Worthington Steel - WS STOCK NEWS

Vicarious Surgical Inc. (NYSE: RBOT, RBOT WS) announced it will release its financial results for the first quarter ended March 31, 2023, on May 8, 2023, after market close. The company will host a conference call at 4:30 p.m. Eastern Time to discuss these results. Vicarious Surgical is focused on advanced surgical robotics with the aim of enhancing surgical efficiency, improving patient outcomes, and reducing healthcare costs. Backed by prominent investors, including Bill Gates and Khosla Ventures, the company is known for its innovative approach that transports surgeons inside patients for minimally invasive surgeries. Stakeholders can access further information via the company's investor website.

Air Water Ventures Ltd. and Athena Technology Acquisition Corp. II (ATEK) have announced a definitive agreement for a business combination, valuing Air Water Ventures at $300 million. This transaction will result in the formation of The Air Water Company, expected to be listed on the NYSE. ATEK aims to raise up to $60 million in PIPE financing, with existing Air Water investors rolling their equity into the combined entity. The Air Water Company specializes in innovative air-to-water technology, producing sustainable drinking water with minimal environmental impact. The business combination is projected to close in the first quarter of 2024, pending ATEK stockholder approval and customary conditions.

Next.e.GO Mobile SE, an urban electric vehicle manufacturer, announced a Virtual Analyst & Investor Day on April 27, 2023 at 9:00 a.m. ET. This event aims to share the company's strategy and operations with investors and analysts. Key presentations will be made by senior management, including Chairman Ali Vezvaei and CFO Eelco van der Leij. The event follows e.GO's agreement to merge with Athena Consumer Acquisition Corp. (ACAQ), which will lead to e.GO’s public listing under the new ticker symbol “EGOX”. e.GO focuses on affordable electric vehicles using innovative production technology. The completion of the merger is anticipated in early 2023, contingent on customary closing conditions.

Next.e.GO Mobile SE, a key player in urban electric vehicle production, will exhibit at the Hannover Messe trade fair from April 17-21, 2023, in collaboration with Microsoft at Hall 17 Booth G06. The event, focused on Industrial Transformation, will showcase e.GO's innovative MicroFactory technology aimed at decentralizing and optimizing automotive production. Demonstrations will highlight the integration of artificial intelligence and technologies like HoloLens to enhance production processes. Chairman Ali Vezvaei expressed enthusiasm about contributing to sustainable manufacturing. e.GO is also involved in a business combination agreement with Athena Consumer Acquisition Corp (ACAQ,WS,ACAQU) for a public listing, expected in Q2 2023.

Ambac Financial Group, Inc. (NYSE: AMBC) announced that the outstanding AFG warrants will expire on April 30, 2023. As this date is not a trading day, holders must exercise their warrants by 5 p.m. EDT on April 28, 2023. The NYSE will suspend trading in these warrants after April 25, 2023. Approximately 4.9 million warrants remain outstanding with an exercise price of $16.67 per share.

Holders wishing to exercise their warrants should contact their brokers or custodians for instructions, while brokers are encouraged to reach Computershare Inc. for procedure confirmation prior to the cutoff time.

On April 3, 2023, Kaleyra, Inc. (NYSE: KLR) received a notice from the NYSE indicating it no longer meets continued listing requirements due to an average market capitalization below $50 million and stockholders' equity of $42.2 million as of December 31, 2022. The average market capitalization was approximately $31.5 million over the last 30 trading days. Kaleyra has 45 days to submit a plan to regain compliance, which the NYSE will review. Despite this notice, the company's stock will remain listed and traded on the NYSE during the cure period, carrying the designation of '.BC' for non-compliance. Importantly, the NYSE confirmed that Kaleyra has regained compliance with the average closing price requirement, as its stock price exceeded the $1.00 minimum threshold as of March 31, 2023.

Kaleyra, Inc. (NYSE: KLR, NYSE American: KLR WS) has launched Kaleyra Video, an audio-video calling solution leveraging WebRTC technology, in the United States as of April 4, 2023. This expansion taps into a market that accounts for over 40% of global WebRTC usage, coinciding with a growing demand for real-time communication among American consumers. Currently, 38% of Americans utilize telehealth services, prompting Kaleyra to finalize HIPAA compliance. The video solution offers seamless integration, branding customization, and collaborative features. Kaleyra aims to enhance its omnichannel offerings and better serve U.S. clients amid rising telehealth usage.

KORE Group Holdings (NYSE: KORE, KORE WS) announced details regarding its delayed filing of the Annual Report on Form 10-K for fiscal year 2022. The Company filed a Form 12b-25 to notify of its inability to file by the deadline of March 16, 2023, and expects to do so no later than April 7, 2023. Management discovered misstatements relating to income tax liabilities affecting prior periods, which will necessitate a revision of past financial statements in the upcoming 10-K. However, KORE confirmed that revenue and adjusted EBITDA remain unchanged for 2022, as reported in a preceding press release. The filing delay is not due to disagreements with auditors.

Local Bounti Corporation (NYSE: LOCL) has announced securing up to $145 million in financing through an amended credit facility with Cargill and a sale-leaseback transaction. The financing includes an increase in the credit facility from $170 million to up to $280 million, which will fund construction in Georgia, Texas, and Washington. Additionally, a $35 million sale-leaseback of facilities in California is planned. CFO Kathleen Valiasek expressed optimism about meeting growing demand for sustainable produce with their Stack & Flow Technology™. The financing supports Local Bounti's growth strategy, aiming to improve agricultural yields.