Market Newsdesk

DENVER, April 12, 2021 /PRNewswire/ — Ibotta, the leading rewards platform in the United States, today announced a one-day collaboration with Nature’s Own, America’s leading bread brand, to celebrate National Grilled Cheese Sandwich Day. Today only, Nature’s Own is offering Ibotta Savers a free loaf of bread, while supplies last. Nature’s Own and Ibotta are also partnering to offer shoppers $0.25 off a package of cheese, giving consumers everything they need to make a classic grilled cheese sandwich without spending a lot of cheddar.

“There’s really nothing better than a grilled cheese – it will forever be the perfect comfort food,” said Bryan Leach, founder and CEO of Ibotta. “Alongside our friends at Nature’s Own, we hope Ibotta Savers enjoy the free bread on this cheesy national holiday, and put it to good use making the most delicious grilled cheese sandwiches.”

To redeem the free bread from Nature’s Own as well as the corresponding offer for $0.25 off cheese, shoppers can download the free Ibotta app and follow the instructions to add the offers. Once they’ve made their purchases, Savers simply upload a photo of their receipt to receive cash back directly in their Ibotta account – while supplies last. Savers can also download the Ibotta browser extension, link their retailer loyalty account and redeem the offers for grocery pick-up or delivery.

“Nature’s Own breads are the perfect start to any grilled cheese. That’s why we’re teaming up with Ibotta to celebrate National Grilled Cheese Day,” said Jessica Wood, Senior Brand Manager for Nature’s Own. “Our breads are not only a family favorite but also something you can feel good about serving to your loved ones.”

About Ibotta, Inc.

Headquartered in Denver, CO, Ibotta (“I bought a…”) is a free-to-use cash back rewards platform that has delivered nearly $900 million in cumulative cash rewards to its users for making purchases in-store, on mobile apps or via websites. Launched in 2012, Ibotta has more than 40 million downloads, is one of the most frequently used shopping and payments platforms in the United States, and offers cash back on purchases at more than 1,500 leading brands and retail partners. Ibotta was named to the 2020 Inc. 5000 list of fastest-growing private companies in the U.S. for the third year in a row after debuting on the list in 2018, and the company has also been named as a Top Workplace by The Denver Post three consecutive times.

About Nature’s Own

Nature’s Own is America’s best-selling bread, offering a delicious selection of fresh breads and buns made from nature’s best ingredients. Nature’s Own products have no artificial preservatives, colors, or flavors and never have since their debut in 1977. They also have no trans-fat or cholesterol per serving, contain no high fructose corn syrup, and are low in fat. Nature’s Own is owned by Flowers Foods (NYSE: FLO), one of the largest producers of fresh packaged bakery foods in the United States. Visit naturesownbread.com and flowersfoods.com.

 

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SOURCE Ibotta

LOS ANGELES, April 12, 2021 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against MoneyGram International, Inc. (“MoneyGram” or “the Company”) (NASDAQ: MGI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between June 17, 2019 and February 22, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before April 30, 2021. 

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. MoneyGram was utilizing XRP, the cryptocurrency associated with its Ripple partnership, which was considered as an unregistered and unlawful security by the SEC. If the SEC took enforcement action against Ripple, the Company was likely to lose a significant revenue stream based on market development fees it received due to the partnership. In fact, the Company’s revenue from these development fees was critical to its financial results. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about MoneyGram, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

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SOURCE The Schall Law Firm

BOISE, Idaho, April 12, 2021 /PRNewswire/ – Perpetua Resources Corp. (formerly Midas Gold Corp.) (NASDAQ: PPTA) (TSX: PPTA) (Perpetua Resources or the company) is advancing its ESG goals to further bring transparency to its Stibnite Gold Project (project) by participating in a water quality monitoring program led by local citizens. The Independent Water Monitoring Program (IWMP) is an initiative of the Stibnite Advisory Council, which represents eight local communities surrounding the proposed Stibnite Gold Project. The initiative is designed to promote accountability measures around Perpetua Resources’ existing water quality monitoring efforts and give the community access to independent information through conducting third-party data gathering and reporting. Perpetua agreed to participate in the program based upon the company’s long-standing commitment to transparency and its recognition of the important role such programs play in deepening community trust.

“We have always been committed to sharing information about our project with the community,” said Laurel Sayer, CEO of Perpetua Resources Corp. “We applaud the Stibnite Advisory Council for launching this initiative to conduct an independent program at site which will allow community representatives to participate in water monitoring and to verify the conditions facing the abandoned Stibnite Mining District today and into the future.  We are proud to continue living our values and further strengthen ourselves as a community partner and a responsible mining company.”

