Market Newsdesk

NEWPORT BEACH, Calif., Nov. 12, 2020 /PRNewswire/ — Landsea Homes, a Newport Beach-based homebuilder, has launched a new High Performance Homes (HPH) interactive experience. The new program allows homebuyers to visualize and virtually experience every element and feature of the HPH program, from home automation to sustainability and energy savings.

“Long before our homes are built, forward thinking goes into every design detail,” said Peter Beucke, vice president of sustainability and innovation at Landsea Homes. “As a leader in the industry, our homes are designed to the highest standard, and we want our buyers to be able to experience that advantage before they even set foot in their new home. With the new HPH interactive experience, we’re giving buyers an elevated and innovative virtual glimpse into how much healthier, safer and more comfortable their home will be.”  

All of Landsea Homes’ High Performance Homes are more connected and convenient than ever. Supported by a partnership with leading technology company, Apple®, the homes utilize the Apple HomeKit™ environment to operate all home automation features from one mobile application. The smart home automation features, installed and compatible with Apple HomeKit™, include an Apple TV® media manager device, MeshNet wireless internet throughout the home, entry door locks, thermostat control, garage door opener control, light dimmer switches, doorbell camera pre-wire and high-touch customer service with an individualized white glove training session.

Landsea Homes includes various features that contribute to healthy living, including appliances that reduce energy waste and tankless water heaters that generate hot water in a faster timeframe. The use of environmentally-conscious building materials and the implementation of waste-reduction programs help preserve and protect the beauty of the natural world and lessen the impact on the planet.

With each High Performance Home, the homebuyer is provided with enhanced insulation, more efficient mechanical systems, ENERGY STAR® rated appliances and LED lighting. The cost-in-use features lower monthly bills and encourages environmental awareness and stewardship.

For over five years, Landsea Homes has positioned itself as a leader in new-home innovation and technology that is committed to sustainable building practices. A multitude of energy-efficient, sustainable and environmentally-friendly practices were instituted, resulting in a lighter environmental impact, lower resource consumption and reduced carbon footprint.

Landsea Homes has announced plans to merge with LF Capital Acquisition Corp. (NASDAQ: LFAC), which would make Landsea a public company in the fourth quarter of 2020.

For more information, visit https://landseahomes.com/hph.  

About Landsea Homes

Landsea Homes is a California-based homebuilding company that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation’s most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, northern California and southern California.

An award-winning homebuilder that builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities, Landsea Homes is known for creating inspired places that reflect modern living and provides homebuyers the opportunity to “Live in Your Element”.  Our homes allow people to live where they want to live, how they want to live – in a home created especially for them. 

Driven by a pioneering commitment to sustainability, Landsea Homes’ Performance collection features homes that are responsibly designed to take advantage of the latest innovations with home automation technology supported by Apple®.  Homes in this collection include features that make life easier and provide energy savings that allow for more comfortable living at a lower cost through sustainability features that contribute to healthier living for both homeowners and the planet. 

Our Garrett-Walker collection offers unique, affordably priced and value-based single-family homes in some of the nation’s fastest growing and most desirable markets. Homebuyers enjoy the confidence of owning a quality home that provides lasting value.  One of the most trusted brands in the region, this collection continues to attract everyone from first-time homeowners to those seeking more room for their growing families.

Led by a veteran team of industry professionals who boast years of worldwide experience and deep local expertise, Landsea Homes is committed to positively enhancing the lives of our homebuyers, employees and stakeholders by creating an unparalleled lifestyle experience that is unmatched.

For more information on Landsea Homes, visit: www.landseahomes.com.  

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SOURCE Landsea Homes

SAN FRANCISCO, Nov. 12, 2020 /PRNewswire/ — Schubert Jonckheer & Kolbe LLP announces that it has filed a class action lawsuit in the U.S. District Court for the District of Arizona against Nikola Corporation (NASDAQ: NKLA) for violations of the federal securities laws, captioned Eves v. Nikola Corporation, et al., No. 2:20-at-99911. Investors with losses in Nikola stock are encouraged to contact the firm.

Nikola, headquartered in Phoenix, Arizona, describes itself as a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure. On September 10, 2020, Hindenburg Research (“Hindenburg”), a company that specializes in forensic financial research, published a scathing report entitled “Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America.” The Hindenburg report indicated that Hindenburg had gathered “extensive evidence—including recorded phone calls, text messages, private emails and behind-the scenes photographs.” The Hindenburg report represented that it had identified “dozens of false statements by” founder and chairman Trevor Milton.

On this news, the Company’s stock price fell $4.80 per share, or 11.33%, to close at $37.57 per share on September 10, 2020. The stock continued to fall on this news to a September 11, 2020 close of $32.13 per share, a two day drop of approximately 24%.

On September 14, 2020, after the markets had closed, Bloomberg reported that the U.S. Securities and Exchange Commission was investigating Nikola to assess the merits of the Hindenburg report. On September 14, 2020, Nikola issued a response to the Hindenburg report attempting to deny some, but not all, of the allegations. Then, on September 15, 2020, the Wall Street Journal reported that the U.S. Department of Justice was also investigating Nikola. Also on September 15, 2020, Hindenburg released a second report addressing Nikola’s response, including highlighting many of the allegations by Hindenburg that Nikola had failed to dispute.

