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Day: April 11, 2023

Saratoga Investment Corp. Prices Public Offering of $50.0 Million 8.50% Notes Due 2028

NEW YORK, April 11, 2023 (GLOBE NEWSWIRE) — Saratoga Investment Corp. (the “Company”) (NYSE: SAR) today announced that it has priced an underwritten public offering of $50.0 million in aggregate principal amount of 8.50% unsecured notes due 2028 (the “Notes”). The Notes will mature on April 15, 2028, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after April 14, 2025. The Notes will bear interest at a rate of 8.50% per year payable quarterly on February 28, May 31, August 31, and November 30 of each year, beginning May 31, 2023. The offering is expected to close on April 14, 2023, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional $7.5 million in aggregate principal amount of Notes. The Notes are expected...

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Prairie Provident Resources Announces Amendments to Recapitalization Transactions that Significantly Enhance Value to Shareholders

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, April 11, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (TSX: PPR) (“Prairie Provident” or the “Company”) announces amendments to the terms of the equity financing and debt settlement components of its previously announced recapitalization transactions (collectively, the “Recapitalization”). Pursuant to the amended terms, the Company’s brokered private placement equity offering (the “Equity Financing”) of units (“Units”) on a commercially reasonable efforts basis, for gross proceeds of C$4,000,000, will be conducted at an amended issue price of C$0.09 per Unit, with each Unit now comprised of one common share of Prairie Provident (“Common Share”)...

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Vinci Partners to Announce First Quarter 2023 Results and Host Webcast After Market Close on Thursday, May 11, 2023

RIO DE JANEIRO, Brazil, April 11, 2023 (GLOBE NEWSWIRE) — Vinci Partners Investments Ltd. (NASDAQ: VINP) (“Vinci Partners,” “we,” “us,” or “our”), the controlling company of a leading alternative investment platform in Brazil, announced today that it will release financial results for the first quarter 2023 after market close on Thursday, May 11, 2023, and host a conference call via public webcast at 5:00 pm ET. Webcast and Earnings Conference Call To access the webcast please visit the Events & Presentations’ section of the Company’s website at: https://ir.vincipartners.com/news-and-events/events-and-presentations. For those unable to listen to the live broadcast, there will be a webcast replay on the same section of the website. To access the conference call through dial in,...

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Pyrophyte Acquisition Corp. Files Definitive Proxy Statement for Shareholder Meeting Seeking Extension

Highlights:Pyrophyte Acquisition Corp. (NYSE: PHYT) (the “Company”) has a non-binding letter of intent in place with a company in the critical minerals sector The Company seeks to extend the period of time it will have to consummate its initial business combination by 12 months from the current deadline of April 29, 2023 until April 29, 2024 (the “Extension”) For each month of Extension, Pyrophyte Sponsor LLC, the Company’s sponsor (the “Sponsor”), or its designees, will deposit additional funds into the trust account (the “Trust Account”) established in connection with the Company’s initial public offering (the “IPO”) in an amount equal to the lesser of (i) $0.04 per public share multiplied by the number of public shares then outstanding and (ii) $160,000, up to a maximum aggregate contribution of $1,920,000 In order to mitigate the...

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Reborn Coffee Reports Fiscal Year 2022 Financial Results

2022 Revenue Increased 42% to $3.2M 2022 Gross Profit Increased 49% to $2.1M 4 Locations Opened in 2022 for a Total of 11 Stores BREA, Calif., April 11, 2023 (GLOBE NEWSWIRE) — Reborn Coffee, Inc. (NASDAQ: REBN) (“Reborn”, or the “Company”), a California-based retailer of specialty coffee, has reported its financial and operational results for the fiscal year ended December 31, 2022. Key Financial and Operational HighlightsOpened 4 new locations in 2022, bring the total count to 11 stores. Revenue increased 42% in the year ended December 31, 2022, to $3.2 million, up from $2.3 million during same period in 2021. Company-operated store sales increased $1.0 million, or 44.5% in the year ended December 31, 2022, compared to the same period in 2021. Company-operated store gross profit was $2.1 million for the year ended December...

