Market Newsdesk

February 5, 2021 10:53 pm

SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS IRTC, PEN, QS, SWI INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits

NEW ORLEANS, Feb. 05, 2021 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending deadlines in the following securities class action lawsuits:

SolarWinds Corporation (SWI)

Class Period: 2/24/2020 – 12/15/2020
Lead Plaintiff Motion Deadline: March 5, 2021
SECURITIES FRAUD
To learn more, visit https://www.ksfcounsel.com/cases/nyse-swi/

QuantumScape Corporation (QS)

Class Period: 11/27/2020 – 12/31/2020
Lead Plaintiff Motion Deadline: March 8, 2021
SECURITIES FRAUD
To learn more, visit https://www.ksfcounsel.com/cases/nyse-qs/

Penumbra, Inc. (PEN)

Class Period: 8/3/2020 – 12/15/2020
Lead Plaintiff Motion Deadline: March 16, 2021
SECURITIES FRAUD
To learn more, visit https://www.ksfcounsel.com/cases/nyse-pen/

iRhythm Technologies (IRTC)

Class Period: 8/4/2020 – 1/28/2021
Lead Plaintiff Motion Deadline: April 2, 2021
SECURITIES FRAUD
To learn more, visit https://www.ksfcounsel.com/cases/nasdaqgs-irtc/

If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner, Lewis Kahn, toll-free at 1-877-515-1850, via email ([email protected]), or via the case links above.

If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.

About
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163

February 5, 2021 10:44 pm

CORELOGIC INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CoreLogic, Inc. – CLGX

NEW ORLEANS–(BUSINESS WIRE)–
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of CoreLogic, Inc. (NYSE: CLGX) to funds managed by Stone Point Capital and Insight Partners. Under the terms of the proposed transaction, shareholders of CoreLogic will receive only $80.00 in cash for each share of CoreLogic that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-clgx/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210205005554/en/

Kahn Swick & Foti, LLC

Lewis S. Kahn

[email protected]

855-768-1857

KEYWORDS: Louisiana United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

Logo

February 5, 2021 10:30 pm

Toga Limited Reports 2019 and 2020 Unaudited Year End Financial Results

LOS ANGELES, Feb. 05, 2021 (GLOBE NEWSWIRE) — Toga Limited, a Nevada corporation (OTC: TOGL) today announces its unaudited financial results for fiscal years ended July 31, 2020 and 2019.

Year-End 2020 and 2019 Unaudited Financial Highlights

The Company is posting its unaudited financial results as of and for the year-ended July 31, 2020 along with its unaudited, as restated financial results as of and for the year-ended July 31, 2019.

Results of Operations

Fiscal Year Ended July 31, 2020 (Unaudited) Compared to Fiscal Year Ended July 31, 2019 (Unaudited) (As restated)

	Year ended
	July 31,
	2020 (Unaudited)			2019 (Unaudited) (As restated)			Change		%
Revenue	$	16,488,953		$	5,888,234		$	10,600,719		180.0	%
Cost of Goods Sold		10,347,848			1,729,748			8,618,100		498.2	%
Gross Profit (Loss)	$	6,141,105		$	4,158,486		$	1,982,619		47.7	%
Gross Margin		37.24	%		70.62	%

Gross Margin by product for the year ended July 31, 2020 (Unaudited)

	Product Sales			Advertising			Royalty Fee			Yippi			TogaGo			Total
Revenue	$	7,945,893		$	801,034		$	400,000		$	6,353,451		$	988,575		$	16,488,953
Cost of Goods Sold		3,901,950			–			–			5,531,377			914,521			10,347,848
Gross Profit (Loss)	$	4,043,943		$	801,034		$	400,000		$	822,074		$	74,054		$	6,141,105
Gross Margin		50.89	%		100.00	%		100.00	%		12.94	%		7.49	%		37.24	%

Gross Margin by product for the year ended July 31, 2019 (Unaudited) (as restated)

