Market Newsdesk

Rimini Street Completes Buyback of $60 Million Face Value Series A Preferred Stock

LAS VEGAS–(BUSINESS WIRE)–
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third party support provider for Oracle and SAP software products and a Salesforce partner, today announced that it has completed, pursuant to early redemption rights, the buyback of 60,000 shares of Series A Preferred Stock with a face value of $60 million for total cash payable of $62.3 million, which includes $2.3 million of make-whole dividend. Source of funds for the buyback are Company cash, and the notice of this stock buyback was previously announced on March 16, 2021.

The remaining Series A Preferred Stock liquidation value is approximately $88 million. Rimini Street has the option to call it, in full or in part, with no make-whole or premium starting July 19, 2021, or it may be converted into common stock at any time by the holders. Any remaining shares of the Series A Preferred Stock will become redeemable at the election of a majority of the Series A Preferred Stockholders beginning July 19, 2023.

This transaction is the latest in a series of Preferred Stock buybacks that have reduced the total Series A Preferred obligation by approximately 46% in the past six months.

“Our recent capital market actions have allowed us to methodically strengthen our balance sheet and move us in the direction of a net cash position with a low leverage ratio. We continue to look for additional opportunities to lower our cost of capital and optimize our capital structure for the benefit of our shareholders,” stated Michael L. Perica, chief financial officer, Rimini Street.

We plan to discuss the stock buyback transaction in more detail during our first quarter 2021 earnings conference call scheduled for May 5, 2021, and in our SEC Form 10-Q. Please visit our investor relations website for more information https://investors.riministreet.com/.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 4,000 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the actions of the holders of the Series A Preferred Stock and the terms and impact of Rimini Street’s remaining outstanding 13.00% Series A Preferred Stock; the duration of and economic, operational and financial impacts on Rimini Street’s business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt Rimini Street’s business or that of its current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; Rimini Street’s need and ability to raise additional equity or debt financing on favorable terms and Rimini Street’s ability to generate cash flows from operations to help fund increased investment in Rimini Street’s growth initiatives; the sufficiency of Rimini Street’s cash and cash equivalents to meet its liquidity requirements; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; customer adoption of Rimini Street’s recently introduced products and services, including its Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services Rimini Street expects to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those risks discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on March 3, 2021 and as updated from time to time by other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

©2021 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005164/en/

Investor Relations Contact

Dean Pohl

Rimini Street, Inc.

+1 925 523-7636

[email protected]

Media Relations Contact

Michelle McGlocklin

Rimini Street, Inc.

+1 925 523-8414

[email protected]

KEYWORDS: United States North America Nevada

INDUSTRY KEYWORDS: Professional Services Marketing Communications Technology Software Consulting Accounting

MEDIA:

Logo

Cloudflare Announces First Office in Canada to Further Support Canadian Customers, Innovation, and Growth

The company expands its presence in Canada with a team and operations in Toronto focused on regional growth and customer success

SAN FRANCISCO & TORONTO–(BUSINESS WIRE)–Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced that Toronto will be home to its first office in Canada. Cloudflare’s expansion demonstrates the company’s continued investment in the region and its commitment to supporting its growing customer base. Cloudflare’s new Canada-based team and operations will grow brand awareness, support and acquire customers, and recruit local talent.

“As a proud Canadian I’m especially excited that we are hiring local talent to further support our Canadian customers in the world’s tenth largest national economy,” said Michelle Zatlyn, co-founder, President and COO of Cloudflare. “Cloudflare blocks billions of cyber attacks in Canada each day for our customers. As the world continues to rely on the Internet, we look forward to securing and accelerating Canadian organizations and giving their users, customers, and teams the tools they need to be fast, reliable, and secure no matter where they are working.”

“I am very pleased that Cloudflare has chosen Toronto as the location for its first Canadian office, which will allow them to take advantage of our unmatched talent pipeline,” said John Tory, Mayor of Toronto. “Toronto is a magnet for software companies, like Cloudflare, due to our highly-skilled and diverse workforce. As we work toward economic recovery, it’s very encouraging to see that international businesses continue to view the Toronto Region as the place to be for technology and innovation.”

Today, Cloudflare’s network spans more than 200 cities in over 100 countries. The company first established a data center in Canada in 2012. Today, Cloudflare’s network spans seven cities in Canada. As the company’s edge network continues to grow globally, Cloudflare is securing and speeding up organizations, corporate networks, and users across the world regardless of location.

