Day: March 27, 2020
BRYN MAWR, Pa., March 27, 2020 (GLOBE NEWSWIRE) — Due to the emerging and continuing health and safety considerations from the coronavirus outbreak (“COVID-19”), the Board of Directors (the “Board”) of Bryn Mawr Bank Corporation (the “Corporation”) (NASDAQ:BMTC), announces a change in location and an additional virtual attendance option for the Corporation’s 2020 Annual Meeting of Shareholders (the “2020 Annual Meeting”), which is scheduled to take place on Thursday, April 16, 2020 at 11:00 A.M. Eastern Time. The 2020 Annual Meeting location has been changed to the Corporation’s headquarters at 801 Lancaster Ave., Bryn Mawr, Pennsylvania 19010 (“Corporate Headquarters”). In addition, the Corporation is providing a virtual format for meeting attendance for those not able or otherwise permitted to attend the meeting in person. The...
BROADVISION, INC. REACHES AGREEMENT WITH SHAREHOLDERS ON PREPACKAGED PLAN TO RESTRUCTURE AND SELL BUSINESS
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REDWOOD CITY, Calif., March 27, 2020 (GLOBE NEWSWIRE) — BroadVision, Inc. (“the Company”) today announced that it has entered into a Restructuring Support Agreement (the “RSA”) with ESW Capital, LLC, a major shareholder of the Company (“ESW” or the “Plan Sponsor”), and other major shareholders of the Company, including Dr. Pehong Chen and Honu Holdings, LLC (collectively, the “Consenting Shareholders”) to restructure the Company. To implement the terms of the RSA, the Company will file, and the Plan Sponsor and the Consenting Shareholders will support, the Company’s Prepackaged Plan of Reorganization Under Chapter 11 of the Bankruptcy Code for BroadVision, Inc. (the “Plan”).Upon its effective date, the Plan will provide for the full payment of all allowed administrative and legal costs, and secured (if any) and unsecured liabilities...
Riverview Bancorp Declares Quarterly Cash Dividend of $0.05 Per Share
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VANCOUVER, Wash., March 27, 2020 (GLOBE NEWSWIRE) — Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced its Board of Directors approved a quarterly cash dividend of $0.05 per share, which remained unchanged compared to the preceding quarter. The dividend will be payable April 22, 2020, to shareholders of record on April 9, 2020. Based on the current share price, the annualized dividend yield is 4.02%. About Riverview
CORRECTING and REPLACING First Bank Reports Fourth Quarter 2019 Net Income of $5.2 Million
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HAMILTON, N.J., March 27, 2020 (GLOBE NEWSWIRE) — On January 29, 2020, First Bank (the “Company”) announced its operating results for the three and twelve months ended December 31, 2019. In March 2020, in connection with the Company’s preparation of, and its independent registered public accounting firm’s review of, the Company’s consolidated financial statements for the year ended December 31, 2019, a potential error was identified in relation to the accounting for certain recorded expenses related to the Company’s September 30, 2019 acquisition of Grand Bank, N.A. (“Grand Bank”). Based on the review, it was determined that certain merger-related expenses related to its acquisition of Grand Bank that were recorded by Grand Bank prior to the closing of the acquisition should have been recorded by the combined Company. This corrected...
BBQ Holdings, Inc. Reports Results for Fourth Quarter and Fiscal Year 2019 and Acquisition of Granite City Food & Brewery Restaurants
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MINNEAPOLIS, March 27, 2020 (GLOBE NEWSWIRE) — BBQ Holdings, Inc. (NASDAQ: BBQ) (the “Company”), an innovating global owner and operator of restaurants today reported financial results for the fourth fiscal quarter and year ended December 29, 2019.On March 9, 2020, the acquisition of the assets of Granite City Food & Brewery became official and BBQ Holdings now owns and operates 18 Granite City restaurants in 10 states. The price for the assets purchased was $3,650,000 plus assumed liabilities. Fourth Quarter 2019 Highlights:Company-owned same store net sales increased 4.7%, driven by a 6.4% increase in To-Go same store net sales and a 26.0% increase in Catering, marking nine of the ten prior quarters experiencing positive comparable sales.Franchise-operated same store net sales increased 0.4% year-over-year.Achieved 54% of...
