CFIUS

Mustang Bio Reports Third Quarter 2023 Financial Results and Recent Corporate Highlights

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Martedì, Novembre 14, 2023
Sale, Associate, Translation, Research, Safety, Foreign investment, Food, Transaction, WM, First grade, CRS, IND, Disease, Glioblastoma, Risk, Waldenström macroglobulinemia, Clinical trial, GBM, Patient, CD19, Nature, FDA, Follicular lymphoma, University of Washington, Chronic lymphocytic leukemia, File, Mustang, Diagnosis, University, Mustang Bio, Cancer, Society, CFIUS, Letter, DSM-IV codes, Lymphoma, AACR, Cytokine release syndrome, Indolent lymphoma, Pharmaceutical industry, Cryptocurrency, Video game

WORCESTER, Mass., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Mustang Bio, Inc. (“Mustang”) (Nasdaq: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for difficult-to-treat cancers and rare genetic diseases, today announced financial results and recent corporate highlights for the third quarter that ended September 30, 2023.

Key Points: 
  • WORCESTER, Mass., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Mustang Bio, Inc. (“Mustang”) (Nasdaq: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for difficult-to-treat cancers and rare genetic diseases, today announced financial results and recent corporate highlights for the third quarter that ended September 30, 2023.
  • Subsequent to the end of the third quarter, Mustang raised approximately $4.4 million of gross proceeds in a registered direct offering completed in October 2023.
  • Research and development expenses were $9.5 million for the third quarter of 2023, compared to $15.5 million for the third quarter of 2022.
  • General and administrative expenses were $2.1 million for the third quarter of 2023, compared to $3.4 million for the third quarter of 2022.

Renesas Extends Tender Offer and Receives UK NSIA Clearance for Proposed Acquisition of Sequans

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Lunedì, Novembre 6, 2023
BNY Mellon, United Kingdom, Electronics, Bank, NYSE, Investment, Goliath transmitter, State, Acquisition, Cabinet, Bangladesh Securities and Exchange Commission, American depositary receipt, NSIA, TSE, ADS, National Security and Investment Act 2021, Letter, CFIUS, Security (finance), Cryptocurrency, Renesas Electronics

Shareholders to Receive U.S. $0.7575 per Ordinary Share and U.S. $3.03 per ADS in cash

Key Points: 
  • The tender offer, which was previously scheduled to expire at one minute after 11:59 P.M., New York City time, on November 6, 2023, has been extended until one minute after 11:59 P.M., New York City time, on November 21, 2023, unless the tender offer is further extended or earlier terminated.
  • The tender offer was extended to allow additional time for the satisfaction of the remaining closing conditions of the tender offer, including, but not limited to, regulatory approvals (other than the NSIA approval and the previously announced CFIUS approval) and the valid tender of ordinary shares and ADSs of Sequans representing - together with ordinary shares and ADSs of Sequans beneficially owned by Renesas, if any - at least 90% of the fully diluted ordinary shares of Sequans.
  • The Bank of New York Mellon, the Tender Agent for the tender offer, has advised Renesas that as of 6 p.m., New York City time, on November 3, 2023, approximately 98,807,609 ordinary shares of Sequans (including ordinary shares represented by ADSs), representing approximately 35.2% of the fully diluted ordinary shares of Sequans, have been validly tendered and not properly withdrawn pursuant to the tender offer.
  • Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to this extension.

Cegeka and CTG Announce Extension of Tender Offer for All Outstanding Shares of CTG

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Venerdì, Novembre 3, 2023
Competition Authority, Computershare, Eastern Time Zone, Computer Task Group, Tender, Tripura Merger Agreement, Money transmitter, Telephone, Acquisition, Bangladesh Securities and Exchange Commission, CSSF, Plan, CTG, Letter, Sub, CFIUS, Agreement, Finance, Competition, Security (finance), Incorporated, Parent, Cegeka

Computershare Trust Company, N.A., the depositary for the Offer, has indicated that as of 5:00 p.m., Eastern Time, on November 2, 2023, approximately 8,653,044 Shares had been validly tendered into and not validly withdrawn from the Offer, representing approximately 56.9021% of the outstanding Shares.

Key Points: 
  • Computershare Trust Company, N.A., the depositary for the Offer, has indicated that as of 5:00 p.m., Eastern Time, on November 2, 2023, approximately 8,653,044 Shares had been validly tendered into and not validly withdrawn from the Offer, representing approximately 56.9021% of the outstanding Shares.
  • Shareholders that have previously tendered their Shares do not need to re-tender their Shares or take any other action in response to this extension.
  • The Offer was extended to allow additional time for the satisfaction of the Regulatory Condition and the other conditions described in the Offer to Purchase.
  • Requests for documents and questions regarding the Offer may be directed to Georgeson by telephone at 1-866-431-2096.

