Month: August 2020

Moscow, Russia, Aug. 05, 2020 (GLOBE NEWSWIRE) — Kismet Acquisition One Corp (the “Company”), a special purpose acquisition company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, contractual control arrangement with, purchasing all or substantially all of the assets of, or engaging in any other similar initial business combination with one or more businesses or entities, today announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Capital Market and trade under the ticker symbol “KSMTU” beginning August 6, 2020. Each unit consists of one ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one ordinary...

PHOENIX, Aug. 05, 2020 (GLOBE NEWSWIRE) — Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, reported results for the second quarter ended June 30, 2020. All quarterly comparisons are to the same year-ago period unless otherwise noted.Q2 2020 Financial HighlightsRevenues increased 8.4% to $9.9 million, driven by organic connection growth, increased consumption, and increased rates. Net loss totaled $0.1 million, or $(0.01) per share. The net loss was largely due to asset disposal costs of $0.5 million and restricted stock compensation expense of $0.6 million, both of which are non-cash and did not occur in the same year-ago quarter. Excluding the tax effected non-cash asset disposal costs and restricted stock compensation expense, adjusted net income was $0.8 million, or $0.03...

The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow and Net cash / debt. See exhibit I for more details on these alternative performance measures.LUXEMBOURG, Aug. 05, 2020 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) (“Tenaris”) today announced its results for the quarter ended June 30, 2020 in comparison with its results for the quarter ended June 30, 2019.Summary of 2020 Second Quarter Results(Comparison...

La información financiera y operativa incluida en este comunicado de prensa está basada en estados contables intermedios consolidados condensados no auditados presentados en dólares estadounidenses (US$) y preparados de acuerdo con las Normas Internacionales de Información Financiera, según fueron emitidas por la Junta de Normas Internacionales de Contabilidad y adoptadas por la Unión Europea (NIIF). Asimismo, este comunicado de prensa incluye medidas alternativas del rendimiento que no son NIIF, es decir, EBITDA, Flujo libre de efectivo y Efectivo/deuda neta. Para más información sobre estas medidas alternativas del rendimiento, ver el Anexo I.LUXEMBURGO, Aug. 05, 2020 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE y México: TS y MTA Italia: TEN) (“Tenaris”) anunció hoy los resultados del trimestre finalizado el 30 de junio de 2020 comparados...

MADISON, Wis., Aug. 05, 2020 (GLOBE NEWSWIRE) — Sonic Foundry, Inc. (OTC: SOFO) announced today that its Board of Directors has unanimously chosen Joe Mozden, Jr. as the company’s new Chief Executive Officer, effective September 14.  Mozden most recently served in executive management roles at DeVry University focusing on developing and implementing innovative e-learning revenue growth strategies by engaging a new corporate client base, delivering new services and expanding overseas.  The selection of Mozden caps a search process initiated by the Board to find a chief executive officer with the experience and skill-set to rapidly expand customer usage of Sonic Foundry’s existing products to facilitate e- learning, media connectivity, and video data storage and retrieval required in the public and private sectors as institutions turn...

SUNNYVALE, Calif., Aug. 05, 2020 (GLOBE NEWSWIRE) — Infinera Corporation (NASDAQ: INFN) today announced a succession plan to transition its leadership in the coming months.Tom Fallon will be stepping down as Infinera’s CEO and David Heard, the Company’s Chief Operating Officer, will be succeeding him. This transition is expected to take place by the end of 2020 on a date to be determined.  Mr. Fallon, in his 17th year with Infinera and 11th as CEO, will remain on the Board of Directors.“I couldn’t be more pleased with the Board’s selection of David as Infinera’s next CEO and I have the utmost confidence in his ability to successfully lead the company in its next phase of growth,” said Mr. Fallon, Infinera CEO. “When David joined Infinera three years ago, our objective was to bring onboard a Chief Operating Officer who would be positioned...

HOUSTON, Aug. 05, 2020 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by U.S. Well Services, Inc. (NASDAQ: USWS) please note that in the Conference Call section, the time of the conference call was incorrectly stated as 10:00 am Central / 9:00 am Eastern Time, but it is at 10:00 am Central / 11:00 am Eastern Time. The corrected release follows:U.S. Well Services, Inc. (the “Company”, “U.S. Well Services” or “we”) (NASDAQ: USWS) today reported second quarter 2020 financial and operational results.  Second Quarter 2020 HighlightsAveraged 3.4 fully-utilized fleets compared to 8.9 fully-utilized fleets during the first quarter of 2020Total revenue of $39.8 million compared to $112.0 million in the first quarter of 2020Net loss attributable to the Company of $18.1 million compared to net loss of $172.4 million...

DAYTONA BEACH, Fla., Aug. 05, 2020 (GLOBE NEWSWIRE) — CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of a property located in Austin, Texas leased to Carrabba’s Italian Grill (“Carrabba’s”), for a sales price of approximately $2.5 million, reflecting an exit cap rate of approximately 6.4%. The property is currently under an absolute net lease to Carrabba’s with approximately 11 years remaining on the initial term of the lease. The proceeds are expected to be part of a future Section 1031 like-kind exchange. The Company estimates a loss on the sale of approximately $94,000, or $0.02 per share, after tax. With the closing of this transaction, the Company has over $36 million of proceeds held in 1031 restricted cash accounts. Year to date, the Company has completed the sale of six single-tenant...

GREENVILLE, S.C., Aug. 05, 2020 (GLOBE NEWSWIRE) — United Community Banks, Inc. (NASDAQ: UCBI) (“United”), reported that its Board of Directors approved a quarterly cash dividend of $0.18 per share on the Company’s common stock.  The dividend is payable October 5, 2020 to shareholders of record on September 15, 2020. The Board of Directors also approved a quarterly cash dividend of $453.559 per share (equivalent to $0.453559 per depositary share or 1/1000th interest per share) on the Company’s 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ: UCBIO).  The dividend is payable September 15, 2020 to shareholders of record on August 31, 2020. About United Community Banks, Inc.United Community Banks, Inc. (NASDAQ: UCBI) (United) is a bank holding company headquartered in Blairsville, Georgia, with executive offices in...

CHARLESTON, S.C., Aug. 05, 2020 (GLOBE NEWSWIRE) — Aeterna Zentaris Inc. (NASDAQ: AEZS; TSX: AEZS) (the “Company”), a specialty biopharmaceutical company commercializing and developing therapeutics and diagnostic tests, announced today the closing of its previously announced registered direct offering with several institutional investors in the United States for 12,427,876 common shares, at a purchase price of $0.56325 per common share, priced at-the-market under Nasdaq rules. Additionally, the Company issued to the investors unregistered warrants to purchase up to an aggregate of 9,320,907 common shares in a concurrent private placement. The warrants have an exercise price of $0.47 per common share, are exercisable immediately and will expire five and one-half years following the date of issuance. The gross proceeds to the Company...