CACI Names Glenn Kurowski Chief Technology Officer

CACI Names Glenn Kurowski Chief Technology Officer

Kurowski to advance critical technologies to mission and enterprise customers

ARLINGTON, Va.–(BUSINESS WIRE)–
CACI International Inc (NYSE: CACI) announced today that it has named Glenn Kurowski Chief Technology Officer (CTO) to advance critical technologies, drive technology investments, and recruit and develop the company’s technical workforce to accelerate growth and innovatively address its mission and enterprise customers’ most challenging needs.

As CTO, Kurowski will work across the company to lead corporate technology outreach and help realize CACI’s technical vision, its investments for growth in national security technology, as well as to continue building the company’s scientific, engineering, and technical talent. A veteran of the government contracting industry, and a proven innovator and strategist, Kurowski has served with CACI for more than six years and was instrumental in shaping the company’s transition to a technology-powered national security leader. Additionally, Kurowski has worked across CACI to leverage its scientists, innovators, and technical talent to create innovative solutions for CACI’s mission and enterprise customers and generate new intellectual property and product offerings.

CACI invests ahead of customer needs to help them maintain a technological edge. The company’s active research and development has driven key advances and award-winning technologies in the areas of Electronic Warfare, Counter-Unmanned Aerial Systems, Cybersecurity, Signals Intelligence, Agile Software Development at scale, Artificial Intelligence, and Secure Communications. Most recently, CACI’s SteelBox™, a secure mobile communications app, and the CACI CM142 sensor, which delivers real-time intelligence to aerial firefighters, each earned an acclaimed Edison Award™ for their excellence in technological innovation.

John Mengucci, CACI President and Chief Executive Officer, said, “Glenn’s knowledge and experience in guiding differentiated technologies from idea to the field, makes him the perfect individual to ensure our customers can best execute their missions, as well as drive long-term value for our shareholders.”

CACI’s approximately 23,000 talented employees are vigilant in providing the unique expertise and distinctive technology that address our customers’ greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World’s Most Admired Company. As a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. Visit us at www.caci.com.

There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2020, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.

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Corporate Communications and Media:

Jody Brown, Executive Vice President, Public Relations

(703) 841-7801, [email protected]

Investor Relations:

Daniel Leckburg, Senior Vice President, Investor Relations

(703) 841-7666, [email protected]

KEYWORDS: United States North America Virginia

INDUSTRY KEYWORDS: Technology Other Defense Contracts Aerospace Manufacturing Software Networks Data Management Defense

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Genprex Collaborators Report Positive Preclinical Data for REQORSA™ Immunogene Therapy in Non-Small Cell Lung Cancer at the 2021 AACR Annual Meeting

Genprex Collaborators Report Positive Preclinical Data for REQORSA™ Immunogene Therapy in Non-Small Cell Lung Cancer at the 2021 AACR Annual Meeting

REQORSA Enhances Efficacy of Chemo-Immune Combination Therapy in KRAS-LKB1 Mutant NSCLC in Humanized Mice

REQORSA Overcomes Resistance to Targeted Therapy Osimertinib

AUSTIN, Texas–(BUSINESS WIRE)–Genprex, Inc. (“Genprex” or the “Company”) (NASDAQ: GNPX), a clinical-stage gene therapy company focused on developing life-changing therapies for patients with cancer and diabetes, today announced that its collaborators presented positive preclinical data for the combination of TUSC2 immunogene therapy (REQORSA™) in combination with chemotherapy and immunotherapies for the treatment of non-small cell lung cancer (NSCLC). Collaborators also presented positive preclinical data for the use of REQORSA in combination with targeted therapies for the treatment of NSCLC. These data were presented in two presentations at the 2021 American Association of Cancer Research (AACR) annual meeting. The TUSC2 gene is a tumor suppressor gene and is the active agent in REQORSA.

“We are pleased to have these positive data that provide further support for the therapeutic potential of REQORSA in combination with immunotherapies and targeted therapies in NSCLC presented before an audience of the world’s leading cancer researchers. These data are particularly encouraging as we look to initiate our upcoming combination Acclaim-1 and Acclaim-2 clinical trials of REQORSA in NSCLC,” said Rodney Varner, President and Chief Executive Officer of Genprex. “We know that many patients inevitably develop resistance to immune checkpoint blockade therapy or EGFR-TKI therapy. These data show that REQORSA in combination with immunotherapies and targeted therapies may provide enhanced efficacy in NSCLC that has become resistant to these regimens, offering hope to a large patient population who currently has limited treatment options.”

Featured Genprex-supported posters presented at AACR 21 include:

Oral Presentation

Session:

MS.IM02.02 – Overcoming Resistance in the Tumor Microenvironment: Novel Immunomodulatory Agents

Title:

“TUSC2 immunogene therapy enhances efficacy of chemo-immune combination therapy and induces robust antitumor immunity in KRAS-LKB1 mutant NSCLC in humanized mice”

Poster Number/Channel:

#76/Channel 03

Presentation Date/Time:

April 10, 2021 from 2:50-3:00 p.m. ET

Presenters:

Ismail M. Meraz, Mourad Majidi, RuPing Shao, Feng Meng, Min Jin Ha, Elizabeth Shpall, Jack A. Roth. University of Texas MD Anderson Cancer Center, Houston, TX

 
Poster Presentation

Session:

PO.ET03.01 – Drug Resistance in Molecular Targeted Therapies

Title:

“Overcoming resistance to osimertinib by TUSC2 gene therapy in EGFR mutant NSCLC”

Poster Number:

#1105

Presentation Date/Time:

April 10, 2021 from 8:30 a.m. – 11:59 p.m. ET

Presenters:

Ismail M. Meraz, Mourad Majidi, RuPing Shao, Lihui Gao, Meng Feng, Huiqin Chen, Min Jin Ha, Jack A

The first presentation, entitled “TUSC2 immunogene therapy enhances efficacy of chemo-immune combination therapy and induces robust antitumor immunity in KRAS-LKB1 mutant NSCLC in humanized mice,” showed that the triple combination of chemotherapy, immunotherapy (immune checkpoint blockade) and REQORSA demonstrated strong antitumor efficacy and induced robust antitumor immunity in KRAS-LKB1 (KL)-mutant NSCLC in clinically relevant humanized mice models.

