Option

Arena Pharmaceuticals Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Retrieved on: 
Wednesday, May 20, 2020
Law, Private law, Inheritance, Labour law, Property law, Vesting, Option

The inducement stock options and RSUs have a grant date and vesting commencement date of May 15, 2020, and were granted as inducements material to the new employees entering into employment with Arena in accordance with Nasdaq Listing Rule 5635(c)(4).

Key Points: 
  • The inducement stock options and RSUs have a grant date and vesting commencement date of May 15, 2020, and were granted as inducements material to the new employees entering into employment with Arena in accordance with Nasdaq Listing Rule 5635(c)(4).
  • The inducement stock options and inducement RSUs are subject to the terms and conditions of Arena's Amended and Restated 2017 Long-Term Incentive Plan.
  • Arena Pharmaceuticals is uniquely positioned to develop best-in-disease medicines with optimized efficacy and safety for patients globally.
  • Arena disclaims any intent or obligation to update these forward-looking statements, other than as may be required under applicable law.

Squad Solar City Car launches design update with Doors and Airco options

Retrieved on: 
Wednesday, May 20, 2020
Door, Feedback, Option, SolarCity, California, San Francisco Bay Area

AMSTERDAM, May 20, 2020 /PRNewswire/ --Squad Mobility has today released the design update of her Squad Solar City Car.

Key Points: 
  • AMSTERDAM, May 20, 2020 /PRNewswire/ --Squad Mobility has today released the design update of her Squad Solar City Car.
  • Most noticeable changes are two new door options; half doors for splash reduction and full doors with windows offering full weather protection.
  • Besides the design update, Squad Mobility now also offers two extra pre-order options, a 50 option and even a 5 option for countries outside the European Union.
  • Of course we listened carefully to the valuable feedback and today we are proud to unveil our updated Squad Solar City Car range with a choice of doors and even airconditioning for various use cases.

Edenred now owns 100% of UTA

Retrieved on: 
Tuesday, May 19, 2020
Corporate finance, Stock market, Equity securities, Financial economics, Finance, Edenred, Shareholders, Share, Option, Equity

The increase to full ownership followed the exercise of a put option on an additional 17% of outstanding shares by the Eckstein family, co-founders of UTA.

Key Points: 
  • The increase to full ownership followed the exercise of a put option on an additional 17% of outstanding shares by the Eckstein family, co-founders of UTA.
  • After acquiring an initial equity interest in 2015, Edenred became UTAs majority shareholder in 2017 and continued to gradually raise its stake to 83% by June 2018.
  • Today, UTA is a driving force in Edenreds growth strategy for its Fleet & Mobility Solutions business in Europe.
  • Antoine Dumurgier, Edenreds Chief Operating Officer Fleet & Mobility Solutions, said: This transaction represents the final stage in UTAs gradual integration at Edenred.

Spectral Announces First Quarter Results

Retrieved on: 
Friday, May 15, 2020
Medical specialties, Medicine, Health, Contract law, Option, Sepsis

TORONTO, May 15, 2020 (GLOBE NEWSWIRE) -- Spectral Medical Inc., (TSX: EDT), a late stage theranostic company advancing therapeutic options for sepsis and septic shock, today announced its financial results for the first quarter ended March 31, 2020.

Key Points: 
  • TORONTO, May 15, 2020 (GLOBE NEWSWIRE) -- Spectral Medical Inc., (TSX: EDT), a late stage theranostic company advancing therapeutic options for sepsis and septic shock, today announced its financial results for the first quarter ended March 31, 2020.
  • Operating costs for the quarter ended March 31, 2020, were $4,056,000 compared to $1,540,000 for the corresponding period in 2019.
  • In addition, there was an increase in share compensation expense, as share options were granted in the first quarter of 2020.
  • Loss for the quarter ended March 31, 2020 was $3,425,000 ($0.015 per share) compared to a loss of $993,000 ($0.004 per share) for the same quarter last year.

Mega Uranium to Option Ben Lomond & Georgetown Properties

Retrieved on: 
Thursday, May 14, 2020
Geography of Australia, States and territories of Australia, Mountains and hills of Scotland, Lomond, Option

The purchase of the Ben Lomond property is also subject to contingent payments to Mega of up to $2,385,000, if the monthly average spot price of uranium reaches US$50, US$75 and US$100, prior to or after closing of Ben Lomond sale.

Key Points: 
  • The purchase of the Ben Lomond property is also subject to contingent payments to Mega of up to $2,385,000, if the monthly average spot price of uranium reaches US$50, US$75 and US$100, prior to or after closing of Ben Lomond sale.
  • If the option is exercised, completion of the sale of the Ben Lomond property will be subject to the satisfaction of various conditions.
  • If the Ben Lomond Option is exercised, Mega can exercise the Georgetown Option and sell the Georgetown property to NX for a price of $500,000, payable in cash or common shares of NX (under certain circumstances), and reimbursement to Mega of expenditures in respect of the property since the execution of the option agreement.
  • Mega has owned the Ben Lomond and Georgetown properties since 2005 and operated them under care and maintenance for several years, while the price of uranium has remained depressed.

