Day: January 4, 2023

Crown Electrokinetics Acquires Amerigen 7

Written by Customer Service on January 4, 2023. Posted in Mergers And Acquisitions.

Acquisition Adds Immediate Revenue and $67 million Purchase Order LOS ANGELES, Jan. 04, 2023 (GLOBE NEWSWIRE) — Crown Electrokinetics Corp. (NASDAQ: CRKN) (“Crown” or the “Company”), a leading smart glass technology company, today announced it has entered into an asset purchase agreement with Amerigen 7, an emerging leader in the fields of distributed antenna systems and construction of fiber optic infrastructure. Doug Croxall, Crown Electrokinetics CEO and Chairman stated, “We are pleased to announce the acquisition of Amerigen 7, which will now be renamed Crown Fiber Optics. Crown Fiber Optics will focus on two business initiatives: the design and installation of distributed antenna systems and building the fiber optic infrastructure for Charter Communications. Crown will now have two product categories...

Mutual Insurance Company of Arizona Declares $15 Million Dividend

Written by Customer Service on January 4, 2023. Posted in Dividend Reports And Estimates.

PHOENIX, Jan. 04, 2023 (GLOBE NEWSWIRE) — The Mutual Insurance Company of Arizona® (MICA) announced today that its Board of Trustees has declared a policyholder dividend of $15 million to be allocated among current members as of December 31, 2022, the record date. The dividend will be distributed in February 2023. For policyholders insured by MICA for a full three-year period ending on the December 31, 2022 record date, the dividend represents approximately 18% of their 2022 annual earned premium. Members current as of the record date who were consecutively insured less than the full three-year period will receive a pro-rated amount. Additional information regarding the policyholder dividend distribution for each member will be available on the member portal at www.mica-insurance.com in early February 2023. “We’re proud to be able...

UniFirst Announces Financial Results for the First Quarter of Fiscal 2023

Written by Customer Service on January 4, 2023. Posted in Earnings Releases And Operating Results.

WILMINGTON, Mass., Jan. 04, 2023 (GLOBE NEWSWIRE) — UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its first quarter ended November 26, 2022 as compared to the corresponding period in the prior fiscal year: Q1 2023 Financial HighlightsConsolidated revenues for the first quarter increased 11.4% to $541.8 million. Operating income was $43.4 million, a decrease of 3.1%. The quarterly tax rate increased to 25.2% compared to 24.6% in the prior year. Net income increased to $34.0 million from $33.7 million in the prior year, or 0.7%. Diluted earnings per share increased to $1.81 from $1.77 in the prior year, or 2.3%.The Company’s financial results for the first quarters of fiscal 2023 and 2022 included approximately $10.0 million and $5.9 million, respectively, of costs directly attributable...

MCI Onehealth Announces Amendment of Credit Facility

Written by Customer Service on January 4, 2023. Posted in Public Companies.

TORONTO, Jan. 04, 2023 (GLOBE NEWSWIRE) — MCI Onehealth Technologies Inc. (“MCI” or the “Company”) (TSX: DRDR), a clinician-led healthcare technology company focused on increasing access to and quality of healthcare, is pleased to announce that the Company and The First Canadian Wellness Co. Inc. (the “Lender”) have entered into an amended and restated the loan agreement (the “A&R Agreement”) which amends and restates the loan agreement dated June 30, 2022 that was entered into between the Company and the Lender (the “Original Agreement”). Pursuant to the A&R Agreement, the amount available to the Company under the Original Agreement has been increased from $5 million to $7 million (the “Loan”). Consistent with the Original Agreement, the Loan will bear interest at a rate of prime plus 9% per annum. The Loan...

Open Letter to Shareholders from CEO Paul Levesque

Written by Customer Service on January 4, 2023. Posted in Public Companies.

Theratechnologies Announces Fiscal Year 2023 Guidance and Operating Plan’s Key ObjectivesFY2022 top line revenue expected to end the year at ~$80 million, in line with previously announced revenue guidance FY2023 revenue guidance range set between $90 million and $95 million, ending the new year on a solid path to positive cash flow from operating activities FY2023 operating plan to focus on achieving positive EBITDA1 in the near-term based on commercial business growth and new asset opportunities Scientific Advisory Committee formed to optimize Protocol Amendment for our Phase 1 clinical trial of TH1902 The U.S. Food and Drug Administration (“FDA”) confirmed they will review the Protocol Amendment within thirty days of submissionThis news release constitutes “a designated news release” for the purposes of the Company’s prospectus...

