Effective date

SABA’s Board of Trustees Approves Share Repurchase Program, Reverse Stock Split, and Declassification of Board of Trustees

Retrieved on: 
Mercoledì, Maggio 1, 2024
Banking, Asset Management, Professional Services, Finance, Sale, Investment, Weather, Nature, Risk, NAV, Cyclone, Earthquake, Security (finance), Stock split, Past performance, Effective date, Fund, Share repurchase, David Gal, Gain (electronics)

The repurchase program will require reauthorization by the Board for each new fiscal year.

Key Points: 
  • The repurchase program will require reauthorization by the Board for each new fiscal year.
  • The Board has approved a reverse stock split (the “Reverse Split”) of the Fund’s common shares at a ratio of 1-for-2.
  • As of the Effective Date, every two shares of the Fund’s issued and outstanding common shares will be converted into one common share.
  • The annual election of all trustees at once will align the Fund’s corporate governance to the best-in-class standard of the industry.

Rigrodsky Law, P.A. and Rowley Law PLLC Announce a Class Action and Proposed Settlement for All Persons Who Held Fewer Than 1,000 Shares of Westell Technologies, Inc. Common Stock

Retrieved on: 
Lunedì, Aprile 15, 2024
Westell, Agreement, Hearing, Compromise, Prejudice, CLASS, Judgement, Class, ARE, The Honourable, Counsel, Effective date, Transaction, ACTION, Episcopal conference, All, Settlement, Person, Plaintiff, Insurance

YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

Key Points: 
  • YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.
  • If approved by the Court, the Settlement will resolve all claims in the Action against Defendants.
  • Class Members do not have to submit a claim form to receive a payment from the Settlement.
  • All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Settlement Administrator or Plaintiff's Counsel.

Robex Announces Share Consolidation

Retrieved on: 
Giovedì, Marzo 28, 2024
Letter, CUSIP, TMX Group, Consolidation, NOT, Effective date, Security (finance)

QUEBEC CITY, March 28, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. ("Robex" or the "Company") (TSXV: RBX) announces today that its Board of Directors has approved the implementation of the consolidation of the issued and outstanding common shares of the Company approved by its shareholders on June 29, 2023, on the basis of one (1) post-consolidation common share for ten (10) pre-consolidation common shares (the "Consolidation"), which will take effect on April 1st, 2024 (the "Effective Date").

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
    QUEBEC CITY, March 28, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. ("Robex" or the "Company") (TSXV: RBX) announces today that its Board of Directors has approved the implementation of the consolidation of the issued and outstanding common shares of the Company approved by its shareholders on June 29, 2023, on the basis of one (1) post-consolidation common share for ten (10) pre-consolidation common shares (the "Consolidation"), which will take effect on April 1st, 2024 (the "Effective Date").
  • After the Consolidation, the shares will have a new CUSIP number and a new ISIN number.
  • The Consolidation will reduce the number of issued and outstanding common shares of the Company from approximately 844,054,403 common shares to 84,405,449 common shares upon completion of the Consolidation.
  • No fractional common shares will be issued in connection with the Consolidation and all fractional common shares that would otherwise have been issued will be rounded to the nearest whole common share.

NuCana Announces Plan to Implement ADS Ratio Change

Retrieved on: 
Mercoledì, Marzo 27, 2024
Tax, Sale, ADS, DTC, DRS, Depository Trust Company, NCNA, Effective date, Depositary, American depositary receipt, Security (finance)

EDINBURGH, United Kingdom, March 27, 2024 (GLOBE NEWSWIRE) -- NuCana plc (NASDAQ: NCNA) announced plans to change the ratio of its American Depository Shares (“ADSs”) to its ordinary shares from one (1) ADS, representing one (1) ordinary share, to one (1) ADS representing twenty-five (25) ordinary shares (the "ADS Ratio").

