Worthington Steel - WS STOCK NEWS

Alvotech and Oaktree Acquisition Corp. II announce a definitive merger agreement, creating a combined entity valued at approximately $2.25 billion. This transaction is projected to provide over $450 million in gross proceeds to Alvotech, supporting its mission to deliver affordable biosimilar medicines globally. Alvotech's pipeline includes seven biosimilar candidates, with anticipated sales exceeding $80 billion. The merger is unanimously approved and expected to finalize in the first half of 2022.

ION Acquisition Corp 2 Ltd. (NYSE: IACB.U, IACB, IACB WS) announced a special meeting on November 29, 2021, to approve its business combination with Innovid, Inc., a leading CTV advertising platform. The U.S. SEC has declared effective ION's Registration Statement on Form S-4 related to this merger. The closing of the business combination is contingent upon shareholder approval and standard closing conditions. The merger aims to enhance Innovid's advertising solutions and market position.

Vicarious Surgical Inc. (NYSE: RBOT, RBOT WS) announced its participation in a fireside chat at the Piper Sandler 33rd Annual Virtual Healthcare Conference. The presentation will be accessible from November 22, 2021, at 10:00 a.m. Eastern Time on their website. Founded in 2014, Vicarious Surgical is innovating surgical procedures using advanced robotics and virtual reality technology, aiming to enhance efficiency and patient outcomes. Their technology is recognized with Breakthrough Device Designation by the FDA, marking a significant milestone in surgical robotics.

Vicarious Surgical Inc. (NYSE: RBOT, RBOT WS) announced its third quarter 2021 financial results, marking its entry into public markets. The company posted an operating expense of $8.6 million, a 156.2% increase from the previous year. R&D expenses rose to $5.2 million while general and administrative costs increased to $2.5 million. The net loss reached $65.5 million, showing a significant increase from $3.3 million in Q3 2020, resulting in a net loss per share of $0.71. However, cash reserves stood strong at $185 million as of September 30, 2021.

Vicarious Surgical Inc. (NYSE: RBOT, RBOT WS) will present at the Canaccord Genuity MedTech, Diagnostics, and Digital Health & Services Forum on November 18 at 4:00 p.m. Eastern Time. The management will also engage in virtual investor meetings throughout the day. The presentation will be live-streamed on the Company’s website, with an archive available afterward. Vicarious Surgical specializes in innovative robotics technology aimed at enhancing surgical efficiency and patient outcomes.

Vicarious Surgical Inc. (NYSE: RBOT, RBOT WS) announced management's participation in the Credit Suisse 30th Annual Healthcare Conference on November 11 at 3:30 p.m. ET. The company aims to enhance surgical procedures' efficiency and patient outcomes through its innovative robotics technology. A live webcast of the presentation will be available on the company’s website, with an archive accessible post-conference. Vicarious Surgical, founded in 2014, has developed a groundbreaking surgical system recognized by the FDA with Breakthrough Device Designation.

Energy Vault has entered into an agreement with DG Fuels to provide 1.6 GWh of energy storage across multiple projects, potentially generating $520 million in revenue. The first project, set for Louisiana, will deploy Energy Vault's gravity storage systems, which utilize local materials. DG Fuels aims for a 93% carbon conversion efficiency in its sustainable aviation fuel production. The agreement supports renewable hydrogen production and aligns with Energy Vault's goals of enhancing sustainability and reducing reliance on fossil fuels, while also advancing its public listing plans.

Vicarious Surgical Inc. (NYSE: RBOT) will announce its third quarter 2021 financial results on November 8, 2021, after market close. A conference call will follow at 4:30 p.m. ET. The company focuses on enhancing surgical procedures through innovative robotics technology, aiming to improve patient outcomes while lowering costs. Vicarious Surgical's system, which combines human-like robots and virtual reality, has received FDA's Breakthrough Device Designation, marking a significant achievement in surgical technology.