Pivot

Kane Biotech Announces Amendment to its Credit Facility

Retrieved on: 
Thursday, March 2, 2023

WINNIPEG, Manitoba, March 02, 2023 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF) (the “Company” or “Kane Biotech”) today announced that it has entered into a formal amending agreement (the “Amending Agreement”) with Pivot Financial I Limited Partnership (“Pivot”), to amend the terms of the Company’s amended and restated credit agreement between Pivot and the Company dated August 31, 2021, as amended (the “Credit Facility”). The Company previously announced its intention to enter into the Amending Agreement on March 1, 2023.

Key Points: 
  • Not for distribution to U.S. news wire services or dissemination in the United States
    WINNIPEG, Manitoba, March 02, 2023 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF) (the “Company” or “Kane Biotech”) today announced that it has entered into a formal amending agreement (the “Amending Agreement”) with Pivot Financial I Limited Partnership (“Pivot”), to amend the terms of the Company’s amended and restated credit agreement between Pivot and the Company dated August 31, 2021, as amended (the “Credit Facility”).
  • The Company previously announced its intention to enter into the Amending Agreement on March 1, 2023.
  • The issuance of the Compensation Warrants is subject to the approval of the TSX Venture Exchange.
  • “I would like to sincerely thank Pivot for their ongoing support of Kane especially as we approach some important inflection points in the Company.”

Kane Biotech Announces Proposed Amendments to its Credit Facility and Changes to its Board of Directors

Retrieved on: 
Wednesday, March 1, 2023

WINNIPEG, Manitoba, March 01, 2023 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF) (the “Company” or “Kane Biotech”) today announced that Pivot Financial I Limited Partnership (“Pivot”) has agreed, in principle, to amend the terms of the Company’s amended and restated credit agreement between Pivot and the Company dated August 31, 2021, as amended (the “Credit Facility”), by, among other things, increasing the size of the Credit Facility from $4 million to $5 million and extending the maturity date of the Credit Facility from February 28, 2023 to August 31, 2023 (the “Proposed Amended Credit Facility”). The Proposed Amended Credit Facility shall have an interest rate of 15% per annum.

Key Points: 
  • The Proposed Amended Credit Facility shall have an interest rate of 15% per annum.
  • The Proposed Amended Credit Facility is subject to the execution of definitive transaction documents and the receipt of all necessary approvals.
  • The proposed $2 million loan transaction with two lenders previously announced on December 29, 2022 will not proceed.
  • The Company also announces that it has accepted the resignations of Mark Nawacki, Sarah Prichard and Allan Mandelzys as members of the board of directors of the Company effective immediately.

U.S. Bank to offer CLO clients tailored portfolio optimization capabilities for more streamlined and effective trade structuring

Retrieved on: 
Tuesday, February 28, 2023

U.S. Bank announced today that it has added portfolio optimization capabilities to its Pivot client platform, giving collateralized loan obligation (CLO) clients comprehensive insights for faster and more effective trading.

Key Points: 
  • U.S. Bank announced today that it has added portfolio optimization capabilities to its Pivot client platform, giving collateralized loan obligation (CLO) clients comprehensive insights for faster and more effective trading.
  • Clients can include constraints not only from CLO compliance tests, but also custom constraints calculated on internal data that the client uses to make investment decisions.
  • “CLO portfolio managers often lack tools to integrate their research and optimize their portfolios,” said Joe Nardi, U.S. CLO business head at U.S. Bank.
  • Bank has a distinct advantage in this space because of the strong relationships we have cultivated over the years.

Pivotal Commware Debuts Next Generation Pivot 5G Repeater at 2023 Mobile World Congress Barcelona

Retrieved on: 
Tuesday, February 21, 2023

Pivotal Commware, global leader in 5G mmWave infrastructure products for the wireless edge, will debut its next generation Pivot 5G network repeater at 2023 Mobile World Congress Barcelona in Hall 2, Stand 2D15, from February 27 to March 2.

