Market Newsdesk

Slack Announces Date of Third Quarter Fiscal Year 2021 Financial Results

SAN FRANCISCO–(BUSINESS WIRE)–
Slack Technologies, Inc. (NYSE:WORK) today announced that it will report its financial results for the third quarter of fiscal year 2021, ended October 31, 2020, following the close of the U.S. markets on Wednesday, December 9, 2020. Slack will host a conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results.

To access the conference call, participants need to register in advance online at http://www.directeventreg.com/registration/event/5993745. A live webcast of the conference call will be available on the Slack Investor Relations website, investor.slackhq.com. Following the completion of the call, a replay will also be made available at investor.slackhq.com.

About Slack

Slack has transformed business communication. It’s the leading channel-based messaging platform, used by millions to align their teams, unify their systems, and drive their businesses forward. Only Slack offers a secure, enterprise-grade environment that can scale with the largest companies in the world. It is a new layer of the business technology stack where people can work together more effectively, connect all their other software tools and services, and find the information they need to do their best work. Slack is where work happens.

Slack and the Slack logo are trademarks of Slack Technologies, Inc. or its subsidiaries in the U.S. and/or other countries. Other names and brands may be claimed as the property of others.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116005923/en/

Jesse Hulsing

Investor Relations

[email protected]

Steve Sharpe

Media Relations

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Data Management Technology Mobile/Wireless Software Networks Internet

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The Toro Company to Announce Fiscal 2020 Full-Year Results

BLOOMINGTON, Minn.–(BUSINESS WIRE)–
The Toro Company (NYSE: TTC) today announced that it will release its fiscal 2020 full-year results on Wednesday, December 16, at approximately 7:30 a.m. CST. The full text of Toro’s earnings release will be available at that time at www.thetorocompany.com/invest. The company also will hold an earnings conference call at 10 a.m. CST that day.

A live, listen-only webcast of the earnings conference call will be available at www.thetorocompany.com/invest. Visitors are encouraged to go to the website in advance of the call to register, and download and install any necessary audio software.

For those unable to listen to the live webcast, a replay will be available at www.thetorocompany.com/invest.

About The Toro Company

The Toro Company (NYSE: TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With sales of $3.1 billion in fiscal 2019, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, BOSS Snowplow, Ventrac, American Augers, Subsite Electronics, HammerHead, Trencor, Unique Lighting Systems, Irritrol, Hayter, Pope, Lawn-Boy and Radius HDD. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence by helping customers care for golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. For more information, visit www.thetorocompany.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116005908/en/

Investor Relations

Nicholas Rhoads

Managing Director, Investor Relations

(952) 887-8865, [email protected]

Media Relations

Branden Happel

Senior Manager, Public Relations

(952) 887-8930, [email protected]

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Building Systems Automotive Manufacturing Landscape Other Construction & Property Manufacturing Residential Building & Real Estate

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Universal Insurance Holdings Declares Regular and Special Cash Dividends Totaling 29 Cents Per Share

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–
Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors has declared a quarterly regular and special cash dividend, together totaling 29 cents per share of common stock, payable December 18, 2020 to shareholders of record as of the close of business on December 11, 2020. The 29 cents per share dividend consists of a regular quarterly cash dividend of 16 cents per share and a special cash dividend of 13 cents per share, bringing the total regular and special dividends declared in 2020 to 77 cents per share.

About Universal Insurance Holdings, Inc.

Universal Insurance Holdings (UVE) is a holding company offering property and casualty insurance and value-added insurance services. We develop, market, and write insurance products for consumers predominantly in the personal residential homeowners lines of business and perform substantially all other insurance-related services for our primary insurance entities, including risk management, claims management and distribution. We sell insurance products through both our appointed independent agents and through our direct online distribution channels in the United States across 19 states (primarily Florida). Learn more at UniversalInsuranceHoldings.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116005884/en/

Investor Relations Contact:

Rob Luther, 954-958-1200 ext. 6750

VP, Corporate Development, Strategy & IR

[email protected]

Media Relations Contact:

Andy Brimmer / Mahmoud Siddig, 212-355-4449

Joele Frank, Wilkinson Brimmer Katcher

KEYWORDS: Florida United States North America

INDUSTRY KEYWORDS: Insurance Professional Services

MEDIA:

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Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029

ENGLEWOOD, Colo.–(BUSINESS WIRE)–
Qurate Retail, Inc. (“Qurate Retail”) (Nasdaq: QRTEA, QRTEB, QRTEP) today announced the payment of a semi-annual interest payment and a regular additional distribution to the holders as of November 1, 2020 of the 4.0% Senior Exchangeable Debentures due 2029 (the “Debentures”) issued by its wholly-owned subsidiary, Liberty Interactive LLC (“LI LLC”). The amount of the interest payment is $20.00 per $1,000 original principal amount of Debentures (a “Debenture”), and the amount of the additional distribution is $0.3930 per Debenture.

Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced by an amount equal to each Extraordinary Additional Distribution made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive semi-annual interest payment date to the extent necessary to cause the semi-annual interest payment to represent the payment of an annualized yield of 4.0% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular Extraordinary Additional Distribution that results in an adjustment to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that Extraordinary Additional Distribution.

To date, there has been one Extraordinary Additional Distribution to holders of the Debentures. On August 7, 2013, LI LLC made an Extraordinary Additional Distribution of $63.0960 per $1,000 original principal amount of the Debentures arising from the merger transaction between Sprint Nextel Corporation and SoftBank Corp.

Adjustments to the principal amount of the Debentures do not affect the amount of the semi-annual interest payments received by holders of the Debentures, which will continue to be a rate equal to 4.0% per annum of the original principal amount of the Debentures. Below is a detail of the amount of the semi-annual interest payment being made on the Debentures announced today, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount resulting from such payment, per $1,000 original principal amount of the Debentures:

LI LLC is also making a regular additional distribution of $0.3930 per Debenture, attributable to the quarterly cash dividends paid by Century Link, Inc. (doing business as Lumen Technologies) of $0.25 per share on both June 12, 2020 and September 11, 2020. The regular additional distribution will not result in an adjustment to the adjusted principal amount of the Debentures.

The semi-annual interest payment and regular additional distribution are expected to be paid on November 16, 2020 to holders of record of the Debentures on November 1, 2020.

On April 1, 2020, T-Mobile US, Inc. completed its acquisition of Sprint Corporation (“TMUS/S Acquisition”) for 0.10256 shares of T-Mobile US, Inc. for every share of Sprint Corporation. Following the TMUS/S Acquisition, the reference shares attributable to each $1,000 original principal amount of Debentures consist of 0.3309 shares of common stock of T-Mobile US, Inc. (Nasdaq: TMUS) and 0.7860 shares of common stock of Century Link, Inc. (doing business as Lumen Technologies) (NYSE: LUMN).

About Qurate Retail, Inc.

Qurate Retail, Inc. operates and owns interests in a broad range of digital commerce businesses. Qurate Retail, Inc.’s businesses and assets consist of QVC (and its subsidiaries, including HSN), Zulily and the Cornerstone Brands (collectively, the Qurate Retail Group) as well as various green energy and other investments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116005029/en/

Courtnee Chun

720-875-5420

KEYWORDS: United States North America Colorado

INDUSTRY KEYWORDS: Retail Online Retail Luxury Fashion

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Fisker and Magna Achieve Key Engineering and Purchasing Milestones

• Fisker and Magna achieve Preliminary Product Specification, a key engineering and purchasing gateway, on the Fisker Ocean product program

LOS ANGELES–(BUSINESS WIRE)–
Fisker Inc. (NYSE: FSR) (“Fisker”) – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions – today confirmed that the company and Magna International Inc. (collectively with its affiliates, “Magna”) had completed the Preliminary Product Specification (PPS) gateway, a key engineering and purchasing milestone for the Fisker Ocean SUV. This milestone confirms preliminary specifications and targeted performance on key components and subsystems, as well as timing for all subsequent gateways through to the planned start of production in Q4, 2022.

“Today’s announcements demonstrate our team’s ability to set aggressive targets and achieve them on time,” commented Fisker Chairman and Chief Executive Officer, Henrik Fisker. “Completing these important engineering and purchasing milestones demonstrates how well the Fisker and Magna teams are working together and keeping our rapid, capital-light product development program on-track towards the delivery of the all-electric Fisker Ocean SUV, expected to commence in Q4 2022.”

