Repurchase agreement

Li Auto Inc. Announces Put Right Notification for 0.25% Convertible Senior Notes due 2028

Retrieved on: 
Wednesday, March 27, 2024
Put, FICC, Telephone, Exercise, CUSIP, Note, Depository Trust Company, Debt-to-GDP ratio, Repurchase agreement, Security (finance)

BEIJING, March 27, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it is notifying holders of its 0.25% Convertible Senior Notes due 2028 (CUSIP No.

Key Points: 
  • BEIJING, March 27, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it is notifying holders of its 0.25% Convertible Senior Notes due 2028 (CUSIP No.
  • The Put Right expires at 5:00 p.m., New York City time, on Monday, April 29, 2024.
  • The 2024 Repurchase Date is an interest payment date under the terms of the Indenture and the Notes.
  • Holders of Notes may request the Company’s Put Right Notice from the paying agent, Deutsche Bank Trust Company Americas.

Ascent Solar Technologies Announces Warrants Repurchase Agreements

Retrieved on: 
Thursday, March 14, 2024
ASTI, Warrant, Qualification, Ascent Solar, Exercise, Repurchase agreement, Security (finance)

Pursuant to the Purchase Contract, the Company issued to the investors certain common stock warrants (the “Warrants”).

Key Points: 
  • Pursuant to the Purchase Contract, the Company issued to the investors certain common stock warrants (the “Warrants”).
  • On March 6, 2024, and March 7, 2024, the Company entered into Warrant Repurchase agreements (the “Repurchase Agreements”) with each of the investors.
  • So long as the Repurchase Agreements are in effect, the investors have agreed not to directly or indirectly sell or assign the Warrants.
  • In the event of any termination of the Repurchase Agreements, the Warrants shall remain outstanding with all existing terms unchanged.

Guess?, Inc. Announces Issuance of Approximately $12.1 Million of Additional 3.75% Convertible Notes Due 2028 and Retirement of Approximately $14.6 Million of Existing 2.00% Convertible Notes Due 2024

Retrieved on: 
Monday, April 1, 2024
Fashion, Professional Services, Retail, Other Retail, Department Stores, Finance, Bank of America, Uncertainty, GES, Exchange, Bank, CUSIP, Sale, Observation, Judgement, Annual report, Debt-to-GDP ratio, Share repurchase, Subscription business model, Transaction, Repurchase agreement, Security (finance)

Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).

Key Points: 
  • Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).
  • The 2028 Notes will have the same CUSIP number as the Existing 2028 Notes and will be issued as additional notes under the indenture governing the Existing 2028 Notes.
  • The 2028 Notes are expected to trade interchangeably with the Existing 2028 Notes immediately upon settlement and be fungible with the Existing 2028 Notes.
  • The 2028 Notes will mature on April 15, 2028, unless earlier repurchased or converted in accordance with their terms.

Zhihu Inc. Reports Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Tuesday, March 26, 2024
Research, Growth, Environment, Accounting, Stock exchange, Yan, ADS, Overalls, Investment, Maus, GAAP, ID, Share repurchase, Marketing, Advertising, Total, Repurchase agreement, Video game

BEIJING, March 26, 2024 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced its unaudited financial results for the quarter and fiscal year ended December 31, 2023.

Key Points: 
  • BEIJING, March 26, 2024 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced its unaudited financial results for the quarter and fiscal year ended December 31, 2023.
  • Total revenues were RMB1,138.3 million (US$160.3 million) in the fourth quarter of 2023, representing a 2.2% increase from the same period of 2022.
  • Net loss was RMB103.1 million (US$14.5 million) in the fourth quarter of 2023, narrowed by 42.6% from the same period of 2022.
  • Adjusted net loss (non-GAAP)[1] was RMB91.3 million (US$12.9 million) in the fourth quarter of 2023, narrowed by 31.9% from the same period of 2022.

