Day: February 23, 2021

Sundial and Indiva Announce Closing of $22 Million Strategic Investment

CALGARY, Alberta and LONDON, Ontario, Feb. 23, 2021 (GLOBE NEWSWIRE) — Sundial Growers Inc. (“Sundial“) (NASDAQ: SNDL), a Canadian licensed producer of recreational cannabis and Indiva Limited (“Indiva”) (TSXV:NDVA) (OTCQX:NDVAF), a leading Canadian producer of cannabis edibles, are pleased to announce the closing of the previously announced $22,000,000 strategic investment (the “Investment”) into Indiva by Sundial.The Investment was completed by way of a brokered private placement (the “Placement“) led by ATB Capital Markets Inc. (“ATB” or the “Agent“) of 25,000,000 common shares of Indiva (the “Common Shares“) at a price of $0.44 per Common Share, raising gross proceeds of $11,000,000 (the “Equity Investment”), and a secured non-revolving term loan facility...

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Shattuck Labs Announces Participation in Upcoming March Investor Conferences

AUSTIN, TX and DURHAM, NC, Feb. 23, 2021 (GLOBE NEWSWIRE) — Shattuck Labs, Inc. (Shattuck) (NASDAQ: STTK), a clinical-stage biotechnology company pioneering the development of bi-functional fusion proteins as a new class of biologic medicine for the treatment of patients with cancer and autoimmune disease, today announced that Shattuck management will participate in two upcoming investor conferences.Presentation DetailsConference: Cowen 41st Annual Health Care ConferenceFormat: Ovarian Cancer Panel discussionPresenter: Taylor Schreiber, M.D., Ph.D., Shattuck’s Chief Executive OfficerDate: March 2, 2021Time: 12:50 p.m. ESTWebcast Link: The panel discussion will be available live to conference attendeesConference: Oppenheimer 31st Annual Healthcare ConferencePresenter: Andrew Neill, Shattuck’s Vice President of Finance and Corporate...

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GameSquare Esports Provides Update on Proposed Acquisition of Reciprocity

TORONTO, Feb. 23, 2021 (GLOBE NEWSWIRE) — GameSquare Esports Inc. (CSE: GSQ; FRA: 29Q1) (“GameSquare”, “GameSquare Esports” or the “Company”), an international esports company, is pleased to provide an update on its proposed acquisition of Reciprocity Corp. (“Reciprocity”), a privately held gaming and esports company (the “Transaction”). Please see the Company’s press releases dated January 4, 2021 and January 12, 2021 for more information about the Transaction, which are available under the Company’s profiles at www.sedar.com and www.theCSE.com.On January 25, 2021, a special meeting of Reciprocity’s securityholders was held to consider the Transaction (the “Reciprocity Meeting”). Holders of 28,029,503 Reciprocity shares, warrants and options, representing 100% of all votes cast, and 81.9% of Reciprocity’s outstanding shares, warrants...

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GCP Applied Technologies Announces Preliminary Results and Date Change for Q4 2020 Earnings Release

CAMBRIDGE, Mass., Feb. 23, 2021 (GLOBE NEWSWIRE) — GCP Applied Technologies Inc. (NYSE:GCP), a leading global provider of construction products technologies, announces today its preliminary results and that it has changed the date of its fourth quarter 2020 earnings release to March 4, 2021 at 6:00 am EST.The change is due to the need for additional time to finalize the financial statements. As part of the management transitions that occurred in 2020, GCP has reviewed its accounting procedures and at this time has identified material weaknesses within certain controls which require revisions to prior period financial statements. The Company does not expect this to have a material impact on the financial statements reported in prior periods. Any expected impacts from the revision are included in the preliminary financial results...

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Avadel Pharmaceuticals to Provide a Company Update and Report Fourth Quarter and Full Year 2020 Financial Results, on March 9th

DUBLIN, Ireland, Feb. 23, 2021 (GLOBE NEWSWIRE) — Avadel Pharmaceuticals plc (Nasdaq: AVDL), a company focused on developing FT218, an investigational, once-nightly formulation of sodium oxybate designed to treat excessive daytime sleepiness and cataplexy in patients with narcolepsy, announced today that it will host a conference call and live webcast at 8:30 a.m. ET on Tuesday, March 9, 2021, to provide a company update and discuss the Company’s financial results for the fourth quarter and full year ended December 31, 2020.To access the conference call, investors are invited to dial (877) 407-9716 (U.S. and Canada) or (201) 493-6779 (International). The conference ID number is 13716363. A live audio webcast can be accessed by visiting the investor relations section of the Company’s website, www.avadel.com. A replay of the...

