Columbus enters into agreement regarding divestment of To-Increase

Written by Customer Service on December 21, 2020. Posted in Public Companies.

Today, Columbus A/S entered into an agreement to divest its software subsidiary To-Increase to Gilde Buy Out Partners and the management of To-Increase for a price (Enterprise Value) of EUR 113m. The agreement has been entered into following a binding offer which Columbus received from Gilde Buy Out Partners today. The transaction is subject to Works Council consultation procedures being finalized in accordance with Dutch law. The transaction is expected to be completed during January 2021.The agreement is part of the strategic review of Columbus’ portfolio and follows the decision made by Columbus’ Board of Directors to initiate a structured sales process to explore the possibility of divesting the software company To-Increase as part of Columbus’ new strategic direction to become a global consultancy. This decision was announced in...

Titanium Corporation Announces $10 Million Funding Award by Sustainable Development Technology Canada for the Engineering Phase of the CVW™ Horizon Project

Written by Customer Service on December 21, 2020. Posted in Public Companies.

CALGARY, Alberta, Dec. 21, 2020 (GLOBE NEWSWIRE) — Titanium Corporation Inc. (the “Company” or “Titanium”) (TSX-V: TIC) is pleased to announce that Sustainable Development Technology Canada (“SDTC”) has approved a $10 million contribution to the Company for the detailed engineering phase of the CVW™ Horizon Project. The SDTC funding is subject to successful negotiation of a Project Funding Agreement (“PFA”) with SDTC. The proposed start date for SDTC funding is January 1, 2021 subject to execution of the PFA.“Canadian entrepreneurs are leading the global stage in developing sustainable solutions for a more sustainable future. With Titanium’s leadership in the circular economy, we will see a new minerals industry created from waste and reduce the environmental footprint of the oil sands.” Leah Lawrence, SDTC...

ARIA Cybersecurity Extends Free Cybersecurity Solution to Stop On-going Attacks Affecting Users of SolarWinds Orion Platform

Written by Customer Service on December 21, 2020. Posted in Public Companies.

The ARIA Advanced Detection and Response Solution Will Detect and Stop the On-going Attacks Against Compromised Government and Commercial OrganizationsBOSTON, Dec. 21, 2020 (GLOBE NEWSWIRE) — ARIA Cybersecurity Solutions, a CSPi business (NASDAQ: CSPi) that delivers a software-defined approach for improved cyber-attack incident response, today announced the free use of the ARIA Advanced Detection and Response (ADR) for a three-month period to detect and stop the on-going attacks in the 18,000 organizations potentially impacted by the “SUNBURST” enabled cyber attack. The Cyber Infrastructure Security Agency (CISA) has classified the attack that has hamstrung over a dozen agencies, three states, and hundreds of commercial organizations as an Advanced Persistent Threat (APT). Upon penetrating the organization via the “SUNBURST”...

PropTech Acquisition Corp. Stockholders Overwhelmingly Approve Business Combination with Porch.com; Cash Proceeds to Exceed $322 Million Following Transaction Closing

Written by Customer Service on December 21, 2020. Posted in Public Companies.

– All Stockholder Proposals Were Approved –– 99.99% of Public Shareholders Elected to Retain Porch Common Stock –– Over $322 Million of Gross Proceeds Raised in The Transaction Will Help Accelerate Growth in a $220 Billion Addressable Market –– Transaction Expected to Close on December 23, 2020 –NEW YORK, Dec. 21, 2020 (GLOBE NEWSWIRE) — PropTech Acquisition Corporation (NASDAQ: PTAC) (“PropTech” or “PTAC”) today announced that its stockholders voted to approve the proposed business combination (the “Business Combination”) with Porch.com, Inc. (“Porch” of “the Company”) and the related proposals at a Special Meeting held for this purpose on December 21, 2020. Holders of 16,859,288 shares of PTAC’s common stock, or 99.99% of the issued and outstanding shares, voted in favor of...

Brattle Street Announces Name Change to Salona Global Medical Device Corporation; Completes Share Consolidation; Closes Oversubscribed Concurrent Financing for Transformative Deal

Written by Customer Service on December 21, 2020. Posted in Public Companies.

SAN DIEGO, Dec. 21, 2020 (GLOBE NEWSWIRE) — Salona Global Medical Device Corporation (formerly Brattle Street Investment Corp.) (the “Company” or “Salona Global”)) (TSXV:SGMD) is pleased to announce it has changed its name to “Salona Global Medical Device Corporation” and its stock ticker symbol has been changed from “BRTL” to “SGMD”. In connection with its previously announced acquisition and a change of business (the “Transaction”), Salona Global has also completed the Consolidation (defined below). As part of the re-listing plan, Salona Global is pleased to announce it has closed its previously announced concurrent‎ financing, for $5,550,258, representing an oversubscription of $568,981, details of which are below.Upon re-listing, currently subject to TSX Venture Exchange (the “Exchange”) and shareholder approval and the US Securities...

