Day: January 19, 2021

Universal Stainless to Webcast Fourth Quarter 2020 Conference Call on January 27th

Written by Customer Service on January 19, 2021. Posted in Public Companies.

BRIDGEVILLE, Pa., Jan. 19, 2021 (GLOBE NEWSWIRE) — Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it will report financial results for the fourth quarter and full year 2020 on Wednesday, January 27, 2021. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on January 27th. The call will be webcast simultaneously for all interested parties over the Internet.Those wishing to listen to the live conference call via telephone should dial 706-679-0668, passcode 9091458.The simultaneous webcast will be available on the Company’s website at www.univstainless.com, and thereafter archived on the website through the end of the first quarter of 2021. Please allow 5 minutes prior to the live webcast to visit the site to download and install any necessary...

Medigus Announces Exercise and Closing of Underwriter’s Over-Allotment Option

Written by Customer Service on January 19, 2021. Posted in Public Companies.

OMER, Israel, Jan. 19, 2021 (GLOBE NEWSWIRE) — Medigus Ltd. (Nasdaq, TASE: MDGS), a technology company engaged in advanced medical solutions and innovative internet technologies, today announced that the underwriter of its previously announced underwritten public offering has exercised, in full, their option to purchase an additional 548,960 ADSs at a price of $2.30 per ADS. Total gross proceeds to the Company from the offering, including the funds received from the prior closing and exercise of this option, are approximately $9.6 million, before deducting underwriting discounts, commissions and other offering expenses payable by the Company. The offering was made pursuant to an F-3 registration statement previously filed with and declared effective by the Securities and Exchange Commission (SEC). A final prospectus and accompany...

Apollo Commercial Real Estate Finance, Inc. Announces Dates for Fourth Quarter and Full Year 2020 Earnings Release and Conference Call

Written by Customer Service on January 19, 2021. Posted in Public Companies.

NEW YORK, Jan. 19, 2021 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today announced the Company will hold a conference call to review its fourth quarter and full year 2020 financial results on Thursday, February 11, 2021 at 10:00 a.m. Eastern Time. The Company’s fourth quarter and full year 2020 financial results will be released after the market closes on Wednesday, February 10, 2021. During the conference call, Company officers will review fourth quarter and full year 2020 performance, discuss recent events and conduct a question-and-answer period.Teleconference Details:Members of the public who are interested in participating in the Company’s fourth quarter and full year 2020 earnings teleconference call should dial from the U.S., (877) 331-6553, or from outside the U.S.,...

Mission Produce Announces Fiscal Fourth Quarter and Full Year 2020 Financial Results

Written by Customer Service on January 19, 2021. Posted in Public Companies.

OXNARD, Calif., Jan. 19, 2021 (GLOBE NEWSWIRE) — Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), the world leader in sourcing, producing, and distributing fresh avocados, today reported its financial results for the fiscal fourth quarter and full year ended October 31, 2020.Fiscal Fourth Quarter 2020 Highlights:Initial public offering (“IPO”) completed in October 2020, with 7.5 million shares sold at $12.00, and net proceeds of $78.1 million.Total revenue of $206.8 million, an 11% decrease compared to prior yearAvocado volume sold increased 16%, average selling price decreased 24% compared to prior yearGross profit decreased 7% to $39.5 million, and gross profit margin increased 70 basis points to 19% of revenue compared to prior yearNet Income of $18.8 million, or $0.29 per diluted share compared to $23.9 million,...

Stonybrook Capital advised Cypress Group Holdings, Inc. on its proposed majority sale to an investment group led by Milestone Partners

Written by Customer Service on January 19, 2021. Posted in Mergers And Acquisitions.

NEW YORK, Jan. 19, 2021 (GLOBE NEWSWIRE) — Stonybrook Capital (“Stonybrook”) is pleased to announce that it has advised Cypress Group Holdings, Inc. (“Cypress”) on its proposed majority sale to an investment group led by Milestone Partners (“Milestone”). Along with Cypress, Milestone has acquired controlling stakes in ancillary companies that were previously owned and controlled by the owners of Cypress. Approval for the change of control must be obtained from the domestic regulator of each insurance company. This marks yet another successfully completed transaction for Stonybrook in the last two weeks.Cypress Group Holdings, Inc. is the holding company for both Cypress Property and Casualty Insurance Company (“CPCIC”) and Access Home Insurance Company (“Access”). CPCIC is the Florida and Texas platform, while Access provides insurance...

