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Incannex Announces Intention to Redomicile to United States, List all Shares on Nasdaq

Retrieved on: 
Monday, July 10, 2023
Share, IHL, ADR, Biotechnology, Scheme, Federal court, Commonwealth of Australia (US securities entity), ASX, Research, Australian Securities Exchange, Bangladesh Securities and Exchange Commission, SID, Sale, ADR Institute of Alberta, OTC Bulletin Board, Employee share schemes in the United Kingdom, Acquisition, Capital, Federal Court of Australia, Confusion, Growth, Scheme of arrangement, FDA, American depositary receipt, ASIC, Security (finance), Management, Cryptocurrency, Financial services, Pharmaceutical industry, Holding company

MELBOURNE, Australia, July 10, 2023 (GLOBE NEWSWIRE) --  Incannex Healthcare Limited (NASDAQ: IXHL) (ASX: IHL), (Incannex, IHL or the Company) is pleased to announce its intention to redomicile from Australia to the United States via proposed schemes of arrangement (Schemes) between Incannex and its shareholders (Share Scheme) and Incannex and its optionholders (Option Scheme). Implementation of the Schemes is subject to approval of IHL's shareholders (in respect of the Share Scheme) and IHL's optionholders (in respect of the Option Scheme) and other regulatory and court approvals.

Key Points: 
  • Incannex has already achieved registration of its ordinary shares from the US Securities and Exchange Commission (SEC).
  • Since February 2022, Incannex’s ordinary shares, in the form of American Depository Receipts (ADRs), have been trading in the United States since gaining Nasdaq Global market listing status.
  • Pursuant to the Share Scheme:
    holders of fully paid ordinary shares in Incannex (Incannex Shares) will be entitled to receive one share of common stock in Incannex US (Incannex US Share) for every 100 Incannex Shares held on the record date for the Share Scheme; and
    holders of Incannex ADRs will be entitled to receive one Incannex US Share for every four ADRs (each ADR currently represents 25 Incannex Shares) held in Incannex on the Share Scheme record date.
  • Incannex has engaged Thomson Geer to assist in the implementation of the Schemes and Rimôn Law to assist in the Nasdaq listing of Incannex US.

Organigram Announces Completion of Share Consolidation

Retrieved on: 
Wednesday, July 5, 2023
Share, Toronto Stock Exchange, EDGAR, OGI, Consolidation, SEDAR, Indian stock exchange, TSX, CUSIP, DRS, Letter, Security (finance)

TORONTO, July 05, 2023 (GLOBE NEWSWIRE) -- Organigram Holdings Inc. (“Organigram” or the “Company”) (TSX: OGI; NASDAQ: OGI) announced today that, further to its earlier press releases, it has completed the proposed consolidation of the Company’s issued and outstanding common shares at a consolidation ratio of four (4) pre-consolidation common shares for every one (1) post-consolidation common share (the “Share Consolidation”).

Key Points: 
  • TORONTO, July 05, 2023 (GLOBE NEWSWIRE) -- Organigram Holdings Inc. (“Organigram” or the “Company”) (TSX: OGI; NASDAQ: OGI) announced today that, further to its earlier press releases, it has completed the proposed consolidation of the Company’s issued and outstanding common shares at a consolidation ratio of four (4) pre-consolidation common shares for every one (1) post-consolidation common share (the “Share Consolidation”).
  • As of the date hereof, and following the Share Consolidation, there are 80,498,692 common shares issued and outstanding.
  • No fractional common shares will be issued in connection with the Share Consolidation and no cash will be paid in lieu of fractional post-consolidation common shares.
  • Beneficial shareholders who hold their common shares through intermediaries and who have questions regarding how the Share Consolidation will be processed should contact their intermediaries with respect to the Share Consolidation.

