Sponsor

Nubia Brand International Corp. Confirms Funding and Extension of Deadline to Complete Initial Business Combination

Retrieved on: 
Friday, March 17, 2023
VTB Capital plc v Nutritek International Corp, Sponsor, Financial sponsor, Extension, Cryptocurrency, Security (finance)

Dallas, Texas, March 17, 2023 (GLOBE NEWSWIRE) -- Nubia Brand International Corp. (Nasdaq: NUBI) (the "Company" or “Nubia”) announced today that its sponsor, Mach FM Acquisitions LLC (the "Sponsor"), has timely deposited an additional $1,235,000 (the "Extension Payment") into the Company's trust account for its public stockholders.

Key Points: 
  • Dallas, Texas, March 17, 2023 (GLOBE NEWSWIRE) -- Nubia Brand International Corp. (Nasdaq: NUBI) (the "Company" or “Nubia”) announced today that its sponsor, Mach FM Acquisitions LLC (the "Sponsor"), has timely deposited an additional $1,235,000 (the "Extension Payment") into the Company's trust account for its public stockholders.
  • This deposit enables the Company to extend the date by which the Company has to complete its initial business combination from March 15, 2023 to June 15, 2023 (the "Extension").
  • The Extension provides the Company with additional time to complete its previously announced business combination with Honeycomb Battery Co.
  • The Sponsor loaned the Extension Payment to the Company, which loan is convertible, at the Sponsor's discretion, into warrants identical to the private placement warrants issued in the Company's private placement that was consummated in connection with the Company's initial public offering.

Permianville Royalty Trust Announces Monthly Cash Distribution

Retrieved on: 
Thursday, March 16, 2023
Oil, Gas, Energy, Annual report, Public expenditure, Capital expenditure, Sponsor, Bookkeeping, Trust

Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $2.7 million for the current month on realized wellhead prices of $78.48/Bbl, down $0.3 million from the prior month’s oil cash receipts.

Key Points: 
  • Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $2.7 million for the current month on realized wellhead prices of $78.48/Bbl, down $0.3 million from the prior month’s oil cash receipts.
  • Reported oil production and sales were partially impacted in the current month due to an adjustment attributable to an operator of the Underlying Properties with respect to a period prior to 2022.
  • Recorded natural gas cash receipts from the Underlying Properties totaled $0.9 million for the current month on realized wellhead prices of $4.23/Mcf, down $0.2 million from the prior month.
  • Total accrued operating expenses for the period were $2.2 million, a decrease of $0.2 million from the prior period.

A Reimagined Vision of The Future of Digital Banking

Retrieved on: 
Thursday, March 16, 2023
Creatio, Workforce, Lloyds Banking Group, Financial services, Sponsor, Risk, Ecosystem, BFSI, Organization, System Technology-i Co, Ltd, Thomson Reuters, ServiceNow, UKI, Culture, Entrepreneurship, Dataproducts, Cryptocurrency

This month, Verve Management hosted its 2nd Annual Future Banks Summit MENA, where attendees explored the path to fintech transformation within the region, eventually making it a global leader in finance.

Key Points: 
  • This month, Verve Management hosted its 2nd Annual Future Banks Summit MENA, where attendees explored the path to fintech transformation within the region, eventually making it a global leader in finance.
  • Concerning untapped potential, the region is well-positioned to become a sizeable territory for effective digital banking innovation, which is what key industry professionals focused on throughout the course of the two-day summit.
  • Through digitalization, the banking sector is viable to both innovation and a rise in entrepreneurship; however, some corporations are still wary about going digital due to the high level of risk involved.
  • "Only if technological integration is in line with an organization's vision, true integration can take place," he added.

WinVest Acquisition Corp. Announces Intention to Extend Termination Date

Retrieved on: 
Tuesday, March 14, 2023
Acquisition, United States Army Acquisition Corps, Finance Secretary (India), Sponsor, WINV

Cambridge, MA, March 14, 2023 (GLOBE NEWSWIRE) -- WinVest Acquisition Corp. (NASDAQ: WINV, the “Company”), a special purpose acquisition company, announced today that its Board of Directors (the “Board”) has approved an extension of the period of time available to the Company to consummate an initial business combination by one month from March 17, 2023 to April 17, 2023 (the “Termination Date”), as permitted under the Company’s Amended and Restated Certificate of Incorporation, as amended.

