Day: June 5, 2023

The Children’s Place Announces the Expansion of Its Revolving Credit Facility From $350 Million to $445 Million

Written by Customer Service on June 5, 2023. Posted in Public Companies.

SECAUCUS, N.J., June 05, 2023 (GLOBE NEWSWIRE) — The Children’s Place, Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty apparel retailer in North America, today announced the expansion of its revolving credit facility from $350 million to $445 million. The fifth amendment to the Company’s credit agreement also replaces LIBOR as the interest rate benchmark with the SOFR interest rate benchmark, and updates the interest rates to reflect current market terms. Sheamus Toal, Chief Financial Officer, said, “We are extremely pleased to welcome PNC Bank as a new joint lead arranger, who is committing an additional $95 million toward our revolving credit facility and we are grateful for the support provided by our current banking group. This additional credit availability will significantly strengthen our financial position...

IDT Corporation Reports Third Quarter Fiscal Year 2023 Results

Written by Customer Service on June 5, 2023. Posted in Public Companies.

EPS increases to $0.27 per share on revenue of $299 million NEWARK, NJ, June 05, 2023 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, today reported results for the third quarter of its fiscal year 2023, the three months ended April 30, 2023. HIGHLIGHTS (Throughout this release, unless otherwise noted, results for the third quarter of fiscal year 2023 (3Q23) are compared to the third quarter of fiscal year 2022 (3Q22). All earnings per share (EPS) and other ‘per share’ results are per diluted share.)National Retail Solutions (NRS) added approximately 1,600 net active point-of-sale (POS) terminals and 1,600 net NRS Pay Accounts during 3Q23 to end the quarter with 23,900 active terminals and 14,100 NRS Pay accounts. Recurring revenue* increased...

Celestica Announces Proposed Secondary Offering of Subordinate Voting Shares by Onex Corporation

Written by Customer Service on June 5, 2023. Posted in Public Companies.

TORONTO, June 05, 2023 (GLOBE NEWSWIRE) — Celestica Inc. (“Celestica”) (NYSE, TSX: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world’s most innovative companies, announced today that Onex Corporation (“Onex”), its controlling shareholder, intends to offer for sale 12,000,000 of Celestica’s subordinate voting shares (“SVS”), all or substantially all of which will be issued upon conversion of a corresponding number of Celestica’s multiple voting shares (“MVS”) into SVS. Celestica is not selling any shares and will not receive any proceeds from the proposed offering. RBC Capital Markets will act as the underwriter for the proposed offering. The offering is being made in the United States only by means of a prospectus supplement to a base prospectus forming a part of an effective...

Motus GI Announces Appointment of Ravit Ram as Chief Financial Officer

Written by Customer Service on June 5, 2023. Posted in Public Companies.

Company completes corporate reorganization focused on reducing operating costs while supporting key value creation drivers, including seeking key FDA approvals and pursuit of strategic partnerships to accelerate commercializationFORT LAUDERDALE, Fla., June 05, 2023 (GLOBE NEWSWIRE) — Motus GI Holdings, Inc. (NASDAQ: MOTS) (“Motus GI” or the “Company”), a medical technology company focused on improving endoscopic outcomes and experiences, today announced the promotion of its current Vice President of Global Operation and Finance, Ravit Ram, as the new Chief Financial Officer (CFO), effective immediately. Ms. Ram’s appointment is part of the previously announced transition plan for Andrew Taylor, who stepped down as CFO on June 2, 2023 to pursue other opportunities. This appointment completes the Company’s reorganization, in-line...

Ryman Hospitality Properties, Inc. to Acquire JW Marriott San Antonio Hill Country Resort & Spa from Blackstone Real Estate Income Trust, Inc. for $800 Million

Written by Customer Service on June 5, 2023. Posted in Public Companies.

NASHVILLE, Tenn. and NEW YORK, June 05, 2023 (GLOBE NEWSWIRE) — Ryman Hospitality Properties, Inc. (NYSE: RHP) (“Ryman”) and Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced a definitive agreement under which Ryman will purchase the JW Marriott San Antonio Hill Country Resort & Spa (“JW Marriott Hill Country”) in San Antonio, Texas for $800 million from BREIT. Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties, said, “We identified the JW Marriott Hill Country as an ideal acquisition target quite some time ago. Located in an attractive and growing market with no emerging competitive supply, this beautiful resort is a natural complement to our existing Gaylord Hotels portfolio and offers significant opportunities to serve the group and leisure sides of our business. The...

