Transaction

Lithium Argentina Announces Ganfeng Lithium Agrees to Acquire Interest in Pastos Grandes for $70M

Retrieved on: 
Tuesday, March 5, 2024

VANCOUVER, British Columbia, March 05, 2024 (GLOBE NEWSWIRE) -- Lithium Americas (Argentina) Corp. (TSX/NYSE: LAAC) (“Lithium Argentina” or the “Company”) is pleased to announce it and certain of its subsidiaries have executed a definitive agreement (the “Transaction”) with a subsidiary of Ganfeng Lithium Co. Ltd. (“Ganfeng Lithium”,) whereby Ganfeng Lithium agrees to acquire $70 million in newly issued shares of Proyecto Pastos Grandes S.A. (“PGCo”), the Company’s indirect wholly-owned Argentinian subsidiary holding the Pastos Grandes project (“Pastos Grandes” or “Project”) in Salta, Argentina, which is expected to represent an approximate 15% interest in PGCo and the Project.

Key Points: 
  • VANCOUVER, British Columbia, March 05, 2024 (GLOBE NEWSWIRE) -- Lithium Americas (Argentina) Corp. (TSX/NYSE: LAAC) (“Lithium Argentina” or the “Company”) is pleased to announce it and certain of its subsidiaries have executed a definitive agreement (the “Transaction”) with a subsidiary of Ganfeng Lithium Co. Ltd. (“Ganfeng Lithium”,) whereby Ganfeng Lithium agrees to acquire $70 million in newly issued shares of Proyecto Pastos Grandes S.A. (“PGCo”), the Company’s indirect wholly-owned Argentinian subsidiary holding the Pastos Grandes project (“Pastos Grandes” or “Project”) in Salta, Argentina, which is expected to represent an approximate 15% interest in PGCo and the Project.
  • Pastos Grandes is an advanced stage lithium brine project acquired by the Company in early 2022 with the acquisition of Millennial Lithium Inc.
  • The Project is in the same basin as the Sal de la Puna project (together, the “Pastos Grandes Basin”), adjacent to Ganfeng Lithium’s Pozuelos-Pastos Grandes project (“PPG”) and 100 km from the operating Caucharí-Olaroz project (“Caucharí-Olaroz”) jointly owned and operated by Lithium Argentina and Ganfeng Lithium.
  • Proceeds of the subscription are to be allocated to the advancement of the Company's lithium projects in Argentina.

Update to Medium-Term Financial Guidance and 2023 Trading and Notice of Preliminary Results

Retrieved on: 
Tuesday, March 5, 2024

Additionally, the Company announces that it will report its Preliminary Results for the twelve months ended 31 December 2023 on Monday 29 April 2024.

Key Points: 
  • Additionally, the Company announces that it will report its Preliminary Results for the twelve months ended 31 December 2023 on Monday 29 April 2024.
  • In line with guidance provided at the Interim Results, revenues for the year ended 31 December 2023 are expected to be approximately £90 million.
  • Operating EBITDA loss for the second half of 2023 is on track to be approximately £10 million better than the first half, as previously guided.
  • A briefing for investors and analysts will take place at 13:00 BST / 08:00 ET at One Moorgate Place, London, EC2R 6EA.

Shenandoah Telecommunications Company to Sell its Towers for $310 Million

Retrieved on: 
Friday, March 1, 2024

EDINBURG, Va., March 01, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced that it has entered into a Purchase and Sale Agreement with Vertical Bridge Holdco, LLC (“Vertical Bridge”) to sell its tower portfolio and operations (“Tower Portfolio”) to Vertical Bridge for $310.3 million in cash (the “Transaction”).

Key Points: 
  • EDINBURG, Va., March 01, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced that it has entered into a Purchase and Sale Agreement with Vertical Bridge Holdco, LLC (“Vertical Bridge”) to sell its tower portfolio and operations (“Tower Portfolio”) to Vertical Bridge for $310.3 million in cash (the “Transaction”).
  • Vertical Bridge will pay Shentel the $310.3 million purchase price on the date of the initial closing.
  • The Company expects to pay up to $10 million in 2024 income taxes as a result of the gain on the sale after utilization of net operating loss carryforwards.
  • The Shentel Tower Portfolio being sold consists of 226 tower portfolio sites1 and generated $18.6 million in revenue, $9.5 million of operating income and $11.6 million of Adjusted EBITDA2 in 2023.

Fresh Vine Wine Inc Reaches Marketing Agreement with Splash Wines, Inc., the Highest Rated Direct-to-Consumer Digital Wine Company in the USA

Retrieved on: 
Thursday, February 29, 2024

CHARLOTTE, N.C., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Fresh Vine Wine Inc (NYSE: American VINE) today announced that it has reached a marketing agreement with Splash Wines, Inc., the highest rated direct-to-consumer digital wine company in the USA.

Key Points: 
  • CHARLOTTE, N.C., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Fresh Vine Wine Inc (NYSE: American VINE) today announced that it has reached a marketing agreement with Splash Wines, Inc., the highest rated direct-to-consumer digital wine company in the USA.
  • The agreement is designed to expand purchase opportunities for customers of both companies where Fresh Vine Wines focuses on sales of premium low carb wines from California, and Splash features wine from international sources.
  • Splash is a great company with a tremendously loyal customer base as evidenced by over 29,000 five-star reviews,” states Michael Pruitt, Fresh Vine’s Chairman and CEO.
  • “We are excited that this association will give our customers broader options to purchase quality wines at great prices.”
    Garrett Imeson, Splash Chief Marketing Officer, echoed the sentiment.

