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Day: March 15, 2022

Soluna Holdings Announces February Site Level Financials

Reiterates 1 EH/s Ramp by End of March 2022; February BTC Equivalent Per Day Increases 16% ALBANY, N.Y., March 15, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced the release of its February site level financials. Michael Toporek, CEO of Soluna Holdings, stated, “We are pleased to report a continued operating ramp and remain on track for our hashrate to hit 1 EH/s by the end of March and over 3 EH/s in the fourth quarter. Importantly, our project pipeline remains robust as we focus on becoming a leading curtailment solutions provider to the renewable energy industry.” Key Summary Highlights:February...

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LexinFintech Holdings Ltd. Reports Fourth Quarter and Full Year 2021 Unaudited Financial Results

SHENZHEN, China, March 15, 2022 (GLOBE NEWSWIRE) — LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), leading online consumption and finance platform in China, today announced its unaudited financial results for the quarter ended December 31, 2021. “The year 2021 marks the beginning of the structural transformation of our core business in response to the shift in regulatory and macro environment. The progress has been encouraging, with continuous increase in lending priced within 24% and a record level of loan origination for the full year,” said Jay Wenjie Xiao, Lexin’s chairman and chief executive officer. “We are also taking the opportunity to strengthen the operations from front to back, to make sure that we stay compliant as well as competitive. The team is committed to guiding Lexin forward and scaling...

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JOYY Reports Fourth Quarter and Full Year 2021 Unaudited Financial Results

SINGAPORE, March 16, 2022 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”, formerly known as YY Inc.), a global video-based social media company, today announced its unaudited financial results for the fourth quarter and full year of 2021. Fourth quarter 2021 Financial Highlights1Net revenues increased by 16.8% to US$663.7 million from US$568.2 million in the corresponding period of 2020. Net Income from continuing operations attributable to controlling interest of JOYY2 was US$73.2 million, compared to net loss of US$118.9 million in the corresponding period of 2020, primarily as a result of BIGO turning profits since the second quarter of 2021. Non-GAAP net income from continuing operations attributable to controlling interest and common shareholders of JOYY3 was US$98.3 million, compared to non-GAAP net...

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Stitch Fix Announces New Employee Inducement Grants

SAN FRANCISCO, March 15, 2022 (GLOBE NEWSWIRE) — Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling service, today announced that effective March 10, 2022, the compensation committee of the company’s board of directors granted Sachin Dhawan, Chief Technology Officer, the option to purchase 612,170 shares of the company’s Class A common stock, at a per share exercise price of $11.31, and restricted stock units (“RSU”) to acquire 306,085 shares of the company’s Class A common stock. One fourth (25%) of the stock options will vest on June 24, 2022, 4.17% of the options will vest each month over the following 6 months, 2.78% of the options will vest each month over the following 12 months, and 1.385% of the options will vest each month over the remaining 12 months, subject to Mr. Dhawan’s continued service on each...

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Sandy Spring Bancorp Announces Pricing of $200 Million Subordinated Debt Offering

OLNEY, Md., March 15, 2022 (GLOBE NEWSWIRE) — Sandy Spring Bancorp, Inc. (NASDAQ- SASR) (“Sandy Spring Bancorp” or the “Company”), the holding company for Sandy Spring Bank (the “Bank”), today announced that it has priced an underwritten public offering of $200 million aggregate principal amount of its fixed-to-floating rate subordinated notes due 2032 (the “Notes”). The Notes will initially bear a fixed interest rate of 3.875% per year. Commencing on March 30, 2027, the Notes will bear interest at a floating rate per annum equal to the benchmark rate (which is expected to be the three-month SOFR rate) plus a spread of 196.5 basis points, payable quarterly in arrears. The offering is expected to close on March 18, 2022, subject to the satisfaction of customary closing conditions. The Company plans to use the net proceeds from the...

