December 11, 2023 – Page 2

CareCloud Announces Suspension of its Dividends on Non-Convertible Series A and Series B Cumulative Redeemable Perpetual Preferred Stock

Written by Customer Service on December 11, 2023. Posted in Public Companies.

SOMERSET, N.J., Dec. 11, 2023 (GLOBE NEWSWIRE) — CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that its Board of Directors has suspended its monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”) and its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock (“Series B Preferred Stock”) beginning with the payment scheduled for December 15, 2023. The suspension of these dividends will defer approximately $1.3 million in cash dividend payments each month. During this suspension, dividends will continue to accrue on the Series A and Series B Preferred Stock. The Board of Directors will regularly review and consider...

Reliq Health Technologies, Inc. Announces Management Changes

Written by Customer Service on December 11, 2023. Posted in Public Companies.

HAMILTON, Ontario, Dec. 11, 2023 (GLOBE NEWSWIRE) — Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global healthcare technology company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announces that it has accepted the resignation of its CEO and Director, Dr. Lisa Crossley. Dr. Crossley will continue to work with the Company as an advisor to ensure that there is no disruption to operations. The Company would like to thank Dr. Crossley for her eight years of dedicated service as CEO of Reliq and wishes her the best with her recent health issues, and hopes she has a speedy recovery. The Board of Directors has appointed Mr. Chris Shields as Interim CEO. Mr. Shields currently handles the Company’s US business development...

SAGALIAM ACQUISITION CORP. ANNOUNCES RECEIPT OF NASDAQ DELISTING LETTER

Written by Customer Service on December 11, 2023. Posted in Public Companies.

New York, NY, Dec. 11, 2023 (GLOBE NEWSWIRE) — Sagaliam Acquisition Corp. (NASDAQ: “SAGAU”, “SAGA”, SAGAR”) (the “Company”) received a delisting notification letter (“Notice”) from the Listing Qualifications staff of the Nasdaq Stock Market LLC (“Nasdaq”) on December 8, 2023. The Company intends to file an appeal, and take all possible steps to maintain its Nasdaq listing. Following is the core text of the letter received from Nasdaq on December 8, 2023: On May 26, 2023, Staff notified the Company that the market value of its listed securities had been below the minimum $50,000,000 required for continued listing as set forth in Listing Rule 5450(b)(2)(A) for the previous 30 consecutive trading days.1 Therefore, in accordance with Listing Rule 5810(c)(3)(C), the Company was provided 180 calendar days, or until November 22, 2023...

Madison Metals Closes Fully Subscribed Private Placement For $500,000 Comprised of $460,000 Cash and $40,000 Debt and Announces Option Grant

Written by Customer Service on December 11, 2023. Posted in Public Companies.

TORONTO, Dec. 11, 2023 (GLOBE NEWSWIRE) — Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce that, further to its press release dated December 4, 2023, it has issued 1,150,000 units (the “Units”) at a price of CDN$0.40 per unit for aggregate gross proceeds of $460,000 (the “Private Placement”). Each Unit consists of one common share in the capital of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) with each Warrant entitling the holder thereof to purchase one Common Share at a price of CDN$0.60 for up to 12 months. The Company has also issued an aggregate of 100,000 Units to Duane Parnham, the Chairman and Chief Executive Officer and a director of the Company, and Ryan Thompson, the Chief Strategy...

Euro Manganese Welcomes New €3 Billion Fund Proposed by the European Commission to Boost Growth of the EU Battery Industry

Written by Customer Service on December 11, 2023. Posted in Public Companies.

VANCOUVER, British Columbia, Dec. 11, 2023 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the “Company”) welcomes the proposal by the European Commission (the “Commission”) and recent remarks made by Executive Vice-President Maroš Šefčovič on financial support for European producers of electric vehicle batteries. Euro Manganese especially supports the approach for a dedicated budget which will prioritise the best performers in sustainability, traceability, and circularity. Starting in 2024, up to €3 billion in funding is proposed to be provided via the Commission’s Innovation Fund to incentivize investment in the European Union’s (“EU”) battery manufacturing capacity. The Commission intends to set up a dedicated instrument under the Innovation Fund...

Gabelli Equity Trust Extends Expiration Date of Tender Offer to January 5, 2024 for Series C and Series E Auction Rate Preferred Stock

Written by Customer Service on December 11, 2023. Posted in Public Companies.

