Day: June 25, 2021

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Synchronoss Technologies, Inc. Announces Pricing of $100 Million Public Offering of Common Stock

BRIDGEWATER, N.J., June 25, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a global leader and innovator in cloud, messaging and digital products and platforms, today announced the pricing of an underwritten public offering of 38,461,538 shares of its common stock at a public offering price of $2.60 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses payable by Synchronoss, are expected to be $100 million. In addition, Synchronoss has granted the underwriters a 30-day option to purchase up to 3,846,154 additional shares of common stock at the public offering price, less the underwriting discounts and commissions.

All of the shares in the offering are being sold by Synchronoss. Synchronoss anticipates using the net proceeds from the offering, and from the offering of Senior Notes and sale of Series B Preferred Stock (each as described below), to fully redeem all outstanding shares of Synchronoss’ Series A Convertible Participating Perpetual Preferred Stock and repay amounts outstanding under Synchronoss’ revolving credit facility. The offering is expected to close on or about June 29, 2021, subject to satisfaction of customary closing conditions.

B. Riley Securities, Inc. (“BRS”) is acting as the lead underwriter and sole book-running manager for the offering. Northland Capital Markets is acting as co-manager for the offering.

Concurrently with the offering, the Company is offering, by means of a separate prospectus supplement, $120 million aggregate principal amount of senior notes due 2026 (the “Senior Notes”). In addition, B. Riley Principal Investments, LLC (“BRPI”), an affiliate of BRS, has entered into an agreement pursuant to which BRPI has agreed to purchase $75.0 million of the Company’s Series B Preferred Stock in a private transaction to be completed concurrently with the closing of the offering.

The shares of common stock described above are being offered by Synchronoss pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on August 28, 2020. A preliminary prospectus supplement relating to and describing the terms of the offering is filed with the SEC and is available on the SEC’s web site at www.sec.gov. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC. Copies of the final prospectus supplement (when available) and accompanying prospectus relating to these securities may also be obtained by sending a request to: B. Riley Securities, Inc., at 1300 North 17th Street, Suite 1300, Arlington, VA 22209 or by calling (703) 312‐9580 or by emailing prospectuses@brileyfin.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements regarding the closing of the public offering and the anticipated use of the proceeds thereof. These forward-looking statements are subject to a number of risks, including the satisfaction of customary closing conditions related to the public offering and the risk factors set forth from time to time in Synchronoss’ SEC filings, including but not limited to the risks that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections (as applicable) of Synchronoss’ Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Report on Form 10-Q for the period ended March 31, 2021, which are on file with the SEC and available on the SEC’s website at www.sec.gov. In addition to the risks described above and in Synchronoss’ other filings with the SEC, other unknown or unpredictable factors also could affect Synchronoss’ results. No forward-looking statements can be guaranteed and actual results may differ materially from such statements. The information in this release is provided only as of the date of this release, and Synchronoss undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Media

Diane Rose
CCgroup
synchronoss@ccgrouppr.com

Investors

Todd Kehrli/Joo-Hun Kim
MKR Investor Relations, Inc.
investor@synchronoss.com

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Nyxoah Announces Launch of Proposed Public Offering in the United States

REGULATED INFORMATION
INSIDE INFORMATION

Nyxoah Announces Launch of Proposed Public Offering in the United States

Mont-Saint-Guibert, Belgium – June 25, 2021, 12:30 pm CET / 6:30 am ET – Nyxoah SA (Euronext Brussels: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that it is launching an underwritten registered public offering of 2,760,000 ordinary shares in the United States (the “Offering”) at an assumed public offering price of $31.461.

In connection with the Offering, Nyxoah intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of ordinary shares offered in the Offering on the same terms and conditions.

The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the size or terms of the Offering, including the price per ordinary share (in USD) and number of ordinary shares sold in the Offering.

Nyxoah’s ordinary shares are currently listed on Euronext Brussels under the symbol “NYXH”. An application has been made to list the ordinary shares on the NASDAQ Global Market under the same symbol.

