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P10 Holdings, Inc. releases Third Quarter 2020 Report to Shareholders

DALLAS, Nov. 16, 2020 (GLOBE NEWSWIRE) — P10 Holdings, Inc. (OTC:PIOE) has released their Third Quarter 2020 Report to Shareholders. This report can be found at www.p10holdings.com under the Quarterly Results section of the Investor Relations page.

About P10 Holdings

P10 Holdings is a niche-oriented private markets investment firm located in Dallas, Texas. The firm and its subsidiaries offer a comprehensive suite of private equity, venture capital, and private credit strategies to limited partners around the globe. The firm is well positioned to continue raising and deploying capital at exceptional risk adjusted returns on behalf of its investors while generating long-term value for P10 shareholders.

P10 Holdings believes the combination of RCP Advisors (www.rcpadvisors.com), TrueBridge Capital Partners (www.truebridgecapital.com), and Five Points Capital (www.fivepointscapital.com) creates the best-in-class franchise in private equity, venture capital, and private credit, offering a full suite of niche-oriented, market leading private markets products and services to its underlying fund sponsors and its investors alike.

P10 Holdings has an ongoing commitment to expanding its capabilities and investment products in niche-oriented, private market strategies where relationships, data, and market intelligence (as opposed to scale) are crucial to successful investing. Additionally, the firm will continue to pursue plans to monetize its patents.

For more information, visit www.p10holdings.com. P10 Holdings stock trades on the OTC Pink Market, which is operated by OTC Markets Group, a centralized electronic quotation service for over-the-counter securities. P10 Holdings stock trades under the symbol “PIOE.”

Information in this release is for informational purposes only and is not to be construed as an offer to sell or the solicitation of an offer to buy any security.



P10 Press and Investor Contact:
[email protected]

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Zanite Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering

Zanite Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering

CLEVELAND–(BUSINESS WIRE)–
Zanite Acquisition Corp. (“Zanite” or the “Company”) announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and will begin trading tomorrow, Tuesday, November 17, 2020, under the ticker symbol “ZNTEU”. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “ZNTE” and “ZNTEW,” respectively.

Zanite is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the Company may pursue an acquisition opportunity in any business or industry, it intends to focus on companies in the aviation, aerospace and defense, urban mobility and emerging technologies industries.

BTIG, LLC is acting as the sole book running manager for the offering and I-Bankers Securities, Inc. is acting as co-manager of the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price, to cover over-allotments, if any.

The public offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from: BTIG, LLC, 65 East 55th Street, New York, NY 10022, or by e-mail at [email protected].

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (“SEC”) on November 16, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Zanite Acquisition Corp.

Zanite Acquisition Corp. is led by Co-Chief Executive Officers Steven H. Rosen and Kenneth C. Ricci. Mr. Rosen is the Co-Founder and Co-Chief Executive Officer of Resilience Capital Partners, a private equity firm. Mr. Ricci is a principal of Directional Aviation Capital, which owns various aviation enterprises.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering and the anticipated use of the net proceeds of such offering. No assurance can be given that such offering will be completed on the terms described, or at all, or the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Loretta Healy

The Hubbell Group, Inc.

781-718-1117 (cell)

[email protected]

KEYWORDS: Ohio United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Pine Island Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering

Pine Island Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–
Pine Island Acquisition Corp. (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on the New York Stock Exchange under the ticker symbol “PIPP.U” beginning November 17, 2020. Each unit consists of one share of the Company’s Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on the New York Stock Exchange under the symbols ‘‘PIPP’’ and ‘‘PIPP WS,’’ respectively.

The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the Company’s efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to focus on businesses in the defense, government service and aerospace industries.

Citigroup is acting as sole book-running manager. The Company has granted the underwriters a 45-day option to purchase up to 3,000,000 additional units at the initial public offering price to cover over-allotments, if any.

The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-800-831-9146.

A registration statement relating to the securities became effective on November 16, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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. The offering is expected to close on November 19, 2020, subject to customary closing conditions.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the Company’s plans with respect to the target industry for a potential business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Pine Island Acquisition Corp.

