinkedIn.

About SR One

SR One is a transatlantic biotechnology venture capital firm that collaborates with entrepreneurs and investment partners in an effort to build elite biotechnology companies. The Company’s mission is to translate innovative technologies and scientific discoveries into next-generation medicines with the potential to benefit patients with significant unmet medical needs. SR One leadership has worked together to build and invest in biotechnology companies for more than a decade. Working alongside the investment team, SR One’s venture partners bring deep operational experience to help company creation initiatives and support portfolio companies with financing and corporate strategies. SR One has offices in Redwood City, CA, and Philadelphia, PA, in the US and London in the UK. For more information, please visit www.srone.com.

About NEA

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has over $25 billion in assets under management as of December 31, 2023, and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of investing includes more than 270 portfolio company IPOs and more than 450 mergers and acquisitions. For more information, please visit www.nea.com.

About Norwest Venture Partners

Norwest Venture Partners is a global venture and growth equity investment firm managing more than $15.5 billion in capital. Since its inception, Norwest has invested in more than 700 companies and currently partners with more than 230 companies in its venture and growth equity portfolio. The firm invests in early- to late-stage businesses across key sectors with a focus on enterprise, consumer and healthcare. The Norwest team offers a deep network of connections, extensive operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Menlo Park and San Francisco, Calif.; Mumbai, India; and Tel Aviv, Israel. For more information, please visit www.nvp.com.

About Delos Capital

Delos Capital is a life sciences investment firm that partners with extraordinary teams pursuing breakthrough medicines that meaningfully improve the lives of patients. We are a collaborative, global team of seasoned biotech investors, company-builders, operators, and industry analysts, and we aim to serve the companies into which we invest by bringing both capital and substantive biotech expertise. We have designed, built, financed, and supported both novel platforms and approved medicines that strengthen hundreds of millions of lives across the world. Our global team is spread across offices in Cambridge, MA and in East Asia, allowing us to blend deep experiences operating at the epicenter of global biotech venture with proprietary insights into innovations from emerging biotech clusters. Delos Capital currently manages three funds, with ~US$600 million in total capital under management. For more information, please visit www.deloscapital.com.

Investor and Media Contact:
Argot Partners
Zenas@argotpartners.com

GlobeNewswire Distribution ID 9111837

Africa GLOBE-NEWSWIRE MENA Pakistan Press Releases South Africa

The World’s Wealthiest Cities in 2024

Post author By admin
Post date May 7, 2024

LONDON, May 07, 2024 (GLOBE NEWSWIRE) — When it comes to the number of resident millionaires with liquid investable wealth of USD 1 million or more, the US leads the pack, with 11 cities in the Top 50, including New York City, which holds firmly onto 1^st place in the 2024 World’s Wealthiest Cities Report, published annually by international wealth migration specialists Henley & Partners. The total wealth held by the Big Apple’s residents now exceeds USD 3 trillion — higher than the total wealth held in most major G20 countries — and a staggering 349,500 millionaires, 744 centi-millionaires and 60 billionaires live in the city.

Hot on its heels in 2^nd place is Northern California’s Bay Area (encompassing the city of San Francisco and Silicon Valley), which has increased its millionaire population by a whopping 82% over the past decade, and is now home to 305,700 millionaires, 675 centi-millionaires, and 68 billionaires.

Tokyo, which led the pack a decade ago, has suffered a 5% decline in its resident HNWI population, and now sits in 3^rd place with just 298,300 millionaires. Singapore climbs two places to 4^th on the global ranking following an impressive 64% increase in millionaires over the last ten years — approximately 3,400 HNWIs moved there in 2023 alone and the city state now boasts 244,800 resident millionaires, 336 centi-millionaires, and 30 billionaires.

London’s falling

London, the wealthiest city in the world for many years, continues to tumble down the ranking, and now sits in 5^th place with just 227,000 millionaires, 370 centi-millionaires, and 35 billionaires — a decline of 10% over the past decade. By contrast, Los Angeles, home to 212,100 millionaires, 496 centi-millionaires, and 43 billionaires, has jumped up two places over the 10-year period to 6^th place, enjoying a notable 45% growth in its wealthy population. Paris, the wealthiest city in mainland Europe, retains its 7^th place with 165,000 resident millionaires, while Sydney ascends to 8^th position with 147,000 HNWIs after exceptionally strong wealth growth over the past 20 years.

