Preferred stock

HEXO Announces Closing of Non-Brokered Private Placement and Amendments to Arrangement Agreement and Waiver and Amendment Agreement

Retrieved on: 
Thursday, June 1, 2023
Cannabis, Natural Resources, Consent, Senior, Private, Redemption, Service, Model Business Corporation Act, Committee, Arrangement, Preferred stock, Release, Waiver, Private placement, VWAP, Risk, Indian stock exchange, SEDAR, TSX, News, Security (finance), Tilray, Amendment

US$13,500,000 was also deposited into escrow by the investor (the “Escrowed Amount”) representing the second tranche of the Private Placement.

Key Points: 
  • US$13,500,000 was also deposited into escrow by the investor (the “Escrowed Amount”) representing the second tranche of the Private Placement.
  • In connection with the Arrangement Amendments, HEXO and Tilray have also agreed to amend the Waiver and Amendment Agreement entered into on April 10, 2023 (“Waiver and Amendment Agreement”).
  • HEXO is not required to make any further payment to Tilray from the aggregate gross proceeds received under the Private Placement.
  • Canaccord Genuity Corp. and ATB Capital Markets Inc. acted as financial advisors to the Company with respect to the Private Placement.

Tri-Continental Corporation Declares Second Quarter Distribution

Retrieved on: 
Thursday, May 18, 2023
Consulting, Asset Management, Professional Services, Finance, NCUA, Common stock, Ameriprise Financial, Policy, FDIC, Preferred stock, Prospectus, Investment, Risk, Columbia, FINRA, Security (finance), NYSE, Holding company, Bank, Financial adviser, Columbia Threadneedle Investments, Corporation

Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a second quarter ordinary income distribution of $0.2864 per share of Common Stock and $0.6250 per share of Preferred Stock.

Key Points: 
  • Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a second quarter ordinary income distribution of $0.2864 per share of Common Stock and $0.6250 per share of Preferred Stock.
  • In addition, the Corporation declared a total long-term capital gain distribution of $0.0434 per share of Common Stock.
  • The $0.2864 per share ordinary income distribution and the $0.0434 per share capital gain distribution on the Common Stock is in accordance with the Corporation’s distribution policy.
  • The Corporation’s current distributions (as estimated by the Corporation based on current information) are from the earnings and profits of the Corporation.

Super League Announces Private Placement to Fund Growth Initiatives

Retrieved on: 
Monday, May 15, 2023
8-K, Preferred stock, Sale, SLGG, Sumathi Best Television Current Reporting Award, Super League, Security (finance), Convertible

The capital was raised from both existing and new investors and was used to extinguish the Company’s debt and fund ongoing operations and growth initiatives.

Key Points: 
  • The capital was raised from both existing and new investors and was used to extinguish the Company’s debt and fund ongoing operations and growth initiatives.
  • “Completing this financing was vital to support Super League’s long-term growth strategy.
  • We significantly enhanced our balance sheet, while obtaining the necessary capital to fund operations and fuel our near-term growth initiatives,” said Ann Hand, CEO of Super League.
  • Participants in the offering include existing investors, new investors, and affiliates of the placement agent.

FG Financial Group, Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A

Retrieved on: 
Friday, May 12, 2023
Professional Services, Finance, SPAC, Partnership, Acquisition, Preferred stock, Investment, Nature, Risk, Fundamental, FGF, Cryptocurrency, Roman Catholic Diocese of La Crosse

FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on March 15, 2023, and ending on June 14, 2023.

Key Points: 
  • FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on March 15, 2023, and ending on June 14, 2023.
  • The dividend is payable on June 15, 2023, to holders of record on June 1, 2023.
  • The Preferred Stock is currently listed on the Nasdaq Stock Market and trades under the ticker symbol “FGFPP”.
  • In particular, discussions and statements regarding the Company’s future business plans and initiatives are forward-looking in nature.

