Month: August 2021

VitalHub Increases Q2 2021 Revenue to $5.8M While Continuing to Improve on Financial Metrics Across the Business

Written by Customer Service on August 24, 2021. Posted in Earnings Releases And Operating Results.

TORONTO, Aug. 24, 2021 (GLOBE NEWSWIRE) — VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) announced today it has filed its Interim Condensed Consolidated Financial Statements and Management’s Discussion and Analysis report for the three and six months ended June 30, 2021 with the Canadian securities authorities. These documents may be viewed under the Company’s profile at www.sedar.com. When asked to comment on the results, VitalHub CEO Dan Matlow said, “With the constraints of COVID-19 in the background, we are very happy with the progress of the Company over the last 4 quarters. With the acquisition of Alamac Limited, our Annual Recurring Revenue (“ARR”) now exceeds a run-rate of $21 million. Notably, over the last four quarters the Company has added over $3.4 million in ARR organically. This represents a...

Huize to Acquire Leading Regional Insurance Agency Shengs Life & General to Accelerate its Online-to-Offline Integration and Open Platform Strategy

Written by Customer Service on August 24, 2021. Posted in Mergers And Acquisitions.

SHENZHEN, China, Aug. 24, 2021 (GLOBE NEWSWIRE) — Huize Holding Limited, (“Huize”, the “Company” or “we”, together with its subsidiaries, its consolidated variable interest entity and the subsidiaries of the consolidated variable interest entity the “Group”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that the Group has entered into a binding memorandum of understanding to acquire a controlling equity interest in Hubei Shengs Life & General Insurance Agency Co., Ltd. (“Shengs Life & General”), one of the leading regional insurance agency groups dedicated to distributing life and health insurance products. Pursuant to the binding memorandum of understanding by and among the Group, Shengs Life & General and current shareholders of Shengs...

Feel Foods Ltd. Appoints New CEO and Launches Rebrand Website

Written by Customer Service on August 24, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, Aug. 24, 2021 (GLOBE NEWSWIRE) — FEEL FOODS LTD. (the “COMPANY” or “FEEL”) (CSE: “FEEL”) (OTC: “FLLLF”) is pleased to announce the appointment of Mr. David Greenway as Chief Executive Officer and a Director of the Company effective immediately. Mr. Greenway brings to FEEL more than two decades of experience in corporate management, finance, and developing growth strategies for various TSX Venture Exchange and Canadian Securities Exchange listed companies, including involvement in acquisitions, business valuations and investor relations. Mr. Greenway acted as an Officer and Director of Mountain View Conservation Centre for over seven years, founded in 1986, this BC non-profit wildlife conservation facility was dedicated to saving rare and endangered wildlife species, including...

Firm Capital Apartment REIT Announces Voting Results at Annual and Special Meeting

Written by Customer Service on August 24, 2021. Posted in Public Companies.

TORONTO, Aug. 24, 2021 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (the “Trust”), (TSXV: FCA.UN), (TSXV: FCA.U) is pleased to report that at the annual and special meeting (the “Meeting”) of unitholders held earlier today, all trustee nominees were elected as trustees of the Trust, as follows:Nominee Votes “For” % Votes “For” Votes “No” % Votes “No” Votes “Withhold” % Votes “Withhold”Geoffrey Bledin 2,855,615 99.69% – – 9,034 0.31%Eli Dadouch 2,855,615 99.69% – – 9,034 0.31%Pat Di Capo 2,855,445 99.68% – – 9,204 0.32%Sandy Poklar 2,855,445 99.68% – – 9,204 0.32%Keith L. Ray 2,855,445 99.68% – – 9,204 0.32%Valentina Kalyk 2,855,615 99.69% – – 9,034 0.31%Howard Smuschkowitz 2,855,615 99.69% – – 9,034 0.31%Jonathan...

GWG Holdings Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)

Written by Customer Service on August 24, 2021. Posted in Public Companies.

DALLAS, Aug. 24, 2021 (GLOBE NEWSWIRE) — GWG Holdings, Inc. (Nasdaq: GWGH) today announced that it received a letter (the Letter) from the Listing Qualifications Department of the Nasdaq Stock Market (Nasdaq) notifying the company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended June 30, 2021 (the Form 10-Q). The Letter has no immediate effect on the listing or trading of GWGH’s common stock on the Nasdaq Capital Market. About GWG Holdings, Inc. (GWG)GWG Holdings, Inc. (Nasdaq: GWGH) is an innovative financial services firm based in Dallas that is a leader in providing investors with secondary market solutions. Through its subsidiaries, The Beneficient Company Group, L.P. and GWG Life, LLC, GWGH owns and...