Dr. Juerg Steffen, CEO of Henley & Partners, says a key factor driving growth in the world’s wealthiest cities has been the strong performance of financial markets. “The S&P 500’s 24% gain last year, along with the Nasdaq’s 43% surge and Bitcoin’s staggering 155% rally, has buoyed the fortunes of wealthy investors. Additionally, rapid advancements in artificial intelligence, robotics, and blockchain technology have provided new opportunities for wealth creation and accumulation. Yet, even as new opportunities emerge, old risks persist. The war in Ukraine, which has seen Moscow’s millionaire population plummet by 24% to 30,300, is a stark reminder of the fragility of wealth in an uncertain and unstable world.”

China’s millionaire boom

China has established a notable presence on the latest Top 50 Wealthiest Cities ranking, with 5 cities in mainland China making the list, and 7 cities when counting Hong Kong (with 143,400 millionaires) and Taipei (30,200). Beijing (125,600 millionaires) makes it into the Top 10 for the first time following a 90% growth in its millionaire population over the past decade, and although Hong Kong has fallen four places to 9^th, Shanghai (123,400), Shenzhen (50,300), Guangzhou (24,500), and Hangzhou (31,600) have all recorded significant increases in their millionaire populations.

Andrew Amoils, Head of Research at New World Wealth, says Shenzhen is the world’s fastest-growing city for the wealthy, with its millionaire population exploding by 140% in the last ten years. “Hangzhou has also experienced a massive 125% increase and Guangzhou’s millionaires have grown by 110% over the past decade. When it comes to wealth growth potential over the coming decade, cities to watch include Bengaluru (India), Scottsdale (USA), and Ho Chi Minh City (Vietnam). All three have enjoyed exceptional growth rates of over 100% in their resident millionaire populations over the past ten years.”

Turning to the Middle East, Dubai easily takes the crown as the wealthiest city in the region, with impressive growth of 78% in its millionaire population over the past 10 years. Currently ranked as the 21^st-wealthiest city in the world, the millionaire magnate is highly likely to break into the Top 20 soon, and although the UAE’s oil-rich capital Abu Dhabi hasn’t yet cracked a spot in the Top 50, growth rates of over 75% make it a likely contender in future.

While no African or South American cities make it into the Top 50, the report identifies several rising stars including Nairobi (4,400 millionaires) and Cape Town (7,400), both of whom have enjoyed an increase in resident HNWIs of 25% and 20%, respectively, over the past decade.

Most expensive cities in the world

Monaco, arguably the world’s top safe-haven for the super-rich, where the average wealth exceeds USD 20 million, is also the top-ranked city on a wealth per capita basis. Over 40% of its residents are millionaires — the highest ratio of any city globally. It is also top of the World’s Most Expensive Cities list, with apartment prices regularly exceeding USD 35,000 per m².

New York City ranks 2^nd with the average price of prime real estate being USD 28,400 per m², followed by London (USD 26,500 per m²), Hong Kong (USD 25,800 per m²), Saint-Jean-Cap-Ferrat in France (USD 25,000 per m²), and Sydney (USD 22,700 per m²).

Read the full press release

Sarah Nicklin

Head of PR

sarah.nicklin@henleyglobal.com

Mobile: +27 72 464 8965

GlobeNewswire Distribution ID 1000948899

GLOBE-NEWSWIRE MENA Press Releases

Exodus Movement, Inc. Announces Uplist to NYSE American Exchange

Post author By admin
Post date May 6, 2024

OMAHA, Neb., May 06, 2024 (GLOBE NEWSWIRE) — Exodus Movement, Inc. (OTCQX: EXOD) (“Exodus” or the “Company”), the leading self-custodial cryptocurrency software platform, today announced that its common stock has been approved for listing on the NYSE American stock exchange. The Company’s Class A common stock, par value $0.000001 (the “Common Stock”), will begin trading on the NYSE American under its current symbol, “EXOD,” at the open of trading on May 9, 2024. The Common Stock will continue to trade on the OTCQX until the close of market on May 8, 2024. Current stockholders of the Company do not need to take any action prior to the Company’s expected listing on the NYSE American.

