NASDAQ SUCCESSFULLY LISTS 90 SPAC IPOS, RAISING A TOTAL OF $15.3B

NEW YORK, Sept 5 (Bernama-GLOBE NEWSWIRE) -- Nasdaq extends market leadership in Special Purpose Acquisition Companies (SPACs) initial public offerings (IPOs) with 90 SPAC IPOs. Since the adoption of new listing rules in 2011, Nasdaq has consistently been the exchange of choice for SPACs, attracting 96% of all SPAC IPOs listing on a national exchange.

Thus far in 2017, Nasdaq has welcomed 18 SPAC IPOs, which eclipses the 13 SPAC IPOs that took place in 2016. The average proceeds raised amongst those deals in 2017 has been $254M, which would represent the largest annual average deal size on record. Top listings for 2017 include Silver Run Acquisition II (SRUN) / $900M, Vantage Energy Acquisition (VEAC) / $480M, Federal Street Acquisition (FSAC) / $400M, Gores Holdings II (GRSH) / $375M and Kayne Anderson Acquisition (KAAC) / $350M.

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GRIDSUM WON THE GOVERNMENT CONTRACT FOR THE REMOTE TRIAL SERVICE OF BEIJING INTELLECTUAL PROPERTY COURT

BEIJING, Sept 5 (Bernama-GLOBE NEWSWIRE) -- Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics, machine learning, and artificial intelligence solutions in China, won the government contract for the Remote Trial Service Information Construction Project of Beijing Intellectual Property Court, according to the official announcement of Beijing Municipal Bureau of Finance about government procurement on August 21, 2017. It is another major achievement for Gridsum's legal services business after the Intellectual Property Case Study Guidance and Service Platform jointly developed by Beijing Intellectual Property Law Association and Gridsum. It also indicates that Gridsum continues to be a key software solution provider in China's Smart Court initiative.

The Remote Trial Service forms part of Gridsum's comprehensive suite of legal solutions targeted at courts, prosecutors, law firms and others within the judicial ecosystem. Gridsum's broader legal solutions suite continues to see substantial growth, ahead of the company's expectations.

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XEHAR USES DATA TO PUT THE SMART IN THEIR SMART PHONE APP

Focusing on data analytics and strategic partnerships, the Xehar App looks to create a seamless shopping experience for users by connecting to other social apps and shopping platforms.

PLAYA VISTA, Calif., Sept 5 (Bernama-GLOBE NEWSWIRE) -- Today, Xehar Inc. releases more information about how they plan to use data, strategic integrations and algorithms in their mobile application to enhance the user experience. Developed for iOS and Android users, Xehar is creating a new mobile shopping platform that has never been seen before.

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TACONIC BIOSCIENCES SPONSORS CUSTOM MODEL TO SUPPORT KABUKI SYNDROME, A RARE DISORDER CAUSING INTELLECTUAL DISABILITY

HUDSON, N.Y., Sept 5 (Bernama-GLOBE NEWSWIRE) -- Taconic Biosciences, a global leader in genetically engineered rodent models and associated services, is funding the development of a custom mouse model to study Kabuki syndrome, a rare genetic disorder. Taconic is donating model generation services as a third-time sponsor of the Rare Disease Science Challenge, BeHEARD. Hosted by the Rare Genomics Institute, the Rare Disease Science Challenge is an annual event in which industry sponsors donate services to accelerate rare disease research.

Characterized by mild to moderate intellectual disability, stunted growth, immune dysregulation, and hearing loss, Kabuki syndrome is caused by mutations in the KMT2D or KDM6A genes. Taconic will use CRISPR/Cas 9 gene editing technology to develop the first Kmt2d missense mouse model of Kabuki syndrome and generate a cohort of mice for study. In parallel, Taconic will cryopreserve and store the mouse line.

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A.M. BEST COMMENTS ON CREDIT RATINGS OF SOMPO JAPAN NIPPONKOA INSURANCE INC.

HONG KONG, Sept 5 (Bernama-BUSINESS WIRE) -- A.M. Best has commented that the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of Sompo Japan Nipponkoa Insurance Inc. (SJNK) (Japan) remain unchanged following its announced sale of Sompo Canopius AG (Canopius) (Switzerland).

This commentary follows SOMPO Holdings, Inc.’s (Sompo) announcement on Sept. 1, 2017, that its wholly owned subsidiary, SJNK, has entered an agreement to sell 100% of its shares in Canopius to Fortuna Holdings Limited, an affiliate of Centerbridge Partners, L.P. (Cayman Islands).

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WESTCON-COMSTOR COMPLETES SALE OF ITS AMERICAS BUSINESSES TO SYNNEX

Transaction creates a unified-to-market structure that benefits vendors and solution providers through unparalleled reach, scale and efficiency

TARRYTOWN, N.Y., Sept 5 (Bernama-GLOBE NEWSWIRE) -- Westcon-Comstor announced today that its parent company, Datatec Limited, has completed the sale of its North America and Latin America distribution business (“Americas”), as well as a minority share in its Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC) business, to SYNNEX Corporation (NYSE:SNX), a Fremont, California-based company.

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SNAPSHOT MILLIONAIRE SHOOTS FOR $1.1 MILLION USD PHOTOGRAPHY COMPETITION

PERTH, Australia, Sept. 5, 2017/Medianet International-AsiaNet/ --

Embargo 1st Sept

Aussie startup company Snapshot Millionaire aims to give away more than $1 Million dollars in what's expected to be the richest amateur photography competition the world has ever seen.

At $2 USD for each photo entered and multiple entry discounts, the contestant funded First Prize alone tops out at an expected $1 Million dollars.

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