																			Software Maintenance
	Product						Royalty			Management									&
	Sales			Advertising			Fee			Fee			Yippi			TogaGo			Subscription			Total
Revenue	$	4,273,252		$	190,400		$	240,000		$	1,072,630		$	–		$	–		$	111,952		$	5,888,234
Cost of Goods Sold		379,237			–			–			–			1,337,477			13,034			–			1,729,748
Gross Profit (Loss)	$	3,894,015		$	190,400		$	240,000		$	1,072,630		$	(1,337,477	)	$	(13,034	)	$	111,952		$	4,158,486
Gross Margin		91.13	%		100.00	%		100.00	%		100.00	%		–			–			100.00	%		70.62	%

Revenue increased by approximately $10.6 million in the year ended July 31, 2020, compared to the prior year period, driven by a $6.4 million increase in Yippi in-app purchases, a $989,000 increase in TogaGo platform sales, and a $3.7 million increase in direct marketing network revenue.

Gross profit also increased by approximately $2.0 million in the year ended July 31, 2020, compared to the prior year period, due to the new business lines. We invested significantly in staff and infrastructure, which was in the early implementation stage, but management expects reductions in our general and administrative expenses as a percentage of revenue going forward.

	Year ended
	July 31,
	2020 (Unaudited)			2019 (Unaudited) (As restated)			Change			%
Operating expenses:
General and administrative expenses	$	6,748,888			3,183,220			3,565,668			112.0	%
Salaries and wages		6,515,159			13,074,717			(6,559,558	)	(50.2		)%
Professional fees		2,457,035			1,110,236			1,346,799			121.3	%
Depreciation		278,247			93,426			184,821			197.8	%
Total operating expenses		15,999,329			17,461,599			(1,462,270	)	(8.4		)%
Loss from Operations		(9,858,224	)		(13,303,113	)		3,444,889		(25.9		)%
Other Income (Expense)		560,044			3,246,419			(2,686,375	)	(82.7		)%
Net Loss	$	(9,868,611	)		(10,212,214	)		343,603		(3.4		)%

Net loss decreased by approximately $344,000, or 3.4%, in the year ended July 31, 2020, compared to the prior year period, due to an increase in gross profit offset by a decrease in other income of $2.7 million and a decrease in loss from operations primarily attributed to the decreases in salary and wages, including stock-based compensation, offset by an increase in general and administrative expenses of approximately $3.6 million.

Liquidity and Capital Resources

	July 31,		July 31,
	2020 (Unaudited)		2019 (Unaudited) (As restated)		Change			%
Cash and cash equivalents	$	9,374,314	$	14,916,556	$	(5,542,242	)	(37.2		%)
Total Assets	$	18,026,404	$	23,554,425	$	(5,528,021	)	(23.5		%
Total Liabilities	$	10,269,467	$	9,049,782	$	1,219,685			13.5	%
Working Capital	$	3,270,210	$	10,080,247	$	(6,810,037	)	(67.6		%)

As of July 31, 2020, our total assets were $18.0 million, and our total liabilities were $10.0 million. Liabilities were comprised primarily of current liabilities of $10.3 million, of which included accounts payable and accrued liabilities of $3.5 million and deferred revenue of $6.6 million.

Our stockholders’ equity decreased from $14.7 million as of July 31, 2019 to $7.8 million as of July 31, 2020.

We had $9.4 million in cash as of July 31, 2020, and we had assets to meet ongoing expenses or debts that may accumulate. Accumulated deficit was $34.5 million as of July 31, 2020, compared to accumulated deficit of approximately $24.6 million as of July 31, 2019.

Our working capital decreased by $6.8 million to $3.3 million at July 31, 2020, as compared to $10.1 million at July 31, 2019, due primarily to the decrease in our current assets, consisting of a decrease in cash and cash equivalents of $5.5 million and prepaid expense and other current assets of $2.8 million, and the increase in our current liabilities, consisting of an increase in and deferred revenue of $1.8 million.

