Pipestone Energy Corp. Announces Graduation to the Toronto Stock Exchange

CALGARY, Alberta, Dec. 15, 2020 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to announce that its common shares and warrants have been approved for listing on the Toronto Stock Exchange (“TSX”) and will commence trading on the TSX at the opening of the market on December 16, 2020. Concurrent with the up-listing to the TSX, the common shares and warrants of Pipestone will be de-listed from the TSX Venture Exchange. Pipestone’s ticker symbol for the common shares and warrants will remain “PIPE” and “PIPE.WT”, respectively.

The Company’s graduation to the TSX marks an important milestone for the business and coincides with Pipestone’s operational and financial execution to date, as well as its three-year corporate growth plan.

Pipestone Energy Corp.

Pipestone Energy Corp. is an oil and gas exploration and production company with its head office located in Calgary, Alberta. The company is focused on developing its pure-play condensate-rich Montney asset in the Pipestone area near Grande Prairie. Pipestone is committed to building long term value for our shareholders and values the partnerships that it is developing within its operating community. For more information, visit www.pipestonecorp.com.

Pipestone Contacts:

Paul Wanklyn
President and Chief Executive Officer
(587) 392-8407
[email protected]
Craig Nieboer
Chief Financial Officer
(587) 392-8408
[email protected]

Dan van Kessel
VP Corporate Development
(587) 392-8414
[email protected]
 

Advisory Reg
arding Forward-Looking Statements

In the interest of providing shareholders of Pipestone and potential investors information regarding Pipestone, this news release contains certain information and statements (“forward-looking statements”) that constitute forward-looking information within the meaning of applicable Canadian securities laws.

In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to: expected commencement of trading of Pipestone common shares and warrants on the TSX, and expected de-listing of common shares and warrants from the TSX Venture Exchange.

The forward-looking statements contained in this news release are made as of the date hereof and Pipestone assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. All forward-looking statements herein are expressly qualified by this advisory.

TSX Venture Exchange Disclaimer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Phathom Pharmaceuticals Announces Proposed Public Offering of 2,250,000 Shares of Common Stock

FLORHAM PARK, N.J., Dec. 15, 2020 (GLOBE NEWSWIRE) — Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a late clinical-stage biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, announced today that it intends to offer and sell, subject to market and other conditions, 2,250,000 shares of its common stock in an underwritten public offering. In addition, Phathom intends to grant the underwriters a 30-day option to purchase up to an additional 337,500 shares of common stock. All of the shares to be sold in the offering are to be sold by Phathom. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Phathom intends to use the net proceeds from the proposed offering to fund the clinical development of vonoprazan and for working capital and general corporate purposes, including pre-commercial activities.

Jefferies, Evercore ISI, Guggenheim Securities and BMO Capital Markets are acting as joint bookrunning managers for the offering. Needham & Company is acting as lead manager for the offering.

The securities described above are being offered by Phathom pursuant to a shelf registration statement previously filed and declared effective by the Securities and Exchange Commission (SEC). A preliminary prospectus supplement and accompanying prospectus relating to this offering will be filed with the SEC. When available, copies of the preliminary prospectus supplement and the accompanying prospectus relating to this offering may be obtained from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388 or by email at [email protected]; or from Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by email at [email protected]; or from Guggenheim Securities LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, New York, NY 10017, by telephone at (212) 518-5548 or by email at [email protected]; or from BMO Capital Markets Corp., 3 Times Square, 25th Floor, New York, NY 10036, Attention: Equity Syndicate Department, by telephone at (800) 414-3627, or by email at [email protected]. Electronic copies of the preliminary prospectus supplement and accompanying prospectus will also be available on the website of the SEC at http://www.sec.gov.

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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Phathom

Phathom Pharmaceuticals is a biopharmaceutical company focused on the development and commercialization of novel treatments for gastrointestinal diseases and disorders. Phathom has in-licensed the exclusive rights in the United States, Europe, and Canada to vonoprazan, a novel potassium competitive acid blocker (P-CAB) in late-stage development for the treatment of acid-related disorders.

Forward-Looking Statements

Phathom cautions you that statements contained in this press release regarding matters that are not historical facts are forward-looking statements. These statements are based on the company’s current beliefs and expectations. Such forward-looking statements include, but are not limited to, statements relating to the offering, including the timing and size of the offering and the anticipated use of proceeds therefrom and the grant of the option to purchase additional shares. The inclusion of forward-looking statements should not be regarded as a representation by Phathom that any of its plans will be achieved. Actual results may differ from those set forth in this press release due to the risks and uncertainties inherent in Phathom’s business, including, without limitation: the risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the proposed public offering, the risks and uncertainties inherent in Phathom’s business, including potential delays in the commencement, enrollment and completion of clinical trials; Phathom’s dependence on third parties in connection with product manufacturing, research and preclinical and clinical testing; regulatory developments in the United States and foreign countries; and unexpected adverse side effects or inadequate efficacy of vonoprazan that may limit its development, regulatory approval and/or commercialization, or may result in recalls or product liability claims; and the other risks described in the Company’s prior press releases and the Company’s filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and Phathom undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

