Month: June 2021

WAYZATA, Minn., June 14, 2021 (GLOBE NEWSWIRE) — Trean Insurance Group, Inc. (Nasdaq: TIG), a leading provider of products and services to the specialty insurance market, announced today that it is promoting Chief Financial Officer Julie Baron to the new position of President and Chief Operating Officer, and Chief Accounting Officer Nicholas Vassallo to Chief Financial Officer, effective June 23, 2021. “We are excited to promote both Julie and Nick, who have contributed greatly to our ongoing success and will be well-positioned as we move ahead to add incremental value in their new roles and responsibilities,” stated Andrew M. O’Brien, Chief Executive Officer of Trean. “Julie has proven her strong understanding of all aspects of the insurance industry and her leadership abilities over many years with Trean. As President and COO,...

HOUSTON, June 14, 2021 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (“Key” or the “Company”)(OTC: KEGX) today provided the following operational and financial update. Operational Update Despite the impacts of winter storm Uri, which reduced consolidated revenues in the first quarter by approximately $3 million, first quarter 2021 consolidated revenue grew 10.9% or $5.2 million to $52.4 million, as compared to $47.2 million in the 2020 fourth quarter. Rig Services segment revenue and rig hours for the first quarter of 2021 totaled $35.3 million and 89,600 respectively, up approximately 12% and 18% versus the fourth quarter of 2020. First quarter 2021 Fishing & Rental Services segment revenues were up roughly 22% to $6.4 million versus the fourth quarter of 2020, while Fluid Management Services segment revenues totaled $7.8...

CHANDLER, Ariz., June 14, 2021 (GLOBE NEWSWIRE) — (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that the Company will present at the Nasdaq 44th Investor Conference on Tuesday, June 15, 2021, at 12:30 p.m. (Eastern Time). Presenting for the Company will be Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer, and Mr. Nawaz Sharif, Vice President of European Finance and IR. A live webcast of the presentation will be made available by Nasdaq, and can be accessed on the Microchip website at www.microchip.com. Any forward looking statements made during the presentation are qualified in their entirety by the discussion of risks set forth in the Company’s Securities and Exchange Commission filings. Copies of SEC filings...

MINNEAPOLIS, June 14, 2021 (GLOBE NEWSWIRE) — Tile Shop Holdings, Inc. (OTC Pink: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that The Nasdaq Stock Market LLC (“Nasdaq”) has approved its application for the listing of the Company’s common stock on The Nasdaq Stock Market. The Company’s common stock is expected to be relisted and commence trading on The Nasdaq Stock Market at the opening of the market on or about Thursday, June 17, 2021, under the current ticker symbol “TTSH”. The Company intends to use its website, investors.tileshop.com, as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Such disclosures will be included on the Company’s website...

OMAHA, Neb., June 14, 2021 (GLOBE NEWSWIRE) — America First Multifamily Investors, L.P. (NASDAQ: ATAX) (“ATAX”) announced today that on June 11, 2021, it closed on a secured revolving Line of Credit facility (“LOC”) of up to $40 million with two lenders, BankUnited N.A. and Bankers Trust Company. BankUnited N.A. also serves as sole arranger and administrative agent. The LOC is secured by ATAX’s equity investments in its Vantage properties portfolio, a first mortgage on its Suites on Paseo MF Property and a bank account held at BankUnited, N.A. The amount available to be drawn on the LOC is limited to the lesser of $40 million and a borrowing base calculation related to the collateral. In addition, Greystone Select Holdings LLC, an affiliate of ATAX’s general partner, provided a deficiency guaranty. ATAX may use proceeds from the...

WATERTOWN, Mass., June 14, 2021 (GLOBE NEWSWIRE) — C4 Therapeutics, Inc. (C4T) (Nasdaq: CCCC), a clinical-stage biopharmaceutical company pioneering a new class of small-molecule medicines that selectively destroy disease-causing proteins through degradation, today announced that it has launched a proposed public offering of 4,250,000 shares of its common stock. All of the shares of common stock in the offering will be offered by C4T. In addition, C4T expects to grant the underwriters a 30-day option to purchase up to 637,500 additional shares of common stock. Together with its existing cash and cash equivalents, C4T intends to use the net proceeds of the offering to fund the company’s research and clinical development activities. The proposed offering is subject to market and other conditions, and there can be no assurance as...

Southfield, MI, June 14, 2021 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) (“the Company”), a real estate investment trust (“REIT”) that owns and operates or has an interest in manufactured housing (“MH”) communities, recreational vehicle (“RV”) resorts and marinas, today announced that it has received investment grade ratings from S&P Global Ratings and Moody’s Investor Service. S&P Global Ratings has assigned a BBB issuer rating to the Company with a stable outlook and Moody’s Investors Service has assigned a Baa3 issuer rating to the Company with a stable outlook. “We are extremely pleased to announce that we have received our inaugural credit ratings from S&P and Moody’s,” stated Gary Shiffman, Chief Executive Officer. “The investment grade ratings received from both agencies recognize Sun’s attention...

If approved, customer tax credits will offset overall proposed base rate changes over the two-year plan SPOKANE, Wash., June 14, 2021 (GLOBE NEWSWIRE) — Avista (NYSE: AVA) and all parties to the Company’s electric and natural gas general rate case have reached a settlement agreement that has been submitted to the Idaho Public Utilities Commission for its consideration. If approved, the settlement agreement is designed to increase annual base electric revenues by $10.6 million or 4.3%, effective Sept. 1, 2021, and by $8.0 million or 3.1%, effective Sept. 1, 2022. For natural gas, the settlement agreement is designed to decrease annual base natural gas revenues by $1.6 million or 3.7%, effective Sept. 1, 2021, and increase annual base natural gas revenues by $0.9 million or 2.2%, effective Sept. 1, 2022. The parties have agreed to...

PALATINE, Ill., June 14, 2021 (GLOBE NEWSWIRE) — Acura Pharmaceuticals, Inc. (OTCQB: ACUR) today announced that Abuse Deterrent Pharma, LLC (“AD Pharma”) has converted the entire principle and accrued interest of its Secured Promissory Note (the “Note”) with the Company into shares of the Company’s common stock. Effective with this conversion, the Note is retired and the Company is working with AD Pharma to release their security interest in all the Company’s assets. Under the terms of the Note, AD Pharma elected to convert the $6.9 million outstanding principal and accrued interest at $0.16 per share yielding 42,984,375 newly issued common shares. The Company’s total common shares outstanding is now 65,089,043. Bob Jones, Acura’s CEO commented “AD Pharma’s conversion of our sole outstanding secured loan into equity reduces future...