Oportun announces closing of $600 million warehouse credit facility

Written by Customer Service on September 9, 2021. Posted in Public Companies.

Commitments from Morgan Stanley, Goldman Sachs, Jefferies and J.P. Morgan SAN CARLOS, Calif., Sept. 09, 2021 (GLOBE NEWSWIRE) — Oportun Financial Corporation (NASDAQ: OPRT), an A.I.-driven financial services and technology company that provides hardworking people with access to responsible and affordable credit, today announced the closing of a new warehouse credit facility of $600 million, backed by a portion of Oportun’s unsecured and secured personal loans. The new facility includes commitments from Morgan Stanley Bank, N.A., Goldman Sachs Bank USA, Jefferies Funding LLC, and JPMorgan Chase Bank, N.A. “Oportun has developed a novel approach to addressing financial inclusion, which is a serious and significant societal issue that other companies have struggled to address at scale,” said Oportun CEO Raul Vazquez. “Our lenders...

T2 Biosystems T2SARS-CoV-2™ Panel Proves Capable of Detecting the Mu B.1.621 and Iota B.1.526 Variants of the SARS-CoV-2 Virus

Written by Customer Service on September 9, 2021. Posted in Public Companies.

LEXINGTON, Mass., Sept. 09, 2021 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens, today announced that its T2SARS-CoV-2™ Panel—a molecular diagnostic test that detects SARS-CoV-2, the virus responsible for COVID-19 infections—is capable of detecting the Mu (B.1.621) and Iota (B.1.526) variants of the SARS-CoV-2 virus, which were recently confirmed to be present in the United States. “We are proud to announce our technology is capable of detecting additional COVID-19 variants including Mu and Iota, enabling healthcare providers with the confidence to make more informed decisions about their patients’ health,” said T2 Biosystems’ Chairman and CEO, John Sperzel. Like the variants identified in the United Kingdom (B.1.1.7), South Africa (B.1.351), and Brazil (P.1), the...

Ryman Hospitality Properties, Inc. Provides Investor Update Ahead of J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum

Written by Customer Service on September 9, 2021. Posted in Public Companies.

NASHVILLE, Tenn., Sept. 09, 2021 (GLOBE NEWSWIRE) — Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) today provided a business update and supplemental information. The supplement can be located on the Company’s website under Investor Relations Home / News & Events / Presentations & Transcripts (http://ir.rymanhp.com/index.php/events-and-presentations/presentations). About Ryman Hospitality Properties, Inc. Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company’s core holdings include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space. These convention center...

atai Life Sciences and Introspect Digital Therapeutics to test novel digital therapeutic approach in patients receiving ketamine for treatment resistant depression

Written by Customer Service on September 9, 2021. Posted in Public Companies.

BERLIN and SAN DIEGO, Sept. 09, 2021 (GLOBE NEWSWIRE) — atai Life Sciences (Nasdaq: ATAI) (“atai”), a clinical-stage biopharmaceutical company aiming to transform the treatment of mental health disorders, and its digital therapeutic platform Introspect Digital Therapeutics, Inc. (“Introspect”), today announced a usability study of Introspect’s digital therapeutic (DTx) app technology in support of standard of care ketamine therapy for patients with treatment resistant depression (TRD) in collaboration with Kadima Neuropsychiatry. TRD impacts 100 million people globally, close to a third of the 300 million diagnosed with depression, many of whom are geographically restricted in their ability to access in-person psychological care. Introspect’s DTx app approach to supported treatment in mental health will be integrated...

Gain Therapeutics to Present at 2021 International Virtual GM1 Community Conference

Written by Customer Service on September 9, 2021. Posted in Public Companies.

BETHESDA, Md., Sept. 09, 2021 (GLOBE NEWSWIRE) — Gain Therapeutics, Inc. (Nasdaq: GANX) (“Gain”, or the “Company”), a biotechnology company focused on identifying and optimizing allosteric binding sites never before targeted in neurodegenerative diseases and lysosomal storage disorders, today announced that Manolo Bellotto, Ph.D., General Manager and President at Gain, will present an overview on the Company’s proprietary Structurally Targeted Allosteric Regulators (STARs) for GM1 Gangliosidosis and Morquio B Disease. GM1 Virtual Community Conference Date: Tuesday, September 14th Time: 2:00pm PT/5:00pm ET Presenter: Manolo Bellotto, Ph.D., General Manager and President To register to attend the conference visit https://registration.socio.events/e/gm1 Morquio B, also known as Mucopolysaccharidosis type IV (MPS IV), is a...

