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Month: June 2022

ArrowMark Financial Corp. Announces Estimated May 2022 Net Asset Value and Announces the Appointment of ArrowMark Financial Corp. President, Dana Staggs

DENVER, June 14, 2022 (GLOBE NEWSWIRE) — ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial” or the “Company”), today announced that the Company’s May 31, 2022, estimated and unaudited Net Asset Value (“NAV”) was $21.34, down $0.02 from the prior month. In addition, ArrowMark Financial announced the appointment of Dana Staggs as President. Mr. Staggs has more than 27 years of experience leading organizations. He has been with ArrowMark Partners for five years as a Managing Director, helping lead the private debt and equity investments strategy at the firm. Mr. Staggs has been working on the ArrowMark Financial Corp. team since 2020, focused on origination, diligence, and management of the investment portfolio. Prior to joining ArrowMark Partners in 2017, Mr. Staggs worked in similar capacities at Goldman Sachs Asset...

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SeaChange and Triller Mutually Agree to Terminate Proposed Merger

BOSTON and LOS ANGELES, June 14, 2022 (GLOBE NEWSWIRE) — SeaChange International, Inc. (NASDAQ: SEAC), (“SeaChange” or the “Company”) a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) development, and Triller Hold Co LLC (“Triller”), the AI-powered open garden technology platform for creators, have mutually agreed to terminate their proposed merger that was contemplated by the agreement and plan of merger they signed on December 22, 2021 (the “Merger Agreement”). The parties have mutually agreed to terminate the Merger Agreement today, as it is no longer possible to complete the merger prior to its termination date of June 30, 2022. The parties have also decided not to seek an extension to the Merger Agreement. The termination is effective immediately. About...

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Balchem Corporation Signs Definitive Agreement to Acquire Kappa Bioscience AS

NEW HAMPTON, N.Y., June 14, 2022 (GLOBE NEWSWIRE) — Balchem Corporation (NASDAQ:BCPC), a global specialty ingredients company focused on Nutrition and Health, has signed a definitive agreement to acquire Kappa Bioscience AS (“Kappa”), a leading science-based manufacturer of specialty vitamin K2 for the human nutrition industry, headquartered in Oslo, Norway. Vitamin K2 is a fast-growing specialty vitamin that plays a crucial role in the human body for bone health, heart health, immunity, and athletic performance. Primarily, vitamin K2 supports the transport and distribution of calcium in the body. Vitamin K2 is important at all life stages, from pregnancy and early life to healthy aging. Kappa’s K2VITAL® branded vitamin K2 is the leading synthetic vitamin K2 and is backed by strong intellectual property and a deep clinical research...

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Trillerverz and SeaChange Agree to Mutually Terminate Proposed Merger

LOS ANGELES, June 14, 2022 (GLOBE NEWSWIRE) — Trillerverz, the AI-powered open garden platform for creators and SeaChange International, Inc. (NASDAQ: SEAC), (“SeaChange” or the “Company”) a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) development, have mutually agreed to terminate their proposed merger that was signed on December 22, 2021 (the “Merger Agreement”). The parties have mutually agreed to terminate the Merger Agreement today, as it is no longer possible to complete the merger prior to its termination date of June 30, 2022. The parties have also decided not to seek an extension to the Merger Agreement. The termination is effective immediately. About TrillerverzTrillerverz is the globally popular AI-powered social media and music...

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Sio Gene Therapies Announces Fiscal Year 2021 Year-End Financial Results

NEW YORK and DURHAM, N.C., June 14, 2022 (GLOBE NEWSWIRE) — Sio Gene Therapies Inc. (NASDAQ: SIOX) today provided financial results for its fiscal year ended March 31, 2022. Fiscal Fourth Quarter Financial Summary For the fourth fiscal quarter ended March 31, 2022, research and development expenses were $12.6 million, an increase of $4.4 million compared to the prior year quarter. The current period increase was primarily related to increased AXO-AAV-GM1 clinical trial material manufacturing expenses. General and administrative expenses for the fourth fiscal quarter ended March 31, 2022 were $0.5 million, a decrease of $3.5 million compared to the prior year quarter. $3.4 million of the decrease was stock-based compensation expense primarily associated with a reversal of expense related to certain equity instruments of our affiliate,...