Cash Flow

	Year ended
	July 31,						Change
	2020 (Unaudited)			2019 (Unaudited) (As restated)			Amount			%
Cash Flows provided by (used in) operating activities	$	(5,345,401	)	$	2,729,719		$	(8,075,120	)	(295.8		%)
Cash Flows (used in) investing activities		(351,600	)		(372,077	)		20,477		(5.5		%)
Cash Flows provided by (used in) financing activities		(36,616	)		11,371,008			(11,407,624	)	(100.3		%)
Effects on changes in foreign exchange rate		191,375			123,234			68,141			55.3	%
Net change in cash and cash equivalents during period	$	(5,542,242	)	$	1,064,572		$	(6,606,814	)	(620.6		%)

Cash Flow from Operating Activities

As of July 31, 2020, we had not generated positive cash flow from operating activities. For the year ended July 31, 2020, net cash flows used in operating activities was $5.3 million compared to $2.7 provided by operating activities during the year ended July 31, 2019. Cash flows provided by operating activities for the year ended July 31, 2020 was comprised of a net loss of $9.9 million, which was offset by non-cash expenses of $4.2 million, of which $3.5 million for loss on for stock-based compensation, and a net change in working capital of $2.8 million. Cash flows provided by operating activities for the year ended July 31, 2019 was comprised of a net loss of $10.2 million, which was increased by non-cash income of $3.2 million for gain on sale of digital currency, and was offset by non-cash expenses of $93,000 for depreciation, $11.1 million for stock-based compensation, and a net change in working capital of $5.0 million.

Cash Flows from Investing Activities

During the year ended July 31, 2020, we used $351,000 for the purchase of property and equipment. During the year ended July 31, 2019, we used $372,000 in investing activities for the purchase of property and equipment.

Cash Flows from Financing Activities

We have financed our operations primarily from either advances and loans from related and third parties or the issuance of equity instruments. For the year ended July 31, 2020, net cash used in financing activities was $37,000, consisting of proceeds from subscription receivable and proceeds from related parties of $224,000, offset by repayment to related parties of $107,000 and redemption of stock options of $157,000. For the year ended July 31, 2019, net cash provided by financing activities was $11.4 million, consisting of proceeds from the sale of shares of our Common Stock of $2.1 million, and proceeds from sales of digital currency of $9.5 million, offset by repayment to related parties of $185,000.

Contact:

Alexander D. Henderson
TOGA LIMITED, 515 S. Flower Street, 18th Floor, Los Angeles, CA 90071
(949) 333-1603
[email protected]

February 5, 2021 10:16 pm

UPDATE — The Virtual production stage that is reinventing how businesses communicate

Salesforce brings Hollywood to corporate communications — behind the (virtual) curtain of the xR Stage

SAN FRANCISCO, Feb. 05, 2021 (GLOBE NEWSWIRE) — The COVID-19 pandemic has prompted change in every industry, but few as fundamentally as those dependent on in-person gatherings, such as live events and film production. At a time when it is vital for businesses to establish strong media strategies, current circumstances are throttling live trade show events and filmed content creation.

Virtual production spaces like Salesforce’s partnership with an Extended Reality Stage in Marin, California, stand to change that.

What if instead of trying to get crews and presenters to a speciﬁc location, creators could bring locations to them? This is exactly what Salesforce did for a recent 40-day ﬁlm production for their annual 2020 Dreamforce event.

“We set up a shot on top of a mountain in the Alps, but we were actually in Marin, California,” said Clayton Talmon, executive producer, ﬁlm director at Salesforce. “The executive could drive over from her home across the bay and be placed in the Alps.”

Through the xR Stage, located in the San Francisco Bay Area, brands can continue to produce high-quality marketing and communications content “set” anywhere in the world — with higher degrees of COVID-19 safety, convenience and creative control.

Virtual production is a set of combined practices from film/TV, 3D and gaming technology that allows creators to merge physical and computer-generated content on set. It garnered public attention through its adoption by director Jon Favreau in 2019’s “The Lion King” and “The Mandalorian,” of which 50% of its first season was filmed using virtual production.

Inspired by the possibilities of this new methodology, Talmon saw an opportunity to bring these capabilities to business communications and has already found success producing work for many of Salesforce’s customers.

