Convertible bond

DGAP-News: YOC AG: YOC AG: Announcement of early repayment of convertible bond 2018/2021

Retrieved on:

Tuesday, July 13, 2021

Bond, Finance, Par value, Convertible security, Bearer instrument, Financial economics, Corporate finance, Money, Convertible bond

Each bond could be converted into no-par value bearer shares of the Company.

Key Points:

Each bond could be converted into no-par value bearer shares of the Company.
After conversion of bonds has already taken place, there are currently 506 bonds (convertible into 6,325 shares) with a total nominal amount of EUR 50,600.00 remaining.
The early redemption must be announced at least ten (10) business days prior to the redemption date.
Further information on the YOC Group and our products can be found at yoc.com.

Aventine Property Group Completes $100 Million Private Offering of Senior Unsecured Convertible Notes

Retrieved on:

Monday, July 12, 2021

REIT, Alternative medicine, Health, Other Construction & Property, Construction & Property, Corporate finance, Aventine, Real estate investment trust, Convertible bond, Aventin, Convertible security

Aventine Property Group, Inc. (Aventine or the Company), one of the largest internally managed REITs serving the legal adult- and medical-use cannabis industry, announced today that it has completed a private offering of $100 million aggregate principal amount of 8.00% senior unsecured convertible notes due 2026 (the Notes).

Key Points:

Aventine Property Group, Inc. (Aventine or the Company), one of the largest internally managed REITs serving the legal adult- and medical-use cannabis industry, announced today that it has completed a private offering of $100 million aggregate principal amount of 8.00% senior unsecured convertible notes due 2026 (the Notes).
The Notes will mature in July 2026, unless otherwise repurchased, redeemed, or converted.
Upon an initial public offering of the Companys common stock, the Notes will mandatorily convert into common stock at the time of such offering.
This capital raise is a transformative step for Aventine that validates our spin-off at the beginning of this year, said Raymond Lewis, President and Chief Executive Officer of Aventine.

GenTech Holdings, Inc. Provides Mid-Year Update: Multiple Acquisitions, Debt Reduction, Growth Acceleration

Retrieved on:

Monday, July 12, 2021

Finance, Corporate finance, Money, Financial economics, Convertible bond, Debenture, Convertible security

During the first half of 2021, the Company has settled with multiple convertible noteholders, removing more than $1 million in convertible notes from the balance sheet.

Key Points:

During the first half of 2021, the Company has settled with multiple convertible noteholders, removing more than $1 million in convertible notes from the balance sheet.
The Company plans to have no outstanding convertible debentures on its books by the end of Q2 2022.
David Lovatt, GenTech CEO, commented, The Fizzique acquisition is the most important deal in GenTech history.
This press release may contain forward-looking statements, including information about management's view of GenTech, Inc.'s future expectations, plans and prospects.

HUMBL Announces Completion of Monster LA Acquisition

Retrieved on:

Tuesday, July 6, 2021

Convertible bond, Corporate finance, Non-fungible token, National Film and Television School, Creative technology, Financial markets, Finance, Financial economics

San Diego, California, July 06, 2021 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC Markets: HMBL) today announced that it has completed its acquisition of Monster Creative, LLC, a leading Hollywood production studio.

Key Points:

San Diego, California, July 06, 2021 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC Markets: HMBL) today announced that it has completed its acquisition of Monster Creative, LLC, a leading Hollywood production studio.
The purchase price for the acquisition was paid with $7.5M in convertible debt and $500,000 in non-convertible debt, for a total of $8M USD.
Founded by award-winning industry veterans Doug Brandt and Kevin Childress, Monster Creative is a leading creative advertising agency in the entertainment space.
Monster Creative will continue independent operations of its Hollywood studios while collaborating with HUMBL in creating digital media, multimedia NFTs and ticketing experiences for clients in sports, music, entertainment, fashion, gaming, and photography.