On this news, Nikola’s stock fell an additional $0.17 per share during intraday trading, to close at $32.83 on September 15, 2020, an 8.27% decline from its previous close on September 14, 2020.

The Schubert Firm is investigating legal claims for shareholder losses. For more information, please visit our website at http://www.classactionlawyers.com/Nikola. If you suffered $200,000 or more in losses in Nikola stock and wish to obtain additional information about shareholder claims and your legal rights, please contact us today.

About Schubert Jonckheer & Kolbe

Schubert Jonckheer & Kolbe represents shareholders, employees, and consumers in class actions against corporate defendants, as well as shareholders in derivative actions against their officers and directors. The firm is based in San Francisco, and with the help of co-counsel, litigates cases nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact

Willem F. Jonckheer

Schubert Jonckheer & Kolbe LLP
[email protected] 
Tel: 415-788-4220

 

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SOURCE Schubert Jonckheer & Kolbe LLP

UNION, N.J., Nov. 12, 2020 /PRNewswire/ — Bed Bath & Beyond® (NASDAQ: BBBY) unveiled a new Cozy Backyard Holiday collection today, curated to inspire customers to ‘enjoy the present’ with ideas to create a winter wonderland at home. The Cozy Backyard Holiday collection created by our design team at Decorist will offer a curated assortment of furnishings and décor, expert tips, and design inspiration for families to safely celebrate traditions with a twist by entertaining outdoors this holiday season.  

Bed Bath & Beyond is the destination to unlock the magic in every room both inside and outside the home. This year, outdoor living spaces have been a place of solace to spend socially distanced time with friends and family and our recently commissioned market research shows that nearly a quarter (23%) of Americans are planning to celebrate the holidays outdoors this year. ¹ We have also seen a significant rise in demand for outdoor furniture, heating and lighting, including over a 100% increase in customer searches for firepits in October from our digital store. In October, pinners searching for “outdoor Thanksgiving” increased by 139% on Pinterest compared to the same period in 2019.

Cindy Davis, Executive Vice President and Chief Brand Officer of Bed Bath & Beyond and President of Decorist said, “At a time when our homes are the epicenter of our lives, outdoor living spaces have been an important place to enjoy time with friends and family safely. We know many customers want to extend the outdoor living season through the winter, so they can enjoy traditions with a twist this year. We’ve pivoted quickly to create our Cozy Backyard Holiday collection, with the help of our Decorist designers, to inspire shoppers to find everything they need to warm-up and cozy-up their outdoor spaces this season. We’re also making it faster, safer and easier than ever to shop through our new Buy-Online-Pickup-In-Store, Curbside Pickup and Same Day Delivery services.”

Decorist designer Sarah Ramirez has created a multi-purpose environment with distinct zones for dining and lounging, and offers easy tips for turning your outdoor space into a cozy, cold-weather wonderland:

• Create Distinct Entertaining Zones: A geometric-pattern outdoor rug is the foundation for the intimate fire pit seating area, which is equipped with all the essentials for a relaxing winter evening: comfy pillows, knitted throws, elegant hurricane lanterns, and baskets filled with firewood. Beyond it, a dining table and chairs with a transitional slatted design look just as handsome outdoors as they do when seen from inside.
• Add Some Color and Style: These days you can find a sturdy outdoor rug to fit any style. A simple outdoor rug will define your space while adding extra softness, warmth, and texture.
• Good Lighting Is Key: Skip the porchlights. Your choice of lighting is crucial for setting the right mood. Nostalgic flameless candles brighten corners and lift spirits. Hang rustic lanterns from branches and use them in tablescapes. Introduce shimmering surprises by tossing jumbles of fairy lights into shrubs, oversize glass vases, and other dark spots. The options are endless—and so Instagrammable.
• Make It Cozy: Is there anything more luxurious than a warm fleece or wool throw on a cold night? A colorful array of throw blankets brings indoor comfort outside.
• Fortify Your Oven-to-Table Arsenal: Dutch ovens and other enameled baking dishes that go straight from oven to table are a huge timesaver – both at serving and cleanup time. Plan your menu with festive and gorgeous pieces from Artisanal Kitchen Supply®, Staub, and LeCreuset in mind. If you need to round out your collection with one or two new pieces, consider it a great investment.
• Make Room: A patio pergola or gazebo makes a great frame for an instant outdoor “room.” Many models include canopies that allow for ventilation while shielding guests from the elements. Note that some of these summer staples aren’t built to bear the weight of snow, so proceed with caution if you live in a snow zone.

The new winter Cozy Backyard Holiday collection is yet another way Bed Bath & Beyond is helping bring a little holiday magic back this season. 

Bed Bath & Beyond is offering inspirational ideas and products with incredible value throughout the holidays on everything from seasonal décor to home essentials or thoughtful gifts. Bed Bath & Beyond will also help customers spend more time celebrating with loved ones this year, with hassle-free, fast and convenient omnichannel shopping services like free Buy-Online-Pickup-In-Store and Curbside Pickup, as well as the newly introduced Same Day Delivery service. The Same Day Delivery service is available at a flat rate fee of $4.99 for orders over $39, providing an easy, convenient and affordable option for customers this year that is perfect for last minute gifts and entertaining essentials.