Venus Concept Announces 1-for-15 Reverse Stock Split

Retrieved on: 
Thursday, May 11, 2023
Venus, Exercise, Reverse stock split, Bangladesh Securities and Exchange Commission, Security (finance), Preferred stock

TORONTO, May 11, 2023 (GLOBE NEWSWIRE) --  Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, today announced that its Board of Directors approved a 1-for-15 reverse stock split of the Company’s issued and outstanding common stock (the “Reverse Stock Split”).

Key Points: 
  • TORONTO, May 11, 2023 (GLOBE NEWSWIRE) --  Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, today announced that its Board of Directors approved a 1-for-15 reverse stock split of the Company’s issued and outstanding common stock (the “Reverse Stock Split”).
  • The Company’s common stock will continue to trade under the symbol “VERO.”
    As a result of the Reverse Stock Split, every 15 shares of the Company’s common stock issued and outstanding will be automatically reclassified into one new share of common stock.
  • The Reverse Stock Split will not modify any rights or preferences of the shares of the Company’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 nor will it change the authorized shares of Preferred Stock or the relative voting power of such holders of our outstanding common stock and Preferred Stock.

DarioHealth Announces $14.3 Million Private Placement

Retrieved on: 
Tuesday, May 2, 2023
Sale, Preferred stock, Avenue Capital Group, Exercise, Conversion, Security (finance)

NEW YORK, May 2, 2023 /PRNewswire/ -- DarioHealth Corp. (Nasdaq: DRIO) ("Dario" or the "Company"), a leader in the global digital health market, today announced the pricing of a $14.3 million private placement of convertible preferred stock, priced at the market under Nasdaq rules, with significant participation by select members of leadership, the Board and existing investors. The Company also announced the re-financing of its existing credit facility. As a result, Proforma cash balance as of the end of first quarter of 2023 inclusive of the private placement funds and refinanced loan  is $60 million.  Together, these actions are expected to extend the Company's cash runway through late 2025, based on its current operating plan. The private placement is expected to close on or before May 3, 2023.

Key Points: 
  • As a result, Proforma cash balance as of the end of first quarter of 2023 inclusive of the private placement funds and refinanced loan  is $60 million.
  • The private placement is expected to close on or before May 3, 2023.
  • Additionally, the refinancing of our existing credit facility will save approximately six million dollars annually in amortization expenses.
  • The Company also announced today that it has successfully refinanced its existing $25 million credit facility with a new $30 million credit facility provided by funds affiliated with Avenue Capital Group.

Steel Partners and Steel Connect Close Exchange Transaction

Retrieved on: 
Monday, May 1, 2023
Supply Chain Management, Retail, Other Energy, Manufacturing, Energy, Other Manufacturing, LLP, Steel Connect, SPLP, Imperial Capital, Strategic planning, Partner, White & Case, Preferred stock, Sale, Transaction, STCN, Steel, White, NYSE, Security (finance)

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“Steel Partners”) and Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) today announced that Steel Partners and certain of its affiliates (the “Steel Partners Group”) have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the “Preferred Stock”, and, such transfer and related transactions, the “Transaction”).

Key Points: 
  • Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“Steel Partners”) and Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) today announced that Steel Partners and certain of its affiliates (the “Steel Partners Group”) have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the “Preferred Stock”, and, such transfer and related transactions, the “Transaction”).
  • Upon approval by the Steel Connect stockholders pursuant to NASDAQ Marketplace Rules, the Preferred Stock will be convertible into an aggregate of 184,891,318 shares of Steel Connect common stock, and will vote together with the Steel Connect common stock and participate in any dividends paid on the Steel Connect common stock, in each case on an as-converted basis.
  • Upon conversion of the Preferred Stock, the Steel Partners Group would hold approximately 85.12% of the outstanding equity interests of Steel Connect.
  • Steel Connect and Steel Partners also entered into a Stockholders’ Agreement on April 30, 2023 that includes, among other things, provisions relating to certain governance and voting matters following the closing of the Transaction.

