Day: April 19, 2021

Old National reports 1st quarter earnings of $86.8 million, or $0.52 per share

Written by Customer Service on April 19, 2021. Posted in Earnings Releases And Operating Results.

EVANSVILLE, Ind., April 19, 2021 (GLOBE NEWSWIRE) —Old National Bancorp (NASDAQ: ONB) reports 1Q21 net income of $86.8 million, diluted EPS of $0.52. Adjusted1net income of $86.4 million, or $0.52 per diluted share.CEO COMMENTARY:“Old National’s positive first quarter results were driven by record first-quarter commercial loan production, strong mortgage revenue and excellent credit quality,” said Chairman and CEO Jim Ryan. “We also continue to work with our small business and non-profit clients who are affected by the pandemic to help them gain access to Paycheck Protection Program funds and also to complete the loan forgiveness process.”FIRST QUARTER HIGHLIGHTS2:Net incomeNet income of $86.8 millionEarnings per diluted share of $0.52 Net interestincome/NIMNet...

Oncocyte Enters the Rapidly Growing Immune Therapy Monitoring Market with the Closing of the Acquisition of Chronix Biomedical, Inc.

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

Oncocyte gains proprietary capabilities for immune therapy monitoring and transplant rejection testing, both from a standard blood sample Oncocyte’s technologies may provide more precision to the selection of appropriate immune therapies and monitoring for treatment response in real time allowing physicians to personalize treatment more effectively Establishes a European beachhead to launch Oncocyte’s full suite of tests IRVINE, Calif., April 19, 2021 (GLOBE NEWSWIRE) — Oncocyte Corporation (NASDAQ: OCX), a molecular diagnostics company with a mission to provide actionable answers at critical decision points across the cancer care continuum, has completed its acquisition of Chronix Biomedical, a privately held molecular diagnostics company developing blood tests for use in cancer treatment and organ transplants. The acquisition...

Funds advised by EMH Partners acquire 65% stake in cleverbridge AG

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

COLOGNE, Germany and CHICAGO and MUNICH, Germany, April 19, 2021 (GLOBE NEWSWIRE) — Funds advised by EMH Partners, based in Munich, have agreed to acquire 65% of the shares of cleverbridge AG. EMH and cleverbridge have agreed that EMH will acquire the majority shareholding in cleverbridge AG alongside the management team and founders. cleverbridge was founded in 2005 and is a leading, fast growing global provider of subscription billing and management services focused on digital goods, primarily software. With headquarters in Cologne, Germany and Chicago, USA, and offices in Tokyo, and Taipei, cleverbridge enables its clients to grow effortlessly on a global scale, serving more than 190 countries. “EMH Partners is the perfect partner for us as we accelerate our growth trajectory,” says Craig Vodnik, CEO and Co-Founder of cleverbridge....

Marlin Business Services Corp. Enters Into Definitive Agreement To Be Acquired by Funds Managed By HPS Investment Partners LLC

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

Marlin Shareholders to Receive $23.50 per share in Cash Transaction Marlin to Become a Privately Held Company Upon Completion of Transaction MOUNT LAUREL, N.J., April 19, 2021 (GLOBE NEWSWIRE) — Marlin Business Services Corp. (NASDAQ: MRLN), a nationwide provider of capital solutions to small businesses (“Marlin” or the “Company”), today announced that it has entered into a definitive agreement in which HPS Investment Partners LLC (“HPS”) will, through its European Asset Value Funds, acquire all of the Company’s outstanding shares of common stock in an all cash transaction for $23.50 per share, as potentially subject to downward adjustment discussed below, which represents a 65% premium over the closing price of Marlin’s common stock of $14.24 on April 16, 2021. HPS is a leading global investment firm with $68 billion of assets...

Bank of Marin Bancorp and American River Bankshares Announce The Signing of a Merger Agreement

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

NOVATO, Calif. and SACRAMENTO, Calif., April 19, 2021 (GLOBE NEWSWIRE) — Bank of Marin Bancorp, “BMRC” (Nasdaq: BMRC), parent company of Bank of Marin, “the Bank,” and American River Bankshares “AMRB” (Nasdaq: AMRB), parent company of American River Bank, today announced the signing of a merger agreement. American River Bankshares has ten branches across the Greater Sacramento, Amador and Sonoma County regions, assets of $916.1 million, total deposits of $788.6 million, and total loans of $475.4 million as of March 31, 2021. “This merger brings together two exceptional institutions that share complementary values and disciplined fundamentals,” said Russell A. Colombo, President and Chief Executive Officer of Bank of Marin Bancorp and Bank of Marin. “Bank of Marin will be able to expand its franchise by delivering the...

