OTC Bulletin Board

Tekla Healthcare Investors Announce Renewal of Share Repurchase Program

Retrieved on: 
Thursday, March 16, 2023
Health Insurance, Professional Services, Health, Finance, Share repurchase, Fund, OTC Bulletin Board, Trustee, NYSE, Security (finance)

Tekla Healthcare Investors (the “Fund”) announced today that its Board of Trustees authorized a renewal of its share repurchase program.

Key Points: 
  • Tekla Healthcare Investors (the “Fund”) announced today that its Board of Trustees authorized a renewal of its share repurchase program.
  • The share repurchase program is intended to increase the Fund’s net asset value per share and could also have the benefit of providing additional liquidity in the trading of shares.
  • The Board will monitor the effect of the share repurchase program on the Fund’s market prices and net asset value per share, expense ratio and investment strategy over time.
  • Tekla Healthcare Investors (NYSE: HQH) is a closed-end fund that invests in companies in the healthcare industry.

OXFORD BANK CORPORATION ANNOUNCES THE ELECTION OF TWO EXECUTIVES TO THE OXFORD BANK BOARD OF DIRECTORS

Retrieved on: 
Wednesday, March 15, 2023
Risk management, Risk, Ocean Bank, Board of Management St. Molaga's National School v The Secretary General of the Department of Education and Science, Release, Bank, Corporation, OTC Bulletin Board, Management

OXFORD, Mich., March 15, 2023 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced the appointment of two executive leaders, Michael ("Mick") Goik, President, Oxford Commercial Finance and Matthew Lowman, Oxford Bank Executive Vice President, and Chief Risk Officer, to the Oxford Bank Board of Directors, effective immediately.

Key Points: 
  • OXFORD, Mich., March 15, 2023 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced the appointment of two executive leaders, Michael ("Mick") Goik, President, Oxford Commercial Finance and Matthew Lowman, Oxford Bank Executive Vice President, and Chief Risk Officer, to the Oxford Bank Board of Directors, effective immediately.
  • Both executives have extensive experience and a consistent record of success in growing financial institutions through strong sales and credit cultures.
  • Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company.
  • In addition, Oxford Bank has business banking centers in Wixom, downtown Oxford, Ann Arbor and Flint, MI.

Republic First Announces $125 Million Equity Capital Raise to Support Execution of Strategic Plan to Drive Profitability and Enhance Shareholder Value

Retrieved on: 
Friday, March 10, 2023
Banking, Professional Services, Finance, Sidley Austin, Principal, Abstention, Republic, OTC Bulletin Board, Securities and Exchange Commission (Nigeria), Republic Bank, Czech Republic First!, Keefe, Bruyette & Woods, Common, LLP, Republic First Bancorp, Common stock, Warrant, Security (finance), Management

The Capital Raise, which follows a strategic review process overseen by the Strategic Review Committee of Republic First’s Board of Directors (the “Board”), with the assistance of independent advisors, is intended to support the Company’s execution of a strategic plan to drive profitability and enhance shareholder value.

Key Points: 
  • The Capital Raise, which follows a strategic review process overseen by the Strategic Review Committee of Republic First’s Board of Directors (the “Board”), with the assistance of independent advisors, is intended to support the Company’s execution of a strategic plan to drive profitability and enhance shareholder value.
  • The firm has made more than 300 community bank investments, totaling $1.7 billion across eight private equity funds.
  • Additionally, an affiliate of Cohen Private Ventures, LLC (“Cohen Private Ventures”) has committed to participate in the Capital Raise on the same terms for an aggregate amount of $30 million.
  • Thomas Geisel, President and Chief Executive Officer of Republic First, commented:
    “This Capital Raise, which is a testament to the strength and potential of Republic First’s brand and business, positions us to accelerate execution of a strategic plan that targets profitability and enhanced value for stakeholders.

