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Christopher Rossi Joins Terex Board Of Directors

PR Newswire

NORWALK, Conn., Dec. 14, 2020 /PRNewswire/ — Terex Corporation (NYSE: TEX) today announced that Christopher Rossi has been appointed to the Company’s Board of Directors, effective January 1, 2021. Mr. Rossi is President and Chief Executive Officer of Kennametal Inc., a global supplier of tooling and industrial materials. Kennametal engages in the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and extreme wear applications. Since assuming the role in 2017, he has been leading the company through a series of initiatives to drive growth, simplify business processes and modernize manufacturing facilities. He will become the eighth current member of the Terex Board of Directors. 

“I am delighted to welcome Chris Rossi to the Terex Board of Directors,” said John L. Garrison, Jr., Chairman and Chief Executive Officer and President, Terex Aerial Work Platforms. “Chris is a highly experienced leader of global businesses with a track record of leading transformation and growth under all market conditions. He is a strong proponent of a vibrant corporate culture focused on performance and accountability, and we see an excellent fit with Terex.” 

Prior to joining Kennametal, Mr. Rossi held senior positions for 30 years at Dresser-Rand Group, an engineering and manufacturing company that serves customers in the petroleum and natural gas industries. At Dresser-Rand, he was part of a leadership team that led a successful transformation and annual revenue growth from $1 billion to $3 billion. Following this turnaround, Siemens purchased Dresser-Rand Group for $7.6 billion in 2015. As Chief Executive Officer, Mr. Rossi led the combining of the legacy Dresser-Rand and Siemens Compression and Modules businesses to form the Oil & Gas division of Siemens. 

Mr. Rossi holds a Bachelor of Science in Mechanical Engineering from Virginia Polytechnic Institute and State University, and a Master of Business Administration in Corporate Finance and Operations Management from the University of Rochester’sSimon School of Business. He currently serves on the Kennametal Board of Directors.

About Terex

Terex is a global manufacturer of aerial work platforms and materials processing machinery. The Company designs, builds, and supports products used in construction, maintenance, manufacturing, energy, minerals and materials management applications. Terex’s products are manufactured in North and South America, Europe, Australia, and Asia and sold worldwide. The Company engages with customers through all stages of the product life cycle, from initial specification and financing to parts and service support. Terex uses its website (
www.terex.com
) to make information available to its investors and the market.

Contact Information: Randy Wilson, Director, Investor Relations (203) 221-5415 [email protected]  

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SOURCE Terex Corporation

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IIROC Trading Resumption – HOCL

Canada NewsWire

VANCOUVER, BC, Dec. 14, 2020 /CNW/ – Trading resumes in:

Company: Highwood Oil Company Ltd.

TSX-Venture Symbol: HOCL

All Issues: Yes

Resumption (ET): 8:00 12/15/2020

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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The Salt Lake Tribune Names LendingClub a Winner of The Utah Top Workplaces 2020 Award

PR Newswire

SAN FRANCISCO, Dec. 14, 2020 /PRNewswire/ — LendingClub Corporation (NYSE: LC),  America’s leading online lending marketplace connecting borrowers and investors, has been awarded a Top Workplaces 2020 honor by The Salt Lake Tribune. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC. The anonymous survey uniquely measures 15 drivers of engaged cultures that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.

“In times of great change, it is more important than ever to maintain a connection among employees,” said Eric Rubino, Energage CEO. “When you give your employees a voice, you come together to navigate challenges and shape your path forward based on real-time insights into what works best for your organization. The Top Workplaces program can be that positive outcome your company can rally around in the coming months to celebrate leadership and the importance of maintaining an employee-focused culture, even during challenging times.”  

LendingClub opened its doors in Lehi, UT in January 2019 and has rapidly grown the office with over 350 people. LendingClub is the leading provider of unsecured personal loans in the U.S. and is in the process of acquiring Radius Bank. When the acquisition is complete, LendingClub will become the only full-spectrum fintech marketplace bank, and the first public U.S. neobank. The company is committed to helping motivated Americans improve their financial health.

“We are thrilled to be awarded this honor for the second year in a row as a Lehi workplace,” said Tina Wilson, Chief People Officer. “Our Lehi office is central to the success of our members and our company. I’m humbled by how hard all of our LendingClub employees have worked, especially during this pandemic, to help our customers on a path towards financial success.”

Since LendingClub’s launch in 2007, it has facilitated over $60 billion in loans to more than 3 million members. For more information on loans facilitated by LendingClub, visit: www.lendingclub.com.

