M&amp;A https://www.benzinga.com/views/taxonomy/term/64 en 'SPACs Attack' Recap: Looking Back At 5 SPAC Deals, Rumors And Top Headlines https://www.benzinga.com/m-a/21/05/21024467/spacs-attack-recap-looking-back-at-5-spac-deals-rumors-and-top-headlines <p>Last week featured five announced SPAC deals and several rumors. The week also had earnings from several well-known former SPACs. Here is a look back at the week in SPACs for deals, rumors and headline news all covered on Benzinga&rsquo;s &ldquo;<a href="https://www.youtube.com/playlist?list=PL4k0fH8EgI3Z9twaah9Sz_PQQ7VC19X_Y">SPACs Attack</a>.&rdquo;</p> <h2><strong>SPAC Deals</strong></h2> <p>Navitas Semiconductor <a href="https://www.prnewswire.com/news-releases/navitas-semiconductor-the-industry-leader-in-gallium-nitride-gan-power-ics-to-go-public-at-an-enterprise-value-of-1-04-billion-via-live-oak-ii-spac-business-combination-301286331.html">announced </a>a SPAC deal with <strong>Live Oak Acquisition Corp II </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lokb#NYSE">LOKB</a>). The deal values the company at $1.04 billion. Navitas has proprietary GaNFast, a next generation semiconductor technology that the company says can deliver up to three times faster charging in half the size and weight compared to legacy silicon chips. Over 18 million GaNFast power ICs have shipped to key customers including Dell, Lenovo, LG, Amazon and Belkin. Markets for the GaN include mobile, consumer enterprise, renewables and electric vehicles.</p> <p>Science 37, a developer of the decentralized clinical trial operating system, <a href="https://www.businesswire.com/news/home/20210507005149/en/Science-37-to-Become-Publicly-Listed-via-Merger-with-LifeSci-Acquisition-II-Corp.-Powering-the-Clinical-Trial-Operating-System-of-the-Future">announced </a>a SPAC merger with <strong>LifeSci Acquisition II Corp </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lsaq#NASDAQ">LSAQ</a>). The company provides customers with a platform to &ldquo;empower clinical research while optimizing the experience and outcomes for patients and researchers.&rdquo; The company has completed over 95 clinical trials involving more than 366,000 patients. Science 37 believes it can speed up patient enrollment, improve patient retention and reach a more representative population. The company works with pharmaceutical companies, biotech companies and academic and governmental institutions.</p> <p>ESS Tech <a href="https://www.businesswire.com/news/home/20210507005241/en/">announced </a>a SPAC deal with <strong>ACON S2 Acquisition Corp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stwo#NASDAQ">STWO</a>). ESS Tech is an energy storage company that has a low-cost storage battery that could help support renewables and stabilize the electrical grid. ESS is seeking to develop low-cost energy storage systems unlike traditional lithium-ion batteries. ESS uses abundant elements like iron, salt and water, which are more cost effective and environmentally safe.</p> <p>Jasper Therapeutics, a biotech company focused on hematopoietic stem cell transplants, is <a href="https://www.businesswire.com/news/home/20210506005725/en/Jasper-Therapeutics-and-Amplitude-Healthcare-Acquisition-Corporation-Announce-Merger-to-Create-a-Publicly-Listed-Leading-Biotechnology-Company-in-Hematopoietic-Stem-Cell-Transplantation">going public</a> with <strong>Amplitude Healthcare Acquisition Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amhc#NASDAQ">AMHC</a>). The deal is expected to help Jasper advance their JSP191 through trials in patients with AML/MDS. Jasper is targeting life threatening diseases like blood cancers, sickle cell diseases and immunodeficiencies.</p> <p>Roivant Sciences is going public with<strong> Montes Archimedes Acquisition Corp</strong> ...</p><p><a href=https://www.benzinga.com/m-a/21/05/21024467/spacs-attack-recap-looking-back-at-5-spac-deals-rumors-and-top-headlines alt=&#039;SPACs Attack&#039; Recap: Looking Back At 5 SPAC Deals, Rumors And Top Headlines>Full story available on Benzinga.com</a></p> ABUS ACTC AMHC ARVL Bloomberg CFAC Chamath Palihapitiya DKNG EBAY Equinox FTOC GENI GTPB IACB IMVT IPOF LEV LOKB LSAQ M&A MAAC News NFTs non-fungible token online sports betting Payoneer PLBY PTON SIOX SPAC SPACs SPACs Attack STWO TTCF UBER Small Cap IPOs Trading Ideas EBAY US2786421030 STWO ACTC US00752K1051 ARVL UBER LSAQ ABUS MAAC LEV LOKB GENI GTPB PTON IACB AMHC IMVT DKNG FTOC IPOF TTCF PLBY CFAC SIOX News M&A Small Cap IPOs Trading Ideas Benzinga Sat, 08 May 2021 20:16:41 +0000 Chris Katje 21024467 at https://www.benzinga.com LGI Homes Acquires Real Estate Assets of Minnesota Homebuilder https://www.benzinga.com/pressreleases/21/05/g21022174/lgi-homes-acquires-real-estate-assets-of-minnesota-homebuilder <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">THE WOODLANDS, Texas, May 07, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ" rel="nofollow">LGIH</a>) today announced it has acquired the real estate assets of Minneapolis, Minnesota-based KenRoe, Inc., a privately held homebuilder and land development company, for approximately $27 million at closing, subject to post-closing adjustments. KenRoe is recognized for building quality homes targeted at entry-level buyers. The acquired assets include approximately 85 homes under construction, 130 finished lots, and 390 lots either raw or under development. Additionally, LGI is acquiring control of approximately 2,500 raw, undeveloped lots that will be available for future sales as the Company continues to expand its operations throughout the Minneapolis ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21022174/lgi-homes-acquires-real-estate-assets-of-minnesota-homebuilder alt=LGI Homes Acquires Real Estate Assets of Minnesota Homebuilder>Full story available on Benzinga.com</a></p> LGIH M&A News Press Releases Fri, 07 May 2021 22:22:52 +0000 Globe Newswire 21022174 at https://www.benzinga.com Cannabis Stock Gainers And Losers From May 7, 2021 https://www.benzinga.com/markets/cannabis/21/05/21020643/cannabis-stock-gainers-and-losers-from-may-7-2021 <h3>GAINERS:</h3> <ul> <li><strong><a href="https://quotes.benzinga.com/quote/TBPMF" target="_blank">Tetra Bio Pharma</a>&nbsp;</strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tbpmf#OTC">TBPMF</a>) shares closed up 22.62% at $0.38</li> <li><strong><a href="https://quotes.benzinga.com/quote/IVITF" target="_blank">Invictus MD Strategies</a>&nbsp;</strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ivitf#OTC">IVITF</a>) shares closed up 16.28% at $0.05</li> <li><strong><a href="https://quotes.benzinga.com/quote/TLRY" target="_blank">Tilray</a>&nbsp;(</strong>NASDAQ:TLRY) shares closed up 14.35% at $16.18</li> <li><strong><a href="https://quotes.benzinga.com/quote/OGI" target="_blank">OrganiGram Holdings</a>&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ogi#NASDAQ">OGI</a>) shares closed up 12.7% at $2.75</li> <li><strong><a href="https://quotes.benzinga.com/quote/MGCLF" target="_blank">MGC Pharmaceuticals</a>&nbsp;</strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mgclf#OTC">MGCLF</a>) shares closed up 12.14% at $0.05</li> <li><strong><a href="https://quotes.benzinga.com/quote/ZYNE" target="_blank">Zynerba Pharmaceuticals</a>&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zyne#NASDAQ">ZYNE</a>) shares closed up 11.97% at $4.49</li> <li><strong><a href="https://quotes.benzinga.com/quote/ZBISF" target="_blank">Zenabis Global</a>&nbsp;</strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/zbisf#OTC">ZBISF</a>) shares closed up 9.06% at $0.11</li> <li><strong><a href="https://quotes.benzinga.com/quote/SNDL" target="_blank">Sundial Growers</a>&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sndl#NASDAQ">SNDL</a>) shares closed up 7.41% at $0.77</li> <li><strong><a href="https://quotes.benzinga.com/quote/VFF" target="_blank">Village Farms Intl</a>&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vff#NASDAQ">VFF</a>) shares closed up 7.34% at $11.11</li> <li><strong><a href="https://quotes.benzinga.com/quote/HRVSF" ...