Day: July 20, 2020
CINCINNATI, July 20, 2020 (GLOBE NEWSWIRE) — The Hillman Companies, Inc. (NYSE-AMEX: HLM.PR) (the “Company” or “Hillman”) reported today selected summary financial results for the twenty-six weeks ended June 27, 2020. Notice: The following disclosure is being made because a similar disclosure is being made by one of the Company’s private equity owners to its investors and prospective investors.Adjusted EBITDA (earnings before interest, income tax, depreciation, and amortization) is a non-GAAP financial measure. Refer to the “Reconciliation of Adjusted EBITDA” section of this press release for additional information as well as reconciliations between the company’s GAAP and non-GAAP financial results.Net Debt is a non-GAAP financial measure. Refer to the “Reconciliation of Net Debt” section of this press release for additional...
Sunrun Announces Date and Conference Call Details for Second Quarter 2020 Earnings Report
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SAN FRANCISCO, July 20, 2020 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN) today announced that it will issue its second quarter 2020 earnings report after the market closes Monday, August 10, 2020.A conference call has been scheduled to discuss these earnings results at 2:00 p.m. Pacific Time. The conference call can be accessed live via the Sunrun Investor Relations website at http://investors.sunrun.com or over the phone by dialing 877-407-5989 (toll-free) or 201-689-8434 (international). An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month.About Sunrun Sunrun Inc. (Nasdaq: RUN) is the nation’s leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean...
DLH Announces Participation in Noble Virtual Road Show
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ATLANTA, July 20, 2020 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading healthcare and human services provider to the federal government, today announced their participation in Noble Capital Markets’ Virtual Road Show Series, presented by Channelchek, scheduled for July 22, 2020.The virtual road show will feature a corporate presentation from CEO & President Zachary Parker and CFO Kathryn Johnbull, followed by a Q&A session proctored by Noble Analyst Joe Gomes, featuring questions submitted by the audience.The live broadcast of the virtual road show is scheduled for July 22, 2020, at 9 AM EDT. Registration is free but limited to 100. Register Here.About DLHDLH (NASDAQ:DLHC) serves federal government clients throughout the United States and abroad delivering technology enabled solutions...
Cohen & Company Announces Successful Launch of €375 Million PriDe III Funds
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PHILADELPHIA and New YORK, July 20, 2020 (GLOBE NEWSWIRE) — Cohen & Company Inc. (NYSE American: COHN) (“Cohen & Company”) today announced that, Cohen & Company Financial (Europe) Limited (“CCFEL”), an investment advisory subsidiary of Cohen & Company, successfully closed a series of closed-end investment vehicles with total commitments in excess of €375 million (collectively referred to as “PriDe III Funds” or “PriDe III”). PriDe III is the latest series of funds advised by CCFEL (the “PriDe Program”) that focus on investing in Tier II capital instruments issued by small and mid-size insurance companies that have limited access to capital markets. The PriDe Program enables insurers to enhance their regulatory capital ratios, fund acquisitions or internal growth, reduce reinsurance costs and/or lower their...
Better Choice Company Announces New $7.5 Million Revolving Credit Facility with Citizens Bank at L+250 Interest Rate
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NEW YORK, July 20, 2020 (GLOBE NEWSWIRE) — Better Choice Company (OTCQB: BTTR) (“Better Choice”), an animal health and wellness company, today announced that it has entered into a new $7.5 million two-year revolving credit facility (the “New Credit Facility”) with Citizen’s Business Bank (“Citizen’s Bank”) to support its future growth initiatives. The New Credit Facility matures on July 5, 2022 and bears an annual interest rate of LIBOR plus 250 basis points.“Our current cashflow position is strong, and we are pleased to complete this New Credit Facility on terms that will provide Better Choice with a greater amount of financial flexibility and better position the Company for long-term success,” said Werner von Pein, CEO of Better Choice. “We appreciate the support of our lenders as this new facility lowers our cost of capital by...