Cloudflare has 3.5 million customers globally, and already supports thousands of customers in Canada—from global 2000 enterprises, to nonprofits, to healthcare companies trying to speed up vaccine distribution, to local entrepreneurs spinning up their next ideas. Canadian customers include companies like Shopify and its 1 million storefronts, media company Thomson Reuters, and investment service Wealthsimple. Cloudflare also has global partnerships with companies like Acquia to better serve Canadian customers including Irving Oil, The University of Ottawa, and Videotron.

“Security is a top priority when it comes to personal finances,” said Michael Katchen, Co-founder and Chief Executive Officer of Wealthsimple. “We designed Wealthsimple to be simple and secure so that our customers can feel empowered to make smart financial decisions with ease. Cloudflare has been an incredible partner by providing us with complex Internet security, performance, and reliability in a simple way. These continue to be clear, critical technologies and we welcome their expansion in Canada.”

“With Cloudflare, we could see hundreds of thousands of malicious requests rotating through IP addresses, trying to login using hacked credentials and spam our site. Cloudflare automatically blocked them,” said Leonard Teo, founder and CEO, ArtStation. “Soon, we saw the number of malicious attacks drop drastically. Because of Cloudflare, it just wasn’t worth the bother, so they gave up. We still see a few bots trying — but they don’t get through, thanks to Cloudflare.”

Lending Technology for the Greater Good

Cloudflare offers initiatives to lend its technology and expertise to organizations in need in Canada and across the globe. Through Cloudflare’s Project Fair Shot, the company is helping to ensure COVID-19 vaccine registration sites, like Canadian health platform Jane, can manage the distribution of vaccines efficiently. “Jane was used to help vaccinate the population of Whistler in Canada with Cloudflare’s Project Fair Shot and Waiting Room technology. Cloudflare made everything go so smoothly and managed the sudden volume like a charm,” said Alison Taylor, Co-Founder & Co-CEO, Jane.

Cloudflare also offers its technology to a number of Canadian non-profits through Project Galileo, an initiative that equips politically and artistically important organizations and journalists with powerful tools to defend themselves against online attacks, at no cost. GlobalMedic and Compute Canada are among Cloudflare’s Canadian Project Galileo recipients.

“GlobalMedic’s focus is on disaster response and our website is an extremely important tool that helps get aid out the door,” said Jamie Cross, Emergency Programs Manager at GlobalMedic. “While we have a small staff, our website allows us to share impact with donors, raise much needed funds for our programs, and recruit volunteers to help assemble aid that we send around the world. Any downtime would be very detrimental to our mission. Cloudflare eliminates the stress of worrying about the security and reliability of our website, leaving us to focus on aiding the people who need it most.”

“Cloudflare’s Project Galileo allows us to make the Compute Canada Federation’s open-source advanced research software repositories freely accessible to researchers in the spirit of international scientific collaboration, without the risk of exposure to attacks,” said Ryan Taylor from the University of Victoria, a member of the Compute Canada Federation. “While we are based in Canada and do not have infrastructure located in other countries, Cloudflare’s global network makes it possible for research organizations and sites in other locations worldwide to benefit from the software environment we provide. Cloudflare’s caching, load balancing with dynamic steering, and zero-downtime features improve the performance and robustness, enabling our Canadian users to access the same advanced research software environment of our national high performance computing systems, from any computer, regardless of location.”

Committing to the Canadian Region

Toronto Global, a team of experienced business advisors assisting global businesses to expand into the Toronto Region, the Government of Ontario’s Trade and Investment Office in San Francisco, and the Canadian Trade Commissioner Service support Cloudflare’s investment in Canada. “Cloudflare is a critical player in the global Internet infrastructure and, given their Canadian founder roots in Silicon Valley, their growth in Canada is a homecoming of sorts,” said Rana Sarkar, Consul General of Canada in San Francisco. “We’re thrilled to be part of their next chapter.”

“We are thrilled that Cloudflare has chosen Toronto as the location for their first Canadian office,” said Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade. “In Ontario, we are setting the pace for a new era in the information technology sector, and Cloudflare will be able to take advantage of our premium talent pool, dynamic ecosystem, and strategic location in the heart of North America as they continue to grow their business in the province and beyond.”

