Day: December 13, 2021

American-Made 2023 ElectraMeccanica SOLO EV Now Undergoing Validation Testing

Written by Customer Service on December 13, 2021. Posted in Public Companies.

Next-Generation SOLO EV to be Assembled in the U.S.; Currently in Validation Testing at Dedicated Joint Testing Facility with Partner GLV Automotive VANCOUVER, British Columbia, Dec. 13, 2021 (GLOBE NEWSWIRE) — ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today announced that the 2023 SOLO EV – to be assembled at the Company’s Mesa Manufacturing Facility in Arizona for delivery to the public in late 2022 – is now undergoing validation testing at a dedicated temporary testing facility. The validation testing is intended to ensure the new 2023 SOLO EV – which implements a suite of upgrades based on customer feedback – meets all desired specifications. The validation testing is taking...

Runway Growth Finance Corp. Closes Private Placement of 4.25% Series 2021A Senior Notes Due 2026

Written by Customer Service on December 13, 2021. Posted in Public Companies.

WOODSIDE, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), an externally managed business development company, today announced that it has agreed to issue $70 million in aggregate principal amount of 4.25% Series 2021A Senior Notes due 2026 (the “ 2026 Senior Notes”). The Notes will be issued in two closings. The initial issuance of $20 million 2026 Senior Notes closed today, December 10, 2021. The issuance of the remaining $50 million of 2026 Senior Notes is expected to occur on or about February 10, 2022. Each closing is subject to customary closing conditions. The 2026 Senior Notes have been offered only to institutional accredited investors (as defined in Regulation D under the Securities Act of 1933, as amended (the “Securities Act”)) in reliance on Section 4(a)(2) of the...

Unrivaled Brands Announces Agreement to Sell Inoperative Dyer Property for $13.4 Million

Written by Customer Service on December 13, 2021. Posted in Public Companies.

Unrivaled Retains Ownership of the Dispensary License SANTA ANA, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) — Unrivaled Brands, Inc. (OTCQX: UNRV) (“Unrivaled” or the “Company”) announced today the execution of an agreement to sell the Company’s real property and building located on Dyer Road in Santa Ana, CA (the “Dyer Property”) for $13.4 million. The sale is expected to close in January 2022, and the Company will retire $9.0 million of outstanding debt on the property. Notwithstanding the sale of the real estate at Dyer, the Company retains, through a wholly owned subsidiary that is not party to the sale, local approval to seek a license to open a cannabis dispensary at the Dyer building location. However, following the Company’s acquisition of the highly successful People’s dispensary, the Company is evaluating...

Veru Announces FDA Approval of ENTADFI, a New Treatment for Benign Prostatic Hyperplasia

Written by Customer Service on December 13, 2021. Posted in Public Companies.

—ENTADFI (Finasteride and Tadalafil) Capsules to Treat Benign Prostatic Hyperplasia– –Commercialization Will Start Early Calendar Year 2022– –ENTADFI to Be Marketed and Distributed by Veru’s Direct to Patient Telemedicine and Telepharmacy Services Platform– –Veru Partners with GoodRx, a National Healthcare Company that Operates a Telemedicine Platform that Connects Patients to Over 75,000 US Pharmacies– MIAMI, Dec. 13, 2021 (GLOBE NEWSWIRE) — Veru Inc. (NASDAQ: VERU), an oncology biopharmaceutical company with a focus on developing novel medicines for the management of breast and prostate cancer, announced today that the U.S. Food and Drug Administration (FDA) has approved ENTADFITM for the treatment of urinary tract symptoms caused by an enlarged prostate called benign prostatic...

ItsHot Acquires Diamond Watch Retailer IcedTime in Time for Christmas Shopping

Written by Customer Service on December 13, 2021. Posted in Mergers And Acquisitions.

NYC Jewelry Retailer ItsHot (https://www.itshot.com/) has recently announced that it has acquired online diamond watch pioneer IcedTime.com in a multi-million dollar deal, creating new opportunities to meet changing customer demands. NEW YORK, Dec. 13, 2021 (GLOBE NEWSWIRE) — Leading diamond jewelry store ItsHot.com has recently announced its acquisition of IcedTime.com, a company that has pioneered women’s and men’s diamond watch sales online. This opportunity allows ItsHot to expand its selection of name brand diamond watches from Rolex, Audemars Piguet, Gucci, Cartier, and others. This acquisition comes at a good time for ItsHot as it sets out to revamp its customer experience, especially during the holiday season. Both stores are located in Manhattan’s Diamond District, which is typically advantageous for keeping up with the...

Hain Celestial Announces Agreement to Acquire High-Growth, Better-for-You Snacking Brands ParmCrisps® and Thinsters®

Written by Customer Service on December 13, 2021. Posted in Mergers And Acquisitions.

