Vasta Platform Limited Announces Closing of Initial Public Offering

Written by Customer Service on August 4, 2020. Posted in Public Companies.

SAO PAULO, Brazil, Aug. 04, 2020 (GLOBE NEWSWIRE) — Vasta Platform Limited (NASDAQ: VSTA) today announced the closing of its initial public offering of 18,575,492 of its Class A common shares at a public offering price of $19.00 per share. Vasta estimates the net proceeds to it from the offering to be approximately US$333.5 million, after deducting underwriting discounts and commissions (before expenses). The shares began trading on the Nasdaq Global Select Market on July 31, 2020, under the symbol “VSTA”.In connection with the offering, Vasta has granted the underwriters a 30-day option from July 30, 2020, to purchase up to an additional 2,786,323 Class A common shares at the initial public offering price less the underwriting discount.Goldman Sachs & Co. LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC and Itau BBA...

Kinsale Capital Group Announces Pricing of Public Offering of Common Stock

Written by Customer Service on August 4, 2020. Posted in Public Companies.

RICHMOND, Va., Aug. 04, 2020 (GLOBE NEWSWIRE) — Kinsale Capital Group, Inc. (NASDAQ: KNSL) (“Kinsale” or the “Company”) today announced the pricing of its underwritten public offering of 270,000 shares of common stock at a price of $190.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 40,500 shares of common stock. Subject to customary conditions, the offering is expected to close on August 7, 2020.The Company expects to use the net proceeds from the offering of the shares for general corporate purposes, including to fund organic growth. The net proceeds to the Company from the offering of the shares are expected to be approximately $49.2 million after deducting underwriting discounts and commissions and estimated offering expenses, assuming no exercise of the underwriters’...

BowX Acquisition Corp. Announces Pricing of $420,000,000 Initial Public Offering

Written by Customer Service on August 4, 2020. Posted in Public Companies.

Menlo Park CA, Aug. 04, 2020 (GLOBE NEWSWIRE) — BowX Acquisition Corp. (the “Company”) announced today that it priced its initial public offering of 42,000,000 units at $10.00 per unit. The units will be listed on The Nasdaq Capital Market (“Nasdaq”) and will begin trading tomorrow, Wednesday, August 5, 2020, under the ticker symbol “BOWXU”. Each unit consists of one share of the Company’s Class A common stock and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and redeemable warrants are expected to be listed on Nasdaq under the symbols “BOWX”...

Eurogas International Inc. Announces 2020 Second Quarter Financial Results

Written by Customer Service on August 4, 2020. Posted in Public Companies.

TORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) — Eurogas International Inc. (CSE: EI) (“Eurogas International” or the “Corporation”) today announced its 2020 second quarter financial results. The Corporation’s unaudited condensed interim financial statements, along with the accompanying management’s discussion and analysis have been filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and may be viewed by interested parties under the Corporation’s profile at www.sedar.com or the Corporation’s website at www.eurogasinternational.com.FORWARD-LOOKING STATEMENTSCertain information set forth in this document, including management’s assessment of the Corporation’s future plans and operations, contains forward-looking statements. Forward-looking statements are statements that are predictive in nature, depend upon or refer...

Highland Copper Announces Further Extension of Loan Maturity Date

Written by Customer Service on August 4, 2020. Posted in Public Companies.

LONGUEUIL, Quebec, Aug. 04, 2020 (GLOBE NEWSWIRE) — Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announced today that the maturity date for the repayment of outstanding indebtedness under its credit agreement with Greenstone Resources II LP and Osisko Gold Royalties Ltd., of US$4,500,000 (the “Loan”), was extended to August 15, 2020. Additional information about the Loan can be found in previous press releases including those issued on May 21, 2019 and July 2, 2020, each of which are available on the Company’s website at www.highlandcopper.com and on SEDAR at www.sedar.com.About HighlandHighland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. More information about the Company is available on the Company’s website at...

Emerald Bioscience Raises approximately $7.0 Million in Upsized Registered Offering

Written by Customer Service on August 4, 2020. Posted in Public Companies.