RYE, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) — The Board of Directors of The Gabelli Equity Trust Inc. (NYSE: GAB) (the “Fund”) has extended the expiration date of the tender offer (the “Offer”) for all of the Fund’s outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock (the “Preferred Stock”) to January 5, 2024. Under the terms of the Offer owners of the Preferred Stock may tender their Preferred Stock for cash in the amount of $22,500 for each share of Preferred Stock validly tendered and not withdrawn pursuant to the Offer. For holders that tender Preferred Stock accepted for tender, all accrued and unpaid dividends on such Preferred Stock as of the expiration of the Offer will be paid in cash. The terms and conditions of the Offer are set forth in the Offer to Purchase...

Star Bulk and Eagle Bulk Shipping to Combine, Creating a Global Leader in Dry Bulk Shipping

Written by Customer Service on December 11, 2023. Posted in Mergers And Acquisitions.

Leading, Diversified and Scrubber-Fitted Fleet of 169 Owned Vessels Best-in-Class Commercial and Technical Operations and Expanded Global Presence Spanning Europe, Asia and North America Expect to Realize Meaningful Financial Benefits from Significant Cost and Revenue Synergies Companies to Host Conference Call Today at 5:30 p.m. ET ATHENS, Greece and STAMFORD, Conn., Dec. 11, 2023 (GLOBE NEWSWIRE) — Star Bulk Carriers Corp. (“Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, and Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle”), one of the world’s largest owner-operators within the midsize dry bulk vessel segment, today announced that the companies have entered into a definitive agreement to combine in an all-stock merger on a Net Asset Value to Net Asset Value (“NAV”) basis...

AMREP Reports Second Quarter Fiscal 2024 Results

Written by Customer Service on December 11, 2023. Posted in Earnings Releases And Operating Results.

HAVERTOWN, Pa., Dec. 11, 2023 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $1,108,000, or $0.21 per diluted share, for its 2024 fiscal second quarter ended October 31, 2023 compared to net income of $3,621,000, or $0.68 per diluted share, for the same period of the prior year. For the first six months of 2024, AMREP had net income of $2,454,000, or $0.46 per diluted share, compared to net income of $5,533,000, or $1.04 per diluted share, for the same period of 2023. Revenues were $8,854,000 and $19,143,000 for the second quarter and first six months of 2024 and $16,149,000 and $26,856,000 for the second quarter and first six months of 2023. More information about the Company’s financial performance may be found in AMREP Corporation’s financial statements on Form 10-Q which have today been filed with...

Innospec Acquires QGP Química

Written by Customer Service on December 11, 2023. Posted in Mergers And Acquisitions.

ENGLEWOOD, Colo., Dec. 11, 2023 (GLOBE NEWSWIRE) — Innospec Inc. (NASDAQ: IOSP) today announced that it completed the acquisition of QGP Química Geral (“QGP”), a leading specialty chemicals company based in Brazil. Terms of the acquisition were not disclosed. With this acquisition, Innospec now has a meaningful manufacturing, customer-service and product development base in South America which is one of the largest and most important global markets for all Innospec technologies. QGP also adds new surfactant and other specialty chemistries to Innospec’s global portfolio in important growth markets like Agriculture. Founded in 1992, QGP has 300 employees. Innospec will integrate QGP into its Performance Chemicals business. Patrick S. Williams, President and CEO of Innospec Inc. said, “We are very pleased to complete this acquisition....

Sun Country Airlines Holdings, Inc. Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Written by Customer Service on December 11, 2023. Posted in Public Companies.

MINNEAPOLIS, Dec. 11, 2023 (GLOBE NEWSWIRE) — Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY) (“Sun Country Airlines”) today announced the commencement of a proposed secondary public offering of 4,000,000 shares of its common stock by an affiliate of certain investment funds managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholder”). The underwriters will have a 30-day option to purchase up to an additional 600,000 shares of common stock from the Selling Stockholder. Sun Country Airlines is not selling any shares and will not receive any proceeds from the proposed offering. In addition, Sun Country Airlines has authorized the purchase from the underwriters of approximately $5 million of shares of common stock that are the subject of the proposed offering at a price per share equal to the price at which...

Day: December 11, 2023

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