Scaling Canada’s Partner Ecosystem

Cloudflare partners with a number of Canadian companies and has global Channel, Alliance, and Technology partnerships to better serve mutual Canadian customers. “Cloudflare has definitely contributed to our ability to satisfy some of the most complex client requirements in this competitive landscape”, said Joey Campione, Founder and CEO of Opticca Security. “Opticca’s partnership with Cloudflare has been extremely beneficial to our advancement in the Zero Trust Network Access, WAF, DDoS, and CDN markets. Cloudflare has consistently demonstrated a level of excellence across all facets of the business we have been exposed to and collaborated with over the last two and a half years. They are now heavily investing in Canadian markets, bringing on some of the most talented and results-driven individuals we have had the opportunity to work with. Our Cloudflare client base continues to echo this sentiment, recognizing their ‘customer success’ driven culture and continuous innovation regarding their products, people, and processes.”

“Cloudflare has helped our clients achieve secure, fast, and resilient access to their service offerings that are spanning multiple cloud providers,” said Shlomo Bielak, Chief Technology Officer at Benchmark Corp. “We see the Canadian market shifting towards SaaS and multi-cloud environments and we have a successful partnership with Cloudflare to meet those maturing needs. We welcome their expansion into the Canadian market especially during a time of need and growth.”

Collaborating with Canada’s Academic Community

Cloudflare has worked with a number of research teams and academic communities, including the University of Waterloo, to evolve global cybersecurity, cryptography, and privacy. “Canada, alongside leaders like Cloudflare, has been at the forefront of research and specifically preparing for digital systems to be secure against quantum-enabled attacks. A Canadian base for Cloudflare is very welcome and aligns with Canada’s global strength in security research, innovation, and talent,” said Michele Mosca, co-founder of the Institute for Quantum Computing at the University of Waterloo, co-founder and Director of Quantum-Safe Canada, and co-chair of the board of Quantum Industry Canada.

“Being close to the research center of Canada and with global security research evolving, we are very pleased that Cloudflare is opening an office in Toronto,” said Alfred Menezes, Mathematics Professor at the University of Waterloo. “Opening this office allows us to deepen Cloudflare’s participation in Waterloo’s world-renowned co-op program. Our group in cryptography, security, and privacy at the University of Waterloo has collaborated with Cloudflare researchers for years and is looking forward to furthering our work together with local talent.”

Within the last year, Cloudflare has grown its team by more than 40 percent. Today, Cloudflare has more than 1,700 employees globally. The initial functions prioritized for the Toronto office include Engineering, Research and Development, Customer Success, Marketing, Sales, and Partnerships. Cloudflare’s Toronto location will join its other global offices in San Francisco, CA, Austin, TX, Champaign, IL, New York, NY, San Jose, CA, Seattle, WA, Washington, D.C., Lisbon, London, Munich, Paris, Beijing, Singapore, Sydney, and Tokyo. To learn more about Cloudflare Canada, please check out the resources below:

• Cloudflare Network Map
• Cloudflare Canada Careers Page
• Michelle Zatlyn, Canadian co-founder, President & COO of Cloudflare
  • A Full Circle Journey: Introducing Cloudflare Canada
  • Sharing this news & more at Collision: Make way for Maple tech
• Canada Expansion Blog Post

About Cloudflare

Cloudflare, Inc. (www.cloudflare.com / @cloudflare) is on a mission to help build a better Internet. Cloudflare’s suite of products protect and accelerate any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was named to Entrepreneur Magazine’s Top Company Cultures 2018 list and ranked among the World’s Most Innovative Companies by Fast Company in 2019. Headquartered in San Francisco, CA, Cloudflare has offices in Austin, TX, Champaign, IL, New York, NY, San Jose, CA, Seattle, WA, Washington, D.C., Toronto, Lisbon, London, Munich, Paris, Beijing, Singapore, Sydney, and Tokyo.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005150/en/

Daniella Vallurupalli

[email protected]

KEYWORDS: United States North America Canada California

INDUSTRY KEYWORDS: Data Management Security Technology Telecommunications Software Networks Internet

MEDIA:

Logo

Limbach Appoints Jody Reilly as Vice President of Healthcare

PITTSBURGH–(BUSINESS WIRE)–
Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced that Jody Reilly has been appointed as Vice President of Healthcare, effective immediately. Mr. Reilly brings 17 years of healthcare operations expertise and will serve as a critical asset as the Company continues to grow its Owner-Direct Services business and expanded technology platform to our healthcare client base.

Prior to joining Limbach, Mr. Reilly spent 5 years with Quorum Health as Vice President of Facilities Management. In that role, Mr. Reilly oversaw the supervision of 30+ hospital systems, provided senior-level design and construction insight and consultation, managed construction and energy efficiency improvement projects, developed and managed yearly infrastructure budgets, and took a prominent role in identifying and prioritizing energy-related capital projects, operational changes, and budgeting upgrades. Through Quorum Health’s subsidiary, QHR Health, Mr. Reilly helped establish program management and master planning consulting services to QHR’s fleet of healthcare clients.

