Seacoast Completes Acquisition of Legacy Bank of Florida

Written by Customer Service on August 6, 2021. Posted in Mergers And Acquisitions.

Significantly Expands Seacoast’s Presence in the Dynamic Palm Beach and Broward County Marketplaces STUART, Fla., Aug. 06, 2021 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (NASDAQ: SBCF) (“Seacoast”), the holding company for Seacoast National Bank (“Seacoast Bank”), announced today the completion of its acquisition of Legacy Bank of Florida (“Legacy Bank”), effective August 6, 2021, pursuant to the merger of Legacy Bank with and into Seacoast Bank. Under the terms of the merger agreement, Legacy Bank shareholders received 0.1703 shares of Seacoast common stock for each share of Legacy Bank common stock held immediately prior to the merger, and Legacy Bank option holders received options to purchase Seacoast common stock, with the number of shares underlying each such option and...

Flow Capital Announces Completion of a C$3.6 Million Redemption and a US$2.8 Million Financing by Flow Priority Return Fund II LP

Written by Customer Service on August 6, 2021. Posted in Public Companies.

TORONTO, Aug. 06, 2021 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”) announces that it has completed a redemption of C$3.6 million (“Redemption Amount”) and has raised an additional US$2.8 million (“Investment Amount”), against the issuance of Class G Units (“Transaction”) in its Flow Priority Return Fund II LP (“LP II” or “Fund II”). Under the Transaction, a collection of institutional and high net worth investors have subscribed for Class G senior units of Fund II. A majority of the existing LP investors opted to reinvest their share of the Redemption Amount and several also opted to top-up their investment. In exchange for the Investment Amount, the Company has granted to Fund II a royalty interest in 7 of the Company’s existing investments (the “Underlying Royalty Contracts“)....

FTC Solar Announces Individual Waiver of Certain Lockup Restriction

Written by Customer Service on August 6, 2021. Posted in Public Companies.

AUSTIN, Texas, Aug. 06, 2021 (GLOBE NEWSWIRE) — FTC Solar, Inc. (Nasdaq: FTCI), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that a large shareholder and director of the Company has received a limited waiver from the representatives of the Company’s underwriters under a Lock-Up Letter Agreement that was entered into in connection with the Company’s initial public offering. The waiver is to permit such shareholder to pledge common stock in the Company as collateral for a margin loan, and does not otherwise permit such shareholder to sell common stock prior to the end of the lockup period. The waiver will take effect on August 10, 2021 and the shares of common stock may be pledged on or after such date. This press release is not an offer for sale of the securities in...

Kayne Anderson Energy Infrastructure Fund Enters Into $50 Million Unsecured Term Loan

Written by Customer Service on August 6, 2021. Posted in Public Companies.

HOUSTON, Aug. 06, 2021 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today that it entered into a $50 million unsecured term loan agreement (“Term Loan”) with Sumitomo Mitsui Banking Corporation (SMBC). The Term Loan has a three-year term, maturing August 6, 2024. Proceeds from the Term Loan will be used to repay outstanding indebtedness and for general corporate purposes. The Company will pay a fixed interest rate of 1.735% on $25 million of the Term Loan. The remaining $25 million of the Term Loan will accrue interest daily at a rate of LIBOR plus 1.30%. Amounts repaid under the Term Loan cannot be reborrowed. A copy of the Term Loan agreement is available on the Company’s website at kaynefunds.com/kyn/#resources. Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:...

Kayne Anderson NextGen Energy & Infrastructure Enters Into $20 Million Unsecured Credit Facility

Written by Customer Service on August 6, 2021. Posted in Public Companies.

HOUSTON, Aug. 06, 2021 (GLOBE NEWSWIRE) — Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) announced that it entered into a $20 million unsecured revolving credit facility (“Bank Facility”) with Sumitomo Mitsui Banking Corporation (SMBC). The three-year Bank Facility matures on August 6, 2024, and borrowings under the Bank Facility will bear interest at a rate of 1-month LIBOR plus 1.35%. The Fund will pay a commitment fee of 0.20% per annum on any unused amounts of the Bank Facility. As of August 6, 2021, the Fund did not have any borrowings under the Bank Facility. A copy of the credit agreement is available on the Fund’s website at kaynefunds.com/kmf/#resources. Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end management investment company...

