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Pioneer Merger Corp. Announces Closing of $402.5 Million Initial Public Offering

Pioneer Merger Corp. Announces Closing of $402.5 Million Initial Public Offering

NEW YORK–(BUSINESS WIRE)–
Pioneer Merger Corp. (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced that it closed its initial public offering of 40,250,000 units at a price of $10.00 per unit, which includes the exercise in full by the underwriter of its option to purchase an additional 5,250,000 units. Total gross proceeds from the offering are $402,500,000, before deducing underwriting discounts and commissions and other offering expenses. Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. The units are listed on the Nasdaq Capital Market under the symbol “PACXU.” Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Capital Market under the symbols “PACX” and “PACXW,” respectively.

Pioneer Merger Corp., sponsored by an affiliate of Falcon Edge Capital and Patriot Global Management, is led by Chairman Jonathan Christodoro, Co-Presidents Rick Gerson and Oscar Salazar, Chief Executive Officer Ryan Khoury and Directors Mitch Caplan and Todd Davis. The Company intends to leverage its leadership team’s experiences to create significant long-term value for the Company’s shareholders. The team’s experiences include: Oscar Salazar as co-founder of Uber, Todd Davis as co-founder and former CEO of Lifelock, Mitchell Caplan as former CEO of E*Trade and Jonathan Christodoro as a director at PayPal, Lyft, Xerox, Hologic, eBay and other technology based public companies. While the Company intends to pursue large scale disruption opportunities in the technology and consumer sectors, the Company will not be limited to a particular industry or geographic region in its identification and acquisition of a target company.

Citigroup Global Markets Inc. is serving as the sole book-running manager for the offering.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Telephone: 1-800-831-9146.

A registration statement relating to the securities became effective on January 7, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Note Concerning Forward-Looking Statements

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. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

For Investors:

David Hilbert, Head of Business Development

Tel: (212) 803-9080

Email: [email protected]

For Media:

Jonathan Gasthalter/Nathaniel Garnick

Gasthalter & Co.

(212) 257-4170

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Consulting Banking Professional Services Finance

MEDIA:

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BTBT SECURITIES FRAUD INVESTIGATION: Hagens Berman Investigating Bit Digital (BTBT) for Possible Securities Law Violations, Encourages BTBT Investors and Persons Who May be Able to Assist to Contact its Attorneys Now

SAN FRANCISCO, Jan. 12, 2021 (GLOBE NEWSWIRE) — Hagens Berman notifies investors in Bit Digital, Inc. (NASDAQ: BTBT) of the firm’s investigation into possible securities law violations. Certain investors with losses may have valuable claims and are encouraged to submit their losses now. The firm also encourages persons who may be able to assist the investigation to contact the firm.

Visit:
www.hbsslaw.com/investor-fraud/BTBT

Contact An Attorney Now:

[email protected]

844-916-0895

Bit Digital, Inc. (BTBT) Investigation:

The investigation centers on whether Bit Digital may have misled investors about the company’s bitcoin mining activities.

More specifically, on Jan. 11, 2021, market analyst J Capital Research issued a scathing report about the company, concluding that Bit Digital operates “a fake crypto currency business” “designed to steal funds from investors.”

According to J Capital, “[t]he company reported at end Q3 2020 that it was operating 22,869 bitcoin miners in China,” but that “is simply not possible” and “[w]e verified with local governments supposedly hosting the BTBT mining operation that there are no bitcoin miners there.”

“We’re focused on investor losses and whether Bit Digital may have faked its business,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a Bit Digital investor or have information that may assist our investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Bit Digital should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].


About Hagens Berman


Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895



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The Peck Company Holdings, Inc. Closes $10.5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

The Peck Company Holdings, Inc. Closes $10.5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

Establishing a solid foundation to execute the long-term growth plan

SOUTH BURLINGTON, Vt.–(BUSINESS WIRE)–
The Peck Company Holdings, Inc. (Nasdaq: PECK) (Peck or the “Company”) today announced it has closed a registered direct offering of 840,000 shares of its common stock at a purchase price of $12.50. The gross proceeds of the offering are approximately $10,500,000 before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for general corporate purposes, including, among other things, working capital, product development, acquisitions, capital expenditures, and other business opportunities.

