Common stock

Molten Ventures Plc: Transaction in Own Shares

Retrieved on:

Monday, September 16, 2024

Central bank, Venture, Financial Conduct Authority, GRW, Treasury, Common stock, Share repurchase, Security (finance)

Molten Ventures plc (LSE: GROW, Euronext Growth: GRW) announces that on Friday, 13 September 2024 Numis Securities Limited (trading as “Deutsche Numis”), purchased on behalf of the Company ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") as set out in the table below, pursuant to the share repurchase programme announced on 26 July 2024.

Key Points:

Molten Ventures plc (LSE: GROW, Euronext Growth: GRW) announces that on Friday, 13 September 2024 Numis Securities Limited (trading as “Deutsche Numis”), purchased on behalf of the Company ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") as set out in the table below, pursuant to the share repurchase programme announced on 26 July 2024.
Highest price paid per ordinary share:
Lowest price paid per ordinary share:
Volume weighted average price paid per ordinary share:
Following this purchase, the Company's issued share capital consists of 189,046,450 Ordinary Shares, the total number of Ordinary Shares in treasury is 2,389,688 and the total number of voting rights in the Company is 186,656,762.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Deutsche Numis on behalf of the Company.
Number of Ordinary Shares purchased: 14,553

Politan Comments on Masimo’s Latest Attempt to Block a Fair Shareholder Vote

Retrieved on:

Sunday, September 15, 2024

Professional Services, Finance, Security (finance), Person, Masimo, Common stock, Court, Annual general meeting, ANY, Common, MASI, ARE, Contempt, INC, Record, WALL

Notably, Masimo has still not even made the Court’s orders readily accessible for shareholders and instead has issued multiple misleading press releases.

Key Points:

Notably, Masimo has still not even made the Court’s orders readily accessible for shareholders and instead has issued multiple misleading press releases.
Politan does not make any representations regarding the accuracy, completeness or timeliness of such third party statements or information.
The participants in the proxy solicitation are Politan, Politan Capital Management GP LLC (“Politan Management”), Politan Capital Partners GP LLC (“Politan GP”), Politan Capital NY LLC (the “Record Stockholder”), Politan Intermediate Ltd., Politan Capital Partners Master Fund LP (“Politan Master Fund”), Politan Capital Partners LP (“Politan LP”), Politan Capital Offshore Partners LP (“Politan Offshore” and, collectively with Politan Master Fund and Politan LP, the “Politan Funds”), Quentin Koffey, Matthew Hall, Aaron Kapito (all of the foregoing persons, collectively, the “Politan Parties”), William Jellison and Darlene Solomon (such individuals, collectively with the Politan Parties, the “Participants”).
As the general partner of Politan, Politan Management may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) all of the Politan Group Shares and, therefore, Politan Management may be deemed to be the beneficial owner of all of the Politan Group Shares.

Galaxy Payroll Group Limited Announces Closing of $7 Million Initial Public Offering

Retrieved on:

Friday, September 13, 2024

Prospectus, Common stock, Offering, Sale, Form, Security (finance)

Hong Kong, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Galaxy Payroll Group Limited (the “Company” or “GLXG”), a reputable payroll outsourcing service, employment service and consultancy and market research service provider based in Hong Kong, today announced the closing of its initial public offering (the "Offering") of 1,750,000 ordinary shares (the "Ordinary Shares") at an initial public offering price of $4.00 per share for total gross proceeds of $7,000,000, before deducting underwriting discounts and other offering expenses.

Key Points:

Hong Kong, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Galaxy Payroll Group Limited (the “Company” or “GLXG”), a reputable payroll outsourcing service, employment service and consultancy and market research service provider based in Hong Kong, today announced the closing of its initial public offering (the "Offering") of 1,750,000 ordinary shares (the "Ordinary Shares") at an initial public offering price of $4.00 per share for total gross proceeds of $7,000,000, before deducting underwriting discounts and other offering expenses.
The Offering closed on September 13, 2024, and the Ordinary Shares began trading on Nasdaq Capital Market on September 12, 2024, under the ticker symbol "GLXG".
Lafferty & Co., Inc., acted as the sole underwriter (the “Underwriter”) for the Offering.
Pryor Cashman LLP acted as U.S. counsel to the Company, and VCL Law LLP acted as U.S. counsel to the Underwriter in connection with the Offering.

