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Sigma Lithium Upsizes Previously Announced Private Placement by 40% to C$42.0 million and Increases Offering Price by 10% to C$4.40


  • The Offering book comprises primarily of institutional investors, including leading global asset managers focused on ESG & sustainability

  • Sigma was strongly supported by its current and new investors closely aligned in purpose with Sigma’s commitment to an ESG-centric strategy, resulting in significant levels of oversubscription in the Offering

VANCOUVER, British Columbia, Feb. 05, 2021 (GLOBE NEWSWIRE) — SIGMA Lithium Resources Corporation (“Sigma” or the “Company”) (TSXV: SGMA) (OTC-QB: SGMLF) is pleased to announce that, owing to strong global institutional investor interest, it has increased the size of its previously announced non-brokered private placement of common shares (the “Offering”) by 40%. The Company now intends to issue up to 9,545,455 common shares (compared with 7,500,000 common shares previously announced) at a 10% higher offering price of C$4.40 per share (compared with C$4.00 per share previously announced) for gross proceeds of up to C$42.0 million.  

The Offering book comprises primarily of institutional investors, including leading global asset managers focused on ESG & sustainability, therefore closely aligned in purpose with Sigma’s commitment to an ESG-centric strategy for the development of its Grota do Cirilo lithium project in Brazil (the “Project”). The planned use of proceeds of the Offering is as set forth in the Company’s news release dated February 2, 2021 titled “Sigma Lithium Announces a C$30 Million Private Placement of Common Shares at C$4.00”, with the additional proceeds from the increased Offering size to further enhance Sigma’s financial flexibility ahead of the start of construction of Phase 1 of the Project.

XP Investments US LLC, Cormark Securities Inc. and National Bank Financial Inc. acted as financial advisors to the Company and may receive finder’s compensation in respect of certain orders. This compensation will be comprised of (i) cash fees of up to 6% of the proceeds from subscribers introduced by finders and (ii) such number of warrants as is equal to up to 6% of the Common Shares purchased by such introduced subscribers (each such warrant entitling the finder to acquire one Common Share at an exercise price of C$4.40 per share and exercisable for one year after closing of the Offering). Other parties will also receive finder’s compensation in connection with the Offering.

In connection with the Offering, the Company has entered into an agreement with the A10 Group to provide services in respect of the Offering, and A10 Group will be entitled to finder’s compensation for purchases by subscribers it introduces as described above. The arrangements with the A10 Group were considered and unanimously approved by each of the directors of the Company unrelated to the A10 Group, and the agreement with the A10 Group it is subject to customary approval of the TSX Venture Exchange (“TSXV”).

Certain principals of the A10 Group are directors, officers or indirect significant shareholders of the Company, such that the arrangements with the A10 Group in respect of the Offering is a related party transaction for purposes of Multilateral Instrument 61-101 Protection of Minority Securityholders in Special Transactions and Policy 5.9 of the TSXV (which incorporates such Multilateral Instrument by reference). These arrangements are exempt from the formal valuation and minority shareholder approval requirements of such Multilateral Instrument and TSXV Policy because the value of the transaction and the compensation are below 25% of the Company’s market capitalization.

The Offering is scheduled to close on or about February 10, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV for the increased size of the Offering.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and the applicable of state securities laws. The securities to be issued under the Offering may be offered and sold in other jurisdictions outside of Canada and the United States provided that no prospectus filing, or comparable obligation arises.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities under the Offering, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT SIGMA LITHIUM

Sigma is a Canadian company that has been producing environmentally sustainable battery-grade lithium concentrate on a pilot scale since 2018 and shipping high-purity “green & sustainable” 6% Li2O battery-grade lithium concentrate samples to some of the leading global cathode and battery producers of electric vehicles. The Company is in pre-construction (including the EPC and “contract-readiness” of core construction suppliers) of a larger-scale lithium concentration commercial production plant in Phase 1 of the development of its Grota do Cirilo property. Based on the technical report titled “Grota do Cirilo Lithium Project, Araçuaí and Itinga Regions, Minas Gerais, Brazil, National Instrument 43-101 Technical Report on Feasibility Study Final Report” with an effective date of September 16, 2019 (the “Feasibility Study Report”), it will contemplate a capacity to produce at the rate of 220,000 tonnes annually of battery-grade “green” lithium concentrate and Sigma will be amongst the lowest-cost producers of lithium concentrate globally. The Feasibility Study Report is being updated to include the development of the Project’s second deposit, contemplating production at the rate of 440,000 tonnes per annum (Phase 2 of the Project).

