ADS

Steakholder Foods Ltd. Announces Closing of $6.5 Million Public Offering

Retrieved on: 
Tuesday, January 10, 2023
ADS, Telephone, Park Avenue, Attention, ADSS, Security (finance), Form, Prospectus, Madison Avenue, American depositary receipt, Sale, SEC filing

The warrants issued have a five-year term, are exercisable immediately and have an exercise price of $1.00 per ADS.

Key Points: 
  • The warrants issued have a five-year term, are exercisable immediately and have an exercise price of $1.00 per ADS.
  • In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 975,000 ADSs and/or warrants at the public offering price, less discounts and commissions, solely to cover over-allotments, if any.
  • The Company intends to use the net proceeds from this offering for general corporate purposes.
  • The offering was made only by means of a prospectus forming part of the effective registration statement.

Chiesi Farmaceutici S.p.A. to Acquire Amryt Pharma Plc

Retrieved on: 
Sunday, January 8, 2023
Contingent value rights, Part, High Court, ADS, Priority review, Highbridge Capital Management, Transaction, England, Acquisition, Patient, Youth justice in England and Wales, CVR Partners, UK, Degenerative disease, CVR, FDA, Cooley LLP, Centerview Partners, Dechert, Eileen M. Decker, Bank, Real estate, Pharmaceutical industry, Car rental, Financial adviser, Chiesi Farmaceutici

The Transaction was unanimously approved by both Chiesi and Amryt Boards of Directors and is anticipated to close by the end of the first half of 2023, subject to the satisfaction of all closing conditions.

Key Points: 
  • The Transaction was unanimously approved by both Chiesi and Amryt Boards of Directors and is anticipated to close by the end of the first half of 2023, subject to the satisfaction of all closing conditions.
  • These accomplishments are a testament to the Amryt team’s commitment and passion for patients that are impacted by rare and orphan diseases.
  • Centerview Partners LLC is serving as exclusive financial advisor and Dechert LLP is serving as legal advisor to Chiesi.
  • Moelis & Company LLC is serving as exclusive financial advisor and Cooley LLP and Gibson Dunn & Crutcher LLP are serving as legal advisors to Amryt.

ROSEN, LEADING AND LONGSTANDING INVESTOR COUNSEL, Encourages BioLineRx Ltd. Investors to Inquire About Securities Class Action Investigation – BLRX

Retrieved on: 
Wednesday, January 4, 2023
Titan, ADS, ADSS, News, Patient, Advertising, Form 6-K, BioLineRx, NIS, Multiple myeloma, Sale, I-Space (Chinese company), Security (finance)

The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

Key Points: 
  • The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
  • WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=8781 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Secoo Reports Unaudited First Half 2022 Financial Results

Retrieved on: 
Friday, December 30, 2022
Partnership, Secco, ADS, COVID-19, SECO, Growth, Exhibition, WeChat Pay, GMV, NFT, Maintenance, Internet, Sale, Renewable energy, Platinum, Online shopping, Retail, Animal, Insurance, Aquaculture, Secoo

BEIJING, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Secoo Holding Limited (“Secoo,” the “Company” or “We”) (NASDAQ: SECO), Asia's leading online integrated upscale products and services platform, today announced its unaudited financial results for the six months ended June 30, 2022.

Key Points: 
  • BEIJING, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Secoo Holding Limited (“Secoo,” the “Company” or “We”) (NASDAQ: SECO), Asia's leading online integrated upscale products and services platform, today announced its unaudited financial results for the six months ended June 30, 2022.
  • Highlights for First Half 2022:
    GMV1 reached RMB3,299.8 million (US$492.6 million) for 1H 2022, compared with RMB5,027.8 million for 1H 2021.
  • In August 2022, Secoo entered into share purchase agreements with Beijing HCYK Corporation Management Partner (“HCYK”) and Timing Capital Limited (“Timing Capital”).
  • In September 2022, Secoo formed a strategic cooperation with Aladdin Legend Technology Co., Ltd. (“Aladdin Technology”), a subsidiary of Aladdin Holding Group.

EHang Announces Strategic Partnership and Investment with Qingdao West Coast New Area

Retrieved on: 
Friday, December 23, 2022
Software, Arm, Ecosystem, Partnership, ADS, Counties of China, AAV, EHang, RMB, UAM, Growth, Regulation, Sale, Oil, Security (finance), EVTOL

This partnership comes with a binding US$10,000,000 equity investment and a potential additional investment of US$10,000,000 in the future.

Key Points: 
  • This partnership comes with a binding US$10,000,000 equity investment and a potential additional investment of US$10,000,000 in the future.
  • Through this strategic partnership, EHang plans to develop its AAV business and the urban air mobility (“UAM”) industry and market in Qingdao with the goal to make Qingdao a world-class UAM application demonstration area.
  • Additionally, EHang intends to establish a Northeast Asia regional headquarters as well as a national firefighting business center in Qingdao West Coast New Area.
  • Xin Fang, Chief Operating Officer of EHang, commented, “This strategic investment and business partnership is a significant milestone for EHang’s long-term growth.

Smart Share Global Limited Regains Compliance with Nasdaq’s Minimum Bid Price Requirement

Retrieved on: 
Friday, December 23, 2022
Letter, ADS, Auction

SHANGHAI, China, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Smart Share Global Limited (Nasdaq: EM) (“Energy Monster” or the “Company”), a consumer tech company providing mobile device charging service, today announced that it has received a written notification letter (the “Compliance Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated December 22, 2022, indicating that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”).

