December 19, 2023 – Page 2

Athabasca Oil Announces Creation of “Duvernay Energy Corporation” with Cenovus Energy to Accelerate Value in the Prolific Kaybob Duvernay Play

Written by Customer Service on December 19, 2023. Posted in Public Companies.

Duvernay Energy Land Map Duvernay Energy Land Map Athabasca and Cenovus combine Kaybob assets to create pure-play Duvernay entity Exposure to ~200,000 gross acres including a newly operated 100% WI position of ~46,000 acres Leverages significant prior de-risking activity to date on Athabasca’s Duvernay assets Debt-free entity seeded with $40 million cash and a $50 million credit facility Production of ~2,000 boe/d with a self-funded development plan to ~25,000 boe/d (~75% Liquids) Athabasca Thermal Oil budget & Return of Capital commitment of 100% Free Cash Flow remain intact Athabasca and Duvernay Energy will be positioned as two separate companies with independent capital allocation frameworks CALGARY, Alberta, Dec. 19, 2023 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or “the Company”)...

Worthington Enterprises Reports Second Quarter Fiscal 2024 Results

Written by Customer Service on December 19, 2023. Posted in Earnings Releases And Operating Results.

COLUMBUS, Ohio, Dec. 19, 2023 (GLOBE NEWSWIRE) — Worthington Enterprises, Inc. (NYSE: WOR), formerly Worthington Industries, Inc., today reported results for its fiscal 2024 second quarter ended November 30, 2023. These quarterly results include both Worthington Enterprises and Worthington Steel. Beginning in the third quarter of fiscal 2024, historical results will be restated to reflect the operations of the Company’s former Steel Processing segment as a discontinued operation in periods prior to the December 1, 2023, separation date. Net sales in the second quarter of fiscal 2024 were $1.1 billion and net earnings attributable to controlling interest were $24.3 million, or $0.49 per diluted share. For the second quarter of fiscal 2023, the Company reported net sales of $1.2 billion and net earnings attributable to controlling...

Brookfield Office Properties Provides Update On Conversion Option For Its Class AAA Series T Preference Shares

Written by Customer Service on December 19, 2023. Posted in Dividend Reports And Estimates.

Not for distribution to U.S. newswire services nor for dissemination to the United States. All amounts in Canadian dollars. BROOKFIELD NEWS, Dec. 19, 2023 (GLOBE NEWSWIRE) — Brookfield Office Properties Inc. (“Brookfield”), a subsidiary of Brookfield Property Partners L.P., today announced that after having taken into account all election notices received by the December 18, 2023 deadline for the conversion of the Class AAA Preference Shares, Series T (the “Series T Shares”) (TSX: BPO.PR.T) into Class AAA Preference Shares, Series U (the “Series U Shares”), the holders of Series T Shares are not entitled to convert their Series T Shares into Series U Shares. There were 312,514 Series T Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series U Shares. The Series...

Intuitive Machines IM-1 Lunar Mission Launch Update

Written by Customer Service on December 19, 2023. Posted in Public Companies.

HOUSTON, Dec. 19, 2023 (GLOBE NEWSWIRE) — Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”), a leading space exploration, infrastructure, and services company, announced in coordination with SpaceX, launch of the Company’s IM-1 lunar mission is now targeted for a multi-day launch window that opens no earlier than mid-February 2024. The updated window comes after unfavorable weather conditions resulted in shifts in the SpaceX launch manifest. The mid-February launch window is the next available opportunity to launch IM-1 given the monthly lunar blackout period; the IM-1 mission Nova-C lunar lander is targeted to land near the south pole of the Moon, requiring specific lighting conditions that are only available for a handful of days each month. The Company’s IM-1 mission Nova-C lunar lander remains...

Farmers & Merchants Bancorp, Inc. Raises the 2023 Fourth Quarter Cash Dividend by 4.8% Year-over-Year to $0.22 per share

Written by Customer Service on December 19, 2023. Posted in Dividend Reports And Estimates.

ARCHBOLD, Ohio, Dec. 19, 2023 (GLOBE NEWSWIRE) — The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.235 billion at September 30, 2023, today announced that it has approved a 4.8% year-over-year increase in the Company’s quarterly cash dividend. The new cash dividend has been raised to $0.22 per share from the previous dividend of $0.21 per share for the same period last year. This represents the 29th consecutive annual increase in the Company’s regular dividend payment since 1994. The fourth-quarter dividend is payable on January 20, 2024, to shareholders of record as of December 29, 2023. Lars B. Eller, President and Chief Executive Officer stated, “F&M is committed to returning capital back to shareholders through its long-standing...

