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Month: September 2023

Lincoln Electric Receives Initial Order for Its VelionTM DC Fast Charger for Electric Vehicles

CLEVELAND, Sept. 14, 2023 (GLOBE NEWSWIRE) — Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) is pleased to announce that it has received an initial order to supply four VelionTM 150kW DC fast chargers to DC-America, a leading provider of prewired, pre-commissioned charging depots for charge point operators, fleets, and installation contractors. The VelionTM chargers, coupled with the DC-America modular platform and structural raceway system, will be a part of DC-America’s National Electric Vehicle (NEVI) Formula program compliant offerings. Lincoln Electric’s inaugural 150kW VelionTM DC fast charger exceeds 75% domestic content, is engineered to exceed 97% uptime with an output of up to 1000V/150A and 500V/300A, with charging efficiency of 95%. VelionTM operates within the temperature range of -31° F to 122° F (-35°...

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Host Hotels & Resorts Announces Increased Third Quarter Dividend

BETHESDA, Md., Sept. 14, 2023 (GLOBE NEWSWIRE) — Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, today announced that its board of directors authorized a regular quarterly cash dividend of $0.18 per share, a 20% increase over the prior quarter. The dividend is payable on October 16, 2023, to stockholders of record on September 30, 2023. ABOUT HOST HOTELS & RESORTS Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 41,900 rooms. The Company also holds non-controlling interests in seven domestic and one...

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Core Specialty Announces Purchase of Security & Alarm Business Renewal Rights and Related Unearned Premium Reserve from Conifer Holdings, Inc.

Security & Alarm Business produced gross premiums written of $48 million in 2022 Transaction to include cash consideration, reimbursement of deferred acquisition costs and Note purchase commitmentCINCINNATI, Sept. 14, 2023 (GLOBE NEWSWIRE) — Core Specialty Insurance Holdings, Inc. (“Core Specialty”) announced today that Core Specialty and its subsidiaries have entered into a series of transactions with Conifer Holdings, Inc. (“Conifer”) to acquire Conifer’s Security & Alarm Business. The Security & Alarm Business provides general liability, excess/umbrella, and selected other coverages to the niche Security Guards, Alarm Contractors, Private Investigators, and Trade Contractors markets. As part of the transaction, Core Specialty has agreed to (1) pay Conifer $2.5 million in cash for the exclusive right to underwrite...

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CymaBay Announces Closing of Upsized $258.7 Million Public Offering of Common Stock and Pre-Funded Warrants, Including Full Exercise of Underwriters’ Option to Purchase Additional Shares

NEWARK, Calif., Sept. 14, 2023 (GLOBE NEWSWIRE) — CymaBay Therapeutics, Inc. (Nasdaq: CBAY), a clinical-stage biopharmaceutical company focused on developing innovative therapies for liver and other chronic diseases with high unmet medical need, today announced the closing of its previously announced underwritten public offering of common stock and pre-funded warrants. CymaBay sold 14,521,307 shares of common stock in the offering, including 1,970,227 shares pursuant to the full exercise of the underwriters’ option to purchase additional shares, at a public offering price of $17.13 per share. In addition, CymaBay sold, in lieu of common stock to certain investors, pre-funded warrants to purchase 583,771 shares of common stock in the offering at a public offering price of $17.1299 per underlying share. The gross offering proceeds...

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Snail, Inc. Launches Survivor Mercs with Twitch Integration in Early Access Today

CULVER CITY, Calif., Sept. 14, 2023 (GLOBE NEWSWIRE) — Snail, Inc. (Nasdaq: SNAL) (“Snail”), a leading, global independent developer and publisher of interactive digital entertainment, has launched Survivor Mercs, an early access game on Steam with an innovative Twitch Integration through its indie publishing sub-label Wandering Wizard. Survivor Mercs, is a roguelite military styled action game that blends the Bullet Heaven and extraction shooter genre for a challenging single-player experience enhanced by a first of its kind social element through its Twitch Integration. The motivation behind Survivor Merc’s Twitch Integration was to revolutionize social interaction in single-player games within the genre and style of the game, creating a more engaging experience for streamers and players. With the Twitch Integration, streamers...

