Day: May 6, 2021

Nuvei to Acquire Simplex, a Payment Solution Provider to the Cryptocurrency Industry

Written by Customer Service on May 6, 2021. Posted in Mergers And Acquisitions.

(All amounts in U.S. dollars) MONTREAL, May 06, 2021 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has entered into a definitive agreement to acquire SimplexCC Ltd. (“Simplex”), a fintech startup providing the fiat infrastructure to the cryptocurrency industry, for approximately $250 million to be paid in cash. The transaction is subject to customary closing conditions, including regulator approval, and is expected to close in the second half of 2021. Founded in 2014, Simplex has grown into a leading fiat-cryptocurrency gateway connecting market participants including exchanges, brokers, wallet and liquidity providers. Simplex delivers the infrastructure for users to buy or sell cryptocurrencies (i.e. on-ramp/off-ramp...

Martinrea International Inc. Reports First-Quarter Results, Provides Long-Term Outlook, and Declares Dividend

Written by Customer Service on May 6, 2021. Posted in Dividend Reports And Estimates.

TORONTO, May 06, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the first quarter ended March 31, 2021 and that it has declared a quarterly cash dividend of $0.05 per share. HIGHLIGHTSTotal sales of $997.2 million, up 14.3% year-over-year; production sales of $924.1 million First quarter diluted net earnings per share of $0.48 First quarter Adjusted Net Earnings per Share(1) of $0.41 Balance sheet continues to be strong; Banking facility renewed New business awards of approximately $130 million in annualized sales at mature volumes First quarter results impacted by the global...

Churchill Downs Incorporated Names Katherine Armstrong VP of Culture

Written by Customer Service on May 6, 2021. Posted in Public Companies.

Katherine ArmstrongVice President of Culture, Churchill Downs, IncorporatedLOUISVILLE, Ky., May 06, 2021 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that Katherine Armstrong has been hired as Vice President of Culture (Diversity, Equity and Inclusion) for the Company. The new role will report directly to Bill Carstanjen, Chief Executive Officer of CDI. As the Vice President of Culture, Armstrong will be part of the senior leadership team of CDI and will lead the Company’s efforts to expand its strategic vision as part of the Company’s core mission and values to systemically advance a culture of diversity, equity and inclusion. Armstrong will develop and drive diversity initiatives and create opportunities to share best practices across the business segments. “Katherine...

Oportun Reports First Quarter 2021 Financial Results

Written by Customer Service on May 6, 2021. Posted in Public Companies.

GAAP Diluted EPS of $0.10 and Adjusted EPS of $0.41 Driven By Solid Credit Performance SAN CARLOS, Calif., May 06, 2021 (GLOBE NEWSWIRE) — Oportun Financial Corporation (Nasdaq: OPRT) (“Oportun” and the “Company”) today reported financial results for the first quarter ended March 31, 2021. “In the first quarter, we delivered strong operating results and profitability, maintained a solid credit profile, and advanced all of our 2021 strategic objectives,” said Raul Vazquez, CEO of Oportun. “Our credit performance demonstrated the efficacy of our A.I.-driven models and reflected the favorable economic environment and stimulus impact, while operationally, we continued to provide our customers with best-in-class service. I’m proud of what we have achieved, and our first quarter results give us confidence...

F-star Therapeutics, Inc. Announces Proposed Public Offering of Common Stock

Written by Customer Service on May 6, 2021. Posted in Public Companies.

CAMBRIDGE, United Kingdom and CAMBRIDGE, Mass., May 06, 2021 (GLOBE NEWSWIRE) — F-star Therapeutics, Inc. (Nasdaq: FSTX) (the “Company” or “F-star”), a clinical-stage biopharmaceutical company dedicated to developing next generation immunotherapies to transform the lives of patients with cancer, today announced that it has commenced an underwritten public offering of its common stock. F-star also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the aggregate number of shares of common stock offered in the public offering on the same terms and conditions. All of the shares of common stock in the offering are to be sold by F-star. F-star intends to use the net proceeds from the offering, together with its existing cash and cash equivalents, for working capital and general corporate purposes,...

Potbelly Corporation Reports Results for First Fiscal Quarter 2021

Written by Customer Service on May 6, 2021. Posted in Public Companies.

