Eyenovia, Inc. Closes the Offering of Common Stock

Eyenovia, Inc. has closed its ongoing underwritten public offering of its common stock comprisin of 3,333,334 shares at a price common share holder of $3.60 on every share.

Eyenovia received net proceeds of $10.9 million from the offering. These net proceeds  concluded on taking off underwriting discounts and commissions and expenses on offering that were paid by Eyenovia. The company will use these proceeds along with the existing funds for funding the ongoing clinical development of its product candidates, project of initial commercialization for MicroStat, and to add into working capital along with the general corporate purposes.

Eyenovia, is basically a clinical stage ophthalmic biopharmaceutical company which is involved in developing a pipeline of microdose array print therapeutics.

in connection with the offering, William Blair & Company, L.L.C. took part as the sole book-running manager while National Securities Corporation worked as the co-manager.

Eyenovia’s pipeline is currently centered around the late-stage development of microdosed medications for presbyopia, myopia progression and mydriasis.

Knight Therapeutics Announces the Results of Tender Offer for Grupo Biotoscana

Knight Therapeutics Inc. has completed the Tender offer that it has committed for over 95% ownership of Grupo Biotoscana. The pan-American specialty pharmaceutical company has posted the results of the tender offer process which was purposed for the acquisition of all Biotoscana Investments S.A. provided related outstanding Brazilian Depositary Receipts. A total of 49,778,512 of BDRs were tendered by BDR holders thereby resulting in Knight owning 98% of all outstanding GBT shares and BDRs. The settlement of the Tender Offer shall occur on August 18, 2020. On the Settlement Date, Knight will payout a total of R$517,837,423.

According to report on the date hereof 169,757 BDRs were offered in the tender at the Offer Price. Knight will pay R$11.23 for every BDR to its Holders who decided the price. Knight will pay R$8.98 one every BDR on the Settlement Date in cash while R$2.25 per BDR will be deposited in an escrow account in order to provide the benefit to BDRs Holders. The amount of R$0.91 is purposed to be at any time before November 29, 2022, and 49,608,755 BDRs were offered in the tendere for the Alternative Offer Price. Knight is subject to pay in cash R$10.40 on every BDR to BDR Holders who chose this price. While the Brazilian Depositary Receipts that are left on settlement date would be less than 5% of the total capital stock of GBT.

Knight approved the squeeze out of the remaining BDRs that the details it provided in the Notice. Knight will delist the GBT in Brazil and Luxembourg after Squeeze-Out.

BDR Holders have three days to elect the get Offer Price’s final auction value or it would be able to choose the Alternative Offer Price subject to the adjustment of the Selic Rate. According to the terms Knight keeps the right to buy BDRs at the Offer Price Alternative to BDR Holders if they, subject to Deadline Squeeze-Out, don’t provide the necessary documents and information.

Stock in News Spotlight: Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Check Point Software Technologies Ltd. (NASDAQ:CHKP) stock experienced trading -5.09% off 52-week high price. On the other end, the stock has been noted 54.87% away from low price over the last 52-weeks. The stock disclosed a move of 7.92% away from 50 day moving average and 12.55% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.86% off 20-day moving average. It has market cap of $17.38B.

On Aug. 11, 2020, Check Point Software Technologies Ltd. (NASDAQ:CHKP) a leading provider of cybersecurity solutions globally. The technical alliance between the two companies gives enterprises and critical infrastructure operators the real-time cybersecurity and visibility they need to protect OT and industrial control system (ICS) networks from cyberattacks.

This announcement follows the release of Check Point’s Internet of Things (IoT) Protect solution, which prevents IoT cyberattacks by adapting protections to any IoT or OT device across smart-office, smart-building, medical, and industrial environments. As one of Check Point’s technology partners, Claroty supports the discovery and classification of OT devices in a variety of verticals, giving Check Point customers an integrated end-to-end security solution.