With Economic Uncertainty, Lincoln Expands Indexed Variable Annuity Options to Deliver Added Portfolio Protection Options for Investors

Retrieved on: 
Thursday, May 14, 2020
Other Consumer, Consulting, Consumer, Professional services, Insurance, Annuities, Actuarial science, Finance, Money, Economy, Retirement, Insurance in the United States, United States contract law, Life annuity, Lincoln National Corporation, Lincoln Motor Company, Option, Lincoln Level Advantage, Lincoln Financial Group

Lincoln agrees with this forecast and has prioritized the development of its own solution through greater optionality, transparency and competitive options.

Key Points: 
  • Lincoln agrees with this forecast and has prioritized the development of its own solution through greater optionality, transparency and competitive options.
  • Lincoln Level Advantage is a product that can help investors face todays market uncertainty with greater confidence, says Brian Kroll, head of Annuity Solutions at Lincoln Financial Group.
  • Our goal is to offer multiple options and features within this solution that can meet the diverse needs investors have for market performance and downside protection.
  • Lincoln Level Advantage indexed variable annuity is a long-term investment product designed for retirement purposes.

Plug Power Inc. Announces Pricing of Offering of $200.0 Million of Convertible Senior Notes

Retrieved on: 
Thursday, May 14, 2020
Financial markets, Stock market, SEC Rule 144A, Securities Act, Security, Qualified institutional buyer, Plug, Convertible security, Option

LATHAM, N.Y., May 14, 2020 (GLOBE NEWSWIRE) -- Plug Power Inc. (Plug Power) (NASDAQ: PLUG) today announced the pricing of $200.0 million aggregate principal amount of 3.75% Convertible Senior Notes due 2025 (the notes) in a private offering (the offering) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act).

Key Points: 
  • LATHAM, N.Y., May 14, 2020 (GLOBE NEWSWIRE) -- Plug Power Inc. (Plug Power) (NASDAQ: PLUG) today announced the pricing of $200.0 million aggregate principal amount of 3.75% Convertible Senior Notes due 2025 (the notes) in a private offering (the offering) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act).
  • Plug Power also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $30.0 million aggregate principal amount of the notes.
  • Plug Power may not redeem the notes prior to June 5, 2023; on or after June 5, 2023, Plug Power may redeem the notes only upon the occurrence of certain events and during certain periods.
  • In connection with the pricing of the notes, Plug Power entered into capped call transactions with one of the initial purchasers of the notes and another financial institution (the option counterparties).

Vector Group Announces Proposed Public Offering of 5,000,000 Shares of Common Stock

Retrieved on: 
Wednesday, May 13, 2020
REIT, Retail, Residential Building & Real Estate, Tobacco, Construction & Property, Financial economics, Finance, Money, Corporate finance, Stock market, Financial markets, Equity securities, Shelf registration, Stock, Option, Public offering

Vector Group Ltd. (NYSE: VGR) today announced that it has commenced an underwritten public offering (the Offering) of 5,000,000 shares of its common stock.

Key Points: 
  • Vector Group Ltd. (NYSE: VGR) today announced that it has commenced an underwritten public offering (the Offering) of 5,000,000 shares of its common stock.
  • All of the shares to be sold in the Offering will be offered by Vector Group.
  • Vector Group expects to grant the underwriter a 30-day option to purchase up to an additional 750,000 shares of Vector Groups common stock at the Offering price.
  • The shares of Vector Groups common stock will be issued pursuant to an effective automatic shelf registration statement on Form S-3.

COMSTOCK RESOURCES ANNOUNCES COMMON STOCK OFFERING

Retrieved on: 
Wednesday, May 13, 2020
Financial markets, Finance, Stock market, Financial economics, Corporate finance, Stock exchange, Stock, Citigroup, Option

Frisco, TX, May 13, 2020 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE: CRK) (Comstock or the Company) announced today that it has commenced an underwritten public offering of 40 million shares of its common stock (the Common Stock Offering).

Key Points: 
  • Frisco, TX, May 13, 2020 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE: CRK) (Comstock or the Company) announced today that it has commenced an underwritten public offering of 40 million shares of its common stock (the Common Stock Offering).
  • Comstock also intends to grant the underwriters a 30-day option to purchase up to 6 million additional shares of common stock.
  • Citigroup is acting as the sole book-running manager and representative of the underwriters for the offering.
  • The Company's stock is traded on the New York Stock Exchange under the symbol CRK.

Cloudflare, Inc. Announces Proposed Private Offering of $500 Million of Convertible Senior Notes Due 2025

Retrieved on: 
Tuesday, May 12, 2020
Networks, Internet, Data management, Technology, Software, Internet companies, Internet, Convertible security, Option, Cloudflare, Promissory note, Computer networking

Cloudflare also expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $75 million aggregate principal amount of the notes.

Key Points: 
  • Cloudflare also expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $75 million aggregate principal amount of the notes.
  • The notes will be senior, unsecured obligations of Cloudflare, and will bear interest payable semi-annually in arrears.
  • The notes will be convertible into cash, shares of Cloudflares Class A common stock, or a combination thereof, at Cloudflares election.
  • The interest rate, conversion rate, and other terms of the notes are to be determined upon pricing of the offering.