The Stibnite Advisory Council was formed in 2019 and was designed to give community members a voice with Perpetua Resources and an opportunity to resolve challenges and partner on opportunities directly with the company. IWMP is the Council’s largest public initiative to date.

“Having access to clean water and pristine rivers is a value all Idahoans share, and it is one the Stibnite Advisory Council feels a strong obligation to protect,” said Riggins Stibnite Advisory Council member, Bob Crump. “After community members expressed concerns over the potential impacts to water quality and a desire to see more data, we decided it was important to launch the Independent Water Monitoring Program.”

The Stibnite Advisory Council will contract with the University of Idaho’s Water Resources Research Institute to undertake the independent water quality monitoring and reporting. During the first year of the program, the Stibnite Advisory Council will test water temperature, pH levels, conductivity, and elemental presence. All the collected samples will be provided to a lab certified by the Environmental Protection Agency.

The Stibnite Advisory Council plans to monitor ground and surface water at 18 different locations throughout the site. Perpetua Resources will collect samples from these same locations, at the same time as the Stibnite Advisory Council, in order to give Idahoans two comparative data sets. The first samples are currently set to be collected this year.

Initially, monitoring will be conducted by Idaho’s Water Resources Research Institute. However, the Stibnite Advisory Council is working to expand the program to include community representatives who could also observe the sample collection and vouch for the integrity and independence of the process. Once those details are finalized, they will be announced on the Stibnite Advisory Council’s website.

Perpetua has adopted a formal ESG policy and continues to improve and advance the Company’s initiatives regarding environmental stewardship, social responsibility, and good governance. Our ESG policy, and more details about how the company puts these commitments into action, can be found here.

For more details on the program and to view the data when it becomes available, please visit www.StibniteAdvisoryCouncil.com.

Website: www.perpetuaresources.com

About Perpetua Resources and the Stibnite Gold Project
Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national defense, aerospace and technology sectors. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

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SOURCE Perpetua Resources Corp.

LOS ANGELES, April 12, 2021 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Leidos Holdings, Inc. (“Leidos” or “the Company”) (NYSE: LDOS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between May 4, 2020 and February 23, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before May 3, 2021.   

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Leidos significantly overstated the purported benefits of its acquisition of L3Harris’ Security Detection & Automation businesses. The Company’s products suffered from multiple defects, including faulty bomb detection systems installed at critical infrastructure points including airports and ports. The Company’s financial results were significantly overstated as a result. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Leidos, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com 
Office: 310-301-3335
[email protected]

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SOURCE The Schall Law Firm

NEW YORK, April 12, 2021 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a bitcoin mining company headquartered in New York with one of the highest operating hash rates (or computing power) among all US listed bitcoin miners, announced the appointment of Bryan Bullett as Chief Executive Officer and Sam Tabar as Chief Strategy Officer. Erke Huang will continue his role as Chief Financial Officer. The new appointments are expected to position the Company for continued rapid growth and access to new strategic opportunities.

Bryan Bullett, Chief Executive Officer

Mr. Bullett brings over 20 years of experience in investment banking, capital markets, financial services, financial technology and technology-related sectors. Since early 2020, Mr. Bullett has served as Managing Director for a boutique advisory firm focused on raising capital for strategies including FinTech and venture capital. Prior thereto, he served as Executive Vice President, US Head of Capital Markets for E&P Financial Group, a specialist funds manager with circa A$20 billion of assets under advice; among that firm’s strategies was one of the largest solar energy fund managers globally. Prior thereto, he was an investment banker at FBR & Co. (formerly Friedman, Billings, Ramsey); KBW; Bank of America Merrill Lynch; and Deutsche Bank Securities. Before his financial services career, Mr. Bullett was a cofounder or early employee of several technology-related companies, two of which were ultimately acquired, by Google and Viacom respectively. Mr. Bullett has been involved in blockchain, digital assets and FinTech-related projects in various capacities, including as an investor, including a decentralized finance platform that was acquired by a leading DeFi provider. Bullett also advised and originated one of the first security token projects for a Manhattan real estate asset. Mr. Bullett completed his BA at Brown University and his MBA at Columbia Business School, and holds Series 7 and Series 63 securities licenses.

