Financial economics

FMO Announces Reverse Share Split

Financial markets, Stock market, Finance, Financial economics, Equity securities, Corporate finance, Stock split, Fractional ownership, Share, Common stock, Bonus share, Reverse stock split

Friday, July 10, 2020 - 9:15pm

Upon the effectiveness of the reverse share split, every five outstanding common shares of FMO will automatically be converted into one common share.

Key Points:

Upon the effectiveness of the reverse share split, every five outstanding common shares of FMO will automatically be converted into one common share.
A reverse share split will not alter the rights or total value of a shareholders investment in the Fund, nor will it be a taxable event for Fund investors.
No fractional shares will be issued as a result of the reverse share split.
Shareholders who would otherwise have received fractional shares in the reverse share split will be paid an amount based on the amount of fractional shares held.

NOVAGOLD RESOURCES ALERT: Bragar Eagel & Squire, P.C. is Investigating NovaGold Resources, Inc. on Behalf of Stockholders and Encourages Investors to Contact the Firm

Legal, Professional services, Financial markets, Stock market, Financial economics, Finance, NovaGold Resources, Security, Stock, New York Stock Exchange

Friday, July 10, 2020 - 9:21pm

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against NovaGold Resources, Inc. (NYSE: NG) on behalf of NovaGold stockholders.

Key Points:

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against NovaGold Resources, Inc. (NYSE: NG) on behalf of NovaGold stockholders.
Our investigation concerns whether NovaGold has violated the federal securities laws and/or engaged in other unlawful business practices.
On this news, NovaGolds stock price fell $0.94 per share, or 8.83%, to close at $9.71 per share on May 28, 2020.
The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

American Equity Schedules Second Quarter 2020 Earnings Release, Conference Call and Webcast

Insurance, Professional services, Financial markets, Corporate finance, Equity securities, Stock market, Financial economics, New York Stock Exchange, AEL, Equity

Friday, July 10, 2020 - 9:15pm

American Equity Investment Life Holding Company (NYSE: AEL) announced today that it will release second quarter 2020 earnings after the close of market on Wednesday, August 5, 2020.

Key Points:

American Equity Investment Life Holding Company (NYSE: AEL) announced today that it will release second quarter 2020 earnings after the close of market on Wednesday, August 5, 2020.
The second quarter earnings release and financial supplement will be posted on the American Equity website at www.american-equity.com at that time.
AEL will hold a conference call to discuss second quarter earnings on Thursday, August 6, at 10:00 a.m. CT.
American Equity Investment Life Holding Company, a New York Stock Exchange listed company (NYSE: AEL), is headquartered in West Des Moines, Iowa.

Board of Directors of Westell Technologies, Inc. Approves Plan to Terminate Registration of Class A Common Stock

Financial markets, Stock market, Financial economics, Finance, Corporate finance, Equity securities, Common stock, Reverse stock split, Stock, Short

Friday, July 10, 2020 - 9:01pm

The transaction includes a proposed 1-for-1,000 reverse stock split of the Class A Common Stock and Class B Common Stock, in which holders of less than 1,000 shares of the Companys common stock would be cashed out at a price of $1.48 per share for their fractional shares.

Key Points:

The transaction includes a proposed 1-for-1,000 reverse stock split of the Class A Common Stock and Class B Common Stock, in which holders of less than 1,000 shares of the Companys common stock would be cashed out at a price of $1.48 per share for their fractional shares.
Stockholders owning 1,000 or more shares of the Companys Class A Common Stock or Class B Common Stock prior to the reverse stock split would remain stockholders in the Company.
The directors and executive officers have indicated that they intend to vote all of the shares of our common stock held by them (592,222 shares of Class A Common Stock and all shares of Class B Common Stock) FOR the transaction.
Promptly after the Annual Meeting, the Company expects to terminate the registration of its Class A Common Stock with the SEC and delist the Class A Common Stock from the NASDAQ Capital Market.

