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Day: June 7, 2023

EVmo Enters Into Letter of Intent to Merge with micromobility.com Inc.

LOS ANGELES, June 07, 2023 (GLOBE NEWSWIRE) — EVmo, Inc. (OTC: YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced it has signed a Letter of Intent (LOI) regarding a merger with micromobility.com Inc. (NASDAQ: MCOM), a pioneering global micromobility ecosystem. The merger is intended to strengthen each company’s market position and accelerate growth. Stephen Sanchez, CEO of EVmo, commented, “The combined company will be in a strong position in the rapidly growing rideshare and mobility industry. As discussed on our year-end and 1Q23 conference calls, the notification of default from our lender, EICF Agent LLC, has resulted in a number of challenges for EVmo, most notably a severe constraint on our operating liquidity such that it is now threatening the viability of the business....

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Vera Bradley Announces First Quarter Fiscal Year 2024 Results

Consolidated net revenues totaled $94.4 million Net loss totaled ($4.7) million, or ($0.15) per diluted share; non-GAAP net loss totaled ($2.6) million, or ($0.09) per diluted share Balance sheet remains strong, with cash and cash equivalents of $25.3 million, no debt, and year-over-year inventories down 11.8% Management increases guidance for fiscal year FORT WAYNE, Ind., June 07, 2023 (GLOBE NEWSWIRE) — Vera Bradley, Inc. (Nasdaq: VRA) today announced its financial results for the first quarter ended April 29, 2023. In this release, Vera Bradley, Inc. or “the Company” refers to the entire enterprise and includes both the Vera Bradley and Pura Vida brands. Vera Bradley on a stand-alone basis refers to the Vera Bradley brand. First Quarter Comments Jackie Ardrey, Chief Executive Officer of the Company, noted, “We are pleased...

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IBEX Reports Results for the Third Quarter and the Nine Months Ended April 30, 2023

MONTRÉAL, June 07, 2023 (GLOBE NEWSWIRE) — IBEX Technologies Inc. (“IBEX” or the “Company”) (TSX Venture: IBT) today reported its financial results for the third quarter and the nine months ended April 30, 2023. According to Paul Baehr, IBEX President and CEO, “Our net earnings for the quarter increased 57% versus the same period year ago. Revenues were up 2% for this reporting period, well above expectations based on the extremely strong F2022 where customers had built inventories due to COVID concerns regarding supply chain interruptions. However, when compared to the same period in fiscal 2021, revenues were up 54%.” He further stated, “We now expect F2023 revenues, while lower than the exceptional 2022 fiscal year, to be significantly higher than fiscal year 2021. The engine for this growth is the underlying increasing demand...

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OceanPal Inc. Announces Reverse Stock Split to be Effective June 8, 2023

ATHENS, Greece, June 07, 2023 (GLOBE NEWSWIRE) — OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced today that its board of directors has determined to effect a one-for-twenty reverse stock split of the Company’s common shares, par value $0.01 per share. The Company’s shareholders approved the reverse stock split at the Company’s annual meeting of shareholders held on May 3, 2023. The reverse stock split will take effect, and the Company’s common shares will begin trading on a split-adjusted basis on NASDAQ, as of the opening of trading on June 8, 2023, under the existing trading symbol “OP”. The CUSIP number of Y6430L202 will be assigned to the Company’s common shares when the reverse stock split becomes effective. When the reverse...

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Elis: Adjustment to the conversion/exchange ratio (OCEANE 2029)

Information to the holders of the bonds convertible into new shares and/or exchangeable for new or existing shares (OCEANE) of Elis 2029 (ISIN Code FR001400AFJ9) Adjustment to the conversion/exchange ratio Saint-Cloud, June 7, 2023 – Elis (ISIN FR0012435121) informs the holders of the bonds convertible into new shares and/or exchangeable for new or existing shares (OCEANE 2029) that the initial conversion/exchange ratio of 1 ordinary share for 1 OCEANE is adjusted to 1.0246 ordinary share for 1 OCEANE (calculated in accordance with the paragraph 2.6.B of the Terms and Conditions of the 15th of September, 2022) as from May 30, 2023, ex-dividend date of the dividend of €0.41 per share, the distribution of which was approved by the shareholders’ meeting held on May 25, 2023.This Adjustment complies with the provisions of the article...

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Elis: Adjustment to the conversion/exchange ratio (OCEANE 2023)

Information to the holders of the bonds convertible into new shares and/or exchangeable for new or existing shares (OCEANE) of Elis 2023 (ISIN Code FR 0013285707) Adjustment to the conversion/exchange ratio Saint-Cloud, June 7, 2023 – Elis (ISIN FR0012435121) informs the holders of the bonds convertible into new shares and/or exchangeable for new or existing shares (OCEANE 2023) that the conversion/exchange ratio of 1,072 ordinary share for 1 OCEANE is adjusted to 1.098 ordinary share for 1 OCEANE (calculated in accordance with the paragraph 2.6.B of the Terms and Conditions of the 3rd of October, 2017) as from May 30, 2023, ex-dividend date of the dividend of €0.41 per share, the distribution of which was approved by the shareholders’ meeting held on May 25, 2023.This Adjustment complies with the provisions of the article 2.6.B.10...

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Ollie’s Bargain Outlet Holdings, Inc. Reports First Quarter Fiscal 2023 Financial Results

~ Net Sales increased 12.9% ~ ~ Comparable Store Sales increased 4.5% ~ ~ Earnings per Share increased 150.0% to $0.50 ~ ~ Adjusted Earnings per Share increased 145.0% to $0.49 ~ ~ Raising Fiscal Year Sales and Earnings Outlook ~ HARRISBURG, Pa., June 07, 2023 (GLOBE NEWSWIRE) — Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the quarter ended April 29, 2023. First Quarter Summary:     Total net sales increased 12.9% to $459.2 million.   Comparable store sales increased 4.5% from the prior year decrease of 17.3%.   The Company opened 9 new stores and closed one store, ending the quarter with 476 stores in 29 states, a year-over-year increase in store count of 8.4%. Operating income increased 124.8% to $38.5 million and operating margin increased 420 basis points to 8.4%. Net...

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Form 8.3 – [FIREANGEL SAFETY TECHNOLOGY GROUP PLC] 06 06 2023 – Opening Declaration (CGAML)

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1.        KEY INFORMATION(a)   Full name of discloser: CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary Clients)(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):        The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. N/A(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:        Use a separate form for each offeror/offeree FIREANGEL SAFETY TECHNOLOGY GROUP PLC(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A(e)   Date...

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Edge Total Intelligence Announces DTC Eligibility for OTCQB Listing

ARLINGTON, Va., June 07, 2023 (GLOBE NEWSWIRE) — Edge Total Intelligence Inc. (“edgeTI”, “Company”, “We”, or “Our”) (TSXV: CTRL, OTCQB: UNFYF, FSE: Q5i) is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be “DTC eligible”. DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company’s common shares in the United States. With DTC eligibility, existing investors benefit from potentially greater liquidity and execution...

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Form 8.3 – [NUMIS CORPORATION PLC] – 06 06 2023 (CGAML)

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1.        KEY INFORMATION(a)   Full name of discloser: CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary Clients)(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):        The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. N/A(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:        Use a separate form for each offeror/offeree NUMIS CORPORATION PLC(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A(e)   Date...

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