Equity securities

The Chefs’ Warehouse Announces Pricing of $50 Million of 1.875% Convertible Senior Notes Due 2024

Thursday, February 25, 2021 - 1:59am

The Convertible Notes issuance is a reopening of, and will be part of the same series as, the $150 million aggregate principal amount of 1.875% Convertible Senior Notes due 2024 (the Existing Notes) issued by the Company on November 22, 2019.

Key Points: 
  • The Convertible Notes issuance is a reopening of, and will be part of the same series as, the $150 million aggregate principal amount of 1.875% Convertible Senior Notes due 2024 (the Existing Notes) issued by the Company on November 22, 2019.
  • While the Convertible Notes will initially trade under a Rule 144A CUSIP number, once de-legended, the Convertible Notes will have the same CUSIP number and will be fully fungible with the Existing Notes.
  • The Convertible Notes will be convertible at the option of holders of the Convertible Notes into shares of the Companys common stock, together with cash in lieu of any fractional share.
  • The Convertible Notes will mature on December 1, 2024, unless earlier converted or repurchased in accordance with their terms.

LMP Announces $20 Million Private Placement of Series A Convertible Preferred Stock

Thursday, February 25, 2021 - 12:25am

LMP will issue and sell 20,100 shares of a newly created series of Series A Convertible Preferred Stock (the Preferred Stock) in a privately negotiated transaction exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the Securities Act), and the rules and regulations promulgated thereunder.

Key Points: 
  • LMP will issue and sell 20,100 shares of a newly created series of Series A Convertible Preferred Stock (the Preferred Stock) in a privately negotiated transaction exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the Securities Act), and the rules and regulations promulgated thereunder.
  • The Preferred Stock will be convertible into shares of LMPs common stock at an initial conversion price of $17.50 per share.
  • The Investors will also receive warrants (the Warrants) to purchase 861,429 shares of LMPs common stock at an exercise price of $21.00 per share.
  • You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date.

GTEC to Extend Expiry of $0.90 Warrants and Announces Earnings Release Date

Wednesday, February 24, 2021 - 10:17pm

The Warrants are exercisable at $0.90 for a period of 24 months from the date of issuance.

Key Points: 
  • The Warrants are exercisable at $0.90 for a period of 24 months from the date of issuance.
  • The Company intends to extend the expiry date of the Warrants to July 2, 2021, subject to approval of TSX Venture Exchange (the TSXV) and the execution of a supplemental indenture with TSX Trust company, the warrant agent for the Warrants.
  • If all Warrants are exercised, the Company would generate proceeds of approximately $10 million.
  • GTEC is a publicly traded corporation, listed on the TSX Venture Exchange (GTEC), OTCQB Venture Market (GGTTF) and Frankfurt Stock Exchange (1BUP).

Shoal Point Energy Announces Closing of Private Placement

Wednesday, February 24, 2021 - 9:32pm

Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Shoal Point Energy Ltd. (CSE: SHP) today announced the closing of the Company's previously announced (February 9, 2021) non-brokered Private Placement.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Shoal Point Energy Ltd. (CSE: SHP) today announced the closing of the Company's previously announced (February 9, 2021) non-brokered Private Placement.
  • Each unit, priced at $0.07 per Unit, consisted of one share and one share purchase warrant.
  • Each full warrant is exercisable at a strike price of $0.10 with an expiry on the third anniversary of the date of closing of the transaction.
  • A finders fee of $2,550 and 36,428 Agent Warrants were paid for a portion of the placement.

Artisan Partners Asset Management Inc. Announces Offering of Class A Common Stock

Wednesday, February 24, 2021 - 9:53pm

MILWAUKEE, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) (the Company or Artisan Partners) is announcing today that it has agreed to sell 963,614 shares of the Companys Class A common stock (representing approximately 1% of the firms outstanding equity) and a selling stockholder has agreed to sell 146,466 shares of the Companys Class A common stock in an underwritten public offering, for an aggregate offering size of 1,110,080 shares of the Companys Class A common stock.

