Exchange

UL Solutions Announces Launch of Initial Public Offering

Retrieved on: 
Tuesday, April 2, 2024
Supply Chain Management, Professional Services, Retail, Other Professional Services, Technology, Software, Consulting, Engagement, UL, Citigroup, BofA Securities, UBS, J. P. Morgan, Bookrunner, Exchange, Goldman Sachs, Wells Fargo, Form, Telephone, Sale, Attention, IPO, Prospectus, Bank of America, Broadridge Financial Solutions, Jefferies, J.P. Morgan & Co., Security (finance)

UL Solutions Inc. (“UL Solutions”) today announced the launch of its initial public offering (the “IPO”) of 28,000,000 shares of its Class A common stock and the commencement of the roadshow for the IPO.

Key Points: 
  • UL Solutions Inc. (“UL Solutions”) today announced the launch of its initial public offering (the “IPO”) of 28,000,000 shares of its Class A common stock and the commencement of the roadshow for the IPO.
  • The offering consists entirely of secondary shares to be sold by UL Standards & Engagement, a nonprofit organization that is currently the sole stockholder of UL Solutions.
  • The underwriters will have a 30-day option to purchase up to an additional 4,200,000 shares of Class A common stock from UL Standards & Engagement.
  • UL Solutions is not offering any shares of its Class A common stock in the proposed offering and will not receive any proceeds from the proposed sale of the shares.

Rubrik Files Registration Statement for Proposed Initial Public Offering

Retrieved on: 
Monday, April 1, 2024
Technology, Data Management, Security, Deutsche Bank, Wedbush Securities, Citigroup, Exchange, Goldman Sachs, Wells Fargo, Form, Telephone, Sale, Attention, Guggenheim Partners, Prospectus, BMO Capital Markets, KeyBank, Barclays, Security (finance)

Rubrik, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission related to a proposed initial public offering of its Class A common stock.

Key Points: 
  • Rubrik, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission related to a proposed initial public offering of its Class A common stock.
  • The number of shares to be offered and the price range for the proposed offering have not yet been determined.
  • A registration statement related to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.
  • These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

NYSE American to Commence Delisting Proceedings Against Airspan Networks Holdings Inc. (MIMO)

Retrieved on: 
Monday, April 1, 2024
Finance, Professional Services, Other Professional Services, Technology, Telecommunications, Exchange, Form, Committee, Security (finance), United States bankruptcy court, Bankruptcy, MIMO

NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Airspan Networks Holdings Inc. (the “Company”) — ticker symbol MIMO — from NYSE American.

Key Points: 
  • NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Airspan Networks Holdings Inc. (the “Company”) — ticker symbol MIMO — from NYSE American.
  • In reaching its delisting determination, NYSE Regulation notes that the Company entered into a Restructuring Support Agreement on March 29, 2024.
  • However, there is uncertainty as to the ultimate effect of this process on the value of the Company’s common stock.
  • The NYSE American will apply to the Securities and Exchange Commission to delist the Company’s common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

NMG Pays Accrued Interests and Grants Options

Retrieved on: 
Monday, April 1, 2024
Automotive, Technology, Mining, Minerals, Batteries, Other Technology, Natural Resources, General Automotive, Alternative Energy, Environment, Energy, Sustainability, Indian stock exchange, Private placement, TSX Venture Exchange, Private, Exchange, Holder, NOU, NMG, Security (finance)

Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) ( NYSE: NMG , TSX.V: NOU ) announces today the payment of accrued interests as part of a previously announced private placement announced by press release dated November 8, 2022 (the “2022 Private Placement”).

Key Points: 
  • Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) ( NYSE: NMG , TSX.V: NOU ) announces today the payment of accrued interests as part of a previously announced private placement announced by press release dated November 8, 2022 (the “2022 Private Placement”).
  • Upon the approval of the TSX Venture Exchange and the New York Stock Exchange (the “Exchanges”), the accrued interests owed to Investissement Québec (the “Holder”) for the first quarter of 2024 under the unsecured convertible note, as amended and restated, (the “Note”) issued in connection with 2022 Private Placement, will be deemed paid.
  • The issuance of Common Shares is subject to the approval of the Exchanges and, when issued, will be subject to a hold period of four (4) months and one day.
  • Each option entitles the holder thereof to purchase one common share of the Company at a price of $3.12 per common share for a period expiring on April 1, 2029.

Guess?, Inc. Announces Issuance of Approximately $12.1 Million of Additional 3.75% Convertible Notes Due 2028 and Retirement of Approximately $14.6 Million of Existing 2.00% Convertible Notes Due 2024

Retrieved on: 
Monday, April 1, 2024
Fashion, Professional Services, Retail, Other Retail, Department Stores, Finance, Bank of America, Uncertainty, GES, Exchange, Bank, CUSIP, Sale, Observation, Judgement, Annual report, Debt-to-GDP ratio, Share repurchase, Subscription business model, Transaction, Repurchase agreement, Security (finance)

Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).

Key Points: 
  • Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).
  • The 2028 Notes will have the same CUSIP number as the Existing 2028 Notes and will be issued as additional notes under the indenture governing the Existing 2028 Notes.
  • The 2028 Notes are expected to trade interchangeably with the Existing 2028 Notes immediately upon settlement and be fungible with the Existing 2028 Notes.
  • The 2028 Notes will mature on April 15, 2028, unless earlier repurchased or converted in accordance with their terms.

