Month: September 2020

REDWOOD CITY, Calif., Sept. 16, 2020 (GLOBE NEWSWIRE) — Sumo Logic, Inc. (“Sumo Logic”) today announced the pricing of its initial public offering of 14,800,000 shares of its common stock at a price of $22.00 per share. All of the shares are being offered by Sumo Logic. The shares are expected to begin trading on the Nasdaq Global Select Market on September 17, 2020 under the ticker symbol “SUMO.” The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Sumo Logic, are expected to be $325.6 million. In addition, Sumo Logic has granted the underwriters a 30-day option to purchase up to an additional 2,220,000 shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The offering is expected to close on September...

CALGARY, Alberta, Sept. 16, 2020 (GLOBE NEWSWIRE) — Target Capital Inc. d.b.a. CBi2 Capital (“CBi2” or the “Company”) is pleased to announce the appointments of Ron Hozjan and Theo Zunich as directors of the Company.Mr. Hozjan has been the Vice President, Finance and Chief Financial Officer of Aureus Energy Services Inc., a private water management services company, since January 2020. In addition, Mr. Hozjan is a director of: (i) YSS Corp., a public cannabis retailer; (ii) Aloha Brands Inc., the parent company of Aloha Naturals Co., a private producer and retailer of hemp-based consumer products, and of Aloha Cannabis Co., a private cannabis licensed producer applicant; and (iii) Aither Ingredient Corp., a private, joint-venture partner in Canada’s only bulk cannabinoid-based active ingredient manufacturing campus, with Thar Process,...

Phase 1 clinical trial for STI-1499 (COVI-GUARD™) in hospitalized COVID-19 patients has received FDA notice that it may proceed with patient enrollment.The initial trial is expected to enroll rapidly and is expected to be followed by large trials targeting a potential Emergency Use Authorization (EUA) submission as early as before the end of this year.Sorrento has initiated cGMP manufacturing to produce 50,000 doses in anticipation of a potential EUA.SAN DIEGO, Sept. 16, 2020 (GLOBE NEWSWIRE) — Sorrento Therapeutics, Inc. (Nasdaq: SRNE, “Sorrento”) announced today that it received a study may proceed letter from the FDA for its phase 1 clinical trial for COVI-GUARD (STI-1499) in hospitalized COVID-19 patients.As Sorrento previously announced, in preclinical studies, STI-1499 demonstrated 100% in vitro neutralizing effect against...

SEOUL, Korea, Sept. 17, 2020 (GLOBE NEWSWIRE) — Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced that Airport Railroad Express (AREX), a commuter railway connecting South Korea’s international airports to its capital city, has selected Juniper Networks’ solutions for its upgrade to a modern all-IP based communications network. AREX is South Korea’s first domestic railway to feature an all-IP based communications network that integrates wired and wireless networks, enabling efficient network deployment as well as strengthened security and stability through MPLS VPN.As an important international hub for business and tourism, having efficient transportation infrastructure between the country’s busy ports of entry and the metro urban centers is crucial. Particularly important is connectivity to-and-from...

ROSH HA’AYIN, Israel, Sept. 16, 2020 (GLOBE NEWSWIRE) — Kornit Digital Ltd. (NASDAQ: KRNT) (“Kornit”), a company that develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries, today announced the pricing of an upsized underwritten public offering of 4,078,210 ordinary shares at a price to the public of $56.50 per share. Kornit is offering 2,388,268 ordinary shares and an affiliate of Amazon.com, Inc. (“Amazon”) is offering 1,689,942 ordinary shares. Kornit will not receive any of the proceeds from the sale of shares being offered by Amazon. The shares being sold by an affiliate of Amazon are being issued pursuant to the exercise of a warrant granted to Amazon by Kornit. Kornit has also granted the underwriters a 30-day option to purchase up to an additional 611,731...

