Month: May 2022

Sulliden Mining Capital Inc. Acquires Securities in Xander Resources Inc.

Written by Customer Service on May 19, 2022. Posted in Mergers And Acquisitions.

TORONTO, May 19, 2022 (GLOBE NEWSWIRE) — On May 3, 2022, Sulliden Mining Capital Inc. (TSX: SMC) (“Sulliden” or the “Company”) acquired 7,142,857 Units (“Units”) of Xander Resources Inc. (“Xander”) (TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) pursuant to Xander’s non-brokered private placement. Each Unit consists of one common share of Xander and one transferable common share purchase warrant exercisable at a price of $0.10 per share until April 29, 2025. Prior to the acquisition of the aforesaid securities, Sulliden did not, neither directly nor indirectly beneficially own Xander common shares. As a result of this transaction, Sulliden now owns 7,142,857 common shares and 7,142,857 warrants, which represents approximately 10.18% of the outstanding common shares of Xander on an undiluted basis and 18.48% on a diluted basis. Sulliden acquired...

Howard’s Rapid Growth Trajectory Continues With Acquisition of Ward’s Appliance

Written by Customer Service on May 19, 2022. Posted in Mergers And Acquisitions.

Independent Retailer Expands Its SoCal Professional Builder Services Program LA HABRA, Calif., May 19, 2022 (GLOBE NEWSWIRE) — Howard’s, Southern California’s premier independent appliance retailer, today announced that it has acquired Long Beach-based Ward’s Appliance to expand its professional builder services division. The fourth-generation, family-owned and operated Ward’s has called Long Beach home since 1941, serving its share of the local market’s home appliance needs. Howard’s is bringing together the procurement of Ward’s with that of last fall’s Taylor’s Appliance in Riverside to further bolster its professional business sector, servicing the appliance needs of builders throughout Southern California. “The merger of Ward’s and Howard’s Pro Group, allows Howard’s to significantly expand its B2B unit,” said John Riddle,...

LMP Automotive Holdings, Inc. Announces it Will Restate Previously Issued Financial Statements as of and For Each of the First Three Quarterly Periods in 2021

Written by Customer Service on May 19, 2022. Posted in Earnings Releases And Operating Results.

FORT LAUDERDALE, FL, May 19, 2022 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today announced that it plans to restate previously issued financial statements as of and for each of the first three quarterly periods in 2021 to correct certain accounting items. On May 16, 2022, management of LMP Automotive Holdings, Inc. and the audit committee of the Company’s board of directors concluded that the Company’s previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021, and September 30, 2021 are required to be restated and should no longer be relied upon primarily due to the following errors: (i) the improper identification and elimination of intercompany...

LMP Automotive Holdings, Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of its Quarterly Report on Form 10-Q for the First Quarter of 2022

Written by Customer Service on May 19, 2022. Posted in Earnings Releases And Operating Results.

FORT LAUDERDALE, FL, May 19, 2022 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced it received a notification of deficiency from Nasdaq related to the delayed filing of its Quarterly Report on Form 10-Q for the first quarter of 2022. On May 19, 2022, it received a standard notice from Nasdaq indicating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended March 31, 2022, the Company remains in non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. As announced on April 20, 2022, the Company had previously received a notice from Nasdaq indicating that as a result of...

Amcomri Reports Increase in Revenues, Gross Margin and Net Income for the First Quarter of Fiscal 2022

Written by Customer Service on May 19, 2022. Posted in Earnings Releases And Operating Results.

Revenues increased 81.5% year-over-year to $4.2 million Gross margin improved to 80.2% from 69.0% in Q1 2021 Net income after accounting for the cost associated with the reverse takeover of Appreciated Media totaled $0.8 million compared to $0.5 million in same period of 2021 EBITDA grew 38.1% year-over-year to $1.3 million Completed reverse takeover of Appreciated Media and the acquisition of SilentpointVANCOUVER, British Columbia, May 19, 2022 (GLOBE NEWSWIRE) — Amcomri Entertainment Inc. (“Amcomri” or the “Company”) (NEO: AMEN) (OTC: AMNNF) (Frankfurt: 25YO), a global producer and distributor of independent movies, TV series and documentaries, announced today financial results for the first quarter ended March 31, 2022. All dollar amounts are in Canadian dollars unless otherwise stated. “We’re delighted with our strong financial...

