Year: 2022

Amarin Board of Directors Issues Statement in Response to Sarissa

Written by Customer Service on October 11, 2022. Posted in Public Companies.

— Highlights Active Board Refreshment Process — — Amarin Has Engaged Proactively and Frequently with Sarissa — DUBLIN, Ireland and BRIDGEWATER, N.J., Oct. 11, 2022 (GLOBE NEWSWIRE) — Amarin Corporation plc (NASDAQ:AMRN) today issued the following statement in response to Sarissa Capital Management LP (“Sarissa”) on behalf of the Amarin Board of Directors: As a Board, we are unified and supportive of Amarin’s new strategic direction, and the actions management has taken to position the Company for growth and value creation. The Board believes there is tremendous runway for growth as Amarin’s strategic focus shifts toward expanding the business in Europe and other international markets, and recent actions to stabilize our U.S. business materialize. Amarin continues to progress on its comprehensive cost reduction...

Mercury Systems to report first quarter fiscal year 2023 financial results on November 1, 2022

Written by Customer Service on October 11, 2022. Posted in Public Companies.

ANDOVER, Mass., Oct. 11, 2022 (GLOBE NEWSWIRE) — Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, will release its first quarter fiscal year 2023 financial results after the market close on Tuesday, November 1, 2022. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury’s quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company’s view on earnings forecasts, and other business and financial matters affecting the Company, the responses to which may contain information that has not been previously disclosed. To attend the conference call or...

The RealReal Announces Timing of Its Third Quarter 2022 Earnings Conference Call

Written by Customer Service on October 11, 2022. Posted in Public Companies.

SAN FRANCISCO, Oct. 11, 2022 (GLOBE NEWSWIRE) — The RealReal (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—today announced that it will release its financial results for the third quarter ended September 30, 2022, after the market closes on November 8. The RealReal will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to review its financial results. Investors and analysts can access the call at https://register.vevent.com/register/BI570798c65d2445ef80ad275df793378d. The call will also be live webcast at investor.therealreal.com. The archived webcast will be available shortly after the call at investor.therealreal.com. About The RealReal Inc.The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods, with more than 28 million...

Bassett Comments on Proposal by CSC Generation Holdings

Written by Customer Service on October 11, 2022. Posted in Public Companies.

Board Unanimously Rejected CSC Proposals as They Undervalued the Company BASSETT, Va., Oct. 11, 2022 (GLOBE NEWSWIRE) — Bassett Furniture Industries, Inc. (Nasdaq: BSET) today commented that its Board of Directors, in consultation with its independent financial and legal advisors, previously found that two unsolicited, preliminary non-binding proposals from CSC Generation Holdings, Inc. (“CSC”) to acquire Bassett significantly undervalued the Company and, as a result, rejected both proposals. The most recent proposal, which CSC has made public today, was for $21.00 per share in cash. Robert H. Spilman, Jr., Chairman and CEO, said, “CSC’s effort to make the proposal public does not change the fact that it undervalues the company. The Board, with the assistance of independent legal and financial advisors, carefully considered both...

RCM Technologies Announces Acquisition of TalentHerder

Written by Customer Service on October 11, 2022. Posted in Mergers And Acquisitions.

PENNSAUKEN, N.J., Oct. 11, 2022 (GLOBE NEWSWIRE) — RCM Technologies, Inc. (NasdaqGM: RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering, specialty health care, and information technology services, today announced the purchase of TalentHerder, a leading talent acquisition services company. The acquisition will bolster RCM’s existing capabilities by expanding its recruitment process outsourcing (“RPO”) service footprint, enhancing the company’s candidate sourcing reach, and enabling RCM’s in-house recruiting team to respond more rapidly to client needs. William Gargano, Senior Vice President of Life Sciences & IT, commented, “The dynamically changing labor and economic...

Enphase Energy Completes Acquisition of GreenCom Networks

Written by Customer Service on October 11, 2022. Posted in Mergers And Acquisitions.

