What happened Shares of Inovio Pharmaceuticals (NASDAQ: INO) were tanking by 10.3% as of 11:08 a.m. EST on Tuesday. The decline came after the company provided its fourth-quarter update following the market close on Monday.
What happened Shares of Inovio Pharmaceuticals (NASDAQ: INO) were tanking by 10.3% as of 11:08 a.m. EST on Tuesday. The decline came after the company provided its fourth-quarter update following the market close on Monday.
iQor announces promotion of Prabhjot Singh to Chief Digital Officer
The Program Hosts Its Seventh AcceleratorCOLORADO SPRINGS, April 19, 2021 (GLOBE NEWSWIRE) -- Nine small businesses will come together virtually from across the country for the Catalyst Accelerator’s cohort focused on On-Orbit Servicing, Assembly, and Manufacturing. The Catalyst Accelerator, powered by the Air Force Research Lab Space Vehicles Directorate (AFRL/RV), was developed to promote technology advancement for the warfighter and guide technology transfer for the government to industry and vice versa. The implications for in-space manufacturing are seemingly limitless. Therefore, the US Space Force, in conjunction with AFRL/RV, is seeking bold and disruptive technologies enabling on-orbit servicing and manufacturing. The On-Orbit Servicing, Assembly, and Manufacturing cohort will meet virtually every other week for 3 months beginning April 27th. Each company will collaborate with subject matter experts, work with government and commercial Sherpas, complete an intensive customer discovery process, and receive funding sponsored by Booz Allen Hamilton. The cohort will conclude with a Demo Day in July where companies will pitch their technology to government and industry partners. KiMar Gartman, Program Director for The Catalyst Accelerator, stated, “The competition for entrance into this Accelerator was very intense! We read many amazing applications and listened to numerous pitches on various OSAM technologies. From these, we have chosen the top eight innovative companies. The technologies being developed by these small businesses will greatly increase the United States’ ability to expand its reach into space and explore regions previously off limits to previous generations.” The Catalyst Accelerator team, with evaluators from the military and industry sectors, selected the following small businesses to participate in the upcoming On-Orbit Servicing, Assembly, and Manufacturing cohort: Atomos Nuclear and Space Corporation (Denver, Colorado) is building and operating Orbital Transfer Vehicles (OTVs) to reduce the cost of access to space. OTVs allow greater ridesharing, expand the capabilities of existing launch vehicles, and allow repositioning to new orbits for new missions without affecting satellite lifetime. Atomos uses electric propulsion in a scalable architecture to allow variety in thrust and efficiency depending on the mission need. Their autonomous, ubiquitous rendezvous approach allows capture of nearly all unmodified client satellites, in any orbit or gravitational environment. https://www.atomosspace.com/ Benchmark Space Systems (Burlington, Vermont) has a mission to enable the next phase of on-orbit operations by building the most comprehensive lineup of in-space mobility products and services. With a strong foundation in green propellant thrusters from 10 mN to 500N, the Benchmark team has been adding several layers to their technology stack that result in mobility solutions that are responsive to a multitude of OSAM objectives. By combining state of the art green propellants with innovative thruster technology, a flexible avionics system and bus-agnostic software, their products and support services can be applied to any size spacecraft from 3U through OTV, ESPA, and Landers. https://www.benchmarkspacesystems.com/ Neutron Star Systems (Cologne, Germany) mission is to enable the next generation of space markets. They aspire to grow and expand the high-power space market by commercializing and standardizing the use of High-Temperature Superconductors in space systems. They apply superconductors to Electric Propulsion, Re-Entry Shielding, Power Management and Distribution, and Radiation Shielding Systems. Their products will drastically reduce the mass and volume of spacecraft systems for high power and maximize their efficiency and power. Ultimately, Neutron Star Systems goal is to allow both new and existing mission scenarios to be delivered in more economically and technically feasible ways. https://www.neutronstar.systems/ NovaWurks (Los Alamitos, California) advances building blocks and tools for a new era of space security, safety, commerce, and exploration. Their vision is to democratize and enable space activities, for them to be as ubiquitous to everyone as similar activities are on earth. NovaWurks provides a way for satellites to be rapidly configured at lower cost through use of platform technology that conforms to customer Payloads, not the other way around, in an easy to interface, adapt, and configure manner. NovaWurks continues to build systems using biomimicking stem-cell-like modules with software-definable capabilities that include control, communications, sensors, actuators, pointing, power, data handling/processing, assembly/docking, and propulsion. With their unique heritage and expertise at the forefront of aggregation, NovaWurks offers next-generation architecture for on-orbit assembly and reconfiguration services across a diverse set of markets. https://www.novawurks.com/ Obruta Space Solutions Corp. (Ottawa, Ontario) is creating the foundational infrastructure to support the emerging on-orbit services economy. They