Month: September 2021

THE WOODLANDS, Texas, Sept. 22, 2021 (GLOBE NEWSWIRE) — ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today the completion of an investment in PingThings, Inc., which has developed an advanced sensor AI platform that enables its customers to manage tremendous volumes of time series data at scale, helping achieve their system reliability, decarbonization and capital efficiency goals. “This investment in PingThings is consistent with our long-term strategic priority of accelerating digital revenue streams and expanding our digital offering to other industries by establishing relationships to leverage the digital ecosystem as we continue to evolve our portfolio for sustained growth through the energy transition,” said Sivasankaran “Soma” Somasundaram, President and Chief Executive Officer of ChampionX. “We...

Renowned regional distributor introduces new fiber-based multi-gigabit speed options to hotels, manufacturers, campuses, and office/residential buildings in Thailand PLANO, Texas, Sept. 22, 2021 (GLOBE NEWSWIRE) — DZS (NASDAQ: DZSI), a global leader in broadband connectivity, mobile and optical transport, and software defined networking solutions, today announced that Optimus, a leading importer and distributor of network equipment and security solutions serving Thailand, has become the newest member of the DZS channel partner program. Optimus clients will now have the option to deploy leading-edge DZS Chronos transport solutions, as well as DZS Velocity and DZS Helix broadband connectivity solutions, including DZS FiberLAN enterprise solutions and XCelerate by DZS multi-gigabit broadband systems that will future-proof enterprise...

SINGAPORE, Sept. 22, 2021 (GLOBE NEWSWIRE) — Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “it” or “we”), a global provider of maritime transportation services predominately in the drybulk sector, today announced the pricing of the previously announced underwritten public secondary offering of 1,841,962 ordinary shares by certain existing shareholders of the Company (the “Selling Shareholders”) at a public offering price of $13.50 per share, for an aggregate purchase price of $24,866,487. The Offering is expected to close on September 27, 2021, subject to customary closing conditions. The Selling Shareholders will receive all of the proceeds from the Offering. Grindrod Shipping is not selling any of its ordinary shares in the Offering and will not receive any proceeds from the Offering. Jefferies...

Aerojet Rocketdyne’s Successful Test of the eSR-73Aerojet Rocketdyne’s successful test of the eSR-73 advanced large solid rocket motorCAMDEN, Ark., Sept. 22, 2021 (GLOBE NEWSWIRE) — Aerojet Rocketdyne recently conducted a solid rocket motor test firing that demonstrated the successful transition of large solid rocket motor mix, cast and test operations from Sacramento, California, to its Camden, Arkansas, site. “Aerojet Rocketdyne continues to advance its decades of work delivering large solid rocket motors, leveraging new facilities and innovative technology and materials,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president. “Our Camden site is now proven ready to support the nation’s defense requirements for large solid rocket motors.” The motor was cast at Camden’s Engineering, Manufacturing and Development...

NEW YORK, Sept. 22, 2021 (GLOBE NEWSWIRE) — Pacifico Acquisition Corp. (NASDAQ: PAFOU, the “Company”) announced today that an additional 750,000 units were issued pursuant to the underwriters’ exercise of its over-allotment option in connection with the Company’s initial public offering. The offering was priced at $10.00 per unit, generating additional gross proceeds of $7,500,000 and bringing the total gross proceeds of the initial public offering to $57.5 million. The Company’s units commenced trading on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “PAFOU” on September 14, 2021. Each unit consists of one share of common stock and one right to receive one-tenth of one share of common stock upon the consummation of the Company’s initial business combination....

NEW YORK, Sept. 22, 2021 (GLOBE NEWSWIRE) — Sterling Check Corp. (“Sterling”) today announced the pricing of its initial public offering of an aggregate of 14,285,000 shares of common stock at a price to the public of $23.00 per share. Of the offered shares, 4,760,000 are being offered by Sterling and 9,525,000 are being offered by certain of Sterling’s existing stockholders. The net proceeds from the offering to Sterling, after deducting underwriting discounts and commissions and estimated offering expenses payable by Sterling, are expected to be approximately $94.4 million. Sterling intends to use the net proceeds, together with cash on hand, to repay approximately $100.0 million outstanding under its term loan. Sterling will not receive any proceeds from the sale of the shares by the selling stockholders. In addition, the underwriters...