“Uplisting to the NYSE American marks a significant milestone in our journey. Trading on the NYSE American will allow Exodus to create greater long-term value for our stockholders by increasing our presence within the investor community and, in turn, increase liquidity,” said JP Richardson, CEO and co-founder of Exodus. “We believe the uplisting will broaden the awareness of Exodus.”

About Exodus

Exodus is on a mission to help half the world exit the traditional finance system. Founded in 2015, Exodus is a multi-asset software wallet that removes the geek requirement and keeps design a priority to make cryptocurrency and digital assets easy for everyone. Available for desktop, mobile and browser, Exodus allows users to secure, manage and swap cryptocurrencies like Bitcoin, Ethereum, and more across an industry-leading 10,000+ asset pairs from a beautiful, easy-to-use wallet. The self-custodial functionality is encrypted locally on users’ own devices, ensuring privacy, security and complete control over their wealth. For more info visit exodus.com.

Investor Contact
investors@exodus.com

Forward-Looking Statements

This press release contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, quotations from management regarding confidence in our products, services, business trajectory and plans, and certain business metrics. These statements involve risks, uncertainties, assumptions and other factors that are difficult to predict and may cause actual results or performance to be materially and adversely different.

Factors that might cause such a difference include, but are not limited to: expectations regarding future customer adoption of Exodus for dApps, DeFi and NFTs compared to its competitors; the ongoing conflict in Ukraine, the impact of sanctions or other restrictive actions, by the United States and other countries, and the potential response by Russia thereto; difficulties predicting user behavior and changes in user spending habits as a result of, among other things, prevailing economic conditions, levels of employment, salaries and wages, inflation and consumer confidence; unexpected or rapid changes in the growth or decline of our domestic and/or international markets; increasing competition from existing and new competitors; rapidly evolving and groundbreaking advances that fundamentally alter the digital asset and cryptocurrency industry; continued compliance with regulatory requirements; volatility in the price of cryptocurrencies, such as Bitcoin, and other digital assets; the possibility that the development and release of new products or enhancements to existing products do not proceed in accordance with the anticipated timeline or may themselves contain bugs or errors requiring remediation and that the market for the sale of these new or enhanced products may not develop as expected; the risks relating to our ability to sustain or increase profitability or revenue growth in future periods (or minimize declines) while controlling expenses; the compromise of user data for any reason; foreign operational, political and other risks relating to our operations; unexpected delays encountered during the audit process; and the loss of key personnel, labor shortages or work stoppages.

More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis of Financial Condition and Results of Operations” sections of our Form 10 Amendment No. 1 for the year ended December 31, 2023, as filed on May 1, 2024. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.

Source: Exodus Movement, Inc.

GlobeNewswire Distribution ID 9111717

GLOBE-NEWSWIRE MENA Pakistan Press Releases

Apparel Group kicked off 2024 with a robust expansion, unveiling the inauguration of 47 new stores across the Middle East and India in the first quarter

Post author By admin
Post date May 6, 2024

Apparel Group kicked off 2024 with a robust expansion, unveiling the inauguration of 47 new stores across the Middle East and India in the first quarter

Sima Ganwani Ved, Apparel Group Founder and Chairwoman emphasized on ‘Diversity, Equity and Inclusion’ and her unwavering dedication to fostering inclusive workplaces and promoting gender equality within the retail sector across the region.

Sima Ganwani Ved, Apparel Group Founder and Chairwoman emphasized on ‘Diversity, Equity and Inclusion’ and her unwavering dedication to fostering inclusive workplaces and promoting gender equality within the retail sector across the region.

DUBAI, United Arab Emirates, May 06, 2024 (GLOBE NEWSWIRE) — Apparel Group, a global leader in fashion and lifestyle retail, proudly announces a series of remarkable achievements in Q1 2024, solidifying its position as a leader in the industry.

January:

Apparel Group commenced the year with the prestigious 5-Star Award from the European Foundation for Quality Management (EFQM), recognizing its commitment to business excellence, strategic foresight, and fostering a culture of innovation and quality in the dynamic retail sector.

