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Day: August 4, 2021

First Bank and OceanFirst Bank Announce Definitive Agreement for First Bank to Acquire Two Branch Locations in Central New Jersey Region

Transaction to include approximately $124 million in deposits and $14 million of loans, based on June 30, 2021 balances HAMILTON, N.J. and RED BANK, N.J., Aug. 04, 2021 (GLOBE NEWSWIRE) — First Bank (NASDAQ: FRBA) and OceanFirst Bank, N.A. (“OceanFirst Bank”), the banking subsidiary of OceanFirst Financial Corp. (“OceanFirst”) (NASDAQ: OCFC), today announced the execution of a definitive agreement whereby First Bank will acquire two New Jersey branch locations from OceanFirst Bank. The terms of the agreement provide for First Bank to acquire the owned premises and equipment, all deposits associated with the branches, which totaled approximately $124 million as of June 30, 2021, as well as selected performing loans totaling approximately $14 million as of June 30, 2021. The assets will be acquired at book value except for the owned...

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Amplify Energy Announces Second Quarter 2021 Results and Issues Updated Guidance

HOUSTON, Aug. 04, 2021 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the second quarter of 2021 and updated its full-year 2021 guidance. Key HighlightsDuring the second quarter of 2021, the Company:Achieved average total production of 25.3 MBoepd Generated net cash provided by operating activities of $20.8 million Delivered Adjusted EBITDA of $23.8 million Generated $9.5 million of free cash flowReceived full forgiveness from the U.S. Small Business Administration of the Company’s $5.5 million Paycheck Protection Program loan As of July 31, 2021, net debt was $214 million, inclusive of $21 million of cash on handNet Debt to Last Twelve Months (“LTM”) EBITDA of 2.3x1Updated the Company’s full-year 2021 guidance, materially increasing...

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OpGen Announces the Cancellation of Adjourned Portion of Annual Meeting

ROCKVILLE, Md., Aug. 04, 2021 (GLOBE NEWSWIRE) — OpGen, Inc. (Nasdaq: OPGN, “OpGen” or the “Company”), a precision medicine company harnessing the power of molecular diagnostics and informatics to help combat infectious disease, today announced that it has determined to withdraw from stockholder consideration Proposal 2 set forth in its Definitive Proxy Statement filed with the Securities and Exchange Commission on April 26, 2021, relating to an increase in the number of shares of capital stock authorized for issuance under the Company’s Amended and Restated Certificate of Incorporation. In light of the withdrawal of such proposal, the Company has determined to cancel the reconvening of the adjourned portion of its Annual Meeting of Stockholders for the consideration of Proposal 2, which was previously adjourned solely with respect...

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Teladoc Health to Participate in Canaccord Genuity Growth Conference

PURCHASE, NY, Aug. 04, 2021 (GLOBE NEWSWIRE) — Teladoc Health, Inc. (NYSE: TDOC), the global leader in whole-person virtual care, announced today that David Sides, chief operating officer, and Mala Murthy, chief financial officer, will participate in the Canaccord Genuity Growth Conference on August 11, 2021, at 1:00 p.m. ET. A live audio webcast and replay of the presentation will be available at http://ir.teladochealth.com/news-and-events/events-and-presentations/. About Teladoc HealthTeladoc Health empowers all people everywhere to live their healthiest lives by transforming the healthcare experience. As the world leader in whole-person virtual care, Teladoc Health uses proprietary health signals and personalized interactions to drive better health outcomes across the full continuum of care, at every stage in a person’s health...

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Ethan Allen Announces NYSE Ticker Symbol Change to ETD

DANBURY, CT, Aug. 04, 2021 (GLOBE NEWSWIRE) — Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETH) announced today that it will be changing its ticker symbol from “ETH” to “ETD”. Effective on Monday, August 16, 2021, the Company’s common shares will trade on the New York Stock Exchange (NYSE) under the new symbol “ETD”. Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “The Company is changing its ticker symbol to ETD, using the “D” for Design, to reflect our focus on interior design and the personal services of our design professionals throughout our global retail network of over 300 design centers. We also believe this change will better differentiate Ethan Allen news from Ethereum news in search results, as Ethereum is often abbreviated as ETH.” No action is required by existing Ethan Allen...

