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Saks Upsizes Existing Financing to Support Continued Growth

Retrieved on: 
Wednesday, August 17, 2022 - 10:30pm

Saks.com LLC (Saks), the premier luxury ecommerce platform, announced that it has upsized its existing asset-based revolving credit facility arranged by Bank of America, N.A.

Key Points: 
  • Saks.com LLC (Saks), the premier luxury ecommerce platform, announced that it has upsized its existing asset-based revolving credit facility arranged by Bank of America, N.A.
  • Concurrently, Saks upsized its senior secured term loan facility, of which Pathlight Capital LP serves as the administrative agent, increasing borrowings from $115 million to $175 million.
  • Vince Phelan, Chief Financial Officer of Saks, said, The additional capital provided under these facilities significantly enhances our financial flexibility and ability to support future growth initiatives.
  • We believe that securing this additional financing reflects confidence in our strong foundation and positive momentum as we position Saks to lead in luxury ecommerce.

NYSE to Suspend Trading in Eros Media World Plc (EMWP) and Commence Delisting Proceedings

Retrieved on: 
Wednesday, August 17, 2022 - 9:40pm

The New York Stock Exchange (NYSE) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the A Ordinary Shares of Eros Media World Plc (the Company) ticker symbol EMWP from the NYSE.

Key Points: 
  • The New York Stock Exchange (NYSE) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the A Ordinary Shares of Eros Media World Plc (the Company) ticker symbol EMWP from the NYSE.
  • Trading in the Companys A Ordinary Shares will be suspended immediately.
  • The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange.
  • The NYSE will apply to the Securities and Exchange Commission to delist the A Ordinary Shares upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staffs decision.

EQUITY ALERT: Rosen Law Firm Encourages Sinovac Biotech Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action Against 1Globe Capital LLC and Certain of its Officers – SVA

Retrieved on: 
Wednesday, August 17, 2022 - 9:28pm

WHAT TO DO NEXT: To join the Sinovac class action, go to https://rosenlegal.com/submit-form/?case_id=8179 or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the Sinovac class action, go to https://rosenlegal.com/submit-form/?case_id=8179 or call Phillip Kim, Esq.
  • WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

NRG Energy and Smart Energy Decisions Publish 2022 State of Decarbonization Study

Retrieved on: 
Wednesday, August 17, 2022 - 9:37pm

NRG Energy, Inc., in collaboration with Smart Energy Decisions, today published new research that shows reputational risk and cost reduction as top motivators for organizations when considering decarbonization solutions.

Key Points: 
  • NRG Energy, Inc., in collaboration with Smart Energy Decisions, today published new research that shows reputational risk and cost reduction as top motivators for organizations when considering decarbonization solutions.
  • The 2022 State of Decarbonization Study provides insight into the many factors that influence businesses as they look to pursue net-zero.
  • Smart Energy Decisions is the leading information and research platform serving large electric power users.
  • We produce news, analysis, research and events designed to help our community make smart energy decisions.

Congresswoman Flores Tours Apartments Slated for $16.5M Reconstruction

Retrieved on: 
Wednesday, August 17, 2022 - 9:38pm

Today, Congresswoman Mayra Flores, R-TX, toured a more than 40-year-old Weslaco, Texas, apartment complex that will be torn down and reconstructed into a new $16.5 million affordable housing complex.

Key Points: 
  • Today, Congresswoman Mayra Flores, R-TX, toured a more than 40-year-old Weslaco, Texas, apartment complex that will be torn down and reconstructed into a new $16.5 million affordable housing complex.
  • Housing is a key pillar for family stability and well-being, and projects like the one happening right here in Weslaco, show that public-private partnerships work, said Congresswoman Flores.
  • Prospera provides affordable housing and related services in three regions of the state: the Rio Grande Valley, Corpus Christi and San Antonio.
  • Special thanks to Congresswoman Flores for her presence here today and her support of affordable housing in the District.

QuidelOrtho Announces $300 Million Share Repurchase Authorization

Retrieved on: 
Wednesday, August 17, 2022 - 9:30pm

It also demonstrates our commitment to strategically return capital to shareholders, while investing in the long-term growth of the business.

Key Points: 
  • It also demonstrates our commitment to strategically return capital to shareholders, while investing in the long-term growth of the business.
  • The share repurchase authorization permits QuidelOrtho to repurchase, on a discretionary basis, up to $300 million of its outstanding shares of common stock in the open market or in privately negotiated transactions, subject to market conditions and other factors.
  • This share repurchase authorization does not obligate QuidelOrtho to repurchase any specific number of shares and may be suspended, modified, or terminated at any time without prior notice.
  • All forward-looking statements are based on information currently available to QuidelOrtho and speak only as of the date hereof.

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Co-Diagnostics, Inc. (CODX)

Retrieved on: 
Wednesday, August 17, 2022 - 9:20pm

The Class: Shareholder rights law firm Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased Co-Diagnostics, Inc. (NASDAQ: CODX) securities between May 12, 2022 and August 11, 2022, for violations of the Securities Exchange Act of 1934.

Key Points: 
  • The Class: Shareholder rights law firm Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased Co-Diagnostics, Inc. (NASDAQ: CODX) securities between May 12, 2022 and August 11, 2022, for violations of the Securities Exchange Act of 1934.
  • Co-Dx has sold its Logix Smart COVID-19 test to such CLIA labs since that time.
  • During the class period, defendants touted the Logix Smart COVID-19 Test, reassuring investors about the demand for the product.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

North American Helium Successfully Brings Third Helium Facility into Production

Retrieved on: 
Wednesday, August 17, 2022 - 9:28pm

North American Helium Inc. (NAH or the Company) today announced it has successfully brought its third helium purification facility on production in May with zero operational issues.

Key Points: 
  • North American Helium Inc. (NAH or the Company) today announced it has successfully brought its third helium purification facility on production in May with zero operational issues.
  • North American Helium continues to increase its level of investment in Saskatchewan as we advance exploration and development projects slated for 2023.
  • Our company remains committed to being a trusted partner for the supply of reliable, sustainably produced helium in North America.
  • NAH owns and operates multiple helium purification facilities including Canadas largest facility (Battle Creek), providing reliable, long-term North American supply of this scarce resource to meet growing demand.

American Financial Group, Inc. Increases Annual Common Stock Dividend by 12.5%; Seventeenth Consecutive Year of Dividend Increases

Retrieved on: 
Wednesday, August 17, 2022 - 9:30pm

American Financial Group, Inc. (NYSE: AFG) announced that its Board of Directors has approved an increase in the Companys regular annual dividend to $2.52 from $2.24 per share of common stock.

Key Points: 
  • American Financial Group, Inc. (NYSE: AFG) announced that its Board of Directors has approved an increase in the Companys regular annual dividend to $2.52 from $2.24 per share of common stock.
  • The increased dividend, when declared, will be paid on a quarterly basis of $0.63 per share of common stock beginning in October 2022.
  • The new dividend rate represents a 12.5% increase over the annual rate paid thus far in 2022.
  • This increase in AFGs annual dividend reflects our confidence in the Companys financial condition, liquidity, and prospects for long-term growth.

Lindsay Corporation to Present at the Midwest IDEAS Conference

Retrieved on: 
Wednesday, August 17, 2022 - 9:30pm

Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology.

Key Points: 
  • Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology.
  • The mission of the IDEAS Conferences is to provide independent regional venues for quality companies to present their investment merits to an influential audience of investment professionals.
  • The IDEAS Investor Conferences are held annually in Boston, Chicago and Dallas and are produced by Three Part Advisors, LLC.
  • If interested in participating or learning more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or lwesley@threepa.com .