For more details on Bed Bath & Beyond® holiday savings, visit https://www.bedbathandbeyond.com/.

About Bed Bath & Beyond:
Bed Bath & Beyond Inc. and subsidiaries (the “Company”) is an omnichannel retailer that makes it easy for our customers to feel at home. The Company sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.

About Decorist:

Decorist is an online interior design company that makes decorating a home easy and affordable. Executed entirely online, Decorist’s roster of over 400 professional interior designers help beautifully design any room in the home, staying within a client’s style and budget. And for customers not ready to start a full design project, they can consult Decorist’s Design Bar to have quick design questions answered by Decorist’s team of interior designers, completely free of charge. The company is a subsidiary of Bed Bath & Beyond Inc. 

¹ Based on an online survey of 1,003 people aged 18+ in the United States, conducted by Kelton Global, a Material Company, for Bed Bath & Beyond 

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SOURCE Bed Bath & Beyond

HOUSTON, Nov. 12, 2020 /PRNewswire/ — CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) (“CNS” or the “Company”), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers of the brain and central nervous system, today announced its presentation to discuss the clinical trial design for its upcoming Phase 2 U.S. trial for Berubicin, its lead drug candidate for the treatment of glioblastoma multiforme (GBM), will be available via webcast today at 4:30pm ET. The discussion will be moderated by Robert LeBoyer, Managing Director of Equity Research at Ladenburg Thalmann & Co., Inc.

The Company plans to submit an Investigational New Drug (IND) application to the U.S. Food & Drug Administration (FDA), which includes a novel clinical trial designed to build on the encouraging results observed in a prior Phase 1. The Phase 2 trial will randomize patients to Berubicin or standard of care. This upcoming trial will include interim assessments that will evaluate the comparative safety and effectiveness of these treatments with an adaptive design intended to complete a thorough investigation into Berubicin as expeditiously as possible.

Details of the webcast are below:

Date:                     November 12^th, 2020
Time:                     4:30 PM ET
Link:                       https://cnspharma.com/webcast-november-2020/

About CNS Pharmaceuticals, Inc.

CNS Pharmaceuticals is developing novel treatments for primary and metastatic cancers of the brain and central nervous system. Its lead drug candidate, Berubicin, is proposed for the treatment of glioblastoma multiforme (GBM), an aggressive and incurable form of brain cancer. CNS holds a worldwide exclusive license to the Berubicin chemical compound and has acquired all data and know-how from Reata Pharmaceuticals, Inc. related to a completed Phase 1 clinical trial with Berubicin in malignant brain tumors, which Reata conducted in 2006. In this trial the overall response rate of stable disease or better was 44%. This 44% disease control rate was based on 11 patients (out of 25 evaluable patients) with stable disease, plus responders. One patient experienced a durable complete response and remains cancer-free as of Feb. 20, 2020. These Phase 1 results represent a limited patient sample size and, while promising, are not a guarantee that similar results will be achieved in subsequent trials. By the end of 2020, CNS expects to commence a Phase 2 clinical trial of Berubicin for the treatment of GBM in the U.S., while a sub-licensee partner undertakes a Phase 2 trial in adults and a first-ever Phase 1 trial in pediatric GBM patients in Poland. Its second drug candidate, WP1244, is a novel DNA binding agent that has shown in preclinical studies that it is 500 times more potent than the chemotherapeutic agent daunorubicin in inhibiting tumor cell proliferation.

For more information, please visit www.CNSPharma.com.

Forward-Looking Statements

Some of the statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the ability of the Company to seek accelerated approval from the FDA of a New Drug Application (NDA) following the planned Berubicin trial. These statements relate to future events, future expectations, plans and prospects. Although CNS believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. CNS has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including those discussed under Item 1A. “Risk Factors” in CNS’s most recently filed Form 10-K filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this press release speak only as of its date. CNS undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

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SOURCE CNS Pharmaceuticals, Inc.

COLUMBUS, Ga., Nov. 12, 2020 /PRNewswire/ — Aflac Incorporated (NYSE: AFL) announced today that it will webcast its annual Financial Analysts Briefing on November 19, 2020 from 8:00 a.m. to 11:00 a.m. (ET). Aflac’s management will discuss its operations in Japan and the United States, along with capital management strategies and financial outlook, including with regard to the ongoing COVID-19 pandemic.

The presentations will be available via webcast, and you must register here prior to the event. Presentation slides will be posted on investors.aflac.com after the market closes on November 18, 2020, and an archive of the presentations will also be available on investors.aflac.com for two weeks following the conclusion of the webcast.

