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Month: May 2021

ION to present at the Oppenheimer 6th Annual Emerging Growth Conference

HOUSTON, May 04, 2021 (GLOBE NEWSWIRE) — ION Geophysical Corporation (NYSE: IO) today announced the Company will participate in the Oppenheimer 6th Annual Emerging Growth Conference to be held virtually on May 11-12, 2021. Chris Usher, President and Chief Executive Officer, Mike Morrison, Executive Vice President and Chief Financial Officer, and Rachel White, Vice President of Investor Relations, will participate in one-on-one meetings on May 12th. To learn more or request an invitation to the event, please visit oppenheimer.com/events. About ION Leveraging innovative technologies, ION delivers powerful data-driven decision-making to offshore energy and maritime operations markets, enabling clients to optimize investments and results through access to our data, software and distinctive analytics. Learn more at iongeo.com. Contacts ION...

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StorageVault Completes Previously Announced Purchase of Storage Location for $27.8 Million

TORONTO, May 04, 2021 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that, further to its April 14, 2021 news release, it has completed the acquisition of one store in the Greater Toronto Area, (the “Acquisition”) from Access Self Storage Inc. and its affiliates (collectively “Access”), for an aggregate purchase price of $27,750,000. The Acquisition is a non arm’s-length transaction. The purchase price for the Acquisitions in the amount of $27,750,000, subject to customary adjustments, was paid by the issuance of 932,871 common shares of StorageVault (“Payment Shares”) at an aggregate price of $4.0 million with the remainder being paid with funds on hand and mortgage assumption. The Payment Shares are subject to a hold period that expires four months and a day from the date of issuance...

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LAPD Board of Police Commissioners Approves One-Year BolaWrap Pilot Program Extension

TEMPE, Ariz., May 04, 2021 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, reported that the Los Angeles Board of Police Commissioners (“Commission”) has approved a one-year extension of the BolaWrap pilot program (“BolaWrap Pilot Program”), an item on the agenda for the Commission’s May 4, 2021 Special Meeting, which took place earlier today. In August 2020, following a previous report from the Chief of Police of the Los Angeles Police Department (“LAPD”) to the Commission, the Commission approved a six-month extension of the BolaWrap Pilot Program that expired in February 2021, concluding the initial 360-day review of the BolaWrap remote restraint device. An LAPD report dated April 28, 2021 (“Report”),...

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Arcutis Announces First Quarter 2021 Financial Results and Provides Business Update

New Drug Application (NDA) submission for topical roflumilast cream as a potential treatment for plaque psoriasis anticipated in the second half of 2021 Positive Phase 3 results for topical roflumilast cream in plaque psoriasis announced in February Advancing topical roflumilast foam into Phase 3 development for the treatment of scalp psoriasis with a single pivotal trial Progressing topical roflumilast foam into Phase 3 development in seborrheic dermatitis with a single pivotal trial Pivotal Phase 3 trials of topical roflumilast cream in atopic dermatitis initiated in January Phase 1/2b study of ARQ-252 in chronic hand eczema did not meet its primary endpoint Strong financial position with over $440 million in cash, cash equivalents and marketable securities providing cash runway well into 2023WESTLAKE VILLAGE, Calif., May 04, 2021...

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Pool Corporation Announces a 38% Increase in Its Quarterly Cash Dividend and an Additional $450.0 Million of Authorization Under Its Share Repurchase Program

COVINGTON, La., May 04, 2021 (GLOBE NEWSWIRE) — Pool Corporation (Nasdaq/GSM:POOL) announced today that its Board of Directors (the Board) has declared a quarterly cash dividend of $0.80 per share, a 38% increase over the previous quarterly dividend amount of $0.58 per share. The dividend is payable on May 28, 2021, to stockholders of record on May 17, 2021. As of May 3, 2021, there were 40,131,408 shares of common stock outstanding. The company also announced that the Board has authorized an additional $450.0 million under its existing share repurchase program for the purchase of the company’s common stock in the open market at prevailing market prices. This amount adds to the $107.4 million remaining under its existing authorization as of May 4, 2021, bringing its total authorization available to $557.4 million. Pool Corporation...

