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Day: October 10, 2024

Berry and Glatfelter Announce Pricing of Upsized Senior Secured Notes Offering by Berry Subsidiary in Connection with Proposed Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

Notes to be Assumed by Magnera at Closing of the Transaction EVANSVILLE, Ind. and CHARLOTTE, N.C., Oct. 10, 2024 (GLOBE NEWSWIRE) — Berry Global Group, Inc. (NYSE:BERY) (“Berry”) and Glatfelter Corporation (NYSE:GLT) (“Glatfelter”) announced today that Treasure Escrow Corporation (the “Issuer”), currently an indirect, wholly owned subsidiary of Berry, priced and upsized its previously announced offering to $800 million aggregate principle amount of its senior secured notes due 2031 (the “Notes”). The Notes are being offered by the Issuer in connection with the previously announced merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter, in a Reverse Morris Trust transaction (the “Transaction”). In connection with the closing of the Transaction, the combined company will be renamed Magnera...

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Upstream Bio Announces Pricing of Upsized Initial Public Offering

WALTHAM, Mass., Oct. 10, 2024 (GLOBE NEWSWIRE) — Upstream Bio, Inc. (Nasdaq: UPB), a clinical-stage biotechnology company developing treatments for inflammatory diseases, with an initial focus on severe respiratory disorders, today announced the pricing of its upsized initial public offering of 15,000,000 shares of its common stock at a public offering price of $17.00 per share. All of the shares of common stock are being offered by Upstream. Upstream’s shares are expected to begin trading on the Nasdaq Global Market on October 11, 2024 under the ticker symbol “UPB.” The offering is expected to close on October 15, 2024, subject to the satisfaction of customary closing conditions. In addition, Upstream has granted the underwriters a 30-day option to purchase an additional 2,250,000 shares of its common stock at the public offering...

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StateHouse Announces Canadian Parent Enters Bankruptcy Proceedings in Canada following Initiation of Receivership Proceedings in the U.S.

SAN DIEGO and TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) — StateHouse Holdings Inc. (“StateHouse” or the “Company”) (CSE: STHZ) (OTCQB: STHZF), a California-focused, vertically integrated cannabis company, today announced that StateHouse has made an assignment into bankruptcy pursuant to Canada’s Bankruptcy and Insolvency Act (the “Bankruptcy Proceedings”). On September 25, 2024, Pelorus Fund REIT, LLC filed a complaint in the San Diego Superior Court seeking, among other remedies, that StateHouse and its various subsidiaries be placed into receivership (the “Receivership Proceedings”). Additionally, Pelorus Fund REIT, LLC, Pelorus Fund LOC, LLC and holders of a majority in principal amount of the Company’s 9.0% secured notes due April 2025 (collectively, the “Lenders”), provided notices to the Company that the Company is in default...

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Monarch Casino & Resort to Report 2024 Third Quarter Results After Market Close on October 23

RENO, Nev., Oct. 10, 2024 (GLOBE NEWSWIRE) — Monarch Casino & Resort, Inc. (NASDAQ: MCRI) announced today that it will release its 2024 third quarter financial results after the market closes on Wednesday, October 23, 2024. About Monarch Casino & Resort, Inc. Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa (“Monarch Black Hawk”) in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa (“Atlantis”), a hotel/casino facility in Reno, Nevada. For additional information on Monarch, visit the Company’s website at www.monarchcasino.com. Monarch Black Hawk features approximately 60,000 square feet of casino space; approximately 1,000 slot machines; 43 table games; a live poker room; keno; and a...

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CAMP4 Announces Pricing of Initial Public Offering

CAMBRIDGE, Mass., Oct. 10, 2024 (GLOBE NEWSWIRE) — CAMP4 Therapeutics Corporation (“CAMP4”) (Nasdaq: CAMP), a clinical-stage biotechnology company developing a pipeline of regulatory RNA-targeting therapeutics designed to upregulate gene expression with the goal of restoring healthy protein levels across a range of genetic diseases, today announced the pricing of its initial public offering of 6,820,000 shares of its common stock at an initial public offering price of $11.00 per share. All of the shares are being offered by CAMP4. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be approximately $75.0 million. CAMP4’s common stock is expected to begin trading on the Nasdaq Global Market on October 11, 2024, under the ticker symbol “CAMP”....

