Posts

Posted on

Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at November 30, 2020

HOUSTON, Dec. 02, 2020 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of November 30, 2020.

As of November 30, 2020, the Company’s net assets were $873 million, and its net asset value per share was $6.90. As of November 30, 2020, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 529% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 335%.

Kayne Anderson Energy Infrastructure Fund, Inc.
Statement of Assets and Liabilities
November 30, 2020
(Unaudited)
    (in millions)
Investments   $ 1,183.5  
Cash and cash equivalents     0.2  
Receivable for securities sold     0.7  
Deposits     –  
Accrued income     0.9  
Current tax asset, net     66.9  
Other assets     0.8  
Total assets     1,253.0  
     
Credit facility     62.0  
Notes     173.3  
Unamortized notes issuance costs     (0.6 )
Preferred stock     136.6  
Unamortized preferred stock issuance costs     (1.6 )
Total leverage     369.7  
     
Payable for securities purchased     1.4  
Other liabilities     9.0  
Total liabilities     10.4  
     
Net assets   $ 872.9  
     

The Company had 126,447,554 common shares outstanding as of November 30, 2020.

Long-term investments were comprised of Midstream Energy Company (87%), Utility Company (7%) and Renewable Infrastructure Company (6%).

The Company’s ten largest holdings by issuer at November 30, 2020 were:

      Amount
(in millions)		   Percent of
Long-Term
Investments1
1. MPLX LP (Midstream Energy Company)   $149.5   12.6 %
2. Enterprise Products Partners L.P. (Midstream Energy Company)     134.5   11.4 %
3. The Williams Companies, Inc. (Midstream Energy Company)     101.7   8.6 %
4. Energy Transfer LP (Midstream Energy Company)     86.0   7.3 %
5. Targa Resources Corp. (Midstream Energy Company)     79.6   6.7 %
6. Western Midstream Partners, LP (Midstream Energy Company)     63.0   5.3 %
7. Magellan Midstream Partners, L.P. (Midstream Energy Company)     58.2   4.9 %
8. Plains All American Pipeline, L.P. (Midstream Energy Company)     47.6   4.0 %
9. ONEOK, Inc. (Midstream Energy Company)     38.0   3.2 %
10. Shell Midstream Partners, L.P. (Midstream Energy Company)     36.8   3.1 %

________________________
1 Excludes Cash

Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or take into account the specific objectives or circumstances of any investor. Please consult with your investment, tax, or legal adviser regarding your individual circumstances prior to investing.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at

www.kaynefunds.com

or

www.sec.gov

. Actual events could differ materially from these statements or from our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

Contact: Investor Relations at (877) 657-3863 or [email protected]



Posted on

Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at November 30, 2020

HOUSTON, Dec. 02, 2020 (GLOBE NEWSWIRE) — Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of November 30, 2020.

As of November 30, 2020, the Fund’s net assets were $331 million and its net asset value per share was $7.02. As of November 30, 2020, the Fund’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 505% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 385%.

     
Kayne Anderson NextGen Energy & Infrastructure, Inc.
Statement of Assets and Liabilities
November 30, 2020
(Unaudited)
    (in millions)
Investments   $ 448.6  
Cash and cash equivalents     0.2  
Accrued income     1.5  
Other assets     0.5  
Total assets     450.8  
     
Credit facility     4.0  
Notes     84.5  
Unamortized notes issuance costs     (0.3 )
Preferred stock     27.5  
Unamortized preferred stock issuance costs     (0.2 )
Total leverage     115.5  
     
Payable for securities purchased     2.0  
Other liabilities     2.1  
Total liabilities     4.1  
     
Net assets   $ 331.2  
     

The Fund had 47,197,462 common shares outstanding as of November 30, 2020.

As of November 30, 2020, equity and debt investments were 98% and 2%, respectively, of the Fund’s long-term investments of $449 million. Long-term investments were comprised of Midstream Company (51%), Renewable Infrastructure Company (29%), Utility Company (15%), Other Energy (2%), Infrastructure Company (1%) and Debt (2%).