envision a future in which satellites sustainably occupy the orbital environment and no longer operate under a single-use mentality. To achieve this, Obruta is equipping satellites with their Puck interface for both terrestrial and in-space servicing. Additionally, Obruta is providing the necessary services to extend and enhance their mission lifespans. https://www.obruta.com/ Orbit Fab, Inc. (San Francisco, California) is building "Gas Stations in Space™", a supply chain for propellant in Earth orbit. Every year $10B worth of satellites get destroyed because they run out of fuel. Orbit Fab’s customers realize capital cost reductions up to 75% and net savings over 50%, and Orbit Fab captures gross margins of 90%. Key to the ecosystem is the company's RAFTI fueling port and docking interface, which is being widely adopted in the industry around the world with over $2M in contracts with companies in North America, Japan, and Europe, as well as the US Air Force, NASA, and NSF, and received $3M worth of launches and other support from the US International Space Station National Lab. Their hardware has already flown to space in 2019, when they became the first private company to supply the International Space Station with water and in June of 2021, they will launch the world's first satellite fuel tanker. https://www.orbitfab.space/ Orbital Composites, Inc. (San Jose, California) is developing Additive Manufacturing of electronic composites enabling on-orbit manufacturing of large, precise, and resilient space structures like solar arrays, RF antennas and segmented optics. On-orbit manufacturing capability will provide increased reliability, reduced cost and accelerated deployment of large space structures compared to conventional launch systems. OC’s patented 3D printable quantum field antenna can be manufactured in pieces and assembled in-space or can be directly printed in-space. Incredibly large (>100m) antennas are possible at the fraction of the cost of current unfurlable antennas. Stealth communication is also possible. To reduce the production, transportation cost and mission system build rate, OC proposes manufacturing the entire structure of antenna array in the required orbit from its raw prefabricated material stock. OC can also 3D print the entire composite support structures. The technology can also be extended to make pressure vessels capable of supporting human-rated systems. All OC technology is dual use to reduce commercial risk. https://www.orbitalcomposites.com/ Skycorp Inc. (Santa Clara, California) is building the Orbital Logistics Vehicle (OLV). This is the world’s first fully reusable spacecraft, through propulsion system “reprovisioning” which eliminates refueling and the ability to easily swap out payloads as customer needs and markets change. The OLV’s operational range is the inner solar system and its diverse payloads include RF, Optical, tug, and robotic servicing. http://www.skycorpinc.com/ About Catalyst Accelerator The United States Space Force’s Catalyst Accelerator is a NewSpace-focused defense and national security industry accelerator, headquartered on the Catalyst Campus for Technology and Innovation (CCTI) in Colorado Springs, Colorado. CCTI is a collaborative ecosystem where industry, small business, entrepreneurs, startups, government, academia, and investors intersect with Colorado’s aerospace and defense industry to create community, spark innovation, and stimulate business growth. The Catalyst Accelerator is a collaborative program hosted by Catalyst Campus for Technology and Innovation (CCTI, a Colorado 501(c)3) in partnership with the United States Space Force, and the Air Force Research Laboratory to provide a robust, mentor-driven curriculum for accelerator teams. CONTACT: Mrs. KiMar Gartman Catalyst Accelerator Program Director 719-394-0606 KiMar.Gartman@CatalystCampus.Org
PASCAGOULA, Miss., April 19, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Ingalls Shipbuilding division has received a fourth contract modification from the U.S. Navy for $107 million to provide long-lead-time material and advance procurement activities for amphibious assault ship LHA 9. This modification brings the total advance funding for LHA 9 to $457 million. “The amphibious warship production line is a critical component of our nation’s defense industrial base,” Ingalls Shipbuilding President Kari Wilkinson said. “This funding will strengthen our suppliers and sustain jobs across the country in support of LHA 9 construction.” Ingalls is the sole builder of large-deck amphibious ships for the Navy. The shipyard delivered its first amphibious assault ship, the Iwo Jima-class USS Tripoli (LPH 10), in 1966. Ingalls has since built five Tarawa-class (LHA 1) ships, eight Wasp-class (LHD 1) ships and the first in the new America class of amphibious assault ships (LHA 6) in 2014. The second ship in the America class, USS Tripoli (LHA 7), was delivered to the Navy in early 2020. Bougainville (LHA 8) is under construction. Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs more than 42,000 people operating both domestically and internationally. For more information, please visit www.huntingtoningalls.com. HII on the web: www.huntingtoningalls.comHII on Facebook: www.facebook.com/HuntingtonIngallsIndustriesHII on Twitter: twitter.com/hiindustriesHII on YouTube: www.youtube.com/huntingtoningallsHII on Instagram: www.instagram.com/huntingtoningalls Contact: Teckie Hinkebeinteckie.firstname.lastname@example.org(228) 935-1323
Almost two-thirds of NFL teams have said that they won't participate in voluntary offseason workouts over COVID-19 safety concerns.