CONTACTS

Media Contact:

Nick Benedetto
1-877-742-8466
[email protected]

Investor Contact:

Todd Branning
1-877-742-8466
[email protected]

 



CytoDyn Completes Enrollment for Phase 3 Registrational Trial for 390 Patients with Severe-to-Critical COVID-19

CytoDyn is simultaneously finalizing an EUA application with the Philippine FDA with patient data from CD10 and recent eINDs for severe-to-critical patients

VANCOUVER, Washington, Dec. 15, 2020 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing Vyrologix™ (leronlimab-PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today it had reached full enrollment in its Phase 3 registrational trial for patients with severe-to-critical COVID-19. The 390-patient data will be analyzed in approximately 28 days, with expected results to be announced shortly thereafter.

On October 20, 2020, following review and recommendation by the Data Safety Monitoring Committee (DSMC) of data from 195 patients, the Company continued the trial without modification to achieve the primary endpoint. The DSMC also requested a second review of the data after 75% (or 293) of the patients were enrolled and completed a 42-day post-enrollment period. The Company has concluded it will be far more time efficient to forego the second interim analysis and to analyze the data on 390 patients and to provide final data to the U.S. Food and Drug Administration, Health Canada, U.K.’s MHRA, and Philippines FDA, as soon as it is available.

CytoDyn’s Phase 2b/3 trial to evaluate the efficacy and safety of leronlimab for patients with severe-to-critical COVID-19 indications is a two-arm, randomized, double blind, placebo controlled, adaptive design multicenter study. Patients are randomized to receive weekly doses of 700 mg leronlimab, or placebo. Leronlimab and placebo are administered via subcutaneous injection. The study has three phases: Screening Period, Treatment Period, and Follow-Up Period. The primary outcome measured in this study is: all-cause mortality at Day 28. Secondary outcomes measured are: (1) all-cause mortality at Day 14, (2) change in clinical status of subject at Day 14, (3) change in clinical status of subject at Day 28, and (4) change from baseline in Sequential Organ Failure Assessment (SOFA) score at Day 14.

Nader Pourhassan, Ph.D., President and Chief Executive Officer of CytoDyn, commented, “We are very thankful for the concerted efforts by so many healthcare professionals to reach full enrollment so quickly in these trying times. To the best of our knowledge, we are the first company to complete a Phase 3 trial for COVID-19 severe-to-critical population. Currently, there are hundreds of thousands of patients around the globe with an immediate need for a safe and efficacious therapeutic to combat this horrific pandemic. Since the Philippine FDA has relaxed the criteria of EUA for any safe drug with any efficacy data, we will file our EUA as soon as the presidential order is implemented by the Philippine FDA with all of the information we currently have available, which we believe could occur within the next couple of weeks. The Company is working diligently to ensure a sufficient supply of drug product is available to meet the urgent needs of patients.”

About Coronavirus Disease 2019

CytoDyn completed its Phase 2 clinical trial (CD10) for COVID-19, a double-blinded, randomized clinical trial for mild-to-moderate patients in the U.S. which produced statistically significant results for NEWS2. CytoDyn completed enrollment of 390 patients in its Phase 2b/3 randomized clinical trial for the severe-to-critically ill COVID-19 population and expects to release results in mid-January 2021.

About Leronlimab (PRO 140)

The FDA has granted a Fast Track designation to CytoDyn for two potential indications of leronlimab for critical illnesses. The first indication is a combination therapy with HAART for HIV-infected patients and the second is for metastatic triple-negative breast cancer. Leronlimab is an investigational humanized IgG4 mAb that blocks CCR5, a cellular receptor that is important in HIV infection, tumor metastases, and other diseases, including NASH. Leronlimab has completed nine clinical trials in over 800 people and met its primary endpoints in a pivotal Phase 3 trial (leronlimab in combination with standard antiretroviral therapies in HIV-infected treatment-experienced patients). 

In the setting of HIV/AIDS, leronlimab is a viral-entry inhibitor; it masks CCR5, thus protecting healthy T cells from viral infection by blocking the predominant HIV (R5) subtype from entering those cells. Leronlimab has been the subject of nine clinical trials, each of which demonstrated that leronlimab could significantly reduce or control HIV viral load in humans. The leronlimab antibody appears to be a powerful antiviral agent leading to potentially fewer side effects and less frequent dosing requirements compared with daily drug therapies currently in use. 

In the setting of cancer, research has shown that CCR5 may play a role in tumor invasion, metastases, and tumor microenvironment control. Increased CCR5 expression is an indicator of disease status in several cancers. Published studies have shown that blocking CCR5 can reduce tumor metastases in laboratory and animal models of aggressive breast and prostate cancer. Leronlimab reduced human breast cancer metastasis by more than 98% in a murine xenograft model. CytoDyn is, therefore, conducting a Phase 1b/2 human clinical trial in metastatic triple-negative breast cancer and was granted Fast Track designation in May 2019.  