OptionTrax Unveils Secure Tender and Repurchase Event Feature for Private Companies

Retrieved on: 
Wednesday, March 20, 2024
Software as a service, IPO, Issuer, Repurchase agreement

CONSHOHOCKEN, Pa., March 20, 2024 /PRNewswire/ -- OptionTrax®, the leading equity plan administration and cap table management SaaS platform, is proud to announce the launch of its latest feature, allowing private companies to conduct tender or repurchase events seamlessly within the OptionTrax System.

Key Points: 
  • CONSHOHOCKEN, Pa., March 20, 2024 /PRNewswire/ -- OptionTrax®, the leading equity plan administration and cap table management SaaS platform, is proud to announce the launch of its latest feature, allowing private companies to conduct tender or repurchase events seamlessly within the OptionTrax System.
  • Key Features of the Internal Tender and Repurchase Event Feature include:
    Customizable Event Parameters: Clients can tailor the event according to their specific needs by setting parameters such as eligible securities, participating holders, and minimum and maximum participation amounts.
  • Jonathan Miller, CEO of Plan Management Corp., the owner and developer of the OptionTrax System, said, "We are excited to introduce this transformative feature to our platform, enabling private companies to efficiently create, manage, and report on their internal tender and repurchase events.
  • For more information about OptionTrax and its groundbreaking tender and repurchase functionality, please visit www.OptionTrax.com or call (888) 678-8729 .

QuantaSing Announces Unaudited Financial Results for the Second Quarter of Fiscal Year 2024

Retrieved on: 
Thursday, March 7, 2024
Research, AI, Repurchase agreement, Investment, Share repurchase, Marketing, Growth, Audit committee, American depositary receipt, Recreation, FY, Pharmaceutical industry

BEIJING, March 07, 2024 (GLOBE NEWSWIRE) -- QuantaSing Group Limited (NASDAQ: QSG) (“QuantaSing” or the “Company”), a leading online learning service provider in China, today announced its unaudited financial results for the second quarter of the fiscal year ending June 30, 2024 (the “second quarter of FY 2024”, which refers to the quarter from October 1, 2023 to December 31, 2023).

Key Points: 
  • BEIJING, March 07, 2024 (GLOBE NEWSWIRE) -- QuantaSing Group Limited (NASDAQ: QSG) (“QuantaSing” or the “Company”), a leading online learning service provider in China, today announced its unaudited financial results for the second quarter of the fiscal year ending June 30, 2024 (the “second quarter of FY 2024”, which refers to the quarter from October 1, 2023 to December 31, 2023).
  • Revenues for the second quarter of FY 2024 were RMB980.5 million (US$138.1 million), representing an increase of 12.8% from the first quarter of the fiscal year ending June 30, 2024 (the “first quarter of FY 2024”) and an increase of 24.7% from the second quarter of the fiscal year ended June 30, 2023 (the “second quarter of FY 2023”).
  • Net income for the second quarter of FY 2024 was RMB107.6 million (US$15.2 million), compared with RMB66.7 million in the first quarter of FY 2024, and a net loss of RMB41.4 million in the second quarter of FY 2023.
  • Adjusted net income2 for the second quarter of FY 2024 was RMB103.9 million (US$14.6 million), compared with RMB94.0 million in the first quarter of FY 2024, and RMB21.8 million in the second quarter of FY 2023.

South Plains Financial, Inc. Announces Stock Repurchase Program

Retrieved on: 
Monday, February 26, 2024
Acquisition, Repurchase agreement, Bank, Rule, SPFI, Car rental

LUBBOCK, Texas, Feb. 26, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), today announced that the board of directors of the Company (the “Board”) approved a stock repurchase program for up to $10.0 million of the outstanding shares of the Company’s common stock (the “Stock Repurchase Program”).

