Month: August 2020

SAN DIEGO, Aug. 17, 2020 (GLOBE NEWSWIRE) — Organovo Holdings, Inc. (the “Company”) (Nasdaq: ONVO) today announced that it filed a certificate of second amendment to its certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-20 reverse stock split of its common stock. The shares underlying the Company’s outstanding options and restricted stock unit awards will also be adjusted accordingly. The reverse stock split will take effect at 5:00 pm (Eastern Time) on August 18, 2020, and the Company’s common stock will open for trading on The Nasdaq Capital Market on August 19, 2020 on a post-split basis.At the Company’s Special Meeting of Stockholders held on March 26, 2020, the Company’s stockholders approved a reverse stock split within a range of 1-for 20 and 1-for-40. The specific ratio of...

Management reportConsolidated net sales for Q2 2020 were € 2.48 million from continuing operations (Q2 2019: € 3.48 million from continuing operations). The sales revenue of the Group`s main business segment, fibreboard, for Q2 2020 were € 2.43 million (Q2 2019: € 3.01 million). The main reason for this drop in sales was due to the closure of the Püssi factory in March 2020, which came about as a result of the loss of orders from customers within the display board industry caused by the COVID-19 pandemic. Furniture retail sales revenue for Q2 2020 were € 8 thousand, the decrease in sales (compared to Q2 2019: € 468 thousand) was due to the Group exiting the furniture retail segment earlier this year, with some remaining stock sales taking place during Q2 2020. Rental and property development sales, includes the resale of utilities, in...

JUHTKONNA ARUANNENordic Fibreboard AS konsolideeritud müügitulu oli 2020. aasta 2. kvartalis jätkuvatelt tegevustelt 3,48 miljonit eurot (2019 2. kvartalis jätkuvatelt tegevustelt 3,48 miljonit eurot). Kontserni peamise ärisegmendi, puitkiudplaadi, müügitulu 2020. aasta 2. kvartalis oli 2,43 miljonit eurot (2019 2. kvartalis 3,01 miljonit eurot). Müügitulu languse peamiseks põhjuseks oli  Püssi tehase sulgemine 2020. aasta märtsis, mis tulenes COVID-19 pandeemia tõttu klientide tellimuste olulistest kaotustest märkmetahvlite tööstuses. Mööbli jaemüügi müügitulu 2020. aasta 2. kvartalis 8 tuhat eurot, müügitulu vähenemine (võrreldes 2019. aasta 2. kvartaliga 468 tuhat eurot) tulenes Kontserni väljumisest mööbli jaemüügi segmendist selle aasta alguses ning 2020. aasta 2. kvartalis alguses toimus ainult mõnede järelejäänud laojääkide tühjendusmüük....

BATON ROUGE, La., Aug. 17, 2020 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately $150.0 million through an institutional private placement of additional 4% Senior Notes due 2030 (the “Notes”) by its wholly owned subsidiary, Lamar Media Corp (“Lamar Media”). The Notes are being offered as additional notes to the existing $400.0 million aggregate principal amount of ‎4% Senior Notes due 2030 that Lamar Media issued on February 6, 2020 (the “Existing Notes”). Other than with respect to the date of issuance and issue price, the Notes will have the same terms as the Existing Notes. ‎ The Notes will be maintained under the same CUSIP numbers as the Existing Notes (except that the Notes ‎issued pursuant to Regulation S will trade separately under a different...

NEW YORK, Aug. 17, 2020 (GLOBE NEWSWIRE) — Ricky Sitomer, CEO, Star Jets International, Inc. (OTCPink: JETR), a leading Private Jet Charter Company, announces that the Company hired an Investment Banking firm in New York to explore its options to raise $10,000,000 in its first funding round. In addition, the investment Banking firm has the first rights on raising additional funding rounds up to $100,000,000.Ricky Sitomer, CEO of JETR stated, “As a result of the Covid-19 global pandemic, a fundamental change in the buying behavior of the luxury traveler continues to occur, and the Company anticipates the demand for private jet travel to increase its revenue now and continue into the foreseeable future. Star Jets International is looking to capitalize on this opportunity and build out the largest on demand private jet charter Company...

SUNNYVALE, Calif., Aug. 17, 2020 (GLOBE NEWSWIRE) — Infinera (NASDAQ: INFN) announced today that Vogel Telecom, a leading wholesale carrier in Brazil, deployed Infinera’s Groove (GX) Series G30 Compact Modular Platform to double capacity on its network, which includes Brazil’s route with the highest bandwidth demand, between São Paulo and Belo Horizonte. Powered by Infinera, Vogel’s new network offers the region’s leading Tier 1 carriers and internet service providers the high capacity and performance required to meet the rising bandwidth demands of their end users.Vogel Telecom deployed Infinera’s compact modular solution to upgrade its national fiber network infrastructure, which spans over 26,000 kilometers and supports high-capacity connectivity services across more than 600 cities in 13 Brazilian states. The GX G30’s simple...