In this study, researchers evaluated the antitumor immune response of a chemo-immunotherapy combination with REQORSA on highly metastatic KL-mutant human lung cancer in humanized mice. Humanized mice were first treated with REQORSA, immunotherapy nivolumab (Opdivo®), or the combination. The results showed synergistic antitumor activity with the combination. Next, humanized mice were treated with REQORSA, immunotherapy pembrolizumab (Keytruda®), or the combination. When REQORSA was added to the chemotherapy and immune checkpoint blockade combination, metastases regression was significantly greater than either REQORSA, REQORSA and pembrolizumab, or chemotherapy and pembrolizumab treatments.

“KRAS is a frequent genomic driver in lung adenocarcinoma,” said Michael Redman, Executive Vice President and Chief Operating Officer of Genprex. “LKB1 (also known as STK11) is a distinct subgroup of KRAS-mutants and is the most prevalent genomic driver of resistance to PD-1 blockade in KRAS-mutant lung cancer.”

The second poster, entitled “Overcoming resistance to osimertinib by TUSC2 gene therapy in EGFR-mutant NSCLC,” showed that REQORSA in combination with targeted therapy osimertinib (Tagrisso®) demonstrated synergistic antitumor efficacy in EGFR mutant osimertinib resistant NSCLC tumors in H1975-OsiR isogenic tumors. Researchers also found that the upregulation of PDK1 was associated with osimertinib resistance.

In this study, researchers developed an osimertinib resistant H1975-OsiR isogenic cell line through continuous exposure to osimertinib. Xenograft tumors from both H1975-parental and H1975-OsiR cells were developed in NSG mice and were treated with osimertinib. Synergistic antitumor activity of REQORSA and osimertinib was found in H1975-OsiR tumors. The combinations showed a robust antitumor effect compared with single agent treatment groups. Reverse phase protein array (RPPA) data showed that PDK1 was significantly upregulated in the REQORSA and osimertinib group when compared with either control, osimertinib alone or REQORSA alone treated H1975-OsiR tumors, indicating that PDK1 may be associated with osimertinib resistance. No PDK1 inhibitor effect was found in the REQORSA treated group, implicating the specific role of PDK1 in osimertinib resistance.

These AACR presentations and posters have been made available on Genprex’s website at www.genprex.com.

About Genprex, Inc.

Genprex, Inc. is a clinical-stage gene therapy company focused on developing life-changing therapies for patients with cancer and diabetes. Genprex’s technologies are designed to administer disease-fighting genes to provide new therapies for large patient populations with cancer and diabetes who currently have limited treatment options. Genprex works with world-class institutions and collaborators to develop drug candidates to further its pipeline of gene therapies in order to provide novel treatment approaches. The Company’s lead product candidate, REQORSA™ (quaratusugene ozeplasmid), is being evaluated as a treatment for non-small cell lung cancer (NSCLC). REQORSA has a multimodal mechanism of action that has been shown to interrupt cell signaling pathways that cause replication and proliferation of cancer cells; re-establish pathways for apoptosis, or programmed cell death, in cancer cells; and modulate the immune response against cancer cells. REQORSA has also been shown to block mechanisms that create drug resistance. In January 2020, the U.S. Food and Drug Administration granted Fast Track Designation for REQORSA for NSCLC in combination therapy with osimertinib (AstraZeneca’s Tagrisso®) for patients with EGFR mutations whose tumors progressed after treatment with osimertinib alone.

The Company is preparing to initiate its Acclaim-1 and Acclaim-2 clinical trials for the treatment of NSCLC. Acclaim-1 is an open-label, multi-center Phase 1/2 clinical trial that combines REQORSA with AstraZeneca’s Tagrisso in patients with late-stage NSCLC with mutated epidermal growth factor receptors (EGFRs), whose disease progressed after treatment with Tagrisso. The Acclaim-2 clinical trial will combine REQORSA with Merck & Co’s Keytruda for NSCLC patients who are low expressors (1% to 49%) of the protein programmed death-ligand 1 (PD-L1).

For more information, please visit the Company’s web site at www.genprex.com or follow Genprex on Twitter, Facebook and LinkedIn.

Cautionary Language Concerning Forward-Looking Statements

Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Genprex’s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under “Item 1A – Risk Factors” in Genprex’s Annual Report on Form 10-K.

Because forward-looking statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding: the timing and success of Genprex’s clinical trials and regulatory approvals; the effect of Genprex’s product candidates, alone and in combination with other therapies, on cancer and diabetes; Genprex’s future growth and financial status; Genprex’s commercial and strategic partnerships including the scale up of the manufacture of its product candidates; and Genprex’s intellectual property and licenses.

These forward-looking statements should not be relied upon as predictions of future events and Genprex cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Genprex or any other person that Genprex will achieve its objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Genprex disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.

Genprex, Inc.

