aaajili net
World Bank pulls loan for Philippine customs amid legal challengeSparks scores 20 off the bench, Ball State knocks off Evansville 80-43
IT'S taken just 11 months for some Manchester United fans to turn on minority co-owner Sir Jim Ratcliffe. And doubters in the Old Trafford faithful will no doubt be left even more frustrated when they find out what could've been under the Qatari administration, who had plans to revolutionise the club in just THREE DAYS. Fan pressure and soaring costs saw the majority owning Glazer family announce that they were open to selling United in November 2022. And Qatari billionaire banker Sheikh Jassim bin Hamad al-Thani, entered the race to buy Britain's biggest football club. After months of speculation, Sheikh Jassim's final £4.5billion offer for full control was shunned by the Glazers , in favour of Britain's richest man Ratcliffe. Ratcliffe's own £1.2bn offer for a 27.7 per cent stake was accepted, and the 72-year-old, a life long fan, was effectively given the keys, taking control of all operations. But things haven't gone to plan, with sporting director Dan Ashworth leaving the club after just five months in his role in the latest of a string of PR disasters. Almost 12 months on, the 'new' United lurches from horror show to another under Ratcliffe and his Ineos officers. Ahead of Sunday's derby at Man City they find themselves in a lowly 13th place in the Premier League. After 15 games they are 16 points behind Liverpool, who spanked them 3-0 at Old Trafford. FOOTBALL FREE BETS AND SIGN UP DEALS But the Mail have now revealed an inside swoop into what could've happened in M16 if the Qatari's were allowed to buy the club outright. Plans for a United rebirth, fuelled by vast wealth and some of the finest sporting and finance brains on earth , had already been carefully drafted. The strategy for 'Project Ruby' saw the Qatari's pledge to announce the takeover on the first day. The removal of ALL of the club's debt would come on the second day. And United would be taken off the New York Stock Exchange and no longer answerable to far-away stakeholders. By day three, Sheikh Jassim would reveal plans for a brand new state-of-the-art stadium. That's it, a clean break in three days to change the club's history and current predicament. As for Old Trafford, there would be no attempt to grab any money from the taxpayer, or confusion over whether this would be a refurbishment or a rebuild. Ratcliffe was reportedly lobbying the government's "Levelling Up" plan to give the north of England a venue to rival Wembley. And the iconic ground continues to rot away, hampered by an embarrassing leaky roof and dead RATS under seats. Under Sheikh Jassim this would have been a more straightforward process. A senior adviser to the Qatari group told the Mail: "The b****y thing would have been fully in-motion now. "A stadium for a football club paid for by a football club and nobody else. And as for the staff Ratcliffe is firing - we would have been hiring." None of the above will be of solace to the United fans – and the large numbers of staff - who had wanted the Sheikh Jassim bid to succeed. Populous, the designers responsible for many of the venues at the 2022 World Cup , had already drawn up plans, which were shared with bidders for United. It can now be disclosed that an 'adaptable' stadium was being seriously considered, with a capacity of between 90,000 and 100,000. Leading commercial property company JLL, based in Manchester city centre, had already been signed up to work on the project. And there was a separate fund planned for the women's team, who would've had their own training centre in Manchester. Leading commercial property company JLL, based in Manchester city centre, had already been signed up to work on the project. Far from being given the sack, Sir Alex Ferguson was to be cherished and invited onto an advisory board. Others, including Class of '92 members David Beckham and Gary Neville, were also being lined up to add their input. But the opposite has come true. Ratcliffe's hated cost-cutting campaign has seen 250 redundancies made and tickets were hiked to £66 for kids and pensioners. He's even turned into the grinch and replaced the £100 staff Christmas bonus with a £40 M&S voucher in his latest money-saving measure. Fans have already protested outside Old Trafford begging to stop being "exploited". But it might not be the end of the story. The advisor told the Mail: "Sheikh Jassim is still a rich guy. "He is still a United fan. He is not going to rush off and try another Premier League club. 