Clyde Tuggle

(954) 526-4865

[email protected]

KEYWORDS: Florida United States North America

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

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First United Airlines Flight Offering Free Transatlantic COVID-19 Testing Takes Off

First of its kind, testing program guarantees customers over two years old and crew test negative before departure

Three-times-weekly flights from New York/Newark to London Heathrow begin four-week run

PR Newswire

NEWARK, N.J., Nov. 16, 2020 /PRNewswire/ — Today, United customers traveling on flight 14 from Newark Liberty International Airport (EWR) to London Heathrow (LHR) were the first to experience the airline’s free transatlantic COVID-19 testing pilot program. The airline provided rapid tests to every passenger over 2 years old and all crew members on board, free of charge, guaranteeing everyone* on the flight tested negative prior to departure.

“These flights are a good proof-of-concept for governments around the world that are considering making testing part of the travel experience,” said Toby Enqvist, chief customer officer for United. “Expanding our testing efforts with pilot programs like this one not only helps guarantee passengers* onboard test negative for COVID-19, it also adds another element to our layered approach to safety and demonstrates a way to work within quarantines to key international destinations.”

The rapid Abbott ID Now COVID-19 test – administered by Premise Health – was offered onsite at a testing facility, located at the Newark United Club near Gate C93. The test will continue to be used with passengers traveling on United Flight 14, departing at 7:15 p.m., Mondays, Wednesdays and Fridays for the next four weeks. Customers booking these flights will have the option to confirm their willingness to participate in the trial or be accommodated on another flight. Customers who opt-in will receive information prior to travel in order to schedule a testing appointment at least three hours before their flight departs. All customers are still subject to current U.K. entry requirements, including the 14-day quarantine rule. For more information on the testing program, please visit united.com/covid-testing.

United has invited governments on both sides of the Atlantic to observe this pilot program and to assess its effectiveness as an alternative to mandatory quarantines and travel restrictions. United has seen a positive impact on travel demand and significant increases in customer load factors as well as revenue when testing options are available.

Before the pandemic, United operated six daily flights between New York/Newark and London Heathrow on a 767-300ER (76L), offering not only the most frequency among U.S. carriers, but also the most business class and Premium Economy seats. Click here for b-roll and still images of United Airlines’ COVID-19 testing programs.

Since the start of the pandemic, United has been a leader among U.S. airlines in enacting new policies and innovations designed to keep employees and passengers safe when traveling. It was the first U.S. airline to mandate masks for flight attendants, quickly followed by all customers and employees. United was also among the first U.S. carriers to announce it would not permit customers who refused to comply with the airline’s mandatory mask policy to fly with them, while the face mask policy is in place. United was also the first U.S. airline to roll out touchless check-in for customers with bags and the first to require passengers to take an online health self-assessment before traveling. Additionally, last month, the airline announced it will apply Zoono Microbe Shield, an EPA registered antimicrobial coating that forms a long-lasting bond with surfaces and inhibits the growth of microbes, to its entire mainline and express fleet before the end of the year.

For more details on all the ways United is helping to keep customers safe during their journey, please visit united.com/cleanplus.

* Indicates all customers over 2 years of age

About United

United’s shared purpose is “Connecting People. Uniting the World.” For more information, visit united.com, follow @United on Twitter and Instagram or connect on Facebook. The common stock of United’s parent, United Airlines Holdings, Inc., is traded on the Nasdaq under the symbol “UAL”.

 

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SOURCE United Airlines

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SunPoint Public Adjusters, Inc., Jelly Belly®, Corp.& JAKKS Pacific®, Inc. Launch Holiday Toys & Treats Giveaway to Affected Families of the California & Pacific Northwest Wildfires

SunPoint Public Adjusters, Inc., Jelly Belly®, Corp.& JAKKS Pacific®, Inc. Launch Holiday Toys & Treats Giveaway to Affected Families of the California & Pacific Northwest Wildfires

ANTIOCH, Calif.–(BUSINESS WIRE)–
SunPoint Public Adjusters, Inc., JAKKS Pacific, Inc. ® (NASDAQ: JAKK) and Jelly Belly Corp. announced today that they are teaming up once again this holiday season to provide toys and treats to children affected by the recent catastrophic wildfires in California and the Pacific Northwest.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201116006088/en/

“Our recent Halloween toy and costume drive was a tremendous success,” said Gregg Clifford, President and CEO of SunPoint Public Adjusters, Inc. “But with the continued aftermath of these unprecedented fires, and the country battling with the COVID-19 pandemic, we wanted to continue to help children during the upcoming holidays. Our children should not have their holiday season ruined by the effects of the wildfires and other challenges faced in our country. Our hope is that this holiday toys and treats drive will lead to a joyous holiday season for children and families in need. We are so thankful to our partners JAKKS Pacific and Jelly Belly for their incredible and generous contributions to make this happen.”

