Stock dilution

Advanced Energy Announces Pricing of Offering of $500 Million of 2.50% Convertible Senior Notes

Retrieved on: 
Friday, September 8, 2023
Engineering, Semiconductor, Technology, Manufacturing, Other Technology, Telecommunications, Hardware, Exercise, SEC Rule 144A, Debt-to-GDP ratio, Stock dilution, Education minister, Observation, Growth, Share repurchase, Advanced Energy, Energy industry, Person, Sale, Security (finance)

The offering of the notes and the convertible hedge and warrant transactions described below are expected to close on September 12, 2023, subject to customary closing conditions.

Key Points: 
  • The offering of the notes and the convertible hedge and warrant transactions described below are expected to close on September 12, 2023, subject to customary closing conditions.
  • Advanced Energy expects the net proceeds from the offering of the notes to be approximately $487.9 million ($561.2 million if the initial purchasers exercise their option to purchase the additional notes in full) after deducting the initial purchasers’ discounts and after deducting offering expenses payable by Advanced Energy.
  • In connection with this offering, Advanced Energy repurchased approximately $40.0 million of its common stock, representing 378,286 shares of its common stock from purchasers of the notes in this offering.
  • In connection with the pricing of the notes, Advanced Energy has entered into privately negotiated convertible note hedge transactions with the option counterparties.

Concerned Stockholders of Forte Biosciences and Its Independent Director Candidates Share Key Facts that Reinforce the Need for Urgent Change in the Company’s Boardroom

Retrieved on: 
Wednesday, September 6, 2023
Professional Services, Finance, CARD, IPO, Drug development, Partner, Biotechnology, Stock dilution, Annual Meetings of the International Monetary Fund and the World Bank Group, Record, Atopic dermatitis, McIntyre, ANY, Annual general meeting, ATG, INFO, Camac, Private placement, Holding company, Private investigator, Management, Tobacco, Security (finance), Bank, Pharmaceutical industry, Vaccine, Shareholder, Forte, DRS

Today, the Group and its independent director candidates – Michael Hacke and Chris McIntyre – responded to misrepresentations and distortions included in the Company’s recent presentation.

Key Points: 
  • Today, the Group and its independent director candidates – Michael Hacke and Chris McIntyre – responded to misrepresentations and distortions included in the Company’s recent presentation.
  • Our Group has repeatedly made clear that there needs to be accountability in the boardroom and is not demanding liquidation.
  • Our independent director candidates – Messrs. Hacke and McIntyre – are open to exploring all options to improving Forte’s performance, strategy and governance.
  • VOTE “FOR” THE CONCERNED STOCKHOLDERS’ HIGHLY QUALIFIED NOMINEES ON THE WHITE PROXY CARD AHEAD OF FORTE’S ANNUAL MEETING ON SEPTEMBER 19, 2023.

Advanced Energy Announces Proposed Offering of $500 Million Convertible Senior Notes

Retrieved on: 
Wednesday, September 6, 2023
Semiconductor, Hardware, Consumer Electronics, Technology, Telecommunications, Exercise, Form 10-Q, Share repurchase, SEC Rule 144A, Debt-to-GDP ratio, Stock dilution, Energy industry, Person, Cyprus Securities and Exchange Commission, Sale, Engineering, Observation, Growth, Security (finance), Advanced Energy, Convertible, Education minister

Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, announced today that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of Convertible Senior Notes due 2028 (the “notes”) in a private offering.

Key Points: 
  • Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, announced today that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of Convertible Senior Notes due 2028 (the “notes”) in a private offering.
  • Advanced Energy also expects to grant to the initial purchasers of the notes an option to purchase, up to an additional $75 million aggregate principal amount of the notes.
  • The initial conversion rate and other terms of the notes will be determined by negotiations between Advanced Energy and the initial purchasers of the notes.
  • In connection with the pricing of the notes, Advanced Energy expects to enter into privately negotiated convertible note hedge transactions with the option counterparties.

Campbell Reports Fourth-Quarter Fiscal 2023 Results; Provides Full-Year Fiscal 2024 Guidance

Retrieved on: 
Thursday, August 31, 2023
Food, Beverage, Manufacturing, Other Manufacturing, Retail, Supermarket, Emerald, Stock dilution, Advertising, EPS, Growth, Capital expenditure, Snack, EBIT, Acquisition, Share repurchase, Drink, Marketing, Pharmaceutical industry, Insurance, Recycling, Security (finance), Meal

Excluding items impacting comparability, adjusted gross profit increased to $632 million from $622 million.

Key Points: 
  • Excluding items impacting comparability, adjusted gross profit increased to $632 million from $622 million.
  • Following a strong fiscal 2023, Campbell's full-year fiscal 2024 guidance reflects continued momentum against its strategic plan.
  • The pending acquisition of Sovos Brands is currently expected to close by the end of December 2023 and is not included in Campbell's current fiscal 2024 outlook.
  • The full-year fiscal 2024 guidance is set forth in the table below:

Concerned Stockholders of Forte Biosciences File Definitive Proxy Statement and Send Letter to Stockholders

Retrieved on: 
Friday, August 25, 2023
Asset Management, Professional Services, Finance, Morgan Stanley, Partnership, PATH, Private, Barclays, Stock dilution, Clinical trial, NUALS Arts and Literary Annual Meet, INDEPENDENT, DRS, Macquarie Infrastructure Corporation, Atopic dermatitis, MS, MDR, Investment, Research fellow, McIntyre, Annual general meeting, Credit, Camac, Research, System, BCS, LP, WHO, NYSE, Security (finance), Management, Holding company, Cryptocurrency, Financial services, Forte

As of market close on May 24, 2023 (the day before Camac’s preliminary proxy statement was filed with the SEC).