'If the opportunity to buy the whole of Manchester United arose again at some point in the future it is hard to see there not being a big level of interest. The plans are still there." SIR JIM RATCLIFFE'S minority takeover at Manchester United was announced on Christmas Eve in 2023 - and a lot has happened at Old Trafford since... December 2023 - Man Utd confirm Ratcliffe's takeover on Christmas Eve, vowing to invest £245m into Old Trafford January 2024 - Ratcliffe and right-hand man Sir Dave Brailsford photographed meeting Erik ten Hag during tour of Carrington January 2024 - Omar Berrada poached from Man City as new CEO February 2024 - Ratcliffe's £1billion, 27.7 per cent takeover officially completed February 2024 - Former CEO Richard Arnold quits board as Ineos pair John Rees and Rob Nevin added March 2024 - Ratcliffe bans words "awesome" and "lukewarm cappuccino" in bizarre move March 2024 - Matt Johnson appointed head of women's football March 2024 - Ratcliffe announces plans to build "Wembley of the North" to replace Old Trafford March 2024 - Man Utd NYSE share price drops to $13.73 on March 21 - down from $20.52 immediately after Ratcliffe takeover in December April 2024 - Senior staff club credit cards and private cars cancelled April 2024 - John Murtough quits as football director April 2024 - Jason Wilcox appointed technical director after compensation package agreed with Southampton May 2024 - Ratcliffe turns Carrington "toxic" after sending email to employees slamming "disgraceful" lack of cleanliness May 2024 - Work finally starts on leaking Old Trafford roof May 2024 - Man Utd finish eighth in Premier League, worst-ever finish May 2024 - Ratcliffe gives employees just one week to decide if they want to accept redundancy May 2024 - Staff forced to pay for own transport to FA Cup final and only given one ticket May 2024 - Pre-match party and hotel for senior staff before FA Cup final axed May 2024 - Man Utd shock rivals Man City to win FA Cup despite suggestions Erik ten Hag will be sacked regardless of result June 2024 - Man Utd announce £50m plans to upgrade Carrington training ground June 2024 - Ratcliffe introduces strict "back to work" policy forcing staff to come into office June 2024 - Ratcliffe scores own goal with comments about women's team July 2024 - Man Utd finally agree deal to bring in Dan Ashworth as sporting director after four months of gardening leave at Newcastle, who received £3m in compensation July 2024 - Erik ten Hag signs shock new contract extension until 2026 July 2024 - Ruud van Nistelrooy and Rene Hake appointed assistant managers, Andreas Georgson first-team coach and Jelle ten Rouwelaar goalkeeper coach. Darren Fletcher's role changes from technical director to first-team coach. Steve McClaren, Mitchell van der Gaag and Benni McCarthy depart. July 2024 - Ex-Chelsea technical director Christopher Vivell joins on short-term basis as interim director of recruitment July 2024 - Jean-Claude Blanc added to Man Utd board July 2024 - Man Utd cut down number of staff on US pre-season tour to 125 July 2024 - Ratcliffe makes 250 redundancies including popular media man John Allen, historian Cliff Butler and kitman Alex Wylie August 2024 - Man Utd splash out £199m in the summer transfer window August 2024 - Matchday staff lunchboxes scrapped and some forced to eat beside toilet October 2024 - Man Utd stop paying £2m-a-year ambassador salary to Sir Alex Ferguson October 2024 - Staff Christmas party cancelled October 2024 - "Back to work" policy costing Utd fortune to convert hospitality suites into temporary offices between home matches October 2024 - Erik ten Hag sacked with club 14th in Premier League table, costing club £15m November 2024 - Ruben Amorim appointed new Man Utd manager on deal until 2027 after stumping up £10m release clause November 2024 - Coach Ruud van Nistelrooy axed by new manager Ruben Amorim November 2024 - Man Utd chiefs locked in blame game over summer shambles including Erik ten Hag situation and transfer signings November 2024 - Ratcliffe reportedly set to half £40,000 budget paid to Manchester United Disabled Supporters Association December 2024 - Ratcliffe admits "mediocre" Man Utd "still in last century" December 2024 - Fans protest after OAP and children concessions tickets ditched and minimum home ticket cost up to £66 December 2024 - Dan Ashworth sacked after five months as sporting director December 2024 - £100 staff Christmas bonus ditched for £40 M&S voucherAP Sports SummaryBrief at 6:31 p.m. EST
Rising Voices Season 5: Highlighting BIPOC Storytellers And Reimagining The Future Of Work