We are excited to bring Claroty to our customers as part of Check Point’s IoT Protect Discovery program, said Russ Schafer, Head of Product Marketing at Check Point. The combination of Claroty’s Continuous Threat Detection (CTD) and Check Point’s IoT Protect threat prevention solution provides our industrial customers the visibility, security, and automation to protect networks from emerging IoT threats.

The Israel based company Check Point Software Technologies Ltd. moved with change of -0.52% to $123.99 with the total traded volume of 1574007 shares in recent session versus to an average volume of 1.08M. The stock was observed in the 5 days activity at 0.50%. The one month performance of stock was 6.31%. CHKP’s shares are at 18.02% for the quarter and driving a 13.31% return over the course of the past year and is now at 11.74% since this point in 2018.  Right now the stock beta is 0.68. The average volatility for the week and month was at 1.67% and 2.53% respectively. There are 141.50M shares outstanding and 109.83M shares are floated in market.

Nasuni Is Now Available in the Microsoft Azure Marketplace

Nasuni has announced that the Nasuni file services platform is now available in the Azure Marketplace and all the customers can now purchase it from the Microsoft Azure Marketplace. The file service offered by Nasuni allows customers and users to mitigate and accelerate to Azure with a robust file services platform.

The company focused on consolidating Network-attached storage (NAS) to deliver infinite scale to their customers. Furthermore, the company also allows the built-backup, disaster recovery, file server performance and global file sharing services to its valued clients.

Director of Information Technology McKim & Creed, Mr. Charles Douglass said, “Nasuni helped us transition to working remotely during COVID-19 because it provides easy access to data consolidated from all 22 of our offices and ultimately stored in Microsoft Azure.”

“We’re accessing our data through a variety of methods, including directly from workstations, remote-control tools and remote desktops, depending on the specific application. No matter which tool we use for the job, Nasuni gives us a common backplane for easy data storage and retrieval,” Charles further added in the statement

President of Alliances at Nasuni, Will Hornkohl said, “We’ve been a very close Microsoft gold partner, and we’re pleased to further advance this great collaboration by making our solution available in the Microsoft Azure Marketplace.”

“It’s now even easier for enterprises who rely on Azure to use the cloud for file storage and get infinite scale, built-in-backup and local performance for half the cost of ownership of traditional on-premises NAS,” Will Hornkohl concluded.

Senior Director, Microsoft Azure Platform at Microsoft Corp, Sajan said, “Through Microsoft Azure Marketplace, customers around the world can easily find, buy, and deploy partner solutions they can trust, all certified and optimized to run on Azure. We’re happy to welcome the Nasuni file services solution to the growing Azure Marketplace ecosystem.”

Match Group Announces New Member To Its Board Of Directors

Match Group has announced that the company has added four new board of director members. The company has appointed Ryan Reynolds, Melissa Brenner, Stephen Bailey and Wendi Murdoch to the board of directors.

The newly appointed, Stephen Bailey serves as the Chief Executive Officer and Founder of ExecOnline. Prior joining ExecOnline, he has served as the Chief Product Officer and Chief Executive Officer of Frontier Strategy Group (FSG). Prior to joining the FSG, he was the Board Chair of Truman Center for National Policy.

Executive Chairman of Match Group, Joey Levin said, “With today’s news, we’re welcoming four incredibly bright, energetic and discerning Directors to a world-class Board. Stephen, Melissa, Wendi and Ryan bring unique expertise and perspectives that will add to Match Group’s global expansion, strategic initiatives and continued success.”

Chief Executive Officer of Match Group, Shar Dubey said, “I’m very excited to welcome our four new Directors to Match Group.”

“I’ve gotten to know Stephen, Melissa, Wendi and Ryan and all four bring extensive expertise across consumer tech, marketing, investing and emerging markets, which are critical components to the long-term growth of our portfolio. We will be greatly served by their experiences and insights and I’m looking forward to working with each of them,” Shar Dubey further added in the statement.

Stephen Bailey said, “Match Group’s growth, innovation and portfolio of global products make it one of the most dynamic companies in the public market. I’m excited to help the Board, Shar and the executive team find new and meaningful ways to bring people together.”

