Month: May 2021

WALTHAM, Mass., May 03, 2021 (GLOBE NEWSWIRE) — Entasis Therapeutics Holdings Inc. (Nasdaq: ETTX), a clinical-stage biopharmaceutical company focused on the discovery and development of novel antibacterial products, announced today that it has completed the initial closing of an approximately $7.5 million stock and warrant issuance to a subsidiary of Innoviva Inc. (Nasdaq: INVA) (“Innoviva”), pursuant to a securities purchase agreement signed on May 3, 2021. Upon satisfaction of certain closing conditions, including approval by Entasis stockholders, Innoviva will purchase the balance of the $20 million in Entasis common stock and warrant securities in a second closing that is anticipated later in the second quarter of 2021 (excluding the consideration payable upon exercise of warrants, if any). Entasis plans to use...

MONTREAL, May 03, 2021 (GLOBE NEWSWIRE) — (CSE: EMER) Emergia Inc. (the “Corporation” or “EMERGIA”) is pleased to announce that it has closed today, May 3, 2021, its previously announced potential acquisition of a land of approximately 100 acres in Alliston, Ontario for a purchase price of $14.4 million (excluding closing costs and a reserve for interests and pre-development costs). The acquisition of the land was done at arm’s length and the purchase price was paid as follows: (i) $9,600,000 in cash and (ii) $4,800,000 in Class A shares of the Corporation at the issuance price of $1.00 per share of which 300,000 have been issued and 4,500,000 are reserved for issuance upon receipt of the allocation of such shares between the vendors. To satisfy a portion of the purchase price, the Corporation entered into a financing of $9,000,000...

Intema signs letter of intent to acquire Livestream Gaming Ltd, Belize. Livestream Gaming owns LOOT.BET esports bookmaker platform, a world leader in esports betting. LOOT.BET betting handle was 62.2 million euros (CA$92.2 million) for the year ended December 31, 2020. Acquisition to be accretive to Intema’s revenues: Livestream Gaming recorded unaudited gross gaming revenue of 3.2 million euros (CA$4.8 million) and a net profit of 79,806 euros (CA$114,792) for the year ended December 31, 2020. Esports market projected to reach US$1.86 billion by 2026 at a CAGR of 15.1%1.MONTREAL, May 03, 2021 (GLOBE NEWSWIRE) — Intema Solutions Inc. (“Intema” or the “Corporation”) (TSXV: ITM, OTCMKTS: ITMZF) is pleased to announce that it entered into an arm’s length binding letter of intent (the “LOI”) dated April 30, 2021 with Livestream...

AUSTIN, Texas, May 03, 2021 (GLOBE NEWSWIRE) — Wilsonart Engineered Surfaces announced today it has acquired Flagg Incorporated, a leading wholesale distributor to the building and remodeling industry. Based in Cincinnati with branches in Ohio, Kentucky and Indiana, Flagg distributes supplies and services for the cabinet-making industry, including engineered decorative surfaces, board, hardware and components. This strategic acquisition represents significant growth potential for Wilsonart by expanding the company’s footprint in the Midwest. “The acquisition of Flagg complements Wilsonart’s company culture and greatly enhances the services we offer with four locations across Ohio, Indiana and Kentucky,” said Andrew Korzen, vice president of sales for Wilsonart. “We look forward to increasing Wilsonart’s company-owned distribution...