Day: September 30, 2021
KNOXVILLE, Tenn., Sept. 30, 2021 (GLOBE NEWSWIRE) — SmartBank (the “Bank”), a subsidiary of SmartFinancial, Inc. (“SmartFinancial” or the “Company”; NASDAQ: SMBK), announced today that it has entered into a Purchase and Assumption Agreement, dated September 30, 2021, to sell a portfolio of loans and certain assets associated with its branch office located in Richmond, Virginia to Strasburg, Virginia-based First Bank.
The terms of the Purchase and Assumption Agreement provide for First Bank to acquire approximately $83 million in loans and, substantially all fixed assets related to the Bank’s Richmond branch, and First Bank will also assume the facility lease. The Bank will receive a premium based on a specific percentage of the loans sold, and fixed assets will be acquired at book value. Additionally, the SmartBank...
House of Kibaa engages Blockchain Foundry for sale of “GenZeroes & Rise of the X” NFT drop
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TORONTO, Sept. 30, 2021 (GLOBE NEWSWIRE) — Blockchain Foundry Inc. (“BCF”) (CSE:BCFN) has partnered with House of Kibaa (“HoK”) to support the creation and delivery of a generative art NFT drop. Dubbed “GenZeroes & Rise of the X”, the NFTs minted will act as digital collectible items as well as being exclusive memberships with unique benefits.
“We are very enthusiastic about extending our partnership with the experts at Blockchain Foundry. Mint your destiny with GenZeroes augmented reality generative art NFTs! GenZeroes & Rise of the X mints are gaining traction, and the private sale sold out in less than 7 minutes on Tuesday. We are looking forward to our public sale of 7000 exclusive & unique avatars, launching today on September 30th, 6PM PST,” said Jason Nguyen, CEO of House of Kibaa.
“House of Kibaa is taking...
TJP Labs Announces Acquisition of Drug Establishment Licensed Facility from North American Ingredients
Written by Customer Service on . Posted in Mergers And Acquisitions.
PICKERING, Ontario, Sept. 30, 2021 (GLOBE NEWSWIRE) — TJP Labs Inc. (“TJP Labs”), one of North America’s leading full-service contract manufacturers of next-generation nicotine products, announced today that it has, through a wholly owned subsidiary, acquired certain assets of North American Ingredients Inc. (“NAI”), including NAI’s Drug Establishment and cGMP compliant facility. The newly acquired facility is located in Scarborough, Ontario.
The acquisition is in line with TJP Labs’ plan to secure its modern oral nicotine pouch export capabilities and further augment its globally recognized expertise in full-service contract manufacturing in the next-generation nicotine space.
Speaking on the achievement, David Richmond-Peck, CEO of TJP Labs, said:
“We at TJP are incredibly excited...
First Financial Corporation Accelerates Branch Optimization Plan
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TERRE HAUTE, Ind., Sept. 30, 2021 (GLOBE NEWSWIRE) — First Financial Corporation (NASDAQ: THFF) (the “Company”) today announced plans to optimize its banking center network as part of a plan to improve operating efficiencies and accommodate changing customer preferences.
Subject to regulatory requirements, over the next two quarters the Company will close and consolidate nine of its eighty-one branches. These steps are in addition to the consolidation of its Terre Haute Maple Avenue and Plaza North branches into a new, efficient, state-of-the-art facility at Lafayette Avenue and Fort Harrison Road, which occurred earlier this year, bringing the total number of closed and consolidated branches by the end of the first quarter of 2022 to ten.
“Our customers are rapidly adopting our online banking platforms which provides us with an...
Trifork Labs acquires 40% of Develco with focus on the Smart Building business area
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Press release
Aarhus, 30 September, 2021 – Trifork, a provider of NextGen IT-services and solutions, has through its Labs business made a financial investment in Develco, that develops solutions within IoT (Internet of Things), wireless communication and embedding software in electronic devices, thereby supporting Trifork’s Smart Building business area. Trifork Labs, which acts as Trifork’s research and development arm through investments in innovative technology start-up companies, now holds a 40% share in Develco.
“There are rapid developments in intelligent digital solutions specifically in the construction industry and its broader applications. Solutions, that not only increase comfort and make life easier, but also solve problems we didn’t even know we had. This is what we focus on in Trifork Smart Building and with our Labs...
