Liquidation

Polygon (MATIC) and Ethereum (ETH) are Listed for Leverage Trading on Covo Finance

Retrieved on: 
Tuesday, March 7, 2023
Bitcoin, USDC, Ecosystem, Liquidation, USD, ETH, Risk, Hacking, Short, APR, BTC, MATIC, Theft, Cryptocurrency, Ethereum, Polygon

Polygon, formerly Matic Network, is a layer-2 scaling solution for Ethereum that aims to improve scalability and usability for decentralized applications.

Key Points: 
  • Polygon, formerly Matic Network, is a layer-2 scaling solution for Ethereum that aims to improve scalability and usability for decentralized applications.
  • To start trading crypto with leverage, users must connect their cryptocurrency wallet to the Covo Finance platform and deposit funds.
  • COVOLP is a token representing a share of the liquidity pool on Covo Finance, from which traders can borrow for their leverage trading.
  • Adding Polygon (MATIC) and Ethereum (ETH) to Covo Finance's platform is a significant development for the decentralized trading ecosystem.

AF Acquisition Corp. Amends Charter and Announces Decision to Liquidate

Retrieved on: 
Thursday, December 22, 2022
Transfer, Wind, IPO, Trust, Interest on Lawyer Trust Accounts, Common stock, Charter, Redemption, Common, Bangladesh Securities and Exchange Commission, Bank account, Tax, Security (finance), Unit, Liquidation, Finance Secretary (India)

The Company filed the Extension Amendment and the Liquidation Amendment with the Secretary of State of the State of Delaware and executed the Trust Agreement on December 19, 2022.

Key Points: 
  • The Company filed the Extension Amendment and the Liquidation Amendment with the Secretary of State of the State of Delaware and executed the Trust Agreement on December 19, 2022.
  • Following the stockholders’ meeting, the Company’s board of directors has determined to liquidate and dissolve the Company as soon as practicable before December 31, 2022.
  • As a result, the Securities will be suspended from trading on Nasdaq on December 22, 2022.
  • The Redemption will completely extinguish rights of the holders of public shares (including the right to receive further liquidating distributions, if any).

Class Acceleration Corp. Amends Charter and Announces Decision to Liquidate

Retrieved on: 
Tuesday, December 20, 2022
Transfer, Wind, IPO, Trust, Interest on Lawyer Trust Accounts, Common stock, Charter, Redemption, Common, Bangladesh Securities and Exchange Commission, Bank account, Tax, Unit, Security (finance), NYSE, Liquidation, Finance Secretary (India)

The Company filed the Extension Amendment and the Liquidation Amendment with the Secretary of State of the State of Delaware and executed the Trust Agreement on December 20, 2022.

Key Points: 
  • The Company filed the Extension Amendment and the Liquidation Amendment with the Secretary of State of the State of Delaware and executed the Trust Agreement on December 20, 2022.
  • Following the stockholders’ meeting, the Company’s board of directors has determined to liquidate and dissolve the Company as soon as practicable before December 31, 2022.
  • The Redemption will completely extinguish rights of the holders of public shares (including the right to receive further liquidating distributions, if any).
  • If stockholders hold Units, such stockholders do not need to separate the Units into their component parts in order to have their public shares of Class A Common Stock redeemed.

InterPrivate III Financial Partners Inc. Announces Amendment and Supplements to it Definitive Proxy Statement

Retrieved on: 
Thursday, December 15, 2022
Acquisition, Inflation, Annual report, Charter, DGCL, NYSE, Person, Communication, Security (finance), Sale, Proxy statement, Prospectus, Trust, IPO, Form 10-K, Special, Extension, Tax, Risk, Business architecture, Liquidation, The Meeting, Proxy, Uncertainty, Meeting, Life Partners, Inc.

Pursuant to the Charter, the Company has until March 9, 2023 to consummate an initial business combination.

Key Points: 
  • Pursuant to the Charter, the Company has until March 9, 2023 to consummate an initial business combination.
  • About InterPrivate III Financial Partners Inc.
    InterPrivate III Financial Partners Inc. (the “Company”) is a blank check company incorporated in Delaware on September 10, 2020.
  • It was originally incorporated under the name “InterPrivate II Financial Holdings Corp.”, but the Company changed its name to “InterPrivate III Financial Partners Inc.” on January 6, 2021.
  • Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are contained in the Proxy Statement (defined below).

Interprivate IV Infratech Partners Inc. Announces Amendment and Supplements to its Definitive Proxy Statement

Retrieved on: 
Thursday, December 15, 2022
Acquisition, Inflation, Annual report, Charter, DGCL, Person, Communication, Security (finance), Sale, Proxy statement, Prospectus, Trust, IPO, Form 10-K, Special, Extension, Tax, Risk, Business architecture, Liquidation, The Meeting, Proxy, Uncertainty, Meeting, Life Partners, Inc.

Pursuant to the Charter, the Company has until March 9, 2023 to consummate an initial business combination.

Key Points: 
  • Pursuant to the Charter, the Company has until March 9, 2023 to consummate an initial business combination.
  • About InterPrivate IV InfraTech Partners Inc.
    InterPrivate IV InfraTech Partners Inc. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • The Company intends to focus on a target business in the technology, media and telecom infrastructure space.
  • Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are contained in the Proxy Statement (defined below).