Global POS Restaurant Management Systems Strategic Business Report 2023: Innovations in Restaurant Technology Spur Development of Next-generation Restaurant POS Systems

Retrieved on: 
Thursday, June 29, 2023
Momentum, Cloud, Return, Real, Share, Restaurant, Sales management, United States Consumer Price Index, Value, Business, POS Solutions, Commodity, Sharp, Expense, Pandemic, Growth, Convenience, Consumer, Volatility, Cryptocurrency, Video game, Blockchain, Food

Dining Out is More than Just Preference of Where Food is Consumed.

Key Points: 
  • Dining Out is More than Just Preference of Where Food is Consumed.
  • It's a Social Concept Which Interestingly Provides the Foundation for the Growth of the Restaurant Supply Chain
    Eating Out is a Trillion Dollar Business, a Business Fact that Brings Cheer to the POS Restaurant Management Systems Market: Global Restaurants & Mobile Food Services (In US$ Billion) for Years 2022, 2024 & 2026
    What's Ahead for Businesses & Markets?
  • Shaken by the War, Global Oil Prices Spiral & Feed Inflationary Pressures: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
    War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022: Global Inflation Rates (In %) for the Years 2019 Through 2022
    After the Pandemic, Global Economic Uncertainty Surges Amidst War, Inflation, Political Tensions & Supply Chain Disruptions Aggravated by China's Slowdown: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
    What is a POS System?
  • Here's Why

CTERA Powers Hitachi Vantara's Next-Generation File Cloud Solution, HCP Anywhere Enterprise

Retrieved on: 
Tuesday, June 27, 2023
Product management, Data management, Hitachi, WORM, Share, Enablement, Partnership, Senior, NAS, Policy, NFS, HCP, SMB, Social media, Computer data storage, Cryptocurrency

New York, NY, June 27, 2023 (GLOBE NEWSWIRE) -- CTERA , a leading provider of secure edge-to-cloud file services, today announced a strategic sourcing agreement with Hitachi Vantara where CTERA offerings will be sold under the Hitachi brand.

Key Points: 
  • New York, NY, June 27, 2023 (GLOBE NEWSWIRE) -- CTERA , a leading provider of secure edge-to-cloud file services, today announced a strategic sourcing agreement with Hitachi Vantara where CTERA offerings will be sold under the Hitachi brand.
  • The collaborative product will be marketed globally as Hitachi Content Platform Anywhere Enterprise (HCP Anywhere Enterprise) and will provide a fully integrated migration path for customers using legacy HCP Gateway, Hitachi Data Ingestor or other discrete network-attached storage (NAS) systems.
  • HCP Anywhere Enterprise will include the following features:
    Wide Use Case Coverage: Catering to a broad spectrum of needs, from primary and secondary edge-to-core-to-cloud file services, to machine-generated data workflows.
  • “In working with Hitachi Vantara, we are delivering best-in-class file services and comprehensive data management solutions," said Oded Nagel, CEO of CTERA.

WILDBRAIN SETTLES OUTSTANDING OBLIGATIONS UNDER EXCHANGEABLE DEBENTURES

Retrieved on: 
Monday, June 26, 2023
WildBrain, Exercise, Finance Secretary (India), TSX, Share, VWAP, Holder in due course, Security (finance), Issuer, Debenture

TORONTO, June 26, 2023 /PRNewswire/ - WildBrain Ltd. ("WildBrain" or the "Company") (TSX: WILD), a global leader in kids' and family entertainment, announced today that Wildbrain Holdings LLC (the "Issuer"), a wholly-owned subsidiary of the Company, has satisfied in full all of its obligations to repay the US$18.5 million principal amount in outstanding exchangeable secured debentures issued by the Issuer (the "Debentures").

Key Points: 
  • TORONTO, June 26, 2023 /PRNewswire/ - WildBrain Ltd. ("WildBrain" or the "Company") (TSX: WILD), a global leader in kids' and family entertainment, announced today that Wildbrain Holdings LLC (the "Issuer"), a wholly-owned subsidiary of the Company, has satisfied in full all of its obligations to repay the US$18.5 million principal amount in outstanding exchangeable secured debentures issued by the Issuer (the "Debentures").
  • The settlement occurred effective as of June 24, 2023, the maturity date of the Debentures (the "Maturity Date").
  • As a result, the Share Repayment Right applied only to accrued and unpaid interest on the Debentures of approximately US$3.8 million.
  • WildBrain issued a total of 19,977,227 variable voting shares to the Holders in satisfaction of all of the Company's obligations under the Debentures.

