Debenture

First Business Financial Services, Inc. Completes $15.0 Million Subordinated Debt Offering

Retrieved on: 
Wednesday, October 4, 2023
Finance, Consulting, Banking, Professional Services, Asset Management, Note, Business, First Business, Debenture, Security (finance), Bank

The Company intends to use the net proceeds of the offering for general corporate purposes, including support of the Bank’s growth strategy.

Key Points: 
  • The Company intends to use the net proceeds of the offering for general corporate purposes, including support of the Bank’s growth strategy.
  • The Notes were structured to qualify as Tier 2 capital for regulatory risk-based capital purposes and bear interest at a fixed annual rate of 8.0%, payable quarterly, in arrears, beginning December 15, 2023.
  • The Notes’ maturity date is September 29, 2033.
  • “We are pleased to have the enthusiastic support of local investors, whose participation reflects the distinctive depth and strength of First Business Bank’s community relationships.”
    Godfrey & Kahn, S.C. served as legal counsel to the Company.

MCI Announces Closing of Strategic Transaction with WELL Health, Changes Name to HEALWELL AI, and Debuts as AI and Data Science Focused Healthcare Technology Business

Retrieved on: 
Monday, October 2, 2023
IPO, AIDX, FOR, PayPal, Toronto-Dominion Bank, Call option, Equity, BBTV, WELL Health Technologies, Acquisition, Patient, Transaction, NEWS, SVP, Compensated emancipation, Disease, Data science, Corporate development, Leyland Royal Tiger PSU, Minority, TD, WELL, Consultant, National instrument, Social Democrats (Slovenia), TIO, Corporation, TSX, Growth, Multilateral, Creditor, Exercise, NOT, Health, CAD, MCI, WIRE, NI, Warrant, CFO, Human resources, Partnership, PI, RSU, SAF, Sale, Artificial intelligence, Debenture, Security (finance), Management, Nursing, Medical device, Cryptocurrency, Bank, AI

TORONTO, ON, Oct. 02, 2023 (GLOBE NEWSWIRE) -- HEALWELL AI Inc. (f/k/a MCI Onehealth Technologies Inc.) ("HEALWELL" or the "Company") (TSX: AIDX), a healthcare technology and data science company focused on preventative care, is pleased to announce that it has successfully completed the strategic transaction with WELL Health Technologies Corp. ("WELL") that was first announced on July 20, 2023 (the "Transaction"). The Transaction comprised, among other things, a private placement offering of convertible debenture units for gross proceeds of $10 million, a sale of the Company's clinical assets1 in Ontario to WELL, and the satisfaction and discharge of the outstanding secured debt of the Company and a number of its subsidiaries.

Key Points: 
  • HEALWELL and WELL Health have established a strategic alliance that positions HEALWELL to become a significant player in the multi-billion-dollar data sciences and preventative care industry.
  • With the closing of this Transaction, HEALWELL positions itself as a healthcare technology and data science company focused on preventative care, with a vision to improve healthcare and save lives through early identification and detection of disease.
  • HEALWELL leverages AI to empower patients and doctors to deliver increased access, reduce healthcare costs, and improve patient outcomes.
  • The Company has been re-named from its former name, MCI Onehealth Technologies Inc., to HEALWELL AI Inc., to better reflect this renewed vision and focus.

Regenx Announces Funding Update

Retrieved on: 
Monday, October 2, 2023
Indian stock exchange, CSE, Catalysis, Canadian Securities Exchange, Person, FSE, Sale, Corporation, RGX, News, Debenture, YRS, Security (finance)

EDMONTON, Alberta, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) has closed the second tranche on September 30, 2023 of its previously announced financing for gross proceeds of $840,000 and $2,953,830 in aggregate total.

Key Points: 
  • EDMONTON, Alberta, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) has closed the second tranche on September 30, 2023 of its previously announced financing for gross proceeds of $840,000 and $2,953,830 in aggregate total.
  • The closing of the second tranche of the offering is subject to all required regulatory approvals, including the acceptance of the Canadian Securities Exchange.
  • The offering is a non-brokered private placement of unsecured convertible debentures (“Debentures”).
  • The Debentures bear interest at the rate of fifteen percent (15%) per annum and will mature on July 1, 2025.

