New Magazin Research

Eyenovia, Inc. has closed its ongoing underwritten public offering of its common stock comprisin of 3,333,334 shares at a price common share holder of $3.60 on every share.

Eyenovia received net proceeds of $10.9 million from the offering. These net proceeds  concluded on taking off underwriting discounts and commissions and expenses on offering that were paid by Eyenovia. The company will use these proceeds along with the existing funds for funding the ongoing clinical development of its product candidates, project of initial commercialization for MicroStat, and to add into working capital along with the general corporate purposes.

Eyenovia, is basically a clinical stage ophthalmic biopharmaceutical company which is involved in developing a pipeline of microdose array print therapeutics.

in connection with the offering, William Blair & Company, L.L.C. took part as the sole book-running manager while National Securities Corporation worked as the co-manager.

Eyenovia’s pipeline is currently centered around the late-stage development of microdosed medications for presbyopia, myopia progression and mydriasis.

Knight Therapeutics Inc. has completed the Tender offer that it has committed for over 95% ownership of Grupo Biotoscana. The pan-American specialty pharmaceutical company has posted the results of the tender offer process which was purposed for the acquisition of all Biotoscana Investments S.A. provided related outstanding Brazilian Depositary Receipts. A total of 49,778,512 of BDRs were tendered by BDR holders thereby resulting in Knight owning 98% of all outstanding GBT shares and BDRs. The settlement of the Tender Offer shall occur on August 18, 2020. On the Settlement Date, Knight will payout a total of R$517,837,423.

According to report on the date hereof 169,757 BDRs were offered in the tender at the Offer Price. Knight will pay R$11.23 for every BDR to its Holders who decided the price. Knight will pay R$8.98 one every BDR on the Settlement Date in cash while R$2.25 per BDR will be deposited in an escrow account in order to provide the benefit to BDRs Holders. The amount of R$0.91 is purposed to be at any time before November 29, 2022, and 49,608,755 BDRs were offered in the tendere for the Alternative Offer Price. Knight is subject to pay in cash R$10.40 on every BDR to BDR Holders who chose this price. While the Brazilian Depositary Receipts that are left on settlement date would be less than 5% of the total capital stock of GBT.

Knight approved the squeeze out of the remaining BDRs that the details it provided in the Notice. Knight will delist the GBT in Brazil and Luxembourg after Squeeze-Out.

BDR Holders have three days to elect the get Offer Price’s final auction value or it would be able to choose the Alternative Offer Price subject to the adjustment of the Selic Rate. According to the terms Knight keeps the right to buy BDRs at the Offer Price Alternative to BDR Holders if they, subject to Deadline Squeeze-Out, don’t provide the necessary documents and information.

For giving the ability to deploy and endorse Anomali threat intelligence management solutions in Bangladesh Anomali, engaged in providing intelligence-driven cybersecurity solutions, has agreed for a collaboration with OneWorld InfoTech, which provides technology and distribute IT security solutions in Bangladesh.

Anomali VP, Asia Pacific Geoff Noble said constant attacks on the organizations can’t be detected and responded without a high level of visibility over the cyberthreats. He added, “We are excited to partner with the top cybersecurity provider in Bangladesh, OneWorld InfoTech, to help customers there gain access to integrated cyber threat intelligence (CTI) solutions that will help them to improve security and reduce risk.”

While OneWorld InfoTech Global Director of Technology and Services Maruf Ahmed gave his views, “Anomali brings a unique approach to connect external data with internal knowledge to operationalize a unified intelligence picture for organizations to reduce risk across their environments. By expanding our IT security portfolio offering with Anomali, we expect to assist organizations in Bangladesh private and public sectors in building effective cyber threat intelligence program and threat sharing communities to bolster defenses exponentially.”

According to the details provided, joint customers of both businesses receive the most advanced, broad, and easy-to-use CTI solutions. The Anomali delivers Lens, a first-of-its-kind technology enables anyone to automatically know if the organizations are being attacked. Anomali Match integrates the tools related to CTI, MISP data, OSINT, SIEM logs, vulnerability assessment, and provides other big data sources to match the billions of indicators of compromise (IOCs) and menaces against any thing that is present in customers’ networks. While Anomali ThreatStream is threat intelligence tool (TIP) compensate data from the broader range of feeds to create actionable threat intelligence.

Sherwin-Williams has announced the Q2 2020 sales guidance. The company has said that it had increased its net sales guidance for Q2 2020. The company expects that the consolidated net sales of the company will decrease by a significant margin than the previous quarter of 2019. The company has issued the prior guidance, issued in April 2020 for Q2 2020 consolidated net sales decreased to mid-teen percentage as compared to the previous quarter of 2019.

The company has said that the net sales in The Americas Group are expected to decrease in the Q2 2020 as compared to the previous quarter. The company is scheduled to release the Q2 2020 financial results on July 28, 2020.

Chief Executive Officer and Chairman of the company, John Morikis said, “Our employees have performed admirably during this challenging time to meet our customers’ needs.”

“We are raising our second quarter sales guidance given our ability to capture and serve greater than expected demand in our North American architectural businesses,” John Morikis further added in the statement.

“We are encouraged by the sequential improvement in all three of our business segments during the second quarter. In The Americas Group, we rapidly adapted to the pandemic by implementing curbside pickup in our stores, utilizing our fleet of over 3,000 delivery vehicles, and leveraging our e-commerce platform. We have gradually and safely reopened nearly all of our sales floors over the last month,” John Morikis said.”

“DIY growth in our stores remains strong, while our residential repaint and new residential segments have improved at a faster rate than our property management, new commercial and protective and marine segments. In the Consumer Brands Group, the unprecedented demand from most of our retail partners has remained robust, driven by consumers who are nesting during the pandemic and focused on DIY projects. In the Performance Coatings Group, demand has been variable by end market and geography,” John Morikus concluded.