Jeffrey Peck, Chairman of the Board and CEO, commented, “We have been serving our customers for nearly 50 years, and entering the public market in 2019 was part of our long-term growth strategy. We have grown revenue for our EPC business, established a green bond partnership to finance developmental projects to support our recurring revenue, and now we are about to re-brand as ‘iSun Energy’ and launch innovative products in the electric vehicle and other markets. We have been disciplined in the management of our balance sheet and feel this opportunity will support our strategic initiatives while increasing overall shareholder value.”

A.G.P./Alliance Global Partners acted as sole placement agent for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333- 251154) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at [email protected]. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Peck

Headquartered in South Burlington, VT, The Peck Company Holdings, Inc. is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, the Company provides EPC services to solar energy customers for projects ranging in size from several kilowatts for residential properties to multi-megawatt systems for large commercial and utility scale projects. The Company has installed over 200 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities. Please visit www.peckcompany.com for additional information.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as “may,” “should,” “expects,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

The Peck Company Holdings Investor Contact:

Michael d’Amato

[email protected]

Phone: 802-264-2040

KEYWORDS: United States North America Vermont

INDUSTRY KEYWORDS: Architecture Utilities Oil/Gas Nuclear Coal Alternative Energy Energy Commercial Building & Real Estate Construction & Property Building Systems REIT Landscape Interior Design

MEDIA:

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Cowen Mourns the Passing of Director Jack H. Nusbaum

NEW YORK, Jan. 12, 2021 (GLOBE NEWSWIRE) — Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced with great sadness that Director Jack H. Nusbaum passed away unexpectedly on January 11, 2021.

Mr. Nusbaum has served as a member of Cowen’s Board since November 2009. He has been an advisor and friend to members of the Company’s leadership for over 30 years. Mr. Nusbaum was also a Senior Partner of the New York law firm of Willkie Farr & Gallagher LLP, serving as the firm’s Chairman from 1987 through 2009 and a partner in that firm for fifty years.

Jeffrey M. Solomon, Chair and Chief Executive Officer of Cowen, said, “All of us at Cowen are deeply saddened by the sudden passing of our long-time board member Jack Nusbaum. He was not only a trusted advisor and good friend; he was a member of our family. His wise counsel, intuitive insights and moral compass have made us a better organization over the past decade. His mentorship and guidance have been a constant in my life for over 30 years. We will miss his positivity, candor and larger-than-life presence. We extend our deepest sympathies to his family and friends.”

About Cowen Inc.

Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. The Company’s broker dealer division offers investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing and commission management services. Cowen’s investment management segment offers actively managed alternative investment products. Cowen Inc. focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the firm is headquartered in New York and has offices worldwide. Learn more at Cowen.com.

© 2021 Cowen Prime Services LLC Member FINRA/SIPC. All Rights Reserved

Media Contacts:

Gagnier Communications
Dan Gagnier
646-569-5897
[email protected]



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SHAREHOLDER ALERT: WeissLaw LLP Investigates Cantel Medical Corp.

PR Newswire

NEW YORK, Jan. 12, 2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Cantel Medical Corp. (“CMD” or the “Company”) (NYSE: CMD) in connection with the proposed acquisition of the Company by STERIS plc (“STERIS”) (NYSE: STE).  Under the terms of the merger agreement, STERIS will acquire CMD in a mixed cash-and-stock transaction, pursuant to which CMD shareholders will receive $16.93 in cash and 0.33787 of a STERIS ordinary share for each CMD share that they own, representing implied per-share merger consideration of approximately $84.66 based upon STERIS’ January 11, 2021 closing price of $200.46. 


If you own CMD shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:


https://www.weisslawllp.com/CMD/


Or please contact:



Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

WeissLaw LLP is investigating whether CMD’s board acted in the best interest of CMD’s public shareholders in agreeing to the proposed transaction, whether the merger consideration adequately compensates CMD’s shareholders, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to CMD’s public shareholders.  Notably, at least one analyst has set a price target for the company of $100.00, approximately $15.00 above the implied per-share merger consideration.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

 

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SOURCE WeissLaw LLP

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American National Bank & Trust Company Opens Raleigh Location

RALEIGH, N.C., Jan. 12, 2021 (GLOBE NEWSWIRE) — American National Bank and Trust Company has opened its Raleigh office at 3700 Glenwood Avenue following an announcement in late 2019 stating its plans to move into the Raleigh market.

American National has a team of local commercial relationship managers who have been actively serving customers throughout the Triangle area. The team has been working from temporary space as it searched for the right office location. The new suite occupies 3,640 square feet on the third floor of the 3700 Glenwood office building at the intersection of I-440 and Glenwood Avenue.