(877) 774-GNPX (4679)

Investor Relations

GNPX Investor Relations

(877) 774-GNPX (4679) ext. #2

[email protected]

Media Contact

Genprex Media Relations

Kalyn Dabbs

(877) 774-GNPX (4679) ext. #3

[email protected]

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Applebee’s® Brings Flavor to the Neighborhood with the Return of Irresist-A-Bowls

Applebee’s® Brings Flavor to the Neighborhood with the Return of Irresist-A-Bowls

Guest-favorite Irresist-A-Bowls™ are BACK for just $8.99

GLENDALE, Calif.–(BUSINESS WIRE)–
Applebee’s Irresist-A-Bowls are making their return, and they’re better than ever. Now and for a limited time, guests can enjoy their favorite bowls packed with mouthwatering ingredients. Available for Dine-In, To Go or Delivery, each bowl is overflowing with delicious flavor you won’t be able to resist … all for only $8.99!*

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210412005020/en/

Applebee’s® Brings Flavor to the Neighborhood with the Return of Irresist-A-Bowls (Photo: Business Wire)

Applebee’s® Brings Flavor to the Neighborhood with the Return of Irresist-A-Bowls (Photo: Business Wire)

Each of Applebee’s Irresist-A-Bowls come with abundant toppings and are served up in delicious flavor combinations you can’t get anywhere else. Get adventurous and try the NEW Grilled Chicken & Spinach Alfredo Bowl or celebrate the return of our Crispy Orange Chicken Bowl. There’s no going wrong with this menu:

  • NEW Grilled Chicken & Spinach Alfredo Bowl
  • Homestyle Chicken Bowl
  • Crispy Orange Chicken Bowl

    • Guests can substitute shrimp for chicken at no cost
  • Tex-Mex Shrimp Bowl
  • Southwest Chicken Bowl

    • Guests can add steak for just $2

“When Applebee’s re-introduced Irresist-A-Bowls last year, guests were very excited about the combination of fresh new flavors at a tasty price,” said Joel Yashinsky, Chief Marketing Officer at Applebee’s. “Now, we are bringing more new flavors and favorites that give guests even more reasons to visit our restaurants or enjoy at home.”

For local restaurant hours, visit Applebees.com/restaurants, or to order Applebee’s for To Go or Delivery, visit Applebees.com or the Applebee’s mobile app (iOS, Google). Details on Applebee’s safety-first dining experience can be found at Applebees.com/safety.

For even more exclusive deals and specials, guests can sign-up to be a part of the neighborhood. Join Applebee’s E-Club and receive a welcome offer!

*Limited time. Price, participation, and selection may vary. Offer may not be valid with other offers, discounts or promotions. While supplies last. Delivery coverage varies by restaurant location.

About Applebee’s®

As one of the world’s largest casual dining brands, Applebee’s Neighborhood Grill + Bar serves as America’s kitchen table, offering guests a lively dining experience that combines simple, craveable American fare with classic drinks and local drafts. Applebee’s restaurants are owned and operated by entrepreneurs dedicated to more than serving great food, but also building up the communities that we call home. From raising money for local charities to hosting community fundraisers, Applebee’s is always Doin’ Good in the Neighborhood®. Applebee’s has 1,711 franchise and company-operated restaurants in the United States, Puerto Rico, Guam and 11 other countries as of December 31, 2020. Applebee’s is franchised by subsidiaries of Dine Brands Global Inc. [NYSE: DIN], which is one of the world’s largest full-service restaurant companies.

Follow us:

Instagram: @applebees

Twitter: @applebees

Facebook: www.facebook.com/applebees

For media inquiries, email us at [email protected]

Applebee’s

Melissa Hariri

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Retail Restaurant/Bar Food/Beverage

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Applebee’s® Brings Flavor to the Neighborhood with the Return of Irresist-A-Bowls (Photo: Business Wire)

Rayonier Advanced Materials Announces Strategic Sale of its Lumber and Newsprint Businesses to GreenFirst Forest Products for approximately $214 million

Rayonier Advanced Materials Announces Strategic Sale of its Lumber and Newsprint Businesses to GreenFirst Forest Products for approximately $214 million

JACKSONVILLE, Fla. & VANCOUVER, British Columbia–(BUSINESS WIRE)–
Rayonier Advanced Materials Inc. (NYSE: RYAM) (“RYAM”), a global leader in high purity cellulose pulp, and GreenFirst Forest Products Inc. (TSXV: GFP) (“GreenFirst”), a Canadian lumber company, announced today that the parties have entered into a binding asset purchase agreement (the “Agreement”) pursuant to which RYAM has agreed to sell all of its lumber and newsprint facilities and related assets located in Ontario and Québec. (the “Purchased Assets”) to GreenFirst for an expected purchase price of approximately US$214 million including inventory on hand at the time of closing (the “Purchase Price”) which is payable approximately 85% in cash, 15% common shares of the capital of GreenFirst. In addition, a chip offset credit note will be issued to RYAM by GreenFirst in the amount of CDN$7.9 million, which may be set off against amounts owing to GreenFirst for chip purchases, equally over the next 5 years. Notably, RYAM will retain all of the cash generated by the Purchased Assets plus all softwood lumber duties, including earned interest on the duties, paid to the U.S. Department of Commerce through the closing date. RYAM estimates the duties to be approximately $110 million at the time of closing.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210412005334/en/

The Purchased Assets:

  • include six lumber mills which are located in Chapleau, Cochrane, Hearst and Kapuskasing in Ontario and in Béarn and La Sarre in Québec as well as one newsprint mill located in Kapuskasing, Ontario.
  • produced 604 million board feet in 2020 with a combined nameplate capacity of 755 million board feet and are capable of producing a wide range of forest products used in residential and commercial construction, including dimensional lumber, wood chips and by-products.
  • include the lumber and newsprint mills as well as certain real property, machinery, inventory, permits, licenses and other related assets.
  • exclude accounts receivable and accounts payable.

