Convertible | Jotup

CenterPoint Energy, Inc. Announces Offering of $900 Million of Convertible Senior Notes Due 2026

Retrieved on:

Tuesday, August 1, 2023

Energy, Utilities, Oil, Gas, Note, Centerpoint, SEC Rule 144A, Debt-to-GDP ratio, Person, CNP, Electric Bond and Share Company v. Securities and Exchange Commission, Sale, CenterPoint Energy, Risk, Security (finance), NYSE, Convertible

In addition, CenterPoint Energy intends to grant the initial purchasers of the convertible notes in the offering the option to purchase up to an additional $100 million aggregate principal amount of convertible notes within a 13-day period beginning on, and including, the date on which the convertible notes are first issued.

Key Points:

In addition, CenterPoint Energy intends to grant the initial purchasers of the convertible notes in the offering the option to purchase up to an additional $100 million aggregate principal amount of convertible notes within a 13-day period beginning on, and including, the date on which the convertible notes are first issued.
The convertible notes will be senior, unsecured obligations of CenterPoint Energy.
The convertible notes will mature on August 15, 2026, unless earlier converted or repurchased.
Prior to May 15, 2026, the convertible notes will be convertible only upon the occurrence of certain events and during certain periods.

Change in the number of shares and votes in Starbreeze AB

Retrieved on:

Monday, July 31, 2023

Financial instrument, Convertible, Digital Bros, Security (finance)

During the current month, conversions of series A shares to series B shares have resulted in a changed number of shares and votes in Starbreeze.

Key Points:

During the current month, conversions of series A shares to series B shares have resulted in a changed number of shares and votes in Starbreeze.
Furthermore, during the current month, Digital Bros S.p.A. ("Digital Bros") converted the total outstanding loan amount of approximately SEK 215 million of convertible 2016/2021:1 (the "Convertible Loan") into series B shares in Starbreeze, which has also resulted in a changed number of shares and votes in Starbreeze.
As a result of the conversion of the Convertible Loan, the number of Series B shares increased by 148,311,724.
The total number of registered shares in the company as of July 31, 2023, amounts to 1,476,762,040 shares, of which 251,608,794 shares of series A and 1,225,153,246 shares of series B.

McPherson College Exceeds Double Match Challenge – Establishing A Future $1,500,000,000 Endowment – Largest in U.S. For A Small Liberal Arts College

Retrieved on:

Friday, July 21, 2023

The McPherson College Board of Trustees also voted unanimously to name the McPherson College endowment after two late alumni and professors at McPherson College, Drs.

Key Points:

The McPherson College Board of Trustees also voted unanimously to name the McPherson College endowment after two late alumni and professors at McPherson College, Drs.
The total funding of $1,592,000,000 will result in the largest endowment of any small liberal arts college in the United States.
“Today is historic, not just for McPherson College, but for all small liberal arts colleges in America,” said Schneider.
There has never been a better day to be a part of the McPherson College community!”
At its most recent meeting, the McPherson College Board of Trustees named the McPherson College Endowment the Ward-Burkholder Endowment.

Liberty Media Announces Adjustment to the Media Component of the Securities Basket for its 1.375% Cash Convertible Senior Notes Due 2023

Retrieved on:

Thursday, July 20, 2023

Liberty Media Corporation (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK) (“Liberty”) today announced an adjustment to the Media Component (as defined in the Supplemental Indenture, dated as of April 15, 2016 (the “Supplemental Indenture”), between Liberty and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee) of the Securities Basket underlying its 1.375% Cash Convertible Senior Notes due 2023 (the “Cash Convertible Notes”).

Key Points:

Liberty Media Corporation (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK) (“Liberty”) today announced an adjustment to the Media Component (as defined in the Supplemental Indenture, dated as of April 15, 2016 (the “Supplemental Indenture”), between Liberty and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee) of the Securities Basket underlying its 1.375% Cash Convertible Senior Notes due 2023 (the “Cash Convertible Notes”).
The Media Component is now 0.2547 of a share of Series A Liberty Formula One Common Stock.
The adjustment to the Media Component was made pursuant to Section 12.04(c) of the Supplemental Indenture for the Cash Convertible Notes.
In accordance with Section 12.04(c) of the Supplemental Indenture for the Cash Convertible Notes, the Media Component adjustment became effective immediately prior to the open of business on July 20, 2023.

Osisko Metals Announces Successful Closing of Previously-Announced Acquisition of the Gaspé Copper Project

Retrieved on:

Monday, July 17, 2023

Robert Wares, Chairman & CEO of Osisko Metals, commented: "The acquisition of the Gaspé Copper Project is a milestone for the Company that provides shareholders with significant copper exposure in the mining-friendly province of Québec.

Key Points:

Robert Wares, Chairman & CEO of Osisko Metals, commented: "The acquisition of the Gaspé Copper Project is a milestone for the Company that provides shareholders with significant copper exposure in the mining-friendly province of Québec.
Glencore did not own or control, directly or indirectly, any securities of Osisko Metals immediately prior to the closing of the Transaction.
Osisko Metals will make a cash payment of US$20.0 million to Glencore upon the commencement of commercial production at Gaspé Copper.
Osisko Metals has entered into an offtake agreement with Glencore to purchase 100% of the concentrates produced at Gaspé Copper.

