Day: December 19, 2022

California Water Service Group Utilities Complete Acquisition of Keauhou Wastewater System in Hawaii, Receive CPUC Approval to Acquire King’s Mountain Water System in California

Written by Customer Service on December 19, 2022. Posted in Mergers And Acquisitions.

SAN JOSE, Calif., Dec. 19, 2022 (GLOBE NEWSWIRE) — Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), has completed the purchase of Keauhou Community Services, Inc.’s (KCSI) wastewater system assets following approval by the Hawaii Public Utilities Commission earlier this fall. Additionally, Group subsidiary California Water Service (Cal Water) received approval from the California Public Utilities Commission (CPUC) to acquire the water system assets of King’s Mountain Park Mutual Water Company (King’s Mountain). Hawaii Water has been providing wastewater utility service to KCSI’s customers through an operation and maintenance contract since 2018. In addition to Kahaluu Beach Park and the Keauhou Bay Facility, KCSI serves about 1,500 residential, hotel, and commercial customer-equivalent...

Blucora Announces Closing of TaxAct Sale

Written by Customer Service on December 19, 2022. Posted in Public Companies.

Company Plans to Return $400 – $450 Million of Capital to Shareholders through a $250 Million Modified Dutch Auction Tender Offer and Additional Share Buyback Authorization of up to $200 Million Announces Reduction in Board Size at 2023 Annual Meeting DALLAS, Dec. 19, 2022 (GLOBE NEWSWIRE) — Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ: BCOR) today announced the completion of its previously announced sale of its tax software business, TaxAct, to an affiliate of Cinven for $720 million in cash, with after-tax net cash proceeds of approximately $620 million. Blucora expects to return $400 – $450 million of capital to shareholders and today announced its plan to repurchase up to $250 million of its shares of common stock through a modified “Dutch Auction” tender offer in the first quarter of 2023. In...

Stitch Fix Adds Kofi Amoo-Gottfried, CMO of DoorDash to Board of Directors

Written by Customer Service on December 19, 2022. Posted in Public Companies.

SAN FRANCISCO, Dec. 19, 2022 (GLOBE NEWSWIRE) — Stitch Fix Inc. (NASDAQ: SFIX), the leading online personal styling service, announced that Kofi Amoo-Gottfried, Chief Marketing Officer of DoorDash, Inc., has joined Stitch Fix’s Board of Directors, effective immediately. Prior to DoorDash, Amoo-Gottfried held various senior positions in brand and marketing at Meta and Bacardi. He also brings more than a decade of advertising experience from Leo Burnett and Wieden + Kennedy with brands such as Kellogg’s, Coca Cola and Nike. “We are pleased to welcome Kofi to our Board of Directors,” said Elizabeth Spaulding, CEO of Stitch Fix. “We are excited for the deep customer, marketing channel and brand expertise that Kofi will provide as we continue to execute on our strategy to evolve Stitch Fix into the global destination for personalized...

Greystone Housing Impact Investors LP Announces Regular Quarterly Distribution and Supplemental Distributions

Written by Customer Service on December 19, 2022. Posted in Dividend Reports And Estimates.

OMAHA, Neb., Dec. 19, 2022 (GLOBE NEWSWIRE) — On December 19, 2022, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced that the Board of Managers of Greystone AF Manager LLC (“Greystone Manager”) declared a distribution to the Partnership’s Beneficial Unit Certificate (“BUC”) holders of $0.67 per BUC. The distribution consists of a regular quarterly cash distribution of $0.37 per BUC, a supplemental cash distribution of $0.10 per BUC, and a supplemental distribution payable in the form of additional BUCs equal in value to $0.20 per BUC. The supplemental distribution of additional BUCs will be paid at a ratio of 0.0105 BUCs for each issued and outstanding BUC as of the record date, which represents an amount per BUC based on the closing price of the BUCs on the New York Stock Exchange on December 16,...

Titan Machinery Announces Acquisition of Idaho Dealerships

Written by Customer Service on December 19, 2022. Posted in Mergers And Acquisitions.

WEST FARGO, N.D., Dec. 19, 2022 (GLOBE NEWSWIRE) — Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, today announced that it has entered into a definitive purchase agreement to acquire the Idaho dealership assets of Pioneer Farm Equipment Co. (“Pioneer”). The acquisition includes five full-line Case IH agriculture dealerships located in southeastern Idaho, two of which are also Case Construction equipment dealerships. For full calendar year 2021, Pioneer generated revenue of approximately $60 million. The acquisition is expected to close in February 2023. David Meyer, Titan Machinery’s Chairman and Chief Executive Officer, stated, “We are excited to announce our agreement to purchase Pioneer’s Idaho dealership assets. The Pioneer team has been serving customers...