Veritex Community Bank Partners with MaxMyInterest to Offer FDIC-Insured High-Yield Savings Accounts

Written by Customer Service on December 19, 2023. Posted in Public Companies.

The new partnership provides highly competitive yield and increased FDIC insurance to Max’s rapidly growing client base DALLAS and NEW YORK, Dec. 19, 2023 (GLOBE NEWSWIRE) — Veritex Community Bank (Veritex), the banking subsidiary of Veritex Holdings Inc. (NASDAQ: VBTX), today announced it has joined the MaxMyInterest (Max) platform, offering clients access to high-yield savings accounts that open in as little as 60 seconds. Max is an innovative and intelligent cash management platform for individual investors and financial advisors that helps investors allocate cash balances among multiple bank accounts to ensure increased FDIC insurance coverage with the highest available yield. “We attribute so much of Veritex’s continued growth to our powerful combination of digital prowess and client-first emphasis around truth and transparency....

Canoo Adjourns Annual Shareholder Meeting Until December 29, 2023

Written by Customer Service on December 19, 2023. Posted in Public Companies.

Justin, Texas, Dec. 19, 2023 (GLOBE NEWSWIRE) — Canoo Inc. (NASDAQ: GOEV), a leading high-tech advanced mobility company, today announced the adjournment of its annual shareholder meeting until Friday, December 29, 2023 at 8:30 a.m. Central Time, to provide additional time to solicit votes to reach a quorum and conduct business. About Canoo Canoo’s mission is to bring EVs to Everyone. The company has developed breakthrough electric vehicles that are reinventing the automotive landscape with their pioneering technologies, unique design, and business model that spans multiple owners across the full lifecycle of the vehicle. Canoo designed a modular electric platform that is purpose-built to maximize the vehicle interior space and is customizable for all owners in the vehicle lifecycle, to support a wide range of business...

JE Cleantech Holdings Limited Announces Receipt of NASDAQ Notification Regarding Minimum Bid Price Deficiency

Written by Customer Service on December 19, 2023. Posted in Public Companies.

SINGAPORE, Dec. 19, 2023 (GLOBE NEWSWIRE) — JE Cleantech Holdings Limited (Nasdaq: JCSE), a manufacturer of a broad range of cleaning systems, announced that on December 14, 2023, it received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq Notification”). The Notification stated that the Company’s ordinary shares failed to maintain a minimum bid price of $1.00 over the last 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). Receipt of the Nasdaq Notification does not result in the immediate delisting of the Company’s ordinary shares and has no immediate effect on the listing or the trading of the Company’s ordinary shares on the Nasdaq Capital Market under the symbol “JCSE”. Pursuant to Nasdaq Listing Rule...

AMD Recommends Rejection of Below-Market “Mini-Tender” Offer from TRC Capital Investment Corporation

Written by Customer Service on December 19, 2023. Posted in Public Companies.

SANTA CLARA, Calif., Dec. 19, 2023 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) has been notified of a “mini-tender” offer by TRC Capital Investment Corporation (“TRC Capital”). Pursuant to the offer, which is dated Dec. 11, 2023, TRC Capital is offering to purchase up to 1 million shares of AMD common stock, which represents approximately 0.06% of its outstanding shares. AMD cautions its stockholders that TRC Capital’s unsolicited “mini-tender” offer of $123.45 per share is approximately 4.24% below the $128.92 per share closing price of AMD stock on Dec. 8, 2023, the day before the “mini-tender” offer was commenced and approximately 11.12% below the $138.90 per share closing price of AMD stock on Dec. 18, 2023. AMD recommends against tendering shares in response to this unsolicited below-market...

Evaxion Announces Business Update and Third Quarter 2023 Financial Results

Written by Customer Service on December 19, 2023. Posted in Earnings Releases And Operating Results.

The Evaxion Three-Pronged Strategy Evaxion Announces Business Update and Third Quarter 2023 Financial Results Christian Kanstrup joined Evaxion as Chief Executive Officer in September Evaxion has launched its refined strategy with an increased focus on value realization via partnerships based upon the AI-Immunology™ platform Solid progress has already been seen on the refined strategy with two partnerships announced in Q3 and proof-of-principle for Evaxion’s proprietary responder model based upon the AI-Immunology™ platform Cash and cash equivalents of $2.6 million on September 30, 2023. On December 18, 2023, Evaxion priced a bridge financing round, expected to raise aggregate proceeds of approximately $5.3 million. This private placement is expected to close on or around December 21, 2023, and will fund operations...

Day: December 19, 2023

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