Stock market

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Sealed Air, Abeona, AZZ, and Under Armour and Encourages Investors to Contact the Firm

Retrieved on: 
Wednesday, November 27, 2019
Security, Stock market, Derivative

The Form 10-Q stated that Sealed Air had achieved $59.3 million in net earnings for the quarter.

Key Points: 
  • The Form 10-Q stated that Sealed Air had achieved $59.3 million in net earnings for the quarter.
  • Analysts widely viewed the SEC investigation as relating to the Companys tax treatment of the Settlement.
  • For more information on the Under Armour class action go to: https://bespc.com/underarmour
    About Bragar Eagel & Squire, P.C.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

OptimumBank Holdings, Inc. Announces Commencement of Exchange Offer for Trust Preferred Securities

Retrieved on: 
Wednesday, November 27, 2019
Financial markets, Finance, Financial economics, Stock market, Corporate finance, Equity securities, Trust-preferred security, Security, Preferred stock, Stock, Common stock, Form 144

Under the Exchange Offer, the Company will issue shares of its common stock, par value $0.01 per share (the Common Stock), for Trust Preferred Securities.

Key Points: 
  • Under the Exchange Offer, the Company will issue shares of its common stock, par value $0.01 per share (the Common Stock), for Trust Preferred Securities.
  • In the event that the number of Trust Preferred Securities that are validly tendered exceeds these limits, then the number of Trust Preferred Securities that may be accepted for exchange from each holder of the Trust Preferred Securities (the Holders) will be reduced on a pro rata basis.
  • Holders who tender and do not withdraw their Trust Preferred Securities in the Exchange Offer will not be entitled to any interest on such Trust Preferred Securities.
  • None of the Company, the trustee with respect to the Trust Preferred Securities, or any affiliate of any of them makes any recommendation as to whether eligible holders of the Trust Preferred Securities should exchange their Trust Preferred Securities for Common Stock in the Exchange Offer, and no one has been authorized by any of them to make such a recommendation.

Transaction in Own Shares

Retrieved on: 
Wednesday, November 27, 2019
Companies, Stock market, Buyback, Financial markets, Share repurchase, Buy-back program, Royal Dutch Shell

These share purchases form part of the sixth tranche of the Company's existing share buy-back programme previously announced on July 26, 2018.

Key Points: 
  • These share purchases form part of the sixth tranche of the Company's existing share buy-back programme previously announced on July 26, 2018.
  • The Company announced the sixth tranche of its share buyback programme on October 31, 2019.
  • Any such share purchases will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes and the Commission Delegated Regulation (EU) 2016/1052.
  • LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70

Rio Tinto Partners With Centre of Excellence to Grow Indigenous Participation in Minerals Development

Retrieved on: 
Wednesday, November 27, 2019
Mining, Minerals, Natural Resources, Rio Tinto, Laurentian University, Companies, Mining, Stock market

The Centre of Excellence for Indigenous Minerals Development today announced Rio Tinto will be a founding partner, supporting its work for Indigenous communities that want to understand how they can engage with and participate in minerals development.

Key Points: 
  • The Centre of Excellence for Indigenous Minerals Development today announced Rio Tinto will be a founding partner, supporting its work for Indigenous communities that want to understand how they can engage with and participate in minerals development.
  • The Centre has been founded through a partnership between Waubetek Business Development Corporation, Laurentian University, and the Government of Canada.
  • Seamus ORegan said The Centre of Excellence for Indigenous Minerals Development will create greater opportunities for Indigenous communities across Canada and in the United States.
  • The Centre of Excellence will extend beyond this to supporting Indigenous Mineral Development throughout Ontario and across North America.

Chairman Jason Wild Acquires Shares of TerrAscend

Retrieved on: 
Wednesday, November 27, 2019
Equity securities, Financial economics, Finance, Corporate finance, Money, Stock market, Options, Convertible security, Warrant, Share

NEW YORK, Nov. 27, 2019 /PRNewswire/ -On November 26, 2019 Jason Wild, Chairman of TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) ("TerrAscend") acquired for his own account 52,100 shares of TerrAscend at a price of Cdn$3.41 per share.

Key Points: 
  • NEW YORK, Nov. 27, 2019 /PRNewswire/ -On November 26, 2019 Jason Wild, Chairman of TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) ("TerrAscend") acquired for his own account 52,100 shares of TerrAscend at a price of Cdn$3.41 per share.
  • Mr. Wild purchased the shares for investment purposes.
  • Before the Transaction, JW exercised control or direction over: (a) 3,433,447 common shares of TerrAscend; (b) 63,657.890 PVS convertible into 63,657,890 common shares of TerrAscend; (c) 8,590,908 warrants to acquire 8,590.908 PVS (convertible into 8,590,908 common shares); and (d) 1,000,000 options to acquire 1,000,000 common shares of which 1/3 have vested as of the date hereof, representing approximately 6.4% of the issued and outstanding common shares of the TerrAscend.
  • As a result of the Transaction, Jason Wild and JW exercise control or direction over: (a) 3,485,547 common shares of TerrAscend; (b) 63,657.890 PVS convertible into 63,657,890 common shares of TerrAscend; (c) 8,590,908 warrants to acquire 8,590.908 PVS (convertible into 8,590,908 common shares); and (d) 1,000,000 options to acquire 1,000,000 common shares of which 1/3 have vested as of the date hereof, representing approximately 6.5% of the issued and outstanding common shares of the TerrAscend.

