Stemming from SEC Guidance Concerning Balance Sheet Treatment of Warrants, Tailwind Acquisition Corp. Announces Receipt of NYSE Continued Listing Standard Notice

Written by Customer Service on June 1, 2021. Posted in Public Companies.

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...

Nuvei Announces US$500 Million Bought Deal Secondary Offering

Written by Customer Service on June 1, 2021. Posted in Public Companies.

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...

HV Bancorp, Inc. Closes on a $10 Million Fixed to Floating Rate Subordinated Note

Written by Customer Service on June 1, 2021. Posted in Public Companies.

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...

Afya Limited Announces Closing of the Acquisition of UNIFIPMoc and Fip Guanambi

Written by Customer Service on June 1, 2021. Posted in Mergers And Acquisitions.

NOVA LIMA, Brazil, June 01, 2021 (GLOBE NEWSWIRE) — Afya Limited, or Afya (Nasdaq: AFYA) in addition to the Press Release released by the Company on October 22,2020, today announced the closing of its acquisition, through its wholly-owned subsidiary Afya Participações S.A., of 100% of the total share capital of Sociedade Padrão de Educação Superior Ltda (“UNIFIPMoc and Fip Guanambi”). The aggregate purchase price (enterprise value) was R$360.0 million, including the assumption of a Net Debt of R$31.1 million. The equity value was paid 100% in cash in the date hereof. We expect an EV/EBITDA of 5.1x at maturity and post synergies. UNIFIPMoc and Fip Guanambi are a post-secondary education institution with government authorization to offer on-campus, undergraduate courses in medicine in the states of Minas Gerais and Bahia. The reported...

Stabilis Solutions Acquires LNG Production Facility in Port Allen, Louisiana

Written by Customer Service on June 1, 2021. Posted in Mergers And Acquisitions.

Acquisition Immediately Expands Stabilis’ LNG Production Capacity by 30% and Provides a Strategic Supply Point to Support Gulf Coast Customers Houston, Tx, June 01, 2021 (GLOBE NEWSWIRE) — Stabilis Solutions, Inc., (“Stabilis”) (NASDAQ: SLNG), a leading provider of energy transition services including liquefied natural gas (“LNG”) and hydrogen fueling solutions, announced today that it has completed the acquisition of an LNG production facility in Port Allen, Louisiana from HR Nu Blu Energy, LLC. Terms of the acquisition were not disclosed. The Port Allen facility is strategically located in the eastern Gulf Coast region and will support some of Stabilis’ largest customers. Built in 2018, the facility has nameplate production capacity of 30,000 LNG gallons per day which increases Stabilis’ total nameplate production...

Proactive news headlines including Heritage Cannabis, Plurilock Security, GameSquare Esports, Mirasol Resources and Golden Arrow Resources

Written by Customer Service on June 1, 2021. Posted in Earnings Releases And Operating Results.

New York, June 01, 2021 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies: Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) (FRA:2UE)acquires recreational cannabis group Bloom Brands Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) inks contract with California state agency Bam Bam Resources Corp (CSE:BBR) (OTCPINK:NPEZF) (FRA:4NPB) begins expanded soil sampling at Majuba Hill GameSquare Esports Inc (CSE:GSQ) (FRA:29Q1) applauds UMBC for winning collegiate Fortnite tournament presented by Gaming Community Network Unigold Inc (CVE:UGD) (OTCQX:UGDIF) (FRA:UGB1) appoints Steve Haggarty to board of directors Zinc8 Energy Solutions Inc (CVE:ZAIR) (OTCPINK:MGXRF) (FRA:0E9) ends 1Q with $15.5M in capital to advance...

LMP Automotive Holdings, Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

Written by Customer Service on June 1, 2021. Posted in Public Companies.

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...

Post Holdings Acquires Ready-to-Eat Cereal Business from TreeHouse Foods

Written by Customer Service on June 1, 2021. Posted in Mergers And Acquisitions.

ST. LOUIS, June 01, 2021 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced that it has acquired the ready-to-eat (“RTE”) cereal business of TreeHouse Foods for $85 million, effective today. The acquisition includes two facilities located in Lancaster, Ohio and Sparks, Nevada, which feature a wide range of production capabilities across batch and extruded products, a research and development facility located in Sauget, Illinois as well as inventory valued at approximately $30 million. The financial results of the acquired RTE cereal business are expected to be reported in the Post Consumer Brands segment and are expected to be modestly dilutive to Post’s Adjusted EBITDA for fiscal year 2021 and accretive in fiscal year 2022. Use of Non-GAAP Measure Post uses Adjusted EBITDA,...

ACM Research to Participate in the Nomura Virtual Investment Forum Asia 2021

Written by Customer Service on June 1, 2021. Posted in Public Companies.

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...

EagleBank Provides More than $81 Million in Financing for Montgomery County Housing Opportunities Commission

Written by Customer Service on June 1, 2021. Posted in Public Companies.

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...

Day: June 1, 2021

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