With Suggs now heading to the NBA draft and expected to land somewhere among the top three picks, he’s auctioning off a commemorative NFT celebrating his semi-finals buzzer beater.
The Met Office has said with the exception of some light rain and cloud on Tuesday, the coming week is set to stay dry and sunny across the UK.
ATLANTA, April 19, 2021 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) plans to release financial results for its second quarter ended March 31, 2021, after U.S. markets close on Monday, May 3, 2021. On Tuesday, May 4, 2021, at 9:00 a.m. ET, the Company will hold a conference call to discuss earnings and business results. Interested parties are invited to listen via webcast available on the Investor Relations section of the Company’s website www.muellerwaterproducts.com. An archive of the webcast will be available for approximately 90 days following the call. About Mueller Water Products, Inc. Mueller Water Products, Inc. (“Mueller”) is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. Our broad product and service portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, and pipe condition assessment. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure®. Visit us at www.muellerwaterproducts.com. Mueller refers to one or more of Mueller Water Products, Inc., a Delaware corporation, and its subsidiaries. Mueller and each of its subsidiaries are legally separate and independent entities when providing products and services. Mueller does not provide products or services to third parties. Mueller and each of its subsidiaries are liable only for their own acts and omissions and not those of each other. MWP brands include Mueller®, Echologics®, Hydro Gate®, Hydro-Guard®, HYMAX®, Jones®, Krausz®, Mi.Net®, Milliken®, Pratt®, Pratt Industrial®, Singer®, and U.S. Pipe Valve & Hydrant. Please see www.muellerwp.com/brands to learn more. Investor Relations Contact: Whit Kincaid770email@example.com Media Contact: Yolanda Kokayi770firstname.lastname@example.org
Astrophysicist and the Frederick P. Rose Director of the Hayden Planetarium at the American Museum of Natural History, Dr. Neil deGrasse Tyson, explains the signifcance of the Ingenuity helicopter flying on Mars.
Flower One Holdings Inc. ("Flower One" or the "Company") (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator and producer in Nevada, is pleased to announce today that (i) following its press release dated April 14, 2021, the Company has completed its restructuring transaction with its 9.5% unsecured debentures due March 28, 2022 (the "March Debentures") and 9.5% unsecured convertible debentures due November 15, 2022 (the "November Debentures", and together with the March debentures, the "Debentures"), both of which will now reflect a maturity date of January 31, 2024, and (ii) in connection with this restructuring transaction, a second loan modification agreement has been agreed upon with the term lender to the Company and its affiliates.
It's a common scene on school days, but is what these cars are doing legal? Find out why this road rules quiz has sparked debate online.
Closing arguments took place at Derek Chauvin’s murder trial Monday. Defense attorney Eric Nelson argued that Chauvin acted reasonably under the circumstances and that Floyd died of underlying heart disease and illegal drug use. (Apr. 19)
Officials ruled out bear spray or chemical irritant causing Officer Brian Sicknick’s death
Thomas Tuchel insists he is "not the guy" to answer for Chelsea over their involvement in the controversial planning for a Super League breakaway. Chelsea supporters' groups have spoken out against the decision while there are plans for a protest outside Stamford Bridge ahead of their game against Brighton on Tuesday night. With no member of the Chelsea hierarchy available to take questions, Tuchel was left to deal with them alone, but insisted he is not the right person to ask.