Melissa Barner said, “I am excited and grateful for the opportunity to work with Joey, Shar and the rest of the Match Group Board. Match Group is an incredibly innovative organization with an inspiring mission and I look forward to helping shape the future of the company as it enters this next phase of growth.”

Lupaka Announces a Grant of 1.75 million Incentive Stock Options

Lupaka Gold Corp. has granted 1.75 million incentive stock options to employees, consultants, officers and directors of the Company, under its 2010 Incentive Stock Option Plan. The incentive stock options are effective as of June 22, 2020. The options have vest time of over 18 months from date of grant and these are exercisable at a rate of $0.05 per share till June 22, 2025. The stock options are effective June 22, 2020.

The company previously granted 3.70 million incentive stock options in September 2019 to the company’s directors, officers, consultants and employees. The deemed exercise price for the incentive stock options was $0.02 per share however company reset the price at $0.05 per share as TSX Venture Policy 4.4 allows minimum exercisable price of $0.05 per share.

Lupaka works on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions of Peru. It is a Canadian-based company.

Anomali partners will get help from OneWorld InfoTech to enhance Deployment and endorsement of Cyber Threat Intelligence in Bangladesh

For giving the ability to deploy and endorse Anomali threat intelligence management solutions in Bangladesh Anomali, engaged in providing intelligence-driven cybersecurity solutions, has agreed for a collaboration with OneWorld InfoTech, which provides technology and distribute IT security solutions in Bangladesh.

Anomali VP, Asia Pacific Geoff Noble said constant attacks on the organizations can’t be detected and responded without a high level of visibility over the cyberthreats. He added, “We are excited to partner with the top cybersecurity provider in Bangladesh, OneWorld InfoTech, to help customers there gain access to integrated cyber threat intelligence (CTI) solutions that will help them to improve security and reduce risk.”

While OneWorld InfoTech Global Director of Technology and Services Maruf Ahmed gave his views, “Anomali brings a unique approach to connect external data with internal knowledge to operationalize a unified intelligence picture for organizations to reduce risk across their environments. By expanding our IT security portfolio offering with Anomali, we expect to assist organizations in Bangladesh private and public sectors in building effective cyber threat intelligence program and threat sharing communities to bolster defenses exponentially.”

According to the details provided, joint customers of both businesses receive the most advanced, broad, and easy-to-use CTI solutions. The Anomali delivers Lens, a first-of-its-kind technology enables anyone to automatically know if the organizations are being attacked. Anomali Match integrates the tools related to CTI, MISP data, OSINT, SIEM logs, vulnerability assessment, and provides other big data sources to match the billions of indicators of compromise (IOCs) and menaces against any thing that is present in customers’ networks. While Anomali ThreatStream is threat intelligence tool (TIP) compensate data from the broader range of feeds to create actionable threat intelligence.

Sherwin-Williams Announces Q2 2020 Sales Guidance

Sherwin-Williams has announced the Q2 2020 sales guidance. The company has said that it had increased its net sales guidance for Q2 2020. The company expects that the consolidated net sales of the company will decrease by a significant margin than the previous quarter of 2019. The company has issued the prior guidance, issued in April 2020 for Q2 2020 consolidated net sales decreased to mid-teen percentage as compared to the previous quarter of 2019.

The company has said that the net sales in The Americas Group are expected to decrease in the Q2 2020 as compared to the previous quarter. The company is scheduled to release the Q2 2020 financial results on July 28, 2020.

Chief Executive Officer and Chairman of the company, John Morikis said, “Our employees have performed admirably during this challenging time to meet our customers’ needs.”

“We are raising our second quarter sales guidance given our ability to capture and serve greater than expected demand in our North American architectural businesses,” John Morikis further added in the statement.

“We are encouraged by the sequential improvement in all three of our business segments during the second quarter. In The Americas Group, we rapidly adapted to the pandemic by implementing curbside pickup in our stores, utilizing our fleet of over 3,000 delivery vehicles, and leveraging our e-commerce platform. We have gradually and safely reopened nearly all of our sales floors over the last month,” John Morikis said.”