Proactive news headlines including ElectraMeccanica, Bragg Gaming, Empress Royalty, Renforth Resources and Braxia Scientific
Written by Customer Service on . Posted in Mergers And Acquisitions.
New York , Sept. 30, 2021 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies:BioLargo boss says company is close to unlocking the potential of its technologies in wide-ranging update click here
Bragg Gaming acquisition target Spin Games awarded State of Connecticut Online Gaming Service Provider license click here
ElectraMeccanica says its flagship SOLO EV selected as exclusive vehicle for celebrity race during Canadian E-Fest click here
Stifel GMP upgrades Pure Gold Mining rating to ‘Buy’ click here
Organic Garage reports higher 2Q gross profit following shift to decentralized distribution model click here
Todos notes positive observational trial results for its oral antiviral 3CL protease inhibitor, Tollovir click...
Safe reports first-half 2021 financial results and announces ISO13485 certification of its Safe Medical integrated manufacturing facility
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Sales up 22% in the first half of 2021 despite conservative plans in hospitals
ISO13485 certification by AFAQ/AFNOR of the group’s new industrial activities and start of integrated production by Safe Medical
Operating profit of -€4M, at the level of the first half of 2019
End of €8.4 million bond financing lineÉragny-sur-Oise, France, September 30th, 2021 at 5:35 p.m. CET – Safe (FR0013467123 – ALSAF), a company specialising in the design, manufacture and marketing of ready-to-use technologies for back surgery, with a particular focus on the safety of emergency vertebral fractures, publishes its half-yearly financial results as of June 30, 2021 and announces Safe Medical’s ISO13485 integrated manufacturing certification.
Safe’s half-year financial report will be available by September 30th in the Investors > Documentation...
America’s Car-Mart, Inc. Announces Amendment to Loan and Security Agreement
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ROGERS, Ark., Sept. 30, 2021 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) (the “Company”) today announced it has entered into Amendment No. 3 to the Third Amended and Restated Loan and Security Agreement (the “Agreement”). Amendment No. 3 to the Agreement (the “Amendment”) extends the term of the Company’s revolving credit facilities to September 29, 2024, and increases the total permitted borrowings to $600 million, an increase of $274 million.
“As we continue to grow, serving more customers at the highest levels, our strong lending group is partnering with us as we allocate capital for our consistent, disciplined growth approach,” said Jeff Williams, President and CEO. “The consumer demand for our unique offering is strong and the investments we are making in the business are putting us in a position to continue...
Exela Technologies Announces Plans to Deploy over $400 Million of Capital to Execute the Next Strategic Step: Significantly Reduce Debt
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To date, Exela has Purchased $95 Million in Debt, Increasing Cash Flow by $11 Million
Exela is on Track to Improve Annual Cash Flow by $25 Million
Each $100 Million in Debt Reduction Improves Cash Flow by $10-13 MillionIRVING, Texas, Sept. 30, 2021 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA), a global business process automation leader across numerous industries, today announced that the Company plans to deploy over $400 million of capital. The move encapsulates the Company’s multipart strategy to materially reduce its total amount of debt and associated interest expense, including lowering the cost of debt. The Company believes that the strengthened balance sheet and improved cash flow generation will further expand shareholder value.
In addition to liquidity of $207 million as of September...
Lake City Bank Announces Promotion of Lisa A. Fulton to Chief Operations Officer
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Additional Promotions Announced for Lisa S. Fitzgerald, Michelle R. Ganser and Eric D. Wagoner
WARSAW, Ind., Sept. 30, 2021 (GLOBE NEWSWIRE) — Lake City Bank is pleased to announce that Lisa A. Fulton has been promoted to Senior Vice President and Chief Operations Officer.
“Lisa has an exceptional track record of creative and thoughtful leadership in the operations and product development areas,” said David M. Findlay, President and Chief Executive Officer. “Over the last 25 years, she has stepped up to every role with enthusiasm and discipline and this expanded role reflects our confidence in her ability to manage the increasingly complex operating environment that exists today. Her unwavering dedication to innovation and efficiency have been critical to our success.”
In this expanded role, Fulton assumes management responsibility...