Day: March 17, 2022
Orlando, FL, March 17, 2022 (GLOBE NEWSWIRE) — Branded Legacy, Inc. (OTCQB: BLEG), a holding company focused on the commercial development of hemp and cannabinoid-infused beverages, along with an array of CBD topicals and tinctures completes a letter of intent to acquire All In Extracts, LLC.
Branded Legacy, Inc. signed a letter of intent to acquire All In Extracts, LLC d.b.a. Star Hill Hemp on Monday morning. Owned by Matt Grisham, Aaron Landerville, and Lorraine A, All In Extracts is located at 27003 Hickory Hill Rd, Brooksville, FL 34602. The potentially acquired Company is in the business of extraction and manufacturing of Delta-8, Delta-9, THC-O, and CBD products. All In Extracts also has its own brand called Star Hill Hemp to retail tinctures and gummies of its own making. The letter of intent represents basic terms agreed...
Diversey Announces Appointment of Eric Foss as Chairman of the Board
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FORT MILL, S.C., March 17, 2022 (GLOBE NEWSWIRE) — Diversey Holdings, Ltd. (NASDAQ: DSEY), a leading provider of hygiene, infection prevention and cleaning solutions, today announced that its Board of Directors has appointed Eric Foss as Chairman of the Board effective March 17.
Foss succeeds Selim Bassoul who will remain a Director.
Mr. Foss has been a Director since Diversey’s IPO in March 2021.
“Eric is a highly successful leader, with a proven track record of driving growth, creating sustainable shareholder value, building high performance teams and creating a purpose driven legacy for global at scale companies,” said Phil Wieland, Diversey’s CEO.
“I look forward to continuing to work with Phil, his team and the Board at such an exciting time as we continue to drive growth and long-term value for all key constituents –...
5E Executes Research Agreement That Aims to Enhance the Performance of Permanent Magnets Through Increased Boron Usage
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HIGHLIGHTS5E to collaborate with world renowned U.S. institution, Georgetown University
Research aims to enhance the performance of permanent magnets through increased boron usage
Research has the potential to create novel intellectual property and commercialization pathways for 5E as it pertains to the manufacturing of boron enhanced permanent magnetsHOUSTON, March 17, 2022 (GLOBE NEWSWIRE) — 5E Advanced Materials, Inc. (Nasdaq:FEAM) (ASX:5EA) (“5E” or the “Company”) has entered into a research collaboration agreement with Georgetown University (“Georgetown”) for the advancement of boron based materials research in permanent magnets. Under the terms of the agreement, 5E will provide funds to and collaborate with Georgetown in exploring boron-based novel magnetic materials. This research has the potential to create intellectual...
Mondelēz International Announces an Increase of the Maximum Tender Amount and the Early Tender Results of Its Previously Announced Cash Tender Offer
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CHICAGO, March 17, 2022 (GLOBE NEWSWIRE) — Mondelēz International, Inc. (Nasdaq: MDLZ) (“Mondelēz International”) today announced the early tender results as of 5:00 p.m., New York City time, on March 16, 2022 (the “Early Tender Date”) for its previously announced offer to purchase (the “Tender Offer”) for cash up to an aggregate consideration amount, including premium, but excluding any Accrued Interest (as defined below), of $850,000,000 (such amount as it may be amended, the “Maximum Tender Amount”) of the debt securities listed in the table (the “Notes”) from each holder (individually, a “Holder,” and collectively, the “Holders”) of the applicable Notes, each issued under the applicable indenture, as supplemented by the applicable officers’ certificate, governing each series of Notes.Title ofSecurity
CUSIP / ISIN
Maturity...
ADDvantage Technologies Announces Cost-Reduction Initiative, Designed to Align Expenses with Growing 5-G Demand
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With Initial 5-G-Related Scaling Complete, Company Eliminates $2.4 Million in Fulton-Related G&A, Expected to Be Evident in Second-Half of Fiscal Year
CARROLLTON, Texas, March 17, 2022 (GLOBE NEWSWIRE) — ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today announced a significant cost-reduction initiative, designed to improve operational efficiency and reduce costs following the initial ramp-up to meet the growing demand for 5-G and related tower work.
