Convertible

BCNN TEKUMO ANNOUNCES RECORD Q4 PROGRESS REPORT

Retrieved on: 
Monday, December 11, 2023

NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Balincan USA Inc. ("Balincan" or the "Company") and Tekumo announces a record progress update for Q4, 2023.

Key Points: 
  • NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Balincan USA Inc. ("Balincan" or the "Company") and Tekumo announces a record progress update for Q4, 2023.
  • “This reflects our continued success with Tekumo as an industry leading service delivery platform.
  • It enables product and service companies to manage onsite installation and maintenance of technology systems and devices using On-Demand local technicians.
  • The Company has filed for a name and symbol change to Tekumo, Inc., TKMO, subject to FINRA approval.

Nine Mile Metals Announces Further Updates to Convertible Loan Financing

Retrieved on: 
Tuesday, December 5, 2023

VANCOUVER, British Columbia, Dec. 04, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses that it will amend the proposed unsecured convertible loan financing that it announced in the Company’s news releases on November 21 and 27, 2023, (the “Convertible Loan”).

Key Points: 
  • VANCOUVER, British Columbia, Dec. 04, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses that it will amend the proposed unsecured convertible loan financing that it announced in the Company’s news releases on November 21 and 27, 2023, (the “Convertible Loan”).
  • Convertible Loan proceeds will be used for advancing the bulk sample program on the Nine Mile Brook project and general working capital.
  • The updates to the Convertible Loan financing are that proceeds will be up to $250,000 and it will be the choice of each lender whether to convert the amount owing on the Maturity Date into Units.
  • The terms of the Convertible Loan are subject to acceptance by the CSE.

Merit Medical Announces Proposed Private Placement of $550 Million of Convertible Senior Notes

Retrieved on: 
Monday, December 4, 2023

Merit also intends to grant the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $82.5 million aggregate principal amount of the notes.

Key Points: 
  • Merit also intends to grant the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $82.5 million aggregate principal amount of the notes.
  • The notes will be senior unsecured obligations of Merit and will accrue interest payable semiannually in arrears.
  • The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering.
  • The capped call transactions will cover, subject to anti-dilution adjustments, the number of shares of Merit’s common stock initially underlying the notes.

Applied Optoelectronics Announces Proposed Private Offering of $80 Million of Convertible Senior Notes due 2026

Retrieved on: 
Thursday, November 30, 2023

Final terms for the offering of the Notes will be determined at the time of pricing.

Key Points: 
  • Final terms for the offering of the Notes will be determined at the time of pricing.
  • The Notes will be convertible at the option of holders of the Notes under certain specified circumstances, as set forth in the indenture governing the Notes.
  • Initially, the Notes will not be guaranteed, but the Notes will be fully and unconditionally guaranteed, on a senior, unsecured basis, by certain of our future domestic subsidiaries.
  • Following the completion of the offering, we may engage in additional exchanges, or we may repurchase or induce conversions, of the 2024 notes.

Nine Mile Metals Updates Loan Financing to Convertible Loan

Retrieved on: 
Monday, November 27, 2023

VANCOUVER, British Columbia, Nov. 27, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses that it will update the proposed unsecured loan financing for proceeds of up to $500,000 that it announced in the Company’s news release on November 21, 2023, to an unsecured convertible loan financing (the “Convertible Loan”).

Key Points: 
  • VANCOUVER, British Columbia, Nov. 27, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), discloses that it will update the proposed unsecured loan financing for proceeds of up to $500,000 that it announced in the Company’s news release on November 21, 2023, to an unsecured convertible loan financing (the “Convertible Loan”).
  • The Convertible Loan financing will be for proceeds of up to $500,000.
  • Convertible Loan proceeds will be used for advancing the bulk sample program on the Nine Mile Brook project and general working capital.
  • The terms of the Convertible Loan are subject to acceptance by the CSE.

Fusion Fuel Green Announces Strategic Tranched Financing from Belike Nominees Pty Ltd., a Macquarie Group Company

Retrieved on: 
Monday, November 27, 2023

Although subject to change, based on current market conditions, the initial tranche is not expected to be greater than 10% of the total Financing.