About
LendingClub
LendingClub was founded to transform the banking system to make credit more affordable and investing more rewarding. Today, LendingClub’s online credit marketplace connects borrowers and investors to deliver more efficient and affordable access to credit. Through its technology platform, LendingClub is able to create cost efficiencies and passes those savings onto borrowers in the form of lower rates and to investors in the form of risk-adjusted returns. LendingClub is based in San Francisco, California. All loans are made by federally regulated issuing bank partners. More information is available at https://www.lendingclub.com.

About Energage
Energage offers a fully unified SaaS platform, plus support and professional services, to help organizations recruit and retain the right talent. As a B-Corporation founding member, Energage has committed itself to the purpose of making the world a better place to work together. Based on 14 years of culture research, the engine behind 51 Top Workplaces programs across the country, and data gathered from over 20 million employees at 60,000 organizations, Energage has isolated the 15 drivers of engaged cultures that are critical to the success of any business, and developed the tools and expertise to help organizations measure, shape and showcase their unique culture to achieve a sustainable competitive advantage. For more information, please visit energage.com. Follow us on Twitter @teamenergage and Facebook and LinkedIn @energage.

Safe Harbor Statement 
Some of the statements above, including statements regarding our ability to close the pending transaction with Radius are “forward-looking statements.” The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “project,” “will,” “would” and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include whether all the closing conditions of the pending acquisition of Radius are satisfied, our ability to realize the anticipated benefits of the transaction with Radius and those factors set forth in the section titled “Risk Factors” in our most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K, each as filed with the Securities and Exchange Commission, as well as our subsequent filings made with the Securities and Exchange Commission, including subsequent reports on Form 10-Q and 10-K. We may not actually achieve the plans, intentions or expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. 

Information in this press release is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of 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 

Contacts
For Investors:
[email protected]

Media Contact:
[email protected]

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SOURCE LendingClub Corporation

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City Office REIT Announces Lease Transaction

City Office REIT Announces Lease Transaction

VANCOUVER–(BUSINESS WIRE)–
City Office REIT, Inc. (NYSE: CIO) (“City Office” or the “Company”) announced today that it has completed a ten-year lease renewal at its 163,336 square foot Lake Vista property in Dallas, Texas.

The tenant occupies 100% of the Lake Vista property and its lease was extended by ten years and three months to April 30, 2032. The starting triple net rental rate on February 1, 2022 will be $17.50 per square foot (the “Renewal Rate”) with $0.50 per square foot annual increases thereafter. The Renewal Rate represents a 6.1% increase over the current triple net rental rate. As part of the lease renewal, the Company granted the tenant an option to purchase the property, which may be exercised at any time prior to July 31, 2022. The costs of the transaction include three months of rent abatement at the beginning of the extension term and approximately $5.5 million in leasing commissions and tenant improvement allowance.

About City Office REIT, Inc.

City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located in leading 18-hour cities in the Southern and Western United States. City Office currently owns or has a controlling interest in 5.8 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

Forward-looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as “anticipate”, “expect,” “intend,” “may” and similar expressions, and variations or negatives of these words. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement, including with respect to future leasing or renewal activity, tenant occupancy levels, potential lease terminations, whether the Company may realize the benefits, if any, of our contractual relationships with tenants or third parties, the terms on which we may acquire or dispose of property in the future, if at all, and future cap rates. Factors that could cause actual results to differ materially include, among other things, the timing and amount of repurchases of CIO’s common stock, if any, changes to CIO’s expected liquidity position, the possibility that the repurchase program may be suspended or discontinued at any time and the risk factors set forth in CIO’s Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent filings with the United States Securities and Exchange Commission. The statements made herein speak only as of the date of this press release and except as required by law, CIO does not undertake any obligation to publicly update or revise any forward-looking statements.

City Office REIT, Inc.

Anthony Maretic, CFO

+1-604-806-3366

[email protected]

KEYWORDS: Texas New York United States North America Canada

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property REIT

MEDIA:

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LPL Financial Hires Brent Simonich as EVP, Chief Accounting Officer and Treasurer

CHARLOTTE, N.C., Dec. 14, 2020 (GLOBE NEWSWIRE) — LPL Financial LLC, a leading retail investment advisory firm, registered investment advisor (RIA) custodian and independent broker-dealer, today announced that Brent Simonich has joined the firm as executive vice president, chief accounting officer and treasurer, effective today. In this role, Simonich will be responsible for shaping the forward-looking strategy, business objectives and corporate goals for LPL’s Controllership, Treasury and Procurement functions. He is based at the firm’s Carolinas campus and reports to Matt Audette, LPL managing director and chief financial officer.