Mr. Reilly is a leader in the healthcare network and will be instrumental in identifying, managing, and solving our healthcare client’s complex infrastructure issues while allowing them the freedom to focus on their core business and patient care.

About Limbach

Limbach is an integrated building systems solutions firm whose expertise is in the design, modular prefabrication, installation, management and maintenance of heating, ventilation, air-conditioning (“HVAC”), mechanical, electrical, plumbing and controls systems for a diversified group of commercial, institutional and light industrial markets. With 22 offices throughout the United States and Limbach’s full life-cycle capabilities, from concept design and engineering through system commissioning and recurring 24/7 service and maintenance, Limbach is positioned as a value-added and essential partner for building owners, construction managers, general contractors and energy service companies.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005182/en/

Investor Relations:

The Equity Group, Inc.

Jeremy Hellman, CFA

Vice President

(212) 836-9626 / [email protected]

or

Limbach Holdings, Inc.

S. Mathew Katz

Executive Vice President

(212) 201-7006 / [email protected]

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: Construction & Property Building Systems

MEDIA:

Logo

NextDecade and Project Canary Launch GHG Measurement and Certification Framework, First for Global LNG Industry

HOUSTON & DENVER–(BUSINESS WIRE)–
NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Project Canary announced today the formation of a joint pilot project for monitoring, reporting, and independent third-party measurement and certification of the greenhouse gas (GHG) intensity of liquefied natural gas (LNG) to be sold from NextDecade’s Rio Grande LNG export facility in the Port of Brownsville, Texas.

Project Canary is focused on delivering independent, trusted, continuous emissions monitoring data and related technologies to assess environmental performance across the energy value chain. In its pilot project with NextDecade, the first in the global LNG industry, Project Canary will deploy its TrustWell™ certification process to confirm each element of the natural gas value chain – from the wellhead to the ship at Rio Grande LNG – has achieved low emissions targets and utilized the highest standards of environmental performance and social responsibility. This partnership will enable the development of a responsibly sourced natural gas supply chain from leading producers in the Permian Basin and Eagle Ford Shale and independent, third-party certification of the GHG intensity of LNG.

“NextDecade is committed to working with sustainable producers seeking to supply responsibly sourced natural gas to Rio Grande LNG,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “Project Canary’s independent measurement and certification platform will provide transparency and give confidence to our customers who are increasingly focused on securing low greenhouse gas-intensive LNG. Reliable, competitively priced LNG and responsible environmental stewardship are not mutually exclusive, and we are pleased to work with Project Canary to establish a new and higher standard for the supply of low-GHG LNG to markets around the world.”

Last month, NextDecade announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest carbon capture and storage (CCS) projects in North America at Rio Grande LNG. NEXT Carbon Solutions’ CCS project at Rio Grande LNG is expected to enable the capture and permanent geologic storage of more than five million tonnes of carbon dioxide (CO₂) per year. Combining responsibly sourced gas with the anticipated CO₂ emissions reduction associated with NEXT Carbon Solutions’ CCS project is expected to enable Rio Grande LNG to produce the lowest lifecycle GHG LNG on a free-on-board basis and to be the greenest LNG project in the world.

“The differentiated market for responsibly sourced gas is expanding rapidly on a global scale as customers, investors and regulators seek, push for, and reward energy produced with the highest environmental standards,” said Chris Romer, Project Canary Co-Founder and Chief Executive Officer. “We’re proud of the important and growing role we’re playing in putting our independent technologies to work to help our customers and look forward to supporting NextDecade and the companies involved in its natural gas value chain in enhancing environmental performance, ensuring compliance with regulatory standards, and delivering on commercial commitments.”

A Denver-based B-Corp, Project Canary provides emissions monitoring data and related technologies across the energy value chain – from the production, transmission and marketing of responsibly sourced natural gas. Project Canary’s TrustWell™ certification is the premium standard for responsibly sourced gas. Trustwell™ certification, which scores across four primary categories of responsibility – air, water, land, and community – assigns ratings based on independent review and rigorous data analysis and has been involved in over 85 percent of responsibly sourced gas transactions in the United States to date. Project Canary has completed more than 5,500 TrustWell™ certifications, with over 1,000 in process, and by mid-year 2021 will have approximately 400 real-time emissions monitoring units deployed.