HARRISBURG – With colder weather setting in and increased energy usage, the Pennsylvania Public Utility Commission (PUC) is encouraging natural gas customers to take control of their heating bills with a simple Winter Utility Bill Checklist. By acting now, PUC officials said, consumers can reduce energy usage, lower costs and access assistance if needed. “Recent changes in natural gas prices and colder weather can impact utility bills this winter,” said PUC Chairman Stephen M. DeFrank. “The good news is there are steps you can take to manage energy use, compare costs, and find help if you’re struggling.” The PUC highlighted five simple steps to help Pennsylvanians stay warm and save money: Natural gas bills have two main parts: While delivery charges stay steady, supply charges will fluctuate with wholesale energy market prices and can vary greatly, driven by global demands and factors like extreme winter. Gas supply costs, on which a natural gas distribution company (NGDC) cannot make a profit, are reflected in the NGDC’s Price to Compare. Top energy-saving tips Small changes can make a big difference: Visit PAGasSwitch.com for interactive tools and more energy-saving ideas. If you’re falling behind or worried about winter bills, don’t wait – #CallUtilitiesNow. Utilities can connect you to programs like: If you can’t resolve an issue with your utility, contact the PUC’s Bureau of Consumer Services at (800) 692-7380. The Pennsylvania Public Utility Commission works to balance the needs of consumers and utilities; ensure safe and reliable utility service at reasonable rates; protect the public interest; educate consumers to make independent and informed utility choices; further economic development; and foster new technologies and competitive markets in an environmentally sound manner.The RSS journalists from the respective districts reported that the voters were participating in the election enthusiastically. Duhu rural municipality-5 of Darchula is electing a new chair, while ward no 5 of Gorkha is also voting for the same. Ward no 1 of Musiko municipality of Gulmi is electing a new chair. Election officer Rishiram Ghimire informed that five percent voting was over there.Despite his latest film being censored, Luca Guadagnino remains cautiously optimistic about the power of filmmaking. After a screening of Queer was banned in Istanbul earlier this month, the Oscar-nominated director vowed to “fight any institution that wants to tarnish” cinema while speaking at the Marrakech International Film Festival , where he presides over this year’s jury. “They banned the movie because they said the movie was creating social disorder,” said Guadagnino in the press conference, according to Agence France Presse . “I really hope they do believe that the form of the movie brings the possibility of societal collapse. Because this means that my belief in the power of cinema is true and not delusional.” Based on William S. Burroughs ’ 1985 book, Queer follows Lee ( Daniel Craig ) after fleeing from a drug bust in New Orleans to 1940s Mexico City, where he becomes infatuated with Allerton ( Drew Starkey ), a young discharged American Navy serviceman. “I wonder if they’ve seen the movie or if they are just judging it by the outline or, let’s say, the facetious stupidity of some journalist focusing on James Bond going gay,” the director mused. Guadagnino added, “It’s an obtuse censorship particularly in this world where you can download the movie.” After Mubi acquired multiple territory rights for Queer , the streaming platform canceled its Mubi Fest Istanbul at the last minute after the city’s governor banned its opening screening of the film this month. “Hours before the start of Mubi Fest Istanbul 2024, which took months to prepare and was sold out days ago, we regretted to learn that the screening of Queer , which was part of the festival program and which was also the opening film, has been banned,” Mubi Turkey shared in a statement. “The decision states that the movie is banned because it contains provocative content that would endanger the peace of the society and that the ban would be implemented for security reasons.” The statement continued, “We believe this ban is an intervention that restricts art and freedom of expression... This ban takes not just one movie away but also the meaning and purpose of the entire festival. Mubi wants to take the stance that our audience expects from us and we regret to inform you that we have taken the decision to cancel the entire Mubi Fest Istanbul.”