“Brent is a proven industry leader with vast experience in a variety of different financial disciplines,” Audette said. “His leadership, integrity and passion for serving and supporting financial advisors will be a tremendous asset to the firm moving forward. We are pleased to welcome Brent to the LPL family and look forward to the many contributions he will make in this important role.”

Simonich joins LPL from E*TRADE, where he was most recently EVP and chief risk officer. He spent more than 21 years of his career at E*TRADE in various leadership roles, including corporate controller, principal accounting officer and chief financial officer of E*TRADE Securities. Prior to E*TRADE, Simonich worked at Seiler LLP as a certified public accountant. He holds Series 27 and 99 designations, and earned his bachelor’s degree in Business from California Polytechnic State University.

“I’m humbled and honored to join LPL at this exciting time in its history. The firm’s mission – to take care of advisors so they can take care of their clients – is an area of passion for me, and something I look forward to championing as a member of the leadership team. LPL is going through a period of tremendous growth, fueled by a Finance organization that is among the best in the industry. I’m proud to join this incredible team,” Simonich said.


About LPL Financial

LPL Financial (https://www.lpl.com) is a leader in the retail financial advice market, the nation’s largest independent broker-dealer** and a leading custodian (or provider of custodial services) to RIAs. We serve independent financial advisors, professionals and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.

**Based on total revenues, Financial Planning magazine June 1996-2020.

Securities and advisory services offered through LPL Financial LLC, an SEC- registered broker-dealer and investment advisor.  Member FINRA/SIPC. 

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC.  We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Connect with Us!

https://twitter.com/lpl

https://www.linkedin.com/company/lpl-financial

https://www.facebook.com/LPLFinancialLLC

https://www.youtube.com/user/lplfinancialllc


Media Contact:


Lauren Hoyt-Williams
(980) 321-1232
[email protected]



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Sterling Bancorp Declares Quarterly Dividend on Preferred Stock

PEARL RIVER, N.Y., Dec. 14, 2020 (GLOBE NEWSWIRE) — Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share) on its 6.50% Series A Non-Cumulative Perpetual Preferred stock (NYSE: STLPRA). The dividend is payable January 15, 2021 to shareholders of record as of December 31, 2020.

About Sterling Bancorp

Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities we serve through teams of dedicated and experienced relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit the Sterling Bancorp website at www.sterlingbancorp.com.

STERLING BANCORP CONTACT:

Emlen Harmon, SVP – Director of Investor Relations

212.309.7646

Sterling Bancorp
Two Blue Hill Plaza, Second Floor
Pearl River, NY 10965

T 845.369.8040
F 845.369.8255

http://www.sterlingbancorp.com



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SHAREHOLDER ALERT: WeissLaw LLP Investigates Collective Growth Corporation

PR Newswire

NEW YORK, Dec. 14, 2020 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Collective Growth Corporation (“CGRO” or the “Company”) (NASDAQ: CGRO) in connection with the Company’s proposed merger with Innoviz Technologies Ltd. (“Innoviz”), a global developer of high-performance, solid-state LiDAR sensors and perception software for autonomous vehicles.  Under the terms of the merger agreement, CGRO will acquire Innoviz through a reverse merger that will result in Innoviz becoming a public company traded on the NASDAQ under the ticker symbol “INVZ.”  The estimated post-transaction equity value of the combined company is approximately $1.4 billion.


If you own CGRO shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:


https://www.weisslawllp.com/cgro/


Or please contact:



Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

WeissLaw is investigating whether CGRO’s board acted in the best interest of CGRO’s public stockholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Innoviz, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to CGRO’s public stockholders. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

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SOURCE WeissLaw LLP

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J. Alexander’s Holdings, Inc. Provides Business Update

J. Alexander’s Holdings, Inc. Provides Business Update

NASHVILLE, Tenn.–(BUSINESS WIRE)–
J. Alexander’s Holdings, Inc. (NYSE: JAX) (the Company), owner and operator of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill and other restaurants, today provided a business update with regard to the impact of the novel coronavirus outbreak (COVID-19).