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Rising Dragon Acquisition Corp. Announces Pricing of $50 Million Initial Public Offering

SHANXI, CHINA, Oct. 10, 2024 (GLOBE NEWSWIRE) — Rising Dragon Acquisition Corp. (NASDAQ: RDAC) (the “Company”) announced today that it priced its initial public offering of 5,000,000 units at $10.00 per unit. The units are expected to be listed on the NASDAQ Capital Market (“NASDAQ”) and trade under the ticker symbol “RDACU” beginning October 11, 2024. Each unit consists of one ordinary share and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of one ordinary share upon the consummation of an initial business combination. No fractional rights will be issued upon separation of the units. As a result, ten rights are needed to receive one ordinary share at the closing of the initial business combination. Once the securities comprising the units begin separate trading,...

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Tejon Ranch Company and Dedeaux Properties Announce Joint Venture to Develop Industrial Warehouse at the Tejon Ranch Commerce Center

TEJON RANCH, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) — Tejon Ranch Company (NYSE: TRC) announced today that it has signed a joint venture agreement with Dedeaux Properties to develop and lease an approximately 510,500-square-foot, state-of-the-art industrial warehouse at the Tejon Ranch Commerce Center (TRCC). Located at the intersection of Interstate 5 and Highway 99, TRCC is a mixed-use master planned community that operates as an important logistics hub serving all of California and the western United States, driving economic growth for Kern County. As the master developer of TRCC, Tejon has realized 8.2 million square feet in industrial development with an additional 11.1 million square feet of entitled property remaining. TRCC also has 674,000 square feet of existing commercial development, including the Outlets at Tejon that...

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Velan Inc. Reports Second Quarter Results for Fiscal 2025

Solid execution on strong order backlog¹ and sustained momentum in bookings¹ driven by robust demand from clean energy markets MONTREAL, Oct. 10, 2024 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today financial results for its second quarter ended August 31, 2024. All amounts are expressed in U.S. dollars unless indicated otherwise. SECOND-QUARTER HIGHLIGHTS AND RECENT EVENTSStrong order backlog of $548.1 million, up $56.6 million since the beginning of the year; highest backlog in three years. Bookings of $116.6 million, up significantly from $71.5 million in the second quarter of fiscal 2024. Book-to-bill ratio1 of 1.18 versus 0.89 in the same period last year. Sales of $98.7 million, up 22.8% from $80.3 million in the second quarter of fiscal...

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Colabor Announces the Date of Its Third Quarter 2024 Results Conference Call

SAINT-BRUNO-DE-MONTARVILLE, Quebec, Oct. 10, 2024 (GLOBE NEWSWIRE) — Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) will release its results for the third quarter ended September 7, 2024, after market close on Thursday, October 17, 2024. A conference call to discuss these results will be held on Friday, October 18, 2024 at 9:30 a.m. (Eastern Time). Conference Call: A live broadcast of the conference call will be available on the Company’s website, in the Investors section under Events and presentations. To participate (professional investment community only) or to listen to the live conference call:Date: Friday, October 18, 2024Time: 9:30 a.m. (Eastern Time)   Conference Number: 53065North-American participants dial toll-free: 1-888-510-2154International and local dial-in: 1-437-900-0527   You...

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Prosper Gold Corp. Closes Private Placement

VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) — Prosper Gold Corp. (“Prosper Gold” or the “Company“) (TSXV:PGX) announces that it has closed its non-brokered private placement financing (the “Financing”) of units (each, a “Unit”). The Financing consisted of 5,700,000 Units at a price of $0.10 per Unit, for gross proceeds to the Company of $570,000. Each Unit consists of one common share of the Company (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.20 (the “Warrant Exercise Price”) for a period of 24 months following the closing date. In connection with the Financing, the Company paid $27,650 in cash and issued 276,500 common share purchase warrants (each, a “Broker...

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