Day: June 2, 2021

Star Equity Holdings, Inc. Adopts Rights Agreement to Protect its Net Operating Losses

Written by Customer Service on June 2, 2021. Posted in Public Companies.

Will Submit Rights Agreement for Stockholder Approval at its 2021 Annual Meeting OLD GREENWICH, Conn., June 02, 2021 (GLOBE NEWSWIRE) — Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified, multi-industry holding company with three business divisions, Healthcare, Construction, and Investments, announced today that its Board of Directors (the “Board”) has adopted, and the Company has entered into, a Rights Agreement (the “Rights Agreement”) with American Stock Transfer & Trust Company, LLC, as rights agent, designed to preserve the value of the Company’s significant U.S. net operating loss carryforwards (“NOLs”) and other tax benefits. Star Equity intends to seek stockholder approval of the Rights Agreement at its 2021 annual meeting of stockholders, although the Rights Agreement...

Further Insights into Mechanism of Action of Icosapent Ethyl and Its Unique Form of Eicosapentaenoic Acid (EPA) Presented at the European Atherosclerosis Society (EAS) Congress 2021

Written by Customer Service on June 2, 2021. Posted in Public Companies.

Studies support potentially important anti-inflammatory, protein modulation, and cell function effects of icosapent ethyl as known by the brand name VASCEPA® in much of the world and as VAZKEPA in Europe DUBLIN, Ireland and BRIDGEWATER, N.J., June 02, 2021 (GLOBE NEWSWIRE) — Amarin Corporation plc (NASDAQ:AMRN) today announced the presentation of further insights into various potential mechanisms of action of icosapent ethyl and differences in biological actions of the unique form of eicosapentaenoic acid (EPA) in icosapent ethyl from other mediators in a number of experimental systems that mimic various aspects of arterial atherosclerotic plaque initiation and progression. These data were presented at European Atherosclerosis Society (EAS) Congress 2021, held virtually from May 30 – June 2, 2021, and are based on research and...

Ecolab Schedules Webcast of Industry Conference for June 9, 2021

Written by Customer Service on June 2, 2021. Posted in Public Companies.

ST. PAUL, Minn., June 02, 2021 (GLOBE NEWSWIRE) — Ecolab Inc. CFO Daniel J. Schmechel will address financial analysts virtually at the Baird Global Consumer, Technology & Services Conference on Wednesday, June 9. Ecolab will offer a webcast of Mr. Schmechel’s presentation. Details for the webcast are as follows:TIME: 10:50 a.m. Eastern Time DATE: Wednesday, June 9, 2021 DURATION: Approximately 30 minutes LOCATION: www.ecolab.com/investor ARCHIVE: A replay of the webcast will be available through June 30, 2021.To access the webcast, visit the News and Events section of Ecolab’s Investor website at www.ecolab.com/investor and click on the webcast details. About EcolabA trusted partner at nearly three million customer locations, Ecolab (ECL) is the global leader in water, hygiene and...

Granite REIT Announces C$368 Million of Acquisitions Under Exclusive Negotiaton, Provides Development Update and a C$275 Million Bought Deal Equity Offering

Written by Customer Service on June 2, 2021. Posted in Public Companies.

TORONTO, June 02, 2021 (GLOBE NEWSWIRE) — Granite Real Estate Investment Trust (“Granite” or the “REIT”) (TSX: GRT.UN / NYSE: GRP.U) announced today that it is in exclusive negotiations to acquire six income-producing properties and four development properties in Canada and the United States at a combined purchase price of approximately C$368.3 million (the “Acquisitions”). Granite expects to add approximately 1.4 million square feet (“SF”) of gross leasable area from the income producing properties and has the potential to add an additional approximately 3.2 million SF from the development properties upon completion, for a total of 4.6 million SF to the REIT’s portfolio. Completion of the Acquisitions is subject to definitive documentation and satisfactory due diligence. The REIT and Granite REIT Inc. also announced they have...

Sumo Logic Signs Definitive Agreement to Acquire Sensu to Extend Open Source Strategy and Broaden Observability Suite

Written by Customer Service on June 2, 2021. Posted in Mergers And Acquisitions.

Companies Will Join Forces to Grow the Existing Large and Active OSS Community and Accelerate Monitoring-as-Code for DevOps Organizations of all Sizes Leveraged by over 3,000 Companies Globally, Sensu is a Well Established Open Source Observability Tool REDWOOD CITY, Calif., June 02, 2021 (GLOBE NEWSWIRE) — Sumo Logic (Nasdaq: SUMO), the pioneer in continuous intelligence, today announced it has entered into an agreement to acquire Sensu, Inc., a leader in open source monitoring. The acquisition will accelerate Sumo Logic’s observability strategy by providing customers with an affordable, extensible, and scalable end-to-end solution for infrastructure and application monitoring. In addition, the acquisition will reinforce Sumo Logic’s commitment to open source to drive deeper engagement with the developer and DevOps communities. According...

