Month: August 2022

CNL STRATEGIC CAPITAL ANNOUNCES OPERATING RESULTS FOR SECOND QUARTER 2022

Written by Customer Service on August 26, 2022. Posted in Earnings Releases And Operating Results.

Orlando, Fla., Aug. 26, 2022 (GLOBE NEWSWIRE) — CNL Strategic Capital, LLC (“CNL Strategic Capital,” the “Company” or “we”) seeks to provide current income and long-term appreciation to investors by acquiring controlling equity stakes in combination with loan positions in privately owned middle-market businesses. The Company announced its operating results for the six months ended June 30, 2022. Highlights:As of June 30, 2022, CNL Strategic Capital’s portfolio consisted of equity and debt investments in 11 portfolio companies and had approximately $607.3 million in total assets, compared with approximately $514.8 million as of Dec. 31, 2021.For the six months ended June 30, 2022, the Company recognized a net change in unrealized appreciation on investments of approximately $17.3 million and had total investment income of approximately...

Northrim BanCorp, Inc. Declares Quarterly Cash Dividend of $0.50 per Share

Written by Customer Service on August 26, 2022. Posted in Dividend Reports And Estimates.

ANCHORAGE, Alaska, Aug. 26, 2022 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.50 per share. The dividend will be payable on September 16, 2022, to shareholders of record at the close of business on September 8, 2022. “We are pleased to increase our quarterly dividend as we continue to be committed to providing returns to our shareholders,” said Joe Schierhorn, President and CEO. At the stock price of $40.50 per share at the close of the market on August 25, 2022, the current dividend equates to a yield of 4.94% on an annualized basis. On July 28, 2022, Northrim reported net income of $4.8 million, or $0.83 per diluted share, in the second quarter of 2022, compared to $7.2 million, or $1.20 per diluted share, in the first quarter...

Firsthand Technology Value Fund Holding Hera Systems Selected for U.S. Space Force Tetra-5 Program

Written by Customer Service on August 26, 2022. Posted in Public Companies.

SAN JOSE, Aug. 26, 2022 (GLOBE NEWSWIRE) — Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today that Hera Systems, a holding since 2015, has been selected to provide spacecraft and related capabilities to the Tetra-5 program for the U.S. Space Force. The Tetra-5 program will develop and deploy a constellation of up to three prototype spacecraft to demonstrate key inspection and docking capabilities for on-orbit refueling and the use of next-generation autonomous collaboration techniques. The U.S. Space Force has awarded the contract to lead the Tetra-5 program to Orion Space Solutions with support from Hera Systems. The contract award, if all options are exercised, is valued at up to $44.5 million. Under its...

Active Health Foods, Inc. Ending Reg a Offering, Approves Substantial Reverse Split

Written by Customer Service on August 26, 2022. Posted in Public Companies.

Los Angeles, CA, Aug. 26, 2022 (GLOBE NEWSWIRE) — ACTIVE HEALTH FOODS, INC. (OTC: AHFD) has terminated the previously announced $20 Million Regulation A public offering of its shares. Separately, the Company has approved and filed with the Financial Industry Regulatory Authority (FINRA) to implement a substantial reverse-split of its common shares on a 1-for-7,000 basis. Upon completion of the reverse-split of the AHFD shares, the filed corporate action includes change the company’s name to “Active Health, Inc.” as well as trading symbol on OTC Markets. The post-split capitalization for the Company will be reduced to 100 million common shares authorized. The previous increase to 37 billion authorized shares for the purpose of the Reg A offering will be amended. The purpose of the reverse-split is to qualify the Company for listing...

AllSurplus Achieves Record Sale of Two Bell 407GX Helicopters for Major Oil and Gas Corporation

Written by Customer Service on August 26, 2022. Posted in Public Companies.

Extensive Marketing Campaign Results in Multi-Million Dollar PurchaseLiquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, successfully auctioned two 2013 Bell 407GX helicopters through its online marketplace, AllSurplus, on behalf of a major energy client.PICAYUNE, Miss., Aug. 26, 2022 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, successfully auctioned two 2013 Bell 407GX helicopters through its online marketplace, AllSurplus, on behalf of a major energy client. The auction garnered nine unique bidders and was awarded to an end-user in Louisiana. “We are proud of our team’s ability to successfully execute across a broad array of commodities, regardless of the industry,” said Liquidity Services...