FINRA Enhances Post-Trade Transparency in U.S. Treasury Securities Market

Retrieved on: 
Thursday, March 28, 2024
Finance, Data Analytics, Consulting, Professional Services, Legal, Federal Reserve, United States Treasury security, ATS, Exchange, Security (finance)

FINRA has begun disseminating individual transactions in active U.S. Treasury securities at the end of the day, raising the level of transparency in the market for these benchmark securities.

Key Points: 
  • FINRA has begun disseminating individual transactions in active U.S. Treasury securities at the end of the day, raising the level of transparency in the market for these benchmark securities.
  • “Given the unique and fundamental role of the U.S. Treasury securities market in the global economy, promoting the market’s transparency is important for both Treasury market participants and the broader financial system,” said Stephanie Dumont, Executive Vice President of Market Regulation and Transparency Services at FINRA .
  • Sept. 21, 2022 – Certain depository institutions began reporting transactions in Treasury securities, agency debt securities and agency mortgage-backed securities to TRACE.
  • July 10, 2017 – FINRA members began reporting information on transactions in U.S. Treasury securities to TRACE (for regulatory oversight, not for public dissemination).

LuxUrban Hotels Inc. Provides Preliminary Unaudited 2023 Fourth Quarter and Full Year Financial Results

Retrieved on: 
Tuesday, March 26, 2024
Commercial Building & Real Estate, Construction & Property, Professional Services, Other Travel, Lodging, Vacation, Destinations, Residential Building & Real Estate, Travel, Other Professional Services, Tax, Letter, RevPAR, Growth, Exchange, Partnership, Risk, Dislocation, Accountant, Form 10-K, Audit committee, Life, Bank statement, Adjustment, MLA, City, Annual report, Superior, GAAP, Depreciation, Wyndham Hotels & Resorts, TRevPAR, Marketing, Total, Commercial property

As further discussed herein, the completion of the Company’s audit for 2023 includes additional procedures that are in process.

Key Points: 
  • As further discussed herein, the completion of the Company’s audit for 2023 includes additional procedures that are in process.
  • Accordingly, undue reliance should not be placed on the preliminary results set forth herein.
  • The management team believes these non-GAAP financial metrics are useful to investors to provide supplemental information in addition to the GAAP financial results.
  • To supplement the condensed consolidated financial statements, which are prepared in accordance with GAAP, we use EBITDA and cash net income as non-GAAP financial measures.

NYSE to Commence Delisting Proceedings Against Fisker Inc. (FSR)

Retrieved on: 
Monday, March 25, 2024
Professional Services, Finance, Fisker Inc., Exchange, Committee, FSR, Security (finance), New York Stock Exchange

The New York Stock Exchange (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of Fisker Inc. (the “Company”) — ticker symbol FSR — from the NYSE.

Key Points: 
  • The New York Stock Exchange (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of Fisker Inc. (the “Company”) — ticker symbol FSR — from the NYSE.
  • Trading in the Company’s Class A common stock will be suspended immediately.
  • NYSE Regulation has determined that the Company’s Class A common stock is no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual.
  • The NYSE will apply to the Securities and Exchange Commission to delist the Company’s Class A common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

Texas Apparel Company and Digital Asset Advocacy Nonprofit File Suit Against the SEC for Aggressive and Secretive Enforcement That Threatens Ability to Operate

Retrieved on: 
Monday, March 25, 2024
Legal, Technology, Business, Professional Services, Digital Cash Management, Digital Assets, Other Education, Fashion, Retail, Education, Administration, Congress, Comment, Exchange, Supreme, Howey, District court, Research, Thought, Legislation, Cryptocurrency

In taking this legal action, Beba seeks a court order to protect its growing business from the SEC’s years-long unlawful enforcement campaign targeting businesses who create and airdrop digital assets.

Key Points: 
  • In taking this legal action, Beba seeks a court order to protect its growing business from the SEC’s years-long unlawful enforcement campaign targeting businesses who create and airdrop digital assets.
  • “Every single one of us in this industry, including the DeFi Education Fund, is harmed by their overreach.
  • The complaint alleges that the SEC unlawfully pursues a strategy of targeting businesses in the digital asset industry after adopting an unwritten rule that most digital assets are securities, including those distributed by “airdrop” for free.
  • Nor has Congress passed legislation defining digital assets as securities, though it is actively considering doing so.

Global Coffee Market Size and Forecast Report, 2023-2024 and 2030: Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis - ResearchAndMarkets.com

Retrieved on: 
Friday, March 22, 2024
Retail, Agriculture, Natural Resources, Food, Beverage, Online, Element, Espresso, Consumer, Quality control, Culture, Farmer, Taste, Convenience, Urbanization, Country, Exchange, Nutrient, Coffee, International Coffee Organization, Common, Policy, Seed, Mineral, ICO, Drink, Caffeine, Artificial intelligence, Spice, Instant coffee

The "Global Coffee Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Coffee Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
  • As per the International Coffee Organization (ICO), global coffee consumption in 2023 reached 175.6 million 60-kg bags, equivalent to approximately 2.25 billion cups daily.
  • Latin America is anticipated to lead the global coffee market mainly owing to the presence of the biggest coffee producer, that is, Brazil.
  • By product type, the global coffee market is fragmented into Instant Coffee, Ground Coffee, Whole Grain, and Others.