Day: April 1, 2022

TOP Ships Inc. Announces Corporate Developments

Written by Customer Service on April 1, 2022. Posted in Public Companies.

ATHENS, Greece, April 01, 2022 (GLOBE NEWSWIRE) — TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it has concluded its previously announced sale of the MR2 product tanker Eco City of Angels to unaffiliated third parties. The related secured financing has been prepaid in full and the cash proceeds of the sale amount to about $9.4 million, before fees and expenses relating to the sale. Finally, as of the date of this release 7,200,000 Series F Preferred Shares have been issued. About TOP Ships Inc. TOP Ships Inc. is an international ship-owning company.For more information about TOP Ships Inc., visit its website: www.topships.org. Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements....

Guggenheim Investments Announces April 2022 Closed-End Fund Distributions

Written by Customer Service on April 1, 2022. Posted in Dividend Reports And Estimates.

NEW YORK, April 01, 2022 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”). The following dates apply to the distributions:Record Date April 14, 2022Ex-Dividend Date April 13, 2022Payable Date April 29, 2022Distribution ScheduleNYSE Ticker Closed-End Fund Name DistributionPer Share Change from Previous Distribution FrequencyAVK Advent Convertible and Income Fund $0.1172† MonthlyGBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $0.12573† MonthlyGOF Guggenheim Strategic Opportunities Fund $0.1821† MonthlyGUG Guggenheim Active Allocation Fund $0.11875 Monthly† A portion of...

Global Internet of People, Inc. Announces Results of Extraordinary General Meeting of Shareholders

Written by Customer Service on April 1, 2022. Posted in Public Companies.

Beijing, China, April 01, 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 Company held an extraordinary general meeting of shareholders on April 1, 2022, and the Company’s shareholders voted to approve the following proposal: (i) the formation of a joint venture by the Company, Guizhou Yilong District Industrial Development Investment Co., Ltd., a company wholly owned by the local government of Yilong District in Xingyi City of Guizhou Province, and certain other entities and individuals, for the purposes of producing anode materials for lithium-ion batteries (the “Joint Venture”), and ii) the entry into an investment agreement in connection...

Surface Oncology Reports Inducement Grant under Nasdaq Listing Rule 5635(c)(4)

Written by Customer Service on April 1, 2022. Posted in Public Companies.

CAMBRIDGE, Mass., April 01, 2022 (GLOBE NEWSWIRE) — Surface Oncology, Inc. (Nasdaq: SURF), a clinical-stage immuno-oncology company developing next-generation immunotherapies that target the tumor microenvironment, today announced that Surface’s board of directors granted Theresa Boni, J.D., general counsel and senior vice president, legal, non-qualified stock options to purchase 120,000 shares of the company’s common stock with a per share exercise price of $2.87, the closing price of Surface’s common stock as reported by Nasdaq on April 1, 2022. The option grant was made pursuant to Surface’s 2021 Inducement Plan as an inducement material to Ms. Boni entering into employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4). The stock options have a 10-year term and vest over four years, with 30,000 vesting on...

TOFUTTI ANNOUNCES RESULTS FOR FISCAL YEAR ENDED JANUARY 1, 2022

Written by Customer Service on April 1, 2022. Posted in Public Companies.

Cranford, New Jersey, April 01, 2022 (GLOBE NEWSWIRE) — TOFUTTI BRANDS INC. (OTCQX Symbol: TOFB) issued its results for the fiscal year ended January 1, 2022 today. Tofutti Brands reported net sales for the fiscal year ended January 1, 2022 of $12,590,000, a decrease of $1,225,000 or 9%, from net sales of $13,815,000 for the fiscal year ended January 2, 2021. Sales of vegan cheese products decreased to $10,761,000 in the fiscal year ended January 1, 2022 from $11,669,000 in the fiscal year ended January 2, 2021. Sales of our frozen dessert and frozen food product lines decreased to $1,829,000 in the fiscal year ended January 1, 2022 from $2,146,000 in the fiscal year ended January 2, 2021. Overall, our sales were negatively impacted by the discontinuance of several frozen desserts and cheese products during the fiscal year ended...

FRO – Termination of charter-in contracts of two VLCCs

Written by Customer Service on April 1, 2022. Posted in Public Companies.