The CCR5 receptor appears to play a central role in modulating immune cell trafficking to sites of inflammation. It may be crucial in the development of acute graft-versus-host disease (GvHD) and other inflammatory conditions. Clinical studies by others further support the concept that blocking CCR5 using a chemical inhibitor can reduce the clinical impact of acute GvHD without significantly affecting the engraftment of transplanted bone marrow stem cells. CytoDyn is currently conducting a Phase 2 clinical study with leronlimab to support further the concept that the CCR5 receptor on engrafted cells is critical for the development of acute GvHD, blocking the CCR5 receptor from recognizing specific immune signaling molecules is a viable approach to mitigating acute
GvHD. The FDA has granted orphan drug designation to leronlimab for the prevention of GvHD. Due to the lack of patients during the COVID-19 pandemic, the Company is closing down its Phase 2 trial for acute GvHD. 

About CytoDyn

CytoDyn is a late-stage biotechnology company developing innovative treatments for multiple therapeutic indications based on leronlimab, a novel humanized monoclonal antibody targeting the CCR5 receptor. CCR5 appears to play a critical role in the ability of HIV to enter and infect healthy T-cells. The CCR5 receptor also appears to be implicated in tumor metastasis and immune-mediated illnesses, such as GvHD and NASH.

CytoDyn has successfully completed a Phase 3 pivotal trial with leronlimab in combination with standard antiretroviral therapies in HIV-infected treatment-experienced patients. The FDA met telephonically with Company key personnel and its clinical research organization and provided written responses to the Company’s questions concerning its recent Biologics License Application (“BLA”) for this HIV combination therapy in order to expedite the resubmission of its BLA filing for this indication.

CytoDyn has completed a Phase 3 investigative trial with leronlimab as a once-weekly monotherapy for HIV-infected patients. CytoDyn plans to initiate a registration-directed study of leronlimab monotherapy indication. If successful, it could support a label extension. Clinical results to date from multiple trials have shown that leronlimab can significantly reduce viral burden in people infected with HIV. No drug-related serious site injection reactions reported in about 800 patients treated with leronlimab and no drug-related SAEs reported in patients treated with 700 mg dose of leronlimab. Moreover, a Phase 2b clinical trial demonstrated that leronlimab monotherapy can prevent viral escape in HIV-infected patients; some patients on leronlimab monotherapy have remained virally suppressed for more than six years.

CytoDyn is also conducting a Phase 1b/2 clinical trial with leronlimab in metastatic triple-negative breast cancer. More information is at www.cytodyn.com

Forward-Looking Statements 

This press release contains certain forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict.  Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as “believes,” “hopes,” “intends,” “estimates,” “expects,” “projects,” “plans,” “anticipates” and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Forward-looking statements specifically include statements about leronlimab, its ability to have positive health outcomes, the possible results of clinical trials, studies or other programs or ability to continue those programs, the ability to obtain regulatory approval for commercial sales, and the market for actual commercial sales. The Company’s forward-looking statements are not guarantees of performance, and actual results could vary materially from those contained in or expressed by such statements due to risks and uncertainties including: (i) the sufficiency of the Company’s cash position, (ii) the Company’s ability to raise additional capital to fund its operations, (iii) the Company’s ability to meet its debt obligations, if any, (iv) the Company’s ability to enter into partnership or licensing arrangements with third parties, (v) the Company’s ability to identify patients to enroll in its clinical trials in a timely fashion, (vi) the Company’s ability to achieve approval of a marketable product, (vii) the design, implementation and conduct of the Company’s clinical trials, (viii) the results of the Company’s clinical trials, including the possibility of unfavorable clinical trial results, (ix) the market for, and marketability of, any product that is approved, (x) the existence or development of vaccines, drugs, or other treatments that are viewed by medical professionals or patients as superior to the Company’s products, (xi) regulatory initiatives, compliance with governmental regulations and the regulatory approval process, (xii) general economic and business conditions, (xiii) changes in foreign, political, and social conditions, and (xiv) various other matters, many of which are beyond the Company’s control. The Company urges investors to consider specifically the various risk factors identified in its most recent Form 10-K, and any risk factors or cautionary statements included in any subsequent Form 10-Q or Form 8-K, filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to update any forward-looking statements to take into account events or circumstances that occur after the date of this press release.

CONTACTS

Investors:

Michael Mulholland
Office: 360.980.8524, ext. 102
[email protected]



Molson Coors Beverage Company Donates Nearly 3 Million Meals to Families Across U.S. And Canada

Molson Coors Beverage Company Donates Nearly 3 Million Meals to Families Across U.S. And Canada

Global beverage company aims to help fight growing hunger crisis as the number of people impacted by coronavirus rises

CHICAGO–(BUSINESS WIRE)–
Today, Molson Coors Beverage Company (NYSE: TAP; TSX: TPX) is announcing a donation of nearly three million meals to help fight hunger during this unprecedented time. The donation will support food pantries in 10 of the company’s hometown and brewery markets, which are facing increased demand due to the COVID-19 pandemic.