The Fund’s ten largest holdings by issuer at November 30, 2020 were:   

      Amount
(in millions)		   Percent of
Long-Term
Investments1
1. The Williams Companies, Inc. (Midstream Company)   $28.3   6.3 %
2. Targa Resources Corp. (Midstream Company)     24.1   5.4 %
3. Enterprise Products Partners L.P. (Midstream Company)     22.2   5.0 %
4. Brookfield Renewable Partners L.P. (Renewable Infrastructure Company)     21.8   4.9 %
5. Atlantica Sustainable Infrastructure plc (Renewable Infrastructure Company)     17.9   4.0 %
6. Kinder Morgan, Inc. (Midstream Company)     16.7   3.7 %
7. NextEra Energy Partners, LP (Renewable Infrastructure Company)     16.3   3.6 %
8. Innergex Renewable Energy Inc. (Renewable Infrastructure Company)     14.8   3.3 %
9. TC Energy Corporation (Midstream Company)     13.7   3.1 %
10. Northland Power Inc. (Renewable Infrastructure Company)     12.0   2.7 %

________________________
1 Excludes Cash

 

Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the
Fund
’s most recent quarterly or annual report.

Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Fund’s investment objective is to provide a high level of total return with an emphasis on making cash distributions to its stockholders. The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities of Energy Companies and Infrastructure Companies. The Fund anticipates that the majority of its investments will consist of investments
in ”NextGen
” companies, which we define as Energy Companies and Infrastructure Companies that are meaningfully participating in, or benefitting from, the Energy Transition. See Glossary of Key Terms in the Fund’s 2020 semi-annual report for a description of these investment categories and the meaning of capitalized terms.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or
take into account
the specific objectives or circumstances of any investor. Please consult with your investment, tax, or legal adviser regarding your individual circumstances prior to investing.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Fund’s filings with the SEC, available at

www.kaynefunds.com

or

www.sec.gov

. Actual events could differ materially from these statements or from our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained.

Contact: Investor Relations at (877) 657-3863 or [email protected]



Posted on

CORRECTING and REPLACING GRAPHICGaining Momentum: Annual U.S. Home Prices Appreciated 7.3% in October, CoreLogic Reports

CORRECTING and REPLACING GRAPHICGaining Momentum: Annual U.S. Home Prices Appreciated 7.3% in October, CoreLogic Reports

  • U.S. Home Price Index experienced the fastest annual acceleration since April 2014
  • HPI Forecast predicts home price growth will slow through October 2021

IRVINE, Calif.–(BUSINESS WIRE)–
Please replace the second graphic for release dated December 1, 2020 with the accompanying corrected graphic.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201201005392/en/

CoreLogic National Home Price Change and Forecast; October 2020 (Graphic: Business Wire)

CoreLogic National Home Price Change and Forecast; October 2020 (Graphic: Business Wire)

The release reads:

GAINING MOMENTUM: ANNUAL U.S. HOME PRICES APPRECIATED 7.3% IN OCTOBER, CORELOGIC REPORTS

  • U.S. Home Price Index experienced the fastest annual acceleration since April 2014
  • HPI Forecast predicts home price growth will slow through October 2021

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for October 2020. Nationally, home prices increased 7.3% in October 2020, compared with October 2019, marking the fastest annual appreciation since April 2014. On a month-over-month basis, home prices increased by 1.1% compared to September 2020.

Home prices climbed in recent months due to heightened demand and ongoing home supply constraints. The supply shortage could further intensify as COVID-19 cases continue to rise and would-be sellers remain hesitant about putting their homes on the market. However, to keep up with the rising demand, new home construction surged in October and builder confidence reached a new high for the third consecutive month. The decreased pressure on supply could moderate home price growth over the next year. This is reflected in the CoreLogic HPI Forecast, which shows home prices slowing to 1.9% by October 2021. However, should the economic recovery from the pandemic be more robust, then we would expect projections for home price performance to improve.

