Bioventus Acquires Bioness, Inc.

Written by Customer Service on March 30, 2021. Posted in Public Companies.

DURHAM, N.C., March 30, 2021 (GLOBE NEWSWIRE) — Bioventus Inc. (Nasdaq: BVS) (“Bioventus” or the “Company”), a global leader in innovations for active healing, has acquired Bioness, Inc. (“Bioness”), a global leader in neuromodulation and rehabilitation medical devices through its innovative peripheral nerve stimulation (“PNS”) therapy and premium rehabilitation solutions, for $45 million in up-front consideration, with up to $65 million of contingent consideration related to the achievement of certain key milestones. The acquisition includes the entire portfolio of Bioness products as well as its research and development pipeline. Under the merger agreement, Bioness has become a wholly-owned subsidiary of Bioventus, and all Bioness employees have become employees of Bioventus. The up-front consideration is being funded exclusively...

Power Solutions International Announces Fourth Quarter and Full Year 2020 Financial Results

Written by Customer Service on March 30, 2021. Posted in Public Companies.

WOOD DALE, Ill., March 30, 2021 (GLOBE NEWSWIRE) — Power Solutions International, Inc. (“the Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced fourth quarter and full year 2020 financial results. Fourth Quarter 2020 Financial ResultsThe COVID-19 pandemic has resulted in the implementation of significant governmental measures to control the spread of the virus, including quarantines, travel restrictions, business shutdowns and restrictions on the movement of people in the United States and abroad, and the related decline in oil demand. The Company has experienced an overall reduction in demand for its products which is, in part, attributable to the impact of the COVID-19 pandemic. This reduction in demand has adversely impacted the Company’s...

Euro Manganese Announces Closing of First Tranche of Private Placement, First EIT InnoEnergy Investment, Extension of Czech Tax Incentive Timeline, and Stock Option Grants

Written by Customer Service on March 30, 2021. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Highlights Euro Manganese has closed the first tranche of its recent private placement for gross proceeds of AUD$25 million (approx. CAD$24.2 million). The second tranche to close in early May 2021. The Company has received an initial investment from EIT InnoEnergy of €62,500 (approx. CAD$92,850), the first of three installments with an aggregate value of €250,000. The Company’s eligibility timeline for approx. CAD$27 million in investment incentives in the form of tax credits that were granted by the Czech Republic’s Ministry of Industry and Trade has been extended to 2025. The Company has granted stock options to purchase 2,350,000 shares at CAD$0.61per share. VANCOUVER, British Columbia, March 30, 2021 (GLOBE NEWSWIRE) — Euro...

Safe Bulkers, Inc. Announces Filing of 2020 Annual Report on Form 20-F

Written by Customer Service on March 30, 2021. Posted in Public Companies.

MONACO, March 30, 2021 (GLOBE NEWSWIRE) — Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced that it has filed its 2020 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (the “SEC”). The 2020 Annual Report on Form 20-F is available by link through the Company’s website, www.safebulkers.com, under Investor Relations > SEC Filings. Alternatively, shareholders may also receive a hard copy of the 2020 Annual Report on Form 20-F, free of charge, by request to Capital Link, using the contact details provided at the end of this press release. About Safe Bulkers, Inc. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping...

Scorpio Tankers Inc. Announces Closing of $138.2 Million Convertible Note Exchange and New Issuance

Written by Customer Service on March 30, 2021. Posted in Public Companies.

MONACO, March 30, 2021 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has closed its previously announced private exchange offer (the “Exchange Offer”), pursuant to which certain holders of the Company’s 3.00% Convertible Senior Notes due 2022 (the “Existing Notes”) exchanged $62.1 million in aggregate principal amount of such Existing Notes for $62.1 million in aggregate principal amount of the Company’s 3.00% Convertible Senior Notes due 2025 (the “Exchange Notes”). In addition, the Company has closed separate, privately negotiated, agreements with certain investors for the sale (the “Sale”) of $76.1 million in aggregate principal amount of the new 3.00% Convertible Senior Notes due 2025 (the “Purchased Notes” at 100% of par, plus accrued interest from November...

