Day: July 19, 2021
FORT LAUDERDALE, FL , July 19, 2021 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced its entry into a definitive acquisition agreement for General Motors and Nissan dealerships in Texas, along with the associated real estate, generating approximately $250 million in annualized revenue and $27 million in adjusted EBITDA.Prime major metropolitan locations.
Expected to close in the fourth quarter of this year.
Purchase price, including real estate, of approximately $141 million expected to be funded through a combination of cash on LMP’s balance sheet, $42 million in common stock and debt financing.
Expected to add approximately $27 million in adjusted EBITDA or $2.19 per share in 2022.Richard Aldahan, LMP’s Chief Operating...
Brooklyn ImmunoTherapeutics Completes Acquisition of Novellus Therapeutics
Written by Customer Service on . Posted in Mergers And Acquisitions.
Acquisition Advances Transformation Into Platform Company Focused on Cell, Gene Editing and Cytokine Therapy
Company to hold Conference Call Today, July 19, 2021, at 4:15PM ET to Discuss the Transaction and Future Plans
NEW YORK, July 19, 2021 (GLOBE NEWSWIRE) — Brooklyn ImmunoTherapeutics, Inc. (NYSE American: BTX) (“Brooklyn”), a biopharmaceutical company focused on exploring the role that cytokine and gene editing/cell therapy can have in treating patients with cancer, blood disorders, and monogenic diseases, today announced that it had completed, on July 16, 2021, its acquisition of Novellus Therapeutics Limited (“Novellus”). Novellus is developing next-generation engineered mesenchymal stem cell (“MSC”) therapies using extensively patented mRNA-based cell reprogramming and gene editing technologies licensed from Factor Bioscience...
Genetic Technologies Strengthens Global Leadership in Genomics with Acquisition of EasyDNA
Written by Customer Service on . Posted in Mergers And Acquisitions.
A global platform to market the Company’s portfolio across 40 countries
MELBOURNE, Australia, July 19, 2021 (GLOBE NEWSWIRE) — Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE, “Company”, “GTG”), a global leader in Genomics tests in health, wellness and serious disease, has signed an agreement to acquire the direct-to-consumer eCommerce business and distribution rights associated with General Genetics Corporation (GGC) and its associated brands trading as EasyDNA (‘EasyDNA’ or ‘EasyDNA Acquisition’), from BelHealth Investment Fund LP (‘BelHealth’), as majority owner for US$4 million in cash and GTG ADRs.
HighlightsStrategically, this Direct-to-Consumer acquisition provides Genetic Technologies the foundation to grow its portfolio of serious disease tests across well-established websites in 40 countries
In CY20, EasyDNA had...
LMP Automotive Holdings, Inc. to Report Second Quarter 2021 Financial Results and Host Quarterly Conference Call on August 12, 2021
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
FORT LAUDERDALE, FL , July 19, 2021 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today announced it will report its second quarter 2021 financial results for the period ended June 30, 2021, after the close of market on Thursday, August 12, 2021. On that day, management will hold a conference call at 4:30 p.m. ET to review and discuss the Company’s business and results.
What:LMP Automotive Holdings, Inc. Second Quarter 2021 Financial Results Conference CallWhen:Thursday, August 12, 2021Time:4:30 p.m. ET Live Call:1-877-407-3982; International: 1-201-493-6780 A telephonic replay of the conference call will be available until Thursday August 26, 2021, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode...
Leading Independent Proxy Advisory Firm ISS Expresses Support for All Agenda Items at Marathon’s Upcoming Meeting
Written by Customer Service on . Posted in Public Companies.
Marathon Digital Holdings Reminds Shareholders To Vote at the Upcoming 2021 Annual Meeting of Shareholders
LAS VEGAS, July 19, 2021 (GLOBE NEWSWIRE) — Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the largest enterprise Bitcoin mining companies in North America, today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) has expressed its support for all upcoming agenda items at Marathon’s 2021 Annual Meeting of shareholders (the “Annual Meeting”), which will be held on Friday, August 6, 2021.
In addition to the support expressed by ISS, the board of directors of the Company unanimously recommends a vote “FOR” approval of all proposals.
Marathon’s 2021 Annual Meeting is to be held at the Wynn Las Vegas, 3131 Las Vegas Blvd...
First Citrus Bancorporation, Inc. Reports Continued Record-Setting Growth in 2021 Second Quarter and Strong Asset Quality
Written by Customer Service on . Posted in Public Companies.
TAMPA, Fla., July 19, 2021 (GLOBE NEWSWIRE) — First Citrus Bancorporation, Inc. (OTC Markets: FCIT), the parent bank holding company for First Citrus Bank, released its financial results for the second quarter of 2021.