“Salesforce has always been on the leading edge of bringing world-class commercial productions to branded corporate content and executive messaging,” Talmon said. “That’s our big breakthrough here: We’re one of the first ones to [fast-track] it into the business world.”

Though it shares similarities with green screen, virtual production is far more sophisticated. With traditional visual effects, digital content is added to footage in post-production. At an xR Stage, filmmakers see it all together right from the director’s chair, where the camera becomes a window into synthetic worlds displayed on LED screens behind talent. Adding another layer of depth through video game software like Unreal Engine, creators can also display 3D content composited in front of performers, letting them interact with data visualizations, products and virtual characters.

“It bends the brain a bit,” Talmon said. “What is digital looks three-dimensional and you feel like you’re transported to a beach in Hawaii, but you’re on a soundstage.”

Using one physical location for entire shoots also increases safety for clients, cast and crew. Salesforce was able to maintain rigorous COVID-19 testing standards, administering more than 700 tests across 40 days of filming. Crewmembers can be hired locally, minimizing travel. The xR Stage even streamlines the process of shooting remotely for people who aren’t able to leave home.

“COVID is the reason why Clayton and I are not on planes filming around the world,” said Emma Brumpton, senior producer and media development manager at Salesforce. “A lot of our speakers still didn’t feel safe coming onto the stage, so we set up remote production kits, which allowed us to remotely insert them onto the stage.”

From necessity to opportunity

Uncharted territories bring unexpected challenges. Film, games and technology professionals all use different “languages,” and are not necessarily accustomed to translating them across industries. COVID-19 may have catalyzed the need for the xR Stage, but Talmon also used its initial projects to streamline workflows he believes will prove invaluable post-pandemic due to the unprecedented degree of creative control and efficiencies it gives his teams.

“I can have sunset all day long,” Talmon said. “Oftentimes we’re timing for a 10-minute window of light. In this case, we just park the sun within the 3D set and it stays there all day.”

New learning curves and the need for environments to be generated in advance mean that the xR Stage setups generally require more effort upfront than on-location equivalents. The trade-off is that productions can be optimized for those with the trickiest schedules: C-suite executives and other “A-List” individuals. Whether it’s the CEO who needs to squeeze a live keynote broadcast into a packed day or the celebrity who can shoot five locations without hopping on as many planes — for the right person, virtual production is a groundbreaking time-saver.

“The stage is limitless,” Brumpton said. “That is the most exciting part, to be able to bring a customer on and say, ‘Yes, we can bring you to Shanghai within minutes; yes, we can bring you to London.’”

Virtual production is also a way of betting on the future. With many claiming that remote work is “here to stay,” high-quality digital productions are transitioning from luxuries to necessities.

“As creatives, we are always thinking about taking physical events and customer stories and recreating them. COVID-19 has accelerated and amplified our need to make an emotional connection with our customers through rich media that delivers valuable, relevant content during Dreamforce and our World Tour physical events,” Talmon said. “We now need to take that all online.”

Talmon also imagines a future in which the xR Stage offers value for less conventionally digital-forward verticals, particularly as emerging media technologies like virtual and augmented reality enter the mainstream.

“xR is also future-proofing for industries like education, training, design, health care and eCommerce,” Brumpton said. “The content we’ll capture in the future of the xR Stage will definitely be used within VR/AR, new gamified experiences and in tackling real-world problems.”

For now, Salesforce remains focused on its goal of facilitating trusted, informative communication for its customers and partners around the world.

“At the end of the day, businesses want to communicate with their customer base,” Talmon said. “That one-on-one relationship we used to have when people walked into your store, show room or trade show — is gone for the foreseeable future. The XR technology, used properly, allows you to create high-level production value communications that keep companies connected with their customers. That’s the big picture here: We’re combining these production tools to reinvent the future of how B2B and B2C communication channels are going to be filled with effective content, beyond COVID-19.”