“Home buyers have been spurred by record-low mortgage rates and an urgency to buy or upgrade to more space, especially as much of the American workforce continues to work from home,” said Frank Martell, president and CEO of CoreLogic. “First-time buyers in particular should remain a big part of next year’s home purchases, as the largest wave of millennials is heading into prime home-buying years.”

Despite the rapid acceleration of national home price growth, local markets continue to vary. For instance, in Phoenix, where there is a severe shortage of for-sale homes, prices increased 12.1% in October. Meanwhile, the New York-Jersey City-White Plains metro recorded only a small annual increase of 2.1%, as residents continue to seek out more space in less densely populated areas. At the state level, Maine, Idaho and Arizona experienced the strongest price growth in October, up 14.9%, 13.1% and 12%, respectively.

“The pandemic has shifted home buyer interest toward detached rather than attached homes,” said Dr. Frank Nothaft, chief economist at CoreLogic. “Detached homes offer more living space and are typically located in less densely populated neighborhoods. And while prices of single-family detached homes posted an annual increase of 7.9% in October, the price of attached homes rose only 4.5% year over year.”

The HPI Forecast also reveals the disparity in expected home price growth across metros. In markets like Las Vegas, where the local tourism economy and job market continue to struggle, home prices are expected to decline 1.8% by October 2021. Conversely, in San Diego, home prices are forecasted to increase 7.9% over the next 12 months as low inventory continues to push prices up.

The CoreLogic Market Risk Indicator (MRI), a monthly update of the overall health of housing markets across the country, predicts that metros such as Lake Charles, Louisiana, and Prescott, Arizona, are at the greatest risk (above 70%) of a decline in home prices over the next 12 months, while Miami, Las Vegas and Gulfport-Biloxi-Pascagoula, Mississippi, are at moderate risk (50%-70%) of a decrease.

The next CoreLogic HPI press release, featuring November 2020 data, will be issued on January 5 at 8:00 a.m. ET.

Methodology

The CoreLogic HPI™ is built on industry-leading public record, servicing and securities real-estate databases and incorporates more than 40 years of repeat-sales transactions for analyzing home price trends. Generally released on the first Tuesday of each month with an average five-week lag, the CoreLogic HPI is designed to provide an early indication of home price trends by market segment and for the “Single-Family Combined” tier, representing the most comprehensive set of properties, including all sales for single-family attached and single-family detached properties. The indices are fully revised with each release and employ techniques to signal turning points sooner. The CoreLogic HPI provides measures for multiple market segments, referred to as tiers, based on property type, price, time between sales, loan type (conforming vs. non-conforming) and distressed sales. Broad national coverage is available from the national level down to ZIP Code, including non-disclosure states.

CoreLogic HPI Forecasts™ are based on a two-stage, error-correction econometric model that combines the equilibrium home price—as a function of real disposable income per capita—with short-run fluctuations caused by market momentum, mean-reversion, and exogenous economic shocks like changes in the unemployment rate. With a 30-year forecast horizon, CoreLogic HPI Forecasts project CoreLogic HPI levels for two tiers — “Single-Family Combined” (both attached and detached) and “Single-Family Combined Excluding Distressed Sales.” As a companion to the CoreLogic HPI Forecasts, Stress-Testing Scenarios align with Comprehensive Capital Analysis and Review (CCAR) national scenarios to project five years of home prices under baseline, adverse and severely adverse scenarios at state, metropolitan areas and ZIP Code levels. The forecast accuracy represents a 95% statistical confidence interval with a +/- 2% margin of error for the index.

About Market Risk Indicator

Market Risk Indicators are a subscription-based analytics solution that provide monthly updates on the overall “health” of housing markets across the country. CoreLogic data scientists combine world-class analytics with detailed economic and housing data to help determine the likelihood of a housing bubble burst in 392 major metros and all 50 states. Market Risk Indicators is a multi-phase regression model that provides a probability score (from 1 to 100) on the likelihood of two scenarios per metro: a >10% price reduction and a ≤ 10% price reduction. The higher the score, the higher the risk of a price reduction.