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Lifeist Strengthens Board with New Appointment and Announces Changes to Chief Financial Officer and Auditor

TORONTO, Sept. 14, 2023 (GLOBE NEWSWIRE) — Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF), a health-tech company that leverages advancements in science and technology to build breakthrough companies that transform human wellness, is pleased to announce that John C. Sinclair has joined the Company’s board of directors and has been appointed as Chief Financial Officer (“CFO”), on an interim basis, until a suitable replacement is found. Mr. Sinclair replaces Slava Klems, the former CFO, who is leaving her current role with Lifeist to pursue new opportunities. The Company is actively reviewing potential candidates for the role. As a member of the board, Mr. Sinclair will also serve as the chairperson of the Audit Committee. “I am extremely pleased to welcome John to the board of directors...

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IHT FIRST FISCAL HALF REVENUES INCREASE

Phoenix, AZ, Sept. 14, 2023 (GLOBE NEWSWIRE) — InnSuites Hospitality Trust (NYSE American: IHT) reported a continuation of improved results in the First Fiscal Half of 2024, (February 1, 2023, to July 31, 2023), with Total Revenues up $91,882, at $3,927,084. Total Consolidated First Fiscal Half Net Income was $531,825. Consolidated Net Income before non-cash depreciation expense was $866,611 for the 2024 First Fiscal Half ended July 31, 2023 (February 1, 2023, through July 31, 2023). Net Income Attributable to Controlling Interests for the First Fiscal Half was $245,661. This represents seven consecutive Profitable Quarters dating back to Fiscal Fourth Quarter 2022 (November 1, 2021, through January 31, 2022). Earnings Per Share based on Net Income Attributable to Controlling Interest amount was $0.03, flat from the prior year. InnSuites...

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Courtney Kunkel Selected as Future Under 40 Honoree

YORK, Pa., Sept. 14, 2023 (GLOBE NEWSWIRE) — PeoplesBank, A Codorus Valley Company, is proud to share that the Pennsylvania Bankers Association has selected Courtney Kunkel, Electronic Banking Manager, as a 2023 PA Bankers Future Under 40 honoree. The PA Bankers’ Future Under 40 Awards honor banking industry leaders, aged 40 years and younger, who have a tremendous impact on their institution, the community, and the industry. “In my short time with PeoplesBank, Courtney has had an incredible impact on our team,” said Gina Trump, VP, Director of E-banking & Client Care Center. “Her expertise is invaluable in driving our success and her growth in leadership has enabled significant advances in our team’s impact to the organization.” Ms. Kunkel’s focus on client experience and making banking easier and more accessible has remained...

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3D Systems Streamlines Production, Fosters Continuous Innovation by Insourcing Manufacturing of Additional Printer Platforms

Insourcing of metal and polymer production printers in Riom, France & Rock Hill, South Carolina facilities enables enhanced quality control, reduced manufacturing cycle times, and accelerated new product introduction Enhances customer satisfaction through shorter lead times, increased product support, and process customization Enables improved asset management & resource utilization anticipated to reduce total inventories by over 20% in 2024ROCK HILL, S.C., Sept. 14, 2023 (GLOBE NEWSWIRE) — Today, 3D Systems (NYSE:DDD) announced the completion of its strategic initiative to insource the manufacturing of two more strategic printer platforms. The company transferred this activity from two electronics manufacturing services (EMS) partners, with which 3D Systems maintains commercial relationships to expand the adoption...

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Inter&Co Announced as Official Financial Institution of Orlando City SC and Orlando Pride

City and Pride fans to receive exclusive opportunities as Brazil-based organization makes first major investment in America sporting landscape ORLANDO, Fla., Sept. 14, 2023 (GLOBE NEWSWIRE) — Today, Orlando City SC and the Orlando Pride announced a multi-year partnership with Inter&Co to become the Official Financial Institution of both the Major League Soccer and National Women’s Soccer League clubs. “We are excited to welcome Inter&Co and their 28 million customers to the Orlando City and Orlando Pride family as our newest partner,” said Club President of Business Operations Jarrod Dillon. “We look forward to sharing Inter&Co’s innovative capabilities in the digital financial space with our fans, and partnering with them to make an impact in our community. The global synergies that exist between...

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