“In this pandemic we know so many are struggling with food insecurity, and food banks are seeing unprecedented demand. Our hometown and brewery communities are among those in need, and we’re committed to supporting our neighbors this holiday season,” said Gavin Hattersley, CEO of Molson Coors.

Molson Coors is making donations to local food pantries in ten operating communities in the U.S. and Canada, including Albany (GA), Chicago, Chippewa Falls (WI), Denver, Fort Worth, Milwaukee, Montreal, Shenandoah (VA), Toronto and Trenton (OH).

“Never in the 41-year history of the Greater Chicago Food Depository have we seen such a dramatic increase in the number of people seeking food assistance,” said Kate Maehr, the Food Depository’s executive director and CEO. “Many of them are facing hunger for the first time during this ongoing crisis. We’re so grateful to Molson Coors for this generous donation that will help feed our neighbors in need.”

“2020 has been a devastating year for so many, and this winter especially is going to be tougher than any we’ve faced before,” said Patti Habeck, President and CEO at Feeding America Eastern Wisconsin. “This amazing gift is yet another example of Molson Coors commitment to taking care of its local neighbors in need at a time when it is absolutely vital. We are truly grateful.”

This year, the company is continuing to make an impact in a meaningful and relevant way, helping those hit hardest by the COVID-19 pandemic by donating canned water, producing hand sanitizer, and providing relief funds supporting those in the bar and restaurant industry.

About Molson Coors Beverage Company

For over two centuries Molson Coors has been brewing beverages that unite people for all of life’s moments. From Coors Light, Miller Lite, Molson Canadian, Carling, and Staropramen to Coors Banquet, Blue Moon Belgian White, Blue Moon LightSky, Vizzy, Leinenkugel’s Summer Shandy, Creemore Springs and more, Molson Coors produces some of the most beloved and iconic beer brands ever made. While the company’s history is rooted in beer, Molson Coors offers a modern portfolio that expands beyond the beer aisle as well.

The company’s commitment to raising industry standards and leaving a positive imprint on our employees, consumers, communities and the environment is reflected in Our Imprint and our 2025 sustainability targets. To learn more about Molson Coors Beverage Company, visit molsoncoors.com, MolsonCoorsOurImprint.com or on Twitter through @MolsonCoors.

Molson Coors contact:

Marty Maloney

[email protected]

KEYWORDS: Illinois United States North America Canada

INDUSTRY KEYWORDS: Food/Beverage Other Philanthropy Wine & Spirits Retail Philanthropy

MEDIA:

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Novo Announces Post-AGM Investor Presentation Details

VANCOUVER, British Columbia, Dec. 15, 2020 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO & NVO.WT; OTCQX: NSRPF) today announced details of the Company’s upcoming investor presentation to be held subsequent to the Company’s annual general meeting (the “Meeting”) on December 17, 2020. The presentation will begin at 4:30 p.m. PST and will be accessible through a live presentation link (details provided below).

Due to the ongoing health risk related to the COVID-19 pandemic and continuing government restrictions on public gatherings in support of social distancing, the Company strongly recommends that shareholders cast their votes by proxy in advance of the Meeting and not attend the Meeting in person.  Despite this, any registered shareholder wishing to attend the Meeting must contact Diane Barley at [email protected] in advance so that they may be informed of applicable safety protocols. Please see the Company’s notice of meeting and information circular, as filed under the Company’s profile at www.sedar.com, and on the Company’s website at www.novoresources.com, for further details of the Meeting.


Investor Presentation Details
 
Date: Thursday, December 17 @ 4:30 p.m. PST
Link: https://us02web.zoom.us/j/83292159735?pwd=Z1hZQ3FkeVNMZmJHQjNMYlJMT090QT09
Webinar ID*: 832 9215 9735
Passcode: 501078
Canadian dial-in: +1 647 374 4685 / +1 647 558 0588 / +1 778 907 2071 / +1 204 272 7920 / +1 438 809 7799 / +1 587 328 1099
US dial-in: +1 253 215 8782 / +1 669 900 6833 / +1 346 248 7799 / +1 301 715 8592 / +1 312 626 6799 / +1 929 205 6099
Australian dial-in: +61 2 8015 6011 / +61 3 7018 2005 / +61 7 3185 3730 / +61 8 6119 3900 / +61 8 7150 1149
International dial-in: https://us02web.zoom.us/zoomconference?m=hE0vYbeiW7uHWdDa6A-e-ntMhg81EIBN

*Please note that you may be required to download Zoom software prior to joining the presentation. Please allow sufficient time to do so.

Shareholders with any questions are encouraged to contact Leo Karabelas at [email protected] or +1-416-543-3120.

About Novo Resources Corp.

Novo is advancing its flagship Beatons Creek gold project to production while exploring and developing its highly prospective land package covering approximately 14,000 square kilometres in the Pilbara region of Western Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at +1-416-543-3120 or e-mail [email protected]

On Behalf of the Board of Directors,

Novo Resources Corp.