AirNet Announces Termination of Investment Agreement

Retrieved on: 
Monday, June 26, 2023
AirNet Express, Share, Communication, Termination, International investment agreement, Form, Form 6-K, Investment, Cryptocurrency

BEIJING, June 26, 2023 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that it has entered into a termination agreement (the "Termination Agreement") on June 21, 2023 with Unistar Group Holdings Ltd. ("Unistar Group"), Northern Shore Group Limited ("Northern Shore"), Mr. Herman Man Guo, chairman of the Company, and Mrs. Dan Shao, chief executive officer of the Company to terminate the investment agreement (the "Investment Agreement") entered into among the parties on April 6, 2022 and the transactions contemplated thereunder.

Key Points: 
  • BEIJING, June 26, 2023 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today announced that it has entered into a termination agreement (the "Termination Agreement") on June 21, 2023 with Unistar Group Holdings Ltd. ("Unistar Group"), Northern Shore Group Limited ("Northern Shore"), Mr. Herman Man Guo, chairman of the Company, and Mrs. Dan Shao, chief executive officer of the Company to terminate the investment agreement (the "Investment Agreement") entered into among the parties on April 6, 2022 and the transactions contemplated thereunder.
  • Pursuant to the Investment Agreement, the Company shall issue certain shares to Unistar Group and Northern Shore in exchange for the delivery and transfer of 5,000 ANTMINER S19 and 2,000 INNO A11 computer servers.
  • After deliberate communication, the parties have reached an agreement to terminate the Investment Agreement and the transactions contemplated thereunder.
  • Descriptions in this press release of the Termination Agreement, the terms and conditions thereof and the transactions contemplated thereunder are qualified in their entirety by reference to the Termination Agreement, a copy of which is attached as an exhibit to the Form 6-K furnished by the Company with the SEC on June 26, 2023 and incorporated herein by reference in its entirety.

EQS-News: Carbios announces the launch of a rights issue totalling around €122 million, likely to be increased to around €141 million if the extension clause is fully exercised

Retrieved on: 
Thursday, June 22, 2023
Acceleration, Exercise, Share, Plastic, Maintenance, Novozymes, Amendment, Euronext Growth, Partnership, Pittsburgh Food & Beverage Company, Bank statement, Equity carve-out, Polymer, PSR, PET, Cosmetics, Joint venture, Person, Prospectus, Clermont-Ferrand, Palais omnisports Marseille Grand-Est, Euronext, PEA, Advertising, Nature, ISIN, AMF, Growth, Ecosystem, Textile, Food, Pharmaceutical industry, Security (finance), Life insurance, Renewable energy, Management, Cryptocurrency, Carbios, EU, Indorama Ventures

Carbios announces the launch of a rights issue totalling around €122 million, likely to be increased to around €141 million if the extension clause is fully exercised

Key Points: 
  • Carbios announces the launch of a rights issue totalling around €122 million, likely to be increased to around €141 million if the extension clause is fully exercised
    The issuer is solely responsible for the content of this announcement.
  • Publication by Euronext of the notice relating to the Capital Increase announcing the listing of the pre-emptive subscription rights.
  • Day at the end of which persons registered on an accounting basis will be granted pre-emptive subscription rights.
  • Detachment of pre-emptive subscription rights and opening of the trading period for pre-emptive subscription rights on Euronext Growth.