“It’s truly our pleasure to continue to contribute what we can during these very challenging times. We are grateful for our partnership with Gregg and SunPoint Public Adjusters, and proud of the shared initiative to ensure a happy holiday season for families that have endured a difficult year,” said Jared Wolfson, JAKKS Pacific SVP Media & Entertainment.

“The recent wildfires have had a profound impact on so many families throughout the West. We are pleased to partner with SunPoint and JAKKS Pacific to provideJellyBelly treats to brighten the lives of children coping with the tragic loss of their homes,” said LisaRowland Brasher, President and CEO,Jelly BellyCandy Company.

If your family has been displaced, or home has been red-tagged as unsafe to occupy as a result of the recent West Coast firestorms, please visit the SunPoint Public Adjusters, Inc. website at (www.sunpoint.us) and click on the holiday toys and treats giveaway link and fill in the information. The deadline for submittals is December 15, 2020. You will be contacted directly so that packages can be delivered to your children prior to the holidays. We are also hoping to create a collage of all the children having fun this holiday season, and encourage all parents to take photos of their children enjoying their toys and treats and post throughout social media using hashtag #happyholidays2020 and tag SunPoint Public Adjusters, Inc., JAKKS Pacific, and Jelly Belly – there is a place on the form to let us know if you would like your child/children included in the collage.

“Our hope is that the toys and treats will provide a little ray of sunshine through the havoc this year has shown us all,” Clifford said. “We are so thankful as we stated before to our partners JAKKS Pacific and Jelly Belly for their incredible and generous contributions to make this happen. We could not be more thankful and happy to have these wonderful companies offer to help.”

About SunPoint Public Adjusters, Inc.:

SunPoint Public Adjusters, Inc. is the “Gold Standard” of the Public Adjusting industry. Our team of experts has been advocating on behalf of policyholders for decades. We have handled, managed, and successfully navigated claims ranging from homeowner losses; corporate losses in the hundreds of millions of dollars; disaster losses involving government entities and entire municipalities; agricultural and recall losses, and virtually any type of disaster claim that could be imagined. We are here when you need us.

About JAKKS Pacific, Inc.:

JAKKS Pacific, Inc. is a leading designer, manufacturer, and marketer of toys and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific’s popular proprietary brands include; Fly Wheels™, Kitten Catfe™, Perfectly Cute™, ReDo™ Skateboard Co, X-Power™, Disguise®, Moose Mountain®, Maui®, Kids Only!®; a wide range of entertainment-inspired products featuring premier licensed properties; and C’est Moi™, a new generation of clean beauty. Through JAKKS Cares, the company’s commitment to philanthropy, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram (@jakkstoys), Twitter (@jakkstoys), and Facebook (JAKKS Pacific).

About Jelly Belly Candy Company:

Jelly Belly Candy Company was founded in 1898 and began making Jelly Belly® jelly beans in 1976. Today, Jelly Belly products are sold all over the world and the company remains family-owned and operated by the fourth, fifth, and sixth generations of the candy-making family. For more information about Jelly Belly and its confections, visit www.jellybelly.com, or consumers can call (800) 522-3267 and retailers can call (800) 323-9380. Connect with the company online on Facebook, Instagram, Pinterest, YouTube, and LinkedIn.

Elaine Gulino

480.277.0071

[email protected]

www.sunpoint.us

KEYWORDS: Washington California Oregon United States North America

INDUSTRY KEYWORDS: Children Professional Services Philanthropy Specialty Food/Beverage Other Philanthropy Retail Family Other Professional Services Insurance Consumer

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SHAREHOLDER ALERT: WeissLaw LLP Investigates HD Supply Holdings, Inc.

PR Newswire

NEW YORK, Nov. 16, 2020 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of HD Supply Holdings, Inc. (“HDS” or the “Company”) (NASDAQ: HDS) in connection with the proposed acquisition of the Company by The Home Depot, Inc. (“Home Depot”) (NYSE: HD).  The transaction is structured as an all-cash tender offer in which the Company’s shareholders will receive $56.00 for each share of HDS common stock that they hold.    