FTC Solar Announces Launch of Initial Public Offering

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

AUSTIN, Texas, April 19, 2021 (GLOBE NEWSWIRE) — FTC Solar, Inc. (“FTC”) today announced that it has launched the roadshow for its initial public offering of shares of its common stock. FTC is offering 18,421,053 shares of its common stock. The initial public offering price is expected to be between $18 and $20 per share, before underwriting discounts and commissions. In addition, FTC expects to grant the underwriters a 30-day option to purchase up to an additional 2,763,157 shares of common stock at the initial public offering price, less underwriting discounts and commissions. FTC has applied to list its common stock on the Nasdaq Global Market under the symbol “FTCI.” FTC intends to use the net proceeds that it receives from this offering for general corporate purposes, with a portion of the net proceeds used to purchase shares...

DMG Blockchain Solutions Purchases 3,600 Additional ASIC Miners

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

VANCOUVER, British Columbia, April 19, 2021 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTCQB US) (FRANKFURT:6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, today announces the purchase of 3,600 bitcoin ASIC miners, which is an additional approximate 360 PH/s, increasing DMG’s total hashrate to well over 500 PH/s. DMG is regularly evaluating and negotiating with leading Bitcoin mining equipment manufacturers for further purchase orders in accordance with its immersion retrofitting schedule, which facilitates additional purchases, as appropriate, to continue to meet the Company‘s 2021 hashrate targets. Delivery of these miners is expected to begin in August 2021 and continue for the next 12 months. “DMG continues to focus on leading development of...

Blockchain Foundry Expands Leadership Team with Key Management Hires

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

TORONTO, April 19, 2021 (GLOBE NEWSWIRE) — Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to announce that it has expanded its leadership team with two key management hires who joined the Company today. Fulvio Ciano is joining the Company as Director of Software Development Consulting & Delivery and will be responsible for all aspects of BCF’s consulting practice and associated software delivery. Mr. Ciano is a seasoned software executive with decades of experience managing delivery teams. Peter Jubb is joining the Company as Executive Creative Director and will be responsible for all aspects of BCF’s product design, branding, and creative content. Mr. Jubb has over 20 years’ experience as a creative director and information architect and brings...

Ultra-low Temperature Freezer Market: Eppendorf AG to Acquire Koki’s Centrifuge Business to Strengthen its Position, reports Fortune Business Insights™

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

Pune, India, April 19, 2021 (GLOBE NEWSWIRE) — The global ultra-low temperature freezer market is set to gain impetus from the increasing support of the government to conduct advanced research in the field of life science. This information is published by Fortune Business Insights™ in a new report, titled, “Ultra-Low Temperature Freezer Market Size, Share & COVID-19 Impact Analysis, By Type (Chest and Upright), By Capacity (Less than 300 Liters, 301-500 Liters, 501-700 Liters, 701-900 Liters and More than 900 Liters), By Application (Bio Banks & Hospitals, Academic & Research Laboratories and Others) and Regional Forecast, 2020-2027.” The report further states that the ultra-low temperature freezer market size was USD 547.0 million in 2019 and is projected to reach USD 783.1 million by 2027, exhibiting a CAGR of 4.6%...

Armored Vehicle Market to Worth USD 26.12 Billion by 2026; Rising R&D Investments by Key Players to Create Growth Opportunities, states Fortune Business Insights™

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

Pune, India, April 19, 2021 (GLOBE NEWSWIRE) — The global armored vehicle market size is predicted to reach USD 26.12 billion by 2026, exhibiting a CAGR of 5.36% during the forecast period. According to a report, published by Fortune Business Insights, the market size stood at USD 17.18 billion in 2018. The armored vehicle market is predicted to reach USD 26.12 billion by 2026, exhibiting a CAGR of 5.36% during the forecast period. The rising adoption of active protection systems can contribute positively to the growth of the market during the forecast period. APS consist of launchers, tracking radar, sensors, and countermeasure munitions, which assist during combat and survivability of the armored vehicle. Moreover, the introduction of armored vehicles with the integration of APS will promote the armored vehicle market trends in...

Day: April 19, 2021

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