BOSTON, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Galecto, Inc. (NASDAQ: GLTO), a biopharmaceutical company focused on developing novel therapeutics to redefine the treatment paradigm for people living with blood cancers, today announced the pricing of its previously announced underwritten public offering of shares of its common stock. Galecto is selling a total of 14,473,685 shares of common stock at a p...
BOSTON, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Galecto, Inc. (NASDAQ: GLTO), a biopharmaceutical company focused on developing novel therapeutics to redefine the treatment paradigm for people living with blood cancers, today announced the pricing of its previously announced underwritten public offering of shares of its common stock. Galecto is selling a total of 14,473,685 shares of common stock at a public offering price of $19.00 per share. In addition, Galecto has granted the underwriters a 30-day option to purchase an additional 2,171,052 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds to Galecto from the offering are expected to be approximately $275 million, before deducting underwriting discounts and commissions and offering expenses payable by Galecto and assuming no exercise of the underwriters’ option to purchase additional shares. All of the securities are being offered by Galecto. The offering is expected to close on or about February 12, 2026, subject to customary closing conditions. Jefferies, Leerink Partners, Evercore ISI and Guggenheim Securities are acting as joint book-running managers for the offering. An automatically effective shelf registration statement relating to these securities was filed with the Securities and Exchange Commission (SEC) on February 10, 2026. This offering is being made only by means of a written prospectus, including a prospectus supplement, forming a part of an effective registration statement. A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available on the SEC’s website, located at www.sec.gov. A copy of the final prospectus supplement and the accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov and, when available, may be obtained from: Jefferies LLC (Attention: Equity Syndicate Prospectus Departmen...
The European Union will exempt one of Volkswagen AG ’s China-built electric vehicles from hefty import duties, the first car to get approval under a new mechanism aimed at thawing trade tensions. The European Commission said Tuesday that it accepted an application from Volkswagen (Anhui) Automotive Co. to sell the Cupra Tavascan compact sports utility vehicle at or above a proposed minimum import ...
The European Union will exempt one of Volkswagen AG ’s China-built electric vehicles from hefty import duties, the first car to get approval under a new mechanism aimed at thawing trade tensions. The European Commission said Tuesday that it accepted an application from Volkswagen (Anhui) Automotive Co. to sell the Cupra Tavascan compact sports utility vehicle at or above a proposed minimum import price. The carmaker has also committed to an import quota and will invest in significant battery EV-related projects in the EU, according to a statement . In return, VW won’t need to pay the 20.7% countervailing tariff imposed on the model since 2024. Volkswagen’s deal is the first under the EU’s new system that allows carmakers to apply for tariff exemptions for every Chinese-made EV model they wish to import, and offers a potential road map for other firms, like BYD Co. , that are looking to ship more cars to Europe. Read More: One in 10 Cars Sold in Europe Is Now Made by a Chinese Brand The framework, announced just last month, signaled a major thawing in trade tensions between Brussels and Beijing that also enables the EU to secure investment pledges while protecting its domestic industry from an influx of lower-cost Chinese EVs. For VW, which is pouring billions of dollars into the Anhui facility where the Tavascan is made, the exemption is likely to bolster margins that had been eroded by original tariff structure. The European Commission didn’t give details of the minimum price offered by VW, or the quota they had agreed to. The carmaker submitted its application in October.
(RTTNews) - Computer Modelling J (CMG.TO) revealed a profit for third quarter that Drops, from last year The company's earnings came in at C$5.96 million, or C$0.07 per share. This compares with C$9.61 million, or C$0.12 per share, last year. Excluding items, Computer Modelling J reported adjusted earnings of C$7.07 million or C$0.09 per share for the period. The company's revenue for the period f...
(RTTNews) - Computer Modelling J (CMG.TO) revealed a profit for third quarter that Drops, from last year The company's earnings came in at C$5.96 million, or C$0.07 per share. This compares with C$9.61 million, or C$0.12 per share, last year. Excluding items, Computer Modelling J reported adjusted earnings of C$7.07 million or C$0.09 per share for the period. The company's revenue for the period fell 8.6% to C$32.69 million from C$35.77 million last year. Computer Modelling J earnings at a glance (GAAP) : -Earnings: C$5.96 Mln. vs. C$9.61 Mln. last year. -EPS: C$0.07 vs. C$0.12 last year. -Revenue: C$32.69 Mln vs. C$35.77 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Shares of Country Garden inched higher on Wednesday after the Chinese property developer disclosed that the Shanghai Stock Exchange had issued a “circulated criticism” over its failure to disclose overdue debts in a timely manner. Country Garden shares opened at HK$0.285, up about 1.8 per cent from Tuesday’s close of HK$0.280. In a filing to the Hong Kong Stock Exchange on Tuesday night, Country G...
Shares of Country Garden inched higher on Wednesday after the Chinese property developer disclosed that the Shanghai Stock Exchange had issued a “circulated criticism” over its failure to disclose overdue debts in a timely manner. Country Garden shares opened at HK$0.285, up about 1.8 per cent from Tuesday’s close of HK$0.280. In a filing to the Hong Kong Stock Exchange on Tuesday night, Country Garden said it and three executive directors – chairwoman Yang Huiyan, co-chairman Mo Bin and chief financial officer Wu Bijun – recently received a “Decision on Disciplinary Action” from the Shanghai Stock Exchange. Advertisement The Shanghai exchange, which oversees disclosures for the company’s onshore bond listings, said Country Garden failed to disclose overdue debts on time during the periods from August to December 2023, from January to June 2024 and from July to December 2024, breaching its bond listing rules. The Shanghai exchange imposed self-regulatory measures on the company and the named executives, issued a “circulated criticism” and recorded the matter in its integrity file database. But it did not issue fines. Advertisement Other named responsible persons were also subject to the measures, according to the filing.