Sportsman’s Warehouse Holdings, Inc. Announces First Quarter Fiscal Year 2021 Financial Results

Written by Customer Service on June 2, 2021. Posted in Earnings Releases And Operating Results.

WEST JORDAN, Utah, June 02, 2021 (GLOBE NEWSWIRE) — Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) today announced financial results for the thirteen weeks ended May 1, 2021. “Sportsman’s Warehouse is off to a strong start this fiscal year,” said Jon Barker, Sportsman’s Warehouse CEO. “First quarter same store sales increased 24% compared to the same period last year as we continue to capitalize on elevated participation in outdoor activities.” Mr. Barker continued, “I would like to thank the Sportsman’s Warehouse team for an extraordinary first quarter, and their dedication to serving customers and executing on our mission of providing outstanding gear and exceptional service to inspire outdoor memories.” Pending Merger with Great Outdoors Group, LLC As previously...

AMSC Reports Fourth Quarter and Full Fiscal Year 2020 Financial Results and Provides Business Outlook

Written by Customer Service on June 2, 2021. Posted in Earnings Releases And Operating Results.

Company to host conference call tomorrow, June 3 at 10:00 am ET AYER, Mass., June 02, 2021 (GLOBE NEWSWIRE) — AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™, and that protect and expand the capability and resiliency of our Navy’s fleet, today reported financial results for its fourth quarter and fiscal year ended March 31, 2021 (“fiscal 2020”). Revenues for the fourth quarter of fiscal 2020 were $21.2 million compared with $18.1 million for the same period of fiscal 2019. The year-over-year increase was driven by higher Grid segment revenues. AMSC’s net loss for the fourth quarter of fiscal 2020 was $7.6 million, or $0.29 per share, compared to net loss of $5.9 million, or $0.27 per share, for the same period...

Freddie Mac Prices $994 Million Multifamily K-Deal, K-F113

Written by Customer Service on June 2, 2021. Posted in Public Companies.

MCLEAN, Va., June 02, 2021 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $994 million in K Certificates (K-F113 Certificates) are expected to settle on or about June 11, 2021. The K-F113 Certificates are backed by floating-rate multifamily mortgages with 7-year terms, which are SOFR-based. K-F113 PricingClass Principal/Notional Amount (mm) Weighted Average Life (Years) Discount Margin Coupon Dollar PriceAS $994.569 6.58 23 30-day SOFR avg + 23 100.000XS Non-OfferedDetailsCo-Lead Managers and Joint Bookrunners: Barclays Capital Inc. and BofA Securities, Inc. Co-Managers: BMO Capital Markets Corp., Credit Suisse Securities...

Arbor Realty Trust, Inc. Announces Closing of $230 Million Offering of Series D Cumulative Redeemable Preferred Stock

Written by Customer Service on June 2, 2021. Posted in Public Companies.

UNIONDALE, N.Y., June 02, 2021 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced today the closing of its public offering of 9,200,000 shares of its 6.375% Series D Cumulative Redeemable Preferred Stock (the “Series D Preferred Stock”), liquidation preference $25.00 per share, which amount includes 1,200,000 shares of the Series D Preferred Stock issued upon the exercise in full by the underwriters of their over-allotment option on May 26, 2021, for gross proceeds of $230 million, before deducting underwriting discounts and estimated offering expenses. The Company intends to use approximately $93.3 million of the net proceeds from the offering to fund the redemption of all of the outstanding (i) 1,551,500 shares of its 8.25% Series A Cumulative Redeemable Preferred Stock, (ii) 1,260,000 shares of...

Monroe Capital Corporation Announces Second Quarter Distribution of $0.25 Per Share

Written by Customer Service on June 2, 2021. Posted in Public Companies.

CHICAGO, June 02, 2021 (GLOBE NEWSWIRE) — Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that its Board of Directors has declared a distribution of $0.25 per share for the second quarter of 2021, payable on June 30, 2021 to stockholders of record as of June 16, 2021. The Company has adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. As a result, when the Company declares a cash distribution, stockholders who have not opted out of the dividend reinvestment plan prior to the record date will have their distribution automatically reinvested in additional shares of the Company’s capital stock. The specific tax characteristics of the distribution will be reported to stockholders...

Day: June 2, 2021

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