About NextDecade Corporation

NextDecade Corporation (NextDecade) is committed to providing the world access to cleaner energy. NextDecade, through its wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, is developing a 27 mtpa LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. The Rio Grande LNG facility is expected to be the largest and greenest U.S. LNG export solution linking Permian Basin and Eagle Ford Shale natural gas to the global LNG market. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.

About Project Canary

Project Canary, an International Environmental Standards company based in Denver, Colorado, is a mission-driven B-Corporation (approval pending) accountable to a double bottom line of profit and the social good. Project Canary believes it is possible to create a financially successful, self-sustaining business that “does well and does good.” Project Canary’s goal is to mitigate climate change by helping the energy value chain operate on a cleaner, more efficient, more sustainable basis. Its proven solutions provide real-time emissions monitoring and rigorous independent certification of oil and gas well sites for responsible operations. Project Canary helps organizations collect, manage, operationalize, and benefit from real-time, trusted, and independent environmental data. Project Canary also partners with the Colorado School of Mines Payne Institute to develop a collaborative environment for oil and gas companies and external parties to share best practices and insights garnered through continuous monitoring. For more information, please visit www.projectcanary.com.

NextDecade Forward-Looking Information

This press release contains forward-looking statements within the meaning of U.S. federal securities laws including, in particular, statements about the Company’s private placement of Series C Preferred Stock and the use of proceeds thereof. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on NextDecade’s current assumptions, expectations, and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include uncertainties about progress in the development of NextDecade’s LNG liquefaction and export projects and the timing of that progress; NextDecade’s final investment decision (“FID”) in the construction and operation of a LNG terminal at the Port of Brownsville in southern Texas (the “Terminal”) and the timing of that decision; the successful completion of the Terminal by third-party contractors and an approximately 137-mile pipeline to supply gas to the Terminal being developed by a third-party; NextDecade’s ability to secure additional debt and equity financing in the future to complete the Terminal; the accuracy of estimated costs for the Terminal; statements that the Terminal, when completed, will have certain characteristics, including amounts of liquefaction capacities; the development risks, operational hazards, regulatory approvals applicable to the Terminal’s and the third-party pipeline’s construction and operations activities; NextDecade’s anticipated competitive advantage and technological innovation which may render its anticipated competitive advantage obsolete; the global demand for and price of natural gas (versus the price of imported LNG); the availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industry, including environmental laws and regulations that impose significant compliance costs and liabilities; NextDecade’s ability to develop and implement carbon capture and storage or similar technology to reduce anticipated carbon emissions from the Terminal; global pandemics including the 2019 novel coronavirus pandemic and their impact on NextDecade’s business and operating results, including any disruptions in NextDecade’s operations or development of the Terminal and the health and safety of NextDecade’s employees, and on NextDecade’s customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of its securities on a securities exchange or quotation medium; changes adversely affecting the business in which NextDecade is engaged; management of growth; general economic conditions; NextDecade’s ability to generate cash; compliance with environmental laws and regulations; the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s Annual Report on Form 10-K for the year ended December 31, 2020 and other subsequent reports filed with the Securities and Exchange Commission, all of which are incorporated herein by reference. Additionally, any development of the Terminal remains contingent upon completing required commercial agreements, acquiring all necessary permits and approval, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005130/en/

Patrick Hughes

[email protected]

+1-832-209-8131

Brian Miller

[email protected]

+1-202-669-3801

KEYWORDS: United States North America Texas Colorado

INDUSTRY KEYWORDS: Other Energy Environment Utilities Oil/Gas Alternative Energy Energy

MEDIA:

Logo

Domo Launches Global COVID-19 Vaccination Tracker

New free resource introduced to keep public up to date on worldwide COVID-19 recovery efforts

SILICON SLOPES, Utah–(BUSINESS WIRE)–Domo (Nasdaq: DOMO) today announced the launch of the Domo COVID-19 Vaccination Tracker to make domestic and international vaccination data easily accessible, understandable and actionable for all. Domo’s Vaccination Tracker has been added to the company’s free interactive Coronavirus Global Tracker, which has had more than 3 million page views to date. The Coronavirus Tracker has also been used by nearly 800 Domo customers in combination with their own business data to understand how to operate in this dynamically changing environment.

Domo’s COVID-19 Vaccination Tracker offers worldwide insights on the number of fully vaccinated individuals per the Centers for Disease Control (CDC) and Our World In Data, a scientific online publication that focuses on large global problems such as poverty, disease, hunger, climate change, war, existential risks, and inequality. The Vaccination Tracker, which is now live, shares the number of people globally that are vaccinated, and will evolve in the coming weeks to offer predictions on herd immunity and the pace at which immunizations must continue in the U.S., for example, to achieve it.