Additionally, the World Woman Foundation proudly announced Sima Ganwani Ved, Founder and Chairwoman of the Apparel Group, as a distinguished speaker for the World Woman Davos Agenda, held during the World Economic Forum week on January 18 in Davos. Sima Ganwani Ved’s participation highlights Apparel Group’s dedication to championing women empowerment and diversity on a global stage.

The month also witnessed the launch of Bliss Bites, a revolutionary gut-healthy food brand and café introduced by Apparel Group, catering to the growing demand for wellness-focused products among consumers.

February:

In February, Apparel Group was announced as Headline Partner for RLI MENA Awards and Lifestyle Partner for RLI MENA Connect in Riyadh, KSA. Additionally, Apparel Group was honored as the MENA Retail Partner of the Year at the prestigious RLI MENA Awards 2024, highlighting its continued success and influence in the region’s retail landscape.

Moreover, Apparel Group made significant strides in its retail partnerships and industry recognition. The company was unveiled as the Headline Partner for the 10th Retail Leaders Circle MENA Summit 2024 in Riyadh, KSA, reaffirming its commitment to driving innovation and excellence in the retail sector.

March:

March marked another pivotal moment for Apparel Group as it celebrated the grand opening of the inaugural Nysaa store in the GCC region, a joint venture setup with Nykaa, India’s largest omni-channel beauty retailer. This collaboration blends Apparel Group’s retail prowess with Nykaa’s expertise, offering consumers a world-class shopping experience in Dubai.

Additionally, Apparel Group expanded its luxury portfolio with the grand launch of Forest Essentials at Dubai Hills Mall. The event showcased an exquisite décor, immersing guests in the world of Luxurious Ayurveda. Vibrant-colored blooms and striking product displays highlighted the natural ingredients central to Forest Essentials’ ethos.

In a strategic expansion, Apparel Group extended its partnership with Crocs, bringing this iconic brand under its wing in Kuwait. This move broadens the company’s presence in the GCC, where it already operates 88 Crocs stores.

Complementing its expansion efforts, Apparel Group collaborated with Dubai Holding for the ‘Gift It Forward’ initiative, aiming to support over 8,500 Dubai residents during Ramadan. This initiative underscores the company’s dedication to social responsibility and community engagement.

The month also saw the return of the highly anticipated Great Online Sale by Apparel Group, offering exclusive Eid shopping deals with discounts of up to 80%. This sale further reinforced the company’s reputation as a leader in retail innovation.

April:

As the momentum continued into April, Apparel Group intensified its expansion efforts with the unveiling of 47 new stores across the Middle East and India in Q1 2024. These new openings exemplify the company’s commitment to providing exceptional shopping experiences and meeting the evolving needs of its diverse customer base. This expansion included the launch of Qatar’s first Forever New store, the fourth in the GCC, as part of a joint venture expansion plan to open 40 locations.

Moreover, Apparel Group proudly reaffirmed its commitment to excellence by becoming the Platinum Partner for The Retail Summit 2024, held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The partnership underscores Apparel Group’s dedication to driving transformative discussions and initiatives in the global retail arena.

The company also concluded its role as the Platinum Partner at The Retail Summit 2024, hosted at the renowned Atlantis, The Palm. The summit, held on April 23rd and 24th, brought together prominent figures in global retail, exchanging invaluable insights and strategies pivotal for the evolution of the retail sector. Neeraj Teckchandani, CEO of Apparel Group, participated in a panel discussing the strategic importance of market expansion in the GCC and the need for innovative approaches to redefine omnichannel experiences. Sima Ganwani Ved, Founder and Chairwoman, also honored the summit with her presence in a panel discussion on the vital topic of ‘Diversity, Equity and Inclusion – Inspiring the Next Generation of Retail Talent.’

Commenting on these achievements, Neeraj Teckchandani, CEO of Apparel Group, stated, “We are thrilled to announce our continued growth and success in Q1 2024. These milestones reflect our unwavering dedication to excellence, innovation, and making a positive impact in the communities we serve. As we look ahead, we remain committed to pushing boundaries, fostering partnerships, and delivering unparalleled value to our customers.”

