Month: June 2020

ENGLEWOOD CLIFFS, N.J., June 10, 2020 (GLOBE NEWSWIRE) — ConnectOne Bancorp, Inc. (Nasdaq: “CNOB”) (the “Company”), the holding company for ConnectOne Bank (the “Bank”), today announced the pricing of its public offering of $75 million aggregate principal amount of 5.750% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”). The price to the public for the Notes was 100% of the principal amount of the Notes. Interest on the Notes will accrue at a rate equal to (i) 5.750% per annum from the original issue date to, but excluding, June 15, 2025, payable semiannually in arrears, and (ii) a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Notes), plus a spread of 560.5 basis points from, and including, June 15, 2025, to, but excluding the maturity date or...

FALLS CHURCH, Va., June 10, 2020 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) announced it has elected David Abney to its board of directors. Abney is the executive chairman of the UPS board of directors, and served as the chief executive officer of UPS from 2014 until May 2020.“David is an accomplished and respected business leader and is a great addition to our board,” said Kathy Warden, chairman, chief executive officer and president, Northrop Grumman. “His experience leading a complex, global business will be extremely valuable as we continue to position our company for long-term growth.”Abney served as UPS’s chief operating officer prior to becoming chief executive officer, overseeing all facets of UPS’s global transportation network. Prior to this, he was president of UPS International, where he led the...

ANDOVER, Mass., June 10, 2020 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR), a leading provider of high performance power components and systems, today announced the pricing of its public offering of $100 million of shares of its common stock at a price to the public of  $65.00 per share.  In addition, the underwriters have been granted a 30-day option to purchase up to $15 million of additional shares of common stock from Vicor. The offering is expected to close on June 15, 2020, subject to customary closing conditions.Needham & Company is acting as the sole book-running manager for the offering. Craig-Hallum Capital Group is acting as the co-manager for the offering.Vicor intends to use the net proceeds from the offering for the expansion of its manufacturing facilities and other general corporate purposes.The offering...

StarStone U.S. positioned to be a market leader in the specialty property & casualty insurance marketsJeff Consolino to be named CEO and Ed Noonan Executive ChairmanDragoneer, SkyKnight and Aquiline’s investment to provide fresh capacity to specialty property & casualty markets, including E&S propertyHAMILTON, Bermuda, June 10, 2020 (GLOBE NEWSWIRE) — Enstar Group Limited (NASDAQ:ESGR) (“Enstar”) announced today that it has agreed to a recapitalization of StarStone U.S. Holdings, Inc. (“StarStone U.S.” or the “Company”) led by SkyKnight Capital, L.P. (“SkyKnight”), Dragoneer Investment Group (“Dragoneer”) and Aquiline Capital Partners LLC (“Aquiline,” and together with SkyKnight and Dragoneer, the “Investors”). The Investors have committed $610 million in new equity capital which, together with the rollover...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.VANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) — Solstice Gold Corp. (TSXV: SGC) (“Solstice” or the “Company”) is pleased to announce that, further to the Company’s news release dated May 25, 2020, the Company has closed, subject to receipt of final approval from the TSX Venture Exchange (“TSXV”), its non-brokered private placement financing for total proceeds of $1,198,786.64 (the “Private Placement”).The Private Placement consisted the issuance by the Company of: (i) a total of 29,969,666 units (the “Units”), at a price of at $0.04 per Unit,  with each Unit comprising one common share of the Company and one common share purchase warrant.  Each full warrant entitles the holder thereof to purchase one additional common share of the Company...

GRIMSBY, Ontario, June 10, 2020 (GLOBE NEWSWIRE) — Andrew Peller Limited ADW.A/ADW.B (“APL” or the “Company”) announced solid operating performance for the three months and year ended March 31, 2020.FISCAL 2020 HIGHLIGHTS:                                                                               Sales are consistent with last year at $382 million; 2.9% increase in the fourth quarter;Gross margin strengthens to 43.5% from 41.6% last year;Adjusted EBITA rises to $63.2 million from $58.3 million last year;Net earnings increase to $23.5 million from $22.0 million last year;Company continues to perform well during COVID-19 pandemic.“We were pleased with our results in fiscal 2020 as the launch of new products and product categories, combined with our emphasis on higher margin sales and operating cost controls, generated another year...

MCLEAN, Va., June 10, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today announced that its Structured Agency Credit Risk (STACR®) debt notes have received top designations by the National Association of Insurance Commissioners (NAIC) for the 2019 filing year.Overall, Freddie Mac notes received 13 upgrades relative to 2018 year-end designations.2019 Filing Year NAIC Designations Upgrades:Approximately 98 percent of Freddie Mac on the run STACR bonds with a NAIC Designation have a designation of 1, helping to make these securities more attractive to the insurance industry while improving the execution and liquidity of the company’s flagship CRT program. At this time, NAIC has not provided NAIC Price Breakpoints for Freddie Mac’s REMIC Trust and Trust CRT transactions at year-end 2019.NAIC Designations are the specific alphanumeric...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESTORONTO, June 10, 2020 (GLOBE NEWSWIRE) — INV Metals Inc. (“INV Metals” or the “Company”) (TSX:INV) announces that it has filed a final short form base shelf prospectus (the “Shelf Prospectus”) with the securities regulatory authorities in each of the provinces and territories of Canada. This follows the completion of a regulatory review of the preliminary base shelf prospectus, the filing of which was announced on May 14, 2020.The Shelf Prospectus will allow the Company to make offerings of up to $300 million of any combination of common shares, warrants, subscription receipts, units and debt securities (collectively, the “Securities”). The Shelf Prospectus will be effective for a 25-month period, expiring in July 2022. The specific terms of any...

Stockholm, Sweden, June 10, 2020 – Hoylu, a leader in visual collaboration solutions for distributed teams, today announced the preliminary results for its Rights Issue.During the subscription period which ended on 8 June 2020, a total number of 12,225,989 shares have been subscribed for which represents approximately 167 per cent of the maximum number of shares in the Rights Issue. Through the Rights Issue, the company will receive proceeds amounting to approximately SEK 11 million. 1,826,881 shares, equal to approximately 25 per cent of the Rights Issue, have been subscribed for through subscription rights and 10,399,108 shares, equal to approximately 142 per cent of the Rights Issue, have been subscribed for without subscription rights.The final outcome of the Right Issue will be published on or about 12 June 2020 following the board...

Stockholm, Sverige, 10 juni 2020 – Hoylu, ledande inom visuella samarbetslösningar för distribuerade team, redovisar preliminärt utfall i företrädesemissionen.Under teckningsperioden i Hoylu AB:s företrädesemission, som avslutades den 8 juni 2020, har 12 225 989 aktier tecknats vilket motsvarar cirka 167 procent av det högsta antalet aktier i företrädesemissionen. Genom företrädesemissionen tillförs bolaget ca 11 miljoner kronor. I företrädesemissionen har 1 826 881 aktier, motsvarande cirka 25 procent av företrädesemissionen, tecknats med stöd av teckningsrätter och 10 399 108 aktier, motsvarande cirka 142 procent av företrädesemissionen, tecknats utan stöd av teckningsrätter.Slutligt utfall i företrädesemissionen kommer att offentliggöras omkring den 12 juni 2020 efter att styrelsen har godkänt aktieteckningarna och tilldelat aktierna...