</strong></li></ul><p><a href=https://www.benzinga.com/markets/cannabis/21/05/21020643/cannabis-stock-gainers-and-losers-from-may-7-2021 alt=Cannabis Stock Gainers And Losers From May 7, 2021>Full story available on Benzinga.com</a></p> ACB BE BMMJ CANN Cannabis cannabis stocks CNGGF CNTMF CNVCF CRBP CRLBF CURR EPWCF GRWG HEXO HRVSF IVITF legal weed stocks M&A marijuana stocks MBII MGCLF OGI Penny Stocks RHNMF SNDL stocks TBPMF TGODF VFF VIVO ZBISF ZYNE Small Cap After-Hours Center Markets VIVO US5895841014 TGODF MBII EPWCF CANN HEXO OGI CRLBF CRBP HRVSF ZYNE ZBISF CNTMF ACB SNDL VFF RHNMF BE CNVCF GRWG IVITF CURR TBPMF BMMJ CNGGF MGCLF M&A Penny Stocks Cannabis Small Cap After-Hours Center Markets Benzinga Fri, 07 May 2021 21:20:36 +0000 Jose Rodrigo Safdiye 21020643 at https://www.benzinga.com 2 Former Tesla Executives Launch A SPAC Targeting EVs: What Investors Should Know https://www.benzinga.com/m-a/21/05/21018594/2-former-tesla-executives-launch-a-spac-targeting-evs-what-investors-should-know <p>One of the most well-known electric vehicle stocks in the world is<strong> Tesla Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>). The company could face competition from several EV startups that&nbsp;have gone public via SPAC.</p> <p>A SPAC is making its debut&nbsp;with two former Tesla executives targeting the EV sector.</p> <p><strong>The SPAC Offering: </strong>Ascendant Mobility Acquisition Corp I is <a href="https://www.sec.gov/Archives/edgar/data/1858981/000119312521145963/d135958ds1.htm">planning </a>to sell 35 million units for $350 million. Each unit will include a common share and one-third of a warrant.</p> <p>The company has not announced a ticker for units or common shares yet.</p> <p><em>Related Link: <a href="https://www.benzinga.com/news/21/01/18992353/10-top-spac-picks-for-investors-to-consider-in-2021">10 Top SPAC Picks For Investors To Consider In 2021</a></em></p> <p><strong>The Management Team:</strong> Ascendant Mobility Acquisition Corp I will be led by two former Tesla executives, Peter Bardenfleth-Hansen and&nbsp;Jochen Rudat, who will be co-CEOs. The duo worked for Tesla from 2009 to 2019 serving as ...</p><p><a href=https://www.benzinga.com/m-a/21/05/21018594/2-former-tesla-executives-launch-a-spac-targeting-evs-what-investors-should-know alt=2 Former Tesla Executives Launch A SPAC Targeting EVs: What Investors Should Know>Full story available on Benzinga.com</a></p> ACND Ascendant Digital electric vehicles Elon Musk F M&A News SPAC SPACs TSLA Small Cap IPOs F US3453708600 TSLA US88160R1014 ACND News M&A Small Cap IPOs Benzinga Fri, 07 May 2021 20:56:50 +0000 Chris Katje 21018594 at https://www.benzinga.com Cardtronics Announces Shareholder Approval for Acquisition by NCR and Reports First Quarter 2021 Results https://www.benzinga.com/pressreleases/21/05/g21019482/cardtronics-announces-shareholder-approval-for-acquisition-by-ncr-and-reports-first-quarter-2021-r <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">HOUSTON, May 07, 2021 (GLOBE NEWSWIRE) -- Cardtronics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATM#NASDAQ" rel="nofollow">CATM</a>) ("Cardtronics" or the "Company"), the world&#039;s largest ATM owner/operator, announced today its financial and operational results for the quarter ended March 31, 2021.<br /></p> <p align="justify">"During the first quarter, we saw continued strength in our U.S. business, our largest market, driven by growth in surcharge-free transactions, resulting in another solid quarter of profits and cash flow generation," said Ed West, CEO of Cardtronics.</p> <p align="justify">"As modern banking and consumer preferences evolve, our value proposition for financial institutions, FinTechs and retailers has never been stronger. With our leading network, innovative solutions, exceptional service and convenience, we continue to earn new business and expand existing relationships, as evidenced by 12% organic growth in bank-branding and surcharge-free network revenues during the first quarter."</p> <p align="justify">"We are pleased that over 99% of our voting shareholders voted in favor of the previously announced acquisition agreement with NCR, and we look forward to completing the transaction. We believe by combining our capabilities, we are better positioned to offer our customers an even broader range of financial solutions, enhanced level of services, and greater overall value," concluded West.</p> <p align="justify"><strong>First Quarter 2021 Financial Highlights:</strong></p> <p align="justify">Pandemic-related restrictions continue to be dynamic and impact consumer activity and transaction levels across the Company&#39;s footprint. Strong recoveries of transactions in the U.S. and South Africa continued into Q1 2021. Adverse impacts from extended and, in some cases, more restrictive government-mandated lockdown measures for certain geographies, in particular the operations in the U.K., Canada, Germany, and Spain, continued throughout the first quarter of 2021.</p> <ul type="disc"> <li style="margin-top:10pt; text-align:justify;">Total revenues of $267.8 million, down 12.6% from $306.6 million in the prior year, and down 15.2% on a constant-currency basis. Growth in our core U.S. business was offset by declines in other regions, especially in the U.K. and Canada, which were heavily impacted by pandemic-related social restrictions.</li> <li style="text-align:justify;">ATM operating revenues of $255.0 million, down 12.6% from $291.8 million in the prior year, and down 15.1% on a constant-currency basis. U.S. same-store withdrawals increased 6% vs. Q1 2020 and were up 5% vs. Q1 2019 (non-pandemic impacted).</li> <li style="text-align:justify;">GAAP Net income of $5.9 million, or $0.13 per diluted share, compared to $5.8 million, or $0.13 per diluted share in the prior year.</li> <li style="text-align:justify;">Adjusted Net Income per diluted share of $0.42, in line with the prior year.</li> <li style="text-align:justify;">Adjusted EBITDA of $69.6 million, up 9.2% from $63.7 million in the prior year, and up 6.0% on a constant-currency basis, positively impacted by business rate (property tax) recoveries in the U.K of approximately $12.0 million</li> <li style="text-align:justify;">Adjusted EBITDA margin of 26.0% compared to 20.8% in the prior year.</li> <li style="text-align:justify;">An increase in restricted cash and corresponding liabilities caused reported net cash provided by operating activities to be $69.4 million compared to $1.1 million in the prior year. Adjusted net cash provided by operating activities, which excludes the impact of restricted cash settlement activity, was $65.0 million compared to $41.0 million in the prior year.</li> <li style="text-align:justify;">Adjusted free cash flow of $48.8 million compared to $22.6 million in the prior year.</li> <li style="text-align:justify;">Net Debt reduction of $24.3 million during the quarter.