AzurRx BioPharma Closes $15.2 Million Private Placement and $6.9 Million Convertible Note Exchange
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Private placement resulting in gross cash proceeds of $15.2 million to advance two Phase 2 clinical trials of MS1819 in patients with cystic fibrosisExchange of $6.9 million principal amount of outstanding promissory notes into private placement strengthens balance sheetNEW YORK, July 20, 2020 (GLOBE NEWSWIRE) — AzurRx BioPharma (NASDAQ: AZRX), (“AzurRx” or the “Company”), today announced that on July 16, 2020, it entered into a Convertible Preferred Stock and Warrant Securities Purchase Agreement (the “Purchase Agreement”) with certain accredited and institutional investors relating to the private placement (the “Private Placement”) of certain shares of convertible preferred stock and warrants for cash and in exchange for certain outstanding promissory notes as described below.Pursuant to the Purchase Agreement, the Company issued...
WeedMD Partners with CannTx Life Sciences to Enhance Genetics Bank of New Cultivars and Preserve its Elite Proprietary Cannabis Strains
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TORONTO, July 20, 2020 (GLOBE NEWSWIRE) — WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, announced today it has partnered with Guelph-based CannTx Life Sciences Inc. (“CannTx”) to add new cultivars to its genetics bank and expand the lifecycle of the Company’s prized cannabis cultivars using cutting-edge tissue culture techniques via Steadystem Solutions (“Steadystem”). Tissue culture is an innovative and widely-recognized practice in agriculture used for preserving plant integrity, crop health and genetic accuracy. Under the Steadystem program, nodal segment cultures are collected from WeedMD’s mother plants and regenerated using an in-vitro platform to re-produce historical cannabinoid and terpene profiles.“WeedMD is recognized...
Krystal Biotech Appoints Whitney Ijem as Senior Vice President, Strategy and Business Development
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PITTSBURGH, July 20, 2020 (GLOBE NEWSWIRE) — Krystal Biotech, Inc. (Nasdaq:KRYS), a fully integrated gene therapy company driven by its proprietary, engineered herpes simplex virus type 1 vector (HSV-1) platform, today announced the appointment of Whitney Ijem to the newly created position of Senior Vice President, Strategy and Business Development. Ms. Ijem joins Krystal from Guggenheim Securities, where she served as Managing Director and Senior Biotechnology Analyst covering genetic medicine and rare disease companies. Ms. Ijem will join Krystal this month and will take a place on the company’s leadership team.“We are thrilled to welcome Whitney to Krystal Biotech,” said Krish S. Krishnan, chairman and chief executive officer of Krystal Biotech. “Whitney’s deep knowledge of the gene therapy space and the Company and her...
ADDvantage Technologies Announces Two Senior Executive Appointments
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CARROLLTON, Texas, July 20, 2020 (GLOBE NEWSWIRE) — ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today announced that Reginald Jaramillo has been promoted to President of Telecommunications and Jimmy Taylor has been confirmed as the permanent President of Wireless Services. Taylor was named interim President of Wireless Services in February 2020.“These appointments recognize and elevate the proven leadership talent of both Reggie and Jimmy from within our organization and give us the team we need to reach the next level of our corporate evolution,” commented Joe Hart, Chief Executive Officer. “Jimmy’s robust executive-level experience and contacts in the wireless infrastructure services industry will help us reach our full potential as the industry prepares for significant growth...
CNB Financial Corporation Completes Acquisition of Bank of Akron
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Expands BankOnBuffalo’s Market AreaCLEARFIELD, Pa., July 20, 2020 (GLOBE NEWSWIRE) — CNB Financial Corporation (NASDAQ: CCNE), the parent company of CNB Bank, today announced that it has completed its acquisition of Bank of Akron (OTC: BARK), a state bank in Akron, NY. Under the terms of the merger agreement, Bank of Akron has merged with and into CNB Bank, with CNB Bank as the surviving institution. Banking offices of Bank of Akron will operate under the trade name BankOnBuffalo, a division of CNB Bank.On a proforma basis and excluding the impact of purchase accounting, as of June 30, 2020, the combined company has approximately $4.9 billion in total assets and 45 full-service banking offices, located in central and western Pennsylvania, northeast and central Ohio, and western New York.“We are excited to have completed this transaction...