AM Best has assigned a Long-Term Issue Credit Rating of "a-" to the $850 million 3.35% 10-year senior unsecured notes issued by Sammons Financial Group, Inc. (SFG, Inc.) (Delaware), an intermediate holding company indirectly owned by Sammons Enterprises, Inc. (SEI). The outlook assigned to this Credit Rating (rating) is stable. All other ratings of SEI and its subsidiaries are unchanged.
Further Expands and Strengthens SPX’s Position in Engineered Lighting SolutionsCHARLOTTE, N.C., April 19, 2021 (GLOBE NEWSWIRE) -- SPX Corporation (“SPX”) (NYSE: SPXC) today announced that it has completed the acquisition of Sealite Pty Ltd (“Sealite”) and affiliated entities, including Avlite Systems and Star2M Pty Ltd. Sealite is a leader in the design and manufacture of marine and aviation Aids to Navigation (“AtoN”) products, with headquarters in Somerville, Australia and operations in the United States, Singapore, Colombia and the United Kingdom. Sealite’s results will be reported as part of SPX’s AtoN platform within its Detection & Measurement segment. SPX anticipates updating 2021 guidance to reflect Sealite when reporting Q1 2021 results on May 6th, and currently anticipates that Sealite will contribute annualized revenue in a range of $30 million to $40 million. “We are excited to welcome Sealite to the SPX team,” said Gene Lowe, President and CEO of SPX. “This acquisition further expands and strengthens SPX’s position in engineered specialty lighting by adding another leading designer and manufacturer of AtoN solutions. We believe that Sealite’s high-value marine and airfield lighting applications and strong position in the Asia Pacific region are an excellent strategic fit with SPX’s existing portfolio of terrestrial and marine obstruction solutions, and strong position in Europe and the Americas.” Chris Procter, Chief Executive Officer of Sealite commented, “We are very pleased to be part of SPX, as it creates numerous opportunities for employees and customers to continue our growth journey. Combining Sealite’s high-quality lighting products and regional strength with SPX’s extensive infrastructure and resources is a great opportunity to further advance product development and extend the reach of our combined solutions to a broader customer base.” About SPX Corporation: SPX Corporation is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. Based in Charlotte, North Carolina, SPX Corporation had approximately $1.6 billion in annual revenue in 2020 and more than 4,500 employees in 15 countries. SPX Corporation is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com. About Sealite: Sealite is a privately-held company headquartered near Melbourne, Australia, with approximately 150 employees in Australia, Singapore, the United Kingdom and the US. The company is a technology leader in the design and manufacture of aids to navigation equipment including for marine and aviation applications. For more information, please visit www.sealite.com and www.avlite.com. Investor and Media Contacts:Paul Clegg, Vice President, Investor Relations and CommunicationsPhone: 980-474-3806E-mail: email@example.com Nick Illuminati, Manager, Investor RelationsPhone: 980-474-3806E-mail: firstname.lastname@example.org Source: SPX Corporation
Company Reports Net Income of $596,000, or $0.11 Per Share on a Fully Diluted Basis, in Fiscal 2020 Compared to Net Income of $78,000, or $0.02 Per Share, in Fiscal 2019 Cranford, New Jersey, April 19, 2021 (GLOBE NEWSWIRE) -- TOFUTTI BRANDS INC. (OTCQB Symbol: TOFB) issued its results for the fiscal year ended January 2, 2021 today. The Company reported net income of $596,000 ($0.12 per share basic and $0.11 per share diluted) on net sales of $13,815,000 for the fiscal year ended January 2, 2021 compared to net income of $78,000 ($0.02 per share, basic and diluted) on net sales of $13,130,000 for the fiscal year ended December 28, 2019. The improved profitability in fiscal 2020 is primarily attributable to a $445,000 decrease in selling and warehousing expenses, an $89,000 decrease in marketing expenses and an $84,000 decrease in product development costs. Sales of vegan cheese products increased to $11,669,000 in fiscal 2020 from $11,241,000 in fiscal 2019 and sales of the Company’s frozen dessert and frozen food product lines increased to $2,146,000 in fiscal 2020 from $1,889,000 in fiscal 2019. The increase in sales of vegan cheese products was attributable in great measure to increased sales of the Company’s food service-sized BETTER THAN CREAM CHEESE and BETTER THAN SOUR CREAM products. The Company’s gross profit for the year ended January 2, 2021 increased to $4,253,000 from $4,037,000, and its gross profit percentage remained steady at 31%. As of January 2, 2021, the Company had approximately $1,459,000 in cash, and its working capital was $4,639,000 compared with approximately $514,000 in cash and working capital of $3,840,000 at December 28, 2019. Recent Events On February 24, 2021 David Mintz, the Company’s founder, Chief Executive Officer and Chairman of the Board of Directors, passed away. Steven Kass, Chief Financial Officer, was appointed interim CEO by its Board of Directors. To date, the effects of the pandemic have not materially affected the Company’s operations or sales. All of its co-packing facilities are currently operating as normal and the pandemic has not constrained any of its production requirements. The Company continues to be able to schedule trucks for delivery and a large majority of its customers are still operating and ordering the Company’s products as before. Mr. Steven Kass, Interim Chief Executive Officer and Chief Financial Officer of the Company stated, “During 2020 we were able to continue to operate successfully, improving our sales and net income. We are continuing to meet market demand for our products while maintaining the safety of our employees, substantially all of whom are working remotely. We look forward to continuing our upward trajectory in fiscal 2021,” concluded Mr. Kass. About Tofutti Brands Inc. Founded in 1981, Tofutti Brands Inc. develops and distributes a complete line of plant-based products. The Company sells more than 35 milk-free foods including cheese products, frozen desserts and prepared frozen dishes. Tofutti Brands Inc. is a proven innovator in the food industry and has developed a full line of delicious and healthy dairy-free foods. Available throughout the United States and in more than 15 countries, Tofutti Brands answers the call of millions of people who are allergic or intolerant to dairy or wish to maintain a kosher or vegan diet. Tofutti’s product line includes plant-based ice cream pints, cones, Tofutti Cutie® sandwiches and novelty bars. Tofutti also sells a prepared food entrée, Mintz’s Blintzes®, made with Tofutti’s milk-free cheeses such as Better Than Cream Cheese® and Sour Supreme®. For more information, visit www.tofutti.com. Forward-Looking Statements. Some of the statements in this press release concerning the Company’s future prospects are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Actual results may vary significantly based upon a number of factors including, but not limited to the impact of COVID-19 on the economy and our operations, business conditions both domestic and international, competition, changes in product mix or distribution channels, resource constraints encountered in promoting and developing new products and other risk factors detailed in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K. Company Contact:Steve Kass Chief Financial Officer (908) 272-2400 (908) 272-9492 (Fax) TOFUTTI BRANDS INC. Statements of Income(in thousands, except per share figures) Fiscal yearendedJanuary 2, 2021* Fiscal yearendedDecember 28, 2019* Net sales $13,815 $13,130 Cost of sales 9,562 9,093 Gross profit 4,253 4,037 Total operating expenses 3,377 3,929 Income from operations 876 108 Interest expense- related party 25 25 Income before provision for income taxes 851 83 Provision for income taxes 255 5 Net income $596 $78 Weighted average common shares outstanding: Basic 5,154 5,154 Diluted 5,456 5,154 Net income per common share: Basic $0.12 $0.02 Diluted $0.11 $0.02 * Derived from audited financial information TOFUTTI BRANDS INC. Balance Sheets(in thousands, except per share figures) January 2,2021* December 28,2019* Assets Current assets: Cash $1,459 $514 Accounts receivable, net of allowance for doubtful accounts and sales promotions of $457 and $407, respectively 2,078 1,819 Inventories 1,997 1,929 Prepaid expenses and other current assets 88 120 Total current assets 5,622 4,382 Equipment, net 135 145 Operating lease right-of-use assets 224 252 Deferred tax assets 83 217 Other assets 19 30 Total assets $6,083 $5,026 Liabilities and Stockholders’ Equity Current liabilities: SBA loan payable $112 — Income taxes payable 117 — Accounts payable 219 167 Accrued expenses 535 375 Total current liabilities 983 542 Convertible note payable-long term-related party 500 500 SBA loan payable, net of current portion 53 — Operating lease liabilities 123 156 Total liabilities 1,659 1,198 Stockholders’ equity: Preferred stock - par value $.01 per share; authorized 100,000 shares, none issued and outstanding — — Common stock - par value $.01 per share; authorized 15,000,000 shares, issued and outstanding 5,153,706 shares 52 52 Additional paid-in capital 207 207 Retained earnings 4,165 3,569 Total stockholders’ equity 4,424 3,828 Total liabilities and stockholders’ equity $6,083 $5,026 * Derived from audited financial information.