VAALCO Energy, Inc. Announces Accretive All Cash Acquisition Expanding Its West African Footprint

Retrieved on: 
Thursday, February 29, 2024

Svenska’s primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa.

Key Points: 
  • Svenska’s primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa.
  • The gross consideration for the Acquisition is $66.5 million, subject to customary closing adjustments, with an effective date of October 1, 2023.
  • Closing of the Acquisition is expected in the second quarter of 2024, with ultimate timing dependent on final receipt of all necessary approvals.
  • VAALCO currently estimates that the net cash due at closing will be in the range of approximately $30 to $40 million, dependent on timing.

Intchains Announces Closing of Acquisition of Goldshell Brand-related Assets

Retrieved on: 
Wednesday, February 28, 2024

SHANGHAI, China, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) (“Intchains,” “we,” or the “Company”), a provider of integrated solutions consisting of high-performance computing ASIC chip products and ancillary software and hardware for blockchain applications, today announced that it has completed its previously reported acquisition of certain assets from Singapore-based GOLDSHELL PTE.

Key Points: 
  • SHANGHAI, China, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) (“Intchains,” “we,” or the “Company”), a provider of integrated solutions consisting of high-performance computing ASIC chip products and ancillary software and hardware for blockchain applications, today announced that it has completed its previously reported acquisition of certain assets from Singapore-based GOLDSHELL PTE.
  • LTD. (the “Seller”), pursuant to an asset acquisition agreement (the “Asset Acquisition Agreement”) entered between the Company and the Seller dated December 8, 2023 (the “Transaction”).
  • “Our broad expertise across blockchain applications, coupled with Goldshell's well-established infrastructure strength, will bolster our market presence and strengthen our positioning.
  • We are confident that the synergies generated by this transaction will yield great benefits for both Intchains and our stakeholders.”

SRS Real Estate Partners Adds Top Southern California Retail Brokerage Team and Launches Inland Empire Office

Retrieved on: 
Tuesday, February 27, 2024

Dallas, TX, United States, Feb. 27, 2024 (GLOBE NEWSWIRE) -- SRS Real Estate Partners announced today the expansion of its Southern  California presence with the addition of a market-leading retail team led by real estate veteran Nick Wirick who will serve as Senior Vice President and Managing Principal.

Key Points: 
  • Dallas, TX, United States, Feb. 27, 2024 (GLOBE NEWSWIRE) -- SRS Real Estate Partners announced today the expansion of its Southern  California presence with the addition of a market-leading retail team led by real estate veteran Nick Wirick who will serve as Senior Vice President and Managing Principal.
  • With this addition, SRS is opening its first Inland Empire office, where the team will be based, at 3390 University Avenue in Riverside.
  • The team focuses on tenant and owner services primarily in the Inland Empire, a market experiencing substantial growth over the past decade.
  • “As a top team in the region, they are a perfect fit for SRS and will integrate seamlessly with our existing team of 20 retail brokers here.

Leading Independent Proxy Advisory Firm ISS Recommends Aeterna Zentaris and Ceapro Securityholders Vote FOR the Arrangement Agreement to Approve the Merger of Equals to Create a Diversified Biopharmaceutical Company

Retrieved on: 
Monday, February 26, 2024

These revenue streams will be used to support the development of high potential-return products and represent a more diversified value proposition for investors.

Key Points: 
  • These revenue streams will be used to support the development of high potential-return products and represent a more diversified value proposition for investors.
  • The issuance of Aeterna Zentaris Shares, Transaction Warrants and Replacement Options by Aeterna Zentaris under the Transaction is subject to the approval of a simple majority of the votes cast by Aeterna shareholders at a special meeting of Aeterna Zentaris shareholders.
  • ISS recommended that Aeterna Zentaris shareholders vote FOR all of these resolutions as part of the Transaction.
  • Aeterna Zentaris and Ceapro securityholders must vote their proxy before 11:00 a.m. (Eastern time) on March 8, 2024.

Leading Independent Proxy Advisory Firm ISS Recommends Aeterna Zentaris and Ceapro Securityholders Vote FOR the Arrangement Agreement to Approve the Merger of Equals to Create a Diversified Biopharmaceutical Company

Retrieved on: 
Monday, February 26, 2024

These revenue streams will be used to support the development of high potential-return products and represent a more diversified value proposition for investors.

Key Points: 
  • These revenue streams will be used to support the development of high potential-return products and represent a more diversified value proposition for investors.
  • The issuance of Aeterna Zentaris Shares, Transaction Warrants and Replacement Options by Aeterna Zentaris under the Transaction is subject to the approval of a simple majority of the votes cast by Aeterna shareholders at a special meeting of Aeterna Zentaris shareholders.
  • ISS recommended that Aeterna Zentaris shareholders vote FOR all of these resolutions as part of the Transaction.
  • Aeterna Zentaris and Ceapro securityholders must vote their proxy before 11:00 a.m. (Eastern time) on March 8, 2024.

Alvotech Accepts Offer for the Sale of Shares for a value of approximately USD 166 million at a Purchase price of USD 16.41 (ISK 2,250) per Share

Retrieved on: 
Monday, February 26, 2024

The Shares are expected to be delivered to the Investors from previously issued treasury shares held by Alvotech’s subsidiary, Alvotech Manco ehf.

Key Points: 
  • The Shares are expected to be delivered to the Investors from previously issued treasury shares held by Alvotech’s subsidiary, Alvotech Manco ehf.
  • The Transaction will be made on the Nasdaq Iceland Exchange.
  • A final binding offer for the Shares was made by the Investors and accepted by Alvotech this morning, on February 26, 2024.
  • Alvotech intends to use the net proceeds from the Transaction for general corporate purposes and working capital, to strengthen its production capacity and to support expected biosimilars launches.