Cindy Vogler serves as the NC Triangle Market President for American National Bank & Trust Company. Vogler, a longtime Raleigh and Cary resident and graduate of the University of North Carolina, has more than 35 years of banking experience. American National’s local community banking team also includes Ryan Mitchell and Bryan Roberson, both Commercial Relationship Managers as well as Jami Twisdale, Portfolio Manager and Gioia O’Connell, Customer Support Manager. The team provides a full range of commercial banking services to area businesses.

Headquartered in nearby Danville, Virginia since 1909, American National Bank & Trust Company prides itself on dedicated people and responsive service. With the opening of the Raleigh office, the bank now has 26 locations in Virginia and North Carolina.

“We’ve successfully served our customers in many new and different ways during 2020,” remarked Cindy Vogler. “Our team looks forward to having a dedicated space in a great location so we can more conveniently serve our customers, while welcoming new businesses and nonprofit organizations to American National.”

About American National

American National is a multi-state bank holding company with total assets of approximately $2.9 billion. Headquartered in Danville, Virginia, American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving Virginia and North Carolina with 26 banking offices. American National Bank also manages an additional $884 million of trust, investment and brokerage assets in its Trust and Investment Services Division. Additional information about American National and American National Bank is available on American National’s website at www.amnb.com.

For more information, contact:

Carolyn B. Kiser

SVP, Director of Marketing & Community Affairs

American National Bankshares Inc.


[email protected]


540.278.1703 

 



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Bionano Genomics Announces Closing of $101.8 Million Underwritten Public Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares

SAN DIEGO, Jan. 12, 2021 (GLOBE NEWSWIRE) — BIONANO GENOMICS, INC. (Nasdaq: BNGO), announced today the closing of its previously announced underwritten public offering of 33,368,851 shares of its common stock, including 4,352,458 shares sold pursuant to the underwriters’ exercise in full of their option to purchase additional shares, at a price to the public of $3.05 per share. The gross proceeds to Bionano from the offering, before deducting underwriting discounts and commissions and offering expenses, were approximately $101.8 million.

Oppenheimer & Co. Inc. acted as the sole book-running manager for the offering. BTIG, LLC acted as the lead manager, and Ladenburg Thalmann & Co. Inc. and Maxim Group LLC acted as the co-managers.

The shares were offered pursuant to a “shelf” registration statement on Form S-3 (File No. 333-245762) previously filed on August 14, 2020 and declared effective by the Securities and Exchange Commission (SEC) on August 25, 2020. A final prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available on the website of the SEC at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to and describing the terms of the offering may be obtained from: Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, New York 10004, by telephone at 212-667-8055, or by email at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Bionano Genomics

Bionano is a genome analysis company providing tools and services based on its Saphyr system to scientists and clinicians conducting genetic research and patient testing, and providing diagnostic testing for those with autism spectrum disorder (ASD) and other neurodevelopmental disabilities through its Lineagen business. The Saphyr system is comprised of an instrument, chip consumables, reagents and a suite of data analysis tools, and genome analysis services to provide access to data generated by the Saphyr system for researchers who prefer not to adopt the Saphyr system in their labs.

CONTACTS

Company Contact:

Erik Holmlin, CEO
Bionano Genomics, Inc.
+1 (858) 888-7610
[email protected]

Investor Relations Contact:

Ashley R. Robinson
LifeSci Advisors, LLC
+1 (617) 430-7577
[email protected]



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Empowerment & Inclusion Capital I Corp., the First Purpose-Driven SPAC Focused on Acquiring a Diverse or Inclusive Business, Sponsored by The PNC Financial Services Group, Inc. and Jefferies Financial Group Inc., Announces Closing of Upsized $276 Million Initial Public Offering

PR Newswire

NEW YORK, Jan. 12, 2021 /PRNewswire/ — Empowerment & Inclusion Capital I Corp. (NYSE: EPWR.U) (the “Company”) announced today the closing of its initial public offering of 27,600,000 units, including 3,600,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option.  The offering was priced at $10.00 per unit, resulting in gross proceeds of $276,000,000. The units began trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “EPWR.U” on January 8, 2021. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of the Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and the warrants are expected to be listed on the NYSE under the symbols “EPWR” and “EPWR WS,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

The Company is a special-purpose acquisition company with the unique, purpose-driven mission to acquire a diverse-led business or a business focused on promoting an inclusive economy and society.