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


http://www.weisslawllp.com/hds/


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 (i) HDS’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $56.00 per-share merger consideration adequately compensates HDS’s shareholders; and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. 

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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Legacy Housing Corporation Reports 2020 Third Quarter Results

BEDFORD, Texas, Nov. 16, 2020 (GLOBE NEWSWIRE) — Legacy Housing Corporation (NASDAQ: LEGH) today announced its financial results for the third quarter ended September 30, 2020.

Financial Highlights:

  • Revenue for the third quarter of 2020 was $43.7 million, which was an increase of $1.8 million and a 4.3% improvement from the net revenue of $41.9 million in the third quarter of 2019.
  • Interest income from both the consumer loan and mobile home park loan portfolios in the third quarter of 2020 was $6.4 million, a 13.0% increase from the $5.7 million recorded in the third quarter of 2019.
  • Income from operations in the third quarter of 2020 was $10.8 million, which was a $2.8 million increase and a 34.5% improvement from the $8.1 million reported in the third quarter of 2019. On a trailing twelve month basis, income from operations has increased by $10.4 million or 31.4%.
  • Selling, general and administrative expense in the third quarter of 2020 was $4.5 million, a 28.1% decrease of $1.8 million from the $6.3 million in the third quarter of 2019. This was due to a reduction in payroll costs, bad debt expense and loan loss provision, warranty service costs, and consulting and professional expenses.
  • Total inventory was reduced by $2.3 million or 5.7% to $38.0 million in the third quarter of 2020 compared to $40.3 million in the third quarter of 2019.
  • Net income in the third quarter of 2020 increased by $2.3 million to $8.4 million or 37.6% compared to $6.1 million in third quarter 2019.
  • Earnings per share for the third quarter of 2020, based on diluted weighted average shares outstanding, was $0.35 on 24,214,279 diluted outstanding shares versus $0.25 on 24,338,839 diluted outstanding shares for the comparable quarter in 2019.
  • Curtis D. Hodgson, Executive Chairman of the Board, commented, “We are pleased with the results of the third quarter of 2020, especially in our ability to outperform 2019 earnings results despite the challenges of 2020. Demand for mobile housing remains strong as we look to finishing out the remainder of the year. Over the last twelve months, we have increased tangible book value by $1.42 per share.”

This shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Company’s 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.

Management Conference Call – 
November
17
at
10
AM (Central Time)

Senior management will discuss the results of the third quarter of 2020 in a live webcast and conference call on Tuesday, November 17, 2020 at 10:00 AM Central Time. To register and participate in the webcast, please go to https://edge.media-server.com/mmc/p/zc7af25t which will also be accessible via www.legacyhousingUSA.com under the Investors link. In order to dial in, please call in at (866) 952-6347 and enter Conference ID 8382528 when prompted. Please try to join the webcast or call at least ten minutes prior to the scheduled start time.

About Legacy Housing Corporation

Legacy Housing Corporation builds, sells and finances manufactured homes and “tiny houses” that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured housing communities. We are the fourth largest producer of manufactured homes in the United States as ranked by number of homes manufactured based on the information available from the Manufactured Housing Institute. With current operations focused primarily in the southern United States, we offer our customers an array of quality homes ranging in size from approximately 390 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms. Our homes range in price, at retail, from approximately $22,000 to $120,000.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Securities and Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. As a result, our actual results or performance may differ materially from anticipated results or performance. Legacy Housing undertakes no obligation to update any such forward-looking statements after the date hereof, except as required by law. Investors should not place any reliance on any such forward-looking statements.

