Financial economics

Adamas Pharmaceuticals Announces Pricing of Follow-on Public Offering

Thursday, February 25, 2021 - 2:16am

Adamas Pharmaceuticals, Inc. (Nasdaq: ADMS), a company dedicated to developing and delivering medicines that make a meaningful difference to people affected by neurological diseases, today announced the pricing of its underwritten public offering of 12,500,000 shares of its common stock at a price to the public of $4.40 per share.

Key Points: 
  • Adamas Pharmaceuticals, Inc. (Nasdaq: ADMS), a company dedicated to developing and delivering medicines that make a meaningful difference to people affected by neurological diseases, today announced the pricing of its underwritten public offering of 12,500,000 shares of its common stock at a price to the public of $4.40 per share.
  • All of the shares in the offering are being sold by Adamas.
  • The gross proceeds of the offering to Adamas, before deducting underwriting discounts and commissions and other offering expenses, are expected to be $55.0 million, excluding any exercise of the underwriters option.
  • Adamas has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of its common stock offered in the public offering.

Timberland Bancorp, Inc. Announces New Stock Repurchase Program

Thursday, February 25, 2021 - 2:00am

HOQUIAM, Wash., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (Timberland or the Company), the holding company for Timberland Bank (the Bank) announced today that its Board of Directors has adopted a new stock repurchase program.

Key Points: 
  • HOQUIAM, Wash., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (Timberland or the Company), the holding company for Timberland Bank (the Bank) announced today that its Board of Directors has adopted a new stock repurchase program.
  • Under the repurchase program, the Company may repurchase up to 5% of the Companys outstanding shares, or 415,970 shares.
  • The new stock repurchase program replaces the existing stock repurchase program, which had 141,952 shares available to be repurchased.
  • The repurchase program does not obligate the Company to purchase any particular number of shares.

theScore Announces Pricing of Upsized Initial Public Offering in the United States

Thursday, February 25, 2021 - 1:00am

Score Media and Gaming Inc. (theScore or the Company) (TSX: SCR) today announced the pricing of its previously-announced marketed public offering of the Companys Class A Subordinate Voting Shares (Class A Shares) in the United States and Canada.

Key Points: 
  • Score Media and Gaming Inc. (theScore or the Company) (TSX: SCR) today announced the pricing of its previously-announced marketed public offering of the Companys Class A Subordinate Voting Shares (Class A Shares) in the United States and Canada.
  • The size of the offering has been increased from the previously announced 5,000,000 Class A Shares.
  • The offering is expected to close on March 1, 2021, subject to customary closing conditions.
  • In connection with the offering, theScore filed a preliminary prospectus supplement to its base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Qubec.

LEIDOS HOLDINGS ALERT: Bragar Eagel & Squire, P.C. is Investigating Leidos Holdings, Inc. on Behalf of Leidos Stockholders and Encourages Investors to Contact the Firm

Thursday, February 25, 2021 - 1:00am

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Leidos Holdings, Inc. (NYSE: LDOS) on behalf of Leidos stockholders.

Key Points: 
  • Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Leidos Holdings, Inc. (NYSE: LDOS) on behalf of Leidos stockholders.
  • Our investigation concerns whether Leidos has violated the federal securities laws and/or engaged in other unlawful business practices.
  • On this news, Leidos stock price fell $3.41 per share, or over 3%, to close at $105.22 per share on February 16, 2021.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

VELODYNE LIDAR ALERT: Bragar Eagel & Squire, P.C. is Investigating Velodyne Lidar, Inc. on Behalf of Velodyne Lidar Stockholders and Encourages Investors to Contact the Firm

Thursday, February 25, 2021 - 2:00am

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Velodyne Lidar, Inc. (NASDAQ: VLDR) on behalf of Velodyne stockholders.

Key Points: 
  • Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Velodyne Lidar, Inc. (NASDAQ: VLDR) on behalf of Velodyne stockholders.
  • Our investigation concerns whether Velodyne has violated the federal securities laws and/or engaged in other unlawful business practices.
  • On this news the companys stock price fell by $3.14 per share, to close at $17.97 per share on February 22, 2021.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

LMP Announces $20 Million Private Placement of Series A Convertible Preferred Stock

Thursday, February 25, 2021 - 12:25am

LMP will issue and sell 20,100 shares of a newly created series of Series A Convertible Preferred Stock (the Preferred Stock) in a privately negotiated transaction exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the Securities Act), and the rules and regulations promulgated thereunder.

Key Points: 
  • LMP will issue and sell 20,100 shares of a newly created series of Series A Convertible Preferred Stock (the Preferred Stock) in a privately negotiated transaction exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the Securities Act), and the rules and regulations promulgated thereunder.
  • The Preferred Stock will be convertible into shares of LMPs common stock at an initial conversion price of $17.50 per share.
  • The Investors will also receive warrants (the Warrants) to purchase 861,429 shares of LMPs common stock at an exercise price of $21.00 per share.
  • You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date.

Flame Acquisition Corp. Announces Pricing of $250 Million Initial Public Offering

Wednesday, February 24, 2021 - 11:00pm

Flame Acquisition Corp. (the Company) announced today the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit.

Key Points: 
  • Flame Acquisition Corp. (the Company) announced today the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit.
  • No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute forward-looking statements, including with respect to the Companys initial public offering.

EJF Acquisition Corp. Announces Pricing of $250 Million Initial Public Offering

Wednesday, February 24, 2021 - 10:44pm

EJF Acquisition Corp. (the Company or EJF) today announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit.

Key Points: 
  • EJF Acquisition Corp. (the Company or EJF) today announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit.
  • Each unit consists of one of the Companys Class A ordinary shares and one-third of one redeemable warrant.
  • Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price, less the underwriting discount, to cover over-allotments, if any.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Apache Corporation (APA) on Behalf of Investors

Wednesday, February 24, 2021 - 10:32pm

Law Offices of Howard G. Smith announces an investigation on behalf of Apache Corporation (Apache or the Company) (NASDAQ: APA ) investors concerning the Companys possible violations of federal securities laws.

Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of Apache Corporation (Apache or the Company) (NASDAQ: APA ) investors concerning the Companys possible violations of federal securities laws.
  • On this news, Apache's stock price fell $4.03, or nearly 11%, over the next four trading days, to close at $33.06 per share on April 26, 2019, thereby injuring investors.
  • On October 25, 2019, Apache's Senior Vice President of Worldwide Exploration, Steven Keenan, abruptly resigned from the Company.
  • On this news, Apache's stock price fell $1.16, or 5%, to close at $22.07 per share on October 25, 2019, thereby injuring investors.

Gores Holdings VIII, Inc. Announces Pricing of $300 Million Initial Public Offering

Wednesday, February 24, 2021 - 10:10pm

The units will be listed on the Nasdaq Capital Market and trade under the ticker symbol GIIXU beginning February 25, 2021.

Key Points: 
  • The units will be listed on the Nasdaq Capital Market and trade under the ticker symbol GIIXU beginning February 25, 2021.
  • Each unit consists of one share of the Companys Class A common stock and one-eighth of one warrant.
  • The Company has granted the underwriter a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the anticipated use of the net proceeds.