Month: May 2021

Better Collective acquires leading US sports betting media platform, Action Network, for 240 mUSD

Written by Customer Service on May 3, 2021. Posted in Mergers And Acquisitions.

Regulatory release no. 14 With the acquisition of Action Network, Better Collective gains clear market leadership within sports betting media and affiliation in the US and now expects to increase its revenues in the US to more than 100 mUSD by 2022. Sports betting media group, Better Collective, today announces that it has signed an agreement to acquire 100% of the shares in Action Network, Inc. (“Action”) for 240 mUSD (198 mEUR) on a cash and debt free basis. Founded in 2017 and launched in 2018, Action is uniquely positioned in the US market as the premium sports content and product destination for US sports bettors. A trusted source for sports fans, Action’s media platforms provide an enhanced experience for its users through original sports news content, premium insights, deep menus of odds and proprietary betting tools and data. Action’s...

Velan Inc. Announces the Appointment of Benoit Alain as Special Advisor to the Chief Executive Officer. He Will Assume the Position of Chief Financial Officer on June 1, 2021

Written by Customer Service on May 3, 2021. Posted in Public Companies.

MONTREAL, May 03, 2021 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, is pleased to announce as part of the planned succession of the Company`s finance department, the appointment of Benoit Alain as its new Chief Financial Officer. Beginning today as Special Advisor to the CEO, M. Alain will undertake his official responsibilities as CFO on June 1, 2021. He will be a key member of the Company’s Senior Management team and will succeed John Ball, who has been effectively carrying out his mandate as interim Chief Financial Officer since last January. As of June 1, Mr. Alain will report directly to Yves Leduc, CEO, as well as the Chair of the Audit Committee of Velan Inc. Benoit Alain, an international executive, began his career at Raymond Chabot Martin Paré, and progressed...

Baltic Horizon Fund SPV plans private placement of bonds to finance construction of Meraki office building

Written by Customer Service on May 3, 2021. Posted in Public Companies.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Northern Horizon Capital AS informs of the plan to organize an issue of secured bonds of Baltic Horizon Fund SPV, BH Meraki UAB in the aggregate nominal value of up to EUR 8 million with the maturity date of 18 months as of the issue date with a possibility to issue the bonds in multiple tranches. The issue size of the first tranche is intended to be up to EUR 4 million. The bonds will be secured with a 1st rank mortgage on the properties located at Eitminų str. 3 and Ukmergės str. 308, Vilnius, Lithuania and with a surety granted...

Baltic Horizon Fund SPV plans private placement of bonds to finance construction of Meraki office building

Written by Customer Service on May 3, 2021. Posted in Public Companies.

Infobird Co., Ltd Announces Anticipated Filing of Annual Report on Form 20-F

Written by Customer Service on May 3, 2021. Posted in Public Companies.

BEIJING, May 03, 2021 (GLOBE NEWSWIRE) — via InvestorWire – Infobird Co., Ltd (“Infobird”), a software-as-a-service provider of innovative AI-powered, or artificial intelligence-enabled, customer engagement solutions in China, announces that it intends to file its annual report on Form 20-F for the fiscal year ended Dec. 31, 2020, with the U.S. Securities and Exchange Commission (“SEC”) on or before May 15, 2021, as set forth in the Form 12b-25 filed with the SEC on April 29, 2021. Once filed, the annual report on Form 20-F, which will contain Infobird’s audited consolidated financial statements, will be accessible through the SEC’s website at http://www.sec.gov or Infobird’s website at www.Infobird.com. About Infobird Co., Ltd Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered,...

CAST Software Inc.: Q1 revenue up 35%

Written by Customer Service on May 3, 2021. Posted in Public Companies.