About the Market Condition Indicators

As part of the CoreLogic HPI and HPI Forecasts offerings, Market Condition Indicators are available for all metropolitan areas and identify individual markets as “overvalued”, “at value”, or “undervalued.” These indicators are derived from the long-term fundamental values, which are a function of real disposable income per capita. Markets are labeled as overvalued if the current home price indexes exceed their long-term values by greater than 10%, and undervalued where the long-term values exceed the index levels by greater than 10%.

Source: CoreLogic

The data provided are for use only by the primary recipient or the primary recipient’s publication or broadcast. This data may not be resold, republished or licensed to any other source, including publications and sources owned by the primary recipient’s parent company without prior written permission from CoreLogic. Any CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from CoreLogic, a data and analytics company. For use with broadcast or web content, the citation must directly accompany first reference of the data. If the data are illustrated with maps, charts, graphs or other visual elements, the CoreLogic logo must be included on screen or website. For questions, analysis or interpretation of the data, contact Valerie Sheets at [email protected]. Data provided may not be modified without the prior written permission of CoreLogic. Do not use the data in any unlawful manner. The data are compiled from public records, contributory databases and proprietary analytics, and its accuracy is dependent upon these sources.

About CoreLogic

CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy and protect their homes. For more information, please visit www.corelogic.com.

CORELOGIC, the CoreLogic logo, CoreLogic HPI and CoreLogic HPI Forecast are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.

Valerie Sheets

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Professional Services Other Professional Services Technology Residential Building & Real Estate Software Construction & Property Internet

MEDIA:

Logo
Logo
Photo
Photo
CoreLogic HPI Percent Change by Home Type; October 2020 (Graphic: Business Wire)
Photo
Photo
CoreLogic National Home Price Change and Forecast; October 2020 (Graphic: Business Wire)
Photo
Photo
CoreLogic Single-Family Combined Home Price Change, MCI and Forecast by Select Metro Area; October 2020 (Graphic: Business Wire)
Photo
Photo
CoreLogic Top Markets at Risk of Home Price Decline; October 2020 (Graphic: Business Wire)
Posted on

Oak Street Health Announces the Upsize and Pricing of Secondary Offering

Oak Street Health Announces the Upsize and Pricing of Secondary Offering

CHICAGO–(BUSINESS WIRE)–
Oak Street Health, Inc. (“Oak Street”) (NYSE: OSH), a network of value-based primary care centers for adults on Medicare, today announced the pricing of its previously announced underwritten public offering of 5,632,430 shares of its common stock by certain selling stockholders at a public offering price of $46.00 per share. The offering was upsized from a previously announced offering size of 5,284,603 shares. Such selling stockholders also granted the underwriters a 30-day option to purchase up to an additional 844,863 shares of Oak Street’s common stock. Oak Street will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholders, and the selling stockholders will bear the costs associated with the sale of such shares, including underwriting discounts and commissions. The offering is expected to close on December 7, 2020, subject to customary closing conditions.

J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley, William Blair and Piper Sandler are acting as joint book running managers for the offering. Baird and Truist Securities are acting as co-managers for the offering.

A registration statement relating to the offering of common stock has been declared effective by the Securities and Exchange Commission. This offering is being made only by means of a prospectus. A copy of the final prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204 or email at [email protected]; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: [email protected]; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606; via telephone at (800) 621-0687 or via email: [email protected]; or Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone at (800) 747-3924 or via email at [email protected].

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Oak Street Health:

Founded in 2012, Oak Street Health is a network of value-based primary care centers for adults on Medicare. With a mission of rebuilding healthcare as it should be, the company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients.

Oak Street Health currently operates more than 70 centers across Illinois, Michigan, Ohio, Pennsylvania, Texas, Indiana, North Carolina, Rhode Island, Tennessee, New York and Mississippi.