Quinton Hennigh

                        

Quinton Hennigh

Chairman and President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.



Ethan Allen Congratulates Award Recipients in First-Ever Virtual Celebration

DANBURY, Conn., Dec. 15, 2020 (GLOBE NEWSWIRE) — In 1986, Ethan Allen’s Chairman and CEO, Farooq Kathwari, invited every Ethan Allen interior designer to company headquarters in Danbury, Connecticut, for a multi-day celebration. This beloved tradition continued for 33 years and grew to include a slate of awards for exceptional interior design work.

When this year’s COVID-19 pandemic made a 34th gathering in Danbury all but impossible, Kathwari and his team orchestrated the company’s first-ever Virtual Celebration. The livestreamed event brought together over 4,000 Ethan Allen associates from all over the world, including designers, retailers, manufacturing, logistics, and headquarters, capping off a year of strong sales performance even in the midst of significant challenges.

The Virtual Celebration opened with a series of videos that chronicled the history of Ethan Allen and gave an overview of its current operations. The event also included livestreamed recognition of associates honored for decades of exemplary service, and awards for interior designers that recognized both exemplary sales performance and outstanding achievements in interior design. All award recipients received a signed copy of Mr. Kathwari’s memoir – Trailblazer: from the Mountains of Kashmir to the Summit of Global Business and Beyond.

“I’m proud of what our associates have accomplished during such a challenging year, and I’m pleased that we found the opportunity to highlight their achievements in a format that brought everyone in the Ethan Allen family together,” Kathwari commented. “Many offered feedback after the event, saying they felt it was our best celebration ever.”

ABOUT ETHAN ALLEN

Ethan Allen Interiors Inc. (NYSE: ETH) is a leading interior design company and manufacturer and retailer of quality home furnishings. The Company offers complimentary interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of approximately 300 design centers in the U.S. and abroad. Ethan Allen owns and operates nine manufacturing facilities including six manufacturing plants in the U.S. plus two plants in Mexico and one in Honduras. Approximately 75% of its products are made in its North American plants. For more information on Ethan Allen’s products and services, visit www.ethanallen.com.

Contact:
Geri Moran
Vice President, Marketing & Public Relations
[email protected]
203-743-8374



EDTECHX HOLDINGS ACQUISITION CORP. II ANNOUNCES CLOSING OF $100 MILLION INITIAL PUBLIC OFFERING

London, UK, Dec. 15, 2020 (GLOBE NEWSWIRE) — EdtechX Holdings Acquisition Corp. II (Nasdaq: EDTXU) (the “Company”) announced today that it has consummated its initial public offering of 10,000,000 units at $10.00 per unit, generating gross proceeds of $100,000,000.

The Company’s units are listed on The Nasdaq Capital Market and commenced trading under the symbol “EDTXU” on December 11, 2020. Each unit consists of one share of the Company’s Class A common stock, $0.0001 par value per share (“Class A Common Stock”), and one-half of one redeemable warrant (“Warrant”) with each whole Warrant entitling the holder to purchase one share of Class A Common Stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A Common Stock and Warrants are expected to be traded on The Nasdaq Capital Market under the symbols “EDTX”, and “EDTXW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

The underwriters have been granted a 45-day option to purchase up to an additional 1,500,000 units offered by the Company to cover over-allotments, if any.

Jefferies LLC acted as the sole book-running manager of the offering and Macquarie Capital acted as the lead manager of the offering.

A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission on December 10, 2020. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at 877-821-7388 or by email at [email protected]. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a 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 EdtechX Holdings Acquisition Corp. II

EdtechX Holdings Acquisition Corp. II is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to any particular industry or geographic region, although the Company initially intends to focus on target businesses in the education, training, reskilling, human capital and education technology industries.  EdtechX Holdings Acquisition Corp. II is led by its founders, Charles McIntyre, Executive Chairman and Chief Investment Officer, and Benjamin Vedrenne-Cloquet, Chief Executive Officer.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the anticipated use of the proceeds of the initial public offering and the search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements, including those set forth in the risk factors section of the prospectus used in connection with the Company’s initial public offering. No assurance can be given that the net proceeds of the offering will be used as indicated. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Contact:


Investor and Media Relations:
Global
Citigate Dewe Rogerson
Christen Thomson
[email protected]

North America
SPAC Alpha IR+
Chris Tyson / Doug Hobbs
[email protected]
949-491-8235



Blue Diamond Resorts Facilitates Donation of Firetrucks to Punta Cana Fire Department

TORONTO, Dec. 15, 2020 (GLOBE NEWSWIRE) — Blue Diamond Resorts, the Caribbean’s fastest-growing resort management group supports the local Punta Cana Fire Department by facilitating the donation of two firetrucks. In partnership with Firefighters Without Borders Canada, the Canadian owned-and-operated hotel group managed and financed the logistics to transport the firetrucks from Canada to the Dominican Republic. With five award-winning resorts situated on the golden shores of Punta Cana, Blue Diamond Resorts is firmly rooted in the popular destination for sun-seekers.

