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QCR Holdings, Inc. Completes Private Placements of Subordinated Notes

Retrieved on: 
Thursday, August 18, 2022 - 10:13pm

MOLINE, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the Company) today announced that it has completed private placements of $100million in aggregate principal amount subordinated notes.

Key Points: 
  • MOLINE, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the Company) today announced that it has completed private placements of $100million in aggregate principal amount subordinated notes.
  • The private placements were issued in two separate tranches consisting of $45 million in aggregate principal amount of Fixed-to-Floating Rate Subordinated Notes due September 2032 (the 2032 Notes) and $55 million in aggregate principal amount of Fixed-to-Floating Subordinated Notes due September 2037 (the 2037 Notes).
  • The Company intends to use the net proceeds from the private placements for general corporate purposes, which may include, but are not limited to, repurchasing shares of common stock.
  • Piper Sandler & Co. served as the sole placement agent for the offering of the 2032 Notes.

HBT Financial, Inc. Announces Chief Financial Officer Transition Plan

Retrieved on: 
Thursday, August 18, 2022 - 9:05pm

BLOOMINGTON, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) (the Company), the holding company for Heartland Bank and Trust Company (Heartland Bank), today announced that Matthew J. Doherty, Executive Vice President and Chief Financial Officer, will step down from the Chief Financial Officer position on December31, 2022, but will remain with Heartland Bank serving as Treasurer as a step in Mr. Dohertys eventual retirement from the Company.

Key Points: 
  • BLOOMINGTON, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) (the Company), the holding company for Heartland Bank and Trust Company (Heartland Bank), today announced that Matthew J. Doherty, Executive Vice President and Chief Financial Officer, will step down from the Chief Financial Officer position on December31, 2022, but will remain with Heartland Bank serving as Treasurer as a step in Mr. Dohertys eventual retirement from the Company.
  • Peter Chapman, previously the Executive Vice President and Chief Financial Officer of Great Western Bancorp, Inc. (Great Western), will join the Company on October1, 2022, after relocating to the Bloomington, Illinois area, and assume the role of Chief Financial Officer on January1, 2023.
  • We have known Pete Chapman for several years, and we are very pleased that he will be succeeding Matt as our Chief Financial Officer.
  • As of June30, 2022, HBT had total assets of $4.2billion, total loans of $2.5billion, and total deposits of $3.7billion.

Aries I Acquisition Corporation Announces Extension of Deadline to Complete Business Combination

Retrieved on: 
Thursday, August 18, 2022 - 9:30pm

Aries is a special purpose acquisition company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Key Points: 
  • Aries is a special purpose acquisition company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • On December 13, 2021, Aries and InfiniteWorld announced that they had entered into a definitive business combination agreement.
  • Closing of the business combination is subject to customary closing conditions including the approval of the shareholders of Aries.
  • InfiniteWorld is poised to become a publicly traded company through a business combination with Aries I Acquisition Corporation (Nasdaq: RAM), a special purpose acquisition company.

The Law Office of Michael Rehm Files Public Records Act in Local Teacher Sex Abuse Allegations

Retrieved on: 
Thursday, August 18, 2022 - 9:56pm

Michael Rehm, a local Sacramento attorney, represents a former student of Alejandrino.

Key Points: 
  • Michael Rehm, a local Sacramento attorney, represents a former student of Alejandrino.
  • I filed a Public Records Act request to secure all personnel files pertaining to Mr. Alejandrinos employment at Arden Middle School and Cowan Fundamental Elementary, where he was previously employed.
  • Attorney Michael Rehm represents victims of sexual abuse involving teachers, or other school officials.
  • Attorney Michael Rehm implemented this strategy recently with a different school district and was able to obtain a $1.45 million settlement pre-litigation for his client.

Bright Lights Acquisition Corp. and MANSCAPED™ Mutually Agree to Terminate Business Combination Agreement Due to Unfavorable Market Conditions

Retrieved on: 
Thursday, August 18, 2022 - 9:35pm

Bright Lights Acquisition Corp. (Bright Lights or BLTS) (Nasdaq: BLTS), a special purpose acquisition company (SPAC), and MANSCAPED (MANSCAPED or the Company), a leading global consumer lifestyle brand specializing in mens grooming and self-care, today announced that they are mutually terminating their previously announced Business Combination Agreement, effective immediately.

Key Points: 
  • Bright Lights Acquisition Corp. (Bright Lights or BLTS) (Nasdaq: BLTS), a special purpose acquisition company (SPAC), and MANSCAPED (MANSCAPED or the Company), a leading global consumer lifestyle brand specializing in mens grooming and self-care, today announced that they are mutually terminating their previously announced Business Combination Agreement, effective immediately.
  • We are confident in our long-term growth strategy and are excited about the future for MANSCAPED.
  • Mike and the Bright Lights team have been great partners throughout this process, and we wish them well moving forward.
  • Bright Lights is a blank check company that was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

Independent Proxy Advisory Firm Glass Lewis Recommends that Ceragon Shareholders Vote for Change

Retrieved on: 
Thursday, August 18, 2022 - 9:05pm

AUSTIN, Texas, Aug. 18, 2022 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW) ("Aviat"), the leading expert in wireless transport solutions, today announced that independent proxy advisory firm Glass Lewis has recommended that shareholders of Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon") vote FOR the removal of three members of Ceragon's Board of Directors ("Board"), Yael Langer, Ira Palti, and David Ripstein, at the upcoming Extraordinary General Meeting of Shareholders on August 23, 2022. Glass Lewis also recommended that Ceragon shareholders vote FOR three of Aviat's highly-qualified, independent nominees, Paul Delson, Jonathan F. Foster, and Dennis Sadlowski.

