Repurchase agreement

Novo Integrated Sciences’ Board of Directors Conducting Strategic Review to Increase Maximum Amount under Stock Repurchase Program

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금요일, 5월 31, 2024
General Health, Other Health, Health, Health Technology, Telemedicine, Virtual Medicine, Repurchase agreement, Credit, Acquisition

As previously reported, the Board of Directors (the “Board”) of Novo Integrated Sciences, Inc. (NASDAQ: NVOS) (the “Company” or “Novo”) approved the repurchase of up to $5 million of the Company’s outstanding common stock from time to time in the open market at prevailing market prices or in privately negotiated transactions (the “Stock Repurchase Program”).

Key Points: 
  • As previously reported, the Board of Directors (the “Board”) of Novo Integrated Sciences, Inc. (NASDAQ: NVOS) (the “Company” or “Novo”) approved the repurchase of up to $5 million of the Company’s outstanding common stock from time to time in the open market at prevailing market prices or in privately negotiated transactions (the “Stock Repurchase Program”).
  • The Company today announced that the Board is conducting a strategic review to determine whether it is appropriate to increase the maximum amount that can be repurchased pursuant to the Stock Repurchase Program based on the amount, if any, of excess funds that may be generated from the recently disclosed program to monetize a Standby Letter of Credit intended to complete the Ophir Collection acquisition.
  • Pending receipt of funds from the unsecured 15-year $70,000,000 promissory note with RC Consulting Consortium Group, LLC in favor of SCP Tourbillion Monaco for a lump sum debt funding of $57,000,000, less fees and expenses, the amount and timing of any shares repurchased under the Stock Repurchase Program will be determined at the discretion of management and will depend on a number of factors, including the market price of the Company's stock, trading volume, general market and economic conditions, the Company's capital position, legal requirements, and other factors.
  • The Stock Repurchase Program does not obligate the Company to acquire any particular number of shares, and the Stock Repurchase Program may be discontinued at any time at the Company's discretion.

iQIYI, Inc. Announces Repurchase Right Notification for 4.00% Convertible Senior Notes due 2026

Retrieved on: 
화요일, 5월 28, 2024
Debt-to-GDP ratio, Mechanics, PARTIES, NOTES, FICC, CUSIP, IQIYI, Exercise, Trustee, Repurchase agreement, Depository Trust Company, Citibank, Note, Attention, Security (finance)

The Repurchase Right entitles each holder of the Notes to require the Company to repurchase all of such holder's Notes, or any portion thereof that is an integral multiple of US$1,000 principal amount.

Key Points: 
  • The Repurchase Right entitles each holder of the Notes to require the Company to repurchase all of such holder's Notes, or any portion thereof that is an integral multiple of US$1,000 principal amount.
  • If all outstanding Notes are surrendered for repurchase through exercise of the Repurchase Right, the aggregate cash purchase price will be approximately US$397,628,991.
  • In order to exercise the Repurchase Right, a holder must follow the transmittal procedures set forth in the Company’s Repurchase Right Notice to holders (the “Repurchase Right Notice”), which is available through the Depository Trust Company and Citibank, N.A.
  • Holders of Notes may request the Company’s Repurchase Right Notice from the paying agent, at Citibank, N.A.

DoubleVerify Announces $150 Million Share Repurchase Program

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목요일, 5월 16, 2024
Data Management, Publishing, Technology, Public Relations, Investor Relations, Audio, Video, Marketing, Advertising, Communications, Professional Services, Artificial Intelligence, Media, Software, Digital Marketing, Data Analytics, Internet, DV, Repurchase agreement, Hand

DoubleVerify Holdings, Inc. (“DV”) (NYSE: DV), one of the leading software platforms for digital media measurement, data and analytics, today announced that its Board of Directors has authorized the repurchase of up to $150 million of DV’s outstanding common stock (the “Repurchase Program”).

