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Month: April 2023

PLx Pharma Inc. Enters into a Stalking Horse Asset Purchase Agreement to Sell VAZALORE® and Substantially All of its Assets

SPARTA, N.J., April 12, 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™ and VAZALORE®, an FDA-approved liquid-filled aspirin capsule, available in 81 mg and 325 mg doses. The Company today announced that it entered into a stalking horse asset purchase agreement (the “APA”) with PLx Acquisition Company, LLC, a wholly-owned subsidiary of Greenwood Brands, LLC (“Buyer”), to acquire substantially all of the Company’s assets (the “Sale”). The Company intends to file voluntary petitions for relief under Chapter 11 of Title 11 of the U.S. Code in the U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) within the next two business days. The Sale...

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EnerSys Wins U.S. Department of Energy Better Practice Award

READING, Pa., April 12, 2023 (GLOBE NEWSWIRE) — EnerSys (NYSE: ENS) EnerSys®, the global leader in stored energy solutions for industrial applications, has been awarded the Better Practice Award from the U.S. Department of Energy Better Plants Program for the implementation of the EnerSys Operating System (EOS) Lean Management program. The EOS program is a Lean Management initiative designed to identify, reduce, or eliminate waste within EnerSys’s operations. The program was implemented using a framework for continuous improvement to do the right things for its employees, customers and shareholders. By using the EOS program, EnerSys plants across the globe have been able to more efficiently implement safety, health, environmental, quality and sustainability improvements, including scrap, water and gas reductions, energy savings...

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B2Gold First Quarter 2023 Financial Results – Conference Call and Webcast Details

VANCOUVER, British Columbia, April 12, 2023 (GLOBE NEWSWIRE) — B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) will release its first quarter 2023 financial results after the North American markets close on Tuesday, May 9, 2023. B2Gold executives will host a conference call to discuss the results on Wednesday, May 10, 2023, at 10:00 am PT/1:00 pm ET. You may access the call by registering at the participant conference link by clicking here prior to the scheduled start time. Once you have registered, you will be sent an email with a unique PIN which will connect you to the call at +1 (431) 341-4089 / +1 (855) 513-1368 (Canada) or toll free at +1 (844) 543-0451. You may also listen to the call via webcast by clicking here. About B2Gold Corp. B2Gold is a low-cost international senior gold producer...

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Firan Technology Group Corporation (“FTG”) Announces First Quarter 2023 Financial Results

TORONTO, April 12, 2023 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX: FTG) today announced financial results from its first quarter 2023. Financial HighlightsFirst quarter bookings of $33.0M were up 28% over Q1 2022 and up 2% over Q4 2022. This was the 9th sequential quarter of bookings growth. FTG first quarter revenues of $24.6M were up 20% over Q1 2022, as FTG ramps up production to meet customer demand. FTG achieved Net Earnings in Q1 2023 of $4.1M, which was up $4.8M from Q1 2022. Earnings included $3.4M of U.S. government support in Q1 2023 compared to $0.3M in Q1 2022. FTG has net cash on the balance sheet of $20.6M as of Q1 2023 as compared to $12.3M as at Q4 2022.Business Highlights Starting last year, FTG went on offence after two years of playing defence, and this has continued in the first quarter...

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CORRECTION – ARRIVAL Announces Reverse Stock Split

Aiming to meet the minimum value bid requirement for maintaining listing on Nasdaq Company’s authorized share capital will be U.S.$540,000, divided into 54,000,000 Ordinary Shares Shareholders’ percentage ownership interest will not be affected LUXEMBOURG, April 12, 2023 (GLOBE NEWSWIRE) — Further to the press release issued on April 11, 2023, Arrival has updated the record date for its reverse stock split to April 13, 2023. The corrected release follows: Arrival (Nasdaq: ARVL) (“Arrival” or the “Company”), inventor of a unique new method of design and production of electric vehicles (“EVs”), today announced that, pursuant to the approvals granted at the extraordinary general meeting of shareholders held on April 6, 2023 (the “EGM”), the Board of Directors has determined to implement a reverse stock split of all of the Company’s...

