Convertible | Jotup

Ceylon Graphite Announces Update on Extension of Convertible Debentures

Retrieved on:

Wednesday, November 22, 2023

TSX Venture Exchange, Convertible, Multilateral, Amendment, CYL, CCY, Warrant, Minority, OTC, Security (finance)

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

Atlas, PGE, Artificial intelligence, Depreciation, Convertible, SFAF, Sale, Partnership, Research, Acquisition, Growth, Society

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

Telecommunications, Software, Internet, Audio, Video, Artificial Intelligence, Data Management, Technology, Apps, Applications, RNG, Sale, Note, NYSE, Debt-to-GDP ratio, Convertible

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

Banking, Professional Services, Finance, SPE, NYSE, Convertible, Holding company, Baking

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/

Cazoo To Complete Exchange Offer with 100% of Noteholders

Retrieved on:

Tuesday, December 5, 2023

General Automotive, Fleet Management, Other Automotive, Automotive, Exchange offer, Exchange, InterQuest Group Ltd, Toggle, NYSE, Debt-to-GDP ratio, Convertible, Security (finance), Cazoo

Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces today the final results of its previously announced exchange offer (the “Exchange Offer”).

Key Points:

Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces today the final results of its previously announced exchange offer (the “Exchange Offer”).
In the Exchange Offer, Cazoo offered to exchange $630 million aggregate principal amount of its 2.00% Convertible Senior Notes due 2027 (the “Convertible Notes”) for a pro rata portion of (1) $200 million aggregate principal amount of 4.00%/2.00% cash/payment-in-kind toggle senior secured notes due 2027 and (2) Class A ordinary shares of Cazoo which will represent 92% of the total Class A ordinary shares outstanding upon consummation of the Exchange Offer.
The settlement of the Exchange Offer is expected to occur on December 6, 2023.
As of the expiration of the Exchange Offer at 11:59 p.m., New York City time on December 4, 2023, $630,000,000 aggregate principal amount of the Convertible Notes were validly tendered and accepted, representing 100% of the outstanding Convertible Notes.

PagerDuty Announces Third Quarter Fiscal 2024 Financial Results

Retrieved on:

Thursday, November 30, 2023

This news release with the financial results will be accessible from PagerDuty’s website at investor.pagerduty.com prior to the conference call.

Key Points:

This news release with the financial results will be accessible from PagerDuty’s website at investor.pagerduty.com prior to the conference call.
Supplemental Financial and Other Information:
Supplemental financial and other information can be accessed through PagerDuty’s investor relations website at investor.pagerduty.com.
Specifically, PagerDuty excludes the following from its historical and prospective non-GAAP financial measures, as applicable:
Stock-based Compensation: PagerDuty utilizes stock-based compensation to attract and retain employees.
PagerDuty encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate PagerDuty’s business.

Organigram Increases Investment in Phylos After Successful Milestone Achievement

Retrieved on:

Tuesday, November 28, 2023

This second tranche follows the initial tranche of US$3.25 million advanced in May 2023 for a total of US$6 million in senior secured convertible loans (“Convertible Loans”) currently outstanding.

Key Points:

This second tranche follows the initial tranche of US$3.25 million advanced in May 2023 for a total of US$6 million in senior secured convertible loans (“Convertible Loans”) currently outstanding.
View the full release here: https://www.businesswire.com/news/home/20231128416832/en/
Organigram’s ongoing trials using Phylos technology have resulted in highly-uniform, predictable, and fast-growing seedlings.
Our investment in Phylos was driven by that commitment, and we are thrilled with the progress we have made and the benefits we are reaping from this strategic investment,” says Borna Zlamalik, Senior Vice President, R&D and Innovation at Organigram.
In August, Organigram launched its first lineup of whole-flower derived THCV products through the Company’s popular SHRED and newly re-launched Trailblazer brands enabled by the strategic investment in Phylos.

Black Friday 2-in-1 Touchscreen Laptop Deals 2023: Best Early Surface Pro, HP x360, Dell, Lenovo Flex & ASUS Deals Ranked by Consumer Walk

Retrieved on:

Tuesday, November 21, 2023

Technology, Retail, Other Retail, Consumer Electronics, Walmart, Multimedia, Convertible, Online shopping

Consumer Walk earns commissions from purchases made using the links provided.

Key Points:

Consumer Walk earns commissions from purchases made using the links provided.
2-in-1 touchscreen laptops and convertible notebooks represent a burgeoning category in the realm of portable computing.
The touchscreen interface seamlessly transitions between laptop and tablet modes, catering to tasks ranging from office productivity to multimedia consumption.
Black Friday 2023, scheduled for November 24, holds significant promise for consumers in search of attractive deals, with a particular emphasis on touchscreen laptops.

Uber Announces Pricing of Upsized $1.5 Billion Convertible Senior Notes Offering

Retrieved on:

Tuesday, November 21, 2023

Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of an upsized offering of $1.5 billion aggregate principal amount of 0.875% Convertible Senior Notes due 2028 (the “notes”).

Key Points:

Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of an upsized offering of $1.5 billion aggregate principal amount of 0.875% Convertible Senior Notes due 2028 (the “notes”).
Uber also granted the initial purchasers of the notes an option to purchase up to an additional $225.0 million aggregate principal amount of the notes.
The offering was upsized from the previously announced offering of $1.2 billion aggregate principal amount of Convertible Senior Notes due 2028.
The notes will be senior unsecured obligations of Uber, will bear interest at a rate of 0.875% per annum.

Uber Announces Proposed $1.2 Billion Convertible Senior Notes Offering

Retrieved on:

Monday, November 20, 2023

Uber Technologies, Inc. (NYSE: UBER) today announced that it proposes to offer $1.2 billion aggregate principal amount of Convertible Senior Notes due 2028 (the “notes”), subject to market conditions and other factors.

Key Points:

Uber Technologies, Inc. (NYSE: UBER) today announced that it proposes to offer $1.2 billion aggregate principal amount of Convertible Senior Notes due 2028 (the “notes”), subject to market conditions and other factors.
Uber intends to use a portion of the net proceeds from the notes offering to fund the cost of entering into the capped call transactions described below.
Uber intends to use the remainder of the net proceeds from the notes offering to repay, redeem or repurchase outstanding indebtedness, including the redemption of the outstanding $1 billion aggregate principal amount of Uber’s 7.500% senior notes due 2025 (the “2025 Notes”), plus accrued and unpaid interest and any call premium thereon.
Any offers of the notes will be made only by means of a private offering memorandum.