To secure a leading position supplying the clean mobility and green energy storage value chain, Sigma has adhered to the highest standards of environmental practices in line with its core values and mission since starting activities in 2012. Sigma’s production process is powered by hydroelectricity and the Company utilizes state-of the-art dry-stacking tailings management and water-recycling techniques in its beneficiation process. Its corporate mission is to execute its strategy while embracing strict ESG principles. Sigma’s shareholders include some of the largest ESG-focused institutional investors in the world.

FOR ADDITIONAL INFORMATION PLEASE CONTACT

Sigma Lithium Resources Corporation
www.sigmalithiumresources.com
Company Contact:
Anna Hartley
Director of Investor Relations
(London) +44 7866 458 093
[email protected]

FORWARD-LOOKING STATEMENTS

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation, including statements relating to the closing of the Offering, expected use of net proceeds and TSXV approval. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the potential development of resources and drilling plans which may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, receipt of all necessary approvals to complete the Offering, the market price of the Company’s securities, metal prices, exchange rates, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, litigation risks, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations, and regulations and other matters including the COVID-19 pandemic. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to our public filings available at www.sedar.com.

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



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IPL announces agreement to acquire solar project in Clinton County

Project to provide 195 megawatts of renewable energy and create jobs

PR Newswire

INDIANAPOLIS, Feb. 5, 2021 /PRNewswire/ — Indianapolis Power & Light Company (IPL), a subsidiary of the AES Corporation (NYSE: AES), today announced an agreement to acquire a 195 megawatt solar project. Expected to be completed in 2023, the solar project will be located in Clinton County, Ind., and Invenergy will develop the project and manage construction. Once operating, the solar facility will generate enough electricity to power more than 30,000 homes. The acquisition agreement is subject to approval from the Indiana Utility Regulatory Commission.

“IPL has a long history of providing safe, reliable and affordable electric service to our customers,” said Kristina Lund, IPL President and CEO. “Our investment in solar energy allows us to diversify our electric generation portfolio, while still reliably serving our customers.”

Through its recent Integrated Resource Plan, IPL identified a need for new generation resources to serve our customers’ needs. An extensive process which included an all-source request for proposals led IPL to Chicago-based Invenergy, a leading global developer and operator of sustainable energy solutions with extensive experience in solar generation.

In addition to providing affordable, renewable energy and diversifying IPL’s portfolio, the solar project will create 200 temporary construction jobs and provide landowners in the area lasting economic benefits.

“The recent advancements in digital technologies and renewable energy give our customers a wide variety of options when it comes to how they power their homes and businesses,” said Lund. “Gone are the days when customers had to choose between reliability, affordability and sustainability. Now they can have all three, and this solar project is a great example of how IPL can help our customers achieve their most important personal and business objectives.” 

Construction on the project is expected to begin in the fall of 2021 and reach commercial operation in 2023.

About Indianapolis Power & Light Company (IPL)
Indianapolis Power & Light Company (IPL), an AES Company, provides retail electric service to more than 490,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, IPL has supplied its customers with some of the lowest-cost, most reliable power in the country. For more information about the company, please visit IPLpower.com  or connect at twitter.com/IPLpower,  facebook.com/IPLpower or linkedin.com/company/IPLpower.

About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we’re improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com.

About Invenergy
We are innovators building a sustainable world. Invenergy and its affiliated companies develop, own, and operate large-scale sustainable energy generation and storage facilities in the Americas, Europe and Asia. Invenergy’s home office is located in Chicago, and it has regional development offices in the United States, Canada, Mexico, Colombia, Japan, Poland and Scotland. Invenergy has successfully developed more than 25,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, natural gas power generation facilities, and advanced energy storage projects as well as transmission infrastructure. For more information, please visit www.invenergy.com.

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SOURCE AES CORP.