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Ring Energy, Inc. Announces Exercise and Price Reduction of Nearly All of Its Outstanding Warrants

THE WOODLANDS, Texas, April 12, 2023 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that 14,512,166 of its outstanding warrants have been amended to lower their exercise price to $0.62 per share in exchange for early exercise of the warrants, resulting in gross proceeds to the Company of $8,997,543 and the issuance of 14,512,166 shares of common stock. After the full exercise of the above warrants, there remain outstanding warrants to purchase 78,200 shares of common stock. Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “We are pleased with the early exercises resulting from the premium inducement. The accelerated receipt of approximately $9 million in warrant proceeds contributes to our relentless goal to strengthen our balance sheet. We...

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Pyxis Tankers Announces Filing of Form 20-F for the Year Ended December 31, 2022

Maroussi, Greece – April 12, 2023 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international pure play product tanker company, announced today that its Annual Report on Form 20-F for the year ended December 31, 2022 has been filed with the Securities and Exchange Commission and can be accessed on our website, www.pyxistankers.com. Alternatively, shareholders may also request a hard copy of the annual report containing our audited financial statements, free of charge, by contacting us using the contact details provided at the end of this press release. About Pyxis Tankers Inc. We own a modern fleet of four tankers engaged in seaborne transportation of refined petroleum products and other bulk liquids. We are focused on selectively growing our fleet of medium range product tankers, which provide operational flexibility and enhanced earnings...

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Cronos Bolsters its Spinach® Infused Pre-roll Portfolio with CBG, CBC and CBN

Spinach® rose to 8th place in the pre-roll category, capturing 2.5% market share in Q1 2023, up from 1.4% in Q4 20221 In Q1 2023 Spinach® ranked in the top-10 in all categories it participated in: Flower, Pre-rolls, Vapes and Edibles TORONTO, April 12, 2023 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos”), an innovative global cannabinoid company, is pleased to announce its expanded infused pre-roll offerings under the Spinach® brand. Pre-rolls are one of the fastest-growing categories in the Canadian cannabis market. The category increased 38% year-over-year during the three months ended March 31, 2023, and infused pre-rolls accounted for approximately 24% of the dollar share in pre-rolls during the same period. Utilizing our success in the edibles category as a blueprint for other product formats, Cronos...

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SiriusPoint Acknowledges Indication of Interest from Third Point

HAMILTON, Bermuda, April 12, 2023 (GLOBE NEWSWIRE) — Today SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT) has acknowledged an indication of interest from Third Point LLC and certain of its affiliates (“Third Point”), disclosed in a Schedule 13D/A filing earlier today, to explore a potential acquisition of all, or substantially all, of the outstanding Common Shares of the Company.       Consistent with its fiduciary duties, in consultation with its financial and legal advisors, the SiriusPoint Board of Directors will carefully evaluate any proposal to acquire the Company, if and when a proposal is received. The Company always welcomes dialogue with its investors and shares the common goal of maximizing value for all the Company’s shareholders. The Company has made significant progress during the last seven months...

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Sportsman’s Warehouse Holdings, Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results

– On track to open 15 new stores during fiscal 2023 – Jon Barker to retire as CEO and Director – Board announces leadership succession plan and search for new CEO – Appoints Erica Fortune as a new Independent Director of the Board WEST JORDAN, Utah, April 12, 2023 (GLOBE NEWSWIRE) — Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) today announced financial results for the thirteen and fifty-two weeks ended January 28, 2023. For the thirteen weeks ended January 28, 2023:Net sales were $379.3 million, a decrease of 8.9%, compared to $416.3 million in the fourth quarter of fiscal year 2021. The net sales decrease was primarily due to lower sales demand from consumer inflationary pressures and recession concerns, partially offset by the...

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