Month: June 2020

NEEDHAM, Mass., June 30, 2020 (GLOBE NEWSWIRE) — Chiasma, Inc. (NASDAQ: CHMA), a commercial biopharmaceutical company focused on developing and commercializing oral therapies utilizing its proprietary Transient Permeability Enhancer (TPE®) delivery platform technology to reduce the burden of chronic injections for people with rare diseases, today announced that it has commenced an underwritten public offering of its common stock, and, to certain investors in lieu thereof, pre-funded warrants to purchase shares of its common stock. In addition, Chiasma expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of common stock plus the shares of common stock underlying the pre-funded warrants sold in connection with the offering. All of the securities to be sold in the offering are...

BRYN MAWR, Pa., June 30, 2020 (GLOBE NEWSWIRE) — Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company, expects to report second quarter 2020 financial results after markets close on Monday, July 20, 2020.  The Corporation will hold its earnings conference call at 8:30 a.m. Eastern Time on Tuesday, July 21, 2020. Interested parties may participate by calling 1-888-317-6016.  A taped replay of the conference call will be available one hour after the conclusion of the call and will remain available through 9:00 a.m. Eastern Time on Friday, August 21, 2020.  This recording may be obtained by calling 1-877-344-7529, referring to conference number 10145764.The Corporation will simultaneously broadcast the earnings conference call live over the Internet through a webcast on the investor relations...

OTTAWA, June 30, 2020 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) today acknowledged that SolGold plc (“SolGold”) has formally commenced an unsolicited offer (the “Hostile Bid”) to acquire all of the issued and outstanding common shares of Cornerstone, nearly eighteen months since announcing its intention to make a takeover bid for Cornerstone on January 31, 2019.As noted in Cornerstone’s March 8, 2019 press release in response to SolGold’s initial proposed bid, Cornerstone’s Board of Directors, upon the unanimous recommendation of an independent committee of the Board and following a detailed review conducted in consultation with its financial and legal advisors, at that time unanimously determined to reject the proposed bid on the basis...

DAYTONA BEACH, Fla., June 30, 2020 (GLOBE NEWSWIRE) — CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of its two-tenant, non-gas 7-Eleven property located in Dallas, Texas, for a sales price of approximately $2.4 million, reflecting an exit cap rate of approximately 6.08%.The Company also announced the closing of the sale of its Bank of America ground lease located in Monterey, California, for a sales price of approximately $9.0 million, reflecting an exit cap rate of approximately 3.28%.  The property is currently under a 10-year ground lease to Bank of America. The Company’s estimated total gain on the sale for both dispositions is approximately $3.8 million, or $0.62 per share, after tax.  The proceeds from both sales are expected to be part of a future Section 1031 like-kind exchange. ...

AUSTIN, Texas, June 30, 2020 (GLOBE NEWSWIRE) — Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today that the Atlas/ATC Baton Rouge Office has been selected by East Baton Rouge Parish to design the Sherwood Forest Drive Extension project.   The approximately $30 M, 2-mile greenfield project is part of the East Baton Rouge Parish’s $1B Road Rehabilitation and Mobility Enhancement Program known as MOVEBR.  Atlas will provide Road/Bridge Design, Geotechnical Design, Flood Plain Analysis (to include fill mitigation and detention design), Hydrologic & Hydraulic Modeling, Drainage Design, Green Infrastructure Planning and Design, Complete Streets, Utility Coordination, Subsurface...

VANCOUVER, British Columbia, June 30, 2020 (GLOBE NEWSWIRE) — Fosterville South Exploration Ltd (TSX-V: FSX) (“Fosterville South”) has appointed Clarus Securities Inc. as Lead Agent on behalf of a syndicate of agents, to sell, by way of a private placement on a commercially reasonable best efforts basis, up to 1,875,000 units of Fosterville South (the “Units”) at a price per Unit of $4.00 (the “Issue Price”) for aggregate gross proceeds of up to $7,500,000. Each Unit will consist of: (i) one common share (each, a “Common Share”); and (ii) one-half of one common share purchase warrant (the “Warrants”). Each Whole Warrant will entitle the holder to purchase a Common Share at an exercise price of $4.95 for a period of 24 months following the closing of the Offering.Participants in this financing will be eligible to receive one common...

HOUSTON, June 30, 2020 (GLOBE NEWSWIRE) — KA Fund Advisors, LLC, which serves as the adviser to Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) and Kayne Anderson Midstream/Energy Fund, Inc. (NYSE: KMF), announced today that as part of a succession plan previously announced in January 2019, Kevin McCarthy has stepped down as Chairman of the Board of Directors of KYN and KMF. Additionally, KYN and KMF have appointed Michael Levitt, CEO of Kayne Anderson Capital Advisors, L.P., as a director and Jim Baker, CEO of KYN and KMF, as Chairman of the Board of Directors.“On behalf of the entire management team at Kayne Anderson, I want to thank Kevin for his contributions to the firm’s success over the last 16 years,” said Mr. Levitt, “and we look forward to Mr. McCarthy’s continued service on Kayne Anderson’s Executive Committee...

SPARTANBURG, S.C., June 30, 2020 (GLOBE NEWSWIRE) — Denny’s Corporation (NASDAQ: DENN) (“Denny’s” or the “Company”), franchisor and operator of one of America’s largest franchised full-service restaurant chains, today announced that it has commenced an underwritten public offering of 8,000,000 shares of its common stock, $0.01 par value (“Common Stock”).  In addition, Denny’s expects to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of Common Stock.  Denny’s intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional shares of Common Stock, for general corporate purposes.Wells Fargo Securities, LLC, Citizens Capital Markets and Regions Securities LLC will act as joint book-running managers in connection...

DAYTONA BEACH, Fla., June 30, 2020 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced the acquisition of a net-leased retail income property for a purchase price of approximately $20.6 million, representing a going-in cap rate of 6.65% with approximately 6.6 years remaining on the lease term.  The Company funded the acquisition with cash on hand and a draw of approximately $13 million from its line of credit.The 23-acre property includes an approximately 220,000 square foot building leased to Wal-Mart Real Estate Business Trust which was developed in 1999.  The lease is guaranteed by Walmart, Inc. which carries a AA rating by Standard and Poor’s.  The property is in Howell, Michigan, which is situated along I-96 and serves as a center point between Detroit, Lansing and Ann Arbor.  The property...

–   Topline data from ENHANCE-IT study of MAT9001 vs. Vascepa® expected in Q1 2021   – –   EnACT remains on track for cohort progression in Q4 2020   –BEDMINSTER, N.J., June 30, 2020 (GLOBE NEWSWIRE) — Matinas BioPharma Holdings, Inc. (NYSE AMER: MTNB), today announced that it has commenced enrollment and started dosing patients in the ENHANCE-IT study and that it expects to resume dosing patients in the EnACT study imminently, following the recent receipt of necessary governmental and regulatory approvals in Uganda.  Both studies had temporarily paused enrollment in March due to the COVID-19 pandemic.“I am extremely pleased with our execution and progress during a period of significant uncertainty, given all of the ramifications of the ongoing COVID-19 pandemic. Resuming enrollment in both ENHANCE-IT and...