Month: March 2020

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...

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...

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...

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...

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...

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...

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...

LITTLE ROCK, Ark., March 27, 2020 (GLOBE NEWSWIRE) — Inuvo, Inc. (NYSE American: INUV) today completed the sale of an aggregate of 3,115,000 shares of its common stock at a price of $0.175 per share to purchasers in a registered direct offering without an underwriter or placement agent. Inuvo raised approximately $535,125 in this offering after deducting estimated expenses incurred in connection with the offering.Inuvo plans to use the net proceeds from the offering for working capital.More information about the offering, as well as a copy of the form of Subscription Agreement associated with the offering, can be found in Inuvo’s Current Report on Form 8-K that was filed with the Securities and Exchange Commission (“SEC”) on March 27, 2020 and in the Prospectus Supplement that was filed with the SEC on March 26, 2020.This press...

INDIANAPOLIS, March 27, 2020 (GLOBE NEWSWIRE) — Kite Realty Group Trust (NYSE:KRG) (“KRG”) issued the following statement on the COVID-19 pandemic.“In the midst of the COVID-19 pandemic, our first priority is the safety of our employees, tenants, stakeholders and communities in which we operate.  Our second priority is to stay in close contact with our tenants with the goal of helping them navigate through this unprecedented crisis,” said John A. Kite, Chairman and CEO.  “As it relates to KRG, we are grateful for having completed Project Focus in 2019, leaving us with a stronger balance sheet, more liquidity and an improved portfolio.”LiquidityOn March 23, 2020, we provided notice to lenders to borrow funds under our $600 million Credit Facility, bringing the outstanding balance under the Credit Facility to $300 million.  We borrowed...

HOUSTON, March 27, 2020 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE:SYY) today announced that it has entered into an agreement with The Kroger Co. (NYSE: KR) to provide temporary work opportunities for Sysco associates at certain Kroger distribution centers.Under this agreement, Sysco associates in the United States who have been temporarily furloughed due to the dramatic decline in foodservice demand from the impact of the COVID-19 pandemic, will have the opportunity to work at Kroger locations for 30 days, or more, as agreed upon by both companies.“During these unprecedented times, we are pleased to partner with Kroger, as both of our companies work to respond in an agile manner to meet the rapidly evolving needs of our associates and our communities,” said Kevin Hourican, president and chief executive officer of Sysco. “This agreement...