RYAM and GreenFirst have also agreed to a 20-year residual fiber supply agreement to meet the continued fiber sourcing needs of RYAM’s High Purity Cellulose, High Yield and Paperboard operations in Temiscaming, Québec. The closing of the Agreement, which is expected to occur in the second half of 2021, but not prior to July 31, is subject to customary closing conditions, including receipt of regulatory approvals, the transfer of forestry licenses and the approval of the TSX Venture Exchange.

“This is a tremendous opportunity,” said Paul Rivett, Incoming Chairman of GreenFirst Forest Products and Chairman of NordStar Capital. “This represents a large step forward to our previously announced strategy of building GreenFirst as focused on lumber, newsprint and forestry investments. We are excited to be expanding our manufacturing footprint through this investment and to beginning a new chapter with all of Rayonier Advanced Materials’ sawmill and forestry employees in Ontario and Québec.”

“The sale of the lumber and newsprint businesses allows us to divest non-core assets at an attractive valuation and positions Rayonier Advanced Materials to further invest in the earnings growth of our core High Purity Cellulose assets and its biofuture while also reducing overall debt. Through our ongoing ownership in GreenFirst, we expect to participate in further upside while maintaining optionality to monetize at an appropriate time,” said Paul G. Boynton, President and Chief Executive Officer of Rayonier Advanced Materials. “I want to personally thank the lumber and newsprint management team and employees for their dedicated work for Rayonier Advanced Materials. We wish them well as they begin a new chapter with GreenFirst.”

For Rayonier Advanced Materials, BofA Securities is serving as financial advisor and McCarthy Tétrault LLP is serving as legal counsel. For GreenFirst, RBC Capital Markets is serving as financial advisor, NordStar Capital is serving as transactional advisor, Norton Rose Fulbright Canada LLP is serving as legal counsel and KPMG Transaction Services assisted with due diligence.

GreenFirst shareholders are directed to GreenFirst’s standalone press release issued today, which provides additional operational and financial information concerning the transaction.

About Rayonier Advanced Materials

Rayonier Advanced Materials is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in filters, food, pharmaceuticals and other industrial applications. The Company also manufactures products for lumber, paper and packaging markets. With manufacturing operations in the U.S., Canada and France, Rayonier Advanced Materials employs approximately 4,000 people and generates approximately $1.7 billion of revenues. More information is available at www.rayonieram.com.

About GreenFirst Forest Products

GreenFirst is a forest-first business, focused on environmentally sustainable forest management and lumber production. We believe that sustainable forest planting and harvesting, coupled with the long-term green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products. GreenFirst’s long-term pursuit is to be a global leader in environmentally sustainable lumber. For more information, please visit: www.gffp.ca

Forward-Looking Statements

Certain statements in this press release may constitute forward-looking statements that reflect management’s expectations regarding GreenFirst’s and Rayonier Advanced Materials’ future growth, financial performance and business prospects and opportunities, including in respect of the proposed transaction, as of the date of this press release. For example, this release includes, among others, forward-looking statements regarding GreenFirst’s and Rayonier Advanced Materials’ expectations regarding the anticipated benefits of the transaction; the future performance of the underlying businesses; the impact of the transaction on GreenFirst and its business; the anticipated receipt of required regulatory approvals; and the anticipated timing for closing the transaction. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “forecast”, “expect”, “estimate”, “predict”, “intend”, “would”, “could”, “if”, “may” and similar expressions. However, the absence of these or similar words or expressions does not mean a statement is not forward-looking.

All such statements are made pursuant to the “safe harbour” provisions of applicable Canadian securities legislation as well as the “safe harbor” provisions of applicable U.S. securities law, including without limitation the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These statements reflect current expectations of management regarding future events and operating performance and speak only as of the date of this press release. In addition, forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes.

By their nature, forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that predictions, forecasts, conclusions or projections will not prove to be accurate, that management’s assumptions may not be accurate and that actual results, performance or achievements may differ significantly from such predictions, forecasts, conclusions or projections expressed or implied by such forward-looking statements. We caution readers not to place undue reliance on the forward-looking statements in this press release as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, outlooks, expectations, goals, estimates or intentions expressed in the forward-looking statements.

These factors include, but are not limited to: general global economic, market and business conditions; governmental and regulatory requirements and actions by governmental authorities; relationships with employees, customers, business partners and competitors; and diversion of management time on the transaction. There are also risks that are inherent in the nature of the transaction, including failure to satisfy the conditions to the completion of the transaction and failure to obtain any required regulatory and other approvals (or to do so in a timely manner). The anticipated timeline for completion of the transaction may change for a number of reasons, including the inability to secure necessary regulatory or other approvals in the time assumed or the need for additional time to satisfy the conditions to the completion of the transaction. As a result of the foregoing, readers should not place undue reliance on the forward-looking information contained in this news release concerning the timing of the transaction.

GreenFirst and Rayonier Advanced Materials caution that the foregoing list is not exhaustive of all possible factors, as other factors could adversely affect our results.

When relying on forward-looking statements to make decisions with respect to GreenFirst, Rayonier Advanced Materials and their securities, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Neither GreenFirst and Rayonier Advanced Materials do not intend, and disclaim any obligation, to update any forward-looking statements, whether written or oral, or whether as a result of new information or otherwise, except as may be required by law.

Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

RYAM Media

Ryan Houck

904-357-9134

RYAM Investors

Mickey Walsh

904-357-9162

GFP Media & Investors

Jonathan Lowenstein

416-642-6430

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INDUSTRY KEYWORDS: Engineering Other Natural Resources Forest Products Manufacturing Natural Resources Other Manufacturing

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Yvette Butler joins Voya Financial board of directors

Yvette Butler joins Voya Financial board of directors

NEW YORK–(BUSINESS WIRE)–
Voya Financial, Inc. (NYSE: VOYA), announced today that Yvette Butler, 55, president, SVB Private Bank & Wealth Management, has joined the company’s board of directors. She will serve on the compensation and benefits committee; the nominating and governance committee; and the risk, investment and finance committee.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210412005534/en/

Yvette Butler, president, SVB Private Bank & Wealth Management, has joined the Voya Financial, Inc. (NYSE: VOYA) board of directors. (Photo: Business Wire)

Yvette Butler, president, SVB Private Bank & Wealth Management, has joined the Voya Financial, Inc. (NYSE: VOYA) board of directors. (Photo: Business Wire)

“I am very pleased to welcome Yvette to the Voya board,” said Rodney O. Martin, Jr., chairman and chief executive officer. “Yvette brings to our board over 25 years of experience in financial services, where she has distinguished herself as a strategist and leader in providing wealth advisory, banking and financial planning solutions. In particular, Yvette’s expertise in strategy development, operational execution, compliance and risk, digital product management and disruptive technologies will benefit all of our stakeholders. Her insights will be extremely valuable as we work to create a better financial future for all.”

Prior to joining SVB in June 2018, Butler served as executive vice president of Capital One Investing since April 2013. Before joining Capital One, she was managing director for Wells Fargo Advisors, heading up the direct business teams, including WFA Solutions and WellsTrade. Butler also previously led investor marketing for E*Trade and, at Merrill Lynch, launched the firm’s financial advisory center, which later became Merrill Edge. Butler’s early career included roles at Charles Schwab and McKinsey & Company.

Butler was named to the Washingtonian’s prestigious list of Most Powerful Women in Washington in 2017 and was named to Savoy magazine’s 100 Most Influential Blacks in Corporate America in 2020. She received an MBA from Stanford University’s Graduate School of Business and a bachelor’s degree in finance and management information systems from the University of Virginia’s McIntire School of Commerce. She is a board member and treasurer of the Washington Area Women’s Foundation.

About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA), provides health, wealth and investment solutions that enable its approximately 14.8 million individual, workplace and institutional clients to achieve their financial wellness goals with confidence. With a vision to be America’s Retirement Company®, Voya’s products, solutions and digital capabilities help create a better financial future for all. Voya is a Fortune 500 company that had $7.6 billion in revenue in 2020 and $700 billion in total assets under management and administration as of Dec. 31, 2020. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as one of the World’s Most Ethical Companies® by the Ethisphere Institute; as the No. 1-ranked financial services firm among Barron’s 100 Most Sustainable Companies for three consecutive years; as a member of the Bloomberg Gender-Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.

VOYA-IR VOYA-CF

Media Contact:

Christopher Breslin
(212) 309-8941

[email protected]

Investor Contact:

Michael Katz

(212) 309-8999

[email protected]

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Yvette Butler, president, SVB Private Bank & Wealth Management, has joined the Voya Financial, Inc. (NYSE: VOYA) board of directors. (Photo: Business Wire)

SEACOR Holdings and American Industrial Partners Announce 70.2% of SEACOR Shares Tendered, Offer Amended to Eliminate Ability to Tender by Guaranteed Delivery

SEACOR Holdings and American Industrial Partners Announce 70.2% of SEACOR Shares Tendered, Offer Amended to Eliminate Ability to Tender by Guaranteed Delivery

NEW YORK–(BUSINESS WIRE)–
SEACOR Holdings Inc. (NYSE: CKH) (“SEACOR”) and American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (“Purchaser”) announced that Purchaser is removing the ability to tender by guaranteed delivery into Purchaser’s outstanding tender offer at $41.50 per share. SEACOR and Purchaser also announced that 70.2% of outstanding shares have been tendered into the offer, including 7.6% by guaranteed delivery, and that the offer has been extended to 5:00 p.m. EDT on Wednesday, April 14, 2021 to permit the shares tendered by guaranteed delivery to be actually delivered physically or by book-entry. In accordance with Delaware law, the transaction’s minimum tender condition requires that shares tendered by physical or book-entry delivery represent 66 2/3% of outstanding shares. SEACOR and the Purchaser have also agreed to extend the End Date under the Merger Agreement to Friday, April 16, 2021.

The extension of the offer to April 14, and the End Date to April 16, and the removal of the ability to tender by guaranteed delivery, were taken by Purchaser in coordination with the SEACOR board specifically to allow shares previously tendered by guaranteed delivery to be delivered physically or by book-entry, so that the minimum tender condition is met, and to avoid possible confusion in the market place caused by shares being tendered that don’t qualify for meeting the minimum tender condition. In connection with these actions, Purchaser has agreed to pay SEACOR an extension fee of $1,250,000 per day that the offer is extended.

American Stock Transfer & Trust Company, LLC, the depository for the tender offer, has indicated that, as of 5:00 p.m. on April 9, 2021, a total of 14,428,458 shares, representing 70.2% of the outstanding shares, had been validly tendered. Of these shares, 12,857,350 shares, representing 62.6% of the outstanding shares, were tendered physically or by book-entry, and 1,571,108 shares, representing 7.6% of the outstanding shares, were tendered pursuant to guaranteed delivery procedures.

Shareholders who have already tendered their shares by physical or book-entry delivery should not re-tender their shares or take any other action as a result of the extension of the tender offer. Stockholders who have tendered by guaranteed delivery should fulfill their guarantee obligations as soon as possible by delivering their shares physically or by book-entry. Shareholders should be aware that shares traded with T+2 settlement can now not be tendered until two trading days after the trade and the success of the offer is dependent on sufficient shares being tendered physically or by book-entry.

Purchaser is ready to close the transaction and, when 66 2/3% of outstanding shares are delivered physically or by book-entry, closing and payment for the shares will occur promptly within three business days.