Embargoed until August 26, 10:30 am GMT+2

Written by Customer Service on August 26, 2022. Posted in Public Companies.

Press Release Embargoed until August 26, 10:30 am GMT+2 Lausanne, 26th of August 2022 In the early hours of Friday August 12, 2022, off the coast of Mumbai (India) bad weather turned worse, just when one of the electric engines fell out, the unfolding events led to the beaching of the experimental ship Porrima on the coast of Mumbai. The Indian Coast Guard rescued all crew members who -at their request- immediately returned home safely. Porrima’s core structure seems to have withstood the shocks of crushing onto rocks before the currents apparently ditched her onto a sand bank where she emerged for the locals as a space ship landing from the universe. We express deepest gratitude to the Indian Coast Guard and the local villagers for their courageous support and rescue operation. As the salvaging of Porrima started on August 24, less...

TowneBank Names Chief Executive Officer Successor

Written by Customer Service on August 26, 2022. Posted in Public Companies.

SUFFOLK, Va., Aug. 26, 2022 (GLOBE NEWSWIRE) — Hampton Roads based TowneBank (the “Company” or “Towne”) (NASDAQ: TOWN) announced today that its Board of Directors selected William (Billy) I. Foster, III to succeed J. Morgan Davis when he steps down as Chief Executive Officer on December 31, 2022. Mr. Davis, who plans to retire on March 31, 2023 after assisting with the transition process, will continue to serve on the Board of Directors of the Company and as an executive consultant focused on mergers and acquisitions, member relations and other special projects. This announcement follows a months-long process led by a special committee formed by the Board to direct the search for Mr. Davis’ successor and to conduct a comprehensive review and assessment of the Company’s long-term management succession plan for its senior leadership...

Trend Innovations Holding Inc. Uses Artificial Intelligence Technology in News Aggregators

Written by Customer Service on August 26, 2022. Posted in Public Companies.

Vilnius, Lithuania, Aug. 26, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Trend Innovations Holding Inc. (OTCQB: TREN) is a company specializing in innovative technologies using artificial intelligence. One of the company’s key projects is the Thy News application. Thy News is an application with easy-to-use management features and the option to select topics of interest. Users get to choose among a wide range of news sources to subscribe to and group them in one of five news feed designs. For example, if a user is interested in technology and sports, they can access this content without being distracted by other news. The time of publication, as well as the sources, are indicated with each release. Also, it is easy to share an article with anyone. Thanks to additional features, the application is partially available...

Overstock Completes Planned Investment in tZERO

Written by Customer Service on August 26, 2022. Posted in Public Companies.

SALT LAKE CITY, Aug. 26, 2022 (GLOBE NEWSWIRE) — Overstock.com, Inc. (NASDAQ:OSTK), a leading furniture and home furnishings retailer, announced today that it has completed the second tranche of its planned investment in tZERO Group, Inc. (tZERO), after its initial funding announced in February of this year. tZERO’s strategic funding round, which was led by Intercontinental Exchange, Inc. (NYSE: ICE), closed on August 22, 2022. “The completion of Overstock’s additional investment in tZERO shows our commitment to tZERO and our belief in its leadership. Overstock was an early advocate for accelerating the adoption of blockchain technology, particularly in capital markets, and we have long supported tZERO in doing that,” said Overstock CEO Jonathan Johnson. “We continue to believe in the tZERO team and its efforts to revolutionize...

Shockwave Medical to Participate in Two Upcoming Investor Conferences

Written by Customer Service on August 26, 2022. Posted in Public Companies.

SANTA CLARA, Calif., Aug. 26, 2022 (GLOBE NEWSWIRE) — Shockwave Medical, Inc. (NASDAQ: SWAV), a pioneer in the development of Intravascular Lithotripsy (IVL) to treat severely calcified cardiovascular disease, announced today that the company will be participating in two upcoming virtual investor conferences:The 2022 Wells Fargo Healthcare Conference Fireside Chat on Thursday, September 8, 2022, at 9:45 a.m. Eastern Time.The Morgan Stanley 20th Annual Global Healthcare Conference Fireside Chat on Tuesday, September 13, 2022, at 2:05 p.m. Eastern Time.Interested parties may access live and archived webcasts of the events on the “Investors” section of the company’s website at: https://ir.shockwavemedical.com. About Shockwave Medical, Inc. Shockwave is focused on developing and commercializing products intended to transform...

Month: August 2022

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