OTC Bulletin Board

Summit Bancshares, Inc. Announces 3rd Quarter Cash Dividend

Retrieved on:

Thursday, July 27, 2023

Banking, Professional Services, Finance, OTC Bulletin Board, Summit Bank, Security (finance)

The Board of Directors of Summit Bancshares Inc., at a meeting held on July 19, 2023, declared a quarterly cash dividend of $0.10 per share, payable on September 15, 2023, to holders of record as of the close of business on August 25, 2023.

Key Points:

The Board of Directors of Summit Bancshares Inc., at a meeting held on July 19, 2023, declared a quarterly cash dividend of $0.10 per share, payable on September 15, 2023, to holders of record as of the close of business on August 25, 2023.
Summit Bancshares, Inc. (OTC Bulletin Board: SMAL) is the parent company of Summit Bank.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230727283927/en/

OXFORD BANK CORPORATION ANNOUNCES SECOND QUARTER AND SIX MONTH 2023 OPERATING RESULTS

Retrieved on:

Wednesday, July 26, 2023

OXFORD, Mich., July 26, 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 second quarter ended June 30, 2023.

Key Points:

OXFORD, Mich., July 26, 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 second quarter ended June 30, 2023.
President and CEO, David Lamb, commented "We are very pleased with the Company's earnings trends including our second quarter results.
Net loans at second quarter-end 2023 were $484.8 million, compared to $421.8 million at second quarter-end 2022, an increase of $63.0 million.
Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company.

Report From FINRA Board of Governors Meeting – July 2023

Retrieved on:

Wednesday, July 19, 2023

FINRA’s Board of Governors met on July 12-13 for the third time in 2023.

Key Points:

FINRA’s Board of Governors met on July 12-13 for the third time in 2023.
During the meeting, the Board re-elected Eric Noll as Board Chair, re-appointed three public governors and approved three rulemaking items.
The Board also re-appointed Deborah Bailey , Lisa Fairfax and Maureen Jensen to additional three-year terms as Public Governors, beginning at FINRA’s September 2023 annual meeting.
The next FINRA Board of Governors meeting is scheduled for September.

Triterras Provides Update on Filing of Form 15 to Voluntarily Deregister and Suspend SEC Reporting Obligations

Retrieved on:

Wednesday, July 12, 2023

Insurance, Schedule 13D, Probability, Telephone, Committee, Special, Exchange, OTC Bulletin Board, United Nations Special Committee on Palestine

SINGAPORE, July 12, 2023 (GLOBE NEWSWIRE) -- Triterras, Inc. (OTC Expert Market: TRIRF) (the “Company” or “Triterras”), a leading fintech company focused on trade and trade finance, is providing this update on recent Company events and filings:

Key Points:

SINGAPORE, July 12, 2023 (GLOBE NEWSWIRE) -- Triterras, Inc. (OTC Expert Market: TRIRF) (the “Company” or “Triterras”), a leading fintech company focused on trade and trade finance, is providing this update on recent Company events and filings:
On June 27, 2023, Triterras voluntarily filed a Form 15 with the United States Securities and Exchange Commission (the “SEC”) to deregister and suspend Triterras’ reporting obligations under Section 13(a) and Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
The Board determined that deregistering and thereby suspending the Company’s reporting obligations will allow the Company to focus more resources on its continued pursuit to streamline operations and execute on its operating plans.
The Company may provide to the public, where appropriate, press releases regarding Company developments.
However, the Company will be unable to respond to individual shareholder’s enquiries via the telephone, mail, or e-mail.

Incannex Announces Intention to Redomicile to United States, List all Shares on Nasdaq

Retrieved on:

Monday, July 10, 2023

MELBOURNE, Australia, July 10, 2023 (GLOBE NEWSWIRE) -- Incannex Healthcare Limited (NASDAQ: IXHL) (ASX: IHL), (Incannex, IHL or the Company) is pleased to announce its intention to redomicile from Australia to the United States via proposed schemes of arrangement (Schemes) between Incannex and its shareholders (Share Scheme) and Incannex and its optionholders (Option Scheme). Implementation of the Schemes is subject to approval of IHL's shareholders (in respect of the Share Scheme) and IHL's optionholders (in respect of the Option Scheme) and other regulatory and court approvals.

Key Points:

Incannex has already achieved registration of its ordinary shares from the US Securities and Exchange Commission (SEC).
Since February 2022, Incannex’s ordinary shares, in the form of American Depository Receipts (ADRs), have been trading in the United States since gaining Nasdaq Global market listing status.
Pursuant to the Share Scheme:
holders of fully paid ordinary shares in Incannex (Incannex Shares) will be entitled to receive one share of common stock in Incannex US (Incannex US Share) for every 100 Incannex Shares held on the record date for the Share Scheme; and
holders of Incannex ADRs will be entitled to receive one Incannex US Share for every four ADRs (each ADR currently represents 25 Incannex Shares) held in Incannex on the Share Scheme record date.
Incannex has engaged Thomson Geer to assist in the implementation of the Schemes and Rimôn Law to assist in the Nasdaq listing of Incannex US.

Jiuzi Holdings Inc. Announces 1-For-18 Reverse Share Split

Retrieved on:

Friday, July 7, 2023

Exercise, NEV, Common stock, Second Amendment Foundation, OTC Bulletin Board, CUSIP, Security (finance)

Following the reverse share split, the Ordinary Shares will have a par value of $0.018 per share and will continue to trade on Nasdaq under the symbol “JZXN” with the new CUSIP number, G51400128.

