Day: January 22, 2021

WINCHESTER, Va., Jan. 22, 2021 (GLOBE NEWSWIRE) — Now, more than ever, outdoor living is in! While homeowners have increasingly invested time and money into their yards in recent years, 2020 saw interest in outdoor living spike to unprecedented levels as homeowners everywhere adjusted to a new normal by reimagining how to use and enjoy their exterior spaces. As a result, the outdoor living design trends for 2021 have never been more inventive.“The COVID-19 pandemic has prioritized how we view and use our homes,” said Leslie Adkins, vice president of marketing for Trex Company, the world’s largest manufacturer of wood-alternative decking and railing and a leader in high-performance, low-maintenance outdoor living products. “With people spending more time at home, outdoor space has never been more important. It’s where we start our...

MCLEAN, Va., Jan. 22, 2021 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms. The company expects to issue approximately $1.2 billion in K Certificates (K-123 Certificates), which are expected to settle on or about January 28, 2021.K-123 PricingDetailsCo-Lead Managers and Joint Bookrunners: Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc.Co-Managers: Bancroft Capital, LLC, Goldman, Sachs and Co. LLC, J.P. Morgan Securities LLC and NatAlliance Securities, LLCRating Agencies: Fitch Ratings, Inc. and DBRS, Inc.Related LinksThe K-123 Preliminary Offering Circular Supplement: http://www.freddiemac.com/mbs/data/k123oc.pdf...

BUENA, N.J., Jan. 22, 2021 (GLOBE NEWSWIRE) — Teligent, Inc. (NASDAQ: TLGT) (“Teligent” or the “Company”), a New Jersey-based specialty generic pharmaceutical company, previously received notice from The Nasdaq Stock Market (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company not having timely filed its Quarterly Report on Form 10-Q for the three months ended September 30, 2020 (the “Form 10-Q”) with the Securities and Exchange Commission. Upon filing of the Form 10-Q on December 31, 2020, the Company regained compliance with Nasdaq Listing Rule 5250(c)(1) and this matter is now closed.In addition, on July 28, 2020, the Company received notice from Nasdaq stating that the Company was not in compliance with Nasdaq Listing Rule 5450(b)(2)(C) because the Company failed...

Lake Forest, Calif, Jan. 22, 2021 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ: TBLT; TBLTW) today announced that on January 21, 2021, the Company received a 180-day extension from Nasdaq’s Listing Qualification Department to meet Nasdaq’s continuing listing requirements by maintaining a minimum bid price per share of $1.00 for a minimum of 10 consecutive trading days. The Company now has until July 19, 2021 to meet Nasdaq’s minimum bid requirement.The Company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A) on July 24, 2020 and was given until January 20, 2021 to regain compliance.“We are pleased to have received an extension,” said Michael Panosian, Chief...

SACRAMENTO, Calif., Jan. 22, 2021 (GLOBE NEWSWIRE) — Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.764 billion asset bank holding company and parent company of Merchants Bank of Commerce (the “Bank”), today announced financial results for the quarter and year ended December 31, 2020. Net income for the quarter ended December 31, 2020 was $5.1 million or $0.30 per share – diluted, compared with net income of $4.4 million or $0.24 per share – diluted for the same period of 2019. Net income for the year ended December 31, 2020 was $14.2 million or $0.83 per share – diluted, compared with net income of $15.0 million or $0.83 per share – diluted for the same period of 2019.Significant Items for the fourth quarter of 2020:COVID-19 loan deferrals outstanding declined to $9.5 million at December 31, 2020 as borrowers resumed...

LIMASSOL, Cyprus, Jan. 22, 2021 (GLOBE NEWSWIRE) — Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces the closing, through two of its ship-owning subsidiaries, of a $15.3 million senior term loan facility with a reputable European financial institution (“the $15.3 Million Financing”), secured by two of its vessels. The loan is expected to be drawn down before the end of this month. The Company intends to use the net proceeds from the $15.3 Million Financing to support the Company’s growth plans.The $15.3 Million Financing will have a tenor of four years from the drawdown date and will bear interest at 3.30% plus LIBOR per annum.Petros Panagiotidis, Chief Executive Officer of Castor, commented:“We are very pleased that this financing...

AUSTIN, Texas, Jan. 22, 2021 (GLOBE NEWSWIRE) — Phunware, Inc. (NASDAQ: PHUN) (“Phunware” or “the Company”) a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, will be presenting at the Proactive Investors One2One Investor Forum, which is being held virtually on January 26, 2021.Phunware COO Randall Crowder is scheduled to present on Tuesday, January 26 at 1:00 p.m. Eastern time. The presentation will be webcast live here and available for replay here.To receive additional information, please contact Phunware’s IR team at PHUN@gatewayir.com.   About Phunware, Inc.Everything You Need to Succeed on Mobile — Transforming Digital Human Experience Phunware, Inc. (NASDAQ: PHUN), is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated...

BOSTON, Jan. 22, 2021 (GLOBE NEWSWIRE) — Albireo Pharma, Inc. (Nasdaq: ALBO), a clinical-stage rare liver disease company developing novel bile acid modulators, today joins the Alagille community in commemorating the second annual International Alagille Syndrome Awareness Day on January 24, 2021 in honor of Dr. Daniel Alagille’s birthday. Alagille syndrome (ALGS) is a rare genetic disorder that can affect the liver, heart and other parts of the body. Albireo leaders reaffirm the Company’s commitment to advancing life-changing research and join the community in bringing greater awareness to patients and families affected by this rare and devastating disorder.“Connecting with families who manage Alagille syndrome and hearing firsthand the burdens associated with the disease reaffirms our mission at Albireo, which is to provide...

WARSAW, Ind., Jan. 22, 2021 (GLOBE NEWSWIRE) — OrthoPediatrics Corp. (“OrthoPediatrics”) (NASDAQ: KIDS), a company exclusively focused on advancing the field of pediatric orthopedics, continues to expand their product offering in Australia and New Zealand. Within the past 12 months we have launched the Pediatric Nailing Platform (PNP), Response 4.5/5.0 Spine System and most recently, the Orthex system.Orthex is an external fixation and hexapod system consisting of ring, struts, implants, hardware accessories, and novel Point & Click Software for deformity correction in both the upper and lower extremities. Orthex’s telescoping struts provide greater range, fewer strut changes, reduced inventory requirements and greater precision, while eliminating frame vibration. The patented Orthex Point & Click software is a user-friendly...

MONTREAL, Jan. 22, 2021 (GLOBE NEWSWIRE) — Imperial Mining Group Ltd. (“Imperialˮ or the “Corporation”) (TSX VENTURE: IPG) is pleased to announce that it has closed a non-brokered private placement (the “Offering”) of 3,333,333 units (each, a “Unit”) at a price of $0.15 per Unit. Each Unit is comprised of one (1) common share (each a “Share”) and half (1/2) of a Share purchase warrant, with each warrant entitling the holder to acquire one (1) additional Share of the Corporation at a price of $0.25 over a period of 24 months from the closing date.The Corporation was able to raise a total of $500,000 in the Offering.The Corporation will use the proceeds of the Offering to complete definition drilling of the Corporation’s Crater Lake TG Zone scandium-rare earth target, expand the metallurgical test work for the project, collect a bulk...