OTC Bulletin Board

Bank of Bird-in-Hand Reports on Progress of Stock Offering

Retrieved on: 
Tuesday, October 31, 2023
Banking, Professional Services, FDIC, COMMON, Bank, CPA, Bank of Bird-in-Hand, Offering circular, Humble Bundle, Bird, OTC Bulletin Board, SELL, Management

The Bank of Bird-in-Hand (the “Bank”) announced that, as of October 26, 2023, it has received subscriptions for 514,635 shares of its common stock for aggregate gross proceeds of $14,409,780 before deducting offering expenses, through the previously announced stock offering of its shares of common stock.

Key Points: 
  • The Bank of Bird-in-Hand (the “Bank”) announced that, as of October 26, 2023, it has received subscriptions for 514,635 shares of its common stock for aggregate gross proceeds of $14,409,780 before deducting offering expenses, through the previously announced stock offering of its shares of common stock.
  • The Bank commenced the common stock offering on September 18, 2023, at $28.00 per share, of up to approximately $15 million of common stock with the right to increase the offering amount up to approximately $30 million, at the sole discretion of the Board of Directors in the event that demand for the shares exceeded $15 million.
  • Kevin J. McClarigan, CPA, Chairman of the Board, stated, “We are excited and humbled by the strong demand we have experienced for our latest common stock offering.
  • The Bank reserves the right, however, to withdraw or terminate the Offering at any time and return unaccepted subscriptions to subscribers.

OXFORD BANK CORPORATION ANNOUNCES THIRD QUARTER AND NINE MONTH 2023 OPERATING RESULTS

Retrieved on: 
Wednesday, November 1, 2023
Asset, Futures contract, AFS, Bank, OTC Bulletin Board, Multimedia, Growth, Comprehensive income, Tier 1 capital, Risk, OCF, NIM, Current Expected Credit Losses, Release, Corporation, Probability, Availability, Total, Investment, SBA, Security (finance)

OXFORD, Mich., Nov. 1, 2023 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced operating results for the third quarter ended September 30, 2023.

Key Points: 
  • OXFORD, Mich., Nov. 1, 2023 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced operating results for the third quarter ended September 30, 2023.
  • Total Assets of the Company were $794.34 million as of September 30, 2023, compared to $782.87 million at September 30, 2022.
  • Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company.
  • In addition, Oxford Bank has business banking centers in Wixom, downtown Oxford, Ann Arbor and Flint, Michigan.

CMUV Bancorp Announces First Stock Repurchase Program

Retrieved on: 
Friday, October 20, 2023
An Act to exempt a particular class of securities from the Securities and Exchange Act, Security (finance), OTC Bulletin Board, OTCQB, Financial adviser

EL CENTRO, CA, Oct. 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –CMUV Bancorp (OTCQB:CMUV) today announced that the Board of Directors has adopted a stock repurchase program, and authorized entering into a written stock repurchase agreement with a broker-dealer.

Key Points: 
  • EL CENTRO, CA, Oct. 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –CMUV Bancorp (OTCQB:CMUV) today announced that the Board of Directors has adopted a stock repurchase program, and authorized entering into a written stock repurchase agreement with a broker-dealer.
  • That agreement is expected to include a trading plan in accordance with Rules 10b5-1 and 10b-18 of the Securities and Exchange Act of 1934.
  • The Board authorized the Company to purchase up to $2,000,000 in aggregate purchase price of the Company’s stock in the open market or in privately-negotiated transactions.
  • The term of the repurchases under the agreement may be made through December 31, 2024.

Mullen Automotive Files Preliminary Proxy Statement

Retrieved on: 
Thursday, October 19, 2023
Reverse stock split, IBN, Security (finance), Securities and Exchange Commission (Nigeria), OTC Bulletin Board, Auction, Holding company

BREA, Calif., Oct. 19, 2023 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive Inc. (Nasdaq: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today the Company has filed a preliminary proxy statement with the Securities and Exchange Commission (the “SEC”) regarding a special stockholders' meeting to be held on Dec. 15, 2023, (the “Special Meeting”) to authorize Mullen’s Board of Directors to effect a reverse stock split of the Company's common stock at an exchange ratio between 1-for-2 to 1-for-100 (the "Reverse Stock Split").

Key Points: 
  • BREA, Calif., Oct. 19, 2023 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive Inc. (Nasdaq: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today the Company has filed a preliminary proxy statement with the Securities and Exchange Commission (the “SEC”) regarding a special stockholders' meeting to be held on Dec. 15, 2023, (the “Special Meeting”) to authorize Mullen’s Board of Directors to effect a reverse stock split of the Company's common stock at an exchange ratio between 1-for-2 to 1-for-100 (the "Reverse Stock Split").
  • Mullen expects that the primary focus of the Board in determining whether or not to effectuate the Reverse Stock Split will be the ability to obtain and maintain a continued price of at least $1.00 per share of its common stock on The Nasdaq Capital Market without effecting the Reverse Stock Split.
  • The Reverse Stock Split will only be implemented if necessary to regain compliance with Nasdaq Listing Rule 5550(a)(2), which sets forth a minimum bid price of $1.00.
  • Completion of the proposed Reverse Stock Split is subject to market and other customary conditions, including obtaining stockholder approval.