“As the world starts to see light at the end of the tunnel from this global pandemic, our team looked at additional ways to leverage data for public good. Today’s update meant finding sources that would help others quickly understand how worldwide vaccination data can impact their communities and the rapidly changing environment. We hope that the addition of the COVID-19 Vaccination Tracker will help inform organizations through the critical decisions and actions needed to get us closer to the end of this tunnel,” said Ben Schein, vice president of data curiosity at Domo.

This new addition to Domo’s Coronavirus Global Tracker speaks to the agility of Domo’s modern BI platform in rapidly adapting to new data sources and providing actionable insights. People can interact with the data that is relevant to them, and organizations can input or embed the tool as a whole to better understand and respond to the rapidly changing environment.

To explore Domo’s new Vaccinations and Testing page on the Coronavirus Global Tracker, visit here.

About Domo

Domo is the Business Cloud, empowering organizations of all sizes with BI leverage at cloud scale, in record time. With Domo, BI-critical processes that took weeks, months or more can now be done on-the-fly, in minutes or seconds, at unbelievable scale. For more information about how Domo (Nasdaq: DOMO) helps its customers go fast, go big and go bold, visit www.domo.com. You can also follow Domo on Twitter, Facebook and LinkedIn.

Domo and Domo is the Business Cloud are registered trademarks of Domo, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005088/en/

Cynthia Cowen

[email protected]

KEYWORDS: United States North America Utah

INDUSTRY KEYWORDS: Infectious Diseases Health Data Management Technology Software

MEDIA:

Posted on April 19, 2021 9:03 am

Wealth Management Team Led by Ed Wentzheimer Joins First Republic in New York

Wealth Management Team Led by Ed Wentzheimer Joins First Republic in New York

SAN FRANCISCO–(BUSINESS WIRE)–First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that a seven-member team led by Ed Wentzheimer has joined First Republic Investment Management in New York City.

Wentzheimer was named Managing Director and Wealth Manager. Howard Horowitz, Jeffrey Rozenberg and Michael Yeung were each named Senior Vice President and Wealth Manager. Sebastian Komuda was named Vice President and Wealth Manager. Amanda Ricchiuti was appointed Client Relationship Director and Lauren Murphy joined as Senior Client Service Associate.

They will provide portfolio management, retirement planning, investment consulting and other wealth management services to individuals, families, nonprofits and private family foundations.

“Ed Wentzheimer and his team have been very successful wealth managers for many years,” said Bob Thornton, President of First Republic Private Wealth Management. “They share First Republic’s commitment to exceptional client service and are a terrific addition to our expanding wealth management team serving metropolitan New York.”

Wentzheimer provides comprehensive wealth planning and risk managed investment services to ultra-high net worth families, corporate executives, entrepreneurs and retirees. He has special expertise in managing concentrated equity positions, multigenerational wealth management, philanthropic advisory services transfer, complex retirement and estate planning solutions. Before joining First Republic, he was a Senior Vice President at Morgan Stanley. Prior to that, he worked for UBS Financial Services. Wentzheimer is active in his local community and serves on the board of directors of the Center for Hearing and Communication and is also a finance committee member. He earned a Bachelor’s degree in Sociology from the University of Oklahoma. Wentzheimer holds the professional designations of Certified Private Wealth Advisor® and Chartered Retirement Planning Counselor (CRPC).

Horowitz delivers comprehensive wealth planning strategies and risk management investment services to ultra high net worth individuals and families. Before joining First Republic, he was a Senior Vice President and Wealth Manager at Morgan Stanley. Earlier in his career, he worked for Wells Fargo and UBS Financial Services. Horowitz earned a Bachelor’s degree in Physical Education from Southern Connecticut State University.

Rozenberg specializes in 10b5-1 plans, restricted stock, risk management, retirement planning, wealth transfer, income planning, asset allocation, and portfolio construction to corporate executives and ultra-high net worth individuals. Before First Republic, he was a First Vice President, Executive Financial Services Director, at Morgan Stanley. He earned a Bachelor’s degree in Business Management and Finance from Brooklyn College.

Yeung provides wealth management services to high net worth clients, with a focus on multi-generational wealth planning, alternative investments, life insurance, sustainable and responsible investing, asset allocation, portfolio hedging, and estate planning strategies. Before joining First Republic, he was a Vice President at Morgan Stanley and earlier worked at UBS AG Singapore. Yeung earned a Bachelor’s degree in Political Science from New York University. He holds a Certified Portfolio Manager® designation from the Academy of Certified Portfolio Managers from Columbia University.