Business Update

Recently, the Company has been impacted by a second wave of required dining room closures and increased capacity restrictions in certain of the markets in which it operates, including in Illinois, Kentucky, Michigan, Missouri, Pennsylvania, Maryland and Colorado. As of December 14, 2020, a total of 10 of the Company’s 46 locations are closed for indoor dining. In certain of those locations where economically feasible and allowed by the various governing authorities, the Company has taken steps to expand its outdoor dining areas in order to accommodate additional guests, retain a portion of its workforce, and provide additional revenue to supplement its ongoing carryout business. The Company also continues to offer a robust carryout menu at all 46 of its locations. In November 2020, sales averaged just under 80% of sales experienced in the same period of 2019, reflecting a reduction from September and October’s sales recovery of nearly 90% of prior year sales. In the last four weeks since the added restrictions on indoor dining have increased, the Company’s sales on a weekly basis have begun to trend downward, ranging between approximately 60% and 70% of prior year’s weekly sales, and could continue to decrease if governmental restrictions tighten further.

In its business update and earnings press release dated November 5, 2020, the Company estimated that, excluding the impact of the $10,000,000 voluntary repayment of outstanding borrowings in October 2020, it would be cash flow positive in the range of $400,000 to $450,000 per week for the fourth quarter of 2020 (which contains 14 weeks due to fiscal 2020 being a 53-week fiscal year). When factoring in the $10,000,000 voluntary repayment of outstanding borrowings, the Company previously estimated that the weekly cash burn rate for the fourth quarter of 2020 would be approximately $265,000 to $315,000. Due to the new restrictions that the Company is now operating under, the Company no longer believes that these estimates are accurate. However, the Company continues to believe that, at current business levels, it will have adequate liquidity for the balance of fiscal 2020 and fiscal 2021 from cash on hand and available borrowings.

Mark A. Parkey, President and Chief Executive Officer of J. Alexander’s Holdings, Inc. stated, “As we enter the most crucial season of the year for our business, we are estimating that approximately 50% of our seats are available for dining room guests on a consolidated basis. We continue to navigate the ever-changing landscape in which we operate, and we are working hard to ensure that we have explored every alternative and opportunity available to us to continue to provide our loyal guests with the outstanding dining experience they have come to expect from us over the years in a healthy and safe environment. We’re also encouraged by the strong levels of support our carryout program has received from our guest base, especially in recent weeks where off-premise sales have ranged from approximately $700,000 to $800,000 on a weekly basis. Our talented culinary team has also been hard at work coming up with “Holiday Family Packs” and other seasonal offerings that should help generate solid off-premise sales in the coming weeks. Our entire team has remained steadfast in one common goal throughout an incredibly turbulent year – to provide the highest quality food and service to our guests that have continued to support us throughout the year in order to emerge on the other side of this pandemic as a stronger company.”

As of December 13, 2020, the Company’s cash on hand totaled approximately $8.9 million.

About J. Alexander’s Holdings, Inc.

J. Alexander’s Holdings, Inc. is a collection of restaurants that focus on providing high quality food, outstanding professional service and an attractive ambiance. The Company presently operates 46 restaurants in 16 states. The Company has its headquarters in Nashville, TN.

For additional information, visit www.jalexandersholdings.com

Forward-Looking Statements

This press release issued by J. Alexander’s Holdings, Inc. contains forward-looking statements, which include all statements that do not relate solely to historical or current facts, such as statements regarding our expectations, intentions or strategies regarding the future, including the impact of the COVID-19 pandemic on our operations, our sales, off-premise sales, cash needs, liquidity, financial results and our ability to manage through the COVID-19 pandemic and emerge in a strong position. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future financial and operating results and other events and are not statements of fact, actual results may differ materially from those projected and are subject to a number of known and unknown risks and uncertainties, including the health and financial effects of the COVID-19 pandemic; government restrictions on indoor and outdoor dining and the Company’s ability to reopen its restaurants for in-person dining at normal capacities, and thereafter to reestablish and maintain satisfactory guest count levels and maintain or increase sales and operating margin in its restaurants under varying economic conditions; the effect of higher commodity prices, unemployment and other economic factors on consumer demand; increases in food input costs or product shortages and the Company’s response to them; the Company’s ability to obtain access to additional capital as needed; the Company’s ability to comply with financial covenants under its loan agreement with its lender and to access available borrowing capacity; the impact of any impairment of our long-lived assets, including tradename; the Company’s ability to defer lease or contract payments or otherwise obtain concessions from landlords, vendors and other parties in light of the impact of the COVID-19 pandemic; the number and timing of new restaurant openings and the Company’s ability to operate them profitably; competition within the casual dining industry and within the markets in which our restaurants are located; adverse weather conditions in regions in which the Company’s restaurants are located; factors that are under the control of third parties, including government agencies; the Company’s evaluation of strategic alternatives; as well as other risks and uncertainties described under the headings “Forward-Looking Statements,” “Risk Factors” and other sections of the Company’s Annual Report on Form 10-K filed with the SEC on March 13, 2020, as amended on April 17, 2020, and subsequent filings, including under the heading “Risk Factors” in its Quarterly Report on Form 10-Q filed with the SEC on November 5, 2020. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

