Inscape and HUK 121 Announce Successful Take-Over Bid and Extension of Deposit Period

Written by Customer Service on December 23, 2022. Posted in Public Companies.

HOLLAND LANDING, Ontario, Dec. 23, 2022 (GLOBE NEWSWIRE) — Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), and HUK 121 Limited (the “Offeror”), a subsidiary of Hilco Capital Limited (“Hilco”), are pleased to jointly announce that the Offeror has been successful in its bid to purchase common shares (the “Common Shares”) of Inscape as previously disclosed on October 29, 2022 (the “Offer”). Each of the conditions to the Offer was satisfied or waived by 5:00 p.m. (Toronto time) on December 23, 2022 (the “Initial Expiry Time”). At the Initial Expiry Time, 12,661,625 Common Shares (representing approximately 88.05% of the issued and outstanding Common Shares) (the “Deposited Shares”) were deposited to the Offer and have now been taken up by the Offeror. The aggregate consideration payable for the Deposited Shares is approximately...

Corporate Update: Smart Employee Benefits Inc. Announces Loan from Co-operators

Written by Customer Service on December 23, 2022. Posted in Public Companies.

MISSISSAUGA, Ontario, Dec. 23, 2022 (GLOBE NEWSWIRE) — Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF) a leader in benefits processing solutions and services today announced that Co-operators Financial Services Limited (“Co-operators”), a strategic investor in SEB, has loaned $18,000,000 to SEB (the “Loan”). The Loan is evidenced by a promissory note dated December 23, 2022 (the “Promissory Note”) issued by SEB in favour of Co-operators and bears interest at 15% per annum, with the first payment payable on February 28, 2023, with each subsequent payment to be made on the last business day of every other month thereafter, with a maturity date being the earlier of the date Co-operators makes demand and November 30, 2025. The Loan is secured over the assets of SEB. Proceeds from the Loan were used...

Enservco Corporation Reports 2022 Third Quarter Financial Results

Written by Customer Service on December 23, 2022. Posted in Earnings Releases And Operating Results.

Q3 revenue up 3% YOY to $3.1 million from $3.0 million Q3 net loss of $3.1 million compared to net income of $0.4 million in the prior year primarily due to the Company receiving $2.0 million in PPP loan forgiveness and $0.7 million in Employee Retention Credits in the third quarter last year Q3 adjusted EBITDA loss improves to $1.3 million from $1.5 million YOY Nine-month revenue increased 35% YOY to $15.1 million from $11.3 million Nine-month net loss reduced to $3.9 million from $5.0 million YOY due primarily to a $4.3 million gain on debt extinguishment in the first quarter of 2022 Nine-month adjusted EBITDA loss improved to $2.7 million from $4.1 million Enservco is now fully current in its SEC filings LONGMONT, Colo., Dec. 23, 2022 (GLOBE NEWSWIRE) — Enservco Corporation (NYSE American: ENSV), a diversified...

SportsTek Acquisition Corp. Announces Termination of Letter of Intent and Liquidation

Written by Customer Service on December 23, 2022. Posted in Mergers And Acquisitions.

NEW YORK, Dec. 23, 2022 (GLOBE NEWSWIRE) — SportsTek Acquisition Corp. (the “Company”) (Nasdaq: SPTK, SPTKU, and SPTKW) announced today that the non-binding letter of intent with Metavisio (d/b/a Thomson Computing), a French company specializing in building, marketing, and selling laptops, whose securities are listed on Euronext Growth in Paris, with respect to a proposed business combination transaction, has been mutually terminated by the parties. In addition, the Company announced today that the board of directors of the Company (the “Board”) has elected to abandon and not implement the extension that was approved by stockholders on December 20, 2022, because despite significant efforts to identify and complete an initial business combination, the Board does not believe that the Company will be able to complete an initial business...

Koios Provides Update on Failure to File Cease Trade Order

Written by Customer Service on December 23, 2022. Posted in Public Companies.

DENVER, Dec. 23, 2022 (GLOBE NEWSWIRE) — Koios Beverage Corp. (CSE: FIT; OTC: FITSF) (the “Company” or “Koios”) announces that further to its press release dated December 16, 2022, the British Columbia Securities Commission (the “BCSC”) has issued a failure to file cease trade order against the Company (“FTFCTO”) which orders that general trading, whether direct or indirect, by any person, of the securities of the Company, cease, which includes trading of the shares of the Company on the Canadian Securities Exchange. The Company is diligently working with its auditors to conclude the filings at the earliest possible time. The delay in completing and filing the Company’s financial statements stems from certain valuation information that was required in connection with the Company’s...

