Artificial Intelligence
RenalytixAI Announces Pricing of Global Offering and Approval to List on the Nasdaq Global Market
NEW YORK, July 16, 2020 (GLOBE NEWSWIRE) — Renalytix AI plc (LSE: RENX) (“RenalytixAI” or the “Company”), an artificial intelligence-enabled in vitro diagnostics company, focused on optimizing clinical management of kidney disease to drive improved patient outcomes and lower healthcare costs, today announces the pricing of its global offering of an aggregate of 11,000,000 new ordinary shares (the “Global Offering”).
HighlightsAnticipated gross proceeds of approximately US$74.3 million (or US$85.4 million if the underwriters exercise their option to purchase additional ADSs in full), before deducting underwriting discounts and commissions and estimated offering expenses payable by RenalytixAIRenalytixAI intends to use approximately US$25.0 to US$30.0 million of the net proceeds from the Global Offering for the continued development and planned commercialization of the KidneyIntelX platform, and the remainder for working capital and other general corporate purposesADSs are expected to commence trading on the Nasdaq Global Market on 17 July 2020 under the symbol “RNLX”Ordinary shares are expected to commence trading on AIM on 22 July 2020The Global Offering includes a registered public offering in the United States of 5,485,000 American Depositary Shares (“ADSs”), each representing two ordinary shares, at a price of US$13.50 per ADS, and a concurrent private placement in Europe and other countries outside of the United States of 30,000 ordinary shares at a price of £5.37 per ordinary share (at an exchange rate of GBP:USD 1:1.2563). The closings of the ADS offering and the concurrent private placement are conditioned on each other and are expected to occur on 21 July 2020, subject to customary closing conditions. In addition, RenalytixAI has granted the underwriters a 30-day option to purchase up to an additional 822,750 ADSs at the initial offering price per ADS less underwriting discounts and commissions.RenalytixAI’s ordinary shares are admitted to trading on the AIM market of London Stock Exchange plc (“AIM”) under the symbol “RENX”. The ADSs have been approved for listing on the Nasdaq Global Market and are expected to begin trading under the symbol “RNLX” on 17 July 2020. Application is being made for the new ordinary shares to be issued at the closing of the Global Offering to be admitted to trading on AIM and it is expected that admission will become effective and dealings in the new ordinary shares will commence at 8:00 a.m. (BST) on 22 July 2020.J.P. Morgan and Stifel are acting as joint global coordinators and joint book-running managers for the Global Offering.A registration statement, including a prospectus, relating to these securities has been filed by RenalytixAI and was declared effective by the Securities and Exchange Commission on 16 July 2020. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. The Global Offering is being made only by means of a prospectus. When available, copies of the final prospectus relating to and describing the terms of the Global Offering may be obtained from the offices of J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at +1 (866) 803-9204, or by e-mail at [email protected] or from Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104, or by telephone at +1 (415) 364-2720 or by email at [email protected].This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Related party transactionMount Sinai has indicated an interest in purchasing 825,000 ADSs at the same price and on the same terms as all other participants in the Global Offering. Immediately following issuance, Mount Sinai would hold a total of 8,853,426 Ordinary Shares and 825,000 ADSs, representing, in aggregate, approximately 15 per cent. of the Company’s enlarged issued share capital following closing of the Global Offering.The participation by Mount Sinai in the Global Offering constitutes a related party transaction for the purposes of the AIM Rules for Companies. The independent directors for the purposes of the Global Offering (being the remaining Directors not connected with Mount Sinai being Julian Baines, James McCullough, Fergus Fleming, Richard Evans and Christopher Mills), having consulted with the Company’s nominated adviser, Stifel, consider that the terms of the related party transaction are fair and reasonable insofar as the Shareholders are concerned.Board changesAs announced on 25 June 2020, effective as of 16 July 2020, Julian Baines (Non-Executive Chair) and Richard Evans (Non-Executive Director and Chair of the Company’s Audit Committee) have stepped down from the Company’s board of directors. Christopher Mills (Non-Executive Director) has been appointed as Interim Chair and will oversee a search for suitable replacement directors.The membership of the Company’s board committees has also changed effective as of 16 July 2020. Erik Lium, Ph.D. has assumed the role of Chair of the Audit Committee, with the other members of the Audit Committee being Barbara Murphy and Christopher Mills. Erik Lium has also assumed the role of Chair of the Remuneration Committee, with the other member of the Remuneration Committee being Chirag Parikh, Ph.D., M.D. Finally, Barbara Murphy, M.D. has assumed the role of Chair of the Nomination Committee, with the other member of the Nomination Committee being Chirag Parikh, Ph.D., M.D.For further information, please contact:The person responsible for arranging the release of this announcement on behalf of the Company is James McCullough, CEO of Renalytix AI plc.Forward-Looking StatementsCertain statements made in this press release are forward-looking statements including with respect to the creation of a trading market for ADSs representing the Company’s ordinary shares in the United States, the commencement of trading of the ADSs on the Nasdaq Global Market, the admission of the new ordinary shares to trading on AIM, the participation of Mount Sinai in the Global Offering, the completion and timing of the closing of the Global Offering and the expected amount of gross proceeds and use of anticipated net proceeds from the Global Offering. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including if the new ordinary shares are not admitted to trading on AIM or if there are adverse market or economic conditions. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this press release. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.For readers in the European Economic Area (“EEA”) and the United KingdomIn any EEA member state and the United Kingdom, this communication is only addressed to and directed at qualified investors in that member state and the United Kingdom within the meaning of the Prospectus Regulation. The term “Prospectus Regulation” means Regulation (EU) 2017/1129.For readers in the United KingdomThis communication, in so far as it constitutes an invitation or inducement to enter into investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000 as amended (“FSMA”)) in connection with the securities which are the subject of the offering described in this press release or otherwise, is being directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments who fall within Article 19(5) (“Investment professionals”) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) certain high value persons and entities who fall within Article 49(2)(a) to (d) (“High net worth companies, unincorporated associations etc.”) of the Order; or (iv) any other person to whom it may lawfully be communicated (all such persons in (i) to (iv) together being referred to as “relevant persons”). The ADSs or ordinary shares offered in the Global Offering are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such ADSs or ordinary shares will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. This communication does not contain an offer or constitute any part of an offer to the public within the meaning of sections 85 and 102B of FSMA or otherwise.
