Miami Maritime Passenger Boarding Bridge and Fix Tunnel up for Auction on GovDeals.com

Written by Customer Service on May 27, 2020. Posted in Public Companies.

MIAMI, May 27, 2020 (GLOBE NEWSWIRE) — Miami-Dade County, FL is selling a massive maritime passenger boarding bridge on GovDeals.com, an online government surplus auction site. Miami-Dade County, FL is a long-standing seller on GovDeals for a range of transportation, heavy equipment, and other surplus property items.Built in 2010, this passenger bridge is manufactured by Adelte Seaport, a leading international engineering company that provides equipment and services to cruise and ferry terminals. The Maritime Passenger Bridge is most often used to transport passengers to and from land, onto large cruise or ferry ships. Adelte manufactures bridges that are innovative, made to order, supreme-quality engineering solutions, that utilize all the latest technologies to ensure the highest quality. The passenger bridge is currently housed...

Mercury Marine enters into supply agreement with BRP; will immediately become outboard engine of choice for Alumacraft, Manitou & Telwater brands

Written by Customer Service on May 27, 2020. Posted in Public Companies.

FOND DU LAC, Wisc., May 27, 2020 (GLOBE NEWSWIRE) — Mercury Marine, a division of Brunswick Corporation (NYSE:BC) and a world leader in marine propulsion systems, has entered into a strategic supply agreement with BRP to be the supplier of choice for BRP owned boat brands Alumacraft, Manitou, Quintrex & Stacer. BRP has made the decision to discontinue the production of E-TEC and E-TEC G2 engines effective immediately.“This agreement brings us an incredible opportunity to further grow our brand in the marketplace and introduce our award-winning portfolio of outboard engines to new customers around the world,” said Chris Drees, Mercury Marine president. “We have enjoyed long standing relationships with Alumacraft, Manitou and Telwater and we look forward to continuing to work with them while providing class-leading outboard...

Mesoblast Reports Strong Financial Position and Substantial Operational Progress For the Period Ended March 31, 2020

Written by Customer Service on May 27, 2020. Posted in Public Companies.

NEW YORK, May 27, 2020 (GLOBE NEWSWIRE) — Mesoblast Limited (Nasdaq:MESO; ASX:MSB), global leader in allogeneic cellular medicines for inflammatory diseases, today reported financial, corporate and operational highlights for the nine months ended March 31, 2020. Cash on hand at March 31, 2020 was US$60.1 million (A$97.3 million) and in May 2020, pro forma cash on hand was approximately US$150 million (A$235 million) after adjusting for a US$90 million (A$138 million) capital raise.Mesoblast Chief Executive Dr Silviu Itescu stated: “This past quarter has underscored the value of our lead product candidate remestemcel-L and the experience we have gained in its use over recent years in patients with severe cytokine release syndromes. “Our Biologics License Application for marketing approval of RYONCILTM (remestemcel-L) in children...

Par Pacific Holdings Announces Pricing of Private Offering of $105 Million of 12.875% Senior Secured Notes Due 2026

Written by Customer Service on May 27, 2020. Posted in Public Companies.

HOUSTON, May 27, 2020 (GLOBE NEWSWIRE) — Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today announced that Par Petroleum, LLC (“Par Petroleum”) and Par Petroleum Finance Corp. (“Finance Corp.” and together with Par Petroleum, the “Issuers”), both wholly-owned subsidiaries of the Company, priced a private offering of $105 million aggregate principal amount of 12.875% senior secured notes due 2026 (the “Notes”). The Notes are being offered in a private offering only to qualified institutional buyers pursuant to Rule 144A and to certain persons outside of the United States pursuant to Regulation S, each under the Securities Act of 1933, as amended (the “Act”). The offering is expected to close on June 5, 2020, subject to customary closing conditions.The Notes will be secured, senior obligations of the Issuers,...

Vislink Technologies Reports Q1 2020 Financial Results

Written by Customer Service on May 27, 2020. Posted in Public Companies.

HACKETTSTOWN, NJ, May 27, 2020 (GLOBE NEWSWIRE) — Vislink Technologies, Inc. (“Vislink” or the “Company”) (Nasdaq: VISL), whose brands are recognized as the global leaders in live video communications, announced its results for the first quarter ended March 31, 2020.First Quarter Highlights:Named Carleton Miller as chief executive officer and Michael Bond as chief financial officer.Completed a capital raise of $6 million.Fulfilled delivery of the remaining equipment on the $2.8 million U.S. Army contract the Company received in 2019.Received a $1.3 million contract from a European partner to supply equipment and services for border protection.Received orders valued at over $400,000 for satellite communications equipment from Airbus Defence and Space Limited (“Airbus”).Received a $400,000 contract to supply an airborne surveillance...

