Business law

Columbia Financial, Inc. Announces the Appointment of Daria Torres to its Board of Directors

Retrieved on: 
Thursday, July 29, 2021
Articles, Business, Board of directors, Business law, Committees, Corporate law, McKinsey & Company, Non-executive director, Columbia University

Ms. Torres appointment brings the Company's total number of directors to ten, nine of whom are independent non-executive directors.

Key Points: 
  • Ms. Torres appointment brings the Company's total number of directors to ten, nine of whom are independent non-executive directors.
  • Ms. Torres has more than 20 years of experience as a strategy consultant and advisor to CEOs, boards and executive teams.
  • Prior to founding Walls Torres Group, Ms. Torres served as a McKinsey & Company engagement manager and Lockheed Martin systems engineer.
  • Said Thomas J. Kemly, President and CEO of Columbia Financial and Columbia Bank, We are thrilled to welcome Ms. Torres to the Boards of Directors of Columbia Financial and Columbia Bank.

Prospect Capital Funds $202 Million in Senior Secured Floating Rate Term Loans to Progrexion  

Retrieved on: 
Thursday, July 29, 2021
Money, Finance, Loans, Economy, Property law, Bankruptcy, Business law, Credit, Lien, Second lien loan, H.I.G. Capital

NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (Prospect) announced today that Prospect has funded total commitments of $202 million,comprised of a$49 million first lien senior secured floating rate term loan and a$153 million second lien senior secured floating rate term loan to support the refinancing of PGX Holdings, Inc. (Progrexion) a portfolio company of H.I.G.

Key Points: 
  • NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (Prospect) announced today that Prospect has funded total commitments of $202 million,comprised of a$49 million first lien senior secured floating rate term loan and a$153 million second lien senior secured floating rate term loan to support the refinancing of PGX Holdings, Inc. (Progrexion) a portfolio company of H.I.G.
  • This transaction marks the 12th financing for Progrexion since H.I.G.s acquisition in 2010," said Elliot Maluth, Managing Director of H.I.G.
  • Prospect Capital Corporation ( www.prospectcap.com ) is a business development company that focuses on lending to and investing in private businesses.
  • Prospect has elected to be treated as a business development company under the Investment Company Act of 1940 (1940 Act).

Virpax® Pharmaceuticals Strengthens Board of Directors with the Appointment of Gerald W. Bruce and Michael F. Dubin, CPA to its Board

Retrieved on: 
Friday, July 30, 2021
Health, Infectious diseases, Other Science, Research, Science, Pharmaceutical, Biotechnology, Articles, Board of directors, Business law, Committees, Corporate law, Business, Gerald W. Bruce, Michael F. Dubin, CPA, Virpax Pharmaceuticals, GERALD W. BRUCE, MICHAEL F. DUBIN, CPA, VIRPAX PHARMACEUTICALS

Virpax Pharmaceuticals Inc. ("Virpax" or the "Company") (NASDAQ: VRPX), a company specializing in developing pharmaceutical product candidates for pain management, today announced the appointment of Gerald W. Bruce and Michael F. Dubin, CPA to its Board of Directors.

Key Points: 
  • Virpax Pharmaceuticals Inc. ("Virpax" or the "Company") (NASDAQ: VRPX), a company specializing in developing pharmaceutical product candidates for pain management, today announced the appointment of Gerald W. Bruce and Michael F. Dubin, CPA to its Board of Directors.
  • I am pleased that we are adding two such highly knowledgeable professionals to our Board of Directors.
  • Each of them has valuable experience and we look forward to their contributions, commented Virpax Chairman and Chief Executive Officer Anthony P. Mack.
  • He currently serves as Chairman of the Board of Trustees for Lincoln University and serves on the executive committee of the Board at the National Sales Network.

Association of Corporate Counsel Names UnitedLex a 2021 Value Champion

Retrieved on: 
Thursday, July 29, 2021
Professional services, Data management, Other Professional Services, Technology, Legal, Other Technology, Consulting, Articles, Employment, Labor, Legal professions, Business law, Association of Corporate Counsel, General counsel, Lawyer, Corporation

UnitedLex , a leading technology and legal services company, has been recognized as a 2021 Association of Corporate Counsel Value Champion.

Key Points: 
  • UnitedLex , a leading technology and legal services company, has been recognized as a 2021 Association of Corporate Counsel Value Champion.
  • Data is essential to business value, collaboration, and team performance within DXC Legal, which is comprised of dedicated UnitedLex professionals as part of an innovative model.
  • Since 2012, the ACC Value Champions program highlights corporate law departments that innovate to optimize legal service delivery for corporations.
  • "We are delighted to be share this prestigious honor and stand alongside UnitedLex and the many distinguished companies that were recognized by the Association of Corporate Counsel," said Bill Deckelman, Executive Vice President and General Counsel, DXC.

Comtech Telecommunications Corp. Awarded Multi-Million Dollar Order for New Ground Station Development Contract

Retrieved on: 
Thursday, July 29, 2021
Semiconductor, Aerospace, Security, Manufacturing, Satellite, Audio, Video, Transport, Other Technology, Telecommunications, Software, Networks, Internet, Hardware, Electronic design automation, Logistics, Supply chain management, VoIP, Technology, Mobile, Wireless, Business law, Product management, Turnkey

We are pleased that our long-term customer continues to rely on Comtech for yet another ground station development contract, said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

Key Points: 
  • We are pleased that our long-term customer continues to rely on Comtech for yet another ground station development contract, said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.
  • The contract was awarded to Comtechs Space and Component Technology (SCT) division, which specializes in providing ground station services in the form of turnkey site development, infrastructure, operations and maintenance of several range tracking stations in the South Pacific.
  • Using the concepts of product families and platform-based product development to increase variety, shorten lead-times and reduce costs without compromising system performance, SCT provides turnkey ground station solutions for both launch vehicle and satellite tracking.
  • Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication technologies to commercial and government customers around the world.