Key Points: 
  • EDINBURGH, United Kingdom, March 27, 2024 (GLOBE NEWSWIRE) -- NuCana plc (NASDAQ: NCNA) announced plans to change the ratio of its American Depository Shares (“ADSs”) to its ordinary shares from one (1) ADS, representing one (1) ordinary share, to one (1) ADS representing twenty-five (25) ordinary shares (the "ADS Ratio").
  • The change in the ADS Ratio is expected to become effective on or about April 16, 2024 (the "Effective Date").
  • For the Company's ADS holders, the change in the ADS Ratio has the same effect as a one-for-twenty-five reverse ADS split and will have no impact on an ADS holder’s proportional equity interest in the Company.
  • As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be proportionally equal to or greater than the previous ADS trading price prior to the change or that the change in the ADS Ratio will have any effect on the liquidity in the Company’s ADSs.

Labaton Keller Sucharow Announces a Proposed Class Action Settlement for All Record Holders and Beneficial Owners of Sculptor Capital Management, Inc. Common Stock Whose Shares Rithm Capital Corp. Acquired at the Closing of the Merger

Retrieved on: 
Venerdì, Aprile 5, 2024
Class Action Lawsuit, Professional Services, Legal, Vii, Agreement, Prejudice, Notice, Defendant, Class, Episcopal conference, CLASS, Judgement, ARE, Settlement, Plaintiff, Eligibility, Effective date, Hearing, Compromise, LP, Mergers and acquisitions

SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER CLASS ACTION, SETTLEMENT HEARING,

Key Points: 
  • SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER CLASS ACTION, SETTLEMENT HEARING,
    All record holders and beneficial owners of Sculptor Capital Management, Inc. (“Sculptor”) common stock whose shares Rithm Capital Corp. (“Rithm”) acquired at the closing of the Merger.1
    PLEASE READ THIS SUMMARY NOTICE CAREFULLY.
  • YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.
  • The proposed Settlement, if approved, will resolve all claims in the Action and result in the dismissal of the Action with prejudice.
  • Eligible Class Members do not have to submit a claim form to receive a payment from the Settlement.

PacBio Grants Equity Incentive Award to New Employee

Retrieved on: 
Venerdì, Marzo 22, 2024
Employment, Pacific Ocean, Abraxis BioScience, Option, Effective date, Compensated emancipation, Effectiveness

The award was granted as an inducement material to such individual's entering into employment with PacBio in accordance with Nasdaq Marketplace Rule 5635(c)(4).

Key Points: 
  • The award was granted as an inducement material to such individual's entering into employment with PacBio in accordance with Nasdaq Marketplace Rule 5635(c)(4).
  • The Option has an exercise price of $3.67 per share, which is equal to the closing price of PacBio common stock on March 18, 2024 (the "Effective Date").
  • The Option and the RSUs are subject to the terms and conditions of the 2020 Inducement Plan and the applicable award agreements thereunder entered into by the employee.
  • Vesting of the shares subject to each of the Option and the RSUs is conditioned upon the employee's continued service through each applicable vesting date.

Labaton Keller Sucharow LLP and Entwistle & Cappucci LLP Announce Notice of Pendency of Stockholder Class Actions and Proposed Settlement for All Record and Beneficial Owners of Pattern Energy Group Inc. Common Stock as of March 16, 2020

Retrieved on: 
Lunedì, Marzo 18, 2024
Agreement, Justice Center, Goldman Sachs, Compromise, Mergers and acquisitions, CPP Investment Board, Federal court, Prejudice, Riverstone Holdings, Class, Episcopal conference, Eligibility, Court, Effective date, Federal, District court, Defendant, CLASS, Settlement, Net settlement, LP, Plaintiff, Notice, Judgement, Post office box, PEGI, Hearing

If you have not yet received the Notice, you may obtain a copy of the Notice by contacting the Settlement Administrator at Pattern Energy Group Inc.

Key Points: 
  • If you have not yet received the Notice, you may obtain a copy of the Notice by contacting the Settlement Administrator at Pattern Energy Group Inc.
  • Eligible Class Members do not have to submit a claim form to receive a payment from the Settlement.
  • Please do not contact the Court of Chancery or the Office of the Register in Chancery regarding this notice.
  • All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Settlement Administrator or Plaintiffs' Counsel.