In a donation ceremony on Tuesday, December 8, 2020, Blue Diamond Resorts donated the two firetrucks to the Punta Cana Fire Department, with one firetruck housed at Royalton Bavaro Resort & Spa to support the surrounding area and neighboring hotels, and the other firetruck in active use at the Punta Cana Fire Department in Veron. The contribution of these two trucks will support the local community in this destination, providing rapid first-response to emergencies to protect both residents and tourists visiting the area.

“Our commitment to supporting the communities in which we operate remains strong as we work together to overcome the unprecedented challenges presented by the COVID-19 pandemic,” shared Juan Tunon, Regional Director of Operations, Blue Diamond Resorts. “With this donation, we reaffirm our commitment to the residents of Punta Cana. The addition of two fire trucks will expedite the response time of Punta Cana’s first responders to protect the health and safety of both residents and visitors of Punta Cana, including employees and guests of Blue Diamond Resorts.”

“The generous donation of these firetrucks marks a significant contribution to the community and the fire department, enabling my team to respond rapidly to emergency calls and in effect, to save lives,” shared Coronel Miguel Angel Alvarez, Fire Department of Veron, Punta Cana.

In recent months, Royalton Punta Cana Resort & Spa, Hideaway at Royalton Punta Cana, Royalton Splash Punta Cana Resort & Spa and Royalton Bavaro Resort & Spa reopened their doors to welcome back guests for a highly anticipated vacation on the golden shores of Punta Cana. On January 29, 2021, Royalton CHIC Punta Cana will resume operations and invite guests for an unforgettable adults-only vacation in paradise. With Safety-Assured Vacations protocols in place, the hotels are prepared to provide safe and relaxing vacations that prioritize the health and well-being of both guests and employees.

About Blue Diamond Resorts        

Since its inception in 2011, Blue Diamond Resorts has curated an impressive portfolio encompassing 47 properties, exceeding 15,500 rooms in ten countries. Taking a proactive approach to differentiating brands under each market’s demands, the resort management company caters to a range of budgets and interests from adult-only elegant getaways to fun-filled family vacations. Award-winning, All-In Luxury®Royalton Luxury Resorts offers signature amenities including All-In Connectivity™, modern Sports Event Guarantee™ and in-suite wellness elements. Royalton Luxury Resorts’ adults-only sub-brands include Hideaway at Royalton, an adults-only experience with exclusive dining and preferred accommodations, plus the stylish All Exclusive™ CHIC by Royalton. In Jamaica, Grand Lido Negril provides those over 21 with an upscale and luxurious naturist vacation along with a secluded shore for the utmost privacy. Memories Resorts & Spa offers a vacation designed to impress the entire family, featuring on-site splash parks and a popular kids club with famous themed characters, Toopy & Binoo™, while Starfish Resorts provides amazing value for customers in convenient locations. Planet Hollywood Hotels and Resorts invites guests to Vacation Like A Star™ with an engaging and interactive experience, plus famous pop culture items from movies, music and sports. Mystique Resorts, a boutique-style resort collection, offers personalized vacations in strikingly beautiful locals full of endless adventures.

To learn more about Blue Diamond Resorts, please visit www.bluediamondresorts.com.

For additional information, please contact:

Media Relations
[email protected]

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/7c56d78a-a9da-4fca-972c-21415c2585cd

https://www.globenewswire.com/NewsRoom/AttachmentNg/6789a46f-9c15-4f39-8002-61d349297d56

https://www.globenewswire.com/NewsRoom/AttachmentNg/df41a86e-78de-4b35-9b55-25f8ae902e57

https://www.globenewswire.com/NewsRoom/AttachmentNg/5d1d429c-73ae-4baf-8299-f2a05c85cb41

 



Harbert Discovery Fund Issues Letter to Dov Perlysky, Chairman of Enzo Biochem’s Compensation Committee

BIRMINGHAM, Ala., Dec. 15, 2020 (GLOBE NEWSWIRE) —

Enzo Biochem, Inc.

Mr. Dov Perlysky, Director
60 Executive Boulevard
Farmingdale, NY 11735

Dear Dov,

We are writing to express disappointment in you as Chairman of Enzo Biochem, Inc.’s (“Enzo” or the “Company”) Compensation Committee based on Elazar Rabbani (“Rabbani”) and Barry Weiner’s (“Weiner”) excessive, unjustifiable 2020 compensation.

Harbert Discovery Fund, LP and Harbert Discovery Co-Investment Fund I, LP (collectively “HDF”) currently own approximately 11.74% of the outstanding shares of Enzo, making us the Company’s largest shareholder.

We have repeatedly expressed our frustration with Enzo’s long history of rewarding Rabbani and Weiner excessive cash bonuses in the face of a declining share price and poor fundamental results. I most recently reiterated these views to you during a telephone call on October 28, 2020. At that time you stated:

“I would direct you to our proxy. I think you will see a fairly detailed heuristic for how we measure management.”

