Day: August 25, 2020

Berkeley Lights Reports Financial Results for Second Quarter of Fiscal Year 2020

EMERYVILLE, Calif., Aug. 25, 2020 (GLOBE NEWSWIRE) — Berkeley Lights, Inc. (Nasdaq: BLI), a leader in Digital Cell Biology, today reported financial results for the quarter ended June 30, 2020.Recent HighlightsTotal revenue of $10.6 million including four platform placementsCompleted initial public offering, raising approximately $188 million of net proceedsSecond Quarter 2020 Financial ResultsRevenue was $10.6 million for the quarter ended June 30, 2020, representing a 10% decrease from the second quarter in the prior year. Product revenue was $9.1 million for the quarter, representing a 17% increase from the second quarter in the prior year. Service revenue was $1.5 million for the quarter, representing a 63% decrease from the second quarter in the prior year.Direct platform revenue was $7.5 million for the quarter, compared to...

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Gevo, Inc. Announces Closing of $50 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules

ENGLEWOOD, Colo., Aug. 25, 2020 (GLOBE NEWSWIRE) — Gevo, Inc. (“Gevo”) (Nasdaq: GEVO), today announced that it has closed its previously announced registered direct offering priced at-the-market under Nasdaq rules of an aggregate of 38,461,545 shares of common stock (or common stock equivalents) at a purchase price of $1.30 per share. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.After deducting the placement agent’s fees and other offering expenses payable by Gevo, the Company received net proceeds of approximately $46.1 million.  Gevo intends to use the net proceeds from the offering to fund working capital and for general corporate purposes, which may include the repayment of outstanding indebtedness.The securities described above were offered by Gevo pursuant to a shelf registration statement...

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Pipestone Energy Corp. Announces Unplanned Outage at the Keyera Wapiti Gas Plant

CALGARY, Alberta, Aug. 25, 2020 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) was notified by Keyera Corp. (“Keyera”) on August 17, 2020 of an issue relating to the Waste Heat Recovery System within the Keyera Wapiti Gas Plant (“Keyera Plant”). This failure has resulted in an unplanned outage. After performing an inspection of the affected equipment, Keyera expects the repairs to be completed and the Keyera Plant to resume operations by the end of next week. During this outage, both Pipestone Energy and Keyera are performing maintenance and installation activities that would have resulted in planned downtime during late Q3 and early Q4 2020. Based on the net expected outage duration, the Company is reaffirming its 2020 annual production and cash flow guidance released on August 5,...

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Kymera Therapeutics Announces Closing of Initial Public Offering with Exercise in Full of the Underwriters’ Option to Purchase Additional Shares and Concurrent Private Placement

WATERTOWN, Mass., Aug. 25, 2020 (GLOBE NEWSWIRE) — Kymera Therapeutics, Inc. (NASDAQ: KYMR), a biopharmaceutical company focused on discovering and developing novel small molecule therapeutics that selectively degrade disease-causing proteins by harnessing the body’s own natural protein degradation system, today announced the closing of its upsized initial public offering of 9,987,520 common shares, including the exercise in full by the underwriters of their option to purchase up to 1,302,720 additional shares of common stock, at a public offering price of $20.00 per share. The aggregate gross proceeds to Kymera from the offering, before deducting underwriting discounts and commissions, and other estimated offering expenses payable by Kymera, were approximately $199.8 million.  All of the shares in the offering were sold by Kymera.Morgan...

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Delcath to Present at the LD Micro 500 Virtual Investor Conference on Tuesday, September 1, 2020 at 3:00pm ET

NEW YORK, Aug. 25, 2020 (GLOBE NEWSWIRE) — Delcath Systems, Inc. (NASDAQ: DCTH), an interventional oncology company focused on liver-directed treatment of rare primary and metastatic cancers, today announced management will present at the LD Micro 500 Virtual Conference Tuesday, September 01, 2020 3:00 PM ET.A live webcast of the presentation will be available to the public at https://www.webcaster4.com/Webcast/Page/2019/36399. The webcast will be archived for 90 days following the live presentation.Management will be available for one-on-one meetings, to schedule a meeting with management, please contact the conference James@HaydenIR.com.About LD MicroLD Micro began in 2006 with the sole purpose of being an independent resource in the microcap space. What started as a newsletter highlighting unique companies has transformed into...