Seabridge Gold and Eskay Mining Enter into Cost Sharing Agreement and Financing on Coulter Creek Access Road

Retrieved on:

Monday, July 5, 2021

Finance, Sports, Money, KSM, Debenture, Convertible bond

The road is designed to connect the KSM project with the existing Eskay mine road to the northwest (see attached map).

Key Points:

The road is designed to connect the KSM project with the existing Eskay mine road to the northwest (see attached map).
Approximately 2.92 kilometres of the First Segment of the CCAR is situated on mineral tenures held by Eskay Mining.
Commenting on the Cost Sharing Agreement, Seabridge's Chairman and CEO stated "we are delighted to be working with Eskay Mining on the First Segment of the CCAR.
To fund Eskay Mining's share of costs under the Cost Sharing Agreement, Seabridge has agreed to purchase a $6.0 million convertible debenture ("CD") and 1,350,000 warrants (the "Warrants") from Eskay Mining.

Cansortium Cancels Convertible Notes

Retrieved on:

Friday, July 2, 2021

Financial markets, Finance, Money, Convertible bond, Corporate finance, OTC Markets Group, Promissory note, Redemption value

MIAMI, FL, July 2, 2021 /PRNewswire/ - Cansortium Inc. (CSE:TIUM.U) (OTCQB: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated cannabis company operating under the Fluent brand, today announced that it has exercised its right under the convertible promissory notes (the "Notes") initially issued in the aggregate principal amount of US$10 million in February 2019 (as amended in August 2020, February 2021 and May 2021) to force the conversion of the Notes into common shares of the Company.

Key Points:

MIAMI, FL, July 2, 2021 /PRNewswire/ - Cansortium Inc. (CSE:TIUM.U) (OTCQB: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated cannabis company operating under the Fluent brand, today announced that it has exercised its right under the convertible promissory notes (the "Notes") initially issued in the aggregate principal amount of US$10 million in February 2019 (as amended in August 2020, February 2021 and May 2021) to force the conversion of the Notes into common shares of the Company.
As a result, all obligations under the Notes have been satisfied and are thus canceled.
With this redemption, we have eliminated all convertible notes from our cap table.
We would like to thank our convertible noteholders for their support of the Company over these past two years."

Special Opportunities Fund, Inc. Provides Details on Redemption of Convertible Preferred Stock

Retrieved on:

Thursday, July 1, 2021

Banking, Professional services, Finance, Financial markets, Finance, Financial economics, Corporate finance, Equity securities, Stock market, Preferred stock, Convertible security, Stock, Common stock, Convertible bond, Dilutive security

As previously announced, the Board of Directors (the Board) of Special Opportunities Fund, Inc. (NYSE: SPE) (the Fund), in accordance with the Optional Redemption provision of the prospectus for the Funds Convertible Preferred Stock (the Convertible Preferred), has determined to redeem all shares of the Convertible Preferred that are still outstanding at 5 pm EDT on July 9, 2021 at $25 per share.

Key Points:

As previously announced, the Board of Directors (the Board) of Special Opportunities Fund, Inc. (NYSE: SPE) (the Fund), in accordance with the Optional Redemption provision of the prospectus for the Funds Convertible Preferred Stock (the Convertible Preferred), has determined to redeem all shares of the Convertible Preferred that are still outstanding at 5 pm EDT on July 9, 2021 at $25 per share.
Holders of the Convertible Preferred may, until 5 pm EDT on July 9, 2021, convert their shares into shares of Common Stock at a ratio of 1.9558 (with cash paid in lieu of any fractional shares of common stock).
As of the time of this release, the market price of the Convertible Preferred is approximately $29.50 per share which is significantly higher than $25 per share.
Therefore, holders of the Convertible Preferred are advised to check the market price of both the Common Stock and the Convertible Preferred before determining whether and when to convert their shares into Common Stock.

