Day: April 21, 2021

Live Oak Bancshares, Inc. Reports First Quarter 2021 Results

Written by Customer Service on April 21, 2021. Posted in Earnings Releases And Operating Results.

WILMINGTON, N.C., April 21, 2021 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported first quarter 2021 net earnings available to common shareholders of $39.4 million, or $0.88 per diluted share. “Live Oak continued to serve America’s small businesses during the first quarter of 2021 and delivered strong results with $1.2 billion in loan and lease originations. The reopening of the Paycheck Protection Program allowed us to deliver just over $500 million in relief to small businesses during what is hopefully the end of this challenging period for our nation’s entrepreneurs,” said James S. Mahan, III, Chairman and Chief Executive Officer of Live Oak Bancshares. “Our net income grew to nearly $40 million for the quarter as our focus on providing solutions for small business owners...

Conifer Holdings Announces Preliminary 2021 First Quarter Financial Results; Provides Catastrophe Loss Estimate from Winter Storm Uri and Prior Year Reserve Strengthening

Written by Customer Service on April 21, 2021. Posted in Earnings Releases And Operating Results.

BIRMINGHAM, Mich., April 21, 2021 (GLOBE NEWSWIRE) — Conifer Holdings, Inc. (Nasdaq: CNFR) (“Conifer” or the “Company”) today announced that it incurred pre-tax losses of approximately $2.3 million, net of expected reinsurance recoveries, during the first quarter ending March 31, 2021, due to Winter Storm Uri. These estimates are based on management’s best estimates as of the date of this press release. Conifer also expects to report prior year reserve development, predominantly for 2019 and prior years and largely stemming from its quick service restaurant line in certain geographies, which have been deemphasized in the Company’s current overall business mix. The Company intends to strengthen its reserves for unpaid loss and loss adjustment expenses on prior accident years on a pre-tax basis by approximately $5.7 million for the...

Emclaire Financial Corp Reports Record First Quarter Earnings

Written by Customer Service on April 21, 2021. Posted in Earnings Releases And Operating Results.

EMLENTON, Pa., April 21, 2021 (GLOBE NEWSWIRE) — Emclaire Financial Corp (NASDAQ:EMCF), the parent holding company of The Farmers National Bank of Emlenton, reported consolidated net income available to common stockholders of $2.2 million, or $0.79 per diluted common share, for the three months ended March 31, 2021, an increase of $984,000, or 82.7%, from $1.2 million, or $0.44 per diluted common share, reported for the comparable period in 2020. The increase in net income for the three months ended March 31, 2021 compared to the same period in 2020 resulted from increases in net interest income and noninterest income and a decrease in the provision for loan losses, partially offset by increases in noninterest expense and the provision for income taxes. William C. Marsh, Chairman, President and Chief Executive Officer of the Corporation...

General Cannabis to Create Retail Footprint by Acquiring Trees Dispensaries

Written by Customer Service on April 21, 2021. Posted in Mergers And Acquisitions.

Once complete, the acquisition will add 2 retail locations in Colorado and 3 in Oregon, bring on a seasoned retail team, and create vertical integration in Colorado. Upon closing, consolidated revenue is expected to triple. The Company expects to be cash flow positive as all retail locations open and ramp. Total consideration for the transaction is $39.5 million, payable 13% in cash and 87% in stock. General Cannabis is expanding its convertible debt round to fund the cash required at the closing of the transaction. General Cannabis will change its corporate name to Trees.DENVER, April 21, 2021 (GLOBE NEWSWIRE) — General Cannabis Corp (OTCQB: CANN) today announced that it has entered into a definitive agreement to acquire Trees, a leading cannabis retail operator with dispensaries in Colorado and Oregon. The transaction, which...

AutoZone Announces Change to Executive Committee

Written by Customer Service on April 21, 2021. Posted in Public Companies.

MEMPHIS, Tenn., April 21, 2021 (GLOBE NEWSWIRE) — AutoZone, Inc. (NYSE: AZO), today announced that Michelle Borninkhof will join the Company as Senior Vice President and Chief Information Officer, Customer Satisfaction, replacing Ron Griffin who is retiring. Michelle will come to AutoZone from McDonald’s where she most recently served as Chief Information Officer and Vice President for U.S. Technology. Prior to joining McDonald’s, Michelle spent 11 years with Walmart Stores holding various leadership roles including Vice President, International Technology Delivery. Throughout her career, Michelle has held various roles in store retail, distribution center operations, and process improvement. Michelle will be a member of the Company’s Executive Committee and report to Bill Rhodes, Chairman, President and Chief Executive Officer,...

