Breeze Holdings Acquisition Corp., a publicly traded special purpose acquisition company, and D-Orbit, a space logistics and transportation company, announced that the companies have mutually agreed to terminate their previously announced merger agreement, effective immediately. "Since the outset of our discussions with D-Orbit over a year ago, we have continued to believe in the Company's unique value proposition and the innovation inherent in their solutions," said J. Douglas Ramsey, Ph.D., Chairman and CEO of Breeze Holdings. "However, the financial markets have changed substantially, and we believe that terminating our merger is in the best interest of both D-Orbit and Breeze shareholders. On behalf of Breeze, we wish Luca and the D-Orbit team the best of luck and look forward to cheering on their continued successes. As we look ahead, we remain focused on identifying another value creating opportunity for Breeze shareholders."

In a regulatory filing, Intra-Cellular director Joel Marcus disclosed the sale of 10,000 common shares of the company on August 11 at a price of $59.22 per share.

The Board of Directors declared a regular dividend distribution of 35.7c per share for the second quarter, an increase of 20% from the 29.75c per share of the first quarter. This dividend will be payable on September 6 to stockholders of record on August 22. The Board also authorized the company to repurchase an additional $500M of shares of its common stock under its existing share repurchase program. As of August 12, approximately 9.8M shares of common stock had been acquired at an aggregate purchase price of approximately $600M since the inception of its initial share repurchase program in 2011. After the expansion of the size of the current program, and as of August 12, an aggregate of approximately $550M will be available for purchase under the program.

Algoma Steel announced that United Steelworkers Local 2251 have agreed to take the company's last offer to a vote by employees in the affected bargaining unit. Operations will continue in the ordinary course during the voting process, and the Union has agreed to provide advance notice to the company to allow for a safe and orderly shutdown of operations in the event the Union instructs employees to go on strike. Algoma President and Chief Executive Officer Michael Garcia commented. "We respect the collective bargaining process and are pleased that our employees will have their say on a matter of such critical importance to their livelihoods, the lives of their families, and fellow community members. The Company has offered a non-concessionary, top-of-market wage and benefit package which includes a 5.5% wage increase, continuation of COLA, significant improvements in pensions and benefits for employees, and enhanced retiree benefits over a four-year term that delivers the stability needed to ensure a successful transition to electric arc steelmaking. A signing bonus is also included contingent upon no disruption to operations and uninterrupted shipments to our customers."