Certara Acquires Vyasa, an Artificial Intelligence Company that Delivers Predictions to Accelerate Scientific Innovation

Written by Customer Service on January 4, 2023. Posted in Mergers And Acquisitions.

Certara improves software capabilities by expanding into deep learning and data fabric PRINCETON, N.J., Jan. 04, 2023 (GLOBE NEWSWIRE) — Certara, Inc. (Nasdaq: CERT), today announced it has acquired Vyasa Analytics, LLC. Vyasa provides scalable deep-learning software which allows life sciences organizations to perform predictions and answer complex questions across structured and unstructured bio-medical information. The acquisition will elevate Certara’s software by bringing state-of-the-art artificial intelligence (AI) capabilities to its end-to-end platform. “We are pleased to announce the acquisition of Vyasa, a cutting-edge company that will enhance existing Certara software platforms and further expand our capabilities across our product portfolios,” said William F. Feehery, Chief Executive Officer of Certara. “By incorporating...

Sterling Acquires Socrates Ltd., Latin America’s Largest Independent Background Screening Company

Written by Customer Service on January 4, 2023. Posted in Mergers And Acquisitions.

NEW YORK, Jan. 04, 2023 (GLOBE NEWSWIRE) — Sterling Check Corp. (NASDAQ: STER) (“Sterling”), a leading global provider of background screening and identity services, today announced that it has acquired Socrates Ltd. (“Socrates”), the largest independent screening company in Latin America. This acquisition expands Sterling’s global presence into Latin America to serve the rapidly growing regional hiring needs of both multi-national and local clients. “This is an incredible opportunity to expand Sterling’s presence into a region with rapidly increasing hiring demand across our clients, especially in financial services and technology,” said Josh Peirez, CEO, Sterling. “The Socrates team has built a highly reliable operational model and suite of screening services, guided by their people-first, client-centric values that are a perfect...

Nubeva Announces a New Seven-Figure Sale to Large Global Company and Provides Correction to January 3rd Press Release

Written by Customer Service on January 4, 2023. Posted in Public Companies.

SAN JOSE, Calif., Jan. 04, 2023 (GLOBE NEWSWIRE) — Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF)(“Nubeva” or the “Company”) announces it has a signed a new three-year contract for seven figures per year with a large global services company for the Company’s Ransomware Reversal solutions. Further details of the contract, customer, and industry remain confidential for security purposes. “After a slight lull in ransomware in the first half of 2022, we are seeing a significant uptick in activity across the globe, attacking organizations of all sizes across all sectors,” said Steve Perkins, CMO, and Head of Product. “This contract is very significant for us because it is with a large multi-national company, and it has the potential to grow over the life of the agreement. It demonstrates that large and global companies value our Ransomware...

Alpine Income Property Trust Announces 2022 Transaction Activity and Provides Corporate Update

Written by Customer Service on January 4, 2023. Posted in Public Companies.

WINTER PARK, Fla., Jan. 04, 2023 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced its 2022 acquisition and disposition activities and provided a corporate update. 2022 Acquisition HighlightsDuring the year ended December 31, 2022, the Company acquired 51 net lease retail properties for a total acquisition volume of $187.4 million, representing a weighted-average going-in cash cap rate of 7.1%. Acquisitions completed during the year had a weighted-average remaining lease term of 8.7 years and approximately 76% of annualized base rents are from a tenant or the parent of a tenant with an investment grade credit rating. During the fourth quarter of 2022, the Company acquired seven net lease retail properties for total acquisition volume of $41.7 million, representing a weighted-average...

CTO Realty Growth and Announces Record 2022 Transaction Activity and Provides Corporate Update

Written by Customer Service on January 4, 2023. Posted in Public Companies.

WINTER PARK, Fla., Jan. 04, 2023 (GLOBE NEWSWIRE) — CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its record 2022 acquisition and disposition activities and provided a corporate update. 2022 Investment HighlightsDuring the year ended December 31, 2022, the Company completed five mixed-use or retail property acquisitions for total value of $314.0 million, representing a weighted-average going-in cash cap rate of 7.5%. During the year ended December 31, 2022, the Company originated structured investments totaling $59.2 million at a weighted-average initial yield of 8.2%. The Company’s $19.0 million loan secured by WaterStar Orlando was repaid in full during the fourth quarter of 2022. The 2022 investments are concentrated in well-located submarkets of Atlanta, Richmond, Dallas, and Houston. Notable...

Day: January 4, 2023

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