Connect with us

Technology

TransMedics Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

Published

on

ANDOVER, Mass., May 27, 2025 /PRNewswire/ — TransMedics Group, Inc. (“TransMedics”) (Nasdaq: TMDX), a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart, and liver failure, today announced that on May 21, 2025, TransMedics granted non-qualified stock options to purchase an aggregate of 9,940 shares of its common stock and an aggregate of 6,670 restricted stock units to 15 employees, each as a material inducement for each employee’s entry into employment with TransMedics. The grants were approved by the Compensation Committee of the TransMedics Board of Directors and were granted in accordance with Nasdaq Listing Rule 5635(c)(4) and pursuant to the TransMedics Group, Inc. Inducement Plan.

TransMedics granted non-qualified stock options to purchase 9,940 shares of TransMedics’ common stock and 6,670 restricted stock units in the aggregate. The stock options were granted with a per share exercise price of $121.31, the closing price of the common stock on the Nasdaq Global Market on May 21, 2025. Twenty-five percent of the shares subject to each option will vest on the first yearly anniversary of the date of the employee’s start of employment, with the remainder vesting in equal monthly installments over the subsequent three year period, subject to the employee’s continued service with the Company through the applicable vesting date. The options have a 10-year term and are subject to the terms of the TransMedics Group, Inc. Inducement Plan. Twenty-five percent of each restricted stock unit award will vest on the first four anniversaries of the date of the employee’s start of employment, subject to the employee’s continued service with the Company through the applicable vesting date. The restricted stock units are subject to the terms of the TransMedics Group, Inc. Inducement Plan.

About TransMedics Group, Inc.
TransMedics is the world’s leader in portable extracorporeal warm perfusion and assessment of donor organs for transplantation. Headquartered in Andover, Massachusetts, the company was founded to address the unmet need for more and better organs for transplantation and has developed technologies to preserve organ quality, assess organ viability prior to transplant, and potentially increase the utilization of donor organs for the treatment of end-stage heart, lung, and liver failure.

Investor Contact:
Brian Johnston
Laine Morgan
332-895-3222
Investors@transmedics.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/transmedics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-302466028.html

SOURCE TransMedics Group, Inc.

Continue Reading

Technology

From Indian farms to American kitchens: BharatRohan takes its drone monitored spices to the US

Published

on

By

BSE SME listed precision agriculture firm to launch in Q1 2027; every jar carries a QR code tracing its spice to the farm and lab report

NEW DELHI, Nov. 11, 2026 /PRNewswire/ — BharatRohan Airborne Innovations Limited (“BharatRohan” or “the Company”), listed on BSE (SME) (BSE: 544535), today announced its entry into the United States through its step-down subsidiary, BharatRohan Inc. BharatRohan Inc. will launch a traceable, lab-tested spice range under the “BharatRohan” brand in Q1 2027, starting on Amazon and its own website.

BharatRohan Inc., incorporated in Delaware, is a wholly owned subsidiary of Groeigids B.V., the Netherlands, which is wholly owned by the Company.

The market opportunity

The United States imported spices worth about USD 2.1 billion in 2024, and India supplied about USD 374 million of that, or 18%. India is the dominant source for two of the staples in BharatRohan Inc.’s launch range:

U.S. spice imports, 2024

Value (USD million)

India’s share

All spices (total addressable market)

2,126

—

Imports from India (serviceable market)

374

18 %

Cumin seed

82

85 %

Turmeric

56

67 %

Dried chillies and paprika

613

22 %

Source: World Bank, World Integrated Trade Solution (WITS), UN Comtrade data, U.S. imports by
partner, 2024. Total covers HS 0904–0910 lines reported by WITS.

India is also the world’s leading spice exporter. It exported spices worth USD 4.72 billion in 2024–25 (Spices Board India), and the United States was its second-largest destination (Ministry of Commerce and Industry, via PIB).

Why traceability matters in the U.S.

Food safety is a live concern for U.S. buyers. The U.S. Food and Drug Administration (FDA) has found Salmonella in 6.6% of imported spice shipments it sampled, and since 2024 has warned consumers about elevated lead levels in more than 20 ground cinnamon products. U.S. importers are also required to verify the safety of their foreign suppliers under the FDA’s Foreign Supplier Verification Program.

What BharatRohan brings

Farm-level data: the Company works with more than 58,000 farmers across over 2.6 lakh acres through its SourceAssure® platform, monitoring crops with drones through the growing season.Tested every batch: each batch is tested by NABL-accredited laboratories for pesticide residues against EU Maximum Residue Limits, microbiology and heavy metals.Proof on every jar: a QR code links each jar to its certificate of analysis and the farm where the spice was grown.Certified processing: the Company’s India processing unit is undergoing FSSC 22000 certification, a scheme recognised by the Global Food Safety Initiative, expected in December 2026.Already operational in India: the same farm-to-pack model is already running in India, where the Company sells traceable, lab-tested spices directly to consumers through its SafeAssure store (safeassure.bharatrohan.in). BharatRohan Inc. extends this working model to the United States.

