Day: February 15, 2022

Management Board of Northern Horizon Capital AS (the Management Company) has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the twelve months of 2021. G4S office building disposalOn 8 November 2021, Baltic Horizon Fund signed a real right agreement with HITS Investments OÜ to sell the land plot located at Paldiski mnt 80, Tallinn together with the G4S Headquarters office building. The sales price was EUR 15.35 million (excluding value added tax) matching approximately the latest valuation. The IRR for the holding period of more than 5 years was around 11.2%, while equity multiple was 1.7. The decision to dispose of the asset was made to avoid high re-leasing risk and potential capital expenditure of bringing the asset to a high energy efficiency standard.  The proceeds of the transaction...

NEW YORK, Feb. 15, 2022 (GLOBE NEWSWIRE) — Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) is pleased to announce that Lorence Kim, M.D., has been appointed to its Board of Directors, effective February 15, 2022. The appointment will increase the size of Cowen’s Board to nine members. “With his background in both health care and finance, Lorence is a tremendous addition to our Board,” said Jeffrey M. Solomon, Chair and Chief Executive Officer of Cowen. “As a well-respected member of the biotech community, Lorence brings his valuable operating experience and detailed understanding of a very important industry for us at Cowen. We look forward to his perspectives and expertise as we continue to execute on our strategy and drive value for Cowen’s stakeholders.” Dr. Kim is currently a Venture Partner at Third Rock Ventures. Until...

TORONTO, Feb. 15, 2022 (GLOBE NEWSWIRE) — Canadian Banc Corp. (the “Company”) is pleased to announce it will undertake an offering of Preferred Shares and Class A Shares of the Company. The offering will be led by National Bank Financial Inc. The Preferred Shares will be offered at a price of $10.35 per Preferred Share to yield 4.8% and the Class A Shares will be offered at a price of $15.75 per Class A Share with a target yield of 15.0%. The closing price on the TSX of each of the Preferred Shares and the Class A Shares on February 14, 2022 was $10.49 and $15.71, respectively. Since inception of the Company, the aggregate dividends paid on the Preferred Shares have been $8.75 per share and the aggregate dividends paid on the Class A Shares have been $17.64 per share, for a combined total of $26.38 per unit. All distributions to...

Statement by Bart Demosky, Executive Vice President and Chief Financial Officer, Bombardier: MONTRÉAL, Feb. 15, 2022 (GLOBE NEWSWIRE) — Earlier today, Bombardier Inc. (TSX: BBD.B) announced the partial redemption of $200 million of its 7.500% Senior Notes due 2024 and $200 million of its 7.500% Senior Notes due 2025. Thanks to our stellar performance in 2021, we did this redemption by using cash from our balance sheet. This marks another important milestone in deleveraging Bombardier’s balance sheet and reducing the cost of debt, which remain our main priorities as we continue to grow our business. Thanks to our strong 2021 results, we can now accelerate the repayment of our debts from the free cash generated in the past year. All of us at Bombardier will continue to work hard to steer the company further on the course we charted...

Fort Lauderdale, Florida, Feb. 15, 2022 (GLOBE NEWSWIRE) — Splash Beverage Group, Inc. (NYSE American: SBEV) (“Splash” or the “Company”), a portfolio company of leading beverage brands, today gave an update on its previously announced  pricing of an underwritten public  offering of its commons stock, pursuant to a “shelf” registration statement filed with the U.S. Securities Exchange Commission on October 8, 2021 (the “Offering”).  As previously announced the Company will sell 2,000,000 shares in the Offering for gross proceeds of approximately $8 million. The Company has also granted the underwriters a 45-day option to purchase up to an additional 300,000 shares of common stock at the public offering price, less the underwriting discounts and commissions, to cover over-allotments, if any. The Offering is expected to close on...

BOISE, Idaho, Feb. 15, 2022 (GLOBE NEWSWIRE) — PCS Edventures!, Inc., (PCSV) a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) education programs and drone products, today announced unaudited results of operations for its third quarter of Fiscal Year 2022, which ended on December 31, 2021. Revenue was $0.57 million, which was 61% higher than the $0.36 million in revenue for the same period last year. Net income for the third quarter was ($0.15 million) compared to ($0.04 million) for the third quarter of Fiscal Year 2021. The Company ended the quarter with $0.26 million in cash. Michael Bledsoe, President, commented, “Business conditions continue to improve for us compared to those in the year-ago period. Our third fiscal quarter ending in December is the seasonal low point of the year for us and...

NEW YORK, NY, Feb. 15, 2022 (GLOBE NEWSWIRE) —  Healthcare Capital Corp. (NASDAQ: HCCC, HCCCW, and HCCCU) (“HCCC”) today announced that on February 15, 2022 it convened and then adjourned, without conducting any other business, its special meeting of stockholders (the “Special Meeting”). The Special Meeting has been adjourned until February 18, 2022 at 10:00 a.m. Eastern Time (the “Adjournment”). The Special Meeting is being held to approve the business combination (the “Business Combination”) with Alpha Tau Medical Ltd. (“Alpha Tau”) and related proposals, as described in HCCC’s definitive proxy statement filed with the Securities and Exchange Commission (“SEC”) on January 14, 2022. The proxy card included with the previously distributed proxy materials will not be updated to reflect the adjournment and may continue to...

ST. LOUIS, Feb. 15, 2022 (GLOBE NEWSWIRE) — Huttig Building Products (Nasdaq: HBP), one of the nation’s largest wholesale distributors of millwork and specialty building products used principally in new residential construction and home improvement, plans to release its fourth quarter 2021 financial results on Wednesday, March 02, 2022 after market close. An earnings call with management is scheduled for Thursday, March 03, 2022 at 10:00 a.m. Central Daylight Time. Participants can listen to the call live via webcast by going to the investor portion of Huttig’s website at http://investor.huttig.com. Participants can also access the live conference call via telephone at (866) 238-1641 or (213) 660-0927 (international). The conference ID for this call is 4348227. About Huttig Huttig, currently in its 138th year of business,...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Feb. 15, 2022 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX) (“MAX Power” or the “Company”) is pleased to announce that it has completed its initial public offering (the “IPO”) of common shares (the “Shares”) in the capital stock of the Company. MAX Power issued 6,000,000 Shares that were qualified for distribution under its final prospectus dated December 24, 2021 at a price of $0.25 per Share for gross proceeds of $1,500,000 to purchasers in British Columbia, Alberta and Ontario. The net proceeds of the IPO will primarily be used to fund exploration on the Company’s Nicobat Property (the “Nicobat Property”) consisting of 165 non-contiguous mining cell claims covering nearly 22 sq. km in...