Earlier this week, the media exploded with the contents of a demi-official letter written by a general officer commanding of a corps of the Indian Army to his superior on the subject of women officers. One could have mistaken this for some other era, but the Gregorian calendar was indeed inching towards 2025. The good general stated that eight women commanding officers were serving under his command and an “in-house” study had been carried out on their performance which showed that “these women officers” lacked tact in interpersonal relations, had an “exaggerated tendency to complain”, were “overexerting command”, displayed a “misplaced sense of entitlement” with an “overgrown ego”, and lacked “empathy” and “compassion”. Some more terms such as “over-ensuring a mean façade” (sic) were thrown in. Of course, there was no methodology provided on how this ‘in-house’ study was conducted —who were the members and respondents, what was the questionnaire, the data, the sample, the empirical analysis, and were experts such as psychologists consulted? Though the intent, in all probability, was to improve the organisation, the letter is still indigestible on multiple levels. First, studies such as these are meant to be conducted scientifically by professional wings of the defence services and the ministry, such as the Army Training Command, College of Defence Management, and Defence Institute of Psychological Research, not by a motley crew of undisclosed men sitting together in a room exchanging personal opinions on women. Second, painting all commanding officers who happen to be women with the same (broad) brush, throwing loaded terms here and there, is just bizarre. Third, leaders — civil and military — have to be careful and moderated in the language they employ while putting ink to paper, even in confidential correspondence. This is not a casual drawing room conversation but related to one’s official role. The written word lasts forever, unlike cold ‘November Rain’. Fourth, it has just been a year since women officers assumed command and too early to pass a blinkered verdict on them. Fifth, having women in command is nothing new. They have served as ‘Officers Commanding’ in exacting circumstances as majors and lieutenant colonels, and just when they take over as ‘Commanding Officers’ in hitherto male-occupied appointments, proverbial hell breaks loose. Fascinatingly, most of the cacophony emerges from a section of the officer corps and not from the lower ranks! Even more interestingly, the Central Armed Police Forces, which have a longer tradition of women serving in all ranks including at the border, have never experienced such scorn. Obviously, there will be teething troubles as during the times of any policy churn. As we move along, there will come an age when one won’t view a soldier through the prism of gender. However, such loaded language gives an opportunity to sections of society, including a minority of serving and retired military staff, to vent their latent ire on their women colleagues with a glum “I told you so” certainty. The comments on social media must be seen to be believed, and the misdirected baseless anger towards women, courts, decision-makers, political executive and senior military brass on this subject is soaked in half-baked knowledge. Those commenting on women being directly put into combat roles by the courts are totally off the mark since the Delhi high court, and later the Supreme Court, had endorsed permanent commission, and consequently command appointments, for women only in the branches they were already serving as short service officers. The courts had refused to interfere with the policy decision of not inducting them in pure combat arms. The women won the legal battle fair and square as the courts ruled that it was arbitrary for them to be acceptable to serve for 14 years as short service officers but not for 20-plus years as permanent officers in the same branches. This was not ‘wokeism’ but enforcement of Articles 14, 15 and 16 of the Constitution. Consequently, they were rightly held eligible for command appointments with their male counterparts within the same branches. The complication of delayed and sudden ascension to command roles arose since despite there being no ‘stay’ by the Supreme Court, the 2010 decision of the High Court was not implemented for more than a decade. Obviously, there is a lot of learning and unlearning to be exercised by both men and women, and it is nobody’s case that women should be given preferential treatment. They must perform, float or sink on the same terms and with the same merit as men, which will happen as things stabilise. It is also well understood that the military is not a social justice