Xos, Inc. Celebrates 2021 Progress in Year-in-Review Video

Written by Customer Service on December 21, 2021. Posted in Public Companies.

LOS ANGELES, Dec. 21, 2021 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, published a video today celebrating its key announcements of 2021. “2021 was a strong year of growth for Xos. We’re excited to share more in the new year about our production progress, new customers and partnerships, and the bright talent that joins our growing team,” said Dakota Semler, Chief Executive Officer of Xos. Some 2021 highlights at Xos included: New 85,000 square foot headquarters in Los Angeles Two new flexible manufacturing facilities, equalling 210,000 square feet of production floor Unveiling of the Lyra Series™ battery system and an automated battery line, creating 300 MWh of battery production capability 450% staff increase, from 66 to 295 employees 212 truck...

Histogen Announces Closing of $3.5 Million Private Placement

Written by Customer Service on December 21, 2021. Posted in Public Companies.

SAN DIEGO, Dec. 21, 2021 (GLOBE NEWSWIRE) — Histogen Inc. (NASDAQ: HSTO), a clinical-stage company focused on developing potential first-in-class restorative therapeutics that ignite the body’s natural process to repair and maintain healthy biological function, announced today the closing of its previously announced private placement for the issuance and sale of 8,235,297 shares of common stock and warrants to purchase up to an aggregate of 8,235,297 shares of common stock, at a purchase price of $0.425 per share of common stock and associated warrant. The warrants have an exercise price of $0.425 per share of common stock and are exercisable commencing six months and one day following the date of issuance for a period of five and one-half years from the date of issuance. H.C. Wainwright & Co. acted as the exclusive placement...

Pulse Seismic Inc. Announces Renewal and Extension of Revolving Credit Facility

Written by Customer Service on December 21, 2021. Posted in Public Companies.

CALGARY, Alberta, Dec. 21, 2021 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to announce it has renewed its revolving credit facility and extended the maturity date for two years to January 15, 2025. The facility’s available borrowing amount remains at $25.0 million and all other major terms, including financial covenants, are unaffected by the renewal. As of today, the balance drawn on the revolving credit facility is $1.4 million, leaving $23.6 million available. At the end of 2020 Pulse owed a total of $28.0 million in long-term debt, consisting of $18.0 million owing on the senior revolving credit facility and $10.0 million in subordinated debt to a third party. In June 2021, the subordinated debt was fully repaid, and by October 2021 the balance owing on the revolver...

BC Washouts: CN Network Productivity Returns to Normal Range, Community Support and Assistance Remains Ongoing

Written by Customer Service on December 21, 2021. Posted in Public Companies.

MONTREAL, Dec. 21, 2021 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced today that the productivity and capacity of its network in BC has nearly returned to pre-washout levels as crews continue to work around the clock. During the three-week period between November 14, 2021 and December 4, 2021, when CN’s network was shut down, the Company experienced 58 outages over a 150-mile stretch. The railroad mobilized over 400 employees and contractors and over 110 pieces of heavy equipment, operating 24 hours a day, seven days a week to get the rail line back into service. 282,000 cubic yards of rock, earth, and backfill materials were moved to rebuild damaged locations, the equivalent of over 25,000 truckloads. Despite significant setbacks, including a recent stoppage near Jasper and cold weather in the Prairies, operating metrics...

Corsair Gaming to Host Investor Day on January 20, 2022

Written by Customer Service on December 21, 2021. Posted in Public Companies.

FREMONT, Calif., Dec. 21, 2021 (GLOBE NEWSWIRE) — Corsair Gaming, Inc. (NASDAQ:CRSR) (“Corsair”), a leading global provider and innovator of high-performance gear for gamers and content creators, today announced the details of its 2022 Virtual Investor Day on Thursday, January 20, 2022. The event will be held virtually, between 7:00 a.m. and 9:30 a.m. Pacific Time. Corsair will provide an overview of its strategy, growth opportunities and long-term financial targets. Presenting for Corsair will be Andy Paul, Chief Executive Officer, Michael G. Potter, Chief Financial Officer, and other key members of the Corsair management team. Corsair’s presentation will be broadcasted live and may be accessed via Corsair’s Investor Relations website at https://ir.corsair.com. Participants are invited to visit the site at least 15 minutes prior...