NioBay Metals Announces Corporate Changes

Written by Customer Service on September 9, 2021. Posted in Public Companies.

MONTREAL, Sept. 09, 2021 (GLOBE NEWSWIRE) — NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF), a company focused on exploration, development and use of critical green metals with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus announced that Mr. Claude Dufresne President & CEO will be leaving the Company on September 30, 2021 to pursue a new venture in the up and coming and promising field of niobium battery technology. Mr. Dufresne will continue to be associated with NioBay as a consultant and member of the advisory board. Current NioBay Director since 2014, Mr. Jean-Sebastien David, will replace Mr. Dufresne as President & CEO. Mr. David was recently Chief Operating Officer of Arianne Phosphate Inc. He was instrumental in advancing the Lac à Paul...

MYR Group Inc. to Attend D.A. Davidson Virtual Investor Conference

Written by Customer Service on September 9, 2021. Posted in Public Companies.

HENDERSON, Colo., Sept. 09, 2021 (GLOBE NEWSWIRE) — MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and western Canada, announced it will attend the D.A. Davidson 20th Annual Diversified Industrials & Services Conference. MYR Group’s Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Betty Johnson, will virtually meet with institutional investors during the conference on Thursday, September 23, 2021. This event will only be available to D.A. Davidson clients. About MYR Group Inc.MYR Group is a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets throughout the United...

Porch Group Announces Two Strategic Acquisitions to Accelerate Its InsurTech Ambitions Across the U.S.

Written by Customer Service on September 9, 2021. Posted in Mergers And Acquisitions.

Executed Definitive Agreement to Acquire CSE Insurance, Expanding Porch’s InsurTech Business into California, Auto, and Umbrella, With an Expected Close in Q2 2022 Acquired American Home Protect, Making Strategic Expansion into the Home Warranty Market Increases Full Year 2021 Revenue Guidance from $184 million to $187.5 million, Representing Approximately 159% Year-over-Year Growth Total Annualized Revenue Impact Expected to be $40 million of High Margin Recurring Revenue with Migration to Capital Light Insurance Operating Model; Total Combined Purchase Price of Approximately $93 million SEATTLE, Sept. 09, 2021 (GLOBE NEWSWIRE) — Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a leading vertical software and InsurTech company reinventing the home services industry, today announced two strategic acquisitions to help...

MEDIA ALERT: Visit Andes Technology Corp. On-Line or In Person at the AI Hardware Summit Next Week

Written by Customer Service on September 9, 2021. Posted in Public Companies.

Mountain View, California, Sept. 09, 2021 (GLOBE NEWSWIRE) — What: The 2021 AI Hardware Summit is a virtual and in-person conference focusing on systems-level optimizations for specific AI workloads and results from novel AI acceleration technologies. Andes Technology will hold a virtual roundtable discussion, Thursday September 16 at 11:00 AM entitled “RISC-V Vector Processor Functionality for Large Scale Deep Learning Accelerators.” Roundtable participants will include John Min, Director of AE and Thang Tran, Principal Architect at Andes Technology Corp. and Dave Baker, Vice President of Digital Design at Luminous Computing. Who: Andes Technology Corp. will be showcasing its popular 27-Series 5-stage pipeline NX27V Vector, A(X)27, and A(X)27L2) RISC-V CPU and 8-stage pipeline 45-Series in-order superscalar N(X)45,...

Farmer Bros. Co. Reports Fourth Quarter and Fiscal 2021 Financial Results

Written by Customer Service on September 9, 2021. Posted in Public Companies.

NORTHLAKE, Texas, Sept. 09, 2021 (GLOBE NEWSWIRE) — Farmer Bros. Co. (NASDAQ: FARM) (the “Company”) today reported financial results for its fourth quarter and fiscal year ended June 30, 2021. Fourth Quarter Fiscal 2021 Highlights: Net sales were $102.9 million, an increase of $21.8 million, or 26.9%, from the prior year period due to notable improvement in the DSD channel compared to the prior year Gross margin increased to 27.6% from 19.2% in the prior year period, and was the highest gross margin quarter during fiscal 2021 Net loss was $4.0 million compared to a net loss of $9.7 million in the prior year period Adjusted EBITDA was $3.4 million compared to $0.7 million in the prior year period* As of June 30, 2021, total debt outstanding was $91.0 million and cash and cash equivalents was $10.3 million Negotiated new credit...

Day: September 9, 2021

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