Canoo Inc. Announces 1-for-23 Reverse Stock Split Effective March 8, 2024

Retrieved on: 
Mercoledì, Marzo 6, 2024
Transfer, 8-K, Special, Common stock, Sale, Exercise, Common, Form, CUSIP, Eastern Time Zone, Security (finance), Fraction, Trust, Effective date

Justin, TX, March 06, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV ), (“Canoo” or the “Company”), an advanced high-tech mobility company, announced today that it will effect a 1-for-23 reverse stock split of its common stock, par value $0.0001 per share (“Common Stock”), that will become effective on March 8, 2024, at 8:00 a.m., Eastern Time (“Effective Date”).

Key Points: 
  • Justin, TX, March 06, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV ), (“Canoo” or the “Company”), an advanced high-tech mobility company, announced today that it will effect a 1-for-23 reverse stock split of its common stock, par value $0.0001 per share (“Common Stock”), that will become effective on March 8, 2024, at 8:00 a.m., Eastern Time (“Effective Date”).
  • As a result of the reverse stock split, every 23 shares of the Company’s Common Stock will automatically be combined into one share of Common Stock.
  • As of the Effective Date, the number of shares of Common Stock available for issuance under the Company’s equity incentive plans and issuable pursuant to equity awards immediately prior to the reverse stock split will be proportionately adjusted by the reverse stock split.
  • Continental is acting as the exchange agent for the reverse stock split and will send stockholders a transaction statement indicating the number of shares of Common Stock stockholders hold after the reverse stock split.

Gabelli Utilities Fund Reaffirms $0.88 Distribution Policy and Announces Conversion of C1 Class

Retrieved on: 
Giovedì, Febbraio 29, 2024
Prospectus, Investment, Class, C1, Class C, Fund, Policy, OTCQX, GAMCO Investors, Effective date, Security (finance)

GREENWICH, Conn., Feb. 29, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees (the “Board”) of The Gabelli Utilities Fund (the “Fund”) reaffirmed the Fund’s annual distribution rate of $0.88 per share for Class I, Class A, Class AAA, and Class C shareholders.

Key Points: 
  • GREENWICH, Conn., Feb. 29, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees (the “Board”) of The Gabelli Utilities Fund (the “Fund”) reaffirmed the Fund’s annual distribution rate of $0.88 per share for Class I, Class A, Class AAA, and Class C shareholders.
  • If Class C1 shares are not redeemed prior to the Effective Date, each shareholder owning Class C1 shares of the Fund will own Class C shares of the Fund equal to the aggregate value of the shareholder’s Class C1 shares.
  • Therefore, shareholders of Class C1 shares who do not redeem their Class C1 shares, and instead have their Class C1 shares converted into Class C shares, will own a fewer number of shares (but with the same aggregate dollar value) after such conversion.
  • Since the per share distribution of the Class C1 shares and the Class C shares is the same, shareholders whose shares are converted to Class C will receive a lower total distribution amount as Class C shareholders even though the per share amount will remain unchanged.

VAALCO Energy, Inc. Announces Accretive All Cash Acquisition Expanding Its West African Footprint

Retrieved on: 
Giovedì, Febbraio 29, 2024
Canadian Natural Resources, Acquisition, CPR, International, CNRL, Stifel, Growth, Svenska Petroleum Exploration AB, Transaction, Evercore, ExxonMobil, Vaalco Energy, History, Water, Presentation, OML, LLP, Hand, G&A, Sales, Effective date, FPSO, Oil

Svenska’s primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa.

Key Points: 
  • Svenska’s primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa.
  • The gross consideration for the Acquisition is $66.5 million, subject to customary closing adjustments, with an effective date of October 1, 2023.
  • Closing of the Acquisition is expected in the second quarter of 2024, with ultimate timing dependent on final receipt of all necessary approvals.
  • VAALCO currently estimates that the net cash due at closing will be in the range of approximately $30 to $40 million, dependent on timing.