Day: July 27, 2021

Drone Services Market to Worth USD 134.89 Billion Forecast by 2028; Sony Launches Airpeak Drone Set to Strengthen Position, Says Fortune Business Insights™

Drone Services Market to Worth USD 134.89 Billion Forecast by 2028; Sony Launches Airpeak Drone Set to Strengthen Position, Says Fortune Business Insights™

Key companies covered in the drone services market are Aerodyne Group (U.S.), AgEagle Aerial Systems Inc. (U.S.), CYBERHAWK (U.K), Flirtey (U.S.), MATTERNET (U.S.), Phoenix Drone Services LLC (U.S.), Sky Futures (U.K), Skylark Drones (India), Terra Drone (Japan), Zipline (U.S.) and more players. profiled Pune, India, July 27, 2021 (GLOBE NEWSWIRE) — The global drone Services market size was USD 7.12 billion in 2020. The market is projected to grow from USD 9.56 billion in 2021 to USD 134.89 billion in 2028 at a CAGR of 45.9% in the 2021-2028 period. This information is published by Fortune Business Insights™, in its report, titled, “Drone Services Market Size, Share & COVID-19 Impact Analysis, By Type (Fixed-wing and Rotary-wing), By Application (Aerial Photography, Delivery & Pick up, Surveillance & Inspection,...

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Capital Bancorp Initiates Cash Dividend of $0.05 per Share 

Capital Bancorp Initiates Cash Dividend of $0.05 per Share 

ROCKVILLE, Md., July 27, 2021 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (NASDAQ: CBNK) (“Company”), the holding company of Capital Bank (“Bank”) announced today that following its second quarter diluted earnings per share of $0.68, the Board of Directors has declared a cash dividend on its common stock of $0.05 per share.  The dividend is payable on August 16, 2021 to shareholders of record as of July 30, 2021. “I am pleased to announce that our Board believes that our strong and consistent financial performance enables us to initiate a modest quarterly cash dividend to our shareholders,” said Steve Schwartz, Chairman of the Board of the Company. “The dividend demonstrates confidence in the Company’s performance outlook and our Board’s commitment to enhancing shareholder value. Asset quality, liquidity, and capital are...

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Form S-4 Registration Statement for Proposed Merger of Net Element with Mullen Automotive is Declared Effective by the SEC

Form S-4 Registration Statement for Proposed Merger of Net Element with Mullen Automotive is Declared Effective by the SEC

Special Meeting of Stockholders Scheduled for August 26, 2021 to Vote on the Merger MIAMI, July 27, 2021 (GLOBE NEWSWIRE) — via InvestorWire – Net Element, Inc. (NASDAQ:NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that supports electronic payments, announced today that in connection with the proposed merger of the Company with Mullen Automotive, Inc. (“Mullen”), a privately-held Southern California-based electric vehicle (EV) company (the “Merger”) the registration statement on Form S-4 (File No. 333-256166) (the “Registration Statement”) was declared “effective” by the U.S. Securities and Exchange Commission (the “SEC”) on July 26, 2021. A Special Meeting of Net Element stockholders to vote on the Merger is scheduled to be held in person on August 26, 2021...

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GameSquare Esports Closes the Acquisition of Cut+Sew/Zoned, a Gaming and Lifestyle Marketing Agency

GameSquare Esports Closes the Acquisition of Cut+Sew/Zoned, a Gaming and Lifestyle Marketing Agency

TORONTO, July 27, 2021 (GLOBE NEWSWIRE) — GameSquare Esports Inc. (CSE: GSQ; FRA: 29Q1) (“GameSquare”, “GameSquare Esports” or the “Company”), an international gaming and esports company, is pleased to announce that it has closed the previously announced acquisition of 100% of the issued and outstanding membership units of Swingman LLC. (dba Cut+Sew and Zoned) (“Swingman” or “Cut+Sew/Zoned”), a privately held marketing agency operating in the sports and esports industries (the “Transaction”). Please see the Company’s press release dated July 15, 2021 for more information about the Transaction, which is available on the Company’s profiles at www.sedar.com and www.theCSE.com. “Cut+Sew/Zoned is an exciting company that operates at the intersection of gaming, sports and new media,” said Justin Kenna, CEO at GameSquare. “We are excited...

