Day: June 1, 2023

Vision Sensing Acquisition Corp. Announces Payment of Fee to Extend Period to Consummate Initial Business Combination to July 3, 2023

Written by Customer Service on June 1, 2023. Posted in Mergers And Acquisitions.

MIAMI, June 01, 2023 (GLOBE NEWSWIRE) — Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the “Company”) a special purpose acquisition company, today announced that on June 1, 2023, its sponsor, Vision Sensing, LLC, deposited $72,562.86 into the Company’s trust account, which is the sum that the Company must pay to extend the date by which the Company must consummate its initial business combination from June 3, 2023 to July 3, 2023 (the “Extension”). The Company has issued to its sponsor a non-interest bearing, unsecured promissory note in the principal amount of $72,562.86 as consideration for the funding. This is the second of up to six one-month extensions that the Company is authorized to obtain under its amended and restated certificate of incorporation as recently amended on May 1, 2023. The Extension provides...

StorageVault Purchases Brossard, Quebec Property with Automotive Properties REIT

Written by Customer Service on June 1, 2023. Posted in Mergers And Acquisitions.

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) and Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (“Automotive Properties REIT” or the “REIT”) is pleased to announce that they have entered into a 50/50 joint venture (the “Joint Venture”) to acquire an automotive dealership property located at 9425 Taschereau Boulevard in Brossard, Quebec (the “Brossard Property”) from a third-party vendor. StorageVault owns a self storage property that is adjacent to the Brossard Property. The acquisition of the Brossard Property closed today. Under the terms of the Joint Venture, Automotive Properties REIT and StorageVault each funded 50% of the $16.1 million purchase price, which included related expenditures. The Brossard Property will be managed by Automotive Properties REIT for...

Blue Line Protection Group Provides Operations Update

Written by Customer Service on June 1, 2023. Posted in Public Companies.

Denver, CO, June 01, 2023 (GLOBE NEWSWIRE) — Blue Line Protection Group Inc (OTCQB: BLPG) is pleased to announce that continued growth in New Mexico and affiliate states has been enhanced by referrals from financial institutions located within our service areas. A quote from the CEO, Dan Allen, “Balance sheet realignment, revenue improvement, and streamlining operations have been successful initiatives. Blue Line has reduced long and short-term liabilities significantly over the past sixteen months through restructuring and capital payments. Our marketing efforts have proved successful in acquiring new clients and expanding our geographic footprint. Additionally, recovering past clients and deepening relationships with existing customers strengthen our commitment to quality of service. Further, compliance assessments have...

Western Pacific Trust Company Shareholders Approve All Resolutions at Annual General and Special Meeting

Written by Customer Service on June 1, 2023. Posted in Public Companies.

VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) — Western Pacific Trust Company (the “Company”) (TSXV:WP) is pleased to report following the Company’s Annual General and Special Meeting, held on May 31, 2023, Shareholders of the Company voted in favour of management’s director nominees, re-appointment of the auditors and the Company’s new 20% “fixed” stock option plan (“Option Plan”). Option PlanThe Board of Directors approved the new Option Plan on January 18, 2023, subject to regulatory and shareholder approval. The Option Plan is in compliance with the new share-based compensation policy adopted by the TSX Venture Exchange in November 2021, and supersedes the previous stock option plan. There were no options outstanding under the superseded stock option plan. The Option Plan is a 20% “fixed” stock option plan which...

Chijet Motor Company, Inc. and Chijet, Inc., a High-Tech Enterprise Engaged in the Development, Production and Sales of New Energy Vehicles, together with Jupiter Wellness Acquisition Corp. Announce Closing of Business Combination

Written by Customer Service on June 1, 2023. Posted in Public Companies.

● The Business Combination will add cash, including funds from JWAC’s trust account, to support Chijet’s growth and internal expansion. ● Chijet’s ordinary shares are expected to commence trading on The Nasdaq Global Market under ticker symbol “CJET”, on June 2, 2023.New York, NY, June 01, 2023 (GLOBE NEWSWIRE) — Jupiter Wellness Acquisition Corp. (“JWAC”) (Nasdaq: “JWAC” for common stock and “JWACR” for rights), today announced the completion of its previously announced business combination (the “Business Combination”), with Chijet, Inc., a high-tech enterprise engaged in the development, production and sales of new energy vehicles, and their newly formed holding company, Chijet Motor Company, Inc. (“Chijet”). Chijet’s ordinary shares are expected to begin trading on The Nasdaq Global Market (“Nasdaq”) under the...

Glatfelter Corporation to present at the Sidoti Summer Small Cap Virtual Conference on June 14th

Written by Customer Service on June 1, 2023. Posted in Public Companies.