Contrary to your statement, Enzo’s 2020 proxy statement does not disclose any metrics by which you judged management’s performance. It seems that in reaction to our criticisms regarding excessive compensation for Rabbani and Weiner during last year’s proxy campaign Enzo has chosen to completely remove the financial performance measures the Company historically disclosed. The appropriate response would have been to set reasonable and market-based measurable targets for Rabbani and Weiner, disclose those targets to your shareholders, and only pay bonuses if those targets were met.

Fiscal 2020 revenue declined 6% and the Company generated a loss of $28.5 million. We believe that it is clear that performance-based cash bonuses were not warranted. Yet the Compensation Committee approved a $500,000 cash bonus to Rabbani and a $375,000 cash bonus to Weiner, which is the same amount of performance-based compensation they received in 2019 and 2018.

Even more shockingly, Enzo paid senior management these excessive bonuses in a year when the Company took out a $7 million PPP loan.

We believe these facts are offensive to your shareholders and Enzo’s employees. If you were somehow mislead by Rabbani or fear his retribution, then we encourage you to join us in our demand for his resignation. Conversely, if you have decided to go along with what appears to be a clear misuse of shareholder resources, then we question your ability to make decisions that are in the best interests of your shareholders.

Rewarding Rabbani and Weiner as Enzo’s stock price struggles under their leadership continues an unfortunate pattern that has gone on much too long. As a director we call on you to start taking meaningful steps to hold both of them more accountable.

Sincerely,

Harbert Discovery Fund, LP
Harbert Discovery Co-Investment Fund I, LP

Kenan Lucas, Managing Director and Portfolio Manager of Harbert Discovery Fund GP, LLC and Harbert Discovery Co-Investment Fund I GP, LLC

Important Disclosure
THIS STATEMENT CONTAINS OUR CURRENT VIEWS ON THE VALUE OF SECURITIES OF ENZO BIOCHEM, INC. (“ENZO”). OUR VIEWS ARE BASED ON OUR ANALYSIS OF PUBLICLY AVAILABLE INFORMATION AND ASSUMPTIONS WE BELIEVE TO BE REASONABLE. THERE CAN BE NO ASSURANCE THAT THE INFORMATION WE CONSIDERED IS ACCURATE OR COMPLETE, NOR CAN THERE BE ANY ASSURANCE THAT OUR ASSUMPTIONS ARE CORRECT. WE DO NOT RECOMMEND OR ADVISE, NOR DO WE INTEND TO RECOMMEND OR ADVISE, ANY PERSON TO PURCHASE OR SELL SECURITIES AND NO ONE SHOULD RELY ON THIS STATEMENT OR ANY ASPECT OF THIS STATEMENT TO PURCHASE OR SELL SECURITIES OR CONSIDER PURCHASING OR SELLING SECURITIES. THIS STATEMENT DOES NOT PURPORT TO BE, NOR SHOULD IT BE READ, AS AN EXPRESSION OF ANY OPINION OR PREDICTION AS TO THE PRICE AT WHICH ENZO’S SECURITIES MAY TRADE AT ANY TIME. AS NOTED, THIS STATEMENT EXPRESSES OUR CURRENT VIEWS ON ENZO. OUR VIEWS AND OUR HOLDINGS COULD CHANGE AT ANY TIME WITHOUT NOTICE AND WE MAKE NO COMMITMENT TO UPDATE THIS STATEMENT IN THE EVENT OUR VIEWS OR HOLDINGS CHANGE. INVESTORS SHOULD MAKE THEIR OWN DECISIONS REGARDING ENZO AND ITS PROSPECTS WITHOUT RELYING ON, OR EVEN CONSIDERING, ANY OF THE INFORMATION CONTAINED IN THIS STATEMENT.

About Harbert Discovery Fund (HDF)

HDF invests in a concentrated portfolio of publicly traded small capitalization companies in the US and Canada. We perform significant due diligence on each portfolio company prior to investing. In addition to researching all publicly available information and meeting with management, our diligence includes substantial primary research with industry experts, consultants, bankers, customers and competitors. We often spend months or years researching ideas before making an investment decision and we only invest in companies that we believe are significantly undervalued, and where there is the potential for change to enhance or accelerate value creation. In an effort to unlock this potential value, we seek to work directly with the boards and management teams of our portfolio companies privately and collaboratively, engaging with them on a range of factors including governance, board composition, corporate strategy, capital allocation, strategic alternatives and operations. We have effected positive, fundamental changes at our current and past investments through this behind-the-scenes, constructive approach.

About Harbert Management Corporation (HMC)

HMC is an alternative asset management firm with approximately $7.5 billion in regulatory assets under management as of November 30, 2020. HMC currently sponsors eight distinct investment strategies with dedicated investment teams. Additional information about HMC can be found at www.harbert.net.