Politan Issues Statement From Legal Advisors Schulte Roth & Zabel and Munger, Tolles & Olson Regarding Masimo Proxy Contest

Retrieved on:

Friday, September 13, 2024

Professional Services, Finance, Person, Annual general meeting, Common, INC, Prejudice, Security (finance), Common stock, MASI, ARE, Record, Court, ANY, Comment, Motion, WALL, Masimo, Schulte Roth & Zabel

If you have any questions, require assistance in voting your

Key Points:

If you have any questions, require assistance in voting your
WHITE universal proxy card or voting instruction form,
or need additional copies of Politan’s proxy materials,
please contact D.F.
Politan does not make any representations regarding the accuracy, completeness or timeliness of such third party statements or information.
The participants in the proxy solicitation are Politan, Politan Capital Management GP LLC (“Politan Management”), Politan Capital Partners GP LLC (“Politan GP”), Politan Capital NY LLC (the “Record Stockholder”), Politan Intermediate Ltd., Politan Capital Partners Master Fund LP (“Politan Master Fund”), Politan Capital Partners LP (“Politan LP”), Politan Capital Offshore Partners LP (“Politan Offshore” and, collectively with Politan Master Fund and Politan LP, the “Politan Funds”), Quentin Koffey, Matthew Hall, Aaron Kapito (all of the foregoing persons, collectively, the “Politan Parties”), William Jellison and Darlene Solomon (such individuals, collectively with the Politan Parties, the “Participants”).
THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS ARE ALSO AVAILABLE ON THE SEC WEBSITE, FREE OF CHARGE, OR BY DIRECTING A REQUEST TO THE PARTICIPANTS’ PROXY SOLICITOR, D.F.

Mullen Automotive Inc. Announces Reverse Stock Split Effective Sept. 17, 2024

Retrieved on:

Friday, September 13, 2024

Transfer, Book, Common stock, Trust, Common, CUSIP, Reverse stock split, IBN, Shareholder, Security (finance)

BREA, Calif., Sept. 13, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that it will effect a 1-for-100 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.001 per share (“Common Stock”), that will become effective on Sept. 17, 2024, at 12:01 a.m. Eastern Time.

Key Points:

BREA, Calif., Sept. 13, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that it will effect a 1-for-100 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.001 per share (“Common Stock”), that will become effective on Sept. 17, 2024, at 12:01 a.m. Eastern Time.
The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P505.
The 1-for-100 Reverse Stock Split will automatically combine and convert 100 current shares of the Company’s Common Stock into one issued and outstanding share of Common Stock.
The Reverse Stock Split will not change the par value of the Common Stock nor the authorized number of shares of Common Stock, preferred stock or any series of preferred stock.

Politan Comments on Judge’s Decision to Deny Masimo’s Request for a Preliminary Injunction

Retrieved on:

Thursday, September 12, 2024

Politan produced more than 17,500 documents and more than 97,500 pages of materials in response to the Company’s aggressive discovery requests.

Key Points:

Politan produced more than 17,500 documents and more than 97,500 pages of materials in response to the Company’s aggressive discovery requests.
The participants in the proxy solicitation are Politan, Politan Capital Management GP LLC (“Politan Management”), Politan Capital Partners GP LLC (“Politan GP”), Politan Capital NY LLC (the “Record Stockholder”), Politan Intermediate Ltd., Politan Capital Partners Master Fund LP (“Politan Master Fund”), Politan Capital Partners LP (“Politan LP”), Politan Capital Offshore Partners LP (“Politan Offshore” and, collectively with Politan Master Fund and Politan LP, the “Politan Funds”), Quentin Koffey, Matthew Hall, Aaron Kapito (all of the foregoing persons, collectively, the “Politan Parties”), William Jellison and Darlene Solomon (such individuals, collectively with the Politan Parties, the “Participants”).
1 Declaration of David F. Larcker in Support of Politan’s Opposition to Masimo’s Motion for Preliminary Injunction.
3 Declaration of Najeeb Ali of Centerview Partners in Support of Politan’s Opposition to Masimo’s Motion for Preliminary Injunction.