<br /></li> </ul> <p align="justify"><strong>Recent Business Highlights: </strong></p> <ul type="disc"> <li style="margin-top:8pt; text-align:justify;">New ATM service agreement for over 300 ATMs with MAPCO, a leading convenience store chain throughout the southeastern U.S.</li> <li style="text-align:justify;">Expanded branding relationship with KeyBank for approximately 50 ATMs at Kum &amp; Go locations in Colorado</li> <li style="text-align:justify;">Adding approximately 50 ATMs at CVS Pharmacy locations in Hawaii</li> <li style="text-align:justify;">Six new partners added to the Allpoint+ cash deposit network during Q1 2021</li> </ul> <p align="justify"><strong>Proposed Transaction with NCR Corporation and Upcoming Investor Communications</strong></p> <p align="justify">As previously announced on January 25, 2021, the Company entered into an acquisition agreement with NCR Corporation (&#34;NCR&#34;) pursuant to which NCR will acquire all outstanding shares of Cardtronics for $39.00 per share in cash. The transaction, which has been approved by the board of directors of both companies, is expected to close in mid-2021, subject to the satisfaction of customary closing conditions, including regulatory approvals. Cardtronics shareholders approved the transaction on May 7, 2021. In light of the pending transaction, Cardtronics is not holding quarterly earnings conference calls but is issuing this quarterly earnings release and is providing additional financial and business information in an earnings supplement posted on the Company&#39;s website.</p> <p align="justify">See <em>Disclosure of Non-GAAP Financial Information</em> in this earnings release for definitions of Adjusted Gross Profit, Adjusted Gross Margin, EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, Adjusted Net Income per diluted share (may also be referred to by the Company as &#34;Adjusted EPS&#34;), Adjusted Net Cash Provided by Operating Activities, Adjusted Free Cash Flow, Net Debt and certain other financial measures recognized under generally accepted accounting principles in the U.S. ("U.S. GAAP" or "GAAP") and other non-GAAP measures that are used by management on a constant-currency basis. For additional information, including reconciliations to the most directly comparable GAAP measure, see the supplemental schedules of selected financial information in this earnings release.</p> <p align="justify">The Company may also refer to revenue or profit growth as being organic. When providing growth measures on an organic basis, the Company aims to exclude the estimated impact from any acquired or divested businesses that may be included or partially included in one period but not another. The Company may further adjust organic performance measures for the impacts of currency movements, in order to have a consistent performance comparison across periods for the business, excluding movements in exchange rates.</p> <p align="justify"><strong>About Cardtronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATM#NASDAQ" rel="nofollow">CATM</a>)</strong></p> <p align="justify">Cardtronics is the trusted leader in financial self-service, enabling cash transactions at over 285,000 ATMs across 10 countries in North America, Europe, Asia-Pacific, and Africa. With our scale, expertise and innovation, top-tier merchants and businesses of all sizes use our ATM solutions to drive growth, in-store traffic, and retail transactions. Financial services providers rely on Cardtronics to deliver superior service at their own ATMs, on Cardtronics ATMs where they place their brand, and through Cardtronics&#39; Allpoint network, the world&#039;s largest retail-based surcharge-free ATM network, with over 55,000 locations. As champions of cash, Cardtronics converts digital currency into physical cash, driving payments choice for businesses and consumers alike. Learn more about Cardtronics by visiting <a href="http://www.cardtronics.com" title="www.cardtronics.com" rel="nofollow">www.cardtronics.com</a> and by following us on LinkedIn and Twitter.</p> <p><strong>Contact Information</strong></p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"> <tr> <td style="max-width:50%; width:50%; min-width:50%;;vertical-align: top ; "><strong>Investor Relations</strong><br />Brad Conrad<br />832-308-4000<br />ir@cardtronics.com</td> <td style="max-width:50%; width:50%; min-width:50%;;vertical-align: top ; "><strong>Media Relations</strong><br />Lisa Albiston<br />832-308-4000<br />corporatecommunications@cardtronics.com</td> </tr> </table> <p align="justify"><strong>Cautionary Statement Regarding Forward-Looking Statements</strong></p> <p align="justify">This earnings release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended and are intended to be covered by the safe harbor provisions thereof. Forward-looking statements can be identified by words such as &#34;project,&#34; &#34;believe,&#34; &#34;estimate,&#34; &#34;expect,&#34; &#34;future,&#34; &#34;anticipate,&#34; &#34;intend,&#34; &#34;contemplate,&#34; &#34;foresee,&#34; &#34;would,&#34; &#34;could,&#34; &#34;plan,&#34; and similar expressions that are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on management&#039;s current expectations and beliefs concerning future developments and their potential effect on the Company and there can be no assurance that future developments affecting the Company will be those that are anticipated. All comments concerning the Company&#039;s expectations for future revenues and operating results are based on its estimates for its existing operations and do not include the potential impact of any future acquisitions. The Company&#039;s forward-looking statements involve significant risks and uncertainties (some of which are beyond its control) and assumptions that could cause actual results to differ materially from its historical experience and present expectations or projections. Risk factors are described in the Company&#039;s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as updated by the Company&#039;s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and those set forth from time-to-time in other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements contained in this earnings release, which speak only as of the date of this earnings release. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events, or otherwise.</p> <p align="justify"><strong>Disclosure of Non-GAAP Financial Information</strong></p> <p align="justify">In order to assist readers of our consolidated financial statements in understanding the operating results that Management uses to evaluate the business and for financial planning purposes, the Company presents the following non-GAAP measures as a complement to financial results prepared in accordance with U.S. GAAP: Adjusted Gross Profit, Adjusted Gross Margin, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Tax Rate, Adjusted Net Income per diluted share, Adjusted Net Cash Provided by Operating Activities, Adjusted Free Cash Flow, and certain other results presented on a constant-currency basis. Management believes that the presentation of these measures and the identification of notable, non-cash, non-operating costs, and/or (if applicable in a particular period) certain costs not anticipated to occur in future periods enhance an investor&#039;s understanding of the underlying trends in the Company&#039;s business and provide for better comparability between periods in different years. In addition, Management presents Net Debt as a measure of our financial condition. Management believes that these measures are relevant and provide useful information widely used by analysts, investors and other interested parties in the Company&#039;s industry to provide a baseline for evaluating and comparing our operating performance, financial condition and, in the case of free cash flow, our liquidity results. Management uses these non-GAAP financial measures in managing and measuring the performance of the business, including setting and measuring incentive-based compensation for management.