Worthington Steel, Inc. - WS STOCK NEWS

Quanergy Systems, a provider of LiDAR sensors and smart 3D solutions, announced that NYSE Regulation will delist its common stock (NYSE:QNGY) and warrants (NYSE:QNGY WS) due to failing to maintain a minimum average global market capitalization of $15 million over 30 trading days. Trading will be suspended after market close on November 8, 2022, with OTC trading expected to begin on November 9, 2022. The Company does not plan to appeal the delisting decision.

Energy Vault Holdings (NYSE: NRGV, NRGV WS) has appointed Jan Kees van Gaalen as the new Chief Financial Officer, effective November 16, 2022. He replaces David Hitchcock, who served as the interim CFO since April 2022 and will continue as an advisor until December 31, 2022. van Gaalen brings over 30 years of experience in the energy sector, previously holding CFO positions in several public companies.

The transition aims to strengthen the finance function as the company embarks on multi-GW hour deployments of its energy storage solutions.

Vicarious Surgical (NYSE: RBOT, RBOT WS) announced its financial results for Q3 2022, reporting a significant increase in operating expenses to $22.2 million, up 159% from $8.6 million the previous year. R&D expenses rose to $12.1 million, while adjusted net loss was $21.7 million, or $0.18 per share, compared to a loss of $8.6 million, or $0.09 per share, in Q3 2021. The GAAP net loss was $24.7 million, down from $45.1 million year-over-year. The company ended the quarter with $126.8 million in cash and equivalents, maintaining a cash burn rate of $14.5 million.

Energy Vault Holdings (NYSE: NRGV, NRGV WS) will announce its third-quarter earnings results for the period ending September 30, 2022, on November 14, 2022, followed by a conference call at 4:30 PM ET. Participants can join the call via phone or through a live webcast. The earnings call replay will be available until November 28, 2022. Energy Vault specializes in sustainable energy storage solutions, aiming to lower energy costs and boost reliability while supporting the transition to a circular economy.

Vicarious Surgical Inc. (NYSE: RBOT, RBOT WS) plans to release its third quarter 2022 financial results on November 7, 2022, after market close. A conference call will follow at 4:30 p.m. Eastern Time. This company focuses on enhancing surgical procedures through innovative robotics aimed at improving efficiency and reducing healthcare costs. Founded in 2014, Vicarious Surgical is supported by notable investors including Bill Gates and Khosla Ventures. Investors can access the call by dialing +1 (646) 904 5544 (domestic) or +1 (929) 526 1599 (international).

Fortress Value Acquisition Corp. IV (NYSE: FVIV) is seeking shareholder approval to redeem its Class A common stock, valued at approximately $10.05 per share, before December 31, 2022. This decision stems from the likelihood of not securing a suitable merger partner by the stipulated 24-month deadline of March 18, 2023. The company has explored over 50 potential targets but faced challenges in agreement on valuations and target assessments. The redemption aims to avoid potential taxes and liquidate before the deadline.

Fortress Value Acquisition Corp. III (NYSE: FVT) is seeking shareholder approval to redeem its Class A common stock for cash from its trust account before December 31, 2022, due to a low likelihood of securing a suitable merger partner before its January 7, 2023 expiration. The company has reviewed nearly 60 potential targets since its IPO but faced challenges including valuation disagreements and concerns about target companies' business models. Approximately $231.1 million is held in trust, allowing a return of about $10.04 per Public Share post-expenses.

Tailwind Acquisition Corp. (TWND) announced its plans to transfer its listing from the New York Stock Exchange to NYSE American, effective around October 12, 2022. This decision is influenced by favorable listing requirements on NYSE American. TWND will continue to provide periodic reports to the Securities and Exchange Commission (SEC) following the transfer. The company emphasizes its commitment to maintaining compliance with SEC regulations throughout this transition.

Nuburu has secured a Phase II contract from AFWERX to develop a blue laser-based 3D printing solution, enhancing military capabilities. The project aims to demonstrate a revolutionary 3D printer that achieves up to 100 times faster build speeds, improved accuracy, and matches full metal density with minimal post-processing. This innovation could significantly expedite the production of critical aircraft components, reducing downtime. Nuburu is leveraging its existing expertise in metal welding to expand into the aerospace and automotive markets, focusing on high throughput and cost-effective manufacturing.