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Day: November 16, 2021

EarthRenew Announces AGM Results

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Nov. 16, 2021 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF) (“EarthRenew” or the “Company”) is pleased to announce the results of its annual general and special meeting of shareholders (“AGM”) held on Monday, November 15, 2021 in Toronto, Canada. AGM Results The nominees listed in the management information circular (the “Circular”), which was mailed to EarthRenew shareholders of record as of October 12, 2021, were elected to the board of directors of the Company to hold office until the next annual meeting of shareholders or until their successors are duly appointed or elected.Nominee Percentage of Votes For Percentage of Votes WithheldKeith Driver 79.95%   20.05%  Catherine Stretch 79.67%   20.33%  Chris Best 79.89%   20.11%  Neil...

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SmartBank Announces Gulf Coast Wealth Management Expansion

KNOXVILLE, Tenn., Nov. 16, 2021 (GLOBE NEWSWIRE) — SmartBank, a subsidiary of SmartFinancial, Inc. (“SmartFinancial” or the “Company”; NASDAQ: SMBK), announced the hiring of a six-person wealth management team to be based out of Mobile, Alabama. Thomas Montz, together with Amanda Montz and Nathan Novotny will lead the new team and support the continued growth of SmartBank Investment Services (“SBIS”). The team, formerly with BBVA Compass Investment Solutions, brings a combined total of over 60 years of advisory experience and have been responsible for over $350 million in assets under management. The team will be based in SmartBank’s new office located at 3074 Dauphin Street in Mobile, Alabama. The office will also house members of SmartBank’s corporate banking team, including Gulf Coast Regional President Nate...

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Tempo Automation, Inc. and ACE Convergence Acquisition Corp. Announce Filing of Registration Statement on Form S-4 in connection with their Proposed Business Combination

SAN FRANCISCO, Nov. 16, 2021 (GLOBE NEWSWIRE) — Tempo Automation, Inc. (“Tempo”), a leading software-accelerated electronics manufacturer, and ACE Convergence Acquisition Corp. (“ACE”) (Nasdaq: ACEV), a special purpose acquisition company focusing on industrial and enterprise IT, today announced that ACE has filed a registration statement on Form S-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”). The Registration Statement provides important information about Tempo, ACE and their proposed business combination, but has not yet become effective and is subject to change. As previously announced on October 14, 2021, Tempo and ACE, along with ACE Convergence Subsidiary Corp., entered into an agreement and plan of merger relating to their proposed business combination. Upon closing of the...

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Privia Health Announces Secondary Offering

ARLINGTON, Va., Nov. 16, 2021 (GLOBE NEWSWIRE) — Privia Health Group, Inc. (Nasdaq: PRVA, or “Privia Health” or the “Company”), a technology-driven, national physician enablement company that collaborates with medical groups, health plans and health systems, today announced the commencement of an underwritten public offering of 6,000,000 shares of common stock by certain selling stockholders. Such selling stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares of the Company’s common stock. The Company will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholders, and the selling stockholders will bear the costs associated with the sale of such shares, including underwriting discounts and commissions. Goldman...

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Zentek Announces C$20 Million Bought Deal Public Offering and C$12.5 Million Non-Brokered Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES ORFOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. GUELPH, Ontario, Nov. 16, 2021 (GLOBE NEWSWIRE) — Zentek Ltd. (“ZEN” or the “Company”) (TSX-V:ZEN and OTC:ZENYF) a Canadian, IP development and commercialization company focused on next-gen healthcare solutions announces that it has entered into an agreement with Eight Capital as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase on a bought deal basis 3,419,000 common shares of the Company (the “Common Shares”), at a price of C$5.85 per Common Share (the “Offering Price”) for gross proceeds of approximately C$20.0 million (the “Brokered Offering”). The Company has granted the Underwriters an option...

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EyePoint Pharmaceuticals Announces Proposed Public Offering of Common Stock

WATERTOWN, Mass., Nov. 16, 2021 (GLOBE NEWSWIRE) — EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT), a pharmaceutical company committed to developing and commercializing therapeutics to help improve the lives of patients with serious eye disorders, today announced that it has commenced an underwritten public offering of $100.0 million of shares of its common stock. In addition, EyePoint intends to grant the underwriters an option for a period of 30 days to purchase up to an additional $15.0 million of shares of its common stock. Cowen and Guggenheim Securities are acting as joint book-running managers for the offering. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. EyePoint intends to use the net proceeds...

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Teck Provides Update on Heavy Rain Impacts in B.C.

VANCOUVER, British Columbia, Nov. 16, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today reported that its logistics chain between west coast terminals and B.C. operations has been temporarily disrupted due to heavy rain, flooding and mudslides. Teck has implemented measures to mitigate the effect of the disruption, diverting some trains to Ridley Terminals in Prince Rupert. CP and CN have begun repairs but do not currently have estimated return to service dates. The overall impact and any potential effect on Q4 sales will be dependent on the duration of the logistics chain disruption. Production at our operations has not been impacted at this time. Teck is focused on protecting the health and safety of employees and contractors and we are continuing to closely monitor the situation. About...

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Mercer International Inc. to Present at Upcoming BofA Securities 2021 Virtual Leveraged Finance Conference

NEW YORK, Nov. 16, 2021 (GLOBE NEWSWIRE) — Mercer International Inc. (Nasdaq: MERC) today announced that David M. Gandossi, President and CEO, will be presenting at the following upcoming conference: BofA Securities 2021 Virtual Leveraged Finance ConferenceTuesday November 30 to Thursday, December 2, 2021Presentation at 2:15 PM ET on Wednesday, December 1, 2021 A copy of the presentation will be posted in the “Investors – News Releases & Presentations” section on the Company’s web site (https://mercerint.com/investors/news-releases-presentations/) on the morning of the event. A webcast of the live session will be available to conference participants at https://bofa.veracast.com/webcasts/bofa/leveragedfinance2021/idCu6KqM.cfm, and a ninety-day replay of the presentation will be accessible through the same link within...

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StorageVault Completes the Purchase of 8 Storage Assets for $98.6 Million

TORONTO, Nov. 16, 2021 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that, further to its October 13, 2021 news release, it has completed the acquisition of 8 stores (collectively, the “Acquisitions”) from five vendor groups (collectively, the “Vendors”), for an aggregate purchase price of $98.6 million. Three of the Acquisitions are arm’s length and five, totaling $72 million, are related party acquisitions (the “Related Party Acquisitions”) with Access Self Storage Inc. or its affiliates or associates (collectively, “Access”) as the Vendor. The purchase price for the Acquisitions in the amount of $98.6 million, subject to customary adjustments, was paid by the issuance of an aggregate of 3,327,246 common shares of StorageVault (“Payment Shares”) at an aggregate price of $20,000,000,...

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Armada Acquisition Corp. I Announces Separate Trading of its Common Stock and Warrants, Commencing November 16, 2021

PHILADELPHIA, Nov. 16, 2021 (GLOBE NEWSWIRE) — Armada Acquisition Corp. I (NASDAQ GM: AACIU) (the “Company”) announced today that, commencing November 16, 2021, holders of the 15,000,000 units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s common stock and warrants included in the units. The shares of common stock and warrants that are separated will trade on the Nasdaq Global Market (“Nasdaq”) under the symbols “AACI” and “AAICW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on Nasdaq under the symbol “AACIU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to...

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