Shop LC recognized as a finalist for BBB's 2022 Torch Awards for Ethics competition

Retrieved on: 
Tuesday, November 29, 2022
Guinan (Star Trek), LC, Better Business Bureau, Shop LC, BBB, Jewellery, Shop, VGL, Organic, Liquidation, TJC, ITunes, Child, Beauty, TJC (TV channel), Online shopping, Ethics

AUSTIN, Texas, Nov. 29, 2022 /PRNewswire-PRWeb/ -- Shop LC is proud to announce it is one of 18 Texas businesses recognized as a finalist for Better Business Bureau's 2022 Torch Awards for Ethics. BBB serving the Heart of Texas presents the Torch Awards for Ethics each year to businesses that exemplify ethical behavior and display integrity in all aspects of its operations.

Key Points: 
  • AUSTIN, Texas, Nov. 29, 2022 /PRNewswire-PRWeb/ -- Shop LC is proud to announce it is one of 18 Texas businesses recognized as a finalist for Better Business Bureau's 2022 Torch Awards for Ethics.
  • In 2017, the Liquidation Channel became Shop LC, Global, Inc (Shop LC).
  • On Oct. 21, BBB serving the Heart of Texas announced that Shop LC was one of 18 businesses to be selected as a finalist for the 2022 Torch Awards for Ethics.
  • About Shop LC: Headquartered in Austin, Texas, Shop LC, is a wholly owned subsidiary of Vaibhav Global Ltd. (VGL), a vertically integrated company with global sourcing and manufacturing capabilities.

Woodbridge Liquidation Trust Announces Cash Distribution

Retrieved on: 
Thursday, June 16, 2022
Professional Services, Finance, Liquidation, Interest, Company, Bangladesh Securities and Exchange Commission, LLC, Forward-looking statement, Plan, Goal, Life insurance, Trust

Woodbridge Liquidation Trust (the Trust) announced that its Liquidation Trustee, with the approval of the Trusts Supervisory Board, has declared an aggregate cash distribution of $65 million on the Trusts Class A Liquidation Trust Interests (the Class A Interests).

Key Points: 
  • Woodbridge Liquidation Trust (the Trust) announced that its Liquidation Trustee, with the approval of the Trusts Supervisory Board, has declared an aggregate cash distribution of $65 million on the Trusts Class A Liquidation Trust Interests (the Class A Interests).
  • Regarding the distribution, the Trusts Liquidation Trustee Michael Goldberg said, I am pleased to be able to announce this additional interim distribution to our holders.
  • As the Company is approaching the end of its real estate portfolio liquidation activities and has only a small number of real estate assets remaining, I would remind all investors in the Trust that future distributions will be limited.
  • Woodbridge Liquidation Trust is a Delaware statutory trust that, together with its wholly-owned subsidiary Woodbridge Wind-Down Entity LLC, was formed on February 15, 2019 to implement the terms of the First Amended Joint Chapter 11 Plan of Liquidation dated August 22, 2018 of Woodbridge Group of Companies, LLC and Its Affiliated Debtors (the Plan).

SMTA Liquidating Trust Provides Update

Retrieved on: 
Tuesday, June 14, 2022
Professional Services, Other Professional Services, Other Construction & Property, Finance, Construction & Property, REIT, Banking, Trust, Sale, Annual report, Trustee, TRUST, Liquidation, Life insurance

SMTA LIQUIDATING TRUST (the Trust) (a successor to Spirit MTA REIT (SMTA)) is today providing an update on its asset sale process and the distributions expected to be made by the Trust.

Key Points: 
  • SMTA LIQUIDATING TRUST (the Trust) (a successor to Spirit MTA REIT (SMTA)) is today providing an update on its asset sale process and the distributions expected to be made by the Trust.
  • The trustees of the Trust are pleased to announce that the Trust will make a liquidating distribution of $0.52 per unit of beneficial interest of the Trust.
  • SMTA Liquidating Trust is a Maryland common law trust.
  • The purpose of SMTA Liquidating Trust is to liquidate its assets and distribute the net proceeds to the holders of its units.

Novelion Announces Date of Final Distribution to Registered Shareholders

Retrieved on: 
Tuesday, March 29, 2022
United States bankruptcy court, Company, Risk, List, Trust, Sale, Bankruptcy, Investment, Liquidator, Ownership, SEDAR, Effective date, ADR Institute of Alberta, U.S. Securities and Exchange Commission, Supreme court, Law of the United Kingdom, US, GLOBE, Bankruptcy Code, Security (finance), Online gambling, Liquidation

VANCOUVER, British Columbia, March 28, 2022 (GLOBE NEWSWIRE) -- Novelion Therapeutics Inc. (Novelion or the Company) by Alvarez & Marsal Canada Inc., Novelions liquidator (the Liquidator) today announced the anticipated date of its final cash distribution to its registered shareholders (the Final Distribution) will be on or about March 31, 2022.

Key Points: 
  • VANCOUVER, British Columbia, March 28, 2022 (GLOBE NEWSWIRE) -- Novelion Therapeutics Inc. (Novelion or the Company) by Alvarez & Marsal Canada Inc., Novelions liquidator (the Liquidator) today announced the anticipated date of its final cash distribution to its registered shareholders (the Final Distribution) will be on or about March 31, 2022.
  • As with prior distributions, those shareholders who were registered shareholders of Novelion as of January 16, 2020, being the effective date of the Liquidation (the Effective Date), are entitled to their pro rata share of all distributions made in connection with Novelions ongoing statutory liquidation and dissolution, including the Final Distribution.
  • Court) approving the interim distribution, will receive the cash value of such withheld distribution amounts as part of their Final Distribution.
  • The steps necessary to complete the Final Distribution to registered shareholders were previously approved by the B.C.