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Month: July 2024

Teknova Announces $15.4 Million Private Placement

HOLLISTER, Calif., July 11, 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 that it has entered into a definitive agreement for the issuance and sale of an aggregate 12,385,883 of its shares of common stock in a private placement 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 private placement is expected to close on or about July 12, 2024, subject to the satisfaction of customary closing conditions. The gross proceeds to Teknova from the private placement are expected to be approximately $15.4 million, before deducting offering...

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Hexagon Purus secures up to CAD 8.5 million in funding from Canadian authorities to further develop its leading battery electric vehicle technology

Hexagon Purus has secured up to CAD 8.5 million from The Commercial Vehicle Innovation Challenge (CVIC) in British Columbia, Canada. The funds will support labor and capital expenditure to further develop its leading battery electric vehicle technology for the Tern RC8. The grant is launched under CleanBC Go Electric’s Advanced Research and Commercialization (ARC) program which aims to support growth in BC’s zero-emission vehicles industry and to create jobs. The funding, subject to certain milestone criteria being met, will be used at Hexagon Purus’ facility in Kelowna for the Tern RC8, a groundbreaking battery electric Class 8 truck tailored for the North American market. The truck will be exclusively distributed by Hino Motors, and the distribution agreement foresees up to 10,000 trucks to be delivered by 2030. The project is expected...

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LuxUrban Hotels Announces Pricing of Public Offering of Securities

MIAMI, July 11, 2024 (GLOBE NEWSWIRE) — LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced the pricing of its previously announced public offering of 30,000,000 shares of common stock at a price of $0.17 per share. The underwriters also were granted an over-allotment option for up to 4,500,000 additional shares of common stock. Alexander Capital, L.P. is acting as sole book-running manager for the offering. The offering is expected to close on or about July 15, 2024, subject to the satisfaction of customary closing conditions. The gross proceeds from the offering, before deducting the underwriters’...

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Velan Inc. Reports First Quarter Results for Fiscal 2025

Strong sales, margin and profitability gains year-over-year combined with growing order backlog¹ MONTREAL, July 11, 2024 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today financial results for its first quarter ended May 31, 2024. All amounts are expressed in U.S. dollars unless indicated otherwise. FIRST-QUARTER HIGHLIGHTS AND RECENT EVENTSOrder backlog of $528.3 million, up $36.8 million from the beginning of the year. Bookings1 of $109.8 million compared to $91.8 million in the first quarter of fiscal 2024. Book-to-bill ratio1 of 1.42 versus 1.36 in the same period last year. Sales of $77.5 million, up 14.5% from $67.7 million in the first quarter of fiscal 2024. Gross profit of $23.8 million, or 30.7% of sales, versus $15.1 million, or 22.2%...

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Alaska Energy Metals Announces Closing of Side Car Unit Offering

Not for distribution to United States newswire services or for release publication, distribution, or dissemination, directly or indirectly, in whole or in part, in or into the United States. VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) — Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce the closing of the previously announced side car offering of 2,275,000 units (the “Units”) of the Company issued at the price of $0.15 per Unit for gross proceeds of $341,250 (the “Offering”). Each Unit consists of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Share at a price of $0.20 per Share for a period of three years following the date of issue. The Company...

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FS Bancorp, Inc. Announces Increase in its Cash Dividend and Authorizes Additional Share Repurchases

MOUNTLAKE TERRACE, Wash., July 11, 2024 (GLOBE NEWSWIRE) — FS Bancorp, Inc. (NASDAQ: FSBW) (“Company”), the holding company for 1st Security Bank of Washington (“Bank”) announced that the Company’s Board of Directors authorized an increase in the quarterly cash dividend to $0.27 per quarter from $0.26 per quarter, a 3.8% increase. Joe Adams, the CEO of the Company stated, “We are pleased that the Board approved our forty-sixth consecutive quarterly cash dividend. The cash dividend will be paid on August 21, 2024 to shareholders of record as of August 7, 2024.” In addition, the Company’s Board of Directors authorized an additional repurchase of up to $5.0 million in shares of the Company’s outstanding shares of common stock in the open market, in privately negotiated transactions or shares withheld upon the exercise of equity awards...

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Landsea Homes Schedules Second Quarter 2024 Earnings Release and Conference Call

DALLAS, July 11, 2024 (GLOBE NEWSWIRE) — Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the second quarter of 2024 before the market opens on Thursday, August 1, 2024. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session. Conference Call Details:Date: Thursday, August 1, 2024Time: 10:00 AM Eastern TimeToll-free dial-in number: 800-274-8461International dial-in number: 203-518-9814 Replay Details:Toll-free replay number: 844-512-2921International replay number: 412-317-6671Replay ID: 11156580 The conference call will also be broadcast live and available for replay in the Investors section of the Landsea Homes website at https://ir.landseahomes.com/. About Landsea Homes CorporationLandsea...

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Annexon to Present Additional Phase 2 Data Showing Preservation of Visual Function and Structure by ANX007 in Geographic Atrophy at the 42nd ASRS Annual Scientific Meeting

Protective Effects of ANX007 on Visual Acuity and Vision Related Anatomical Measures in the Central Macula Will be Presented as a Late-Breaking Oral Presentation Topline Phase 2 ARCHER Trial Results Will be Discussed as an Oral Presentation BRISBANE, Calif., July 11, 2024 (GLOBE NEWSWIRE) — Annexon, Inc. (Nasdaq: ANNX), a biopharmaceutical company advancing novel therapies for neuroinflammatory diseases of the body, brain, and eye, today announced the Company will have two presentations at the American Society of Retina Specialists (ASRS) Annual Scientific Meeting being held July 17-20, 2024 in Stockholm, Sweden. Details of the presentations are as follows: Late Breaking Oral Presentation: “Protective Effects of ANX007 on Central Macular Ellipsoid Zone (EZ) and Retinal Pigment Epithelium (RPE) and Association with Visual Acuity...

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ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of June 2024

DENVER, July 11, 2024 (GLOBE NEWSWIRE) — ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial”), today announced that BANX’s estimated and unaudited Net Asset Value (“NAV”) as of June 30, 2024, was $21.58. This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended June 30, 2024. About ArrowMark Financial Corp. ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the symbol “BANX.” Its investment objective is to provide shareholders with current income. BANX pursues its objective by investing primarily in regulatory capital securities of financial institutions. BANX is managed by ArrowMark Asset Management, LLC. To learn more, visit ir.arrowmarkfinancialcorp.com, or contact Destra at...

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