Aptevo Therapeutics Secures $60 Million Equity Line of Credit to Support Multispecific Portfolio Advancement, Increase Strategic Optionality

Aptevo Therapeutics (NASDAQ:APVO) said it will induce holders to exercise existing common warrants for cash at a $4.03 exercise price, issuing inducement warrants for up to 1,274,610 shares. Separately, it plans a PIPE selling up to 861,708 shares (or pre-funded warrants) plus common warrants for up to 4,308,540 shares, also at $4.03. Gross proceeds total about $4.5 million, for working capital.

Aptevo Therapeutics (Nasdaq:APVO) and Niowave announced a 50/50 strategic collaboration to develop up to three radiopharmaceutical oncology programs. Aptevo will supply multispecific targeting assets starting with Nectin-4; Niowave will provide radioisotopes and manufacturing, including Actinium-225. At closing, Niowave made an at-the-market equity investment for a 7.9% stake, potentially rising to 19.99% via warrant exercises.

Brinker International reported continued Chili’s same-store sales growth for the fiscal year ended June 24, with 5% same-store sales growth driven mainly by Chili’s. Chili’s same-store sales rose 5.6%, helped by 4.3% pricing and a smaller traffic gain. Brinker posted Q4 revenues of $1.52B and net income of $131.1M, and FY revenues of $5.75B and net income of $487M.

Australia’s Labor government announced a $2.5 billion, 10-year bailout for the Tomago aluminium smelter, funded by federal and NSW taxpayers, with a $1.1 billion upgrade facility planned by Rio Tinto. Tomago employs about 1,000 people and uses around 12% of NSW electricity demand. The PM said it would keep operating beyond Dec. 31, 2028.

Greenland Energy Company (NASDAQ: GLND) said its JV partner 80 Mile plc (AIM: 80M) reported that Greenland’s permitting process for the company’s Greenland oil project is more complex, requiring a more extensive review. The partners target a winter 2027 permit timeline. The article also notes GLND shares fell to under $2 in after-hours and 80M shares dropped about 23.6% intraday.

India’s Defence Ministry issued a tender worth about Rs 1 lakh crore to buy 60 multirole transport aircraft for the Indian Air Force, according to Defence officials cited by ANI. Bidders include HAL, Tata and Mahindra. Mahindra Defence with Embraer offers the C-390, while Tata with Lockheed Martin offers the C-130. Some aircraft would be delivered fly-away, others built in India with high indigenous content.