MaxCyte Announces Pricing of Upsized Offering and Approval to List on the Nasdaq Global Select Market

Retrieved on: 
Friday, July 30, 2021
Articles, Business law, Board of directors, Committees, Corporate law

GAITHERSBURG, Md., July 30, 2021 /PRNewswire/ -- MaxCyte, Inc., (LSE: MXCT, MXCN), a leading provider of cell-engineering platform technologies, today announced the pricing of its upsized offering of 13,500,000 shares of common stock at an initial offering price of US$13.00 per share (the "Offering").

Key Points: 
  • The closing of the Offering is expected to occur on August 3, 2021, subject to customary closing conditions.
  • Cowen, Stifel and William Blair are acting as joint book-running managers for the Offering and as representatives of the underwriters for the Offering.
  • In connection with the Offering, MaxCyte has adopted amended and restated Bylaws (the "Bylaws"), which will take effect immediately before the closing of the Offering.
  • A copy of the Bylaws will be publicly filed and made available to both Nasdaq and AIM shareholders upon closing of the Offering.

MaxCyte Announces Pricing of Upsized Offering and Approval to List on the Nasdaq Global Select Market

Retrieved on: 
Friday, July 30, 2021
Articles, Business law, Board of directors, Committees, Corporate law

The closing of the Offering is expected to occur on August 3, 2021, subject to customary closing conditions.

Key Points: 
  • The closing of the Offering is expected to occur on August 3, 2021, subject to customary closing conditions.
  • Cowen, Stifel and William Blair are acting as joint book-running managers for the Offering and as representatives of the underwriters for the Offering.
  • In connection with the Offering, MaxCyte has adopted amended and restated Bylaws (the "Bylaws"), which will take effect immediately before the closing of the Offering.
  • A copy of the Bylaws will be publicly filed and made available to both Nasdaq and AIM shareholders upon closing of the Offering.

TrustBIX Inc. Announces Results of Its Annual General and Special Meeting of Shareholders

Retrieved on: 
Wednesday, July 28, 2021
Articles, Corporate law, Board of directors, Business law, Committees, Edmonton

Edmonton, Alberta--(Newsfile Corp. - July 28, 2021) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that the Company held its Annual General and Special Meeting (the "Meeting") via webcast on July 28, 2021.

Key Points: 
  • Edmonton, Alberta--(Newsfile Corp. - July 28, 2021) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that the Company held its Annual General and Special Meeting (the "Meeting") via webcast on July 28, 2021.
  • All matters to be acted upon, as set out in the Company's Notice of Meeting and Management Information Circular dated June 23, 2021, were approved by shareholders at the Meeting.
  • The directors and management of TrustBIX thank all shareholders for their participation in the Meeting and for their continuing support.
  • TrustBIX Inc.'s focus is to create a world where we trust more, waste less and reward sustainable behaviour.

ITA - Italia Trasporto Aereo Shareholders’ Meeting Approves Capital Increase of € 700 Million

Retrieved on: 
Wednesday, July 28, 2021
Articles, Corporate law, Business law, Board of directors, Committees, US Airways, Business, Airlines

ROME, July 28, 2021 (GLOBE NEWSWIRE) -- The Shareholders' Meeting of ITA, which met today, approved a capital increase of 700 million,as proposed by the Board of Directors of the company.

Key Points: 
  • ROME, July 28, 2021 (GLOBE NEWSWIRE) -- The Shareholders' Meeting of ITA, which met today, approved a capital increase of 700 million,as proposed by the Board of Directors of the company.
  • Today's resolution follows the approval, by the Board of Directors onJuly 15th, of the 2021-2025 Business Plan lines and the completion of the ongoing approval process by the European Commission on the basis of the "Comfort Letter" issued by the Commission on the sameJuly 15th.
  • The Chairman of ITA, Alfredo Altavilla, said: Today is another important milestone in the process that will see the start of operations of the new airline onOctober 15th.
  • Withthe just approved capital increase, the public shareholder confirms the solidity of the project from a private investor's point of view.

Northpath Investments Acquires a 63,200-Square-Foot Light Industrial and R&D Building in Edison, New Jersey

Retrieved on: 
Wednesday, July 28, 2021
Articles, Landlord–tenant law, Business, Business law, Contract law, Lease, Property law, Thomas Edison, Law

EDISON, N.J., July 28, 2021 (GLOBE NEWSWIRE) -- Northpath Investments, (Northpath), recently acquired a fully leased 63,200-square-foot Light Industrial and R&D building leased to a single tenant at 3920 Park Avenue in Edison, New Jersey for $11 million.

Key Points: 
  • EDISON, N.J., July 28, 2021 (GLOBE NEWSWIRE) -- Northpath Investments, (Northpath), recently acquired a fully leased 63,200-square-foot Light Industrial and R&D building leased to a single tenant at 3920 Park Avenue in Edison, New Jersey for $11 million.
  • Michael Klein & Max Custer of JLL represented Northpath in arranging a five-year, fixed-rate loan with Signature Bank for $7.2M.
  • EOS has been a tenant at the building since 2016 and has made considerable financial commitments to the facility including various system upgrades.
  • Northpath focuses on markets within the Northeast and Mid-Atlantic, targeting areas with attractive population density and income levels.