Day: December 30, 2021

Mercurity Fintech Holding Inc. Reports Second Quarter 2021 Financial Results

Written by Customer Service on December 30, 2021. Posted in Earnings Releases And Operating Results.

SHENZHEN, Guangdong, Dec. 30, 2021 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (the “Company” or “MFH”) (Nasdaq trading symbol: MFH) today announced its unaudited financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Financial and Operating HighlightsQ2 2021 GAAP revenues of $0 thousand, compared to $0 thousand in Q2 2020. Q2 2021 GAAP gross profit of $0 thousand, compared to $0 thousand in Q2 2020. Q2 2021 GAAP net loss of $10,740 thousand, compared to net loss of $1,373 thousand in Q2 2020. Q2 2021 Non-GAAP net income of $31 thousand, compared to net loss of $538 thousand in Q2 2020.Mr. Zhu Wei, Co-Chairperson of the Board and Co-Chief Executive Officer, commented, “Our board of directors and management team have new members joining us in recent months, which will...

AMD and Xilinx Provide Update Regarding Expected Timing of Acquisition Close

Written by Customer Service on December 30, 2021. Posted in Mergers And Acquisitions.

SILICON VALLEY, Calif., Dec. 30, 2021 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) and Xilinx, Inc. (NASDAQ: XLNX) today released the following statement related to the status of global regulatory approvals for AMD’s proposed acquisition of Xilinx. “We continue making good progress on the required regulatory approvals to close our transaction. While we had previously expected that we would secure all approvals by the end of 2021, we have not yet completed the process and we now expect the transaction to close in the first quarter of 2022. Our conversations with regulators continue to progress productively, and we expect to secure all required approvals.” There are no additional changes to the previously announced terms or plans regarding the transaction and the companies continue to look forward to the proposed combination creating the...

Sonoco Recycling Acquires American Recycling of Western North Carolina

Written by Customer Service on December 30, 2021. Posted in Mergers And Acquisitions.

HARTSVILLE, S.C., Dec. 30, 2021 (GLOBE NEWSWIRE) — Sonoco Recycling, a unit of Sonoco (NYSE: SON), one of the largest sustainable global packaging companies, today announced it has acquired American Recycling of Western North Carolina, a privately owned recovered paper recycler located in Asheville, N.C. American Recycling of Western North Carolina is a privately owned business that processes approximately 30,000 tons of recovered fiber annually at its well-capitalized Asheville material recovery facility. The business expects to generate approximately $9 million in sales in 2021 and it is strategically located approximately 65 miles from Sonoco’s Newport, TN, uncoated recycled paperboard mill. “This acquisition provides Sonoco’s mill operations with a stable, lower-cost supply of recovered fiber with the opportunity to grow volumes...

Bank OZK Announces Date for Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

Written by Customer Service on December 30, 2021. Posted in Public Companies.

LITTLE ROCK, Ark., Dec. 30, 2021 (GLOBE NEWSWIRE) — Bank OZK (the “Bank”) (Nasdaq: OZK) expects to report fourth quarter and full year 2021 earnings after the market closes on Thursday, January 20, 2022. Management’s comments on the fourth quarter and full year 2021 will be released simultaneously with the earnings press release and will be available on the Bank’s investor relations website. Management will conduct a conference call to take questions at 10:00 a.m. CT (11:00 a.m. ET) on Friday, January 21, 2022. Interested parties may listen to this call by dialing 1-844-818-5110 (U.S. and Canada) or 210-229-8841 (international) and asking for the Bank OZK conference call. A recorded playback of the call will be available for one week following the call at 1-855-859-2056 (U.S. and Canada) or 404-537-3406 (international). The...

Seacoast Banking Corporation of Florida to Announce Fourth Quarter Earnings Results January 27, 2022

Written by Customer Service on December 30, 2021. Posted in Public Companies.

INVESTORS MAY LISTEN TO LIVE WEBCAST STUART, Fla., Dec. 30, 2021 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (NASDAQ: SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release fourth quarter 2021 results on January 27th, after the market closes. Upon release, investors may access a copy of Seacoast’s earnings results at the company’s website www.SeacoastBanking.com on the home page by selecting “Press Releases” under the heading “News/Events.” Seacoast will host a conference call January 28th at 10:00 a.m. Eastern Time, to discuss the fourth quarter 2021 earnings results and business trends. Investors may call in (toll-free) by dialing (800) 774-6070 (passcode: 7241 761; host: Charles Shaffer). Charts will be used during the conference call and may be accessed at Seacoast’s...

