Day: December 20, 2021

Muscle Maker Inc.’s Pokemoto Division Signs 4 New Franchise Agreements, Expands Connecticut Market

Written by Customer Service on December 20, 2021. Posted in Public Companies.

Brand announced signing 25 new franchise agreements over last 45 days, fueling growth by 238% since May 2021 LEAGUE CITY, TX, Dec. 20, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Muscle Maker, Inc.’s (Nasdaq: GRIL) newest subsidiary Pokemoto, a 19-location and growing Hawaiian poke bowl concept known for its healthier modern culinary twist on a traditional Hawaiian poke classic, today announced that it has signed four new franchise agreements in Connecticut, the brand’s core market with the heaviest concentration of Pokemoto eateries. Pokemoto is the largest Hawaiian Poke chain in the state and the newly signed agreements will bring its total count in Connecticut to fourteen locations – six corporate owned and operated stores, four open and operating franchise stores plus the four newly signed franchise agreements. Pokemoto...

Imperial Mining Awarded a $100,700 Grant to Undertake a Comprehensive Scandium Market Study

Written by Customer Service on December 20, 2021. Posted in Public Companies.

MONTREAL, Dec. 20, 2021 (GLOBE NEWSWIRE) — Imperial Mining Group Ltd. (“Imperial”) (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has partnered with Investment Quebec and the Baie-Comeau Regional Industrial Development Agency (“IDM”) to undertake a comprehensive scandium market study. The study will look at the benefits of establishing a North American supply of scandium and scandium-aluminum alloys products and determine the industrial and technological development impacts on the Baie-Comeau region, in general, and the Quebec aluminum industry, in particular. In July 2021, a collaboration agreement was signed between Imperial Mining Group and Innovation et Développement Manicouagan. This agreement was the catalyst for the awarding of a $100,700 grant by Investissement Québec ($ 50,700) in the SME Action...

Ducommun Incorporated Announces the Completion of Strategic Sale-Leaseback Transaction with CenterPoint Properties

Written by Customer Service on December 20, 2021. Posted in Public Companies.

SANTA ANA, Calif., Dec. 20, 2021 (GLOBE NEWSWIRE) — Ducommun Incorporated (NYSE: DCO), a global supplier of innovative electronic and structural solutions for the aerospace and defense industry, completed a sale-leaseback transaction with an affiliate of CenterPoint Properties on December 16, 2021. The transaction involved the company’s wholly-owned subsidiary, Ducommun Aerostructures, Inc., and its industrial property located on Gardena Blvd., in Carson, California (the “Property”). Under the terms of the purchase and sale agreement, the Property was sold for an aggregate cash purchase price of approximately $143 million and generated approximately $110 million in net after-tax cash proceeds. “I am very pleased about the closing of the sale-leaseback transaction of our Gardena performance center, located in Carson, California,”...

Stran & Company Expands Management Team Including Appointment of Industry Veteran Steve Paradiso to Key Leadership Role

Written by Customer Service on December 20, 2021. Posted in Public Companies.

Quincy, MA , Dec. 20, 2021 (GLOBE NEWSWIRE) — Stran & Company, Inc. (“Stran” or the “Company”) (NASDAQ: STRN) (NASDAQ: STRNW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced that promotional product industry veteran Steve Paradiso has been appointed Chief of Staff, bringing over 30 years of experience and success to support the acceleration of Stran’s growth strategy. In addition, Stran has appointed Jason Nolley as Chief Technology Officer, Steve Urry as Vice President of Sales and recently promoted Chris Rollins to Chief Financial Officer effective upon the pricing of the Company’s initial public offering. Mr. Paradiso brings to Stran an impressive track record of developing and executing growth strategies...

Mullen and Dürr Announce Partnership for Upcoming EV Manufacturing Footprint

Written by Customer Service on December 20, 2021. Posted in Public Companies.

Dürr is a leading global company specializing in vehicle production systems including paint and final assembly technology.Mullen and Dürr, a leading global company specializing in vehicle productions systems, including paint and final assembly, announce partnership for upcoming EV manufacturing footprint.Dürr will be supporting Mullen’s Advanced Manufacturing and Engineering Center (AMEC) with full integration for vehicle assembly and complete paint shop technologies.Dürr will be supporting Mullen’s Advanced Manufacturing and Engineering Center (AMEC) with full integration for vehicle assembly and complete paint shop technologies. BREA, Calif., Dec. 20, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer,...

Bioventus Receives US FDA Clearance for BoneScalpel® Access™

Written by Customer Service on December 20, 2021. Posted in Public Companies.