Forward-Looking Statements

Certain of the statements made in this press release are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, such as those, among others, statements concerning the expected closing of the offering. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include, without limitation, risks and uncertainties related to the satisfaction of customary closing conditions related to the offering and the impact of general economic, industry or political conditions in the United States or internationally. There can be no assurance that Oak Street will be able to complete the offering on the anticipated terms, or at all. You should not place undue reliance on these forward-looking statements as predictions of future events, which statements apply only as of the date of this press release. Additional risks and uncertainties relating to the offering, Oak Street and its business can be found under the heading “Risk Factors” in Oak Street’s most recent most recent Quarterly Report on Form 10-Q and in the S-1 for this offering, filed with the Securities and Exchange Commission. Forward-looking statements represent Oak Street’s beliefs and assumptions only as of the date of this press release. Oak Street expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based, except as may be required under applicable law.

Source: Oak Street Health

Media:

Erica Frank

Vice President of Public Relations

(330) 990-5026

[email protected]

Investors:

Constantine Davides

Westwicke, an ICR Company

(339) 970-2846

[email protected]

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Health Consumer Hospitals Practice Management Seniors Managed Care General Health

MEDIA:

Logo
Logo
Posted on

dynaCERT Inc. to Webcast Live at VirtualInvestorConferences.com December 3rd 2020

Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com

PR Newswire

TORONTO, Dec. 2, 2020 /PRNewswire/ —  dynaCERT Inc. (Toronto Stock Exchange: DYA) (OTCQX:DYFSF), based in Toronto, Ontario, a company that manufactures and distributes carbon emission reduction technology for use with internal combustion engines, shown to reduce carbon monoxide emissions by up to 50%, nitrous oxide (N0x) by up to 88% alongside carbon dioxide savings and fuel savings of up to 19.2%, today announced that Jean-Pierre Colin, Executive Vice President & Director, will present live at VirtualInvestorConferences.com on December 3rd.  

DATE: December 3rd, 2020

TIME: 4:00 – 4:30 pm EST 

LINK:
https://bit.ly/33ggdsm

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.virtualinvestorconferences.com.

Recent company highlights include:

  • dynaCERT Launches into the FreightTech Industry
  • dynaCERT to Equip the City of Woodstock with Carbon Emission Reduction Technology
  • dynaCERT Granted Highest United Nations Smart Sustainable Company Rating Seal
  • dynaCERT launches a new HG2 design and model and first among units to be rolled off dynaCERT‘s newest improved assembly line, the first commercial production run of the new HG2 models.
  • dynaCERT graduated to the Toronto Stock Exchange and OTCQX.
  • The Company closed an upsized $8.3 million underwritten prospectus overnight marketed equity financing.


About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com.

About Virtual Investor Conferences
®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group’s suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/dynacert-inc-to-webcast-live-at-virtualinvestorconferencescom-december-3rd-2020-301185300.html

SOURCE VirtualInvestorConferences.com

Posted on

Kinnate Biopharma Announces Pricing of Initial Public Offering

SAN FRANCISCO and SAN DIEGO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Kinnate Biopharma Inc. (Nasdaq: KNTE) (“Kinnate”), a biopharmaceutical company focused on the discovery and development of small molecule kinase inhibitors for difficult-to-treat, genomically defined cancers, today announced the pricing of its initial public offering of 12,000,000 shares of its common stock at a price to the public of $20.00 per share. All of the shares of common stock are being offered by Kinnate. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Kinnate, are expected to be $240.0 million, excluding any exercise of the underwriters’ option to purchase additional shares. Kinnate’s common stock is expected to begin trading on the Nasdaq Global Select Market on December 3, 2020 under the symbol “KNTE”. The offering is expected to close on December 7, 2020, subject to the satisfaction of customary closing conditions. In addition, Kinnate has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of its common stock at the initial public offering price, less the underwriting discounts and commissions.

Goldman Sachs & Co. LLC, SVB Leerink LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering. Wedbush PacGrow is acting as lead manager for the offering.

