Day: July 12, 2021

Biogen and Innocare Announce License and Collaboration Agreement For Orelabrutinib, an Innovative CNS Penetrant BTK Inhibitor For the Potential Treatment of Multiple Sclerosis

Biogen and Innocare Announce License and Collaboration Agreement For Orelabrutinib, an Innovative CNS Penetrant BTK Inhibitor For the Potential Treatment of Multiple Sclerosis

Orelabrutinib is a Phase 2 oral small molecule Bruton’s tyrosine kinase inhibitor with high selectivity and the ability to cross the blood-brain barrier InnoCare to receive a $125 million upfront payment and is eligible to receive potential development and commercial milestone payments CAMBRIDGE, Mass. and BEIJING, July 12, 2021 (GLOBE NEWSWIRE) — Biogen Inc. (Nasdaq: BIIB) and InnoCare Pharma Limited (HKEX: 09969) today announced that they have entered into a license and collaboration agreement for orelabrutinib, an oral small molecule Bruton’s tyrosine kinase inhibitor (BTKi) for the potential treatment of multiple sclerosis (MS). Orelabrutinib is a covalent BTKi with high selectivity and the ability to cross the blood-brain barrier, and is currently being studied in a multi-country, placebo-controlled Phase 2 trial in relapsing-remitting...

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Just Released: The Nebraska Venture Capital Ecosystem Review

Just Released: The Nebraska Venture Capital Ecosystem Review

Innosphere Ventures’ analyses of investment data from PitchBook shows Nebraska has healthy seed-stage investment ecosystem Innosphere analyzed data from PitchBook to produce the “Nebraska Venture Capital Ecosystem Review” to cover investment trends shaping Nebraska’s venture ecosystem and spotlight opportunities as the COVID-19 crisis gives way to recovery. Download a copy at: https://innosphereventures.org/investors/ Mike Freeman, CEO & General Partner of Innosphere Ventures Fund, a seed and series A venture capital fund leading investment rounds in B2B companies who are driving innovation in SaaS software, Cleantech and MedTech sectors. Through active management, a proprietary deal flow, and a proven process for supporting early exit returns for limited partners, Innosphere Ventures Fund is positioned...

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NorthEast Community Bancorp, Inc. Announces Completion of Second-Step Conversion and Subscription Offering

NorthEast Community Bancorp, Inc. Announces Completion of Second-Step Conversion and Subscription Offering

WHITE PLAINS, N.Y., July 12, 2021 (GLOBE NEWSWIRE) — NorthEast Community Bancorp, Inc., a Maryland corporation (the “Company”) (NasdaqCM: NECB), announced today that it has completed its “second-step” conversion pursuant to which NorthEast Community Bancorp, MHC has converted to the stock holding company form of organization. The Company, the new stock holding company for NorthEast Community Bank (the “Bank”), sold 9,784,077 shares of common stock at $10.00 per share, for gross offering proceeds of $97.8 million in its subscription offering.   Concurrent with the completion of the conversion and reorganization, shares of common stock of NorthEast Community Bancorp, Inc., a federally chartered corporation and the former parent company for the Bank (the “Mid-Tier Holding Company”), owned by public shareholders have been exchanged...

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SkyFly: Soar America begins ‘flights’ at The Island in Pigeon Forge

SkyFly: Soar America begins ‘flights’ at The Island in Pigeon Forge

TORONTO, July 12, 2021 (GLOBE NEWSWIRE) — North America’s newest flying theater, SkyFly: Soar America, opened this past weekend and is the signature attraction at The Island in Pigeon Forge entertainment park in Tennessee. The attraction blends ingenuity, family and Americana, all packaged into a striking steam-punk setting. This fully themed attraction helps to convey SkyFly’s story. “This adventure ride will thrill everyone and will quickly become a top reason for families to visit the Smoky Mountains and Pigeon Forge,” states Clay McManus, The Island’s executive that co-led the attraction development in partnership with Dynamic Entertainment to create this exciting attraction. “I encourage everyone thinking of coming to the Smoky Mountains to come and experience this incredibly fun attraction.” “It takes a tremendous team effort...

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FuelCell Energy Receives Court Case Win in the Court of Chancery in Delaware Versus Posco Energy

FuelCell Energy Receives Court Case Win in the Court of Chancery in Delaware Versus Posco Energy

DANBURY, Conn., July 13, 2021 (GLOBE NEWSWIRE) — FuelCell Energy, Inc. (Nasdaq: FCEL) — a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy — announced today that it has received a favorable ruling in a court case filed in the Court of Chancery in Delaware by POSCO Energy Co., Ltd. (POSCO Energy). On July 9, 2021, the Court issued a post-trial ruling denying POSCO Energy’s summary statutory demand to inspect the Company’s books and records because POSCO Energy lacks a proper purpose.  The Court held that the totality of the circumstances, including the fact this was the seventh legal action POSCO Energy initiated against the Company within the span of nine months, confirmed that POSCO Energy’s purpose in initiating...

