Month: June 2020

NEW YORK, June 24, 2020 (GLOBE NEWSWIRE) — Garrison Capital Inc. (Nasdaq: GARS) (“GARS”) and Portman Ridge Finance Corporation (“PTMN”) (Nasdaq: PTMN) announced today that they have entered into a definitive agreement under which GARS will merge with and into PTMN, a business development company managed by Sierra Crest Investment Management LLC (“Sierra Crest”), an affiliate of BC Partners Advisors L.P. (“BC Partners”) and LibreMax Capital LLC. The transaction is the result of the previously announced review of strategic alternatives by GARS and has been approved by a unanimous vote of the Board of Directors of GARS (on the unanimous recommendation of the Special Committee of the Board of Directors of GARS) and the Board of Directors of PTMN. Transaction HighlightsThe combined company will be externally managed by Sierra Crest and,...

MELBOURNE, Australia, June 24, 2020 (GLOBE NEWSWIRE) — Mr Sam Riggall, Managing Director and Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (CLQ:ASX; CLQ:TSX; CTEQF:OTCQX), is pleased to announce that the Company’s BIOCLENS production facility in Tianjin, China, has been successfully commissioned and achieved steady-state operations.In 2018, Clean TeQ acquired an encapsulated bacteria technology comprising technology licences and a production plant for the manufacture of bacteria encapsulated in a polyvinyl alcohol (PVA) lens (BIOCLENS).  BIOCLENS offers significant opportunities in water treatment applications given the bacteria’s ability to break down and remove over ninety percent of harmful nitrates and ammonia from wastewater.  BIOCLENS, with encapsulated bacteria or enzymes, also has potential...

NEW YORK, June 24, 2020 (GLOBE NEWSWIRE) — Garrison Capital Inc. (Nasdaq: GARS) (“GARS”) and Portman Ridge Finance Corporation (“PTMN”) (Nasdaq: PTMN) announced today that they have entered into a definitive agreement under which GARS will merge with and into PTMN, a business development company managed by Sierra Crest Investment Management LLC (“Sierra Crest”), an affiliate of BC Partners Advisors L.P. (“BC Partners”) and LibreMax Capital LLC. The transaction is the result of the previously announced review of strategic alternatives by GARS and has been approved by a unanimous vote of the Board of Directors of GARS (on the unanimous recommendation of the Special Committee of the Board of Directors of GARS) and the Board of Directors of PTMN.Transaction HighlightsThe combined company will be externally managed by Sierra Crest and,...

DEERFIELD, Ill., June 24, 2020 (GLOBE NEWSWIRE) — RTI Surgical Holdings, Inc. (Nasdaq: RTIX), a global surgical implant company, today announced it plans to hold a business update call, and in conjunction release financial and operating results for the quarter ended March 31, 2020, on Tuesday, June 30, 2020, prior to the market open.RTI will host a conference call and simultaneous audio webcast at 9:00 a.m. ET. The conference call can be accessed by dialing (877) 383-7419 (U.S.) or (760) 666-3754 (International), using conference ID 6346397. The webcast can be accessed through the investor section of RTI’s website at www.rtix.com. A replay of the conference call will be available on RTI’s website following the call.About RTI Surgical Holdings, Inc.RTI Surgical is a leading global surgical implant company providing surgeons with...

TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) is pleased to provide an operational update at the Aljustrel, Portugal outdoor medical cannabis site (the “Partnership”) which is jointly operated with Terrace Global Inc. (TSXV: TRCE) (“Terrace Global”).  Flowr is also pleased to announce that the Company has closed on the first tranche of funding (the “First Tranche”) of the Aljustrel Joint Venture in the amount of C$765,600 pursuant to the Equity Line and Profit Share Agreement (the “Agreement”) with Terrace Global.  “We are very pleased by the early results in Aljustrel and look forward to continuing to work closely with Terrace Global to ensure a successful harvest later this year,” commented Vinay Tolia, Chief Executive Officer of Flowr. “Our two companies have...

DENVER, June 24, 2020 (GLOBE NEWSWIRE) — Assure Holdings Corp. (the “Company” or “Assure”) (TSXV: IOM; OTCQB: ARHH), a provider of intraoperative neuromonitoring services (IONM), is pleased to announce that it has signed an agreement (the “Agreement”) with First Health Group (“First Health”), a third party administrator, to provide network access for hundreds of commercial insurance payers throughout the United States. This Agreement binds payors to the contract at a predetermined rate and timeframe, effectively reducing the time it takes to collect payment for these claims.In 2019, First Health received nearly 300 requests from payors for network access to Assure accounts, which represents approximately 5% of Assure’s overall commercial insurance volume.“Providing network access for 5% of Assure’s commercial volume is a meaningful...

IRVING, Texas, June 24, 2020 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ:XELA), a location-agnostic global business process automation (“BPA”) leader across numerous industries, will host a conference call with the financial community to discuss results for the first quarter 2020 at 5:00 p.m. ET on June 30, 2020. Exela will issue a press release reporting its results before the start of the call.  Hosting the call and reviewing the results will be Ron Cogburn, Chief Executive Officer, and Shrikant Sortur, Chief Financial Officer. Following the review, there will be a question and answer session.The conference call will be broadcast live on Exela’s Investor Relations website at http://investors.exelatech.com.First Quarter 2020 Results Webcast and Call Access InformationShortly after the conclusion...

CALGARY, Alberta, June 24, 2020 (GLOBE NEWSWIRE) — Vital Energy Inc. (“Vital” or the “Corporation”) (TSX-V: VUX) announces that, further to its May 26, 2020 news release in relation to the timing of the filing of its interim financial statements for the period ended March 31, 2020, the Corporation still expects to file such documents on or prior to July 14, 2020.Vital confirms that there have been no material business developments since the issuance, on May 26, 2020, of the Corporation’s news release regarding the postponement of the filing of its interim financial statements and the credit facility except for the severe drop in commodity prices has increased the risk of measurement uncertainty in determining the recoverable amounts of petroleum and natural gas assets, especially in the estimation of economic crude oil and natural...

WOODBRIDGE, N.J. and STATEN ISLAND, N.Y., June 24, 2020 (GLOBE NEWSWIRE) — Northfield Bancorp, Inc. (Nasdaq: NFBK) (“Northfield”), parent company of Northfield Bank, and VSB Bancorp, Inc. (OTCQX: VSBN) (“Victory”), parent company of Victory State Bank, jointly announced that at a special meeting held on June 23, 2020, Victory shareholders approved the proposed Agreement and Plan of Merger providing for the merger of Victory with and into Northfield.Northfield’s President and CEO, Steven M. Klein, commented, “The combination of Northfield and Victory demonstrates our shared commitment to bringing two locally grown community banks together to serve the Staten Island community.”“The strong shareholder support we received for this partnership supports the opportunity we see to add value for our employees, customers, community,...