For More Information, please contact

Salesforce Public Relations
[email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/52e6d2b4-6049-4a3c-ab75-82aa94a249a5

https://www.globenewswire.com/NewsRoom/AttachmentNg/84e02797-1dd5-4db9-aaf2-5d546c7396e4

https://www.globenewswire.com/NewsRoom/AttachmentNg/5356164a-99e2-472a-bae8-c78688580942

https://www.globenewswire.com/NewsRoom/AttachmentNg/540d0eb3-5718-4d90-9068-c9b691472f90

https://www.globenewswire.com/NewsRoom/AttachmentNg/a1b5f13f-f631-4cd5-8df7-f113759af1f7

https://www.globenewswire.com/NewsRoom/AttachmentNg/c4eeeade-d008-4f3f-8a0d-c67ae7e149f1

https://www.globenewswire.com/NewsRoom/AttachmentNg/befbef30-6d5c-427b-bfd6-fc5b0484246e

February 5, 2021 9:57 pm

PG&E to Deploy New Risk Modeling and Fire Spread Technology to Further Reduce Wildfire Risk

PG&E to Deploy New Risk Modeling and Fire Spread Technology to Further Reduce Wildfire Risk

PG&E’s 2021 Wildfire Mitigation Plan Also Aims to Continue to Reduce Wildfire Risk and Improve Public Safety Power Shutoffs

SAN FRANCISCO–(BUSINESS WIRE)–
In a proposal filed today with the California Public Utilities Commission (CPUC), Pacific Gas and Electric Company (PG&E or the Utility) detailed its ongoing strategy to reduce wildfire risk, increase situational awareness, and deploy new technology and models to help keep customers and communities safe. Improvements to its 2021 Public Safety Power Shutoff (PSPS) program were also proposed.

PG&E’s 2021 Wildfire Mitigation Plan (WMP) enhances the company’s ongoing, comprehensive Community Wildfire Safety Program designed to address the growing threat of severe weather and wildfires across its service area.

“The last few years have demonstrated how California’s wildfire season continues to grow longer and more devastating. We are continuing to evolve to meet the challenging conditions to more effectively reduce wildfire risk,” said Sumeet Singh, Senior Vice President and Chief Risk Officer. “We are accountable to our customers and our communities that we are privileged to serve. The safety actions and programs outlined in our Wildfire Mitigation Plan provide details for our continued commitment to the critical work of providing safe and reliable service.”

The 2021 WMP focuses on three key areas:

Reducing wildfire potential by inspecting and repairing equipment, conducting enhanced vegetation management, and investing in grid technology and system hardening;
Improving situational awareness by installing weather stations and high-definition cameras throughout PG&E’s service area, investing in PG&E’s Wildfire Safety Operations Center that monitors high-fire threat areas in real time, and investing in meteorology to monitor weather conditions; and
Continuing to make the PSPS program better and build on the improvements from the 2020 program by upgrading the electric system to ensure PSPS is a last resort and improving support for impacted customers and communities when PSPS is necessary.

Reducing More Wildfire Risk at a Faster Pace Using Improved Risk Modeling

For 2021, PG&E is implementing a new Wildfire Risk Model that can comprehensively assess and prioritize its safety work, including system hardening and enhanced vegetation management. This builds upon the previous model and uses advanced software and machine learning for predicting fire ignitions and improving fire spread simulations for determining the potential impacts of a wildfire.

“This new technology will allow us to more accurately prioritize our efforts within the highest fire-threat areas,” said Debbie Powell, Interim Head of Electric Operations. “Because of this advanced model, customers may see a shift in where we are conducting wildfire safety work in the coming years. We appreciate their patience as we adapt to changing environmental conditions.”

Continuing to Improve Public Safety Power Shutoffs

The core purpose of PG&E’s PSPS program is to keep customers and communities safe during extreme weather events. The company will continue to build on its 2020 PSPS improvements and work to make the program better for customers and communities as part of the 2021 WMP plan.

