Day: December 28, 2020
COLORADO SPRINGS, Dec. 28, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Gold Resource Corporation (NYSE American: GORO) (the “Company”) regretfully reports an Arista mine employee was fatally injured Thursday, December 24, 2020 at its operations in Oaxaca, Mexico. The Company is working with authorities in an ongoing investigation to establish the exact cause of the accident. The incident involved a light vehicle in an unauthorized and inactive area of the Arista underground mine. The Company immediately informed the relevant authorities, and an investigation of the incident is currently ongoing. Company mining operations continue in parallel with the investigation. The entire management team of Gold Resource Corporation extend our deepest sympathies to the family, friends and colleagues who have lost their loved one in this...
Monaker Group Announces Bought Deal Offering
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Weston, FL, Dec. 28, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Monaker Group, Inc. (NASDAQ: MKGI), an innovative technology company, today announced that it has entered into an underwriting agreement pursuant to which the underwriters have agreed to purchase on a firm commitment basis a minimum of 2,600,000 shares of common stock of the Company, at a price to the public of $2.50 per share (the “Public Price”). The closing of the offering is expected to occur on or about December 31, 2020, subject to customary closing conditions.Kingswood Capital Markets, division of Benchmark Investments, Inc. and Aegis Capital Corp. are acting as the book-running managers for the offering.The Company also has granted to the underwriters a 45-day option to purchase up to 15% of the offering at the Public Price.The shares of common stock described...
GBS, Inc. Announces Closing of Upsized $21.6 Million Initial Public Offering
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NEW YORK, Dec. 28, 2020 (GLOBE NEWSWIRE) — GBS Inc. (the “Company”) (Nasdaq: GBS), a life sciences company developing non-invasive, real-time diagnostic testing in the hands of patients and their primary health practitioners at point of care, today announced the closing of its previously announced initial public offering of 1,270,589 units of its securities, which amount reflected the 20% upsizing of the offering that was implemented at the time of pricing. Each unit was sold at the price of $17.00 and immediately separated into (a) one share of the Company’s common stock, (b) one Series A Warrant to purchase one share of the Company’s common stock at an exercise price equal to $8.50 per share exercisable until the 5th anniversary of the issuance date, and (c) one Series B Warrant to purchase one share of the Company’s common stock...
Verus International Enters Into Agreements with Game On Foods
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Gaithersburg, MD, Dec. 28, 2020 (GLOBE NEWSWIRE) — Verus International, Inc. (“Verus” or the “Company”) (OTC Pink: VRUS) is announcing that the Company and its wholly owned subsidiary, Big League Foods, Inc. (“BLF”), entered into a letter agreement (the “Agreement”) with ACG Global Solutions, Inc. (“ACG”) and Game on Foods, Inc. (“GOF”), whereby for certain consideration, BLF agreed to sell, transfer, and assign all of BLF’s rights, title, and interest in and to all of BLF’s assets to GOF. Under this agreement, GOF will manufacture, package and ship candy products under existing BLF licenses, while Verus will operate its own sales organization in support of this arrangement.GOF is in the process of building a custom fulfillment operation that is capable of producing smaller and more variable lot sizes compared to traditional candy...
Acutus Medical to Present at the J.P. Morgan 39th Annual Healthcare Conference
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CARLSBAD, Calif., Dec. 28, 2020 (GLOBE NEWSWIRE) — Acutus Medical, Inc. (“Acutus”) (Nasdaq: AFIB), an arrhythmia management company focused on improving the way cardiac arrhythmias are diagnosed and treated, today announced that its management will present at the upcoming J.P. Morgan 39th Annual Healthcare Conference on Wednesday, January 13, 2021 at 10:00 a.m. Eastern Time.A live, audio-only webcast of the presentation may be accessed by visiting ir.acutusmedical.com. A replay of the webcast will be available shortly after the conclusion of the presentation and will be archived on the Company’s website for 30 days following the presentation.About Acutus Medical, Inc.Acutus Medical is an arrhythmia management company focused on improving the way cardiac arrhythmias are diagnosed and treated. Acutus is committed to advancing...
