Park Avenue

AG Mortgage Investment Trust and Western Asset Mortgage Capital Corporation Announce Final Exchange Ratio for Proposed Merger

Retrieved on: 
Thursday, October 19, 2023

Any difference between $7,000,000 and such smaller amount will be used to benefit the combined company post-closing by offsetting reimbursable expenses that would otherwise be payable to MITT Manager.

Key Points: 
  • Any difference between $7,000,000 and such smaller amount will be used to benefit the combined company post-closing by offsetting reimbursable expenses that would otherwise be payable to MITT Manager.
  • Cash will be paid in lieu of fractional shares of MITT common stock that would have been received as a result of the Merger.
  • The Merger Agreement has been approved by both companies’ boards of directors.
  • The completion of the Merger is subject to the satisfaction of certain customary conditions, including approval of the common stockholders of both MITT and WMC.

Nuwellis Announces Closing of $2.25 Million Public Offering of Series J Convertible Redeemable Preferred Stock and Warrants

Retrieved on: 
Tuesday, October 17, 2023

The purchase price for one Unit was $15.00, which reflects the issuance of the Series J Convertible Preferred Stock with an original issue discount.

Key Points: 
  • The purchase price for one Unit was $15.00, which reflects the issuance of the Series J Convertible Preferred Stock with an original issue discount.
  • The Series J Convertible Preferred Stock has a term of three (3) years and is convertible at the option of the holder at any time into shares of the Company’s common stock at a conversion price of $1.01.
  • Dividends on the Series J Convertible Preferred Stock will be paid, if and when declared by the Board of Directors, in-kind (“PIK dividends”) in additional shares of Series J Convertible Preferred Stock based on the stated value of $25.00 per share at a dividend rate of 5.0%.
  • Each Warrant has an exercise price of $7.50 (50.0% of the public offering price per Unit) per one-half of one share (0.5) of Series J Convertible Preferred Stock and is immediately exercisable.

Purple Biotech Announces $5 Million Registered Direct Offering

Retrieved on: 
Tuesday, October 17, 2023

The gross proceeds to the Company from the offering are expected to be approximately $5 million, before deducting the placement agent’s fees and other offering expenses payable by the Company.

Key Points: 
  • The gross proceeds to the Company from the offering are expected to be approximately $5 million, before deducting the placement agent’s fees and other offering expenses payable by the Company.
  • Purple Biotech intends to use the net proceeds from the offering to fund the development of its oncology therapeutic candidates and for general working capital and corporate purposes.
  • The offering of the ADSs (or ADS equivalents) in the registered direct offering is made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.
  • A final prospectus supplement and accompanying prospectus relating to the registered direct offering will be filed with the SEC.

World Childhood Foundation USA on Path to Raise $1 Million at its 2023 Gala to Help Fight Child Sexual Exploitation and Abuse

Retrieved on: 
Tuesday, October 17, 2023

World Childhood Foundation USA (Childhood USA), one of the country’s leading non-profits in the fight against child sexual exploitation and abuse, held its 2023 Gala on October 16th.

Key Points: 
  • World Childhood Foundation USA (Childhood USA), one of the country’s leading non-profits in the fight against child sexual exploitation and abuse, held its 2023 Gala on October 16th.
  • The Gala is on path to raise more than $1 million in support of its mission to inspire, promote, and develop solutions to end sexual abuse, exploitation and violence against children.
  • The Gala, which took place at 583 Park Avenue, was a night dedicated to raising awareness and resources for the Foundation's mission.
  • For more information about the World Childhood Foundation and to learn how you can contribute to the cause, please visit www.childhood-usa.org .

Longeveron Announces Closing of $4 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

Retrieved on: 
Friday, October 13, 2023

The Series A Warrants and Series B Warrants have terms of five and one-half years and eighteen months from the date of issuance, respectively.

Key Points: 
  • The Series A Warrants and Series B Warrants have terms of five and one-half years and eighteen months from the date of issuance, respectively.
  • H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
  • The gross proceeds to Longeveron from the offering are approximately $4 million, before deducting the placement agent’s fees and other offering expenses payable by Longeveron.
  • A final prospectus supplement and accompanying prospectus relating to the registered direct offering was filed with the SEC on October 13, 2023.

Nuwellis Announces Pricing of $2.25 Million Public Offering of Series J Convertible Redeemable Preferred Stock and Warrants

Retrieved on: 
Friday, October 13, 2023

MINNEAPOLIS, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE) (“Nuwellis” or the “Company”), a commercial-stage company focused on transforming the lives of people with fluid overload, today announced the pricing of a public offering of 150,000 units (the “Units”), with each Unit consisting of one share of the Company’s Series J Convertible Redeemable Preferred Stock, par value $0.0001 per share, with a liquidation preference of $25.00 per share (the “Series J Convertible Preferred Stock”), and one warrant (the “Warrants”) to purchase one-half of one (0.50) share of Series J Convertible Preferred Stock.

