Adjustment

Air Industries Group Announces 1-for 10 Reverse Stock Split

Retrieved on: 
Tuesday, October 4, 2022

The Company noted that it has not received any notice or indication from the NYSE American, the exchange on which its common stock is currently listed, which would necessitate a reverse stock split.

Key Points: 
  • The Company noted that it has not received any notice or indication from the NYSE American, the exchange on which its common stock is currently listed, which would necessitate a reverse stock split.
  • The reverse stock split was authorized by the Companys Board of Directors on September 8, 2022.
  • The Company will file a certificate of change to its articles of incorporation, as amended, with the Secretary of State of Nevada to effect the reverse stock split.
  • No fractional shares will be issued as a result of the reverse stock split.

Research Solutions Announces the Acquisition of Customers From FIZ Karlsruhe

Retrieved on: 
Tuesday, October 4, 2022

"The acquisition of FIZ Karlsruhe's AutoDoc customers provides us with an increase in transaction revenues and a cross-sell opportunity to upgrade those customers to our full Article Galaxy Platform," said Roy W. Olivier, President and Chief Executive Officer of Research Solutions.

Key Points: 
  • "The acquisition of FIZ Karlsruhe's AutoDoc customers provides us with an increase in transaction revenues and a cross-sell opportunity to upgrade those customers to our full Article Galaxy Platform," said Roy W. Olivier, President and Chief Executive Officer of Research Solutions.
  • FIZ will be terminating their AutoDoc offering and the transaction provides the opportunity for any customer that has transacted through AutoDoc in the last three years to have their contract assumed by Research Solutions.
  • AutoDoc's customers have been notified they can opt to have Research Solutions assume their contract effective January 1st, 2023.
  • Research Solutions, Inc. (NASDAQ: RSSS) provides cloud-based technologies to streamline the process of obtaining, managing, and creating intellectual property.

Village Super Market, Inc. Reports Results for the Fourth Quarter Ended July 30, 2022

Retrieved on: 
Tuesday, October 4, 2022

SPRINGFIELD, N.J., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Village Super Market, Inc. (NSD-VLGEA) today reported its results of operations for the fourth quarter ended July30, 2022.

Key Points: 
  • SPRINGFIELD, N.J., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Village Super Market, Inc. (NSD-VLGEA) today reported its results of operations for the fourth quarter ended July30, 2022.
  • Adjusted operating and administrative expenses decreased to 23.23% in the 13 weeks ended July30, 2022 compared to 24.29% in the 14 weeks ended July31, 2021.
  • Interest expense was $1.0million in both the 13 weeks ended July30, 2022 and the 14 weeks ended July31, 2021.
  • Interest income was $1.2million in the 13 weeks ended July30, 2022 compared to $1.0million in the 14 weeks ended July31, 2021.

Swvl Announces 58% of its Portfolio Turns Adjusted EBITDA Breakeven

Retrieved on: 
Tuesday, October 4, 2022

Youssef Salem, Swvl CFO, said, With 58% of our portfolio turning Adjusted EBITDA neutral or positive, we believe that we are on track to turn cashflow positive in 2023.

Key Points: 
  • Youssef Salem, Swvl CFO, said, With 58% of our portfolio turning Adjusted EBITDA neutral or positive, we believe that we are on track to turn cashflow positive in 2023.
  • The countries achieving Adjusted EBITDA profitability include 3 of our organic markets and 2 markets we entered as a result of our recent acquisitions.
  • Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation across > 20 countries.
  • However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so.

Arcosa, Inc. Completes Sale of its Storage Tanks Business

Retrieved on: 
Monday, October 3, 2022

Arcosa, Inc. (NYSE: ACA) (Arcosa or the Company), a provider of infrastructure-related products and solutions, today announced it has completed the previously announced sale of its storage tanks business to Black Diamond Capital Management, LLC for $275 million in cash.

Key Points: 
  • Arcosa, Inc. (NYSE: ACA) (Arcosa or the Company), a provider of infrastructure-related products and solutions, today announced it has completed the previously announced sale of its storage tanks business to Black Diamond Capital Management, LLC for $275 million in cash.
  • Antonio Carrillo, President and CEO of Arcosa, commented, I am pleased to announce the successful completion of the sale of our storage tanks business, a significant milestone that reflects our ongoing commitment to shareholder value creation and portfolio simplification.
  • I want to recognize the great legacy and contributions of the storage tanks business and thank its employees for their service and dedication to Arcosa.
  • As previously disclosed, our forecast for the storage tanks business was for revenues of approximately $245-255 million and Adjusted EBITDA of approximately $52-55 million for full year 2022.

BlueLinx Acquires Vandermeer Forest Products

Retrieved on: 
Monday, October 3, 2022

BlueLinx (NYSE: BXC) is a leading U.S. wholesale distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as lumber, panels, engineered wood, siding, millwork, and industrial products.

