Day: June 13, 2022

NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) — Cornerstone Strategic Value Fund, Inc. (the “Fund”) (NYSE American: CLM) (CUSIP: 21924B302) is pleased to announce the completion of its one-for-three rights offering which expired on Friday, June 10, 2022 (the “Offering”). The Offering was over-subscribed. Under the terms of the Offering, record date stockholders were entitled to purchase one newly issued share of common stock of the Fund for every three rights held. The subscription price for each newly issued share was determined to be $8.27 which, under the terms of the prospectus, was equal to the greater of (i) 112% of net asset value per share as calculated at the close of trading on the date of expiration of the Offering and (ii) 65% of the market price per share at such time. Based on preliminary results provided by the Fund’s...

NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) — Cornerstone Total Return Fund, Inc. (the “Fund”) (NYSE American: CRF) (CUSIP: 21924U300) is pleased to announce the completion of its one-for-three rights offering which expired on Friday, June 10, 2022 (the “Offering”). The Offering was over-subscribed. Under the terms of the Offering, record date stockholders were entitled to purchase one newly issued share of common stock of the Fund for every three rights held. The subscription price for each newly issued share was determined to be $7.95 which, under the terms of the prospectus, was equal to the greater of (i) 112% of net asset value per share as calculated at the close of trading on the date of expiration of the Offering and (ii) 65% of the market price per share at such time. Based on preliminary results provided by the Fund’s...

San Francisco, California, June 13, 2022 (GLOBE NEWSWIRE) — RocketFuel Blockchain, Inc. (OTC QB: RKFL), a global provider of payment solutions via bank transfers and cryptocurrencies, announced that it settled its lawsuit against former director Joseph Page, who returned to RocketFuel 3,600,394 shares of its common stock. The shares have been returned to treasury and cancelled, resulting in a reduction in outstanding shares of over 11%. RocketFuel did not pay for the return of the shares. Mr. Page also agreed to dismiss with prejudice all of his counterclaims against RocketFuel, certain officers and directors and RocketFuel’s counsel. With the dismissal, RocketFuel no longer has any lawsuits pending against it. “We are pleased to have settled this litigation, with the very favorable result that we have received back over...

CALGARY, Alberta, June 13, 2022 (GLOBE NEWSWIRE) — XORTX Therapeutics Inc. (“XORTX” or the “Company”) (NASDAQ: XRTX | TSXV: XRTX | Frankfurt: ANU), a late stage clinical pharmaceutical company focused on developing innovative therapies to treat progressive kidney disease, is pleased to announce its participation in the BIO International Convention 2022, being held June 13th through 16th, 2022. Dr. Allen Davidoff, XORTX’s CEO, will present an overview on the Company, including the Company’s progress to date and planned future regulatory and clinical activities. Dr. Allen Davidoff, CEO of XORTX stated, “We are pleased that XORTX has been accepted to present at the BIO International Convention 2022. This presentation and accompanying meetings represent an opportunity to continue outreach to pharmaceutical partners, licencing...

VANCOUVER, British Columbia, June 13, 2022 (GLOBE NEWSWIRE) — Clear Sky Lithium Corp. (CSE: POWR) (“Clear Sky” or the “Company”), a mineral exploration and development company focused on American lithium deposits to support domestic demand, is pleased to announce that effective today its common shares (the “Shares”) have commenced trading on the Canadian Securities Exchange (CSE) under the ticker symbol “POWR.” The Company’s ELi property is a claystone lithium project in the Little Smokey Valley, Nevada. The Company is also actively involved in the development of claystone extraction and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner. Clear Sky Lithium CEO, Craig Engelsman notes, “We are delighted to have achieved this milestone event and look forward to communicating...

Project anticipated to take between 12 and 18 months for complete deployment Upgrading customer’s IoT technology to an Android Platform & Devices, to be used for store automation and improved store management Customer stated they are anxious to replace their legacy Windows based devices and modernize their technology suite. The $29 Million project follows the award of an $11 Million project for the Government of Israel, resulting into $40 Million of new projects in a few days.SALT LAKE CITY, June 13, 2022 (GLOBE NEWSWIRE) — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that it has received a purchase order with a total value of $29 million from a fortune 100 company with 70+ billion in annual revenue, hundreds of locations...

NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) — INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), today announced that directors Michael Gorzynski, Shelly C. Lombard and Kenneth S. Courtis have informed the Company that they will not stand for re-election to the Board of Directors at INNOVATE’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”). Gorzynski, Lombard and Courtis each irrevocably tendered their resignations as directors of INNOVATE’s Board and any of INNOVATE’s subsidiaries, including any applicable committee or subcommittee of the Board or any subsidiary, in each case. Their resignations will be effective as of 12:01 a.m., Eastern Time on June 17, 2022. “We thank Michael, Shelly and Ken for their service to our Board and appreciate their insights, perspectives and contributions to INNOVATE Corp. We wish...

ATHENS, Greece, June 13, 2022 (GLOBE NEWSWIRE) — Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”) announced today that it has entered into agreements with several accredited investors that are existing holders of its Class B Warrants wherein the investors agreed to exercise 31,150,000 outstanding Class B Warrants (the “Existing Warrants”) to purchase an aggregate of 31,150,000 shares of common stock for cash, at an exercise price reduced by the Company from $1.60 per share to $0.70 per share. These warrants were previously issued in an underwritten public offering which closed in March 2022. The net proceeds of the exercise of the Existing Warrants to the Company, after deducting estimated expenses and fees, are expected to be approximately $20.9 million. Maxim Group LLC acted as warrant inducement agent and financial advisor...