The tender offer is being made pursuant to the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) in the Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the “Tender Offer Statement”) filed by Purchaser and its affiliates with the United States Securities and Exchange Commission on December 18, 2020, as amended.

About American Industrial Partners

American Industrial Partners is an operationally oriented private equity firm that invests in industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, American Industrial Partners has completed more than 100 transactions and currently has more than $8 billion of assets under management on behalf of leading pension, endowment and financial institutions. For more information on American Industrial Partners, visit www.americanindustrial.com.

Additional Information and Where to Find It

The tender offer described in this communication commenced on December 18, 2020. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of SEACOR. On December 18, 2020, the bidders filed with the United States Securities and Exchange Commission (the “SEC”) a Tender Offer Statement on Schedule TO, and SEACOR filed with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9. SEACOR’S STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT BECAUSE THEY CONTAIN IMPORTANT INFORMATION WHICH SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. The Tender Offer Statement and the Solicitation/Recommendation Statement are available for free at the SEC’s web site at www.sec.gov. Additional copies may be obtained for free by contacting SEACOR. Free copies of these materials and certain other offering documents will be made available by SEACOR upon request by mail to SEACOR Holdings Inc., 2200 Eller Drive, P.O. Box 13038, Fort Lauderdale, FL 33316, attention: Investor Relations, or by phone at 1-954-523-2200, or by directing requests for such materials to the information agent for the offer named in the Tender Offer Statement. Copies of the documents filed with the SEC by SEACOR will be available free of charge under the “Investors” section of SEACOR’s internet website at seacorholdings.com. In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, SEACOR files annual, quarterly and current reports, proxy statements and other information with the SEC. SEACOR’s filings with the SEC are also available for free to the public from commercial document-retrieval services and at the website maintained by the SEC at www.sec.gov.

Information Agent

Michael Madalon

D.F. King & Co., Inc.

212-269-5732 / 917-294-9326

[email protected]

Investors

Innisfree M&A Incorporated

Scott Winter / Jonathan Salzberger

212-750-5833

Media

Stephen Pettibone / Mike DeGraff

Sard Verbinnen & Co.

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

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United States Steel Corporation to Release First Quarter 2021 Financial Results on April 29, 2021

United States Steel Corporation to Release First Quarter 2021 Financial Results on April 29, 2021

PITTSBURGH–(BUSINESS WIRE)–
United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced that it will release financial results for the first quarter 2021 on Thursday, April 29, 2021 following the close of trading on the New York Stock Exchange. Interested stockholders, investors, and others may listen to the company’s webcast on Friday, April 30, 2021 at 8:30 a.m. EDT. The webcast will discuss the first quarter 2021 financial results and provide a company update which may include forward-looking information.

U. S. Steel officials participating on the webcast include David B. Burritt, President and Chief Executive Officer, Christine S. Breves, Senior Vice President and Chief Financial Officer, Rich Fruehauf, Senior Vice President, Chief Strategy and Development Officer and Kevin Lewis, Vice President, Investor Relations and Corporate FP&A.

To access the webcast, visit the company’s website at www.ussteel.com and click “Investors.” Shortly after the call, a replay of the webcast will be available on the company’s website.

Financial information, including earnings releases, certain SEC filings and other investor-related material, is also available at the company’s website.

Founded in 1901, the United States Steel Corporation is a Fortune 250 company and a leading steel producer. Together with its subsidiary Big River Steel and an unwavering focus on safety, the company’s customer-centric Best of BothSM world-competitive integrated and mini mill technology strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3™ advanced high-strength steel. The company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 26.2 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

John O. Ambler

Vice President

Corporate Communications

T – (412) 433-2407

E – [email protected]

Kevin Lewis

Vice President

Investor Relations

T – (412) 433-6935

E – [email protected]

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: Steel Manufacturing

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Citi, Bank of America to Lead Development of Independent Data and Execution Platform

Citi, Bank of America to Lead Development of Independent Data and Execution Platform

NEW YORK–(BUSINESS WIRE)–
Citi and Bank of America are working together to build a new industry-led independent data and execution platform for fixed income markets.

The venture plans to develop a next generation trading, data and analytics platform for structured credit and underlying collateral markets. The contemplated multi-dealer platform will focus initially on CLOs and syndicated loans, with plans to expand into other asset classes.

Bank of America and Citi initiated the build of this platform to address some of the biggest challenges in both CLO and Syndicated Loan markets, for both dealers and buy-side clients including efficiency, liquidity, and cost of execution. Citi is backing this effort through its Spread Products Investment Technologies (SPRINT) group, within the Citi Markets FinTech Investments program.

“With the acceleration of electronification in the fixed income market, this collaborative effort will help lead the change,” said Brian Bejile, Head of Loan Portfolio Trading and E-Trading for Loans and CLOs at Citi. “The platform, which is currently in testing phase and is expected to launch later this year will build out a more accessible, user-friendly marketplace for third party data and analytics and will combine the trading and data consumption in these markets onto a single platform with seamless user experience.”

“The aim is to create an independent, multi-dealer platform for the CLO and loan market,” said David Trepanier, Head of Structured Products, Global Credit at Bank of America. “Not only will the platform help to increase operational efficiencies and transparency, we believe this is going to change how the industry currently trades in these markets and eventually lead to greater liquidity and market participation.”

“We are excited about Bank of America and Citi coming together to form this industry-led initiative to better serve the buy-side community,” said Alex Naboicheck, Head of U.S. Leveraged Loan Trading at Bank of America.

The banks are also focused on modernizing technology development and speed to market for new products and protocols. The agile, low code methodology used to build the initial two protocols for CLO BWICS and loan matching aims to shorten development lead time relative to traditional models.

