Corporate action

AeroCentury Corp. Announces Details Regarding Special Dividend in Connection with Chapter 11 Exit

Wednesday, September 22, 2021 - 10:00pm

BURLINGAME, Calif., Sept. 22, 2021 (GLOBE NEWSWIRE) -- In connection with AeroCentury Corp.s (the Company) impending exit from Chapter 11 reorganization, as set forth in the Combined Disclosure Statement and Joint Chapter 11 Plan of Reorganization of AeroCentury Corp, and Its Affiliated Debtors Docket No.

Key Points: 
  • BURLINGAME, Calif., Sept. 22, 2021 (GLOBE NEWSWIRE) -- In connection with AeroCentury Corp.s (the Company) impending exit from Chapter 11 reorganization, as set forth in the Combined Disclosure Statement and Joint Chapter 11 Plan of Reorganization of AeroCentury Corp, and Its Affiliated Debtors Docket No.
  • The record date for the Dividend will be September 30, 2021, which is the anticipated effective date of the Plan.
  • About AeroCentury: AeroCentury is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines.
  • Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

EO Charging Bolsters Business Development Team With Key Executive Hires to Further Drive International Growth

Tuesday, September 21, 2021 - 9:00am

Earlier this year EO was ranked number 27 on the FTs list of Europes fastest growing companies, the highest-ranked business in the EV sector.

Key Points: 
  • Earlier this year EO was ranked number 27 on the FTs list of Europes fastest growing companies, the highest-ranked business in the EV sector.
  • With a bolstered team and blue-chip clients such as Amazon, DHL, Go-Ahead, Tesco and Uber on its books, EO expects substantial growth again in 2021.
  • The new additions to our business development team will help us realise this ambition as we accelerate our international growth plans.
  • EO Charging previously announced an agreement for a business combination with First Reserve Sustainable Growth Corp. (NASDAQ: FRSG), which is expected to result in EO Charging becoming a public company listed on the NASDAQ exchange.

Tort Claimants' Committee for Boy Scouts of America Bankruptcy Rejects Fifth Amended Plan of Reorganization

Wednesday, September 15, 2021 - 11:30pm

LOS ANGELES, Sept. 15, 2021 /PRNewswire/ --On September 15, 2021, the Official Tort Claimants' Committee (TCC) in the chapter 11 bankruptcy of the Boy Scouts of America (BSA) announced that it does not support the BSA's Fifth Amended Plan of Reorganization, filed today.

Key Points: 
  • LOS ANGELES, Sept. 15, 2021 /PRNewswire/ --On September 15, 2021, the Official Tort Claimants' Committee (TCC) in the chapter 11 bankruptcy of the Boy Scouts of America (BSA) announced that it does not support the BSA's Fifth Amended Plan of Reorganization, filed today.
  • The TCC calls attention to at least three major flaws contained in the BSA's Plan.
  • "As each month passes in this bankruptcy case, the Boy Scouts' Plan becomes less about the survivors and more about how the Boy Scouts will exit bankruptcy at the expense of survivors," added Doug Kennedy, Vice Chair of the TCC.
  • "The Tort Claimants' Committee will oppose the Boy Scouts' Plan and any settlements that fail to compensate survivors fairly."

Completion of sale of RMS

Wednesday, September 15, 2021 - 2:26pm

DMGT manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment.

Key Points: 
  • DMGT manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment.
  • The Group takes a long-term approach to investment and has market-leading positions in consumer media, property information and events & exhibitions.
  • In total, DMGT generates revenues of around 1bn.
  • The terms used under this note 1 have the definitions assigned to them under the Reorganisation Announcement.

Rallybio Corporation Reports Second Quarter 2021 Financial Results and Recent Business Highlights

Thursday, September 9, 2021 - 12:00pm

Based on these results, Rallybio believes that administration of an anti-HPA-1a antibody could be a viable approach for the prevention of FNAIT.

Key Points: 
  • Based on these results, Rallybio believes that administration of an anti-HPA-1a antibody could be a viable approach for the prevention of FNAIT.
  • Rallybio is on-track to initiate a natural history study of FNAIT in the third quarter of 2021.
  • Rallybio plans to announce additional clinical data from the ongoing Phase 1/2 clinical trial of RLYB211 in the fourth quarter of 2021.
  • Second Quarter and First Half 2021 Financial Results:
    Research & Development (R&D) Expenses: R&D expenses were $6.8 million for the second quarter of 2021, compared to $3.1 million for the same period in 2020.