On Oct. 15, 2020, Fisker and Magna announced they had entered into agreements to provide the framework for strategic platform sharing and manufacturing cooperation for the Fisker Ocean SUV. The Fisker Ocean will initially be manufactured exclusively by Magna in Europe, where it currently produces several high-quality vehicles on behalf of global brands. Fisker and Magna have agreed to work together to continue to develop new technologies that will accelerate innovation across multiple automotive systems and architectures for Fisker vehicles.

For more information, or for interview inquiries, contact [email protected].

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.

Forward Looking Statements

This press release includes forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker’s limited operating history; Fisker’s ability to enter into platform and manufacturing contracts with Magna, or other OEMs or tier-one suppliers in order to execute on its business plan; Fisker’s ability to execute its business model, including market acceptance of its planned products and services; Fisker’s inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116006013/en/

Fisker Inc.

Simon Sproule, SVP, Communications

310.374.6177 / [email protected]

Dan Galves, VP, Investor Relations

[email protected]

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Environment Alternative Energy Energy Automotive Engineering Automotive Manufacturing General Automotive Manufacturing

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SG Blocks Joint Venture Partnership Clarity Mobile Venture Selected as Trusted Testing Partner for Hawaii’s COVID-19 Travel Testing Program

NEW YORK–(BUSINESS WIRE)–SG Blocks, Inc. (Nasdaq: SGBX) (“SG Blocks” or the “Company”), a leading designer, innovator and fabricator of container-based structures, announced today that its Clarity Mobile Venture (“CMV”) partnership with Clarity Lab Solutions has been selected as a Trusted Testing Partner (TTP) for Hawaii’s COVID-19 travel testing program.

“Our scalable solution for COVID-19 testing has various use-cases, and CMV’s pre-travel service has been in serious demand,” stated Daniel Leger, President and Co-Founder of Clarity Lab Solutions. “With the knowledge of SG Blocks and their deployable modular laboratories and Clarity Lab Solutions’ experience in molecular diagnostics, we were able to fulfill the requirements put forth by Hawaii’s Department of Health to become a Trusted Testing Partner.”

“This is a huge step for our CMV partnership into the rapidly-growing and highly-profitable mobile laboratory market,” stated Paul Galvin, Chief Executive Officer of SG Blocks. “Our ability to combine Clarity’s PCR testing expertise and lab certification, with SG Blocks’ modular, efficient and quickly-deployable testing facilities positions us to assist Hawaii’s efforts to resume normal business and leisure travel activity as quickly and safely as possible.”

CMV has the ability to provide testing services that fulfill TTP requirements around the country and is currently in discussions for launching testing sites in localities that are ideal for testing passengers travelling to Hawaii. Initially, testing will be available in Southern California.

Hawaii’s COVID-19 travel testing program requires that all travelers, five years and older, arriving in the State of Hawaii may bypass the state’s mandatory 14-day quarantine by taking a COVID-19 Nucleic Acid Amplification Test (NAAT) from a trusted testing partner, including CMV. Partners were selected based on their ability to administer the test and expand the testing network, with the goal of making it easier to safely travel to Hawaii. The state will accept COVID-19 test results from the new partners starting November 17, 2020.

About SG Blocks:

SG Blocks, Inc. is a premier innovator in advancing and promoting the use of code-engineered cargo shipping containers for safe and sustainable construction. The firm offers a product that exceeds many standard building code requirements, and also supports developers, architects, builders and owners in achieving greener construction, faster execution, and stronger buildings of higher value. Each project starts with GreenSteel^TM, the structural core and shell of an SG Blocks building, and then customized to client specifications. For more information, visit www.sgblocks.com.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions and includes statements such as making it easier to safely travel to Hawaii. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to construct, deliver and deploy testing facilities to assist Hawaii’s efforts to resume normal business and leisure travel as planned, the Company’s ability to position itself for future profitability, , the Company’s ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and the Company’s subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116006012/en/

Media:

Rubenstein Public Relations

Christina Levin

Account Director

212-805-3029

[email protected]

Investors:

Stephen Swett

(203) 682-8377

[email protected]

KEYWORDS: New York Hawaii United States North America

INDUSTRY KEYWORDS: General Health Architecture Other Travel Other Construction & Property Infectious Diseases Commercial Building & Real Estate Travel Construction & Property Environment Maritime Transport Health Logistics/Supply Chain Management

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Contact:

Scorpio Bulkers Inc.
+377-9798-5715 (Monaco)
+1-646-432-1675 (New York)