Month: June 2020
PUNE, June 22, 2020 (GLOBE NEWSWIRE) — The global Linux Operating System market size is projected to reach USD 15.64 billion by the end of 2027. The increasing product applications across diverse industry verticals will bode well for market growth. According to a report published by Fortune Business Insights, titled “Linux Operating System Market Size, Share & Covid-19 Impact Analysis, By Distribution (Virtual Machines, Servers and Desktops), By End-use (Commercial/Enterprise and Individual), and Regional Forecast, 2020-2027,” the market was worth USD 3.89 billion in 2019 and will exhibit a CAGR of 19.2% during the forecast period, 2020-2027.Linux operating systems are used in several applications by major companies across the world. They are used to develop several coding languages and build embedded systems on a large scale....
REITIR: Birting viðauka við grunnlýsingu
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Reitir fasteignafélag hf., kt. 711208-0700, Kringlunni 4-12, 103 Reykjavík, hefur birt viðauka við grunnlýsingu dagsetta 14. febrúar 2020 sem birt var í tengslum við útgáfuramma skuldabréfa. Viðaukinn er dagsettur 22. júní 2020 og er hann gerður í tengslum við beiðni um framlengingu á gildistíma grunnlýsingarinnar í samræmi við ákvæði til bráðabirgða í lögum nr. 14/2020 um lýsingu verðbréfa sem boðin eru í almennu útboði eða tekin til viðskipta á skipulegum markaði. Viðaukinn er staðfestur af Fjármálaeftirlitinu og skoðast sem hluti af grunnlýsingunni.Fossar markaðir hf. hafði umsjón með því ferli að fá viðaukann við grunnlýsinguna staðfestan hjá Fjármálaeftirlitinu. Viðaukinn er hér meðfylgjandi og verður einnig birtur á vefsíðu útgefanda, www.reitir.is/skuldabref. Grunnlýsinguna og viðaukann má nálgast á vefsíðunni á gildistíma grunnlýsingarinnar...
Forum Merger II Announces Tattooed Chef will Virtually Present at the Jefferies Consumer Conference
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Paramount, California and Delray Beach, Florida, June 22, 2020 (GLOBE NEWSWIRE) — Forum Merger II Corporation (Nasdaq: FMCI) (“Forum” or the “Company”), today announced that Tattooed Chef will virtually present at the Jefferies Consumer Conference on Tuesday, June 23, 2020 at 11:30am ET. Investors and interested parties may listen to a webcast of the presentation by visiting http://wsw.com/webcast/jeff127/ittf/ and a replay will be available on the Company’s investor relations website at www.forummerger.com.On June 12, 2020, Forum and Ittella International, a plant-based food company with a broad portfolio of innovative products available under the Company’s “Tattooed Chef” brand and in private label, announced a definitive agreement to combine to form Tattooed Chef, Inc. Completion of the proposed transaction is subject to Forum...
Agreement in Principle on Financial Restructuring Plan
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PRESS RELEASEAGREEMENT IN PRINCIPLE ON FINANCIAL RESTRUCTURING PLAN€420 MILLION NEW FINANCING AND DELEVERAGING THROUGH € 660 MILLION DEBT EQUITIZATIONOPENING OF AN ACCELERATED FINANCIAL SAFEGUARD PROCEDUREParis (France), 22 June 2020 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) (the “Company”) announces today that it has reached an agreement in principle on a financial restructuring plan (the “Agreement In Principle”), which meets the Company’s objectives of (i) obtaining a new financing in an amount of €420 million, addressing the liquidity needs of the Group and (ii) deleveraging the Company’s balance sheet, through the equitization of up to €660 million of its Term Loan B and Revolving Credit Facility. The Company has received the support of a majority (65,77%1) of its lenders under the Term Loan B and Revolving Credit Facility...
Accord de Principe sur le Plan de Restructuration Financière
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COMMUNIQUE DE PRESSE ACCORD DE PRINCIPE SUR LE PLAN DE RESTRUCTURATION FINANCIERENOUVEAU FINANCEMENT DE 420 MILLIONS D’EUROS ET REDUCTION DE L’ENDETTEMENT A HAUTEUR DE 660 MILLIONS D’EUROS PAR CONVERSION EN CAPITALOUVERTURE D’UNE PROCEDURE DE SAUVEGARDE FINANCIERE ACCELEREEParis (France), 22 juin 2020 – Technicolor (Euronext Paris : TCH ; OTCQX : TCLRY) (la « Société ») annonce aujourd’hui qu’elle est parvenue à un accord de principe sur un plan de restructuration financière (l'”Accord de Principe“), qui répond aux objectifs de la Société (i) d’obtenir un nouveau financement d’un montant de 420 millions d’euros, qui répond aux besoins de liquidités du Groupe et (ii) de réduire l’endettement de la Société à hauteur de 660 millions d’euros, via conversion en capital de sa...