Piper Sandler, Stifel and Cantor are acting as joint book-running managers for the Offering. Degroof Petercam is acting as a co-manager.

A registration statement on Form F-1 has been filed with the SEC but has not yet become effective. The ordinary shares may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification or publication of an offering prospectus under the securities laws of any such state or jurisdiction.

The Offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, can be obtained from Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, by e-mail at prospectus@psc.com, or by phone at (800) 747-3924; Stifel, Nicolaus & Company, Incorporated at Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA 94104, by telephone at (415) 364-2720, or by email at syndprospectus@stifel.com; or Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 4th Floor, New York, New York 10022; email: prospectus@cantor.com.

Forward-Looking Statements
This press release includes certain disclosures that contain “forward-looking statements,” including, without limitation, statements regarding the terms of the Offering. Forward-looking statements are based on Nyxoah’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and could cause actual results to differ. Forward-looking statements contained in this announcement are made as of this date, and Nyxoah undertakes no duty to update such information except as required under applicable law.

IMPORTANT INFORMATION
No public offering will be made and no one has taken any action that would, or is intended to, permit a public offering in any country or jurisdiction, other than the United States, where any such action is required, including in Belgium. Belgian investors, other than qualified investors within the meaning of the Belgian Act of 11 July 2018 on the public offering of securities and the admission of securities to be traded on a regulated market, will not be eligible to participate in the offering (whether in Belgium or elsewhere). The transaction to which this press release relates will only be available to, and will be engaged in only with, in member states of the European Economic Area, persons falling within the meaning of Article 2(e) of Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “Prospectus Regulation”), and in the United Kingdom, investment professionals falling within article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), persons falling within article 49 (2), (a) to (d) of the Order and other persons to whom it may lawfully be communicated. A prospectus will be prepared by Nyxoah in accordance with Article 3 of the Prospectus Regulation for the purpose of having the new shares that will be represented by ordinary shares admitted to trading on Euronext Brussels. In the context of the Offering and in accordance with Belgian law and the articles of association of Nyxoah, the board of directors of Nyxoah has approved a conditional capital increase with issuance of up to 4,600,000 ordinary shares within the framework of the authorized capital granted to the board of directors as set out in article 7 of the articles of association of Nyxoah.

Contacts:
Nyxoah
Fabian Suarez, Chief Financial Officer
fabian.suarez@nyxoah.com
+32 10 22 24 55

Gilmartin Group
Vivian Cervantes
IR@nyxoah.com

1 Equivalent to a public offering price of €26.50 per ordinary share, assuming an exchange rate of  €1.00 = $1.1872, the noon buying rate in The City of New York on June 18, 2021 set forth in the H.10 statistical release of the Federal Reserve Board on June 21, 2021.

Attachment

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Punjab University faculty member honour

Lahore, June 25, 2021 (PPI-OT):Collaborative Research Centre, University of Bremen, Germany has published research work of Department of Social Work’s Chairperson Prof Dr Syeda Mahnaz Hassan on “Pakistan’s Social Policy Response to Covid-19”. This report has also been uploaded in Social Science Open Access Repository (SSOAR) by Collaborative Research Centre, University of Bremen amongst the eminent researchers of the world. The CRC acknowledged the extensive research work of the Professor Mahnaz in expanding the realm of human knowledge through her ground-breaking research about social protection, social welfare services and poverty reduction in Pakistan and selected her as country expert from Pakistan on social protection issues in 2017.

 

The Collaborative Research Centre (CRC) 1342 “Global Dynamics of Social Policy” is an association of eight research institutions at the University of Bremen, funded by the German Research Foundation. The Collaborative Research Centre 1342 analyses the global dynamics of social policy. The CRC abandons the traditional OECD centrism and comprehensively incorporates the Global South into the analysis.