Sales momentum accelerated throughout the first quarter due to benefits of the Company’s strategic initiatives, operational improvements, and ongoing recovery in the macro-economic environment Shop-level profitability achieved ahead of expectations Company continues to position itself for a strong second half and reiterates its path to enterprise profitability during 2021 CHICAGO, May 06, 2021 (GLOBE NEWSWIRE) — Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop concept, today reported financial results for the first fiscal quarter ended March 28, 2021. First Quarter Strategic Successes:Same-store sales trends continued to show sequential improvement, ending the first quarter at (3.1%), compared to (19.7%) in the fourth quarter of 2020, with notable strong performance in the final weeks of the quarter. Continued...

Angi Inc. Earnings Release Available on Company’s Website

Written by Customer Service on May 6, 2021. Posted in Public Companies.

DENVER, May 06, 2021 (GLOBE NEWSWIRE) — Angi Inc. (NASDAQ: ANGI) posted its first quarter financial results on the investor relations section of its website at ir.angi.com/quarterly-earnings. As announced previously, the company and IAC will live stream a joint video conference to discuss both companies’ respective first quarter results and to answer questions. The live stream will be held on Friday, May 7, 2021 at 8:30 a.m. EDT. Participating in the video conference will be Joey Levin, Chairman of Angi Inc. and CEO of IAC; Oisin Hanrahan, CEO of Angi Inc. and Glenn H. Schiffman, Executive Vice President and CFO of IAC and interim CFO of Angi Inc. The live stream and replay of the video will be open to the public at https://interactivecorp.zoom.us/webinar/register/WN_KlmV924FTka85K2nLgmnZg About Angi Inc. Angi is your home for...

Aldebaran Files NI 43-101 Technical Report on SEDAR for Altar Mineral Resource Estimate

Written by Customer Service on May 6, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) — Aldebaran Resources Inc. (“Aldebaran” or the “Company”, ALDE TSX.V) is pleased to announce the filing on SEDAR of an updated National Instrument 43-101 Mineral Resource Estimate (the “Altar Resource Estimate”) on the Altar copper-gold project located in San Juan province, Argentina (see news release dated March 22, 2021). The Altar Resource Estimate has an effective date of March 22, 2021 and was completed by Independent Mining Consultants (IMC) out of Tucson, Arizona at the request of Aldebaran. The report titled, “Technical Report, Estimated Mineral Resources, Altar Project, San Juan Province, Argentina” has been filed on the SEDAR website at www.sedar.com and will be posted on the Company’s website at www.aldebaranesources.com. For...

Bespoke Capital Announces Effectiveness of S-4 Registration Statement and Targeted Closing Date

Written by Customer Service on May 6, 2021. Posted in Public Companies.

U.S. S-4 registration statement declared effective by SEC Closing expected on or about June 7 Extension to July 31, 2021 approved at special meeting Special meeting adjourned to May 28, 2021 to approve the domestication and business combination TORONTO and SANTA ROSA, Calif., May 06, 2021 (GLOBE NEWSWIRE) — Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) (TSX: BC.U) (TSX: BC.WT.U) announced today that the SEC has declared its S-4 registration statement effective and the parties are proceeding to complete BCAC’s domestication to Nevada and the proposed business combination with Vintage Wine Estates (“VWE”), one of the fastest growing U.S. wine producers with an industry leading direct-to-customer platform. Closing of BCAC’s business combination with VWE is expected to occur on or about June 7, 2021, and trading in the combined...

Westport Fuel Systems Reports First Quarter 2021 Financial Results

Written by Customer Service on May 6, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“WFS”) (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the first quarter ended March 31, 2021 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. FIRST QUARTER 2021 HIGHLIGHTSRevenues of $76.4 million, up 14% compared to the same period in 2020 due to increased sales volumes in WFS’ light-duty and heavy-duty Original Equipment Manufacturing (“OEM“) businessesNet loss of $3.1 million and net loss per share of $0.02 were impacted by supply chain-related production issues at WFS’ initial High Pressure Direct Injection (“HPDI“)™ launch partner, one-time severance costs and an unrealized foreign exchange lossAdjusted earnings before interest, taxes,...

Day: May 6, 2021

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