Financial markets

Shift Announces Exchange Offer and Consent Solicitation Relating to its Public Warrants

Thursday, November 26, 2020 - 12:17am

Tenders of Public Warrants must be made prior to the expiration of the Offer to Exchange and may be withdrawn at any time prior to the expiration of the Offer.

Key Points: 
  • Tenders of Public Warrants must be made prior to the expiration of the Offer to Exchange and may be withdrawn at any time prior to the expiration of the Offer.
  • The Offer and Consent Solicitation are being made pursuant to an Offer to Exchange, Definitive Proxy Statement and Schedule TO, each dated November 25, 2020, which more fully set forth the terms and conditions of the Offer and Consent Solicitation and have been filed with the Securities and Exchange Commission (the SEC).
  • As of November 25, 2020, Shift had 82,106,969 outstanding shares of Class A Common Stock, and 7,532,494 outstanding Public Warrants.
  • The solicitation of offers to exchange Public Warrants for shares of the Companys ClassA Common Stock will only be made pursuant to the Amended and Restated Offer to Exchange Letter.

Cisco to Host 2020 Annual Meeting of Shareholders

Wednesday, November 25, 2020 - 9:10pm

SAN JOSE, Calif., Nov. 25, 2020 /PRNewswire/ -- Cisco(NASDAQ: CSCO) will host its 2020 Virtual Annual Meeting of Shareholders onThursday, December 10, 2020, beginning at8:00 a.m. PST via audio webcast.

Key Points: 
  • SAN JOSE, Calif., Nov. 25, 2020 /PRNewswire/ -- Cisco(NASDAQ: CSCO) will host its 2020 Virtual Annual Meeting of Shareholders onThursday, December 10, 2020, beginning at8:00 a.m. PST via audio webcast.
  • Listen and Watch:A live audio webcast of the meeting with synchronized slides will be online.
  • Shareholders of record as of October 12, 2020 can vote and ask questions online during the meeting.
  • Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries.

HC2 Holdings Announces Closing of Rights Offering

Wednesday, November 25, 2020 - 10:00pm

NEW YORK, Nov. 25, 2020 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (HC2 or the Company) (NYSE: HCHC), a diversified holding company, announced today the closing of its successful rights offering, which expired at 5:00 p.m., New York City time, on November 20, 2020.

Key Points: 
  • NEW YORK, Nov. 25, 2020 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (HC2 or the Company) (NYSE: HCHC), a diversified holding company, announced today the closing of its successful rights offering, which expired at 5:00 p.m., New York City time, on November 20, 2020.
  • Concurrently with the closing of the rights offering, Lancer Capital converted all of its shares of preferred stock into 11,891,539 shares of common stock (the conversion).
  • After giving effect to the rights offering and the conversion, the Company will have 76,586,573 shares of common stock issued and outstanding.
  • HC2 expects to use the proceeds from the rights offering for general corporate purposes, including debt service and for working capital.

NextGen Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Redeemable Warrants Commencing November 27, 2020

Wednesday, November 25, 2020 - 9:19pm

No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

Key Points: 
  • No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
  • Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Companys transfer agent, in order to separate the units into Class A ordinary shares and redeemable warrants.
  • A registration statement relating to the securities has been declared effective by the SEC on October 6, 2020.
  • The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Rogers Sugar Inc. Declares Dividend to Shareholders

Wednesday, November 25, 2020 - 10:01pm

MONTREAL, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) announces that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to Shareholders of record on December 30, 2020, payable on or before January 21, 2021.

Key Points: 
  • MONTREAL, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) announces that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to Shareholders of record on December 30, 2020, payable on or before January 21, 2021.
  • This is an eligible dividend for income tax purposes.

Financial Institutions, Inc. Announces Quarterly Cash Dividend

Wednesday, November 25, 2020 - 9:05pm

WARSAW, N.Y., Nov. 25, 2020 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the Company), parent company of Five Star Bank, SDN Insurance Agency, LLC (SDN), Courier Capital, LLC (Courier Capital) and HNP Capital, LLC (HNP Capital), announced today that its Board of Directors has approved a quarterly cash dividend of $0.26 per outstanding common share.