Contact:

Investor Relations
[email protected]
205-987-5500

Beck and Lee Trial Lawyers Represent Black Real Estate Developer in Discrimination Class Action Against Wells Fargo

Lawsuit Stems From Bank’s Refusal to Deposit $3 Million Check; Virtual Press Conference Scheduled to Encourage Customers With Similar Complaints Join Class Action

MIAMI, BALTIMORE and SAN FRANCISCO, Dec. 15, 2020 (GLOBE NEWSWIRE) — Beck and Lee Trial Lawyers of Miami announced today that it is representing Black real estate developer Ernst Valery of Baltimore in a class action against Wells Fargo after the bank refused to deposit his $3 million check. Attorneys said the complaint and demand for jury trial has been filed in the United States District Court of Northern California, and they seek to represent all others with similar claims against the national bank (Case number 3:20-cv-08874, Valery v. Wells Fargo & Company et al.). A virtual press conference is scheduled for Wednesday, December 16, 2020 at 1 p.m. EST.

“Mr. Valery’s experience is just one more in a striking series of shameful “banking while black” incidents that have occurred at Wells Fargo branches in recent years, which constitute overwhelming evidence of systematic racism emanating from this banking institution,” Beck said. “A June 2020 New York Times article describes four recent examples of “banking while black,” three of which occurred at Wells Fargo bank branches: (1) in December 2018, Claire Middleton tried to cash a $200 check at a Wells Fargo branch in Atlanta, where bank employees promptly accused her of fraud and summoned police; (2) in March 2019, Jabari Bennett attempted to withdraw $6400 from his Wells Fargo account containing approximately $70,000 so he could buy a used car, but the Wilmington, Delaware branch refused to accept he was the account holder and threatened to call the police when he persisted in trying to complete the transaction; and (3) in April 2019, the manager of a Tampa, Florida-area Wells Fargo branch uttered the “N-word” to attorney Benndrick Watson while he was trying to open a business account for his law firm.”

The full article written by NY Times reporter Emily Flitter can be found here: http://archive.is/E4jLP

In the latest case, Valery, who immigrated to the United States from Haiti at the age of eight, is a prominent real estate developer, with a focus on low-income and underserved minority communities, who has built residential and commercial real estate projects across the country including in Maryland, Washington, D.C., Pennsylvania, Virginia, California, and New York. The Baltimore Business Journal profiled Valery’s impressive career in May 2019: https://www.bizjournals.com/baltimore/news/2019/05/23/podcast-developer-ernst-valery-on-investing-in.html

On October 9, 2020, according to the lawsuit, Valery and his wife visited the Wells Fargo branch at 5701 Reisterstown Road in Baltimore, which is the branch closest to their home. Valery had a check from the State of Maryland made out to Mr. and Mrs. Valery in the amount of three million dollars, which they wished to deposit in their joint account. It was a payment in connection with a historic tax credit that had been awarded by the State of Maryland for a development project Valery recently spearheaded to transform an abandoned Baltimore church into a brewery and affordable housing (https://www.baltimoresun.com/opinion/columnists/dan-rodricks/bs-md-rodricks-0605-story.html).

The complaint stated when Valery presented the check for deposit, he was a customer of over 20 years standing with Wells Fargo, with multiple accounts under his name.

“Yet, instead of simply depositing the check and thanking Mr. Valery for his continued patronage of Wells Fargo, the bank manager emerged and proceeded to barrage him, in front of his wife, with a battery of interrogatives questioning his entitlement to the funds and his knowledge of what the funds were for, and then the manager affirmatively suggested he was not the type of person who should be allowed to possess proceeds in such an amount,” Beck said. “Even after Mr. Valery calmly and professionally attempted to explain the source of the check and the nature of the tax credit involved (none of which he was required to divulge to the banker but which he did in order to placate the situation and facilitate the transaction), the Wells Fargo manager continued to refuse Mr. Valery’s request to deposit the funds in the joint account.”

Beck said the suit seeks to certify an Injunctive Relief and a Damages Class of all black individual bank customers of Wells Fargo. Attorneys are also asking the court to order Wells Fargo to implement whatever measures are necessary to remedy the violation of law described in the complaint; to notify each and every black banking customer of Wells Fargo an opportunity to obtain damages or restitution; and to order Wells Fargo to pay damages, including compensatory damages and punitive damages.

“It is a shameful remnant of an era in American history when black people were considered property rather than individuals with the right to own property,” Beck added. “The time has long since come to put an end to this, once and for all.”

Members of the press can join the media conference via Zoom:

Topic: Valery v. Wells Fargo / Press Conference
Time: Dec 16, 2020 01:00 PM Eastern Time (US and Canada)

Join Zoom Meeting
https://zoom.us/j/92088620355?pwd=MFU2c3JWTnlGWUtxRlAyaTQ1Z0tmdz09
Meeting ID: 920 8862 0355
Passcode: 536318

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For More Information Contact:

Charles Jones
[email protected]
305-987-7418

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cccb9b3a-d810-4552-9022-2d0eab337eb1

A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/b04f627e-67e0-4581-959a-bd0fc0f37b39