Sam Tabar, Chief Strategy Officer

In his role as Chief Strategy Officer, Sam Tabar will leverage his expertise in creating and executing highly specialized strategic initiatives. Mr. Tabar has a well-known 20 year track record in financial technology, financial services and law. Prior to joining Bit Digital, Mr. Tabar served as Co-Founder and Chief Strategy Officer of Fluidity, a FinTech company that built successful Blockchain products, including the popular decentralized exchange AirSwap, which was acquired by Ethereum software developer ConsenSys. Prior to this, he was a Partner at FullCycle Fund, a private equity firm investing in solutions to the climate crisis while generating attractive returns for investors. Prior thereto, he was Head of Capital Strategy for Bank of America Merrill Lynch, and previously of Sparx Group, where he helped build a global asset management business. He started his career as an attorney at Skadden, Arps, Slate, Meagher & Flom LLP. Mr. Tabar graduated from Columbia Law School and Oxford University. He remains a member of the New York State Bar Association.

“Sam and I are excited to work with the talented team that created and scaled Bit Digital to its current industry-leading position,” said Bryan Bullett, Chief Executive Officer. “We are building a company with a differentiated business model, leveraging our position as one of the largest US listed bitcoin miners by operating hash rate, and expanding on our strengths in miner sourcing, access to power and hosting, and thoughtful deal structuring to maximize return on invested capital. In the months to come we expect to announce new strategic initiatives within the digital assets ecosystem that are expected to drive sustained and rapid growth.”

“We are excited to have joined Bit Digital. Among other initiatives, we look forward to highlighting the Company’s utilization of renewable energy, and our focus on sustainable solutions to mine bitcoin going forward. The future belongs to miners who embrace sustainability while generating attractive returns for shareholders as well as all stakeholders”, noted Sam Tabar, Chief Strategy Officer.

“By strengthening our executive team in the United States, we are more ready than ever for what is the most exciting time in our Company’s history thus far, said Chief Financial Officer Eric Huang, “We look forward to working together as we usher in the next generation of bitcoin miners.”

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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SOURCE Bit Digital, Inc.

LOS ANGELES, April 12, 2021 /PRNewswire/ — Today, Shawn ‘JAY-Z’ Carter and his cannabis brand, MONOGRAM, a part of The Parent Company (“TPCO Holding Corp.”) (NEO: GRAM.U, GRAM.WT.U) (OTCQX: GRAMF; OTC PINK: GRMWF) house of brands, launch the first installment of a three-part campaign that reimagines the iconic photos of renowned mid-century American photographer Slim Aarons through a contemporary lens. Photographer Hype Williams, known for capturing some of the most striking images of modern hip hop and culture, serves as the campaign’s present-day Aarons, bringing an inspired creativity to his role in depicting what the good life looks like today, which encompasses a lifestyle that cannabis has the right to be a part of.

In his own words, Slim Aarons’ life’s work was devoted to capturing “attractive people, doing attractive things in attractive places.” The photographs he created over four decades at the world’s finest locales have since become synonymous with mid-century luxury, beauty and leisure. MONOGRAM tapped Williams to reimagine several of these quintessential images – including “Keep Your Cool,” “Desert House Party,” “Poolside Glamour,” “Leisure and Fashion” and more – starring an updated cast of diverse personalities. The resulting imagery illustrates the dynamic, expanding landscape of modern luxury, and how it intersects with a new chapter in cannabis culture.

“The perception around cannabis has shifted a lot since the 20th century. If you were to ask me and my peers how we’d define the good life today, weed would definitely be a part of it. Whether we’re smoking to inspire creativity or to celebrate an achievement, cannabis has a rightful place in modern day culture,” said Williams. “HOV has a vision for the industry that he’s bringing to life through MONOGRAM. His focus for this campaign was to showcase how beautifully cannabis fits into the good life today, and I am honored to be a part of it.”

Shot at the stunning Frank Sinatra House in Palm Springs, MONOGRAM recreated and recast a series of Aarons’ most notable poolside vignettes, this time starring an engaging and diverse group of talent styled by High Snobiety Fashion Director Corey T. Stokes. With wardrobe playing such a critical role in the art direction of each contemporized photo, Mr. Stokes honors many of the timeless looks immortalized by Aarons’ original work, while seamlessly weaving in modern accents or pops of streetwear. By striking a harmonious balance between the two, Stokes ultimately brings each character to life within the context of today’s aspirational fashion culture. Featured personalities include ‘Best New Artist’ Grammy nominee Chika, New York-based trio of culinary experts & activists Ghetto Gastro, rapper & songwriter Curren$y, designer & stylist Aleali May, and fashion & beauty model Slick Woods. The cast of individualistic visionaries and icons of tomorrow are depicted across the campaign creative lounging on floats with MONOGRAM product in hand, basking in outdoor opulence and establishing a new good life, redefined.