The Company is being sponsored by a subsidiary of The PNC Financial Services Group, Inc. (“PNC”) and Jefferies Financial Group Inc. (“Jefferies”), who will leverage their sourcing, structuring and execution capabilities to help Empowerment & Inclusion Capital identify and acquire a diverse or inclusive business and provide strategic advice in support of its ongoing growth and success to create shareholder value.

To share in that value creation, PNC and Jefferies intend to each donate all of their respective founders shares and warrants to initiatives supporting the economic empowerment and inclusion of underrepresented groups.

Former Congressman and Vice Chairman of PNC’s Corporate & Institutional Banking group Harold Ford Jr. serves as Chairman and Chief Executive Officer of the Company.

“We have assembled a highly diverse, experienced and connected management team and board that, along with our sponsors, will help drive our purpose-driven mission – to deliver significant shareholder value while also promoting racial equity and a shift to a more inclusive economy and society,” said Ford. “While our SPAC’s approach is traditional – find a great, well-run company and build enduring shareholder value – our mission is extraordinary: take all of the profits from our acquisition and invest them in initiatives supporting the economic empowerment and inclusion of underrepresented groups.”

Ford is joined by Virginia (Ginnie) Henkels, former Executive Vice President and Chief Financial Officer of Swift Transportation, who serves as Chief Financial Officer and Secretary, along with a diverse and experienced board comprised of Richard Bynum, Chief Corporate Responsibility Officer of PNC; Marjorie Rodgers Cheshire, President and COO of A&R Development; Laura Long, Deputy General Counsel, M&A of PNC; Stephanie Philips, former Partner at Arnold & Porter; Gagan Singh, Chief Investment Officer of PNC; Margaret (Peg) Smith, former Executive Vice President and Head of Investor Relations at Experian; Toni Townes-Whitley, President of U.S. Regulated Industries at Microsoft; and Andrea Zopp, incoming executive at Cleveland Avenue and former President and CEO of World Business Chicago.

Jefferies LLC and Siebert Williams Shank & Co., LLC acted as the joint bookrunning managers for the offering, and Academy Securities, Inc., Blaylock Van, LLC, C.L. King & Associates, Inc., Loop Capital Markets LLC and Samuel A Ramirez & Company, Inc. acted as joint bookrunners.

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at 1-877-821-7388 or by email at [email protected].

Registration statements relating to the securities became effective on January 7, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

More information about the Company, including a link to its SEC filing can be found here: https://www.empowermentandinclusion.com/. 


Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of such filings are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contacts

MEDIA:

Marcey Zwiebel

(412) 762-4550
[email protected] 

OTHER INQUIRIES:
(212) 468-8655

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SOURCE Empowerment & Inclusion Capital I Corp.

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Greenbrook TMS Provides Update on Share Consolidation and Appointment of Stephan Roker to the Board

Greenbrook TMS Provides Update on Share Consolidation and Appointment of Stephan Roker to the Board

TORONTO–(BUSINESS WIRE)–
Greenbrook TMS Inc. (TSX: GTMS) (“Greenbrook” or the “Company”) is pleased to announce that its shareholders have approved a special resolution for an amendment to the Company’s articles and has authorized a consolidation (the “Share Consolidation”) of the Company’s outstanding common shares (“Common Shares”). The resolution was approved at the special meeting of shareholders held earlier today (the “Special Meeting”).

Share Consolidation

At the Special Meeting, Greenbrook’s shareholders approved the Share Consolidation on the basis of a ratio that will permit the Company to qualify for a potential secondary listing on the NASDAQ Stock Market LLC (“NASDAQ”). The Share Consolidation was approved by approximately 99.96% of the votes cast by Greenbrook shareholders eligible to vote at the Special Meeting.

The board of directors of the Company (the “Board”) intends to implement the Share Consolidation on the basis of one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares and has selected February 1, 2021 as the effective date for the Share Consolidation (the “Effective Date”). The Common Shares are expected to begin trading on a post-consolidation basis on the Toronto Stock Exchange (the “TSX”) on or about February 4, 2021 under its current trading symbol “GTMS”, subject to final approval from the TSX.

No fractional Common Shares will be issued as a result of the Share Consolidation. Any fractional interest in Common Shares that would otherwise result from the Share Consolidation will be rounded up to the next whole Common Share, if the fractional interest is equal to or greater than one-half of a Common Share, and rounded down to the next whole Common Share if the fractional interest is less than one-half of a Common Share. The exercise price and number of Common Shares issuable upon the exercise of outstanding stock options, warrants or other convertible securities will be proportionately adjusted to reflect the Share Consolidation in accordance with the terms of such securities.