Frontline Ltd. (“Frontline” or the “Company”) today announced that Frontline Shipping Limited (“FSL”) has agreed with SFL Corporation Ltd. (“SFL”) to terminate the long term charters for the 2004-built very large crude carriers (“VLCCs”) Front Force and Front Energy upon the sale and delivery of the vessels by SFL to an unrelated third party. Frontline has agreed to a total compensation payment to SFL of approximately $4.5 million for the termination of the current charters. The charters with SFL are expected to terminate in the second quarter of 2022. April 1, 2022 The Board of DirectorsFrontline Ltd. Hamilton, Bermuda Questions should be directed to: Lars H. Barstad: Chief Executive Officer, Frontline Management AS+47 23 11 40 84 Inger M. Klemp: Chief Financial Officer, Frontline Management AS+47 23 11 40 76 Forward-Looking Statements Matters...

Relativity Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing April 4, 2022

Written by Customer Service on April 1, 2022. Posted in Public Companies.

NEW YORK, NY, April 01, 2022 (GLOBE NEWSWIRE) — Relativity Acquisition Corp. (Nasdaq: RACYU) (the “Company”) today announced that, commencing April 4, 2022, holders of the units sold in the Company’s initial public offering of 14,375,000 units completed on February 15, 2022, may elect to separately trade the shares of the Company’s Class A common stock (“Class A Common Stock”) and warrants included in the units. Class A common stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols “RACY” and “RACYW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “RACYU.” This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities...

Elvictor Group Inc. Fiscal Year 2021 Financial Results

Written by Customer Service on April 1, 2022. Posted in Earnings Releases And Operating Results.

RENO, Nevada, April 01, 2022 (GLOBE NEWSWIRE) — Elvictor Group Inc. (OTC Pink: ELVG) (“Elvictor” or the “Company”) announced today that on March 31st, 2022 the Company filed its financial and operating results for the full year ended December 31, 2021. The Company’s Financial Statements are available on the Company’s website at www.elvictorgroup.com and in the Company’s Annual Report on Form 10-K filed with the U.S. Securities Commission (“SEC”) on March 31, 2022, on the SEC’s website at www.sec.com. Full Year 2021 Financial Highlights:Revenue for Fiscal Year 2021 was $2,387,020, which represented an increase of $1,920,456 or 412% compared to revenue of $466,658 for the same period in 2020. Gross Profit for Fiscal Year 2021 was $1,367,249 translating to a Gross Profit Margin of 57.3%, which represented an increase...

Sotherly Hotels Inc. Reports Preliminary Operating Results for the First Quarter Ended March 31, 2022

Written by Customer Service on April 1, 2022. Posted in Earnings Releases And Operating Results.

WILLIAMSBURG, Va., April 01, 2022 (GLOBE NEWSWIRE) — Sotherly Hotels Inc. (NASDAQ: SOHO), (“Sotherly” or the “Company”), a self-managed and self-administered lodging real estate investment trust (a “REIT”), today reported preliminary operating results for the Company’s eleven wholly-owned properties, (“same-store” portfolio metrics). Accordingly, the actual data does not include the participating condominium hotel rooms of the Hyde Resort & Residences and the Hyde Beach House or the Sheraton Louisville Riverside which was sold on February 11, 2022. Preliminary same-store portfolio metrics for the first quarter 2022 were as follows:January Results March Results January 2022 % Variance to 2021 % Variance to 2019 March 2022 % Variance to 2021 % Variance to 2019Occupancy 38.9 % 9.0 % -35.4 % Occupancy 69.5 % 41.0 % -12.6 %ADR $ 152.83 23.0 % -4.8 % ADR $ 184.65 33.1 % 6.8 %RevPAR $ 58.67 33.1 % -38.6 % RevPAR $ 127.51 88.3 % -6.5 % February...

GRAY CLOSES ITS PURCHASE OF TELEMUNDO ATLANTA

Written by Customer Service on April 1, 2022. Posted in Mergers And Acquisitions.

Susan Sim Oh Now Leads Gray’s Telemundo Station Group ATLANTA, April 01, 2022 (GLOBE NEWSWIRE) — Gray Television, Inc. (“Gray”) (NYSE: GTN) today closed on its previously announced acquisition of WKTB-CD, which broadcasts top-tier Spanish and Korean broadcast networks, including Telemundo and which ultimately serves the fastest growing minority groups in Atlanta with a reach of over one million viewers. The purchase also included sister company Surge Digital Media, a full-service, boutique digital agency that excels at multi-cultural, multi-lingual marketing and video production. Concurrent with the closing, the station’s former owners joined Gray Television along with the rest of the station and Surge Digital employees. Susan Sim Oh is now Gray’s Vice President of Strategy and Operations, Telemundo Station Group. In this new...

Day: April 1, 2022

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