Month: August 2020

Atrion Corporation Increases Quarterly Cash Dividend by 13%

Written by Customer Service on August 20, 2020. Posted in Public Companies.

ALLEN, Texas, Aug. 20, 2020 (GLOBE NEWSWIRE) — Atrion Corporation (Nasdaq ATRI) today announced an increase in its quarterly cash dividend from $1.55 per share to $1.75 per share. Specifically, the Board of Directors declared a quarterly dividend of $1.75 per share on its outstanding shares of Common Stock. This dividend will be payable on September 30, 2020 to stockholders of record at the close of business on September 15, 2020.Atrion Corporation develops and manufactures products primarily for medical applications. The Company’s website is www.atrioncorp.com.Contact:Jeffery StricklandVice President and Chief Financial Officer(972) 390-9800

LPL Financial Closes Lucia Securities Asset Acquisition

Written by Customer Service on August 20, 2020. Posted in Mergers And Acquisitions.

Lucia Securities serves more than $1.5 billion of client assets 100 percent of the advisors with Lucia Securities have committed to join LPL Anticipated transaction multiple continues to be ~6x post-synergy EBITDASAN DIEGO, Aug. 20, 2020 (GLOBE NEWSWIRE) — LPL Financial Holdings Inc. (Nasdaq: LPLA) (collectively with its subsidiaries, “LPL”), today announced that it has closed its acquisition of assets of Lucia Securities, a broker-dealer and registered investment advisor (RIA) based in San Diego. Lucia Securities serves more than $1.5 billion of client assets, which are expected to onboard to LPL’s platform by the end of 2020. All 20 advisors have committed to join LPL and will be doing business with LPL as Lucia Capital Group.“LPL is proud to welcome the Lucia Capital Group team of advisors to our platform,” said Rich...

Sorrento Enters Into Merger Agreement to Acquire SmartPharm and Develop Pipeline of Gene-Encoded Therapeutic Antibodies, Starting With Neutralizing Antibodies to Treat COVID-19 and Cancer Therapeutics

Written by Customer Service on August 20, 2020. Posted in Mergers And Acquisitions.

The combination of SmartPharm’s Gene Mab™ gene-encoded in vivo expression system and Sorrento’s SARS-CoV-2 neutralizing antibodies may potentially provide longer-acting, single injection protection against COVID-19.Beyond COVID-19, the synergies between Sorrento’s proprietary fully human G-MAB™ Antibody Library and SmartPharm’s Gene-Encoded Therapeutics (GET) Platform are expected to provide a vast product pipeline of novel, long-acting therapeutic proteins for a broad range of diseases, including cancer.SAN DIEGO AND BOSTON, Aug. 20, 2020 (GLOBE NEWSWIRE) — Sorrento Therapeutics, Inc. (Nasdaq: SRNE, “Sorrento”) and SmartPharm Therapeutics, Inc. (“SmartPharm”) announced today the signing of a merger agreement under which Sorrento will acquire SmartPharm, a gene-encoded therapeutics company developing non-viral DNA and RNA gene delivery...

Duke Realty Comments on July and August Rent Collection and Announces Participation in Third Quarter Investor Events

Written by Customer Service on August 20, 2020. Posted in Public Companies.

INDIANAPOLIS, Aug. 20, 2020 (GLOBE NEWSWIRE) — Duke Realty Corporation (NYSE: DRE and the “company”), a leading logistics property real estate investment trust (REIT), announced today, the results of rent collection and previously deferred rent repayment activity for the months of July and August. As of August 20th, the company noted the following results:collection of 97.3 percent of original contractual July rents with combined collections and deferrals totaling 99.9 percent;collection of 99.2 percent of original contractual August rents with combined collections and deferrals totaling 99.6 percent;deferral agreements entered into required tenants to begin repaying deferred rents in July; – collection of 100 percent of previously deferred rents that were due in July; and – collection of over 99 percent of...

ADT Announces Closing of First-Priority Senior Secured Notes

Written by Customer Service on August 20, 2020. Posted in Public Companies.

BOCA RATON, Fla., Aug. 20, 2020 (GLOBE NEWSWIRE) — ADT Inc. (NYSE: ADT) (the “Company” or “ADT”), a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, announced today that Prime Security Services Borrower, LLC, a Delaware limited liability company (the “Issuer”), and Prime Finance Inc., a Delaware corporation (the “Co-Issuer” and, together with the Issuer, the “Issuers”), its indirect wholly owned subsidiaries, have completed their previously announced offering (the “Offering”) of $1,000 million aggregate principal amount of 3.375% first-priority senior secured notes due 2027 (the “Notes”). The Notes are exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).The gross proceeds from the Offering were $1,000...