Key Points: 
  • WARSAW, N.Y., Nov. 25, 2020 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the Company), parent company of Five Star Bank, SDN Insurance Agency, LLC (SDN), Courier Capital, LLC (Courier Capital) and HNP Capital, LLC (HNP Capital), announced today that its Board of Directors has approved a quarterly cash dividend of $0.26 per outstanding common share.
  • The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock.
  • Courier Capital and HNP Capital provide customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans.
  • Financial Institutions, Inc. and its subsidiaries employ approximately 630 individuals.The Companys stock is listed on the Nasdaq Global Select Market under the symbol FISI.Additional information is available at www.fiiwarsaw.com .

908 Devices Announces Filing Of Registration Statement For Proposed Initial Public Offering

Wednesday, November 25, 2020 - 9:42pm

908 Devices, a pioneer of purpose-built handheld and desktop mass spec devices for chemical and biomolecular analysis, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.

Key Points: 
  • 908 Devices, a pioneer of purpose-built handheld and desktop mass spec devices for chemical and biomolecular analysis, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.
  • The number of shares to be offered and the price range for the proposed offering have not yet been determined.
  • 908 Devices intends to list its common stock on NASDAQ under the symbol "MASS."
  • Cowen and SVB Leerink will act as lead book-running managers for the proposed offering.

Aimco and AIMCO Properties Announce Record Date and Distribution Date for Separation

Wednesday, November 25, 2020 - 9:30pm

No action is required by Aimco stockholders of record on December 5, 2020 to receive the distributed shares of AIR Class A common stock.

Key Points: 
  • No action is required by Aimco stockholders of record on December 5, 2020 to receive the distributed shares of AIR Class A common stock.
  • During this time, an Aimco stockholder will have the option of selling the right to receive shares of AIR Class A common stock in the separation while retaining shares of Aimco Class A common stock.
  • Stockholders of Aimco who hold Aimco Class A common stock on the record date for the REIT Distribution and do not sell those shares regular-way prior to the distribution date will receive a book-entry account statement reflecting their ownership of AIR Class A common stock or their brokerage account will be credited with AIR Class A common stock.
  • In addition, stockholders of Aimco will retain their shares of Aimco Class A common stock.

Apartment Investment and Management Company Sets Ratio for Reverse Stock Split

Wednesday, November 25, 2020 - 9:15pm

Apartment Investment and Management Company (Aimco) (NYSE: AIV) today announced that a committee of its Board of Directors has established 1-for-1.23821 as the ratio for the previously-announced reverse stock split of its outstanding shares of common stock.

Key Points: 
  • Apartment Investment and Management Company (Aimco) (NYSE: AIV) today announced that a committee of its Board of Directors has established 1-for-1.23821 as the ratio for the previously-announced reverse stock split of its outstanding shares of common stock.
  • Aimco's common stock has been assigned a new CUSIP number of 03748R747 in connection with the reverse stock split.
  • No fractional shares will be issued in connection with the reverse stock split.
  • The Company has retained its transfer agent, Computershare, Inc. ("Computershare"), to act as its exchange agent for the reverse stock split.

Global Dividend Growth Split Corp. Announces Successful Overnight Offering

Wednesday, November 25, 2020 - 8:50pm

TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) -- (TSX: GDV, GDV.PR.A) Global Dividend Growth Split Corp. (the Company) is pleased to announce a successful overnight treasury offering of class A shares and preferred shares (the Class A Shares and Preferred Shares, respectively).

Key Points: 
  • TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) -- (TSX: GDV, GDV.PR.A) Global Dividend Growth Split Corp. (the Company) is pleased to announce a successful overnight treasury offering of class A shares and preferred shares (the Class A Shares and Preferred Shares, respectively).
  • The offering is expected to close on or about December 2, 2020 and is subject to certain closing conditions.
  • The Company invests in a diversified portfolio (the Portfolio) of equity securities of large capitalization global dividend growth companies selected by the Brompton Funds Limited (the Manager), the manager of the Company.
  • Global Dividend Growth Split Corp.