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Cellectis Announces Dosing of the First Patient in Europe with its In-house Manufactured Product Candidate UCART22

UCART22 is currently the most advanced allogeneic CAR T-cell product in development for relapsed or refractory B-cell acute lymphoblastic leukemiaThe BALLI-01 study (evaluating UCART22) is actively enrolling patients with relapsed or refractory B-cell ALL after FCA lymphodepletionNEW YORK, April 11, 2023 (GLOBE NEWSWIRE) — Cellectis (the “Company”) (Euronext Growth: ALCLS – NASDAQ: CLLS), a clinical-stage biotechnology company using its pioneering gene-editing platform to develop life-saving cell and gene therapies, today announced that the first patient in Europe has been dosed in France with its in-house manufactured product candidate UCART22 and completed the 28-day Dose Limiting Toxicity period. “Our team has worked tirelessly to expand our BALLI-01 clinical study (evaluating UCART22) to Europe. Dosing our first...

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PLx Pharma Inc. Receives Nasdaq Delisting Notice

SPARTA, N.J., April 11, 2023 (GLOBE NEWSWIRE) — PLx Pharma Inc. (NASDAQ: PLXP) (“PLx” or the “Company”), is a commercial-stage drug delivery platform technology company focused on its clinically-validated and patent-protected PLxGuard™ that has the potential to improve the absorption of many drugs currently on the market and to reduce the risk of stomach injury associated with certain drugs. The Company had previously announced that on October 3, 2022, it was notified by the Listing Qualifications Department (the “Listing Qualifications Department”) of the Nasdaq Stock Market LLC (“Nasdaq”) that the Listing Qualifications Department has determined to delist the Company’s securities from Nasdaq, citing that for a period of 30 consecutive business days, the bid price of its common stock had closed below the minimum of $1.00...

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Nouveau Monde Announces US$22 Million Financing

MONTRÉAL, April 11, 2023 (GLOBE NEWSWIRE) — Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) (NYSE: NMG, TSX.V: NOU) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by BMO Capital Markets and Cormark Securities Inc., pursuant to which the Underwriters have agreed to buy on a bought-deal basis 4,850,000 common shares of the Company (the “Common Shares”), at a price of US$4.55 per Common Share, for aggregate gross proceeds of approximately US$22 million (the “Offering”). The Company has granted the Underwriters an option, exercisable in whole or in part for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Common Shares offered under the Offering to cover over-allotments, if any (the “Over-Allotment Option”). The...

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Enact Releases Inaugural 2022 Environmental, Social, and Governance (ESG) Report

RALEIGH, N.C., April 11, 2023 (GLOBE NEWSWIRE) — Enact Holdings, Inc. (Nasdaq: ACT) today announced the release of its inaugural 2022 Environmental, Social, and Governance (ESG) Report covering the calendar year 2022. The report marks a significant step forward in the company’s ESG journey and reflects Enact’s long-standing commitment to operating with integrity, accountability and responsibility while fulfilling our core mission to help people achieve the dream of sustainable homeownership. “Enact is committed to serving as a positive force in society and holding ourselves accountable to the highest standards as we advance our mission, support our communities, and create shareholder value,” said Rohit Gupta, President and CEO of Enact. “We are very proud to issue our first ESG report as we continue to drive ESG considerations...

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Transocean Ltd. Announces First Quarter 2023 Earnings Release Date

STEINHAUSEN, Switzerland, April 11, 2023 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the first quarter 2023 after the close of trading on the NYSE on Monday, May 1, 2023. The company will conduct a teleconference to discuss the results starting at 9 a.m. EDT, 3 p.m. CEST, on Tuesday, May 2, 2023. Individuals who wish to participate should dial +1 785-424-1634 and refer to conference code 761543 approximately 15 minutes prior to the scheduled start time. The teleconference will be simulcast in a listen-only mode at: www.deepwater.com, by selecting Investors, News, and Webcasts. A replay of the conference call will be available after 12 p.m. EDT, 6 p.m. CEST, on May 2, 2023. The replay, which will be archived for approximately 30 days, can be accessed at +1 402-220-4940, passcode...

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