Month: May 2020

Martelan lomautuksia koskevat yhteistoimintaneuvottelut ovat päättyneet. Neuvottelut koskivat koko Martela-konsernin Suomen henkilöstöä. Lomautustarve ja kesto voivat vaihdella toiminnoittain ja alueittain liiketoimitatarpeet huomioiden. Lomautuksia voidaan toteuttaa kesäkuun 2021 loppuun saakka markkinatilanteen sitä edellyttäessä.Yhteistoimintaneuvotteluiden perusteena oli koronaviruspandemian aiheuttama poikkeustila, pitkään epävarmana jatkunut markkinatilanne sekä näistä tekijöistä johtuva tarve varautua negatiivisten vaikutusten mahdolliseen laajentumiseen liiketoiminnassa.Martela-konsernin palveluksessa Suomessa on noin 380 työntekijää.Martela OyjMatti RantaniemiToimitusjohtajaLisätiedotToimitusjohtaja Matti Rantaniemi, puh. + 358 50 465 8194Talousjohtaja Kalle Lehtonen, puh. +358 400 539 968JakeluNASDAQ HelsinkiKeskeiset tiedotusvälineetwww.martela.comMissiomme...

YONKERS, N.Y., May 21, 2020 (GLOBE NEWSWIRE) — ContraFect Corporation (Nasdaq: CFRX), a clinical-stage biotechnology company focused on discovering and developing direct lytic agents for the treatment of life-threatening infectious diseases, today announced the pricing of its underwritten public offering of 11,797,752 shares of its common stock and related warrants to purchase 8,848,314 shares of common stock with an exercise price of $4.90 per share, in exchange for consideration equating to $4.45 for one share of common stock and a warrant to purchase 0.75 shares of common stock. The gross proceeds from the public offering will be approximately $52.5 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by ContraFect. All shares in the public offering are to be sold by ContraFect. ContraFect...

IRVINE, Calif., May 21, 2020 (GLOBE NEWSWIRE) — Inari Medical, Inc. (NASDAQ: NARI) (“Inari”), a commercial-stage medical device company focused on developing products to treat and transform the lives of patients suffering from venous diseases, today announced the pricing of its upsized initial public offering of 8,202,565 shares of its common stock at a public offering price of $19.00 per share, for total gross proceeds of approximately $156 million, before deducting underwriting discounts and commissions and offering expenses. All of the shares are being offered and sold by Inari. In addition, Inari has granted the underwriters a 30-day option to purchase up to an additional 1,230,384 shares of common stock at the initial public offering price, less underwriting discounts and commissions. Inari’s common stock is expected to begin...

EMERYVILLE, Calif., May 21, 2020 (GLOBE NEWSWIRE) — Dynavax Technologies Corporation (Nasdaq: DVAX), a biopharmaceutical company focused on developing and commercializing novel vaccines, today announced the pricing of its previously announced underwritten public offering of 14,000,000 shares of its common stock 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, are expected to be approximately $70.0 million. In addition, Dynavax has granted the underwriters a 30-day option to purchase up to an additional 2,100,000 shares of common stock. The offering is expected to close on or about May 27, 2020, subject to satisfaction of customary closing conditions.Cowen, Evercore ISI and William Blair...

STAMFORD, Conn., May 21, 2020 (GLOBE NEWSWIRE) — Independence Holding Company (NYSE: IHC) (“IHC” or the “Company”) announced today the preliminary results of its tender offer to purchase up to 1,000,000 shares of its common stock at a price per share of $27.00, net to the seller in cash, without interest, less any applicable withholding taxes, which expired at 5:00 p.m., Eastern time, on May 21, 2020. Based on the preliminary count by Broadridge Corporate Issuer Solutions, Inc., the Depositary for the tender offer, approximately 36,615 shares of common stock were properly tendered and not withdrawn. Accordingly, IHC expects to accept for purchase a total of 36,615 shares at a purchase price of $27.00 per share, for an aggregate purchase price of $988,605.The number of shares tendered and not withdrawn are preliminary and are subject...

Increased earnings by $728 thousand from the first quarter of 2019Secured a $6.25 million 12-month term loan at prime + 4%Prepaid a $1.9 million Chesswood credit facility five months earlyUndertook initiatives to preserve value and conserve liquidity during COVID-19TORONTO, May 21, 2020 (GLOBE NEWSWIRE) — Dealnet Capital Corp. (“Dealnet” or the “Company”) (TSX VENTURE: DLS), reported today its financial results for the quarter ended March 31, 2020. All results are reported under International Financial Reporting Standards (“IFRS”) and in Canadian dollars, unless otherwise specified.In the first quarter of 2020, the Company earned net income of $114 thousand – the first quarterly positive net income from continuing operations in the Company’s current history – compared to a loss of $614 thousand...

**Not for distribution to United States News Services or release publication, distribution or dissemination, directly or indirectly, in the United States**CALGARY, Alberta and TORONTO, May 21, 2020 (GLOBE NEWSWIRE) — Magnetic North Acquisition Corp. (TSXV: MNC) (“Magnetic North” or the “Company”) is pleased to announce that the Board of Directors has approved a quarterly dividend (the “dividend”) on the Company’s preferred shares of $0.125 per share (or $0.50 per share on an annualized basis). The dividend will be paid May 25th, 2020 to holders of record on March 31st, 2020.Magnetic North’s dividend on its preferred shares is designated to be an eligible dividend for purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation.About Magnetic North Acquisition Corp.Magnetic North invests...

TORTOLA, British Virgin Islands, May 21, 2020 (GLOBE NEWSWIRE) — Orca Exploration Group Inc. (“Orca” or “the Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today announces it has filed its condensed consolidated interim financial statements and management’s discussion and analysis for the three month period ended March 31, 2020 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated.Revenue for Q1 2020 decreased by 11% to $17.7 million compared to the same prior year period. The decrease is primarily a result of decreased sales to the Tanzanian Electric Supply Company Limited (“TANESCO”) under the Portfolio Gas Supply Agreement and a smaller current income tax adjustment due to lower revenues.  Gas deliveries...

GREENWICH, Conn., May 21, 2020 (GLOBE NEWSWIRE) — XPO Logistics, Inc. (“XPO” or the “Company”) (NYSE: XPO) today announced the pricing of its previously announced issuance of $300 million of 6.250% Senior Notes due 2025 (the “notes”). The notes will be issued as an add-on to the Company’s existing 6.250% Senior Notes, of which XPO currently has $850 million outstanding, pursuant to the indenture, dated as of April 28, 2020, among XPO, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee of the Senior Notes due 2025. XPO will issue $300 million in aggregate principal amount of the notes at a price equal to 101.750% of par, plus accrued and unpaid interest from April 28, 2020, and a yield to maturity of 5.835%. The closing of the private placement of the notes is expected to occur on May 27, 2020, subject...

MOOREFIELD, W.Va., May 21, 2020 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a second quarter 2020 dividend of $0.17 per share payable on June 30, 2020 to common shareholders of record as of the close of business on June 15, 2020.Summit Financial Group, Inc. is a $2.5 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia and the Northern, Shenandoah Valley and Southwestern regions of Virginia, through its bank subsidiary, Summit Community Bank, Inc., which operates thirty-nine banking locations.