Launch plan

BharatRohan Inc. will launch with eight to twelve single-origin staples, including turmeric and cumin, alongside signature blends. Sales will begin on Amazon and the company’s own website in Q1 2027, followed by B2B ingredient supply, natural and specialty retail, and later conventional grocery and foodservice. Product will be sourced, tested and processed by the Company in India, giving its farmer network and processing plant a dedicated route to U.S. consumers.

Management comment

Amandeep Panwar, Chairman and Managing Director, BharatRohan Airborne Innovations Limited, said:

“For ten years we have worked alongside our farmers to grow better crops and prove it with data. Bringing that proof to American families is a proud moment for our farmers and our company.

Our model starts at the farm. Through SourceAssure®, we buy directly from the farmers we work with, after monitoring their crops through the season under CropAssure® Program and testing every batch. We hold that inventory in India, close to where it is grown, and process and pack it in our own facility. That gives us control over quality, timing and cost at every step, and fewer hands between the farmer and the shelf.

Until now, much of what we sourced was sold in bulk to other brands, which captured most of the value. With BharatRohan Inc., we sell the same verified product under our own brand to U.S. consumers and businesses who value proof of origin and safety. Moving from bulk supply to branded sales lets us earn more from every kilogram we source. Over time, that strengthens the Company’s margins, and it lets us return more of that value to our farmers.”

About BharatRohan Airborne Innovations Limited

BharatRohan Airborne Innovations Limited (BSE SME: 544535) is an Indian agri-tech company founded in 2016. It uses drone-based hyperspectral imaging and data analytics to improve crop quality, optimise yield and raise farmer incomes. Through its CropAssure® and SourceAssure® platforms, the Company works with more than 58,000 farmers across over 2.6 lakh acres. It monitors crops from pre-sowing to harvest, buys produce directly from farmers, and supplies traceable, residue-tested spices and agricultural produce to corporate buyers and to consumers in India. Its U.S. step-down subsidiary, BharatRohan Inc., is launching a traceable, lab-verified spice brand in the United States.

For more information, visit www.bharatrohan.in.

Forward-looking statements: Statements in this release about the U.S. launch, product range, certification and channel plans are forward-looking and subject to risks and uncertainties; actual results may differ materially. The Company undertakes no obligation to update them, except as required by law.

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/from-indian-farms-to-american-kitchens-bharatrohan-takes-its-drone-monitored-spices-to-the-us-302936293.html

Continue Reading

Technology

Yubi and Protean eGov Technologies join forces to integrate India’s trusted digital rails into the credit lifecycle

Published

on

By

Collaboration brings together Protean’s trusted identity and data capabilities and Yubi’s lending platforms, aiming for faster onboarding, sharper underwriting and a seamless digital experience for lenders and borrowers across India

MUMBAI, India, Nov. 11, 2026 /PRNewswire/ — Yubi, the AI-powered operating system for financial services, and Protean eGov Technologies Limited, India’s most trusted digital infrastructure, announced a collaboration to bring trusted digital identity, KYC and data capabilities into the heart of lending across India. The aim is faster customer onboarding, better-informed underwriting and a seamless digital experience for lenders and borrowers alike.

India’s credit story is one of real progress, but visibility remains a gap. A recent report[1] found that only 28% of Indian adults (aged 18-60) are credit-active, and another[2] estimated a formal MSME credit gap of over ₹60 lakh crore, in part because lenders have limited access to verified information on how these businesses operate. Closing that gap depends on giving lenders reliable, verified signals on who a borrower is and how their finances work, at the point of decision.

Commenting on the collaboration, Gaurav Kumar, Founder & CEO, Yubi Group, said, “India has built world-class digital public infrastructure, yet lenders still make too many credit decisions without a clear view of who the borrower is. That gap is a big part of what keeps first-time borrowers and small businesses outside the formal system. Protean’s trusted identity and data capabilities, combined with the lending infrastructure Yubi provides to banks and lenders, can help close it. Our aim is to give lenders the confidence to say yes more often, and to give borrowers a faster, fairer and more transparent path to credit, at national scale. That is how we deepen India’s debt market and expand credit accessibility.”

Protean brings trusted identity, verification and data capabilities built for population scale. Yubi, which has facilitated over ₹3.2 lakh crore in credit, brings the lending infrastructure that banks and other lenders run on.

Commenting on this partnership, Mr. Ajay Rajan, MD & CEO, Protean eGov Technologies Limited, said, “Digital Public Infrastructure can be a powerful catalyst for transforming India’s lending ecosystem. Our collaboration with Yubi brings together Protean’s expertise in building trusted, scalable digital infrastructure and Yubi’s technology-led lending platform to simplify lending journeys, strengthen digital trust and drive greater operational efficiency. We see this partnership as an opportunity to translate DPI capabilities into tangible business value and accelerate innovation across the financial services ecosystem’ at scale.” 