For more information about Apparel Group and its latest initiatives, please visit the official website at https://apparelglobal.com/en/

About Apparel Group LLC

Apparel Group is a global fashion and lifestyle retail conglomerate residing at the crossroads of the modern economy – Dubai, United Arab Emirates. Today, Apparel Group caters to thousands of eager shoppers through its 2200+ retail stores and 85+ brands on all platforms while employing over 22,000+ multicultural staff.

Apparel Group has carved its strong presence in the GCC and expanded thriving gateways to market in India, South Africa, Singapore, Indonesia, Thailand, Malaysia, and Egypt. Additionally, clear strategies are in place to enter emerging markets such as Hungary and Philippines.

Apparel Group has created an omni-channel experience, operating brands originating from the USA, Canada, Europe, Australia, and Asia. The brands include leading names in fashion, footwear, and lifestyles such as Tommy Hilfiger, Charles & Keith, Skechers, Aldo, Nine West, Aeropostale, Jamie’s Italian, Tim Hortons, Cold Stone Creamery, Inglot, and Rituals.

Apparel Group owes its amazing growth to the vision and guidance of its dynamic Founder and Chairwoman, Mrs. Sima Ganwani Ved, who has taken the company from strength to strength since its inception in the last two decades.

https://apparelglobal.com/en/

PR@apparelglobal.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5c6ed637-e72f-4bc7-af09-63a84fe85c57

GlobeNewswire Distribution ID 9110933

Arabic GLOBE-NEWSWIRE MENA Press Releases

‫بدأت مجموعة أباريل عام 2024 بسلسلة توسعات كبرى من خلال افتتاح 47 متجراً في الشرق الأوسط والهند خلال الربع الأول

Post author By admin
Post date May 6, 2024

بدأت مجموعة أباريل عام 2024 بسلسلة توسعات كبرى من خلال افتتاح 47 متجراً في الشرق الأوسط والهند خلال الربع الأول

· أكدت سيما جانواني فيد، مؤسسة ورئيسة مجلس إدارة مجموعة أباريل، على موضوع “التنوع، والمساواة، والشمولية” وعلى التزامها الراسخ نحو تعزيز بيئة عمل شمولية وتحقيق المساواة بين الجنسين في قطاع التجزئة في سائر المنطقة.

أكدت سيما جانواني فيد، مؤسسة ورئيسة مجلس إدارة مجموعة أباريل، على موضوع “التنوع، والمساواة، والشمولية” وعلى التزامها الراسخ نحو تعزيز بيئة عمل شمولية وتحقيق المساواة بين الجنسين في قطاع التجزئة في سائر المنطقة.

دبي، الإمارات العربية المتحدة, May 06, 2024 (GLOBE NEWSWIRE) —

مجموعة أباريل، الشركة الرائدة عالمياً في مجالات تجزئة الموضة وأسلوب الحياة، تعلن بكل فخر عن سلسلة من الإنجازات المحورية في الربع الأول من عام 2024 لتعزز مكانتها في ريادة المجال.

يناير:

حيث بدأت مجموعة أباريل هذا العام بحصولها على اعتماد “5 نجوم” من المؤسسة الأوروبية لإدارة الجودة EFQM، والتي تعترف بالتزامها بالتميز في مجال الأعمال، والتخطيط الاستراتيجي، وترسيخ ثقافة مبنية على الابتكار والجودة في قطاع التجزئة التفاعلي.

بالإضافة لذلك، قامت مؤسسة المرأة العالمية بالإعلان عن السيدة سيما فيد، مؤسسة ورئيسة مجلس إدارة مجموعة أباريل، كمتحدثة في أجندة دافوس للمرأة العالمية، والذي انعقد خلال أسبوع المنتدى الاقتصادي العالمي في دافوس بتاريخ 18 يناير. حيث برهنت مشاركة سيما فيد في هذه القمة على التزام مجموعة أباريل بدعم تمكين المرأة والتنوع في المنصات الدولية.

وفي الشهر ذاته، تم إطلاق بليس بايتس، مطعم وكافيه صحي بإدارة مجموعة أباريل، ويتميز بتلبية الطلب المتزايد للمنتجات الصحية لدى المستهلكين.