Pre-Orders for Xbox Series X and Xbox Series S Will Begin Sept. 22Introduces Same Day Delivery Service and New Flexible Payment OptionsGRAPEVINE, Texas, Sept. 16, 2020 (GLOBE NEWSWIRE) — GameStop announced today it is now taking pre-orders for the Sony PlayStation®5 and Sony PlayStation®5 Digital Edition consoles. Pre-orders for the Xbox Series X and Xbox Series S will begin Sept. 22 at 8 a.m. PST. Both next-gen consoles are scheduled to arrive on store shelves November 10 (Xbox Series X and S) and November 12 (Sony PlayStation 5 and Sony PlayStation 5 Digital Edition) respectively. Customers can pre-order both consoles at GameStop (while supplies last) by going online at www.gamestop.com, using the GameStop mobile app, or by visiting any of the more than 3,300 GameStop locations in the U.S.“The wait is finally over. Customers are...

TORTOLA, British Virgin Islands, Sept. 16, 2020 (GLOBE NEWSWIRE) — Orca Energy Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B) announced today changes to its strategic direction and senior management team.Strategic DirectionThe Board of Directors has determined that in the current challenging market conditions for the oil and gas sector and taking into consideration the impact that government responses to the COVID-19 pandemic continue to have on domestic and global levels of economic activity, it is in the best interests of the Company and its shareholders to solely focus on the continued value maximization through the optimization and monetization of the Company’s rights to develop the Songo Songo natural gas field in Tanzania and to suspend ongoing efforts to acquire and develop an integrated gas business in...

WALTHAM, Mass., Sept. 16, 2020 (GLOBE NEWSWIRE) — Dyne Therapeutics, Inc. (Nasdaq: DYN), a muscle disease company focused on advancing innovative life-transforming therapeutics for patients with genetically driven diseases, today announced the pricing of its initial public offering of 12,251,578 shares of its common stock at an initial public offering price of $19.00 per share. In addition, Dyne has granted the underwriters a 30-day option to purchase up to 1,837,736 additional shares of common stock at the initial public offering price, less the underwriting discount and commissions. All of the shares are being offered by Dyne.Dyne’s common stock is expected to begin trading on the Nasdaq Global Select Market on Thursday, September 17, 2020 under the ticker symbol “DYN.” The gross proceeds of the offering, before deducting the...

MONTREAL, Sept. 16, 2020 (GLOBE NEWSWIRE) — D-BOX Technologies Inc. (D-BOX) (TSX: DBO), a world leader in haptic and immersive experiences, held its annual and special meeting of shareholders today.All of the proposed nominees for the Board of Directors in the proxy circular dated August 3, 2020 were elected at the Corporation’s annual and special meeting of the shareholders.The voting results are as follows:Following the annual meeting, D-BOX is pleased to announce the appointment of Denis Chamberland as Chair of the Board of Directors. M. Chamberland joined D-BOX’s Board in February 2020.Denis Chamberland is currently serving as an advisor to the President and founder of Rodeo FX, a well-known visual effects company. Mr. Chamberland has developed a strong expertise in helping companies create value for their shareholders as a...

MONTRÉAL, 16 sept. 2020 (GLOBE NEWSWIRE) — Technologies D-BOX inc. (D-BOX) (TSX: DBO), un chef de file mondial en matière d’expériences immersives et haptiques, a tenu aujourd’hui son assemblée annuelle et extraordinaire des actionnaires.Tous les candidats à l’élection des membres du conseil d’administration qui ont été proposés dans la circulaire de sollicitation de procurations datée du 3 août 2020 ont été élus à titre d’administrateurs lors de l’assemblée annuelle et extraordinaire de la société.Les résultats du vote sont les suivants :Denis Chamberland est actuellement conseiller au président et fondateur de Rodeo FX, un studio de renom, spécialisé dans les effets spéciaux. M. Chamberland a développé une solide expertise à titre de conseiller stratégique afin d’aider les entreprises à créer de la valeur...