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Month: June 2022

PHH Mortgage Announces Agreement With Federal Home Loan Bank of Indianapolis to Purchase Mortgage Servicing Rights

WEST PALM BEACH, Fla., June 28, 2022 (GLOBE NEWSWIRE) — PHH Mortgage (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, announced today that it has entered into an agreement with Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis”) to purchase mortgage servicing rights (“MSRs”) through its Mortgage Purchase Program (“MPP”). FHLBank Indianapolis has more than 300 depository members and 100 participating financial institutions that originate about $2 billion annually who sell loans into MPP to replenish their capital and minimize portfolio risk. PHH has partnered with FHLBank Indianapolis as both a buyer of MSRs and a strategic partner to provide subservicing solutions to members within the FHLBank Indianapolis footprint. Earlier this...

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Progress Announces Second Quarter 2022 Financial Results

Revenue and EPS Exceed Prior Guidance BURLINGTON, Mass., June 28, 2022 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal second quarter ended May 31, 2022. Second Quarter 2022 Highlights:Revenue of $148.7 million increased 21% year-over-year on an actual currency basis, and 24% on a constant currency basis. Non-GAAP revenue of $150.9 million increased 17% on an actual currency basis, and 19% on a constant currency basis. Annualized Recurring Revenue (ARR) of $486 million increased 13% year-over-year on a constant currency basis. Operating margin was 27% and Non-GAAP operating margin was 41%. Diluted earnings per share was $0.66 compared to $0.30 in the same quarter last year, an increase of 120%.  Non-GAAP diluted earnings per share was...

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Beyond Air® Reports Financial Results for Fourth Fiscal Quarter and Year-End 2022

LungFit® PH received FDA approval for the treatment of term and near-term neonates with hypoxic respiratory failure on June 28, 2022 and the first phase of U.S. commercial launch has begun Presented positive data for high-concentration nitric oxide (NO) with LungFit® PRO in hospitalized patients with community-acquired viral pneumonia, including COVID-19, at ECCMID 2022 Presented positive long-term safety data for high-concentration NO at PAS 2022 in infants hospitalized with bronchiolitis Presented positive updated interim data from the ongoing at-home LungFit® GO pilot study for nontuberculous mycobacterial lung disease at ATS 2022 Patient screening has begun for the Phase I trial of ultra-high concentration gaseous NO (UNO) being conducted by the Company’s oncology affiliate, Beyond Cancer™ Conference call scheduled for 4:30 p.m. ET...

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Gaming and Leisure Properties to Acquire Real Property Assets of Bally’s Two Rhode Island Assets for $1.0 Billion

Acquisition Expected to be Immediately Accretive at Closing; FurtherDiversifies Company’s Nationwide Footprint Transaction to be Completed at 7.6% Capitalization Rate WYOMISSING, Pa., June 28, 2022 (GLOBE NEWSWIRE) — Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or “the Company”) announced today that it has entered into a binding term sheet with Bally’s Corporation (NYSE: BALY) (“Bally’s”) to acquire the real property assets of Bally’s two Rhode Island casino properties – Bally’s Twin River Lincoln Casino Resort (“Lincoln”) and Bally’s Tiverton Casino & Hotel – subject to customary regulatory approvals with Bally’s Twin River Lincoln Casino Resort also subject to lender consent. Pursuant to the terms of the transaction, Bally’s will immediately lease back both properties and continue to own, control, and manage...

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Kalera Public Limited Company and Agrico Acquisition Corporation Announce Closing of Business Combination and listing on NASDAQ

ORLANDO, Fla., June 28, 2022 (GLOBE NEWSWIRE) — Kalera Public Limited Company ( “Kalera”) (NASDAQ: KAL) and Agrico Acquisition Corp. (“Agrico”) today announced the completion of their previously announced business combination. The combined company will retain the Kalera name and will commence trading on Nasdaq under the new ticker symbol “KAL” on Wednesday, June 29, 2022. The business combination was approved at a special meeting of shareholders on June 28, 2022. Jim Leighton, Kalera’s President and Chief Executive Officer said, “Today is an incredibly proud moment and a milestone for the entire Kalera team. We founded Kalera with the goal of increasing access to the freshest and cleanest produce for a growing global population faced with climate change, reduction of fertile farmland, and soil erosion. Today’s announcement is another...