Key Points: 
  • SHANGHAI, China, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Smart Share Global Limited (Nasdaq: EM) (“Energy Monster” or the “Company”), a consumer tech company providing mobile device charging service, today announced that it has received a written notification letter (the “Compliance Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated December 22, 2022, indicating that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”).
  • As previously disclosed, on October 7, 2022, the Company received a letter from Nasdaq indicating that the Company was not in compliance with the Listing Rules of The Nasdaq Stock Market, as the closing bid price of the American Depositary Shares (the “ADSs”) had been below US$1.00 per ADS for the previous 30 consecutive business days.
  • According to the Compliance Notice, the closing bid price of the Company’s ADSs has been at $1.00 per ADS or greater for 10 consecutive business days from December 8 to December 21, 2022, and the Company has regained compliance with the Minimum Bid Price Requirement and the matter is closed.

Mesoblast and Oaktree Extend Availability Period of Undrawn Tranches of Financing Facility

Retrieved on: 
Friday, December 23, 2022
Oaktree Capital Management, MESO, ADSS, Oak Tree, Inflammation, ADS, Mesoblast, MSB, Pharmaceutical industry, Security (finance)

Mesoblast drew the first tranche of US$60 million in November 2021.

Key Points: 
  • Mesoblast drew the first tranche of US$60 million in November 2021.
  • The facility has a three-year interest only period, at a rate of 9.75% per annum, after which time 40% of the principal amortizes over two years and a final payment due November 2026.
  • In consideration for the milestone extension period, Oaktree will receive warrants to purchase 455,000 American Depositary Shares (ADSs)1 at US$3.70 per ADS, a 15% premium to the 30-day VWAP2.
  • The warrants may be exercised within seven years of issuance.

Fang Holdings Announces the Signing of Definitive Agreements Relating to the Going-Private Transaction of China Index Holdings

Retrieved on: 
Thursday, December 22, 2022
Tripura Merger Agreement, Plan, Commitment, ADS, Schedule, CIH, ADSS, Sub, US, Letter, OTC, Myers, Schedule 13D, Security (finance), Parent, Mergers and acquisitions

BEIJING, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Fang Holdings Limited (OTC: SFUNY) (“Fang” or the “Company”), a leading real estate Internet portal in China, today announced the signing of definitive agreements relating to the going-private transaction of China Index Holdings Limited (NASDAQ: CIH) (“CIH”), a leading real estate information and analytics service platform provider in China.

Key Points: 
  • BEIJING, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Fang Holdings Limited (OTC: SFUNY) (“Fang” or the “Company”), a leading real estate Internet portal in China, today announced the signing of definitive agreements relating to the going-private transaction of China Index Holdings Limited (NASDAQ: CIH) (“CIH”), a leading real estate information and analytics service platform provider in China.
  • CIH has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with CIH Holdings Limited (“Parent”) and CIH Merger Sub Holdings Limited (“Merger Sub”), a wholly owned subsidiary of Parent.
  • The Merger is currently expected to close during the first quarter of 2023 and is subject to customary closing conditions.
  • All parties desiring details regarding the Merger are urged to review these documents, which will be available at the SEC’s website (http://www.sec.gov).

China Index Holdings Enters into Definitive Agreement for Going-Private Transaction

Retrieved on: 
Thursday, December 22, 2022
Tripura Merger Agreement, Plan, Roth Capital Partners, Companies Act 2006, ADS, Committee, Electric Bond and Share Company v. Securities and Exchange Commission, Schedule, ADSS, Sub, Companies Act, Support, AND, Letter, LLP, Treasury, Form 6-K, Myers, Canadian House of Commons Special Committee on Electoral Reform, Gibson, Dunn & Crutcher, US, Holding company, Security (finance), Parent, Mergers and acquisitions, Share (finance)

BEIJING, Dec. 22, 2022 (GLOBE NEWSWIRE) -- China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with CIH Holdings Limited (“Parent”) and CIH Merger Sub Holdings Limited (“Merger Sub”), a wholly owned subsidiary of Parent.

Key Points: 
  • BEIJING, Dec. 22, 2022 (GLOBE NEWSWIRE) -- China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with CIH Holdings Limited (“Parent”) and CIH Merger Sub Holdings Limited (“Merger Sub”), a wholly owned subsidiary of Parent.
  • Certain shareholders of the Company, including Fang Holdings Limited, ACE Smart Investments Limited, Media Partner Technology Limited, Next Decade Investments Limited, Karistone Limited, Open Land Holdings Limited, True Knight Limited, Digital Link Investments Limited, General Atlantic Singapore Fund Pte.
  • Fang Holdings Limited has also executed and delivered to the Company a limited guarantee in favor of the Company pursuant to which it agreed to guarantee certain payment obligations of Parent under the Merger Agreement.
  • In connection with the Merger, the Company will prepare and mail a Schedule 13E-3 Transaction Statement (the “Schedule 13E-3”) to its shareholders.

Jianzhi Education Technology Group Company Limited Reports First Half 2022 Financial Results

Retrieved on: 
Thursday, December 22, 2022
IPO, Marketing, ADS, Research, ADSS, COVID-19, Local government, RMB, Quarantine, Development, Administration, American depositary receipt, Video game, Pharmaceutical industry

Gross profit decreased from RMB71.7 million for the first half of 2021 to RMB40.0 million (US$6.0 million) for the first half of 2022.

Key Points: 
  • Gross profit decreased from RMB71.7 million for the first half of 2021 to RMB40.0 million (US$6.0 million) for the first half of 2022.
  • Gross profit margin decreased from 25.9% for the first half of 2021 to 15.4% for the first half of 2022.
  • The total operating expenses increased from RMB23.1 million for the first half of 2021 to RMB41.7 million (US$6.2 million) for the first half of 2022.
  • The income tax expenses decreased from RMB8.1 million for the first half of 2021 to RMB2.6 million (US$0.4 million) for the first half of 2022.