Day: May 2, 2024

Kline Hill Invests in Complete Solaria with Debt-Equity Swap

FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) — Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQ: CSLR) today announced that Kline Hill Partners (KHP), a Complete Solaria debt holder, has agreed to a debt-for-equity swap, and an additional cash investment. Complete Solaria will issue 9.8 million shares (19.9%) of outstanding stock to KHP in return for cancelling its debt. Mike Bego, KHP CEO, said, “We have re-invested the principal and interest on our loan back into Complete Solaria’s stock to participate in the Company’s future growth.” Kline Hill also agreed to buy 3.7 million Complete Solaria warrants. T.J. Rodgers, Complete Solaria’s Chief Executive Officer said, “Thank you Kline Hill for your confidence in us. I would like to sincerely thank Mike Bego and his team for working with us – literally for years...

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Trinity Investors Announces Acquisition of Atmos Technologies

SOUTHLAKE, Texas, May 02, 2024 (GLOBE NEWSWIRE) — Trinity Investors, a leading alternative asset management firm, has partnered with Insight Equity Holdings to acquire Atmos Technologies. Trinity believes the acquisition will strengthen Atmos’s position as the leader in full-service environmental solutions and drive the company toward its full growth potential. “Trinity Investors is proud to invest in Atmos Technologies, supporting their mission to provide sustainable solutions for critical environmental challenges. With a portfolio of innovative formulations, Atmos is well-positioned for continued growth and impact in infrastructure applications,” said Jay Fuquay, Partner at Trinity Investors. Atmos is the only full-service environmental solutions company that formulates, designs, and provides customized products and...

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Primeline Receives Notice of Enforcement of Guarantee

  Not for distribution to the U.S. news wire services, or dissemination in the United States.   HONG KONG, May 02, 2024 (GLOBE NEWSWIRE) — Primeline Energy Holdings Inc. (“Primeline” or the “Company”) announces that it has received notice of enforcement of its guarantee of the indebtedness of its subsidiaries, Primeline Energy China Limited (“PECL”) and Primeline Petroleum Corporation (“PPC”) from the syndicate of banks (the “Syndicate”) which provided the loan facility for finance of Primeline’s share of the development cost of the LS 36-1 gas field to PECL and PPC. As previously announced and as the Syndicate is aware, Primeline has no source of revenue or assets with which to repay the loan and meet its obligations under the Guarantee, in that production at LS 36-1 has been shut down. Primeline will therefore not oppose any...

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Complete Solaria to be Self-Funded in Q2 2024

FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) — Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR) today published its Q1’24 results, to be presented via webcast today, May 2, 2024 at 5:00 p.m. EDT. Interested parties may access the webcast by registering here, or by visiting: https://investors.completesolaria.com/news-events/events. Q1’24 and Q2’24 forecast summary (based on non-GAAP results unless noted): Q1’24 revenue was $10.0 million, half of Q4’23, despite our $17.8 million backlog The revenue drop is due to a shortage of working capital to buy panels The working capital crunch is due to the unresolved loan situation with Carlyle Q2’24 revenue will also be limited by working capital to the $8-11 million range Gross margin was 24% – despite 2x reduced revenue – with Q2’24 forecast at >30% Headcount...

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Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Say on Pay, and Omnibus Equity Plan

ST. JOHN’S, Newfoundland and Labrador, May 02, 2024 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) announced the voting results from its Annual and Special Meeting of Shareholders held today. Shareholders voted in favour of all items of business before the meeting, including electing the nominated directors, appointing Deloitte LLP as the Corporation’s auditors, approving the non-binding advisory vote regarding the Corporation’s approach to executive compensation, and approving the omnibus equity plan and related matters. Election of Directors Fortis shareholders elected the following 12 individuals to the Board to serve until the next Annual Meeting of Shareholders or until their successors are elected or appointed: Nominee # Votes For % Votes For # Votes...

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Eagle Bancorp to Attend the 26th Annual D.A. Davidson Financial Institutions Conference

BETHESDA, Md., May 02, 2024 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc., (the “Company”) (NASDAQ: EGBN), the parent company of EagleBank, today announced that Eric R. Newell, Executive Vice President and Chief Financial Officer of the Company, will attend the 26th Annual D.A. Davidson Financial Institutions Conference on May 8-10, 2024, at the Broadmoor in Colorado. Investor information can be accessed at Eagle Bancorp’s Investor Relations website at https://ir.eaglebankcorp.com. About Eagle Bancorp: The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through twelve banking offices and four lending offices located in Suburban Maryland, Washington, D.C. and Northern Virginia. The Company focuses on building relationships with businesses, professionals...

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Goodness Growth Holdings Announces Filing of Application for Summary Determination in Litigation with Verano

– Filing reflects Company’s belief that Verano’s defense against claims of unlawful conduct is without merit – – Legal filing represents a documentary record and corresponding damages analysis – MINNEAPOLIS, May 02, 2024 (GLOBE NEWSWIRE) — Goodness Growth Holdings, Inc. (“Goodness Growth” or the “Company”) (CSE: GDNS; OTCQX: GDNSF), today announced that it has filed an application with the Supreme Court of British Columbia for summary determination in its ongoing litigation with Verano Holdings, Inc. (“Verano”) related to Verano’s wrongful termination of the share exchange agreement (the “Arrangement Agreement”) between the parties pursuant to which Verano agreed to acquire all of the outstanding capital stock of Goodness Growth in a transaction announced on February 1, 2022. The application filing for summary determination is...

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Clearday Announces Board Resignation of Jeff Coleman with Warm Wishes for His Future Success

San Antonio, TX, May 02, 2024 (GLOBE NEWSWIRE) — Clearday (OTCQX CLRD), a healthcare services company focused on bringing innovative products and services to the senior care industry, would like to thank Jeffrey Coleman for his services as a Board Member to Clearday since its merger back in September 2021. James Walesa, CEO and Founder of Clearday, said, “Jeff has been a staunch supporter of the cause of innovating Senior Care for years. He has brought wisdom and experience to our Board over the last three (3) years. We know Jeff will be an asset to his next company. We wish him well in his new endeavors and feel confident that he will be met with great success.” Clearday seeks to add one more director to help support the announced Business Combination with Viveon Healthcare Acquisition Corp (OTC : VHAQ). We believe the individual...

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Three-month interim report (Q1) 2024 (unaudited) 

Company release No. 11/2024 ALK delivers 10% organic revenue growth with operating profit up 41% in Q1 and upgrades outlookThe growth in ALK’s overall sales was primarily driven by the European tablet sales, which were boosted by the inflow of new patients and improved pricing. Sales outside Europe had a soft start to the year, partly due to temporary sales fluctuations and phasing of product shipments to International markets. Outlook for full-year revenue growth now expected at 10-13% (previously 9-12%). Performance highlights Comparative figures for Q1 2023 are shown in brackets. Revenue growth rates are stated in local currencies, unless otherwise indicated. Total revenue increased by 10% in local currencies to DKK 1,351 million (1,234). Tablet sales increased by 22% to DKK 706 million (581) on 28% growth in Europe, 20% growth...

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