New installments of the campaign will also be introduced later this the year, coinciding with the debut of “Slim Aarons: Style” – a new monograph that takes a deep dive into the fashion and style represented throughout Slim Aarons’ work. Published by Abrams and hitting shelves on September 21, 2021, “Slim Aarons: Style” features nearly 50 previously unpublished photographs pulled straight from the Slim Aarons archive in London, giving consumers a brand-new look into his legacy.

“Slim Aarons defined a lifestyle and an era, and this campaign is proof that his imagery, style and taste still resonate,” said Shawn Waldron, Curator, Getty Images and author of Slim Aarons: Style. Mr. Waldron collaborated with MONOGRAM to select imagery from the Slim Aarons archive to bring Mr. Carter’s vision to life. “Hype Williams creatively pays homage to Slim’s incredible talent while updating the setting and personalities in a truly inspired way.”

Launching just in time for 4/20, the campaign is currently on display across all major U.S. markets including New York State, which recently legalized adult use of cannabis on March 31, 2021. Billboards and sprawling wallscapes featuring the photography can be found throughout well-traveled areas of New York City – from Times Square to SoHo to Brooklyn – further underscoring this major step in helping to destigmatize cannabis and drive progress forward for the industry.   

“On the heels of legalization, seeing creative like this become a natural part of the fabric of New York City only reinforces that cannabis has a right to exist within our customs, arts and social institutions,” shared Mr. Carter. “New York’s decision to legalize is a victory for the entire industry, and I’m excited to have MONOGRAM play a role in bringing that message to life in my own backyard.”

More information on the campaign can be found at MONOGRAMCOMPANY.com, as well as on the brand’s Instagram (@MONOGRAMCOMPANY), Twitter (@MONOGRAMCOMPANY) and YouTube (MONOGRAM) channels. For a complete list of where to buy MONOGRAM, please visit monogramcompany.com/where-to-buy. The full product line is also currently available for on-demand delivery across Greater Los Angeles, Bay Area and South Bay markets via Caliva.com/Monogram.

For further information please contact:

Erin Jaffe, Nike Communications, 203.980.9657 or [email protected] 
Emma Shor, Nike Communications, 908.577.7914 or [email protected] 

ABOUT MONOGRAM
MONOGRAM is the first cannabis line introduced by Shawn ‘JAY-Z’ Carter, marking a new chapter in the space defined by dignity, care and consistency. Honoring the craft of cannabis and the artisans who have been working with the plant for millennia, the MONOGRAM team uses careful strain selection, premium flower grown in California and meticulous cultivation practices to ensure a superior smoke. Launching with four proprietary strains designated “light,” “medium” or “heavy,” MONOGRAM distinguishes each of its products with a clearly defined sensory experience. The core line includes 2g and 4g jars of flower, the Loosies Preroll Pack, and The OG Handroll – a one-of-a-kind, cigar-style handroll intended to burn slowly and evenly for multiple sessions. For more information visit www.monogramcompany.com or follow along on Instagram, @MONOGRAMCOMPANY. 

ABOUT THE PARENT COMPANY       
The Parent Company (TPCO Holding Corp.) (NEO: GRAM.U, GRAM.WT.U) (OTCQX: GRAMF; OTC PINK: GRMWF) is California’s leading vertically integrated cannabis company combining best-in-class operations with leading voices in popular culture and social impact. The Parent Company brings together global icon and entrepreneur Shawn “JAY-Z” Carter, entertainment powerhouse ROC NATION, California’s leading direct-to-consumer platform CALIVA, and leading cannabis and hemp manufacturer, LEFT COAST VENTURES, to form a cannabis industry leader for the post-prohibition era. Chief Visionary Officer Shawn “JAY-Z” Carter, one of the most recognized and celebrated entrepreneurs of our time, will guide The Parent Company’s brand strategy in partnership with Roc Nation, the world’s preeminent entertainment company with a roster of culture-making artists, athletes and influencers. The brands we build together will pave a new path forward for a legacy rooted in equity, access, and justice. For more information, please visit www.theparent.co.

ABOUT GETTY IMAGES
GETTY IMAGES, home to the world’s deepest digital archive of photography, acquired the complete Slim Aarons Collection in 1997 directly from the photographer. With over 400 million assets and counting, Getty Images is one of the most trusted and esteemed sources of visual content, serving the creative, business and media sectors worldwide. Visit Getty Images at www.gettyimages.com to learn more.

