Month: May 2022

HOLLYWOOD, Fla., May 02, 2022 (GLOBE NEWSWIRE) — NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that it has selected the 2022 NV5 National Society of Black Engineers (NSBE) scholarship award winners. The ten scholarship awards for 2022 are part of NV5’s five-year $275,000 commitment to NSBE. Scholarships were awarded to undergraduate and graduate level students across the country studying a variety of disciplines, including technology and civil, electrical, and mechanical engineering. Award recipient selection was based on personal essays, educational accomplishments, positive contributions to the community, and professional recommendations. These award winners embody the NSBE mission “to increase the number of...

OAKLAND, Calif., May 02, 2022 (GLOBE NEWSWIRE) — California BanCorp (the “Company”) (Nasdaq: CALB), the parent company of California Bank of Commerce (the “Bank”), today announced that Thomas A. Sa has been appointed President of the Company and the Bank, effective immediately. Mr. Sa will continue in his roles as Chief Financial Officer and Chief Operating Officer of the Company and the Bank. Steven E. Shelton, who previously held the position of President of the Company and the Bank, will remain as Chief Executive Officer of the Company and the Bank. “The separation of the President and CEO roles reflects the growth of the Company and the management structure we believe is best suited to continue effectively executing on the strategies that are enhancing the value of our franchise,” said Steven E. Shelton, Chief Executive Officer...

VANCOUVER, British Columbia, May 02, 2022 (GLOBE NEWSWIRE) — Aequus Pharmaceuticals Inc. (TSX-V: AQS, OTCQB: AQSZF) (“Aequus” or the “Company”) announces that it has entered into an agreement with Mr. Doug Janzen, Chairman and Chief Executive Officer of the Company, pursuant to which Mr. Janzen will provide short-term financing to Aequus by way of an unsecured demand loan of C$2 million (the “Loan”). The purpose of the financing is to allow the Company to pay off the existing convertible debentures maturing May 2, 2022. Grant Larsen, Aequus’ Chief Commercial Officer, stated: “We are thankful for Doug’s investment. His continued confidence in our ability to provide cost-effective and high-quality solutions to meet both patient and physician needs. The proceeds from the note will enable us to repay the convertible debentures maturing...

PONTE VEDRA, Fla., May 02, 2022 (GLOBE NEWSWIRE) — Treace Medical Concepts, Inc. (“Treace” or the “Company”) (Nasdaq: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions), today announced that it has entered into a new five-year $150 million loan arrangement with MidCap Financial, comprising up to $120 million in term loans and a $30 million revolving credit facility. Proceeds from the new term loan refinanced the Company’s existing $30 million term loan from CR Group LP. In addition, the new revolving credit facility will expand the Company’s revolving credit capacity and replace the undrawn existing $10 million revolving credit facility from Silicon Valley Bank. “We are pleased to secure this non-dilutive debt financing with favorable terms, providing...

Thin Film Freezing Technology Co-Inventor Dr. Robert O. Williams III to Deliver Platform Presentation of Data on Stabilizing and Delivering Antivirals, Antibodies and Vaccines using Thin Film Freezing Technology in the Fight Against COVID-19 Members of Dr. Williams’ Lab at The University of Texas at Austin will Present Five Posters at RDD Meeting Research Showcases Versatility and Differentiation of the Thin Film Freezing Technology Platform and its Potential to Address Multiple Challenges in Drug Development of Biologics Dr. Williams and Colleagues Also Published New Research Demonstrating Significant Advantages of Thin Film Freezing Over Conventional Dry Freezing FORT WORTH, Texas, May 02, 2022 (GLOBE NEWSWIRE) — TFF Pharmaceuticals, Inc. (NASDAQ: TFFP), a clinical-stage biopharmaceutical company focused on developing and commercializing...

TORONTO, May 02, 2022 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it had completed the purchase of a 172-site Manufactured Housing Community (“MHC”) located in Red Deer, Alberta. The community, developed in 2000, was acquired for $16.5 million, funded with existing liquidity. Occupancy was 100% at closing. “With this acquisition, we now own and operate 77 manufactured housing communities, well-located in key markets across Canada totaling 12,375 MHC sites,” commented Mark Kenney, President and CEO. “Looking ahead, we will continue to further diversify our residential portfolio, including a strong focus on the MHC sector due to its contribution to housing affordability, the strength and stability of its revenue streams, and the attractive return profile.” “Over...

HAMILTON, Ontario, May 02, 2022 (GLOBE NEWSWIRE) — Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) (the “Company”), a loyalty marketing, payments and point-of-sale technology and services provider, announces changes to their board of Directors. Each of Francis Shen, Jason Donville and Kristaps Ronka will step down from the board effective immediately to be replaced by new board members. “As we look forward with Ackroo, we collectively agreed to make changes to our Board of Directors to align with our strategic direction,” said Steve Levely, CEO of Ackroo. “We felt that the vision would be best served with attracting new board members with strong strategic alignment as we plan for the next phase of growth at Ackroo. I would like to thank each of Kristaps, Jason and Francis for their involvement and support of Ackroo and wish them the best...