For more information on these and other factors that may affect our expectations and forecasts, see our regular sec submissions. IFMK`s SEC submissions are publicly available on the SEC`s website in www.sec.gov. IFMK disclies any obligation to update any forward-looking statements, whether as a result of new information, future events or other reasons. NEW YORK, April 06, 2021 (GLOBE NEWSWIRE) — iFresh, Inc. (“iFresh” or “the Company”) (Nasdaq: IFMK), a leading Asian-American supermarket chain and online retailer, today announced that the company, NYM Holding, Inc. (“NYM”), certain subsidiaries of NYM, Go Fresh 365, Inc., M. Long Deng (the “Loan Parties”) has entered into a Waiver and Amendment Agreement with the KeyBank National Association (KeyBank) or the “Lender”) in respect of a Loan Agreement dated December 23, 2016 as amended, pursuant to which KeyBank NYM has made available a revolving credit facility, a fixed-term credit facility and other credit housing. The waiver agreement contains amendments to the credit agreement and other loan documents. The NFL began the regular season Thursday night with Super Bowl champion Tampa Bay Buccaneers, who survived the Dallas Cowboys, but fuboTV (NYSE: FUBO) scored touchdowns throughout the month.
The sports-centric live streaming service started the month by taking some sticky features from the beta platform last week and giving its fast-growing subscriber base access to screen stats and free-to-play predictive games at cash prices. An agreement will be reached this week to expand its regional sports program, as well as a multi-year partnership with an NFL team to promote its upcoming sports betting. Apple has suffered a blow due to its App Store rules and the ongoing struggle with developer Fortnite Epic. The iPhone maker has been forced by a judge to stop banning other apps from offering other ways to pay for digital services, away from its own payment systems. The result comes just days before Apple likely introduces the iPhone 13 and as part of a series of concessions that appear to want to reduce pressure from antitrust authorities. For more information about the waiver agreement, see the company`s latest report on Form 8-K, which was submitted to the Securities and Exchange Commission on April 6, 2021. The board of directors of Verizon Communications Inc. (NYSE: VZ) announced that it will increase its dividend on May 1. Lord. Long Deng, President of iFresh, commented: “We are pleased to finally sign the waiver agreement with KeyBank in order to obtain the waiver limited to specified default events.
The company cooperates with the lender to provide the outstanding amounts in order to improve its solvency. Most importantly, we believe that the purpose of the waiver agreement is to enable us to meet the requirements for filing Form S-3. Apple may have suffered a legal setback on Friday, but analysts say it won`t hurt the company in the long run. In accordance with the Waiver Agreement, the Lender agrees to grant a limited waiver of specified late events, accrued and unpaid interest at the time of entry into effect of the outstanding late payment rate, as well as the Lender`s accrued and unpaid reimbursable fees and costs that have not been paid by the effective date; provided that such a limited waiver only takes effect when the lender receives $1.0 million of the payment amount in a timely manner on or before April 7, 2021. . . .