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Day: July 12, 2024

Better Choice Company Announces NYSE Acceptance of Plan to Regain Listing Compliance

NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) — Better Choice Company, Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, announced today that it received a notice on July 9, 2024 from the NYSE American LLC (the “NYSE American”), stating acceptance of the Company’s plan to regain compliance with Sections 1003(a)(i) and (ii) of the Company Guide. The Company’s listing is being continued pursuant to an extension with a targeted completion date of October 24, 2025 (the “Plan Period”). In the notice letter, NYSE American also notified the Company that it was not in compliance with Section 1003(a)(i) of the Company Guide as it reported stockholders’ equity of $1.1 million as of March 31, 2024 and had losses from continuing operations and/or net losses in three out of its four most...

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Elcora Announces Possible Late Filing of Annual Financial Statements and Management Cease Trade Order

HALIFAX, Nova Scotia, July 12, 2024 (GLOBE NEWSWIRE) — ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the “Company” or “Elcora”), announces today that, as a result of delays to its audit, the Company’s annual financial statements and accompanying management’s discussion and analysis for the fiscal year ended March 31, 2024 (the “Annual Filings”) may not be finalized by July 29, 2024, being the date that such filings are due under applicable Canadian securities law requirements. Accordingly, the Company will apply to the Nova Scotia Securities Commission for a management cease trade order (the “MCTO”). The Company’s inability to finalize its Annual Filings on time is due to additional time being required to audit transactions carried out by the Company’s subsidiary...

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BlackRock® Canada Announces Canada Unit Splits for Certain iShares ETFs

TORONTO, July 12, 2024 (GLOBE NEWSWIRE) — BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK) today announced upcoming unit splits of the iShares NASDAQ 100 Index ETF (CAD-Hedged) (“XQQ”), iShares Core S&P 500 Index ETF (“XUS”) and iShares S&P/TSX Capped Consumer Staples Index ETF (“XST”) (collectively, the “iShares ETFs”), each of which are listed on the Toronto Stock Exchange (“TSX”). Each unit split will be payable on August 8, 2024 (the “Payment Date”), to Unitholders of record of the applicable iShares ETF on August 7, 2024 (the “Record Date”). The units of each iShares ETF will trade on a “due bill” basis, as described below, at the opening of the TSX on August 7, 2024 to August 8, 2024, inclusive (the “due bill period”). Each...

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Universal Security Instruments Announces its Fourth-Quarter and Year-End Results

OWINGS MILLS, Md., July 12, 2024 (GLOBE NEWSWIRE) — Universal Security Instruments, Inc. (NYSE Amex: UUU) today announced its financial results for the fourth quarter and its fiscal year ended March 31, 2024. The Company reported:For the fourth quarter ended March 31, 2024, sales decreased $1,096,298 (18.5%) to $4,831,469 from $5,927,767 from the comparable period last year. The Company reported a net loss of $476,671, or $0.21 per basic and diluted share compared to net income of $284,635, or $0.12 per basic and diluted share for the comparable period of the previous year. For the twelve months ended March 31, 2024, sales decreased $2,276,200 (10.3%) to $19,902,673 versus $22,178,873 for the fiscal year ended March 31, 2023. The Company reported a net loss of $395,790, or $0.17 per basic and diluted share, versus net income...

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First Commonwealth to Host Second Quarter 2024 Earnings Conference Call on Wednesday, July 24, 2024

INDIANA, Pa., July 12, 2024 (GLOBE NEWSWIRE) — First Commonwealth Financial Corporation (NYSE: FCF) announced today that it will host a conference call on Wednesday, July 24, 2024 at 2:00 p.m. Eastern Time to discuss financial results for the quarter ended June 30, 2024. The call will be hosted by T. Michael Price, President and Chief Executive Officer. He will be joined by James R. Reske, Executive Vice President and Chief Financial Officer, Jane Grebenc, Executive Vice President and Chief Revenue Officer and Brian G. Karrip, Executive Vice President and Chief Credit Officer. First Commonwealth will issue a press release reporting its Second Quarter 2024 financial results after the market closes on Tuesday, July 23, 2024. Conference Call InformationWhat:         First Commonwealth Financial Corporation  Second Quarter 2024...