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ION receives shareholder approval for bond restructuring transactions

HOUSTON , Feb. 23, 2021 (GLOBE NEWSWIRE) — ION Geophysical Corporation (NYSE: IO) today announced that, during a special meeting held earlier today, the Company’s shareholders voted to approve all three proposals submitted in its January 22nd Proxy. 98% of votes cast were in favor of the bond restructuring transactions, 96% were in favor of the associated increase to our available shares of common stock, and 79% were in favor of replenishing the Company’s long-term incentive plan. The Company remains on track to execute the bond restructuring transactions and associated rights offering in early April.“On behalf of ION, I would like to thank our shareholders for their important support of our proposals, enabling us to take a critical step closer to completing the bond restructuring transactions,” commented Chris Usher, ION’s President...

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Interpublic Prices Offering of $1.0 Billion Aggregate Principal Amount of Senior Notes

New York, Feb. 23, 2021 (GLOBE NEWSWIRE) —  Interpublic Group (NYSE: IPG) today announced that it has priced a registered public offering of $500 million aggregate principal amount of its 2.400% Senior Notes due 2031 (CUSIP Number 460690 BT6) and $500 million aggregate principal amount of its 3.375% Senior Notes due 2041 (CUSIP Number 460690 BS8) (collectively, the “Notes”). The offering of the Notes is expected to close on February 25, 2021, subject to customary closing conditions. The net proceeds are expected to be approximately $988 million after discounts, commissions and estimated offering expenses. The Company plans to use the net proceeds from the offering to retire certain of its outstanding indebtedness, which includes the redemption or repurchase of all or a portion of (i) the $250 million aggregate principal amount of...

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Berry Corporation (bry) Reports Fourth Quarter and Full-Year 2020 Results; Reinstates a Quarterly Dividend

DALLAS, Feb. 23, 2021 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today reported fourth quarter and full-year 2020 results. For the full year Berry’s net loss was $263 million, or $3.29 per diluted share, and Adjusted Net Income(1) was $45 million, or $0.56 per diluted share. For the fourth quarter the net loss was $64 million, or $0.80 per diluted share, and Adjusted Net Income(1) was $9 million, or $0.11 per diluted share. In addition, the Company’s Board of Directors approved a first quarter dividend of $0.04 per share.Highlights for the QuarterGenerated $33 million in Levered Free Cash Flow(1)Restarted development program with two rigs part time, drilling 22 wells, all California oilAdjusted EBITDA(1) of $54 million88% oil production mixCapital expenditures of $12 million with...

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Ryman Hospitality Properties, Inc. to Present at the 2021 Citi Virtual Global Property CEO Conference – Monday, March 8, 2021, at 10:30 A.M. ET

NASHVILLE, Tenn., Feb. 23, 2021 (GLOBE NEWSWIRE) — Ryman Hospitality Properties, Inc. (NYSE:RHP), a lodging real estate investment trust (“REIT”) specializing in group-oriented, destination hotel assets in urban and resort markets, today announced that it will present to investors attending the 2021 Citi Virtual Global Property CEO Conference on Monday, March 8 at 10:30 a.m. ET. Colin Reed, chairman and chief executive officer, will participate in a company roundtable presentation led by a Citi research analyst.The presentation will be webcast and can be accessed on Ryman Hospitality Properties’ website at http://rymanhp.com. To listen to the webcast, please visit the investor relations section of the website at least 15 minutes prior to the beginning of the scheduled presentation to register, download and install necessary...

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Kaseya Supercharges IT Complete Security Suite with the Acquisition of RocketCyber

RocketCyber’s managed security operations center (SOC) brings 24x7x365 cybersecurity to Kaseya IT Complete, strengthening the platformDALLAS and NEW YORK, Feb. 23, 2021 (GLOBE NEWSWIRE) — Kaseya®, the leading provider of IT and security management solutions for managed service providers (MSPs) and small to medium-sized businesses (SMBs), today announced the acquisition of RocketCyber. While many MDR (managed detection and response) and SOC (security operations center) solutions proliferate the market, few are purpose-built for the MSP and with the SMB cost-sensitive owner in mind. RocketCyber developed the industry’s only cloud-agent SOC that requires no hardware or specialized equipment, deploys in minutes and seamlessly integrates into a customer’s existing security and ticketing products, making it the ideal solution for the...

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