Day: July 17, 2023

C3is Announces Agreement to Acquire One Aframax Oil Tanker, and Estimated Net Asset Value Premium at 370% Over Market Capitalization

Written by Customer Service on July 17, 2023. Posted in Public Companies.

ATHENS, Greece, July 17, 2023 (GLOBE NEWSWIRE) — C3is Inc. (Nasdaq:CISS) (the “Company”) announced today that it has entered into an agreement to acquire for $43 million the M/T Stealth Berana, an Aframax oil tanker, built at Samsung shipyard, South Korea in 2010, with a cargo carrying capacity of approximately 115,800 dwt, from Imperial Petroleum Inc. Payment of 10% of the purchase price has been effected, with the remaining balance due within one year following the vessel’s delivery, which took place on the 14th of July . The vessel is currently trading in the spot market. The transaction with Imperial Petroleum Inc., which is an affiliated company, was approved by the Company’s audit committee comprising of independent directors. Net Asset Value (“NAV”) As of July 14, 2023, the Company’s management estimated C3is Inc’s...

Imperial Petroleum Inc. Announces the Sale of Its Aframax Tanker

Written by Customer Service on July 17, 2023. Posted in Public Companies.

ATHENS, Greece, July 17, 2023 (GLOBE NEWSWIRE) — Imperial Petroleum Inc. (Nasdaq:IMPP) (the “Company”) announced today that it has entered into an agreement to sell for $43 million the M/T Stealth Berana an Aframax oil tanker, built at Samsung shipyard, South Korea in 2010, with a cargo carrying capacity of approximately 115,800 dwt, to C3is Inc. Payment of 10% of the purchase price has been received, with the remaining balance due within one year following the vessel’s delivery which took place on the 14th of July, 2023. The vessel is currently trading in the spot market. The transaction with C3is Inc., which is an affiliated company, was approved by the Company’s audit committee comprising of independent directors. ABOUT IMPERIAL PETROLEUM INC. Imperial Petroleum Inc. is a ship-owning company providing petroleum products,...

First Bancshares, Inc. Announces Second Quarter Results for 2023

Written by Customer Service on July 17, 2023. Posted in Earnings Releases And Operating Results.

MOUNTAIN GROVE, Mo., July 17, 2023 (GLOBE NEWSWIRE) — First Bancshares, Inc. (OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank (“Bank”), today announced its financial results for the quarter ended June 30, 2023. For the quarter ended June 30, 2023, the Company reported net income of $1,735,000 or $0.71 per share-diluted, compared to $1,401,000, or $0.57 per share-diluted for the comparable period in 2022. Year to date the Company reported net income of $3,522,000 or $1.44 per share compared to $2,421,000 or $0.99 per share the same period 2022. Year to date changes from the six months ended June 30, 2022, include a $2,213,000 increase in net interest income after provisions for loan losses, along with a $51,000 increase in non-interest income, offset by a $778,000 increase in non-interest expense, and a $385,000...

First Bank and Malvern Bancorp, Inc. Complete Merger

Written by Customer Service on July 17, 2023. Posted in Mergers And Acquisitions.

Expanded Presence in Highly Desirable New York City to Philadelphia Corridor HAMILTON, N.J. and PAOLI, Pa., July 17, 2023 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) today announced that its acquisition of Malvern Bancorp, Inc. (Nasdaq Global Market: MLVF) was completed before the open of business on July 17, 2023. The combined stock and cash transaction was valued at approximately $129.7 million and will expand First Bank’s footprint in the highly desirable New York City to Philadelphia corridor. The consolidated assets of the combined company equal approximately $3.8 billion. “We are pleased to welcome Malvern customers, employees and shareholders to First Bank as we grow our banking presence in New Jersey and Pennsylvania,” said Patrick L. Ryan, President and Chief Executive Officer of First Bank. “Malvern Bank...

Constellation Software’s Perseus Group Enters into Agreement to Acquire Black Knight’s Optimal Blue Business

Written by Customer Service on July 17, 2023. Posted in Mergers And Acquisitions.

TORONTO, July 17, 2023 (GLOBE NEWSWIRE) — Constellation Software Inc. (“Constellation”) (TSX: CSU) today announced that its Perseus operating group has entered into a binding commitment with Intercontinental Exchange, Inc. (NYSE: ICE) and Black Knight, Inc. (NYSE: BKI) to acquire Black Knight’s Optimal Blue business. Under terms of the agreement, Constellation will acquire Black Knight’s Optimal Blue business for $700 million USD. The structure of the proposed transaction includes a payment by Constellation of $200 million USD in cash, with the remainder financed by a $500 million USD promissory note issued by Constellation to Black Knight, as a subsidiary of ICE, at the closing of the transaction. Completion of this transaction is subject to the closing of ICE’s acquisition of Black Knight, the closing of Constellation’s acquisition...