QNB Corp. Declares Q1 2023 Dividend

Retrieved on: 
Tuesday, February 28, 2023
QNB Bank, OTC Bulletin Board, QNB, Holding company, Security (finance)

Quakertown, PA, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Quakertown, PA (28 February 2023) The Board of Directors of QNB Corp. (OTC Bulletin Board: QNBC), parent company of QNB Bank, at a regular meeting on February 28, declared a quarterly cash dividend of $0.37 per share.

Key Points: 
  • Quakertown, PA, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Quakertown, PA (28 February 2023) The Board of Directors of QNB Corp. (OTC Bulletin Board: QNBC), parent company of QNB Bank, at a regular meeting on February 28, declared a quarterly cash dividend of $0.37 per share.
  • The cash dividend is payable on March 31, 2023, to shareholders of record March 17, 2023.
  • QNB Corp. offers commercial and retail banking services through the twelve banking offices of its subsidiary, QNB Bank.
  • QNB Corp.’s stock is traded in the over-the-counter market under the symbol “QNBC.” For more information, visit QNB’s website at QNBbank.com .

QNB Bank Announces 2023, $3 Million, Commitment through its Housing Opportunity Program

Retrieved on: 
Wednesday, February 22, 2023
OTC Bulletin Board, Registered investment adviser, Senior, Insurance, QNB Bank, Credit

(the “Bank” or “QNB”) (a division of QNB Corp (the “Bank”), OTC Bulletin Board: QNBC) announced today that it is committing $3 million of first mortgage funding to low-to-moderate income individuals through its QNB Housing Opportunity Program.

Key Points: 
  • (the “Bank” or “QNB”) (a division of QNB Corp (the “Bank”), OTC Bulletin Board: QNBC) announced today that it is committing $3 million of first mortgage funding to low-to-moderate income individuals through its QNB Housing Opportunity Program.
  • QNB’s Housing Opportunity Program offers low-to-moderate-income borrowers relaxed lending guidelines when purchasing a primary residence in Bucks, Montgomery, and Lehigh Counties.
  • Our program helps low-to-moderate income individuals with their mortgage needs.”
    For more information and detailed QNB Housing Opportunity guidelines, visit qnbbank.com/hop.
  • More information about QNB Corp. and QNB Bank is available at QNBBank.com.

Hancock Whitney Increases Quarterly Dividend 11%; Renews Share Repurchase Authorization

Retrieved on: 
Thursday, January 26, 2023
Banking, Professional Services, Finance, Share repurchase, Securities and Exchange Commission (Nigeria), OTC Bulletin Board, Security (finance), HWC, Holding company, Cryptocurrency

Hancock Whitney Corporation (Nasdaq: HWC) today announced that at its January meeting, the Company’s Board of Directors (“the Board”) approved a regular first quarter 2023 common stock cash dividend of $0.30 per common share, an increase of $0.03 per common share, or 11%.

Key Points: 
  • Hancock Whitney Corporation (Nasdaq: HWC) today announced that at its January meeting, the Company’s Board of Directors (“the Board”) approved a regular first quarter 2023 common stock cash dividend of $0.30 per common share, an increase of $0.03 per common share, or 11%.
  • The first quarter dividend is payable on March 15, 2023 to shareholders of record as of March 6, 2023.
  • The Stock Buyback Program expires on December 31, 2024.
  • The Stock Buyback Program may be terminated or amended by the Board at any time prior to the expiration date.

NAPCO Security Technologies Announces Pricing of Secondary Public Offering of 2,100,000 Shares of Common Stock by Selling Stockholders

Retrieved on: 
Thursday, February 9, 2023
Prospectus, NAPCO, William Blair & Company, Needham & Company, L.L.C, Security (finance), Enterprise file synchronization and sharing, NSSC, Form, Sale, Offering, Telephone, Park Avenue, OTC Bulletin Board, Communication, Operation

Additionally, the Selling Stockholders have granted the underwriters a 30-day option to purchase from them up to an additional 300,000 shares of common stock.