Key Points: 
  • DoubleVerify Holdings, Inc. (“DV”) (NYSE: DV), one of the leading software platforms for digital media measurement, data and analytics, today announced that its Board of Directors has authorized the repurchase of up to $150 million of DV’s outstanding common stock (the “Repurchase Program”).
  • Under the Repurchase Program, DV may repurchase for cash from time to time shares of its common stock through open market purchases pursuant to Rule 10b-18 and/or Rule 10b5-1 plans, in compliance with applicable securities laws and other legal requirements.
  • The Repurchase Program does not obligate DV to repurchase any specific number of shares, has no time limit, and may be modified, suspended, or discontinued at any time at the company’s discretion.
  • DV currently expects to fund the Repurchase Program from existing cash on hand and future cash flows.

YETI Reports First Quarter 2024 Results

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목요일, 5월 9, 2024
Outdoors, Home Goods, Sports, Retail, Specialty, Goldman Sachs, Investment, Capital, ASR, Growth, Capital expenditure, Share repurchase, EPS, Marketing, GAAP, Repurchase agreement, Equipment, Video game

YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its financial results for the first quarter ended March 30, 2024.

Key Points: 
  • YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its financial results for the first quarter ended March 30, 2024.
  • YETI reports its financial performance in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as adjusted on a non-GAAP basis.
  • During the first quarter of 2024, we made mandatory debt payments of $1.1 million.
  • A conference call to discuss the first quarter of 2024 financial results is scheduled for today, May 9, 2024, at 8:00 a.m. Eastern Time.

Steel Partners Holdings Reports First Quarter Financial Results

Retrieved on: 
수요일, 5월 8, 2024
Professional Services, Finance, Supply, Investment, Partnership, Steel Connect, Capital expenditure, Tax, Service provider, SPLP, CRT, General partnership, Financial services, Adjustment, Building material, Supply chain, Repurchase agreement, Energy, Life insurance

This increase was due to $42,030 from the favorable impact of consolidation of the Supply Chain segment and $17,174, or 18.5% higher revenue from the Financial Services segment.

Key Points: 
  • This increase was due to $42,030 from the favorable impact of consolidation of the Supply Chain segment and $17,174, or 18.5% higher revenue from the Financial Services segment.
  • The increase was primarily due to higher expenses from the Financial Services segment of $11,700 and the impact of the consolidation of the Supply Chain segment of $10,000.
  • Interest expense decreased $4,592, or 76.7% for the three months ended March 31, 2024, as compared to the same period last year.
  • As of March 31, 2024, total debt was $92,809, a decrease of approximately $98,562, as compared to December 31, 2023.

OpenText Reports Q3 F'24 Financial Results

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목요일, 5월 2, 2024
Cloud, Table, Social, Government, DJSI, TSX, Unitary state, Dow Jones, MSCI, Financial statement, Information management, MAN Energy Solutions, Toronto Stock Exchange, Tax, Tyson Foods, Rocket Software, ESG, BAE Systems, Environment, Standard, Metso, Share repurchase, Bank statement, Akamai Technologies, AMC, Merck, Repurchase agreement, CE, OpenText, Bank

Please see Note 2 "Use of Non-GAAP Financial Measures" to the condensed consolidated financial statements below.

Key Points: 
  • Please see Note 2 "Use of Non-GAAP Financial Measures" to the condensed consolidated financial statements below.
  • Note: Individual line items in tables may be adjusted by non-material amounts to enable totals to align to published financial statements.
  • OpenText believes strongly in returning value to its shareholders and intends to maintain its dividend program.
  • All common shares purchased by OpenText pursuant to the Repurchase Plan will be cancelled.

JOYY Inc. Announces Repurchase Right Notification for 1.375% Convertible Senior Notes due 2026

Retrieved on: 
금요일, 4월 12, 2024
Debt-to-GDP ratio, YY, Trust, Depository Trust Company, Exercise, Citibank, PARTIES, CUSIP, Attention, FICC, Repurchase agreement, Note

The Repurchase Right entitles each holder of the 2026 Notes to require the Company to repurchase for cash on June 15, 2024 (the “Repurchase Date”), all of such holder’s 2026 Notes, or any portion thereof that is an integral multiple of US$1,000 principal amount, at a repurchase price that is equal to 100% of the principal amount of the 2026 Notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the Repurchase Date, subject to the terms and conditions of the Indenture and the 2026 Notes.