“DIY growth in our stores remains strong, while our residential repaint and new residential segments have improved at a faster rate than our property management, new commercial and protective and marine segments. In the Consumer Brands Group, the unprecedented demand from most of our retail partners has remained robust, driven by consumers who are nesting during the pandemic and focused on DIY projects. In the Performance Coatings Group, demand has been variable by end market and geography,” John Morikus concluded.

Savills Appoints New Chairman and CEO Of North America

Savills has announced that the company has appointed Mitchell Rudin as the Chief Executive Officer and Chairman of North America with effect from June 30, 2020. The newly appointed Chairman and CEO of North America, Mr Savills joined the company back in 2018 and he became the President of the company on January 1, 2019 after successfully replacing Mitchel Steir, who has decided to step down after serving the company for more than 37 years.

Previously, the outgoing Mitchel Steir has led the management of Savills North America since 2002. Previously Mr. Rudin served as the Chief Executive Officer of the MackCali Realty Corporation, where he has played a key role in transitioning the portfolio of the company.

Group & Global Chief Executive Officer of Savills, Mark Ridley said, “Mitchell Rudin joined Savills North America 18 months ago and, as President, has already revitalized our management team, including expanding our commitment to diversity and inclusion at the executive level, and led the continued growth of our business.”

“We are confident that he is the right leader to take Savills forward in North America, driving growth, and delivering sustainable value for our clients and shareholders. On behalf of the Board, I want to sincerely thank Mitch Steir for his many outstanding contributions to the firm. We wish him well in his future endeavors,” Mark Ridley added.

Mitchell Steir said, “The global pandemic Covid-19 has forced all of us to pause and reassess our approaches to both business and everyday life. After much reflection, I have concluded that it is time for me to step down from my current position as CEO. Leaving the company I helped build and saying goodbye to my many friends and wonderful colleagues has not been an easy decision.”

“I am extremely proud of how we grew the business from a half a dozen offices into a diversified real estate services group with 35 offices across the US, and which is now an integral part of a global company of over 600 offices. I take tremendous pride in what we’ve accomplished,” Mitchell steir concluded.

Vireo Health Announces Q1 2020 Fiscal Results

Vireo Health has announced the company’s first quarter 2020 financial results ended on March 31, 2020. The total revenue of the company increased with 110% YoY to $12.1 Million in the Q1 2020 as compared to the previous quarter of $5.8 million.

The retail revenue of the company reached approximately $8.2 million in the Q1 2020 as compared to the $5.2 million of the previous quarter of 2019. The wholesale revenue of the company increased by $3.3 million in the Q1 2020 as compared to the $610,771 in the previous quarter of 2019.

The gross profit of the company reaches at $3.4 million in the Q1 2020 as compared to the $2.1 million in the previous quarter of 2019. The total operating expenses of the company reached $9.7 million in the Q1 2020 as compared to the previous quarter of $3.7 million. Total other expenses of the company reached at $995,005 in the Q1 2020 as compared to the $4.6 million in the previous quarter of 2019.

Chief Executive Officer and Founder of Company, Kyle Kingsley said, “Our first-quarter results demonstrate the improving trajectory of our business, with sequential revenue growth of 34 percent representing the strongest quarter of growth in Vireo’s history.”

“As we continue to focus on optimizing our core medical markets, we believe there is significant untapped potential for Vireo to improve revenue growth and profitability as we increase scale in these attractive, limited-license jurisdictions,” Kyle Kingsley further added in his statement.

“We have many opportunities to continue growing our business organically through new product introductions, by expanding our footprint of operational dispensaries, and by continuing to improve our overall product and sales channel mix as compared to prior quarters,” Kyle added.

“We’re also cautiously optimistic that recent enhancements to point-of-sale protocols in response to COVID-19 like telemedicine consultations and curbside pick-up may become permanent in several of our markets, and we continue to believe that each of our core medical markets has the potential to enact adult-use legislation over the near- to medium-term future,” Kyle Kingsley concluded.