Tag: capital

REYKJAVIK, ICELAND (June 18, 2026) — Alvotech (NASDAQ: ALVO; ALVO-SDB) (“Alvotech” or the “Company”), a global biotechnology company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced the closing on June 17, 2026 of its previously announced underwritten public offering (the “Offering”) of 26,066,667 of its ordinary shares at an offering price of $3.75 per share, which includes 3,400,000 ordinary shares issued pursuant to the exercise in full by the underwriters of their option to purchase additional ordinary shares in the Offering. All ordinary shares sold in the Offering were offered by Alvotech. Before deducting the underwriting discounts and commissions and offering expenses, the aggregate gross proceeds to the Company were approximately $98 million.

PRESS
RELEASE

SINGAPORE, June 17, 2026 (GLOBE NEWSWIRE) -- China's largest international entrepreneurship platform is setting its sights on Singapore, positioning the city-state as its gateway to Southeast Asia. HICOOL 2026 Global Startup Competition wrapped up its Singapore leg on June 4-5 at NUS, drawing nearly 40 teams from China, Singapore, Indonesia, Thailand, Japan, South Korea, India, France, Switzerland, Germany, and beyond. HICOOL has run its Singapore leg for two consecutive years, enabling Singapore's innovation ecosystem and China's industrial landscape to empower each other — creating a genuine two-way flow of technology and markets.

New York health technology company combines general wellness, mental health, and nutrition AI into a single personalized ecosystem - and prepares its Vital IQ™ wearable for market

Sydney, Australia, June 17, 2026 (GLOBE NEWSWIRE) -- Australian superannuation regulations require self-managed super funds to maintain a documented investment strategy that covers asset allocation, liquidity, diversification, and both income and capital objectives. The Australian Taxation Office mandates that the strategy be reviewed at least annually. For trustees building that strategy around delivering monthly income, the income side of the portfolio will be reviewed closely. The latest ATO data shows the SMSF sector now holds A$1.06 trillion in assets across 663,867 funds, with cash and term deposit allocations falling to 16.3% of holdings, a record low, as trustees look beyond traditional cash products. To learn mroe visit https://termplus.com.au/term-account-smsf/

Acquisition adds multiple immunology assets to Biogen’s portfolio, including a lead asset poised to enter Phase 1 development

TAMPA, Fla., June 17, 2026 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI) today announced the launch of a pilot project featuring digital tokenized reinsurance securities offering contractual returns that mirror the performance of specific participations by its Cayman Islands-based reinsurance subsidiary, Fortex Reinsurance SPC, Ltd. ("Fortex Re"), in HCI's catastrophe excess-of-loss reinsurance programs. HCI is launching this pilot project to explore new ways to expand investor access to catastrophe risk as an asset class.