Registration statements relating to the offering have been filed with the Securities and Exchange Commission and became effective on December 2, 2020. The offering is made only by means of a prospectus, copies of which may be obtained, when available, from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at [email protected]; SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, by telephone at (800) 808-7525, ext. 6132, or by email at [email protected]; or Piper Sandler & Co., 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, Attn: Prospectus Department, by telephone at (800) 747-3924, or by email at [email protected].

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

About 
Kinnate Biopharma
Inc.

Kinnate Biopharma is focused on the discovery and development of small molecule kinase inhibitors for difficult-to-treat, genomically defined cancers. Kinnate’s mission is to expand the reach of targeted therapeutics by developing products for underserved populations. Kinnate utilizes its deep expertise in structure-based drug discovery, translational research, and patient-driven precision medicine, which we refer to as the Kinnate Discovery Engine, to develop targeted therapies. Based in San Francisco and San Diego, California, the Kinnate team is composed of drug discovery experts supported by a distinguished group of scientific advisors.

For more information, please contact:

Investors:
[email protected] 

Media:
Colin Sanford
[email protected]



Posted on

Docebo Announces Pricing of Upsized Initial Public Offering in the United States and Public Offering in Canada

Docebo Announces Pricing of Upsized Initial Public Offering in the United States and Public Offering in Canada

TORONTO–(BUSINESS WIRE)–
Docebo Inc. (“Docebo” or the “Company”) (TSX:DCBO) today announced the pricing of its previously announced marketed public offering of 3,000,000 common shares at a price to the public of US$48.00 per share in the United States and Canada, for aggregate gross proceeds to Docebo of US$144,000,000. The size of the offering has been increased from the previously announced US$125,000,000.

The common shares of Docebo are expected to begin trading on The Nasdaq Global Select Market (the “Nasdaq”) under the symbol “DCBO” on December 3, 2020, and will continue to trade on the Toronto Stock Exchange (the “TSX”) under the symbol “DCBO”. The offering is expected to close on December 7, 2020, subject to customary closing conditions.

The offering is being conducted through a syndicate of underwriters led by Morgan Stanley, Goldman Sachs & Co. LLC and Canaccord Genuity, as joint lead book-running managers, and TD Securities Inc., CIBC Capital Markets, National Bank of Canada Financial Inc., Scotiabank, Cormark Securities Inc., Eight Capital and Laurentian Bank Securities Inc., as co-managers.

Docebo has also granted the underwriters an over-allotment option, exercisable for a period of 30 days from the date of the Underwriting Agreement, to purchase up to 450,000 additional common shares, representing in the aggregate 15% of the total number of common shares to be sold pursuant to the offering.

Docebo expects that the net proceeds of the offering will be used primarily to strengthen the Company’s financial position and allow it to pursue its growth strategies, which include: expanding its customer base; supporting the growth of existing customers; expanding its solutions; and other general corporate purposes.

In connection with the offering, Docebo has filed apreliminary prospectus supplement and will file a final prospectus supplement to its base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada. The preliminary prospectus supplement was also filed, and the final prospectus supplement will also be filed, with the U.S. Securities and Exchange Commission as part of a registration statement on Form F-10 under the U.S.-Canada multijurisdictional disclosure system (MJDS).

The public offering is being made in Canada only by means of the base shelf prospectus and applicable prospectus supplement and in the United States only by means of the registration statement, including the base shelf prospectus and applicable prospectus supplement. Such documents contain important information about the offering. Copies of the base shelf prospectus and the preliminary prospectus supplement can be found on SEDAR at www.sedar.com, and a copy of the registration statement can be found on EDGAR at www.sec.gov. Copies of the final prospectus supplement will be filed on SEDAR, and on EDGAR as part of an amended registration statement on Form F-10/A. Copies of such documents may also be obtained from any of the following sources: Morgan Stanley & Co. LLC, Attn: Prospectus Department – 180 Varick Street, 2nd Floor – New York, NY 10014; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526 or by e-mail at [email protected]; and Canaccord Genuity LLC, Attention: Syndicate Department, 99 High Street, 12th Floor, Boston MA 021990, by email at [email protected].