Pomerantz Law Firm Announces Extended Lead Plaintiff Motion Deadline of October 16, 2023 in the Securities Lawsuit Pending Against Hub Cyber Security Ltd. f/k/a Hub Cyber Security (Israel) Ltd. and Certain Officers and Directors – HUBC; HUBCZ; HUBCW; RNER

Retrieved on: 
Wednesday, October 11, 2023
Shekel, Unit, Acquisition, LLP, Investment, Business, Common stock, Section, Government, Complaint, Ext, TASE, News, Attention, HUB, Audit committee, Disclosure, PIPE, Form 6-K, Person, Annual report, Legacy, Tel Aviv Stock Exchange, Court, Risk, Defendant, OTC Bulletin Board, District court, Confidentiality, Action Replay, Veteran, Pomerantz, Human resources, Form, NIS, Lung compliance, Class, Security (finance), Airline, Rare-earth element, Cryptocurrency, Green, Mergers and acquisitions

The caption for the action is: Green v. Hub Cyber Security Ltd. et al., Case No.

Key Points: 
  • The caption for the action is: Green v. Hub Cyber Security Ltd. et al., Case No.
  • Plaintiff pursues claims against Defendants under the Securities Act of 1933 (“Securities Act”) and the Securities Exchange Act of 1934 (“Exchange Act”).
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Mark Lin Joins Semtech as Executive Vice President and Chief Financial Officer

Retrieved on: 
Wednesday, October 4, 2023
Networks, Semiconductor, IOT (Internet of Things), Hardware, Technology, Measure, Employment, Corporation, RSU, OTC Bulletin Board, TSR, Internet of things, Management, Security (finance), Semtech

Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, announced that Mark Lin joined the company as its executive vice president and chief financial officer on October 2, 2023 (the “Transition Date”).

Key Points: 
  • Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, announced that Mark Lin joined the company as its executive vice president and chief financial officer on October 2, 2023 (the “Transition Date”).
  • In accordance with the terms of his employment agreement, Semtech granted Mr. Lin a stock unit award covering 75,939 shares of Semtech common stock.
  • Of the stock units awarded, 37,970 are a “target” number of performance-based vesting stock units.
  • Stock units that vest will be paid in an equal number of shares of Semtech common stock.

Pomerantz Law Firm Announces Extended Lead Plaintiff Motion Deadline of October 16, 2023 in the Securities Lawsuit Pending Against Hub Cyber Security Ltd. f/k/a Hub Cyber Security (Israel) Ltd. and Certain Officers and Directors – HUBC; HUBCZ; HUBCW; RNER

Retrieved on: 
Tuesday, October 3, 2023
Shekel, HUB, Investment, Class, Section, Common stock, Lung compliance, Audit committee, Complaint, District court, Acquisition, Risk, OTC Bulletin Board, Court, Pomerantz, News, Defendant, PIPE, Unit, Attention, Veteran, Ext, Action Replay, LLP, Tel Aviv Stock Exchange, Disclosure, Business, Government, Annual report, TASE, Confidentiality, Form, Legacy, NIS, Human resources, Person, Form 6-K, Security (finance), Airline, Rare-earth element, Cryptocurrency, Mergers and acquisitions, Green

The caption for the action is: Green v. Hub Cyber Security Ltd. et al., Case No.

Key Points: 
  • The caption for the action is: Green v. Hub Cyber Security Ltd. et al., Case No.
  • Plaintiff pursues claims against Defendants under the Securities Act of 1933 (“Securities Act”) and the Securities Exchange Act of 1934 (“Exchange Act”).
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

EQS-News: HANetf ICAV: Notice of Termination of IE000WF4FCJ3

Retrieved on: 
Monday, October 2, 2023
Prospectus, OTC Bulletin Board, Shareholder, Instrument, Letter, Fund, ICAV, Net asset value, Finance Secretary (India), Sale, Security (finance), Bank

This letter is to inform you on behalf of the board of directors of the ICAV (the Board) about recent developments in respect of the Fund.

Key Points: 
  • This letter is to inform you on behalf of the board of directors of the ICAV (the Board) about recent developments in respect of the Fund.
  • From and including 7 November 2023 to the Termination Date, no further subscription or redemption requests will be accepted.
  • Please note that the ICAV does not charge any redemption charge for the sale of Shares in the secondary market.
  • All net cash proceeds will be delivered to the Shareholders via their stockbroker, depository or bank, in which they hold an account.

Cyngn Declares Pro Rata Dividend of Common Stock

Retrieved on: 
Monday, October 2, 2023
OTC Bulletin Board, IPO, Date, Holding company, Security (finance)

MENLO PARK, Calif., Oct. 2, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced that its board of directors has approved a pro rata 10% dividend of its common stock.

Key Points: 
  • MENLO PARK, Calif., Oct. 2, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced that its board of directors has approved a pro rata 10% dividend of its common stock.
  • Stockholders will receive one share of Cyngn common stock for every ten shares of Cyngn common stock they hold on the Record Date.
  • Fractional shares of Cyngn common stock will not be distributed to Cyngn stockholders.
  • Instead, the fractional shares of Cyngn common stock will be rounded up to receive one whole share of Cyngn common stock.

MIND Technology Announces Terms of Reverse Stock Split and Declaration of Preferred Stock Dividend

Retrieved on: 
Thursday, September 28, 2023
OTC Bulletin Board, MIND, The Company, MIND Technology, Inc., Security (finance)

The Company anticipates that this action will allow it to regain compliance with the NASDAQ Stock Markets' minimum bid price requirement for the common stock.

Key Points: 
  • The Company anticipates that this action will allow it to regain compliance with the NASDAQ Stock Markets' minimum bid price requirement for the common stock.
  • Additionally, the Board has declared a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock ("Series A Preferred Stock") for the third quarter of its fiscal year ending January 31, 2024.
  • In accordance with the terms of the Series A Preferred Stock, the Board has declared a Series A Preferred Stock cash dividend of $0.5625 per share for the quarterly period that began on August 1, 2023 and ends on October 31, 2023.
  • The dividend on the Series A Preferred Stock is payable on October 31, 2023 to holders of record at the close of business on October 15, 2023.