Investor Inquiries:
Shane Allred, Director of Financial Reporting, (817) 799-4903
[email protected]

or

Media Inquiries:
Casey Mack, (817) 799-4904
[email protected]

LEGACY HOUSING CORPORATION
BALANCE SHEETS (in thousands)
(Unaudited)
 
    September 30   December 31, 
    2020   2019
Assets                
Cash and cash equivalents   $ 1,643     $ 1,724  
Inventories     27,852       27,228  
Prepaid expenses and other current assets     26,175       24,015  
Total current assets     55,670       52,967  
Property, plant and equipment, net     22,445       21,038  
Consumer loans, net of deferred financing fees and allowance for loan losses     103,406       99,048  
Notes receivable from mobile home parks (“MHP”)     116,842       81,375  
Other assets and non-current inventory     30,017       29,192  
Total assets   $ 328,380     $ 283,620  
Liabilities and Stockholders’ Equity                
Total current liabilities, excluding debt   $ 28,139     $ 23,073  
Total long-term debt, including current portion     43,820       30,861  
Other long-term liabilities     7,764       7,297  
Total stockholder’s equity     248,657       222,389  
Total liabilities and stockholders’ equity   $ 328,380     $ 283,620  

LEGACY HOUSING CORPORATION
STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
(Unaudited)
                         
    Three Months Ended September 30   Six Months Ended September 30
    2020
   2019
   2020
   2019
Net revenue:                        
Product sales   $ 36,566     $ 35,355     $ 106,940     $ 106,671  
Consumer and MHP loans interest     6,428       5,688       18,919       16,330  
Other     749       893       2,163       2,650  
Total net revenue     43,743       41,936       128,022       125,651  
Operating expenses:                        
Cost of product sales     27,839       27,504       78,387       77,265  
Selling, general administrative expenses     4,525       6,293       14,202       18,928  
Dealer incentive     550       85       929       534  
Income from operations     10,829       8,054       34,504       28,924  
Other expense     103       (21 )     1,100       (249 )
Income before income tax expense     10,932       8,033       35,604       28,675  
Income tax expense     (2,486 )     (1,895 )     (8,097 )     (6,691 )
Net income   $ 8,446     $ 6,138     $ 27,507     $ 21,984  
Weighted average shares outstanding:                        
Basic     24,192,157       24,317,143       24,237,402       24,400,534  
Diluted     24,214,279       24,338,839       24,243,927       24,421,355  
Net income per share:                        
Basic   $ 0.35     $ 0.25     $ 1.13     $ 0.90  
Diluted   $ 0.35     $ 0.25     $ 1.13     $ 0.90  



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ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of HD Supply Holdings, Inc.

PR Newswire

NEW YORK, Nov. 16, 2020 /PRNewswire/ — Rowley Law PLLC is investigating potential securities law violations by HD Supply Holdings, Inc. (NASDAQ: HDS) and its board of directors concerning the proposed acquisition of the company by The Home Depot, Inc (NYSE: HD). Stockholders will receive $56.00 for each share of HD Supply Holdings stock that they hold. The transaction is valued at approximately $8.7 billion and is expected to close in the quarter ending January 31, 2021.

If you are a stockholder of HD Supply Holdings, Inc. and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/hds/. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at [email protected], or by telephone at 914-400-1920 or 844-400-4643 (toll-free).  

Rowley Law PLLC represents shareholders nationwide in class actions and derivative lawsuits in complex corporate litigation. For more information about the firm and its attorneys, please visit http://www.rowleylawpllc.com. 

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

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SOURCE Rowley Law PLLC

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Blue Star Foods Corp. Reports Third Quarter 2020 Financial Results

Company Sales are Up 38.9% from Q2-2020 and Returns To Profitability

Miami, Florida, Nov. 16, 2020 (GLOBE NEWSWIRE) — Blue Star Foods Corp. (OTC:BSFC), (“Blue Star”), a sustainable seafood company, announced today its financial results for the quarter ended September 30th, 2020 (“Q3-2020”).

Results of Operations – (Three months ended September 30, 2020 vs. June 30, 2020)

  ■ Increase In Sales. Revenue for the three months ended September 30, 2020 increased 38.9% to $3,980,151 as compared to $2,865,103 for the three months ended June 30, 2020.
     
    This is a result of an increase in poundage sold due to more focused sales into the retail food sector, and in particular, the market response to our patented Blue Star Brand “Eco-Fresh” pouches.
     
    The Eco-Fresh pouches have a QR code traceability feature affixed to them which means the supply chain can be verified by retail customers that appreciate the ethical packaging that consumes less energy, emits lower amounts of greenhouse gases and requires less waste management than cans or cups, which are the current industry packaging standards for pasteurized crab meat.
     
  ■ Return To Profitability: The Adjusted Cash Net Income(*) for the three months ended September 30, 2020 was $63,298 vs. an Adjusted Cash Net Income Loss of $782,197 in the three months ended June 30, 2020.
 