FORWARD LOOKING STATEMENTS
This press release may contain forward-looking information within the meaning of applicable securities legislation which reflects The Parent Company’s current expectations regarding future events. The words “will”, “expects”, “intends” and similar expressions are often intended to identify forward looking information, although not all forward-looking information contains these identifying words.

Specific forward-looking information contained in this press release includes, but is not limited to, statements concerning the launch of three-part Slim Aarons contemporary photography campaign and New York’s plan to legalize cannabis. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond The Parent Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: inability to obtain requisite regulatory or shareholder approvals, changes in general economic, business and political conditions, changes in applicable laws, the U.S. and Canadian regulatory landscapes and enforcement related to cannabis, changes in public opinion and perception of the cannabis industry, reliance on the expertise and judgment of senior management, as well as the factors discussed under the heading “Risk Factors” in The Parent Company’s Annual Information Form dated March 25, 2021, which is available on SEDAR at www.sedar.com. The Parent Company undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

 

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SOURCE MONOGRAM

DENVER, April 12, 2021 /PRNewswire/ — InBankshares, Corp (OTCQX: INBC) and its wholly owned subsidiary InBank, an independent commercial bank growing throughout the Colorado Front Range and serving southern Colorado and northern New Mexico markets, announce today that they have added veteran banking and finance executive, Dan Patten, as Executive Vice President and Chief Financial Officer (CFO). 

Patten has over 20 years of experience in corporate finance, strategy, mergers and acquisitions, and public and private equity and debt financings, including 15 years as a finance executive in the commercial banking industry and over nine years as a chief financial officer. Most recently, Patten held the position of Executive Vice President, Finance and Corporate Development, for Heartland Financial USA, Inc., a diversified financial services company with approximately $18 billion in assets.

“It is a great pleasure to welcome Dan to our executive leadership team as our new CFO.  Dan’s deep experience in corporate finance and M&A will add significant expertise and capacity to our team.  His tenure and strong ties to the Colorado business community will also enhance our ability to continue attracting top talent to InBank,” says Ed Francis, Chairman of the Board, President and Chief Executive Officer for InBankshares, Corp and InBank. “Dan’s talents will be extremely valuable in helping us develop strategies to enhance shareholder value and positioning the company for future growth opportunities.” 

As Executive Vice President and CFO, Patten will be responsible for all finance, accounting, treasury, corporate development and strategy functions of the companies.

“I am thrilled to be joining InBank at such an exciting time in its growth,” says Dan Patten, Executive Vice President and Chief Financial Officer for InBankshares, Corp and InBank.  “I look forward to contributing to the company and partnering with Ed, the executive leadership team and the entire company to help accelerate the momentum, expand the strategic finance function and continue to build shareholder value.”

Patten holds a Master of Business Administration with an emphasis in finance and entrepreneurship from the University of Colorado at Boulder Leeds School of Business and a Bachelor of Science in Mechanical Engineering from the University of Colorado at Boulder.

About InBankshares, Corp

InBankshares, Corp (OTCQX: INBC) is the holding company for InBank, an independent commercial bank growing throughout the Colorado Front Range and serving southern Colorado and northern New Mexico markets. InBank offers a full suite of commercial, business, personal and mortgage banking solutions with a focus on personalized service, technology and local decision-making. InBank was built on the entrepreneurial spirit and is led by a team of experienced banking professionals committed to the mission of positively impacting the lives of its customers, communities and associates. For more information, visit www.InBank.com.

Forward-Looking Statements

This press release contains, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements preceded by, followed by, or that include the words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or similar expressions. These statements are based upon the current belief and expectations of InBankshares, Corp’s management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond InBankshares, Corp’s control). Although InBankshares, Corp believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, InBankshares, Corp can give no assurance that the results contemplated in the forward-looking statements will be realized. The inclusion of this forward-looking information should not be construed as a representation by InBankshares, Corp or any person that the future events, plans, or expectations contemplated by InBankshares, Corp will be achieved.

All subsequent written and oral forward-looking statements attributable to InBankshares, Corp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. InBankshares, Corp does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.

InBank is an Equal Housing Lender and Member FDIC.

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SOURCE InBankshares, Corp

CHENGDU, China, April 12, 2021 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a strategic framework agreement with Taoyun Capital, a Beijing-based investment and asset management firm, whereby Senmiao has the right to utilize resources, including online ride-hailing platform licenses, obtained by Taoyun Capital and its affiliates in several cities across China, including but not limited to Beijing and Shanghai. Ride-hailing platforms in China are required to obtain a license for operation in each municipality.

