Month: July 2020

SHANGHAI, China, July 22, 2020 (GLOBE NEWSWIRE) — Q&K International Group Limited (“Q&K” or the “Company”) (NASDAQ: QK) announced today that one of its subsidiaries has entered into agreements dated July 22, 2020 with a rental service company and its affiliates (collectively, the “Transferor”) pursuant to which it will acquire lease contracts with landlords and tenants and related fixtures, equipment and other assets for approximately 72,200 rental units in China from the Transferor (the “Acquisition”). The total consideration is US$130 million, less certain liabilities to be assumed by the Company pursuant to the Acquisition, payable in installments in a combination of cash and shares of the Company that are subject to lock-ups for certain periods. The Acquisition is subject to customary closing conditions and is expected...

NEWPORT BEACH, Calif. and SALT LAKE CITY, July 21, 2020 (GLOBE NEWSWIRE) — VERB Technology Company, Inc. (NASDAQ: VERB) (“VERB” or the “Company”), a leader in interactive video-based sales enablement applications, including interactive livestream ecommerce, webinar, CRM, and marketing applications for entrepreneurs and enterprises, has today announced the pricing of an underwritten public offering of common stock for gross proceeds of approximately $12 million prior to deducting underwriting discounts and commissions and offering expenses payable by Verb. The offering is comprised of 10,909,090 shares of common stock priced at a public offering price of $1.10 per share.The closing of the offering is expected to take place on or about July 23, 2020, subject to the satisfaction or waiver of customary closing...

HAMILTON, Bermuda, July 21, 2020 (GLOBE NEWSWIRE) — Kiniksa Pharmaceuticals, Ltd. (Nasdaq: KNSA) (“Kiniksa,” “we,” and “our”) announced today the pricing of its public offering of 5,952,381 Class A common shares at a public offering price of $21.00 per share, before underwriting discounts and commissions. The gross proceeds to Kiniksa from this offering, together with the proceeds of the sale of 1,428,572 Class A1 common shares in a concurrent private placement under Section 4(a)(2) of the Securities Act of 1933, before fees and estimated expenses, are expected to be approximately $155.0 million. In addition, Kiniksa has granted the underwriters a 30-day option to purchase up to 892,857 additional Class A common shares at the public offering price, less underwriting discounts and commissions. The public offering is expected to close...

MELBOURNE, Australia, July 21, 2020 (GLOBE NEWSWIRE) — Sam Riggall, Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF), is pleased to announce a collaboration with Relativity Space, Inc. (Relativity) to develop scandium-aluminium alloys for 3D printing of launchers for commercial orbital launch services. The two companies have also agreed a binding Scandium Offtake Heads of Agreement for the Company to supply scandium oxide (volumes to be determined at Relativity’s election) from Clean TeQ’s Sunrise Project in NSW, Australia.The collaboration is consistent with Clean TeQ’s long term strategy, led by Dr. Timothy Langan, manager of Clean TeQ’s scandium alloy development programs, to assist industry players to investigate and develop new applications for scandium-aluminium alloys....

BANNOCKBURN, Ill., July 21, 2020 (GLOBE NEWSWIRE) — Option Care Health, Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH) announced today the pricing of an underwritten offering of 18,000,000 shares of its common stock, which includes 10,000,000 shares offered by the Company and 8,000,000 shares offered by an affiliate of Madison Dearborn Partners (the “Selling Stockholder”), at a price to the public of $12.50 per share. The Selling Stockholder has granted the underwriters a 30-day option to purchase up to 2,700,000 additional shares of common stock. The offering is expected to close on July 24, 2020, subject to customary closing conditions.The Company intends to use the net proceeds received by the Company from the sale of shares of common stock in the offering to repay a portion of its senior secured second lien PIK...

GOLDEN, Colo., July 21, 2020 (GLOBE NEWSWIRE) — Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) announced today that, due to demand, the underwriter has agreed to increase the size of the previously announced offering and purchase on a firm commitment basis 17,857,143 shares of common stock of the Company, at a price to the public of $0.42 per share, less customary underwriting discounts and commissions. The closing of the offering is expected to occur on or about July 23, 2020, subject to satisfaction of customary closing conditions.H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.The Company also has granted to the underwriter a 30-day option to purchase up to an additional 2,678,571 shares of common stock at the public offering price, less...

MARKHAM, Ontario, July 21, 2020 (GLOBE NEWSWIRE) — Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) provided the following statement related to the ongoing COVID-19 pandemic.As one of Canada’s largest providers of health services to seniors through our long-term care homes, retirement communities and home health care services, Extendicare has played a critical part in protecting our most vulnerable citizens during this exceptionally challenging time. “We continue to focus on the safety of our residents, clients and staff. We are preparing for a possible ‘second wave’ by maintaining sufficient levels of personal protective equipment and enhancing infection prevention to address the unique nature of the COVID-19 virus, including universal masking, reducing occupancy in 4-bed rooms to a maximum of two residents and regular...

NORTH LIBERTY, Iowa, July 21, 2020 (GLOBE NEWSWIRE) — Heartland Express, Inc. (“Heartland”) (NASDAQ: HTLD) today announced an agreement pursuant to which an underwriter has agreed to purchase 3,260,870 shares of Heartland’s common stock from a selling stockholder, which will be offered to the public at a price per share of $20.50.  In addition, the underwriter has a 30-day option to purchase up to an additional 489,130 shares of common stock from the selling stockholder. Heartland will not receive any proceeds from the offering.Morgan Stanley is the underwriter for the offering. The shares are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “Commission”). The offering is being made only by means of a prospectus and related preliminary prospectus supplement,...

PORTLAND, Maine, July 21, 2020 (GLOBE NEWSWIRE) — Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that its Board of Directors has approved a share repurchase program to purchase up to $10.2 million of common stock, or up to 600,000 shares of its common stock, representing approximately 7.3% of the Bank’s outstanding common stock.Repurchases under this program may be made in open market transactions.  The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The repurchase program does not obligate the Bank to purchase any particular number of shares.The repurchase program may be suspended or terminated at any time without prior notice, and it will expire July...

TORONTO, July 21, 2020 (GLOBE NEWSWIRE) — Constellation Software Inc. (TSX:CSU) announced today it will release its second quarter results on August 6, 2020.The Company’s quarterly results will be disseminated via press release and made available on the Company’s website (www.csisoftware.com) and SEDAR, after the Toronto Stock Exchange closes on Thursday, August 6, 2020.  As outlined in Constellation’s press release on February 23, 2018, Constellation has ceased holding conference calls to discuss the Company’s quarterly financial results. In lieu of the quarterly calls the Company has created a link on its website where shareholders can submit questions to management. Periodically the Company will publish responses to selected questions received. The Company believes this Q&A facility will eventually prove to be a more effective...