Buckeye Partners Acquires Carbon Capture Company Elysian

Written by Customer Service on July 17, 2023. Posted in Mergers And Acquisitions.

CCS Platform Accelerates Buckeye’s Lower-Carbon Solutions Strategy HOUSTON, July 17, 2023 (GLOBE NEWSWIRE) — Buckeye Partners (“Buckeye”) today announced that it has acquired Elysian Carbon Management (“Elysian”) from EnCap Flatrock Midstream. Elysian provides integrated end-to-end carbon capture and storage (“CCS”) solutions to industrial, power and similar facilities seeking to transition to lower carbon products to advance emissions reductions goals. “This acquisition reflects Buckeye’s commitment to continue to provide essential infrastructure and logistics solutions to meet our customers’ evolving needs in the energy transition,” said Buckeye CEO Todd Russo. “Rapidly developing CCS-related technologies and solutions offer abundant synergies across Buckeye’s project development capabilities and existing pipeline network and...

Interventional Oncology Market Set to Soar Past USD 4127.28 Million by 2030 | Skyquest Technology

Written by Customer Service on July 17, 2023. Posted in Mergers And Acquisitions.

The interventional oncology market, encompassing radiation therapy, ablation devices, and particle embolization devices, is poised for substantial growth from 2023 to 2030. With applications in liver, kidney, lung cancer, and others and catering to hospitals, ambulatory surgical centres, and speciality clinics, the market offers a range of therapies and products for effective cancer treatment. Westford USA, July 17, 2023 (GLOBE NEWSWIRE) — The global Interventional Oncology market size is expected to reach USD 4127.28 million by 2030 and exhibit a CAGR of 7.6% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing incidence and prevalence of cancer globally, advancements in interventional oncology techniques and technologies, growing preference for minimally invasive procedures,...

Joint Stock Company “Latvijas Gāze” statement of change of ownership of Joint Stock Company “Gaso” and loss of qualifying holding

Written by Customer Service on July 17, 2023. Posted in Public Companies.

On July 17, 2023, under the agreement signed in April 2023, the final preconditions for the completion of the transaction of sale of the 100% subsidiary JSC “Gaso” were met, and the change of ownership has been registered with the Commercial Register of the Republic of Latvia, with AS “Eesti Gaas” becoming holder of 100% of shares in the JSC “Gaso”. The JSC “Gaso” is the only natural gas distribution operator in Latvia. The JSC “Gaso” operates independently of the JSC “Latvijas Gāze” and the change of ownership will not affect the provision of the companies’ services to the customers of the JSC “Latvijas Gāze”. In the balance sheet contained by the Q1 2023 financial statement of the JSC “Latvijas Gāze”, the contribution to the JSC “Gaso” was included under current assets in the amount of 122 million EUR, while the equity of the JSC “Latvijas...

Q.E.P. Co., Inc. Reports Fiscal 2024 First Quarter Financial Results

Written by Customer Service on July 17, 2023. Posted in Public Companies.

Quarterly Net Sales of $103.3 million/Net Income of $0.9 million BOCA RATON, Fla., July 17, 2023 (GLOBE NEWSWIRE) — Q.E.P. CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today reported its consolidated results of operations for the first quarter of fiscal year 2024, which ended on May 31, 2023. QEP reported net sales of $103.3 million for the quarter ended May 31, 2023, a decrease of $13.8 million or 11.8% compared to $117.1 million in the first quarter of fiscal 2023. The decrease in net sales was primarily due to lower demand in the North America retail and flooring dealer segments, along with the currency translation impact of the stronger U.S. Dollar in the current period. Lewis Gould, Executive Chairman, commented on the Company’s results, “Although sales improved compared to the previous two quarters, the Company’s topline...

CarGurus Announces Appointment of Manik Gupta to Board of Directors

Written by Customer Service on July 17, 2023. Posted in Public Companies.

Gupta brings product leadership and vision scaling global platforms to Board position with the nation’s most visited automotive shopping site1 CAMBRIDGE, Mass., July 17, 2023 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the appointment of Manik Gupta to its Board of Directors and Audit Committee, effective July 14, 2023. Gupta brings nearly 25 years of experience in the technology sector, currently as the Corporate Vice President of Microsoft Teams, serving over 300 million users across enterprises, small and medium businesses (SMBs), consumers, and the developer ecosystem. Prior to this, his background spans roles at several global technology companies, including Uber, Google, and Hewlett-Packard. “Manik’s deep experience...

Day: July 17, 2023

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