Gevo Congratulates Nobel-Prize Winner and Co-founder, Frances Arnold for Being Named to President-Elect Joe Biden’s Science Team

Written by Customer Service on January 19, 2021. Posted in Public Companies.

ENGLEWOOD, Colo., Jan. 19, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) announced today that Frances H. Arnold, a Nobel-Prize recipient and Gevo’s Co-Founder, has been named to President-Elect Joe Biden’s Science Team. The Science Team is tasked with marshaling the force of science to drive meaningful progress in the lives of people. The Science Team will help the Biden-Harris administration confront some of the biggest crises and challenges of our time, including climate change.Patrick R. Gruber, the Chief Executive Officer of Gevo, said, “This appointment is well deserved. Gevo has benefited from Professor Arnold’s outstanding work in developing enzymes crucial to our technology. Gevo has used science to create technology that has established Gevo as a leader that transforms renewable energy and carbon into energy dense liquids...

Donegal Insurance Group Announces Appointment of Jeffery T. Hay as SVP and Chief Underwriting Officer

Written by Customer Service on January 19, 2021. Posted in Public Companies.

MARIETTA, Pa., Jan. 19, 2021 (GLOBE NEWSWIRE) — The Donegal Insurance Group, which consists of Donegal Mutual Insurance Company and the insurance subsidiaries of Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB), today announced the appointment of Jeffery T. Hay as Senior Vice President and Chief Underwriting Officer.Mr. Hay will play a key underwriting oversight role as Donegal continues to expand its underwriting capabilities to maximize the value Donegal provides to its policyholders and independent agents. Mr. Hay will also oversee process innovation to modernize and streamline the underwriting process by leveraging new technologies and enhanced data analytics in support of Donegal’s strategic objective to generate continued profitable growth in current and future markets.Mr. Hay brings to Donegal over 25 years of personal...

United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Extended Hostile Tender Offer; Provides Supplemental Information

Written by Customer Service on January 19, 2021. Posted in Public Companies.

GRAPEVINE, Texas, Jan. 19, 2021 (GLOBE NEWSWIRE) — United Development Funding IV (“UDF IV” or the “Trust”) announced that it recommends Trust shareholders reject the extended unsolicited tender offer made by hedge fund NexPoint Strategic Opportunities Fund (“NexPoint”) to purchase all Trust common shares (the “Shares”) for $1.10 per share (the “Tender Offer”).The Trust’s Board of Trustees (the “Board”) has reviewed the terms and conditions of the extended Tender Offer, considered other information relating to the Trust’s portfolio of assets, current financial condition and future opportunities and evaluated various other factors it deemed relevant, such as its knowledge of NexPoint and its affiliates, including NexPoint Advisors, L.P., Highland Capital Management, L.P. and NexPoint’s portfolio manager, James Dondero (collectively,...

NLV Reports Strong Growth in 2020 Cannabis Market and Forecasts Continued Demand for 2021

Written by Customer Service on January 19, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, Jan. 19, 2021 (GLOBE NEWSWIRE) — New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) (“New Leaf,” “NLV” or the “Company”), a management and investment organization dedicated to evaluating, investing and accelerating advanced stage operations in the North American Cannabis sector is pleased to announce its New Leaf USA venture with brand license operator New Leaf Enterprises reported overall incremental growth associated with unexpected upward market trends predicted to continue throughout 2021.Robert (Dax) Colwell, CEO of New Leaf USA & Director at New Leaf Ventures Inc. notes, “The onset of COVID-19 created a great deal of initial uncertainty which resulted in a lessening of momentum across the sector. Since 2020 was a transformative year for New Leaf with new sources of capital and governance combined...

Isracann Well Positioned for Israel’s Cannabis Sector Growth in 2021

Written by Customer Service on January 19, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, Jan. 19, 2021 (GLOBE NEWSWIRE) — Isracann Biosciences Inc. (CSE: IPOT) (XFRA: A2PT0E) (OTC: ISCNF) (the “Company” or “Isracann”) an Israel-based company focused on becoming a premier low cost, high quality cannabis producer is pleased to provide a year end summary of activities and outlook for 2021.There is a sense of relief that 2020 is now behind us. Over the course of the past year, the impact of COVID-19 has been felt around the globe and will undoubtedly continue to impact countless lives and entire economies for years to come. While many difficulties remain before us all, a guarded optimism is growing daily. The challenges that directly impacted our venture were principally logistical and operational in nature and affected most of the sector equally. Given the Israeli governments increasingly...

Day: January 19, 2021

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