فبراير:

في فبراير، تم الإعلان عن مجموعة أباريل كشريك رئيسي لحفل جوائز ” RLI MENA ” وشريك أسلوب الحياة في منتدى ” RLI Connect MENA ” المقام في الرياض، المملكة العربية السعودية. كما وحصلت مجموعة أباريل على جائزة شريك قطاع التجزئة للعام خلال حفل توزيع جوائز “RLI MENA 2024 ” تأكيدا على نجاحاتها المتواصلة وتأثيرها على عالم التجزئة في المنطقة.

علاوة على ذلك، قطعت مجموعة أباريل أشواطاً كبيرة في مجالات تكوين تحالفات التجزئة والحصول على الجوائز في هذا المجال. وتم الإعلان عن مجموعة أباريل كشريك رئيسي في القمة العاشرة لمنتدى دائرة قادة التجزئة في الشرق الأوسط وشمال أفريقيا 2024 في الرياض، المملكة العربية السعودية مما يرسخ التزامها نحو الابتكار والتميز في قطاع التجزئة.

مارس:

شهد شهر مارس لحظة محورية في مسيرة مجموعة أباريل حيث احتفلت بافتتاح أول متجر رسمي لعلامة نساء في منطقة الخليج، وهي مشروع مشترك مع شركة” Nykaa “، المنصة التجارية متعددة القنوات الأكبر في الهند. هذا التحالف يجمع بين التميز التجاري لمجموعة أباريل في السوق الخليجي والخبرات الكبيرة لشركة”Nykaa” في عالم مستحضرات التجميل من أجل تقديم تجربة تسوق مثالية وعالمية للمتسوقين في دبي.

كما تم الافتتاح الرسمي لمتجر فورست اسينشيالز في دبي هيلز مول ليشكل إضافة مهمة للمجموعة الواسعة من العلامات التجارية الفاخرة التي تديرها مجموعة أباريل.كما تخلل هذا الافتتاح أجواء في غاية الروعة بديكور ساحر، أدى إلى تمتع الضيوف بعالم الأيورفيدا. كما تم استعراض مفعم بالألوان ومنتجات ساحرة بمكونات الطبيعية التي تمثل جوهر فورست اسينشيالز.

وضمن توسع استراتيجي، قامت مجموعة أباريل بتمديد شراكتها مع كروكس من خلال ضم العلامة في الكويت. كما تعزز هذه الخطوة بصمة الشركة في دول مجلس التعاون الخليجي حيث تدير المجموعة على 88 متجراً لعلامة كروكس.

واستكمالاً لجهودها التوسعية، تعاونت مجموعة أباريل مع دبي القابضة في مبادرة ” هبة في محلها ” التي تهدف لدعم أكثر من 8500 مقيماً في دبي خلال شهر رمضان. حيث أكدت هذه المبادرة على التزام المجموعة بالمسؤولية المجتمعية والتفاعل الاجتماعي.

وشهد هذا الشهر عودة التخفيضات الإلكترونية الكبرى المرتقبة من مجموعة أباريل من جديد بخصومات حصرية للعيد تصل إلى 80% خلال هذا الشهر. حيث أكدت هذه التخفيضات على سعي وجهود الشركة نحو الابتكار في مجال التجزئة.

أبريل:

استمراراً في هذه الوتيرة المتسارعة، ضاعفت مجموعة أباريل جهودها التوسعية من خلال افتتاح 47 متجراً جديداً في الشرق الأوسط والهند في الربع الأول من عام 2024. حيث تعكس هذه الافتتاحات الجديدة التزام الشركة بتوفير تجارب تسوق مميزة وتلبية متطلبات القاعدة الكبيرة والمتنوعة للمتسوقين. كما شمل هذا التوسع افتتاح المتجر الأول لعلامة فورايفر نيو في قطر، الرابع في دول مجلس التعاون الخليجي، ضمن مشروع مشترك لافتتاح 40 متجراً.

بالإضافة لذلك، أكدت المجموعة التزامها بالتميز بدورها كشريك بلاتيني لقمة التجزئة 2024 المقامة تحت رعاية صاحب السمو الشيخ محمد بن راشد آل مكتوم، نائب رئيس الدولة، رئيس مجلس الوزراء، حاكم دبي. ودلت هذه الشراكة على جهود مجموعة أباريل نحو خوض النقاشات التفاعلية والمبادرات في مجال التجزئة العالمي.

