HERITAGE GLOBAL INC - HGBL STOCK NEWS

Heritage Global Inc. (NASDAQ: HGBL) has announced the release of its third quarter financial results, scheduled for after market close on November 10, 2021. Management will host a conference call and webcast on the same day at 5:00 pm ET to discuss the results. The conference call can be accessed by both domestic and international participants. A replay will be available approximately two hours after the live event and can be accessed through the company's website until November 24, 2021.

For more information, visit www.hginc.com.

Heritage Global (NASDAQ: HGBL) will present at the 14th annual LD Micro Main Event on October 12, 2021, at 9:00 AM PT/12 noon ET in Los Angeles. CEO Ross Dove will lead the presentation and engage in one-on-one meetings throughout the event, which runs from October 12-14. The conference will feature around 150 companies presenting over the three days, with keynotes and networking opportunities. This marks a key moment post-pandemic for investor relations and engagement.

Heritage Global Inc. (NASDAQ: HGBL) announces CEO Ross Dove's participation in Lake Street Capital’s 5th Annual Best Ideas Growth Conference on September 14, 2021. The company specializes in financial and industrial asset transactions, offering services such as market making, acquisitions, valuations, and secured lending. Heritage Global focuses on monetizing assets across 28 global sectors, acting as both adviser and principal. The company emphasizes the importance of understanding market conditions and potential risks affecting future performance.

Heritage Global Partners has partnered with ViciNFT Corporation to co-manage NFT auctions. This collaboration aims to tap into the $2.5 billion NFT market, utilizing ViciNFT's expertise in digital assets and blockchain technology. Heritage will serve as the preferred marketplace for upcoming auctions, starting with the second series of Michelle Phillips' NFTs, which previously generated $100,000 in revenues. The partnership is expected to drive growth and significant revenue potential for both companies.

Heritage Global Inc. (NASDAQ: HGBL) has announced a non-qualified stock option grant under Nasdaq Listing Rule 5635(c)(4) in connection with its acquisition of American Laboratory Trading (ALT). The Heritage Global Board approved an option to purchase 150,000 shares at an exercise price of $1.78, which is equal to the closing stock price on August 20, 2021. This option is granted to Jayson Bernstein, President of ALT, and will vest in equal annual installments over four years commencing August 23, 2021, contingent on his continued employment.

Heritage Global Partners (HGP), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), announced the acquisition of substantially all assets of American Laboratory Trading (ALT), a leading supplier of refurbished lab equipment in North America. The deal, which includes ALT's property in East Lyme, Connecticut, aims to strengthen HGP's presence in the biotech sector and bolster its operations in New England. CEO Ross Dove emphasized the strategic importance of the acquisition for enhancing shareholder value and expected immediate positive impacts on the bottom line.

Heritage Global (NASDAQ: HGBL) reported its Q2 2021 financial results, indicating challenges due to limited asset flow in both financial and industrial sectors. Operating income fell to $73,000 from $1,024,000 year-over-year, with net income dropping to $587,000 ($0.02 per share) compared to $2,039,000 ($0.07 per share) in Q2 2020. Despite these declines, CEO Ross Dove expressed optimism for increased asset flow in the latter half of 2021 as economic conditions improve and consumer borrowing rises. The company maintains a strong balance sheet, with stockholders’ equity at $31.0 million.

Heritage Global Inc. (NASDAQ: HGBL) will announce its second quarter financial results after market close on August 12, 2021. A webcast and earnings conference call is scheduled for the same day at 5:00 pm ET, where management will discuss the results. Investors can participate via dial-in or through the company’s Investor Relations website. A replay of the call will be available on the website for two weeks. Heritage Global specializes in financial and industrial asset transactions, providing services including valuations, acquisitions, and market making across various sectors.

Heritage Global Partners (HGP), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), announced its fourth online auction for surplus assets from Halliburton, set for August 17-18, 2021. This auction will feature a variety of equipment including trucks, trailers, cranes, and tanks sourced from Halliburton’s Duncan, Oklahoma site. The auction aims to monetize these assets effectively, following a successful previous auction from the same site. The catalog showcases millions of dollars worth of equipment with detailed descriptions and auction registration links.