Day: June 7, 2022

Goodfellow Inc. Announces New Directors and New Chair of the Board

Written by Customer Service on June 7, 2022. Posted in Public Companies.

DELSON, Quebec, June 07, 2022 (GLOBE NEWSWIRE) — Goodfellow Inc. (TSX: GDL) (the “Company” or “Goodfellow”) announces that its Board of Directors welcomes Dr. Sarah Prichard and Mr. Robert Hall as Directors. In addition, Robert Hall has been appointed as Chair of the Board. “We are very pleased to have Dr. Sarah Prichard and Mr. Robert Hall join our Board. Their extensive and diverse experience will certainly contribute to ensuring Goodfellow’s position in the sector of distribution of value-added, speciality wood products for years to come. It has been a pleasure to serve as Chair for these past several years and I welcome Robert’s leadership for the next chapter for Goodfellow. The future is bright for the Company and I look forward to working alongside Robert, and all members of the Board,” said Douglas Goodfellow. “I feel privileged...

Great Elm Group, Inc. Prices Public Offering of $25,000,000 of 7.25% Notes Due 2027

Written by Customer Service on June 7, 2022. Posted in Public Companies.

WALTHAM, Mass., June 07, 2022 (GLOBE NEWSWIRE) — Great Elm Group, Inc. (the “Company” or “GEG”) (NASDAQ: GEG) announced today the pricing of its underwritten public offering of $25,000,000 aggregate principal amount of its 7.25% unsecured notes due 2027 (the “Notes”), which will result in net proceeds to the Company of approximately $24,200,000 after payment of underwriting discounts and commissions. The Notes will mature on June 30, 2027, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after June 30, 2024. The Company has also granted the underwriters a 30-day option to purchase up to an additional $3,750,000 aggregate principal amount of Notes to cover over-allotments, if any. The closing of the transaction is subject to customary closing conditions, and the Notes are expected...

Stingray Reports Fourth Quarter 2022 Results

Written by Customer Service on June 7, 2022. Posted in Earnings Releases And Operating Results.

Fourth Quarter HighlightsOrganic growth of 12.7% year-over-year in Broadcast and Recurring Commercial Music Revenues(1), including 50.8% in the United States Revenues increased 21.6% to $72.6 million from $59.7 million; Adjusted EBITDA(2) decreased 11.1% to $21.0 million from $23.6 million. Adjusted EBITDA(2) by segment was $14.5 million or 31.9% of revenues for Broadcasting and Commercial Music, $7.9 million or 29.0% of revenues for Radio, and $(1.4) million for Corporate; Net income was $4.5 million ($0.06 per share) compared with $12.1 million ($0.17 per share); Adjusted Net income(3) of $11.8 million ($0.17 per share) compared with $12.0 million ($0.16 per share); Cash flow from operating activities decreased 9.7% to $22.1 million ($0.31 per share) compared to $24.5 million ($0.34 per share); Adjusted free cash flow(4) decreased...

Knight to Present at the 2022 BIO International Convention in San Diego

Written by Customer Service on June 7, 2022. Posted in Public Companies.

MONTREAL, June 07, 2022 (GLOBE NEWSWIRE) — Knight Therapeutics Inc. (TSX: GUD) (“Knight”), a leading pan-American (ex-US) specialty pharmaceutical company, announced today that Amal Khouri, Chief Business Officer, is scheduled to present at the 2022 BIO International Convention on Tuesday, June 14, 2022 at 2:45 pm Pacific Time. Knight’s Business Development team will also be participating in BIO’s One-on-One Partnering™ which facilitates meetings with senior biotech executives, business development leaders, and investors from premier firms around the globe. The annual BIO International Convention, hosted by Biotechnology Innovation Organization (BIO), is the world’s largest industry gathering and brings together thousands of global biotechnology and biopharmaceutical leaders. The four-day, in-person event includes networking,...

Major Drilling Announces Q4 EBITDA up 240% with Strong Revenue Growth

Written by Customer Service on June 7, 2022. Posted in Earnings Releases And Operating Results.

MONCTON, New Brunswick, June 07, 2022 (GLOBE NEWSWIRE) — Major Drilling Group International Inc. (TSX: MDI), a leading provider of specialized drilling services to the mining sector (“Major Drilling” or the “Company”), today reported results for the year and fourth quarter of fiscal 2022, ended April 30, 2022. HighlightsAnnual revenue of $650 million, highest since 2013, with annual EBITDA(1) of $114 million. Quarterly revenue of $190.0 million, an increase of 48% over the same period last year. EBITDA(1) for the quarter was $40.7 million, an increase of 240% compared to same period last year. Net earnings of $22.4 million, or $0.27 per share for the quarter, up from net earnings of $2.3 million, or $0.03 per share, for the same period last year.“As the upcycle progresses, demand for our specialized drilling services continues...

