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Worthington Steel, Inc. reports company news centered on value-added steel processing, quarterly and annual operating results, dividends, conference calls and corporate updates. Its business updates describe carbon flat-rolled steel processing, electrical steel laminations, tailor welded products and related capabilities such as galvanizing, pickling, configured blanking, specialty cold reduction and lightweighting.
Worthington Steel news also includes disclosures about material agreements, capital-structure matters and shareholder-related developments when they affect the company’s public reporting. The recurring news record reflects a NYSE-listed Ohio company with steel-processing operations across the United States and international markets.
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.
Vicarious Surgical (NYSE: RBOT, RBOT WS) announced a long-term lease for an additional 30,000 square feet in Waltham, MA, expanding its manufacturing capacity. This new facility will feature four operating rooms for research and testing, enhancing development and hospital engagement. CEO Adam Sachs emphasized that this expansion is vital for innovation and commercialization of their robotics technology aimed at improving surgical efficiency and patient outcomes. Established in 2014, Vicarious Surgical is known for its FDA-designated Breakthrough Device for minimally invasive surgeries.
Novus Capital Corporation II has filed a Registration Statement with the SEC concerning its proposed business combination with Energy Vault, which specializes in sustainable energy storage solutions. This step follows their September 2021 agreement, with the merger expected to be finalized in early 2022, pending stockholder approval. The transaction could provide up to $388 million in gross proceeds for the combined entity. CEO Robert Piconi emphasized funding for growth and deployment of Energy Vault’s systems as key objectives.
Kaleyra, Inc. (NYSE: KLR, WS) has appointed Mauro Carobene as the new Chief Business Officer, effective immediately. Carobene will spearhead the global expansion of Kaleyra's initiatives across various sectors, including banking, technology, and healthcare. He brings over two decades of experience in multinational companies, having previously served as Chief Revenue Officer at DigitalRoute. Kaleyra aims to leverage his leadership skills to enhance its presence and meet partner needs.
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Kaleyra (NYSE: KLR) supports Banca Widiba in launching a new video communication tool called Dialogue. This platform enhances customer interaction, merging remote and traditional banking by allowing direct video calls. It aims to fulfill evolving customer needs post-pandemic, ensuring high service quality. This strategic move is part of Banca Widiba's digital transformation, designed to improve customer experiences and interactions. Kaleyra's technology enables seamless communication across multiple channels for financial institutions worldwide.
Cerberus Telecom Acquisition Corp. (CTAC) has amended its merger agreement with KORE Wireless Group to enhance liquidity for the post-closing public company. Key highlights include $65 million in additional liquidity from preferred stockholders and a new $25 million convertible debt commitment from Fortress, totaling approximately $100 million available to KORE. The Special Meeting for CTAC shareholders is rescheduled for September 29, 2021, with the business combination expected to close around September 30, 2021.
Vicarious Surgical Inc. (NYSE: RBOT) celebrated its public listing by ringing the closing bell at the New York Stock Exchange on September 21, 2021. The company's merger with D8 Holdings Corp. was completed on September 17, 2021, and trading began on September 20, 2021. Vicarious Surgical aims to enhance surgical procedures' efficiency and patient outcomes using advanced robotics and virtual reality technology. The firm's innovative surgical approach has received FDA Breakthrough Device Designation, marking a significant milestone in minimally invasive surgical robotics.
Rotor Acquisition Corp. announced shareholders approved its business combination with Sarcos Robotics, a leader in robotic systems for enhancing human productivity. The transaction is expected to close on September 24, 2021, with the combined company trading on Nasdaq under the ticker STRC from September 27, 2021. Proceeds will support the scale production of Sarcos' Guardian XO and XT robotic systems to address the global skilled labor shortage, enhancing safety and productivity across industries.