Day: July 26, 2021

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (NASDAQ: PTMN) (the “Company” or “Portman Ridge”) today provided an update on its previously announced share buyback program. Following the recent lifting of the suspension on repurchases under the share buyback program due to its merger transaction with Harvest Capital Credit Corporation (“HCAP”), the Company has been actively repurchasing its shares under the program. To date, the Company has repurchased approximately $1.1 million of its shares since the closing the HCAP merger transaction on June 9. 2021. The Company expects to continue to conduct buybacks under the program throughout the remainder of the year based on market conditions and other factors, subject to legal and contractual restrictions. As a reminder, on March 11, 2021, the Company’s...

Amendment Extends NDA Acceptance Date PALATINE, Ill., July 26, 2021 (GLOBE NEWSWIRE) — Acura Pharmaceuticals, Inc. (OTCQB: ACUR) today announced an amendment to its License, Development and Commercialization Agreement (“Agreement”) regarding Acura’s LIMITx™ LTX-03 product candidate with Abuse Deterrent Pharma, LLC (“AD Pharma”) to extend the FDA Acceptance Date for LTX-03 (“NDA Acceptance Date”) to February 28, 2022. LTX-03 (hydrocodone with acetaminophen)Recent reports suggest growing numbers of legitimate pain patients are going undertreated as they can no longer find doctors willing to treat them due to new prescribing guidelines associated with the opioid epidemic. Suicide is increasingly seen as the only remedy for some of these patients through opioid overdose. Our goal with LIMITx is to develop a treatment for effective...

MONROE, Mich., July 26, 2021 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced it plans to invest more than $30 million over a two-year period in its Neosho, MO manufacturing facility. The 550,000 square-foot plant, which began operations in 1970 and employs approximately 950 people, makes reclining motion furniture and supports all La-Z-Boy manufacturing operations with metal components and purchased parts. The scope of the project includes various upgrades and renovations throughout the upholstery plant, a new medical clinic for employees and their families, and a new parts distribution center. Melinda D. Whittington, President and Chief Executive Officer, of La-Z-Boy Incorporated, said, “We are making strategic investments across the organization to ensure La-Z-Boy...

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today announced the Board of Directors (the “Board”) of the Company elected Pamela Carlton to serve as an independent director, effective July 22, 2021. Ms. Carlton joins a recently expanded ARI Board, following the election earlier this year of Carmencita Whonder at the Company’s Annual Meeting. Ms. Carlton’s election brings the total number of board members to ten, six of whom are independent directors. She will serve as a member of the Compensation Committee. Commenting on the expanded Board, Michael Salvati, non-executive Chairman of the Board of ARI, said: “We are thrilled to welcome Pamela and Carmencita, who joined us earlier this year, to the Board of ARI. Both women are seasoned executives and we...

ANCHORAGE, Alaska, July 26, 2021 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $8.35 million, or $1.33 per diluted share, in the second quarter of 2021, compared to $12.18 million, or $1.94 per diluted share, in the first quarter of 2021, and $9.90 million, or $1.52 per diluted share, in the second quarter a year ago.   Fee and interest income from the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) loans and high levels of production in the Home Mortgage Lending segment contributed to profitability for the quarter. Also benefiting second quarter results was a $427,000 benefit to the provision for credit losses. This compares to a $1.5 million benefit to the provision for credit losses in the...

-EyeGate signs non-binding letter of intent to acquire Bayon Therapeutics, a private ophthalmic pharmaceutical company developing a novel, vision restoring small molecule platform- WALTHAM, Mass., July 26, 2021 (GLOBE NEWSWIRE) — EyeGate Pharmaceuticals, Inc. (NASDAQ: EYEG), (“EyeGate” or the “Company”), a clinical-stage company developing and commercializing products for treating inflammatory and immune diseases with a focus on the eye and nervous system, today announced that Brian M Strem, Ph.D., Co-Founder, Director and former Chief Executive Officer of Okogen, Inc as well as Co-Founder and Managing Director of Bayon Therapeutics, was appointed as permanent President, Chief Executive Officer and board member, effective immediately. He brings strategic expertise, scientific acumen and drug development experience in ophthalmology,...

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today reported results for the quarter and six-month period ended June 30, 2021. For the second quarter of 2021, net income available to common stockholders per diluted share of common stock was $0.42 and Distributable Earnings (a non-GAAP financial measure defined below) and Distributable Earnings prior to realized losses and impairments on real estate owned and investments were $0.27 and $0.41 per share of common stock, respectively. Commenting on the financial results, Stuart Rothstein, Chief Executive Officer and President of the Company said: “ARI had an active and successful first half of 2021, committing to over $1.4 billion of transactions in the United States and Western Europe. We remained focused...

Call Scheduled for 11:00 a.m. Eastern Time on Friday, August 6, 2021 NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) will release its financial results for the second quarter ended June 30, 2021 on Thursday, August 5, 2021, after market close. The Company will host a conference call on Friday, August 6, 2021 at 11:00 a.m. Eastern Time to discuss these results.By Phone: To access the call, please dial (866) 757-5630 approximately 10 minutes prior to the start of the conference call and use the conference ID 4656216.     A replay of this conference call will be available from August 6 through August 13. The dial in number for the replay is (855) 859-2056 and the conference ID is 4656216.   By Webcast:  A live audio webcast of the conference call can be accessed...

HOUSTON, July 26, 2021 (GLOBE NEWSWIRE) — NCS Multistage Holdings, Inc. (“NCS” or the “Company”) (NASDAQ:NCSM) will host a conference call to discuss its second quarter 2021 results on Tuesday, August 3, 2021 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). NCS will issue its second quarter 2021 earnings release the evening prior to the conference call. To join the conference call from within the United States, participants may dial (844) 400-1696. To join the conference call from outside of the United States, participants may dial (703) 736-7385. The conference access code is 3454938. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. To listen via live webcast, please visit the Investors section of the Company’s website, www.ncsmultistage.com. An...

Second quarter 2021 earnings call and webcast are Wednesday, Aug. 4 RAPID CITY, S.D., July 26, 2021 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced that its board of directors declared a quarterly dividend on the common stock at a meeting held July 26, 2021. Common shareholders of record at the close of business on Aug. 18, 2021, will receive $0.565 per share, payable Sept. 1, 2021. The company also confirms that it will release its 2021 second quarter earnings after the market closes Tuesday, Aug. 3, 2021, and will host a live conference call and webcast at 11 a.m. EDT on Wednesday, Aug. 4, 2021, to discuss the company’s financial results. Access the live webcast at www.blackhillscorp.com under the “Investor Relations” heading. Select “Events & Presentations,” and click “Q2 2021 Earnings Conference Call.”...