Day: March 19, 2020

LOS ANGELES, March 19, 2020 (GLOBE NEWSWIRE) — Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle,” the “Company” or “we”), a leading provider of media, content, connectivity and data analytics to markets across air, sea and land, today announced that its Board of Directors (the “Board”) has adopted a Stockholder Rights Plan, effective March 19, 2020 (the “Rights Plan”), and declared a dividend distribution of one preferred share purchase right (the “Rights”) on each outstanding share of the Company’s Common Stock.  The Rights Plan will expire on December 31, 2020.“The Board and management team are committed to the best interests of all of the Company’s stockholders,” commented Chairman of the Board Jeff Leddy. “The Board is undertaking this action consistent with its fiduciary duties.”The Rights Plan is intended to promote...

WESTFORD, Mass., March 19, 2020 (GLOBE NEWSWIRE) — Kadant Inc. (NYSE: KAI) President and CEO Jeffrey L. Powell today issued the following statement around the coronavirus (COVID-19) outbreak and its impact on Kadant’s operations around the globe:“In recent weeks, the public health response to the COVID-19 outbreak has significantly escalated, and our thoughts remain with the healthcare workers, individuals, and communities most deeply affected by the disease.“As we continue to navigate this evolving situation, we believe providing additional context for the impact COVID-19 is having on our business is appropriate and helpful to our stakeholders. We believe the impact to our business is temporary and would like to proactively share information on our situation.“Our bookings performance to date is ahead of forecast which is consistent...

Not for distribution to the U.S. news wire services, or dissemination in the United StatesHONG KONG, March 19, 2020 (GLOBE NEWSWIRE) —  Primeline Energy Holdings Inc. (“Primeline” or the “Company”), listed on the TSX Venture Exchange Inc. under the trading symbol “PEH”, announces today it will issue 4,971,538 new Ordinary Shares of Primeline (“Shares”) to Primeline International ‎‎(Holdings) Inc. (‘‘PIHI’’).‎‎2,727,106 Shares will be issued in payment of a portion of interest due on US$11.3 million principal ‎amount Convertible Bonds (the “New Bonds”) and 2,244,432 Shares will be issued in payment of a ‎portion of interest due on US$9.3 million principal amount Convertible Bonds (the ‘‘New B ‎Bonds’’) issued to PIHI, which is wholly owned by Mr. Victor Hwang, the Company’s President, ‎Chairman and majority shareholder. Interest...

MIAMI, March 19, 2020 (GLOBE NEWSWIRE) — International Money Express, Inc. (NASDAQ: IMXI), a leading money remittance services company focused primarily on the Latin America and Caribbean corridor, today provided a business update regarding the ongoing impact of COVID-19.At International Money Express, the well-being of our customers and employees is at the center of everything we do. In response to the COVID-19 crisis, all of our United States based headquarters personnel have been empowered to work from home to protect themselves and their families. We have also temporarily closed our 33 company-owned stores around the country to further help mitigate the spread of the virus.Aside from these limited store closures, our money transfer services continue to operate at full capacity and serve our communities across the US and Canada....

PALO ALTO, Calif., March 19, 2020 (GLOBE NEWSWIRE) — In the past few days, we have met with local, state and federal officials.  We have followed and are continuing to follow all legal directions and safety guidelines with respect to the operations of our facilities, and have honored the Federal Government’s direction to continue operating.  Despite taking all known health precautions, continued operations in certain locations has caused challenges for our employees, their families and our suppliers.As such, we have decided to temporarily suspend production at our factory in Fremont, from end of day March 23, which will allow an orderly shutdown.  Basic operations will continue in order to support our vehicle and energy service operations and charging infrastructure, as directed by the local, state and federal authorities. Our factory...

BRISBANE, Calif., March 19, 2020 (GLOBE NEWSWIRE) — MyoKardia, Inc. (Nasdaq: MYOK) today announced that the company will be presenting data from its Phase 2 MAVERICK-HCM clinical trial during a late-breaker session at the upcoming American College of Cardiology’s 69th Annual Scientific Session together with the World Congress of Cardiology (ACC.20/WCC Virtual*).  Data from the Phase 2 dose-ranging clinical trial will inform patient identification, dosing and potential endpoints for future studies in non-obstructive hypertrophic cardiomyopathy (HCM) and targeted patient populations with heart failure with preserved ejection fraction (HFpEF).Monday, March 30, 2020Session: 412 – Featured Clinical Research III10:30 a.m – 10:40 a.m CDTORAL PRESENTATION: Mavacamten Improves Biomarkers Of Myocardial Wall Stress And Injury In Patients With...

HAMILTON, Bermuda, March 19, 2020 (GLOBE NEWSWIRE) — Syncora Holdings Ltd. (“Syncora” or “Company”) today announced that, in response to the COVID-19 outbreak, Syncora’s 2019 Annual General Meeting of Shareholders will be held via a virtual meeting on Thursday, March 26, 2020 at 1:00 pm ET (the “Annual General Meeting”).  As previously disclosed in our proxy statement, shareholders as of the close of business on February 20, 2020 (the “Record Date”) are invited to attend the meeting by going to www.virtualshareholdermeeting.com/SYCRF2020   Shareholders who have not yet voted are encouraged to do so by midnight Eastern Daylight Time on March 25, 2020 pursuant to the procedures outlined in the proxy statement previously sent to shareholders.Important InformationThis press release contains statements about future results, plans and...

OAKLAND, Calif., March 19, 2020 (GLOBE NEWSWIRE) — California BanCorp (the “Company”) (NASDAQ: CALB), the parent company of California Bank of Commerce, today announced that its Registration Statement on Form 10 has been declared effective by the U.S. Securities and Exchange Commission and that its common stock will begin trading on the NASDAQ Global Select Market effective with the opening of trading on March 20, 2020. Shares of the Company’s common stock will trade under the symbol “CALB.”“We are very pleased to announce the successful completion of this important initiative,” said Steven E. Shelton, President and Chief Executive Officer. “In today’s environment, more than ever, liquidity is a key pillar of focus and we are proud of our efforts to execute on an action that substantially improves the liquidity of our shares. Further,...

TREVOSE, Pa., March 19, 2020 (GLOBE NEWSWIRE) — StoneMor Inc. (NYSE: STON), a leading owner and operator of cemeteries and funeral homes, today announced it has signed a definitive agreement to sell the assets of Olivet Memorial Park, Olivet Funeral and Cremation Services and Olivet Memorial Park and Crematory (“Olivet”) located in Colma, California, to Cypress Lawn Cemetery Association for a total purchase price of $42.1 million – $25 million in cash plus $17.1 million in assumption of lot takedown obligations, subject to certain adjustments and credits. Additionally, StoneMor announced that it has a signed separate definitive agreement to sell the assets of its remaining California locations to entities owned by John Yeatman and Guy Saxton for a total purchase price of $7.1 million in cash, subject to certain closing adjustments. ...

TAMPA, Fla., March 19, 2020 (GLOBE NEWSWIRE) — AutoWeb, Inc. (Nasdaq: AUTO), a robust digital marketing platform providing advertising solutions for automotive dealers and OEMs, will hold a conference call on Friday, March 27, 2020 at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2019. The company will report its financial results in a press release prior to the conference call.AutoWeb President & CEO Jared Rowe and CFO J.P. Hannan will host the conference call, followed by a question-and-answer session.Date: Friday, March 27, 2020Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll-free dial-in number: 1-877-852-2929International dial-in number: 1-404-991-3925Conference ID: 1649347The conference call will also be broadcast live at www.autoweb.com (click...