Prospective investors should read the base shelf prospectus and the prospectus supplement as well as the registration statement before making an investment decision.

No securities regulatory authority has either approved or disapproved the contents of this press release. 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 the common shares in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

Forward-Looking Statements

This news release may contain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, statements regarding the satisfaction of closing conditions relating to the offering and the anticipated use of proceeds from the offering.

This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation: risks related to the COVID-19 pandemic and its impact on Docebo, economic conditions, and global markets; the failure of Docebo and/or the underwriters to satisfy closing conditions to the offering; the failure of Docebo to satisfy certain Nasdaq and/or TSX listing requirements; the failure of Docebo to use any of the proceeds received from the offering in a manner consistent with current expectations; and other unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant and those factors discussed in greater detail under the “Risk Factors” section of the prospectus supplement dated December 1, 2020 and our Annual Information Form for the year ended December 31, 2019, each available under our profile on SEDAR at www.sedar.com, and should be considered carefully by prospective investors.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents our expectations as of the date specified herein, and are subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

About Docebo

Docebo is redefining the way enterprises learn by applying new technologies to the traditional corporate learning management system market. Docebo provides an easy-to-use, highly configurable learning platform with the end-to-end capabilities designed to make customers, partners, and employees love their learning experience.

Investor Relations

Dennis Fong

[email protected]

(416) 283-9930

KEYWORDS: United States North America Canada

INDUSTRY KEYWORDS: Education Software Technology Training

MEDIA:

Logo
Logo
Posted on

WeissLaw LLP Reminds DNKN, NAV, PNM, and FBM Shareholders About Its Ongoing Investigations

PR Newswire

NEW YORK, Dec. 2, 2020 /PRNewswire/ —


If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:


Joshua Rubin, Esq.

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

Dunkin’ Brands Group, Inc. (NASDAQ: DNKN)

URGENT – TENDER OFFER EXPIRES DECEMBER 14, 2020

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Dunkin’ Brands Group, Inc. (NASDAQ: DNKN) in connection with the proposed acquisition of the company by Inspire Brands, Inc.  Under the terms of the acquisition agreement, which is structured as a tender offer, DNKN shareholders will receive $106.50 in cash for each share of DNKN common stock that they own.  If you own DNKN shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:  https://weisslawllp.com/dnkn/ 

Navistar International Corporation (NYSE: NAV)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Navistar International Corporation (NYSE: NAV) in connection with the proposed acquisition of the company by TRATON SE (“TRATON”).  Under the terms of the acquisition agreement, TRATON, which already controls 16.7% of NAV common stock, will acquire all outstanding shares of NAV that it does not already own, and NAV shareholders will receive $44.50 in cash for each share of NAV that they hold.  If you own NAV shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/NAV/ 

PNM Resources, Inc. (NYSE: PNM)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of PNM Resources, Inc. (NYSE: PNM) in connection with the proposed acquisition of the company by Avangrid, Inc.  Under the terms of the acquisition agreement, PNM shareholders will receive $50.30 in cash for each share of PNM common stock that they own.  If you own PNM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/pnm/  

Foundation Building Materials, Inc. (NYSE: FBM)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Foundation Building Materials, Inc. (NYSE: FBM) in connection with the proposed acquisition of the company by American Securities LLC.  Under the terms of the merger agreement, FBM shareholders will receive only $19.25 in cash for each share of FBM common stock that they own.  If you own FBM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:https://weisslawllp.com/fbm/

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/weisslaw-llp-reminds-dnkn-nav-pnm-and-fbm-shareholders-about-its-ongoing-investigations-301185242.html

SOURCE WeissLaw LLP

Posted on

SHAREHOLDER ALERT: WeissLaw LLP Reminds BMCH, RESI, SFBK, and ACAM Shareholders About Its Ongoing Investigations

PR Newswire

 

NEW YORK, Dec. 2, 2020 /PRNewswire/ —


If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:


Joshua Rubin, Esq.

