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Month: September 2024

UPDATE – Leading PACE Provider InnovAge Selected to Participate in National Study Focused on Preventing Falls by Seniors

New LeaHD Study Advances as Industry Observes National PACE Awareness Month & Falls Prevention Month DENVER, Sept. 16, 2024 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), please note that in the fifth paragraph of the release, the title for Dr. Ann Wells has been corrected to Chief Quality and Population Health Officer of InnovAge. The updated release follows: InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), a leading Program of All-inclusive Care for the Elderly (PACE) provider, has been selected as a research partner for a national study exploring how to prevent falls by seniors. This September’s National PACE Awareness Month and Falls Prevention Month observances emphasize the impact of this timely and critical work aimed at reducing...

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IDEX Biometrics ASA: Private placement of NOK 70 million successfully placed

NOTENOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. PRIVATE PLACEMENT PLACEDReference is made to the press release from IDEX Biometrics ASA (“IDEX” or the “Company”) published earlier today, 16 September 2024, regarding a contemplated private placement of new shares to raise gross proceeds of NOK 55-65 million (the “Private Placement”). The Private Placement has been successfully placed and attracted strong interest and was significantly oversubscribed. The Private Placement will raise gross proceeds to the Company of...

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Partners Value Split Corp. to Redeem Its Class AA Preferred Shares, Series 8

TORONTO, Sept. 16, 2024 (GLOBE NEWSWIRE) — Partners Value Split Corp. (the “Company”) announced today its intention to redeem all 4,023,763 of its outstanding Class AA Preferred Shares, Series 8 (“Preferred Shares, Series 8”) for cash on September 30, 2024 (the “Redemption Date”) in accordance with the terms of the Preferred Shares, Series 8. The redemption price per Preferred Share, Series 8 will be equal to C$25.00 per share plus accrued and unpaid dividends of C$0.10 per share to September 30, 2024 representing a total redemption price of C$25.10 per share (the “Redemption Price”). Notice will be delivered to holders of the Preferred Shares, Series 8 in accordance with the terms of the Preferred Shares, Series 8. From and after the Redemption Date, the Preferred Shares, Series 8 will cease to be entitled to dividends or any...

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ArrowMark Financial Corp. Announces Q2 2024 Results and Cash Distribution of $0.45 per Share for the Third Quarter 2024

DENVER, Sept. 16, 2024 (GLOBE NEWSWIRE) — ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial” or the “Fund”), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a cash distribution of $0.45 per share for the third quarter 2024. The distribution of $0.45 per share will be payable on September 30, 2024 to shareholders of record on September 26, 2024. “We are very pleased to announce net income for Q2 2024 was $0.70 per share, well in excess of the quarterly distribution amount of $0.45 per share. Through June 30th, collateral underlying the Fund’s holdings outperformed aggregate expectations formed through our initial due diligence of each investment. The Fund remains committed to delivering consistent returns for its shareholders and maintaining...

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Availability of the adjusted draft accelerated safeguard plan

Press release Availability of the adjusted draft accelerated safeguard plan Paris, France – September 16, 2024. As indicated in the September 6, 2024 press release, the shareholders of Atos SE (the “Company”) and the affected financial creditors, meeting as classes of affected parties, have been convened to vote on the draft accelerated safeguard plan submitted to them, under the conditions indicated in this press release. The Company today informs all the affected parties of the availability online of an adjusted version of its draft accelerated safeguard plan. This draft has been prepared by the Company with the assistance of the judicial administrators. All the classes of affected parties are invited to vote on this draft accelerated safeguard plan1. This adjusted version of the draft accelerated safeguard plan essentially allows...

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IHT Q2 HOTEL RECORD REVENUES CONTINUE

Phoenix, AZ, Sept. 16, 2024 (GLOBE NEWSWIRE) — InnSuites Hospitality Trust (NYSE American: IHT) reported a continuation of Hotel Revenue record levels in the First Half of Fiscal 2025, (February 1, 2024, to July 31, 2024), with Total Revenue increasing to an approximately $4.1 million record level. Consolidated Net Income before non-cash depreciation expense was $14,693 for the 2025 Fiscal First Half ended July 31, 2024 (February 1, 2024, through July 31, 2024). IHT hotel operations were strong in the Fiscal Year ended January 31, 2024, and the 2025 Fiscal First Half, continuing into August, of the current Fiscal Year. Combined Revenue has led to a record $4,660,134 for the first seven Fiscal Months of Fiscal Year 2025. The Combined Average Daily Rate (ADR) has increased 4.03% for Fiscal First Half (February 1, 2024, to July 31,...

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Ocean Power Technologies, Inc. Announces First Quarter Fiscal 2025 Results

Operating expenses decrease by 39%, reducing operating loss and lower cash burn as OPT achieves further progress on its Path to Profitability. The Company’s pipeline continues to grow, reflecting an increase in defense and security activity as well as an expansion of commercial opportunities MONROE TOWNSHIP, N.J., Sept. 16, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), today announced financial results for its fiscal first quarter ended July 31, 2024 (“Q125”), which included year over year reductions in operating expenses, operating loss, and cash burn. Recent Financial and Operational Highlights: Operating expenses of $4.9 million for Q125 decreased 39% as compared to operating expenses of $8.1 million for the same period in the prior year (“Q124”)...

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The Tile Shop and Morris & Co. Expand Collaboration With Exclusive New Tile Designs

“St. James” and “Hawkdale Willow Olive” available now online and at The Tile Shop’s 140+ U.S. locations. MINNEAPOLIS, Sept. 16, 2024 (GLOBE NEWSWIRE) — Fans of the British heritage brand Morris & Co., the original company founded by William Morris, will soon have even more ways to incorporate its famed Arts & Crafts designs into their homes with the latest additions to the Morris & Co. Tile collection, an exclusive collaboration with The Tile Shop (NASDAQ: TTSH). The specialty retailer of natural stone and man-made tiles began offering Morris & Co. Tile in 2021. During that time, Morris & Co. Tile has continued to resonate with The Tile Shop’s customers, and today the collection includes the retailer’s top-selling patterned tile, Pure Net. The newest pieces offer interpretations of two of William Morris’s...

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Farmers & Merchants Bancorp (FMCB) Authorizes a New $55 Million Share Repurchase Program

LODI, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants Bank of Central California (the “Bank” or “F&M Bank”), announced that, effective immediately, the Company has authorized a new $55.0 million share repurchase program through December 31, 2026. The existing $25.0 million share repurchase program approved in November 2023 has been terminated. The Company has utilized a share repurchase program for many years. Since January 2021 the Company has repurchased 51,596 shares or approximately 6.5% of the shares outstanding through September 10, 2024. Repurchases are made at market prices through open market purchases, trading plans established in accordance with SEC rules and privately negotiated transactions. Kent...

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FTSI and 21st Century AEYE Announce Strategic Merger

Joining Forces to Strengthen Core Business and Pioneer Security InnovationsFTSI and 21st Century AEYE Announce Strategic MergerFrom left to right: Said Bilani, Susan Napier, and Brannon CastleberryMONROVIA, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) — FTSI, a leader in technology solutions for financial institutions, proudly announces its strategic merger with 21st Century AEYE, a cutting-edge fintech focused on AI-driven innovation. This transformative partnership enhances both companies’ capabilities, combining FTSI’s trusted expertise in banking technology and security with 21st Century’s revolutionary AI solutions. The merged company will continue to operate under the FTSI name, upholding the high standards of service and innovation that customers have come to expect. Through this merger, FTSI will strengthen...

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