Renesas Extends Tender Offer for Proposed Acquisition of Sequans

Retrieved on: 
Venerdì, Ottobre 20, 2023
BNY Mellon, Electronics, Bank, NYSE, Goliath transmitter, Bangladesh Securities and Exchange Commission, American depositary receipt, TSE, ADS, Letter, CFIUS, Security (finance), Cryptocurrency, Renesas Electronics

Shareholders to Receive U.S. $0.7575 per Ordinary Share and U.S. $3.03 per ADS in cash

Key Points: 
  • Tokyo, Japan and Paris, France--(Newsfile Corp. - October 20, 2023) - Renesas Electronics Corporation (TSE: 6723) ("Renesas") and Sequans Communications S.A. (NYSE: SQNS) ("Sequans") today announced that Renesas has extended the expiration date of its tender offer to acquire all of the outstanding ordinary shares of Sequans for $0.7575 per ordinary share and American Depositary Shares ("ADSs") of Sequans for $3.03 per ADS (each ADS representing four ordinary shares) in cash, without interest and less any applicable withholding taxes.
  • The tender offer, which was previously scheduled to expire at one minute after 11:59 P.M., New York City time, on October 23, 2023, has been extended until one minute after 11:59 P.M., New York City time, on November 6, 2023, unless the tender offer is further extended or earlier terminated.
  • The tender offer was extended to allow additional time for the satisfaction of the remaining closing conditions of the tender offer, including, but not limited to, regulatory approvals (other than the CFIUS approval) and the valid tender of ordinary shares and ADSs of Sequans representing - together with ordinary shares and ADSs of Sequans beneficially owned by Renesas, if any - at least 90% of the fully diluted ordinary shares of Sequans.
  • The Bank of New York Mellon, the Tender Agent for the tender offer, has advised Renesas that as of 6 p.m., New York City time, on October 19, 2023, approximately 50,724,714 ordinary shares of Sequans (including ordinary shares represented by ADSs), representing approximately 18.09% of the fully diluted ordinary shares of Sequans, have been validly tendered and not properly withdrawn pursuant to the tender offer.

Borqs Technologies Shortlists Buyers for the Second Round of Due Diligence & Negotiations for the Divestment of Holu Hou Energy LLC

Retrieved on: 
Venerdì, Ottobre 6, 2023
CFIUS, Share repurchase, Internet of things, Growth, HHE, Cryptocurrency

As previously announced, the Company was mandated by CFIUS to divest its ownership in the solar energy storage subsidiary, HHE, due to national security concerns.

Key Points: 
  • As previously announced, the Company was mandated by CFIUS to divest its ownership in the solar energy storage subsidiary, HHE, due to national security concerns.
  • Subsequently, Cantor Fitzgerald & Co., a nationally reputable investment firm, was engaged by the Company to initiate and manage the sales process of the Company’s ownership in HHE and has received considerable interest from potential buyers.
  • The said transaction is on track to be finalized by the end of the year.
  • “Proceeds from the divestment will be used for the growth of our business, making strategic M&A, and we will also consider a share buyback program and/or a special dividend payout in order to enhance our shareholder value,” said Mr. Pat Chan, CEO of Borqs Technologies.

Renesas Extends Tender Offer and Receives CFIUS Clearance for Proposed Acquisition of Sequans

Retrieved on: 
Giovedì, Ottobre 5, 2023
CFIUS, NYSE, Acquisition, Foreign investment, Committee on Foreign Investment in the United States, TSE, Bangladesh Securities and Exchange Commission, ADS, Goliath transmitter, BNY Mellon, Committee, Letter, American depositary receipt, Bank, Electronics, Security (finance), Cryptocurrency, Renesas Electronics

Shareholders to Receive U.S. $0.7575 per Ordinary Share and U.S. $3.03 per ADS in cash

Key Points: 
  • The tender offer, which was previously scheduled to expire at one minute after 11:59 P.M., New York City time, on October 6, 2023, has been extended until one minute after 11:59 P.M., New York City time, on October 23, 2023, unless the tender offer is further extended or earlier terminated.
  • The tender offer was extended to allow additional time for the satisfaction of the closing conditions of the tender offer, including, the valid tender of ordinary shares and ADSs of Sequans representing - together with ordinary shares and ADSs of Sequans beneficially owned by Renesas, if any - at least 90% of the fully diluted ordinary shares of Sequans, as well as confirmation of tax treatment from relevant authorities, regulatory approvals (other than the CFIUS approval which has been obtained) and other customary closing conditions.
  • The Bank of New York Mellon, the Tender Agent for the tender offer, has advised Renesas that as of 6 P.M., New York City time, on October 4, 2023, approximately 15,647,106 ordinary shares of Sequans (including ordinary shares represented by ADSs), representing approximately 6.67% of the fully diluted ordinary shares of Sequans, have been validly tendered and not properly withdrawn pursuant to the tender offer.
  • Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to this extension.