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Colonnade Acquisition Corp. Completes $200 Million Initial Public Offering

West Palm Beach, Florida, Aug. 25, 2020 (GLOBE NEWSWIRE) — Colonnade Acquisition Corp. (the “Company”) today announced the closing of its initial public offering of 20,000,000 units. The offering was priced at $10.00 per unit, resulting in gross proceeds of $200,000,000.BTIG, LLC acted as the sole book running manager of the offering and I-Bankers Securities, Inc. acted as co-manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.The Company’s units began trading on The New York Stock Exchange (the “NYSE”) on August 21, 2020 under the ticker symbol “CLA.U”. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase...

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Hemlo Explorers Closes Fully Subscribed $3,500,000 Non-Brokered Private Placement

TORONTO, Aug. 25, 2020 (GLOBE NEWSWIRE) — Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that it has closed the non-brokered private placement (the “Offering”) announced on August 5, 2020, which was subsequently upsized to $3,500,000 later the same day.Brian Howlett, President and CEO commented, “Management is pleased with the robust response to the Offering including the participation of its major shareholders, Northfield Capital and O3 Mining, which is part of the Osisko Group of Companies.  The Company plans to use the funds to further exploration of its properties, particularly the North Limb where recent prospecting and analysis of soil and lithogeochem surveys have given the Company new and exciting drill targets.” Pursuant to the Offering, the Company issued 5,000,000 units (“Units”)...

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Santander Chile launches new digital debit card

SANTIAGO, Chile, Aug. 25, 2020 (GLOBE NEWSWIRE) — Banco Santander launched its new digital debit card, available to all of its clients with a debit card linked to their current account, Cuenta Life, simple debit account or electronic checkbook, as well as university accounts. This will enable to shop and pay through the internet or in mobiles apps, without the need to have a credit card.The current sanitary contingency, along with the recommendation of social distancing and/or confinement, have generated a habit change in the way people do their transactions, creating an unprecedented increase in e-commerce. This, along with the increase of multiple mobile apps and digital platforms that require a safe electronic payment system that until this moment was not available for everyone, has led Banco Santander Chile to launch this innovation.In...

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PHOTO RELEASE — Newport News Shipbuilding Welcomes Family to New Habitat for Humanity Home

NEWPORT NEWS, Va., Aug. 25, 2020 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE:HII) Newport News Shipbuilding division is celebrating the completion of the 18th home its volunteers built in collaboration with Habitat for Humanity Peninsula and Greater Williamsburg.Due to coronavirus (COVID-19), elected officials and community leaders were not able to hold a ribbon-cutting event to formally dedicate the traditional ranch-style home in the city’s Southeast community. Instead, Donnika Stewart and her two children met privately with a Habitat staff member to receive their keys. They moved into their new home last week.“We are proud to have helped build this home for the Stewart family,” said Chris Miner, Newport News’ vice president of in-service aircraft carrier programs. “Building a Habitat home, much like building...

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NOKIA: Ameren wins Utility Technology Council APEX award for innovative private LTE trial with Nokia

Press ReleaseAmeren wins Utility Technology Council APEX award for innovative private LTE trial with NokiaPrivate LTE (P-LTE) field trial exceeded expectations for performance and scalability requirements for field communicationsTrial is part of Ameren’s digital transformation to provide secure, robust wireless coverage over entire service territory (64,000 sq. miles)25 August 2020Espoo, Finland – Nokia today announced that Ameren, a US-based utility company, has won the 2020 Utility Technology Council (UTC) APEX award for its groundbreaking Nokia-powered private LTE field trial. The trial, which exceeded performance and scalability expectations, is part of the company’s digital transformation journey to a more reliable and sustainable electric grid.The UTC is a global association focused on the intersection of telecommunications and...

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