InPlay Oil Corp. Announces Annual Meeting Voting Results for Election of Directors

Written by Customer Service on May 19, 2022. Posted in Public Companies.

CALGARY, Alberta, May 19, 2022 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announced today the voting results for the election of directors at its annual meeting of shareholders held on May 19, 2022 (the “Meeting”). The following five nominees were elected as directors of InPlay to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with common shares represented at the Meeting voting in favour of individual nominees as follows:Director Percentage Approval Percentage Withheld Douglas J. Bartole 99.8 % 0.2 %Joan E. Dunne 99.6 % 0.4 %Craig Golinowski 99.5 % 0.5 %Stephen C. Nikiforuk 99.7 % 0.3 %Dale O. Shwed 99.4 % 0.6 % For complete voting results, please see our...

Altisource Asset Management Corporation Announces Departure of Officer

Written by Customer Service on May 19, 2022. Posted in Public Companies.

CHRISTIANSTED, U.S. Virgin Islands, May 19, 2022 (GLOBE NEWSWIRE) — Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today affirmed that Thomas K. McCarthy’s term as Interim Chief Executive Officer expires on May 31, 2022 in accordance with the terms of his employment agreement. The Company will pay Mr. McCarthy a bonus of $250,000 in recognition of his contributions to the Company during his tenure as Interim Chief Executive Officer. Recent Developments The Company is also announcing that:The Company has hired a new Head of Sales for its Alternative Lending Group (“ALG”) to join the Company on or before June 16, 2022. Our new Head of Sales has over twenty-five years of experience as a Sales Executive with knowledge and expertise in the bridge space, whole loan trading and mortgage...

Visionary Education Technology Holdings Group Inc. Announces Closing of US$17 Million Firm Commitment Initial Public Offering

Written by Customer Service on May 19, 2022. Posted in Public Companies.

Markham, Canada, May 19, 2022 (GLOBE NEWSWIRE) — Visionary Education Technology Holdings Group Inc. (the “Company”) (Nasdaq: VEDU), a private education provider located in Canada that offers high-quality education resources to students around the globe, today announced the closing of its initial public offering (the “Offering”) of 4,250,000 common shares at a public offering price of US$4.00 per common share. The Company received aggregate gross proceeds of US$17 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 637,500 common shares at the public offering price, less underwriting discounts and commissions. The common shares began trading on the Nasdaq Capital Market on May 17, 2022...

Republic First Bancorp, Inc. Receives Notice of Additional Filing Delinquency From Nasdaq

Written by Customer Service on May 19, 2022. Posted in Public Companies.

PHILADELPHIA, May 19, 2022 (GLOBE NEWSWIRE) — Republic First Bancorp, Inc. (NASDAQ: FRBK) ( the “Company”), the holding company for Republic Bank, received written notification from The NASDAQ Stock Market (“Nasdaq”) on May 13, 2022 that the Company is not in compliance with the Nasdaq Listing Rules because the Company has not yet filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (the “Quarterly Report”). The Company had received an initial notice from Nasdaq, dated April 1, 2022, relating to the Company’s failure to timely file its Form 10-K for the year ended December 31, 2021 (the “Annual Report”). Nasdaq Listing Rule 5250(c)(1) requires Nasdaq-listed companies to timely file all periodic reports. As previously reported by the Company, the Audit Committee of the Company’s board of directors has engaged...

Hinkley Point C Update

Written by Customer Service on May 19, 2022. Posted in Public Companies.

Hinkley Point C Update A review of the schedule and cost for the two Hinkley Point C reactors has been finalised1 and it has concluded:The start of electricity generation for Unit 1 is targeted for June 2027, the risk of further delay of the two units is assessed at 15 months, assuming the absence of a new pandemic wave and no additional effects of the war in Ukraine2. The project completion costs are now estimated in the range of £25Bn to £26Bn (2015)3. Under the terms of the Contract for Difference, there is no impact for UK consumers.During more than two years of the Covid-19 pandemic, the project continued without stopping. This protected the integrity of the supply chain and allowed the completion of major milestones. However, people, resources and supply chain have been severely constrained and their efficiency has been restricted....

Month: May 2022

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