experiment, but then gender equality is a work in progress. However, more than the need to address their imagined psychological traits, it would be in the fitness of things to prioritise the sensitisation of their counterparts and senior colleagues, jettison the time warp and re-emphasise the year printed in block letters on the calendar at the back of their office doors. The saving grace, however, is that such views do not reflect those of the govt and the chiefs of defence services who have made all the right progressive noises for nari shakti to succeed. Singh is an advocate at the Punjab & Haryana High Court, and co-editor of the upcoming ‘In Her Defence: Ten Landmark Judgments on Women in the Armed Forces’Metheny's 25 lead Liberty past UT Arlington 79-56WHEELING, W.Va. , Dec. 11, 2024 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (Nasdaq: WSBC) and Premier Financial Corp. ("Premier") (Nasdaq: PFC) today announced that WesBanco's shareholders and Premier's shareholders have each voted overwhelmingly to adopt and approve, as applicable, all proposals relating to the previously announced merger agreement for WesBanco to acquire Premier. The votes were held at the respective special meetings of WesBanco's shareholders and Premier's shareholders today. Approximately 85% of the votes cast at WesBanco's special meeting voted to approve the merger and to approve the proposal to issue shares of WesBanco common stock as described in the joint proxy statement/prospectus for the special meeting, and approximately 68% of the outstanding shares of Premier common stock voted to approve the proposal to adopt the merger agreement. "Shareholder approval is a key milestone that reflects strong confidence in the opportunities this merger creates for our communities, customers, employees and shareholders," said Jeff Jackson , President and Chief Executive Officer of WesBanco. "With this step complete, we look forward to receiving the required regulatory approvals and then scheduling the closing of the merger, so we can bring our community commitment and the resources of a stronger organization to all of our communities." With the completion of this critical milestone, the companies believe the merger is on track to close during the first quarter of 2025. The transaction remains subject to the completion of customary closing conditions, including the receipt of required regulatory approvals. The merger will create a regional financial services institution with approximately $27 billion in assets, significant economies of scale, and strong pro forma profitability metrics. With complementary and contiguous geographic footprints, the combined company would be the 8th largest bank in Ohio , based on deposit market share, have increased presence in Indiana , and serve customers in nine states. About WesBanco, Inc. With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our eight-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia , WesBanco has $18.5 billion in total assets, with our Trust and Investment Services holding $6.1 billion of assets under management and securities account values (including annuities) of $1.9 billion through our broker/dealer, as of September 30, 2024 . Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram. About Premier Financial Corp. Premier Financial Corp. (Nasdaq: PFC), headquartered in Defiance, Ohio , is the holding company for Premier Bank. Premier Bank, headquartered in Youngstown, Ohio , operates 73 branches and nine loan offices in Ohio , Michigan , Indiana and Pennsylvania and also serves clients through a team of wealth professionals dedicated to each community banking branch. For more information, visit Premier's website at www.PremierFinCorp.com . Matters set forth in this press release contain certain forward-looking statements, including certain plans, expectations, goals, and projections, and including statements about the benefits of the proposed Merger between WesBanco and Premier, that are subject to numerous assumptions, risks, and uncertainties. Forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those contained or implied by such statements for a variety of factors including: the effects of changing regional and national economic conditions, changes in interest rates, spreads on earning assets and interest-bearing liabilities, and associated interest rate sensitivity; sources of liquidity available to WesBanco and its related subsidiary operations; potential future credit losses and the credit risk of commercial, real estate, and consumer loan customers and their borrowing activities; actions of the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, the Securities and Exchange Commission, the Financial Institution