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Green Brick Partners, Inc. Reports Record First Quarter 2021 Results

QUARTERLY DILUTED EARNINGS PER SHARE OF $0.51 VS $0.31, UP 64.5%BACKLOG OF $995.7 MILLION, UP 133.0%NET NEW HOME ORDERS UP 71.2%HOME BUILDING GROSS MARGIN UP 230 BPSLOTS OWNED AND CONTROLLED UP 118.1% PLANO, Texas, May 04, 2021 (GLOBE NEWSWIRE) — Green Brick Partners, Inc. (Nasdaq: GRBK) (“we,” “Green Brick” or the “Company”) today reported record results for its first quarter ended March 31, 2021. Jim Brickman, Chief Executive Officer, said, “We just reported the best first quarter in the history of the Company where net income attributable to Green Brick over the last twelve months through March 31, 2021 grew to $123.7 million, a 100% increase over the prior twelve-month period. Our first quarter net orders of 1,082 homes and ending backlog of $996 million both represent all-time records for the Company, up 28% and 45% over Q4...

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KARE 11 Investigative Unit Honored With Peabody Award Finalist Nomination

MINNEAPOLIS, May 04, 2021 (GLOBE NEWSWIRE) — KARE 11’s “Cruel and Unusual” investigation of needless deaths in Minnesota jails has been named a finalist for the prestigious national Peabody Award. KARE 11 was selected out of nearly 1,300 broadcast and streaming media entries nationwide and is only one of 5 local television reports nominated. Peabody Judges remarked on the KARE 11 Investigates: Cruel and Unusual series, “After preventable deaths, botched investigations, falsified records and a suicide crisis, this thorough and well-rounded local Minneapolis investigation exposes a suspicious pattern of inmate deaths.” The KARE 11 Investigates unit documented this problem, led by reporters A. J. Lagoe and Brandon Stahl, photojournalists Gary Knox and Jason Steussy and Executive Producer Steve Eckert. Additional KARE 11 support came...

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Farmers & Merchants Bancorp, Inc. Announces Agreement to Acquire Perpetual Federal Savings Bank of Urbana, Ohio

ARCHBOLD, Ohio, May 04, 2021 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp, Inc. (“F&M”, “FMAO”, or the “Company”) (Nasdaq: FMAO), the holding company for Farmers & Merchants State Bank, announced today that they have signed an agreement and plan of reorganization and merger (the “Agreement”) whereby F&M will acquire Perpetual Federal Savings Bank (“PFSB”), in a stock and cash transaction. PFSB operates one full-service office in Urbana, Ohio. At March 31, 2021, PFSB reported $391 million in total assets, $326 million in loans, $305 million in deposits and $79 million in tangible equity. Subject to the terms of the merger agreement, which has been approved by the Board of Directors of each company, PFSB shareholders will elect to receive either 1.7766 shares of FMAO stock or $41.20 per share in cash for each...

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La-Z-Boy Declares Quarterly Dividend

MONROE, Mich., May 04, 2021 (GLOBE NEWSWIRE) — Directors of La-Z-Boy Incorporated (NYSE: LZB) declared a quarterly cash dividend on the company’s common stock of $0.15 per share. The dividend is payable June 15, 2021, to shareholders of record as of June 1, 2021. Additional Information This news release is just one part of La-Z-Boy’s financial disclosures and should be read in conjunction with other information filed with the Securities and Exchange Commission, which is available at: https://lazboy.gcs-web.com/financial-information/sec-filings. Investors and others wishing to be notified of future La-Z-Boy news releases, SEC filings and quarterly investor conference calls may sign up at: https://lazboy.gcs-web.com/.  Background Information La-Z-Boy Incorporated is one of the world’s leading residential furniture producers, marketing...

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Uranium Royalty Corp. Announces C$37 Million Financing Package Comprised of C$25 Million Bought Deal and C$12 Million Margin Loan

Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, May 04, 2021 (GLOBE NEWSWIRE) — Uranium Royalty Corp (TSX-V: URC, NASDAQ: UROY, ”URC” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, under which the underwriters have agreed to purchase, on a bought deal basis, 6,100,000 common shares (the “Common Shares”), at a price of C$4.10 per Common Share, for gross proceeds of approximately C$25 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close...

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