Key Points: 
  • MILWAUKEE, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) (the Company or Artisan Partners) is announcing today that it has agreed to sell 963,614 shares of the Companys Class A common stock (representing approximately 1% of the firms outstanding equity) and a selling stockholder has agreed to sell 146,466 shares of the Companys Class A common stock in an underwritten public offering, for an aggregate offering size of 1,110,080 shares of the Companys Class A common stock.
  • The Company intends to use all of the net proceeds of the offering received by the Company to purchase 963,614 common units of Artisan Partners Holdings LP, the Companys direct subsidiary, from certain limited partners, including employee-partners, of Artisan Partners Holdings LP.
  • The completion of this transaction will increase the Companys public float of Class A common stock by 963,614 shares.
  • The Company will not receive any proceeds from the sale of shares of Class A common stock by the selling stockholder.

Talon Metals Announces $30 Million Bought Deal Public Offering

Wednesday, February 24, 2021 - 9:45pm

Each Unit will consist of one common share of Talon (a Common Share) and one-half of a share purchase warrant (a Warrant) of the Corporation.

Key Points: 
  • Each Unit will consist of one common share of Talon (a Common Share) and one-half of a share purchase warrant (a Warrant) of the Corporation.
  • Each whole Warrant will entitle the holder to acquire one Common Share at a price of $0.80 for a period of 12 months following closing of the Offering.
  • Talon has an earn-in to acquire up to 60% of the Tamarack Project.
  • For additional information on Talon, please visit the Companys website at www.talonmetals.com or contact:

Texas Capital Bancshares, Inc. Announces Pricing of $300 Million Series B Preferred Stock Offering

Wednesday, February 24, 2021 - 9:26pm

Texas Capital Bancshares, Inc. also has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 depositary shares from Texas Capital Bancshares, Inc.

Key Points: 
  • Texas Capital Bancshares, Inc. also has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 depositary shares from Texas Capital Bancshares, Inc.
    Texas Capital Bancshares, Inc. intends to use the net proceeds of the offering for general corporate purposes.
  • Texas Capital Bancshares, Inc. intends to also use a portion of the net proceeds from the offering, together with cash on hand, to redeem, in whole or in part and subject to receipt of all applicable regulatory approvals, its 6.50% non-cumulative perpetual preferred stock, series A (Series A Preferred Stock).
  • Texas Capital Bancshares, Inc. has applied to list the depositary shares on the Nasdaq Stock Market under the symbol TCBIO.
  • Statements of intent in this press release shall not constitute a notice of redemption of the Series A Preferred Stock.

Tastemaker Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing March 1, 2021

Wednesday, February 24, 2021 - 9:30pm

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.
  • The shares of ClassA common stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols TMKR and TMKRW, respectively.
  • Those units not separated will continue to trade on the Nasdaq Capital Market under the symbol TMKRU.
  • 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 shares of Class A common stock and warrants.

Stereotaxis Announces Long-Term CEO Performance Stock Award

Wednesday, February 24, 2021 - 9:05pm

The performance stock agreement is designed to retain Mr. Fischel for the long term and align his compensation with continued substantial shareholder returns.

Key Points: 
  • The performance stock agreement is designed to retain Mr. Fischel for the long term and align his compensation with continued substantial shareholder returns.
  • In place of competitive cash or long-term incentives typically consisting of stock or stock options, Mr. Fischel is granted, subject to shareholder approval, performance stock awards consisting of 10 tranches of stock that vest in 10 years only if Stereotaxis market cap appreciates substantially above its current value.
  • The new performance award was inspired by a similar compensation plan adopted by Tesla to retain and incentivize its CEO, Elon Musk.
  • Full details on the employment and performance stock agreements can be found in Stereotaxis 8-K filings with the SEC.

KRONOS WORLDWIDE, INC. ANNOUNCES QUARTERLY DIVIDEND

Wednesday, February 24, 2021 - 9:15pm

Kronos Worldwide, Inc. (NYSE: KRO) announced that its board of directors has declared a regular quarterly dividend of eighteen cents ($0.18) per share on its common stock, payable on March 18, 2021 to stockholders of record at the close of business on March 9, 2021.

Key Points: 
  • Kronos Worldwide, Inc. (NYSE: KRO) announced that its board of directors has declared a regular quarterly dividend of eighteen cents ($0.18) per share on its common stock, payable on March 18, 2021 to stockholders of record at the close of business on March 9, 2021.
  • Kronos Worldwide, Inc. is a major international producer of titanium dioxide products.