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LexisNexis Risk Solutions Reveals the State of Fraud in the United States and Canada Amid COVID-19 Pandemic

Analysis Stems from Multiple Studies Conducted in 2020 by LexisNexis Risk Solutions to Uncover Key Fraud Trends in the U.S. and Canada as 2021 Begins

PR Newswire

ATLANTA, Feb. 5, 2021 /PRNewswire/ — LexisNexis® Risk Solutions unveiled findings on the current State of Fraud, detailing key fraud trends occurring in 2020 for organizations in the United States and Canada while also looking ahead at what to expect in 2021. LexisNexis Risk Solutions compiled these findings from a review of multiple studies it conducted in 2020. The consolidation of the report findings uncovers a perfect storm of trends that have impacted fraud throughout the past year and those that may linger into the new year.

The COVID-19 pandemic caused 2020 to be a year of unique circumstances and disruption to the global economy. One thing that has stayed the same is fraudsters’ willpower to gain access to money and confidential information. While many believe that fraud victims are mostly the technologically naïve, 2020 validated that anyone can be a victim. LexisNexis Risk Solutions examined consumer behavior, popular fraud methods, social uncertainty due to the pandemic when compiling this data and suggests what organizations of all shapes and sizes can do to protect their business.

The Shift of Consumer Behavior Towards Digital Transactions
2020 saw major changes in the ways in which consumers behave. Digital transaction in the U.S. and Canada increased 42% year-over-year leading up to June 2020 with 60% representing mobile transactions; 67% made via a mobile app and 33% made by a mobile browser.

Consumers now engage in more digital transactions and use different payment methods that fraudsters leverage to target a broader set of businesses through more sophisticated and complex fraud methods. These often involve the mobile channel and the purchase of digital goods and services. Difficult to detect fraud methods like synthetic identities, identity fraud rings, multiple device linkages and bot attacks create identity proofing challenges for businesses. Identity proofing could prove to be a significant challenge for organizations in 2021, as fraudsters leverage digital channels to launch more sophisticated and complex types of fraud. According to the Federal Reserve, 86%-95% of applicants identified as potential synthetic identities escape flagging by traditional fraud models. This is something every organization should be on the lookout for particularly with the rise in digital transacting.

Breached Consumer Data Fuels Sophisticated Fraud Methods
This is more than just about PINs and passwords: this data is valued for both the physical and digital identity attributes linked to transactions and devices, such as email addresses, billing addresses and phone numbers. The LexisNexis® Digital Identity Network® indicates a risk in fraudulent events through emails are likely from data breaches and are used by multiple fraudsters. Fraudsters are no longer always hidden – they can take the form of a visible business or a network of businesses or devices.

Physical and digital consumer data is fuel for fraudsters. With 45% of people in the United States having had their personal information compromised by a data breach in the last five years, fraudsters have a trove of personally identifiable information that enables them to use this sensitive information to launch account takeovers and new account creation attacks. Javelin estimates that account takeover attacks are up 72% year over year while the LexisNexis Risk Solutions Cybercrime Report January – June 2020 notes that one in seven new account creations are likely fraudulent.

Bad Actors Exploit Weaknesses as Economic Uncertainty Continues
Last year overall market and economic uncertainty due to COVID-19 significantly increased successful fraud attempts. This is especially true for the e-commerce, retail, financial services and lending sectors. We expect the trend will continue in 2021. While professional fraudsters are always ready to attack, economic hardships can also induce others to engage in fraudulent activities. These can be individuals with no criminal behavior history. Typically, organizations are more sensitive to customer friction during slower economic periods and more concerned about lost opportunities. That does not mean they can let their guard down. In addition to those who attack with intent, consumer stress and fear can lead consumers to riskier transaction behaviors, which may increase successful tactics for malware infection on devices and theft of personal identification information. This presents more opportunities for fraudsters leading to more attacks.

Businesses must use both physical and digital identity data to get a full view of their customers to effectively fight emerging fraud attacks. They should also utilize multiple layers of fraud defense like actionable decision analytics and investigation tools. This, coupled with integrating their digital customer experience and cybersecurity strategies, will protect the relationships that businesses have with their customers and their information.

“Businesses can no longer use a check-the-box, incremental approach towards addressing these challenges and trends one at a time because fraud always evolves,” said Kimberly Sutherland, vice president, fraud and identity management strategy at LexisNexis Risk Solutions. “These factors feed on each other and require an integrated and holistic approach to detecting, assessing and mitigating fraud risks moving forward. 2021 will likely be another challenging year for the world in many ways, but organizations can and should make sure they take a comprehensive view of their customers so that they can effectively fight fraud.”

