Letter

After Decades of Service and $40 Million in Donations, Gamble Family Resigns from Pathfinder Board and Halts Financial Donations

Monday, September 27, 2021 - 7:58pm

They also announced their family would end their decades of financial support to Pathfinder.

Key Points: 
  • They also announced their family would end their decades of financial support to Pathfinder.
  • "Every time we asked for evaluations of the Pathfinder CEO, the board chair was unwilling to share that information."
  • Sister and brother Julia "Judy" Kahrl and Walter Gamble notified Pathfinder board members and its CEO by email this morning of their immediate resignations.
  • Pathfinder was founded in 1957 by the siblings' father, Clarence Gamble, an heir to the Procter & Gamble Company fortune.

National Press Club awards Chloë Clark with the inaugural Wes Vernon Broadcast Scholarship

Monday, September 27, 2021 - 6:00pm

WASHINGTON, Sept. 27, 2021 /PRNewswire/ -- The National Press Club, the world's leading professional organization for journalists, has chosen Chlo Clark of Seal Beach, Calif., as the winner of its inaugural Wes Vernon Broadcast Scholarship.

Key Points: 
  • WASHINGTON, Sept. 27, 2021 /PRNewswire/ -- The National Press Club, the world's leading professional organization for journalists, has chosen Chlo Clark of Seal Beach, Calif., as the winner of its inaugural Wes Vernon Broadcast Scholarship.
  • The Wes Vernon Broadcast Scholarship, started this year by Mr. Vernon's family, provides $5,000 annually to a student who demonstrates a commitment to a career in broadcast journalism.
  • The National Press Club's Journalism Awards celebrate the best in American broadcast and print journalism.
  • Scholarship winners and runners-up are also awarded one-year complimentary membership to the National Press Club.

National Press Club awards Kaleb Anderson the 2021 Julie Schoo Scholarship for Diversity in Journalism

Monday, September 27, 2021 - 6:00pm

WASHINGTON, Sept. 27, 2021 /PRNewswire/ --The National Press Club, the world's leading professional organization for journalists, has chosenKaleb Anderson of Washington, D.C., as the winner of its 2021 Diversity Scholarship Award.

Key Points: 
  • WASHINGTON, Sept. 27, 2021 /PRNewswire/ --The National Press Club, the world's leading professional organization for journalists, has chosenKaleb Anderson of Washington, D.C., as the winner of its 2021 Diversity Scholarship Award.
  • The National Press Club's Journalism Awards celebrate the best in American broadcast and print journalism.
  • Scholarship winners and runners-up are also awarded one-year complimentary membership to the National Press Club.
  • Beth Francesco for the National Press Club Journalism Institute; bfrancesco@press.org
    View original content to download multimedia: https://www.prnewswire.com/news-releases/national-press-club-awards-kale...

Cannabis use by pregnant women increased during pandemic

Monday, September 27, 2021 - 4:00pm

The study found that in the year before the pandemic, 6.75% of pregnant women were using cannabis in early pregnancy, and during the pandemic that rate rose to 8.14% of pregnant women.

Key Points: 
  • The study found that in the year before the pandemic, 6.75% of pregnant women were using cannabis in early pregnancy, and during the pandemic that rate rose to 8.14% of pregnant women.
  • The study did not determine why more pregnant women might be using cannabis.
  • "Our previous research has shown that the prevalence and frequency of prenatal cannabis use is increasing over time and that pregnant women are more likely to use cannabis if they are depressed, anxious, or have experienced trauma.
  • "The stay-at-home mandates, concerns about getting COVID-19, economic challenges, increased child care burden, and other difficult aspects of the pandemic could contribute to pregnant women feeling more stressed and depressed during this time," Young-Wolff added.

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against PolarityTE, Inc. (PTE)

Monday, September 27, 2021 - 3:45pm

The FDA provided feedback that certain Chemistry, Manufacturing, and Control items need to be addressed prior to proceeding with a pivotal study.

Key Points: 
  • The FDA provided feedback that certain Chemistry, Manufacturing, and Control items need to be addressed prior to proceeding with a pivotal study.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
  • If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq.
  • of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com .

HXPN, Inc. Announces Commitment to Raise $500 Million of Debt Capital

Monday, September 27, 2021 - 2:00pm

The parties currently expect for the capital raise to be complete and fully funded by December 31, 2021, subject to OPUS due diligence regarding HXPN and its planned investments.