Kratos Defense & Security Solutions, Inc. to Hold Virtual 2020 Annual Meeting of Stockholders

Written by Customer Service on May 27, 2020. Posted in Public Companies.

SAN DIEGO, May 27, 2020 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that due to the continuing public health impact of the COVID-19 outbreak, the Company has changed the format of its 2020 Annual Meeting of Stockholders (the “Annual Meeting”) from a hybrid meeting format (consisting of a physical in-person meeting and a virtual meeting) to a virtual only format. No stockholders or guests will be able to attend the Annual Meeting in person.The Annual Meeting will still be held on June 4, 2020 at 11:00 a.m. Central Daylight Time, but will take place solely in a virtual meeting format via a live webcast. Stockholders of record on April 6, 2020 who plan to attend the Annual Meeting virtually must access the virtual meeting at www.virtualshareholdermeeting.com/KTOS2020...

Clear Blue Technologies International Announces Q1 2020 Financial Results

Written by Customer Service on May 27, 2020. Posted in Earnings Releases And Operating Results.

TORONTO, May 27, 2020 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (Clear Blue or “the Company”) (TSXV: CBLU) (FRANKFURT: 0YA), the Smart Off-Grid™ company, today reported its financial results for the fiscal quarter ended March 31, 2020.Key Financial Results (all figures in Canadian dollars)Clear Blue’s offices were closed in March 2020 as a result of COVID-19, impacting our ability to ship and recognize revenue for Q1. As a result, trailing Four Quarterly (TFQ) Revenue of $3,869,206, a 2% increase over the previous period;Quarterly revenues of $238,171 in Q1, a 30% decrease over Q1 2019;TFQ Gross Margin percentage decreased from 25.1% to 22.3%, a reduction resulting from a new allocation, beginning in Q4 2019 as a result of our scale, to record direct service cost expenses to Gross Margin. Without this, TFQ Gross...

Canadian Spirit Resources Inc. Announces First Quarter 2020 Financial Results and Issuance of Debenture

Written by Customer Service on May 27, 2020. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, May 27, 2020 (GLOBE NEWSWIRE) — Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis (“MD&A”), for the three month period ended March 31, 2020, and the issuance of a debenture to Elmag Investments Inc. (“Elmag”) in the principal amount of $600,000.First Quarter 2020This news release summarizes information contained in the unaudited interim condensed financial statements and MD&A for the three months ended March 31, 2020, and should not be considered a substitute for reading these full disclosure documents which are available on SEDAR at www.sedar.com or the Corporation’s website at www.csri.ca.The following summarizes certain selected financial data for the three months...

MVC Capital and Wynnefield Capital Reach Agreement on Board Nominations for July 15th Annual Meeting

Written by Customer Service on May 27, 2020. Posted in Public Companies.

PURCHASE, N.Y., May 27, 2020 (GLOBE NEWSWIRE) — MVC Capital, Inc. (NYSE: MVC) (the “Company” or “MVC”) and Wynnefield Capital (“Wynnefield”) today announced an agreement (the “Agreement”) under which six of MVC’s current directors and three independent director candidates proposed by Wynnefield will be nominated by MVC’s Board for election at the Company’s 2020 Annual Meeting of Stockholders, currently scheduled for July 15, 2020 (“the “Annual Meeting”).The Board will remain at its current size of nine directors. The six current directors to be nominated for reelection include Philip Goldstein, Gerald Hellerman, Douglas Kass, Robert Knapp, Scott Krase and Chairman Michael Tokarz. Current directors Emilio Dominianni, Warren Holtsberg and William Taylor will not stand for reelection. The three new nominees standing for election are...

NuVista Energy Ltd. Announces Credit Facility Redetermination Completed

Written by Customer Service on May 27, 2020. Posted in Public Companies.

CALGARY, Alberta, May 27, 2020 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce that our bank syndicated credit facility limit has been redetermined at $475 million. This compares to the prior limit of $550 million. NuVista expects to have more than adequate liquidity for the remainder of 2020, as the Company plans to spend less than anticipated adjusted funds flow for the remainder of the year. As noted previously, NuVista has the productive capacity to manage production approximately flat to first quarter levels, 50,000 to 52,000 Boe/d, for the remainder of 2020. However, the uncertainty around oil prices and curtailment makes it difficult to predict our planned level of production through the second and perhaps third quarters. As a result, we withdrew our production guidance...

Day: May 27, 2020

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