كما اختتمت الشركة مهامها كشريك استراتيجي لقمة التجزئة 2024 التي أقيمت في فندق أتلانتس الأيقوني ، نخلة دبي. حيث جمعت هذه القمة، التي أقيمت خلال 23 و 24 أبريل، خبراء مجال الذين تبادلوا الآراء القيمة والاستراتيجيات المحورية حول تطوير قطاع التجزئة. حيث شارك نيراج تيكشينداني، الرئيس التنفيذي لدى مجموعة أباريل، في جلسة حوارية حول الأهمية الاستراتيجية للتوسع في السوق الخليجي والحاجة للأساليب المبتكرة من أجل تغيير مفاهيم التجارب متعددة القنوات. شهدت القمة حضور السيدة سيما جانواني فيد، مؤسسة ورئيسة مجلس إدارة مجموعة أباريل، ضمن أبرز المتحدثين في خلال اليوم الثاني. حيث شاركت خبرتها الواسعة من خلال نقاشات حول الموضوع المحوري “التنوع، والمساواة، والشمولية – إلهام الجيل القادم من مواهب التجزئة“.

وعلق السيد نيراج تيكشينداني، الرئيس التنفيذي لدى مجموعة أباريل، على هذه الإنجازات بقوله”يسرنا الإعلان عن نمونا المتواصل ونجاحاتنا في الربع الأول من عام 2024. هذه الإنجازات تعكس التزامنا المستمر بالتميز، والابتكار، والتأثير الإيجابي على المجتمعات التي نخدمها. وضمن رؤيتنا المستقبلية فنحن نسعى لتخطي التوقعات، وبناء التحالفات، وتقديم القيمة الاستثنائية للمتسوقين.

للمزيد من المعلومات حول مجموعة أباريل ومبادراتها، يرجى زيارة الموقع الرسميhttps://apparelglobal.com/ar/

لمحة عن مجموعة أباريل

تقف مجموعة أباريل، أكبر مشغل في مجالات الأزياء وأسلوب الحياة، على مفترق طرق الاقتصاد الحديث في مدينة دبي، بدولة الإمارات العربية المتحدة. واليوم، أضحت المجموعة قادرة على تلبية احتياجات ملايين المتسوقين عبر أكثر من 2,200 متجراً وأكثر من 85 علامة تجارية وبتعيين 22,000 موظف من مختلف الثقافات.
حققت المجموعة حضوراً قوياً وراسخاً في دول مجلس التعاون الخليجي كما أنها نجحت في توسيع مجالات تسويقها في الهند وجنوب أفريقيا وسنغافورة واندونيسيا وتايلند وماليزيا ومصر. وإضافة إلى ذلك، وضعت المجموعة استراتيجيات واضحة للدخول إلى العديد من الأسواق الناشئة مثل هنغاريا والفليبين.
تدير مجموعة أباريل العديد من العلامات التجارية العالمية الشهيرة، التي انطلقت من الولايات المتحدة الأمريكية وكندا وأوروبا وأستراليا وآسيا، وتضم الكثير من الأسماء الرائدة في عالم الأزياء، الأحذية ونمط الحياة على غرار تومي هيلفيغر، تشارلز آند كيث، سكتشرز، ألدو، ناين وست، إروبوستال، وغيرها من الأسماء بالإضافة لعلامات تجارية رئيسية مثل تيم هورتنز، جيميز اتاليان، كولدستون كريمري، إنجلوت، ريتوالز وذلك على سبيل المثال لا الحصر.
يذكر بأن الفضل في نجاحات مجموعة أباريل ونموها المذهل يعود لرؤية وتوجيهات مؤسستها ورئيسة مجلس الإدارة سيما جنواني فيد، التي انطلقت بالشركة من القوة إلى الأقوى منذ نشأتها وعلى امتداد عقدين من الزمن.
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GLOBE-NEWSWIRE MENA Pakistan Press Releases

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages SSR Mining Inc. Investors to Secure Counsel Before Important May 17 Deadline in Securities Class Action First Filed by the Firm – SSRM