CHARLOTTE, N.C., June 01, 2023 (GLOBE NEWSWIRE) — Glatfelter Corporation (NYSE: GLT) a leading global supplier of engineered materials, today announced that Thomas Fahnemann, President, and Chief Executive Officer along with Ramesh Shettigar, Senior Vice President, Chief Financial Officer, and Treasurer will be presenting at the Sidoti Summer Small Cap Virtual Conference on Wednesday, June 14, 2023. Glatfelter’s presentation will begin at 9:15 am. Eastern Time. In addition, Thomas and Ramesh will conduct one-on-one meetings with conference participants. A copy of the Company’s presentation, along with the webcast link, will be available on Glatfelter’s Investors page located at Webcasts and Presentations – Glatfelter Engineered Materials. About Glatfelter Glatfelter is a leading global supplier of engineered materials with...

Savi Financial Corporation Provides Update on De Novo Bank Formation

Written by Customer Service on June 1, 2023. Posted in Mergers And Acquisitions.

MOUNT VERNON, Wash., June 01, 2023 (GLOBE NEWSWIRE) — Savi Financial Corporation, Inc. (OTC Pink: SVVB) (the “Company”), the bank holding company for SaviBank (the “Bank”), today announced updated timing to its formerly announced plan to form a new state-chartered commercial bank headquartered in Bellingham, Washington. The formation is pending regulatory approval and is anticipated to close during Spring of 2024. The transaction involves the formation of Orca Bank by applying for a de novo bank charter, with Savi Financial acquiring Orca Bank as a wholly owned subsidiary. Additionally, Orca Bank will acquire SaviBank’s Bellingham branch, located at 1910 Broadway, Bellingham, WA 98225. Formation, capitalization and acquisitions will occur simultaneously after issuance of the Orca Bank Charter upon approval by regulators and closing...

Treace Medical Concepts to Acquire Technology Enabling Patient Specific Instrumentation for Foot and Ankle Surgeries

Written by Customer Service on June 1, 2023. Posted in Mergers And Acquisitions.

PONTE VEDRA, Fla., June 01, 2023 (GLOBE NEWSWIRE) — Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions), today announced that it has signed an asset purchase agreement to acquire certain assets of MIOS Marketing, LLC d/b/a RedPoint Medical3D (“RPM-3D”), a medical technology company offering pre-operative planning and patient-specific guides designed to deliver accurate surgical correction of deformities customized to the patient’s unique foot anatomy, for a purchase price of $20 million in an upfront cash payment, with up to $10 million in potential milestone payments. Using patient CT scan data, RPM-3D applies innovative software technologies to develop a three-dimensional (3D)...

Quanex Building Products Announces Second Quarter 2023 Results and Reaffirms Full Year 2023 Guidance

Written by Customer Service on June 1, 2023. Posted in Earnings Releases And Operating Results.

Margin Expansion in NA Cabinet Components and EU Fenestration Segments Repaid $20 Million in Bank Debt Balance Sheet and Liquidity Remain Strong Significant Improvement in Cash Provided by Operating Activities Synergy Target Achieved for LMI Custom Mixing Acquisition Return to Normal Seasonality Trending as Expected Remain Cautiously Optimistic on Second Half of 2023 HOUSTON, June 01, 2023 (GLOBE NEWSWIRE) — Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced its results for the three months ended April 30, 2023. The Company reported the following selected financial results:QUANEX BUILDING PRODUCTS CORPORATION Q2 2023 Earnings Release Three Months Ended April 30, Six Months Ended April 30,($ in millions, except per share data) 2023 2022 2023 2022 Net...

CooperCompanies Announces Second Quarter 2023 Results

Written by Customer Service on June 1, 2023. Posted in Earnings Releases And Operating Results.

SAN RAMON, Calif., June 01, 2023 (GLOBE NEWSWIRE) — CooperCompanies (NYSE: COO) today announced financial results for its fiscal second quarter ended April 30, 2023.Revenue increased 6% year-over-year to $877.4 million. CooperVision (CVI) revenue up 6% to $589.3 million, and CooperSurgical (CSI) revenue up 4% to $288.1 million. GAAP diluted earnings per share (EPS) of $0.80, down $1.75 or 69% from last year’s second quarter. Non-GAAP diluted EPS of $3.08, down $0.16 or 5% from last year’s second quarter. See “Reconciliation of Selected GAAP Results to Non-GAAP Results” below.Commenting on the results, Al White, Cooper’s President and CEO said, “This was another strong quarter with CooperVision posting its ninth consecutive quarter of double-digit organic revenue growth and CooperSurgical’s...

Day: June 1, 2023

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