These efforts, many of which build off progress made in previous years, include:

Using better weather monitoring technology and installing new weather stations to more precisely forecast the weather that could lead to PSPS events;
Sending customers alerts with information about when power will be turned off and back on;
Installing more than 260 devices that limit the size of outages;
Installing and deploying microgrids that use generators to keep the electricity on;
Deploying more crews for inspection and restoration efforts;
Opening Community Resource Centers to support customers without power;
Providing a website with higher bandwidth to provide information to all customers; and
Partnering with the California Foundation for Independent Living Centers and other community-based organizations to conduct outreach and provide resources for the disabled and aging populations.

Building Upon Important Safety Work Completed in 2020

In 2020, PG&E completed important safety enhancements and investments to help keep its customers and communities safe including:

Cleared vegetation around thousands of miles of power line via Enhanced Vegetation Management work: PG&E crews and contractors pruned or removed trees with a higher potential for wildfire risk along approximately 1,878 miles of distribution lines.
Made the electric system stronger and more resilient: Installed stronger and more resilient poles and covered power lines on 342 line-miles and undergrounded 30 line-miles in Butte County.
Completed wildfire safety inspections: Inspected 100 percent of its electrical infrastructure in the extreme fire-threat area (Tier 3) and accelerated inspections in other High Fire-Threat District areas.
Installed hundreds more weather stations: Installed 404 weather stations to more precisely forecast the weather that could lead to PSPS events.
Turned on more high-definition cameras: Installed 216 high-definition cameras, an effective tool for early spotting of wildfires and monitoring real-time conditions.
Utilized temporary microgrids: Established six temporary microgrids and prepared 62 substations to receive temporary generation to keep the power on in some locations during PSPS events.
Reduced the scope and impact of PSPS events: PSPS events in 2020 were 55 percent smaller than they would have been in 2019 under similar weather conditions. That means PG&E avoided a PSPS event for more than 800,000 customers.
Faster restoration: Power was restored more than 40 percent faster in 2020 after severe weather passed, as compared to 2019.

PG&E also embraced feedback that it received from regulators, its federal monitor and others on gaps in its processes in 2020 and is working to further improve in 2021.

Impact to Customer Bills

The forecasted cost of wildfire mitigation programs described in the plan is about $3 billion each year for two years (2021-2022). The costs reflect PG&E’s best estimate of the costs for the proposed programs as of Feb. 5, 2021. Actual costs may vary substantially depending on actual conditions and requirements.

PG&E’s 2021 Wildfire Mitigation Plan is subject to public review and approval by the CPUC. PG&E strongly supports and encourages its customers and communities to provide feedback and participate in this important public process.

Customer Preparedness Resources

For more information about preparedness resources, visit PG&E’s Safety Action Center. The Safety Action Center provides information to help customers keep their family, home, and business safe during natural disasters and other emergencies. The site includes tips on how to create a personalized emergency plan, what to pack in an emergency supply kit, and how to prepare in advance for power outages and PSPS events. To learn more, visit safetyactioncenter.pge.com.

Cautionary Statement Concerning Forward-Looking Statements

This news release includes forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation and Pacific Gas and Electric Company (the “Utility”), including but not limited to the Utility’s 2021 Wildfire Mitigation Plan. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include factors disclosed in PG&E Corporation and the Utility’s joint Annual Report on Form 10-K for the year ended December 31, 2019, their joint Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, and their subsequent reports filed with the Securities and Exchange Commission. PG&E Corporation and the Utility undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210205005552/en/

MEDIA RELATIONS:

415-973-5930

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Energy Utilities Oil/Gas

MEDIA:

February 5, 2021 9:48 pm

BREAKING NOTICE: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Restaurant Brands International Inc. Investors with Large Losses to Secure Counsel Before Important February 19 Deadline – QSR

PR Newswire

NEW YORK, Feb. 5, 2021 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Restaurant Brands International Inc. (NYSE: QSR) between April 29, 2019 and October 28, 2019, inclusive (the “Class Period”), of the important February 19, 2021 lead plaintiff deadline.

SO WHAT: If you purchased Restaurant Brands securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Restaurant Brands class action, go to http://www.rosenlegal.com/cases-register-1977.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 19, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Restaurant Brands’ “Winning Together Plan” was failing to generate substantial, sustainable improvement within the Tim Hortons brand; (2) the “Tims Rewards” loyalty program was not generating sustainable revenue growth as increased customer traffic was not offsetting promotional discounting; and (3) as a result, defendants’ statements about Restaurant Brands’ business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Restaurant Brands class action, go to http://www.rosenlegal.com/cases-register-1977.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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SOURCE Rosen Law Firm, P.A.