According to the terms of the framework agreement, Senmiao and Taoyun Capital will collaborate in the development of online ride-hailing business, including but not limited to jointly developing systematic solutions for the management of vehicles, platform operation and carrying capacity, and jointly lobbying for favorable industry policies by local governments. By partnering with Taoyun Capital, Senmiao anticipates utilizing these resources to accelerate the expansion of its online ride-hailing platform into new cities.

Xi Wen, Senmiao’s Chairman and Chief Executive Officer, stated, “We look forward to working with Taoyun Capital on expanding our respective businesses through this strategic collaboration. We are pleased to be able to partner with Taoyun Capital as we eye additional expansion opportunities for our online ride-hailing platform, which has seen much success since launching in our first city of Chengdu in October 2020. We remain focused on building market share in the increasingly larger metro areas of China while targeting a launch in the largest cities as we gain market share over time.”

About Senmiao Technology Limited
Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchase and financing, management, operating lease, guarantee and other automobile transaction services as well as operates its own ride-hailing platform aimed principally at the growing ride-hailing market in Senmiao’s areas of operation in China. For more information about Senmiao, please visit: http://www.senmiaotech.com. The Company routinely provides important information on its website.

Cautionary Note Regarding Forward-Looking Statements 
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements (including those relating to the operation of Senmiao’s ride-hailing platform) are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao’s filings with the SEC, and represent Senmiao’s views only as of the date they are made and should not be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances. 

© 2021 Senmiao Technology Ltd. All rights reserved.

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SOURCE Senmiao Technology Limited

LONDON, April 12, 2021 /PRNewswire/ — Navigator Holdings Ltd. (“Navigator”) (NYSE: NVGS), today announced the signing of a non-binding Letter of Intent (the “Letter of Intent”) with Naviera Ultranav Limitada (“Ultranav”) to merge Ultragas ApS’ (“Ultragas”) fleet and business activities with Navigator. The transaction would unite two leading gas shipping companies with similar culture and mindset and is expected to enhance Navigator’s safe, reliable, energy and environmentally efficient, marine transport services. The combined fleet would total 56 vessels, which would enhance Navigator’s capability to provide flexibility and support to its customers.

It is expected that Navigator would issue approximately 21.2 million new shares of its common stock to Ultranav, and assume Ultragas’ net debt of approximately $197 million, as well as its net working capital. The combined entity would have an aggregate net asset value of approximately $1.3 billion, based primarily upon desktop appraisals by maritime brokers.

After giving effect to the proposed issuance of its new shares of common stock to Ultranav, Navigator is expected to have a total of approximately 77.1 million shares of common stock outstanding, of which Ultranav would own approximately 27.5% and BW Group would own approximately 28.4%.

David Butters, Executive Chairman of the Board of Navigator, commented: “We are delighted that the von Appen family, with its long history in global shipping, are entrusting their modern LPG fleet to Navigator. The combination will result in a LPG and petrochemical shipping company with unmatched scale and diversification. The Ultragas fleet will significantly strengthen our position in the handysized sector and provide our customers with greater flexibility in transporting smaller parcels in a cost-advantaged basis.”

Mr. Butters commented further: “We look forward to having Ultranav’s Chairman, Dag von Appen, join our Board at the time of closing of the proposed merger. Dag’s extensive experience and noted success in running a broad-based shipping platform will provide Navigator with valuable insight and guidance as we develop our shipping and logistics infrastructure businesses. Together with Mr. Von Appen, Peter Stokes, a current Board member of Ultranav and former Senior Advisor and head of Shipping at Lazard, is also expected to join the Navigator Board at time of closing.”

In addition, pursuant to an earlier agreement dated and disclosed December 2020, we will also welcome to our Board, a second BW Group nominee, Andreas Sohmen-Pao, Chairman of BW Group Limited.

Dag von Appen, Chairman of the Board of Ultranav, commented: “We have been following the journey of Navigator closely since it was founded in 1997, and we acknowledge and respect the results achieved by Navigator since then and especially David’s long-standing vision and dedicated work in developing the company to become the worldwide leader in petrochemical gas transportation.”

Dag continued: “We look forward to joining Navigator Gas with its sound values and strong governance which fits well with our value to be a ‘partner you can trust’ in all respects. We believe this new setup will provide additional value to our customers by increasing flexibility, geographical coverage and access to a modern fleet of 56 vessels.”

