Day: September 19, 2023

SHANGHAI, China, Sept. 19, 2023 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced the pricing of US$500 million in aggregate principal amount of convertible senior notes due 2029 (the “2029 Notes”) and US$500 million in aggregate principal amount of convertible senior notes due 2030 (the “2030 Notes,” and, together with the 2029 Notes, the “Notes”) (the “Notes Offering”). The Notes have been offered to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, the Company has granted the initial purchasers in the Notes Offering an option, exercisable...

NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) — Mercer International Inc. (Nasdaq: MERC) (the “Company”) today announced the pricing of its private offering of $200.0 million in aggregate principal amount of 12.875% senior notes due October 1, 2028 (the “2028 Notes”). The 2028 Notes are being issued at a price of 100% of their principal amount. The net proceeds of the offering will be used by the Company to pay down borrowings under its Canadian revolving credit facility, and for working capital and general corporate purposes, including discretionary capital projects at its facilities. The offering of the 2028 Notes is expected to close on or around September 21, 2023, subject to the satisfaction of customary closing conditions. The 2028 Notes are being offered and sold to qualified institutional buyers in reliance...

CALGARY, Alberta, Sept. 19, 2023 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the total consideration payable in connection with its previously announced tender offers to purchase for cash: (i) up to $500,000,000 aggregate purchase price, excluding accrued and unpaid interest (the “Pool 1 Maximum Amount”), of its 5.250% Notes due 2037, 4.450% Notes due 2042, 5.200% Notes due 2043, 4.400% Notes due 2029, 5.400% Notes due 2047 and 4.250% Notes due 2027 (collectively, the “Pool 1 Notes”) and (ii) up to $500,000,000 aggregate purchase price, excluding accrued and unpaid interest (the “Pool 2 Maximum Amount” and, together with the Pool 1 Maximum Amount, the “Maximum Amounts”), of its 6.800% Notes due 2037 and 6.750% Notes due 2039 (collectively, the “Pool 2 Notes” and, together with the Pool 1 Notes,...

TORONTO, Sept. 19, 2023 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX FC, FC.DB.G, FC.DB,H, FC.DB.I, FC.DB.J ,FC.DB. K and FC.DB.L) is issuing this press release to update shareholders on the Investment Portfolio (the “Portfolio”), corporate balance sheet position and trading metrics: INVESTMENT PORTFOLIO HIGHLIGHTS The Corporation specializes in providing bridge mortgage financing that entails seeing the Portfolio revolve and re-deployed into new investments based on new valuations:The Portfolio as of today stands at approximately $587 million spread over 237 separate investments; 95% of the Portfolio have variable interest rates and are priced to be the greater of: (i) Bank Prime plus a spread (“Base Rate”), and (ii) a fixed rate that in most cases equals to the Base Rate. As such,...

LOWELL, Mass., Sept. 19, 2023 (GLOBE NEWSWIRE) — Rapid Micro Biosystems, Inc. (Nasdaq: RPID) (the “Company”), an innovative life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products, today announced that the Company will participate in the virtual Gilmartin Group Emerging Growth Company Showcase. Rob Spignesi, President and CEO, and Sean Wirtjes, CFO, are scheduled to participate virtually in a 30-minute presentation and question-and-answer session with the host analyst on Thursday, September 21, 2023 at 10:00 a.m. Eastern Time. A live webcast of the presentation will be available on the Rapid Micro Biosystems investor relations website at https://investors.rapidmicrobio.com/ and can be accessed here. The webcast will...

SINGAPORE, Sept. 19, 2023 (GLOBE NEWSWIRE) — Fat Projects Acquisition Corp (NASDAQ: FATPU, FATP, FATPW) (“FATP”), a special purpose acquisition company, announced today that on September 14, 2023, the Company deposited into its trust account an aggregate of $24,279.65 representing $0.05 per share for each of its 485,593 outstanding publicly held Class A ordinary shares. The deposit enables the Company to extend the period of time it has to consummate its initial business combination by one month from September 15, 2023 to October 15, 2023 (the “Extension”). The Extension is the sixth of up to nine one-month extensions permitted under the Company’s governing documents. The funds came from the working capital of the Company raised from non-interest-bearing loans from affiliates of the Company’s Sponsor, directors or officers. The...

Footwear brand finalizes agreements in Canada and South Korea SAN FRANCISCO, Sept. 19, 2023 (GLOBE NEWSWIRE) — Allbirds Inc., a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, announced the completion of its previously announced agreements with distributor partners in Canada and South Korea. In-Sport Fashions Inc. has been appointed Allbirds’ exclusive Canadian distributor and EFG Corporation has been appointed Allbirds’ exclusive distributor in South Korea. The shift from a direct go-to-market model to a third-party distributor model is one of the key pillars under Allbirds’s Strategic Transformation Plan announced earlier this year. The Company is continuing to explore distribution opportunities in other international geographies. “We are pleased...

TORONTO, Sept. 19, 2023 (GLOBE NEWSWIRE) — Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) (“Profound” or the “Company”), a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue, today announced that management will present an update on the Company’s business at the 2023 Cantor Global Healthcare Conference on Tuesday, September 26, 2023 at 4:55 p.m. Eastern Time in NYC. The presentation will be broadcast live and archived on the Company’s website at www.profoundmedical.com under “Webcasts” in the Investors section. About Profound Medical Corp. Profound is a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue. Profound is commercializing TULSA-PRO®,...

DANBURY, CT, Sept. 19, 2023 (GLOBE NEWSWIRE) — Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD) today issued the following statement regarding an update on the flooding that has recently impacted its Orleans, Vermont, manufacturing facility: In July 2023, Ethan Allen’s wood furniture manufacturing operations located in Orleans, Vermont, sustained damage from heavy flooding of the nearby Barton River. In addition to losses related to wood furniture inventory parts and state-of-the-art manufacturing equipment, the flooding also resulted in a temporary work stoppage for many Vermont associates and a disruption and delay of shipments for approximately seven weeks.  Ethan Allen has deep roots in Vermont, first established in 1936 when the Company’s founders purchased a sawmill in Beecher Falls. The Orleans workshop...