Key Points: 
  • Although subject to change, based on current market conditions, the initial tranche is not expected to be greater than 10% of the total Financing.
  • Until the conditions precedent as described herein are satisfied or waived, there can be no assurance that any portion of the Financing will be consummated.
  • Frederico Figueira de Chaves, CEO of Fusion Fuel, stated, “We are excited to enter into this agreement with Macquarie.
  • There can be no assurance that the Company will be able to complete the private placement on the terms described herein or at all.

Ceylon Graphite Announces Update on Extension of Convertible Debentures

Retrieved on: 
Wednesday, November 22, 2023

VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it has amended the terms of certain convertible debentures (the “2018 Convertible Debentures”) that were issued by the Company on May 23, 2018 in the aggregate principal amount of $2,000,000.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it has amended the terms of certain convertible debentures (the “2018 Convertible Debentures”) that were issued by the Company on May 23, 2018 in the aggregate principal amount of $2,000,000.
  • The Company has amended the conversion price of an aggregate principal amount of $1,750,000 of the 2018 Convertible Debentures (the “Extended 2018 Convertible Debentures”) to $0.15 per 2018 Debenture Share and amended the maturity date of the Extended 2018 Convertible Debentures to November 23, 2024 (the “Amendments”).
  • A total principal amount of $100,000 of the 2018 Convertible Debentures were not extended and mature on November 23, 2023.
  • The Company is currently evaluating options for the repayment of the 2018 Convertible Debentures which rank subordinate in payment priority to the senior secured convertible debentures issued by the Company on October 26, 2023.

2CRSi SA: 2CRSi publishes its half-year financial report

Retrieved on: 
Wednesday, December 27, 2023

Other operating income amounted to -2.2 million euros, compared with 1.3 million euros in 2022-2023, due to lower production inventories during the year.

Key Points: 
  • Other operating income amounted to -2.2 million euros, compared with 1.3 million euros in 2022-2023, due to lower production inventories during the year.
  • Despite rigorous cost management, the gross operating surplus reflects the low level of activity for the semester and amounts to -3.4 million euros.
  • The financial result includes an amount of 2.1 million euros resulting from the distribution of an interim dividend following the transfer of the Boston group.
  • The half-year financial report is available on the company's website, under the investors section: https://investors.2crsi.com/en/annual-reports-registration-documents/

RingCentral Announces Repurchase of Approximately $253 Million of Convertible Notes

Retrieved on: 
Wednesday, December 13, 2023

RingCentral, Inc. (“RingCentral” or the “Company”) (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video, webinars, hybrid events, and contact center solutions, today announced that it has entered into individual, privately negotiated repurchase transactions (the “Note Repurchases”) with certain holders of the Company’s 0% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”).

Key Points: 
  • RingCentral, Inc. (“RingCentral” or the “Company”) (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video, webinars, hybrid events, and contact center solutions, today announced that it has entered into individual, privately negotiated repurchase transactions (the “Note Repurchases”) with certain holders of the Company’s 0% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”).
  • Pursuant to the Note Repurchases, the Company will pay approximately $240 million in cash to repurchase approximately $253 million aggregate principal amount of the 2025 Convertible Notes, using the proceeds received from the Company’s previously announced issuance of its 8.500% Senior Notes due 2030 (the “2030 Notes”).
  • The Note Repurchases are aligned with the Company’s previous announcement that it intends to use the net proceeds from the issuance of the 2030 Notes to repurchase and/or repay a portion of its outstanding convertible notes.
  • Following the closing of the Note Repurchases, approximately $161 million aggregate principal amount of the 2025 Convertible Notes will remain outstanding.

Special Opportunities Fund, Inc. Dividend Declaration

Retrieved on: 
Friday, December 8, 2023

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 December 29, 2023 to holders of record as of December 19, 2023.

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 December 29, 2023 to holders of record as of December 19, 2023.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20231208963769/en/