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AeroCentury Corp. Announces Bankruptcy Orders And Receipt of Going Concern Audit Opinion

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BURLINGAME, Calif., April 26, 2021 (GLOBE NEWSWIRE) — AeroCentury Corp. (the “Company”) today announced orders entered in the chapter 11 bankruptcy case covering it and certain of its subsidiaries in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) as well as receipt of an audit opinion with going concern qualification.

Bankruptcy Orders Entered Regarding Continued Funding and Auction Sale

On April 22, 2021, the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) entered an order authorizing and approving the funding of AeroCentury Corp.’s (“AeroCentury”) chapter 11 bankruptcy cases on a final basis.  This final order authorizes AeroCentury’s continued access to funding for its business operations and restructuring process, to the extent that such funding is available.  On the same date, the Bankruptcy Court entered an order authorizing and approving marketing and sale procedures with respect to the sale of some or all of AeroCentury’s assets.  AeroCentury’s court-supervised sale process requires any bids for its assets to be submitted by 5:00 p.m. on May 17th, an auction on May 20th (should one be required) and a hearing before the Bankruptcy Court to consider approval of the results of the sale process at 2:00 p.m. on May 25th.  B. Riley Securities, Inc. is advising AeroCentury in connection with its ongoing marketing and sale process and Morrison & Foerster and Young Conaway are acting as legal counsel to AeroCentury in its bankruptcy proceeding.

Receipt of Audit Opinion with Going Concern Qualification

Pursuant to the disclosure requirements of the NYSE American Company Guidelines Sections 401(h) and 610(b), the Company is reporting that its audited financial statements for the fiscal year ended December 31, 2020, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 15, 2021, contains an audit opinion from its independent registered public accounting firm that includes a statement regarding substantial doubt of the Company’s ability to continue as a going concern. This announcement does not represent any change or amendment to the Company’s financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2020.

About AeroCentury: AeroCentury is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines. The Company’s aircraft are leased to regional airlines and commercial users worldwide.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

The statements herein regarding the Company’s plans to seek and obtain funding for its business operations and restructuring process and sale of some or all of its assets constitute “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on projections and assumptions made by management of the Company, are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict or control, including the unavailability of funding on terms favorable to the Company or at all and the absence of potential buyer interest to purchase some or all of the Company’s assets. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested can be found in the Company’s filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from the Company.

Harold M. Lyons
Chief Financial Officer
(650) 340-1888

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Source: http://www.globenewswire.com/news-release/2021/04/27/2217265/0/en/AeroCentury-Corp-Announces-Bankruptcy-Orders-And-Receipt-of-Going-Concern-Audit-Opinion.html

Globe NewsWire

McPhy annonce l’initiation de la couverture de son titre par ODDO-BHF

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La Motte-Fanjas, le 07 mai 2021 – 8h00 – McPhy (Euronext Paris Compartiment C : MCPHY, FR0011742329) spécialiste des équipements de production et distribution d’hydrogène zéro-carbone (électrolyseurs et stations de recharge), a le plaisir d’annoncer l’initiation de la couverture de son titre par ODDO-BHF avec une étude intitulée « Vers une dimension industrielle dans l’hydrogène vert ».

Afin d’élargir sa couverture des valeurs de croissance dédiées à la transition énergétique, ODDO-BHF a décidé d’initier le suivi du titre McPhy.

Le titre McPhy est par ailleurs suivi par les sociétés de bourse suivantes :

  • Barclays ;
  • Berenberg ;
  • Bryan Garnier ;
  • Gilbert Dupont / Groupe Société Générale ;
  • Kepler Cheuvreux ;
  • Panmure Gordon ; et
  • Portzamparc / Groupe BNP Paribas.

Prochains rendez-vous de communication financière                                                          

  • Assemblée Générale annuelle, le 17 juin 2021
  • Publication des Résultats du 1er semestre 2021, le 27 juillet 2021, après clôture des marchés

A propos de McPhy

Spécialiste des équipements de production et distribution d’hydrogène, McPhy contribue au déploiement mondial de l’hydrogène zéro-carbone comme solution pour la transition énergétique. Fort de sa gamme complète dédiée aux secteurs de l’industrie, la mobilité et l’énergie, McPhy offre à ses clients des solutions clés en main adaptées à leurs applications d’approvisionnement en matière première industrielle, de recharge de véhicules électriques à pile à combustible ou encore de stockage et valorisation des surplus d’électricité d’origine renouvelable. Concepteur, fabricant et intégrateur d’équipements hydrogène depuis 2008, McPhy dispose de trois centres de développement, ingénierie et production en Europe (France, Italie, Allemagne). Ses filiales à l’international assurent une large couverture commerciale à ses solutions hydrogène innovantes. McPhy est coté sur Euronext Paris (compartiment C, code ISIN : FR0011742329, code mnémonique : MCPHY).

CONTACTS

NewCap  
 

Relations investisseurs

Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

Relations presse

Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.eu   

                                   

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Source: https://www.globenewswire.com/news-release/2021/05/07/2225231/0/fr/McPhy-annonce-l-initiation-de-la-couverture-de-son-titre-par-ODDO-BHF.html

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McPhy announces the initiation of coverage of its stock by ODDO-BHF

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La Motte-Fanjas, May 7, 2021 – 8:00 am CEST McPhy (Euronext Paris, C Compartment: MCPHY, FR0011742329), a specialist in zero-carbon hydrogen production and distribution equipment (electrolyzers and recharging stations), is pleased to announce the initiation of coverage of its stock by ODDO-BHF with a study entitled “On track for industrial scale in green hydrogen”.

