Month: June 2020

NEWPORT BEACH, Calif., June 08, 2020 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”) today announced the adjournment of the Company’s 2020 Special Meeting of Stockholders (the “Meeting”), which was scheduled to be held at 9:00 a.m. on June 8, 2020 but was postponed because due to the absence of quorum to conduct business.Based on the absence of quorum, the board of directors (the “Board”) elected to adjourn the Meeting until 9:00 a.m. (Pacific Time) on July 8, 2020 for the purpose of allowing additional time for stockholders to vote on the Proposals contained in the Proxy Statement dated May 18, 2020 (the “Proxy Statement”).As described in the Proxy Statement, the Meeting will be held for the following purposes:To approve the issuance of shares of the Corporation’s...

ATLANTA, June 08, 2020 (GLOBE NEWSWIRE) — The Providence Service Corporation (“Providence” or the “Company”) (Nasdaq: PRSC), the nation’s largest provider of non-emergency medical transportation (“NEMT”) programs and holder of a minority interest in Matrix Medical Network, today announced that the Company has entered into a strategic Conversion Agreement with Coliseum Capital Management, LLC (“Coliseum”), providing initially for the conversion of 738,240 shares of the Company’s 5.5%/8.5% Series A convertible preferred stock held by Coliseum into cash totaling approximately $80.7 million plus approximately 925,600 shares of Providence common stock. Coliseum owns approximately 96.5% of the Company’s preferred stock, or 765,916 preferred shares.After the initial conversion of Coliseum’s preferred shares, which is expected to occur...

VANCOUVER, British Columbia, June 08, 2020 (GLOBE NEWSWIRE) — Eldorado Gold Corporation (“Eldorado” or “the Company”) announces that it is commencing construction of a three kilometre decline, or tunnel (shown in Figures 1 and 2 below), from the Sigma mill to the 405 metre level of the Triangle mine. The Company is also providing an update on several positive developments in Greece.“We are pleased to begin construction of the decline at Lamaque this summer. This is a project that we have been advancing for nearly a year and is another step towards further production growth and continued value creation at Lamaque. We would like to thank the government of Quebec and all our local stakeholders for their continued support for this project and our Lamaque operations,” said George Burns President and CEO.Lamaque Decline ProjectThe fully...

The acquisition, completed by Michpal Micro Computers, a wholly owned subsidiary of Formula Systems, enables Michpal to expand its operations in the field Financial Accounting, Taxation and Compliance for accounting firms, tax consultants, bookkeepers, controllers, and CFOs.Or Yehuda, Israel, June 08, 2020 (GLOBE NEWSWIRE) — Formula Systems (1985) Ltd. (NASDAQ and TASE: FORTY) announced today that it had completed the acquisition of 70% of the share capital of Liram Finance Software Ltd. (“Liram”).Liram is a provider of proprietary integrated specialized management systems in the field of financial accounting, taxation and compliance, for accounting professionals (accountants and tax consultants), bookkeepers, controllers, and CFOs, giving its clients, for more than 35 years, complete confidence in their actions and decisions. Liram’s...

HOUSTON, June 08, 2020 (GLOBE NEWSWIRE) — DynaEnergetics, a business of DMC Global Inc. (Nasdaq: BOOM), today introduced DS Echo, a perforating system designed for re-frac operations in unconventional oil and gas wells.  The system’s slim design enables deployment within the smaller-diameter secondary casing of a previously completed well. DS Echo is equipped with EchoFrac™ shaped charges, which were developed specifically for re-frac applications. EchoFrac charges deliver uniform entry-hole diameter and enough perforating punch to penetrate two layers of casing, regardless of gun positioning. The result is better fracture treatments, and ultimately, better production volumes.  EchoFrac’s clean perforations of both casings ensure the integrity of the cement sheath between the inner and the outer strings, as well as the cement-to-formation...

PDUFA date could be set by the FDA on July 10VANCOUVER, Washington, June 08, 2020 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today the U.S. Food and Drug Administration (FDA) advised the Company, subject to its ongoing review, it could receive its “PDUFA date” on July 10, 2020.  Under the Prescription Drug User Fee Act (PDUFA), the FDA sets a goal date for the agency to complete its review of a new drug application; this date is commonly referred to as the “PDUFA date.” The FDA’s standard review time for new drug applications is 10 months.  The Company’s drug candidate, leronlimab, was previously granted Fast Track designation by the FDA...

Los Angeles, CA, June 08, 2020 (GLOBE NEWSWIRE) — Los Angeles, CA, June 8, 2020 (GLOBENEWSWIRE) KRONOS ADVANCED TECHNOLOGIES, INC. (OTC MARKETS: KNOS) (“KNOS” or the “Company”), a product development and production company that has significantly changed the way air is moved, filtered, and sterilized today announced that it engaged a PCAOB qualified CPA to audit the past two years of the Company’s financials. “We believe hiring a PCAOB auditor for our Company is a significant move that demonstrates our commitment to shareholders and customers,” said Michael Rubinov, Kronos President. “Preparing for the PCAOB audit will allow us to start the process to move from the OTC markets to achieve a listed company status over the next 3 to 5 quarters.” We decided to begin the work needed...

SOUTH SAN FRANCISCO, Calif., June 08, 2020 (GLOBE NEWSWIRE) — Kezar Life Sciences, Inc. (Nasdaq: KZR), a clinical-stage biotechnology company discovering and developing novel small molecule therapeutics to treat unmet needs in autoimmune disease and cancer, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. All of the common stock in the offering will be sold by Kezar. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.Jefferies, Cowen and William Blair are acting as joint book-running managers for the offering. Kezar expects to grant the underwriters a 30-day option to purchase additional shares of common stock in the proposed offering of...

HICKSVILLE, NY, June 08, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Can B Corp. (OTCQB: CANB) (“Can B” or the “Company”), a diversified health and wellness company, is pleased to announce the signing of the Hemp Processing Use Agreement (“Agreement”) executed on May 28, 2020, between Green Grow Farms, Inc. (“Green Grow Farms”), a wholly-owned subsidiary of Can B, and Mediiusa Group, Inc. (“Mediiusa”).“With the signing of this agreement, I am pleased to report Can B, through our Green Grow Farms division, will achieve full vertical integration,” said Marco Alfonsi, CEO.Alfonsi continued, “Can B presently grows its own hemp through its Green Grow Farms Division and now, we can process that hemp under our exclusive agreement with Mediiusa’s utilizing their Hemp Processing Registration with the State of New York. That hemp biomass can...

Ferratum Oyj – Managers’ Transactions____________________________________________Person subject to the notification requirementName: LL Capital Investments OÜPosition: Closely associated person(X) Legal person(1):Person Discharging Managerial Responsibilities In IssuerName: Liigus, LeaPosition: Member of the BoardIssuer: Ferratum OyjLEI: 74370078YLPFWHE33716Notification type: INITIAL NOTIFICATIONReference number: 74370078YLPFWHE33716_20200608104036_6____________________________________________Transaction date: 2020-06-04Venue: XETRA – REGULIERTER MARKT (XETA)Instrument type: SHAREISIN: FI4000106299Nature of the transaction: ACQUISITIONTransaction details(1): Volume: 5,000 Unit price: 5 EURAggregated transactions(1): Volume: 5,000 Volume weighted average price: 5 EUR