Capital Southwest Corporation Prices Public Offering of $100 million 3.375% Notes due 2026

Written by Customer Service on August 24, 2021. Posted in Public Companies.

DALLAS, Aug. 24, 2021 (GLOBE NEWSWIRE) — Capital Southwest Corporation (NASDAQ: CSWC) (“Capital Southwest”, “we”, “us” and “our”) is pleased to announce that it has priced an underwritten public offering of $100 million in aggregate principal amount of 3.375% notes due 2026 (the “Notes”). The Notes will bear interest at a rate of 3.375% per year, payable semi-annually, will mature on October 1, 2026 and may be redeemed in whole or in part at Capital Southwest’s option at any time prior to July 1, 2026, at par plus a “make-whole” premium, and thereafter at par. The Notes will be issued at a price of 99.418% of the aggregate principal amount of the Notes, resulting in a yield-to-maturity of 3.5%. The offering is subject to customary closing conditions and is expected to close on August 27, 2021. Capital Southwest intends to use the...

21Vianet Group, Inc. Reports Unaudited Second Quarter 2021 Financial Results

Written by Customer Service on August 24, 2021. Posted in Earnings Releases And Operating Results.

BEIJING, Aug. 25, 2021 (GLOBE NEWSWIRE) — 21Vianet Group, Inc. (Nasdaq: VNET) (“21Vianet” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2021. The Company will hold a conference call at 8:00 P.M. on Tuesday, August 24, 2021, U.S. Eastern Time to discuss the financial results. Dial-in details are provided at the end of this release. Second Quarter 2021 Financial HighlightsNet revenues in the second quarter of 2021 increased by 30.8% to RMB1.50 billion (US$231.9 million) from RMB1.14 billion in the same period of 2020. Adjusted cash gross profit (non-GAAP) in the second quarter of 2021 increased by 36.9% to RMB640.2 million (US$99.2 million) from RMB467.6 million...

Timbercreek Financial Declares August 2021 Dividend

Written by Customer Service on August 24, 2021. Posted in Dividend Reports And Estimates.

TORONTO, Aug. 24, 2021 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that its board of directors (the “Board”) has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on September 15, 2021 to holders of Common Shares of record on August 31, 2021. The Company also offers a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees. Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98...

INDUS Announces Agreement to Acquire a 128,000 Square Foot Industrial/Logistics Building in Charlotte

Written by Customer Service on August 24, 2021. Posted in Mergers And Acquisitions.

NEW YORK, Aug. 24, 2021 (GLOBE NEWSWIRE) — INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS”), a U.S. based industrial/logistics REIT, announced today that it recently entered into an agreement (the “Purchase Agreement”) to acquire, for a purchase price of $14.6 million, before transaction costs, an approximately 128,000 square foot, fully-leased, industrial/logistics building in Charlotte, North Carolina (the “Charlotte Acquisition”). Under the terms of the Purchase Agreement, INDUS expects to close on the Charlotte Acquisition in the first part of the 2021 fourth quarter. Michael Gamzon, President and Chief Executive Officer of INDUS, commented, “We are pleased to have identified this off-market opportunity to expand our footprint in Charlotte. The building is well-located in one of Charlotte’s premier submarkets that has significant...

Berkshire Hills and Brown & Brown Announce Definitive Agreement to Sell Berkshire Insurance Group to Brown & Brown of Massachusetts

Written by Customer Service on August 24, 2021. Posted in Mergers And Acquisitions.

BOSTON, Aug. 24, 2021 (GLOBE NEWSWIRE) — Berkshire Hills Bancorp, Inc. (NYSE: BHLB) and Brown & Brown, Inc. (NYSE: BRO) today announced the execution of a definitive agreement for the sale of the assets and operations of Berkshire Insurance Group, Inc. (BIG), a subsidiary of Berkshire Hills, to Brown & Brown of Massachusetts, LLC, a subsidiary of Brown & Brown. The transaction is subject to customary conditions and is expected to be completed in the third quarter. BIG has been providing insurance coverage to customers across the Northeast since its inception in 2000, growing into one of the largest insurance agencies in Western Massachusetts. They provide personal and commercial property and casualty insurance solutions. “Consistent with Berkshire’s Exciting Strategic Transformation (BEST) program, this...

Month: August 2021

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