Churchill Announces Closing of Flow-Through Private Placement

Written by Customer Service on December 30, 2021. Posted in Public Companies.

TORONTO, Dec. 30, 2021 (GLOBE NEWSWIRE) — Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce the closing of a non-brokered private placement consisting of the sale of 2,403,257 flow-through units of the Company (each, a “FT Unit”) at a price of C$0.31 per FT Unit for aggregate gross proceeds of approximately $745,000 (the “Offering”). Each FT Unit consisted of one common share of the Company issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.42 for a period of 24 months following the closing date of the Offering. The Company...

Results of Operations for the Three Months Ended September 30, 2021 – American Overseas Group Limited Announces Net Loss Of $1.8 Million and Operating Loss of $1.8 Million For the Three Months Ended September 30, 2021

Written by Customer Service on December 30, 2021. Posted in Earnings Releases And Operating Results.

HAMILTON, Bermuda, Dec. 30, 2021 (GLOBE NEWSWIRE) — American Overseas Group Limited BSX: AORE.BH) (Pink Sheets: AOREF.PK) (“AOG” or the “Company”) today reported consolidated net loss available to common shareholders of $1.8 million, or $37.38 per diluted share, for the three months ended September 30, 2021. This compares to consolidated net income available to common shareholders of $0.5 million, or $11.58 per diluted share, for the three months ended September 30, 2020. Book value per weighted share at September 30, 2021 was $959.06, a decline from the book value per weighted share of $1,126.51 at September 30, 2020. For the three months ended September 30, 2021, the Company had an operating loss of $1.8 million, or $37.68 per diluted share, compared to operating income of $0.6 million, or $11.90 per diluted share for the three...

SCWorx Announces Settlements of Securities Class Action and Derivative Action Lawsuits

Written by Customer Service on December 30, 2021. Posted in Public Companies.

New York, NY, Dec. 30, 2021 (GLOBE NEWSWIRE) — SCWorx Corp. (Nasdaq: WORX) today announced that it has entered into binding agreements to settle both the securities class action and derivative action lawsuits which were commenced in 2020. The class action was consolidated under the caption Yannes v. SCWorx Corp. (1:20-cv-03349). The proposed settlement resolves all claims asserted against SCWorx and the other named defendants without any admission of liability or wrongdoing by the Company or any defendant. Under the terms of the class action agreement, (i) the insurers for the Company and Marc Schessel (former CEO) will make a cash payment to the class plaintiffs and (ii) the Company will issue $600,000 worth of common stock to the class Plaintiffs, in exchange for which all parties will be released from all claims related to...

One World Universe, Inc. Adds Third Revenue Generating Warehouse Building to its Asset Portfolio

Written by Customer Service on December 30, 2021. Posted in Public Companies.

Vacant Warehouses to Be Used For Newly Created CBD/Seed Division named Medi-Natural HUNTINGTON BEACH, CA, Dec. 30, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — One World Universe Inc. (OTC: OWUV), a publicly traded company that invests in sports related businesses, distressed assets, business opportunities within emerging industries and providing humanitarian efforts in over 185 countries, has been gifted a 3rd warehouse building valued at $2.5M. The 3 buildings will add $6M USD in property value to the company. All of the buildings are “free and clear”, have no liens, and the latest asset is located at 17802 Metzler Lane, Huntington Beach, CA 92647. The buildings will bring immediate value, additional cash flow into the holding company and will be used for their newly created Medi-Natural Seeds and CBD company. “As mentioned...

Voxtur Analytics Closes Acquisition of Benutech

Written by Customer Service on December 30, 2021. Posted in Mergers And Acquisitions.

Voxtur Bolsters its SaaS Title Offerings with Acquisition of Benutech TORONTO and TAMPA, Fla., Dec. 30, 2021 (GLOBE NEWSWIRE) — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce that, further to the news releases issued on November 24, 2021 and December 21, 2021, it has completed the acquisition (“Acquisition”) of Benutech, Inc. (“Benutech”). Benutech brings efficiency and profitability to real estate with innovative data solutions and an advanced technology platform. With one of the largest repositories of real-time property data in the United States, Benutech enables real estate professionals to access data from multiple public and private data sources through...

Day: December 30, 2021

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