Debt | Jotup

Sensible Hot Dogs Announces Completion of Debt Settlement

Retrieved on:

Tuesday, December 19, 2023

Food, Beverage, Retail, Sensible, NEO, Share (finance), Debt settlement, HOTD, Minority, Debt, Multilateral, Bank

Sensible Hot Dogs (referred to as "Sensible") ( NEO: HOTD ), a pioneering plant-based hot dog company focused on revolutionising America's street food scene, announces that it has issued an aggregate of 732,000 common shares (each a “Share”) at a deemed price of $0.07 per Share to settle $51,240 in debt (the “Debt Settlement”) for past consulting and management services provided to the Company.

Key Points:

Sensible Hot Dogs (referred to as "Sensible") ( NEO: HOTD ), a pioneering plant-based hot dog company focused on revolutionising America's street food scene, announces that it has issued an aggregate of 732,000 common shares (each a “Share”) at a deemed price of $0.07 per Share to settle $51,240 in debt (the “Debt Settlement”) for past consulting and management services provided to the Company.
Christopher P. Cherry, a director of Sensible, received 128,571 Shares in the Debt Settlement.
As a result, the Debt Settlement is a is a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
The Shares issued in the Debt Settlement are subject to a mandatory 4 month hold period.

Spirit Blockchain Completes Debt Settlement and Shares for Services Transaction

Retrieved on:

Friday, November 10, 2023

Blockchain Capital, Indian stock exchange, Minority, CSE, Related party transaction, Bank statement, Debt settlement, NHS Shared Business Services, SPIR, Debt, Multilateral, Security (finance), Service, Share (finance)

Vancouver, British Columbia, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc. (CSE: SPIR) (the “Company” or “Spirit”) a leading digital asset investment firm‎, announces the following corporate updates:

Key Points:

Vancouver, British Columbia, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc. (CSE: SPIR) (the “Company” or “Spirit”) a leading digital asset investment firm‎, announces the following corporate updates:
The Company has settled outstanding indebtedness (the “Debt Settlement”) of the Company in the aggregate amount of ‎$36,500.00 (the “Debt”), pursuant to the terms of a debt settlement agreement with an arm’s length creditor (the “Creditor”).
In settlement of the Debt, the Company has issued $18,250.00 in cash and an aggregate of ‎456,250‎ common shares in the capital of the Company (the “Common Shares”) to the Creditor at a price of $0.04 per Common Share.
The Company has also issued an aggregate of ‎1,025,000‎ Common Shares at a price of $0.05 per Common Share to certain directors of the Company (the “Shares for Services”) .
The Shares for Services have been issued in lieu of cash payments for services rendered pursuant to consulting agreements whereby these individuals provided various management services to the Company.

Arizona Sonoran and Nuton LLC Announce Option to Joint Venture on Cactus Project in Arizona

Retrieved on:

Thursday, December 14, 2023

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.

Key Points:

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.
Nuton has indicated the potential to significantly increase copper cathode output from our current 45-50 ktpa target which could materially enhance project economics.
In the event that Nuton exercises the Option, the parties will either form a Delaware limited liability company or deem Cactus to be the joint venture company for the Cactus Project (the “Joint Venture Corporation”).
Rothschild acted as financial advisor, and Torys LLP and Dorsey & Whitney LLP acted as legal advisors, to Nuton.

Amtech Reports Fourth Quarter and Year End Fiscal 2023 Results

Retrieved on:

Thursday, December 14, 2023

Net revenues decreased 10% sequentially and 14% from the fourth quarter of fiscal 2022.

Key Points:

Net revenues decreased 10% sequentially and 14% from the fourth quarter of fiscal 2022.
GAAP net loss for the fourth quarter of fiscal 2023 was $12.0 million, or 85 cents per share.
Non-GAAP net loss for the fourth quarter of fiscal 2023 was $2.5 million, or 18 cents per share.
For the first fiscal quarter ending December 31, 2023, we expect revenues in the range of $21 - $24 million with EBITDA nominally negative.

Amtech Fourth Quarter Fiscal 2023 Business Update

Retrieved on:

Wednesday, December 13, 2023

Semiconductor, Business, Hardware, Professional Services, Technology, Webcast, EBITDA, Annual report, CMP, Lung compliance, Substrate, UMB Financial Corporation, Calendar, Debt, Judgement, System, Temperature, Cryptocurrency, Renminbi

When complete, the Company will issue a press release with its fourth quarter and full year fiscal 2023 financial results, as well as file its Annual Report on Form 10-K.

Key Points:

When complete, the Company will issue a press release with its fourth quarter and full year fiscal 2023 financial results, as well as file its Annual Report on Form 10-K.
“We experienced continued softness in demand across several of our end markets during the fourth quarter and have taken actions to reduce fixed costs and expenses.
Net revenues decreased 10% sequentially and 14% from the fourth quarter of fiscal 2022.
Unrestricted cash and cash equivalents at September 30, 2023, were $13.1 million dollars, compared to $14.3 million dollars at June 30, 2023.
For the first fiscal quarter ending December 31, 2023, we expect revenues in the range of $21 - $24 million with EBITDA nominally negative.