Artificial Intelligence
Discovery launches documentary series Being Digi-Sapiens exploring the changing relationship between humans and technology
Travelling across Europe, the series reveals the personal, societal and environmental benefits of digitalization
DÜSSELDORF, Germany, July 5, 2024 /PRNewswire/ — The first episode of the three-part documentary series “Being Digi-Sapiens” was released today by Warner Bros. Discovery. It features the Swedish inventor, roboticist and YouTuber Simone Giertz as she travels across Europe to see how technology is transforming our daily lives. The series was made with support from Huawei and features a broad range of digital innovations, reaching far beyond the brand’s own products.
The first episode, “Connecting with Ourselves” explores digital technology’s impact on our homes, health and hospitals. After kicking things off in a tech-enhanced fiber-connected home in Bonn, claiming to have one of the “fastest internet connections in Germany”, Simone heads to a state-of-the-art sports and health lab to see first-hand how both professional and amateur athletes are benefiting from cutting-edge data collection. Finally, Simone visits Barcelona’s historical Hospital de la Santa Creu I Sant Pau to get a crash course in how the latest technologies are being harnessed to help patients more effectively.
Warner Bros. Discovery Greater China and South East Asia’s Vice President and Head of Content & Products, Vikram Channa, said “The idea of becoming ‘Digi-Sapiens’ represents the next step in our evolution, where digital technology enhances our natural abilities and expands what we can achieve. The documentary aims to inspire viewers to see the potential in embracing technology thoughtfully and creatively. It’s about highlighting how technology can improve our lives, solve real-world problems, and open up new opportunities.”
In the coming two episodes, Simone will crisscross more European countries to discover how technology is helping us connect with our communities and our environment.
Smart home in Bonn, GermanyHuawei’s Fiber-to-The-Room (FTTR) Demo House in Bonn allows visitors to experience what life feels like in a world where networks respond at light speed at all times, no matter how much data is being transmitted or where in a building we stand. Simone uses the opportunity to set up an array of video calls with herself. But her experiment is suddenly interrupted by a digital poltergeist…
Wearable health and fitness tech, in Helsinki, FinlandElite athletes rely heavily on technology to precisely measure and optimize their performance. The results are improved strides and endurance for runners, more efficient swimming strokes, and more balanced weight bearing on both legs while skiing. But it’s not only top athletes who can benefit. At Huawei’s state-of-the-art lab in Helsinki, Simone discovers that her biological age, according to wearable data, is younger than her age in calendar years. She also tries out running at full speed on a treadmill to find out her lungs’ maximum capacity.
Sant Pau Hospital in Barcelona, SpainSant Pau may be old, but it’s certainly not obsolete. The latest technologies implemented by the hospital help improve treatment for patients. As Simone tours Sant Pau’s Dimension Lab to discover VR applications in medicine, a doctor hands her an exact replica of a human heart made on a 3D printer. Simone had no idea it was so big…
Since 2020, Huawei has been Sant Pau’s leading strategic partner in state-of-the-art storage systems. Huawei supplied Sant Pau with an all-flash storage solution providing medical staff near-instant access to patient data when needed. The solution features the latest backup, recovery, and anti-ransomware technologies ensuring the highest levels of patient data protection.
To watch the documentary, please visit:UK: https://www.youtube.com/watch?v=fY-BMMmEgBQ&t=15shttps://www.discoveryuk.com/being-digi-sapiens-a-discovery-x-huawei-partnership/Spain: https://www.youtube.com/watch?v=_dwP7mPO5eU&t=18s Italy: https://www.youtube.com/watch?v=8eTbOKiVaYY&t=17s Germany: https://www.youtube.com/watch?v=KIm1Hqx_eK4 France: https://www.youtube.com/watch?v=DGiDZuxr9EM&t=9s
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View original content:https://www.prnewswire.co.uk/news-releases/discovery-launches-documentary-series-being-digi-sapiens-exploring-the-changing-relationship-between-humans-and-technology-302190014.html
The July editions of Technology, Mobile and AI Magazines include interviews with leading experts and executives from Google Cloud, Virgin Media O2, Genpact and more!
