Exchange

NYSE to Commence Delisting Proceedings Against Southport Acquisition Corporation (PORT)

Retrieved on: 
Thursday, March 21, 2024
Professional Services, Finance, Committee, Acquisition, Exchange, Security (finance)

Units, each consisting of one share of Class A common stock, $0.0001 par value, and one-half of one warrant

Key Points: 
  • Units, each consisting of one share of Class A common stock, $0.0001 par value, and one-half of one warrant
    Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50, subject to adjustment
    NYSE Regulation reached its decision to delist the Company’s Securities pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Company had fallen below the NYSE’s continued listing standard requiring a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly-held shares over a consecutive 30 trading day period of at least $40,000,000.
  • The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange.
  • The NYSE will apply to the Securities and Exchange Commission to delist the Company’s Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240321659509/en/

NYSE to Commence Delisting Proceeding Against Ross Acquisition Corp II (ROSS)

Retrieved on: 
Monday, March 18, 2024
Other Professional Services, Professional Services, Finance, Committee, Security (finance), Exchange

Units, each consisting of one Class A ordinary share, $0.0001 par value per share, and one-third of one redeemable warrant

Key Points: 
  • Units, each consisting of one Class A ordinary share, $0.0001 par value per share, and one-third of one redeemable warrant
    Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
    NYSE Regulation reached its decision to delist these Securities pursuant to Sections 802.01B and 102.06e.of the NYSE’s Listed Company Manual because the Company failed to consummate a business combination within the shorter of (i) the time period specified by its constitutive documents or by contract or (ii) three years.
  • The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange.
  • The NYSE will apply to the Securities and Exchange Commission to delist the Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240318889706/en/

The Cannabist Company Announces Intent to Complete US$25.75 Million Private Placement Offering of 9% Senior Secured Convertible Debentures Due 2027

Retrieved on: 
Friday, March 15, 2024
Cannabis, Retail, Health, Other Health, Natural Resources, Food, Beverage, Indian stock exchange, Documentation, Exchange, Offering, Communication, Sale, Regulation, News, Senior, Risk, Prospectus, Person, Security (finance)

The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”) announced today that it intends to complete a private placement of up to US$19.5 million (the "Offering") aggregate principal amount of 9.00% senior secured convertible debentures due 2027 (the "Notes").

Key Points: 
  • The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”) announced today that it intends to complete a private placement of up to US$19.5 million (the "Offering") aggregate principal amount of 9.00% senior secured convertible debentures due 2027 (the "Notes").
  • The Company has received binding commitments for US$17.5 million and may enter into additional commitments for US$2.0 million of Notes prior to closing.
  • The Notes will be senior secured obligations of the Company and mature in March 2027, unless earlier converted or repurchased.
  • As a result, assuming that the Company enters into additional commitments for US$2 million, the Company will receive US$15.6 million of new capital and extinguish US$5.0 million of 6% Senior Secured Convertible Notes Due 2025.

Edgio Announces Preliminary Unaudited Fourth Quarter 2023 Financial Results

Retrieved on: 
Friday, March 15, 2024
Data Management, Technology, Audio, Video, Telecommunications, Networks, Internet, SOC, Annual, Tax, Forecasting, Exchange, Computer, Operationalization, Acquisition, Public expenditure, Security (finance), Bank statement, Operational definition, Adjustment, Annual report, Security operations center, Depreciation, GAAP, Economics, Audit committee

Edgio, Inc. (Nasdaq: EGIO) (the “Company”), today announced unaudited financial results for the three months ended December 31, 2023.

Key Points: 
  • Edgio, Inc. (Nasdaq: EGIO) (the “Company”), today announced unaudited financial results for the three months ended December 31, 2023.
  • Cash, cash equivalents and short-term investment balance as of December 31, 2023, of approximately $47 million, versus $27.6 million as of September 30, 2023.
  • As a result, these preliminary financial results could be subject to change as the Company’s independent registered public accounting firm completes its audit of these periods.
  • These limited preliminary financial results should not be viewed as a substitute for the Company’s full fourth quarter results and do not present all information necessary for an understanding of the Company’s financial performance as of and for the three months ended December 31, 2023.

NYSE to Commence Delisting Proceedings with Respect to the Warrants of Custom Truck One Source, Inc. (CTOS.WS)

Retrieved on: 
Friday, March 15, 2024
Professional Services, Finance, Exchange, Committee, Warrant, Security (finance), New York Stock Exchange

The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the redeemable warrants, exercisable for common stock of Custom Truck One Source, Inc. (the “Company”) (the “Warrants”) — ticker symbol CTOS.WS — from the NYSE.