Dynex Capital, Inc. Declares Common and Preferred Stock Dividends

Retrieved on:

Thursday, September 12, 2024

REIT, Finance, Professional Services, Asset Management, Construction & Property, Common stock, Capital, DX, Common

Dynex Capital, Inc. announced today that the Company’s Board of Directors has declared a cash dividend of $0.13 per share on its Common Stock (NYSE: DX) for September 2024 and the quarterly cash dividend of $0.43125 per share of its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for the third quarter of 2024.

Key Points:

Dynex Capital, Inc. announced today that the Company’s Board of Directors has declared a cash dividend of $0.13 per share on its Common Stock (NYSE: DX) for September 2024 and the quarterly cash dividend of $0.43125 per share of its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for the third quarter of 2024.
The Common dividend is payable on October 1, 2024, to shareholders of record as of September 23, 2024.
The Preferred dividend is payable on October 15, 2024, to shareholders of record as of October 1, 2024.

Oruka Therapeutics Announces $200 Million Private Placement

Retrieved on:

Thursday, September 12, 2024

Janus, Psoriasis, PIPE, Research, Security (finance), Therapy, Jefferies, Common stock, Exercise, Common, Biotechnology, Sale, SVB Securities, Investment, Paradigm

Following the transaction, there will be approximately 55.1 million shares of the Company’s Common Stock and Common Stock equivalents issued and outstanding, including shares of Common Stock underlying pre-funded warrants and Series A and Series B non-voting convertible preferred stock.

Key Points:

Following the transaction, there will be approximately 55.1 million shares of the Company’s Common Stock and Common Stock equivalents issued and outstanding, including shares of Common Stock underlying pre-funded warrants and Series A and Series B non-voting convertible preferred stock.
The PIPE financing is expected to close on or about September 13, 2024, subject to satisfaction of customary closing conditions.
The Company expects that its cash will fund its operating plan through 2027.
Jefferies, TD Cowen, Leerink Partners, Stifel, and LifeSci Capital are acting as joint placement agents for the PIPE financing.

Inseego Continues Debt Reduction and Capital Structure Improvements

Retrieved on:

Wednesday, September 11, 2024

Technology, Mobile, Wireless, Telecommunications, 5G, Networks, Internet, Security agreement, LP, Loan, Convertible, Common stock, Senior, Tavistock Group, Luigi, Security (finance)

Inseego Corp. (Nasdaq: INSG) (the “Company” or “Inseego”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, is continuing to improve its capital structure and reduce its total debt.

Key Points:

Inseego Corp. (Nasdaq: INSG) (the “Company” or “Inseego”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, is continuing to improve its capital structure and reduce its total debt.
“We’re executing on our commitment to reduce our total debt and improve our capital structure,” said Inseego Chief Financial Officer, Steven Gatoff.
“The business is generating strong cash flow and with the improved liquidity, we’re glad to be able to pay down total debt.
As a result of these repayments, the amount outstanding under the Loan Agreement has been reduced to $10 million.

Solaris Completes Acquisition of Mobile Energy Rentals and Renames to “Solaris Energy Infrastructure”

Retrieved on:

Wednesday, September 11, 2024

Other Energy, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Machinery, SOI, Common stock, MER, Growth, Acquisition

Solaris Energy Infrastructure, Inc. (NYSE:SEI) (f/k/a Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)) (“Solaris” or the “Company”) announced today the completion of its acquisition of Mobile Energy Rentals LLC (“MER”).

Key Points:

Solaris Energy Infrastructure, Inc. (NYSE:SEI) (f/k/a Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)) (“Solaris” or the “Company”) announced today the completion of its acquisition of Mobile Energy Rentals LLC (“MER”).
After finalizing the new revolving credit facility, the Company expects to be undrawn on the facility.
These new credit agreements replace the $300 million secured bridge term loan facility secured at the time of the transaction announcement.
We are excited to combine our complementary skill sets and differentiated technologies under the new ‘Solaris Energy Infrastructure’ name,” Bill Zartler, Chairman and Chief Executive Officer of Solaris, commented.