Key benefits of the transaction

• The transaction is expected to be accretive compared to Navigator’s standalone budgets, in terms of anticipated revenue, EBITDA and EPS.
• Ultragas’ fleet of seven modern 22,000 cbm semi-refrigerated vessels, five 12,000 cbm ethylene vessels and six gas carriers in the 3,770-9,000 cbm range will broaden the service offering for the combined fleet. With the addition of these vessels, Navigator will be better positioned to engage new clients and new markets through increased coverage and geographical reach.
• The combination would have reduced the average age of Navigator’s fleet to nine years, as at December 31, 2020.
• The combined fleet and increased scale is expected to provide significant cost synergies and efficiencies throughout  the business.
• Navigator expects to maintain financial strength and a strong balance sheet.
• The combination would add another major shareholder with long-standing experience in the maritime industry, which Navigator believes will be to the benefit of its shareholders.
• The transaction is subject to the execution of a definitive share purchase agreement, approval by the boards of directors of both Navigator and Ultragas, regulatory approvals and other customary closing conditions. The parties anticipate closing the transaction by the end of the second quarter of 2021.

Advisors

Watson Farley & Williams LLP and Baker Botts LLP are acting as legal advisors for Navigator Holdings Ltd.

Debevoise & Plimpton LLP are acting as legal advisors for Ultragas.

No Offer or Solicitation

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

Forward-Looking Statements

There can be no assurance that a definitive share purchase agreement relating to the merger  will be executed or that the merger will be completed on the terms anticipated or at all.

This press release contains certain forward-looking statements concerning plans and objectives of management for future operations or economic performance, or assumptions related thereto, including statements concerning the anticipated merger of Ultragas, the anticipated terms and benefits thereof and the anticipated timing of completion thereof. In addition, we and our representatives may from time to time make other oral or written statements that are also forward-looking statements. In some cases, you can identify the forward-looking statements by the use of words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” “scheduled,” or the negative of these terms or other comparable terminology. Forward-looking statements appear in a number of places in this press release. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.  These risks and uncertainties include but are not limited to those set forth in the periodic reports Navigator files with the Securities and Exchange Commission.

All forward-looking statements included in this press release are made only as of the date of this press release. New factors emerge from time to time, and it is not possible for us to predict all of these factors. Further, we cannot assess the impact of each such factor on our business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. We expressly disclaim any obligation to update or revise any forward-looking statements, whether because of future events, new information, a change in our views or expectations, or otherwise. We make no prediction or statement about the performance of our common stock.

About Ultragas

Since 1960, Ultragas has been in gas tanker shipping and is today a leading provider of marine transportation of liquefied petroleum and petrochemical gases in the small and handysize segments. Ultragas owns and operates a modern fleet of 18 Liquefied Petroleum Gas Carriers. Commercial management is handled from the office in Copenhagen, and technical management is provided by the inhouse ship management company, UltraShip, who is also responsible for the about 650 officers and crew required to provide a safe and efficient service to the customers. Ultragas is part of the Ultranav Group.

About Ultranav Group

Ultranav is a privately owned shipping group with offices in 15 countries. Through eleven business units, Ultranav operates in five market segments: Tankers, gas, dry bulk, regional trades in the Americas and towage and offshore. Ultranav operates a global fleet of more than 300 vessels, of which 73 are fully owned. Via Ultratug, Ultranav also operates more than 100 tugs and offshore supply vessels in the Latin American region.

About Navigator Holdings Ltd

Navigator Holdings Ltd. is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (“LPG”) and ammonia and owns a 50% share, through a joint venture, in an ethylene export marine terminal at Morgan’sPoint, Texas on the Houston Ship Channel, USA. Navigator’s fleet consists of 38 semi- or fully-refrigerated liquefied gas carriers, 14 of which are ethylene and ethane capable. The Company plays a vital role in the liquefied gas supply chain for energy companies, industrial consumers and commodity traders, with its sophisticated vessels providing an efficient and reliable “floating pipeline” between the parties, connecting the world today, creating a sustainable tomorrow.

For further information

Navigator

Investor Relations Department: [email protected]
David Butters, Executive Chairman, +1 (212) 355 5893
Harry Deans, Chief Executive Officer, +44 20 7045 4120

Ultragas

Martin Fruergaard, Chief Executive Officer, Ultragas ApS, +45 4030 4920

Ultranav

Michael Schroder, Chief Executive Officer, Ultranav Chile, +56 9852 72240

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SOURCE Navigator Gas

LEXINGTON, Mass., April 12, 2021 /PRNewswire/ — Pulmatrix, Inc. (NASDAQ: PULM), a clinical stage biopharmaceutical company developing innovative inhaled therapies to address serious pulmonary and non-pulmonary disease using its patented iSPERSE™ technology, today announced it will regain full rights to its narrow spectrum kinase inhibitor (NSKI) portfolio, including PUR1800, following Johnsons & Johnson’s Enterprise Innovation’s decision to terminate the Company’s license, development and commercialization agreement.  Pulmatrix intends to continue the development of PUR1800, with ongoing clinical and toxicology studies to support programs in acute exacerbations in COPD (AECOPD) and other chronic airway diseases.