</p> <p align="justify">The non-GAAP financial measures presented herein should not be considered in isolation or as a substitute for operating income, net income, cash flows from operating, investing, or financing activities, or other income or cash flow measures prepared in accordance with U.S. GAAP. Reconciliations of the non-GAAP financial measures used herein to the most directly comparable U.S. GAAP financial measures are presented in tabular form at the end of this earnings release. In addition, the non-GAAP measures that are used by the Company are not defined in the same manner by all companies and therefore may not be comparable to other similarly titled measures of other companies.</p> <p align="justify"><strong>Adjusted Gross Profit and Adjusted Gross Margin </strong></p> <p align="justify">Adjusted Gross Profit represents total revenues less the total cost of revenues, excluding depreciation, accretion, and amortization of intangible assets. Adjusted Gross Margin is calculated by dividing Adjusted Gross Profit by total revenues.</p> <p align="justify"><strong>EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin</strong></p> <p align="justify">EBITDA adds net interest expense, income tax expense (benefit), depreciation and accretion, amortization of deferred financing costs and note discounts, amortization of intangible assets, and certain costs not anticipated to occur in future periods to net income. Adjusted EBITDA and Adjusted EBITDA Margin exclude the items excluded from EBITDA as well as share-based compensation expense, certain other income and expense amounts, acquisition related expenses, gains or losses on disposal and impairment of assets, certain non-operating expenses (if applicable in a particular period), and includes an adjustment for noncontrolling interests. Depreciation and accretion expense and amortization of intangible assets are excluded from Adjusted EBITDA and Adjusted EBITDA margins as these amounts can vary substantially from company to company within our industry depending upon accounting methods and book values of assets, capital structures, and the methods by which the assets were acquired. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by total revenues.</p> <p align="justify"><strong>Adjusted Net Income, Adjusted Net Income per Diluted Share and Adjusted Tax Rate</strong></p> <p align="justify">Adjusted Net Income represents net income computed in accordance with U.S. GAAP, before amortization of intangible assets, deferred financing costs and note discount, gains or losses on disposal and impairment of assets, share-based compensation expense, certain other income and expense amounts, acquisition related expenses, certain non-operating expenses, and (if applicable in a particular period) certain costs not anticipated to occur in future periods (together, the "Adjustments"). The non-GAAP tax rate used to calculate Adjusted Net Income was approximately 27.1% and 23.6% for the three months ended March 31, 2021 and 2020, respectively. The non-GAAP tax rates represent the U.S. GAAP tax rate for the period as adjusted by the estimated tax impact of the items adjusted from the measure. Adjusted Net Income per diluted share is calculated by dividing Adjusted Net Income by weighted average diluted shares outstanding.</p> <p align="justify"><strong>Adjusted Net Cash Provided by Operating Activities and Adjusted Free Cash Flow</strong></p> <p align="justify">Adjusted Net Cash Provided by Operating Activities is defined as cash provided by operating activities less the impact of changes in restricted cash due to the timing of payments of restricted cash liabilities.</p> <p align="justify">Adjusted Free Cash Flow is defined as Adjusted Net Cash Provided by Operating Activities less payments for capital expenditures, including those financed through direct debt, but excluding acquisitions. The Adjusted Free Cash Flow measure does not take into consideration certain financing activities and other non-discretionary cash requirements such as mandatory principal payments on portions of the Company&#039;s long-term debt.</p> <p align="justify"><strong>Net Debt </strong></p> <p align="justify">Net Debt represents the principal amount of current and long-term debt outstanding less cash and cash equivalents. The carrying value of current and long-term debt is reconciled to the principal amount by adding the unamortized debt issuance costs and discounts.</p> <p align="justify"><strong>Constant-Currency </strong></p> <p align="justify">Management calculates certain GAAP as well as non-GAAP measures on a constant-currency basis using the average foreign currency exchange rates applicable in the corresponding period of the previous year and applying these rates to the measures in the current reporting period to assess performance and eliminate the effect foreign currency exchange rates have on comparability between periods.</p> <p align="justify"><br /></p> <p align="center"><strong>Consolidated Statements of Operations</strong><br /><strong>For the Three Months Ended March 31, 2021 and 2020</strong><br /><strong>(In thousands, excluding share, per share amounts, and percentages)</strong><br /><strong>(Unaudited)</strong></p> <table align="center" style="border-collapse: collapse; width:100%; border-collapse:collapse ;"> <tr> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="11" style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>Three Months Ended</strong></td> </tr> <tr> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="11" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>March 31,</strong></td> </tr> <tr> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="4" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2021</strong></td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td colspan="4" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2020</strong></td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>% Change</strong></td> </tr> <tr> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="4" style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="4" style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> </tr> <tr> <td style="vertical-align: bottom ; ">Revenues:</td> <td style="vertical-align: bottom ; "> </td> <td colspan="4" style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="4" style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> </tr> <tr> <td style="max-width:58%; width:58%; min-width:58%;;vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">ATM operating revenues</td> <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; "> </td> <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">$</td> <td style="max-width:12%; width:12%; min-width:12%;;padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">255,018</td> <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; "> </td> <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">$</td> <td