Month: July 2020

PLEASANTON, Calif., July 08, 2020 (GLOBE NEWSWIRE) — 10x Genomics (Nasdaq: TXG) today announced it will report financial results for the second quarter 2020 after market close on Tuesday, August 11, 2020. The company’s management will webcast a corresponding conference call beginning at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to discuss its results, business developments and outlook.Live audio of the webcast will be available on the “Investors” section of the company website at: www.10xgenomics.com. The webcast will be archived and available for replay for at least 45 days after the event.About 10x Genomics10x Genomics is a life science technology company building products to interrogate, understand and master biology to advance human health. The company’s integrated solutions include instruments, consumables and software...

CHATTANOOGA, Tenn., July 08, 2020 (GLOBE NEWSWIRE) — Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant”) today announced the sale of the transportation factoring assets of its Transport Financial Solutions (“TFS”) segment to Triumph Business Capital for approximately $132.2 million, including contingent consideration of approximately $9.9 million. Triumph Business Capital is an indirect wholly owned subsidiary of Triumph Bancorp, Inc. (NASDAQ: TBK) (“Triumph”).Chairman and Chief Executive Officer, David R. Parker, commented: “TFS has grown significantly since inception in late 2011 and delivered consistently strong margins and returns. With a critical mass of over $100.0 million of capital deployed and strong growth opportunities, it was time to transition the business to an owner with a core lending focus and deep knowledge...

DALLAS, July 08, 2020 (GLOBE NEWSWIRE) — Triumph Bancorp, Inc. (Nasdaq: TBK) (the “Company”) announced today the close of the acquisition of the transportation factoring assets of Transport Financial Solutions (“TFS”) by Triumph Business Capital.  Triumph Business Capital is an indirect wholly owned subsidiary of the Company. TFS is a wholly owned subsidiary of Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) (“Covenant”).The transaction was structured as the acquisition of TFS’ factoring assets, consisting primarily of $103.3 million of net accounts receivable and related transportation factoring assets, in exchange for closing cash consideration of $108.4 million, plus Company common stock valued at approximately $13.9 million.  In addition, TFS has the opportunity to earn contingent cash consideration of up to approximately $9.9...

VANCOUVER, Washington, July 08, 2020 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today Nader Pourhassan, Ph.D., President and Chief Executive Officer of CytoDyn, and Scott Kelly, M.D., Chief Medical Officer of CytoDyn, will provide a comprehensive business and clinical trials update. The Wall Street Reporter’s event is scheduled for Thursday, July 9, 2020 at 1:30 pm ET / 10:30 am PT. The presentation will be approximately 15 minutes followed by a Q&A session of approximately 45 minutes.Interested participants are encouraged to login early prior to the start of the event. Please note that there will be no telephone access; this is a webcast...

CALGARY, Alberta, July 08, 2020 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX:EFX) (“Enerflex” or the “Company”), a leading supplier of products and services to the global energy industry, will release its second quarter 2020 financial results on August 6, 2020. These results will be available on the Enerflex website at www.enerflex.com.Analysts, investors, members of the media, and other interested parties are invited to participate in a teleconference and audio webcast on Friday, August 7, 2020 at 8:00 a.m. MDT to discuss the second quarter 2020 financial results and operating highlights.To participate, please call toll free 1.844.231.9067 or 1.703.639.1277. Please dial in 10 minutes prior to the start of the call. No passcode is required. The live audio webcast of the teleconference will be available on the Enerflex website at www.enerflex.com...

FRANKLIN, Ind., July 08, 2020 (GLOBE NEWSWIRE) — IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) is pleased to announce that the IBC Board of Directors has appointed Mark Smith, IBC Board Chairman, as Chief Executive Officer (“CEO”) of the Company effective immediately. “I am honored to take on this position and I look forward to working even more closely with IBC’s highly talented team as we intensify the effort to unleash the full potential of this unique and strategically important Company and the mission critical alloys products we manufacture,” said Mr. Smith. “IBC achieved net profitability in the calendar second quarter, in spite of impacts from the COVID pandemic, and the team and I are committed to building on that success in the quarters and years ahead.”Mr. Smith will retain his role as IBC...

TORONTO, July 08, 2020 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX: FTG) today announced financial results for the second quarter 2020.Achieved a book-to-bill ratio in Q2 of 0.97:1 Ended Q2 2020 with over $50M in total backlog, of which $28M is due in Q3 2020Generated $3.0M in cash in Q2 and ended the quarter with $6.4M in net cash on the balance sheetAchieved highest gross margin percentage of 32.3%Achieved net income of $2.0M in the quarter (7.6% of sales)Received $0.8M in Canadian Emergency Wage Subsidy in the quarterReceived $3.3M ($2.4M USD) in loans from the US Paycheck Protection Program (PPP), which can be forgiven in future periods if certain conditions are metSubsequent to quarter-end, FTG entered into a new 2 year, $20M USD committed credit facility on terms similar to the previous agreementSecond Quarter...

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 15, 2020 to its short form base shelf prospectus dated April 3, 2020.OAKVILLE, Ontario, July 08, 2020 (GLOBE NEWSWIRE) — Algonquin Power & Utilities Corp. (TSX: AQN, NYSE: AQN) (“APUC”, “Algonquin” or the “Company”) today announced that it has entered into an agreement with Scotiabank and CIBC Capital Markets, on behalf of a syndicate of underwriters (the “Underwriters”), under which the Underwriters have agreed to buy, on a bought deal basis, 32,170,000 common shares of APUC (the “Common Shares”) at a price of C$17.10 per Common Share for gross proceeds of C$550 million (the “Bought Deal”). APUC has granted the Underwriters an over-allotment option, exercisable at the...

CONFERENCE CALL AND WEBCAST FOR INVESTORS AND ANALYSTSDate:   July 30, 2020Time:   1:00 p.m. (Eastern Time)EDMUNDSTON, New Brunswick, July 08, 2020 (GLOBE NEWSWIRE) — You are invited to participate in Acadian Timber Corp.’s 2020 second quarter conference call and webcast on Thursday, July 30, 2020 at 1:00 p.m. (Eastern Time) to discuss with members of senior management our financial and operating results.These results will be released after market close on July 29, 2020 and will be available on our website at www.acadiantimber.com under “Press Releases”.To participate in the second quarter conference call, please dial +1-866-795-3013 toll free in North America (Canada and the USA) or, for overseas calls, +1-409-937-8907 (Conference ID 8737059) at approximately 12:50 p.m. (Eastern Time). For those unable to participate, a taped...

MONTREAL, July 08, 2020 (GLOBE NEWSWIRE) — DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces that it has obtained an Initial Order pursuant to the Companies’ Creditors Arrangement Act (the “CCAA”) from the Québec Superior Court in order to implement its previously-announced restructuring plan. Among other things, the Initial Order provides for the appointment of PwC as Monitor in the CCAA proceedings. As previously announced, the Company will apply for a similar order for its wholly-owned U.S. subsidiary under Chapter 15 of the United States Bankruptcy Code.A copy of the Initial Order and related documents will be available at www.pwc.com/ca/davidstea. The Company will provide updates throughout the restructuring process as events warrant.Cautionary Forward-Looking StatementsThis...