Abaxx Provides Corporate Update

Retrieved on: 
Friday, September 29, 2023
Carbon, RMO, Money, IDB, Risk, Partnership, Indian stock exchange, Electron capture, Metal, Article Six, Debenture, Engineering, AHC, CAD, Exchange, ACH, MAS, Monetary Authority of Singapore, USD, Bioinformatics, System Center Operations Manager, APPEC, Osaka Gas, Investment Exchanges and Clearing Houses Act 2006, Offering, Finance Secretary (India), RWE, Podcast, Growth, Bank, Micro ISV, Silver, News, NEO, Conference, Legislation, Security (finance), Clearing house, PetroChina, LNG, Vitol

TORONTO, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, summarizes development activities over the past quarter and the general progress of the Company’s business plans. Abaxx also announces that it completed a financing of approximately CAD $1,013,000 through the private placement of an unsecured convertible debenture of the Company with an existing shareholder. Further details of these updates are provided below.

Key Points: 
  • Strategic Financing: The strategic financing process for Abaxx Singapore is progressing, with an expected conclusion in early Q4.
  • Abaxx has signed non-binding term sheets as well as definitive agreements with corporate strategic investors, as previously disclosed on August 14th, 2023.
  • The following press release provides a detailed update on these developments.
  • First Tranche of Strategic Financing: Abaxx Singapore, consistent with its initiative for a US$20 million to US$35 million best efforts equity private placement of preferred shares (the “Preferred Shares”) of Abaxx Singapore (the “Offering”), has formalized an investment agreement with an initial corporate investor.

Surge Energy Inc. Announces $42 Million Convertible Debenture Bought Deal Financing and Intention to Redeem Existing Convertible Debentures Due June 30, 2024

Retrieved on: 
Thursday, September 28, 2023
Conversion, Toronto Stock Exchange, National bank, SGY, Sale, Prospectus, Offering, Indian stock exchange, TSX, Debenture, Security (finance)

The completion of the Offering is subject to normal regulatory approvals, including approval of the TSX, and is expected to close on or about October 19, 2023.

Key Points: 
  • The completion of the Offering is subject to normal regulatory approvals, including approval of the TSX, and is expected to close on or about October 19, 2023.
  • The net proceeds of the Offering are intended to be used to fund the redemption of the Company’s 6.75% convertible unsecured subordinated debentures due June 30, 2024 (the “2019 Debentures”), as well as for general corporate purposes.
  • Pending any such use, the net proceeds of the Offering may temporarily be used to reduce general corporate indebtedness.
  • Surge intends to redeem (the “Redemption”) the $34.5 million principal amount of Surge’s 2019 Debentures, no later than 60 days after the closing of the Offering.

Christina Lake Closes Second Tranche of Non-Brokered Private Placement

Retrieved on: 
Tuesday, September 26, 2023
Minority, CSE, CDN, MI, Toronto Stock Exchange, CLB, CLC, NYSE American, American Stock Exchange Building, Offering, The Company, Multilateral, Debenture, Rare-earth element, Security (finance), Note

VANCOUVER, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Christina Lake Cannabis Corp. (the "Company" or "CLC" or "Christina Lake Cannabis") (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB), further to the press releases dated September 7, 2023 and September 12, 2023, the Company is pleased to announce that it has closed the second tranche (the "Second Tranche") of a non-brokered private placement of secured convertible promissory notes (the "Notes") in the principal amount of CDN $750,000 (the "Offering").

Key Points: 
  • VANCOUVER, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Christina Lake Cannabis Corp. (the "Company" or "CLC" or "Christina Lake Cannabis") (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB), further to the press releases dated September 7, 2023 and September 12, 2023, the Company is pleased to announce that it has closed the second tranche (the "Second Tranche") of a non-brokered private placement of secured convertible promissory notes (the "Notes") in the principal amount of CDN $750,000 (the "Offering").
  • Proceeds from the Offering will be used for repayment of outstanding debentures, working capital and general corporate purposes.
  • MI 61-101 Disclosure Certain insiders of the Company participated in the second tranche of the Offering for an aggregate total of $400,000 in Notes.
  • The repayment of the Debentures at maturity was financed primarily with the proceeds of the first two tranches of the non-brokered private placement announced above.

