Day: November 20, 2020

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) announces that it has entered into forbearance agreements with Seadrill Limited (“Seadrill”) in respect of the leasing arrangements on its three drilling rigs and the corresponding financing agreements. Unless extended or terminated, these forbearance agreements will last until December 14, 2020 (the “forbearance period”).In addition, Seadrill has also announced that it has agreed to renew its forbearance agreements with certain other creditors in respect of its senior secured credit facility agreements, senior secured notes, and its guarantee facility agreement, in order to allow more time to negotiate a comprehensive restructuring of its balance sheet. Seadrill has advised that such a restructuring may involve the use of a court-supervised insolvency process.While the discussions...

LOS ANGELES, Nov. 20, 2020 (GLOBE NEWSWIRE) — Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the third quarter ended September 30, 2020.Key Financial Highlights:Operating Results for the Three Months Ended September 30, 2020Net sales for the three months ended September 30, 2020 were $3.3 million, as compared to $7.7 million in the same period of 2019.Cost of sales for the three months ended September 30, 2020 were $9.9 million, as compared to $6.1 million in the same period of 2019. Cost of sales includes a write down of $7.77 million of our slow-moving inventory, primarily Jade mats in Malaysia, to the lower of cost and net realizable value in the third quarter of 2020.Loss from operations for the three months ended September 30, 2020 was $8.2 million, as compared...

MIAMI, Nov. 20, 2020 (GLOBE NEWSWIRE) — Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”) announced today that it has closed its underwritten public offering of 40,000,000 ordinary shares of the Company (the “Offering”) at a price to the public of $20.80 per share. The Company expects to use the net proceeds from the Offering for general corporate purposes.Barclays and J.P. Morgan acted as the underwriters for the Offering.The Offering was made under an automatic shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 17, 2020. The Offering was made only by means of a prospectus supplement and an accompanying base prospectus. A prospectus supplement and accompanying base prospectus relating to the Offering have been filed with the SEC and are available on the SEC’s...

New York, NY, Nov. 20, 2020 (GLOBE NEWSWIRE) — Recharge Acquisition Corp. (Nasdaq: RCHGU) (the “Company”) announced today that, commencing on or about November 23, 2020, holders of the 20,040,000 units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock and warrants included in the units. Class A common stock and warrants that are separated will trade on The Nasdaq Capital Market under the symbols “RCHG” and “RCHGW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on The Nasdaq Capital Market under the symbol “RCHGU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent,...

AUSTIN, Texas, Nov. 20, 2020 (GLOBE NEWSWIRE) — BigCommerce Holdings, Inc. (“BigCommerce” or the “Company”) (Nasdaq: BIGC) today announced the exercise in full of the underwriters’ option to purchase an additional 750,000 shares of the Company’s Series 1 common stock from certain selling stockholders at a price to the public of $68.00 per share in connection with the previously announced follow-on public offering of its Series 1 common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”). The Company will not receive any proceeds from the sale of the additional 750,000 shares of Series 1 common stock by selling stockholders. The initial closing of the offering occurred on November 17, 2020.J.P. Morgan and Barclays served as lead book-running managers for the proposed...

NEW YORK, Nov. 20, 2020 (GLOBE NEWSWIRE) — Prospect Capital Corporation (Nasdaq: PSEC) (the “Company”) announced today that its annual meeting of stockholders, scheduled for Wednesday, December 2, 2020, at 3:30 p.m. EST (with any postponements or adjournments, the “Annual Meeting”), will be held by Internet webcast in order to mitigate potential risks to the health and safety of the Company’s stockholders, directors, service providers, personnel and other stakeholders arising from the public health impact of the coronavirus outbreak.If you are a stockholder as of the record date you may participate in the Annual Meeting via live audio webcast by visiting the following website and following the registration and participation instructions contained therein: www.virtualshareholdermeeting.com/PSEC2020. If you hold your shares directly,...

ST. JOHN’S, Terre-Neuve-et-Labrador, 20 nov. 2020 (GLOBE NEWSWIRE) —Le conseil d’administration de Fortis Inc. (« Fortis » ou la « Société ») (TSX/NYSE:FTS) a déclaré les dividendes suivants :0,3063 $ par action privilégiée de premier rang de série F de la Société, payable le 1er mars 2021 aux actionnaires inscrits au 16 février 2021 à la fermeture des marchés;0,2745625 $ par action privilégiée de premier rang de série G de la Société, payable le 1er mars 2021 aux actionnaires inscrits au 16 février 2021 à la fermeture des marchés;0,11469 $ par action privilégiée de premier rang de série H de la Société, payable le 1er mars 2021 aux actionnaires inscrits au 16 février 2021 à la fermeture des marchés;0,10851 $ par action privilégiée de premier rang de série I de la Société, payable le 1er mars 2021 aux actionnaires inscrits...

CEDAR RAPIDS, Iowa, Nov. 20, 2020 (GLOBE NEWSWIRE) — Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) (“UFG”) declared a common stock quarterly cash dividend of $0.15 per share. This dividend will be payable December 18, 2020 to shareholders of record as of December 4, 2020.UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 211th consecutive quarterly dividend paid, dating back to March 1968. UFG’s corporate strategy is focused on growth that diversifies the effects of individual underwriting perils, and the new dividend level supports these strategic capital requirements.About UFGFounded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and...

MCLEAN, Va., Nov. 20, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms. The company expects to issue approximately $1.2 billion in K Certificates (K-120 Certificates), which are expected to settle on or about November 24, 2020.K-120 PricingDetailsCo-Lead Managers and Joint Bookrunners: Wells Fargo Securities, LLC and Goldman, Sachs and Co. LLCCo-Managers: Credit Suisse Securities (USA) LLC, Loop Capital Markets LLC, Performance Trust Capital Partners, LLC and PNC Capital Markets LLCRating Agencies: Fitch Ratings, Inc. and Kroll Bond Rating Agency, Inc.Related LinksThe K-120 Preliminary Offering Circular Supplement: http://www.freddiemac.com/mbs/data/k120oc.pdfFreddie...

Zürich | Stockholm – 20 November 2020 – The board of directors of 21Shares AG is pleased to announce the publication of its updated 2020 prospectus, approved by the Swedish Financial Supervisory Authority (SFSA – Fi.se). The prospectus can be found under the website https://21shares.com/ir/#prospectus for immediate download.Under the newly approved prospectus, the pioneering Swiss issuer of crypto ETPs receives regulatory approval and continues to deploy institutional-grade products in Switzerland and Europe on regulated segment of stock exchanges.“The growth of our company – both in terms of assets as well as product innovation – is a clear testament that we are succeeding in our mission to deliver superior and approved products to the financial market.” Hany Rashwan CEO 21Shares AG said. “Under the updated prospectus,...