Cabot Corporation Board Declares Dividend

Chemicals, Plastics, Manufacturing, Financial markets, Equity securities, Corporate finance, Financial economics, Cabot Corporation, Dividend, Stock market, Cabot, Common stock, Share

Friday, July 10, 2020 - 9:00pm

On Friday, July 10, 2020, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.35 per share on all outstanding shares of the Corporations common stock.

Key Points:

On Friday, July 10, 2020, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.35 per share on all outstanding shares of the Corporations common stock.
The dividend is payable on September 11, 2020, to stockholders of record at the close of business on August 28, 2020.
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts.
For more information on Cabot, please visit the companys website at: http://www.cabotcorp.com .

HVAC Industry Buyer Selects Viking Mergers & Acquisitions; $200MM+ Acquisition Opportunity for HVAC Owner/Operators

Economy, Financial economics, Academic disciplines, Business law, Business valuation, Mergers and acquisitions, Valuation

Friday, July 10, 2020 - 5:59pm

CHARLOTTE, N.C., July 10, 2020 /PRNewswire/ -- Viking Mergers & Acquisitions has been retained by an HVAC industry buyer, initially investing in excess of $200MM+ in industry-leading HVAC owner/operators.

Key Points:

CHARLOTTE, N.C., July 10, 2020 /PRNewswire/ -- Viking Mergers & Acquisitions has been retained by an HVAC industry buyer, initially investing in excess of $200MM+ in industry-leading HVAC owner/operators.
Viking is currently conducting an HVAC industry specific acquisition search throughout the Southeast: including Tennessee, North Carolina, South Carolina, Georgia and Florida.Eligible HVAC Owner operators can receive a confidential business valuation to be considered by the retained buyer who is looking to expand in the HVAC industry.
Viking Mergers is actively seeking out HVAC owner/operators who desire to capitalize on this strategic expansion opportunity.
Founded in 1996 Viking Mergers & Acquisitions was established with the vision of providing customized exit strategies and M&A services to middle market business owners.

Dye & Durham Limited Files Amended and Restated Preliminary Prospectus

Initial public offering, Prospectus, System for Electronic Document Analysis and Retrieval, Financial economics, Finance, Stock market, Economy, U.S. Securities and Exchange Commission, Red herring prospectus

Friday, July 10, 2020 - 5:24pm

TORONTO, July 10, 2020 (GLOBE NEWSWIRE) -- Dye & Durham Limited (the Dye & Durham or the Company), the parent company of Dye & Durham Corporation, a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, today announced that it has filed an amended and restated preliminary prospectus with the securities regulatory authorities in each of the provinces and territories in Canada (other than Qubec) (the Amended and Restated Preliminary Prospectus), which amends and restates the preliminary long form prospectus filed by the Company on June 29, 2020.

Key Points:

TORONTO, July 10, 2020 (GLOBE NEWSWIRE) -- Dye & Durham Limited (the Dye & Durham or the Company), the parent company of Dye & Durham Corporation, a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, today announced that it has filed an amended and restated preliminary prospectus with the securities regulatory authorities in each of the provinces and territories in Canada (other than Qubec) (the Amended and Restated Preliminary Prospectus), which amends and restates the preliminary long form prospectus filed by the Company on June 29, 2020.
Under the Amended and Restated Preliminary Prospectus, Dye & Durham has amended the terms of the proposed initial public (the Treasury Offering) and the secondary offering of its common shares (the Secondary Offering and together with the Treasury Offering, the Offering).
Copies of the Amended and Restated Preliminary Prospectus may be obtained from any of the underwriters listed above.
Copies of the preliminary long form prospectus and the amended and restated prospectus are available on SEDAR at www.sedar.com.

VivoPower International PLC Announces Reconstitution of Aevitas Group Securities

Financial economics, Corporate finance, Equity securities, Stock market, Finance, Money, Preferred stock, Common stock, Security, Public limited company

Friday, July 10, 2020 - 2:30pm

LONDON, July 10, 2020 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the Company) announces that its Australian subsidiary, Aevitas Group Limited (Aevitas) today held an extraordinary general meeting of its ordinary shareholders as well as its exchangeable preference shareholders and exchangeable noteholders.