Thursday, April 29, 2021 at 9:00 a.m. Central TimeHOUSTON, April 19, 2021 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its first quarter 2021 earnings conference call for Thursday, April 29, 2021 at 9:00 a.m. Central Time. During the call, Oil States will discuss the results for the quarter ended March 31, 2021, which are expected to be released on Wednesday, April 28, 2021, after the markets close. This call is being webcast and can be accessed at Oil States’ web site at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (888) 771-4371 in the United States or by dialing +1 (847) 585-4405 internationally and using the passcode of 50146955. A replay of the conference call will be available one and a half hours after the completion of the call by clicking on the following link: First Quarter 2021 Earnings Conference Call Replay. About Oil StatesOil States International, Inc. is a global provider of manufactured products and services to customers in the oil and natural gas, industrial and military sectors. The Company's manufactured products include highly engineered capital equipment and consumable products. Oil States is headquartered in Houston, Texas with manufacturing and service facilities strategically located across the globe. Oil States is publicly traded on the New York Stock Exchange under the symbol "OIS". For more information on the Company, please visit Oil States International’s website at www.oilstatesintl.com. Company Contact:Lloyd A. HajdikOil States International, Inc.Executive Vice President, Chief Financial Officer and Treasurer 713-652-0582
CHINO, Calif., April 19, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat Packaging” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally-friendly disposable foodservice products and related items, today announced the closing of its previously announced initial public offering of 3,950,000 shares of its common stock at a price to the public of $16.00 per share. Gross proceeds to the Company from the offering, before deducting underwriting discounts and commissions and other offering expenses, were approximately $63.2 million. The shares sold in the offering began trading on the Nasdaq Global Select Market under the symbol “KRT” on April 15, 2021. Karat Packaging intends to use the net proceeds from the offering for the repayment of approximately $30 million of existing indebtedness, as well as other general corporate purposes, including possible facility expansions and acquisitions. Stifel, William Blair and Truist Securities were lead bookrunning managers for the offering. National Securities Corporation and D.A. Davidson & Co. were co-managers. Akerman LLP served as legal counsel to Karat Packaging and McGuireWoods LLP served as legal counsel to the underwriters. A registration statement relating to the securities sold in this offering has been filed with the Securities and Exchange Commission (the “SEC”) on Form S-1 (Reg. No. 333-253270) and was declared effective by the SEC on April 15, 2021. This registration statement can be obtained by visiting EDGAR on the SEC website at www.sec.gov. Copies of the prospectus relating to this offering may be obtained from: Stifel, Nicolaus & Company, Incorporated, One South Street, 15th Floor, Baltimore, MD 21202, Attention: Syndicate Department, Email: Syndprospectus@stifel.com; William Blair & Company, LLC, 150 North Riverside Plaza, Chicago, IL 60606, Attention: Prospectus Department, Phone: (800) 621-0687, Email: email@example.com; or Truist Securities, Inc., 3333 Peachtree Road NE, 9th floor, Atlanta, Georgia 30326, Attention: Prospectus Department, Email: TruistSecurities.prospectus@Truist.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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 Karat Packaging Inc. Karat Packaging Inc. is a specialty distributor and manufacturer of a wide range of environmentally friendly, disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings throughout the United States. Its products include food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves and other products. The Company’s eco-friendly Karat Earth® line offers quality, sustainably focused products that are made from renewable resources. Karat Packaging also offers customized solutions, including new product development and design, printing, and logistics services. Cautionary Note Concerning Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, the intended use of proceeds from the offering. No assurance can be given that the proceeds will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website at www.sec.gov. Karat Packaging undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Investor Relations and Media Contact:PondelWilkinson Inc.Judy Lin Sfetcu or Roger Pondel310firstname.lastname@example.org
EXCLUSIVE: The Labour Party leader is also in favour of at least limiting the ownership of clubs to reduce the amount of control clubs such as the current ‘Big Six’ occupy
Liverpool have conceded an 87th-minute equaliser to draw 1-1 at Leeds United, denying Jurgen Klopp's team from returning to the top four of the Premier League.Which position Liverpool finish might not matter anymore, given they are one of the 12 clubs behind the creation of a controversial Super League that is threatening to split the historic structure of European soccer.