Month: May 2021

CAMBRIDGE, Mass., May 13, 2021 (GLOBE NEWSWIRE) — Praxis Precision Medicines, Inc. (NASDAQ: PRAX), a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system disorders (CNS) characterized by neuronal imbalance, today announced that it has priced an underwritten public offering of 5,000,000 shares of its common stock at a public offering price of $18.25 per share. The gross proceeds to Praxis from the offering are expected to be approximately $91.25 million, before deducting the underwriting discounts and commissions and other offering expenses. Praxis has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of its common stock. All shares in the offering are to be sold by Praxis. The offering is expected to close on or about...

TORONTO and MONTREAL, May 13, 2021 (GLOBE NEWSWIRE) — Nexus Real Estate Investment Trust (the “REIT”) (TSX: NXR.UN) announced today that it has waived conditions to acquire $44.8MM of industrial properties that it had previously announced entering into conditional contracts to acquire. The REIT has completed due diligence and waived conditions to acquire 3 single-tenant industrial properties under 3 separate purchase and sale agreements. The properties are located in Red Deer, Alberta, St. Thomas, Ontario, and Windsor, Ontario, have gross leasable areas of approximately 155,000 square feet, 130,000 square feet and 120,000 square feet, respectively, and are being acquired for a weighted average capitalization rate of 6.7%. The acquisitions are anticipated to be financed with a combination of cash on hand and proceeds...

TORONTO and MONTREAL, May 13, 2021 (GLOBE NEWSWIRE) — Nexus Real Estate Investment Trust (the “REIT”) (TSX: NXR.UN) announced today its results for the quarter ended March 31, 2021. HighlightsOccupancy of 94% at March 31, 2021 increased from 93% at December 31, 2020 and remained consistent as compared to Q1 2020. Rent collections continue to be strong despite the challenges of COVID-19. Graduated to the Toronto Stock Exchange on February 1, 2021, with a 1 for 4 consolidation of outstanding units. Comparative figures have been restated to reflect the consolidation. Completed a $14MM acquisition of two industrial properties in Edmonton, Alberta on March 1, 2021. Closed a $34.9MM bought deal equity offering on March 4, 2021 with 4,255,000 REIT Units issued (the “Offering”), including 555,000 units issued as part of a...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, May 13, 2021 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its first quarter results today. Mike Maguire, Chief Executive Officer commented: “We navigated the difficult past twelve months with a keen focus on safe and effective operations and maintaining our reputation for superior quality service. High Arctic is emerging from the global crisis with a strong balance sheet and is positioned well to ride the improved market conditions in 2021. With oil and gas prices having sustained a return to pre-pandemic levels, our customer base is considering opportunities to expand...

MELVILLE, N.Y., May 13, 2021 (GLOBE NEWSWIRE) — Data Storage Corporation (OTC: DTST) (“DSC” and the “Company”), a provider of diverse business continuity, disaster recovery protection, and cloud infrastructure solutions and services, today announced the pricing of its upsized underwritten public offering of 1,600,000 units at a price to the public of $6.75 per unit. Each unit to be issued in the offering consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $7.425. The common stock and warrants are immediately separable and will be issued separately. The common stock and warrants are expected to begin trading on the Nasdaq Capital Market, on May 14, 2021, under the symbols “DTST” and “DTSTW,” respectively. DSC expects to receive gross proceeds of $10.8 million, before...

NEW YORK, May 13, 2021 (GLOBE NEWSWIRE) — VORNADO REALTY TRUST (NYSE: VNO) today announced that Vornado Realty L.P., the operating partnership through which Vornado Realty Trust conducts its business, has priced an offering of $400 million aggregate principal amount of 2.15% senior unsecured notes due June 1, 2026 and $350 million aggregate principal amount of 3.40% senior unsecured notes due June 1, 2031. Interest on the notes will be payable semi-annually on June 1 and December 1, commencing December 1, 2021. The 2026 notes were priced at 99.863% of their face amount to yield 2.179% and the 2031 notes were priced at 99.587% of their face amount to yield 3.449%. The net proceeds of approximately $743 million are intended to be allocated to Eligible Green Projects (as defined in the prospectus supplement dated May 13, 2021). Pending...

Sunrise, FL, May 13, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Monaker Group, Inc. (NASDAQ: MKGI) (the “Company”), a technology solutions company focused on building a digital business ecosystem that caters to and ties together digital advertisers, consumers, video gamers and travelers, today announced the pricing of an underwritten public offering of 3,230,000 shares of its common stock at a public offering price of $2.50 per share, for gross proceeds to the Company of approximately $8.1 million, before deducting the underwriting discount and other offering expenses payable by the Company. Kingswood Capital Markets, division of Benchmark Investments, Inc. is acting as the sole book-running manager for the offering. The offering is expected to close on or about May 18, 2021, subject to customary closing conditions. In connection...

SOUTH SAN FRANCISCO, Calif., May 13, 2021 (GLOBE NEWSWIRE) — Vera Therapeutics, Inc. (“Vera”), a clinical-stage biotechnology company focused on developing and commercializing transformative treatments for patients with serious immunological diseases, today announced the pricing of its initial public offering of 4,350,000 shares of its Class A common stock at a price to the public of $11.00 per share. The gross proceeds to Vera from the offering, before deducting the underwriting discounts and commissions and offering expenses, are expected to be $47.85 million. All of the shares are being offered by Vera. In addition, Vera has granted the underwriters a 30-day option to purchase up to an additional 652,500 shares of its Class A common stock at the initial public offering price, less the underwriting discounts and commissions. The...

CALGARY, Alberta, May 13, 2021 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating results for the three months ended March 31, 2021. Dollar amounts are expressed in United States dollars, except as otherwise noted. Charle Gamba, President and CEO of the Corporation, commented: “Canacol’s natural gas sales have proven resilient, even amidst the severe COVID-19 crisis in Colombia and the outlook remains bright for when things normalize. In April 2021, we provided a new resource estimate for our gas exploration blocks in the Lower and Middle Magdalena Basins, showing an unrisked mean prospective resource potential of 5.7 trillion cubic feet net to Canacol, and a risked mean prospective resource of 1.7 trillion cubic feet, estimated...

Expanded private capital partnership, reduced leverage, strong operating and cash flow results TORONTO, May 13, 2021 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN; OTCQX: WPTIF) announced today its results for the three months ended March 31, 2021. All dollar amounts are stated in U.S. funds. Highlights:Created a new joint venture, seeded with 13 stabilized investment properties with a value of approximately $370 million Generated $8.5 million of private capital fee revenue Collected 99.8% of billed rent for the quarter, continuing the REIT’s record of strong rent collections Same properties NOI increased 2.5% driven by strong leasing spreads over the last year FFO and AFFO per unit increased 62.0% and 86.9% over the same period last year On balance sheet Debt-to-assets decreased...