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Parker Announces Update on UK Regulatory Clearances Related to Meggitt Acquisition

– Confirms that UK Secretary of State for Business, Energy and Industrial Strategy is ‘minded to accept’ its proposed undertakings on competition and national security CLEVELAND, June 28, 2022 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, welcomes the announcement today from the UK’s Secretary of State for Business, Energy and Industrial Strategy (“the UK Secretary of State”) that he is ‘minded-to accept’ the statutory competition and national security undertakings provided by Parker as part of its pending acquisition of Meggitt PLC. As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share...

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Belships ASA: Acquisition of two modern vessels

Belships has entered into agreements for the acquisition of two modern Ultramax bulk carriers built at Japanese shipyards in 2015 and 2017. Belships will pay a total of USD 15.5m as downpayment upon delivery of the vessels. The vessels are currently financed through time charter lease agreements with purchase options significantly below current market levels. Belships has the intention of declaring purchase options for both vessels during the next few months and re-finance the vessels under available bank financing which is expected to cover the amounts for the purchase options. The agreements are conditional upon certain steps to be completed by the parties involved. Delivery of the vessels is expected within July 2022. “These agreements are immediately accretive for Belships’ shareholders and displays our ability to source transactions...

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BioPorto Achieves Targeted Enrollment in Clinical Study Supporting FDA De Novo Submission for The NGAL Test in the U.S.

June 28, 2022Announcement no. 12 BioPorto Achieves Targeted Enrollment in Clinical Study Supporting FDA De Novo Submission for The NGAL Test in the U.S. COPENHAGEN, DENMARK and BOSTON, MA, USA, June 28, 2022, (GLOBE NEWSWIRE) — BioPorto A/S (BioPorto) (CPH:BIOPOR) today announced its achievement of targeted subject enrollment for the third part of a 3-part clinical study to support a U.S. Food and Drug Administration (FDA) De Novo submission for use of The NGAL Test in identifying patients under the age of 22 at risk for Acute Kidney Injury (AKI). “We are very pleased to have reached the study’s planned enrollment of 600 patients by the end of Q2, as previously guided,” said Dr. Christopher Bird, BioPorto’s Chief Medical Officer. “We are now reviewing the clinical data to confirm that no additional data is required, after which...

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Helium Evolution Announces Spud of First Helium Well at McCord, Closes Private Placement Financing, and Executes Farmout Agreement With North American Helium

Not for distribution to U.S. news services or for dissemination in the United States CALGARY, Alberta, June 28, 2022 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to announce that our first helium well, HEI 06-12-006-05W3M (“HEI-1”), was spud on June 25, 2022 at the Company’s 100% owned and operated McCord property in southern Saskatchewan, described in more detail below. In addition, further to our news release dated June 9, 2022, the Company has closed our non–brokered, brokered and strategic investor private placements raising aggregate gross proceeds of $6,918,200 through the issuance of 17,295,500 total units (“Units”) at $0.40 per Unit. First...

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Introducing SPYR Technologies’ Acquisition, GeoTraq

Company Provides Open Letter from GeoTraq CTO, Pierre Parent THE WOODLANDS, TX, June 28, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — SPYR Technologies (OTCQB: SPYR)(“SPYR” or the “Company”), a diversified technology company developing products leveraging the Internet of Things (Iot) for large scale applications and industries, is pleased to provide a shareholder update from Pierre Parent, Chief Technology Officer of its recent acquisition, GeoTraq.GeoTraq develops and manufactures entirely self-contained and ultra-small Mobile IoT (Internet of Things) modules for asset tracking, location-based services, and sensor modules for remote monitoring. The modules are plug-and-play and include turnkey connectivity to cloud services via GeoTraq’s proprietary cloud-based “WebTraq” platform. GeoTraq’s mission is to provide...

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