Fairfax Announces Early Redemption of Senior Notes Due February 7, 2024

Written by Customer Service on October 19, 2021. Posted in Public Companies.

TORONTO, Oct. 19, 2021 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that, on October 29, 2021, it is redeeming all of its outstanding 4.142% senior notes due February 7, 2024 (the “Notes”) at a redemption price of 100% of the principal amount of the Notes plus accrued and unpaid interest, if any. There is US$85 million principal amount of Notes currently outstanding. Questions by holders of the Notes regarding the redemption of the Notes may be directed to The Bank of New York Mellon, as United States Trustee, as follows: The Bank of New York Mellon101 Barclay Street New York, New York 10286Direct Dial: (212) 815-2719 | Facsimile: (724) 540-6328 Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated...

Avicanna Closes Non-Brokered Private Placement Raising $3.9 Million and Announces Warrant Repricing

Written by Customer Service on October 19, 2021. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS TORONTO, Oct. 19, 2021 (GLOBE NEWSWIRE) — Avicanna Inc. (“Avicanna” or the “Company“) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN), a biopharmaceutical company focused on the development, manufacturing and commercialization of organic and sustainable plant-derived cannabinoid-based products, is pleased to announce that it has closed a non-brokered private placement (the “Offering“). Under the Offering, the Company has issued an aggregate of 4,587,022 units (the “Units“) at a price of CAD$0.85 per Unit for aggregate gross proceeds of approximately CAD$3.9 million. Each Unit is comprised of...

Oil States Announces Third Quarter 2021 Earnings Conference Call

Written by Customer Service on October 19, 2021. Posted in Public Companies.

Monday, November 1, 2021 at 9:00 a.m. Central Time HOUSTON, Oct. 19, 2021 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its third quarter 2021 earnings conference call for Monday, November 1, 2021 at 9:00 a.m. Central Time. During the call, Oil States will discuss the results for the quarter ended September 30, 2021, which are expected to be released on Monday, November 1, 2021, before the markets open. This call is being webcast and can be accessed at Oil States’ web site at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (888) 771-4371 in the United States or by dialing +1 (847) 585-4405 internationally and using the passcode of 50243892. A replay of the conference call will be available one and a half hours after the completion of the...

LM Funding Announces Closing of Upsized $30 Million Underwritten Public Offering

Written by Customer Service on October 19, 2021. Posted in Public Companies.

TAMPA, Fla., Oct. 19, 2021 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a technology-based specialty finance company that intends to expand into the cryptocurrency mining business, today announced the closing of its previously announced underwritten public offering of 6,315,780 shares of its common stock and warrants to purchase up to 6,315,780 shares of the Company’s common stock. Each share of common stock was sold in a unit together with one common warrant at a public offering price of $4.75 per unit, for gross proceeds of approximately $30 million, before deducting underwriting discounts and offering expenses. The common warrants have an exercise price of $5.00 per share of common stock, are immediately exercisable and will expire five years from the date of issuance. In addition,...

SmartFinancial Announces Results for the Third Quarter 2021

Written by Customer Service on October 19, 2021. Posted in Public Companies.

KNOXVILLE, Tenn., Oct. 19, 2021 (GLOBE NEWSWIRE) — SmartFinancial, Inc. (“SmartFinancial” or the “Company”; NASDAQ: SMBK), today announced net income of $9.6 million, or $0.61 per diluted common share, for the third quarter of 2021, compared to net income of $6.4 million, or $0.42 per diluted common share, for the third quarter of 2020, and compared to net income of $8.8 million, or $0.58 per diluted common share, for the second quarter of 2021. Operating earnings (Non-GAAP), which excludes securities gains, merger related and restructuring expenses and non-operating items, totaled $9.9 million, or $0.63 per diluted common share, in the third quarter of 2021, compared to $6.6 million, or $0.44 per diluted common share, in the third quarter of 2020, and compared to $9.1 million, or $0.60 per diluted common...

Palomar Holdings, Inc. Estimates Third Quarter 2021 Catastrophe Losses

Written by Customer Service on October 19, 2021. Posted in Public Companies.

