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Stock impact report

Some Larger Companies Repay Paycheck Protection Program Loans Amid Government Pressure [Forbes]

DMC Global Inc. (BOOM) 
Last dmc global inc. earnings: 4/23 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: dmcglobal.com/investors
Company Research Source: Forbes
LightRocket via Getty ImagesRuth’s Hospitality Group, the owner of Ruth’s Chris Steak House, DMC Global, and Kura Sushi moved to repay the Paycheck Protection Program loans they received as the government warned larger public companies about abusing emergency financing efforts for small businesses.On Thursday, the Treasury Department issued new guidance about the Small Administration’s Paycheck Protection Program, putting larger companies that tapped it on notice that they may be in hot water for breaching certifications they made when they applied for funding.“It is unlikely that a public company with substantial market value and access to capital markets will be able to make the required certification in good faith,” the Treasury Department said.Pressure has been building on the dozens of public companies that received emergency loans ever since the $349 billion Paycheck Protection Program for small businesses ran out of money last week. Some of those public companies have market c Show less Read more
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