Month: August 2021

TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) — Worksport Ltd. (OTC: WKSP) (“Worksport” or the “Company”), a company that designs and distributes pickup truck covers called tonneau covers throughout the United States and Canada, including Tonneau covers that provide security and protection for cargo to personal pickup truck owners, today announced the pricing of its underwritten public offering of 3,272,727 units at a price to the public of $5.50 per unit. Each unit issued in the offering consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $6.05. The common stock and warrants are immediately separable and will be issued separately. The common stock and warrants are expected to begin trading on the Nasdaq Capital Market on August 4, 2021, under the symbols “WKSP” and “WKSPW,”...

BANNOCKBURN, Ill., Aug. 03, 2021 (GLOBE NEWSWIRE) — Option Care Health, Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH) announced today that an affiliate of Madison Dearborn Partners (the “Selling Stockholder”) has agreed to sell 18,000,000 shares of the Company’s common stock at a price to the public of $20.25 per share in an underwritten public offering. The number of shares of common stock to be sold was increased to 18,000,000 shares from the previously announced 15,000,000 shares. The Selling Stockholder has also granted the underwriter a 30-day option to purchase up to 2,700,000 additional shares of common stock. The offering is expected to close on August 5, 2021, subject to customary closing conditions. The Company will not receive any proceeds from the offering. This sale of shares represents approximately...

2Q 2021 revenue of $29.6 million 2Q 2021 total tons sold of approximately 767,000 2Q 2021 net cash provided by operating activities of $32.6 million 2Q 2021 free cash flow of $29.7 millionTHE WOODLANDS, Texas, Aug. 03, 2021 (GLOBE NEWSWIRE) — Smart Sand, Inc. (NASDAQ: SND) (the “Company” or “Smart Sand”), a fully integrated frac sand supply and services company, a low-cost producer of high quality Northern White raw frac sand and provider of proppant logistics solutions through both its in-basin transloading terminal and SmartSystems™ products and services, today announced results for the second quarter 2021. Charles Young, Smart Sand’s Chief Executive Officer, stated “We are pleased to have put the U.S. Well Service lawsuit behind us with the favorable judgement and our negotiated settlement of $35 million in cash. This brings...

Achieved Second Quarter 2021 Average Total Production of 23,035 BOPD, Up 14% Year-Over-Year Reaffirms 2021 Full-Year Production Guidance of 27,500-28,500 BOPD and Capital Program of $130-150 MillionReaffirms 2021 Full-Year Budget Guidance: Cash Flow2 of $215-235 Million, Free Cash Flow2 of $75-95 Million, EBITDA1 of $265-285 MillionForecasts Second Half 2021 Free Cash Flow2 of $100-120 MillionCredit Facility Balance Paid Down To $175 MillionCALGARY, Alberta, Aug. 03, 2021 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the Company’s financial and operating results for the quarter ended June 30, 2021 (“the Quarter“). All dollar amounts are in United States dollars and production amounts are on an average...

HOUSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the second quarter 2021. Key highlights included:Produced 40,888 barrels of oil equivalent per day (“Boe/d”), or 3.7 million Boe (45% liquids), in the second quarter of 2021, above the midpoint of W&T’s guidance range and reflecting a 3% increase from the first quarter of 2021; Reported net loss of $51.7 million or $0.36 per share and Adjusted Net Income1 of $2.2 million or $0.02 per share in the second quarter of 2021; Generated Adjusted EBITDA1 of $49.8 million for the second quarter of 2021; Generated Free Cash Flow1 of $18.7 million in the second quarter of 2021; for the first half of 2021 W&T has generated $58.7 million of free cash flow; Reported mid-year...

NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) — Mercer International Inc. (Nasdaq: MERC). The Company is pleased to announce that today it received approval from the applicable Bankruptcy Court for a sales Order approving the acquisition by its wholly-owned subsidiary of a state-of-the-art CLT manufacturing facility located at Spokane, Washington (the “Facility”) for a price of $50 million, subject to customary adjustments. The closing of the sale is scheduled to occur shortly. About the Facility: The Facility:is located on 54 acres of land near Spokane and has an area of about 270,000 square feet; is equipped with state-of-the-art extensive automation technologies including one of the largest CLT presses in the world; has capacity of approximately:(a)      13 million sq. ft. of 5-ply panels annually or 140,000 cubic...

MADISON, Wis., Aug. 03, 2021 (GLOBE NEWSWIRE) — MADISON, Wis. — August 3, 2021 (GLOBE NEWSWIRE) — Sonic Foundry, Inc. (OTC Pink Sheets: SOFO), the trusted leader for video creation, management solutions as well as virtual and hybrid events, today announced that the company has obtained a new $3 million secured revolving credit facility with U.S. Bank National Association.   The new agreement maintains a maximum availability of $3 million or the applicable borrowing base and bears interest at an annual rate equal to the one-month LIBOR plus 1.35% through July 28, 2022.   “We are very pleased to announce the closing of our new revolving credit facility with U.S. Bank,” said Joe Mozden Jr., CEO, Sonic Foundry. “This new line of credit supports our vision and prospects for creating substantial growth by investing in new markets and...

TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF; Frankfurt:WIMN) (“EarthRenew” or the “Company”) today announced that its wholly owned subsidiary, Replenish Nutrients Ltd. (“Replenish”), which was acquired by EarthRenew on May 1, 2021, is reporting revenue for the period of January to June 30 2021 of $4.3 million. Replenish is also reporting revenue for the 12 month period July 2020 to June 2021 of $9 million. Since the closing of the acquisition, Replenish Nutrients reports $1.4 million in revenue.  CEO Keith Driver commented, “We continue to see the strategic growth from the Replenish Nutrients acquisition and the growth in revenue from regenerative agriculture inputs. We are moving ahead with the expansion of the Replenish’s Bieseker facility to expand production capacity in short order and...

CALGARY, Alberta, Aug. 03, 2021 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) is pleased to announce that it has entered into an agreement with its lenders to both extend and amend its credit facilities. The maturity date of STEP’s credit facilities has been extended by 13 months, from June 25, 2022 to July 30, 2023. As well, covenant relief provisions therein have been extended, permitting a maximum Funded Debt to EBITDA Ratio of 3.50:1, and a maximum Interest Coverage Ratio covenant of 3.00:1, for the fiscal quarter ending June 30, 2022. STEP’s Executive Vice President and Chief Financial Officer, Michael Kelly, commented, “We are very pleased with and thankful for the continued support of our banking partners. Debt reduction has been a focus for STEP and since October 2018 we have repaid almost $115 million, reducing...

First Quarter HighlightsRevenues increased 23.9% to $64.8 million from $52.3 million, reflecting the gradual easing of COVID-19 restrictions and the return to normal commercial operations Organic growth of close to 2.0% in Broadcast and Recurring Commercial Music revenues(1), excluding the impact of foreign exchange, and strong organic growth of 11.6% in the United States Adjusted EBITDA(2) decreased slightly to $24.2 million from $25.5 million Cash flow from operating activities decreased 57.0% to $16.3 million compared to $38.0 million Adjusted free cash flow(4) decreased 16.8% to $15.0 million, or $0.21 per share, compared to $18.0 million or $0.25 per share Net debt to Pro Forma Adjusted EBITDA(5) ratio of 2.88x 643,000 shares repurchased and cancelled during the quarter for a total of $4.7 million 572,000 streaming subscribers,...