Steel Partners and Steel Connect Close Exchange Transaction

Retrieved on: 
Monday, May 1, 2023
Other Manufacturing, Steel, Finance, Other Energy, Transport, Professional Services, Manufacturing, Energy, Logistics, Supply Chain Management, LLP, Steel Connect, SPLP, Imperial Capital, Strategic planning, Partner, White & Case, Preferred stock, Sale, Transaction, STCN, White, NYSE, Security (finance)

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“Steel Partners”) and Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) today announced that Steel Partners and certain of its affiliates (the “Steel Partners Group”) have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the “Preferred Stock”, and, such transfer and related transactions, the “Transaction”).

Key Points: 
  • Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“Steel Partners”) and Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) today announced that Steel Partners and certain of its affiliates (the “Steel Partners Group”) have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the “Preferred Stock”, and, such transfer and related transactions, the “Transaction”).
  • Upon approval by the Steel Connect stockholders pursuant to NASDAQ Marketplace Rules, the Preferred Stock will be convertible into an aggregate of 184,891,318 shares of Steel Connect common stock, and will vote together with the Steel Connect common stock and participate in any dividends paid on the Steel Connect common stock, in each case on an as-converted basis.
  • Upon conversion of the Preferred Stock, the Steel Partners Group would hold approximately 85.12% of the outstanding equity interests of Steel Connect.
  • Steel Connect and Steel Partners also entered into a Stockholders’ Agreement on April 30, 2023 that includes, among other things, provisions relating to certain governance and voting matters following the closing of the Transaction.

VERB Announces Stockholder Approved Reverse Split

Retrieved on: 
Tuesday, April 18, 2023
Transfer, Exercise, Proposal, Preferred stock, SALT, Bangladesh Securities and Exchange Commission, Trust, Special, Form, CUSIP, Security (finance)

NEWPORT BEACH, Calif. and SALT LAKE CITY, April 18, 2023 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales-enablement applications, including MARKET.live , its livestream social shopping platform, today announced that its Board of Directors authorized the stockholder approved 1-for-40 reverse stock split of its common stock shares and that the common stock shares will begin trading on a split-adjusted basis at the commencement of trading April 19, 2023.

Key Points: 
  • NEWPORT BEACH, Calif. and SALT LAKE CITY, April 18, 2023 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales-enablement applications, including MARKET.live , its livestream social shopping platform, today announced that its Board of Directors authorized the stockholder approved 1-for-40 reverse stock split of its common stock shares and that the common stock shares will begin trading on a split-adjusted basis at the commencement of trading April 19, 2023.
  • The Company expects that the stockholder approved reverse stock split will increase the market price per share of the Company's common stock, bringing the Company into compliance with The Nasdaq Capital Market's $1.00 minimum bid price listing requirement.
  • Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the reverse stock split, and will not be required to take any action in connection with the reverse stock split.
  • Any fractional shares created as a result of the reverse stock split will be rounded up to the nearest whole share for each stockholder.

Walls & Futures REIT PLC: Sale of Pax Homes Limited

Retrieved on: 
Saturday, April 15, 2023
Preferred stock, EU, PHL, MAR, IP, Ticker, GM, Investment, Spectrum, Security (finance)

Walls & Futures REIT PLC: Sale of Pax Homes Limited

Key Points: 
  • Walls & Futures REIT PLC: Sale of Pax Homes Limited
    THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
  • Walls & Futures REIT plc (Ticker: WAFR), the Ethical Housing Investor and Developer, announces that further to the proposals approved at the general meeting of the Company’s shareholders held on 23 February 2023 (the “GM”), the Company has sold the ordinary share capital of Pax Homes Limited (“PHL”) to Joe McTaggart, Chief Executive of the Company.
  • Immediately following the Share Sale, the intellectual property relating to Pax Homes (the “IP”), a specially designed home that will improve the lives of people with autism and their families (see the announcement of 10 March 2022), was sold to PHL (the “IP Sale”).
  • In addition, the Company had to date expensed non-capitalised costs amounting to approximately £2,500 in relation to Pax Homes.