Key Points: 
  • Glass Lewis also recommended that Ceragon shareholders vote FOR three of Aviat's highly-qualified, independent nominees, Paul Delson,Jonathan F. Foster, and Dennis Sadlowski.
  • In our view, given the ties and lengthy tenures of certain Ceragon directors, shareholders have less assurance that Aviat's proposal has received a full, fair and independent evaluation by a sufficiently independent board of directors.
  • Unfortunately, this is not the first time that Glass Lewis has expressed similar concerns.
  • In its report, Glass Lewis called out Ceragon's track record of underperformance and unwillingness to change course due to the Board's lack of independence.

Capstone Green Energy Announces Launch of Underwritten Public Offering

Retrieved on: 
Thursday, August 18, 2022 - 9:00pm

Capstone Green Energy (Nasdaq: CGRN) (Capstone, or the Company), a global leader in carbon reduction and on-site resilient green Energy as a Service (EaaS) solutions, today announced that it has commenced an underwritten public offering of shares of its common stock and warrants to purchase shares of its common stock.

Key Points: 
  • Capstone Green Energy (Nasdaq: CGRN) (Capstone, or the Company), a global leader in carbon reduction and on-site resilient green Energy as a Service (EaaS) solutions, today announced that it has commenced an underwritten public offering of shares of its common stock and warrants to purchase shares of its common stock.
  • Capstone intends to use the net proceeds from the offering for working capital, general corporate purposes and growth initiatives, including to expand its Energy as a Service long-term rental fleet.
  • Capstone Green Energy ( www.CapstoneGreenEnergy.com ) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals.
  • Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Companys microturbine energy systems.

Cian PLC Announces 2022 Annual General Meeting

Retrieved on: 
Thursday, August 18, 2022 - 7:14pm

Cian PLC (NYSE: CIAN, MOEX: CIAN) (Cian, the Group or the Company), a leading online real estate classifieds platform in Russia, calls for the 2022 Annual General Meeting (the AGM) to be held on September 30, 2022, at 9.00 a.m. (Cyprus time) at 9 Kafkasou Street, Treppides Tower, 4th floor, 401, Nicosia, Cyprus.

Key Points: 
  • Cian PLC (NYSE: CIAN, MOEX: CIAN) (Cian, the Group or the Company), a leading online real estate classifieds platform in Russia, calls for the 2022 Annual General Meeting (the AGM) to be held on September 30, 2022, at 9.00 a.m. (Cyprus time) at 9 Kafkasou Street, Treppides Tower, 4th floor, 401, Nicosia, Cyprus.
  • Cian is a leading online real estate classifieds platform in the large, underpenetrated and growing Russian real estate classifieds market, with a strong presence across Russia and leading positions in the countrys key metropolitan areas.
  • The Company ranks among the top seven most popular online real estate classifieds globally in terms of traffic (based on SimilarWeb traffic data for other online real estate classifieds and Google Analytics data for Cian for June 2022).
  • This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Transfix Enhances the Carrier Experience to Boost Long-Term Resilience

Retrieved on: 
Thursday, August 18, 2022 - 7:08pm

NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced the release of a new suite of features for its Fleet Management System (FMS). Now, carriers can book and manage dedicated freight and contract rates with some of the nation's largest shippers, digitize their bidding experience for quicker negotiation, and easily identify attractive loads that offer great rates or flexible pickup times. These new features support carriers' efforts to keep their trucks fully loaded and procure the best available rates. This can help shield them from market volatility– and the impacts of seasonality and cyclicality– to maximize efficiency, service, and costs.

Key Points: 
  • In connection with the proposed business combination involving G Squared Ascend I and Transfix, Transfix Holdings, Inc. ("Transfix Holdings") has filed a registration statement on Form S-4, as amended (the "Registration Statement") with the Securities and Exchange Commission (the "SEC").
  • The Registration Statement includes a proxy statement of G Squared Ascend I and a prospectus of Transfix Holdings.
  • Additionally, G Squared Ascend I and Transfix Holdings will file other relevant materials with the SEC in connection with the business combination.
  • G Squared Ascend I's SEC filings are available publicly on the SEC's website at www.sec.gov .

Federal Circuit Rules in Favor of Eagle Pharmaceuticals in Vasopressin Litigation

Retrieved on: 
Thursday, August 18, 2022 - 5:53pm

Par previously sued Eagle in 2018, alleging infringement of several of its patents and a trial was held in July 2021.

Key Points: 
  • Par previously sued Eagle in 2018, alleging infringement of several of its patents and a trial was held in July 2021.
  • The District Court held that Eagle did not infringe on any of Pars patents, and Par appealed.
  • Oral arguments were held before the Federal Circuit in July 2022.
  • Today, the Federal Circuit issued its decision rejecting Pars arguments and affirming the District Courts finding of non-infringement.