(+40% at constant currency) Confirmation of the strategy’s relevanceRevenue in €M 2021 2020 Variation % ATI*Q1 9.0 6.63 +2.35 +35.4%* At prevailing exchange rates NEW YORK and PARIS, May 03, 2021 (GLOBE NEWSWIRE) — Pioneer and category leader in software Intelligence, CAST delivered an excellent first quarter that was marked, in particular, with many contracts with new clients and a diverse geographic distribution of revenue. The quarter also marks a milestone joint go-to-market agreement reached with Accenture, similar to the existing agreement with IBM Global Business Services, for faster, safer and easier application modernization and cloud migration of their clients’ complex custom-build applications. At the end of March, revenue was up sharply by 35% (+40% at constant currency) compared with Q1 2020. The investment...

FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results For The First Quarter Ended March 31, 2021

Written by Customer Service on May 3, 2021. Posted in Public Companies.

JACKSONVILLE, Fla., May 03, 2021 (GLOBE NEWSWIRE) — FRP Holdings, Inc. (NASDAQ-FRPH) First Quarter Operational HighlightsPhase II (The Maren) of the development known as RiverFront on the Anacostia in Washington, D.C., reached stabilization meaning 90% of the individual apartments had been leased and occupied by third party tenants. The attainment of stabilization resulted in a change of control for accounting purposes as the veto rights of the minority shareholder lapsed and the Company became the primary beneficiary. As such, beginning March 31, 2021, the Company consolidated the assets (at current fair value), liabilities and operating results of the joint venture.First Quarter Consolidated Results of Operations Net income for the first quarter of 2021 was $28,373,000 or $3.03 per share versus $1,618,000 or $.16 per share...

TulsaLabs Announces Integration Support for DATAX Data Protocol

Written by Customer Service on May 3, 2021. Posted in Public Companies.

Tulsa, OK, May 03, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — AppSwarm, Corp. (OTC: SWRM), a software development company and aggregator of mobile applications, announced TulsaLabs will provide advisory services to DataElf Protocol DATAX token focused on the data and cloud development industry. The Company announced it would explore the integration of the DATAX token as an alternative means of payment for future Artificial Intelligence (AI) and cloud-related projects. DataElf is a community of data developers, and blockchain enthusiasts, focused on building machine learning and cloud data applications around the DATAX protocol. The project community will explore the development of data pools and access to AI cloud services, and building new applications utilizing the DATAX token. www.dataelf.com Payment for Data Services The...

HP Extends First of its Kind Partner Program to Global Retailers

Written by Customer Service on May 3, 2021. Posted in Public Companies.

Powerful HP Amplify program optimized to drive long-term growth and digital transformation aligned to evolving consumer landscape PALO ALTO, Calif., May 03, 2021 (GLOBE NEWSWIRE) — Today, HP Inc. announced the extension of HP Amplify™ — a first-of-its kind global1 channel program — to its vast ecosystem of more than 1350 online pure players, omnichannel, and brick and mortar retail partners. Launched in the fall of 2020 to commercial partners, the powerful new partner program, built on a single, integrated structure provides the insights, capabilities and collaboration tools needed to drive digital transformation and growth as consumer buying behaviors continue to evolve. HP will begin to transition retail partners1 to the HP Amplify program beginning August 2, 2021 and continue through the calendar year. Built on a simplified...

Prosafe SE and subsidiary company Prosafe Rigs Pte. Ltd. – Update on Financial Process with Lenders

Written by Customer Service on May 3, 2021. Posted in Public Companies.

Reference is made to earlier information provided about the ongoing financial process with lenders, the latest in a press release dated 30th April 2021. On 30 April 2021, Prosafe SE and Prosafe Rigs Pte. Ltd. had respectively filed HC/OS 422/2021 (“OS 422“) and HC/OS 425/2021 (“OS 425“) for moratorium protection in Singapore. As part of the moratorium announced earlier, the Court has fixed a directions hearing for both OS 422 and OS 425, to be held via Zoom on Friday, 7 May 2021 at 3pm Singapore time. Creditors who wish to attend the hearing (either in person or through their solicitors) should inform the solicitors of Prosafe SE and Prosafe Rigs Pte. Ltd. of their intention to do so. Creditors may do so by emailing Mr. Elan Krishna (elan.krishna@cliffordchance.com) and Mr. Loh Tian Kai (tiankai.loh@cliffordchance.com)...

Month: May 2021

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