LA JOLLA, Calif., Oct. 19, 2021 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) today announced an estimated range of pretax catastrophe losses of $14.5 million to $15.5 million, net of reinsurance, for the third quarter of 2021. These estimates represent anticipated losses from Hurricanes Ida and Nicholas. Palomar estimates that 70-75% of its gross losses from these events are from its discontinued Admitted All Risk and Louisiana Specialty Homeowners products, lines of business that the Company exited in the fourth quarter of 2020. Palomar’s loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information available to prepare the estimates. In addition, Palomar’s financial closing and review procedures for the fiscal quarter are not yet complete....

Founder SPAC Announces Closing of $316.25 Million Initial Public Offering

Written by Customer Service on October 19, 2021. Posted in Public Companies.

GRAND CAYMAN, Cayman Islands, Oct. 19, 2021 (GLOBE NEWSWIRE) — Founder SPAC (NASDAQ: FOUNU) (the “Company”) today announced that it has closed its initial public offering of 31,625,000 units, including 4,125,000 units issued pursuant to the full exercise of the underwriters’ over-allotment option, at a price of $10.00 per unit. The units are listed on The Nasdaq Stock Market LLC (“Nasdaq”) and began trading under the ticker symbol “FOUNU” on October 15, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share of the Company at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “FOUN”...

Freddie Mac Sells $1.2 Billion in NPLs

Written by Customer Service on October 19, 2021. Posted in Public Companies.

Awards 4 SPO Pools to 3 Winners MCLEAN, Va., Oct. 19, 2021 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today announced it sold via auction 7,186 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. The loans, with a balance of approximately $1.2 billion, are currently serviced by Specialized Loan Servicing LLC, Select Portfolio Servicing, Inc., and NewRez LLC, d/b/a Shellpoint Mortgage Servicing. The transaction is expected to settle in December 2021. The sale is part of Freddie Mac’s Standard Pool Offerings (SPO®). Freddie Mac, through its advisors, began marketing the transaction on September 16, 2021 to potential bidders, including non-profits and Minority, Women, Disabled, LGBT, Veteran or Service-Disabled Veteran-Owned Businesses (MWDOBs), neighborhood advocacy organizations...

Sientra® And Mission Plasticos Launch Reshaping Lives: Full Circle™ A Philanthropic Initiative For Women Living In Poverty In America

Written by Customer Service on October 19, 2021. Posted in Public Companies.

Reshaping Lives: Full Circle will provide post-mastectomy reconstructive breast surgery to women in need of assistance SANTA BARBARA, Calif., Oct. 19, 2021 (GLOBE NEWSWIRE) — Sientra, Inc., a medical aesthetics company uniquely focused on plastic surgery, and Mission Plasticos, a 501-c3 non-profit organization dedicated to providing reconstructive surgical care to those in medically underserved communities around the globe, today announced the launch of Reshaping Lives: Full Circle, a nationwide program aimed at providing reconstructive breast surgery for post-mastectomy women living in poverty. This is the first phase of Mission Plasticos’ recently announced Reshaping Lives America, the first large-scale, nationwide program providing reconstructive surgical care at no cost to people living in poverty in the U.S., and is being...

Lincoln Electric Board Approves 9.8% Dividend Increase

Written by Customer Service on October 19, 2021. Posted in Dividend Reports And Estimates.

CLEVELAND, Oct. 19, 2021 (GLOBE NEWSWIRE) — Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has approved a 9.8% increase in the quarterly cash dividend, from $0.51 per share to $0.56 per share, or to $2.24 per share on an annualized basis. This marks the 26th consecutive annual increase of the dividend. The dividend is payable January 14, 2022 to shareholders of record at the close of business on December 31, 2021. “Our long-term strategic focus on commercial and operational excellence continues to generate superior cash flows and returns for our shareholders through the cycle,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer. “This increase reflects our confidence in our 2025 Higher Standard Strategy and the strength of future cash flow generation.” About Lincoln...

Day: October 19, 2021

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