ABOUT AFLAC INCORPORATED
Aflac Incorporated (NYSE: AFL) is a Fortune 500 company, helping provide protection to more than 50 million people through its subsidiaries in Japan and the U.S., where it is a leading supplemental insurer by paying cash fast when policyholders get sick or injured. For more than six decades, insurance policies of Aflac Incorporated’s subsidiaries have given policyholders the opportunity to focus on recovery, not financial stress. Aflac Life Insurance Japan is the leading provider of medical and cancer insurance in Japan, where it insures 1 in 4 households. Fortune magazine recognized Aflac as one of the 100 Best Companies to Work for in America for 20 consecutive years. For 14 consecutive years, Aflac has been recognized by Ethisphere as one of the World’s Most Ethical Companies. In 2020, Fortune included Aflac Incorporated on its list of World’s Most Admired Companies for the 19th time, and Bloomberg added Aflac Incorporated to its Gender-Equality Index, which tracks the financial performance of public companies committed to supporting gender equality through policy development, representation and transparency. To learn how to get help with expenses health insurance doesn’t cover, get to know us at aflac.com.

FORWARD-LOOKING INFORMATION

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” to encourage companies to provide prospective information, so long as those informational statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those included in the forward-looking statements. The company desires to take advantage of these provisions. This document contains cautionary statements identifying important factors that could cause actual results to differ materially from those projected herein, and in any other statements made by company officials in communications with the financial community and contained in documents filed with the Securities and Exchange Commission (SEC). Forward-looking statements are not based on historical information and relate to future operations, strategies, financial results or other developments. Furthermore, forward-looking information is subject to numerous assumptions, risks and uncertainties. In particular, statements containing words such as “expect,” “anticipate,” “believe,” “goal,” “objective,” “may,” “should,” “estimate,” “intends,” “projects,” “will,” “assumes,” “potential,” “target,” “outlook” or similar words as well as specific projections of future results, generally qualify as forward-looking. Aflac undertakes no obligation to update such forward-looking statements.

The company cautions readers that the following factors, in addition to other factors mentioned from time to time, could cause actual results to differ materially from those contemplated by the forward-looking statements:

• the effects of COVID-19 and any resulting economic effects and government interventions on the Company’s business and financial results
• ability to attract and retain qualified sales associates, brokers, employees, and distribution partners
• events related to the Japan Post investigation and other matters
• competitive environment and ability to anticipate and respond to market trends
• difficult conditions in global capital markets and the economy
• deviations in actual experience from pricing and reserving assumptions
• ability to continue to develop and implement improvements in information technology systems
• defaults and credit downgrades of investments
• exposure to significant interest rate risk
• concentration of business in Japan
• limited availability of acceptable yen-denominated investments
• tax rates applicable to the Company may change
• failure to comply with restrictions on policyholder privacy and information security
• interruption in telecommunication, information technology and other operational systems, or a failure to maintain the security, confidentiality or privacy of sensitive data residing on such systems
• catastrophic events including, but not necessarily limited to, epidemics, pandemics (such as the coronavirus COVID-19), tornadoes, hurricanes, earthquakes, tsunamis, war or other military action, terrorism or other acts of violence, and damage incidental to such events
• ability to protect the Aflac brand and the Company’s reputation
• extensive regulation and changes in law or regulation by governmental authorities
• foreign currency fluctuations in the yen/dollar exchange rate
• decline in creditworthiness of other financial institutions
• significant valuation judgments in determination of amount of impairments taken on the Company’s investments
• U.S. tax audit risk related to conversion of the Japan branch to a subsidiary
• subsidiaries’ ability to pay dividends to the Parent Company
• decreases in the Company’s financial strength or debt ratings
• inherent limitations to risk management policies and procedures
• concentration of the Company’s investments in any particular single-issuer or sector
• differing judgments applied to investment valuations
• ability to effectively manage key executive succession
• changes in accounting standards
• level and outcome of litigation
• allegations or determinations of worker misclassification in the United States

Analyst and investor contact – David A. Young, 706.596.3264 or 800.235.2667 or [email protected]

Media contact – Catherine H. Blades, 706.596.3014; FAX: 706.320.2288 or [email protected]

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SOURCE Aflac Incorporated

SAN JOSE, Calif., Nov. 12, 2020 /PRNewswire/ — In the Spring of 2019, Maxim Integrated’s CEO, Tunç Doluca, took a bold step and released his first book titled, “Maximum Impact: Maxim’s Quiet Rise as Silicon Valley’s Most Prolific Analog Chip Maker.” This book chronicles Maxim Integrated’s founders along with the company’s growth over the past 37 years. While I am still considered a short timer at Maxim Integrated with 16 years of service, the Maxim Integrated story parallels the passion, inspiration and innovation that is woven into the very fabric of Silicon Valley.

This fabric provides the “it” factor for a company to set itself apart in the industry and gain the necessary momentum to succeed. The most successful companies set themselves apart from the pack with their fearless approach to challenging the status quo, their ability to execute their strategy and their drive to return shareholder value. Simply put, they are the ones who are “Being Bold.”

At Maxim Integrated, “Being Bold” continues to be our calling card in how we deliver industrial solutions that move intelligence to the edge while empowering smart automation. The Go-IO development platform introduced at electronica in November 2018 is a great example of delivering on this promise. This platform demonstrated Maxim Integrated’s latest digital IO, power and IO-Link® technology by implementing an industrial IoT solution to control and monitor Maxim Integrated’s soccer ball factory on the show floor using real-time health and status information delivered by these technologies. However, an astute editor asked during our pre-electronica 2018 press tour, “How does this ultra-small Go-IO module support analog IO?” At the time, I smiled and pointed to an empty 9mm x 9.5mm gold footprint on the Go-IO module in my hand and asked him to see me at electronica 2018 for a more detailed answer.