style="max-width:12%; width:12%; min-width:12%;;padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">291,799</td> <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; "> </td> <td style="max-width:9%; width:9%; min-width:9%;;padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>(12.6</em><em>)%</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">ATM product sales and other revenues</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">12,816</td> <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">14,803</td> <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>(13.4</em><em>)</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Total revenues</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">267,834</td> <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">306,602</td> <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>(12.6</em><em>)</em></td> </tr> <tr> <td style="vertical-align: bottom ; ">Cost of revenues:</td> <td style="vertical-align: bottom ; "> </td> <td colspan="4" style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="4" style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "> </td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">Cost of ATM operating revenues (excludes depreciation, accretion, and amortization of intangible assets reported separately below)</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">150,803</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">193,630</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>(22.1</em><em>)</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">Cost of ATM product sales and other revenues</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">8,796</td> <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">12,092</td> <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>(27.3</em><em>)</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Total cost of revenues</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">159,599</td> <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">205,722</td> <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>(22.4</em><em>)</em></td> </tr> <tr> <td style="vertical-align: bottom ; ">Operating expenses:</td> <td style="vertical-align: bottom ; "> </td> <td colspan="4" style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="4" style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "> </td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">Selling, general, and administrative expenses</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">42,909</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">42,378</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>1.3</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">Restructuring expenses</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">1,692</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">1,209</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>40.0</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">Acquisition related expenses</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">1,440</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">—</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>n/m</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">Depreciation and accretion expense</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">32,285</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">32,211</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>0.2</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">Amortization of intangible assets</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">6,086</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">8,413</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>(27.7</em><em>)</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">Loss on disposal and impairment of assets</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">353</td> <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">921</td> <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>(61.7</em><em>)</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Total operating expenses</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">84,765</td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">85,132</td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>(0.4</em><em>)</em></td> </tr> <tr> <td style="vertical-align: bottom ; ">Income from operations</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">23,470</td> <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">15,748</td> <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>49.0</em></td> </tr> <tr> <td style="vertical-align: bottom ; ">Other expenses:</td> <td style="vertical-align: bottom ; "> </td> <td colspan="4" style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="4" style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "> </td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">Interest expense, net</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">10,761</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">6,421</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>67.6</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">Amortization of deferred financing costs and note discount</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">1,043</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">3,486</td> <td style="padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>(70.1</em><em>)</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 15.0px; vertical-align: bottom ; ">Other expenses, net</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">2,842</td> <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">3,829</td> <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>n/m</em></td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; ">Total other expenses</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">14,646</td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">13,736</td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>6.6</em></td> </tr> <tr> <td style="vertical-align: bottom ; ">Income before income taxes</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">8,824</td> <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">2,012</td> <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="padding-right: 0 ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>338.6</em></td> </tr> <tr> <td style="vertical-align: bottom ; ">Income tax expense (benefit)</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">2,951</td> <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">(3,737</td> <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; ">)</td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "><em>n/m</em></td> </tr> <tr> <td style="vertical-align: bottom ; "><em>Effective tax rate</em></td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "><em>33.4 </em></td> <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><em>%</em></td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "><em>(185.7</em></td> <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><em>)</em></td> <td style="border-top: solid black 1pt ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "><em>%</em></td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "> </td> </tr> <tr> <td style="vertical-align: bottom ; ">Net income</td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">5,873</td> <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">5,749</td> <td ...