The PMI Group, Inc. Annual Meeting to be Held in Virtual Format Only

Thursday, September 2, 2021 - 8:46pm

As previously announced, the Annual Meeting will be held on Monday, September 13, 2021 at 11:00 a.m., Eastern Time.

Key Points: 
  • As previously announced, the Annual Meeting will be held on Monday, September 13, 2021 at 11:00 a.m., Eastern Time.
  • The Annual Meeting will be held in a virtual meeting format only at https://web.lumiagm.com/258158613 .
  • We expect to resume in-person annual meetings beginning with our 2022 Annual Meeting of Shareholders.
  • You may submit written questions and vote your shares during the Annual Meeting by following the instructions available on the meeting website during the meeting.

GTT Enters into Restructuring Support Agreement with Key Stakeholders to Improve Capital Structure and Execute Business Strategy

Thursday, September 2, 2021 - 11:33am

The agreement places GTT on a path to improve its capital structure and execute its long-term business strategy.

Key Points: 
  • The agreement places GTT on a path to improve its capital structure and execute its long-term business strategy.
  • The Company expects to emerge from this process after obtaining the necessary regulatory approvals for the restructuring.
  • GTT is operating and serving its customers in the U.S. and globally without interruption.
  • Ernie Ortega, Chief Executive Officer of GTT, stated, This global agreement among each of our creditor constituencies resulted from extensive negotiations and reflects the ongoing commitment of our debtholders to the business.

Statement from Members of the Family of the Late Dr. Mortimer Sackler

Wednesday, September 1, 2021 - 11:29pm

Members of the family of the late Dr. Mortimer Sackler commented today on the conditional confirmation of Purdue Pharmas Plan of Reorganization and the accompanying settlement agreement, which has received overwhelming support from U.S. states and local governments, tribes and thousands of private plaintiffs.

Key Points: 
  • Members of the family of the late Dr. Mortimer Sackler commented today on the conditional confirmation of Purdue Pharmas Plan of Reorganization and the accompanying settlement agreement, which has received overwhelming support from U.S. states and local governments, tribes and thousands of private plaintiffs.
  • The statement from members of the family of the late Dr. Mortimer Sackler is as follows:
    We want to express our determination to make a constructive difference through this resolution.
  • While we dispute the allegations that have been made about our family, we have embraced this path in order to help combat a serious and complex public health crisis.
  • We hope that the resolution will signal the beginning of a far-reaching effort to deliver assistance where it is most needed.

Isabella Bank Corporation Commences a Modified Dutch Auction Tender Offer to Repurchase up to $20,000,000 of its Common Stock

Wednesday, September 1, 2021 - 10:49pm

If the Tender Offer is fully subscribed, the Corporation will purchase between 740,741 shares and 869,565, or between 9.32% and 10.94%, respectively, of the Corporation's outstanding Common Stock.

Key Points: 
  • If the Tender Offer is fully subscribed, the Corporation will purchase between 740,741 shares and 869,565, or between 9.32% and 10.94%, respectively, of the Corporation's outstanding Common Stock.
  • A modified "Dutch auction" tender offer allows shareholders to indicate how many shares of Common Stock and at what price within the range described above they wish to tender their shares.
  • The information agent for the Tender Offer is Debra A. Campbell, Secretary, Isabella Bank Corporation, and the depositary is Broadridge Corporate Issuer Solutions, Inc.
  • Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state chartered bank headquartered in Mt.

Completion of Cazoo business combination with AJAX I

Friday, August 27, 2021 - 1:04pm

The Group takes a long-term approach to investment and has market-leading positions in consumer media, insurance risk, property information and events & exhibitions.

Key Points: 
  • The Group takes a long-term approach to investment and has market-leading positions in consumer media, insurance risk, property information and events & exhibitions.
  • Cazoo was founded in 2018 by serial entrepreneur Alex Chesterman OBE and is backed by some of the leading global technology investors.
  • 1 Lord Rothermere, Chairman of DMGT, was an existing Non-Executive Director of Cazoo prior to the business combination and will continue to serve as a Non-Executive Director of Cazoo Group.
  • 2 DMGT invested c.US$25m through participation in the private investment in public equity ('PIPE') and received c.US$30m cash proceeds from the business combination on closing.