Key Points: 
  • The parties currently expect for the capital raise to be complete and fully funded by December 31, 2021, subject to OPUS due diligence regarding HXPN and its planned investments.
  • We are very excited to have this major hurdle cleared in finding the right partner to assist HXPN with its capital needs, said Steve Bailey, President and CEO of HXPN.
  • OPUS understands what we are doing and they see the value associated with our investment plans.
  • The HXPN team has helped to make this capital raise of value not only to HXPN, but also to the clients of OPUS.

StoneMor Inc. Announces Receipt of Letter Inviting Discussions Regarding Strategic Alternatives

Monday, September 27, 2021 - 1:45pm

Axar has engaged Schulte Roth & Zabel LLP as its legal advisor and stated in the Letter that it would engage a financial advisor at the appropriate time.

Key Points: 
  • Axar has engaged Schulte Roth & Zabel LLP as its legal advisor and stated in the Letter that it would engage a financial advisor at the appropriate time.
  • According to the Letter, Axar expects that any such discussions would be conducted with a special committee of the Board, assisted by financial and legal advisors it engages.
  • The Conflicts Committee intends to retain independent legal and financial advisors to assist in such discussions.
  • Certain statements contained in this press release, including, but not limited to, information regarding actions of the Conflicts Committee, are forward-looking statements.

Stockholder Group Mails Proxy Statement and BLUE Proxy Card in Connection with Evercel Inc.’s 2021 Annual Meeting of Stockholders

Monday, September 27, 2021 - 1:00pm

NEW YORK, Sept. 27, 2021 (GLOBE NEWSWIRE) -- James D. Gerson and Richard A. Krantz (collectively, the “Stockholder Group” or “we”), the collective owners of approximately 12.0% of the outstanding voting stock of the Company, today announced that it has mailed a proxy statement and BLUE proxy card to solicit votes in favor of its three business proposals seeking to amend Evercel’s Bylaws in order to allow stockholders to expand the size of the Board of Directors (the “Board’) and fill the resulting vacancies with its slate of three highly-qualified directors – Daniel Lewis, Richard Lewisohn III and Alan Mitrani (the “Nominees”) – at the Company’s annual meeting of stockholders scheduled to be held virtually at 10:00 a.m. Eastern Time on Thursday, October 7, 2021 (the “Annual Meeting”).

Key Points: 
  • The Stockholder Group notes that the Companys 2021 financial statements are still not available, despite the year ending almost 6 months ago.
  • The Stockholder Group has concerns with the level of compensation paid to the Companys CEO, Daniel Allen, despite the Companys underperformance.
  • The Stockholder Group believes this announcement was a direct reaction to our proxy statement and proposals, and is intended to distract stockholders from the Companys longstanding lack of performance.
  • Please follow the instructions located on your BLUE proxy card and/or BLUE voting instruction form.

Countable: A New Online Engagement Automation Platform for Accountants Released in Canada

Monday, September 27, 2021 - 1:00pm

Introducing the new release of Countable, an online platform for small to mid-sized accounting firms to help streamline their practice.

Key Points: 
  • Introducing the new release of Countable, an online platform for small to mid-sized accounting firms to help streamline their practice.
  • Countable uses automation to take the menial tasks out of engagement work, and allows teams and clients to collaborate, communicate and offer feedback in real time.
  • Countable was built out of an urgent need for better, more nimble technology to help accountants keep up with the future.
  • CPA, Atin Gupta came up with the idea for Countable when he was working as a partner at a firm in Toronto, Canada.

Hannon Armstrong Announces $100 Million CarbonCount® Green Commercial Paper Note Program

Monday, September 27, 2021 - 12:01pm

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (Hannon Armstrong, or the Company) (NYSE: HASI), a leading investor in climate solutions, today announced the establishment of a $100 million CarbonCount Green Commercial Paper Note Program (the CarbonCount Green CP Program), marking the launch of the first fully Green Commercial Paper program in the United States.

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. (Hannon Armstrong, or the Company) (NYSE: HASI), a leading investor in climate solutions, today announced the establishment of a $100 million CarbonCount Green Commercial Paper Note Program (the CarbonCount Green CP Program), marking the launch of the first fully Green Commercial Paper program in the United States.
  • Amounts available under the CarbonCount Green CP Program may be borrowed, repaid and re-borrowed from time to time, with the maximum aggregate face or principal amount of CarbonCount Green Commercial Paper Notes outstanding at any one time not exceeding $100 million.
  • The CarbonCount Green Commercial Paper Notes will be sold on terms that are customary for the United States commercial paper market and will be at least equal in right of payment with all of Hannon Armstrongs other unsecured and unsubordinated indebtedness.
  • Payment of the CarbonCount Green Commercial Paper Notes will be supported by a direct-pay letter of credit issued by Bank of America, N.A.