The reality at that time was, my team had developed a new revolutionary analog IO IC that we decided to road-test in secrecy on our Go-IO modules used to control the soccer ball factory for four days while processing over 1,000 soccer balls for 10 hours each day. The result: our new software-configurable analog IO solution proved it was up to the challenge as it delivered to the cloud thousands of cycles of vibration, temperature and IC diagnostic data during the show. That same editor who asked his fateful analog IO question was now at electronica, where I was able to show him the power of the Go-IO module in operation controlling the soccer ball factory and delivering diagnostic data about the health and status of the factory to the cloud. As I showed him the Go-IO module, he noticed the previously empty 9mm x 9.5mm gold footprint now was populated with a new IC that was masked so no one could see the part marking. This part was our new software-configurable analog IO solution that was being road-tested in our very demanding soccer ball factory on the floor of the Maxim Integrated booth. Over those four days at electronica, Maxim Integrated gained performance insights by battle-testing our new software-configurable analog IO solution.

So, in keeping with our promise of “Being Bold,” Maxim Integrated recently announced the industry’s first true software-configurable universal analog IO solution called the MAX22000. This new platform solution can operate as an independent 4x 24-bit universal analog input and a 1x 18-bit universal analog output or, when combined with our configurable digital IO companion solution MAX14914A, it provides the automation industry’s first true universal IO port that can operate over a common single 2-wire interface or support 4-wire RTD temperature / TC operation. This revolutionary product supports bipolar operation and requires <200mW of current for the complete single-channel universal analog IO + digital IO solution. This complete, compact, single-channel universal IO design requires <0.5 cubic inch of space and provides low-power operation to enable customers to pack eight software-configurable universal IO channels in a 3in x 5in x 0.25in size space (<4 cubic inches).

Achieving this new level of true 2-wire configurability provides process automation installers a common universal IO port that eliminates all wire marshalling burdens and the need to match the sensor to the correct IO port or module, as existing solutions require. Since the MAX22000 can determine if an analog sensor is a current or voltage mode sensor, this eliminates the need for a technician to physically re-wire ports. As a result, this reduces installation costs and provides an easy way to accommodate expansion needs over the lifetime of a facility by simply using these new universal ports on an industrial controller to adapt to any analog input, analog output, digital input or digital output sensor on command. 

Our new universal analog IO solution is just the latest example of how Maxim Integrated continues “Being Bold” to help you solve your toughest industrial application design challenges.

Click here for a video titled, “Intelligence at the Edge with Maxim Integrated’s Configurable IO-Link Solutions” as well as details about Maxim Integrated’s configurable IO-Link solutions.

This blog post can also be found at Maxim Integrated’s mgineer blog, which you can visit regularly to stay up-to-date on the latest analog and mixed-signal technologies, get tips to answer your design questions and gain insights into emerging design engineering trends.

 

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SOURCE Maxim Integrated Products, Inc.

WASHINGTON and SAN FRANCISCO, Nov. 12, 2020 /PRNewswire/ — Opportunity Finance Network (OFN) and Twitter (NYSE: TWTR) today announced the launch of the Finance Justice Fund, a new socially responsible investment that aims to bring $1 billion in capital from corporate and philanthropic partners to the most underserved individuals and communities in America. As the first corporate investor in the Fund, Twitter is committing $100 million to the Fund for long-term, below market rate loans, making a $1 million grant and ongoing contributions to support the fund and the disbursement of loans. 

The Finance Justice Fund will operate through the nation’s network of community development financial institutions (CDFIs). CDFIs are lenders with a mission to serve low-wealth rural, urban, and Native communities. There are more than 1,100 CDFIs nationwide managing more than $222 billion and creating thriving small businesses, affordable homes, critical community services, quality jobs, and economic opportunity for all. In 2018, customers of OFN member CDFIs were 85 percent low-income, 58 percent people of color, 48 percent women, and 26 percent rural populations. CDFIs have worked in these markets, which are often considered high-risk by mainstream lenders, for more than 40 years.

“The Finance Justice Fund will help to address long-standing issues of disinvestment, the racial wealth gap, and persistent poverty in our country,” said Lisa Mensah, President and CEO of OFN. “I commend Twitter for stepping up as the first corporate investor, for investing substantial capital, and for making a large grant to a fund that will deliver loans through CDFIs to underserved people and places across the country. I invite more corporate and philanthropic partners to invest in this unique opportunity to advance justice.”

Twitter also announced a new partnership with Operation HOPE, a non-profit organization that provides financial literacy and economic inclusion for underserved communities. Twitter will reinvest some of its returns from the below market rate loans made to CDFIs to fund five Operation HOPE Inside centers that provide financial coaching and tools to clients of Black banks, minority-serving financial institutions or institutions serving underserved communities across the U.S.  