Key Points: 
  • Cambridge, MA, March 14, 2023 (GLOBE NEWSWIRE) -- WinVest Acquisition Corp. (NASDAQ: WINV, the “Company”), a special purpose acquisition company, announced today that its Board of Directors (the “Board”) has approved an extension of the period of time available to the Company to consummate an initial business combination by one month from March 17, 2023 to April 17, 2023 (the “Termination Date”), as permitted under the Company’s Amended and Restated Certificate of Incorporation, as amended.
  • The purpose of the extension is to provide additional time for the Company to complete an initial business combination.
  • Such private warrants will be identical to the private placement warrants issued to the Sponsor at the time of the Company’s initial public offering.
  • The Board may elect to further extend the Termination Date on a monthly basis until June 17, 2023 upon the deposit of an additional $125,000 into the trust account per monthly extension.

Bannix Acquisition Corp. Announces Monthly Extension to Complete its Initial Business Combination

Retrieved on: 
Tuesday, March 14, 2023
Amend, Note, Extension, Sponsor, Security (finance)

WEST HOLLYWOOD, Calif., March 14, 2023 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (“Bannix”) announced today that its board of directors (the “Board”) has decided to extend the date by which Bannix must consummate an initial business combination (the “Deadline Date”) from March 14, 2023 for an additional month, to April 14, 2023.

Key Points: 
  • WEST HOLLYWOOD, Calif., March 14, 2023 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (“Bannix”) announced today that its board of directors (the “Board”) has decided to extend the date by which Bannix must consummate an initial business combination (the “Deadline Date”) from March 14, 2023 for an additional month, to April 14, 2023.
  • On March 9, 2023, Bannix filed the Amended Charter with the Secretary of State of the State of Delaware.
  • In connection with the initial Extension, on March 13, 2023, Bannix issued an unsecured promissory note to the Sponsor with a principal amount equal to $75,000 (the “Note”).
  • The Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of Bannix’s initial business combination, or (b) the date of the liquidation of Bannix.

Integrated Wellness Acquisition Corp Announces Extension of Deadline to Complete Business Combination

Retrieved on: 
Wednesday, March 8, 2023
NYSE, Extension, Sponsor, Shocking (cooking), Pharmaceutical industry

New York, March 08, 2023 (GLOBE NEWSWIRE) -- Integrated Wellness Acquisition Corp (NYSE: WEL) (the “Company”) announced today that its sponsor, IWH Sponsor LP (the “Sponsor”), has requested that the Company extend the date by which the Company has to consummate a business combination from March 13, 2023 to June 13, 2023 (the “Extension”).

Key Points: 
  • New York, March 08, 2023 (GLOBE NEWSWIRE) -- Integrated Wellness Acquisition Corp (NYSE: WEL) (the “Company”) announced today that its sponsor, IWH Sponsor LP (the “Sponsor”), has requested that the Company extend the date by which the Company has to consummate a business combination from March 13, 2023 to June 13, 2023 (the “Extension”).
  • The Extension is the first of two three-month automatic extensions permitted under the Company’s governing documents.
  • In connection with the Extension, the Sponsor has notified the Company that it intends to deposit an aggregate of $1.15 million (representing $0.10 per public share) into the Company’s trust account on or before March 13, 2023.
  • The Extension provides the Company with additional time to complete its initial business combination with Refreshing USA, LLC.

Bannix Acquisition Corp. Announces Clarifies Position on Excise Tax and Rational for Extension Periods

Retrieved on: 
Monday, March 6, 2023
Excise, Inflation Reduction Act of 2022, Business analyst, Extension, Language, Proxy statement, Proxy, Business, Sponsor, Disclosure, Federal telephone excise tax, BNIX, Interest on Lawyer Trust Accounts, Accounting, Inflation, Insurance, Management

WEST HOLLYWOOD, Calif., March 06, 2023 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (NASDAQ: BNIX) (the “Company”) today announced that it is further clarifying its and Instant Fame, LLC (the “Sponsor”) intent with respect to the excise tax liabilities associated with any redemptions.

