Convertible bond

OneSmart Announces Private Placement of US$25 Million Convertible Notes

Retrieved on: 
Friday, February 28, 2020
Corporate finance, Convertible bond, Convertible security, Value-added tax

The closing of such private placement is expected to occur on or around February 28, 2020.

Key Points: 
  • The closing of such private placement is expected to occur on or around February 28, 2020.
  • The convertible note to be issued to the Purchaser bear interest at a rate of 4.75% per year.
  • The convertible notes will mature on February 28, 2025unless repurchased or converted in accordance with their terms prior to such date.
  • As of November 30, 2019, OneSmart operates a nationwide network of 430 learning centers across 35 cities inChina.

ThreeD Capital Inc. Acquires Convertible Debentures of Imagination Park Technologies Inc.

Retrieved on: 
Wednesday, February 26, 2020
Corporate finance, Finance, Money, Economy, Debenture, Convertible bond, Venture capital, Warrant, Convertible security

TORONTO, Feb. 26, 2020 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (the Acquirer) (CSE:IDK), a Canadian-based venture capital firm focused on investments in promising, early stage companies and ICOs with disruptive capabilities, is pleased to announce that it has acquired ownership of convertible debentures (the Subject Debentures), convertible into 4,000,000 units of Imagination Park Technologies Inc. (the Company) on February 26, 2020 (the Subject Units).

Key Points: 
  • TORONTO, Feb. 26, 2020 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (the Acquirer) (CSE:IDK), a Canadian-based venture capital firm focused on investments in promising, early stage companies and ICOs with disruptive capabilities, is pleased to announce that it has acquired ownership of convertible debentures (the Subject Debentures), convertible into 4,000,000 units of Imagination Park Technologies Inc. (the Company) on February 26, 2020 (the Subject Units).
  • Each Subject Unit consists of one common share of the Company (each, a Subject Share) and one common share purchase warrant (each, a Subject Warrant).
  • The Subject Debentures were acquired in a private placement and not through the facilities of any stock exchange.
  • ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the Junior Resources, Artificial Intelligence and Blockchain sectors.

Result of General Meeting

Retrieved on: 
Wednesday, February 26, 2020
Mergers and acquisitions, Corporate finance, Corporations, Financial economics, Finance, Stock market, Convertible bond, Takeover, Security, Greenstone, Convertible security, City Code on Takeovers and Mergers

Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release.

Key Points: 
  • Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release.
  • The following words and expressions shall have the following meanings in this Announcement unless the context otherwise requires:
    the UK City Code on Takeovers and Mergers;
    Greenstone, its Connected Persons and other persons acting in concert with it, as described in Part III of the Circular;
    has the meaning set out in section 252 and section 254 of the Act and includes a spouse, children under 18 and any company in which the relevant person is interested in shares comprising at least one-fifth of the share capital of that company;
    the convertible loan notes that may be issued to Greenstone pursuant to the Subscription Deed and the Convertible Loan Notes Instrument as described further in Part I of the Circular;

Biofrontera AG resolves to issue qualified subordinated mandatory convertible bonds

Retrieved on: 
Wednesday, February 26, 2020
Corporate finance, Finance, Financial economics, Convertible bond, Bond, Money, Stock market, Convertible security, Ticker symbol

Leverkusen, Germany, Feb. 26, 2020 (GLOBE NEWSWIRE) -- The Executive Board of Biofrontera AG (NASDAQ ticker symbol: BFRA, ISIN: DE0006046113), today resolved, with the approval of the Supervisory Board, to issue two qualified subordinated mandatory convertible bonds.

Key Points: 
  • Leverkusen, Germany, Feb. 26, 2020 (GLOBE NEWSWIRE) -- The Executive Board of Biofrontera AG (NASDAQ ticker symbol: BFRA, ISIN: DE0006046113), today resolved, with the approval of the Supervisory Board, to issue two qualified subordinated mandatory convertible bonds.
  • The following are to be issued (i) 0.5 % qualified subordinated mandatory convertible bond 2020/2024 and (ii) 1.0 % qualified subordinated mandatory convertible bond 2020/2026.
  • Both mandatory convertible bonds consist of up to 1,600,000 bonds with a principal amount of EUR 5.00 each and a total principal amount of up to EUR 8,000,000.
  • The bondholders are obliged to convert their bonds at the maturity date of the convertible bond unless the Company waives such mandatory conversion at maturity.

Canadian Premium Sand Completes Non-Brokered Private Placement of Secured Convertible Debentures

Retrieved on: 
Wednesday, February 26, 2020
Finance, Economy, Money, Corporate finance, Debenture, Debt, Convertible bond

CALGARY, Alberta, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (CPS or the Company) (TSXV: CPS) is pleased to announce that it has completed its previously announced non-brokered private placement (the "Offering") of secured convertible debentures (the "Convertible Debentures").