 

Since a country’s social policy cannot be explained solely by domestic circumstances, international relations and networks are being taken into account: trade relations, migration, war and colonialism as well as the worldwide dissemination of ideas and legal regulations have great influence on the social policy developments of the individual countries. In addition, research at CRC 1342 is based on a broad understanding of social policy including – among other aspects – education policy. Being a researcher in the domain of social protection and poverty alleviation, she has highlighted the vigilance of the Government in curtailing this menace.

 

She has critically analyzed and appreciated the efforts of the government, which has been successful in controlling this contagion better than majority of the developed and developing countries of the world, despite of scarcity of resources and a frail health management system in the country. The significant contribution of the author at such a prestigious international forum, where 34 countries have elaborated their social policy measures to contain this pandemic, reflects her strong research acumen and a deep insight on the national issues which need to address on priority basis. She has also substantiated the need for a more holistic approach of the government for managing this and other challenges to come.

 

For more information, contact:

Registrar,

University of the Punjab

Quaid-e-Azam Campus, Lahore, Pakistan

Tel: +92-42-99231102

Fax: +92-42-99231103

E-Mail: registrar@pu.edu.pk

Website: http://pu.edu.pk/

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MPhil and PhD admissions opened at ICCBS-KU

Karachi, June 25, 2021 (PPI-OT):International Center for Chemical and Biological Sciences (ICCBS), University of Karachi (UoK) has officially opened admissions to its internationally famous M.Phil. and Ph.D. Degree Programme-2021. Spokesman of the ICCBS – University of Karachi on Friday said, “Aspiring Candidate can fill in and submit admission forms with scanned copies of prerequisite marks sheet through the online admission portal from June 13, 2021, to June 28, 2021.”

 

He said that the successful students would be granted admissions to the Dr. Panjwani Center for Molecular Medicine and Drug Research (PCMD) and H. E. J. Research Institute of Chemistry. Admissions will be given in various disciplines of sciences, which include Organic Chemistry, Analytical Chemistry, Textile Chemistry, Physical Chemistry, Inorganic Chemistry, Bio-Organic Chemistry, Pharmacology, and Molecular Medicine, he added. It is pertinent to mention here that Admission Prospectus-2021 and fee voucher could be downloaded from http://eduboard.uok.edu.pk/AdmissionPortal/signin

 

The candidates applying for admissions would submit RS5000 processing fee (non-refundable) in any branch of United Bank Limited. It is also worth mentioning here that a scanned copy of the fee deposit slip must be uploaded along with the admission form latest by June 28, 2021.

 

For more information, contact:

Public Relations Officer,

University of Karachi

Tel: +92-21-99261351 (Ext. 2294, 2306)

Fax: +92-21-99261330

Email: pro@uok.edu.pk

Website: www.uok.edu.pk

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Pakistan Poverty Alleviation Fund radio series to be broadcast from over 30 stations

Islamabad, June 25, 2021 (PPI-OT):Pakistan Poverty Alleviation Fund (PPAF) is broadcasting a program series from more than 30 Medium Wave and FM 101 radio stations of Radio Pakistan to educate masses regarding its key thematic areas besides celebrating successful initiatives for poverty reduction and sustainable development in the country. The programme series titled ‘Roshan Raahaein’ spans six special episodes and will feature senior executives of the organization as well as programme beneficiaries from across Pakistan.

 

Broadcasting from 25th June to 30th June, the radio series aims to re-emphasize PPAF’s role as a leading contributor to poverty reduction, educate listeners on impact of social and economic inclusion, and share inspirational stories of PPAF beneficiaries to inspire further community participation. The series will also highlight how PPAF fosters inclusion through its work and enables communities to uptake innovative solutions for sustainable socio-economic development and improving the quality of life.