“Twitter is proud to partner with OFN and Operation HOPE to bring more support to Black, Latinx, Indigenous, and rural borrowers,” said Ned Segal, Chief Financial Officer of Twitter. “By allocating a portion of our cash to the new Finance Justice Fund, Twitter will provide access to capital through loans to invest in underserved communities. Interest income from Twitter’s investment in the Finance Justice Fund will then be used to support Operation HOPE’s financial coaching initiatives. This is renewable, durable corporate philanthropy that creates a blueprint for other companies to join us in this critical work.”

OFN will begin accepting applications in December from qualifying OFN member CDFIs to the Finance Justice Fund. Prospective CDFI borrowers who lack access to traditional capital and meet other lending criteria can contact OFN member CDFIs to qualify for loans from this fund.

OFN’s member CDFIs will use the fund’s flexible and patient capital as they work on the ground to expertly identify lending opportunities and provide technical assistance to create the maximum impact for individuals and neighborhoods.

About OFN

Opportunity Finance Network (OFN), the national network of community development financial institutions (CDFIs), strives to ensure low-income and other under-resourced communities have access to affordable, responsible financial products and services. Members of OFN are CDFIs that deliver responsible lending to help low-income communities join the economic mainstream. Through 2018, OFN’s network originated $74.2 billion in financing in rural, urban, and Native communities. This financing has helped to create or maintain more than 1,560,000 jobs, start or expand more than 419,177 businesses and microenterprises, and support the development or rehabilitation of 2.1 million housing units and more than 11,500 community facility projects.

About Twitter, Inc. (NYSE: TWTR)

Twitter is what’s happening in the world and what people are talking about right now. From breaking news and entertainment to sports, politics, and everyday interests, see every side of the story. Join the open conversation. Watch live-streaming events. Available in more than 40 languages around the world, the service can be accessed via twitter.com, an array of mobile devices, and SMS. For more information, please visit about.twitter.com, follow @Twitter, and download both the Twitter and Periscope apps at twitter.com/download and periscope.tv

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SOURCE Opportunity Finance Network

SAN DIEGO, Nov. 12, 2020 /PRNewswire/ — Green energy technology company Nuvve Corporation (“Nuvve”), the global leader in vehicle-to-grid (V2G) technology, and Newborn Acquisition Corp. (“Newborn”) (NASDAQ:NBAC, NBACU, NBACR, NBACW) a publicly traded special purpose acquisition company with approximately $57.5 million of cash in trust, today announced the signing of a definitive merger agreement to take Nuvve public. The companies today also announced the signing of definitive purchase agreements with institutional investors for the investment of approximately $18 million in the combined company through a PIPE and bridge financing. Upon closing of the business combination, the combined company will be named Nuvve Holding Corp. (“Nuvve Holding”) and is expected to remain listed on Nasdaq under the ticker symbol “NVVE”.

Nuvve’s proprietary V2G technology enables it to link multiple electric vehicle (EV) batteries into a virtual power plant (VPP) to provide bi-directional services to the electrical grid in a qualified and secure manner. The VPP can generate revenue by selling excess power to utility companies or utilizing the saved power to reduce building energy peak consumption.

Gregory Poilasne, CEO and Chairman of Nuvve Corporation, stated, “Since our founding in 2010, Nuvve has successfully delivered its patented and proprietary vehicle-to-grid technology and services to fleet customers, grid operators, electric utilities and other stakeholders around the world. We have likewise partnered and integrated with multiple automotive manufacturers and electric utilities worldwide to enable adoption of V2G technology. To date, Nuvve is the only company in the world qualified with several system operators to commercially provide V2G grid flexibility services to electric utilities and system operators from batteries of electric vehicles.”

Nuvve holds a global portfolio of key V2G technology patents covering bi-directional capabilities and grid services with aggregated electric vehicles and has continued to build on its intellectual property portfolio by advancing V2G technology with commercial EV fleet deployments with both light-duty and heavy-duty vehicles.

Nuvve’s most established commercial operation is in Denmark, where it has provided V2G services for more than 4 years with daily bidding on energy markets. Following recent announcements with leading OEMs in the North American electric school bus segment, Nuvve is further developing its offerings by combining its turnkey V2G solutions with finance packages to customers, including equipment financing, V2G services, infrastructure and maintenance operations. Independent industry analysts have projected the global V2G technology market to be worth over $17 billion by 2027.

Mr. Poilasne added, “The rapid adoption of EV is driving the need for vehicle-grid integration, which are your more common one-way electric charging stations. While Nuvve is able to manage this one-way vehicle-grid integration, we believe that the integration of bi-directional vehicle-to-grid capabilities will help to stabilize the grid and reduce the overall cost of EV ownership, which will be critical to long-term EV adoption. The Nuvve system has successfully lowered the cost of electric vehicle ownership, while supporting the integration of renewable energy for a scalable and sustainable green society. We look forward to leveraging this business combination to accelerate the commercialization of Nuvve’s technology.”

The combined company will be led by Nuvve’s experienced management team, headed by Co-Founder and CEO Gregory Poilasne. Mr. Poilasne will remain on the combined company’s Board of Directors along with current Nuvve COO, Ted Smith.