February 5, 2021 9:46 pm

BIOLASE, Inc. Announces Pricing of $14.4 Million Bought Deal Offering

PR Newswire

IRVINE, Calif., Feb. 5, 2021 /PRNewswire/ — BIOLASE, Inc. (NASDAQ: BIOL), the global leader in dental lasers, today announced that it has entered into an underwriting agreement with Maxim Group LLC under which the underwriters have agreed to purchase, on a firm commitment basis, 14,000,000 shares of common stock of the Company, at a price to the public of $1.03 per share less underwriting discounts and commissions.. The gross proceeds from the offering are expected to be approximately $14.4 million, before deducting underwriting discounts and commissions and estimated offering expenses

Maxim Group LLC, The Benchmark Company, LLC & Colliers Securities LLC are acting as joint-bookrunning managers for the offering.

The closing of the offering is expected to occur on or about February 10, 2021, subject to satisfaction of customary closing conditions.

The shares of common stock are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-233172) previously filed and declared effective by the Securities and Exchange Commission (SEC). A prospectus supplement will be filed with the SEC and will form a part of the effective registration statement. Copies of the prospectus supplement and accompanying prospectus relating to the public offering may be obtained, when available, by contacting Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, or by telephone at (212) 895-3745.

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

About BIOLASE, Inc.

BIOLASE is a medical device company that develops, manufactures, markets, and sells laser systems in dentistry and medicine. BIOLASE’s products advance the practice of dentistry and medicine for patients and healthcare professionals. BIOLASE’s proprietary laser products incorporate approximately 271 patented and 40 patent-pending technologies designed to provide biologically and clinically superior performance with less pain and faster recovery times. BIOLASE’s innovative products provide cutting-edge technology at competitive prices to deliver superior results for dentists and patients. BIOLASE’s principal products are revolutionary dental laser systems that perform a broad range of dental procedures, including cosmetic and complex surgical applications. BIOLASE has sold over 41,200 laser systems to date in over 80 countries around the world. Laser products under development address BIOLASE’s core dental market and other adjacent medical and consumer applications.

For updates and information on Waterlase iPlus®, Waterlase Express™, and laser dentistry, find BIOLASE online at www.biolase.com, Facebook at www.facebook.com/biolase, Twitter at www.twitter.com/biolaseinc, Instagram at www.instagram.com/waterlase_laserdentistry, and LinkedIn at www.linkedin.com/company/biolase.

BIOLASE®, Waterlase® and Waterlase iPlus® are registered trademarks of BIOLASE, Inc.

Note on Forward-looking Statements

This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties, including statements regarding anticipated fourth-quarter results. Forward-looking statements can be identified through the use of words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” and variations of these words or similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect BIOLASE’s current expectations and speak only as of the date of this release. Actual results may differ materially from BIOLASE’s current expectations depending upon a number of factors. These factors include, among others, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described, from time-to-time, in the “Risk Factors” section of BIOLASE’s annual reports filed on Form 10-K with the Securities and Exchange Commission. Except as required by law, BIOLASE does not undertake any responsibility to revise or update any forward-looking statements.

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SOURCE BIOLASE, Inc.

February 5, 2021 9:37 pm

EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Clover Health Investments, Corp. f/k/a Social Capital Hedosophia Holdings Corp. III – CLOV, CLOVW, IPOC

EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Clover Health Investments, Corp. f/k/a Social Capital Hedosophia Holdings Corp. III – CLOV, CLOVW, IPOC

NEW YORK–(BUSINESS WIRE)–
Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Clover Health Investments, Corp. f/k/a Social Capital Hedosophia Holdings Corp. III (NASDAQ: CLOV, CLOVW) (NYSE: IPOC) who: (1) purchased or otherwise acquired publicly traded Clover securities between October 6, 2020 and February 4, 2021, inclusive (the “Class Period”); and/or (2) purchased or otherwise acquired Clover securities pursuant or traceable to the registration statement and prospectus issued in connection with the December 2020 Merger of Clover and Social Capital III. The lawsuit seeks to recover damages for Clover investors under the federal securities laws.

