CUSIP

Agenus Announces Reverse Stock Split of Common Stock

Retrieved on: 
Friday, April 5, 2024
Infectious Diseases, Health, Oncology, Inc., Shareholder, Book, CUSIP, Security (finance), Equiniti, Index, Cancer, Eastern Time Zone

The reverse stock split is intended to give Agenus greater flexibility in its future financing needs and to increase the per share trading price of Agenus’ common stock to satisfy the minimum price requirement for continued listing on the Nasdaq Capital Markets and to qualify for inclusion in the Russell Indices.

Key Points: 
  • The reverse stock split is intended to give Agenus greater flexibility in its future financing needs and to increase the per share trading price of Agenus’ common stock to satisfy the minimum price requirement for continued listing on the Nasdaq Capital Markets and to qualify for inclusion in the Russell Indices.
  • The reverse stock split affects all issued and outstanding shares of Agenus’ common stock.
  • The par value of the Agenus’ common stock will remain unchanged at $0.01 per share after the reverse stock split.
  • The reverse stock split affects all stockholders uniformly and will not alter any stockholder’s percentage interest in Agenus’ equity, except to the extent that the reverse stock split results in some stockholders receiving cash in lieu of any fractional shares as described below.

Smith Micro Announces 1-for-8 Reverse Stock Split

Retrieved on: 
Wednesday, April 3, 2024
Telecommunications, Software, Audio, Video, Consumer Electronics, Technology, IOT (Internet of Things), VoIP, Mobile, Wireless, Common stock, SMSI, Computershare, CUSIP, Smith Micro Software, Treasury, Stock split, Security (finance)

Smith Micro Software, Inc. (Nasdaq: SMSI) (“Smith Micro” or the “Company”), announced today that the Company’s Board of Directors has approved a 1-for-8 reverse split of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”) (the “Reverse Split”).

Key Points: 
  • Smith Micro Software, Inc. (Nasdaq: SMSI) (“Smith Micro” or the “Company”), announced today that the Company’s Board of Directors has approved a 1-for-8 reverse split of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”) (the “Reverse Split”).
  • The Reverse Split was approved by the Company’s stockholders at a special meeting held on April 3, 2024.
  • The Reverse Split will legally take effect at 11:59 p.m. Eastern Time, on April 10, 2024.
  • The Reverse Split will automatically convert every eight current shares of the Company’s common stock, whether issued and outstanding or held by the Company as treasury stock, into one share of fully paid and nonassessable common stock.

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.

FLEETCOR Announces Rebranding to Corpay

Retrieved on: 
Monday, March 25, 2024
Software, Technology, Payments, CUSIP, Fleetcor

FLEETCOR Technologies, Inc. (NYSE: FLT) (“the Company”) a leading global payments Company, announced today it has rebranded the Company Corpay, Inc.

Key Points: 
  • FLEETCOR Technologies, Inc. (NYSE: FLT) (“the Company”) a leading global payments Company, announced today it has rebranded the Company Corpay, Inc.
  • The name change better reflects the Company’s current portfolio of corporate payment solutions.
  • The Company will begin trading today on the New York Stock Exchange under the new ticker symbol CPAY and the new CUSIP is 219948 106.

Putnam Investments Announces Distribution Rates for Closed-End Funds

Retrieved on: 
Monday, March 25, 2024
Professional Services, Finance, Fund, CUSIP, PPT

Putnam Premier Income Trust (NYSE:PPT) (CUSIP: 746853-10-0)

Key Points: 
  • Putnam Premier Income Trust (NYSE:PPT) (CUSIP: 746853-10-0)
    * Distributions may be comprised of ordinary and/or tax-exempt income, net capital gains and/or a return of capital of your investment in the Fund.
  • The funds periodically provide fund-related information on their websites.
  • The following information will be available for each fund at putnam.com at the frequencies indicated: (1) Full holdings will be available monthly beginning on the 8th business day after the end of each month; (2) Top 10 holdings and additional portfolio statistics will be available monthly, approximately 15 days after month-end.
  • Putnam Investment Management, LLC, the Fund’s manager, is an indirect, wholly-owned subsidiary of Franklin Resources, Inc.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20240325415258/en/

ProShares Announces ETF Share Splits

Retrieved on: 
Wednesday, March 20, 2024
Banking, Professional Services, Finance, CUSIP

Forward splits in phase two will apply to shareholders of record as of market close on April 9, 2024, payable after market close on April 10, 2024.