Transaction Overview

Newborn is combining with Nuvve at a transaction value of approximately $102 million, subject to closing adjustments. As consideration for the business combination, 10.17 million shares will be issued or reserved for issuance to existing Nuvve stockholders and option holders, based on a value of $10.00 per share.

In connection with the business combination, Newborn has signed definitive agreements for the sale of approximately $14 million in equity to institutional investors in a PIPE. The PIPE investors will acquire Nuvve Holding shares at $10.00 per share. For each share bought, the PIPE investors will receive 1.9 warrants; each whole warrant is exercisable for ½ of a Nuvve Holding share. The warrants are exercisable at $11.50 per whole share and have terms identical to the warrants that were sold as part of Newborn’s IPO. Nuvve also completed a $4 million bridge financing with an institutional investor in connection with the business combination. The investor in the bridge financing received a senior secured convertible debenture that will convert into equity immediately prior to the closing of the business combination.

Upon the closing of the transactions, assuming no redemptions by Newborn shareholders, the resulting pro forma equity value of the combined company will be approximately $202 million. Pro forma net cash available to Nuvve at closing after estimated fees and expenses is expected to be approximately $70 million, made up of approximately $57.5 million in Newborn’s trust account (assuming no redemptions), net proceeds of $18 million PIPE and bridge financing, and cash on Nuvve’s balance sheet. Assuming no debt outstanding, the combined company’s pro forma enterprise value is expected to be approximately $132 million. Proceeds from the transaction will be used for general working capital, growth purposes and retirement of 0.6 million shares from legacy Nuvve shareholders.   

Existing Nuvve stockholders have agreed to a one-year lock-up from merger close, subject to a partial release if after the 6 month anniversary of the merger close the VWAP of the Nuvve Holding shares is at or above $12.50 for 20 out of any 30 consecutive trading days. Existing Nuvve stockholders will also be entitled to receive an earnout of 4 million newly issued Nuvve Holding shares if Nuvve’s 2021 revenue exceeds $30 million as reported in its 2021 audited financial statements.

In connection with the business combination, Newborn will reincorporate to Delaware from the Cayman Islands.

The boards of directors of both Newborn and Nuvve have unanimously approved the proposed business combination. The closing is subject to the approval of the stockholders of both Newborn and Nuvve and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. It is currently anticipated that the business combination will close in the first quarter of 2021.

Additional information about the proposed business combination, including a copy of the merger agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by Newborn today, November 12^th, 2020, with the Securities and Exchange Commission and available at www.sec.gov. The investor presentation can also be found on Nuvve’s investor website at https://nuvve.com/investors/.

Advisors

Craig-Hallum Capital Group is acting as sole placement agent and M&A advisor on the transactions. Roth Capital Partners is acting as capital markets advisor to Newborn. Graubard Miller is serving as legal counsel for Nuvve. Loeb & Loeb LLP is serving as legal advisor to Newborn.

Conference call information

Nuvve and Newborn will hold a joint investor conference call to discuss the proposed transactions on Thursday, November 12, 2020 at 9:00am ET. To listen to the call via conference call dial 877-270-2148 for domestic callers and 412-902-6510 for international callers.

The investor conference call may also be accessed via a live webcast. To view the webcast, please follow this link. During the call, the presenters will be reviewing an investor presentation, which will be available on Nuvve’s website and filed with the SEC as an exhibit to Newborn’s Current Report on Form 8-K prior to the call, and available on the SEC website at www.sec.gov.  

About Nuvve Corporation

Nuvve Corporation is a San Diego-based green energy technology company whose mission is to lower the cost of electric vehicle ownership while supporting the integration of renewable energy sources, including solar and wind. Its proprietary vehicle-to-grid (V2G) technology – Nuvve’s Grid Integrated Vehicle (GIVe™) platform – is refuelling the next generation of electric vehicle fleets through cutting-edge, bidirectional charging solutions. Since its founding in 2010, Nuvve has been responsible for successful V2G projects on five continents and is deploying commercial services worldwide. For more information please visit www.nuvve.com.

About Newborn Acquisition Corp.

Newborn Acquisition Corp. is a blank check company, holding approximately $57.5 million in its trust account, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this presentation, regarding the proposed business combination between Newborn and Nuvve, Newborn and Nuvve’s ability to consummate the transactions, the benefits of the transactions and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Newborn and Nuvve disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Newborn and Nuvve caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either Newborn or Nuvve. In addition, Newborn cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against Newborn or Nuvve following announcement of the transactions; (iii) the inability to complete the business combination due to the failure to obtain approval of the shareholders of Newborn, or other conditions to closing in the merger agreement; (iv) the risk that the proposed business combination disrupts Nuvve’s current plans and operations as a result of the announcement of the transactions; (v) Nuvve’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Nuvve to grow and manage growth profitably following the business combination; (vi) costs related to the business combination; (vii) risks related to the rollout of Nuvve’s business and the timing of expected business milestones; (viii) Nuvve’s dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; (ix) Nuvve’s ability to maintain effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting relating to segregation of duties with respect to, and access controls to, its financial record keeping system, and Nuvve’s accounting staffing levels; (x) Nuvve’s current dependence on sales of charging stations for most of its revenues; (xi) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (xii) potential adverse effects on Nuvve’s revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (xiii) the effects of competition on Nuvve’s future business; (xiv) risks related to Nuvve’s dependence on its intellectual property and the risk that Nuvve’s technology could have undetected defects or errors; (xv) changes in applicable laws or regulations; (xvi) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (xvii) risks related to disruption of management time from ongoing business operations due to the proposed business combination; (xvii) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; and (xix) the possibility that Nuvve may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Newborn has filed and will file from time to time with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019. Newborn’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