India’s credit growth won’t be limited by capital. It will be limited by how fast and how safely a lender can know a borrower. Together, Protean’s comprehensive public rails (identity, KYC, consent, eSign) and Yubi’s cutting-edge lending stack remove that friction at four moments that decide a loan’s economics:

Onboard in minutes, not days. Verified identity, KYC and consent are embedded in the journey for individuals and MSMEs. Lower drop-off, lower cost to acquire.Know once, reuse everywhere. CKYC search at onboarding, updates reported back, digital re-KYC, plus portable KYC and documents across co-lending partners. A compliance cost becomes a shared asset.Underwrite on real cash flows. Consented bank statements and ITRs, analysed automatically, give lenders a truer view of how a borrower earns. Better approvals for borrowers and MSMEs with limited credit histories, with sharper risk selection.Close digitally, disburse faster. Agreements, sanction letters and security documents signed and stamped online. Fewer handoffs, faster time-to-cash, a cleaner audit trail.

For borrowers, the aim is a faster, more transparent onboarding and documentation experience, and a fairer chance at credit for new-to-credit customers, small businesses and others still outside the formal system.

Highlighting Protean and Yubi’s differentiation – trust infrastructure meets lending infrastructure, Mr. Rakesh Dosi, Chief Business & Product Officer, Protean eGov Technologies Limited, said, “One platform, one verified borrower, from first click to final signature, built on public rails and scaled by private innovation will be a game changer.”

The collaboration will be carried out within India’s regulatory and consent-based frameworks and in line with applicable laws, including data protection laws, with data privacy and security as a priority.

About Yubi Group

Yubi Group is the world’s only AI-powered operating system (OS) for financial services, founded in 2020 by CEO Gaurav Kumar. The Group comprises YuVerse, Accumn, Spocto X, YuCollect, Yubi Wealth – subsidiaries that together deliver end-to-end AI-based solutions in lending, underwriting, collections and wealth management. Backed by leading investors including Peak XV, Insight Partners, Lightspeed, B Capital Group, Dragoneer, and TVS Capital, Yubi has facilitated over ₹3.2 lakh crore in credit and 3.5 crore transactions, serving 17,000+ enterprises and 6,200+ investors & lenders while reducing collections costs by 57%. The company is redefining transparency, compliance, and performance across India’s financial services sector. Visit www.go-yubi.com to learn more.

About Protean eGov Technologies

Incorporated in December 1995, Protean eGov Technologies Limited is engaged in the business of developing citizen-centric and population-scale e-governance solutions. Protean is an information technology-enabled solutions company conceptualizing, developing, and executing critical and population-scale greenfield technology solutions. The company collaborates with the Indian government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions. 

This press release may contain forward-looking statements relating to anticipated future events, business prospects, operational outcomes, and strategic initiatives. Actual results may differ materially from those expressed or implied due to various risks, uncertainties, regulatory developments, and other factors beyond the control of the parties. Neither party undertakes any obligation to update such statements.

[1] https://www.transunioncibil.com/content/dam/transunion-cibil/corporate/documents/Unlocking-Access-Digital-Report-New-Final.pdf [2] https://www.bain.com/globalassets/noindex/2026/bain_report_indias_next_growth_frontier_b2b_commerce_payments_and_credit.pdf 

 

 

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/yubi-and-protean-egov-technologies-join-forces-to-integrate-indias-trusted-digital-rails-into-the-credit-lifecycle-302936295.html

Continue Reading

Technology

Novo Tellus statement regarding ISDN Holdings

Published

on

By

SINGAPORE, Nov. 11, 2026 /PRNewswire/ — Novo Tellus has received enquiries following our recent reduction in shareholding in ISDN Holdings Limited (SGX: I07; HKEX: 1656), as disclosed in our substantial shareholder notifications filed with the SGX and HKEX in the last two months.

Novo Tellus invests in companies with strong fundamentals, good leadership, and long-term growth opportunities in attractive markets. We work with companies with the aim of clarifying strategy, supporting business focus, and building sustainable growth.

We are proud of our partnership with ISDN and the ongoing accomplishments of ISDN’s Managing Director and President, Mr Teo Cher Koon (CK Teo), and his team. In ISDN’s interim results announcement dated 14 August 2026, Mr. Teo highlighted the broad-based demand ISDN is seeing across diversified growth and long-term prospects, as well as ISDN’s momentum in expanding markets and capitalising on long-term automation demand.

In its 1H2026 results, ISDN also noted that its “order book has more than doubled from a year ago”, and that “favourable industry tailwinds continue to support the Group’s long-term business growth in industrial automation and renewable energy businesses”.

Novo Tellus’ decision to sell shares was driven by fund management considerations, and does not reflect a change in its views of ISDN, its markets, or its management team.

Nothing in this statement is a recommendation to buy, sell or hold ISDN shares. Novo Tellus may trade in ISDN’s shares from time to time in the ordinary course as part of fund management. Shareholders and potential investors are advised to exercise caution when dealing in ISDN shares, and should consult stockbrokers, bank managers and other professional advisers in case of doubt.

www.novotellus.com

View original content:https://www.prnewswire.com/apac/news-releases/novo-tellus-statement-regarding-isdn-holdings-302936264.html

SOURCE Novo Tellus Capital Partners

Continue Reading

Trending