As the Company has received more clarity into the pace and geographic distribution of 5-G work for the balance of the year, management has been able to reallocate resources and improve operational efficiency. Senior leadership has taken action, starting in March 2022, to reduce annual operating, general and administrative expenses...
Codorus Valley Bancorp Issues Statement Regarding Recent Settlement Discussions with Driver Management
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Management has the unanimous support of Codorus Valley Bancorp’s Board of Directors
YORK, Pa., March 17, 2022 (GLOBE NEWSWIRE) — Codorus Valley Bancorp, Inc. (“Codorus Valley” or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”), today disclosed its attempts to engage in good faith settlement discussions with Driver Management Company LLC (“Driver”), despite Driver’s campaign of promoting numerous misinformed accusations against the Corporation’s Board of Directors (the “Board”) and management.
Since Driver began campaigning in May 2021, the Board and management have continuously engaged in discussions to understand the basis for Driver’s criticisms, believing that shareholders should have the opportunity to speak directly with their representatives in the boardroom. When...
Olink publishes 2021 annual report
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UPPSALA, Sweden, March 17, 2022 (GLOBE NEWSWIRE) — Olink Holding AB (publ) (“Olink”) (Nasdaq: OLK) today announced that the Annual Report for 2021 is now available on the Company’s website at https://investors.olink.com/.
About OlinkOlink Holding AB (Nasdaq: OLK) is a company dedicated to accelerating proteomics together with the scientific community, across multiple disease areas to enable new discoveries and improve the lives of patients. Olink provides a platform of products and services which are deployed across major biopharmaceutical companies and leading clinical and academic institutions to deepen the understanding of real-time human biology and drive 21st century healthcare through actionable and impactful science. The Company was founded in 2016 and is well established across Europe, North America, and Asia. Olink is...
EMC Insurance Companies Moves to Update Its Agency Distribution Management Systems with SaaS to Support Optimized Agent Experiences
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Commercial lines insurer invests in Duck Creek Distribution Management
Boston, March 17, 2022 (GLOBE NEWSWIRE) — Duck Creek Technologies (NASDAQ: DCT) announced today that EMC Insurance Companies has selected Duck Creek Distribution Management, a software-as-a-service (SaaS) solution offered via Duck Creek OnDemand, to optimize relationships with the agents and agencies that represent the carrier. Duck Creek Distribution Management’s depth and breadth of functionality were cited as major factors in EMC’s decision to modernize its agency management systems.
Duck Creek Distribution Management is a modern producer relationship management system that enables insurers to tailor all aspects of the producer lifecycle to attract, retain, increase productivity, and build trust with agents, brokers, MGAs, and other intermediaries. As a modern...
Natural Gas Services Group, Inc. Reports Year End and Fourth Quarter 2021 Earning
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
Midland, TX, March 17, 2022 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (NYSE:NGS) (the “Company” or “NGS”), a leading provider of gas compression equipment and services to the natural gas and oil industry, announces its financial results for the three months and full year ended December 31, 2021. Financial results contained herein reflect the unaudited consolidated financial statements included in the Company’s Form 10-K that will be filed on or about March 18, 2022.
2021 HighlightsNGS generated strong cash flow in 2021 The Company’s cash balance as of December 31, 2021 was $22.9 million, a decrease from $28.9 million on December 31, 2020, a result of our capital expenditure program of $25.7 million and our stock repurchase program.
Full-year cash flow from operating activities...
Century Therapeutics Reports Fourth Quarter and Year-end 2021 Financial Results and Provides Business Updates
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
IND submission for lead program CNTY-101 on track for mid 2022; Phase 1 ELiPSE-1 trial of CNTY-101 in relapsed/refractory lymphoma expected to commence after IND submission
Entered into a strategic collaboration with Bristol Myers Squibb to develop iPSC-derived allogeneic cell therapies
Ended 2021 with cash, cash equivalents, and marketable securities of $358.8M; Cash runway into 2025, including proceeds received from Bristol Myers Squibb in connection with the Collaboration Agreement
PHILADELPHIA, March 17, 2022 (GLOBE NEWSWIRE) — Century Therapeutics, Inc., (NASDAQ: IPSC), an innovative biotechnology company developing induced pluripotent stem cell (iPSC)-derived cell therapies in immuno-oncology, today reported financial results and business highlights for the fourth quarter and year ended December 31, 2021.
“Throughout 2021,...