Methodology
The 2020 State of Fraud Report examines key fraud trends occurring in 2020 for U.S. and Canada, along with solutions to help organizations navigate these trends while growing their businesses in 2021. Findings come from three LexisNexis® Risk Solutions reports: 2020 LexisNexis® Risk Solutions True Cost of Fraud™ e-Commerce/Retail and the 2020 LexisNexis® Risk Solutions True Cost of Fraud™ Financial Services & Lending; LexisNexis® Risk Solutions Cybercrime Report January – June 2020; and an internal analysis of the impact of COVID-19 on consumer behavior and fraud trends.

About LexisNexis Risk Solutions 
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit www.risk.lexisnexis.com and www.relx.com. 

Media Contact:

Marcy Theobald

678.694.6681
[email protected] 

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SOURCE LexisNexis Risk Solutions

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A new connected era: TELUS, the government of Quebec, and the federal government successfully completed bringing high speed Internet to the Lower North Shore ahead of time

TELUS provides additional support to the community by donating tablets and plans worth $40,000 to connect patients in the Lower North Shore with their loved ones and healthcare professionals

BLANC-SABLON, Quebec, Feb. 05, 2021 (GLOBE NEWSWIRE) — TELUS, the Canadian and Quebec governments, and the Société du Plan Nord are celebrating the completed deployment of TELUS 4G LTE network in 14 isolated Lower North Shore communities, nearly a year ahead of the targeted completion date. For the first time ever, the 2,000 households have access to high-speed Internet and mobile phone service, and can browse the Internet at similar speeds as those living in urban areas. This new connectivity will boost the local economy and reduce isolation by connecting the region and its businesses, healthcare centres, and schools with the rest of the world. TELUS is also donating $40,000 in tablets and wireless plans to the Docteur Camille Marcoux Foundation, helping isolated patients connect with their loved ones and healthcare professionals.

“Today we are celebrating the exceptional connection of the world’s fastest wireless network to one of the country’s most isolated regions, a clear symbol of our long-standing commitment to deploying high-speed infrastructures to all Canadians, wherever they live,” said François Gratton, Executive Vice-President, Group President, TELUS, and Chair, TELUS Québec, TELUS Health, and TELUS Agriculture. “This second major milestone marks the end of one of TELUS’s most ambitious deployments ever. This new connectivity enables local businesses to go digital, healthcare professionals to use virtual technologies, young people to continue their studies online, and families to stay in touch with loved ones. Even more importantly, the 4G LTE wireless technology will also make travel safer.”

“This announcement as we begin a new year marks the start of a new connected era, an era of hope, revitalization, and economic prosperity for our beautiful region,” said Randy Jones, prefect of the Gulf of Saint Lawrence RCM. “The first Lower North Shore communities to receive high speed Internet have been linked to the rest of the world for a year now, and we can already see the true potential of connectivity. Lives have been saved thanks to the mobile network, new businesses have been created, and we can all stay virtually connected while we get through this unprecedented pandemic.”

One of TELUS’s largest digital infrastructure projects north of the 49th parallel

The deployment of the high speed Internet and wireless phone service to 14 communities in the Lower North Shore was made possible through a joint contribution of over $23 million from the governments of Quebec and Canada, and TELUS. To take on this immense challenge, the TELUS team used an innovative combination of technologies, uniting fibre, a vast microwave ecosystem, and 4G LTE technology, and transported the equipment to the remote locations by plane, boat, and all-terrain vehicle. The project also brought fibre to 16 public organizations, including all of the region’s clinics and healthcare centres, and tripled the high speed capacity of the 15 local schools.

Tablets for better healthcare in the Lower North Shore

TELUS is donating 20 digital tablets with $0 data plans to the Docteur Camille Marcoux Foundation, helping professionals of the eight clinics in the Lower North Shore region to quickly access essential tools and information for telehealth. Patients receiving end-of-life care, lodging and hospitalization at the Blanc-Sablon hospital will be able to stay in touch with their loved ones. Contact with and between the nurses and doctors, who are often hundreds of kilometres away, will be improved by visual communication.