Further details regarding the Share Consolidation are provided in the Company’s management information circular dated December 4, 2020 (the “Circular”).

Letters of transmittal with respect to the Share Consolidation were mailed to registered shareholders with the Circular on or about December 15, 2020 advising that, following the effectiveness of the Share Consolidation, registered shareholders should surrender their existing share certificates (representing pre-consolidation Common Shares) for replacement share certificates (representing post-consolidation Common Shares). Until surrendered, each existing share certificate will be deemed as of the Effective Date, for all purposes, to represent the number of Common Shares to which the holder thereof is entitled as a result of the Share Consolidation.

Registered shareholders may obtain copies of the letter of transmittal by contacting Greenbrook’s transfer agent, Computershare Investor Services Inc., or under Greenbrook’s profile on SEDAR at www.sedar.com.

Non-registered shareholders who hold their Common Shares through an intermediary such as a bank, trust company, securities dealer or broker should note that these intermediaries may have their own procedures for processing the Share Consolidation which may differ from those described above for registered shareholders. Non-registered shareholders who have questions should contact their intermediary for more information.

Greenbrook has applied to list the Common Shares on NASDAQ under the symbol “GBNH.” Completion and timing of the proposed listing on NASDAQ is dependent upon satisfaction of all necessary listing requirements and completion of review by the U.S. Securities and Exchange Commission, but is currently targeted for early 2021. The Company will provide further updates in due course.

In addition to the Share Consolidation, at today’s Special Meeting shareholders also approved amendments to the Company’s by-laws to, among other things, increase the quorum requirement for shareholder meetings, as well as an amendment to the Company’s articles to allow the Board to appoint additional directors not exceeding one third of the number of directors elected at the previous annual meeting of shareholders. Each of these amendments were approved by approximately 99.99% of the votes cast by all Greenbrook shareholders eligible to vote at the Special Meeting. Further details regarding these amendments are provided in the Circular.

Board Appointment

Greenbrook is also pleased to announce the appointment of Stephan Roker to the Board, effective immediately. The appointment of Mr. Roker increases the size of the Board to nine members.

Mr. Roker has over 20 years of executive leadership experience. His management experience spans a range of functions including Sales & Marketing, Operations Management, Business Process Improvement, and Strategy. Previously, he was Senior Vice President of Service Operations at Independence Blue Cross where he led business functions such as Enrollment, Benefits, Claims, Customer Service, Appeals, Quality Assurance, and Vendor Management. Prior to joining Independence Blue Cross, Mr. Roker was Senior Vice President for Bank of America Card Services, where he was responsible for risk management, underwriting, and U.S. credit and business cards lines of credit.

Mr. Roker currently serves as board chair of EducationWorks, a non-profit organization committed to helping Philadelphia area students and their families in economically disadvantaged communities. He also serves on the board of Devereux Advanced Behavioral Health, a non-profit organization committed to helping children and adults with behavioral health challenges, and on the board of Brighter Horizon Foundation, a non-profit organization that provides college scholarships to high school students. Mr. Roker received a Bachelor of Arts degree in Political Science from the State University of New York at Stony Brook and a Master of Business Administration degree from the New York Institute of Technology.

About Greenbrook TMS Inc.

Operating through 125 Company-operated treatment centers, Greenbrook is a leading provider of Transcranial Magnetic Stimulation (“TMS”) therapy, an FDA-cleared, non-invasive therapy for the treatment of Major Depressive Disorder and other mental health disorders, in the United States. TMS therapy provides local electromagnetic stimulation to specific brain regions known to be directly associated with mood regulation. Greenbrook has provided more than 510,000 TMS treatments to over 14,000 patients struggling with depression.

Cautionary Note Regarding Forward-Looking Information

Certain information in this press release, including with respect to the Effective Date of the Share Consolidation, receipt of final approval from the TSX, the date that Greenbrook expects the Common Shares to commence trading on a post-consolidation basis, and the proposed listing on NASDAQ, constitute forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events.

Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the “Risk Factors” section of the Company’s current annual information form available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

Glen Akselrod

Investor Relations

Greenbrook TMS Inc.