Key Points: 
  • Additionally, the Selling Stockholders have granted the underwriters a 30-day option to purchase from them up to an additional 300,000 shares of common stock.
  • The Offering is expected to close on February 13, 2023, subject to customary closing conditions.
  • NAPCO is not issuing or selling any shares of common stock in the Offering and therefore will not receive any of the proceeds from the sale of common stock in the Offering by the Selling Stockholders.
  • The securities described above are being offered by the Selling Stockholders pursuant to an effective registration statement on Form S-3ASR (File No.

NAPCO Security Technologies Announces Secondary Public Offering of Shares of Common Stock

Retrieved on: 
Wednesday, February 8, 2023
Prospectus, NAPCO, William Blair & Company, Needham & Company, L.L.C, Security (finance), SEC filing, NSSC, Form, Sale, Telephone, Park Avenue, OTC Bulletin Board, Communication, Operation

The Selling Stockholders expect to grant the underwriters a 30-day option to purchase additional shares of common stock at the public offering price, less underwriting discounts and commissions.

Key Points: 
  • The Selling Stockholders expect to grant the underwriters a 30-day option to purchase additional shares of common stock at the public offering price, less underwriting discounts and commissions.
  • NAPCO is not issuing or selling any shares of common stock in the offering and therefore will not receive any of the proceeds from the sale of the outstanding shares of common stock by the Selling Stockholders, and the offering will not result in dilution to existing stockholders.
  • The securities described above will be offered by the Selling Stockholders pursuant to an effective registration statement on Form S-3ASR (File No.
  • A copy of the preliminary prospectus supplement and the accompanying prospectus relating to and describing the offering will be filed with the SEC.

OXFORD BANK CORPORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 OPERATING RESULTS

Retrieved on: 
Thursday, January 26, 2023
Net income, Allowance for Loan and Lease Losses, Corporation, Bank, Futures contract, OTC Bulletin Board, CECL, Asset, Government, PPP, Growth, Forgiveness, Probability, The Company, Treasury, Risk management, Acquisition, Risk, OCF, Investment, Fed, Release, Availability, Tier 1 capital, Security (finance)

OXFORD, Mich., Jan. 26, 2023 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced operating results for the fourth quarter ended December 31, 2022.

Key Points: 
  • OXFORD, Mich., Jan. 26, 2023 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced operating results for the fourth quarter ended December 31, 2022.
  • Fourth quarter 2022 earnings also increased, as expected, compared to third quarter 2022 net income of $2.632 million, or $1.09 per weighted average share.
  • Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company.
  • In addition, Oxford Bank has business banking centers in Wixom, downtown Oxford, Ann Arbor and Flint, MI.

ViewRay Enters into Cooperation Agreement with Hudson Executive Capital

Retrieved on: 
Friday, January 20, 2023
HEC, OTC Bulletin Board, Security (finance)

CLEVELAND, Jan. 20, 2023 /PRNewswire/ -- ViewRay, Inc. (NASDAQ: VRAY) today announced that it has reached an agreement with Hudson Executive Capital LP ("HEC") to appoint Sai Nanduri, Senior Investment Analyst and representative of HEC, as an observer of the ViewRay Board of Directors (the "Board"), effective as of January 20, 2023.

Key Points: 
  • CLEVELAND, Jan. 20, 2023 /PRNewswire/ -- ViewRay, Inc. (NASDAQ: VRAY) today announced that it has reached an agreement with Hudson Executive Capital LP ("HEC") to appoint Sai Nanduri, Senior Investment Analyst and representative of HEC, as an observer of the ViewRay Board of Directors (the "Board"), effective as of January 20, 2023.
  • The Company has also agreed that the Board will appoint Mr. Nanduri to fill any vacancy on the Board arising during the term of the agreement.
  • In connection with this announcement, ViewRay has also entered into a cooperation agreement with HEC, which currently owns approximately 8.7% of the Company's outstanding common stock.
  • Pursuant to its agreement with ViewRay, HEC has agreed to customary standstill and voting commitments, among other provisions.