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HOUSTON, May 12, 2021 /PRNewswire/ U.S. Well Services, Inc. (Nasdaq: USWS) (the Company ) announced today in a Current Report on Form 8-K, that as a result of the recent guidance issued by the Securities and Exchange Commission (the SEC ) on April 12, 2021
1 for all SPAC-related companies regarding the accounting and reporting for their warrants (the SEC Statement ), it will restate its previously issued consolidated financial statements as of and for the years ended December 31, 2018, 2019 and 2020, as well as for the quarterly periods in the years ended December 31, 2019 and December 31, 2020. Any corrections in the accounting for the Company s warrants described below are expected to be non–operational and non-cash, and thus are not expected to have any impact on the Company s Revenue, Operating Income, or non-GAAP financial measures, including EBITDA, Adjusted EBITDA and Adjusted EBITDA margin in prior periods or moving forward.
05 May 2021 - 10:14
Sachin Kumar | The Peninsula
Baladna, Qatar’s leading dairy and beverage company, is confident to achieve growth in the current year despite the challenging situation due to coronavirus pandemic.
“Baladna stands for successful growth and perseverance, and we remain well positioned for growth in 2021 despite the challenging times expected to continue in the foreseeable future,” said the company in its latest results presentation.
“Baladna has demonstrated resilience and agility throughout the pandemic, and we are confident in our ability to continue to grow and strengthen our core business and categories.
We also believe that there are further opportunities to drive efficiencies across our value chain which we will continue to optimize,” said the company.