Year: 2021

EVERETT, Wash., Dec. 17, 2021 (GLOBE NEWSWIRE) — Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the closing of its underwritten public offering of 851,853 shares of its common stock at a price to the public of $40.50 per share, including 111,111 shares of common stock sold pursuant to the underwriters’ option to purchase additional shares, which was exercised in full. The aggregate gross proceeds of the offering were approximately $34.5 million before deducting underwriting discounts and estimated offering expenses. The Company intends to use the net proceeds from this offering for general corporate purposes, including, without limitation, supporting investment opportunities and the Bank’s growth. Keefe, Bruyette & Woods,...

LOS ANGELES, Dec. 17, 2021 (GLOBE NEWSWIRE) — During fiscal 2021, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $49,389,000 as compared with $49,942,000 in the prior year. This decrease of $553,000 was primarily from decreases in (i) Journal Technologies’ license and maintenance fees of $603,000 and consulting fees of $1,399,000, and (ii) the Traditional Business’ trustee sale notice advertising net revenues of $264,000, display advertising net revenues of $92,000 and circulation revenues of $514,000, partially offset by increases in (i) Journal Technologies’ public service fees of $1,249,000 and (ii) the Traditional Business’ classified advertising net revenues of $13,000, legal notice advertising net revenues of $663,000 and government notice advertising net revenues of $158,000. The Traditional Business’...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Dec. 17, 2021 (GLOBE NEWSWIRE) — Eguana Technologies Inc. (“Eguana” or the “Company”) (TSX.V:EGT) (OTCQB: EGTYF) announces that, effective as of December 17, 2021, DHCT II Luxembourg SARL (“DHCT”), the Company’s largest shareholder, has elected to convert all of the Series A preferred shares (the “Series A Shares”) it holds, being 434,860 Series A Shares, into 18,119,167 common shares (the “Conversion Shares”) of the Company (the “Series A Conversion”). In respect of the accretive dividend payable on the Series A Shares, the Company has paid DHCT $500,000 and intends to issue 1,326,986 common shares of the Company (the “Dividend Shares”) to DHCT at a deemed price per share of $0.45, representing yesterday’s closing...

BLUEFIELD, Va., Dec. 17, 2021 (GLOBE NEWSWIRE) — First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) First Community Bankshares, Inc. (“First Community”) is pleased to announce the appointment of Dr. Beth A. Taylor to its board of directors, effective January 1, 2022. Dr. Taylor will also serve as a director for First Community’s banking subsidiary, First Community Bank. Dr. Taylor is a long-time resident of Wytheville, Virginia. She was first elected to the Wytheville Town Council in August 2016 and elected as Wytheville’s first female mayor on July 30, 2018 to a term ending December 31, 2022. She currently serves on the Crossroads Regional Industrial Facility Authority, the Beautification Task Force, the Budget and Finance Committee, and the Tree Advisory Committee. She routinely attends the Joint Industrial...

SAN FRANCISCO, CA, Dec. 17, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — APT Systems, Inc. (OTC Pink: APTY), a software development and fintech company, announced it had deployed its Spera stablecoin onto the Testnet as part of its internal testing and quality assurance prior to release of Spera onto the MainNet for distribution. “Releasing our Spera stablecoin onto the Testnet represents a major milestone in our development efforts,” says Glenda Dowie, Founder and Chief Executive Officer of APT Systems, Inc. “During this testing phase we perform a final quality assurance pass prior to bringing in third parties for independent security verification.” Testnet is an alternative blockchain used for validating cryptocoin functionality and Testnet coins are distinctively different from actual coins as they have no value. But their...

BEVERLY, Mass., Dec. 17, 2021 (GLOBE NEWSWIRE) — LexaGene Holdings, Inc., (TSX-V: LXG; OTCQB: LXXGF) (the “Company”), a molecular diagnostics company that has commercialized an instrument for automated multiplex PCR testing, is pleased to announce the voting results of the Company’s 2021 Annual General Special Meeting (the “Meeting”) held on December 16, 2021 in Vancouver, British Columbia. A total of 50,094,097 common shares were voted at the Meeting, representing 41.97% of the votes attached to all outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting were duly authorized and approved as follows:To set the number of Directors to be elected at five. Election of Directors. The appointment of RSM US LLP, Certified Public Accountants, as auditor of the Company for the ensuing year. The...

December 17, 2021 SBM Offshore is pleased to announce that it has secured a US$620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão. The FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil. Mero is a project under Libra Consortium responsibility, in which Petrobras is the operator with 40 percent and with the following partners: Shell Brasil with 20 percent, TotalEnergies with 20 percent, CNODC and CNOOC Limited with 10 percent each, together with Pré-sal Petróleo S.A. (PPSA) as manager of this contract. The facility was secured by the special purpose company which will own FPSO Alexandre de Gusmão. Currently, SBM Offshore is the sole owner of this special purpose company. Discussions around the divestment of 45% of the equity ownership to partners...

Business combination with CM Life Sciences III results in approximately $1.3 billion in cash proceeds Combined company to trade on Nasdaq Global Market under ticker “EQRX”NEW YORK and CAMBRIDGE, Mass., Dec. 17, 2021 (GLOBE NEWSWIRE) — CM Life Sciences III (Nasdaq: CMLT, CMLTW, CMLTU), a life science-focused special purpose acquisition company, or SPAC, sponsored by affiliates of Casdin Capital, LLC and Corvex Management LP, and EQRx, Inc., a new type of pharmaceutical company committed to developing and delivering important new medicines to patients at radically lower prices, today announced the completion of their business combination. The business combination was approved by CM Life Sciences III’s stockholders at its special meeting held on December 16, 2021. EQRx, Inc., the resulting combined company, and its common stock...

Continued Strength in E-Commerce Business Segment has Driven Revenue Growth  New York, NY, Dec. 17, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), a New York based diversified Life Sciences Company, today announced that it will report record Quarterly Net Revenue, for its current operating Quarter – 3rd Fiscal Quarter 2022 (Period: October 1 – December 31, 2021).   Continued strength in the Company’s highest margin E-Commerce business segment has driven revenue growth.  This will be the 2nd consecutive Quarter in which the Company reports record Net Revenue.   The Company is working diligently on a number of potentially important catalysts.  Moving forward, the Company is confident in both its business prospects as well as its ability to execute. ABOUT TAURIGA...