Key Points: 
  • Pivotal Commware, global leader in 5G mmWave infrastructure products for the wireless edge, will debut its next generation Pivot 5G network repeater at 2023 Mobile World Congress Barcelona in Hall 2, Stand 2D15, from February 27 to March 2.
  • These enhanced capabilities allow mobile network operators (MNOs) to expand the service area while greatly mitigating the impact of foliage.
  • Visitors to Pivotal’s stand at Mobile World Congress Barcelona can learn more about the Pivot 5G, which navigates mmWave signals around obstacles, and the Echo 5G, which penetrates those signals indoors through window glass.
  • “Pivotal pioneered the mmWave wireless edge with unmatched experience and a complete product ecosystem, including full turnkey implementation,” said Brian Deutsch, CEO of Pivotal Commware.

Pivotal Commware Introduces Next Generation Pivot 5G Repeater

Retrieved on: 
Thursday, February 16, 2023

Pivotal Commware, global leader in 5G mmWave infrastructure products for the wireless edge, introduces its next generation Pivot 5G network repeater with more than four times the power for increased range, optical extension, and other key improvements.

Key Points: 
  • Pivotal Commware, global leader in 5G mmWave infrastructure products for the wireless edge, introduces its next generation Pivot 5G network repeater with more than four times the power for increased range, optical extension, and other key improvements.
  • The second-generation Pivot features a narrower beamwidth on the Donor unit and combines that with increased gain and a 7dB power boost to the Service Unit.
  • These enhanced capabilities allow mobile network operators (MNOs) to expand the service area while greatly mitigating the impact of foliage.
  • “By extending the range and capability of the Pivot 5G network repeater, Pivotal enhances its leadership in delivering the mmWave wireless edge.”
    Pivotal Commware will showcase its next generation Pivot 5G repeater at 2023 Mobile World Congress Barcelona in Hall 2, Stand 2D15, from February 27 to March 2.

Pivot Launches Pivot Flex, a Digital Solution for Mental Well-being

Retrieved on: 
Wednesday, February 1, 2023

Pivot , a behavioral change digital health company, today announced the launch of Pivot Flex , a powerful digital health solution employers and health plans can offer their employees and members to help them manage everyday stress and build resilience to improve their mental well-being.

Key Points: 
  • Pivot , a behavioral change digital health company, today announced the launch of Pivot Flex , a powerful digital health solution employers and health plans can offer their employees and members to help them manage everyday stress and build resilience to improve their mental well-being.
  • A natural evolution of Pivot’s offerings, Pivot Flex is based on the successful behavioral change model established with their flagship solution, Pivot Breathe, for tobacco cessation.
  • Pivot Flex is a mobile app and set of tools built on several proven tenets to address everyday stress.
  • Pivot Flex also supports employers and health insurers with insights into measurable data and outcomes they can tie into their strategic goals.

Extra Space Storage's solar portfolio with Pivot Energy to surpass 15 megawatt milestone

Retrieved on: 
Tuesday, January 24, 2023

DENVER, Jan. 24, 2023 /PRNewswire/ -- National renewable energy provider, Pivot Energy , is set to install nine additional rooftop solar systems on Extra Space Storage facilities, adding 946.8 kilowatts of capacity to an expansive renewable energy portfolio that now totals 15 megawatts (MW).

Key Points: 
  • DENVER, Jan. 24, 2023 /PRNewswire/ -- National renewable energy provider, Pivot Energy , is set to install nine additional rooftop solar systems on Extra Space Storage facilities, adding 946.8 kilowatts of capacity to an expansive renewable energy portfolio that now totals 15 megawatts (MW).
  • Each solar system's production reflects 80 to 100% of the building's energy, making Extra Space Storage a clear leader in the enablement of renewable energy across the country.
  • "Solar has helped Extra Space Storage realize significant cost savings, but more importantly, it's the right thing to do," said Steve Potter, Project Manager at Extra Space Storage.
  • "We deeply value our longstanding partnership with Extra Space Storage," said Erik Bruner, Director of Business Development at Pivot Energy.