Net earnings of $1,960,000 for the quarter ended June 30, 2021, was the highest in company history. During the second quarter, assets, deposits, and non-Paycheck Protection Program (“PPP”) loans also grew to record levels.
Second Quarter 2021 Highlights (compared to second quarter 2020)Net earnings growth of 52%;
Asset growth of 14%;
Non-PPP loan growth of 12%;
Demand deposit growth of 41%;
Deposit growth of 20%;
Earnings per share growth of 51%.Net earnings for the quarter ended June 30, 2021, was $1,960,000 or $0.95 per share, compared to the net income of $1,290,000, or $0.63 per share for the...
DNA Plc: Vilhelmiina Wahlbeck joins DNA’s Executive Team
Written by Customer Service on . Posted in Public Companies.
DNA PLC STOCK EXCHANGE RELEASE 19 JULY 2021, 15:00 EEST
Vilhelmiina Wahlbeck, SVP, Communications, Sustainability and Brand Development at DNA, has been appointed as member of DNA’s Executive Team.
Vilhelmiina Wahlbeck, 44, has worked in the telecommunications industry for most of her career, first in Telia’s Finnish subsidiary, then as Head of Communications at DNA’s previous parent company Finnet Oy and since 2007 as VP, Corporate Communications at the current DNA Group. Since 2016, she has also been responsible for DNA’s corporate responsibility, and since the beginning of this year, her job description expanded to include DNA’s brand development. Vilhelmiina Wahlbeck holds a master’s degree in political science. She reports to DNA’s CEO.
“Both corporate responsibility and brands that stand out are...
BioNTech to Acquire Kite’s Neoantigen TCR Cell Therapy R&D Platform and Manufacturing Facility in Gaithersburg, MD
Written by Customer Service on . Posted in Public Companies.
Deal strengthens BioNTech’s cell therapy pipeline by accelerating individualized solid tumor Neoantigen TCR cell therapy research and development program and adding manufacturing footprint in North America
Kite remains focused on rapid advancement of current CAR T-Cell therapies to reach more patients and further optimize therapeutic potential of cell therapy
Transaction expected to close by end of July 2021 MAINZ, Germany & Santa Monica, USA, July 19, 2021 – BioNTech SE (Nasdaq: BNTX, “BioNTech”) und Kite, a Gilead Company (Nasdaq: GILD, “Kite”) today announced the two companies have entered into a purchase agreement for BioNTech to acquire Kite’s solid tumor neoantigen T cell receptor (TCR) R&D platform and clinical manufacturing facility in Gaithersburg, MD. The acquired Gaithersburg facility will provide production capacity...
DNA Plc: Ville Virtanen becomes DNA’s CTO and a member of the Executive Team
Written by Customer Service on . Posted in Public Companies.
DNA PLC STOCK EXCHANGE RELEASE 19 JULY 2021, 15:00 EEST
Ville Virtanen, BEng, EMBA, has been named DNA Plc’s Chief Technology Officer (CTO) and a member of the Executive Team.
Ville Virtanen, 45, will start in his new position on 1 September 2021. He is taking up the post after acting as the VP of DNA’s Core and IP Networks department. Virtanen has been at DNA since 2003 and has been broadly responsible for the services of DNA’s mobile and fixed networks, as well as its business-critical service platforms. Before joining DNA, Ville held a number of positions related to the development of networks and IT services at Telia.
In his new role, Virtanen will be responsible for DNA’s various network technologies and their development. He reports to the CEO of DNA. Virtanen succeeds Tommy Olenius, who will be continuing in the position until the...
ContraFect Announces Multiple Presentations of New Research Data From Its Pipeline of Direct Lytic Agents at the 31st ECCMID
Written by Customer Service on . Posted in Public Companies.
YONKERS, N.Y., July 19, 2021 (GLOBE NEWSWIRE) — ContraFect Corporation (Nasdaq: CFRX), a late clinical-stage biotechnology company focused on the discovery and development of direct lytic agents (DLAs), including lysins and amurin peptides, as new medical modalities for the treatment of life-threatening, antibiotic-resistant infections, today announced multiple presentations, including two oral presentations, of data from its portfolio of DLAs from the 31st European Congress of Clinical Microbiology & Infectious Diseases (ECCMID), now available online.
“The data presented at ECCMID further illustrates the potential utility of our lysin therapeutic modalities to address important unmet medical needs. Our new in vitro data suggests that our lead lysin, exebacase, currently in Phase 3 with Breakthrough therapy designation for...