Komuda provides wealth planning and asset management solutions with a focus on retirement and estate planning, concentrated equity strategies, tax minimization strategies, security analysis, portfolio and investment management. Prior to joining First Republic, Komuda was a Financial Advisor Associate at Morgan Stanley. He is active in his community, mentoring students from Brooklyn College. Komuda earned Bachelor’s degrees in Finance and in Business Management from Brooklyn College. He holds Series 7 and 66 licenses.

To learn more about First Republic Private Wealth Management, click here. To see our growing team of wealth management professionals, click here.

About First Republic Bank

Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service and offers a complete line of products, including residential, commercial and personal loans, deposit services, and wealth management. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. First Republic is a constituent of the S&P 500 Index and KBW Nasdaq Bank Index. For more information, visit firstrepublic.com.

FRC-G

View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005072/en/

Investors:

Andrew Greenebaum / Lasse Glassen

Addo Investor Relations

[email protected], [email protected]

(310) 829-5400

Media:

Greg Berardi

Blue Marlin Partners

[email protected]

(415) 239-7826

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Logo

Virpax’s MMS019 Reduced Nasal and Brain Viral Load in Animal Study

–Marked Inhibition of Viral Replication Demonstrated—

BERWYN, Pa.–(BUSINESS WIRE)–Virpax^® Pharmaceuticals, Inc. (“Virpax” or the “Company”) (NASDAQ:VRPX), a company specializing in developing pharmaceutical product candidates for pain management, today announced the results of an animal study model for MMS019, its anti-viral product candidate for respiratory viruses. MMS019 is high-density molecular masking spray the Company is developing as an anti-viral barrier. The Company intends for this formulation to be delivered using a preassembled device and cartridge to propel the High-Density Molecular Spray formulation into the nose.

Professor Krzysztof Pyrc, a virology specialist [and head of the Virology Laboratory at the Małopolska Biotechnology Center of the Jagiellonian] at the University in Krakow, Poland, who led the study, stated, “While the initial viral load given to the animals was much higher than what is encountered by humans, we demonstrated an inhibition of viral replication in the nasal passages. This is very exciting as it supports further research on our hypothesis that MMS019 may not only protect users that apply the mask, but also may limit transmission of the virus to others.”

Dr. Jeff Gudin, Chief Medical Officer and co-founder of Virpax added, “In addition to inhibition of viral replication, the study also demonstrated decreased levels of the virus in animal brain tissue, an important observation as recent studies have shown neurological conditions with survivors of severe Covid. We are encouraged by these results and have engaged Syneos Health to assist with our regulatory pathway and drug development trials required to file an NDA for FDA approval.”

The animal study model included transgenic mice expressing the human ACE2 protein under the human cytokeratin 18 promoter (a type of protein found on epithelial cells, inside and outside of the body). Each experimental group consisted of 10 animals with 14 animals in the control group. MMS019 was administered once daily intranasally in the treatment group, and the control group received remdesivir intramuscularly.

Initially, the animals were infected intranasally with the SARS-CoV-2 virus. The virus was amplified and titrated in commonly used cell cultures [Vero cells]. Mice received MMS019 or remdesivir every 24 hours from Day 1 until Day 6 post-infection.

On day 6 post-infection, the animals were euthanized, and selected tissues were collected for analysis; viral RNA was isolated, and the viral infection was quantified by means of the RT-qPCR system that detects genetic material of the virus using a lab technique called polymerase chain reaction (PCR). The initial viral titer was comparatively higher than would be contained in an infected human droplet. However, after treatment with MMS019, there was a marked inhibition of viral replication in the mouse nasal passages, and decreased levels of the virus were also recorded for the brain tissue, indicating the limited systemic infection. No adverse effects were observed during the experiment.

About Malopolska Centre of Biotechnology

MCB is an International research institute within the Jagiellonian University in Krakow. MCB’s research focuses on major disciplines, including virology, structural biology, and genomics. The virology research is centred on basic research in the field of coronaviruses and flaviviruses. MCB also aims at translating key findings into real world solutions (http://virogenetics.info/). The Jagiellonian University is one of the oldest universities in Europe, founded in 1364 and also one of the most prestigious universities in Poland. It is the only East-Central European academic institution in Reuter’s Top 100: Europe’s Most Innovative Universities ranking and a leading Polish applicant to the European Patent Office.