 
 
    The return to profitability was directly due to an increase in sales to the retail food sector and improved operational efficiencies.

Other Strategic and Operating Highlights

  ■ Significant Decrease in Year-Over-Year Outstanding Short-Term Debt. Total Current Liabilities as of September 30th, 2020 were $9,056,835 as compared to $12,722,490 as of September 30th, 2019, a reduction of $3,665,655.
     
    Throughout the last 12 months, the Company has been focused on improving its day sales inventory ratio and its cash conversion cycle which has allowed the Company to effectively lower its leverage.

The Company’s Chairman and CEO, John Keeler stated, “Almost all of our financial performance metrics improved in Q3-2020, including sales growth, a return to profitability on a cash basis, and the strengthening of our balance sheet. We believe our performance contrasts with other participants in the pasteurized crab meat space, who don’t have the retail market differentiator like we do. I am proud of my team’s resilience in the face of what are still challenging COVID-19 market conditions. As always, our focus is to continue to make improvements in the business, keep our team members safe, and to be a reliable partner to our growing retail base.” He further added, “While we continue to make improvements to our platform business, we have not stopped actively look for potential acquisition candidates that make sense in terms of both having operational synergies, and that have our core values such as improving the health of the oceans. We are determined to make some progress in this direction over the next several months.”

About Blue Star Foods Corp.

Blue Star Foods Corp. is a sustainable seafood company that processes, packages and sells refrigerated pasteurized Blue Crab meat, and other premium seafood products. The Company believes it utilizes best-in-class technology, in both resource sustainability management and traceability, and ecological packaging. Its products are currently sold in the United States, Mexico, Canada, the Caribbean, the United Kingdom, France, the Middle East, Singapore and Hong Kong. The company headquarters is in Miami, Florida (United States), and its corporate website is: http://www.bluestarfoods.com.

  (*) The Adjusted Cash Net Income is a Non-GAAP Financial Measures and is the Company’s Net Income adjusted for the minor issuance of stock dividends and certain professional fees. We report Adjusted Cash Net Income to measure our overall results because we believe it better reflects our net results by excluding the impact of non-cash equity-based compensation, and believe it enhances our investors’ overall understanding of the financial performance of our business. The Cash Adjusted Net Income of $63,298 includes an addback of an equity dividend paid of $28,260, and stock paid to consultants of $34,500.

Contacts

Constantino Gutierrez | Newbridge Securities Corporation
[email protected] | Office: (480) 207-1824



Posted on

Agenus to Participate in Fireside Chat at the Jefferies 2020 Virtual London Healthcare Conference

LEXINGTON, Mass., Nov. 16, 2020 (GLOBE NEWSWIRE) — Agenus Inc. (NASDAQ: AGEN), an immuno-oncology company with an extensive pipeline of checkpoint antibodies, cell therapies, adjuvants, and vaccines designed to activate immune response to cancers and infections, today announced that Dr. Jennifer Buell, President and COO of Agenus, will participate in a fireside chat at the Jefferies 2020 Virtual London Healthcare Conference on Tuesday, November 17, 2020 from 4:25 PM – 4:55 PM GMT / 11:25 AM – 11:55 AM EST.

Registration for the webinar can be done in advance at https://wsw.com/webcast/jeff141/agen/1816875.

A replay will be available after the call on the Events & Presentations page of the Agenus website at https://investor.agenusbio.com/events-and-presentations.


About Agenus


Agenus is a clinical-stage immuno-oncology company focused on the discovery and development of therapies that engage the body’s immune system to fight cancer. The Company’s vision is to expand the patient populations benefiting from cancer immunotherapy by pursuing combination approaches that leverage a broad repertoire of antibody therapeutics, adoptive cell therapies (through its AgenTus Therapeutics subsidiary), and proprietary cancer vaccine platforms. The Company is equipped with a suite of antibody discovery platforms and a state-of-the-art GMP manufacturing facility with the capacity to support clinical programs. Agenus is headquartered in Lexington, MA. For more information, please visit www.agenusbio.com and our Twitter handle @agenus_bio. Information that may be important to investors will be routinely posted on our website and Twitter.


Contact:


Agenus Inc. 
Caroline Bafundo
212-994-8209
[email protected]