LONDON, July 5, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has published the latest editions of Technology, Mobile and AI Magazines. These publications are highly regarded within the technology and telecommunication sectors for their in-depth reports and interviews with prominent figures in the respective industries.
Technology MagazineThis month’s edition features an exclusive lead interview with Helen Kelisky, Managing Director at Google Cloud UK & Ireland on her perspectives as a female tech leader and the future of cloud and AI.
“Teams become stronger by not only recruiting diverse talent but in challenging the limitations of the team and playing to their unique set of strengths”
The edition also contains extensive interviews with key thought leaders from Genpact, Trane and more, along with the Top 10: Technology Consultants
Mobile MagazineThis month’s edition features an extensive lead interview with Julian Davidge, Director of Technology, Service & Operations at Virgin Media O2 on technological innovation at the telco giant.
“Technology is moving faster and faster as the desire to do something different increases”
The edition also contains extensive interviews with key thought leaders from Schneider Electric, Extreme Networks, AT&T and more. Plus the Top 10 5G Leaders
AI MagazineThis month’s edition features an extensive lead interview with Shibu Nambiar, Global High Tech Business Leader at Genpact, on how AI is transforming operations.
“Ensuring the human element remains central to any kind AI initiative is something I think about every single day”
The edition also contains extensive interviews with key thought leaders from Trane, Roy Hill and more, along with the Top 10: Consulting Companies
You can visit Technology Magazine, Mobile Magazine and AI Magazine for daily news and analysis of the ever-changing technology industry.
About BizClikBizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.
BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.
For more information, please visit https://www.bizclikmedia.com/
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Fitzpatrick will drive the next phase of ESG Book’s growth as a global leader in sustainability data and technology.
An experienced leader of investor-backed software companies, Fitzpatrick was previously Co-founder of FullCircl, a software provider to over 700 clients and 15,000 end users in regulated industries.ESG Book offers a wide range of sustainability-related data and technology solutions that are used by many of the world’s largest financial institutions.With 200,000 disclosures, ESG Book’s platform provides data and analytics on public securities and the ability to directly request ESG disclosures from private companies.Fitzpatrick’s appointment comes as market demand for ESG and climate data solutions continues to grow, driven by increasing regulation and disclosure requirements worldwide. LONDON, July 5, 2024 /PRNewswire/ — ESG Book, a global leader in sustainability data and technology, today announced the appointment of Justin Fitzpatrick as the company’s new CEO with immediate effect. He will lead the next phase of ESG Book’s growth, and drive the firm’s market differentiation through next-generation sustainability solutions.
A highly experienced leader of investor-backed software companies, Fitzpatrick was previously the Co-founder and COO of FullCircl, a software provider to more than 700 clients and 15,000 end users in regulated industries. Prior to that, he was the Co-founder and CEO of DueDil, an award-winning regtech solution, and Co-founder and Non-Executive Director of Innovate Finance, an industry association that has been at the forefront of establishing the UK as a global fintech hub.
ESG Book offers a wide range of sustainability related data and technology solutions that are used by many of the world’s largest financial institutions, consultants, and corporates.
Combining market-leading sustainability and climate data with a SaaS-based platform that provides access to approximately 200,000 corporate disclosures and analytics, ESG Book directly connects companies with financial institutions. The firm’s cloud-based technology offers best-in-class ESG performance management, peer benchmarking, and regulatory compliance solutions.
Fitzpatrick’s appointment as ESG Book’s new CEO comes as market demand for high-quality ESG and climate data products continues to grow, driven by fast-increasing sustainability regulation and disclosure requirements worldwide.
Nazo Moosa, Advisory Board Member at ESG Book, said: “I am delighted to welcome Justin as ESG Book’s new Chief Executive. He is the ideal candidate to lead the company into a new, successful chapter at a time of a disruptive innovation cycle in sustainable finance. With his deep expertise in scaling and accelerating growth in investor-backed software companies, Justin has the track record to drive ESG Book’s global expansion and deliver its future success as a leader in sustainability data and technology.”
Justin Fitzpatrick, CEO of ESG Book, said: “I am excited to join ESG Book and lead the company into a new phase of growth. This is a business extremely well positioned to meet the fast-growing need for sustainability solutions across capital markets.”
“I look forward to working with the ESG Book team as we continue to expand our partnerships with financial institutions, reduce the friction for corporates in meeting ESG disclosure requirements, and deliver market-leading analytics and tools to help our clients achieve their sustainability goals.”
About ESG Book
ESG Book is a global leader in sustainability data and technology. Combining market-leading sustainability and climate data with an ESG disclosure platform that provides access to almost 200,000 corporate disclosures and analytics, ESG Book directly connects companies with financial institutions. The firm’s cloud-based sustainability dashboard is used by the world’s largest companies and consultants for ESG performance management, peer benchmarking, and regulatory compliance.
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