“Patients in the Lower North Shore often have to take a plane to consult a doctor for medical follow-ups when none is available at their local health clinic. The tablets donated by TELUS and the deployment of high-speed Internet will allow the CISSS de la Côte-Nord to expand telehealth services in our communities, reducing unnecessary expenses and risks associated with travel,” said Constance Monger, board member of the Docteur Camille Marcoux Foundation, and territory coordinator of the CISSS de la Côte-Nord. “The tablets donated by TELUS will not only better connect patients with their healthcare professionals, they will also prevent the unnecessary expense and risk of travel while we continue to face this health crisis. No one should feel alone or disconnected. TELUS creates an essential human connection for Lower North Shore residents who more than ever need assistance for their health and well-being.”

About TELUS

TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company spanning wireless, data, IP, voice, television, entertainment, video, and security. We leverage our global-leading technology and compassion to enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. In 2020, TELUS was recognized as having the fastest wireless network in the world, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better. TELUS Health is Canada’s leader in digital health technology, improving access to health and wellness services and revolutionizing the flow of health information across the continuum of care. TELUS Agriculture provides innovative digital solutions throughout the agriculture value chain, supporting better food outcomes from improved agri-business data insights and processes. TELUS International is a leading digital customer experience innovator that delivers next-generation AI and content management solutions for global brands across the technology and games, ecommerce and FinTech, communications and media, healthcare, travel and hospitality sectors. TELUS and TELUS International operate in 25+ countries around the world.

Driven by our passionate social purpose to connect all citizens for good, our deeply meaningful and enduring philosophy to give where we live has inspired TELUS, our team members and retirees to contribute more than $820 million and 1.6 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world.

For more information about TELUS, please visit telus.com, follow us @TELUSNews on Twitter, and @Darren_Entwistle on Instagram.

For more information, please contact:

Jacinthe Beaulieu
TELUS Media Relations
418-318-6102
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d925c809-fb90-4249-801e-a978a9e18bb4



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JetBlue Foundation Provides Emergency Grants to 12 STEM Organizations Severely Impacted by the COVID-19 Pandemic

JetBlue Foundation Provides Emergency Grants to 12 STEM Organizations Severely Impacted by the COVID-19 Pandemic

— Focused on Addressing Economic, Gender and Racial Disparities and Increasing Diversity in STEM and Aviation, the JetBlue Foundation Issues Rapid Response Grants to Help STEM Education Programs Continue to Soar —

NEW YORK–(BUSINESS WIRE)–
JetBlue (NASDAQ:JBLU) today announced a round of rapid response grants from the JetBlue Foundation. The COVID-19 pandemic has severely affected funding for non-profits and education programs. To help with immediate needs, the JetBlue Foundation issued a round of emergency grants to 12 aviation and science, technology, engineering and math (STEM) education grantees and partners in need of financial support to continue their critical work reaching students and communities traditionally underrepresented in these fields.

The JetBlue Foundation, founded in 2013, is independent from JetBlue and has a separate Board of Directors and an Advisory Committee both made up of JetBlue crewmembers from across the airline. These grants are provided directly from the JetBlue Foundation.

The JetBlue Foundation, the first airline foundation focused solely on supporting aviation and STEM education, invited a group of previous grantees and partners to apply. This round of grants supports education programs focused on mentorship, technical education training and social justice, with a joint goal of increasing access and awareness of STEM and aviation careers. The rapid response cycle will help organizations committed to racial and gender equity that have encountered financial setbacks in achieving their missions due to the pandemic. Considerations were given to programs providing opportunities for virtual engagement and those in need of technology resources for online and remote education.

“Race, gender and economic disparity disproportionately affect communities of color and women and girls. This became more apparent during the coronavirus pandemic,” said Ursula Hurley, president of the JetBlue Foundation. “Several of our partners’ survival was at risk due to a lack of funding. Our grantees are actively working to advance diversity, social justice and equity, especially in STEM and aviation where barriers to access already exist. If these organizations are not able to continue their work today, our industry’s future talent pipeline will be impacted. The JetBlue Foundation issued rapid response grants to help these programs survive so students’ STEM paths would not be deterred.”