Key Points: 
  • As of market close on May 24, 2023 (the day before Camac’s preliminary proxy statement was filed with the SEC).
  • Despite Forte peddling FB-102 as demonstrating potentially “best in class activity,” the reality is that the compound is still in preclinical indication.
  • Ahead of this year’s Annual Meeting, we want to ensure you have all the facts regarding this Board’s track record.
  • We look forward to being in touch in the coming weeks with more information about our highly qualified director candidates and their vision for Forte.

Allego N.V. Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

Retrieved on: 
Friday, August 25, 2023
Environment, Technology, EV, Electric Vehicles, Automotive, Alternative Energy, Software, Green Technology, Energy, Networks, Midnight, Consent, Eastern Time Zone, Stock dilution, Expiration date, BofA Securities, Bangladesh Securities and Exchange Commission, Expiration, NYSE, Solicitation, Security (finance), Exchange, Warrant

Allego N.V. (NYSE: ALLG) (“Allego” or the “Company”) today announced that it has commenced an exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding warrants to purchase ordinary shares of the Company, nominal value € 0.12 per share (the “Ordinary Shares”), which warrants trade on the New York Stock Exchange (the “NYSE”) under the symbol “ALLG.WS” (the “Warrants”).

Key Points: 
  • Allego N.V. (NYSE: ALLG) (“Allego” or the “Company”) today announced that it has commenced an exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding warrants to purchase ordinary shares of the Company, nominal value € 0.12 per share (the “Ordinary Shares”), which warrants trade on the New York Stock Exchange (the “NYSE”) under the symbol “ALLG.WS” (the “Warrants”).
  • Pursuant to the Offer, the Company is offering up to an aggregate of 3,173,989 shares of its Ordinary Shares in exchange for the Warrants, subject to adjustment for fractional Warrants.
  • Parties representing approximately 30.4% of the Warrants have agreed to tender their Warrants in the Offer and to consent to the Warrant Amendment in the Consent Solicitation, pursuant to a tender and support agreement.
  • Any questions or requests for assistance concerning the Offer and Consent Solicitation may be directed to BofA Securities, Inc. at:

MarketWise Repudiates False Claims in Porter Stansberry’s August 11, 2023 Letter

Retrieved on: 
Thursday, August 24, 2023
Optimism, Education, Investment, Stock dilution, History, Traction, Annual report, Software, Management, Security (finance)

As part of this responsibility, the Board engages with the Company’s shareholders and welcomes constructive feedback focused on maximizing shareholder value.

Key Points: 
  • As part of this responsibility, the Board engages with the Company’s shareholders and welcomes constructive feedback focused on maximizing shareholder value.
  • But we are beginning to see the benefits of the Company’s responsive actions with the recent stabilization in results.
  • We are confident in the capability of the business to generate continued cash flow, so early in 2023, the Board initiated a quarterly dividend program.
  • He has made countless false assertions about the Company, which creates uncertainty among the Company’s shareholders, employees, customers, and other stakeholders.

FirstService Announces Normal Course Issuer Bid

Retrieved on: 
Thursday, August 24, 2023
FirstService, United States free-trade agreements, Toronto Stock Exchange, Stock dilution, Acquisition, TSX, FSV, Security (finance), Cryptocurrency

TORONTO, Aug. 24, 2023 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by FirstService of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding common shares.

Key Points: 
  • TORONTO, Aug. 24, 2023 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by FirstService of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding common shares.
  • The price which FirstService will pay for any common shares will be the market price at the time of acquisition.
  • During the period of this NCIB, FirstService may make purchases under the NCIB by means of open market transactions.
  • As of August 11, 2023, there were 44,615,127 common shares of FirstService outstanding, and the public float was 39,397,104 common shares.

Snowflake Reports Financial Results for the Second Quarter of Fiscal 2024

Retrieved on: 
Wednesday, August 23, 2023
Data Management, Security, Technology, Software, Networks, Internet, Cloud, Net, Uncertainty, Use, Table, SECURE Act, Marketing, Bank statement, Stock dilution, RPO, Snowflake Inc., Intelligence, GAAP, Cyprus Securities and Exchange Commission, Holiday, Access, Snowflake, Forbes Global 2000, Employee stock purchase plan, Webcast, Growth, Security (finance), Tag cloud, Environment, Holding company, Bank, Broadcasting, Risk management, Fine chemical, Terrain park

See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures.

Key Points: 
  • See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures.
  • We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP financial results included in this release.
  • Non-GAAP Product gross profit, Operating income (loss), Net income (loss), Net income (loss) attributable to Snowflake Inc., and Net income (loss) per share attributable to Snowflake Inc. common stockholders - basic and diluted.
  • We use these non-GAAP financial measures internally for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons.

Dycom Announces Authorization of a New $150 Million Stock Repurchase Program

Retrieved on: 
Wednesday, August 23, 2023
DY, Stock dilution, PALM, BEACH, NYSE, Security (finance)

PALM BEACH GARDENS, Fla., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) today announced that its Board of Directors has authorized a new $150 million program to repurchase shares of Dycom’s outstanding common stock.

Key Points: 
  • PALM BEACH GARDENS, Fla., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) today announced that its Board of Directors has authorized a new $150 million program to repurchase shares of Dycom’s outstanding common stock.
  • The repurchase program does not obligate Dycom to acquire any particular amount of common stock, and may be suspended or discontinued at any time.
  • The new program replaces the Company’s previous $150 million stock repurchase program of which approximately $81.0 million remained outstanding.
  • As of August 23, 2023, the Company had 29,333,411 shares of common stock outstanding, excluding the dilutive effect of stock options and unvested restricted stock.