Regulatory Authority, the Municipal Securities Rulemaking Board, the Securities Investors Protection Corporation, and other regulatory bodies; potential legislative and federal and state regulatory actions and reform, including, without limitation, the impact of the implementation of the Dodd-Frank Act; adverse decisions of federal and state courts; fraud , scams and schemes of third parties; cyber-security breaches; competitive conditions in the financial services industry; rapidly changing technology affecting financial services; marketability of debt instruments and corresponding impact on fair value adjustments; and/or other external developments materially impacting WesBanco's operational and financial performance, the businesses of the WesBanco and Premier may not be integrated successfully or such integration may take longer to accomplish than expected; the expected cost savings and any revenue synergies from the proposed Merger may not be fully realized within the expected timeframes; disruption from the proposed Merger may make it more difficult to maintain relationships with clients, associates, or suppliers; the required governmental approvals of the proposed Merger may not be obtained on the expected terms and schedule; changes in economic conditions; movements in interest rates; competitive pressures on product pricing and services; success and timing of other business strategies; the nature, extent, and timing of governmental actions and reforms; and extended disruption of vital infrastructure; and other factors described in WesBanco's 2023 Annual Report on Form 10-K, Premier's 2023 Annual Report on Form 10-K, and documents subsequently filed by WesBanco and Premier with the SEC. All forward-looking statements included in this press release are based on information available at the time of the release. Neither WesBanco nor Premier assumes any obligation to update any forward-looking statement. View original content to download multimedia: https://www.prnewswire.com/news-releases/wesbanco-inc-and-premier-financial-corp-announce-shareholder-approvals-of-merger-agreement-302329433.html SOURCE WesBanco, Inc.
Trump wants pardoned real estate developer Charles Kushner to be ambassador to France
Metro Transit spending $12 million to boost security, cleanliness on Twin Cities light rail and buses'Our generation is lonelier so we're friendship matchmakers'CRANFORD, N.J. , Dec. 27, 2024 /PRNewswire/ -- Citius Oncology, Inc. ("Citius Oncology" or the "Company") (Nasdaq: CTOR), a specialty biopharmaceutical company focused on the development and commercialization of novel targeted oncology therapies, today reported business and financial results for the fiscal full year ended September 30, 2024 . Fiscal Full Year 2024 Business Highlights and Subsequent Developments Financial Highlights "Reflecting on 2024, Citius Oncology has achieved pivotal milestones that underscore our commitment to advancing cancer therapeutics," stated Leonard Mazur , Chairman and CEO of Citius Oncology. "The FDA's approval of LYMPHIR for the treatment of cutaneous T-cell lymphoma marks a significant advancement in providing new options for patients battling this challenging disease. It is the only targeted systemic therapy approved for CTCL patients since 2018 and the only therapy with a mechanism of action that targets the IL-2 receptor. Additionally, the successful merger forming Citius Oncology, now trading on Nasdaq under the ticker CTOR, strengthens our position in the oncology sector. We expect it to facilitate greater access to capital to fund LYMPHIR's launch and the Company's future growth. With a Phase I investigator-initiated clinical trial combining LYMPHIR with pembrolizumab demonstrating promising preliminary results, indicating potential for enhanced treatment efficacy in recurrent solid tumors, and preliminary results expected from a second investigator trial with CAR-T therapies in 2025, we remain excited about the potential of LYMPHIR as a combination immunotherapy." "These accomplishments reflect the dedication of our team and the trust of our investors. As we look ahead, we remain steadfast in our mission to develop innovative therapies that improve the lives of cancer patients worldwide," added Mazur. FULL YEAR 2024 FINANCIAL RESULTS: Research and Development (R&D) Expenses R&D expenses were $4.9 million for the full year ended September 30, 2024 , compared to $4.2 million for the full year ended September 30, 2023 . The increase reflects development activities completed for the resubmission of the Biologics License Application of LYMPHIR in January 2024 , which were associated with the complete response letter remediation. General and Administrative (G&A) Expenses