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Month: August 2021

Chart Industries Announces the Formation of ChartWater™ Division Within Specialty Products

ATLANTA, Aug. 05, 2021 (GLOBE NEWSWIRE) — Chart Industries, Inc. (“Chart”) (NYSE: GTLS) announced today the formation of ChartWater™, a division of Chart Industries within the Specialty Products segment, focused on leveraging its core engineering and manufacturing expertise along with its global footprint, to bring additional innovative water treatment solutions to market. ChartWater™ further solidifies Chart’s position in the growing water treatment space while establishing the framework for organic and inorganic expansion as it continues to invest in growth platforms focused on providing sustainable solutions for a wide variety of industries and applications. “We recognize the importance and magnitude of the challenges at the nexus of society’s clean energy and clean water needs globally,” said Chart Industries CEO and President...

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22nd Century Group to Begin Trading on Nasdaq on August 16, 2021

BUFFALO, N.Y., Aug. 05, 2021 (GLOBE NEWSWIRE) — 22nd Century Group, Inc. (NYSE American: XXII), a leading plant-based, biotechnology company focused on tobacco harm reduction, reduced nicotine tobacco, and hemp/cannabis research, announced today that its common stock has been approved for uplisting to the Nasdaq Capital Market effective as of the market open on August 16, 2021. The shares will continue to trade under the ticker symbol “XXII.” “While remaining dedicated to our primary mission to reduce the harm caused by smoking, uplisting to the Nasdaq also aligns 22nd Century with other high-achieving, innovative, and growth-oriented global science and technology companies,” said James A. Mish, chief executive officer of 22nd Century Group. “We believe that joining the Nasdaq will enhance our visibility to a wide audience of institutional...

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HCI Group Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering of TypTap Insurance Group, Inc.

TAMPA, Fla., Aug. 05, 2021 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI) today announced that its subsidiary, TypTap Insurance Group, Inc., has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of TypTap’s common stock. The size and price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the completion of the SEC review process, subject to market and other conditions. There is no assurance that the initial public offering will be completed. This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the “Securities Act”) and does not constitute an offer to sell, or the solicitation...

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Certara to Acquire Pinnacle 21, a Leader in Data Standardization Software for Pharmaceutical Clinical Data

Transaction expected to be accretive to Certara’s revenue, revenue growth and adjusted EBITDA margin PRINCETON, N.J., Aug. 05, 2021 (GLOBE NEWSWIRE) — Certara, Inc. (Nasdaq: CERT), a global leader in biosimulation, today announced it has signed a definitive agreement to acquire Pinnacle 21 for $310 million in cash and stock. Pinnacle 21’s software tools are used to validate compliance to the Clinical Data Interchange Standards Consortium (CDISC) standards, which is required by the US Food & Drug Administration (FDA) and Japan’s Pharmaceuticals and Medical Devices Agency (PMDA) for drug submissions and preferred by China’s National Medical Products Administration (NMPA). “We are excited to welcome Pinnacle 21 to Certara as we execute on our strategy to invest in innovation to increase the use cases of biosimulation and grow...

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Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Aug. 05, 2021 (GLOBE NEWSWIRE) — Brookfield Property Partners (“BPY” or the “Partnership”) announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO and BPYPN preferred units of $0.40625 per unit, $0.39844 per unit and $0.35938 per unit, respectively, payable on September 30, 2021, to holders of record at the close of business on September 1, 2021. In addition, the distributions on the new series of preferred units of Brookfield Property Preferred L.P. (NASDAQ: BPYPM; TSX: BPYP.PR.A) are cumulative from the date of original issue (July 26, 2021) and are payable quarterly in arrears. The Board of Directors has declared the pro-rated initial distribution on...