Key Points: 
  • Forward splits in phase two will apply to shareholders of record as of market close on April 9, 2024, payable after market close on April 10, 2024.
  • All forward splits will be effective prior to market open on April 11, 2024, when the funds will begin trading at their post-split prices.
  • The forward splits will decrease the price per share of each fund, with a proportionate increase in the number of shares outstanding.
  • For example, for a two-for-one split, every pre-split share will result in the receipt of two post-split shares, which will be priced at one-half the net asset value (“NAV”) of a pre-split share.

New Fortress Energy Inc. Announces Early Results of its Cash Tender Offer for its 6.750% Senior Secured Notes due 2025

Retrieved on: 
Tuesday, March 19, 2024
Energy, Utilities, Oil, Gas, CUSIP, Morgan Stanley, Expiration, Date, Tender offer, Tender, Security (finance)

(3) Excludes Accrued Interest, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable.

Key Points: 
  • (3) Excludes Accrued Interest, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable.
  • (4) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
  • (5) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
  • Due to the Tender Offer being fully subscribed as of the Early Tender Date, Notes tendered after the Early Tender Date will not be accepted for purchase pursuant to the Tender Offer.

Guess?, Inc. Reports Fiscal Year 2024 Fourth Quarter Results

Retrieved on: 
Wednesday, March 20, 2024
Online Retail, Fashion, Retail, Footwear, Delivery Services, Generation, GES, Entrepreneurship, EPS, CUSIP, Generation Z, Sale, Acquisition, Table, Clothes horse, Note, GAAP, Government, Video game

For the fourth quarter of the fiscal year ended February 3, 2024 (“fiscal 2024”), the Company recorded GAAP net earnings of $115.3 million, a 20% increase from $95.8 million for the same prior-year quarter.

Key Points: 
  • For the fourth quarter of the fiscal year ended February 3, 2024 (“fiscal 2024”), the Company recorded GAAP net earnings of $115.3 million, a 20% increase from $95.8 million for the same prior-year quarter.
  • The Company’s fourth quarter fiscal 2024 results included 14 weeks, while the fourth quarter of the fiscal year ended January 28, 2023 (“fiscal 2023”) results included 13 weeks.
  • For the fourth quarter of fiscal 2024, the Company’s adjusted net earnings were $110.8 million, a 13% increase from $98.2 million for the same prior-year quarter.
  • Total net revenue for the fourth quarter of fiscal 2024 increased 9% to $891.1 million from $817.8 million in the same prior-year quarter.

Aeva Technologies, Inc.’s Reverse Stock Split Becomes Effective

Retrieved on: 
Monday, March 18, 2024
Hardware, Automotive, Robotics, Consumer Electronics, Technology, Vehicle Technology, Semiconductor, Other Technology, Transfer, Trust, Common, CUSIP, Sale, Exercise, Security (finance)

Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that its previously announced a 1-for-5 reverse stock split of its outstanding shares of common stock became effective as of March 18, 2024 at 4:01 p.m. Eastern Time.

Key Points: 
  • Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that its previously announced a 1-for-5 reverse stock split of its outstanding shares of common stock became effective as of March 18, 2024 at 4:01 p.m. Eastern Time.
  • As a result of the reverse stock split, every five issued and outstanding shares of Aeva’s common stock was automatically reclassified into one issued and outstanding share of Aeva’s common stock.
  • The reverse stock split will not affect the number of authorized shares of common stock or the par value of the common stock.
  • The reverse stock split is primarily intended to increase the per share trading price of Aeva’s common stock in order to meet the NYSE’s price criteria for continued listing.

Enviva Announces Court Approval of DIP and the Commencement of the DIP Syndication Process

Retrieved on: 
Friday, March 15, 2024
Forest Products, Energy, Natural Resources, Other Energy, Enviva, KCC, Common stock, Form 8-K, Telephone, Rule, Date, Inc., CUSIP, DIP, Sale, United States bankruptcy court, Bankruptcy, Suite, Security (finance)

If you are not an Eligible Holder, you may not participate in the Opportunity.

Key Points: 
  • If you are not an Eligible Holder, you may not participate in the Opportunity.
  • Eligible Holders that participate in the Opportunity will be subject to certain restrictions under the DIP Facility Agreement, including with respect to voting and information rights.
  • If you are an Eligible Holder interested in participating in the Opportunity, you must complete copies of the relevant subscription documents.
  • Certain principal terms of the DIP Facility and the Company and certain of its subsidiaries’ contemplated restructuring are set forth in the DIP Facility Agreement, which is available at www.kccllc.com/Enviva (by clicking on the link for “DIP Syndication Materials”).