Key Points: 
  • The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the redeemable warrants, exercisable for common stock of Custom Truck One Source, Inc. (the “Company”) (the “Warrants”) — ticker symbol CTOS.WS — from the NYSE.
  • Trading in the Company’s common stock — ticker symbol CTOS — will continue on the NYSE.
  • NYSE Regulation has determined that the Warrants are 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 Warrants upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

Luna Innovations to Delay Release of Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
Nanotechnology, Other Technology, Technology, Telecommunications, Software, Committee, File, Bank statement, Exchange, Form 10-K, Annual report, Cryptocurrency

Luna Innovations Incorporated (NASDAQ: LUNA) (the “Company”), a global leader in advanced fiber optic-based technology, today announced it will delay the release of its fourth quarter and fiscal year 2023 financial results and the subsequent conference call.

Key Points: 
  • Luna Innovations Incorporated (NASDAQ: LUNA) (the “Company”), a global leader in advanced fiber optic-based technology, today announced it will delay the release of its fourth quarter and fiscal year 2023 financial results and the subsequent conference call.
  • The Company currently anticipates reporting material weaknesses in internal controls related to evaluating customer arrangements for proper revenue recognition and other controls and will be working to remediate these issues.
  • There can be no assurance as to how long the review will take or when the Company will be able to complete the preparation and filing of the Annual Report.
  • The Company is working diligently on this matter and will provide an update once more information is known.

voxeljet AG Accelerates Strategic Realignment and Announces its Plan to (i) Voluntarily Delist its ADSs from NASDAQ and (ii) Deregister its ADSs

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Hardware, Technology, Other Manufacturing, Engineering, Chemicals, Plastics, Air, Transport, Automotive Manufacturing, Finance, Other Technology, Aerospace, Manufacturing, Exchange, Cryptocurrency

voxeljet AG (NASDAQ: VJET) ("Company") today announced its plan to voluntarily delist its ADSs from The Nasdaq Stock Market LLC ("NASDAQ") and to terminate the registration of its ADSs with the U.S. Securities and Exchange Commission ("SEC").

Key Points: 
  • voxeljet AG (NASDAQ: VJET) ("Company") today announced its plan to voluntarily delist its ADSs from The Nasdaq Stock Market LLC ("NASDAQ") and to terminate the registration of its ADSs with the U.S. Securities and Exchange Commission ("SEC").
  • The Company is taking these steps in order to reduce expenses and thereby to further strengthen its financial position.
  • Consequently, the Company intends to start the process to delist the Company's shares from NASDAQ.
  • The Company anticipates that the deregistration of its ADSs under the Exchange Act will become effective on or about April 1, 2024.

NYSE to Commence Delisting Proceedings Against Integrated Rail and Resources Acquisition Corp. (IRRX)

Retrieved on: 
Monday, March 11, 2024
Other Professional Services, Professional Services, Finance, Committee, Acquisition, Exchange, Security (finance)

Shares of Class A common stock, par value $0.0001 per share

Key Points: 
  • Shares of Class A common stock, par value $0.0001 per share
    Units, each consisting of one share of Class A common stock, par value $0.0001 per share, and one-half of one redeemable warrant
    NYSE Regulation reached its decision to delist the Company’s Securities pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Company had fallen below the NYSE’s continued listing standard requiring a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly-held shares over a consecutive 30 trading day period of at least $40,000,000.
  • The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange.
  • The NYSE will apply to the Securities and Exchange Commission to delist the Company’s Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240311990818/en/

NYSE to Commence Delisting Proceedings Against CURO Group Holdings Corp. (CURO)

Retrieved on: 
Monday, March 11, 2024
Professional Services, Business, Finance, Exchange, Committee, Security (finance), New York Stock Exchange

The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of CURO Group Holdings Corp. (the “Company”) — ticker symbol CURO — from the NYSE.

Key Points: 
  • The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of CURO Group Holdings Corp. (the “Company”) — ticker symbol CURO — from the NYSE.
  • Trading in the Company’s common stock will be suspended immediately.
  • The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange.
  • The NYSE will apply to the Securities and Exchange Commission to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

Management Company behind Florida Peninsula Insurance Brings Additional Capital and Capacity to the Florida Market with the Launch of Ovation Home Insurance Exchange

Retrieved on: 
Thursday, April 4, 2024
Insurance, Multimedia, Policy, BOCA, Exchange, Property insurance

BOCA RATON, Fla., April 4, 2024 /PRNewswire/ -- Windward Risk Managers, the management company behind Florida Peninsula and Edison Insurance, proudly announces the launch of Ovation Home Insurance Exchange.

Key Points: 
  • BOCA RATON, Fla., April 4, 2024 /PRNewswire/ -- Windward Risk Managers, the management company behind Florida Peninsula and Edison Insurance, proudly announces the launch of Ovation Home Insurance Exchange.
  • "Ovation will be greatly beneficial for both homeowners and agents in Florida, by providing new dedicated capital, additional capacity, and coverage options for Floridians at competitive prices.
  • This is an exciting proposition for Florida homeowners, and we are thrilled to bring Ovation Home to Florida," said Paul Adkins, CEO of Ovation.
  • With the launch of Ovation, the management company will change its name to Windward Risk Managers and will provide all sales, service, and claims support for Ovation Home Insurance Exchange, Florida Peninsula and Edison Insurance companies.