The 2020/2021 rapid response grant recipients include:

  • America on Tech (AOT) (New York) – AOT prepares the next generation of tech leaders and helps decrease the economic and racial wealth gap. With support from the JetBlue Foundation, AOT will provide technology programming to nearly 400 high school students, place over 100 alumni in internships and hire 24 AOT graduates as peer mentors.
  • Artists For Humanity (AFH) (Boston) – AFH provides under-resourced teens with the keys to self-sufficiency through paid employment in art and design, bridging economic, racial, and social divisions. AFH will use this grant for its virtual 3D Design and Digital Media Studios to build teen’s confidence in STEM.
  • Aviation High School (New York) – Aviation High School provide students with a rigorous academic and technical program, preparing them for careers in aerospace. The school will create a Saturday aviation maintenance course and hands-on learning opportunities to help students impacted by the quarantine meet their license requirements on time.
  • Broward County Schools (Fort Lauderdale, Fla.) – BCPS is based in South Florida, ground zero for a multitude of issues due to a changing climate. This grant will go towards climate change education for students in the Youth Climate Task Force as part of the annual Broward Youth Climate Summit.
  • Columbia Memorial Space Center (Downey, Calif.) – The Center is an innovative STEM learning center whose mission is “to ignite a community of creative and critical thinkers,” located near Los Angeles. Funding will allow the Center to continue offering Challenger Learning Center simulated missions through virtual platforms free of charge for under-resourced school groups.
  • Girls Inc. of Worcester (Worcester, Mass) –The Girls Inc. experience equips girls to navigate gender, economic and social barriers. Girls Inc. will ensure some of the most underserved and vulnerable girls in the Worcester community continue to have access to vital services and academic support.
  • Latino Pilots Association (LPA) (Atlantic Beach, Fla.) – LPA is a non-profit, volunteer organization focused on giving back to the Latinx community. LPA will redesign and manage its website, which will be used for job placement support and access to financial resources for members who were furloughed due to the pandemic.
  • Lower East Side Girls Club (LESGC) (New York) – The LESGC addresses the historic lack of services available to girls and young women on the Lower East Side of Manhattan. As access to healthy meals is vital to the education process, this grant will support the Girls Club Food Pantry – a weekly distribution of food staples in this low-income neighborhood impacted by food insecurity and pandemic-related recession.
  • Oliver Scholars (New York) – Oliver Scholars prepares high-achieving Black and Latinx students from underserved communities for success at top high schools and colleges. This grant will support curriculum development for virtual and remote STEM programming, test prep partnerships and Computer Science coursework.
  • Project Scientist (Charlotte, N.C.) – Project Scientist began with a dream to increase diversity in STEM by inspiring girls. It was created to change the world’s view of “who” a scientist is and “what” a scientist does by offering hands-on STEM learning. This grant will support the STEM Club afterschool program, serving Black girls, ages 4-12, from low-income areas.
  • Reach the World (New York) –Reach the World’s virtual exchange programs connect STEM explorers and classrooms online, inspiring youth to become curious, confident and compassionate global citizens. This funding will help bring STEM Through a Global Lens programming to 21 elementary school classrooms in Bronx and Brooklyn.
  • Variety Boys and Girls Club (VBGCQ) (New York) – VBGCQ is a nonprofit organization that inspires children to discover their passions and cultivate their futures through a diverse array of development programs. Their grant will support the Teen Center where more than 100 local students will have access to arts, STEM, financial literacy and college and career readiness programming.

COVID-19 Pandemic Support – Early in the pandemic as many school districts shifted to virtual learning, issues such as the digital divide became apparent. The lack of access to technology especially in underserved communities became clear. The JetBlue Foundation and its ambassadors quickly jumped into action to donate refurbished laptops to assist students in need with the transition to virtual formats. Throughout the summer and fall, the JetBlue Foundation also created virtual programming with partners including Project Scientist, Organization of Black Aerospace Professionals (OBAP), Artists for Humanity and Tools & Tiaras to continue to spark an interest in STEM and aviation among students.

The JetBlue Foundation seeks out programs focusing on communities traditionally underrepresented in STEM and aviation fields including women, minority groups and veterans. Beyond just grants, the JetBlue Foundation provides programming, mentoring, internships and more to make a difference for the next generation of aviators, dispatchers, aircraft mechanics and pilots.

About the JetBlue Foundation

Since 2013, the JetBlue Foundation has built lasting relationships with more than 90 science, technology, engineering and math (STEM) and aviation-focused programs and provided grants and in-kind support to help these programs take off. The JetBlue Foundation furthers JetBlue’s work to place aviation top of mind as a future career choice for students. The JetBlue Foundation provides financial, in-kind and mentorship support to education and pipeline initiatives focused on STEM to ensure that even more women and traditionally underrepresented groups are present in the hangars, boardrooms, airports and airline corporate offices of the future. To learn more visit jetbluefoundation.org.

