North Carolina Business
Harte Hanks reduces executive and director compensation
02 02 2018
SAN ANTONIO, Feb. 02, 2018 -- Harte Hanks (NYSE:HHS), a leader in developing customer relationships, experiences and interaction-led marketing, today announced significant changes to its executive and board compensation for 2018. Responding to market trends and best practices, and with a view to broader alignment with stockholders and reducing costs, the company has made the following changes:CEO Compensation: Base salary for Karen Puckett, CEO, will be reduced by 35% for 2018, and she will not be eligible for a cash annual incentive plan payment for 2018.Change in Control Severance Agreements: The company’s CEO and several other executives have agreed to modify their agreements which provide benefits in defined change in control circumstances to reduce the multiple applied to calculate potential severance payments, and all executives agreed to amendments that reduce the potential acceleration of performance-based equity awards.Board Compensation: The Board made a number of changes to...
Millrock Reports Potential Business Transaction Concerning Its Exploration Projects in the Golden Triangle District, British Columbia
02 02 2018
VANCOUVER, BC--(Marketwired - February 02, 2018) - Millrock Resources Inc. (TSX VENTURE: MRO) (OTCQX: MLRKF) ("Millrock") is pleased to report developments concerning its exploration projects in the Golden Triangle District of British Columbia. Under the contemplated transaction, Millrock will vend its Todd Creek project to Sojourn Exploration Inc. ("Sojourn") (TSX VENTURE: SOJ). The terms of the existing option agreements with Sojourn concerning Millrock's Oweegee Dome and Willoughby projects would also be modified. If the transaction is completed Millrock will be a 19.9% owner of Sojourn, and a royalty holder on the properties. Additionally, under the proposal, Sojourn will issue shares to Seven Devils Exploration Ltd. ("SDE") for four British Columbia projects. The SDE team will take over executive and technical management of Sojourn. The intended result will be a well-financed exploration company managed by an outstanding technical team that will specialize as a British Columbia...
Viking Therapeutics Announces Pricing of $55.0 Million Public Offering of Common Stock
02 02 2018
SAN DIEGO, Feb. 2, 2018 -- Viking Therapeutics, Inc. ("Viking") (NASDAQ: VKTX), a clinical-stage biopharmaceutical company focused on the development of novel therapies for metabolic and endocrine disorders, today announced the pricing of its public offering of 11,000,000 shares of its common stock at a price to the public of $5.00 per share. Gross proceeds, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $55.0 million. Viking currently intends to use the net proceeds from the offering for continued development of its VK5211, VK2809 and VK0214 programs and for general research and development, working capital and general corporate purposes. In addition, Viking has granted the underwriters a 30-day option to purchase up to 1,650,000 additional shares of its common stock. The offering is expected to close on or about February 6, 2018, subject to satisfaction of customary closing conditions.
William Blair & Company,...
Global Optical Coating Equipment Market to Reach $4,611 Million by 2023 - Allied Market Research
02 02 2018
PORTLAND, Oregon and PUNE, India, February 2, 2018 --
According to a new report published by Allied Market Research, titled, "Optical Coating Equipment by Material, Application and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023," the optical coating equipment market was valued at $3,402 million in 2016, and is projected to reach at $4,611 million by 2023, growing at a CAGR of 4.6% from 2017 to 2023. Asia-Pacific is expected to be the leading contributor to the global optical coating equipment market, followed by Europe and North America.
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The increase in scope of application for materials science and engineering across different industry verticals is expected to drive the demand for optical coating equipment. Also, the advancement in fabrication technology for...
Fēnix Designed Energy District Morphs Master Planned Community into Massive Thermal Energy Asset
02 02 2018
VANCOUVER, Canada, Feb. 2, 2018 -- Green energy innovator Fēnix Energy (Fēnix) has partnered with an award winning multinational developer to design, build and operate a new thermal Network Energy System® across a high-rise development spanning 12 acres. When complete, the 4 million square feet mixed-use development in the heart of Burnaby, BC will be powered by an innovative system that harvests and reuses the thermal energy of its buildings; creating an asset that provides sustained economic and environmental returns."We believe buildings have untapped potential," commented Adrian Ryan, Director, Business Development. "The conventional way of developing commercial real estate portfolios was to invest in 'business as usual' mechanical systems within buildings. The 'Fēnix approach' is to partner with developers and utilities to deliver high-grade energy infrastructure, enabling clients to harvest, store and trade thermal energy. By analyzing the projected...
Office Practicum Announces Growth Investment by Pamlico Capital
02 02 2018
As we enter the second phase of healthcare information technology adoption, both doctors and investors have come to appreciate the value and ROI of specialty solutions
FORT WASHINGTON, Pa. February 02, 2018
Pamlico Capital (“Pamlico”) and the management team of Connexin Software, Inc. dba Office Practicum (“OP” or the “Company”) announced today that Pamlico has completed a growth investment in the Company. Co-founder and CEO Gregory H. Anderson and the OP management team will maintain a significant ownership position and continue to manage the growth of the Company with support from Pamlico. Further transaction details have not been disclosed.
“As we enter the second phase of healthcare information technology adoption, both doctors and investors have come to appreciate the value and ROI of specialty solutions,” said Gregory H. Anderson, CEO of OP. “Six years ago, Bluff Point Associates helped a passionate group of entrepreneurs build a solid company around the...
Routemaster Capital Updates On Blockchain Investment Opportunities
02 02 2018
TORONTO, Feb. 02, 2018 -- Routemaster Capital Inc. (TSX-V:RM) (“Routemaster” or the “Company”) is pleased to provide a business update and summary of recent activities.Routemaster is an investment issuer with strategic investments in Sulliden Mining, Aberdeen International, Fura Gems, Trigon Metals, Pacific Rim Cobalt, Desert Lion Energy. It also holds NSR royalties in the Val d’Or region in Quebec and an NSR on the Sal de los Angeles lithium project in Argentina.Routemaster’s latest investment is in Pinedale Springs LLC (“Pinedale”), a company that owns and operates a solar farm cryptocurrency data centre in Cary, North Carolina. As announced on December 14, 2018, the Company signed a letter of intent to invest US$1.35 million to acquire 49% in Pinedale (the “Transaction”) with the current management set to continue to build and expand the blockchain cryptocurrency facility. Routemaster will be a minority investor and financial advisor to assist in the future growth...
Hovnanian Enterprises, Inc. Announces Closing of Financing Transactions
02 02 2018
RED BANK, N.J., Feb. 02, 2018 -- Hovnanian Enterprises, Inc. (NYSE:HOV) (“Hovnanian” or the “Company”) announced today that it has closed its previously announced financing transactions with GSO Capital Partners LP (“GSO”), Blackstone’s credit platform (NYSE:BX), and certain funds managed or advised by it.As part of such financing transactions, the Company’s wholly-owned subsidiary, K. Hovnanian Enterprises, Inc. (“K. Hovnanian”), accepted all of the $170,226,000 aggregate principal amount of the 8.000% Senior Notes due 2019 (the “8% 2019 Notes”) tendered in its previously announced exchange offer (the “Exchange Offer”) with respect to the 8% 2019 Notes (representing 72.14% of the aggregate principal amount outstanding prior to the Exchange Offer). In connection therewith, on February 1, 2018, K. Hovnanian issued $90,590,000 aggregate principal amount of its 13.5% Senior Notes due 2026 and $90,120,000 aggregate principal amount of its 5.0% Senior Notes due 2040...
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