Q.E.P. Co., Inc. Reports Fiscal 2023 Year-End Sales and Earnings

Written by Customer Service on June 5, 2023. Posted in Earnings Releases And Operating Results.

BOCA RATON, Fla., June 05, 2023 (GLOBE NEWSWIRE) — Q.E.P. CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today reported its consolidated results of operations for its fiscal year ended February 28, 2023. QEP reported net sales of $433.7 million for the year ended February 28, 2023, a decrease of $11.9 million or 2.7% from the $445.6 million reported in fiscal 2021. The fiscal 2023 decrease in net sales compared to the prior fiscal year reflects lower sales volume in the latter half of the year, principally in the Company’s North America flooring business, and the currency translation impact of the strong U.S. Dollar, which were only partially offset by year-over-year price increases to customers. As a percentage of net sales, gross margin was 26.3% in fiscal 2023, as compared to 27.1% in fiscal 2022. Lewis Gould, Executive Chairman,...

Atea Pharmaceuticals to Present at the Jefferies Healthcare Conference

Written by Customer Service on June 5, 2023. Posted in Public Companies.

BOSTON, June 05, 2023 (GLOBE NEWSWIRE) — Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) (“Atea”), a clinical-stage biopharmaceutical company engaged in the discovery and development of oral antiviral therapeutics for serious viral diseases, today announced that Jean-Pierre Sommadossi, PhD, Chief Executive Officer and Founder of Atea, will present a business update at the Jefferies Healthcare Conference on Thursday, June 8, 2023 at 2:00 p.m. ET. A live webcast of the presentation will be available here and on the Company’s website at https://ir.ateapharma.com/. An archived webcast will be available on Atea’s website for at least 90 days following the event. About Atea Pharmaceuticals Atea is a clinical stage biopharmaceutical company focused on discovering, developing and commercializing oral therapies to address the unmet medical needs...

Twin Disc to Attend Sidoti June 2023 Virtual Small-Cap Conference

Written by Customer Service on June 5, 2023. Posted in Public Companies.

RACINE, Wis., June 05, 2023 (GLOBE NEWSWIRE) — Twin Disc, Inc. (NASDAQ: TWIN), today announced that that Chief Executive Officer John Batten and Chief Financial Officer Jeff Knutson are presenting at the Sidoti June 2023 Virtual Small-Cap Conference on Wednesday, June 14 at 11:15 am Central. In conjunction with the event, Twin Disc executives will be available to participate in one-on-one meetings with investors registered to attend the conference. The event will be streamed live via a webcast available on the Investor Presentations section of Twin Disc’s website at https://ir.twindisc.com. About Twin DiscTwin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Products offered include marine transmissions, azimuth drives, surface drives, propellers and boat management systems,...

NXT Announces Closing of First Tranche of US$2.3 Million Convertible Debenture, New Board Member and Revised AGM Date

Written by Customer Service on June 5, 2023. Posted in Public Companies.

CALGARY, Alberta, June 05, 2023 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTCQB: NSFDF) is pleased to announce it has received US$1.2 million of the previously announced US$2.3 million convertible debenture from Ataraxia Capital, an affiliate of Synergy E&P Technologies Limited (“Ataraxia”). Ataraxia intends to advance the remaining amount in the near future. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the 1933 Act and applicable state securities requirements or pursuant to exemptions therefrom....

Microchip Technology to Present at the Needham 7th Annual Automotive Technology Day

Written by Customer Service on June 5, 2023. Posted in Public Companies.

CHANDLER, Ariz., June 05, 2023 (GLOBE NEWSWIRE) — (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the Needham 7th Annual Automotive Technology Day on Wednesday, June 7 at 10:40 a.m. (Eastern Time). Presenting for the Company will be Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer, and Matthias Kaestner, Vice President, Automotive. A live webcast of the presentation will be made available by Needham, and can be accessed on the Microchip website at www.microchip.com. Any forward looking statements made during the presentation are qualified in their entirety by the discussion of risks set forth in the Company’s Securities and Exchange Commission filings. Copies of SEC filings...

Day: June 5, 2023

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