 

‘Roshan Raahaein’ series features senior executives of Pakistan Poverty Alleviation Fund (PPAF), Irshad Khan Abbasi, Ms. Munazza Ali, Mohammad Waseem, Kashan Najeeb, Ms. Lubna Nisar, Nafees Ahmed Khan, Tahir Malik, Farid Sabir and Ms. Raabiya Babar to provide overview of specific projects and components of PPAF each day, followed by interviews of the project beneficiaries. Some of the projects covered in the series are Ehsaas Amdan and Ehsaas Interest Free Loan program, Program for Poverty Reduction (PPR), Livelihood Support and Promotion of Small Community Infrastructure Program (LACIP), Building Resilience to Disasters and Climate Change (BRDCC), Hydropower and Renewable Energy Project (HRE), Revitalizing Youth Enterprise (RYE), and projects of PWDs; and how these interventions have positively impacted progress and development of the target communities.

 

Speaking about the initiative, Raabiya Babar, Senior Manager Communications and Media at Pakistan Poverty Alleviation Fund (PPAF) said: “The radio series will help us create awareness regarding PPAF’s work and accentuate our role in the socioeconomic enablement of marginalized communities in Pakistan.

 

Babar said: “We want to reach out to more and more households and create sustainable solutions for uplifting target communities through community participation, skill enhancement and creating resiliency against challenges. We hope that the success stories shared by our beneficiaries will help us inspire more support and participation in our programs at the community level.” Each episode of ‘Roshan Raahaein’ series is 20 minutes long and will be broadcast at 4:30 PM on Radio Pakistan and FM 101 channels while listeners will also be able to access the episodes on PPAF’s Soundcloud channel.

 

For more information, contact:

Pakistan Poverty Alleviation Fund (PPAF)

Plot 14, Street 12, Mauve Area, G – 8 / 1,

Islamabad, Pakistan

Tel: +92-51-8439450-79, +92-51-2282264

UAN: +92-51-111-000-102

Fax: +92-51-2234343-79

Email: info@ppaf.org.pk

Website: http://www.ppaf.org.pk

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PPP is the only party which can protect Azad Kashmir and Occupied Kashmir: Bilawal Bhutto Zardari during a rally in Azad Kashmir

Islamabad, June 25, 2021 (PPI-OT):Chairman Pakistan Peoples Party, Bilawal Bhutto Zardari was greeted by a rousing reception when he arrived at Dhan Gali to lead a rally in connection with the beginning of the Party election campaign of Azad Kashmir elections. Qamar Zaman Kaira accompanied the Chairman PPP. Thousands of party workers raised slogans on his arrival and showered rose petals on his motorcade.

 

Thousands of workers received their Chairman with traditional zeal and fervour at Dhadial raising Jeay Bhutto and other party slogans. Addressing PPP workers Chairman Bilawal said that today we are with our Kashmiri brethren with who we have shared relations from three generations. Kashmiri people supported Shaheed Zulfikar Ali Bhutto. They also supported Shaheed Mohtarma Benazir Bhutto. We have struggled against dictatorships together and history is a witness to that. You had supported President Zardari and Qamar Zaman Kaira was your minister for Kashmir affairs. You supported peoples Party in difficult times as well. The development work which was carried out in Kashmir was and is unprecedented.

 

Chairman PPP said that the behaviour and policy of federal and Kashmir governments with the people is derogating. We feel your pain because you are the comrades of Shaheed Zulfikar Ali Bhutto and Shaheed |Mohtarma Benazir Bhutto and I cannot leave you at the mercy of these callous governments. Now I am among you all, and once again you have to support the PPP like you did with the Quaid-e-Awam and Shaheed Benazir Bhutto. If you want for the problems facing Kashmir to be solved, then you have to support the PPP. In occupied Kashmir people are fighting against Modi’s policies and here in Azad Kashmir people are fighting poverty, inflation and unemployment in Imran Khan’s government. You are suffering because of the failed and incompetent government of Imran Khan. The people of Kashmir always prospered during the PPP governments.

 

The PPP is the only party to get you out of these sufferings. We should form a government of PPP which can not only stand up to Modi’s government but also save you from this PTIMF government. He asked the workers to campaign door to door and deliver the message of PPP. He resolved that the next prime minister of Azad Kashmir will be from PPP. He asked to the people to elect PPP candidate, Afsar Shahid with a huge margin.

