PRINCETON, N.J.–(BUSINESS WIRE)–
NRG Energy Inc. (NYSE: NRG) announced that on October 7, 2020 the Company received notice from the Department of Justice and the Federal Trade Commission granting early termination of the Hart-Scott-Rodino (HSR) waiting period for the previously announced Direct Energy acquisition.

The Company has received Centrica Shareholder, Canadian Competition Act and HSR approvals. This acquisition remains subject to approval from the Federal Energy Regulatory Commission (FERC).

The acquisition is targeted to close by year end 2020.

About NRG

At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy, @nrginsight.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws. Such statements generally include the words “believes,” “plans,” “intends,” “targets,” “will,” “expects,” “suggests,” “anticipates,” “outlook,” “continues,” or similar expressions. Forward-looking statements include, without limitation, statements about the Direct Energy transaction and the anticipated timing thereof and NRG’s ability to satisfy the conditions with respect to such acquisition; NRG’s indebtedness, capital structure, plans, expectations, objectives and other future events, and views of economic and market conditions. NRG cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Among

FISHERS, IN / ACCESSWIRE / October 7, 2020 / American Resources Corporation (NASDAQ:AREC) (“American Resources” or the “Company”), a supplier of raw materials to the rapidly growing global infrastructure marketplace, today announced that it has entered into a securities purchase agreement with institutional investors for the issuance and sale of 5,200,000 shares of its common stock at a price of $2.50 per share, for aggregate gross proceeds of approximately $13.0 million, in a registered direct offering.

Kingswood Capital Markets, division of Benchmark Investments, Inc., is acting as exclusive placement agent for the offering.

The offering is expected to close on or about October 9, 2020, subject to the satisfaction of customary closing conditions.

The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-230786) previously filed and declared effective by the Securities and Exchange Commission (the “SEC”), and declared effective on June 4, 2019. The offering of the shares of common stock will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement, describing the terms of the proposed offering, which will be filed with the SEC. The Company will also file a Form 8-K in connection with the securities purchase agreement and the closing of the offering.

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

When available, copies of the prospectus supplement relating to this registered direct offering, together with the accompanying prospectus, can be obtained at the SEC‘s website at

A total of 29 companies entered the public market this past week, the most ever in a single week. The week’s 11 IPOs were joined by 15 SPACs and three direct listings.

Notable new IPO filings included TPG-backed antivirus provider McAfee (MCFE), Vista Equity’s IT software provider Datto (MSP), and three mortgage companies.

We also released our 3Q US Review, and updated our blog post on SPAC performance.

Data analytics unicorn Palantir (PLTR) opened 38% above its reference price, beginning trading at $10 for an implied $22.2 billion market cap. Work management SaaS Asana (ASAN) opened 29% above the reference price with its first trade at $27, implying a $5.0 billion market cap. Both deals had healthy volume on day one. While recent software IPOs have outperformed, the high-growth large-loss direct listings weren’t able to find support in the public market, and traded off from their opens. From their opening prices, Palantir finished the week down 8% and Asana finished down 4%.

The third direct listing, SMB services provider Thryv Holdings (THRY), went public with less fanfare and minimal initial volume. Formerly Dex Media, the company delisted from the Nasdaq (DXM) and declared bankruptcy in 2016; the restructured company later changed its name to Thryv Holdings in July 2019. Thryv finished up 3% from its opening price of $14.

Chinese data center operator Chindata Group Holdings (CD) priced at the high end to raise $540 million at a $4.9 billion market cap. The company has seen explosive revenue growth, and the long-term nature of its contracts provider high visibility, though revenue was highly concentrated in the 1H20. Chindata finished up 4%.

Sporting goods retailer Academy Sports and Outdoors (ASO) priced well below the range to raise $203 million at a $1.2 billion market cap. LBO’d by KKR in 2011, the

Shares of Asana  (ASAN) – Get Report rose Wednesday in their first day of trading for the collaboration-software company after its direct listing on the New York Stock Exchange.

The San Francisco company’s co-founder and chief executive is Dustin Moskovitz, who also a co-founder of Facebook.  (FB) – Get Report

Asana recently traded at $28.49 on the NYSE, up 36% from its reference price of $21. The stock opened at $27.

In a direct listing a company and its current holders sell shares to the public. New shares are not created and no underwriters are involved.

Asana’s IPO was overshadowed by Palantir  (PLTR) – Get Report, a provider of data-analytics software to the government. Backed by venture capital icon Peter Thiel, Palantir also went public Wednesday with a direct listing on the NYSE.

Asana, started up in 2008, has 910 employees and produces software that competes with Atlassian’s TEAM Trello.

“We have experienced rapid growth in recent periods,” Asana said in its prospectus. Revenue registered $76.8 million and $142.6 million for fiscal 2019 and fiscal 2020, respectively, representing growth of 86%.”

Sales totaled $28 million and $47.7 million for the three months ended April 30, 2019 and 2020, respectively.

The company reported net losses of $50.9 million for fiscal 2019 and $118.6 million and fiscal 2020. It posted deficits of $15 million and $35.8 million for the three months ended April 30, 2019 and 2020, respectively.

As for risks, “we have a limited operating history at our current scale, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful,” Asana said.

In addition, it said, “we have a history of losses, and we may not be able to achieve profitability or, if achieved,

Palantir Technologies Inc. began trading Wednesday on the New York Stock Exchange.


NYSE

Two members of the House of Representatives asked the Securities and Exchange Commission to investigate Palantir Technologies Inc.’s disclosures and governance ahead of the controversial software company’s Wednesday direct listing.

Rep. Alexandria Ocasio-Cortez, D-N.Y., and Jesus “Chuy” Garcia, D-Ill., wrote a letter Sept. 17 requesting that the SEC investigate several elements of Palantir’s
PLTR,
+31.03%

filing for a direct listing and request further disclosure. Specifically, the two members of Congress wanted more information on the company’s work with the U.S. Department of Health and Human Services on coronavirus data.

“Palantir must provide greater transparency to potential investors about the data protections or lack thereof associated with its government contracts, and further information about the U.S. and non-U.S. government entities for which it is working on data related to the COVID-19 crisis,” the representatives wrote. “This is of paramount importance to investors and the public, as Palantir Chief Operating Office Shyam Sankar recently characterized the company’s work for multiple governments to manage and process data in response to the COVID-19 crisis as the new ‘driving thrust of the company.’”

“I was not aware of those requests,” Sankar said in an interview with MarketWatch on Wednesday immediately after Palantir’s shares began trading. He added that “part of this process was a pretty sensitive back and forth with the SEC” on a variety of topics, which led to 11 total versions of the company’s S-1 filing with the SEC. Three of those versions were publicly posted after the letter was sent, one on Sept. 18 and two on Sept. 21, when Palantir added language about its unique share structure and then removed it after a TechCrunch report detailed the new disclosures.

For more: Five things to know about the Palantir