Post author By admin
Post date May 3, 2024

NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of SSR Mining Inc. (NASDAQ: SSRM) between February 23, 2022 and February 27, 2024, both dates inclusive (the “Class Period”), of the important May 17, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased SSR Mining securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the SSR Mining class action, go to https://rosenlegal.com/submit-form/?case_id=23047 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 17, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) defendants materially overstated SSR Mining’s commitment to safety and the efficacy of its safety measures; (2) SSR Mining engaged in unsafe mining practices which were reasonably likely to result in a mining disaster; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the SSR Mining class action, go to https://rosenlegal.com/submit-form/?case_id=23047 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40^th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9111010

GLOBE-NEWSWIRE MENA Pakistan Press Releases

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Sonder Holdings Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – SOND

Post author By admin
Post date May 3, 2024

NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Sonder Holdings Inc. (NASDAQ: SOND) between March 16, 2023 and March 15, 2024, both dates inclusive (the “Class Period”), of the important June 10, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Sonder securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Sonder class action, go to https://rosenlegal.com/submit-form/?case_id=23643 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 10, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Sonder failed to disclose all issues with its internal controls; (2) Sonder’s financial statements for the 2022 Annual Report and the interim periods ended March 31, June 30, and September 30, 2023 contained material errors in the way Sonder accounted for the valuation and impairment of operating lease right-of-use (“ROU”) assets; (3) as a result, Sonder would need to restate its previously issued financial statements for those periods; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Sonder class action, go to https://rosenlegal.com/submit-form/?case_id=23643 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40^thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9111005

GLOBE-NEWSWIRE MENA Pakistan Press Releases

ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Rivian Automotive, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – RIVN

Post author By admin
Post date May 3, 2024

NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Rivian Automotive, Inc. (NASDAQ: RIVN) between March 1, 2023 and February 21, 2024, both dates inclusive (the “Class Period”), of the important June 18, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Rivian securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Rivian class action, go to https://rosenlegal.com/submit-form/?case_id=3880 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 18, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Rivian had overstated demand for its products, as well as its ability to withstand negative, near-term macroeconomic impacts; (2) accordingly, Rivian’s business was experiencing reduced demand and increased customer cancellations as a result of, inter alia, high interest rates; (3) as a result, Rivian’s order bank had significantly deteriorated; (4) all of the foregoing was likely to, and did, negatively impact Rivian’s anticipated earnings and vehicle production targets for 2024; and (5) as a result, Rivian’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Rivian class action, go to https://rosenlegal.com/submit-form/?case_id=3880 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9110992

GLOBE-NEWSWIRE MENA Pakistan Press Releases

ROSEN, THE FIRST FILING FIRM, Encourages Sharecare, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – SHCR

Post author By admin
Post date May 3, 2024

NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Sharecare Inc. (NASDAQ: SHCR) between May 10, 2023 and March 28, 2024, both dates inclusive (the “Class Period”), of the important June 18, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Sharecare securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Sharecare class action, go to https://rosenlegal.com/submit-form/?case_id=24143 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 18, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Sharecare lacked adequate internal controls; and (2) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Sharecare class action, go to https://rosenlegal.com/submit-form/?case_id=24143 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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GlobeNewswire Distribution ID 9110991

GLOBE-NEWSWIRE MENA Pakistan Press Releases

ROSEN, LEADING INVESTOR COUNSEL, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLUG

Post author By admin
Post date May 3, 2024

NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Plug Power Inc. (NASDAQ: PLUG) between May 9, 2023 and January 16, 2024, both dates inclusive (the “Class Period”), of the important May 21, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Plug Power securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 21, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Plug Power overstated its ability and/or efforts to mitigate the negative impacts that, inter alia, supply chain constraints and material shortages could have or were having on Plug Power’s hydrogen business, as well as the sufficiency of its cash and capital to fund its operations; (2) Plug Power continued to experience delays related to its green hydrogen production facility build-out plans, as well as in securing external funding sources to finance its growth plans; (3) Plug Power downplayed the true scope and severity of all the foregoing when these issues were eventually revealed; (4) as a result of all the foregoing, Plug Power also overstated the near-term prospects of its hydrogen production operations, as well as the viability of expanding those operations; and (5) as a result, Plug Power’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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GlobeNewswire Distribution ID 9110989