Key Points: 
  • BlueLinx (NYSE: BXC) is a leading U.S. wholesale distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as lumber, panels, engineered wood, siding, millwork, and industrial products.
  • BlueLinx provides a wide range of value-added services and solutions to our customers and suppliers.
  • BlueLinx encourages investors to visit its website, www.BlueLinxCo.com , which is updated regularly with financial and other important information about BlueLinx.
  • The Company has presented Adjusted EBITDA for Vandermeer Forest Products (Vandermeer) in this release as a part of the ratio of the purchase price paid for the Vandermeer business (exclusive of real estate purchase) to Vandermeers trailing twelve-month Adjusted EBITDA, which the Company refers to as the Purchase Price to Trailing Twelve Month Adjusted EBITDA Multiple.

Utz Brands Announces CEO Succession Plan

Retrieved on: 
Monday, October 3, 2022

Mr. Friedman said, I am honored to join Utz as CEO at this important time, and I see enormous potential to continue Utzs exciting journey.

Key Points: 
  • Mr. Friedman said, I am honored to join Utz as CEO at this important time, and I see enormous potential to continue Utzs exciting journey.
  • Mr. Deromedi stated, We are pleased to welcome Howard as our next CEO after a thorough search and succession planning process.
  • Michael Rice, Utz Chairman Emeritus and previous Utz CEO of more than 30 years, added, Utz has been blessed with talented associates every step of the way on our journey to becoming one of the largest salty snack companies in the country.
  • Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands including Utz, ON THE BORDER Chips & Dips, Golden Flake, Zapps, Good Health, Boulder Canyon, Hawaiian Brand, and TORTIYAHS!, among others.

Viasat to Sell Its Link 16 Tactical Data Links Business to L3Harris Technologies for $1.96 Billion

Retrieved on: 
Monday, October 3, 2022

CARLSBAD, Calif., Oct. 3, 2022  /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced it has entered into a definitive agreement to sell its Link 16 Tactical Data Links (TDL) business to L3Harris Technologies for $1.96 billion, subject to customary transaction adjustments in accordance with the agreement. The sale is expected to result in cash proceeds to Viasat of approximately $1.8 billion net after estimated taxes, fees, and other expenses.

Key Points: 
  • Viasat's Link 16 Tactical Data Link business is part of its Government Systems segment.
  • The sale of the business includes the Multifunctional Information Distribution System (MIDS) platforms and associated next-generation Link 16 terminals and handheld radios, as well as the Link 16 to space business.
  • The Link 16 Tactical Data Links business has been an important contributor to Viasat's growth and earnings and the transaction recognizes the value created by our outstanding team.
  • L3Harris has been a long-time Link 16 strategic partner and has a portfolio that will benefit significantly from these capabilities.

Redwire Accelerates Profitable Growth with Acquisition of QinetiQ Space NV

Retrieved on: 
Monday, October 3, 2022

Redwire Corporation (NYSE: RDW), a leader in critical space infrastructure for the next generation space economy, announced today that the Company has entered into a definitive agreement with QinetiQ Group plc (QinetiQ Group) to acquire its QinetiQ Space NV (Space NV) business, a Belgium-based commercial space business providing design and integration of critical space infrastructure and other instruments for end-to-end space missions.

Key Points: 
  • Redwire Corporation (NYSE: RDW), a leader in critical space infrastructure for the next generation space economy, announced today that the Company has entered into a definitive agreement with QinetiQ Group plc (QinetiQ Group) to acquire its QinetiQ Space NV (Space NV) business, a Belgium-based commercial space business providing design and integration of critical space infrastructure and other instruments for end-to-end space missions.
  • Space NV has a long and successful history of operating in space and deploying leading space innovation for their customers, including ESA, BELSPO, and many European commercial space companies.
  • Space NV is expected to provide Redwire with increased scale, broader access to addressable markets and significant backlog to bolster our growth platform.
  • The financial information of QinetiQ Space NV contained in this press release is based on data available to Redwire provided by QinetiQ Group.

Thunderbird Resorts 2022 Half-Year / Semi-Annual Report Filed

Retrieved on: 
Friday, September 30, 2022

Copies of the 2022 Half-year report and Unaudited Consolidated Financial Statements Report in the English language will be available at no cost at the Group's website at www.thunderbirdresorts.com.

Key Points: 
  • Copies of the 2022 Half-year report and Unaudited Consolidated Financial Statements Report in the English language will be available at no cost at the Group's website at www.thunderbirdresorts.com.
  • We do expect to announce material progress with net debt by the end of the fiscal year 2022.
  • To be prudent, however, we maintain unchanged our Management Statement on Going Concern as last updated in our 2021 Annual Report.
  • THUNDERBIRD RESORTS, INC. CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Expressed in thousands of United States dollars) for the half-year ended June 30, 2022, were approved by the Board of Directors on September 29, 2022, and are contained in the Half-year Report for 2022 posted at www.thunderbirdresorts.com.