BTN - BTN STOCK NEWS

Ballantyne Strong (NYSE American: BTN) completed a public offering of 3,290,000 shares at $2.30 per share, generating gross proceeds of $7,567,000. The offering was managed by ThinkEquity and executed under an effective shelf registration statement filed with the SEC. The funds from this offering will be utilized to strengthen the company’s financial position. Ballantyne Strong operates across various sectors, including cinema, and has significant investments in Firefly Systems and GreenFirst Forest Products.

Ballantyne Strong has priced its public offering of 3,290,000 shares of common stock at $2.30 per share, amounting to gross proceeds of $7,567,000. The offering is set to close on February 8, 2021, pending customary conditions. ThinkEquity is the book-running manager. The shares will be offered under a shelf registration statement effective since June 4, 2020. The company operates in multiple sectors, including digital cinema and mobile advertising, and holds significant investments in Firefly Systems and GreenFirst Forest Products.

Ballantyne Strong (NYSE American: BTN) announced plans for an underwritten public offering of its common stock, all of which will be sold by the Company. The offering will be managed by ThinkEquity, who may purchase an additional 15% of shares for over-allotments. Proceeds will support general corporate purposes including working capital and potential acquisitions. The offering is subject to market conditions and will be filed under a shelf registration with the SEC. The Company holds investments in various sectors, including digital advertising and forestry.

Ballantyne Strong's subsidiary, STRONG Technical Services, has successfully installed advanced projection systems at IPIC Theater's new Midtown Atlanta location. This installation features a robust, fault-tolerant network and supports a wide array of technologies, including QSC Q-SYS and AV over IP for streaming. The project demonstrates STRONG's engineering capabilities and commitment to enhancing digital cinema technology, aiming for a stable streaming environment for studio and alternative content.

Ballantyne Strong's subsidiary, STRONG Technical Services (STS), has partnered with INDY Cinema Group to offer managed services in Europe. This collaboration aims to expand STS's service offerings to independent cinemas, leveraging their support infrastructure including 24/7 support, equipment discounts, and technology solutions. Both companies emphasize their commitment to enhancing the cinema experience and addressing unique industry challenges. This partnership follows successful previous collaborations in the U.S.

Ballantyne Strong reported financial results for Q3 2020, showcasing improved profitability amidst the COVID-19 pandemic. Key highlights include a 169% increase in segment operating income and an 88% growth in Adjusted EBITDA to $1.7 million. Although revenue dropped 36.3% year-over-year to $9.9 million, sequential revenue surged by 113% as cinema operators reopened. The company settled a business interruption claim for $2.7 million and divested Strong Outdoor, increasing investment in Firefly to $13 million. Management remains optimistic about upcoming growth in both Convergent and Strong Entertainment.

Ballantyne Strong (NYSE American: BTN) will release its 2020 third-quarter financial results on November 12, 2020, after market close. The results, along with a presentation, will be accessible on its Investor Relations webpage. A conference call is scheduled for the same day at 5:00 PM ET, open to investors and analysts. The call can be accessed via specified phone numbers and will have a replay available until December 12, 2020. The PR includes forward-looking statements highlighting risks related to the COVID-19 pandemic and the company's operational challenges.

Ballantyne Strong's subsidiary, Strong/MDI Screen Systems, has signed a five-year exclusive supply agreement with Cinemark Theatres, a leading U.S. exhibitor. This partnership allows Strong/MDI to provide its full range of high-quality projection screens to Cinemark, enhancing the moviegoing experience across 534 theaters with nearly 6,000 screens. The agreement reflects a longstanding relationship between the two companies, emphasizing Strong/MDI's capability to deliver superior products that meet Cinemark's operational excellence standards.

Ballantyne Strong (NYSE: BTN) will present at the LD 500 investor conference on September 4, 2020, at 6:40 AM PST / 9:40 AM EST. CEO Mark Roberson will speak live, highlighting the company's innovations in cinema products and digital signage. The LD 500 event will run from September 1-4, 2020, featuring numerous companies accessible to all attendees. For those interested in tuning in, a webcast is available [here](https://www.webcaster4.com/Webcast/Page/2019/36917). This virtual format aims to create a valuable experience despite ongoing COVID challenges.