Month: May 2020

CAMBRIDGE, Mass., May 05, 2020 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG), a leading global automotive marketplace, today announced a 20% rate reduction for the month of June for its subscribing dealerships in Canada. CarGurus was first among the major Canadian online automotive marketplaces1 to offer discounts to dealers in April and has continued to offer discounts through June.The June discount is intended to provide extended cost relief, enabling dealers in Canada to continue to connect with shoppers on the CarGurus platform and benefit from pent-up demand heading in to summer. An April survey by CarGurus showed that while 87% of Canadian car shoppers surveyed say they expect to purchase a car later than they had planned, only 6% of consumers who had planned to buy a car this year before the pandemic have now delayed indefinitely....

LYON, France and CAMBRIDGE, Mass., May 05, 2020 (GLOBE NEWSWIRE) — ERYTECH Pharma (Nasdaq & Euronext: ERYP), a clinical-stage biopharmaceutical company developing innovative therapies by encapsulating drug substances inside red blood cells, today announced it will be part of EVIDENCE, a public-private consortium supported by the European Union in the framework of the EU Horizon 2020 program.The EVIDENCE consortium, consisting of leading experts in the field of red blood cell research, will explore how red blood cells are influenced by their extra-cellular environment. This is an important aspect for the development of red blood cell-based therapies. The EVIDENCE consortium will investigate the behavior of red blood cells under physiological flow conditions, i.e. under conditions that are as close to reality as possible, to...

VANCOUVER, British Columbia, May 05, 2020 (GLOBE NEWSWIRE) — Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) provides an update on discussions with its senior lenders to amend the financial covenants contained in its US$150 million credit facility (the “Credit Facility”) (refer to Fortuna news release dated April 2, 2020).The Credit Facility requires the Company to maintain a total debt to EBITDA ratio of not greater than 3:1.   As of the financial year ended December 31, 2019, the total debt to EBITDA ratio was 1.7:1.Government-mandated constraints on business to curb the spread of COVID-19 in Peru and Mexico, which host the Company’s operating mines, have resulted in reduced operations at the Caylloma Mine during the first quarter of 2020, and subsequent to the end of the quarter, have resulted in the suspension of operations...

MCLEAN, Va., May 05, 2020 (GLOBE NEWSWIRE) — Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it has executed a lease extension with Elster Solutions, LLC, (“Elster”) at its 58,926 square foot office building in Raleigh, North Carolina. The lease extension maintains the property’s 100% occupancy. Additionally, Gladstone Commercial and Elster executed an extension at an adjacent manufacturing facility where Elster leases 22,198 square feet, approximately 20% of the space, with the remainder of the building fully leased to another tenant through 2027.The office building was constructed in 1997 and has been continuously occupied since then by Elster, a leading provider of gas, electricity and water meters. The adjacent manufacturing building was constructed in 1994. Elster was acquired by...

HAUPPAUGE, N.Y., May 05, 2020 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC PINK:ORBT) (“Orbit”), an electronics manufacturer and software solution provider, today announced that it closed on a $1,606,000 loan (“Loan”) from Peoples United Bank under the Paycheck Protection Program (“PPP”) under the Coronavirus Aid, Relief and Economic Security Act (“the CARES Act”). The Loan is evidenced by a promissory note (“Note”), bears interest at 1.00% per annum with the first six months of interest deferred from the date of the Note, has an initial term of two years from the date of the Note, may be prepaid at any time and is unsecured and guaranteed by the Small Business Administration. Under the terms of the CARES Act, PPP loan recipients can apply for and be granted forgiveness for all or a portion of such loans based on the use of...

Converse, IN, May 05, 2020 (GLOBE NEWSWIRE) — First Farmers Bank & Trust has announced a community outreach initiative that will work directly with community foundations within their market area. The bank is currently assessing respective area needs and plans to contribute $75,000 to help feed the hungry in those areas. Community foundations have been contacted with the plan to initiate program assessment and budget allocations. Senior Vice President and Chief Retail Officer, Cherie Planalp “ We are dedicated to supporting the communities we serve and recognize the essential services in these areas are of critical importance”Senior Vice President, Tade Powell ” Our goal is to provide direct funding to programs feeding people in need. Respective community foundations will be able to assist those efforts and will provide the logistical...

ATLANTA, May 05, 2020 (GLOBE NEWSWIRE) — Crawford & Company® (NYSE: CRD-A and CRD-B), the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporates, today announced its financial results for the first quarter ended March 31, 2020.The Company’s two classes of stock are substantially identical, except with respect to voting rights and the Company’s ability to pay greater cash dividends on the non-voting Class A Common Stock (CRD-A) than on the voting Class B Common Stock (CRD-B), subject to certain limitations. In addition, with respect to mergers or similar transactions, holders of CRD-A must receive the same type and amount of consideration as holders of CRD-B, unless different consideration is approved by the holders of 75% of CRD-A, voting as a...

WARSAW, Ind., May 05, 2020 (GLOBE NEWSWIRE) — OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq:KIDS), a company focused exclusively on advancing the field of pediatric orthopedics, announced today its financial results for the first quarter ended March 31, 2020.First Quarter 2020 and Recent Business Highlights                    Generated total revenue of $16.4 million for first quarter 2020, up 11.6% from $14.7 million in first quarter 2019; domestic revenue growth was 30.4% for the first quarter 2020Acquired ApiFix and MID-C system on April 1st that expands portfolio of novel technologies to treat scoliosisReceived FDA 510(k) clearance and expanded neuromuscular indications for RESPONSE™ Scoliosis System and launched Large Fragment Cannulated Screw System in the U.S.Expanded the domestic sales organization to...

SAN DIEGO and TORONTO, May 05, 2020 (GLOBE NEWSWIRE) — Aptose Biosciences Inc. (“Aptose” or the “Company”) (NASDAQ: APTO, TSX: APS), a clinical-stage company developing highly differentiated agents that target the underlying mechanisms of cancer, today announced that it has entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Piper Sandler and Canaccord Genuity (collectively “Agents”). Under the terms of the Equity Distribution Agreement, the Company may, from time to time, issue and sell through the Agents, common shares of the Company (the “Common Shares”) through “at-the-market” (“ATM”) distributions (the “Offering”) on the Nasdaq Capital Market (“NASDAQ”). Aptose will determine, at its sole discretion, the time, price and number of Common Shares to be sold under the Offering.In conjunction...

HAMILTON, BERMUDA, May 5, 2020 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced its results for the quarter ended March 31, 2020.The full report is available here and in the below attachment.About DHT Holdings, Inc.DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Singapore and Oslo, Norway. You shall recognize us by our business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for our fleet and...