DURHAM, N.C., Dec. 20, 2021 (GLOBE NEWSWIRE) — Bioventus Inc. (Nasdaq: BVS) (“Bioventus” or the “Company”), a global leader in innovations for active healing, announced the US Food and Drug Administration (FDA) has granted 510(k) clearance for the Company’s neXus® BoneScalpel® Access™ handpiece. The BoneScalpel Access handpiece is powered by the neXus Ultrasonic Surgical Aspirator System, a next-generation integrated ultrasonic surgical platform driven by a proprietary digital algorithm resulting in more power, versatility, and control. The neXus system combines all the features of soft and hard (e.g. bone) tissue removal into a single fully integrated offering. “The BoneScalpel Access handpiece provides surgeons with a new option for confined spaces during minimally invasive surgery, enabling safe and powerful bone removal with...

Harbor Custom Development, Inc. Enters Contract to Purchase 66 Entitled Lots in Poulsbo, Washington for $2,900,000

Written by Customer Service on December 20, 2021. Posted in Mergers And Acquisitions.

Gig Harbor, Washington , Dec. 20, 2021 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has entered into a contract with Laughlin Development, LLC, for the purchase of 66 undeveloped lots for $2,900,000 in Poulsbo, Washington. Westry Village is a future 66 – unit townhome site located in College Market Place Northwest, a regional shopping center in Poulsbo, Washington. https://www.westryvillage.com/ Harbor has contracted to purchase the project upon completion of the permitting process and issuance of site plan approval from the city of Poulsbo. “This acquisition allows Harbor to continue expanding...

Athene to Acquire Petros PACE Finance, a Leading Provider of Commercial Property Assessed Clean Energy (C-PACE) Financing

Written by Customer Service on December 20, 2021. Posted in Mergers And Acquisitions.

Investment to Expand National, Direct Origination Platform, Meet Growing Investor Demand for ESG Assets NEW YORK and HAMILTON, Bermuda, Dec. 20, 2021 (GLOBE NEWSWIRE) — Athene Holding Ltd. (NYSE: ATH) (“Athene”), an industry-leading financial services company focused on retirement savings solutions, today announced it has entered into a definitive agreement to acquire Petros PACE Finance, LLC (“Petros PACE Finance” or the “Company”), a leading provider of Commercial Property Assessed Clean Energy (“C-PACE”) financing to owners and developers of commercial properties throughout the United States. Since 2016, Petros PACE Finance has originated over $700 million in long-term, fixed-rate financing for energy efficiency, water efficiency, renewable energy and resiliency projects. C-PACE financing is active in 27 states and...

WSFS Financial Corporation Receives All Required Approvals to Acquire Bryn Mawr Bank Corporation

Written by Customer Service on December 20, 2021. Posted in Mergers And Acquisitions.

Acquisition expected to close January 1, 2022 WILMINGTON, Del. and BRYN MAWR, Pa., Dec. 20, 2021 (GLOBE NEWSWIRE) — WSFS Financial Corporation (Nasdaq: WSFS) (“WSFS”), the parent company of WSFS Bank, and Bryn Mawr Bank Corporation (Nasdaq: BMTC) (“BMTC”), the parent company of The Bryn Mawr Trust Company, jointly announced that WSFS has received all required approvals to acquire BMTC, and to merge its primary subsidiary, Bryn Mawr Trust into WSFS Bank. The Board of Governors of the Federal Reserve System (the “Federal Reserve”) approved WSFS’ acquisition of BMTC, which is the final required regulatory approval for the proposed combination. With overwhelming approvals from WSFS and BMTC stockholders, and regulatory approvals from the Federal Reserve and WSFS Bank’s primary regulator, the Office of the Comptroller of the Currency,...

Arbor Realty SR, Inc. Closes Offering of $180 Million of Senior Unsecured Notes due 2028

Written by Customer Service on December 20, 2021. Posted in Public Companies.

UNIONDALE, N.Y., Dec. 20, 2021 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced today that its subsidiary, Arbor Realty SR, Inc. (“ARSR”), has closed, on December 17, 2021, the private placement of $180 million aggregate principal amount of 5.00% senior unsecured notes due December 30, 2028 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior basis by the Company. ARSR intends to use the net proceeds from the offering to make investments relating to its business and for general corporate purposes. Piper Sandler & Co. acted as placement agent for this offering. The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and are being offered and sold in reliance on an exemption from registration provided...

Day: December 20, 2021

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