Delta 9 to Open Ninth Cannabis Retail Store

Written by Customer Service on December 21, 2020. Posted in Public Companies.

WINNIPEG, Manitoba, Dec. 21, 2020 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”), is pleased to announce the grand opening of its ninth Delta 9 Cannabis retail store, and sixth cannabis store in the Province of Manitoba. Delta 9’s newest retail store is located in the City of Winnipeg and is scheduled to open on December 22, 2020.“We’re excited to bring Delta 9 and our many brand partners to the residents of Transcona and surrounding areas while contributing to their community as a socially responsible and community-oriented business.” said John Arbuthnot, CEO of Delta 9. “Winnipeg has been an amazing market for us, and we want to continue to invest and grow here. Our retail strategy is to offer some of the best selection of cannabis products at the lowest prices from the most popular...

Biopharma Executive Rick Crowley Joins Novavax as Chief Operations Officer

Written by Customer Service on December 21, 2020. Posted in Public Companies.

GAITHERSBURG, Md., Dec. 21, 2020 (GLOBE NEWSWIRE) — Novavax, Inc. (Nasdaq: NVAX), a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, today announced the appointment of Rick Crowley to the newly created position of Executive Vice President, Chief Operations Officer. In this role, Mr. Crowley will have leadership responsibility for all operations, including Quality, Manufacturing, Supply Chain and Regulatory Affairs. He takes over manufacturing from Ben Machielse, who will continue with the company as an executive advisor to the Chief Executive Officer, supporting the development of the COVID vaccine.“Rick’s wealth of biopharmaceutical experience and record of on-time FDA approvals comes at the perfect time to help ensure that Novavax delivers on our global manufacturing mission...

Tower One Provides Construction and Business Update

Written by Customer Service on December 21, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, Dec. 21, 2020 (GLOBE NEWSWIRE) — TOWER ONE WIRELESS CORP. (CSE: TO) (OTCQB: TOWTF) (Frankfurt: 1P3N) (“Tower One” or the “Company”) provides a construction update for the month of November 2020.Commenting on the construction results for the month of November, Mr. Luis Parra, Tower One’s COO said, “We are happy to report two new towers and thirteen new antenna colocations were accepted by our customers during this last month. Construction activity is solid with fifty-five towers being constructed across Colombia, Mexico and Argentina which we expect to be ready for acceptance by our customers by the end of January of 2021.”“Our construction team, together with contractors and key suppliers, are doing a fantastic job and we plan to continue to deliver on our targets even under this challenging operating...

Farmers & Merchants Bancorp, Inc. Announces Acquisition of Ossian Financial Services, Inc.

Written by Customer Service on December 21, 2020. Posted in Public Companies.

ARCHBOLD, Ohio, Dec. 21, 2020 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp, Inc. (“F&M” or the “Company”) (Nasdaq: FMAO), the holding company for Farmers & Merchants State Bank, announced today that they have signed an agreement and plan of reorganization and merger (the “Agreement”) whereby F&M will acquire Ossian Financial Services, Inc. (“OFSI”), the holding company for Ossian State Bank, in a cash transaction. OFSI operates two full-service offices in northeast Indiana and has approximately $122 million in assets, $58 million in loans, $108 million in deposits and $11.9 million in consolidated equity as of September 30, 2020. OFSI is taxed as an S-Corporation.Subject to the terms of the Agreement, which has been unanimously approved by the Board of Directors of each company, aggregate cash consideration...

Medexus Announces Annual Equity Incentive Grants to Non-Executive Directors

Written by Customer Service on December 21, 2020. Posted in Public Companies.

TORONTO and CHICAGO and MONTREAL, Dec. 21, 2020 (GLOBE NEWSWIRE) — Medexus Pharmaceuticals Inc. (the “Company” or “Medexus”) (TSXV: MDP) (OTCQX: MEDXF) (Frankfurt: P731) announced today that the board of directors of the Company (the “Board”) has formally granted (the “Annual Grants”) restricted share units (“RSUs”) and stock options (“Options”) to the Company’s non-executive directors pursuant to the Company’s previously-approved annual director compensation framework. The Annual Grants were approved by the Board in November 2020 on the recommendation of the Compensation, Corporate Governance and Nominating Committee of the Board as part of the Company’s overall director compensation program.An aggregate of 25,200 RSUs and 50,400 Options were granted to the Company’s five non-executive directors with an effective date of December...

Day: December 21, 2020

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