FREMONT, Calif., Oct. 11, 2022 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced that it has completed the previously disclosed acquisition of GreenCom Networks AG. Based in Munich, Germany, GreenCom Networks provides Internet of Things (IoT) software solutions for customers to connect and manage a wide range of distributed energy devices within the home. The company’s technology facilitates a convergence of sectors such as mobility, heating, and renewable energy to help achieve full home electrification. The acquisition is expected to:Add a local engineering team to service the accelerating clean energy transition in Europe Provide installers with a complete home energy management...

Applied Blockchain Reports Fiscal First Quarter 2023 Financial Results and Provides an Operational Update

Written by Customer Service on October 11, 2022. Posted in Earnings Releases And Operating Results.

DALLAS, Oct. 11, 2022 (GLOBE NEWSWIRE) — Applied Blockchain, Inc. (Nasdaq: APLD) (“Applied Blockchain” or the “Company”), a designer, builder and operator of next-generation datacenters that provide power to blockchain infrastructure and support High-Performance Computing (HPC) applications, today reported financial results for the fiscal first quarter ended August 31. 2022. The Company also provided an operational update and outlook. Recent Operational and Financial HighlightsFiscal first quarter 2023 revenue of $6.9 million, at the high-end of guidance of $6.5 million to $6.9 million Fiscal first quarter 2023 adjusted EBITDA of $(1.9) million, compared to adjusted EBITDA guidance of ($1.8) million) to ($2.2) million Announced planned corporate name change to “Applied Digital Corporation”, reflecting...

El Pollo Loco Board Of Directors Declares Special Dividend of $1.50 Per Share and Approves 20 Million Share Repurchase Program

Written by Customer Service on October 11, 2022. Posted in Dividend Reports And Estimates.

COSTA MESA, Calif., Oct. 11, 2022 (GLOBE NEWSWIRE) — El Pollo Loco, Inc. (“El Pollo Loco” or “the Company”) (Nasdaq: LOCO), the nation’s leading fire-grilled chicken restaurant chain, today announced that the Board of Directors declared a special dividend of $1.50 per share on the common stock of the Company (“shares”). The special dividend is payable on November 9, 2022 to shareholders of record at the close of business on October 24, 2022. Additionally, the Board of Directors has approved a new share repurchase program with authorization to purchase up to $20,000,000 of shares. The share repurchase program is effective immediately. Michael Maselli, Chairman of the Company board of directors, commented, “This announcement underscores our Board’s confidence in our business and its dedication to stockholder value creation. Despite...

Diamondback Energy, Inc. Announces Midland Basin Acquisition

Written by Customer Service on October 11, 2022. Posted in Mergers And Acquisitions.

Diamondback Announces Midland Basin Acquisition Pro Forma Midland Basin Acreage PositionMIDLAND, Texas, Oct. 11, 2022 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of FireBird Energy LLC (“FireBird”) in exchange for 5.86 million shares of Diamondback common stock and $775 million of cash. The cash portion of this transaction is expected to be funded through a combination of cash on hand, borrowings under the Company’s credit facility and/or proceeds from a senior notes offering. The cash outlay at closing is expected to be approximately $700 million due to the expected Free Cash Flow to be generated on the asset between the effective date and expected closing...

TrustCo to Release Third Quarter 2022 Results on October 24, 2022; Conference Call on October 25, 2022

Written by Customer Service on October 11, 2022. Posted in Public Companies.

GLENVILLE, N.Y., Oct. 11, 2022 (GLOBE NEWSWIRE) — TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release third quarter 2022 results after the market close on October 24, 2022. Results are released on the 21st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on October 25, 2022. Those wishing to participate in the call may dial toll-free for the United States at 1-833-927-1758, for Canada at 1-833-950-0062, and all other locations at 1-929-526-1599, Access code 903558. A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, for Canada at 1-226-828-7578,...

Year: 2022

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