Meten EdtechX Waives Condition to its Offer to Exercise Warrants at a Reduced Price
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SHENZHEN, China, Dec. 28, 2020 (GLOBE NEWSWIRE) — Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, today announced that it has waived a condition to its previously announced offer to exercise (“Offer to Exercise”) certain warrants (the “Warrants”) at a reduced price of $1.40 per share. The Company has waived the condition requiring that at least sixty-five percent (65%) of the outstanding Warrants be tendered prior to 11:59 p.m. (Eastern Time) on January 5, 2021 (the “Expiration Date”). In connection with the waiver, if the Company completes the offer, the exercise price of all outstanding Warrants following the Expiration Date will temporarily be reduced to $2.50 per share, and be subject to a “full-ratchet” anti-dilution...
Sprout Social Announces Promotion of Ryan Barretto to President
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CHICAGO, Dec. 28, 2020 (GLOBE NEWSWIRE) — Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced the promotion of Ryan Barretto to President, effective immediately. Barretto, previously Sprout Social’s Senior Vice President of Global Sales, will continue to report to Chairman and CEO, Justyn Howard.“I am grateful for this opportunity to help lead the next chapter in Sprout’s story,” said Ryan Barretto, President of Sprout Social, who will now oversee global sales, customer success and marketing. “I’ve been honored to be a part of Sprout’s growth over the past four years particularly because it’s been fueled by an equal commitment to both our employees’ and customers’ success. That foundation,...
Arvinas, Inc. Announces Exercise of Underwriters’ Option to Purchase Additional Shares
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NEW HAVEN, Conn., Dec. 28, 2020 (GLOBE NEWSWIRE) — Arvinas, Inc. (Nasdaq: ARVN), a clinical-stage biotechnology company creating a new class of drugs based on targeted protein degradation using its PROTAC® Discovery Engine, today announced that the underwriters of its previously announced underwritten public offering of common stock, which closed on December 18, 2020, have exercised in full their option to purchase additional shares of common stock at the public offering price, less underwriting discounts and commissions. After giving effect to the sale of 857,142 additional shares of common stock in the option closing, the total number of shares of common stock sold by Arvinas in the offering increased to 6,571,428 shares, which resulted in aggregate net proceeds of approximately $431.9 million. All of the shares were offered...
Green Plains Completes Sale of Hereford, Texas Plant
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OMAHA, Neb., Dec. 28, 2020 (GLOBE NEWSWIRE) — Green Plains Inc. (NASDAQ:GPRE) today announced that its subsidiary, Green Plains Hereford LLC, has completed the previously announced sale of its ethanol plant located in Hereford, Texas, to Hereford Ethanol Partners, L.P. for $39 million, plus working capital. Additionally, an earnout provision of up to $75 million related to certain value enhancement opportunities, including future earnings from Low Carbon Fuel Standard credits was included as part of the transaction. In conjunction with this transaction, Green Plains Partners LP (NASDAQ:GPP) today also announced it has completed the sale of the storage assets and the assignment of certain rail transportation assets associated with Green Plains Hereford LLC for $10 million. The proceeds from the transaction were used to repay debt.About...
Prospect Capital Corporation Announces Launch of Cash Tender Offer For its 6.375% Convertible Notes due 2025
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NEW YORK, Dec. 28, 2020 (GLOBE NEWSWIRE) — Prospect Capital Corporation (the “Company”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase up to $20,000,000 aggregate principal amount of outstanding 6.375% Convertible Notes due 2025 (the “Notes”). The Tender Offer will expire at 12:00 midnight, New York City time, on January 27, 2021 (one minute after 11:59 p.m., New York City time, on January 26, 2021), or any other date and time to which the Company extends the Tender Offer (such date and time, as it may be extended, the “Expiration Date”). The Tender Offer is made pursuant to an Offer to Purchase dated today, which sets forth the terms and conditions of the Tender Offer.The consideration to be paid for each $1,000 principal amount of Notes that are validly tendered and not validly withdrawn...