Long Beach, CA, Aug. 04, 2020 (GLOBE NEWSWIRE) — Emerald Bioscience, Inc. (OTCQB: EMBI) (“Emerald”), a biopharmaceutical company focused on bioengineered cannabinoid-based therapeutics to address global medical indications, today announced that it has raised approximately $7.0 million in a registered offering of an aggregate of 116,666,668 units, each consisting of (i) one share of common stock (or common stock equivalent), and (ii) one warrant to purchase one share of common stock, at a purchase price of $0.06 per unit. The warrants have an exercise price of $0.06 per share, are immediately exercisable, and expire five years following the date of issuance.H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.The gross proceeds of the offering were approximately $7.0 million, prior to deducting placement...

Emergent BioSolutions Announces Upsize and Pricing of $450 Million of 3.875% Senior Unsecured Notes Due 2028

Written by Customer Service on August 4, 2020. Posted in Public Companies.

GAITHERSBURG, Md., Aug. 04, 2020 (GLOBE NEWSWIRE) — Emergent BioSolutions Inc. (NYSE:EBS) (the “Company”) announced today that it has priced its offering of $450 million aggregate principal amount of 3.875% Senior Unsecured Notes due 2028 (the “Notes”), representing an increase of $50 million in aggregate principal amount from the initially proposed offering size.The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by all of the Company’s direct and indirect subsidiaries that guarantee debt under its credit facilities. The Company intends to use the net proceeds of the offering to repay the $353 million outstanding under its $600 million revolving credit facility with the remainder to be used for general corporate purposes. The offering is expected to close on August 7, 2020, subject to customary closing...

Finning reports Q2 2020 results

Written by Customer Service on August 4, 2020. Posted in Dividend Reports And Estimates.

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning” or the “Company” or “we”, “our” or “us”) reported second quarter 2020 results today. All monetary amounts are in Canadian dollars unless otherwise stated.HIGHLIGHTSAll comparisons are to Q2 2019 results unless indicated otherwise.Q2 2020 net revenue(1)(3) of $1.3 billion was down 33%, including a 24% reduction in Canada’s product support revenue, as many customers parked equipment fleets and temporarily shut operations in response to low commodity prices and COVID-19 restrictions.SG&A(2) decreased by 12%, down in all operations, driven by effective cost management and lower variable costs.The Canada Emergency Wage Subsidy (“CEWS”) program allowed the Company to preserve a significant number of jobs and technical capabilities...

InterRent Announces Voting Results from the 2020 Annual Meeting

Written by Customer Service on August 4, 2020. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESOTTAWA, Aug. 04, 2020 (GLOBE NEWSWIRE) — InterRent Real Estate Investment Trust (TSX-IIP.UN) (the “REIT”) is pleased to announce the voting results from its 2020 Annual Meeting (the “Meeting”) of unitholders held online on August 4, 2020 via live webcast. Each of the matters voted upon at the Meeting is discussed in detail in the REIT’s management information circular dated June 22, 2020 (the “Information Circular”) and is available on the REIT’s website at www.interrentreit.com/MIC2020. A total of 100,140,168 units representing approximately 70.94% of the REIT’s issued and outstanding units were voted in person and by proxy in connection with the Meeting. The voting results for each matter presented at the Meeting are provided below:1. ...

Protective Insurance Corporation Announces Results for the Quarter and Six Months

Written by Customer Service on August 4, 2020. Posted in Public Companies.

CARMEL, Ind., Aug. 04, 2020 (GLOBE NEWSWIRE) — Protective Insurance Corporation (NASDAQ: PTVCA, PTVCB) today reported second quarter net income of $11.4 million, or $0.80 per share, which compares to net income of $1.5 million, or $0.11 per share, for the prior year’s second quarter. For the first six months of 2020, net loss totaled $10.8 million, or $0.76 per share, which compares to net income of $4.3 million, or $0.28 per share, for the prior year period. Highlights for the second quarter and first half of 2020 include:Accident Year combined ratios were 101.4% for the second quarter of 2020 and 102.9% for the first six months of 2020, an improvement of 5.6 points and 5.0 points over the comparative 2019 periods. Net investment income increased to $13.6 million for the first six months of 2020 driven by a continued asset...

Day: August 4, 2020

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