Nauticus Robotics Announces Term Loan Financing of up to $20 Million

Retrieved on: 
Thursday, September 21, 2023
Exercise, Senior, Calendar, RCB, Term loan, Intelligence, Security agreement, ATW, Loan, Trust, Robotics, Environment, NYSE, Amendment, Debenture, Safety, Security (finance), Transocean, Nauticus

The Term Loan Agreement provides Nauticus with up to $20 million in secured term loans (the "Loans"), of which $11.6 million has already been funded.

Key Points: 
  • The Term Loan Agreement provides Nauticus with up to $20 million in secured term loans (the "Loans"), of which $11.6 million has already been funded.
  • The Company is actively discussing a larger round of capital with new investors, beyond the available capacity of the Term Loan Agreement, to support its service offering expansion.
  • Their continued investment underscores confidence in the company's strategic direction and growth potential," said Nicolaus Radford, CEO of Nauticus.
  • We are excited about the opportunities this financing provides as we continue to build out our fleet of robots."

Liberty Media Corporation Closes Private Offering of $1.15 Billion of 2.375% Exchangeable Senior Debentures Due 2053

Retrieved on: 
Thursday, September 14, 2023
Sports, Finance, TV and Radio, Licensing (Entertainment), Professional Services, Events, Concerts, Motor Sports, Entertainment, Exercise, Interest, Nation, SEC Rule 144A, Live Nation Entertainment, Sale, Liberty Media, Liberty, Lombardi Media Corporation, Security (finance), Debenture

A total of approximately 10.96 million shares of Live Nation common stock are initially attributable to the Debentures.

Key Points: 
  • A total of approximately 10.96 million shares of Live Nation common stock are initially attributable to the Debentures.
  • The Debentures may be redeemed by Liberty, in whole or in part, on or after September 30, 2028.
  • Holders of the Debentures also have the right to require Liberty to purchase their Debentures on September 30, 2028.
  • The 0.5% Exchangeable Senior Debentures due 2050 may be redeemed by Liberty, in whole or in part, on or after September 1, 2024 and holders of such debentures also have the right to require Liberty to purchase such debentures on September 1, 2024.

Christina Lake Cannabis Announces Repayment of Convertible Debenture

Retrieved on: 
Thursday, September 14, 2023
Cannabis, CSE, CLB, CLC, Debenture, Security (finance)

VANCOUVER, British Columbia, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Christina Lake Cannabis Corp. (the “Company” or “CLC” or “Christina Lake Cannabis”) (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB), a leading producer of high quality extracts, advanced products and sun grown cannabis, announced today that it has repaid the total principal amount due of $1.690 million under its 12% Unsecured Convertible Debentures due September 13, 2023 (the "Debentures"), the payment included outstanding interest due of $827,000.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Christina Lake Cannabis Corp. (the “Company” or “CLC” or “Christina Lake Cannabis”) (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB), a leading producer of high quality extracts, advanced products and sun grown cannabis, announced today that it has repaid the total principal amount due of $1.690 million under its 12% Unsecured Convertible Debentures due September 13, 2023 (the "Debentures"), the payment included outstanding interest due of $827,000.
  • The repayment of the Debentures at maturity was financed primarily with the proceeds of the non-brokered private placement announced on September 7 and September 12, 2023.

Axis Provides Business Update and Announces Closing of $2.67 Million Private Placement of Unsecured Subordinated Debentures

Retrieved on: 
Monday, September 11, 2023
Warrant, Finance Secretary (India), Private placement, TSX, Minority, AXIS, National instrument, Private, Security (finance), Axis, Debenture

TORONTO, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Axis Auto Finance Inc. ("Axis" or the "Company") [ TSX: AXIS ], a financial technology company changing the way Canadians purchase and finance used vehicles, is pleased to provide a business update and announce the closing of a private placement (the "Private Placement") of unsecured subordinated debentures (the "Debentures").

Key Points: 
  • TORONTO, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Axis Auto Finance Inc. ("Axis" or the "Company") [ TSX: AXIS ], a financial technology company changing the way Canadians purchase and finance used vehicles, is pleased to provide a business update and announce the closing of a private placement (the "Private Placement") of unsecured subordinated debentures (the "Debentures").
  • The Company also announced today that it has completed a private placement financing of $2.67 million principal amount of Debentures.
  • The principal amount of the Debentures is not convertible into common shares or any other securities of the Company.
  • The Company intends to use the net proceeds from the Private Placement to refinance existing indebtedness.