Month: January 2022

Company intends to use net proceeds to execute on its business model SAFETY HARBOR, FL, Jan. 27, 2022 (GLOBE NEWSWIRE) — Cryptyde, Inc., currently a wholly owned subsidiary of Vinco Ventures, Inc (Nasdaq: BBIG), which is expected to trade, if approved by Nasdaq, under the symbol TYDE, a blockchain technology company focused on consumer adoption of smart contract technologies, announced it has entered into definitive agreements for a debt and common equity raise of $42 million. Secured convertible senior notes (the “Notes”) in the amount of $33.3 million are expected to be sold to an institutional investor for $30 million and mature in 2025, unless earlier converted, redeemed or repurchased. If converted, the Notes convert into shares of Cryptyde common stock at $10.00 per share. In addition, the company has entered into an agreement...

Sprouts to Carry 16 New Reed’s® SKUs Across All 376 Stores NationwideReed’s® Launches Multiple New Beverages in Sprouts Farmers MarketSprouts to Carry 16 New Reed’s® SKUs Across All 376 Stores NationwideNORWALK, Conn., Jan. 27, 2022 (GLOBE NEWSWIRE) — Reed’s Inc.® (NASDAQ: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, all-natural ginger beverages, announced today that it will begin distributing 16 new SKUs to Sprouts Farmers Market Inc. (NASDAQ: SFM) (“Sprouts”). The Sprouts partnership kicked off in 2021 with the launch of Reed’s Ginger Ale and Ginger Beer, both in original and zero sugar options. Following a strong year of sell-through, Sprouts and Reed’s are expanding its distribution agreement to include multiple Reed’s Zero Sugar Ginger Ale flavors, Virgil’s Original...

Republic Bank 51st & 3rdRepublic Bank Hires Greg LiCalziPHILADELPHIA, Jan. 27, 2022 (GLOBE NEWSWIRE) — Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced the hire of Gregory LiCalzi as Senior Vice President and Director of Nonprofit and Government Banking. In this role, Greg will be responsible for working with the bank’s new and existing nonprofit and municipal customers. He will also assist with other aspects of municipal finance and capital markets, a key area of focus for the bank. Greg comes to Republic Bank with extensive public finance experience, previously holding senior roles at a number of investment banking institutions in New York City over the past 15 years. Most recently, he served as Senior Vice President in the Project Finance Department of Roosevelt...

Gaithersburg, MD, Jan. 27, 2022 (GLOBE NEWSWIRE) — Sodexo, a leader in food services and facilities management, announced today the company’s commitment to support the renewable energy infrastructure by purchasing renewable energy credits (RECs) covering 50 percent of electricity consumption by the end of FY22 and 100 percent by FY23. This commitment is fueled by Sodexo’s joining of RE100 in 2021, the global initiative bringing together the world’s most influential businesses committed to 100 percent renewable electricity. “We’re proud to directly support renewable electricity infrastructure and achieve our commitment early,” explained Jessica Synkoski, Vice President, Sustainability and Corporate Social Responsibility, Sodexo North America. “We were also proud to be the first food services and facilities management company to...

SUFFOLK, Va., Jan. 27, 2022 (GLOBE NEWSWIRE) — TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) announced today that J. Morgan Davis, a founding member of the Company and current Chief Executive Officer, plans to retire in 2022. In order to ensure a smooth and orderly transition process, Mr. Davis intends to remain in his current position until the appointment of his successor and will help with the transition as necessary, after which he will serve as a senior advisor to the Company. Mr. Davis has held a variety of key leadership roles at the Company since its founding in 1999, and served as President from 2011 through 2021, and as Chief Executive Officer since 2018, a position he will continue to hold until his successor is appointed. “Morgan has played an instrumental role in the launch and steep growth trajectory of Towne...

RADNOR, PA, Jan. 27, 2022 (GLOBE NEWSWIRE) — BM Technologies, Inc. (NYSE American: BMTX)(“the Company” or “BMTX”), one of the largest digital banking platforms and banking as a service providers, announced that it will participate in the following investor conferences:Alliance Global Partners’ Emerging Growth Technology Conference on February 2nd, 2022 Jefferies Payments & FinTech Summit on March 1st – 2nd, 2022Members of the senior management team will be presenting and hosting 1×1 meetings. About BM Technologies, Inc. BM Technologies, Inc. (NYSE American: BMTX)—formerly known as BankMobile—is among the largest digital banking platforms and banking as a service providers, providing access to checking and savings accounts, personal loans, credit cards, and financial wellness. It is focused on technology, innovation,...

VANCOUVER, British Columbia, Jan. 27, 2022 (GLOBE NEWSWIRE) — ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles, announces the retirement of Henry Reisner, a co-founder and the current Executive VP and a director of the Company, with effect immediately. Kevin Pavlov, the Company’s Chief Executive Officer, stated, “On behalf of the Board of Directors and management team, I would like to celebrate all of Henry’s contributions over the course of his six years with ElectraMeccanica. We applaud Henry for his leadership, dedication and tireless efforts as he has been instrumental in making ElectraMeccanica what it is today, and we wish him the very best.” Henry Reisner stated, “Today I announce my retirement from my roles within ElectraMeccanica....

PITTSBURGH, Jan. 27, 2022 (GLOBE NEWSWIRE) — II‐VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, today announced that it has pledged $100,000 over the next five years to the new Women in Optics (WiO) scholarship program recently launched by the Optica Foundation, Inc. “Women scientists and engineers can be found throughout II-VI globally, making groundbreaking contributions, and we look forward to many more joining our ranks,” said Dr. Vincent D. Mattera, Jr., Chair and CEO of II-VI Incorporated. “We strongly encourage women to become the future generation of leaders in optics, optoelectronics, and photonics, following in the footsteps of those who have already reached the higher echelons in our industry. We celebrate both women and men who have been recognized as thought leaders,...

Latest Advancement in Oral Care Increases Access to Innovative Teeth Whitening for a Brighter, Healthier SmileSmileDirectClubPro Whitening System PlusNASHVILLE, Tenn., Jan. 27, 2022 (GLOBE NEWSWIRE) — SmileDirectClub, Inc. (Nasdaq: SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced the expansion of its best-in-class oral care product offerings with its new Pro Whitening System Plus, featuring a Wireless LED Whitening Light. Putting advanced technology directly in the hands of consumers, the Pro Whitening System Plus is the brand’s most complete teeth whitening system available, offering even more convenience and value. This new extension to SmileDirectClub’s bestselling Pro Whitening System, the Pro Whitening System Plus features two 1-week treatments...

GLEN HEAD, New York, Jan. 27, 2022 (GLOBE NEWSWIRE) — The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, reported net income and earnings per share for the quarter and year ended December 31, 2021. In the highlights that follow, all comparisons are to the prior year or quarter unless otherwise indicated. 2021 HIGHLIGHTSNet Income and EPS were $43.1 million and $1.81, respectively, versus $41.2 million and $1.72 ROA and ROE were 1.04% and 10.34%, respectively, compared to 1.00% and 10.47% Net interest margin was 2.74% versus 2.64% Repurchased 679,873 shares at a cost of $14.5 millionFOURTH QUARTER HIGHLIGHTSNet interest margin improves to 2.86% versus 2.71% in the third quarter of 2021 Strong loan originations of $333 million Recorded charges of $2.0 million related...