Key Points: 
  • MINNEAPOLIS, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE) (“Nuwellis” or the “Company”), a commercial-stage company focused on transforming the lives of people with fluid overload, today announced the pricing of a public offering of 150,000 units (the “Units”), with each Unit consisting of one share of the Company’s Series J Convertible Redeemable Preferred Stock, par value $0.0001 per share, with a liquidation preference of $25.00 per share (the “Series J Convertible Preferred Stock”), and one warrant (the “Warrants”) to purchase one-half of one (0.50) share of Series J Convertible Preferred Stock.
  • The purchase price for one Unit is $15.00, which reflects the issuance of the Series J Convertible Preferred Stock with an original issue discount.
  • The Series J Convertible Preferred Stock has a term of three (3) years and is convertible at the option of the holder at any time into shares of the Company’s common stock at a conversion price of $1.01.
  • Dividends on the Series J Convertible Preferred Stock will be paid, if and when declared by the Board of Directors, in-kind (“PIK dividends”) in additional shares of Series J Convertible Preferred Stock based on the stated value of $25.00 per share at a dividend rate of 5.0%.

The First Volvo Retail Sustainable Experience (VRSE) Branch Arrives in Québec

Retrieved on: 
Friday, October 13, 2023

This new location, Park Avenue Volvo Cars Brossard, located at 8755 boul.

Key Points: 
  • This new location, Park Avenue Volvo Cars Brossard, located at 8755 boul.
  • This revolutionary concept proudly embodies Volvo Cars’ unwavering commitment to a greener future and reflects the shared values of the manufacturer and Groupe Park Avenue.
  • Operating entirely on renewable energy sources, Park Avenue Volvo Cars Brossard marks a significant stride towards a collective goal of reducing carbon emissions.
  • When browsing the six-vehicle showroom, customers can interact with and personalize their vehicles with the help of Volvo experts.

Longeveron Announces $4 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

Retrieved on: 
Thursday, October 12, 2023

The offering is expected to close on or about October 13, 2023, subject to the satisfaction of customary closing conditions.

Key Points: 
  • The offering is expected to close on or about October 13, 2023, subject to the satisfaction of customary closing conditions.
  • H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
  • The gross proceeds to Longeveron from the offering are expected to be approximately $4 million, before deducting the placement agent’s fees and other offering expenses payable by the Company.
  • The offering of the shares of common stock (or common stock equivalents) to be issued in the registered direct offering are being made only by means of a prospectus supplement that forms a part of the registration statement.

Kineta, Inc. Announces Closing of $3 Million Registered Direct Offering Priced At-The-Market under Nasdaq Rules

Retrieved on: 
Thursday, October 5, 2023

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

Key Points: 
  • H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
  • The gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, were approximately $3 million.
  • The Company intends to use the net proceeds from this offering for working capital purposes.
  • A final prospectus supplement and accompanying prospectus relating to the registered direct offering were filed with the SEC.

WiSA Technologies Announces Pricing of $4.8 Million Public Offering of Series B Convertible Redeemable Preferred Stock and Warrants

Retrieved on: 
Monday, October 16, 2023

WiSA Technologies, Inc. (Nasdaq: WISA or the “Company”), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced the pricing of a public offering of 87,000 units (the “Units”), with each Unit consisting of one share of the Company’s Series B Convertible Redeemable Preferred Stock, par value $0.0001 per share, with a liquidation preference of $100.00 per share (the “Series B Convertible Preferred Stock”), and two warrants (the “Warrants”), each to purchase one (1) share of Series B Convertible Preferred Stock for gross proceeds of approximately $4.8 million.

Key Points: 
  • WiSA Technologies, Inc. (Nasdaq: WISA or the “Company”), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced the pricing of a public offering of 87,000 units (the “Units”), with each Unit consisting of one share of the Company’s Series B Convertible Redeemable Preferred Stock, par value $0.0001 per share, with a liquidation preference of $100.00 per share (the “Series B Convertible Preferred Stock”), and two warrants (the “Warrants”), each to purchase one (1) share of Series B Convertible Preferred Stock for gross proceeds of approximately $4.8 million.
  • The purchase price for one Unit is $55.00, which reflects the issuance of the Series B Convertible Preferred Stock with an original issue discount.
  • The Series B Convertible Preferred Stock has a term of two (2) years and is convertible at the option of the holder at any time into shares of the Company’s common stock at a conversion price of $0.4147.
  • Dividends on the Series B Convertible Preferred Stock will be paid, if and when declared by the Board of Directors, in-kind (“PIK dividends”) in additional shares of Series B Convertible Preferred Stock based on the stated value of $100.00 per share at a dividend rate of 20.0%.