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at http://www.citigroup.com | Twitter: @Citi | YouTube: http://www.youtube.com/citi | Blog: http://blog.citigroup.com/ | Facebook: http://www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

About Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,700 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,400 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 31 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.

Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters May Contact:

Citi

Scott Helfman

+1 212-816-9241

[email protected]

Bank of America

Gaël Gunubu

+442079965625

[email protected]

KEYWORDS: United States North America Canada New York

INDUSTRY KEYWORDS: Consulting Data Management Banking Accounting Technology Professional Services Small Business Other Technology Software Other Professional Services Finance

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Mastercard Unveils New Carbon Calculator Tool for Banks Globally, as Consumer Passion for the Environment Grows

Mastercard Unveils New Carbon Calculator Tool for Banks Globally, as Consumer Passion for the Environment Grows

  • New study of consumers in 24 countries shows the pandemic is prompting billions1 to consider more sustainable behaviors
  • A large proportion of adults (85%) state they’re willing to take personal action to combat environmental and sustainability issues in 2021
  • New Mastercard feature enables banks to equip people with carbon footprint data and insights to help inform consumer spending and offer ways to contribute to reforestation

PURCHASE, N.Y.–(BUSINESS WIRE)–
New research on sustainability, commissioned by Mastercard, reveals a marked increase in consumer passion for the environment as a result of COVID-19. More than half of those surveyed across the world (54%) see reducing their carbon footprint as more important now than pre-pandemic. This signals a growing trend toward eco-conscious spending and consumption among people who want to turn their purchases and rewards redemption into meaningful action for the planet.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210412005531/en/

Mastercard Carbon Calculator helps inform consumer spending (Photo: Business Wire)

Mastercard Carbon Calculator helps inform consumer spending (Photo: Business Wire)

To address this, Mastercard, in collaboration with Swedish fintech Doconomy, developed the Mastercard Carbon Calculator. Now integrated across Mastercard’s global network, this feature is easy for banks to adopt and customize for eco-conscious consumers who are looking for more ways to be informed about their spending. It provides access to insights and data about carbon impact and enables people to easily contribute to preserving the environment.

“Companies, consumers and communities must work together to make the significant changes needed to effectively address climate change,” said Jorn Lambert, Chief Digital Officer, Mastercard. “The Mastercard Carbon Calculator informs consumers about the carbon footprint of their purchases, so that they can make more mindful spending decisions and contribute to forest restoration. By embedding sustainability into the very fabric of our business, we can unlock the power of our network, reaching billions of consumers and partners, to create positive change for the environment. This builds on the creation last year of the Priceless Planet Coalition, which unites businesses and consumers to restore 100 million trees.”

The Carbon Calculator enables consumers to receive a snapshot of the carbon emissions generated by their purchases across spending categories. The calculations are powered by the independently verified Åland Index and can be further enhanced with relatable and easy-to-understand equivalents (such as the number of trees required to absorb the same amount of CO2), and tips about living more sustainably. Consumers also have the option to contribute to the forest restoration projects of the Priceless Planet Coalition – whether by donating or using banks’ loyalty rewards programs. Banks can seamlessly integrate the Carbon Calculator into their mobile apps through new APIs that are now available on Mastercard Developers.

“By engaging a whole industry in enabling individual insights as well as collective action, Mastercard has redefined the role the financial industry can play every day in tackling the climate crisis,” said Mathias Wikström, Chief Executive Officer, Doconomy. “When others are talking of the importance of ESG, Mastercard is putting it to work at the fingertips of the consumer.”

Consumers are increasingly conscious of their own actions and those of brands.

Over half of those surveyed globally (54%) see reducing their carbon footprint as more important now, and almost three in five (58%) have become more conscious about how their actions can impact the environment than ever before, with Gen Z and Millennials (65%) leading this trend. However, as consumers become more aware of their own actions, more than three in five (62%) believe that companies should behave in more sustainable and eco-friendly ways since COVID-19, with Gen Z also leading this shift (65%).

The trend toward more conscious consumption has grown over the last decade. However, changes in attitudes and actions have increased rapidly as a result of COVID-19. As consumers across the globe call on companies and brands to behave in more sustainable and eco-friendly ways, global respondents also revealed that reducing waste (37%), reducing air and water pollution (35%), and tackling the issue of plastic pollution in packaging and products (35%) are the top three issues they want companies and brands to focus on, in addition to dealing with the pandemic. Being more aware of purchases is also one of the top changes that people will make as a result from COVID-19 (42%).

Mastercard is equipping its global network to be a positive force for the environment.

Ahead of Earth Day on April 22, the Priceless Planet Coalition will be activating several sustainability-related campaigns to contribute to the goal of restoring 100 million trees:

  • First Hawaiian Bank is embedding sustainability rewards into its loyalty program, with additional bank partners to follow in the coming months. Cardholders can put their reward points to good use by redeeming them for growing new trees.
  • Recognizing the importance of social media in creating awareness and advocacy for the environment among consumers, starting April 15, Mastercard will launch a campaign on TikTok and Instagram in the U.S., U.K., Germany and the Netherlands to encourage people to plant a tree for a friend to celebrate the planet. The company will match donations when people use their Mastercard.
  • From April 22 to May 3, Mastercard cardholders in the US will be able to bid on a selection of curated, Priceless experiences spanning passions from dining to golf, from celebrity encounters to the great outdoors and much more. All auction proceeds will benefit the Priceless Planet Coalition’s forest restoration projects.

The Priceless Planet Coalition continues to expand and now includes more than 50 members. The most recent partners to join include: Arnold & Winnie Palmer Foundation, Bass Pro Shops and Cabela’s, ekko, Fair Square Financial, GLS Bank, Hellenic Bank, JetBlue, Paybox Bank, Pebble Beach Resorts, PGA Tour, and UKRSIBBANK BNP Paribas Group.