</tr></table><p><a href=https://www.benzinga.com/pressreleases/21/05/g21019482/cardtronics-announces-shareholder-approval-for-acquisition-by-ncr-and-reports-first-quarter-2021-r alt=Cardtronics Announces Shareholder Approval for Acquisition by NCR and Reports First Quarter 2021 Results>Full story available on Benzinga.com</a></p> CATM Earnings M&A News Press Releases Fri, 07 May 2021 20:15:00 +0000 Globe Newswire 21019482 at https://www.benzinga.com Why Social Capital Hedosophia Holdings Corp. V's Stock Is Trading Higher Today https://www.benzinga.com/m-a/21/05/21018820/why-social-capital-hedosophia-holdings-corp-vs-stock-is-trading-higher-today <p><strong>Social Capital Hedosophia Holdings Corp. V</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ipoe#NYSE">IPOE</a>) shares are trading higher after the company set its shareholder meeting to merge with SoFi for May 27.</p> <p>Social Capital Hedosophia Holdings Corp. V does not have ...</p><p><a href=https://www.benzinga.com/m-a/21/05/21018820/why-social-capital-hedosophia-holdings-corp-vs-stock-is-trading-higher-today alt=Why Social Capital Hedosophia Holdings Corp. V&#039;s Stock Is Trading Higher Today>Full story available on Benzinga.com</a></p> IPOE M&A why it's moving Small Cap Movers Trading Ideas IPOE M&A Small Cap Movers Trading Ideas Benzinga Fri, 07 May 2021 19:58:23 +0000 Randy Elias 21018820 at https://www.benzinga.com Proactive news headlines including Power Reit, Delta 9 Cannabis, Bragg Gaming and Acasti Pharma https://www.benzinga.com/pressreleases/21/05/g21016632/proactive-news-headlines-including-power-reit-delta-9-cannabis-bragg-gaming-and-acasti-pharma <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>New York, May 07, 2021 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies:</p> <ul> <li style="margin-top:0cm; margin-bottom:10pt;">Power REIT (NYSEAMERICAN:PW)1Q earnings per share surge 275% as acquisitions lift results <a href="https://www.proactiveinvestors.com/" rel="nofollow" target="_blank" rel="nofollow">click here </a></li> <li style="margin-top:0cm; margin-bottom:10pt;">Ipsidy Inc (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/IDTY#OTCQB" rel="nofollow">IDTY</a>) reports slimmer 1Q loss, recaps busy quarter in financial update <a href="https://www.proactiveinvestors.com/" rel="nofollow" target="_blank" rel="nofollow">click here </a></li> <li style="margin-top:0cm; margin-bottom:10pt;">Plurilock Security Inc (CVE:PLUR) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/PLCKF#OTCQB" rel="nofollow">PLCKF</a>) awarded US$1.15M order with US Department of the Navy<a href="https://www.proactiveinvestors.com/" rel="nofollow" target="_blank" rel="nofollow"> click here </a></li> <li style="margin-top:0cm; margin-bottom:10pt;">Codebase Ventures Inc (CSE:<a class="ticker" href="https://www.benzinga.com/stock/CODE#CSE" rel="nofollow">CODE</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/BKLLF#OTCQB" rel="nofollow">BKLLF</a>) investee Arcology completes DSToken showcase as internal tests show speeds of up to 28,000 transactions per second<a href="https://www.proactiveinvestors.com/" rel="nofollow" target="_blank" rel="nofollow"> click here </a></li> <li style="margin-top:0cm; margin-bottom:10pt;">Delta 9 Cannabis Inc (TSE:DN) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/DLTNF#OTCQX" rel="nofollow">DLTNF</a>) expects 1Q revenue of C$12.9M to $13.3M on higher retail sales<a href="https://www.proactiveinvestors.com/" rel="nofollow" target="_blank" rel="nofollow"> click here </a></li> <li style="margin-top:0cm; margin-bottom:10pt;">Bragg Gaming Group (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BRAG#TSX" rel="nofollow">BRAG</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BRGGF#OTC" rel="nofollow">BRGGF</a>) says ORYX Gaming subsidiary signs deal to strengthen foothold in Mexico <a href="https://www.proactiveinvestors.com/" rel="nofollow" ...</li></ul><p><a href=https://www.benzinga.com/pressreleases/21/05/g21016632/proactive-news-headlines-including-power-reit-delta-9-cannabis-bragg-gaming-and-acasti-pharma alt=Proactive news headlines including Power Reit, Delta 9 Cannabis, Bragg Gaming and Acasti Pharma>Full story available on Benzinga.com</a></p> ACST BKLLF BRGGF CLSK CSE:CODE CSE:XPHY DLTNF IDTY KRRGF M&A News ORGS PLCKF RACMF TSX:BRAG XPHYF Management Press Releases Fri, 07 May 2021 17:36:20 +0000 Globe Newswire 21016632 at https://www.benzinga.com Builders FirstSource Acquires John's Lumber, Gaining Distribution in Another Top 50 MSA and Scale That Will Benefit Existing Operations Throughout Michigan https://www.benzinga.com/pressreleases/21/05/g21015965/builders-firstsource-acquires-johns-lumber-gaining-distribution-in-another-top-50-msa-and-scale-th <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">DALLAS, May 07, 2021 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NASDAQ" rel="nofollow">BLDR</a>), the largest supplier of building products, prefabricated components and value-added services in the United States, today announced it has purchased the assets of John&#039;s Lumber. John&#039;s Lumber operates two locations serving the greater Detroit metropolitan statistical area (MSA), the No. 41 ranked single-family housing market in the country and home to nearly half the starts completed in the state of Michigan annually.<br /></p> <p align="justify">John&#039;s Lumber was founded by Roy Aggeler in 1947 and has remained family-owned and operated ever since. The John&#039;s Lumber team has built its reputation on a dedication to excellence in service that brings value to each and every customer who walks through the door. The company is a leading supplier of lumber and sheet goods, windows, doors, millwork, siding, decking, kitchen and bath, and installation services to homebuilders, remodel contractors and retail consumers. Revenue for the last twelve months is approximately $49 million.</p> <p align="justify">"I&#039;m happy to welcome ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21015965/builders-firstsource-acquires-johns-lumber-gaining-distribution-in-another-top-50-msa-and-scale-th alt=Builders FirstSource Acquires John&#039;s Lumber, Gaining Distribution in Another Top 50 MSA and Scale That Will Benefit Existing Operations Throughout Michigan>Full story available on Benzinga.com</a></p> BLDR M&A News Press Releases Fri, 07 May 2021 17:00:00 +0000 Globe Newswire 21015965 at https://www.benzinga.com Regulators Approve CP's And KCS' Request To Form Pre-Merger Voting Trust https://www.benzinga.com/m-a/21/05/21015029/regulators-approve-cps-and-kcs-request-to-form-pre-merger-voting-trust <p>The <a href="https://www.stb.gov/">Surface Transportation Board</a> (STB) has determined that <strong><a href="https://www.cpr.ca/">Canadian Pacific</a></strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cp#NYSE">CP</a>) and <strong><a href="https://www.kcsouthern.com/">Kansas City Southern</a> </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ksu#NYSE">KSU</a>) can proceed with establishing a voting trust as a way to protect Kansas City Southern (KCS) and its shareholders during the merger process.