Key Points:

LONDON, July 10, 2020 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the Company) announces that its Australian subsidiary, Aevitas Group Limited (Aevitas) today held an extraordinary general meeting of its ordinary shareholders as well as its exchangeable preference shareholders and exchangeable noteholders.
The meeting was held to allow the exchangeable preference shareholders and exchangeable noteholders the opportunity to vote on a proposed change to these securities.
The key elements of the proposed change are as follows:
The Aevitas exchangeable preference shares and exchangeable notes will be reconstituted as an Aevitas preference share.
The changes are facilitative in that they enable holders to agree with Aevitas to reconstitute their securities as preference shares.

GlycoMimetics Reports Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)

Health, FDA, Clinical trials, Research, Science, Pharmaceutical, Biotechnology, Options, Corporate finance, Financial economics, Stock market, Finance, Contract law, Exercise, Equity

Friday, July 10, 2020 - 2:00pm

The options were granted as an inducement equity award outside of the Companys 2013 Equity Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4), and were made as an inducement material to the acceptance of employment with the Company by the new employee.

Key Points:

The options were granted as an inducement equity award outside of the Companys 2013 Equity Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4), and were made as an inducement material to the acceptance of employment with the Company by the new employee.
The options are subject to the terms and conditions of a stock option agreement covering the grant and the GlycoMimetics, Inc. Inducement Plan, which was adopted January 22, 2020 and provides for the granting of stock options to new employees.
The stock option award has an exercise price equal to the closing price of the Companys common stock on July 06, 2020.
GlycoMimetics has also completed a Phase 1 clinical trial with another wholly-owned drug candidate, GMI-1359, a combined CXCR4 and E-selectin antagonist.

General Finance Corporation Declares Dividend of $2.30 Per Share on Its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock

Financial markets, Finance, Financial economics, Storage tanks, Economy of New York City, NASDAQ, Preferred stock, Mobile Mini

Friday, July 10, 2020 - 1:30pm

PASADENA, Calif., July 10, 2020 (GLOBE NEWSWIRE) -- General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions (the Company), announced today that in accordance with the terms of its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (NASDAQ:GFNCP) (the Series C Preferred Stock), the Board of Directors has declared a cash dividend of $2.30 per share.

Key Points:

PASADENA, Calif., July 10, 2020 (GLOBE NEWSWIRE) -- General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions (the Company), announced today that in accordance with the terms of its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (NASDAQ:GFNCP) (the Series C Preferred Stock), the Board of Directors has declared a cash dividend of $2.30 per share.
The dividend is the twenty-ninth dividend being paid by the Company on its Series C Preferred Stock and is payable with respect to the period commencing on April 30, 2020 and ending on July 30, 2020.
This dividend is payable on July 31, 2020 to preferred stockholders of record as of July 30, 2020.
Headquartered inPasadena, California,General Finance Corporation(NASDAQ: GFN, www.generalfinance.com ) is a leading specialty rental services company offering portable storage, modular space and liquid containment solutions.Managements expertise in these sectors drives disciplined growth strategies, operational guidance, effective capital allocation and capital markets support for the Companys subsidiaries.The CompanysAsia-Pacificleasing operations inAustraliaand New Zealand consist of wholly-ownedRoyal Wolf ( www.royalwolf.com.au ), the leading provider of portable storage solutions in those regions.The CompanysNorth Americaleasing operations consist of wholly-owned subsidiariesPac-Van, Inc. ( www.pacvan.com ) andLone Star Tank Rental Inc. ( www.lonestartank.com ), providers of portable storage, office and liquid storage tank containers, mobile offices and modular buildings.The Company also ownsSouthern Frac, LLC ( www.southernfrac.com ), a manufacturer of portable liquid storage tank containers and, under the trade name Southern Fabrication Specialties ( www.southernfabricationspecialties.com ), other steel-related products in North America.