Contact Information:

[email protected]

1-855-797-4867

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Managed Care Health Mental Health Other Health

MEDIA:

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Mount Logan Capital Inc. Announces Appointment of New Chief Financial Officer

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Jan. 12, 2021 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” or the “Company”) announces that Chief Financial Officer and Corporate Secretary Edward (Ted) Gilpin has communicated his plans to retire and that Jason T. Roos will succeed him as the Company’s Chief Financial Officer and Corporate Secretary effective as of March 1, 2021. Mr. Gilpin will remain Chief Financial Officer and Corporate Secretary through March 1, 2021 to ensure a smooth transition, following which Mr. Roos will formally assume these positions.

“It’s been my pleasure to serve as the Company’s Chief Financial Officer during a time that the Company continued to grow and scale its business and accelerate its transition to an asset light business model,” said Mr. Gilpin.

“Ted became Chief Financial Officer in October 2019 and brought a wealth of experience from his more than 30 year career which included senior positions at various public and private organizations, including most recently as Chief Financial Officer and Treasurer at Portman Ridge Finance Corporation, a Nasdaq listed, closed-end, externally managed, business development company in the U.S., a position which Ted will concurrently be retiring from,” said Ted Goldthorpe, the Company’s Chief Executive Officer. “I personally want to thank Ted for being a trusted advisor and business partner, and for his leadership, significant contributions and personal dedication the Company during a critical period of growth and execution of the Company’s business strategy.”

“We are confident that Jason’s years of experience spent in senior financial roles will be integral to the Company as we continue grow and strengthen our business over the coming years,” commented Mr. Goldthorpe.

Mr. Roos joined BC Partners LLP in May 2020 and brings nearly 20 years of experience in financial roles, most recently as Credit Product CFO, where he is responsible for the integrity and accuracy of financial reporting and the overall control environment of the credit business. Prior to joining BC Partners, Mr. Roos served in various roles with Wells Fargo & Company from 2011 to 2020, including serving as Controller for Wells Fargo’s investment bank and institutional broker dealer, Wells Fargo Securities. Prior to that, from 2002 to 2011, Mr. Roos provided audit and advisory services to financial institutions at PricewaterhouseCoopers LLP. Mr. Roos earned his B.A. in accounting and finance from the University of Northern Iowa and is a Certified Public Accountant registered in New York, Iowa, and Minnesota.

About Mount Logan Capital Inc.

Mount Logan Capital Inc. is an alternative asset management company that is focused on public and private debt securities in the North American market. The Company seeks to source and actively manage loans and other debt-like securities with credit-oriented characteristics. The Company actively sources, evaluates, underwrites, monitors and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.

Cautionary Notes

This press release contains forward-looking statements and information within the meaning of applicable securities legislation (collectively referred to herein as “

forward-looking statements

”). Forward-looking statements can be identified by the expressions “seeks”, “expects”, “believes”, “estimates”, “will”, “target” and similar expressions. The forward-looking statements are not historical facts, but reflect the current expectations of management of the Company regarding future results or events and are based on information currently available to them. Certain material factors and assumptions were applied in providing these forward-looking statements. The forward-looking statements discussed in this
press release may include, but are not limited to, statements relating to the Company’s transition to an asset-light business model, statements relating to the growth and scale of the Company’s business, statements relating to the timing for the appointment of the new Chief Financial Officer and Corporate Secretary and statements relating to the business and future activities of the Company. All forward-looking statements in this press release are qualified by these cautionary statements. The Company believes that the expectations reflected in forward-looking statements are reasonable based on upon the information available at the time such information was given; however, the Company can give no assurance that the actual results or developments will be realized by certain specified dates or at all. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including that the Company has a limited operating history with respect to an asset-light business model
as well as
the matters discussed under “Risk Factors” in the most recently filed annual information form and management’s discussion and analysis for the Company. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. The forward-looking statements in this press release are made as of the date of this press release.

This press release is not, and under no circumstances is it to be construed as, a prospectus or an advertisement, and the communication of this press release is not, and under no circumstances is it to be construed as, an offer to sell or a solicitation of an offer to purchase securities of the Company. This press release is not intended for U.S. persons. The Company’s shares are not and will not be registered under the U.S. Securities Act of 1933, as amended, and the Company is not and will not be registered under the U.S. Investment Company Act of 1940 Act (the “1940 Act”). U.S. persons are not permitted to purchase the Company’s shares absent an applicable exemption from registration under each of these Acts. In addition, the number of investors in the United States, or which are U.S. persons or purchasing for the account or benefit of U.S. persons, will be limited to such number as is required to comply with an available exemption from the registration requirements of the 1940 Act.

For additional information, please contact:

Edward Gilpin, Chief Financial Officer and Corporate Secretary
[email protected]