Fortune Minerals Announces Government Funding to Advance the NICO Critical Minerals Asset in Canada

Retrieved on:

Tuesday, December 5, 2023

Mining, Minerals, Natural Resources, Alberta Innovates, Local government in Canada, Gold, Copper, NICO, Research, Rio Tinto, Chartered Professional Accountant, Development, TSX, News, Government, Oil, Debt

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com ) is pleased to announce that it has secured government funding of up to $887,170 to support metallurgical test work for its 100% owned vertically integrated NICO cobalt-gold-bismuth-copper project in Canada (“NICO Project”).

Key Points:

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com ) is pleased to announce that it has secured government funding of up to $887,170 to support metallurgical test work for its 100% owned vertically integrated NICO cobalt-gold-bismuth-copper project in Canada (“NICO Project”).
The NICO Project is an advanced development stage Critical Minerals asset comprised of a planned open pit and underground mine and concentrator in the Northwest Territories and related hydrometallurgical refinery in Alberta (the “Alberta Refinery”).
The proposed Alberta Refinery would process concentrates from a future mine at the NICO Project and other sources to produce cobalt sulphate, gold doré, bismuth ingots and copper.
The Government of Canada has agreed to provide funding contributions of up to $714,500 against the costs of Fortune’s planned cobalt sulphate process pilot and other metallurgical test work through the Federal government’s Critical Minerals Research, Development and Demonstration Program.

Jeremy Edmiston to Lead Cushman & Wakefield’s U.S. Build-To-Rent/Single Family Sector

Retrieved on:

Tuesday, December 5, 2023

Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Debt, Multimedia, Capital market, Cushman & Wakefield, Creativity, Renewable energy

Cushman & Wakefield announced today that the real estate services firm has promoted Jeremy Edmiston to Executive Director, U.S. Lead Build-To-Rent/Single-Family Rent (BTR/SFR).

Key Points:

Cushman & Wakefield announced today that the real estate services firm has promoted Jeremy Edmiston to Executive Director, U.S. Lead Build-To-Rent/Single-Family Rent (BTR/SFR).
In this new role, he will collaborate with the firm’s Capital Markets and Debt teams to provide unified BTR/SFR end-to-end solutions for Cushman & Wakefield’s clients.
As the newly appointed U.S. lead, Edmiston will leverage his deep expertise, strong relationships and the Cushman & Wakefield brand to guide clients through the real estate lifecycle for their BTR/SFR assets.
Our scale, expertise, and creativity within the unified verticals will allow us to be a solid partner for this emerging sector.”

Tapestry, Inc. Announces Closing of Senior Unsecured Notes Offerings

Retrieved on:

Monday, November 27, 2023

Fashion, Online Retail, Retail, Luxury, Jewelry, Other Retail, USD, EBITDA, Hand, Debt, EUR, Capri Holdings, Acquisition, NYSE, EPS, Kate Spade, Security (finance), Tapestry, Coach

Tapestry, Inc. (NYSE: TPR) (the “Company”), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of its $4.5 billion USD senior unsecured notes and its €1.5 billion Euro-denominated senior unsecured notes offerings.

Key Points:

Tapestry, Inc. (NYSE: TPR) (the “Company”), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of its $4.5 billion USD senior unsecured notes and its €1.5 billion Euro-denominated senior unsecured notes offerings.
Tapestry, Inc.’s Chief Financial Officer and Chief Operating Officer, Scott Roe, said, “We are pleased to announce the completion of our financing transaction, highlighting Tapestry’s progress towards closing the previously announced acquisition of Capri Holdings Limited.
To this end, we raised $6.1 billion in senior notes, garnering high-quality fixed income investors globally, and securing an all-in debt interest rate, including Tapestry's existing debt, of 6.5%, in-line with our original expectations.
Summary of Offering and Tapestry, Inc. Debt Outstanding

Corporacion America Airports Reports Third Quarter 2023 Results

Retrieved on:

Wednesday, November 15, 2023

Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by total revenues.

Key Points:

Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by total revenues.
Adjusted EBITDA excluding Construction Service (“Adjusted EBITDA ex-IFRIC”) is defined as income for the period before construction services revenue and cost, financial income, financial loss, income tax expense, depreciation and amortization.
Percentage variations ex-IAS 29 figures compare results as presented in the prior year quarter before IAS 29 came into effect, against ex-IAS 29 results for this quarter as described above.
The impact from “Hyperinflation Accounting in Argentina” is described in more detail page 25 of this report.

Aramark Reports Fourth Quarter and Full Year Fiscal 2023 Results

Retrieved on:

Tuesday, November 14, 2023

Consistent with the typical quarterly cadence of the business, the fourth quarter generated a significant cash inflow.

Key Points:

Consistent with the typical quarterly cadence of the business, the fourth quarter generated a significant cash inflow.
Aramark completed the spin-off of its Uniform Services business—now called Vestis—on September 30, 2023, the first day of the Company's fiscal year 2024.
The strengthened results of the Uniform Services business in the fourth quarter reflected the strategic priorities outlined at the Vestis Analyst Day in September 2023.
In fiscal 2023, Annualized Net New Business for the Global FSS business was $582 million, representing 4.3% of its prior year revenue.