About JetBlue Airways

JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan. JetBlue carries customers across the U.S., Caribbean, and Latin America. For more information, visit jetblue.com.

Media Contact

JetBlue Corporate Communications

Tel: +1 718 709 3089

[email protected]

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ATSG to Webcast Investor Presentation at the Stifel 2021 Transportation & Logistics Conference

ATSG to Webcast Investor Presentation at the Stifel 2021 Transportation & Logistics Conference

WILMINGTON, Ohio–(BUSINESS WIRE)–
Air Transport Services Group, Inc. (Nasdaq:ATSG) today announced that it will make a webcast presentation at the Stifel Virtual Transportation & Logistics Conference on Wednesday, February 10, 2021, at 2 p.m. Eastern time.

ATSG’s Rich Corrado, president and chief executive officer, and Quint Turner, chief financial officer, will discuss the company’s business model and its strategy as the leading source of leased freighter aircraft, including Boeing 767s it leases to Amazon, DHL, UPS and others, as well as its dedicated passenger transport services for the U.S. Department of Defense and other customers. They will also review ATSG’s financial position, including expanding cash flows from its growing portfolio of leased freighter aircraft, and its strong balance sheet.

ATSG will offer a live audio webcast of a “fireside chat” discussion led by Stifel analyst David Ross, plus an updated investor slide presentation, via links on its website, www.atsginc.com. The webcast presentation will be available via the same site for 30 days.

About ATSG

ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, through its leasing and airline subsidiaries, is the world’s largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services. ATSG’s subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc., including its subsidiary, Pemco World Air Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. For more information, please see www.atsginc.com.

Quint O. Turner, ATSG Inc. Chief Financial Officer

937-366-2303

KEYWORDS: Ohio United States North America

INDUSTRY KEYWORDS: Air Transport Logistics/Supply Chain Management Transportation Travel Other Transport

MEDIA:

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KNDI 4-DAY INVESTOR DEADLINE: Hagens Berman Alerts Kandi Technologies Group (KNDI) Investors to February 9th Deadline in Securities Fraud Lawsuit, Investors with Losses Should Contact the Firm Now

SAN FRANCISCO, Feb. 05, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Kandi Technologies Group, Inc. (NASDAQ: KNDI) investors to submit their losses now. A securities fraud class action has been filed and certain investors may have valuable claims.

Class Period: Mar. 15, 2019 – Nov. 27, 2020
Lead Plaintiff Deadline: Feb. 9, 2021
Visit:www.hbsslaw.com/investor-fraud/KNDI
Contact An Attorney Now:[email protected]
         844-916-0895

Kandi Technologies Group, Inc. (KNDI) Securities Fraud Class Action:

The complaint centers on whether Kandi manipulated its financial statements, including overstating revenues.

More specifically, according to the complaint (1) Kandi artificially inflated reported revenues through undisclosed related party transactions, and (2) most of Kandi’s sales during the past year were to undisclosed related parties, indicating the lack of arms-length transactions.

But investors began to learn the truth, according to the complaint, on Nov. 30, 2020, when Hindenburg Research published a scathing lengthy forensic report based on on-the-ground inspections at Kandi’s factories and customer locations in China, interviews with over a dozen former employees, and review of numerous litigation documents and internal public records.

According to Hindenburg, Kandi engaged in a “brazen scheme” to “falsify revenue using fake sales to undisclosed affiliates.” Hindenburg reported (1) it unmasked Kandi’s top customers and found that almost 64% of Kandi’s last twelve months sales have been to undisclosed related parties, and (2) the company’s largest customer, representing about 55% of Kandi’s last twelve months sales, shares a phone number with a Kandi subsidiary and a Kandi executive. Hindenburg further concludes Kandi’s financials corroborate its concerns, noting that “[t]he company has consistently booked revenue it cannot collect, a classic hallmark of fake revenue.”

This news drove the price of Kandi shares crashing lower.

“We’re focused on, among other things, investor losses and proving Kandi engaged in revenue recognition fraud,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a Kandi investor, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Kandi should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].


