Day: May 27, 2020

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, May 27, 2020 (GLOBE NEWSWIRE) — Spectral Medical Inc. (“Spectral” or the “Company”) (TSX: EDT), a late stage theranostic company advancing therapeutic options for sepsis and septic shock, announced today that it has filed a preliminary short form prospectus (the “Prospectus”) with the securities regulators in each of the provinces of Canada, except Québec (the “Jurisdictions”), in connection with a proposed marketed public offering of units of the Company (the “Offered Units”) at a price of $0.60 per Offered Unit (the “Offering Price”) for aggregate gross proceeds of up to $5 million (the “Offering”).Each Offered Unit will consist of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase...

GRAND RAPIDS, Mich., May 27, 2020 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP) (the “Company”), the holding company of Independent Bank, a Michigan-based community bank, announced today that it has completed the private placement of $40 million in fixed-to-floating rate subordinated notes due 2030 (the “Notes”).  The Notes have been structured to qualify as Tier 2 capital under bank regulatory guidelines, and the proceeds from the sale of the Notes will be utilized for general corporate purposes.The Notes will initially bear interest at a fixed rate of 5.95% per annum until May 31, 2025, payable semi-annually in arrears.  For the remainder of the term, the Notes, which mature on May 31, 2030, will bear an interest rate that will reset quarterly to an annual floating rate equal to the then-current...

SHANGHAI, May 27, 2020 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today announced a proposed offering (the “Notes Offering”) of US$650 million in aggregate principal amount of convertible senior notes due 2027 (the “Notes”) subject to market conditions and other factors. The Company intends to grant the initial purchasers in the Notes Offering a 30-day option to purchase up to an additional US$100 million in principal amount of the Notes. The Company plans to use the net proceeds from the Notes Offering for enriching content offerings, research and development, and other general corporate purposes.When issued, the Notes will be senior, unsecured obligations of Bilibili. The Notes will be convertible into the Company’s American...

EMERYVILLE, Calif., May 27, 2020 (GLOBE NEWSWIRE) — Dynavax Technologies Corporation (Nasdaq: DVAX), a biopharmaceutical company focused on developing and commercializing novel vaccines, today announced the closing of its previously announced underwritten public offering of 16,100,000 shares of its common stock, including the exercise in full by the underwriters of their option to purchase an additional 2,100,000 shares, at a price to the public of $5.00 per share. The gross proceeds to Dynavax from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Dynavax, were approximately $80.5 million.Cowen, Evercore ISI and William Blair acted as joint book-running managers for the offering. H.C. Wainwright & Co. acted as co-manager for the offering.Dynavax anticipates using the...

CARLSBAD, Calif., May 27, 2020 (GLOBE NEWSWIRE) — GenMark Diagnostics, Inc. (NASDAQ: GNMK) (“GenMark” or the “Company”), a molecular diagnostics company focused on developing and commercializing multiplex molecular diagnostic solutions designed to enhance patient care, improve key quality metrics, and reduce the total cost-of-care, today announced that the company plans to participate in two upcoming investor conferences.GenMark’s management is scheduled to present at the William Blair 40th Annual Growth Stock Conference in a virtual setting on Wednesday, June 10th, 2020 at 12:20 a.m. ET. Interested parties can access the live and archived webcast at ir.genmarkdx.com.GenMark’s management team will also be hosting virtual one-on-one meetings at the Raymond James Human Health Innovations Conference on Tuesday, June 16, 2020. Interested...

DUBLIN, Ireland, May 27, 2020 (GLOBE NEWSWIRE) — Prothena Corporation plc (NASDAQ:PRTA), a clinical-stage neuroscience company with expertise in protein misfolding, today announced that members of its senior management team will present and participate in the Jefferies Virtual Healthcare Conference on Wednesday June 3 at 3:30 PM ET.A webcast of the company presentation can be accessed through the investor relations section of the Company’s website at www.prothena.com. Following the presentation, a replay of the webcast will be available on the Company’s website for at least 90 days following the presentation date.About ProthenaProthena Corporation plc is a clinical-stage neuroscience company with expertise in protein misfolding, focused on the discovery and development of novel therapies with the potential to fundamentally...

GEORGE TOWN, Grand Cayman, May 27, 2020 (GLOBE NEWSWIRE) — StoneCo Ltd. (NASDAQ: STNE) (“Stone” or the “Company”) announced that its Board of Directors resolved, on its meeting of May 21, 2020, to appoint Mrs. Luciana Ibiapina Lira Aguiar to the Board of Directors, effective immediately, and at the same meeting, elected to the Audit Committee, as replacement for Mr. Ali Mazanderani, who stepped out of the Audit Committee, but remained, nonetheless, as a member of the Board of Directors. Ms. Aguiar is independent under the applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) and the listing standards of the Nasdaq Stock Market.Mrs. Aguiar has over 25 years of professional experience in tax law. Prior to joining the board of directors of Stone, Mrs. Aguiar was the managing partner of law firm Bocater,...

E.K. Riley Investments, LLC is a broker-dealer and RIA with approximately 35 financial advisors who serve $2 billion of client assetsEstimated transaction multiple of approximately 6x post-synergy EBITDASAN DIEGO, May 27, 2020 (GLOBE NEWSWIRE) — Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA) (together, “LPL”), today announced that it has signed an agreement to acquire the assets of E.K. Riley Investments, LLC, a broker-dealer and registered investment advisor (RIA) headquartered in Seattle.  E.K. Riley Investments provides independent financial advice to individuals, affluent families, and business owners, with approximately 35 financial advisors and $2 billion of client assets under management.“We welcome E.K. Riley...

GRANT, Fla., May 27, 2020 (GLOBE NEWSWIRE) — Kaival Brands Innovations Group, Inc. (OTC PINK: KAVL) (“Kaival Brands,” the “Company,” or “we”), a company focused on growing and incubating innovative and profitable products into mature, dominant brands, today announced financial results for its fiscal 2020 second quarter ended April 30, 2020.Fiscal 2020 Second Quarter Highlights:Revenues for the second quarter of fiscal 2020 were approximately $22.5 million, compared to $0 in the same period of the prior fiscal year.Gross profit* for the second quarter of fiscal 2020 was approximately $4.2 million, compared to $0 for the second quarter of fiscal 2019.Total cost of revenue – related party was approximately $18.3 million for the second quarter of fiscal 2020, compared to $0 in the same period of the prior fiscal year.Total operating expenses...