In addition to the Carbon Calculator, Mastercard offers other environmentally focused products and services, such as cards made from sustainable materials to reduce plastic waste. The company has also pledged to reach net zero emissions by 2050, building on existing commitments to reduce greenhouse gas emissions aligned with 1.5-degrees Celsius. Mastercard has also issued a $600 million sustainability bond and recently announced changes to its executive compensation model to help accelerate progress around three global ESG goals: carbon neutrality, financial inclusion and gender pay parity. This is all in support of the company’s goal of building a more sustainable and inclusive digital economy.

For further information please visit www.PricelessPlanet.org or contact Erin Goodhand ([email protected]).

Notes to editors

All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 25519 adults from UK, Germany, Belgium, Italy, Sweden, Colombia, USA, India, Greece, Netherlands, Austria, France, Turkey, Mexico, Brazil, Kenya, Poland, Russia, Spain, Portugal, UAE, Canada, Australia and Japan. Fieldwork was undertaken between 19th January – 5th March 2021. The survey was carried out online. The figures have been weighted and are representative of all country adults (aged 18+).

1 Mastercard calculated the world population of 7.9 billion (source: Worldometres) with 85% admitting they’re willing to take personal action. This calculation is 6,715,000,000.

About Mastercard (NYSE: MA), www.mastercard.com Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

Erin Goodhand ([email protected])

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Technology Environment Finance Networks Banking

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Mastercard Carbon Calculator helps inform consumer spending (Photo: Business Wire)

SOL Global Investments Corp. Acquires 10.22% Equity Stake in Captor Capital Corp.

SOL Global Investments Corp. Acquires 10.22% Equity Stake in Captor Capital Corp.

Captor Capital Corp. owns 51% of One Plant California

SOL Globals average-cost-base on Captor Capital Corp. is approximately $0.83 per share

TORONTO–(BUSINESS WIRE)–
SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE:SOL) (OTCPK:SOLCF) (Frankfurt:9SB) announces that it has acquired more than 10% of the issued and outstanding Common Shares (“Common Shares”) of Captor Capital Corp. (“Captor”) (CSE:CPTR) through the facilities of the Canadian Securities Exchange (“CSE”).

“Captor owns a 51% interest in One Plant California which operates six (6) retail stores in California at the moment,” said Andrew DeFrancesco, Chairman and Chief Executive Officer of SOL Global. “We are big believers in California cannabis, especially at the premium retail level. As founders of One Plant Florida, we are beyond confident in what can be achieved in California given the experienced team leading the charge.”

On April 6, 2021, SOL Global acquired 67,000 Common Shares at a price of $1.20 per Common Share through the facilities of the CSE for total consideration of $81,219.00 (the “Transaction”). Immediately before the completion of the Transaction, SOL Global owned 3,790,500 Common Shares, representing approximately 9.84% of the issued and outstanding Common Shares on a non-diluted basis. Following the completion of the Transaction and all subsequent acquisitions of Common Shares by the Acquiror on April 6, 2021 and April 7, 2021, SOL Global now owns 3,938,200 Common Shares, representing approximately 10.22% of the issued and outstanding Common Shares on a non-diluted basis. SOL Global’s average-cost-base on Captor is $0.83 per Common Share.

The completion of the Transaction, together with all subsequent acquisitions of Common Shares by the Acquiror on April 6, 2021 and April 7, 2021, resulted in a 0.38% increase in the Company’s security holding percentage of the issued and outstanding Common Shares.

The Company acquired the securities reported herein for investment purposes. The Company may, depending on market and other conditions, increase or decrease its beneficial ownership in Captor’s securities, whether in transactions over the open market, by privately negotiated arrangements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

This news release is being issued to comply with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”). An early warning report will be filed on SEDAR in accordance with NI 62-103. To obtain more information or to obtain a copy of the early warning report to be filed in respect of this news release, please contact SOL Global at the contact details noted below.

About SOL Global Investments Corp.

SOL Global is a diversified investment and private equity holding company engaged in the small and mid-cap sectors. SOL Global’s investment partnerships range from minority positions to large strategic holdings with active advisory mandates. The Company’s seven primary business segments include Retail, Agriculture, QSR & Hospitality, Media Technology & Gaming, and New Age Wellness.

The Company’s head office is located at 100 King Street West, Suite 5600, Toronto, Ontario, M5X 1C9. Captor’s head office is located at 4 King Street, Suite 401, Toronto, Ontario, M5H 1B6.

Cautionary Statements

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained in this press release includes, without limitation, information relating to the Company’s investment plans.

Forward-looking information is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct.

By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including the inability or failure of the Company’s portfolio companies to execute their business and strategic plans as contemplated or at all, changes in national or regional economic, legal, regulatory and competitive conditions and a resurgence in the COVID-19 pandemic.

Other risk factors include: the risks resulting from investing in the US marijuana industry, which may be legal under certain state and local laws but is currently illegal under U.S. federal law; the risks of investing in securities of private companies which may limit the Company’s ability to sell or otherwise liquidate those securities and realize value; reliance on management; the ability of the Company to service its debt; the Company’s ability to obtain additional financing from time to time to pursue its business objectives; competition; litigation; inconsistent public opinion and perception regarding the medical-use and adult-use marijuana industry; and regulatory or political change. Additional risk factors can also be found in the Company’s current MD&A, which has been filed on SEDAR and can be accessed at www.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information.

The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

SOL Global Investments Corp.

Paul Kania, Chief Financial Officer

Phone: (212) 729-9208

Email: [email protected]

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Medical Supplies Finance Banking Professional Services Alternative Medicine General Health Pharmaceutical Health Agriculture Natural Resources

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