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GURU Organic Energy Announces Second Quarter 2022 Financial Results

Record Q2 2022 net revenue of $7.6 million, up from $7.1 million in Q2 2021 GURU continues to be the fastest-growing energy drink in Canada in the last 52 weeks1 and the #1 energy drink brand among adults under 25 in Quebec, the next generation of energy drink consumers2 Volume growth of 26% as a result of higher velocities, new product launches and increased points of sale in Canada, and entry in the U.S. club channel Sustained, strong gross margin of 54% compared to 55% in Q1 2022, reflecting careful supply chain management and prudent pricing practices Launch of the “Made in Plants” marketing campaign and introduction of GURU Guayusa Tropical Punch across Canada, following the successful launch in Quebec where it is ranked #1 ‘Innovation SKU’3 Strong financial position with over $62 million in cash and cash equivalents, short-term...

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Locafy ramps up acquisition and partnership strategy

HighlightsLocafy continues to grow through partnership and acquisition strategy. Nasdaq invites the Perth-based tech company to ring the opening bell in recognition of it being the first West Australia company to directly list on the global stock exchange.PERTH, AUSTRALIA, June 14, 2022 (GLOBE NEWSWIRE) — Locafy Limited (NASDAQ: LCFY, LCFYW) (“Locafy” or “the Company”), has acquired the client base of Australian digital agency 180 Degree Marketing (180 Degree) as it ramps up its acquisition and partnership strategy. Based in Canberra, Australia 180 Degree services a number of national brands in the real estate, FMCG and finance sectors. Locafy’s goal is to revolutionize the $700 billion search engine optimization market globally through seamlessly deploying to local businesses its patented search technology. “The strategic...

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Contact Center Agents Struggle with Traditional Desktop tools to Handle Customer Queries, Survey Finds

BenchmarkPortal’s one-of-a-kind agent experience survey, sponsored by eGain, reveals that contact center agents continue to get hamstrung in the post-pandemic era by lack of knowledge-based guidance SUNNYVALE, Calif., June 14, 2022 (GLOBE NEWSWIRE) — eGain Corporation (NASDAQ: EGAN), the leading knowledge management platform for customer engagement automation, today announced findings from a groundbreaking agent experience (AX) survey of US contact centers. Conducted by BenchmarkPortal, the leading contact center benchmarking organization, the online survey was fielded in May 2022 and findings compiled from 456 responses. Unlike other surveys, the sample included only contact center agents. Here are key findings:Environment76% of respondents still work from home, a surprisingly high percentage, given the easing of Covid restrictionsKnowledge63%...

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XCPCNL Business Services Welcome Leah Daniels-Butler to the Company’s Advisory Board

XCPCNL Business Services Welcome Leah Daniels-Butler to the Company’s Advisory Board Leah Daniels-ButlerCharlotte, North Carolina, June 14, 2022 (GLOBE NEWSWIRE) — XCPCNL Business Services Corporation (OTC Pink: XCPL), a venture development business that leverages knowledge, skill, and experience in the consumer products industry, is honored to welcome Leah Daniels-Butler to the Company’s Advisory Board. Leah Daniels-Butler began making a name for herself in the early ’90s working on TV & film projects such as the Wayans Brothers, For Your Love, CB4 and The Inkwell. With an eye for talent, Leah is credited for launching the careers of talented actors like Gabourey Sidebe, star of the Academy Award-winning film “Precious”. She also assisted in casting actor/recording star Tyrese Gibson in the Coca-Cola ad that launched...

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Radisson commences a Field program in the Pontiac Group south of the Larder-Lake-Cadillac Break at the O’Brien gold project

Figure 1 Geological and structural data compilationFigure 2 Geophysical data compilation – Southern portion of the O’Brien projectFigure 3 Prospecting plan and supporting infrastructureROUYN-NORANDA, Quebec, June 14, 2022 (GLOBE NEWSWIRE) — Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company”) is pleased to announce that it has commenced a field program focused on the 54 km2 area comprising claims located to the south of the prolific Larder-Lake Cadillac Break. The program was designed following a compilation and interpretation of available historical data, with the objective of evaluating opportunities demonstrating strong discovery potential in the southern sector of the O’Brien Gold Project. “Since acquiring and integrating the New Alger property with the O’Brien project...

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