Month: August 2022

New law renews $7,500 electric vehicle tax credit for ten years Miami, FL, Aug. 16, 2022 (GLOBE NEWSWIRE) — Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner, operator, and provider of electric vehicle (“EV”) charging equipment and services, applauds President Biden for signing the Inflation Reduction Act of 2022. The legislation includes numerous components that will help propel the EV economy forward in the coming years. “The Inflation Reduction Act is a major victory for the EV industry,” said Michael D. Farkas, Chairman and CEO at Blink Charging. “I am thrilled to see Congress pass such a significant and historic piece of legislation and to be a partner with them in building a vibrant national EV infrastructure. We should all be proud that America is leading the way in developing policies...

BANNOCKBURN, Ill., Aug. 16, 2022 (GLOBE NEWSWIRE) — Option Care Health, Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH) announced today that an affiliate of Walgreens Boots Alliance, Inc. (the “Selling Stockholder”) has agreed to sell 11,000,000 shares of the Company’s common stock in an underwritten secondary offering. The Company will not receive any proceeds from the offering. This sale of shares represents approximately 6.0% of the current shares outstanding. Goldman Sachs & Co. LLC is acting as the sole underwriter for the offering. A shelf registration statement on Form S-3 relating to the shares of common stock was filed with, and declared effective by, the Securities and Exchange Commission (the “SEC”). The offering may be made only by means of a prospectus supplement and the accompanying prospectus, which...

TORONTO, Aug. 16, 2022 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) has completed its previously announced offering of US$750 million in aggregate principal amount of 5.625% Senior Notes due 2032 (the “Notes”). In connection with the closing of the offering, Fairfax entered into a customary registration rights agreement. Fairfax intends to use substantially all of the net proceeds of this offering to purchase a portion of the non-controlling interests in Allied World Assurance Company Holdings, Ltd (“Allied World”), and use any remainder for general corporate purposes. The offering was made solely by means of a private placement either to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or to certain non-U.S....

MONTREAL, Aug. 16, 2022 (GLOBE NEWSWIRE) — Osisko Development Corp. (“Osisko Development” or the “Company”) (ODV TSX.V & NYSE) is pleased to announce our inaugural sustainability report for 2020 and 2021 is now available on our corporate website; click here to view the report. Osisko Development understands that our success is measured by more than the gold we produce. Operating in an environmentally and socially responsible way is intricately connected to our long-term success. As our organization continues to evolve and grow, so will the expectations of our stakeholders. Our first sustainability report describes our management approach to, and performance in, a variety of environmental, social and governance (“ESG”) considerations. Osisko Development’s three pillars of sustainability are:Being a good neighbour in the communities...

COLUMBUS, OH, Aug. 16, 2022 (GLOBE NEWSWIRE) — Intellinetics, Inc. (OTCQB: INLX) (the “Company”) announced that the Company’s 2022 Annual Meeting of Stockholders, set for August 17, 2022, at 3 p.m. has been cancelled and will be rescheduled, due to the Company’s anticipation of a lack of the required quorum. A quorum consists of a majority of the shares entitled to vote. There were fewer than a majority of shares entitled to vote returned by proxy, and the Company does not expect enough stockholders to attend the meeting in person. The Company has recently retained a proxy solicitation firm and intends to reschedule its 2022 Annual Meeting of Stockholders, with a new record date and meeting date to be announced. Proxy materials will be revised and made available to all stockholders as of the new record date. Important Information This...

BEDFORD, Texas, Aug. 16, 2022 (GLOBE NEWSWIRE) — Legacy Housing Corporation (the “Company” or “Legacy”, NASDAQ: LEGH) is committed to regaining compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. As part of that commitment, Legacy provides the following updates:Legacy filed its Form 10-K for the year ended December 31, 2021 on August 3, 2022. On August 5, 2022, the Audit Committee of the Board of Directors of Legacy dismissed Weaver and Tidwell, LLP and approved the appointment of Daszkal Bolton LLP as the Company’s new independent registered public accounting firm. The Company anticipates filing its Form 10-Q1 and Form 10-Q2 by late September 2022.Duncan Bates, President and Chief Executive Officer,...

UNIONDALE, N.Y., Aug. 16, 2022 (GLOBE NEWSWIRE) — Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that the Board of Directors (the “Board”) declared a quarterly dividend on its common stock of $0.22 per common share, payable on September 30, 2022 to shareholders of record at the close of business on September 2, 2022. John R. Buran, the Company’s President and Chief Executive Officer, stated: “This quarter’s dividend marks the 105th consecutive quarterly dividend. The quarterly dividend payment, highlights our commitment to shareholders while supporting and investing in the franchise over the short and long term. Our low risk business model and conservative underwriting standards protects the Company from any potential changes in the credit...

BETHESDA, Md., Aug. 16, 2022 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc., holding company for EagleBank, one of the largest community banks in the Washington, D.C. area, today announced the Securities and Exchange Commission (SEC) and Federal Reserve Board (FRB) have granted final approval for the settlement of charges relating to the Company’s identification, classification and disclosure of related party transactions; and the relationship of the Company and certain of its former officers and directors with a local public officials.   “We are pleased that the SEC and FRB have approved the settlements and we can now put these legacy matters behind us and continue our focus on running one of the most profitable community banks in the Washington, DC region,” said Susan Riel, Chief Executive Officer at EagleBank. “I would like to thank...

EMBK Class A common stock will begin trading on a split-adjusted basis on August 17, 2022 SAN FRANCISCO, Aug. 16, 2022 (GLOBE NEWSWIRE) — Embark Technology, Inc. (Nasdaq: EMBK, “Embark” or the “Company”), a leading developer of autonomous technology for the trucking industry, today announced that a reverse split of its common stock at a ratio of 1 post-split share for every 20 pre-split shares became effective following close of trading on Nasdaq today. EMBK’s Class A common stock will begin trading on a split-adjusted basis when the market opens on August 17, 2022 under the existing trading symbol, “EMBK.” Based on the closing price as of August 16, 2022, the implied post-split share price is approximately $16.56. The reverse stock split was approved by the Company’s stockholders with 89.5% voting to approve at a special meeting...