LAKE SUCCESS, N.Y., Dec. 13, 2021 (GLOBE NEWSWIRE) — The Hain Celestial Group, Inc. (Nasdaq: HAIN) (“Hain Celestial,” “Hain” or the “Company”) today announced it has entered into an agreement to acquire That’s How We Roll, the producer and marketer of ParmCrisps® and Thinsters®, two fast-growing, better-for-you brands offering delicious, convenient products that are consumer favorites from Clearlake Capital Group. The acquisition deepens Hain’s position in the snacking category and represents a significant step in establishing Hain as a high-growth, global healthy food company. With the mission to make the world heathier, tastier and a little more fun, ParmCrisps® and Thinsters® are delicious, better-for-you brands composed of simple ingredients that consumers can find in their kitchen. ParmCrisps® are high-protein, low carb cheese...

Information Analysis Closes Acquisition of Gray Matters, Inc.

Written by Customer Service on December 13, 2021. Posted in Mergers And Acquisitions.

FAIRFAX, Va., Dec. 13, 2021 (GLOBE NEWSWIRE) — Information Analysis Incorporated (“IAI” or “the Company”) (NASDAQ:IAIC) today announced it has closed the previously announced acquisition of Gray Matters, Inc (“Gray Matters”). The consideration at closing consisted of $7.5 million cash; deferred consideration of $1.5 million; and $1.5 million in IAI stock. The terms also include up to $4.0 million in additional consideration for achieving certain performance metrics in 2022. Gray Matters is a leader in blockchain and encryption algorithm technology and was founded to solve real-world problems through purpose-built innovation in secure Supply Chain Management (SCM) in United States intelligence, national security and diplomatic organizations. In the short time it has been in existence, the company has transformed how blockchain supports...

Deep Down Hires Director of Business Development

Written by Customer Service on December 13, 2021. Posted in Public Companies.

HOUSTON, Dec. 13, 2021 (GLOBE NEWSWIRE) — Deep Down, Inc. (OTCQB: DPDW) (“Deep Down” or the “Company”), a specialist in offshore energy equipment and services, today announced the appointment of Mr. Russ McBeth as Director of Business Development, a new role at the Company. Mr. McBeth most recently served as Vice President of Business Development at Ion Pro Services, a pipeline solutions provider. Prior to joining Ion Pro Services, Mr. McBeth served as Business Development Manager at Dril-Quip, a manufacturer of onshore and offshore drilling and production equipment, a position he was offered after having served in a variety of progressive engineering and business development positions at TechnipFMC. Mr. McBeth possesses a Bachelor of Science in Mechanical Engineering from Texas A&M University. “Russ brings to Deep Down over...

Excavators Market to expand at ~5.57% CAGR during the forecast period (2022-2030) – Report by Market Research Future (MRFR)

Written by Customer Service on December 13, 2021. Posted in Mergers And Acquisitions.

New York, Dec. 13, 2021 (GLOBE NEWSWIRE) — Excavators Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Excavators Market Information Report By Types ( Mini/Compact, Crawler/Wheeled), By End User (Contractors, Rental Providers, Others), By Application (Mining, Construction And Utility) And By Region – Forecast to 2030”, the market is poised to grow approximately at 5.57% CAGR during the forecast period (2022-2030). List of the companies profiled in the global Excavators Market research report are –Caterpillar Inc. (US) Hitachi Construction Machinery Co., Ltd. (Japan) Volvo Construction Equipment (Belgium) JCB Ltd. (UK) Sandvik AB (Sweden) Corporation (US) Komatsu Ltd. (Japan) Xuzhou Construction Machinery Group (XCMG – China) Terex and Hyundai Heavy Industries Co.,...

Gildan Activewear Announces Acquisition of Frontier Yarns

Written by Customer Service on December 13, 2021. Posted in Mergers And Acquisitions.

(all amounts are in U.S. dollars except where otherwise indicated) MONTREAL, Dec. 13, 2021 (GLOBE NEWSWIRE) — Gildan Activewear Inc. (GIL: TSX and NYSE) today announced that, through one of its wholly-owned subsidiaries, it has acquired 100% of the equity interests of Phoenix Sanford, LLC, the parent company of Frontier Yarns for a total cash consideration of approximately $168 million. Frontier is a leading producer of 100% cotton, polyester, and cotton blend yarns primarily manufactured on open end and vortex (MVS) spinning technology. The yarn operations of Frontier acquired by Gildan include four facilities located in North Carolina employing approximately 800 employees. During 2021, approximately forty percent of Frontier’s production was dedicated to yarn sold to Gildan for textile manufacturing in Central America and the...

Day: December 13, 2021

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