Sono-Tek Holds Annual Shareholders Meeting and Provides Sales Guidance for Remainder of Fiscal Year 2021

Written by Customer Service on August 20, 2020. Posted in Public Companies.

MILTON, N.Y., Aug. 20, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that it held its Annual Shareholders Meeting on August 20, 2020 as a virtual meeting, due to the coronavirus. The presenters safely gathered at the Company’s headquarters in Milton, New York, and the presentation is available online at the Company’s website, http://www.sono-tek.com/investor-relations/. The results of Fiscal Year 2020, which ended on February 29, 2020, were discussed.During the meeting, Dr. Christopher L. Coccio, Chairman and CEO, highlighted the 2020 fiscal year business performance which resulted in a more than 32% year-over-year increase in sales to $15.3 million, and a seven fold increase in net income to over $1.1 million. ...

UMH PROPERTIES, INC. ANNOUNCES NEW CREDIT FACILITY

Written by Customer Service on August 20, 2020. Posted in Public Companies.

FREEHOLD, NJ, Aug. 20, 2020 (GLOBE NEWSWIRE) — UMH Properties, Inc. (NYSE: UMH) today announced that it has successfully completed the financing of 28 of its unencumbered communities, containing approximately 4,100 sites, through Wells Fargo Bank, N. A. for total proceeds of approximately $106 million. This Federal National Mortgage Association (Fannie Mae) credit facility has a 10-year maturity with a 30-year amortization schedule. Interest is at a fixed rate of 2.62%. The proceeds will be used to redeem our 8% Series B Perpetual Preferred Stock and to also invest in additional acquisitions, expansions and rental homes further enhancing our ability to provide quality affordable housing in the markets that we serve.Samuel A. Landy, President and Chief Executive Officer commented, “We are very pleased to continue our strong...

SP Plus Corporation Expands Its Electric Vehicle Charging Program

Written by Customer Service on August 20, 2020. Posted in Public Companies.

CHICAGO, Aug. 20, 2020 (GLOBE NEWSWIRE) — SP Plus Corporation (SP+), (Nasdaq: SP), North America’s leading provider of parking, transportation and mobility-related services, today announced the selection of ChargePoint as its preferred provider for expanding its electric vehicle (EV) charging program.SP+ selected ChargePoint, the world’s largest manufacturer of EV charging stations with a full range of smart solutions, to accelerate its plan to offer drivers the convenience of charging their vehicles while parking at an SP+ facility while they work, shop, play or stay home.“We chose ChargePoint because they match our commitment to accommodating the future demand for e-mobility which supports the reduction of greenhouse gas emissions. They are also networked to help us remotely manage the charging stations and calculate our progress,”...

Atlantic Capital Bancshares, Inc. Announces Completion of $75 Million Subordinated Notes Offering

Written by Customer Service on August 20, 2020. Posted in Public Companies.

ATLANTA, Aug. 20, 2020 (GLOBE NEWSWIRE) — Atlantic Capital Bancshares, Inc. (NASDAQ: ACBI) (“Atlantic Capital”) announced today the completion of a private placement of $75 million of 5.5% fixed to floating rate subordinated notes due 2030 (the “Notes”) to certain qualified institutional buyers and accredited investors.The Notes are unsecured and have a ten-year term, maturing September 1, 2030, and will bear interest at a fixed annual rate of 5.5%, payable semi-annually in arrears, for the first five years of the term. Thereafter, the interest rate will reset quarterly to an interest rate per annum equal to a benchmark rate (which is expected to be Three-Month Term SOFR) plus 536.3 basis points, payable quarterly in arrears.The Notes have been structured to qualify as Tier 2 capital for Atlantic Capital for regulatory capital...

ECN Capital Announces Its Intention to Renew its Normal Course Issuer Bid for Common Shares and Commence a Normal Course Issuer Bid for Preferred Shares

Written by Customer Service on August 20, 2020. Posted in Public Companies.

TORONTO, Aug. 20, 2020 (GLOBE NEWSWIRE) — ECN Capital Corp. (“ECN Capital” or the “Company”) today announced that it has filed a notice of intention with the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (the “Common Share Bid”) for its common shares. The Company also announced that it has filed a notice of intention with the TSX to commence a normal course issuer bid (the “Preferred Share Bid” and, together with the Common Share Bid, the “Bids”) for its Series A 6.50% Rate Reset Preferred Shares and Series C 6.25% Rate Reset Preferred Shares (collectively, the “Preferred Shares”).If these notices are accepted by the TSX, the Bids would permit the Company to repurchase for cancellation, at its discretion during the 12 months following such acceptance, up to 10% of the “public float” (calculated in accordance...

Month: August 2020

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