GlobeNewswire - Restructuring , Recapitalization

POCML 5 and Collective Mining Close First Tranche of $15 Million Subscription Receipt Financing and Enter into Definitive Agreement to Complete Qualifying Transaction

Fri, 26 Feb 2021 22:13 GMT

TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- POCML 5 Inc. (TSXV: PCML.P) (the “Company” or “POCML5”) is pleased to announced that, further to its news releases dated November 30, 2020 and January 21, 2021 announcing the proposed business combination whereby POCML5 will acquire 100% of the issued and outstanding securities of Collective Mining Inc. (“Collective”), with such transaction constituting the “Qualifying Transaction” of POCML5 under the policies of the TSX Venture Exchange (“TSXV”) (the “Proposed Transaction”), each of POCML5 and Collective have completed tranche one of their previously announced non-brokered private placements to raise aggregate gross proceeds of $14,000,000 through the sale of: (i) 12,775,000 subscription receipts of Collective (the “Collective Subscription Receipts”) at an issue price of $1.00 per Collective Subscription Receipt for gross proceeds of $12,775,000; and (ii) 4,900,000 subscription receipts of POCML5 (the “POCML5 Subscription Receipts”, and together with the Collective Subscription Receipts, the “Subscription Receipts”) at an issue price of $1.00 (on a post-Consolidation (as such term is defined below) basis) per POCML5 Subscription Receipt for gross proceeds of $1,225,000 (collectively, the “Offering”). An additional 1,000,000 Collective Subscription Receipts are expected to be issued by Collective in mid-March as part of the second and final tranche of the Offering resulting in aggregate gross proceeds raised in the Offering of $15 million.

Atlas Technical Consultants Announces Significant Recapitalization and Simplification of Its Capital Structure

Fri, 26 Feb 2021 11:30 GMT

- Expands Borrowing Capacity and Significantly Increases Liquidity -
- Lowers Cost of Capital and Extends Debt Maturities –
- Redeems in Full the Company’s Series A Senior Preferred Units at Par -

Kite Realty Group Trust Announces New Share Repurchase Program

Tue, 23 Feb 2021 22:15 GMT

INDIANAPOLIS, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that the Company’s Board of Trustees has authorized a new $150 million share repurchase program, which runs through February 28, 2022 unless otherwise extended by the Board of Trustees.

PerimeterX Raises $57M in Growth Capital Funding to Fuel Expansion Into New Geographies and Verticals

Tue, 23 Feb 2021 13:00 GMT

50 New Customer Wins Propel Revenue Milestones and Record Year

50 New Customer Wins Propel Revenue Milestones and Record Year

Professional Diversity Network, Inc. Announces Major Shift in Business Strategy for the International Association of Women Business Unit

Mon, 22 Feb 2021 13:20 GMT

CHICAGO, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN), (“PDN” or the “Company”), a developer and operator of online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse individuals, announces a strategic shift in the underlying business model for the International Association of Women (“IAW”), a business unit of the Company.

Digerati Technologies Eliminates Derivative Liability Associated with its Convertible Debt

Fri, 19 Feb 2021 14:00 GMT

SAN ANTONIO, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Digerati Technologies, Inc. (OTCQB: DTGI) ("Digerati" or the "Company"), a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the small to medium-sized business (“SMB”) market, is pleased to announce that it has eliminated its entire derivative liability associated with the Company’s convertible notes.

Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. Announce Board Approval of Reorganization

Thu, 18 Feb 2021 21:15 GMT

NEW YORK, Feb. 18, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) and Apollo Tactical Income Fund Inc. (NYSE: AIF) (the “Funds”) announced today that they have approved the reorganization of AFT with and into AIF, with AIF continuing as the surviving Fund (the “Reorganization”).

L.B. Foster Realigns Business Structure for Future Growth Strategies

Tue, 16 Feb 2021 21:00 GMT

PITTSBURGH, PA, Feb. 16, 2021 (GLOBE NEWSWIRE) -- L.B. Foster Company (the “Company”) (NASDAQ: FSTR), today announced several changes to its global business segment reporting structure. The Company’s recent moves are designed to consolidate and better align the organization with future growth strategies.

Willis Towers Watson enhances its human capital data science capabilities globally with the addition of the Jobable team

Tue, 16 Feb 2021 07:00 GMT

LONDON, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, today announced a group hire of the entire team from Jobable, a Hong Kong-based human capital analytics and software company.?

Pandemic Continues to Bring Increases to Chapter 11 Filings, Q4 Highlights

Mon, 15 Feb 2021 20:15 GMT

COVID-19 Brings Highest Chapter 11 Index Since Q1 of 2011

COVID-19 Brings Highest Chapter 11 Index Since Q1 of 2011

Xebec Announces Organizational Changes

Fri, 12 Feb 2021 13:50 GMT

MONTREAL, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSX: XBC) (“Xebec” or the “Corporation”), a global provider of clean energy solutions for renewable and low carbon gases, today announced that effective immediately, Mr. Marinus Van Driel, who joined Xebec through its recent acquisition of HyGear, has been appointed to lead Xebec’s global hydrogen operations as the new President for the Global Hydrogen Group, in addition to his role as President for Xebec Europe. This is the first appointment in a series of planned management changes and appointments, as the Corporation reorganizes to allow for future growth.