To join the Clover class action, go to http://www.rosenlegal.com/cases-register-2030.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period and in the registration statement made false and/or misleading statements and/or failed to disclose that: (1) Clover’s was under active investigation by the Department of Justice for at least 12 issues ranging from kickbacks to marketing practices to undisclosed third-party deals; (2) the DOJ’s investigation presented an existential risk to the Company, since it derives most of its revenues from Medicare; (3) Clover’s sales were driven by a major undisclosed related party deal and misleading marketing targeting the elderly, not its purported “best-in-class” technology; (4) a significant portion of Clover sales were by way of an undisclosed relationship between Clover and an outside brokerage firm controlled by Clover’s Head of Sales; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 6, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-2030.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210205005550/en/

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40^th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

[email protected]

[email protected]

www.rosenlegal.com

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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February 5, 2021 9:18 pm

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages SolarWinds Corporation Investors with Large Losses to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – SWI

PR Newswire

NEW YORK, Feb. 5, 2021 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of SolarWinds Corporation (NYSE: SWI) between February 24, 2020 and December 15, 2020, inclusive (the “Class Period“), of the important March 5, 2021 lead plaintiff deadline.

SO WHAT: If you purchased SolarWinds securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the SolarWinds class action, go http://www.rosenlegal.com/cases-register-2012.html http://www.rosenlegal.com/cases-register-1961.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 5, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) since mid-2020, SolarWinds Orion monitoring products had a vulnerability that allowed hackers to compromise the server upon which the products ran; (2) SolarWinds’ update server had an easily accessible password of “solarwinds123”; (3) consequently, SolarWinds’ customers, including, among others, the Federal Government, Microsoft, Cisco, and Nvidia, would be vulnerable to hacks; (4) as a result, SolarWinds would suffer significant reputational harm; and (5) as a result, defendants’ statements about the Company’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the SolarWinds class action, go to http://www.rosenlegal.com/cases-register-2012.html http://www.rosenlegal.com/cases-register-1961.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.
275 Madison Avenue, 40^th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/rosen-recognized-investor-counsel-encourages-solarwinds-corporation-investors-with-large-losses-to-secure-counsel-before-important-deadline-in-securities-class-action-first-filed-by-the-firm–swi-301223382.html

SOURCE Rosen Law Firm, P.A.

February 5, 2021 9:18 pm

NERV FINAL DEADLINE MONDAY: ROSEN, A RANKED AND LEADING FIRM, Encourages Minerva Neurosciences, Inc. Investors to Secure Counsel Before Important February 8 Deadline – NERV

PR Newswire

NEW YORK, Feb. 5, 2021 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Minerva Neurosciences, Inc. (NASDAQ: NERV) between May 15, 2017 and November 30, 2020, inclusive (the “Class Period”), of the important February 8, 2021 lead plaintiff deadline.

SO WHAT: If you purchased Minerva securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Minerva class action, go to http://www.rosenlegal.com/cases-register-2004.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 8, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) the truth about the feedback received from the FDA concerning the “end-of-Phase 2” meeting; (2) that the Phase 2b study did not use the commercial formulation of roluperidone and was conducted solely outside of the United States; (3) the failure of the Phase 3 study to meet its primary and key secondary endpoints rendered that study incapable of supporting substantial evidence of effectiveness; (4) Minerva’s plan to use the combination of the Phase 2b and Phase 3 studies would be “highly unlikely” to support the submission of an New Drug Application (“NDA”); (5) that reliance on these two trials in the submission of an NDA would lead to “substantial review issues” because the trials were inadequate and not well-controlled; and (6) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Minerva class action, go to http://www.rosenlegal.com/cases-register-2004.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

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SOURCE Rosen Law Firm, P.A.