Key Points: 
  • The Repurchase Right entitles each holder of the 2026 Notes to require the Company to repurchase for cash on June 15, 2024 (the “Repurchase Date”), all of such holder’s 2026 Notes, or any portion thereof that is an integral multiple of US$1,000 principal amount, at a repurchase price that is equal to 100% of the principal amount of the 2026 Notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the Repurchase Date, subject to the terms and conditions of the Indenture and the 2026 Notes.
  • The Repurchase Date is an interest payment date under the terms of the Indenture and the 2026 Notes.
  • If all outstanding 2026 Notes are surrendered for repurchase through exercise of the Repurchase Right, the aggregate cash repurchase price will be US$406,038,000.
  • The offer to purchase the 2026 Notes will be only pursuant to, and the 2026 Notes may be tendered only in accordance with, the Company’s Repurchase Right Notice dated April 12, 2024 and related documents.

BrightSpire Capital, Inc. Announces First Quarter 2024 Financial Results

Retrieved on: 
수요일, 5월 1, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Supplement, Internet, Phase 10, Security (finance), Shareholder, ID, Telephone, GAAP, Repurchase agreement, Car rental

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the first quarter 2024 and certain updates.

Key Points: 
  • BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the first quarter 2024 and certain updates.
  • A First Quarter 2024 Supplemental Financial Report is available on the Shareholders – Events and Presentations section of the Company’s website at www.brightspire.com .
  • A reconciliation to net income/(loss) attributable to BrightSpire Capital common stockholders, the most directly comparable GAAP measure, is included in our full detailed First Quarter 2024 Supplemental Financial Report and is available on our website at www.brightspire.com .
  • The Company will conduct a conference call to discuss the financial results on May 1, 2024 at 10:00 a.m.

Marti Announces Amendment to up to $2.5M Share Repurchase Program

Retrieved on: 
목요일, 4월 25, 2024
Data Management, EV, Electric Vehicles, Automotive, Technology, IOT (Internet of Things), Apps, Applications, Software, Alternative Vehicles, Fuels, Motorcycles, Mobile, Wireless, Fleet Management, Share repurchase, MRT, Repurchase agreement, Security (finance)

Türkiye’s leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced an amendment to its share repurchase program.

Key Points: 
  • Türkiye’s leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced an amendment to its share repurchase program.
  • In addition, the Board set a ceiling price of $3.30 per share for the share repurchases, giving the Company the ability to perform share repurchases up to a maximum share price of $3.30.
  • The amended repurchase program is effective immediately and is valid until October 9, 2024 (the “Repurchase Program”).
  • The Board may periodically review the Company’s Repurchase Program and decide to extend its terms or increase the authorized amount.

Li Auto Inc. Announces Put Right Notification for 0.25% Convertible Senior Notes due 2028

Retrieved on: 
수요일, 3월 27, 2024
Put, FICC, Telephone, Exercise, CUSIP, Note, Depository Trust Company, Debt-to-GDP ratio, Repurchase agreement, Security (finance)

BEIJING, March 27, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it is notifying holders of its 0.25% Convertible Senior Notes due 2028 (CUSIP No.

Key Points: 
  • BEIJING, March 27, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it is notifying holders of its 0.25% Convertible Senior Notes due 2028 (CUSIP No.
  • The Put Right expires at 5:00 p.m., New York City time, on Monday, April 29, 2024.
  • The 2024 Repurchase Date is an interest payment date under the terms of the Indenture and the Notes.
  • Holders of Notes may request the Company’s Put Right Notice from the paying agent, Deutsche Bank Trust Company Americas.