SurgePays Announces Changes To Its Board Of Directors

Written by Customer Service on December 23, 2022. Posted in Public Companies.

Election of Laurie Weisberg and Richard Schurfeld BARTLETT, Tenn., Dec. 23, 2022 (GLOBE NEWSWIRE) — SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved, announced the election of Laurie Weisberg and Richard Schurfeld to the company’s Board of Directors. Along with the above election, the company announces the resignation of Jay Jones from the Company’s Board of Directors. Both changes are effective immediately. “We are pleased to welcome Laurie and Rich to the SurgePays Board of Directors at a critical time in the maturation of our company,” stated Brian Cox, SurgePays, Inc’s Chief Executive Officer. “In addition to their operational leadership experience in their respective...

Brookfield Business Partners L.P. 2022 Fourth Quarter Conference Call and Webcast for Investors and Analysts

Written by Customer Service on December 23, 2022. Posted in Public Companies.

Date: Friday, February 3, 2023Time: 11:00 a.m. (Eastern Time) BROOKFIELD NEWS, Dec. 23, 2022 (GLOBE NEWSWIRE) — You are invited to participate in Brookfield Business Partners’ 2022 Fourth Quarter Conference Call & Webcast on Friday, February 3, 2023 at 11:00 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives. Results will be released on Friday, February 3, 2023 prior to 8:00 a.m. (Eastern Time) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2022Q4ConferenceCall Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join and...

Banner Bank Releases Inaugural Environmental, Social and Governance Highlights Report

Written by Customer Service on December 23, 2022. Posted in Public Companies.

WALLA WALLA, Wash., Dec. 23, 2022 (GLOBE NEWSWIRE) — Banner Corporation (NASDAQ GSM: BANR) the parent company of Banner Bank, today announced that the Bank has published its inaugural Environmental, Social and Governance (“ESG”) Highlights Report. The Bank created the report to formally share details about its efforts to make an impact within the communities it serves and provide transparency around accomplishments and plans that demonstrate its commitment to ESG initiatives. The report identifies ongoing practices and recent accomplishments in the areas of environmental risk and impact management, social responsibility (including diversity, equity and inclusion), and governance. “We’ve been engaged in ESG activities and practices for a very long time—creating this report makes it easier to share more examples and greater detail...

Tuesday Morning Announces Voluntary Delisting from the Nasdaq Capital Market

Written by Customer Service on December 23, 2022. Posted in Public Companies.

DALLAS, Dec. 23, 2022 (GLOBE NEWSWIRE) — Tuesday Morning Corporation (NASDAQ: TUEM) (“Tuesday Morning” or the “Company”), a leading off-price retailer of home goods and décor, today announced that it has notified The Nasdaq Stock Market LLC (“Nasdaq”) of the Company’s decision to voluntarily delist its common stock from the Nasdaq Capital Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”) on or about January 2, 2023. As a result, the Company expects the delisting of its common stock to become effective on or about January 12, 2023. As previously disclosed in the Company’s Current Report on Form 8-K filed on November 10, 2022, the Company’s Audit Committee was reduced to two members in connection with the appointment of Andrew Berger as the Company’s new Chief Executive Officer....

The Limestone Boat Company Announces Intention to Restructure

Written by Customer Service on December 23, 2022. Posted in Public Companies.

COLLINGWOOD, Ontario, Dec. 23, 2022 (GLOBE NEWSWIRE) — The Limestone Boat Company (“Limestone” or the “Company”) (TSXV: BOAT | OTCQB: LMSBF) – owner and builder of Aquasport Boats, Limestone® Boats and Boca Bay Boats – announces today that it does not anticipate making the upcoming interest payment on the Company’s issued and outstanding debentures due December 31, 2022 and that it intends to pursue financial restructuring initiatives in early 2023. The Company also announces that Ebbtide Holdings LLC, its wholly-owned operating subsidiary in Tennessee, has received Notice of Termination of its floor planning relationship with its primary vendor effective immediately. The Company is actively pursuing alternate floor planning options for its Dealers. The Company continues to pursue alternative liquidity and financing...

Day: December 23, 2022

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