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STRATTEC SECURITY CORPORATION Reports Fiscal 2021 Fourth Quarter and Record Full Year Operating Results

MILWAUKEE, Aug. 05, 2021 (GLOBE NEWSWIRE) — STRATTEC SECURITY CORPORATION (NASDAQ:STRT) today reported operating results for the fiscal fourth quarter and full year ended June 27, 2021. The comparative prior year fourth quarter operating results were significantly impacted by the COVID-19 virus which is further described in this press release. Fourth Quarter Overview Net sales for the Company’s fourth quarter ended June 27, 2021 were $110.1 million, compared to net sales of $42.1 million for the fourth quarter ended June 28, 2020. Net income for the current year quarterly period was $2.9 million, compared to a net loss of $10.5 million in the prior year fourth quarter. Diluted earnings per share for the current year quarterly period were $0.75 compared to diluted loss per share of $2.80 in the prior year quarter. Both the current...

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Research Frontiers Reports Second Quarter 2021 Financial Results

Management to Host Conference Call at 4:30 p.m. WOODBURY, N.Y., Aug. 05, 2021 (GLOBE NEWSWIRE) — Research Frontiers Inc. (Nasdaq: REFR) announced its financial results for its second quarter of 2021. Management will host a conference call today at 4:30 p.m. Eastern Time to discuss its financial and operating results as well as recent developments and projects for its SPD-SmartGlass light-control technology.Who: Joseph M. Harary, President & CEO Date/Time: August 5, 2021, 4:30 PM ET Dial-in Information: 1-888-334-5785 Replay: Available on Friday, August 6, 2021 for 90 days at SmartGlass-IR.comKey Comments:Fee income from licensing activities for the six months ended June 30, 2021 was $327,060. Lower fees in the automotive and aircraft markets as production of certain Daimler vehicles was curtailed due to the COVID-19...

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Latch to Present at KeyBanc Technology Conference

NEW YORK, Aug. 05, 2021 (GLOBE NEWSWIRE) — Latch, Inc. (NASDAQ: LTCH) (“Latch” or the “Company”), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced its scheduled participation at the following upcoming investor event:KeyBanc Future of Technology Series Conference: Luke Schoenfelder (Co-founder, CEO, and Chairman of the Board of Directors) is scheduled to present at the KeyBanc Future of Technology Series Conference at 2:30pm ET on Monday, August 9, 2021. Individuals may access the live broadcast of the presentation here.About Latch, Inc. Latch makes spaces better places to live, work, and visit through a system of software, devices, and services. More than one in ten new apartments in the U.S. are currently being built with Latch products, serving customers in more than 39...

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Apollo Investment Corporation Reports Financial Results for the Quarter Ended June 30, 2021

Fiscal First Quarter and Other Recent Highlights:Net investment income per share for the quarter was $0.39 compared to $0.39 for the quarter ended March 31, 2021Net asset value per share as of the end of the quarter was $16.02 compared to $15.88 as of March 31, 2021, an increase of 0.9% driven primarily by net appreciation on the corporate lending portfolio(1)New investment commitments made during the quarter totaled $332 million(2)Gross fundings during the quarter totaled $295 million(3) consisting of $230 million of term loans and $65 million of revolversGross exits during the quarter totaled $266 million primarily consisting of $189 million of term loan repayments and $77 million of gross revolver paydownsNet fundings during the quarter totaled $29 million primarily consisting of $41 million of net term loan fundings and...

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Gritstone Reports Second Quarter 2021 Financial Results and Business Update

GRANITE Phase 1/2 data of individualized neoantigen immunotherapy in advanced solid tumors accepted for mini- oral presentation at ESMO 2021 Gritstone-sponsored CORAL (second-generation SARS-CoV-2 vaccine) studies to launch before year-end in select populations Cash, cash equivalents, marketable securities and restricted cash of $176.2 million as of June 30, 2021EMERYVILLE, Calif., Aug. 05, 2021 (GLOBE NEWSWIRE) — Gritstone bio, Inc. (Nasdaq: GRTS), a clinical-stage biotechnology company developing next generation cancer and infectious disease immunotherapies, today reported financial results for the second quarter ended June 30, 2021 and reviewed business highlights. “The Gritstone team has made significant progress across both our clinical-stage oncology and infectious disease programs using our proprietary Gritstone EDGE™...

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