Month: June 2020

MORRISTOWN, N.J., June 24, 2020 (GLOBE NEWSWIRE) — Melinta Therapeutics, Inc. (“Melinta”), a commercial-stage antibiotics company, announced that on June 24, 2020, pursuant to the Agreement and Plan of Merger by and among Melinta, Toronto Transaction Corp. (“Purchaser”) and Tetraphase Pharmaceuticals, Inc. (“Tetraphase”) dated as of June 4, 2020 (the “Merger Agreement”), it had terminated the previously announced cash tender offer to acquire all of the outstanding shares of common stock of Tetraphase (the “Offer”).On June 19, 2020, Tetraphase gave written notice to Melinta and Purchaser that it received a proposed offer from La Jolla Pharmaceutical Company (“La Jolla”) to acquire Tetraphase for $43.0 million in cash, plus an additional $16.0 million in cash potentially payable under contingent value rights to be issued in the transaction...

HINGHAM, Mass., June 24, 2020 (GLOBE NEWSWIRE) — HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS) (“the Bank”), Hingham, Massachusetts, announced that its Board of Directors has declared a regular quarterly cash dividend of $0.43 per share.  This represents an increase of 2% over the previous regular quarterly dividend of $0.42 per share.  The dividend will be paid on July 15, 2020 to stockholders of record as of July 6, 2020.Robert H. Gaughen, Jr., Chairman and Chief Executive Officer of the Bank, in announcing the dividend, stated, “Although recent economic conditions have been extraordinary and the near-term outlook remains uncertain, we remain intently focused on careful capital allocation, defensive underwriting, and disciplined cost control – the building blocks for compounding shareholder capital through all stages of...

CAMBRIDGE, Mass., June 24, 2020 (GLOBE NEWSWIRE) — Evelo Biosciences, Inc. (Nasdaq: EVLO) (“Evelo”), a clinical stage biotechnology company developing a new modality of orally delivered, systemically acting biologic therapies, today announced that it intends to offer and sell, subject to market and other conditions, $40 million of its common stock in an underwritten public offering. Evelo expects to grant the underwriters a 30-day option, solely to cover over-allotments, if any, to purchase up to an additional $6 million of its common stock. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. All of the shares in the proposed offering are to be sold by Evelo.Morgan Stanley, Cowen and BMO Capital Markets are acting as joint book-running managers for the...

Woburn, Mass., June 24, 2020 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a provider of cloud-based digital experience software, announced today that a top online retailer of prescription eyewear has selected Celebros Search by Bridgeline as their site search solution for their online store.The company set out to disrupt the traditional eyewear industry and it has done just that by becoming one of the largest online eyewear retailer in the U.S. The company offers a variety of both high-quality designer and house brands with a wide range of styles and lens types including: single vision lenses, multifocal lenses, Rx sunglasses, sports glasses, kids glasses, contact lenses, digital protection (blue light blocking), anti-reflective coatings and more. The eyewear retailer offers a wide range of premium brands including:...

FCA enters into €6.3 billion credit facility with Intesa Sanpaolo, supporting the restart and transformation of Italy’s automotive sectorFCA Italian companies confirm commitment to implement extensive investment plan for Italy, most of which has already been initiated. New initiatives include development of the new hybrid engine module at Termoli, which will equip the Jeep Renegade, Jeep Compass and Fiat 500X produced at Melfi.FCA Italy S.p.A. (“FCA” or “the Company“) – a wholly owned subsidiary of Fiat Chrysler Automobiles N.V. (NYSE:FCAU / MTA:FCA) – and other Italian companies in the FCA Group announce that they have signed a 3-year, €6.3 billion credit facility with Intesa Sanpaolo, Italy’s largest banking group, the proceeds of which will be dedicated exclusively to FCA’s activities in Italy and...

LOS ANGELES and TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — The Tinley Beverage Company Inc. (“Tinley” or the “Company”) is pleased to announce that its Phase 3 bottling facility in Long Beach, California has passed all remaining municipal inspections.  The facility has received a provisional cannabis manufacturing license from the State of California, and the Company expects production in the facility to begin in mid-July.The Company’s 20,000 square foot bottling facility has successfully passed the City of Long Beach’s electrical, plumbing, health, mechanical, fire, building final and cannabis manufacturing inspections.  The facility has accordingly received a Temporary Certificate of Occupancy from the City of Long Beach, which enables issuance of its Conditional Business License.  This conditional municipal license enables the...

NEW YORK, June 24, 2020 (GLOBE NEWSWIRE) — Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced the pricing of the previously announced private offering (the “Offering”) of $400 million aggregate principal amount of its 5.000% senior notes due 2028 (the “Notes”). The initial offering price to investors will be 100.000% of the principal amount thereof. The Notes will be guaranteed by the Company’s wholly owned domestic restricted subsidiaries that are borrowers under or that guarantee its senior secured credit facilities or that guarantee certain other indebtedness. The offering is expected to close on June 30, 2020, subject to customary closing conditions.MTI intends to use the net proceeds of the Offering (i) to repay all of its outstanding fixed rate term loans, (ii) to repay all of its outstanding borrowings...

SAN FRANCISCO, June 24, 2020 (GLOBE NEWSWIRE) — SuRo Capital Corp. (“SuRo Capital” or the “Company”) (Nasdaq:SSSS) today issued the following statement to provide additional clarity regarding the name change from Sutter Rock Capital Corp. to SuRo Capital Corp., previously announced on Friday, June 19, 2020:On March 12, 2020, a complaint was filed in the United States District Court in the Northern District of California by Sutter Hill Ventures (“Sutter Hill”) alleging that we infringed on Sutter Hill’s federally-registered service mark.  Sutter Hill was seeking an injunction from our use of the SUTTER ROCK and SUTTER ROCK CAPITAL marks and trade names, an unspecified amount of damages and disgorgement of our profits, a determination that the alleged infringement was willful, intentional and deliberate, warranting an award to Sutter...

TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — Datametrex AI Limited (the “Company” or “Datametrex“) (TSXV: DM, FSE: D4G, OTC: DTMXF) wishes to state that the quote by Pierre Gratton, President and CEO of the Mining Association of Canada, was included in error in its previous press release titled “Datametrex Completes Shipping of Second $500,000 Purchase Order to Canadian Mining Company” from June 24, 2020 as it may be taken out of context.The Company did not intend to imply an endorsement from Mr. Gratton nor the Mining Association of Canada for Datametrex or any of its subsidiaries.Datametrex applauds the efforts of the Mining Association on their prevention measures and respects the commitment of Mr. Gratton of staying neutral in his statements to focus on the issues at hand.This correction does not change...

TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce that it held its annual and special meeting of shareholders earlier today (the “AGM”).  At the AGM, management of the Company provided a corporate update, the highlights of which included, among others:Mine Restart – The Company has completed a detailed restart and 18-month operating plan for the Sugar Zone Mine, which will see the mine return to 800 tpd by the end of the year. In the meantime, the care and maintenance teams continue to keep the mine in good stead for recommencement of operations.Transition to Owner-Operator – Steps are being taken to transition to owner-operator mining concurrently with a restart of the Sugar Zone Mine.  Discussions are underway with the Company’s...