Day: July 1, 2022
HENDERSON, NV, July 01, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Grove, Inc. (NASDAQ:GRVI) (“Grove” or the “Company”), today announced that it has completed a strategic debt investment to fund future growth.
Under the terms of the loan, the Company, at the initial closing, drew $7.5 million of the $15 million available. The Company could draw down against the remainder should it be needed to fund further profitable acquisitions in the future. The loan amortizes over 30 months and bears interest at a rate of 13% per annum, 8.5% payable in cash on the first day of each month hereafter and 3.5% PIK payable each month in arrears. There are fees, financial covenants, and prepayment fees associated with the loan, as well as a security agreement and other related agreements. As part of the terms of the loan,...
Incap Corporation: INCAP GROUP’S HALF-YEAR FINANCIAL REPORT FOR JANUARY–JUNE 2022 AND WEBCAST 28 JULY 2022
Written by Customer Service on . Posted in Public Companies.
Incap Corporation Press release 1 July 2022 at 3:30 p.m. EESTThe corrected release includes the time of the webcast.
Incap Group’s half-year financial report for January–June 2022 will be published on Thursday, 28 July 2022 at approximately 09:00 a.m. Finnish time. At that time, reporting materials in Finnish and English will be available on the company’s website at https://incapcorp.com/reports-and-presentations/.
WebcastThe company will hold a webcast on Thursday, 28 July 2022 at 2:00 p.m. EEST. The result will be presented by Otto Pukk, CEO, and Antti Pynnönen, CFO, Incap Corporation. In addition to the result, Incap’s UK operations will be presented at the event, and Jamie Maughan, Director of Operations UK will participate in the event.
The live webcast can be followed at https://incap.videosync.fi/2022-07-28-half-year-report....
Medigus: Eventer Signs Agreements with Two Teams from the Israeli Basketball Premier League and the Israeli National Basketball League
Written by Customer Service on . Posted in Public Companies.
Eventer will leverage its capabilities in the sports sector and intends to expand its outreach to leagues in the US and Europe
Tel Aviv, Israel, July 01, 2022 (GLOBE NEWSWIRE) — Medigus Ltd. (Nasdaq: MDGS) (“Medigus”), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle (“EV”) and charging solutions, announced today that Eventer Technologies Ltd. (“Eventer”), a software company operating events and virtual events sector, 47.69% owned by Medigus, signed agreements with two basketball teams from the Israeli Basketball Premier League and the Israeli National Basketball League. As part of the agreements, Eventer will sell tickets for the teams’ games.
Eventer has recently expanded its presence in the entertainment field by offering its services to teams and...
Biomea Fusion Selected for Two Oral Presentations at the European Association for the Study of Diabetes Annual Meeting Describing BMF-219’s Potential as a Novel, Oral, Long-Acting, Acute Treatment for Type 2 Diabetes
Written by Customer Service on . Posted in Public Companies.
Biomea to present two oral abstracts across multiple animal models highlighting the ability of BMF-219, a covalent menin inhibitor, to significantly lower HbA1C (approximately two-fold greater reduction than active control, liraglutide) and to increase beta cell function.
BMF-219 showed prolonged glycemic control in two standard diabetes animal models, the Zucker Diabetic Fatty (ZDF) and Streptozotocin-induced (STZ) Rat models, throughout the dosing period and, additionally, glycemic control was maintained after the dosing period ended.
Oral Presentations to include additional data not released in the two posters presented at the American Diabetes Association Scientific Sessions on June 4, 2022.
Biomea expects to initiate a Phase I/II clinical trial of BMF-219 in type 2 diabetes in the second half of 2022, subject to IND submission and...
Watsco Declares $2.20 Quarterly Dividend
Written by Customer Service on . Posted in Dividend Reports And Estimates.
48th Consecutive Year of Paying Dividends
MIAMI, July 01, 2022 (GLOBE NEWSWIRE) — Watsco, Inc.’s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $2.20 on each outstanding share of its Common and Class B common stock payable on July 29, 2022 to shareholders of record at the close of business on July 15, 2022.