Updated PUR1800 Program Guidance:

• 28-day toxicology studies are complete, demonstrating dose proportional systemic exposure, reduced potential for lung drug accumulation, improved physical and chemical stability, and potential for long-term dosing as compared to non-iSPERSE formulation drug predecessor (RV1162).
• Dosing in the ongoing Phase 1b clinical study of PUR1800 in AECOPD is ongoing. Study endpoints include safety, tolerability, and exploratory biomarkers to demonstrate target engagement and anti-inflammatory effect, with topline data expected in Q4 2021.
• Pulmatrix plans to initiate a PUR1800 Phase 2b proof-of-concept efficacy study for the treatment of AECOP in 2021
• Data from 6 and 9-month long-term toxicology studies are expected in Q3 2021. These long-term data have the potential to broaden the development of PUR1800 for chronic dosing paradigms where non-steroidal inti-inflammatory treatment may be of benefit, such as asthma, COPD and other chronic airway diseases.

“Regaining full rights to PUR1800, and the broader portfolio of NSKIs, positions Pulmatrix to independently advance assets that have the potential to address multiple blockbuster markets,” said Ted Raad, Chief Executive Officer of Pulmatrix. “Our prior agreement with Johnson & Johnson greatly advanced our PUR1800 program, fully funding both our ongoing Phase 1b study and ongoing long-term toxicology studies. With data from these studies expected before year end, we expect to be positioned to advance our planned Phase 2b study in AECOPD treatment, which has the potential for approximately $2.5 billion in U.S. peak net revenue potential. Importantly, our long-term toxicology studies also have the potential to broaden the reach of PUR1800 to indications beyond AECOPD that require long-term dosing. We look forward to continued progress with PUR1800 and believe our superior iSPERSE formulation has the opportunity to address steroid resistant and infection driven inflammation across a diverse range of lung conditions.”

About Pulmatrix 

Pulmatrix is a clinical stage biopharmaceutical company developing innovative inhaled therapies to address serious pulmonary and non-pulmonary disease using its patented iSPERSE™ technology. The Company’s proprietary product pipeline includes treatments for serious lung diseases such as allergic bronchopulmonary aspergillosis (“ABPA”) and lung cancer, as well as neurologic disorders such as acute migraine.  Pulmatrix’s product candidates are based on iSPERSE™, its proprietary engineered dry powder delivery platform, which seeks to improve therapeutic delivery to the lungs by maximizing local concentrations and reducing systemic side effects to improve patient outcomes.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release that are forward-looking and not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements of historical fact, and may be identified by words such as “anticipates,” “assumes,” “believes,” “can,” “could,” “estimates,” “expects,” “forecasts,” “guides,” “intends,” “is confident that”, “may,” “plans,” “seeks,” “projects,” “targets,” and “would,” and their opposites and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including, but not limited to,  the impact of the novel coronavirus (COVID-19) on the Company’s ongoing and planned clinical trials; the geographic, social and economic impact of COVID-19 on the Company’s ability to conduct its business and raise capital in the future when needed; delays in planned clinical trials; the ability to establish that potential products are efficacious or safe in preclinical or clinical trials; the ability to establish or maintain collaborations on the development of therapeutic candidates; the ability to obtain appropriate or necessary governmental approvals to market potential products; the ability to obtain future funding for developmental products and working capital and to obtain such funding on commercially reasonable terms; the Company’s ability to manufacture product candidates on a commercial scale or in collaborations with third parties; changes in the size and nature of competitors; the ability to retain key executives and scientists; and the ability to secure and enforce legal rights related to the Company’s products, including patent protection. A discussion of these and other factors, including risks and uncertainties with respect to the Company, is set forth in the Company’s filings with the SEC, including its most recent annual report on Form 10-K, as amended, as may be supplemented or amended by the Company’s Quarterly Reports on Form 10-Q. The Company disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

*Johnson & Johnson Enterprise Innovation Inc. is the legal entity to the agreement.

Investor Contact
Timothy McCarthy, CFA
212.915.2564
[email protected]

 

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SOURCE Pulmatrix, Inc.