J. Alexander’s Holdings, Inc.

Jessica Hagler

Chief Financial Officer

(615) 269-1900

KEYWORDS: United States North America Tennessee

INDUSTRY KEYWORDS: Retail Restaurant/Bar Food/Beverage

MEDIA:

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SHAREHOLDER ALERT: WeissLaw LLP Investigates GigCapital3, Inc.

PR Newswire

NEW YORK, Dec. 14, 2020 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of GigCapital3, Inc. (“GIK” or the “Company”) (NYSE: GIK) in connection with the Company’s proposed merger with Lightning eMotors, a leading provider of complete electrification solutions for commercial fleets.  Under the terms of the merger agreement, GIK will acquire Lightning eMotors through a reverse merger that will result in Lightning eMotors becoming a public company traded on the New York Stock Exchange under the ticker symbol “ZEV.”  The estimated post-transaction equity value of the combined company is approximately $823 million.


If you own GIK shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:


https://www.weisslawllp.com/gik/


Or please contact:


Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

WeissLaw is investigating whether GIK’s board acted in the best interest of GIK’s public stockholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Lightning eMotors, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to GIK’s public stockholders. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

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SOURCE WeissLaw LLP

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Arvinas, Inc. Announces Proposed Offering of Common Stock

NEW HAVEN, Conn., Dec. 14, 2020 (GLOBE NEWSWIRE) — Arvinas, Inc. (Nasdaq: ARVN), a clinical-stage biotechnology company creating a new class of drugs based on targeted protein degradation using its PROTAC® Discovery Engine, today announced that it is commencing an underwritten public offering of $250.0 million of its common stock. In addition, Arvinas intends to grant the underwriters an option for a period of 30 days to purchase up to an additional $37.5 million of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. All of the shares are to be offered by Arvinas.

Goldman Sachs & Co. LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering.

An automatically effective shelf registration statement on Form S-3 relating to the shares of common stock to be offered in the public offering was filed with the Securities and Exchange Commission (the “SEC”) on December 14, 2020. The offering will be made only by means of a prospectus supplement and accompanying prospectus that form a part of the registration statement. A preliminary prospectus supplement related to the offering is being filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 866-471-2526, facsimile: 212-906-9316 or by emailing [email protected]; or Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by telephone at 800-747-3924 or by email at [email protected].

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

About Arvinas, Inc.

Arvinas is a clinical-stage biopharmaceutical company dedicated to improving the lives of patients suffering from debilitating and life-threatening diseases through the discovery, development, and commercialization of therapies that degrade disease-causing proteins. Arvinas uses its proprietary PROTAC® Discovery Engine platform to engineer proteolysis targeting chimeras, or PROTAC® targeted protein degraders, that are designed to harness the body’s own natural protein disposal system to selectively and efficiently degrade and remove disease-causing proteins. In addition to its robust preclinical pipeline of PROTAC® protein degraders against validated and “undruggable” targets, the company has two clinical-stage programs: ARV-110 for the treatment of men with metastatic castrate-resistant prostate cancer; and ARV-471 for the treatment of patients with locally advanced or metastatic ER+/HER2- breast cancer.

Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements regarding the proposed public offering, including the completion of the public offering on the anticipated terms, or at all. All statements, other than statements of historical facts, contained in this press release, including statements regarding our strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make as a result of various risks and uncertainties, including but not limited to market and other financial conditions, satisfaction of customary closing conditions related to the proposed public offering, whether we will be able to conduct, complete and receive results from clinical trials for our product candidates on our expected timelines, or at all, whether our cash resources will be sufficient to fund our foreseeable and unforeseeable operating expenses and capital expenditure requirements on our expected timeline and other important factors discussed in the “Risk Factors” sections contained in our quarterly and annual reports on file with the SEC. The forward-looking statements contained in this press release reflect our current views with respect to future events, and we assume no obligation to update any forward-looking statements except as required by applicable law. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this release.

Investors:        
Will O’Connor, Stern Investor Relations
[email protected]

Media:        
Kirsten Owens, Arvinas Communications
[email protected]