Day: July 17, 2020

COS COB, Conn., July 17, 2020 (GLOBE NEWSWIRE) — Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) (the “Company”), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, today announced the closing of its underwritten public offering of an aggregate principal amount of $21 million 9.5% Notes due 2025 (“Notes”). The Notes are expected to begin trading on Nasdaq under the symbol “CSSEN” within 30 days of the original issue date. The Notes will not be convertible into or exchangeable for any of the Company’s other securities.Interest payments will be made quarterly in arrears on March 31, June 30, September 30, and December 31 each year, beginning September 30, 2020. The Company can redeem the Notes, in whole or in part, at any time on or after July 31, 2022 or upon a change of control...

VANCOUVER, British Columbia, July 17, 2020 (GLOBE NEWSWIRE) — Rockridge Resources Ltd. (TSX-V: ROCK) (“Rockridge”) (the “Company”) announces, pursuant to its stock option plan, that the Company has granted incentive stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 1,500,000 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.175 per share. The Company’s 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held in 2019.About Rockridge Resources Ltd.:Rockridge Resources is a publicly traded mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties in Canada and other mining-friendly jurisdictions. The Company’s...

AMESBURY, Mass., July 17, 2020 (GLOBE NEWSWIRE) — Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended June 30, 2020 of $3.3 million, or $0.18 per diluted share, compared to $2.5 million, or $0.13 per diluted share, for the three months ended June 30, 2019. Net income for the six months ended June 30, 2020 was $4.5 million, or $0.25 per diluted share, compared to $4.8 million, or $0.25 per diluted share, for the six months ended June 30, 2019. As a result of the completion of the second-step conversion and related stock offering in October 2019, all historical share and per share information has been restated to reflect the 2.0212-to-one exchange ratio.The Company also announced that its Board of Directors has declared a...

EMLENTON, Pa., July 17, 2020 (GLOBE NEWSWIRE) — Emclaire Financial Corp (NASDAQ:EMCF), the parent holding company of The Farmers National Bank of Emlenton, reported consolidated net income available to common stockholders of $1.2 million, or $0.44 per diluted common share, for the three months ended June 30, 2020, a decrease of $846,000, or 41.3%, from $2.0 million, or $0.75 per diluted common share, reported for the comparable period in 2019. Net income available to common stockholders for the six-month period ended June 30, 2020 was $2.4 million, or $0.88 per diluted common share, a decrease of $1.7 million, or 42.1%, from $4.1 million, or $1.52 per diluted common share, for the same period in 2019. The decrease in net income for both periods compared to the same periods in 2019 resulted from a decrease in net interest income...

PALOS VERDES ESTATES, Calif., July 17, 2020 (GLOBE NEWSWIRE) — Malaga Financial Corporation (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended June 30, 2020 was $4,620,000 ($0.63 basic and fully diluted earnings per share), an increase of $859,000 or 23% from net income of $3,761,000 ($0.52 basic and fully diluted earnings per share, as adjusted for stock dividends declared on November 15, 2019) for the quarter ended June 30, 2019. Net income for the quarter ended June 30, 2020 was $4,620,000 ($0.63 basic and fully diluted earnings per share), an increase of $436,000 or 10% from net income of $4,184,000 ($0.57 basic and fully diluted earnings per share) for the quarter ended March 31, 2020.  Net income for the six months ended June 30, 2020 was $8,804,000 ($1.20 basic and fully...

MALVERN, Pa., July 17, 2020 (GLOBE NEWSWIRE) — Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on improving the lives of patients who suffer from psychiatric disorders, announced that, in connection with the hiring of Keith J. Sullivan as the company’s President and Chief Executive Officer on July 14, 2020, the company’s Board of Directors authorized the grant to Mr. Sullivan of the following long term equity incentive grants as an inducement material to him accepting employment with the company, each of which was made outside of Neuronetics’ 2018 Equity Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4) with vesting subject to Mr. Sullivan’s continued employment with the company on the relevant vesting date:500,000 restricted stock units, 25% of which will vest annually. Each...

NEW YORK, July 17, 2020 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) is scheduled to report financial results for the three and six months ended June 30, 2020 after the close of market on August 5, 2020. New York Mortgage Trust’s executive management will host a conference call and audio webcast at 9:00 a.m., Eastern Time, on Thursday, August 6, 2020. The conference call dial-in number is 877-312-8806.A live audio webcast of the conference call can be accessed via the Internet, on a listen-only basis, at the Investor Relations section of the Company’s website at www.nymtrust.com. Please allow extra time, prior to the call, to visit the site and download the necessary software to listen to the Internet broadcast.A replay of the conference call will be available by calling 855-859-2056....

QUEBEC CITY, July 17, 2020 (GLOBE NEWSWIRE) — Benoit Chotard, President of Orletto Capital II Inc. (“Orletto”) (TSX-V “OLT.P”), a Capital Pool Company, announces the termination of the agreement in principle (the “Agreement”) concluded with MiMedia Inc. (“MiMedia”) for the realization of a qualifying transaction, as per Policy 2.4 of the TSX Venture Exchange Corporate Finance Manual, as previously announced on July 30, 2019.On January 28, 2020, Orletto announced that the final date upon which Orletto and MiMedia had initially agreed to achieve certain milestones pursuant to the Agreement had been extended to take place on or prior to June 30, 2020. However, the terms and conditions contained in the Agreement were not executed by June 30, 2020. Consequently, it has been decided, by common agreement, not to proceed with the qualifying...

QUÉBEC, 17 juill. 2020 (GLOBE NEWSWIRE) — Benoit Chotard, président de Capital Orletto II inc. (« Orletto ») (TSX-V « OLT.P »), une société de capital de démarrage, annonce la résiliation d’un accord de principe (l’« Accord ») conclu avec MiMedia inc. (« MiMedia ») en vue de la réalisation d’une opération admissible, telle que définie à la Politique 2.4 du Guide de financement des sociétés de la Bourse de croissance TSX et tel que préalablement annoncé le 30 juillet 2019.Le 28 janvier 2020, Orletto a annoncé que la date limite à laquelle Orletto et MiMedia avaient initialement convenu de franchir certains jalons conformément à l’Accord avait été prolongée pour avoir lieu au plus tard le 30 juin 2020. Cependant, les conditions contenues dans l’Accord n’ont pas été exécutées au 30 juin 2020. Par conséquent, il a été décidé, d’un...

MONTREAL, July 17, 2020 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, is pleased to announce the completion and funding on July 8th 2020 of a new financing agreement with Bank of Montreal, acting as lead-arranger and sole bookrunner for the syndication of a new credit facility. Pursuant to this transaction, the Company and its US subsidiary company, Velan Valve Corp., refinanced its demand credit facilities and put in a place a new 3-year revolving facility of USD $65,000,000. The facility will be used for general corporate purposes and will provide the Company’s North American operations with the necessary liquidity to pursue its strategic objectives, including the V20 Transformation Plan.Réjean Ostiguy, CFO of Velan Inc., said, “This new financing provides the necessary...