Day: June 9, 2020

RESEARCH TRIANGLE PARK, N.C., June 09, 2020 (GLOBE NEWSWIRE) — BioCryst Pharmaceuticals, Inc. (Nasdaq:BCRX) today announced that the company has established an expanded access program (EAP) with oral, once-daily berotralstat, an investigational drug, for patients with hereditary angioedema (HAE) in the United States.Through this program, physicians may be able to request berotralstat for HAE patients who do not have access to the product through a clinical trial.According to the U.S. Food and Drug Administration (FDA), expanded access is a potential pathway for a patient with an immediately life-threatening condition or serious disease or condition to gain access to an investigational medical product for treatment outside of clinical trials when no comparable or satisfactory alternative therapy options are available.Requests for...

MIAMI BEACH, Fla., June 09, 2020 (GLOBE NEWSWIRE) — The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced its quarterly distribution pursuant to the Fund’s managed distribution policy (the “MDP”).Quarterly Distribution:The Fund today declared the following distribution pursuant to the MDP:The primary purpose of the MDP is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution each quarter (currently set at the annual rate of 15% of the Fund’s net asset value as determined on March 31, 2020 and payable in quarterly installments). The Fund cannot predict what effect, if any, the MDP will have on the market price of its shares or whether such market price will reflect a greater or lesser discount to net asset value as compared to prior to the adoption of the MDP....

FORT LAUDERDALE, Fla., June 09, 2020 (GLOBE NEWSWIRE) — KEMET Corporation (“KEMET”) (NYSE: KEM) today announced that, in connection with the pending acquisition of KEMET by Yageo Corporation (“Yageo”) (TAIEX: 2327), the parties received the final regulatory approval that is a condition to closing of such transaction from the Investment Commission, Ministry of Economic Affairs in Taiwan.The parties expect to consummate the merger on or about June 15, 2020, subject to the satisfaction of the remaining closing conditions set forth in the merger agreement, announced on November 11, 2019, and discussed in detail in the definitive proxy statement, filed by KEMET with the U.S. Securities and Exchange Commission on January 14, 2020.Upon consummation of the merger, Yageo will acquire all of the outstanding shares of KEMET’s common stock...

CONCORD, Calif., June 09, 2020 (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. This month’s report is being issued earlier than normal to accommodate the company’s participation in an investor conference.Company highlights for the month of May 2020 include:Platform assets of $62.0 billion at the end of May, up 15.7% year-over-year.Net flows were $137 million in the month of May, down 74.9% year-over-year.  •  This month, AssetMark is providing additional data to help provide context during these uncertain times, while not creating a new obligation for future disclosure.•  Asset retention is in line with expectations. YTD annualized redemption rate is 12.8%.1•   Gross flows for May were approximately 80% of the prior month.AssetMark Trust Company client cash...

ANDOVER, Mass., June 09, 2020 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR), a leading provider of high performance power components and systems, today announced that it has commenced a proposed underwritten registered public offering of its common stock. In addition, Vicor intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the proposed public offering. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.Needham & Company is acting as the sole book-running manager for the proposed offering. Vicor intends to use the net proceeds from the proposed offering for the expansion of its manufacturing...

First Quarter Net Sales of $1.021 billion; Comparable Store Sales Declined 17% Excluding Stores Closed Due to COVID-19 with Majority of Locations Limited to Curbside PickupFirst Quarter E-commerce Sales Increased 519%; Increased over 1,000% During the Six Weeks Following Store Closures Due to COVID-19  Ends First Quarter with $570 million in Cash, Inventory Reduction of 43% and Accounts Payable Decline of 54% Compared to the First Quarter of Fiscal 2019GRAPEVINE, Texas, June 09, 2020 (GLOBE NEWSWIRE) — GameStop Corp. (NYSE: GME), today reported sales and earnings for the first quarter ended May 2, 2020. George Sherman, GameStop’s chief executive officer said, “During this unprecedented time, our priority is focused on ensuring the safety and well-being of our employees, customers and business partners as we continue the process...

CHICAGO, June 09, 2020 (GLOBE NEWSWIRE) — The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today declared quarterly cash dividends of $0.26 per share of the Company’s Common Stock and $0.195 per share of the Company’s Class B Stock, a 4% increase for both classes of stock.The dividends declared will be payable on August 28, 2020 to stockholders of record at the close of business on August 14, 2020. The Company has paid cash dividends continuously since 1974. This declaration marks the seventeenth consecutive year Oil-Dri has increased dividends.The Company expects to release earnings for its fourth quarter of fiscal 2020 after the close of the U.S. stock market on Tuesday, October 13, 2020 and to host an Investor Teleconference on Wednesday, October 14, 2020. Teleconference participation details will be communicated...

NEW YORK, June 09, 2020 (GLOBE NEWSWIRE) — WisdomTree Investments, Inc. (NASDAQ: WETF) (“WisdomTree”) today announced its intention to offer, subject to market conditions and other factors, $150.0 million aggregate principal amount of its convertible senior notes due 2023 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).  WisdomTree also expects to grant the initial purchaser of the notes an option to purchase, for settlement during a period of 13 days from, and including, the date the notes are first issued, up to an additional $22.5 million aggregate principal amount of the notes.WisdomTree intends to use the net proceeds from the offering to (i) together with cash on hand, fully repay its current senior...

PLANO, Texas, June 09, 2020 (GLOBE NEWSWIRE) — Green Brick Partners, Inc. (Nasdaq: GRBK) (“we,” “Green Brick” or the “Company”) provided notice today of a change of the location for the Company’s 2020 Annual Meeting of Stockholders (the “Annual Meeting”).Due to the public health impact and travel concerns related to the COVID-19 pandemic, as well as protocols imposed by federal, state and local governments, the Company has decided to hold the Annual Meeting in a virtual-only meeting format on Tuesday, June 23, 2020, at 10:00 a.m. Central Time. You will not be able to attend the Annual Meeting in person. We expect this modification in meeting format to be effective for this year only due to the public health impact of, safety protocols imposed by governmental authorities as a result of, and travel concerns related to, the COVID-19 pandemic...

Company Enters Growth Phase in Hospital Market with Support of DeerfieldAcquisition to Augment Company’s Core Antibiotic Portfolio MORRISTOWN, N. J. , June 09, 2020 (GLOBE NEWSWIRE) — Melinta Therapeutics, Inc. (“Melinta”), a commercial-stage antibiotics company, announced that on June 4, 2020, it entered into a definitive merger agreement with Tetraphase Pharmaceuticals, Inc. (“Tetraphase”) pursuant to which Melinta would acquire Tetraphase, through a tender offer, for an aggregate of $39.0 million in cash, plus an additional $16.0 million in cash potentially payable under contingent value rights (“CVRs”) to be issued in the proposed acquisition.  Closing of the transaction is subject to specified closing conditions and is expected to occur in the third quarter of 2020, at which time Tetraphase will become a privately held company...