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Paratek Pharmaceuticals Announces NUZYRA® (omadacycline) Has Been Added to the CDC Plague Guidelines for the Treatment, Pre-Exposure and Postexposure Prophylaxis of Plague

BOSTON, Aug. 04, 2021 (GLOBE NEWSWIRE) — Paratek Pharmaceuticals, Inc. (Nasdaq: PRTK), a commercial-stage biopharmaceutical company focused on the development and commercialization of novel life-saving therapies for life-threatening diseases and for other public health threats for civilian, government and military use, today announced that the Company’s novel, once-daily oral and intravenous antibiotic NUZYRA® (omadacycline) has recently been added to the Center for Disease Control and Prevention’s (CDC) updated report, “Antimicrobial Treatment and Prophylaxis of Plague: Recommendations for Naturally Acquired Infections and Bioterrorism Response”. NUZYRA was added as an alternative agent for the treatment, pre-exposure prophylaxis, and postexposure prophylaxis of primary bubonic and pharyngeal plague infections in adults 18 years...

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Laredo Petroleum Announces Second-Quarter 2021 Financial and Operating Results

TULSA, OK, Aug. 04, 2021 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced its second-quarter 2021 financial and operating results. Second-Quarter 2021 HighlightsAnnounced agreements to purchase the assets of Sabalo Energy, LLC (“Sabalo”) and divest of 37.5% of the Company’s legacy proved developed producing reserves, transforming Laredo’s expected future production mix and Free Cash Flow1 trajectory Incurred capital expenditures of $95 million, excluding non-budgeted acquisitions and leasehold expenditures, and completed 16 wells during second-quarter 2021 Completed and began flowing back the 13-well Davis package in Howard County, the Company’s third Howard County development package and first developed on wider spacing Produced...

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The RealReal Provides Monthly Business Update

SAN FRANCISCO, Aug. 04, 2021 (GLOBE NEWSWIRE) — The RealReal (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—today provided a business update. July Gross Merchandise Volume (GMV) was approximately $116.6 million, an increase of 56% Y/Y and 53% compared to the same period in 2019. In addition, July Average Order Value (AOV) was approximately $502, an increase of 13% Y/Y and 16% compared to the same period in 2019. The COVID-19 pandemic continues to change consumer and business behavior in ways that are difficult to predict. The RealReal believes that disclosing monthly GMV and AOV will provide additional transparency regarding the effects of the COVID-19 pandemic on its business. Consistent with SEC guidance regarding the impacts of the COVID-19 pandemic, the company intends to provide...

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African Gold Group Appoints Douglas Jendry to the Board of Directors

TORONTO, Aug. 04, 2021 (GLOBE NEWSWIRE) — African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce the appointment of Douglas Jendry to the Board of Directors (the “Board”) of the Company. Mr. Jendry is an accomplished executive with over 30 years of international experience in mining and capital markets. Mr. Jendry has been involved as an executive and non-executive director for several mining companies with particular focus on companies listed in Australia and London. He has served as Chairman of Capricorn Metals and Talon Energy and Chief Executive Officer of Impress Energy and has graduated from Murdoch University as a geologist. Danny Callow, CEO of African Gold Group, commented: “On behalf of the Board and the Company, we are pleased to welcome Douglas Jendry to African Gold Group. Mr. Jendry...

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Ormat Technologies Reports Second Quarter 2021 Financial Results

Continues to Deliver Top Line Growth in Electricity and Energy Storage Segments Increases 2021 Revenue Annual Guidance, Reflecting Contributions From Recently Acquired Geothermal Assets Increased Product Segment Backlog to $59 Million RENO, Nev., Aug. 04, 2021 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the second quarter ended June 30, 2021. KEY FINANCIAL RESULTS  Q2 2021 Q2 2020 Change (%) H1 2021 H1 2020 Change (%)  GAAP Measures                  Revenues ($ millions)              Electricity 133.9   128.7     4.0   % 278.9   271.5     2.7   %  Product 7.4   43.7     (83.0 ) % 16.1   91.1     (82.4 ) %  Energy Storage 5.6   2.5     123.8   % 18.3   4.4     320.8   %  Total Revenues 146.9   174.9     (16.0 ) % 313.3   367.0     (14.6 ) %                 Gross...

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