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MELVILLE, N.Y., Nov. 17, 2017 (GLOBE NEWSWIRE) -- FalconStor Software, Inc. (OTCMKTS:FALC) (“FalconStor” or the “Company”), today announced that the Company has secured a commitment (the “Commitment”) from HCP-FVA, LLC, an affiliate of Hale Capital Partners, LP (together, “Hale Capital”), to purchase up to $3 million worth of units from the Company in a proposed private placement of units which will be offered to certain eligible stockholders of the Company existing on the date hereof (the “Proposed Offering”). The units would be issued as part of an approximately $14.08 million offering of units, which assumes year end closing with each unit consisting of senior secured debt, nominal warrants and shares of the Company’s Series A Redeemable Preferred Stock (the “Series A Preferred Stock”) held by Hale Capital. Also today, the Company announced it has entered into a short-term secured term loan with Hale Capital in the principal amount $500,000 (the “Short Term Loan”), which may be satisfied through the issuance by the Company of units in the Proposed Offering. As previously disclosed in the Company’s filings, the Company was actively seeking financing in order to meet the Company’s operating cash flow needs. Hale Capital is the Company’s largest stockholder through its ownership of Series A Preferred Stock and an affiliate of FalconStor director, Martin Hale.

Read more: FalconStor Software Secures Financing Commitment From Hale Capital

EUGENE, OR--(Marketwired - November 17, 2017) - Quest Solution, Inc. (OTCQB: QUES), a specialty systems integrator focused on field and supply chain mobility announced its financial results for the three and nine-month periods ended September 30, 2017.

Read more: Quest Solution Reports Third Quarter 2017 Results

WOOD DALE, Ill., Nov. 17, 2017 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. ("the Company" or “PSI”) (OTC Pink:PSIX), a leader in the design, engineering and manufacture of emissions-certified, alternative-fuel power systems, announced that the Company and its subsidiary, Professional Power Products, Inc., (3Pi) has settled litigation with Carl Trent, Kenneth Trent and CKT Holdings, Inc., (“the Plaintiffs”) in relation to a stock purchase agreement and employment agreements that were entered into in connection with PSI’s acquisition of 3Pi.  The Company, 3Pi and the Plaintiffs asserted claims against each other that they ultimately agreed to resolve in return for full and final mutual releases predicated on PSI making periodic payments through June 2018. 

Read more: Power Solutions International Announces Settlement of Litigation

WEST BEND, Wis., Nov. 17, 2017 (GLOBE NEWSWIRE) -- Westbury Bancorp, Inc. (OTCQX:WBBW) announced that on November 15, 2017, its Board of Directors authorized a stock repurchase program pursuant to which the Company intends to purchase up to 388,037 of its issued and outstanding shares, representing approximately 10% of its issued and outstanding shares of common stock as of the date hereof.  The repurchase program will commence on or about November 17, 2017.  The program is the sixth repurchase program approved by the Board of Directors.  In connection with the authorization of this stock repurchase program, the Board of Directors of the Company announced that the Company’s existing stock repurchase program, which was approved in February 2016 and had authorized the Company to purchase up to 422,906 shares of its issued and outstanding common stock, had been terminated.  The Company had purchased 389,780 shares under the existing plan.  The Company has purchased a total of 1,507,132 shares under the five previous programs.   The timing of the purchases under the newly adopted program will depend on certain factors, including, but not limited to, market conditions and prices, available funds and alternative uses of capital.  The new stock repurchase program may be carried out in accordance with Securities and Exchange Commission Rule 10b-18 through open-market purchases, block trades, negotiated private transactions and pursuant to a trading plan that will be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934.  Any repurchased shares will be treated as authorized but unissued by the Company.

Read more: Westbury Bancorp, Inc. Announces Sixth Stock Repurchase Program

SMITHFIELD, N.C., Nov. 17, 2017 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (OTCBB:KSBI), parent company of KS Bank, Inc., issued a statement regarding the unsolicited indications of interest received earlier this year from First Citizens BancShares, Inc. (“First Citizens”) (NASDAQ:FCNCA). 

Read more: KS Bancorp President’s Statement

AMITYVILLE, NY--(Marketwired - Nov 17, 2017) -  Iconic Brands, Inc. (OTC PINK: ICNB) Iconic Brands is pleased to announce that the company has more than doubled the previously announced purchase order financing to in excess of $650k USD with no equity component, allowing for continued growth, the company expects this credit facility will continue to expand with demand.

Read more: Iconic Brands/ICNB-Sales and Funding Update

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