</p> <p>CP and KCS <a href="https://www.freightwaves.com/news/railroad-megamerger-could-be-boom-for-shippers">had announced plans</a> to merge in March, while CP rival <strong><a href="https://www.cn.ca/">CN</a></strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cni#NYSE">CNI</a>) <a href="https://www.freightwaves.com/news/cn-kansas-city-southern-merger-would-target-competition-from-trucks">said in April</a> that it is also interested in acquiring KCS. Both CP and CN are Canadian railways, and they propose that a merger with KCS would create a railroad that has operations across Canada, the U.S. Midwest and into Mexico.</p> <p>STB&#039;s Thursday decision grants CP and KCS permission to use a voting trust as a way to prevent any premature takeover of KCS and to enable KCS to continue to operate as an independent company until the merger process has been completed.</p> <p>STB granted the use of the trust, provided that some modifications be followed. The modifications pertain to guidelines that the trust&#039;s trustee must follow during the merger process to ensure no conflict of interest. CP named former KCS CEO David Starling as the trustee.</p> <p>The board also asked that any modifications to the voting trust agreement be reviewed and approved by STB.</p> <p>STB acknowledged the <a href="https://www.freightwaves.com/news/justice-department-cp-and-kcs-spar-over-rail-merger-process">comments about the trust</a> by ...</p><p><a href=https://www.benzinga.com/m-a/21/05/21015029/regulators-approve-cps-and-kcs-request-to-form-pre-merger-voting-trust alt=Regulators Approve CP&#039;s And KCS&#039; Request To Form Pre-Merger Voting Trust>Full story available on Benzinga.com</a></p> CNI CP Freight Freightwaves Kansas City Southern KSU Logistics M&A News Railroads Industry Supply Chain UNP Commodities Global Markets CNI CA1363751027 CP CA13645T1003 KSU US4851703029 UNP US9078181081 News M&A Commodities Global Markets Benzinga Fri, 07 May 2021 16:52:51 +0000 FreightWaves 21015029 at https://www.benzinga.com Acasti Pharma To Acquire Grace Therapeutics: Highlights https://www.benzinga.com/general/biotech/21/05/21013441/acasti-pharma-to-acquire-grace-therapeutics-highlights <ul> <li><strong>Acasti Pharma Inc&nbsp;</strong>(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/acst#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ACST</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/05/g21009102/acasti-announces-definitive-agreement-to-acquire-grace-therapeutics-inc" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">has agreed to acquire</a>&nbsp;privately-held&nbsp;<strong>Grace Therapeutics Inc</strong>&nbsp;in an all-stock transaction. After the consummation of the deal, Acasti would own approximately 55% of the combined company on a pro forma basis, and Grace would own the remaining 45%.</li> <li>It is anticipated that the cash at closing of about $64 million will be principally used to pursue the clinical development of the first two assets through Phase 3.</li> <li><strong>Grace&#39;s drug development programs:</strong></li> <li>GTX-104 is an aqueous nanoparticle formulation of water-insoluble nimodipine under development for subarachnoid hemorrhage ...</li></ul><p><a href=https://www.benzinga.com/general/biotech/21/05/21013441/acasti-pharma-to-acquire-grace-therapeutics-highlights alt=Acasti Pharma To Acquire Grace Therapeutics: Highlights>Full story available on Benzinga.com</a></p> ACST Biotech Briefs M&A News Penny Stocks Health Care General ACST News M&A Biotech Penny Stocks Health Care General Benzinga Fri, 07 May 2021 15:53:48 +0000 Vandana Singh 21013441 at https://www.benzinga.com Walmart Health Acquires Telehealth Provider MeMD https://www.benzinga.com/m-a/21/05/21011798/walmart-health-acquires-telehealth-provider-memd <p>Walmart Health, a subsidiary of <strong>Walmart Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>), has acquired the Phoenix-headquartered telehealth provider MeMD for an undisclosed sum.</p> <p><strong>What Happened:</strong> Founded in 2010 by Dr. John Shufeldt, MeMD&rsquo;s platform enables medical and mental health visits to five&nbsp;million members nationwide via computer, phone and mobile devices. The acquisition will enable Walmart Health to expand its in-person primary care services with access a nationwide network of urgent, behavioral and primary care providers.</p> <p>&ldquo;Telehealth offers a great opportunity to expand ...</p><p><a href=https://www.benzinga.com/m-a/21/05/21011798/walmart-health-acquires-telehealth-provider-memd alt=Walmart Health Acquires Telehealth Provider MeMD>Full story available on Benzinga.com</a></p> acquisition Dr. Cheryl Pegus Dr. John Shufeldt M&A MeMD News telehealth Walmart Health WMT Health Care General WMT US9311421039 News M&A Health Care General Benzinga Fri, 07 May 2021 14:48:06 +0000 Phil Hall 21011798 at https://www.benzinga.com Trulieve Enters West Virginia Cannabis Market, Closes Acquisition Of Mountaineer Holding https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21011092/trulieve-enters-west-virginia-cannabis-market-closes-acquisition-of-mountaineer-hol <p><strong>Trulieve Cannabis Corp</strong>. (CSE: TRUL) (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTCQX">TCNNF</a>), a vertically integrated seed-to-sale and fully licensed medical marijuana company, has purchased West Virginia-based<strong> Mountaineer Holding LLC</strong> for $6 million.</p> <p>Kim Rivers, the CEO of Tallahassee, Florida-based Trulieve, said Thursday the cannabis company is pleased&nbsp;to finalize the &ldquo;transaction quickly, as the addition of Mountaineer achieves a significant presence for us in West Virginia.&rdquo;</p> <p><strong>The Trulieve-Mountaineer Deal</strong>: Under the terms of the agreement, Trulieve bought ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21011092/trulieve-enters-west-virginia-cannabis-market-closes-acquisition-of-mountaineer-hol alt=Trulieve Enters West Virginia Cannabis Market, Closes Acquisition Of Mountaineer Holding>Full story available on Benzinga.com</a></p> Cannabis Kim Rivers M&A Mountaineer Holding LLC News TCNNF Topics Markets General TCNNF News M&A Cannabis Topics Markets General Benzinga Fri, 07 May 2021 14:27:51 +0000 Jelena Martinovic 21011092 at https://www.benzinga.com Pfizer And BioNTech Seek FDA's Full Approval For COVID-19 Vaccine https://www.benzinga.com/m-a/21/05/21011104/pfizer-and-biontech-seek-fdas-full-approval-for-covid-19-vaccine <p><strong>Pfizer Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfe#NYSE">PFE</a>) and <strong>BioNTech SE - ADR</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bntx#NASDAQ">BNTX</a>) have started&nbsp;the process to seek full approval from the U.S. Food and Drug Administration (FDA) for a COVID-19 vaccine.</p> <p><strong>What Happened:</strong> The companies&rsquo; vaccine was made accessible in the U.S. last December when the FDA issued an Emergency Use Authorization (EUA). Since then, more than 170 million doses of the vaccine have been delivered nationwide.</p> <p>Because the EUA is only a temporary grant, the companies have initiated a Biologics License Application (BLA), which requires the submission of nonclinical and clinical data to support licensure of the vaccine for use in individuals ages 16 and older. ...