Key Points: 
  • WEST HOLLYWOOD, Calif., March 06, 2023 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (NASDAQ: BNIX) (the “Company”) today announced that it is further clarifying its and Instant Fame, LLC (the “Sponsor”) intent with respect to the excise tax liabilities associated with any redemptions.
  • As such, the Company will not, under any circumstances, withdraw any amounts from the Trust Account, including interest earned on the Trust Account, to pay for the Excise Tax.
  • As previously stated, if the Extension is implemented, the Company plans to maintain the remaining amount in its trust account in an interest-bearing demand deposit account at a bank.
  • The Board will use its reasonable best efforts to take the initial steps in presenting a potential Business Combination within the next three (3) months.

Global System Dynamics, Inc. Announces Sponsor’s Request for an Additional One-Month Extension to Complete its Initial Business Combination

Retrieved on: 
Monday, March 6, 2023
Technology, Mobile, Wireless, Professional Services, Finance, Sponsor, CFO, GSD, System dynamics, Security (finance)

Global System Dynamics, Inc. (Nasdaq: GSD) (“GSD” or the “Company”) today announced that its sponsor, DarkPulse, Inc. (the “Sponsor“), has requested a one-month extension to complete its initial business combination.

Key Points: 
  • Global System Dynamics, Inc. (Nasdaq: GSD) (“GSD” or the “Company”) today announced that its sponsor, DarkPulse, Inc. (the “Sponsor“), has requested a one-month extension to complete its initial business combination.
  • This additional contribution enables the Company to extend the date by which the Company has to complete its initial business combination for an additional one-month extension from March 9, 2023 to April 9, 2023.
  • Rick Iler, CFO and principal executive officer of GSD, stated, “Our Sponsor has requested another one-month extension to complete its initial business combination.
  • These funds provide for an additional one-month extension, which gives us additional time to advance our business combination efforts.

CATALIST-listed AOXIN Q&M reports lower revenue of RMB 140m for full year ended 31 December 2022

Retrieved on: 
Thursday, March 2, 2023
COVID-19, Sepsis, Exercise, Asset, Instrument, Patient, Public expenditure, City, Sponsor, History, Exchange, Nursing, Colorectal cancer, Dentist, Loss, Government, Collyer Quay, Hospital, PCR, Cryptocurrency, Pharmaceutical industry, Health insurance, Health, Acumen, PRC, Renminbi

This includes days when some clinics could not operate because a substantial number of dentists and nurses were down with Covid themselves.

Key Points: 
  • This includes days when some clinics could not operate because a substantial number of dentists and nurses were down with Covid themselves.
  • The Group's revenue was lower by RMB20.5 million or 12.8% from RMB160.2 million for the financial year ended 31 December 2021 (FY2021) to RMB139.7 million for the financial year ended 31 December 2022 (FY2022).
  • The lower revenue was largely due to the resurgence of Covid-19 in Liaoning Province, PRC in the second and fourth quarters of 2022 which affected all business segments of the Group.
  • Revenue from primary healthcare segment was lower by 7.3% from RMB93.9 million in FY2021 to RMB87.0 million in FY2022.

SCORE Foundation Welcomes New VP of Corporate Sponsorship, Jim Cohen

Retrieved on: 
Thursday, March 2, 2023
Bloomberg Businessweek, Small business, Kowloonbay International Trade & Exhibition Centre, Mentorship, Sponsor, Travel, International trade, Hyves, News, SCORE

WASHINGTON, March 2, 2023 /PRNewswire-PRWeb/ -- The SCORE Foundation, the philanthropic arm of SCORE, the nation's largest network of volunteer, expert business mentors, today announced that Jim Cohen has joined the organization as the Vice President of Corporate Sponsorship on February 21st. He brings 20 years of experience building, maintaining and growing strategic corporate relationships with industry-leading brand partners from around the world.

Key Points: 
  • WASHINGTON, March 2, 2023 /PRNewswire-PRWeb/ -- The SCORE Foundation, the philanthropic arm of SCORE, the nation's largest network of volunteer, expert business mentors, today announced that Jim Cohen has joined the organization as the Vice President of Corporate Sponsorship on February 21st.
  • He brings 20 years of experience building, maintaining and growing strategic corporate relationships with industry-leading brand partners from around the world.
  • "I'm excited to welcome Jim to this strategic revenue-generating position at the SCORE Foundation," said Liz Sara , president.
  • To follow the news about the SCORE Foundation and its collaboration with sponsors, follow us on LinkedIn by clicking here.