Nasdaq Halts Pingtan Marine Enterprise Ltd.

Written by Customer Service on December 9, 2022. Posted in Public Companies.

NEW YORK, Dec. 09, 2022 (GLOBE NEWSWIRE) — The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading was halted today in Pingtan Marine Enterprise Ltd. (Nasdaq: PME) at 09:14:21 A.M. Eastern Time for “additional information requested” from the company at a last sale price of $0.57. Trading will remain halted until Pingtan Marine Enterprise Ltd. has fully satisfied Nasdaq’s request for additional information. For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotesSM on the Nasdaq® Web site. For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq Media Contact: Sophia Weisssophia.weiss@nasdaq.com NDAQO

RYVYL Receives NASDAQ Notification Letter Regarding Minimum Bid Price Deficiency

Written by Customer Service on December 9, 2022. Posted in Public Companies.

SAN DIEGO, CA, Dec. 09, 2022 (GLOBE NEWSWIRE) — RYVYL Inc. (NASDAQ: RVYL) (“RYVYL” or the “Company”), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation to conduct payment transactions today announced that it has received a notification letter (the “Notification Letter”) from the Nasdaq Stock Market LLC (the “NASDAQ”) dated December 5, 2022, notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under NASDAQ Listing Rule 5550(a)(2) for continued listing on the NASDAQ. This press release is issued pursuant to NASDAQ Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification. NASDAQ Listing Rule 5550(a)(2) requires listed securities...

Norwegian Cruise Line Holdings Announces Amendment and Extension of Operating Credit Facility

Written by Customer Service on December 9, 2022. Posted in Public Companies.

MIAMI, Dec. 09, 2022 (GLOBE NEWSWIRE) — Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”) today announced it has amended and extended the majority of its operating credit facility consisting of its senior secured revolving credit facility and senior secured term loan A facility (the “Operating Credit Facility”) on December 6, 2022. The amendment has resulted in the extension of maturities of approximately $1.4 billion of the Operating Credit Facility by one year to January 20251. The Company is actively pursuing alternatives to address the remaining debt associated with the Operating Credit Facility that will otherwise mature in January 2024. “We are pleased to have successfully amended and extended the majority of our Operating Credit Facility by one year to 2025,” said Mark A. Kempa, executive vice president and...

RAMM Pharma Corp. Announces Appointment of new Interim-Chief Financial Officer

Written by Customer Service on December 9, 2022. Posted in Public Companies.

TORONTO, Dec. 09, 2022 (GLOBE NEWSWIRE) — RAMM Pharma Corp. (including its wholly owned subsidiaries, the “Company” or “RAMM”) (CSE: RAMM), is pleased to announce the appointment of José Roldan as interim-Chief Financial Officer of the Company, effective immediately. Mr Roldan succeeds Mr. Guillermo Delmonte who is currently on medical leave. Mr. Roldan is a Public Accountant specializing in audits of financial and commercial institutions. He has extensive experience in the cannabis space coupled with knowledge of central bank regulations and International Financial Reporting Standards. Prior to joining RAMM, Mr. Roldan worked as a senior auditor with KPMG Uruguay for six years. About RAMM Pharma Corp. RAMM Pharma is a leader in the field of cannabinoid pharmacology and product formulation for cannabis-based pharmaceuticals...

Japan Smaller Capitalization Fund, Inc. Declares $0.0461 Ordinary Income Distribution

Written by Customer Service on December 9, 2022. Posted in Public Companies.

NEW YORK, Dec. 09, 2022 (GLOBE NEWSWIRE) — Japan Smaller Capitalization Fund, Inc. (NYSE: JOF) (the “Fund”) announced that it would make an ordinary income distribution of $0.0461 per share payable on December 28, 2022 to shareholders of record on December 20, 2022. The ex-dividend date will be December 19, 2022. The amounts and sources of distributions reported in this press release are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the entirety of its fiscal year and may be subject to changes based on tax regulations. The Fund intends to send a Form 1099-DIV for the calendar year concerning the tax treatment of the dividend distributions that were paid to shareholders of...

Smart for Life Announces Capital Restructuring Designed to Address Nasdaq Listing Requirements and Unlock Shareholder Value

Written by Customer Service on December 9, 2022. Posted in Public Companies.