XYF LOSS ALERT: ROSEN, A GLOBAL LAW FIRM, Announces Investigation of Securities Claims Against X Financial – XYF

Retrieved on: 
Wednesday, November 27, 2019
Legal, Professional services, Financial markets, Finance, Corporate finance, Stock market, ADSS, American depositary receipt, Initial public offering, Security, Subprime mortgage crisis

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of securities of X Financial (NYSE: XYF) resulting from allegations that X Financial may have issued materially misleading business information to the investing public.

Key Points: 
  • Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of securities of X Financial (NYSE: XYF) resulting from allegations that X Financial may have issued materially misleading business information to the investing public.
  • In September 2018, X Financial completed its initial public offering (IPO), selling approximately 11.7 million American Depositary Shares (ADSs) at $9.50 per ADS.
  • On November 19, 2018, X Financial reported its financial results for its third quarter 2018 which ended only eleven days after the IPO.
  • Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by X Financial investors.

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of The RealReal, Inc. Investors

Retrieved on: 
Wednesday, November 27, 2019
Legal, Professional services, Financial economics, Financial markets, Finance, Corporate finance, Stock market, Equity securities, Initial public offering, Stock, Public offering

RealReal investors have until January 24, 2020 to file a lead plaintiff motion.

Key Points: 
  • RealReal investors have until January 24, 2020 to file a lead plaintiff motion.
  • If you are a shareholder who suffered a loss, click here to participate.
  • In June 2019, RealReal completed its initial public offering (IPO), selling 17.25 million shares at $20.00.
  • Since the IPO, RealReal stock has traded as low as $12.80 per share, a significant decline from the $20 IPO price.

Gustin Quon Launches GQ Seminars, Financial Advisor Event Marketing

Retrieved on: 
Wednesday, November 27, 2019
Economy, Finance, Money, Financial management, Investment management, Stock market, Wealth management, Quon, Marketing

WINNIPEG, Nov. 27, 2019 /PRNewswire/ - Winnipeg-based company Gustin Quon Inc. announces today that they have launched GQ Seminars, a new division of the company focused on providing live event marketing and the supportive marketing infrastructure for financial advisors, wealth management firms, and financial institutions.

Key Points: 
  • WINNIPEG, Nov. 27, 2019 /PRNewswire/ - Winnipeg-based company Gustin Quon Inc. announces today that they have launched GQ Seminars, a new division of the company focused on providing live event marketing and the supportive marketing infrastructure for financial advisors, wealth management firms, and financial institutions.
  • Gustin Quon has achieved significant market penetration in the seminar marketing industry, with new partnerships with several national-level institutions and prominent wealth management firms.
  • Financial advisor event marketing is now a core service offering of Gustin Quon Inc., with revenue now surpassing that of search engine optimization and other paid advertising services.
  • While Gustin Quon has seen steady growth as one of the largest and highest-rated SEO companies in Canada (via Clutch.co), they plan to dedicate an increasing amount of internal resources and focus towards the GQ Seminars division in 2020.

Zosano Announces Pricing of Registered Direct Offering

Retrieved on: 
Wednesday, November 27, 2019
Financial markets, U.S. Securities and Exchange Commission, SEC filings, Stock market, Finance, Financial economics, Initial public offering, Prospectus, Shelf registration, Registration statement, Security, Form S-1

Zosano intends to use the net proceeds from the offering to fund pre-approval commercialization activities, including submitting its NDA for Qtrypta (M207) for the treatment of migraine, and for general working capital and corporate purposes.

Key Points: 
  • Zosano intends to use the net proceeds from the offering to fund pre-approval commercialization activities, including submitting its NDA for Qtrypta (M207) for the treatment of migraine, and for general working capital and corporate purposes.
  • The securities described above are being offered pursuant to a shelf registration statement (File No.
  • 333-229686), which was declared effective by the U.S. Securities and Exchange Commission(SEC) onMarch 27, 2019.
  • When filed with the SEC, copies of the prospectus supplement and the accompanying base prospectus relating to this offering may be obtained at the SECs website at www.sec.gov .

Alpine Income Property Trust, Inc. Announces Closing of Initial Public Offering

Retrieved on: 
Wednesday, November 27, 2019
Financial economics, Finance, Initial public offering, Corporate finance, Stock market, Financial markets, Public offering, Underwriting, Offering, Stock, Greenshoe

DAYTONA BEACH, Fla., Nov. 27, 2019 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (the Company or PINE) announced today the closing of its initial public offering of 7,500,000 shares of common stock at an initial public offering price of $19.00 per share (the Offering).

Key Points: 
  • DAYTONA BEACH, Fla., Nov. 27, 2019 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (the Company or PINE) announced today the closing of its initial public offering of 7,500,000 shares of common stock at an initial public offering price of $19.00 per share (the Offering).
  • The Company has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.
  • The Company used approximately $125.9 million of the net proceeds of the Offering to acquire, from Consolidated-Tomoka Land Co., 15 of the 20 properties in the Companys initial portfolio.
  • Incorporated, B. Riley FBR, Inc. and BMO Capital Markets Corp. acted as the joint book-running managers for the Offering.