Better Choice Announces Conversion of $23 Million of Outstanding Debt Into Common Equity Concurrent With Uplist to NYSE American

Retrieved on:

Wednesday, June 30, 2021

Financial markets, Finance, Financial economics, Corporate finance, Convertible bond, New York Stock Exchange, Convertible security, Stock market, Equity securities

NEW YORK, June 30, 2021 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE American: BTTR) (Better Choice or the Company), an animal health and wellness company, today announced the conversion of approximately $23.0 million of convertible notes into common equity concurrent with the Companys uplist to the NYSE American.

Key Points:

NEW YORK, June 30, 2021 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE American: BTTR) (Better Choice or the Company), an animal health and wellness company, today announced the conversion of approximately $23.0 million of convertible notes into common equity concurrent with the Companys uplist to the NYSE American.
Per the terms of the convertible notes, the holders will receive common shares at a conversion price equal to the public offering price of $5.00 per share, representing approximately 4.6 million common shares in aggregate.
Together with the board, insiders and management, approximately 39% of all common equity holders will have entered into 180-day lock-up agreements.
After months of preparation, I am incredibly excited to officially list on the NYSE American, which will only increase our visibility as a Company going forward.

ALJ Regional Holdings, Inc. Replaces Its Existing Term Loan And Amends Its Revolving Credit Facility

Retrieved on:

Tuesday, June 29, 2021

Finance, Money, Economy, Credit, Loans, Debt, Personal finance, Revolving credit, Convertible bond, Amortization, Line of credit

NEW YORK, June 29, 2021 /PRNewswire/ --ALJ Regional Holdings, Inc. (NASDAQ: ALJJ) ("ALJ" or "Company") announced today that it has completed the replacement of its existing term loan and amended its existing revolving credit facility.

Key Points:

NEW YORK, June 29, 2021 /PRNewswire/ --ALJ Regional Holdings, Inc. (NASDAQ: ALJJ) ("ALJ" or "Company") announced today that it has completed the replacement of its existing term loan and amended its existing revolving credit facility.
ALJ's new term loan and amended revolving credit facility (referred to collectively as "New Debt") reduces term loan amortization principal payments by approximately $4.4 million, or 54%, which significantly improves liquidity and operating flexibility.
Reduction in Convertible Debt Dilution and Lower Interest Rate for Revolving Credit Facility.
ALJ's New Debt consolidated most existing capital leases and all equipment financing arrangements into the new term loan, which improves near-term cashflow.

WISeKey Secures Growth Capital via Convertible Notes Subscription Agreements for up to $44,000,000 with Global Institutional Investors

Retrieved on:

Tuesday, June 29, 2021

Financial markets, Finance, Financial economics, Structured finance, Fixed-income securities, Corporate finance, Convertible bond, Tranche, Subscription

Zug, Switzerland June 29, 2021 WISeKey International Holding Ltd (WISeKey or Company) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI and IoT company, announced today that it has signed a Convertible Notes Subscription Agreement for up to $44,000,000 Convertible Notes and a relevant Warrant Agreement with global institutional investors (the Investors).

Key Points:

Zug, Switzerland June 29, 2021 WISeKey International Holding Ltd (WISeKey or Company) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI and IoT company, announced today that it has signed a Convertible Notes Subscription Agreement for up to $44,000,000 Convertible Notes and a relevant Warrant Agreement with global institutional investors (the Investors).
Under the terms of both Convertible Notes Subscription Agreements with similar terms, WISeKey will issue an initial convertible note in the aggregate principal amount of $22,000,000 for subscription by the Investors.
Additionally, WISeKey has the right to request the Investors to subscribe for four additional notes tranches, each in the aggregate principal total amount of $5,500,000, at the date and time determined by WISeKey.
The Fixed Conversion Price is CHF 4.00 for the first 25% of the Convertible Notes of the Initial Notes Tranche, CHF5.00 for the second 25% of the Convertible Notes of the Initial Notes Tranche, CHF6.00 for the third 25% of the Convertible Notes of the Initial Notes Tranche and CHF7.50 for the final 25% of the Convertible Notes of the Initial Notes Tranche.