Adevinta ASA (ADE) – Adevinta divests Dominican Republic marketplace Corotos
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Oslo, 22 June 2020 – Adevinta ASA (ADE) has signed an agreement for the sale of Corotos, its online marketplace in the Dominican Republic, to three local entrepreneurs: Alvaro De Camps, Managing Partner at Antares Equity Partners; Javier Lara, co-founder at Bonita Real Estate Group; and Sergio Dario Reyes, partner and CTO at 7Labs.Corotos holds a solid leadership position in the highly competitive Dominican Republic market with over 1.3 million unique users per month. The change in ownership represents an opportunity for the marketplace to pursue its growth story by developing its product portfolio locally, taking advantage of local synergies, and positioning itself as a truly local platform.“Our comprehensive strategic review has shown that local ownership will best position Corotos for long-term growth and success, so we have...
Gold X Announces the Appointment of Robert Friedland as Non-Executive Chairman
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VANCOUVER, British Columbia, June 22, 2020 (GLOBE NEWSWIRE) — Gold X Mining Corp. (TSX-V: GLDX, OTCQX: SSPXF) (“Gold X” or the “Company”) is very pleased to announce the appointment today of Robert Friedland as Non-Executive Chairman of Gold X. Gold X’s current Chairman and Chief Executive Officer, Paul Matysek will relinquish the Chairman role but will remain a director and its CEO.Paul Matysek commented, “The great Michael Jordan once said, ‘Some people want it to happen, some wish it would happen, others make it happen’. Robert Friedland has crafted a life of success after success and I’m thrilled that he has joined our Board as Chairman to keep making it happen for Gold X and our valued shareholders.”Mr. Friedland continued, “Paul and I had the pleasure to work together very successfully at Potash One, where I was the Chairman,...
Expereo acquires Comsave, the network connectivity intelligence and sourcing platform
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AMSTERDAM, June 22, 2020 (GLOBE NEWSWIRE) — Expereo, the global provider of managed Internet, Cloud access, and SD-WAN solutions, announces the acquisition of connectivity intelligence platform Comsave, accelerating the automation of sourcing and provisioning of its suite of global Internet access services.Comsave pioneers an industry-disruptive e-commerce platform, automating the sourcing and provisioning of Internet and last-mile access services across multiple service providers.The acquisition reflects Expereo’s commitment to simplify global networking for multinational enterprises and service providers. It also accelerates the establishment of Expereo’s digital platform expereo.one as the platform of choice for sourcing and managing global Internet, Cloud access, and SD-WAN solutions, putting control in customers’...
Mackinac Financial Corporation Declares Cash Dividend on Common Stock
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MANISTIQUE, Mich., June 22, 2020 (GLOBE NEWSWIRE) — Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the “Bank”), announced the approval of a cash dividend by its Board of Directors on June 22, 2020. The Board of Directors declared a cash dividend of $.14 per common share for the second quarter of 2020, payable July 20, 2020 to shareholders of record at July 6, 2020. The dividend is unchanged from the prior quarter’s dividend.Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.3 billion and whose common stock is traded on the NASDAQ stock market as “MFNC.” The principal subsidiary of the Corporation is mBank. Headquartered in Manistique, Michigan, mBank has 29 branch locations; eleven in the Upper Peninsula,...
Prosalutis Holdings Inc. changes its name to Fast Line Holding Inc.
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TORONTO, June 22, 2020 (GLOBE NEWSWIRE) — Fast Line Holding Inc. (the “Company” or “Fast Line”) (OTC: GFGVF) The Company is announcing that it changed its name on August 10, 2018 from Prosalutis Holdings Inc. to Fast Line Holding Inc.These changes reflect the sale of the Company. Fast Line (f/k/a Prosalutis) acquired a total of 5,000 Shares of a Dubai company named Fast Telecom General Trading LLC in exchange for 260,000,000 Shares in Fast Line (f/k/a Prosalutis) with a total value of 1,300,000,000 EUR. The shares are being issued as follows:1) Fadi Aon Ibrahim Alshami: 97,500,000 Shares2) Ali Moh’d Salem Abu Abas: 97,500,000 Shares3) Abdulla Al Ali & Associates Advocates & Legal Consultants: 26,000,000 Shares4) Trends Investments Inc. or its Nominees: 13,000,000 SharesThe company...
