Day: December 10, 2020

LMP Automotive Holdings, Inc. Engages Truist Securities, Inc. as the Lead Arranger for up to a $660M Syndicated Senior Credit Facilities

Written by Customer Service on December 10, 2020. Posted in Public Companies.

FORT LAUDERDALE, Fla., Dec. 10, 2020 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (the “Company” or “LMP”), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe to or finance pre-owned and new automobiles, today announced it has engaged Truist Securities, Inc. as the Lead Arranger for up to a $660 million Syndicated Senior Credit Facilities.Sam Tawfik, LMP’s Chief Executive Officer stated, “We chose to partner with Truist because they have proven their leadership in the syndicated and leveraged finance market, accompanied by their strong industry expertise financing growth-oriented dealer platforms, Automotive Retail Investment Banking, Dealer Commercial Services, Dealer Retail Services, Fleet Leasing and Structured Real Estate.”Evan Bernstein, LMP’s Chief Financial...

Sprout Social Announces Appointment of Raina Moskowitz to Board of Directors

Written by Customer Service on December 10, 2020. Posted in Public Companies.

CHICAGO, Dec. 10, 2020 (GLOBE NEWSWIRE) — Sprout Social, Inc. (“Sprout Social” or the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced that Raina Moskowitz, Chief Operations, Strategy and People Officer at Etsy, Inc., will be joining their board of directors, effective December 10, 2020.“As Sprout expands our footprint within the industry, we’re excited to have Raina join our board,” said Justyn Howard, CEO of Sprout Social. “She brings deep experience across several disciplines, has a proven track record with world-class companies and is a perfect complement to our board of directors and leadership team.”Raina oversees a number of functions to develop and enable Etsy’s strategy by delivering exceptional service and experiences for both employees and customers....

goeasy Ltd. Announces New $200 Million Securitization Facility

Written by Customer Service on December 10, 2020. Posted in Public Companies.

MISSISSAUGA, Ontario, Dec. 10, 2020 (GLOBE NEWSWIRE) — goeasy Ltd. (TSX: GSY), (“goeasy” or the “Company”), a leading full-service provider of goods and alternative financial services, announced today that it has completed the establishment of a new $200 million revolving securitization warehouse facility (the “Securitization Facility”), structured and underwritten by National Bank Financial Markets.The Securitization Facility, which will be collateralized by consumer loans originated by goeasy’s wholly owned subsidiary, easyfinancial Services Inc., will have an initial term of three years and interest on advances will be payable at the rate of 1-month CDOR (Canadian Dollar Offered Rate) plus 295 bps. Based on the current 1-month CDOR rate of 0.47% as of December 9, 2020, the interest rate would be 3.42%. The Company also intends...

Major Drilling Announces Strong Results for Q2 2021

Written by Customer Service on December 10, 2020. Posted in Earnings Releases And Operating Results.

MONCTON, New Brunswick, Dec. 10, 2020 (GLOBE NEWSWIRE) — Major Drilling Group International Inc. (TSX: MDI), a leading provider of specialized drilling services to the mining sector (“Major Drilling” or the “Company”), today reported results for its second quarter of fiscal year 2021, ended October 31, 2020.HighlightsGenerated revenue of $114.2 million, an increase of 28% from Q1 2021, driven by increasing momentum in gold drilling activity.Increased revenue from junior miners.Recorded net earnings of $7.0 million or $0.09 per share.Repaid $15.0 million of debt; well capitalized with $87 million of total liquidity and a net cash position (1) of $7.6 million, an increase of $9.6 million compared to Q1 2021.Achieved new drilling record with completion of 2,000-meter hole of PQ size, the largest size of core sample in the industry.“Although...

ERYTECH tiendra une présentation lors de la conférence JMP Securities Hematology

Written by Customer Service on December 10, 2020. Posted in Public Companies.

LYON, France, 10 déc. 2020 (GLOBE NEWSWIRE) — ERYTECH Pharma (Euronext Paris et Nasdaq : ERYP), société biopharmaceutique de stade clinique qui développe des thérapies innovantes en encapsulant des médicaments dans les globules rouges, annonce aujourd’hui que Gil Beyen, Directeur Général, tiendra une présentation lors de la conférence JMP Securities Hematology le mardi 15 décembre à 13h30 EST /18h30 GMT /19h30 CET. Le format sera une discussion “fireside chat” animée par Reni Benjamin de JMP Securities.L’événement se déroulera de manière virtuelle, tous les participants, côté sociétés et investisseurs, se joignant à distance.Une retransmission webcast de l’événement sera disponible en cliquant ici et sera accessible via le site web d’ERYTECH à l’adresse http://www.erytech.com/investors/webcast/À propos d’ERYTECH :...

iBio Announces Closing of its Public Offering of Common Stock

Written by Customer Service on December 10, 2020. Posted in Public Companies.

BRYAN, Texas, Dec. 10, 2020 (GLOBE NEWSWIRE) — iBio, Inc. (NYSEA:IBIO) (“iBio” or the “Company”), a biotech innovator and biologics contract manufacturing organization, today announced the closing of its underwritten public offering of approximately 29.7 million shares of its common stock for gross proceeds of $35.0 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by iBio. In addition, iBio has granted the underwriter a 30-day option to purchase up to approximately 4.4 million additional shares of its common stock.Cantor Fitzgerald & Co. was the sole book-running manager for the offering. Roth Capital Partners acted as financial advisor to iBio.iBio anticipates using the net proceeds from the offering to accelerate development of its biotherapeutic and vaccine...

ERYTECH to Present at the JMP Securities Hematology Summit

Written by Customer Service on December 10, 2020. Posted in Public Companies.

LYON, France and CAMBRIDGE, Mass., Dec. 10, 2020 (GLOBE NEWSWIRE) — ERYTECH Pharma (Nasdaq & Euronext: ERYP), a clinical-stage biopharmaceutical company developing innovative therapies by encapsulating therapeutic drug substances inside red blood cells, announced today that CEO, Gil Beyen, will present at the JMP Securities Hematology Summit Tuesday December 15that 1:30pm EST /06:30pm GMT /7:30pm CET. The format will be a “fireside chat” discussion hosted by JMP Securities’ Reni Benjamin.The event will be held virtually, with all corporate and institutional participants joining remotely.A webcast of the event will be available by clicking here and will be accessible via ERYTECH’s website at http://www.erytech.com/investors/webcast/About ERYTECH and eryaspaseERYTECH is a clinical-stage biopharmaceutical company developing...

Brunswick Corporation Awarded Community Support Initiative Award during 2020 Boat Builder Awards

Written by Customer Service on December 10, 2020. Posted in Public Companies.

METTAWA, Ill., Dec. 10, 2020 (GLOBE NEWSWIRE) — Brunswick Corporation (NYSE: BC) was named one of two companies to win the Community Support Initiative Boat Builders Award today during the 2020 virtual METSTRADE Show.The Community Support Initiative represents a new 2020 category established in response to the COVID-19 crisis. Brunswick and its employees were recognized for demonstrating great social awareness by channeling resources, expertise and manufacturing capabilities to aid the communities in which they live and work as well as providing COVID-19 crisis support.“We are honored to win the Community Support Initiative Award and thank the judges for recognizing our efforts to prioritize the health and safety of our employees and their families above all else,” said Dave Foulkes, Brunswick Corporation CEO. “We understand the...

InfuSystem to Announce Full Year 2021 Guidance on Tuesday, December 15, 2020

Written by Customer Service on December 10, 2020. Posted in Public Companies.

ROCHESTER HILLS, Michigan, Dec. 10, 2020 (GLOBE NEWSWIRE) — December 10, 2020 – InfuSystem Holdings, Inc. (NYSE American: INFU), (“InfuSystem” or the “Company), a leading national health care service provider, facilitating outpatient care for durable medical equipment manufacturers and health care providers, today announced that it will issue full year 2021 annual financial guidance on Tuesday, December 15, 2020, before the market opens.The Company will also conduct a conference call for all interested investors on Tuesday, December 15, 2020, at 9:00 a.m. Eastern Time to discuss its full year 2021 guidance and business developments.To participate in this call, please dial (833) 366-1127 or (412) 902-6773, or listen via a live webcast, which is available in the Investors section of the Company’s website at https://ir.infusystem.com/. ...

Neovasc Announces Closing of US$6.1 Million Registered Direct Offering Priced At-the-Market

Written by Customer Service on December 10, 2020. Posted in Public Companies.

VANCOUVER and MINNEAPOLIS, Dec. 10, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Neovasc, Inc. (“Neovasc” or the “Company”) (NASDAQ, TSX: NVCN) announced today that it has closed its previously announced registered direct offering (the “Offering”) priced at-the-market under the Nasdaq Capital Market (the “Nasdaq”) rules of an aggregate of 6,230,803 common shares at a price of US$0.9801 per common share. Aggregate gross proceeds to the Company were approximately US$6.1 million, before deducting placement agent’s fees and estimated expenses of the Offering payable by the Company. H.C. Wainwright & Co. acted as the exclusive placement agent for the Offering.Each common share was sold, in a concurrent private placement in the United States, with one common share purchase...

Day: December 10, 2020

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