Alterra Mountain Company Releases Its First Impact Report

Retrieved on: 
Wednesday, June 7, 2023
Environmental Health, Sports, DEI (Diversity, Equity and Inclusion), Sustainability, Skiing, Snowboarding, Environmental, Social and Governance (ESG), Climate Change, Environment, Vacation, Lodging, Destinations, Outdoors, Travel, Other Energy, Green Technology, Alternative Energy, Energy, Professional Services, Philanthropy, Foundation, Social responsibility, Alterra Mountain Company, Science, Share, Science Based Targets initiative, Partnership, Education, Disability, Community foundation, Alterra, GHG, Carbon, Equity, Native Americans, Organization, Community, Climate change, Electrification, Renewable energy, First Nations, DEI, Growth, Social, Employee resource group, Health, Benchmarking, Safety, Horse stance, Risk management, Management, Collaboration

Alterra Mountain Company reinforced its commitment to social responsibility, unveiling its first Impact Report .

Key Points: 
  • Alterra Mountain Company reinforced its commitment to social responsibility, unveiling its first Impact Report .
  • In addition, the company is implementing DEI actions based on auditing, surveying, and outreach to more than 20,000 employees.
  • “Alterra Mountain Company has dedicated tremendous effort to identify and set up essential sustainability and DEI goals designed to ensure our industry’s long-term health and growth,” said Karen Sanford, Alterra Mountain Company’s Chief Legal & Social Responsibility Officer.
  • The Forward Stance team has also expanded its philanthropic footprint through the creation of the Alterra Mountain Company Community Foundation .

Powerbridge Technologies Co., Ltd. Announces Share Consolidation

Retrieved on: 
Thursday, June 8, 2023
Share, Bangladesh Securities and Exchange Commission, Security (finance), LitPol Link

The Company undertook the Share Consolidation to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) related to the $1.00 per share minimum price bid requirement for continued listing on the Nasdaq Capital Market.

Key Points: 
  • The Company undertook the Share Consolidation to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) related to the $1.00 per share minimum price bid requirement for continued listing on the Nasdaq Capital Market.
  • As a result of the Share Consolidation, every thirty shares of the Company's issued and outstanding ordinary shares will be automatically consolidated into one new ordinary share.
  • The Share Consolidation will not modify any rights of the ordinary shares of the Company.
  • No fractional shares will be issued in connection with the Share Consolidation, all such fractional shares shall be redeemed in cash for the fair value of such fractional share, which is based on the closing price of the ordinary shares on a post-consolidation basis on the Nasdaq Capital Market on the first trading date of the ordinary shares following the Share Consolidation.

Reunion Neuroscience Announces US$13.1 Million Take-Private Transaction with MPM BioImpact

Retrieved on: 
Thursday, June 1, 2023
Psilocybin, PK, Ontario Superior Court of Justice, LLP, Share, BioImpacts, PI, Canada Business Corporations Act, Committee, Calendar, Morgan, Lewis & Bockius, Woman, Meeting, ASCP, Wilmer Cutler Pickering Hale and Dorr, Science, US, Bank, SEDAR, Annual general meeting, TSX, Oppenheimer, MPM, Society, Court, Pharmaceutical industry, Security (finance), Property management, Shareholder, Arrangement

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Reunion Neuroscience Inc. (NASDAQ: REUN, TSX: REUN) (“Reunion” or the "Company”), a clinical-stage biopharmaceutical company committed to developing innovative and patented therapeutic solutions for underserved mental health conditions, announced today that it has entered into a definitive arrangement agreement dated May 31, 2023 (the "Arrangement Agreement") with MPM BioImpact (“MPM”), a world-leading biotechnology investment firm, whereby affiliates of MPM would acquire Reunion in an all-cash transaction valued at approximately US$13.1 million by way of a statutory plan of arrangement under the Canada Business Corporations Act (the "Arrangement").

Key Points: 
  • “We believe that this all-cash transaction maximizes value and is in the best interest of our shareholders,” said Greg Mayes, Reunion President and CEO.
  • Upon completion of the transaction, Reunion will no longer be traded or listed on any public securities exchange and will be wholly-owned by affiliates of MPM.
  • McCarthy Tétrault LLP and Wilmer Cutler Pickering Hale and Dorr LLP are serving as legal advisors to MPM.
  • The adverse event profile of RE104 was similar to that of psilocybin, with no serious adverse events.