Convertible

Immunocore reports fourth quarter and full year 2023 financial results and provides a business update

Retrieved on: 
Wednesday, February 28, 2024
Research, HLA, Nivolumab, Sale, Skin, PRISM, PR, SME, Commercial, PIWIL1, Neoplasm, Research and development, CTA, Melanoma, BMY, HBV, Progression-free survival, Treatment, GMP, Cancer, Bristol Myers Squibb, Convertible, APC, Security (finance), Congress, Circulating tumor DNA, DNA, Immune system, Lung cancer, Total, ESMO, Conference, Safety, Ovary, RECIST, Infection, Oncology, IND, Mum, Conference call, PFS, Note, Annual report, Pro forma, PRAME, Event, Patient, TCR, HIV, Pharmaceutical industry

Selling, general and administrative (SG&A) expenses for the year 2023 were $144.5 million, compared to $123.1 million for the year 2022.

Key Points: 
  • Selling, general and administrative (SG&A) expenses for the year 2023 were $144.5 million, compared to $123.1 million for the year 2022.
  • The fourth quarter basic and diluted loss per share was $0.40, compared to $0.64 for the fourth quarter of 2022.
  • Topline data from the Phase 2 portion of the trial is expected to be available by the fourth quarter of 2024.
  • Immunocore will host a conference call today, February 28, 2024 at 8:00 A.M. ET/ 1:00 PM GMT, to discuss the fourth quarter and full year 2023 financial results and provide a business update.

Crossject obtains a financing up to €12 million, in two tranches

Retrieved on: 
Tuesday, February 27, 2024
Person, FDA, Convertible, Observation, Euronext, AMF, Element, Tranche, Market value, Mass meeting, Market, Prospectus, Security (finance)

Subject to the Company's consent, he also has the right to request the deferral of payment of an early amortization installment.

Key Points: 
  • Subject to the Company's consent, he also has the right to request the deferral of payment of an early amortization installment.
  • Crossject will publish the number of new stocks issued under the terms of the convertible bonds on its website regularly.
  • The aim of the proceeds is to enable Crossject to ramp up industrial and commercial development of its ZENEO technology.
  • The Company is also confident in its ability to find, if needed, the necessary financing to continue its development.

Progress Software Announces Proposed Convertible Senior Notes Offering

Retrieved on: 
Monday, February 26, 2024
Person, PRGS, Share repurchase, Sale, Progress, Exercise, Debt-to-GDP ratio, Observation, Convertible, Progress Software, Security (finance)

The Notes will be Progress’ senior unsecured obligations.

Key Points: 
  • The Notes will be Progress’ senior unsecured obligations.
  • The interest rate, the initial conversion rate and the other terms of the Notes will be determined upon pricing of the offering.
  • This activity could increase (or reduce the size of any decrease in) the market price of Progress’ common stock or the Notes at that time.
  • In addition, if any such capped call transaction fails to become effective, whether or not the offering of the Notes is completed, the option counterparty party thereto may unwind its hedge positions with respect to Progress’ common stock, which could adversely affect the value of Progress’ common stock and, if the Notes have been issued, the value of the Notes.

INNOVATE Corp. Announces Rights Offering for Common Stock

Retrieved on: 
Monday, February 26, 2024
Prospectus, Rights, Sale, Exercise, Form, The Act, Convertible, Panzer corps, Form S-3, Security (finance)

INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.

Key Points: 
  • INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.
  • The Company will distribute to each holder of the Company’s common stock as of March 6, 2024 (the “rights offering record date”), one transferable subscription right to purchase shares of the Company’s common stock at a price to be determined prior to commencement of the rights offering.
  • Holders of the Company’s existing preferred stock and convertible notes that are entitled to participate in dividend distributions to holders of the Company’s common stock will also be entitled to participate in the rights offering.
  • The Preferred Stock terms will include a liquidation preference junior to the Company’s existing preferred stock and equal to the Company’s common stock (other than a preference of $0.001 per share of Preferred Stock that will be paid to the holders of the Preferred Stock before any payment or distribution is made to the holders of the common stock).

Parsons Announces Pricing Of $700.0 Million Of Convertible Senior Notes Due 2029; Enters into Concurrent Capped Call Transactions to Offset Potential Dilution

Retrieved on: 
Thursday, February 22, 2024
Person, Note, Sale, Exercise, Debt-to-GDP ratio, Observation, Convertible, PSN, Parsons Corporation, Pressure, Security (finance)

In connection with the offering, Parsons entered into privately negotiated capped call transactions to offset potential dilution.

Key Points: 
  • In connection with the offering, Parsons entered into privately negotiated capped call transactions to offset potential dilution.
  • In connection with issuing the Existing Convertible Notes, Parsons entered into convertible note hedge transactions (the “existing convertible note hedge transactions”) and warrant transactions (the “existing warrant transactions,” and, together with the existing convertible note hedge transactions, the “existing call spread transactions”) with certain financial institutions (the “existing option counterparties”).
  • The capped call transactions will cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of shares of Parsons’ common stock underlying the notes.
  • If the initial purchasers exercise their option to purchase additional notes, Parsons expects to enter into additional capped call transactions with the option counterparties.