Includes $1.0M Private Placement with Accredited Institutional Investors; and Conversion of $2.5M of Debt to Equity Restructuring Enhances Balance Sheet and Increases Shareholders’ Equity for Nasdaq Compliance MIAMI, Dec. 09, 2022 (GLOBE NEWSWIRE) — Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a high growth global leader in the Health & Wellness sector marketing and manufacturing nutritional foods and supplements worldwide, today announced a series of agreements designed to enhance the capital structure, increase shareholders’ equity and contribute toward our continued Nasdaq listing requirements. First, the Company has entered into a securities purchase agreement with investors whereby the Company issued the investors an aggregate of 1,282,896 shares of common stock and prefunded warrants to purchase...

Gulf Resources Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities

Written by Customer Service on December 9, 2022. Posted in Public Companies.

SHOUGUANG, China, Dec. 09, 2022 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced that it received an oral notification from the government of Shouguang City on December 8, 2022, pursuant to which its all bromine facilities in Shouguang City will be temporarily closed from December 10, 2022 until February 1, 2023 8:00 AM China Time. To comply with such notification, the Company expects to temporarily stop production at its bromine facilities in Shouguang City during the aforesaid period. We believe this seasonal closure ordered by the government is part of governmental action plan to curb air pollution, which becomes worse in the winter, and improve the comprehensive...

Grupo Aeroportuario del Pacifico Announces the Ps.1.5 Billion Drawdown from Available Credit Facility

Written by Customer Service on December 9, 2022. Posted in Public Companies.

GUADALAJARA, Mexico, Dec. 09, 2022 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) informs that today made a drawdown of Ps. 1.5 billion from a credit facility with Banco Nacional de México, S.A., (“Citibanamex”), at an 18-month term. Interest will be payable monthly at a variable rate of TIIE-28 plus 38 basis points, and principal payment due upon maturity, without fees. Proceeds from this loan will be allocated towards the financing of capital investments purposes. Company Description Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico ’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities:...

<div>SCP & CO Healthcare Acquisition Company Amends Charter to Unwind Before Year-End and Announces December 9, 2022 as Amended Termination Date and Announces Key Dates in Connection with the Liquidation</div>

SCP & CO Healthcare Acquisition Company Amends Charter to Unwind Before Year-End and Announces December 9, 2022 as Amended Termination Date and Announces Key Dates in Connection with the Liquidation

Written by Customer Service on December 9, 2022. Posted in Mergers And Acquisitions.

Tampa, FL, Dec. 09, 2022 (GLOBE NEWSWIRE) — On December 8, 2022, the stockholders of SCP & CO Healthcare Acquisition Company (the “Company”) approved an amendment to the Company’s amended and restated certificate of incorporation (the “Charter Amendment”) to allow the Company to unwind and redeem all of its outstanding public shares prior to December 30, 2022. The Company filed the Charter Amendment with the Secretary of State of the State of Delaware on December 8, 2022. Following the implementation of the Charter Amendment, the Board of Directors of the Company set December 9, 2022 as the amended termination date. The Company has also requested the Nasdaq Stock Market LLC to suspend trading of (i) its Class A common stock, par value $0.0001 per share, of the Company (“Class A Common Stock”), (ii) redeemable warrants to...

Fast Radius Announces Acquisition by SyBridge Technologies, Pending Court Approval

Written by Customer Service on December 9, 2022. Posted in Mergers And Acquisitions.

CHICAGO, Dec. 09, 2022 (GLOBE NEWSWIRE) — Fast Radius, Inc. (OTCMKTS: FSRDQ) (“Fast Radius” or the “Company”) announced today that, following a comprehensive sale process and competitive auction conducted under Section 363 of the U.S. Bankruptcy code, SyBridge Technologies will acquire Fast Radius’ assets. Under SyBridge, Fast Radius will build its digital manufacturing and software business and will go to market under the Fast Radius brand name. SyBridge Technologies’ bid provides a total consideration of approximately $15.9 million, maximizes value and minimizes the remaining duration of the Company’s restructuring by providing a clear path forward for the Debtors to consummate a chapter 11 plan and return value to their customers and other creditors. The transaction is subject to approval by the United States Bankruptcy...

Day: December 9, 2022

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