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) Announces Upsize of Revolving Credit Facility with two FDIC-Insured Banks to $45 Million

Written by Customer Service on December 21, 2021. Posted in Public Companies.

CHICAGO, Dec. 21, 2021 (GLOBE NEWSWIRE) — Chicago Atlantic Real Estate Finance, Inc. (“REFI” or “the Company”), a leading institutional lender to state-licensed cannabis operators, today announced that Chicago Atlantic Lincoln, LLC (“Chicago Atlantic Lincoln”), its wholly-owned financing subsidiary, entered into an Amended and Restated Loan and Security Agreement by and among Chicago Atlantic Lincoln and two FDIC-insured financial institutions related to a secured revolving credit facility (the “Revolving Loan”). The Revolving Loan has an aggregate commitment of $45.0 million and a maturity date of December 16, 2023, with a one-year extension option, subject to customary conditions. The Revolving Loan bears interest at a floating rate, based upon Chicago Atlantic Lincoln’s leverage ratio, ranging from 0% to 1.25% over the Prime...

Midland Completes the Second Tranche of a Private Placement Totalling $2.7M

Written by Customer Service on December 21, 2021. Posted in Public Companies.

MONTREAL, Dec. 21, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce that it has completed a second tranche of the non brokered private placement previously announced on December 7, 2021 (the “Private Placement”) by issuing 230,000 flow-through common shares (the “Flow-Through Shares”) at $0.80 per Flow-Through Share for gross proceeds of $184,000. The total gross proceeds of the Private Placement is $2,667,100. The securities issued in the second tranche of the Private Placement are subject to a four-month hold period expiring on April 22, 2022. Midland will use the Private Placement proceeds to fund exploration works on its properties located in Quebec. As a result of the closing of the Private Placement, there are 75,497,797 common shares of Midland issued and outstanding. The Private...

Gran Tierra Energy Announces Successful Completion of Semi-Annual Credit Facility Redetermination

Written by Customer Service on December 21, 2021. Posted in Public Companies.

CALGARY, Alberta, Dec. 21, 2021 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce the successful completion of the semi-annual redetermination of the Company’s bank-syndicated credit facility, which has a maturity date of November 2022. All dollar amounts are in United States (“U.S.”) dollars, unless otherwise indicated. Highlights Due to Gran Tierra’s strong cash flow1, sufficient liquidity and flexible capital program, the Company has elected to downsize its credit facility capacity to $150 million, with $125 million readily available and $25 million subject to the consent of the majority of the lenders. The Company’s previous borrowing base was $215 million, with $200 million readily available and $15 million subject to majority lender consent. Gran...

ROHM Awarded Platinum Rating by EcoVadis for 2021 Sustainability Performance

Written by Customer Service on December 21, 2021. Posted in Public Companies.

ROHM Receives 2021 EcoVadis Platinum Award for Sustainability Performance Only the top 1% of ~80,000 companies across all industries receive this prestigious award. Santa Clara, CA and Kyoto, Japan, Dec. 21, 2021 (GLOBE NEWSWIRE) — ROHM Semiconductor today announced they have been awarded the highest rating of “Platinum” for sustainability performance in 2021 by EcoVadis. The Platinum rating is given to the top 1% of about 80,000 companies assessed across all industries. Based in France, EcoVadis is the world’s largest and most trusted provider of business sustainability ratings, founded in 2007 to promote the sustainability of supply chains around the world. About 80,000 companies in 160 countries across 200 industries are assessed in four areas: Environment, Labor and Human Rights, Ethics, and...

ClearStream announces New Project and Contract Awards

Written by Customer Service on December 21, 2021. Posted in Public Companies.

CALGARY, Alberta, Dec. 21, 2021 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream”) (TSX: CSM) is pleased to announce several new project and contract awards that were booked with major upstream, midstream and downstream North American energy companies during the period from November 1, 2021 to the date of this press release. These new project and contract awards are estimated to generate approximately $218 million in backlog. The work will be executed by ClearStream’s Flint, ClearWater, Environmental, Universal Weld Overlays and Wear Technologies divisions and will be comprised of Heavy Equipment Operators, Maintenance, Turnarounds, Fabrication, Pipeline and Facility Construction, Electrical and Instrumentation, Corrosion and Abrasion Wear Technologies, and Abandonment and Reclamation services. Approximately one-third...

Day: December 21, 2021

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