Stifel to Acquire ACXIT Capital Partners

Written by Customer Service on June 7, 2022. Posted in Mergers And Acquisitions.

Addition of Leading DACH Corporate Finance & Advisory Firm Extends European Footprint ST. LOUIS and FRANKFURT, Germany, June 07, 2022 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today announced it has signed a definitive agreement to acquire ACXIT Capital Partners, a leading independent corporate finance and financial advisory firm serving European middle-market clients and entrepreneurs. Terms of the transaction were not disclosed. ACXIT Capital Partners, with a team of about 50 professionals, operates primarily out of offices in Frankfurt, Zurich, and Munich. Since its founding in 1999, the firm has successfully completed nearly 500 transactions, including mergers & acquisitions, capital markets, and debt advisory and restructuring. ACXIT’s business is focused on providing advisory and capital solutions to...

Rally and Americas Technology Acquisition Corp. Announce Joint Investor Call and Presentation

Written by Customer Service on June 7, 2022. Posted in Mergers And Acquisitions.

New York and Dallas, Texas, June 07, 2022 (GLOBE NEWSWIRE) — Rally Communitas Corp. (the Company or “Rally”), a leading technology company for mass mobility in the United States doing business under the “Rally” and “OurBus” brands, and Americas Technology Acquisition Corp., a special purpose acquisition company (“ATA”) (NYSE: ATA, ATA.WS, ATA.U), today announced a joint investor call and corporate presentation are available for viewing via webcast and accessible on both ATA’s website at https://atacspac.com and Rally’s website at https://about.rally.co/investor-resources that discuss in detail the previously announced proposed business combination. ATA will also include a copy of the presentation as an exhibit to a Current Report on Form 8-K to be filed by ATA with the SEC, which will be available on the SEC’s website at www.sec.gov. Cautionary...

Stem Holdings Announces Convertible Debenture Amendment Terms

Written by Customer Service on June 7, 2022. Posted in Public Companies.

BOCA RATON, Fla., June 07, 2022 (GLOBE NEWSWIRE) — Stem Holdings, Inc. (OTCQX: STMH CSE: STEM) (the “Company” or “Stem”), a leading vertically-integrated cannabis and hemp company with state-of-the-art cultivation, processing, extraction, retail, and distribution operations, announces that the Company is seeking the approval of the holders (the “Debentureholders”) of the C$3,687,050 principal amount of convertible debentures (“Convertible Debentures”) to reprice the Convertible Debentures. The Convertible Debentures presently mature on June 27, 2022, and September 14, 2022. The conversion price for the Convertible Debentures are proposed to be repriced to C$0.10 per Common Share which was previously at C$1.15 ‎per Common Share. Additionally, the following amendments to the terms of the Convertible ‎Debentures are being proposed...

New York Mortgage Trust, Inc. Announces Election of Gena Cheng to Board of Directors

Written by Customer Service on June 7, 2022. Posted in Public Companies.

NEW YORK, June 07, 2022 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (the “Company”) (NASDAQ: NYMT) today announced that Gena Cheng has been elected to its Board of Directors (the “Board”). Ms. Cheng was elected as a new director at the Company’s 2022 Annual Meeting of Stockholders held on June 6, 2022. “We’re excited to welcome Gena Cheng to NYMT’s Board of Directors,” said Steven Mumma, the Company’s Executive Chairman. “Gena’s vast experience in real estate financing, investor relations and operations make her a strong addition to our Board.” Steven Norcutt, Lead Independent Director, added “We are fortunate to have Gena join the Board. Her fresh and independent perspective informed by her significant experience in the real estate industry will benefit the Board.” Ms. Cheng is Managing Principal of Prospect Avenue...

CPS Technologies Corporation Announces SBIR Award

Written by Customer Service on June 7, 2022. Posted in Public Companies.

NORTON, Mass., June 07, 2022 (GLOBE NEWSWIRE) — CPS Technologies Corporation (NASDAQ:CPSH) has been awarded a Small Business Innovation Research (SBIR) contract from the US Army – Aviation and Missile Command (AMCOM) to develop novel thermal management solutions for electronic systems in Future Vertical Lift (FVL) platforms. CPS will leverage additive manufacturing to fabricate high-surface area, aluminum, cooling structures that are printed on and fully integrated with aluminum-silicon carbide (AlSiC) composites. CPS AlSiC already performs as a lightweight, dimensionally stable, high thermal conductivity material, ideal for reducing the size, weight, and power (SWaP) consumption of electronic thermal management systems. By introducing additive manufacturing processes, CPS will further expand achievable metal matrix composite...

Day: June 7, 2022

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