Day: June 1, 2021

LOS ANGELES, June 01, 2021 (GLOBE NEWSWIRE) — Tailwind Acquisition Corp. (NYSE: TWND) (the “Company”) today announced that it received a formal notice of non-compliance from the New York Stock Exchange (the “NYSE”) relating to the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the “Form 10-Q”) as required under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual. On April 12, 2021, the staff of the Securities and Exchange Commission (“SEC”) issued “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)” (the “Statement”), which clarified guidance for all SPAC-related companies regarding the accounting and reporting for their warrants. The immediacy of the effective...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, June 01, 2021 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, has announced today that funds managed by Novacap Management Inc. (collectively, “Novacap”), Whiskey Papa Fox Inc. (or an affiliate thereof) (“WPF”), a holding company controlled by Philip Fayer, our Chair and Chief Executive Officer, CDP Investissements Inc., a wholly-owned subsidiary of Caisse de dépôt et placement du Québec (“CDPQ”), Keith Birdsong, our Chief Technology Officer, Mark Pyke, our President, North America, and Yuval Ziv, our Managing Director, Digital Payments (together the “Selling Shareholders”), and the Company have entered into an agreement with Goldman...

DOYLESTOWN, Pa., June 01, 2021 (GLOBE NEWSWIRE) — HV Bancorp, Inc. (the “Company”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), announced today the completion of its private placement of $10 million of a 4.50% Fixed to Floating Rate Subordinated Note (the “Note”). The Note will have a maturity date of May 28, 2031, and initially bear interest, payable semi-annually in arrears at a fixed annual rate of 4.50% per annum until May 28, 2026. Commencing on that date, the interest rate applicable to the outstanding principal amount due will reset quarterly to an interest rate per annum equal to the then current three-month average secured overnight financing rate (SOFR) plus 325 basis points, payable quarterly in arrears until maturity. The Company may redeem and pay the Note at par, in whole...

FORT LAUDERDALE, FL , June 01, 2021 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (“LMP” or the “Company) (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced that on May 25, 2021, it received a standard notice from Nasdaq indicating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended March 31, 2021, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. The Nasdaq notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. The Notice provides that the Company must submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1). If...

FREMONT, Calif., June 01, 2021 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer cleaning technologies for advanced semiconductor devices, today announced its participation in the Nomura Virtual Investment Forum Asia 2021 on Friday, June 4, 2021 (China time). Management will be available for one-on-one meetings with institutional investors at the event. Portfolio managers and analysts who wish to request a meeting should contact their institutional sales representative at Nomura. About ACM Research, Inc. ACM develops, manufactures and sells semiconductor process equipment for single-wafer or batch wet cleaning, electroplating, stress-free polishing and thermal processes that are critical to advanced semiconductor device manufacturing, as well as wafer-level packaging. The company is committed...

Funding will support revitalization of multifamily units in downtown Bethesda BETHESDA, Md., June 01, 2021 (GLOBE NEWSWIRE) — EagleBank, one of the largest community banks in the Washington, D.C. area, today announced that it provided $81.2 million in fixed rate acquisition financing to support a key affordable housing project in downtown Bethesda, MD. Bradley Crossing LLC, controlled by the Housing Opportunities Commission of Montgomery County (HOC), is sole recipient of the loan and will manage renovation of the property. “As a Bethesda-based bank, I’m proud to see our CRE lending team’s continued commitment to providing financing that invests in and supports our community,” said Ryan Riel, EVP, Chief Real Estate Lending Officer. EagleBank’s loan offering will fund a significant portion of the project’s purchase price and total...