About Hagens Berman


Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895



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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Immunovant, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Immunovant, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Immunovant, Inc. (“Immunovant” or “the Company”) (NASDAQ: IMVT) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Immunovant announced a “voluntary pause of dosing in its ongoing clinical trials for IMVT-1401″ on February 2, 2021. The Company admitted that it “has become aware of a physiological signal consisting of elevated total cholesterol and LDL levels in IMVT-1401-treated patients” and “out of an abundance of caution, the Company has decided to voluntarily pause dosing in ongoing clinical studies in both TED and in Warm Autoimmune Hemolytic Anemia, in order to inform patients, investigators, and regulators as well as to modify the monitoring program.” Based on this news, shares of Immunovant fell by more than 42% on the same day.

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

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

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

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

The Schall Law Firm

Brian Schall, Esq.

310-301-3335

[email protected]

www.schallfirm.com

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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Federman & Sherwood Investigates Clover Health Investments, Corp. for Possible Violations of Federal Securities Laws

Federman & Sherwood Investigates Clover Health Investments, Corp. for Possible Violations of Federal Securities Laws

OKLAHOMA CITY–(BUSINESS WIRE)–
The law firm of Federman & Sherwood has initiated an investigation into Clover Health Investments, Corp [NASDAQ: CLOV] with respect to possible violations of federal securities laws.

On January 7, 2021, Clover Health Investments, Corp. (“CLOV”) merged with SPAC Social Capital Hedosphia Holdings Corp. III and began to trade under the symbol CLOV. On February 4, 2021, Hindenburg Research published a report about CLOV titled “Clover Health: How the “King of SPACs” Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ Investigation.” The report alleged that Clover “has not disclosed that its business model and its software offering, called the Clover Assistant, are under active investigation by the Department of Justice (DOJ), which is investigating at least 12 issues ranging from kickbacks to marketing practices to undisclosed third-party deals[.]” The report further noted that “multiple former [Clover] employees explained that much of Clover’s sales are fueled by a major undisclosed relationship between Clover and an outside brokerage firm controlled by Clover’s Head of Sales, Hiram Bermudez.” On this news shares of Clover stock fell $1.72 per share to close at $12.23 per share on February 4, 2021.

If you purchased CLOV securities prior to February 4, 2021, have lost money and are interested in pursuing a legal action, or if you have questions about your rights, please email [email protected] or call (405) 235-1560 or you can visit our website at https://www.federmanlaw.com/blog/federman-sherwood-investigates-clover-health-investments-corp-for-possible-violations-of-federal-securities-laws/ to complete the certification Federman & Sherwood has extensive nationwide experience in representing investors in securities, derivative and merger-related shareholder class actions, and has been appointed as lead counsel in multiple complex cases.

Robin Hester

FEDERMAN & SHERWOOD

Telephone: (405) 235-1560

Email to: [email protected]

KEYWORDS: Oklahoma United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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MEDIA ADVISORY: Coalition of Ontario unions hold press conference on lawsuit against wage restraint legislation

TORONTO, Feb. 05, 2021 (GLOBE NEWSWIRE) — A coalition of over 40 Ontario unions are holding a media conference on Tuesday, February 9 at 9:00 a.m., via Zoom, to provide an update on the legal challenge to legislation which severely limits wages and benefit increases for public sector workers, Bill 124.

The coalition says Bill 124 violates bargaining rights enshrined in the Charter of Rights and Freedoms. This violation is particularly atrocious in the midst of the COVID-19, where public sector workers have been on the front lines of this crisis while being held to wages below the rate of inflation.

Speakers will include:

  • Patty Coates, President, Ontario Federation of Labour
  • Fred Hahn, President, CUPE Ontario
  • Sharleen Stewart, President, SEIU Healthcare
  • Steven Barrett, Managing Partner, Goldblatt Partners

WHEN: Tuesday February 9, at 9:00 a.m. – 9:45 a.m.

WHERE: Zoom livestream

Media are encouraged to pre-register for Tuesday’s media conference on Zoom here:
https://us02web.zoom.us/meeting/register/tZwrc-uvqzwtGNPB86i9-E-ctHUgETqaHDVq

For more information, please contact:

Melissa Palermo 
Director of Communications 
Ontario Federation of Labour
[email protected] l 416-894-3456

Daniel Tseghay 
Communications Representative
Ontario Regional Office, CUPE
[email protected] l 647-220-9739

Corey Johnson
Head of Communications
SEIU Healthcare
[email protected] | 416-529-8909