In order to broaden its coverage of growth stocks dedicated to the energy transition, ODDO-BHF has decided to initiate the coverage of the McPhy stock.

The McPhy stock is also covered by the brokerage firms:

  • Barclays;
  • Berenberg;
  • Bryan Garnier;
  • Gilbert Dupont / Groupe Société Générale;
  • Kepler Cheuvreux;
  • Panmure Gordon; and
  • Portzamparc / Groupe BNP Paribas.

Upcoming of financial communication events:

  • Annual General Meeting on June 17, 2021
  • Publication of half-yearly results on July 27, 2021 after market close

About McPhy

Specialized in hydrogen production and distribution equipment, McPhy is contributing to the global deployment of zero-carbon hydrogen as a solution for energy transition. With its complete range of products dedicated to the industrial, mobility and energy sectors, McPhy offers its customers turnkey solutions adapted to their applications in industrial raw material supply, recharging of fuel cell electric vehicles or storage and recovery of electricity surplus based on renewable sources. As designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production centers in Europe (France, Italy, Germany). Its international subsidiaries provide broad commercial coverage for its innovative hydrogen solutions. McPhy is listed on Euronext Paris (compartment C, ISIN code: FR0011742329, MCPHY).

To learn more: www.mcphy.com

McPhy is eligible PEA-PME

CONTACTS

NewCap  
 

Investor Relations

Emmanuel Huynh
T. +33 (0)1 44 71 94 99
mcphy@newcap.eu

 

Media Relations

Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.eu   

                                    

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Source: https://www.globenewswire.com/news-release/2021/05/07/2225231/0/en/McPhy-announces-the-initiation-of-coverage-of-its-stock-by-ODDO-BHF.html

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Photo Release — USS John C. Stennis (CVN 74) Arrives at Huntington Ingalls Industries’ Newport News Shipbuilding Division to Start its Refueling and Complex Overhaul

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NEWPORT NEWS, Va., May 06, 2021 (GLOBE NEWSWIRE) — Aircraft carrier USS John C. Stennis (CVN 74) arrived at Huntington Ingalls Industries’ (NYSE:HII) Newport News Shipbuilding division today to start its refueling and complex overhaul (RCOH) after years of advance planning.

“For the last three years, we have planned each step of the aircraft carrier USS John C. Stennis’ (CVN 74) RCOH, including procuring long lead-time materials, conducting shipboard inspections and readying our facilities for this extensive engineering and construction project,” said Todd West, Newport News’ vice president, in-service aircraft carrier programs.

“We look forward to continuing our work with the ship’s crew and our 579 vendors across 36 states that provide material and services which brings stability of this industrial base and is critical to our ability to continue to build and maintain the Navy fleet our Navy and nation needs,” West added.

A photo accompanying this release is available at: https://newsroom.huntingtoningalls.com/file/stennis-cvn-74-arrives-nns.

Stennis is the seventh Nimitz-class carrier to undergo this major mid-life availability, representing 35% of all maintenance and modernization completed during its 50-year service life. Over the next four years, Newport News will perform hull and freeboard blast and paint, repairs to its propellers, sea chests, shafts, and rudders and defueling and refueling of its power plant.

This effort, which will continue through late 2025, will produce a recapitalized carrier capable of supporting current and future warfare doctrine while continuing to operate as the centerpiece of the Navy fleet and national defense for another 25 years.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs more than 41,000 people operating both domestically and internationally. For more information, visit:

• HII on the web: www.huntingtoningalls.com
• HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
• HII on Twitter: www.twitter.com/hiindustries  
• HII on YouTube: www.youtube.com/huntingtoningalls
• HII on Instagram: www.instagram.com/huntingtoningalls

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Source: https://www.globenewswire.com/news-release/2021/05/06/2225161/14858/en/Photo-Release-USS-John-C-Stennis-CVN-74-Arrives-at-Huntington-Ingalls-Industries-Newport-News-Shipbuilding-Division-to-Start-its-Refueling-and-Complex-Overhaul.html

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Scatec ASA – Long term incentive programme

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Oslo, 6 May 2021: Today, a total of 219,566 share options were granted to leading employees.

Each share option gives the right to subscribe for and be allotted one share in Scatec ASA. The strike price of the options is set to NOK 244.28 per share, which is based on the volume weighted average share price over the ten last trading days preceding 6 May 2021. The options will lapse if not exercised by 1 January 2025. The option grant is divided into three tranches whereby 1/3 vests each year over three years, with the first tranche vesting 1 January 2022. The current grant is the second of three contemplated annual grants of share options in accordance with Scatec’s share-based incentive programme.

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 364, email: ir@scatec.com

About Scatec ASA:
Scatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds, owns and operates solar, wind and hydro power plants and storage solutions. Scatec has more than 3.5 GW in operation and under construction on four continents and more than 500 employees. The company is targeting 15 GW capacity in operation or under construction by the end of 2025. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn more, visit www.scatec.com, or connect with us on Linkedin.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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Source: https://www.globenewswire.com/news-release/2021/05/06/2224892/0/en/Scatec-ASA-Long-term-incentive-programme.html

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