Key Points: 
  • CALGARY, Alberta, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (CPS or the Company) (TSXV: CPS) is pleased to announce that it has completed its previously announced non-brokered private placement (the "Offering") of secured convertible debentures (the "Convertible Debentures").
  • The net proceeds of the Offering will be used for the continued development of the Company's Wanipigow Sand Resource and for general working capital purposes.
  • The Convertible Debentures bear interest at a rate of 12% per annum and mature on February 26, 2024 (the "Maturity Date").
  • The Debentures and the Common Shares issuable upon conversion of the Debentures are subject to a statutory hold period expiring on June 27, 2020.

SHARC International Announces Closing of Over-Subscribed Over-Allotment Option and Final Tranche of Private Placement of Convertible Debentures

Retrieved on: 
Tuesday, February 25, 2020
Finance, Money, Economy, Corporate finance, SHARC International Systems Inc., Debenture, Super Harvard Architecture Single-Chip Computer, Warrant, System for Electronic Document Analysis and Retrieval, SHARC, OTC Markets Group, Convertible bond

Each Unit consists of: (i) $1,000 principal amount of 2.0% unsecured convertible debentures (the Debentures); and (ii) 5,000 warrants (the Warrants).

Key Points: 
  • Each Unit consists of: (i) $1,000 principal amount of 2.0% unsecured convertible debentures (the Debentures); and (ii) 5,000 warrants (the Warrants).
  • SHARC International Systems Inc. is a world leader in waste water heat recovery.
  • SHARC is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA).
  • Further information about the Company is available on our website at www.sharcenergy.com or under our profile on SEDAR at www.sedar.com.

Bandwidth Announces Proposed Private Offering of $300 Million of Convertible Senior Notes

Retrieved on: 
Tuesday, February 25, 2020
Convertible security, Option, Corporate finance, Promissory note, Finance, Money, Economy, Stock market, Convertible bond, Mezzanine capital

Bandwidth also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $45 million aggregate principal amount of the Notes.

Key Points: 
  • Bandwidth also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $45 million aggregate principal amount of the Notes.
  • The Notes will be senior, unsecured obligations of Bandwidth, and interest will be payable semi-annually in arrears.
  • The Notes will be convertible into cash, shares of Bandwidth's Class A common stock or a combination thereof, at Bandwidth's election.
  • The interest rate, initial conversion rate and other terms of the Notes are to be determined upon pricing of the Offering.

Todos Medical Announces Legacy Convertible Note Extension, Lock-Up Agreements, and New Debt Financing

Retrieved on: 
Tuesday, February 25, 2020
Finance, Money, Economy, Corporate finance, Convertible bond, Security, Repurchase agreement, Investment, Venture capital, Equity securities

A new institutional investor purchased $295,000 in convertible notes from certain institutional investors who participated in the 2019 Financing in order to help facilitate the transaction.

Key Points: 
  • A new institutional investor purchased $295,000 in convertible notes from certain institutional investors who participated in the 2019 Financing in order to help facilitate the transaction.
  • Concurrently, the Company completed a raise of $163,000 in new convertible debt financing with certain new domestic and Israel-based investors (the 2020 Bridge Financing).
  • Todos has exercised its option to acquire Breakthrough, and expects to close on that transaction in the first half of 2020.
  • For a more detailed description of the risks and uncertainties affecting Todos Medical, please refer to its reports filed from time to time with the U.S. Securities and Exchange Commission.

Hemostemix Announces Financing Update and Secured Convertible Debenture Financing of Up to $2,000,000

Retrieved on: 
Thursday, February 20, 2020
Finance, Economy, Money, Corporate finance, Debenture, Debt, Convertible bond

In addition, the Company announces it is also proceeding with a non-brokered private placement of up to a maximum of $2,000,000 principal amount of secured convertible debentures (the Debenture Offering).

Key Points: 
  • In addition, the Company announces it is also proceeding with a non-brokered private placement of up to a maximum of $2,000,000 principal amount of secured convertible debentures (the Debenture Offering).
  • Each debenture will consist of $1,000 principal amount of secured, non-transferable, convertible, redeemable debentures (the Debentures).
  • The net proceeds of the Debenture Offering, in conjunction with the net proceeds of the Unit Offering, will be used to repay J.M.
  • Hemostemix expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

21Vianet Announces US$100 Million Private Placement of Convertible Notes

Retrieved on: 
Wednesday, February 19, 2020
Finance, Money, Economy, Stock market, Corporate finance, Investment, Convertible bond, Security, Private placement, Qualified institutional placement

Pursuant to these agreements, 21Vianet will issue and sell convertible notes in an aggregate principal amount of US$100 million through a private placement to the investors.

Key Points: 
  • Pursuant to these agreements, 21Vianet will issue and sell convertible notes in an aggregate principal amount of US$100 million through a private placement to the investors.
  • The convertible notes will mature in five years, bearing interest at the rate of 2% per annum from the issuance date which shall be payable semiannually in arrears in cash.
  • Additional information regarding the private placement and the notes will be included in a Form 6-K to be filed by 21Vianet with the US Securities and Exchange Commission.
  • We are excited about our investment in 21Vianet, and look forward to more cooperation with the company in supporting its growth.