Cielo Announces Private Placement of Convertible Debenture Units for up to $5.0 Million to Advance Renewable Fuel Projects, Confirms Final Credit Facility Draw and Magazine Feature

Retrieved on: 
Thursday, February 22, 2024
Debenture, Debt, News, Sale, Indian stock exchange, Conversion, Forced conversion, Acceleration, Finance Secretary (India), Principal, Expander, Finder, Private, Convertible, Convertible bond, NEWS, CMC, Calendar, Carbon, Issue date, Exchange, Biomass, Security (finance)

CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce that it proposes to undertake a non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of $1,000 per Convertible Debenture Unit for targeted gross proceeds of up to $5,000,000 (the "Private Placement").

Key Points: 
  • The Private Placement and a concurrent final draw from Cielo’s existing secured credit facility, as described below, represent an important shift in the Company’s financing strategy to utilize convertible instruments versus traditional forms of debt.
  • In addition, Cielo is also pleased to share that the Company has been featured in the Winter 2024 edition of Canadian Biomass Magazine , with further details provided below.
  • The Company intends to close the Private Placement in one or more tranches throughout February and early March.
  • Finder's fees of cash and/or non-transferrable warrants may be paid in connection with the Private Placement in accordance with applicable laws.

Parsons Announces Offering Of $700.0 Million Of Convertible Senior Notes Due 2029

Retrieved on: 
Wednesday, February 21, 2024
Person, Note, Sale, Exercise, Debt-to-GDP ratio, Observation, Convertible, PSN, Parsons Corporation, Pressure, Security (finance)

CHANTILLY, Va., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it intends to offer, subject to market and other conditions, $700.0 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement.

Key Points: 
  • CHANTILLY, Va., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it intends to offer, subject to market and other conditions, $700.0 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement.
  • Upon conversion, the notes will settle for cash and, if applicable, shares of Parsons’ common stock.
  • The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering.
  • This activity could affect the market price of Parsons’ common stock and the initial conversion price of the notes.

Barrel Energy announces cancellation of land lease and elimination of $ 3.9 million of liabilities

Retrieved on: 
Tuesday, February 20, 2024
Landlord, Convertible, Lease, Note, Security (finance)

Las Vegas, NV., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Barrel Energy Inc., (OTC Markets: BRLL) (the “Company” or “BRLL”) is pleased to update shareholders on financial actions, including:

Key Points: 
  • Las Vegas, NV., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Barrel Energy Inc., (OTC Markets: BRLL) (the “Company” or “BRLL”) is pleased to update shareholders on financial actions, including:
    Unwinding the Land Lease Agreement.
  • On May 14, 2019, the Company signed a land lease in central California for 602 acres at $1,000 per acre to grow hemp for fiber usage.
  • These Notes have been restructured to eliminate the variable priced conversion and will have a fixed conversion price of $0.03.
  • The reduction in $3,946,219 in liabilities is a good step to move our exploration and development forward on our two primary assets which are the two Pl.s in Tanzania.

Special Opportunities Fund, Inc. Dividend Declaration

Retrieved on: 
Tuesday, March 5, 2024
Banking, Professional Services, Finance, Convertible, SPE

Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors has declared a cash dividend of $0.171875 per share on the Fund’s 2.75% Convertible Preferred Stock, Series C. The dividend is payable on March 28, 2024 to holders of record as of March 19, 2024.

Key Points: 
  • Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors has declared a cash dividend of $0.171875 per share on the Fund’s 2.75% Convertible Preferred Stock, Series C. The dividend is payable on March 28, 2024 to holders of record as of March 19, 2024.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240305372560/en/

Supermicro Announces Pricing of Private Offering of $1.5 Billion of Convertible Senior Notes Due 2029

Retrieved on: 
Friday, February 23, 2024
Semiconductor, IOT (Internet of Things), Hardware, Technology, Software, Cloud, Total, AI, Note, Growth, Sale, Exercise, Observation, Convertible, Security (finance)

Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced the pricing of $1.5 billion aggregate principal amount of convertible senior notes due 2029 (the “Convertible Notes”).

Key Points: 
  • Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced the pricing of $1.5 billion aggregate principal amount of convertible senior notes due 2029 (the “Convertible Notes”).
  • The Convertible Notes will be senior, unsecured obligations of the Company.
  • The Convertible Notes will not bear regular interest, and the principal amount of the Convertible Notes will not accrete.
  • The capped call transactions will cover, subject to anti-dilution adjustments substantially similar to those applicable to the Convertible Notes, the number of shares of the Company’s common stock underlying the Convertible Notes.