Day: December 20, 2019

San Antonio, TX, Dec. 20, 2019 (GLOBE NEWSWIRE) — U.S. Global Investors, Inc. announces that five of the mutual funds it manages will pay 2019 income dividend or capital gains distributions.The record date is December 18, 2019, the ex-dividend date is December 19, 2019, and the payable date is December 20, 2019.Shareholders should be aware that the distributions of dividends and/or capital gains will reduce each fund’s net asset value (NAV) by the amount of the distribution. Market activity may also impact a fund’s NAV on the ex-dividend date, so the total change in a fund’s NAV may be more or less than its distribution.Shareholders with automatic reinvestment will receive their distribution in the form of additional shares at the closing prices on December 19, 2019, while others will receive their distribution by...

St. Louis, Dec. 20, 2019 (GLOBE NEWSWIRE) — ESCO Technologies Inc. (NYSE: ESE) announced today that Gary Muenster, Executive Vice President & CFO, will make a Company presentation on Tuesday, January 14, at the 22nd Annual Needham Growth Conference in New York City.  The presentation will highlight the Company’s operations.A live audio webcast of the presentation will be available on the Company’s website (www.escotechnologies.com) at approximately 2:10 p.m. Eastern Time.  A replay will remain on the site through January 21.  Visuals presented will also be available on the Company’s website by accessing the “Company Presentation” link.ESCO, headquartered in St. Louis, Missouri: Manufactures highly-engineered filtration and fluid control products for the aviation, navy, space and process...

HAMILTON, Bermuda, Dec. 20, 2019 (GLOBE NEWSWIRE) — Hermitage Offshore Services Ltd. (the “Company”) announced today that it has sold an aggregate of 3,143,709 additional common shares under its previously announced equity line of credit for $1.11334 per share and aggregate net proceeds of $3.5 million.  The net proceeds of this issuance are expected to be used for general corporate purposes.  The Company has 25,661,915 common shares outstanding after giving effect to this transaction.This press release does not constitute an offer to sell or the solicitation of an offer to buy common shares of the Company, nor shall there be any sale of common shares in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful. The common shares have not been, and will...

HOUSTON, Dec. 20, 2019 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced the closing of the previously announced private offering by Archrock Partners, L.P. (“Archrock Partners”), a wholly-owned subsidiary of Archrock, of $500 million aggregate principal amount of 6.250% senior notes due 2028 (the “Notes”).  Archrock Partners Finance Corp., a wholly-owned subsidiary of Archrock Partners, is the co-issuer of the Notes.  Archrock Partners intends to use the net proceeds of the sale of the Notes to partially repay outstanding borrowings under its revolving credit facility and for general partnership purposes.The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless...

Hamilton, Bermuda, December 20, 2019 – Seadrill Limited (“Seadrill”) has secured a multiple well contract with Vår Energy AS for the West Phoenix for work on the Balder re-development project in Norway. Total contract value for the firm portion of the contract is expected to be approximately $302 million with commencement expected at the end of 2Q 2021 and running through 3Q 2023. In addition to the base rate a well based performance bonus mechanism is included in the award giving potential for incremental revenue.  The contract is subject to authority approval of the Balder Future plan for development and operations (PDO). FORWARD LOOKING STATEMENTSThis news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about...

NEW YORK, Dec. 20, 2019 (GLOBE NEWSWIRE) — Pzena Investment Management, Inc. (NYSE: PZN) provides preliminary information related to the anticipated financial impact of one-time events. During December 2019 and the first quarter of 2020, we intend to issue approximately 5.4 million unit-based awards to a number of the firm’s key contributors pursuant to the terms of our equity incentive plans.  As a result of these issuances, in addition to costs related to certain employee departures and other one-time items, the firm will recognize approximately $25 million in non-recurring Compensation and Benefits expense in the fourth quarter of 2019 based on the current share price.  Most of this cost is non-cash and the exact amount of such expense will be a function of the closing price on the date of issuance.We...

SEATTLE, Dec. 20, 2019 (GLOBE NEWSWIRE) — Neoleukin Therapeutics, Inc. (“Neoleukin”) (Nasdaq: NLTX), a biopharmaceutical company utilizing sophisticated computational methods to design de novo protein therapeutics, today announced the closing of its public offering of 10,263,750 shares of its common stock at a public offering price of $8.40 per share, which includes the exercise in full of the underwriters’ option to purchase 1,338,750 shares of common stock.The aggregate gross proceeds to Neoleukin, before deducting underwriting discounts and commissions and estimated offering expenses payable by Neoleukin, were approximately $86.2 million.BofA Securities, Piper Jaffray and Guggenheim Securities acted as joint book-running managers for the offering. Canaccord Genuity acted as lead manager for...

DALLAS, TX, Dec. 20, 2019 (GLOBE NEWSWIRE) — Envela Corporation (NYSE American: ELA) (“Envela” or the “Company”) announced today that it will be presenting at the Sidoti & Company Spring 2020 Investor Conference on March 26th at the Marriott Marquis in Times Square, NY. The conference attracted over 650 registered institutional investors last year.About EnvelaEnvela and its subsidiaries engage in diverse business activities within the recommerce sector. These include one of the nation’s premier authenticated recommerce retailers of luxury hard assets; end-of-life asset recycling; data destruction and IT asset management; and providers of products, services and solutions to industrial and commercial companies.Envela operates primarily via two business segments. Through DGSE, LLC, the Company will...

HANOVER, MD, Dec. 20, 2019 (GLOBE NEWSWIRE) — Processa Pharmaceuticals, Inc. (OTCQB: PCSA), a clinical stage biopharmaceutical company developing products to improve the survival and/or quality of life for patients who have a high unmet medical need condition, announced today that it will implement a 1-for-7 reverse stock split of its common stock, following the approval of the reverse stock split by the Company’s majority stockholder on November 7, 2019. The Company filed an amendment to its Certificate of Incorporation on December 19, 2019 to effect the reverse stock split on December 23, 2019. The reverse stock split became effective at 12:01 a.m. on December 23, 2019. Beginning with the opening of trading on December 23, 2019, the Company’s common stock will continue to trade on the OTCQB on a split-adjusted...

Third Quarter Fiscal 2020 Highlights versus Third Quarter Fiscal 2019: Revenues declined to $4.9 million from $5.8 millionAdjusted EBITDA decreased to $1.7 million from $2.6 millionNet loss from continuing operations of $6.8 million compared to a net gain of $0.1 millionSG&A expenses remained flat at $3.2 million and reduced 13% year-over-year for the first nine months of Fiscal 2020, as compared to the same time period in Fiscal 2019Annual guidance reduced for the fiscal year ending February 1, 2020SHERMAN OAKS, Calif., Dec. 20, 2019 (GLOBE NEWSWIRE) — Apex Global Brands (Nasdaq: APEX), a global brand ownership and marketing organization that manages, creates and elevates a growing portfolio of high-equity lifestyle brands, today reported financial results for its third quarter of Fiscal 2020, which ended November 2, 2019.“Retail...