GoGold Announces C$25 Million Bought Deal Financing

Written by Customer Service on April 21, 2021. Posted in Public Companies.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. HALIFAX, Nova Scotia, April 21, 2021 (GLOBE NEWSWIRE) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold or the “Company”) has announced today that it has entered into an agreement with BMO Capital Markets as sole bookrunner along with a syndicate of underwriters including Sprott Capital Partners, PI Financial Corp., Eight Capital, Echelon Wealth Partners Inc., and Desjardins Securities Inc. (collectively the “Underwriters”), under which the Underwriters have agreed to buy on bought deal basis 10,000,000 common shares (the “Common Shares”), at a price of C$2.50 per Common Share for gross proceeds of approximately C$25 million (the “Offering”)....

Talend to Report First Quarter Fiscal Year 2021 Financial Results on May 5, 2021

Written by Customer Service on April 21, 2021. Posted in Public Companies.

REDWOOD CITY, Calif., April 21, 2021 (GLOBE NEWSWIRE) — Talend (NASDAQ:TLND), a global leader in cloud data integration and data integrity, announced today it will release its financial results for the first quarter ended March 31, 2021, after market close on May 5, 2021. The news release with the financial results will be accessible from the company’s investor relations website. The company will not host a conference call due to the planned acquisition by Thoma Bravo announced on March 10, 2021. About TalendTalend (NASDAQ: TLND), a leader in data integration and data integrity, is changing the way the world makes decisions. Talend Data Fabric is the only platform that brings together all the data integration and governance capabilities, to simplify every aspect of working with data. Talend delivers complete, clean, and uncompromised...

Plexus Announces Fiscal Second Quarter Financial Results

Written by Customer Service on April 21, 2021. Posted in Public Companies.

Fiscal second quarter 2021 revenue of $881 million GAAP diluted EPS of $1.42, including $0.07 of restructuring charges and $0.22 of stock-based compensation expense Initiates fiscal third quarter 2021 revenue guidance of $875 to $915 million with GAAP diluted EPS guidance of $1.23 to $1.38, excluding any unforeseen COVID-19 impactsNEENAH, WI, April 21, 2021 (GLOBE NEWSWIRE) — Plexus (NASDAQ: PLXS) today announced financial results for our fiscal second quarter ended April 3, 2021, and guidance for our fiscal third quarter ending July 3, 2021. Three Months Ended April 3, 2021 April 3, 2021 July 3, 2021 Q2F21 Results Q2F21 Guidance Q3F21 GuidanceSummary GAAP Items Revenue (in millions) $881 $860 to $900 $875 to $915Operating margin 5.8 % 5.0% to 5.5% 5.1% to 5.6%Diluted...

Sunrun Announces Nomination of Sonita Lontoh for Election to the Board of Directors

Written by Customer Service on April 21, 2021. Posted in Public Companies.

SAN FRANCISCO, April 21, 2021 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN), the nation’s leading home solar, battery storage, and energy services provider, today announced the nomination of Sonita Lontoh to stand for election to the company’s board of directors as a Class III director at the 2021 annual meeting of stockholders scheduled for June 3, 2021. If elected, Ms. Lontoh will serve for a three-year term until the 2024 annual meeting of stockholders. Ms. Lontoh is an accomplished leader with unique insight and foresight at the intersection of innovation, digital transformation, and customer experience. Over her more than two decades of extensive experience, she has led and advised on innovative, customer-centric programs that have delivered positive impacts to businesses, consumers, and society. Since April 2018, Ms. Lontoh has...

Isos Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Redeemable Warrants Commencing April 23, 2021

Written by Customer Service on April 21, 2021. Posted in Public Companies.

NEW YORK, NY, April 21, 2021 (GLOBE NEWSWIRE) — Isos Acquisition Corporation (NYSE: ISOS.U.) (the “Company”) today announced that, commencing April 23, 2021, holders of the units sold in the Company’s initial public offering of 25,483,700 units, may elect to separately trade the shares of the Company’s Class A ordinary shares and redeemable warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Class A ordinary shares and warrants that are separated will trade on the New York Stock Exchange under the symbols “ISOS” and “ISOS WS,” respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol “ISOS.U.” This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities...

Day: April 21, 2021

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