About Virpax Pharmaceuticals

Virpax is developing branded, non-addictive pain management product candidates using its proprietary technologies to optimize and target drug delivery. Virpax is initially seeking FDA approval using its three patented drug delivery platforms. Epoladerm™ is a topical diclofenac metered-dose spray film formulation being developed to manage acute musculoskeletal pain and osteoarthritis. Probudur™ is a single injection liposomal bupivacaine formulation being developed to manage postoperative pain. Envelta™ is an intranasal molecular-envelope enkephalin formulation being developed to manage acute and chronic pain, including pain associated with cancer. Virpax is also using its intranasal Molecular Envelope Technology (MET) to develop its PES200 product candidate to manage post-traumatic stress disorder (PTSD) and its MMS019 product candidate to inhibit viral replication caused by influenza or SARS-CoV-2. For more information, please visit www.virpaxpharma.com.

Forward-Looking Statement

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company’s planned preclinical and clinical trials, product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statements that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management’s current beliefs and assumptions.

These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential,” “predict,” “project,” “should,” “would” and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors, including the potential impact of the COVID-19 pandemic and the potential impact of sustained social distancing efforts, on the Company’s operations, clinical development plans and timelines, which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company’s filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005064/en/

Christopher M. Chipman, CPA

Chief Financial Officer

[email protected]

610-727-4597

Or

Betsy Brod

Affinity Growth Advisors

[email protected]

212-661-2231

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Biotechnology Other Health Health General Health Pharmaceutical Medical Devices Research Infectious Diseases Surgery Science Clinical Trials

MEDIA:

Logo

Regions Next Step Hosts Financial Wellness Webinars as Part of Financial Literacy Month

Free webinars designed to help people take charge of their financial futures.

BIRMINGHAM, Ala.–(BUSINESS WIRE)–Regions Bank on Monday announced a series of free financial wellness webinars that are available to the public through Regions Next Step, the bank’s financial education program.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210419005060/en/

While April’s webinars are part of the bank’s celebration of Financial Literacy Month, Regions makes timely and topical financial wellness information available to everyone year-round at www.regions.com/nextstep. Webinar topics over the next two weeks will include developing smart money habits, improving credit scores, building personal wealth, and a special discussion called “Money Moves for the New Normal.” During this webinar on April 29, Eric Smith, who is known nationally as “The Financial Literacy Coach,” will cover financial lessons learned during the pandemic, along with best practices for managing money in the near term – while planning realistically for the future.

“Following the financial uncertainty many people have experienced over the last year, smart money-management habits are more important than ever,” said Joye Hehn, Next Step financial education manager for Regions Bank. “Eric Smith is well known for providing financial guidance for professional athletes. We are thrilled to work with him on this upcoming webinar that’s open to anyone who wants to learn actionable, insightful and easy-to-understand tips on ways to build their savings, manage their spending, and develop healthy financial habits that can pay off for years to come.”

Registration for the April 29 webinar with Eric Smith is available at this link. Times and dates for additional Next Step webinars are listed at this link.

Advancing financial wellness is one of Regions Bank’s top priorities for community engagement and is part of the bank’s mission to make life better in the communities it serves. In 2020, Regions supported approximately 130,000 financial wellness classes across the company’s 15-state footprint while helping reach 1.8 million people through a complete range of student and adult financial wellness programs.

Additional digital resources from Regions Next Step include:

• EVERFI Family Portal – During this time of remote learning,Regions is working with financial wellness provider EVERFI to deliver 27 free digital courses consisting of more than 100 lessons designed for K-12 students. Families can select from a variety of topics and participate with their children. More information is available through the EVERFI Family Portal, linked here. Select your state and your child’s school name to receive a catalog of age-appropriate courses.

• Next Step Podcasts – Quick, educationalNext Step podcasts, linked here, deliver money-management tips and guidance to address personal and professional goals.

• Next Step Articles, Calculators and Worksheets – From savings strategies to learning how to build a budget, Regions has a library of tools and resources.Browse articles, interactive financial calculators and downloadable worksheets by visiting Regions.com/NextStepFamilyBudget.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $147 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,300 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005060/en/

Media Contact:

Jennifer Elmore

Regions Bank

205-264-4551

Regions News Online: regions.doingmoretoday.com

Regions News on Twitter: @RegionsNews

KEYWORDS: United States North America Alabama

INDUSTRY KEYWORDS: Finance Banking Other Education Professional Services Education

MEDIA:

Logo

Photo

Financial Literacy Coach Eric Smith works with professional athletes to help them manage money and reach their goals. Now, his insights are available to anyone for free through an upcoming Regions Next Step webinar. (Photo: Business Wire)