Key Points:

Following the reverse share split, the Ordinary Shares will have a par value of $0.018 per share and will continue to trade on Nasdaq under the symbol “JZXN” with the new CUSIP number, G51400128.
The reverse share split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per ordinary share for continued listing on Nasdaq.
Transhare Corporation is acting as the exchange agent and paying agent for the reverse share split.
Transhare Corporation will provide instructions to any shareholders with certificates regarding the process in connection with the exchange of pre-reverse share split share certificates for ownership in book-entry form or share certificates on a post-reverse share split basis.

Mullen Automotive Announces $25 Million Stock Buyback Program

Retrieved on:

Thursday, July 6, 2023

OTC Bulletin Board, IBN, Security (finance), Share repurchase, Securities and Exchange Commission (Nigeria), Mullen Technologies

BREA, Calif., July 06, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that the Board of Directors (the "Board") of the Company has authorized a stock buyback program, pursuant to which the Company may, until Dec. 31, 2023, purchase up to $25 million in shares of its outstanding common stock. The shares may be repurchased, from time to time, in the open market or in privately negotiated transactions depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission (the “SEC”). The authorization of the stock buyback program does not obligate the Company to purchase any shares and may be terminated or amended by the Board at any time prior to its expiration date.

Key Points:

Buyback is authorized through Dec. 31, 2023
BREA, Calif., July 06, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc .
(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that the Board of Directors (the "Board") of the Company has authorized a stock buyback program, pursuant to which the Company may, until Dec. 31, 2023, purchase up to $25 million in shares of its outstanding common stock.
“We are initiating this buyback program as an attractive opportunity to deploy capital and return value to our shareholders,” said David Michery, CEO and chairman of Mullen Automotive.
For more information on Mullen Automotive or SEC public filings, please visit the investor relations section of Mullen’s website or SEC.gov .

Mullen Automotive Announces $25 Million Stock Buyback Program

Retrieved on:

Thursday, July 6, 2023

OTC Bulletin Board, IBN, Security (finance), Share repurchase, Securities and Exchange Commission (Nigeria), Mullen Technologies

BREA, Calif., July 06, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that the Board of Directors (the "Board") of the Company has authorized a stock buyback program, pursuant to which the Company may, until Dec. 31, 2023, purchase up to $25 million in shares of its outstanding common stock. The shares may be repurchased, from time to time, in the open market or in privately negotiated transactions depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission (the “SEC”). The authorization of the stock buyback program does not obligate the Company to purchase any shares and may be terminated or amended by the Board at any time prior to its expiration date.

Key Points:

Buyback is authorized through Dec. 31, 2023
BREA, Calif., July 06, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc .
(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that the Board of Directors (the "Board") of the Company has authorized a stock buyback program, pursuant to which the Company may, until Dec. 31, 2023, purchase up to $25 million in shares of its outstanding common stock.
“We are initiating this buyback program as an attractive opportunity to deploy capital and return value to our shareholders,” said David Michery, CEO and chairman of Mullen Automotive.
For more information on Mullen Automotive or SEC public filings, please visit the investor relations section of Mullen’s website or SEC.gov .

Faraday Future Announces Additional Proposal for the Recently Announced Special Meeting of Stockholders to Limit the Company’s Authorized Shares Available for Issuance

Retrieved on:

Thursday, July 6, 2023

Retail, Luxury, Automotive, Automotive Manufacturing, EV, Electric Vehicles, Manufacturing, OTC Bulletin Board, Growth, Faraday Future, Feedback, Cryptocurrency, Security (finance)

Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF,” “Faraday Future,” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced an additional proposal for the recently announced special meeting of stockholders to limit the Company’s authorized shares available for issuance.

Key Points:

Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF,” “Faraday Future,” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced an additional proposal for the recently announced special meeting of stockholders to limit the Company’s authorized shares available for issuance.
The Board of Directors of the Company (“Board”) approved an additional proposal for approval by the Company’s stockholders at the upcoming special meeting.
The new additional proposal is designed to cap the increase in the total additional authorized shares at six times the post reverse split shares authorized assuming the previously disclosed reverse stock split proposal is approved and the reverse stock split is implemented.
The Company expects to file an amended preliminary proxy statement that includes such authorized share cap proposal shortly.

LightInTheBox Announces Share Repurchase Program

Retrieved on:

Thursday, June 29, 2023

Share repurchase, Policy, American depositary receipt, OTC Bulletin Board, LITB, LightInTheBox, NYSE, Car rental

SINGAPORE, June 29, 2023 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced that its board of directors (the "Board") authorized on June 27, 2023 a share repurchase program under which the Company may repurchase up to US$10 million of its ordinary shares in the form of American Depositary Shares no later than December 31, 2023 (the "Share Repurchase Program"), subject to the relevant rules under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Company's insider trading policy.

Key Points:

SINGAPORE, June 29, 2023 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced that its board of directors (the "Board") authorized on June 27, 2023 a share repurchase program under which the Company may repurchase up to US$10 million of its ordinary shares in the form of American Depositary Shares no later than December 31, 2023 (the "Share Repurchase Program"), subject to the relevant rules under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Company's insider trading policy.
Mr. Jian He, the Chairman and CEO of LightInTheBox, commented, "The implementation of our share repurchase program reflects the confidence of the Board and management towards the Company's strategy, operating fundamentals, and business prospects.
The Board will review the Share Repurchase Program periodically and may authorize adjustments to its terms and size or suspend or discontinue the program.
The Company expects to utilize its existing funds to fund repurchases made under the Share Repurchase Program.