Kane Biotech Announces Extension of Term of Credit Facility

Retrieved on: 
Monday, February 6, 2023

WINNIPEG, Manitoba, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX-V:KNE) (the “Company” or “Kane Biotech”) announces today that it has entered into an amending agreement with Pivot Financial I Limited Partnership (“Pivot”) to the amended and restated credit agreement between the Company and Pivot dated August 31, 2021, extending the maturity date of its credit facility from January 31, 2023 to February 28, 2023. Kane and Pivot are working towards finalizing a longer term extension to the credit facility and this extension provides time for that to be completed.

Key Points: 
  • Not for distribution to U.S. news wire services or dissemination in the United States
    WINNIPEG, Manitoba, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX-V:KNE) (the “Company” or “Kane Biotech”) announces today that it has entered into an amending agreement with Pivot Financial I Limited Partnership (“Pivot”) to the amended and restated credit agreement between the Company and Pivot dated August 31, 2021, extending the maturity date of its credit facility from January 31, 2023 to February 28, 2023.
  • Kane and Pivot are working towards finalizing a longer term extension to the credit facility and this extension provides time for that to be completed.

Ariadne Labs Announces 2022-2023 Spark Grant Recipients

Retrieved on: 
Wednesday, January 11, 2023

BOSTON, Jan. 11, 2023 /PRNewswire/ -- Ariadne Labs today announced five recipients of the Ariadne Labs Spark Grant innovation awards for the 2022-2023 year. The Spark Grant program provides support for new and early-stage ideas focused on making health care safer, more integrated, and more equitable for all patients. Now in its tenth year, the program has funded more than 20 projects. 

Key Points: 
  • Five grants will support early-stage ideas to make health care safer, more integrated, and more equitable
    BOSTON, Jan. 11, 2023 /PRNewswire/ -- Ariadne Labs today announced five recipients of the Ariadne Labs Spark Grant innovation awards for the 2022-2023 year.
  • The Spark Grant program provides support for new and early-stage ideas focused on making health care safer, more integrated, and more equitable for all patients.
  • The 2022-2023 recipients of the Ariadne Labs Spark Grant innovation awards are:
    Rose Molina, MD, MPH, Assistant Professor of Obstetrics, Gynecology, and Reproductive Biology at Harvard Medical School; Obstetrician-Gynecologist at Beth Israel Deaconess Medical Center and The Dimock Center; Core Faculty at Ariadne Labs
    Evidence suggests that individuals with limited English language proficiency experience lower quality maternal health care due to structural barriers and communication challenges.
  • In 2021 a Spark Grant funded initial work to develop a checklist to triage potential candidates for EVT.

Davidson Hospitality Group Selected To Operate Barnsley Resort

Retrieved on: 
Tuesday, December 20, 2022

ATLANTA, Dec. 20, 2022 /PRNewswire/ -- Davidson Hospitality Group, recently ranked #1 in Guest Satisfaction among Third-Party Hotel Management Companies by J.D. Power, has been identified to manage Barnsley Resort in Adairsville, Georgia under its highly specialized operating vertical, Davidson Resorts. Situated one-hour northwest of Atlanta, the 3,000-acre resort features 140 rooms, including standalone cottages and suites; 16,000 square feet of indoor meeting space; a hunting reserve, a championship golf club, and a 10-acre lake. In collaboration with ownership, Davidson will oversee the planned expansion project, incorporating new amenities, room renovations and more.

Key Points: 
  • Power, has been identified to manage Barnsley Resort in Adairsville, Georgia under its highly specialized operating vertical, Davidson Resorts.
  • "It is a privilege to welcome Barnsley Resort to our growing family," said Davidson Hospitality Group Chief Executive Officer & President Thom Geshay.
  • In keeping with the company's heritage of delivering value, Davidson Hospitality Group is comprised of four highly specialized operating verticals: Davidson Hotels, Pivot, Davidson Resorts and Davidson Restaurant Group.
  • In 2022, Davidson Hospitality Group was ranked #1 in Guest Satisfaction among Third-Party Hotel Management Companies by J.D.