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CHAR Tech Announces Appointment of Chief Development Officer Anton Szpitalak, Senior Leadership Changes, and Loan Agreement

TORONTO, July 12, 2024 (GLOBE NEWSWIRE) — CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES), a recognized leader in sustainable bioenergy solutions, announces the following corporate developments: Anton Szpitalak, co-founder of Pan Asia Solar and Board of Director member of CHAR Tech, has been appointed CHAR Tech’s new Chief Development Officer. Anton is co-founder and president at Pan Asia Solar, a cleantech investment platform focused on disruptive decarbonisation technologies. Pan Asia and its investors have invested more than $100M in VC-stage companies globally. Sectors include photovoltaic manufacturing, energy generation, software development and sustainability construction. Mr. Szpitalak is a member of the Board of Directors of Silfab Solar Inc. (www.silfabsolar.com), a North American leader in photo-voltaic...

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Pactiv Evergreen Inc. Announces Definitive Agreement to Sell Pine Bluff Paper Mill and Waynesville Extrusion Facility to Suzano SA

Concludes Strategic Alternatives Review LAKE FOREST, Ill., July 12, 2024 (GLOBE NEWSWIRE) — Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”) today announced that it has signed a definitive agreement (the “Agreement”) to sell its Pine Bluff, Arkansas, paper mill (“Pine Bluff”) and Waynesville, North Carolina, extrusion facility (“Waynesville”), to global paper and pulp producer Suzano S.A. (“Suzano”) for $110 million in cash (the “Transaction”), subject to customary adjustments for closing amounts such as working capital. Suzano has agreed to offer employment to current employees at Pine Bluff and Waynesville. Pine Bluff produces liquid packaging board and cupstock used to make fresh beverage cartons, paper cups and other fiber-based food and beverage packaging. Waynesville provides incremental extrusion...

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Meritage Reports Second Quarter 2024 Results; Continued Earnings Growth Ahead

GRAND RAPIDS, Mich., July 12, 2024 (GLOBE NEWSWIRE) — Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation’s premier franchise operator, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 HighlightsSales were $172.4 million compared to $176.6 million for the same period last year. Earnings from Operations were $7.1 million compared to $8.9 million for the same period last year. Net Earnings were $3.4 million compared to $5.9 million for the same period last year. Consolidated EBITDA (a non-GAAP measure) was $12.9 million compared to $15.6 million for the same period last year.“Sales improved in the latter half of the quarter as our Wendy’s value offerings and new product offerings helped offset a promotional retail environment. During the first six months of the year our...

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Dorman Products, Inc. Announces Date to Report Second Quarter 2024 Financial Results

COLMAR, Pa., July 12, 2024 (GLOBE NEWSWIRE) — Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM) today announced the Company will report its financial results for the second quarter ended June 29, 2024 after the closing of the Nasdaq Stock Market on August 1, 2024. The Company also announced that it is scheduled to conduct a conference call and webcast of its second quarter 2024 financial results on August 2, 2024 at 8 a.m. ET. The conference call can be accessed by dialing (888) 440-4182 within the U.S. or +1 (646) 960-0653 outside the U.S. When prompted, enter the conference ID number 1698878. A live audio webcast along with the accompanying presentation materials can be accessed on the Company’s website at investors.dormanproducts.com under the subheading “Events.” A replay of the webcast will be available on the...

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Teknova Announces Closing of $15.4 Million Private Placement

HOLLISTER, Calif., July 12, 2024 (GLOBE NEWSWIRE) — Alpha Teknova, Inc. (“Teknova”) (Nasdaq: TKNO), a leading producer of critical reagents for the discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics, today announced the closing of its previously announced private placement for the issuance and sale of an aggregate of 12,385,883 shares of its common stock at a purchase price of $1.24 per share. The private placement was priced based on the Nasdaq Official Closing Price of Teknova’s common stock on July 11, 2024. The gross proceeds to Teknova from the private placement are approximately $15.4 million, before deducting offering expenses payable by Teknova. Teknova currently intends to use the net proceeds from the private placement for general corporate purposes. The offer and sale...

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