Deans Knight Income Corporation Releases Annual Financial Statements, Management Report of Fund Performance for the year ended December 31, 2020

Written by Customer Service on March 30, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, March 30, 2021 (GLOBE NEWSWIRE) — Deans Knight Income Corporation (the “Company”) is pleased to release its annual management report of fund performance and audited financial statements for the period ended December 31, 2020. These documents, together with the Company’s annual information form and the report of the Company’s independent review committee for the year ending December 31, 2020 can be found under the Company’s SEDAR profile at www.sedar.com or on the Company’s website at www.dkincomecorp.com. For further information contact: Dillon Cameron Kelsey Dunwoodie Chief Executive Officer and Director Chief Financial Officer Deans Knight Income Corporation Deans Knight Income Corporation (604)669-0212 (604)669-0212

CVR Energy Files Definitive Proxy Statement Relating to Delek US Holdings’ Annual Meeting

Written by Customer Service on March 30, 2021. Posted in Public Companies.

SUGAR LAND, Texas, March 30, 2021 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) today announced that it and its affiliates (“CVR”) filed their definitive proxy statement in connection with the Annual Meeting of Stockholders of Delek US Holdings, Inc. (“Delek”), which is scheduled to take place on May 6, 2021, at 1:00 p.m., central daylight savings time, and will be held virtually. All stockholders of record of Delek at the close of business on March 18, 2021 are entitled to vote at the Annual Meeting. CVR Energy, Inc. is the largest stockholder of Delek, with ownership of approximately 14.8% of Delek’s outstanding common shares. CVR has nominated 3 candidates – Randall D. Balhorn, George J. Damiris and Robert Edward Kent, Jr. – for election to Delek’s board. CVR believes that change in Delek’s board composition is necessary and...

ProPhase Labs Acquires Digital Covid Vaccination and Testing “Passport” Solution

Written by Customer Service on March 30, 2021. Posted in Public Companies.

New Reporting App Simplifies Documentation of User Vaccination and Covid Testing Statue – Easily Enables Clear Access to Air/Rail/Bus Travel, Concert & Sporting Events GARDEN CITY, NY, March 30, 2021 (GLOBE NEWSWIRE) — ProPhase Labs, Inc. (NASDAQ: PRPH), a diversified medical science and technology company, announced today that it has acquired the “VaccTrack” suite of digital solutions that can provide secure and reliable certification of a user’s vaccination and Covid testing results. A digital vaccination certificate, or “passport” is based on a mobile app that confirms that a user has been vaccinated against Covid-19, or, if the user has been tested for Covid-19, can confirm the test results. Reliably demonstrating that a user has been vaccinated or has tested negative for the virus is expected to be widely adopted as a...

MCI Onehealth Announces Solid Finish to Fiscal 2020 with Positive Adjusted EBITDA in Q4-2020

Written by Customer Service on March 30, 2021. Posted in Public Companies.

MCI achieved stronger than expected revenue and Adjusted EBITDA in Q4-2020 led by the 700%+ growth from corporate customers and adoption of telehealth Corporate customer revenues more than tripled from 3% to 11% year-on-year MCI quarterly revenues of $11.0 million in Q4-2020 have recovered to within 10% of their prior peak from the COVID lows in Q2-2020 Use of telehealth and virtual technologies was instrumental to driving the recovery in MCI’s government insured health services and generated over $10 million in revenue in 2020 from virtually no revenue in 2019 and now represents over 50% of visits Net proceeds of approximately $26.7 million from the recently completed Initial Public Offering (IPO) underpin MCI’s transformation to a high growth, high margin technology enabled health services company MCI’s pipeline of acquisitions, investments...

Ayr Wellness Closes Acquisition for Parma Wellness Center, LLC Management

Written by Customer Service on March 30, 2021. Posted in Mergers And Acquisitions.

TORONTO, Ontario, March 30, 2021 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr,” “Ayr Wellness,” “we,” “us,” “our,” or the “Company”), a vertically-integrated cannabis multi-state operator (MSO), today announced it has closed on the purchase of 100% of the membership interests of the management company of Parma Wellness Center, LLC (Ohio) and associated real estate. Total purchase consideration of US$17 million in cash will be allocated as $13 million for the management company interests and $4 million for real estate. The Company expects to spend $20 million in capital expenditures to complete construction of the facility and anticipates it will be operational in the first quarter of 2022. Parma holds a provisional level 1 medical marijuana cultivator license in Ohio, with initial construction plans for...

Day: March 30, 2021

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