 

At Palak Chaksawari in Mirpur Azad Kashmir, addressing a huge crowd Chairman Bilawal said that he is always happy to visit Kashmir because the relations between the PPP and the people of Kashmir go back three generations. Our relation is not only political but historical, and it will continue for generations to come. When you supported Shaheed Bhutto, we wrote history together. When you supported Shaheed Mohtarma Benazir Bhutto, we also recorded a history. When you supported President Zardari, the PPP government carried out historic development. Now, we have started the journey of a new generation.

 

The youth of both Azad and Occupied Kashmir are also starting a new journey. They are fighting against Modi’s government in Occupied Kashmir and against Imran Khan’s policy of unemployment, poverty and inflation in Azad Kashmir. They cannot send their children to schools, buy medicines for their elders and feed their children. Shaheed Zulfikar Ali Bhutto had said that we will fight for Kashmir for a thousand years if need be. There was a time when Shaheed Mohtarma Benazir Bhutto said that where Kashmiris shed sweat, we will shed blood. Now, Modi has done a historical injustice to Kashmiri people and Imran Khan’s response is “What can I do?”.

 

When Zulfikar Ali Bhutto used to give a call for strike in Azad Kashmir, the people of Occupied Kashmir used to observe it as well. Imran Khan tried to find a solution for Kashmir by changing the name of Kashmir Highway to Srinagar Highway. You have to respond to this failed and incompetent prime minister by your votes. You have to tell the world that regardless of what this puppet prime minister says, the Kashmiri people are standing with the people of Occupied Kashmir. You have to give a message to the entities who declared the person who gave you nuclear capability and missile technology, a security risk. This puppet has not only compromised on Kashmir, but also wants to compromise Pakistan’s nuclear capability.

 

The Kashmiri people will declare this puppet prime minister a security risk by rejecting him in the elections. You will chase out PTI from Kashmir. After electing a prime minister in Kashmir, we will elect a PPP prime minister in Pakistan as well, who will not compromise on Kashmir and will also be able to solve your problems. There is only one party which can not only protect Azad Kashmir, but Occupied Kashmir as well. You have to elect PPP candidate with huge margin. The PPP will serve the people of Kashmir after getting elected on 25 July.

 

Addressing party workers at Dhana, Chairman Bilawal Bhutto Zardari said that late Matloob Inqilabi served the Kashmiri people tirelessly and kept the flag of Shaheed Zualfikar Ali Bhutto and Mohtarma Benazir Bhutto Shaheed flying high. Now the son of the Matloob Inqilabi will continue his mission. Now the new generation is starting his struggle and now Matloob Inqilabi will start his struggle with me.

 

The PPP has always served the people of Kashmir and I have come here to ask your support and your vote. Now this new generation will solve the problem confronting Azad Kashmir and will also stand by with the Occupied Kashmir. Even a child knows that the PPP has given employment to the Kashmiri people. You have to support the PPP ask anybody whether a government servant or a teacher or a soldier, their salaries were increased during the PPP governments. We have to increase the salaries and pension and have to provide employment to ever household.

 

The nuclear capability and missile technology is with us due to Shaheed Zulfikar Ali Bhutto and Mohtarma Benazir Bhutto Shaheed. This cowered Imran Khan says that we have no need of nuclear capability. We will not allow this puppet to compromise on our nuclear capability. You have to vote for the PPP on 25th July and have to vote for Waleed Inqilabi and all other PPP candidates. The PPP the only party which has not shook hands with Modi. We don’t celebrate with such people and we do not share our sadness with them. We have always supported Shaheed Benazir Bhutto and Mard-i-Hur President Zardari and now you will support me.

 

For more information, contact:

PPP Media Cell (Sindh)

Pakistan People’s Party (PPP)

Peoples Secretariat Shikarpur Colony,

Behind Mazar-e-Quaid-e-Azam, Karachi, Pakistan

Cell: +92-305-3370383

Email: contact@ppp-tu.com

Website: https://www.ppp.org.pk