Key Points: 
  • LUBBOCK, Texas, Feb. 26, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), today announced that the board of directors of the Company (the “Board”) approved a stock repurchase program for up to $10.0 million of the outstanding shares of the Company’s common stock (the “Stock Repurchase Program”).
  • The Stock Repurchase Program will conclude on February 21, 2025, subject to the earlier termination or extension of the Stock Repurchase Program by the Board or the $10.0 million designated for the Stock Repurchase Program are depleted.
  • As a result, our Board has authorized a $10.0 million stock repurchase program to buy back our own stock, which we believe is currently the most compelling acquisition that we can make in today’s market.”
    Under the Stock Repurchase Program, the Company may repurchase shares of the Company’s common stock from time to time in open market purchases or privately negotiated transactions.
  • The Stock Repurchase Program does not obligate the Company to repurchase any particular number or amount of shares of the Company’s common stock.

Bilibili Inc. Announces Repurchase Right Notification for 1.375% Convertible Senior Notes due 2026

Retrieved on: 
Tuesday, February 20, 2024
FICC, Note, Repurchase agreement, NOTES, Depository Trust Company, Mechanics, Exercise, Debt-to-GDP ratio, HKEX, Trustee, CUSIP, PARTIES, Security (finance)

The Repurchase Right entitles each holder of the Notes to require the Company to repurchase all of such holder’s Notes, or any portion thereof that is an integral multiple of US$1,000 principal amount.

Key Points: 
  • The Repurchase Right entitles each holder of the Notes to require the Company to repurchase all of such holder’s Notes, or any portion thereof that is an integral multiple of US$1,000 principal amount.
  • If all outstanding Notes are surrendered for repurchase through exercise of the Repurchase Right, the aggregate cash purchase price will be US$429,343,000.
  • In order to exercise the Repurchase Right, a holder must follow the transmittal procedures set forth in the Company’s Repurchase Right Notice to holders (the “Repurchase Right Notice”), which is available through the Depository Trust Company and Deutsche Bank Trust Company Americas.
  • If a holder has tendered any Notes pursuant to the Repurchase Right, such Notes cannot be converted unless the holder withdraws the tender in accordance with the terms of the Indenture.

Grupo Supervielle Reports 4Q23 Results

Retrieved on: 
Wednesday, March 6, 2024
Banking, Professional Services, Insurance, Finance, Social support, Repurchase agreement, NPS, International trade, Coverage, Mining, Central bank, Annual report, Growth, Tier 1 capital, Sale, Disclosure, ESG, Government, ROE, Net income, Yoy, Central Bank of Myanmar, The Rev, Asset, SME, Quarter, Risk-weighted asset, Common equity, BYMA, IOL, QR, NPL, NIM, Bank

Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and twelve-months period ended December 31, 2023.

Key Points: 
  • Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and twelve-months period ended December 31, 2023.
  • Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”) as established by the Central Bank.
  • Commenting on fourth quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We closed the year with a strong quarter delivering record high ROAE of 27% in real terms, even as we navigate a complex macro and political environment characterized by high inflation, market volatility, and weak loan demand.
  • The total NPL ratio was 1.2% in 4Q23 improving 230 and 50 bps from 3.5% in 4Q22 and 1.7% in 3Q23, respectively.

GoodRx Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024
Health, Technology, Health Insurance, General Health, Internet, Pharmaceutical, GoodRx, HCP, Repurchase agreement, Share repurchase, Macs, Marketing, Gold, Adjustment, IPO, Interim, Advertising, GAAP, Partnership, Pharmaceutical industry

GoodRx Holdings, Inc. (Nasdaq: GDRX) (“GoodRx” or the “Company”), the leading destination for prescription savings in the U.S., has released its financial results for the fourth quarter and full year 2023, which are consistent with its preliminary results announced on January 10, 2024.

Key Points: 
  • GoodRx Holdings, Inc. (Nasdaq: GDRX) (“GoodRx” or the “Company”), the leading destination for prescription savings in the U.S., has released its financial results for the fourth quarter and full year 2023, which are consistent with its preliminary results announced on January 10, 2024.
  • Revenue excluding the $10.0 million client contract termination payment represents Adjusted Revenue for the third quarter and full year 2023.
  • Kroger Savings Club revenue was over $1 million less in the fourth quarter of 2023 than in the prior year period.
  • The prior year quarter included over $2 million of revenue related to vitaCare, whereas in the fourth quarter of 2023 there was essentially none.