Important Information and Where to Find it

In connection with the proposed business combination, Nuvve Holdings, as the successor to Newborn, will file a registration statement on Form S-4 (the “Form S-4”) with the SEC. The Form S-4 will include a preliminary proxy statement/prospectus of Newborn and Nuvve Holdings, which Newborn will file with the SEC as a proxy statement on Schedule 14A, for the solicitation of proxies from Newborn’s shareholders and for the offering of Nuvve Holdings’ securities to the security holders of Newborn and Nuvve in the business combination. Additionally, Newborn and Nuvve Holdings will file other relevant materials with the SEC in connection with the business combination. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov. The definitive proxy statement/prospectus will be mailed to Newborn shareholders as of a record date to be established for voting on the proposed business combination. Investors and security holders of Newborn are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

Participants in the Solicitation

Newborn and its directors and officers may be deemed participants in the solicitation of proxies of Newborn’s shareholders in connection with the proposed business combination. Nuvve and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Newborn’s executive officers and directors in the solicitation by reading Newborn’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Newborn’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or constitute a solicitation of any vote or approval.

Nuvve Press Contact:

Marc Trahand, EVP Marketing
[email protected] 
+1 858 250 9740

Nuvve Investor Relations:

Lytham Partners, LLC
602-889-9700
[email protected]

 

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SOURCE Newborn Acquisition Corp.; Nuvve Corporation

DEARBORN, Mich., Nov. 12, 2020 /PRNewswire/ — American Axle & Manufacturing was recognized as a top-performing global supplier at the 22nd annual Ford World Excellence Awards. AAM was announced as a Silver winner during Ford Motor Company’s virtual event.

“AAM’s No. 1 objective is to manufacture the highest quality and most innovative Driveline and Metal Forming technologies,” said David C. Dauch, AAM Chairman and Chief Executive Officer. “This award is the ultimate recognition of that work and we thank Ford for their support of AAM.”

“Ford’s annual World Excellence Awards recognize our top-performing suppliers for their contributions to our success,” said Hau Thai-Tang, chief product platform and operations officer. “Congratulations to AAM for being a recipient of this coveted award. Thank you for all that you do in support of Ford Motor Company.”

AAM was recognized with a Silver award for quality at its Valencia, Spain, Manufacturing Facility, which specializes in the production of components including powder metal connecting rods.

Honorees were recognized for achieving the highest levels of global excellence in categories, including:

• Gold and silver for supplier manufacturing sites demonstrating superior quality, delivery and cost performance throughout the year
• Primary brand pillar awards in winning portfolio, propulsion choices, autonomous technology and connected services categories
• Fitness awards for suppliers that most exemplify the framework’s principles, with an emphasis on quality, value and innovation
• Special recognition for suppliers that deliver results exceeding expectations
• Diverse supplier of the year and supplier diversity development corporation of the year for suppliers that excel in integrating diversity into their organization and business process
• Sustainability supplier of the year for a supplier that improves the business environment

About AAM
AAM (NYSE: AXL) delivers POWER that moves the world. As a leading global Tier 1 automotive supplier, AAM designs, engineers and manufactures driveline and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has approximately 20,000 associates operating at nearly 80 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership. To learn more, visit aam.com.

Andrea Knapp

[email protected]

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SOURCE American Axle & Manufacturing Holdings, Inc.

NORTH CHICAGO, Ill., Nov. 12, 2020 /PRNewswire/ — AbbVie (NYSE: ABBV) will participate in the Wolfe Research Healthcare Conference on Thursday, November 19, 2020. Michael Severino, M.D., vice chairman and president, and Robert A. Michael, executive vice president and chief financial officer, will present at 11:35 a.m. Central time.

A live audio webcast of the presentation will be accessible through AbbVie’s Investor Relations website at investors.abbvie.com. An archived edition of the session will be available later that day.

About AbbVie
AbbVie’s mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women’s health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on Twitter, Facebook, Instagram, YouTube and LinkedIn.

Forward-Looking Statements

Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “project” and similar expressions, among others, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, failure to realize the expected benefits from AbbVie’s acquisition of Allergan plc (“Allergan”), failure to promptly and effectively integrate Allergan’s businesses, competition from other products, challenges to intellectual property, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry and the impact of public health outbreaks, epidemics or pandemics, such as COVID-19. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie’s operations is set forth in Item 1A, “Risk Factors,” of AbbVie’s 2019 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its subsequent Quarterly Reports on Form 10-Q. AbbVie undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.

 

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SOURCE AbbVie