Cameco Reports Document Filings
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SASKATOON, Saskatchewan, March 27, 2020 (GLOBE NEWSWIRE) — Cameco (TSX: CCO; NYSE: CCJ) reported today that it filed its annual report on Form 40-F with the US Securities and Exchange Commission. The document includes Cameco’s audited annual financial statements for the year ended December 31, 2019, its management’s discussion and analysis (MD&A), and its Canadian annual information form (AIF).In addition, Cameco filed its AIF with Canadian securities regulatory authorities. Its audited annual financial statements for the year ended December 31, 2019, and its MD&A were filed with Canadian securities regulatory authorities in February 2020.All of these documents are posted on our website. Shareholders may obtain hard copies of these documents, including the financial statements, free of charge by contacting:Cameco Investor...
8i Enterprises Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
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NEW YORK, March 27, 2020 (GLOBE NEWSWIRE) — 8i Enterprises Acquisition Corp. (NASDAQ: JFKKU, JFK, JFKKW, JFKKR) (“JFK” or the “Company”), a special purpose acquisition company, announced today that it has deposited into the JFK trust account (the “Trust Account”) an aggregate of $575,000 (the “Extension Amount”), representing approximately $10.10 per share of common stock, in order to extend the period of time JFK has to complete a business combination for an additional three (3) months, from April 1, 2020 to June 30, 2020. JFK paid the Extension Amount out of its working capital. The purpose of the extension is to provide time for JFK to complete its initial business combination.About 8i Enterprises Acquisition Corp.JFK is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock...
Luckin Coffee Announces Appointments of Two Independent Directors
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BEIJING, March 27, 2020 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (NASDAQ: LK), a pioneer of a technology-driven new retail model to provide coffee and other products of high quality, high affordability, and high convenience to customers, today announced appointments of two independent directors to the Company’s Board of Directors (the “Board”). The Board welcomes the appointment of Mr. Tianruo Pu and Mr. Wai Yuen Chong as independent directors to the Board and members of its Audit Committee, effective March 27, 2020. As the Securities Exchange Act of 1934 requires that the Audit Committee shall consist of only independent directors after one year from the date of effectiveness of the registration statement for Company’s IPO, Mr. Erhai Liu has stepped down as a member of the Audit Committee and the current...
Laredo Petroleum Receives Continued Listing Standard Notice From NYSE
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TULSA, OK, March 27, 2020 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc., a Delaware corporation (NYSE: LPI) (“Laredo” or the “Company”), announced today that on March 26, 2020, it received formal notice from the New York Stock Exchange (“NYSE”) that the average closing price of the Company’s common stock over the prior 30-consecutive trading day period was below $1.00 per share, which is the minimum average share price for continued listing on the NYSE.Laredo intends to notify the NYSE of its intent to cure the deficiency and return to compliance with the NYSE continued listing requirements within the six-month cure period. During the cure period, Laredo’s shares of common stock will continue to trade on the NYSE, subject to compliance with other continued listing requirements.The NYSE...
PDS Biotechnology Reports Full Year 2019 Financial Results and Provides Business Update
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PRINCETON, N.J., March 27, 2020 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (“PDS Biotechnology”) (Nasdaq: PDSB), a clinical-stage immuno-oncology company developing multiple therapies based on T-cell activating technology called Versamune® today announced its financial results for the full year ended December 31, 2019 and provided a business update.Fourth Quarter 2019 and Recent Business HighlightsReported promising Phase 1 clinical outcome data of PDS0101 in patients with cervical intraepithelial neoplasia (CIN) infected with multiple high-risk, cancer-causing types of human papillomavirus (HPV). Study demonstrated robust treatment-induced HPV16-specific killer T-cell (CD8+) responses as well as clearance of the disease and regression of lesions in the majority of evaluable patients;Announced clinical collaboration with Merck...