Day: September 23, 2022

TEL AVIV, Israel, Sept. 23, 2022 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology leader and provider of electric vehicle (EV) platforms, announced today the expiration and results of its previously announced exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding (i) public warrants to purchase Class A ordinary shares of the Company, without par value (the “Class A ordinary shares”), which warrants trade on the Nasdaq Stock Market (“Nasdaq”) under the symbol “REEAW” (the “public warrants”), and (ii) related private placement warrants to purchase Class A ordinary shares (the “private placement warrants” and, together with the public warrants, the Warrants”). The Offer and Consent Solicitation expired at midnight (end of...

VANCOUVER, British Columbia, Sept. 23, 2022 (GLOBE NEWSWIRE) — Arras Minerals Corp. (TSXV: ARK) (“Arras” or the “Company) announces the grant of stock options to an independent director. The Company’s Board of Directors has authorized, pursuant to its Equity Incentive Plan, the grant of 300,000 stock options (“Options”) to an independent director, effective at the close of trading on September 22, 2022 (“Grant Date”). Each Option entitles the independent director to purchase one common share (each, a “Share”) in the capital of the Company. The Options were awarded at an exercise price of C$0.35 per Share for a five-year term. The Options vest over 3 years, with 1/3 of the Option vesting immediately, 1/3 vesting on September 22, 2023 and 1/3 vesting on September 22, 2024. About Arras Arras is a Canadian exploration and development...

PHOENIX, Sept. 23, 2022 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (Nasdaq: CVCO) today announced that the United States District Court for the District of Arizona approved the settlement of the Securities and Exchange Commission action against the Company. The action was based on securities trading in 2017 directed by Joseph Stegmayer, former chief executive officer, which resulted in an unrealized gain of approximately $265,000 for the Company. Without admitting or denying the findings of the consent judgment, the Company agreed to the imposition of an injunction against future violations of the antifraud and internal accounting control provisions of the Securities Exchange Act of 1934 and a monetary penalty of $1.5 million. The settlement resolves all claims in the action against the Company. Daniel Urness, its former chief financial...

LOS ANGELES, Sept. 23, 2022 (GLOBE NEWSWIRE) — Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) (“Irwin” or the “Company”) announced today its intention to commence a normal course issuer bid (“NCIB”), under which the Company may purchase up to 75,466 of the Company’s Subordinate Voting Shares (“SVS” or “Shares”) over a 12-month period, representing approximately 5% of its issued and outstanding SVS as of September 26, 2022. The Company is pursuing an NCIB because it believes that, from time to time, the market price of its Shares may not fully reflect the underlying value of the Company’s business and future prospects. Irwin believes that, at such times, the repurchase of its Shares for cancellation represents an appropriate use of the Company’s financial resources and will enhance shareholder value. CEO, Klee Irwin, commented,...

CEO Ezra Beyman personally purchases over $400,000 of Company Stock LAKEWOOD, N.J., Sept. 23, 2022 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-based technologies with the personalized experience of a traditional insurance agency, today announced that its Board of Directors (the “Board”) authorized a share repurchase program under which the Company may repurchase up to 3.0 million shares of its outstanding common stock, which will become effective three business days after the date the Company issues its quarterly earnings release for the three months ended September 30, 2022 (the “Commencement Date”), which the Company currently anticipates issuing on or about November 14, 2022. Following the Commencement Date, and...

NEW YORK, Sept. 23, 2022 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) has approved a strategic repositioning of its business by opportunistically disposing of the Company’s joint venture equity interests in multi-family properties over time and reallocating its capital away from such assets to its targeted assets. The Company held $265.0 million in joint venture equity interests in multi-family properties as of June 30, 2022, representing 5.7% of its total investment portfolio. As of September 22, 2022, the Company held $336.6 million in cash. “Beginning in 2020, we saw an exciting opportunity within the multi-family property sector to utilize our sourcing network and add equity exposure to over 20 properties through joint ventures,” said...

Miami, FL, Sept. 23, 2022 (GLOBE NEWSWIRE) — Clover Leaf Capital Corp. (Nasdaq: CLOE, CLOEU and CLOER) (“Clover Leaf” or the “Company”) announced that its board of directors has set the close of business on September 23, 2022 as the record date (the “Record Date”) for Clover Leaf’s special meeting of its stockholders (the “Special Meeting”) to be held to approve a proposal to amend the Company’s charter (the “Extension Amendment”) to extend the date by which the Company has to complete a business combination from October 22, 2022 to July 22, 2023 (the “Extension”). The Company’s stockholders of record at the close of business on the record date, September 23, 2022, will be entitled to vote the shares of common stock of Clover Leaf owned by them at the Special Meeting. A proxy statement relating to this special meeting has not been...

Carlsbad, CA, Sept. 23, 2022 (GLOBE NEWSWIRE) — Palisade Bio, Inc. (Nasdaq: PALI), a clinical stage biopharmaceutical company advancing therapies for acute and chronic gastrointestinal (GI) complications, today announced that it had made equity grants to two new employees under its 2021 Inducement Plan. On August 29, 2022, the Company’s Compensation Committee granted options to two new non-executive employees covering an aggregate of 93,000 shares of the Company’s common stock as material inducements to employment in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price equal to the closing price of the Company’s common stock on the date of grant. The options granted to each employee vest in equal proportions each quarter for three years. In all cases, the options are contingent on each employee’s continued...