Pineapple Inc. Purchases 50% Equity Stake in Palm Springs, CA Dispensary Branded Pineapple Express

Written by Customer Service on August 6, 2021. Posted in Public Companies.

Company Brands the Dispensary as ‘Pineapple Express’ which will complement other Pineapple Express locations opening soon LOS ANGELES, CA, Aug. 06, 2021 (GLOBE NEWSWIRE) — PINEAPPLE, INC. (OTC Grey: PNPL) (the “Company” or “Pineapple”), a publicly traded company in the legal cannabis industry with a portfolio of assets spanning operational management, technology, IP licensing, cannabis property rentals, and equity ownership in cannabis retail and production facilities, announced today that it purchased a 50% equity interest in Capital Growth Investments, Inc. and branded as Pineapple Express (“CGI”), a Palm Springs licensed dispensary, delivery, and manufacturing facility spanning 6000 sq ft in downtown Palm Springs, CA. The exact address of the new dispensary is 695 S. Williams Rd. Palm Springs, CA 92264. The deal was executed...

HV Bancorp, Inc. Reports Results for the Quarter Ended June 30, 2021

Written by Customer Service on August 6, 2021. Posted in Public Companies.

DOYLESTOWN, Pa., Aug. 06, 2021 (GLOBE NEWSWIRE) — HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the Company for the quarter and six months ended June 30, 2021. Net income for the quarter ended June 30, 2021 was $1.3 million or ($0.65 per basic share and $0.63 per diluted share) versus net income of $1.5 million or ($0.73 per basic and diluted shares), for the quarter ended June 30, 2020. Net income for the six months ended June 30, 2021 was $2.6 million ($1.30 per basic share and $1.27 per diluted share) versus net income of $1.6 million ($0.80 per basic and diluted shares) for the six months ended June 30, 2020. At June 30, 2021, the Company had total assets of $548.6 million (29.2% increase over second quarter...

Ecoark Announces Closing of $20 Million Registered Direct Offering Priced at a Premium to Market

Written by Customer Service on August 6, 2021. Posted in Public Companies.

SAN ANTONIO, Aug. 06, 2021 (GLOBE NEWSWIRE) — Ecoark Holdings, Inc. (“Ecoark”) (NASDAQ: ZEST), today announced that it has closed its previously announced registered direct offering priced at-the-market under Nasdaq rules for the sale of an aggregate of 3,478,261 shares of its common stock and warrants to purchase up to an aggregate of 3,478,261 shares of its common stock at a purchase price of $5.75 per share of common stock and related warrant. The warrants have an exercise price of $5.75 per share, will become exercisable upon the Company increasing its authorized capital stock to 40 million shares, and will expire three and half (3.5) years following the date the warrants first become exercisable. H.C. Wainwright & Co. acted the exclusive placement agent for the offering. The gross proceeds from the offering were approximately...

Star Equity Holdings, Inc. Appoints John Gildea to its Board of Directors

Written by Customer Service on August 6, 2021. Posted in Public Companies.

OLD GREENWICH, Conn., Aug. 06, 2021 (GLOBE NEWSWIRE) — Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified, multi-industry holding company with three business divisions, Healthcare, Construction, and Investments, announced today the appointment of John W. Gildea to its Board of Directors, effective immediately. Mr. Gildea’s appointment as independent director expands Star Equity’s Board to six members. Mr. Gildea will also serve on the Audit Committee. Mr. Gildea brings over three decades of experience investing in special situation debt and equity of small to middle market companies. He is the founding partner of Gildea Management Co., a firm focused on sponsoring special situation investments in public and private companies in the United States and Central Europe. His previous experience...

Unitil Announces Closing of Public Offering of Common Stock

Written by Customer Service on August 6, 2021. Posted in Public Companies.

HAMPTON, N.H., Aug. 06, 2021 (GLOBE NEWSWIRE) — Unitil Corporation (NYSE: UTL) (www.unitil.com) announced today that it closed on its public offering of 800,000 newly issued shares of common stock pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission at a public offering price of $50.80 per share. Unitil intends to use the net proceeds from this offering of approximately $38.6 million (after deducting the underwriting discount and its estimated offering expenses) to make equity capital contributions to Unitil’s regulated utility subsidiaries, to repay debt and for general corporate purposes. Unitil also has granted the underwriters an option to purchase up to an additional 120,000 shares. RBC Capital Markets, LLC and BofA Securities acted as joint book-running managers...

Day: August 6, 2021

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