</p><p><a href=https://www.benzinga.com/m-a/21/05/21011104/pfizer-and-biontech-seek-fdas-full-approval-for-covid-19-vaccine alt=Pfizer And BioNTech Seek FDA&#039;s Full Approval For COVID-19 Vaccine>Full story available on Benzinga.com</a></p> BNTX COVID-19 Vaccine European Commission Germany intellectual property M&A Patents PFE U.S. Food and Drug Administration Health Care General PFE US7170811035 BNTX M&A Health Care General Benzinga Fri, 07 May 2021 14:19:32 +0000 Phil Hall 21011104 at https://www.benzinga.com Edible Animal Fat Market to Reach USD 63.98 Billion by 2028; Increasing Demand for Sustainable Animal Fat Oil to Aid Growth, Says Fortune Business Insights™ https://www.benzinga.com/pressreleases/21/05/g21010528/edible-animal-fat-market-to-reach-usd-63-98-billion-by-2028-increasing-demand-for-sustainable-anim <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">Pune, India, May 07, 2021 (GLOBE NEWSWIRE) -- The global <a href="https://www.fortunebusinessinsights.com/edible-animal-fat-market-105143" rel="nofollow" target="_blank" rel="nofollow"><u>edible animal fat market size</u></a> is expected to experience significant growth by reaching USD 63.98 billion by 2028. Fortune Business Insights in its latest report, titled, <b>"Edible Animal Fat Market, 2021 – 2028.", </b>mentions that the market stood at USD 41.50 billion in 2020 and is projected to exhibit a CAGR of 4.9% between 2021 and 2028. Factors such as the increasing preference for sustainable animal fat oil is expected to propel the demand for the product worldwide.</p> <p align="justify"><br /></p> <p align="justify"></p> <p align="justify"><b>COVID-19 Impact: Market Exhibited a Sluggish Growth Rate of 15% in 2020 </b></p> <p align="justify">The shutdown of convenience stores and halted industrial operations have led to the slowdown of the market. The animal husbandry sector has also suffered owing to the lockdown announced by government agencies worldwide. These factors led to the market suffering from a falling growth rate of 15% in 2020. </p> <p align="justify"><b><u><br /></u></b></p> <p align="justify"><b><u>Key Market Segmentation:</u></b></p> <p align="justify">Based on type, the global market is segregated into butter, lard, tallow, and others. On the basis of source, the market is categorized into cattle, pig, and others. Moreover, on the basis of application, the market is bifurcated into food and non-industry. </p> <p align="justify">Based on application, the food segment is expected to experience considerable growth backed by the increasing adoption of animal by-products in several food applications across the globe. </p> <p align="justify">Lastly, on the basis of region, the market is segmented into Asia-Pacific, North America, Europe, Latin America, the Middle East and Africa.</p> <p><b><br /></b></p> <p><b>Get Sample PDF Brochure:</b></p> <p align="justify"><a href="https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/edible-animal-fat-market-105143" rel="nofollow" target="_blank" rel="nofollow"><u>https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/edible-animal-fat-market-105143</u></a></p> <p align="justify"><b><br /></b></p> <p align="justify"><b>What does the Report Include?</b></p> <p align="justify">The global market for the edible animal fat report includes a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaborate that will further contribute to the market growth between 2021 and 2028. Moreover, ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21010528/edible-animal-fat-market-to-reach-usd-63-98-billion-by-2028-increasing-demand-for-sustainable-anim alt=Edible Animal Fat Market to Reach USD 63.98 Billion by 2028; Increasing Demand for Sustainable Animal Fat Oil to Aid Growth, Says Fortune Business Insights™>Full story available on Benzinga.com</a></p> M&A News Contracts Press Releases General Fri, 07 May 2021 12:15:00 +0000 Globe Newswire 21010528 at https://www.benzinga.com REPEAT -- Clean Power Acquires Remaining Interest in PowerTap to Become 100% Owner of Hydrogen Fueling Company https://www.benzinga.com/pressreleases/21/05/g21009668/repeat-clean-power-acquires-remaining-interest-in-powertap-to-become-100-owner-of-hydrogen-fueling <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">VANCOUVER, British Columbia and IRVINE, Calif., May 07, 2021 (GLOBE NEWSWIRE) -- <strong>Clean Power Capital Corp. (NEO: MOVE)(FWB: 2K6)(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MOTNF#OTC" rel="nofollow">MOTNF</a>) ("Clean Power" </strong>or the <strong>"Company" </strong>or <strong>"MOVE")</strong> is pleased to announce that it has completed the acquisition of the remaining shares in PowerTap Hydrogen Fueling Corp. ("PowerTap") to become the sole shareholder of PowerTap. As previously announced, the Company initially invested in PowerTap on October 27, 2020 by acquiring a 90% equity interest and on February 5, 2021, the Company acquired an additional 4.5% of PowerTap. With the latest acquisition, Clean Power has increased its equity interest in PowerTap to 100%.<br /></p> <p align="justify">PowerTap&#39;s main focus is on employing its patented hydrogen production technology to build a blue hydrogen filling station network in the United States to accommodate anticipated growth in hydrogen vehicle sales. PowerTap&#039;s goal is to build out cost-effective hydrogen fueling infrastructure through its environmentally friendly intellectual property, product design for the modularized and lowest tier production cost of hydrogen and launch plan. PowerTap technology-based hydrogen fueling stations are already located in private enterprises and public stations (near LAX airport) in California, Texas, Massachusetts, and Maryland. Additional information about PowerTap may be found at its website at: <a href="https://www.powertapfuels.com" title="https://www.powertapfuels.com" rel="nofollow">https://www.powertapfuels.com</a></p> <p align="justify">Since Clean Power&#39;s initial investment, PowerTap has been developing its hydrogen fueling station network in stages, consisting of engineering &amp; design; ongoing development of PowerTap 3.0; and permitting and site preparation, as updated in past news releases. Most recently, PowerTap signed a definitive agreement with Humboldt Petroleum, Inc., Peninsula Petroleum, LLC, and Colvin Oil I LLC (dba GP Energy), collectively referred to as "the Andretti Group" to locate PowerTap&#039;s hydrogen station technology at select Andretti Group properties. Under the terms of definitive agreement, the Andretti Group will further help market PowerTap&#039;s technology to third-party chain retailers, major oil companies and independent stations through the Andrettis&#039; deep network of automotive industry connections. See the Company&#039;s news release dated January 26, 2021, for further details on the definitive agreement with the Andretti Group.</p> <p align="justify">"Clean Power Capital is pleased to complete the acquisition of all the shares of PowerTap Hydrogen Fueling Corp.," said Raghu Kilambi CEO of Clean Power Capital Corp. "Clean Power Capital continues to be excited by the commercialization opportunities that PowerTap&#039;s patented onsite blue hydrogen production and dispensing system has in the United States and globally."</p> <p align="justify">The consideration paid to the vendors for the remaining 5.5% of PowerTap consists of an aggregate of 22,000,080 common shares in the capital of the Company (the "<strong>Consideration Shares</strong>") at a deemed value ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21009668/repeat-clean-power-acquires-remaining-interest-in-powertap-to-become-100-owner-of-hydrogen-fueling alt=REPEAT -- Clean Power Acquires Remaining Interest in PowerTap to Become 100% Owner of Hydrogen Fueling Company>Full story available on Benzinga.com</a></p> M&A MOTNF News Retail Sales Press Releases Fri, 07 May 2021 11:30:00 +0000 Globe Newswire 21009668 at https://www.benzinga.com