Triton International and Brookfield Infrastructure Announce Receipt of All Required Regulatory Approvals for Proposed Acquisition and Election Deadline

Retrieved on: 
Martedì, Settembre 19, 2023
Plan, Final, Tripura Merger Agreement, Proxy, Brookfield Infrastructure Partners, Bangladesh Securities and Exchange Commission, Committee, BIP, CFIUS, Acquisition, NEWS, TSX, Triton International, Foreign investment, Election, NYSE, Committee on Foreign Investment in the United States, Security (finance), Triton

Registered Triton Shareholders that hold all of their Triton Shares in electronic, book-entry form may also make their elections prior to the Election Deadline by logging on to https://triton.computersharecas.com .

Key Points: 
  • Registered Triton Shareholders that hold all of their Triton Shares in electronic, book-entry form may also make their elections prior to the Election Deadline by logging on to https://triton.computersharecas.com .
  • Beneficial owners of Triton Shares who hold their Triton Shares through a bank, broker or other nominee may be subject to an earlier election deadline.
  • Pursuant to the Merger Agreement, Triton and Brookfield Infrastructure have the right to extend the Election Deadline, in which case they will promptly announce any such rescheduled Election Deadline.
  • Triton Shareholders are urged to consult their tax advisors for a full understanding of the tax consequences of exchanging Triton Shares for the Mixed Election Consideration, Cash Election Consideration and/or Stock Election Consideration.

Triton International and Brookfield Infrastructure Announce Receipt of All Required Regulatory Approvals for Proposed Acquisition and Election Deadline

Retrieved on: 
Martedì, Settembre 19, 2023
Other Transport, Manufacturing, Other Manufacturing, Logistics, Supply Chain Management, Transport, Plan, Final, Tripura Merger Agreement, Proxy, Brookfield Infrastructure Partners, Bangladesh Securities and Exchange Commission, Committee, BIP, CFIUS, Acquisition, TSX, Triton International, Foreign investment, Election, NYSE, Committee on Foreign Investment in the United States, Security (finance), Triton

Registered Triton Shareholders that hold all of their Triton Shares in electronic, book-entry form may also make their elections prior to the Election Deadline by logging on to https://triton.computersharecas.com .

Key Points: 
  • Registered Triton Shareholders that hold all of their Triton Shares in electronic, book-entry form may also make their elections prior to the Election Deadline by logging on to https://triton.computersharecas.com .
  • Beneficial owners of Triton Shares who hold their Triton Shares through a bank, broker or other nominee may be subject to an earlier election deadline.
  • Pursuant to the Merger Agreement, Triton and Brookfield Infrastructure have the right to extend the Election Deadline, in which case they will promptly announce any such rescheduled Election Deadline.
  • Triton Shareholders are urged to consult their tax advisors for a full understanding of the tax consequences of exchanging Triton Shares for the Mixed Election Consideration, Cash Election Consideration and/or Stock Election Consideration.

Gravitas Education Holdings Inc. Announces Special Cash Dividend in the Range of US$11.256 to US$12.17 per American Depositary Share and Reports Status of Merger

Retrieved on: 
Giovedì, Settembre 21, 2023
Online, Date, Tripura Merger Agreement, ADS, NetDragon Websoft, Cayman Islands, HKEX, The Company, CFIUS, Annex, Completion, NYSE, Holding company, Closing, PRC, Mergers and acquisitions

The aggregate amount of cash dividends to be paid ranges from US$16 million to US$17.3 million, which will be funded by cash on the Company's balance sheet.

Key Points: 
  • The aggregate amount of cash dividends to be paid ranges from US$16 million to US$17.3 million, which will be funded by cash on the Company's balance sheet.
  • The payment of the special dividend is conditional upon the Closing (as defined below), and the exact amount of such special dividend is to be determined and separately announced.
  • ADSs will trade with an entitlement to the cash dividend until the ex-dividend date is established by the New York Stock Exchange ("NYSE").
  • The said press release will be issued at least 10 days prior to the Record Date in compliance with applicable listing rules.

Borqs Technologies, Inc. featured in an updated research report by WallStreet Research™ with a “Speculative Buy” Rating

Retrieved on: 
Lunedì, Settembre 11, 2023
Research report, Wall, Internet of things, Sale, Committee, HHE, CFIUS, AI, Foreign investment, Committee on Foreign Investment in the United States, Cryptocurrency, Borqs

SANTA CLARA, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”) has just been awarded a “Speculative Buy” rating in the latest research report from WallStreet Research™.

Key Points: 
  • SANTA CLARA, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”) has just been awarded a “Speculative Buy” rating in the latest research report from WallStreet Research™.
  • The Company is a global leader in embedded software and products for the Internet of Things (IoT) industry.
  • WallStreet Research™ addresses the valuation of Borqs from a combination of its core-business and the expected divestiture of HHE.
  • The report is available at: https://wallstreetresearch.org/reports/BORQS-Sept-2023.pdf
    The WallStreet Research™ Report includes the following highlights:
    The Company reported over $52.5 million in gross revenues for the year ended December 31, 2022 and had over $11.3 million in cash as of that date.