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First Eagle Senior Loan Fund Announces Initial Liquidating Distribution

First Eagle Senior Loan Fund Announces Initial Liquidating Distribution

BOSTON, July 12, 2021 (GLOBE NEWSWIRE) — First Eagle Senior Loan Fund (the “Fund”) (formerly NYSE: FSLF) today announced its initial liquidating distribution to its shareholders. On or about July 16, 2021, the Fund will distribute $83,315,253, or $11.23 per share, in a cash liquidating distribution to shareholders entitled to such distribution. This represents a return to shareholders of 71.3% of the Fund’s net asset value per share as of June 30, 2021. The Fund expects to make one or more additional liquidating distributions prior to its termination as it completes the liquidation and settlement of its holdings. Shareholders may recognize gain or loss for U.S. tax purposes as a result of the liquidation. Gain or loss will generally be measured as the difference between the sum of the liquidating distributions...

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ARYA Sciences Acquisition Corp V Announces Pricing of $130 Million Initial Public Offering

ARYA Sciences Acquisition Corp V Announces Pricing of $130 Million Initial Public Offering

NEW YORK, July 12, 2021 (GLOBE NEWSWIRE) — ARYA Sciences Acquisition Corp V (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses or entities, today announced the pricing of its initial public offering of 13,000,000 Class A ordinary shares at a price of $10.00 per share. The Class A ordinary shares will be listed on The Nasdaq Capital Market and trade under the ticker symbol “ARYE” beginning on July 13, 2021. While the Company may pursue an initial business combination target in any business or industry, it intends to focus on the healthcare industry in the United States and other developed countries. The Company intends to focus on target businesses with valuations of $300 to $500 million or more and that have the potential to be $1 billion or more...

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BrewBilt Brewing Full Steam Ahead With $1.2M Projected and $30M Future Revenue

BrewBilt Brewing Full Steam Ahead With $1.2M Projected and $30M Future Revenue

Grass Valley, CA, July 12, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Today BrewBilt Brewing Company (the “Company”) (OTCPINK: BRBL) announced that the Company has officially completed its corporate restructure and has submitted its Type 22 (Small Beer Manufacturer) license application to the State of California and has received its Federal Brewer’s Notice to produce and distribute commercial craft beer in its new high-tech brewing facility in Northern California. CEO Jef Lewis stated, “The Company has commenced construction of its 6,000 sq. ft. brewery which is the first ‘proof of concept’ facility while currently planning for its 150,000 sq. ft. facility with tap room. The first facility will be up and brewing between November 2021 and January 2022 with its 20BBL system producing $1.2M in craft beer sales. The first facility...

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Shoals Technologies Group, Inc. Announces Launch of Offering of 13,384,155 Shares of Class A Common Stock

Shoals Technologies Group, Inc. Announces Launch of Offering of 13,384,155 Shares of Class A Common Stock

PORTLAND, Tenn., July 12, 2021 (GLOBE NEWSWIRE) — Shoals Technologies Group, Inc. (Nasdaq: SHLS) (the “Company”) today announced the launch of an underwritten public offering of an aggregate of 13,384,155 shares of the Company’s Class A common stock. The Company is offering 8,394,463 shares of its Class A common stock and certain selling stockholders, including an entity controlled by Oaktree Capital Management, L.P. (“Oaktree”) and Mehgan Peetz, the Company’s General Counsel, are offering 4,989,692 shares of the Company’s Class A common stock (the “Selling Stockholders”). Additionally, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 2,007,623 shares of Class A common stock. The Company’s Class A common stock is listed on the Nasdaq Global Market under the symbol “SHLS.” The Company...

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Eldorado Gold Announces Second Quarter 2021 Preliminary Production Results and Conference Call Details

Eldorado Gold Announces Second Quarter 2021 Preliminary Production Results and Conference Call Details

VANCOUVER, British Columbia, July 12, 2021 (GLOBE NEWSWIRE) — Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to announce second quarter 2021 preliminary gold production of 116,066 ounces, in-line with the Company’s 2021 annual guidance of between 430,000 and 460,000 ounces of gold. Detailed production, by asset, is outlined in the table below. Q2 2021 and Year-to-Date 2021 Preliminary Gold Production   Production (oz) Mine Q2 2021 Q2 2020 Q1 2021 Kısladag 44,016 59,890 46,172 Lamaque 35,643 33,095 28,835 Efemcukuru 23,473 26,876 23,298 Olympias 12,934 17,921 13,437 Total Gold Production (oz) 116,066 137,782 111,742           Production (oz) Mine YTD 2021 YTD 2020 Full Year 2021 Guidance Kısladag 90,188 110,066 140,000 – 150,000 Lamaque 64,478 60,448 140,000 – 150,000 Efemcukuru 46,771 50,115 90,000...

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