Steelcase Reports Third Quarter Fiscal 2023 Results

Written by Customer Service on December 19, 2022. Posted in Earnings Releases And Operating Results.

Revenue and earnings growth driven by strong beginning backlog and year-over-year pricing benefits Gross margin improved 120 basis points compared to prior year driven by a 280 basis point improvement in the Americas Actions to reduce cost structure expected to produce approximately $30 million of annualized savings Fourth quarter outlook projects earnings growth compared to prior year driven by pricing benefits and includes savings from recent actionsGRAND RAPIDS, Mich., Dec. 19, 2022 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $826.9 million, net income of $11.4 million, or $0.10 per share, and adjusted earnings per share of $0.20. In the prior year, Steelcase reported revenue of $738.2 million and net income of $9.6 million, or $0.08 per share, and had adjusted earnings per share...

AvidXchange Announces Board Changes

Written by Customer Service on December 19, 2022. Posted in Public Companies.

–Board additions to broaden perspectives around product, platform and automation CHARLOTTE, N.C., Dec. 19, 2022 (GLOBE NEWSWIRE) — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced the appointment of two new Board members: Sonali Sambhus and Asif Ramji. The addition of these two seasoned executives with a broad portfolio of experience across software and payments complexes enhances the Board’s insights around product, platform and automation initiatives. “I am delighted to welcome such high caliber talent as Sonali and Asif join the distinguished AvidXchange Board. As we continue to execute on our product and platform roadmap, we look forward to leveraging their industry knowledge...

Mayfair Gold Closes First Tranche of Non-Brokered Private Placement Financing to Advance Fenn-Gib Gold Project

Written by Customer Service on December 19, 2022. Posted in Public Companies.

VANCOUVER, British Columbia, Dec. 19, 2022 (GLOBE NEWSWIRE) — Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced the closing of the first tranche of its previously announced non-brokered private placement financing (the “Offering”) for proceeds of $4,980,000. The funds will be used to further the Company’s successful exploration program at the Fenn-Gib gold project in the Timmins region of Ontario. The Company issued 3,000,000 common shares on a flow-through basis (the “FT Shares”) at a price per FT share of $1.66 for gross proceeds of $4,980,000. The Offering price per FT share represented a premium of 32% over the closing price of Mayfair Gold common shares on the TSX.V on November 28, 2022. All proceeds from the sale of FT Shares will be used for expenditures that qualify as Canadian Exploration...

Direct Messaging Comes to Truth Social

Written by Customer Service on December 19, 2022. Posted in Public Companies.

SARASOTA, Fla., Dec. 19, 2022 (GLOBE NEWSWIRE) — Today, Trump Media & Technology Group (“TMTG”) announced that direct messaging (“DM”) is now available on the iOS, Android, and web versions of Truth Social. Users can now privately DM fellow users on a one-to-one basis with text-based messages containing up to 500 characters. Future updates will allow users to react to messages with emojis and exchange media attachments. To access direct messaging on iOS and Android, users should update Truth Social via the Apple App Store, Google Play Store, or Samsung Galaxy Store. To access direct messaging on the Truth Social Web App, users can visit https://truthsocial.com. Investor Relations Contact:MZ Group – North Americatmtgir@mzgroup.us Media Contact:press@tmtgcorp.com

White Gold Corp. Announces Closing of Fully Subscribed $4.4 Million Private Placement

Written by Customer Service on December 19, 2022. Posted in Public Companies.

TORONTO, Dec. 19, 2022 (GLOBE NEWSWIRE) — White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company” or “White Gold”) is pleased to announce the closing of a non-brokered private placement for aggregate gross proceeds of approximately $4.4 million (the “Offering”). Agnico Eagle Mines Limited (“Agnico”) participated in the offering in order to maintain its partially-diluted ownership in the Company at 19.8%. The Offering consisted of the sale of: (i) 1,885,000 common shares in the capital of the Company (the “Common Shares”) at a price of $0.38 per Common Share; and (ii) 9,025,780 Common Shares issued on a “flow-through basis” (the “FT Shares” and together with the Common Shares, the “Offered Shares”) at a price of $0.41 per FT Share. “We are very grateful for the continued support of Agnico and our other shareholders...

Day: December 19, 2022

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