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Gold Standard Ventures Files Feasibility Study Technical Report on South Railroad Project

VANCOUVER, British Columbia, March 15, 2022 (GLOBE NEWSWIRE) — Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) (TSX: GSV) (“Gold Standard” or the “Company”) is pleased to announce that the Company has filed a technical report, prepared in accordance with National Instrument 43-101, for its South Railroad Project located in Elko, Nevada. Gold Standard previously released the results of the Feasibility Study (see news release dated February 23, 2022) which demonstrate a robust project with low capital intensity, rapid payback, and peer leading returns. Key highlights contained in the technical report are presented below. The technical report is available on SEDAR under the Company’s profile at www.sedar.com and on Gold Standard’s website at www.goldstandardv.com. South Railroad Project Feasibility Study Highlights (all figures...

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Pfizer and BioNTech Submit for U.S. Emergency Use Authorization of an Additional Booster Dose of their COVID-19 Vaccine for Older Adults

Submission based on real-world safety and efficacy data from Israel Data showed rates of confirmed infections were 2 times lower and rates of severe illness were 4 times lower among individuals who received an additional booster dose of Pfizer-BioNTech COVID-19 Vaccine compared to individuals who received only an initial boosterNEW YORK and MAINZ, GERMANY, March 15, 2022 — Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) today announced the companies have submitted an application to the U.S. Food and Drug Administration (FDA) for Emergency Use Authorization (EUA) of an additional booster dose adults 65 years of age and older who have received an initial booster of any of the authorized or approved COVID-19 vaccines. The submission is based on two real-world data sets from Israel analyzed at a time when the Omicron variant was...

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Global Internet of People, Inc. to Hold Extraordinary General Meeting of Shareholders on April 1, 2022

BEIJING, March 15, 2022 (GLOBE NEWSWIRE) —  Global Internet of People, Inc. (“SDH” or the “Company”) (NASDAQ: SDH), an operator of a knowledge sharing and enterprise service platform via mobile application and through local centers in China, today announced that it has filed a proxy statement for an extraordinary general meeting (the “Meeting”) of holders of ordinary shares on March 15, 2022 and expects to hold the Meeting on April 1, 2022 at 9:30 a.m., Eastern Time (April 1, 2022, at 9:30 p.m., Beijing Time). To mitigate risks to the Company’s shareholders (the “Shareholders”), employees and other stakeholders, due to COVID-19, the Company will hold the Meeting in a virtual only format, which will be conducted via live audio webcast. Shareholders will be able to attend the Meeting and engage with the directors, management, and...

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Global Internet of People, Inc. Announces Appointment of Independent Director

Beijing, China, March 15, 2022 (GLOBE NEWSWIRE) — Global Internet of People, Inc. (“SDH” or the “Company”) (NASDAQ: SDH), an operator of a knowledge sharing and enterprise service platform via mobile application and through local centers in China, today announced the appointment of Dr. Xiang (Roy) Luo as a member of its board of directors (the “Board”), effective March 11, 2022, to replace Mr. John G. Nossiff, who resigned from the Board for personal reasons. Mr. Haiping Hu, CEO and Chairman of SDH commented: “We thank Mr. John G. Nossiff for his service to the Board for the past year, and are honored to have Mr. Luo join our Board as an independent director. Mr. Luo is an accomplished professional with extensive experiences in carbon neutral and sustainable development strategies. We are confident that Mr. Luo will provide valuable...

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Maxim Power Corp. Announces 2021 Fourth Quarter Financial and Operating Results, and Reports Significant Earnings with $156 million of Revenues, $79 million of Net Income and Record Adjusted EBITDA of $68 million in 2021

CALGARY, Alberta, March 15, 2022 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the fourth quarter ended December 31, 2021. The audited consolidated financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR and on MAXIM’s website on March 15, 2022. All figures reported herein are Canadian dollars unless otherwise stated. FINANCIAL HIGHLIGHTS  Three Months EndedDecember 31, Twelve Months Ended December 31,($ in thousands except per share amounts) 2021 2020 2021 2020Revenue 37,418 17,282 156,014 46,726Net income 4,402 8,923 78,509 9,260Earnings per share – basic 0.09 0.18 1.57 0.19Earnings per share – diluted 0.08 0.18 1.28 0.18Adjusted...

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