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Ring Energy Schedules Second Quarter 2021 Earnings Release and Conference Call

Ring Energy Schedules Second Quarter 2021 Earnings Release and Conference Call

THE WOODLANDS, Texas, July 27, 2021 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its second quarter 2021 earnings release and conference call. The Company will issue its second quarter 2021 earnings release on Monday, August 9, 2021 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Tuesday morning, August 10, 2021 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time.) Interested parties in the United States may participate toll-free by dialing (833) 953-2433. International parties may dial (412) 317-5762. Participants should ask to be joined to the “Ring Energy Second Quarter 2021 Conference Call.” This call will also be webcast on Ring’s website at www.ringenergy.com under the...

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CVB Financial Corp. and Suncrest Bank Announce Agreement to Merge

CVB Financial Corp. and Suncrest Bank Announce Agreement to Merge

Highlights of Announced Transaction Citizens Business Bank (“Citizens”) deepens presence in Central California and expands north to Sacramento – one of California’s largest deposit markets Suncrest Bank is a fast growing commercial bank with a diversified loan portfolio and strong base of customer deposits Citizens’ second largest acquisition will add scale and market share to improve Citizens’ competitive position and operating leverage ONTARIO, Calif. & VISALIA, Calif., July 27, 2021 (GLOBE NEWSWIRE) — CVB Financial Corp. (Nasdaq: CVBF) and Suncrest Bank (OTCQX: SBKK) announced today that they have entered into an agreement and plan of reorganization and merger (the “Agreement”), pursuant to which Suncrest will merge with and into Citizens in a stock and cash transaction valued at approximately $204 million in aggregate...

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Horizon Bancorp, Inc. Announces Strong Second Quarter 2021 Financial Results Including EPS of $0.50

Horizon Bancorp, Inc. Announces Strong Second Quarter 2021 Financial Results Including EPS of $0.50

MICHIGAN CITY, Ind., July 27, 2021 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced its unaudited financial results for the three and six months ending June 30, 2021. “Horizon achieved strong earnings in the second quarter, along with increased non–interest income, stable net interest income, lower deposit costs and strong asset quality metrics,” Chairman and CEO Craig M. Dwight said. “With an improving commercial lending pipeline, and ample liquidity and capital, Horizon is very well positioned for loan growth more in line with historic levels in a recovering economy. We also continue to focus on disciplined management of our highly efficient operations and initiated plans to consolidate 10 locations this summer, reassigning employees to other open positions and investing savings...

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Belong Acquisition Corp. Announces Completion of $150,000,000 Initial Public Offering

Belong Acquisition Corp. Announces Completion of $150,000,000 Initial Public Offering

PHILADELPHIA, PA, July 27, 2021 (GLOBE NEWSWIRE) — Belong Acquisition Corp. (NASDAQ:BLNGU) (the “Company”), a special purpose acquisition company formed for the purpose of acquiring or merging with one or more businesses, today completed its initial public offering of 15,000,000 units at a price of $10.00 per unit for gross proceeds to the Company of $150,000,000. The Company’s units began trading on July 23, 2021 on the Nasdaq Capital Market under the symbol “BLNGU”. Each unit issued in the offering consists of one share of Class A common stock of the Company and one-half of one warrant, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common shares and warrants are expected...

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Kirby Corporation Announces New Director of the Board Shawn D. Williams

Kirby Corporation Announces New Director of the Board Shawn D. Williams

HOUSTON, July 27, 2021 (GLOBE NEWSWIRE) — Kirby Corporation (“Kirby”) (NYSE: KEX) today announced the appointment of Shawn D. Williams as a new independent member of the Kirby Board of Directors effective July 27, 2021. Mr. Williams has an extensive background in the chemicals industry with professional and board experience, and Kirby is pleased to welcome him to its Board of Directors. Since June 2021, Mr. Williams has served as the Chairman of the Board of Managers and Acting Chief Executive Officer of Covia Holdings LLC, a provider of minerals-based solutions serving the industrial and energy markets. Prior to his appointment as Acting Chief Executive Officer, Mr. Williams was Chairman of the Board of Managers and also a member of the Audit Committee and Compensation Committee. Prior to joining Covia Holdings, Mr....

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Sysco to Release Fourth Quarter and Fiscal Year 2021 Financial Results on August 10

Sysco to Release Fourth Quarter and Fiscal Year 2021 Financial Results on August 10

HOUSTON, July 27, 2021 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its fourth quarter and fiscal year 2021 financial results at 10 a.m. (Eastern) on Tuesday, August 10, 2021. All interested parties are invited to listen online at investors.sysco.com. Prior to the conference call and webcast, the company will also issue a news release and post a slide presentation in the investor relations section of its website. A replay of the webcast will be available online shortly after the live webcast is completed. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations section of its website, found at investors.sysco.com, as the primary channel for publishing key information to its investors, some of which may contain material and...

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