ICR to Host Virtual Industry Outlook on Healthcare Finance Landscape

Retrieved on:

Monday, July 17, 2023

Professional Services, Health, Communications, Other Health, Finance, Consulting, Public Relations, Investor Relations, PIPES, Environment, ICR, Capital market, Convertible

ICR, a leading strategic communications and advisory firm, today announced that it will host a virtual ICR Industry Outlook focused on the healthcare finance landscape on Friday, July 21, 2023 at 12:00 PM ET.

Key Points:

ICR, a leading strategic communications and advisory firm, today announced that it will host a virtual ICR Industry Outlook focused on the healthcare finance landscape on Friday, July 21, 2023 at 12:00 PM ET.
The event will convene key thought leaders focused on healthcare equity capital markets, who will address important issues and considerations for healthcare companies in a challenging financing environment.
“This discussion will be very timely as those conditions evolve and more healthcare companies weigh their financing options, from private fundraising to initial public offerings and beyond.
We look forward to the insights that this carefully curated group of healthcare finance leaders will offer attendees.”
For more information and to register for the event, please visit:

LION ELECTRIC ANNOUNCES FINANCING TRANSACTIONS FOR APPROXIMATE AGGREGATE GROSS PROCEEDS OF US$142 MILLION

Retrieved on:

Monday, July 17, 2023

Combined financing transactions representing aggregate gross proceeds of approximately US$142 million provides flexibility to execute growth plans;

Key Points:

Combined financing transactions representing aggregate gross proceeds of approximately US$142 million provides flexibility to execute growth plans;
Company to extend the maturity of its senior credit facilities by one year to August, 2025 concurrently with closing;
Company to cancel its ATM program.
MONTREAL, July 17, 2023 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that the Company has entered into subscription agreements with investors contemplating concurrent financing transactions for aggregate gross proceeds to the Company of approximately US$142 million (the "Financing").
"This financing transaction represents a key milestone for Lion, as it provides us with flexibility to execute our growth plans.
assuming only IQ converts its Convertible Debentures into Common Shares and no other share issuance by the Company), prior to the date of closing of the Financing.

BTIG Investment Banking Adds Forrest Koenig, CFA as Head of Equity-Linked Capital Markets

Retrieved on:

Thursday, July 13, 2023

Banking, Professional Services, Finance, Piper Sandler Companies, Initial public offering, Convertible, Knowledge, Investment banking, Entrepreneurship, Wall Street, ATM, Capital market, Roman Catholic Diocese of La Crosse, Security (finance)

BTIG announced today that it has hired Forrest Koenig as Managing Director and Head of Equity-Linked Capital Markets within its Investment Banking division.

Key Points:

BTIG announced today that it has hired Forrest Koenig as Managing Director and Head of Equity-Linked Capital Markets within its Investment Banking division.
Prior to BTIG, he was a Managing Director and Head of Convertible and Equity-Linked Capital Markets at JMP Securities.
“We are excited to welcome Forrest to our leadership team as the Head of Equity-Linked Capital Markets,” said Scott Kovalik, Co-Founder and Chief Executive Officer of BTIG.
“His extensive knowledge of the industry and wide-ranging professional connections make him an excellent fit for the firm as we continue to build out our investment banking and capital markets divisions.”
BTIG’s investment banking products include mergers and acquisitions, capital markets advisory, IPOs, follow-on offerings, ATMs, SPACs, private placements, convertibles, debt, buybacks, liquidity solutions, venture capital, private equity and private capital.

Median Technologies Reports Its Business Activity for the First Half of 2023 and Announces the First Step of Its Refinancing Plan

Retrieved on:

Wednesday, July 12, 2023

Median Technologies (Euronext Growth - ALMDT) reports today its business indicators for the first half of 2023 for the iCRO activity (non-audited figures) and the iBiopsy® activity.

Key Points:

Median Technologies (Euronext Growth - ALMDT) reports today its business indicators for the first half of 2023 for the iCRO activity (non-audited figures) and the iBiopsy® activity.
"When it comes to our iBiopsy® LCS CADe/CADx Software as Medical Device, the design of our pivotal validation plan has been finalized since March 2023.
In Q2 2023, the Company's revenue stands at €5.8M, up by 3.6% from Q1 2023 and 13.7% compared to Q4 2022 revenue.
As at June 30, 2023, Median Technologies' cash and cash equivalents stand at €8.3M, compared to €13.1M at March 31, 2023, i.e.

SOPERIOR FERTILIZER PROVIDES UPDATE ON NOTICE OF DEFAULT

Retrieved on:

Tuesday, July 11, 2023

TSX Venture Exchange, JV, SOP, National Social Security Fund (Kenya), NEX, Convertible

Toronto, ON, Canada, July 11, 2023 (GLOBE NEWSWIRE) -- SOPerior Fertilizer Corp. (the “Company” or “SOP”) (NEX:SOP.H).

Key Points:

Toronto, ON, Canada, July 11, 2023 (GLOBE NEWSWIRE) -- SOPerior Fertilizer Corp. (the “Company” or “SOP”) (NEX:SOP.H).
On June 29, 2023 the Company received a notice of default from Lind Asset Management VII, LLC, a fund managed by The Lind Partners, LLC (collectively, “Lind”) with respect to its Convertible Security Funding Agreement dated December 16, 2016, as amended (the “CSFA”).
Lind’s default notice is requesting that the Company pay the principal and interest due and outstanding under the CSFA.
Although the Company’s proposed JV partner, Argos Investment Partners, had informed SOP that it was committed to remedying the default notice by the July 10, 2023 deadline, it failed to do so.