Financial markets

Aimco Provides Additional Tax Information Related to 2020 Property Sales and Spin-Off

Wednesday, September 23, 2020 - 2:12am

Aimco is under no obligation to update any amounts other than its required tax reporting obligations.

Key Points: 
  • Aimco is under no obligation to update any amounts other than its required tax reporting obligations.
  • The actual tax consequences of the transactions described above depend on specific situations and on factors that are not within our control.
  • Aimco is one of the country's largest owners and operators of apartments, with 125 communities in 17 states and the District of Columbia.
  • Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV and are included in the S&P 500.

Bentley Systems Announces Pricing of Initial Public Offering

Wednesday, September 23, 2020 - 1:45am

Bentley Systems, Incorporated (Bentley) today announced the pricing of the initial public offering of 10,750,000 shares of its Class B common stock at a price to the public of $22.00 per share.

Key Points: 
  • Bentley Systems, Incorporated (Bentley) today announced the pricing of the initial public offering of 10,750,000 shares of its Class B common stock at a price to the public of $22.00 per share.
  • The shares of Class B common stock to be sold in the offering are being sold by existing stockholders of Bentley.
  • The offering is expected to close on September 25, 2020, subject to customary closing conditions.
  • A registration statement on Form S-1 relating to the offering has been filed with, and declared effective by, the SEC.

Gran Tierra Energy Inc. Announces Operational Update Highlighted by Resumption of Production at Several Fields

Wednesday, September 23, 2020 - 12:51am

About Gran Tierra Energy Inc.

Key Points: 
  • About Gran Tierra Energy Inc.
    Gran Tierra Energy Inc. together with its subsidiaries is an independent international energy company focused on oil and natural gas exploration and production in Colombia and Ecuador.
  • Gran Tierras common shares trade on the NYSE American, Toronto Stock Exchange and London Stock Exchange under the ticker symbol GTE.
  • Information on the Company's website does not constitute a part of this press release.
  • The use of the words expect, plan, can, will, should, guidance, forecast, signal, measures taken to and believes, derivations thereof and similar terms identify forward-looking statements.

KBRA Releases Day One Recap of Virtual Structured Finance Conference

Wednesday, September 23, 2020 - 12:40am

Kroll Bond Rating Agency (KBRA) releases a Day One recap of its Structured Finance Virtual Conference: Credit & Covid-19: Is the Worst Behind Us?

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a Day One recap of its Structured Finance Virtual Conference: Credit & Covid-19: Is the Worst Behind Us?
  • Panelists at the conference, which attracted over 900 registrants, discussed the current state of play across the ABS Consumer segment, CMBS, RMBS, and Aircraft ABS.
  • Interested in attending the KBRA Structured Finance Virtual Conference?
  • KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Spring Bank Pharmaceuticals, Inc.

Tuesday, September 22, 2020 - 11:34pm

WeissLaw is investigating whether SBPH's board satisfied its fiduciary duties to its shareholders by conducting a fair and diligent process, agreeing to an equity split that provides fair value to SBPH shareholders, and whether all information regarding the process leading to the proposed transaction and valuation of the deal is fully and fairly disclosed to SBPH's shareholders.

Key Points: 
  • WeissLaw is investigating whether SBPH's board satisfied its fiduciary duties to its shareholders by conducting a fair and diligent process, agreeing to an equity split that provides fair value to SBPH shareholders, and whether all information regarding the process leading to the proposed transaction and valuation of the deal is fully and fairly disclosed to SBPH's shareholders.
  • WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.
  • We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.
  • If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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NanoVibronix Announces $1.5 Million Bought Deal Offering

Tuesday, September 22, 2020 - 11:11pm

The closing of the offering is expected to occur on or about September 25, 2020, subject to satisfaction of customary closing conditions.

Key Points: 
  • The closing of the offering is expected to occur on or about September 25, 2020, subject to satisfaction of customary closing conditions.
  • H.C. Wainwright& Co. is acting as the sole book-running manager for the offering.
  • The Company also has granted to the underwriter a 30-day option to purchase up to an additional 225,000 shares of common stock at the public offering price, less underwriting discounts and commissions.
  • The gross proceeds to NanoVibronix, before deducting underwriting discounts and commissions and offering expenses and assuming no exercise of the underwriter's option to purchase additional common stock, are expected to be approximately $1.5 million.

ArcLight Clean Transition Corp. Announces Pricing of $250 Million Initial Public Offering

Tuesday, September 22, 2020 - 11:15pm

Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant.

Key Points: 
  • Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant.
  • Citigroup Global Markets Inc. and Barclays Capital Inc. are serving as joint book-running managers for the offering.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the anticipated use of the net proceeds.

Laird Superfood Announces Pricing of Initial Public Offering

Tuesday, September 22, 2020 - 11:53pm

Laird Superfood, Inc. (Laird Superfood) today announced the pricing of its initial public offering of 2,650,000 shares of its common stock at a price of $22.00 per share.

Key Points: 
  • Laird Superfood, Inc. (Laird Superfood) today announced the pricing of its initial public offering of 2,650,000 shares of its common stock at a price of $22.00 per share.
  • Laird Superfood has granted the underwriters a 30-day option to purchase up to an additional 397,500 shares of its common stock to cover over allotments, if any, at the initial public offering price, less underwriting discounts and commissions.
  • Canaccord Genuity and Craig-Hallum Capital Group are acting as the joint book-running managers for the offering.
  • Laird Superfood, Inc. creates award-winning, plant-based superfood products that are both delicious and functional.

Freddie Mac Prices $968 Million Multifamily K-Deal, K-F85

Tuesday, September 22, 2020 - 10:05pm

Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.

Key Points: 
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

KBRA Releases Research – Climate Change: A Man-Made Catastrophe

Tuesday, September 22, 2020 - 10:30pm

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Key Points: 
  • KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA).
  • Kroll Bond Rating Agency Europe is located at 6-8 College Green, Dublin 2, Ireland.