G&A expenses were $8.1 million for the full year ended September 30, 2024 , compared to $5.9 million for the full year ended September 30, 2023 . The increase was primarily due to costs associated with pre-commercial and commercial launch activities of LYMPHIR including market research, marketing, distribution and drug product reimbursement from health plans and payers. Stock-based Compensation Expense For the full year ended September 30, 2024 , stock-based compensation expense was $7.5 million as compared to $2.0 million for the prior year. The primary reason for the $5.5 million increase was due to the amounts being realized over 12 months in the year ended September 30, 2024 , as compared to three months post-plan adoption in the year ended September 30, 2023 . Net loss Net loss was $21.1 million , or ($0.31) per share for the year ended September 30, 2024 , compared to a net loss of $12.7 million , or ($0.19) per share for the year ended September 30, 2023 . The $8.5 million increase in net loss was primarily due to the increase in our operating expenses. About Citius Oncology, Inc. Citius Oncology specialty is a biopharmaceutical company focused on developing and commercializing novel targeted oncology therapies. In August 2024 , its primary asset, LYMPHIR, was approved by the FDA for the treatment of adults with relapsed or refractory CTCL who had had at least one prior systemic therapy. Management estimates the initial market for LYMPHIR currently exceeds $400 million , is growing, and is underserved by existing therapies. Robust intellectual property protections that span orphan drug designation, complex technology, trade secrets and pending patents for immuno-oncology use as a combination therapy with checkpoint inhibitors would further support Citius Oncology's competitive positioning. Citius Oncology is a publicly traded subsidiary of Citius Pharmaceuticals. For more information, please visit www.citiusonc.com Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are made based on our expectations and beliefs concerning future events impacting Citius Oncology. You can identify these statements by the fact that they use words such as "will," "anticipate," "estimate," "expect," "plan," "should," and "may" and other words and terms of similar meaning or use of future dates. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated, and, unless noted otherwise, that apply to Citius Oncology are: our ability to raise additional money to fund our operations for at least the next 12 months as a going concern; our ability to commercialize LYMPHIR and any of our other product candidates that may be approved by the FDA; the estimated markets for our product candidates and the acceptance thereof by any market; the ability of our product candidates to impact the quality of life of our target patient populations; our dependence on third-party suppliers; our ability to procure cGMP commercial-scale supply; risks related to research using our assets but conducted by third parties; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; uncertainties relating to preclinical and clinical testing; market and other conditions; risks related to our growth strategy; patent and intellectual property matters; our ability to identify, acquire, close and integrate product candidates and companies successfully and on a timely basis; government regulation; competition; as well as other risks described in our Securities and Exchange Commission ("SEC") filings. These risks have been and may be further impacted by any future public health risks. Accordingly, these forward-looking statements do not constitute guarantees of future performance, and you are cautioned not to place undue reliance on these forward-looking statements. Risks regarding our business are described in detail in our SEC filings which are available on the SEC's website at www.sec.gov , including in Citius Oncology's Annual Report on Form 10-K for the year ended September 30, 2024 , filed with the SEC on December 27, 2024 , as updated by our subsequent filings with the SEC. These forward-looking statements speak only as of the date hereof, and we expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. Investor Contact: Ilanit Allen ir@citiuspharma.com 908-967-6677 x113 Media Contact: STiR-communications Greg Salsburg Greg@STiR-communications.com -- Financial Tables Follow – CITIUS ONCOLOGY, INC. CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2024 AND 2023 2024 2023 Current Assets: Cash and cash equivalents $ 112 $ — Inventory 8,268,766 — Prepaid expenses 2,700,000 7,734,895 Total Current Assets 10,968,878 7,734,895 Other Assets: In-process research and development 73,400,000 40,000,000 Total Other Assets 