Xebec annonce des changements organisationnels

Fri, 12 Feb 2021 13:50 GMT

MONTRÉAL, 12 févr. 2021 (GLOBE NEWSWIRE) -- Xebec Adsorption?Inc. (TSX?:?XBC) (??Xebec?? ou la???Société??), un fournisseur mondial de solutions d'énergie propre pour les gaz renouvelables et à faible teneur en carbone, a annoncé aujourd’hui qu’avec prise d’effet immédiate, M.?Marinus Van Driel, qui s’est joint à Xebec dans le cadre de sa récente acquisition de Hygear, est maintenant chargé des activités liées à l’hydrogène de Xebec à l’échelle mondiale à titre de nouveau président, groupe mondial de l’hydrogène de la Société, en plus d’exercer les fonctions de président, Europe. Il s’agit de la première nomination à la direction prévue et d’autres suivront à court terme, puisque la Société se réorganise pour permettre sa croissance future.

Guggenheim Provides Debt Facilities to Support the Recapitalization of ALLO Communications in Partnership with SDC Capital Partners

Mon, 08 Feb 2021 19:00 GMT

NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, announced today it has provided, on behalf of its clients, debt facilities to support the recapitalization of ALLO Communications (“ALLO”), a portfolio company of leading global digital infrastructure investor, SDC Capital Partners, LLC (“SDC”).

Scorpio Bulkers Inc. Announces Name Change to Eneti Inc. to be Effective February 8, 2021

Thu, 04 Feb 2021 13:30 GMT

MONACO, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced today that the Company’s shareholders approved the change of the Company’s name to “Eneti Inc.” at the Company’s special meeting of shareholders held on February 3, 2021. The name change reflects the Company’s previously announced transition to a sustainable future. The change of name will take effect, and the Company’s common shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “NETI”, on February 8, 2021. The CUSIP number of Y2294C 107 will be assigned to the Company’s common shares when the change of name becomes effective.

G2 Goldfields Announces Proposed Spin-Out of Sandy Lake Project

Wed, 03 Feb 2021 11:00 GMT

TORONTO, Feb. 03, 2021 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV:GTWO; OTCQX:GUYGF) is pleased to announce its intention to transfer its ownership and rights in the Sandy Lake property (the “Sandy Lake Project”) into a wholly-owned subsidiary of G2, S2 Minerals Inc. (“S2”), and spin-out all of the securities of S2 to the Company’s shareholders on a pro rata basis, through a Plan of Arrangement under the Canada Business Corporations Act (the “Arrangement”). Pursuant to the Arrangement, S2 will also issue rights (“S2 Rights”) to the holders (the “S2 Shareholders”) of the common shares of S2 (“S2 Shares”) to raise gross proceeds of approximately C$1.2 million (the “Rights Offering”).

Nabis Holdings Inc. Provides Clarification Regarding Recapitalization

Thu, 28 Jan 2021 19:20 GMT

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Werner Enterprises Announces Sale of Werner Global Logistics to Scan Global Logistics Group

Wed, 27 Jan 2021 21:05 GMT

OMAHA, Neb., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Werner Enterprises , Inc. (NASDAQ: WERN) (“Werner”), one of the nation’s largest transportation and logistics companies, announced the sale of its Werner Global Logistics (“WGL”) freight forwarding services for international ocean and air shipments to Scan Global Logistics Group (“SGL”). Werner Logistics will continue to provide North American truck brokerage, freight management, intermodal and final mile services. Werner also entered into an agreement with SGL to offer comprehensive international logistics solutions to its existing and future North American customers. WGL provides services to customers with international freight forwarding operations primarily in the United States, China and Mexico.

KemPharm Receives FDA Clearance to Initiate KP879 Clinical Program for the Treatment of Stimulant Use Disorder

Wed, 27 Jan 2021 13:30 GMT

Financial Restructuring and Nasdaq Re-Listing Process Completed

Nabis Holdings Inc. Completes Recapitalization

Wed, 27 Jan 2021 00:23 GMT

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Angus Mining Inc. Changes Name to Waverley Resources Ltd., Completes Share Consolidation and Private Placement

Mon, 25 Jan 2021 23:17 GMT

TORONTO, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Waverley Resources Ltd. (“Waverley” or the “Corporation”) is pleased to announce that it has changed its name from Angus Mining Inc. to Waverley Resources Inc, successfully completed a consolidation of its issued and outstanding common shares on a 10-for-1 basis, and issued 31,250,000 common shares of the Corporation (on a post-consolidation basis) pursuant to a private placement for total gross proceeds to the Corporation of $312,500. The foregoing matters were previously approved by shareholders of the Corporation at an annual and special meeting held on December 21, 2020 (the “Meeting”).