Watsco has paid dividends to shareholders for 48 consecutive years. The Company’s philosophy is to share increasing amounts of cash flow through higher dividends while maintaining a conservative balance sheet with continued capacity to build its distribution network. Future changes in dividends are considered in light of investment opportunities, cash flow, general economic conditions and Watsco’s overall financial condition.
About Watsco
Watsco is the largest distribution network for heating,...
LexaGene Announces MiQLab® System Sale to Veterinary Hospital in Wisconsin
Written by Customer Service on . Posted in Public Companies.
BEVERLY, Mass., July 01, 2022 (GLOBE NEWSWIRE) — LexaGene Holdings, Inc., (OTCQB: LXXGF; TSX-V: LXG) (“LexaGene” or the “Company”), a molecular diagnostics company that has commercialized the MiQLab® System for automated, multiplexing PCR-based syndromic testing in veterinary clinics, is pleased to announce that it has entered into a purchase agreement with a veterinary hospital in Wisconsin.
Dr. Jack Regan, LexaGene’s CEO and Founder stated, “We are pleased to announce this sale to a veterinary hospital in Wisconsin. Once we complete our scheduled installations, we will have MiQLab Systems operating in 10 states across the US. Since the start of this year, our install base has increased 240% and we expect an even steeper increase in the latter part of this year.”
To learn more about LexaGene and the MiQLab System or subscribe...
FLSmidth to deliver process technology for greenfield cement plant in Asia
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FLSmidth has won a contract to supply a series of state-of-art equipment for a greenfield cement plant in Asia.
The order is valued at more than DKK 400 million and has been booked in Q2 2022. The equipment will be supplied during 2023.
The contract includes among other technologies; the FLSmidth OKTM Raw Mill, OKTM Cement Mill and Low NOx ILC preheater, which are flagships in FLSmidth’s MissionZero programme for Cement.
“This project showcases FLSmidth’s ability to deliver energy efficient technologies across the full cement flowsheet and thereby supporting our customers in both increasing capacity and their sustainability efforts,” says Carsten Riisberg Lund, Cement Industry President, FLSmidth.Contacts:
Investor RelationsJannick Lindegaard Denholt, +45 21 69 66 57, jli@flsmidth.comTherese Möllevinge, +45 41 37 16 38, tmo@flsmidth.comMikkel...
Franchise Group Updates Status of Kohl’s Negotiations
Written by Customer Service on . Posted in Mergers And Acquisitions.
DELAWARE, Ohio, July 01, 2022 (GLOBE NEWSWIRE) — Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group”) today announced that its negotiations to acquire Kohl’s Corporation (“Kohl’s”) have terminated. Franchise Group appreciates the time and attention afforded to it by Kohl’s management and advisors, as well as the trust and support it received from its financing partners in connection with the potential transaction. Franchise Group remains committed to evaluating internal and external opportunities that it believes will enhance shareholder value.
About Franchise Group, Inc.
Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders....
American Energy Announces the Acquisition of Austin Master Services
Written by Customer Service on . Posted in Mergers And Acquisitions.
CANONSBURG, PA, July 01, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – American Energy Partners, Inc. (“American Energy”) (OTC: AEPT), an environmental service company, today announced that it has acquired Austin Master Services, LLC (“Acquisition”) located in Pottstown, PA effective July 1, 2022.
Total consideration for the Acquisition was not disclosed and was funded through a combination of cash, conventional debt, and common stock. The Acquisition will immediately be accretive to earnings, and we believe it will increase American Energy’s annualized revenue to over $25,000,000.
Austin Master Services is a full-service, comprehensive environmental services firm specializing in radiological waste management solutions, including deactivation and decommissioning (D&D), remediation and transportation. They provide professional...
Brown & Brown, Inc., completes the acquisition of Patrick Quinlan Insurance by O’Leary Insurance Ltd.
Written by Customer Service on . Posted in Mergers And Acquisitions.
DAYTONA BEACH, Fla., July 01, 2022 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously announced acquisition of Quinlan Insurance by O’Leary Insurances Ltd., part of Brown & Brown.
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With more than 12,000 teammates in 350+ locations across the U.S. and select global markets, we are committed to providing innovative strategies to help protect what our customers value most. For more information or to find an office near you, please visit bbinsurance.com.
This press release may contain certain statements relating to future results which are forward-looking statements, including those associated with this acquisition. These statements...