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

BMC Stock Holdings, Inc. (NYSE: BMCH)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BMC Stock Holdings, Inc. (NYSE: BMCH) in connection with the proposed acquisition of the company by Builders FirstSource, Inc. (NASDAQ: BLDR).  Under the terms of the merger agreement, BMCH stockholders will receive 1.3125 BLDR shares for each share of BMCH common stock they own, representing implied per-share merger consideration of $47.16 based upon BLDR’s December 1, 2020 closing price of $35.93.  If you own BMCH shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/bmc-stock-holdings-inc/ 

Front Yard Residential Corporation (NYSE: RESI)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Front Yard Residential Corporation (NYSE: RESI) in connection with the proposed acquisition of the company by a partnership led by Pretium Partners, LLC and Ares Management Corporation.  Under the terms of the merger agreement, RESI shareholders will receive $16.25 per share in cash.  If you own RESI shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/resi/   

SFB Bancorp, Inc. (OTC: SFBK)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of SFB Bancorp, Inc. (OTC: SFBK) in connection with the proposed acquisition of SFBK by Community First Bancorporation.  Under the terms of the merger agreement, SFBK shareholders will receive $33.00 in cash for each SFBK share that they own.  If you own SFBK shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/sfbk/   

Acamar Partners Acquisition Corp. (NASDAQ: ACAM)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Acamar Partners Acquisition Corp. (NASDAQ: ACAM) in connection with the company’s proposed merger with privately-held CarLotz, Inc. (“CarLotz”).  Under the terms of the agreement, ACAM will acquire CarLotz through a reverse merger that will result in CarLotz becoming a public company.  If you own ACAM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslawllp.com/acam/ 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-reminds-bmch-resi-sfbk-and-acam-shareholders-about-its-ongoing-investigations-301185238.html

SOURCE WeissLaw LLP

Posted on

XP Inc. Announces Pricing of Public Follow-On Offering

SÃO PAULO, Brazil, Dec. 02, 2020 (GLOBE NEWSWIRE) — XP Inc., or XP (Nasdaq: XP) announced today the pricing of an underwritten public offering of 31,654,894 Class A common shares, 7,130,435 of which are being offered by the Company and 24,524,459 of which are being offered by ITB Holding Brasil Participações Ltda. at a public offering price of US$39.00 per share. The offering is being made pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”).  

The offering is expected to close on or about December 7, 2020, subject to customary closing conditions.

In connection with the offering, XP and the selling shareholder have granted the underwriters the option to purchase up to 4,135,122 additional Class A common shares at the public offering price less the underwriting discount.

XP Investimentos, Itaú BBA, Morgan Stanley and J.P. Morgan are acting as Global Coordinators and Joint Bookrunners of this offering.

The offering is being made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from: XP Investimentos, Tower 45, 55 West 46th Street, 30th Floor, New York, New York 10036; Itaú BBA, 540 Madison Avenue 24th Floor, New York, New York 10022, Attention: Equity Sales Desk, telephone: 1-212-710-6756 or by emailing [email protected]; Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or J.P. Morgan, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204.

A registration statement on Form F-1 relating to these securities has been filed with, and declared effective by, the SEC. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. 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.

About
XP

XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional financial institutions by:

  • Educating new classes of investors;
  • Democratizing access to a wider range of financial services;
  • Developing new financial products and technology applications to empower clients; and
  • Providing high-quality customer service and client experience in the industry in Brazil.

XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 750 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “aim,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc.’s control.

XP Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change in external forces, among other factors.

For any questions, please contact:

Carlos Lazar, Head of Investor Relations 
André Martins, Investor Relations Specialist 
Natali Pimenta, Investor Relations Analyst		 Investor Contact:
[email protected]



IR Website:
investors.xpinc.com