73,400,000 40,000,000 Total Assets $ 84,368,878 $ 47,734,895 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 3,711,622 $ 1,289,045 License payable 28,400,000 — Accrued expenses — 259,071 Due to related party 588,806 19,499,119 Total Current Liabilities 32,700,429 21,047,235 Deferred tax liability 1,728,000 1,152,000 Note payable to related party 3,800,111 — Total Liabilities 38,228,540 22,199,235 Stockholders' Equity: Preferred stock - $0.0001 par value; 10,000,000 shares authorized: no shares issued and outstanding — — Common stock - $0.0001 par value; 100,000,000; 71,552,402 and 67,500,000 shares issued and outstanding at September 30, 2024 and 2023, respectively 7,155 6,750 Additional paid-in capital 85,411,771 43,658,750 Accumulated deficit (39,278,587) (18,129,840) Total Stockholders' Equity 46,140,339 25,535,660 Total Liabilities and Stockholders' Equity $ 84,368,878 $ 47,734,895 CITIUS ONCOLOGY, INC. CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023 2024 2023 Revenues $ — $ — Operating Expenses: Research and development 4,925,001 4,240,451 General and administrative 8,148,929 5,915,290 Stock-based compensation – general and administrative 7,498,817 1,965,500 Total Operating Expenses 20,572,747 12,121,241 Loss before Income Taxes (20,572,747) (12,121,241) Income tax expense 576,000 576,000 Net Loss $ (21,148,747) $ (12,697,241) Net Loss Per Share – Basic and Diluted $ (0.31) $ (0.19) Weighted Average Common Shares Outstanding – Basic and Diluted 68,053,607 67,500,000 CITIUS ONCOLOGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023 2024 2023 Cash Flows From Operating Activities: Net loss $ (21,148,747) $ (12,697,241) Adjustments to reconcile net loss to net cash provided by operating activities: Stock-based compensation expense 7,498,817 1,965,500 Deferred income tax expense 576,000 576,000 Changes in operating assets and liabilities: Inventory (2,133,871) - Prepaid expenses (1,100,000) (5,044,713) Accounts payable 2,422,577 1,196,734 Accrued expenses (259,071) (801,754) Due to related party 14,270,648 14,805,474 Net Cash Provided By Operating Activities 126,353 - Cash Flows From Investing Activities: License payment (5,000,000) - Net Cash Used In Investing Activities (5,000,000) - Cash Flows From Financing Activities: Cash contributed by parent 3,827,944 - Merger, net (2,754,296) - Proceeds from issuance of note payable to related party 3,800,111 - Net Cash Provided By Financing Activities 4,873,759 - Net Change in Cash and Cash Equivalents 112 - Cash and Cash Equivalents – Beginning of Year - - Cash and Cash Equivalents – End of Year $ 112 $ - Supplemental Disclosures of Cash Flow Information and Non-cash Activities: IPR&D Milestones included in License Payable $ 28,400,000 $
LAHORE: The Punjab government extended the imposition of section 144 across the province for three more days amid the Pakistan Tehreek-e-Insaf (PTI) protest in Islamabad, ARY News reported. According to a notification issued here, the restrictions have been imposed from November 26 to 28, aimed at addressing security concerns and maintain law and order. According to the notification, the decision to implement Section 144 was made for the establishment of law and order, protection of human lives and property. According to a spokesperson, all political gatherings, protests, sit-ins, and similar activities are strictly prohibited under this order. The government maintained that the potential risks associated with public assemblies, which could become targets for terrorist attacks. The Punjab Home Department has issued an official notification regarding the restrictions. Authorities stress the necessity of ensuring public safety and protecting human lives and property during this period. Read More: PTI founder, workers booked in Nov 24 protest case in Faisalabad Earlier on November 25, a case had been registered at Ghulam Mehmoodabad Police Station in Faisalabad against the PTI founder, Imran Khan and 45 workers. FIR filed on the complaint of Sub-Inspector Ashfaq includes 13 charges, including terrorism, vandalism, and damaging public property. The FIR also mentions resistance against police and anti-government slogans during the protest. PTI protesters allegedly attacked police officers and personnel with sticks, according to the complaint. 35 protesters have been arrested, while others managed to flee. Further investigations are underway. The PTI workers on the call of Imran Khan staged a protest on November 24, while violent clashes were also reported from parts of the country as PTI workers tried to remove the containers.Chicago weather: Frigid weekend brings coldest weather since JanuaryTrump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office
Previous:
