Phathom Pharmaceuticals Announces Pricing of Public Offering of Common Stock

Written by Customer Service on December 16, 2020. Posted in Public Companies.

FLORHAM PARK, N.J., Dec. 16, 2020 (GLOBE NEWSWIRE) — Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a late clinical-stage biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, announced today the pricing of its underwritten public offering of 2,250,000 shares of its common stock at a price to the public of $42.00 per share. All of the shares to be sold in the offering are being sold by Phathom. The gross proceeds to Phathom from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be $94.5 million. In addition, Phathom has granted the underwriters a 30-day option to purchase up to an additional 337,500 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering...

Pandemic Accelerates Australia’s Broad Move Toward Cloud Computing, Digital Transformation

Written by Customer Service on December 16, 2020. Posted in Public Companies.

SYDNEY, Australia, Dec. 16, 2020 (GLOBE NEWSWIRE) — Many Australian companies are joining a broad movement in the country toward cloud computing and digital transformation, a trend accelerated by the COVID-19 crisis, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.The 2020 ISG Provider Lens™ Digital Business – Solutions and Service Partners report for Australia, the first such ISG report focusing on the country’s digital business provider ecosystem, finds many Australian enterprises looking for digital ways to be more competitive, improve supply chains, enable remote working and ensure business continuity. These goals became even more urgent with the arrival of the pandemic, which severely disrupted business practices even though...

Johnson Outdoors Inc. Annual Shareholders Meeting

Written by Customer Service on December 16, 2020. Posted in Public Companies.

RACINE, Wisc., Dec. 16, 2020 (GLOBE NEWSWIRE) — Johnson Outdoors Inc. (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, will hold its Annual Shareholders meeting on Thursday, February 25, 2021, beginning at 10:00 a.m. Central Time. Due to public health concerns arising from the COVID-19 pandemic, the annual meeting will be a completely “virtual meeting.” Shareholders of record as of December 18, 2020, will be able to attend the annual meeting as well as vote and submit questions during the live webcast of the meeting by visiting www.virtualshareholdermeeting.com/JOUT2021 and entering the 16-digit control number included on their Notice of Annual Meeting or Proxy Card or the instructions that accompanied their proxy materials.A live listen-only web cast of the Annual Meeting may also be accessed...

Globalive Technology Announces Definitive Arrangement Agreement with Yooma Corp. to Complete its Previously Announced Reverse Takeover Transaction

Written by Customer Service on December 16, 2020. Posted in Public Companies.

Globalive Technology today announced that it has signed a binding arrangement agreement to complete the previously announced reverse takeover transaction with Yooma Corp., an Asia-focused social commerce company.TORONTO, Dec. 16, 2020 (GLOBE NEWSWIRE) — Globalive Technology Inc. (TSX-V: LIVE) (the “Company”), a technology company based in Toronto, Ontario, announced today that it has signed a binding arrangement agreement (the “Agreement”) with Yooma Corp. (“Yooma”) to complete its previously announced arm’s length reverse take-over of Yooma (the “Transaction”). The Transaction is to be completed by way of a court approved plan of arrangement under the Business Corporations Act (Ontario) with the common shares of the resulting issuer (the “Resulting Issuer”) continuing following the amalgamation of the Company and Yooma to be listed...

ADDvantage Technologies Reports Financial Results for Fourth Quarter and Year End Fiscal 2020

Written by Customer Service on December 16, 2020. Posted in Public Companies.

CARROLLTON, Texas, Dec. 16, 2020 (GLOBE NEWSWIRE) — ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today reported its financial results for the three and twelve months ended September 30, 2020.ADDvantage’s Chief Executive Officer, Joe Hart, commented, “With 2020 being a challenging global business environment, ADDvantage Technologies group was identified as an ‘essential service’ as we provide critical infrastructure in building and supporting communications services. We have been resilient in our cost and cash management as we had significant hurdles to overcome in both our Telco and Wireless business during fiscal year 2020. These hurdles were primarily driven by the shift to remote work as offices shut down impacting our Telco business and closure of special outdoor event or large...

CVB Financial Corp. Announces 125th Consecutive Cash Dividend

Written by Customer Service on December 16, 2020. Posted in Public Companies.

ONTARIO, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) — CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced an eighteen cent ($0.18) per share cash dividend with respect to the fourth quarter of 2020. The dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on December 16, 2020. The dividend will be payable on or about January 15, 2021 to shareholders of record as of December 31, 2020.Corporate OverviewCVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with over $13 billion in total assets. Citizens Business Bank is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services through 57 banking centers...

Galane Gold Provides an Update on Its Galaxy Property and Announces that it has Initiated Phase 2 of Its Galaxy Expansion Plan

Written by Customer Service on December 16, 2020. Posted in Public Companies.

TORONTO, Dec. 16, 2020 (GLOBE NEWSWIRE) — Galane Gold Ltd. (“Galane Gold” or the “Company”) (TSX-V: GG; OTCQB: GGGOF) is pleased to provide an update on its Galaxy property and to announce that it has initiated phase 2 of its Galaxy expansion plan (“Phase 2”) to take production to over 43,000 ounces per year at an all in operating cash cost of less than $750 per ounce.(1) All dollar amounts referenced herein are stated in United States dollars.GALAXY UPDATEProcessing Plant UpgradeGalane has commissioned and completed the upgrade of the processing capacity at the plant at Galaxy (the “Galaxy Plant”) from 15,000 tonnes per month to 50,000 tonnes per month.(2)(3)(4) This means that the plant is now right sized for the completion of Phase 2.The following is a summarized description of the work performed at the Galaxy Plant:Ore bins...

Aerojet Rocketdyne Delivers Key Space and Defense Capabilities for the Nation During 2020

Written by Customer Service on December 16, 2020. Posted in Public Companies.

EL SEGUNDO, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) — Major contract awards to support the nation’s heavy-lift exploration rocket and next-generation strategic deterrent programs were among the 2020 highlights for Aerojet Rocketdyne.Other contributors to another successful year in service to the nation were additional breakthroughs and contract awards in space exploration, missile defense, hypersonics and national security launch, as well as achieving a number of milestones on long-running space and defense production programs. The company produced more than 330 in-space engines and nearly 70,000 solid rocket motors this year.Aerojet Rocketdyne employees displayed great resilience and innovation as they adapted to the challenges posed by the COVID-19 pandemic. The company implemented comprehensive safety protocols and flexible workforce...

Luckin Coffee Reaches Settlement with U.S. Securities and Exchange Commission

Written by Customer Service on December 16, 2020. Posted in Public Companies.

NEW YORK, Dec. 16, 2020 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (the “Company” or “Luckin Coffee”) (OTC: LKNCY) today announced that it has reached a settlement (the “Settlement”) with the United States Securities and Exchange Commission (the “SEC”) regarding the SEC investigation of fabricated transactions perpetrated by certain former executives and employees, as disclosed in the Company’s press release on April 2, 2020.“This settlement with the SEC reflects our cooperation and remediation efforts, and enables the Company to continue with the execution of its business strategy,” said Dr. Jinyi Guo, Chairman and Chief Executive Officer of Luckin Coffee. “The Company’s Board of Directors and management are committed to a system of strong internal financial controls, and adhering to best practices for compliance and corporate governance.”In...

North American Construction Group Ltd. Announces Leadership Succession

Written by Customer Service on December 16, 2020. Posted in Public Companies.

ACHESON, Alberta, Dec. 16, 2020 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG”) (TSX: NOA/NYSE: NOA) today announced the appointment of Joseph C. “Joe” Lambert to the position of President and Chief Executive Officer, effective January 1, 2021. Mr. Lambert has also been appointed to the Board as of that date.As of January 1, 2021, Martin Ferron will assume the role of Executive Chairman and resign as Chief Executive Officer. This will facilitate transitional oversight and support to the executive team throughout 2021. Beyond that, Mr. Ferron, subject to the continued annual confidence of shareholders and fellow Directors, plans to remain as non-executive Chairman of the Board of Directors and as a major shareholder.Mr. Ferron commented: “I am very proud of the many achievements NACG has attained during my eight-plus...

Day: December 16, 2020

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