Special-purpose acquisition company

Chinese Autonomous Yacht Ride Rental Company Said to Mull $1 Billion U.S. SPAC Deal

Retrieved on: 
Tuesday, February 21, 2023

The Company expects it will be listed on Nasdaq around the first quarter of 2024 at the earliest, with an estimated valuation of US$1 billion (equivalent to approximately 67 billion CNY).

Key Points: 
  • The Company expects it will be listed on Nasdaq around the first quarter of 2024 at the earliest, with an estimated valuation of US$1 billion (equivalent to approximately 67 billion CNY).
  • With integrated artificial intelligence, alternative energy propulsion and its proprietary central control system, Zero Degree’s first autonomous alternative energy yacht, Ling Ling Whale X series, improved both sailing and operation efficiency.
  • In 2020, the U.S. stock market has completed a total of 237 SPAC IPOs, raising a record amount of US$83.3 billion.
  • Once the company goes public through IPO financing, it will find target companies to merge with within 12 to 24 months.

Athenex Announces a Reverse Stock Split

Retrieved on: 
Tuesday, February 14, 2023

The Board of Directors approved a 1-for-20 reverse split ratio, and on February 13, 2023, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect the reverse stock split effective as of February 15, 2023.

Key Points: 
  • The Board of Directors approved a 1-for-20 reverse split ratio, and on February 13, 2023, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect the reverse stock split effective as of February 15, 2023.
  • As a result of the reverse stock split, every 20 shares of the Company’s common stock will automatically be combined into one share of common stock.
  • As of the effective date of the reverse stock split, the number of shares of common stock available for issuance under the Company’s equity incentive plans and issuable pursuant to equity awards and warrants outstanding immediately prior to the reverse stock split will be proportionately adjusted by the reverse stock split.
  • Shareholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to such broker’s particular processes, and will not be required to take any action in connection with the reverse stock split.

Elevate Announces Proxy Advisory Firms ISS and Glass Lewis Recommend Stockholders Vote “FOR” Proposed Acquisition by Park Cities Asset Management

Retrieved on: 
Friday, February 10, 2023

The Company is pleased that ISS and Glass Lewis share its belief that the proposed merger with Park Cities is in the best interests of all Elevate stockholders and support the Board’s recommendation that shareholders vote “FOR” the transaction.

Key Points: 
  • The Company is pleased that ISS and Glass Lewis share its belief that the proposed merger with Park Cities is in the best interests of all Elevate stockholders and support the Board’s recommendation that shareholders vote “FOR” the transaction.
  • The Company's Board of Directors recommends that stockholders vote “FOR” the proposed merger.
  • The Company’s stockholders are reminded that their vote is extremely important, no matter how many shares they own.
  • To follow the recommendations of ISS, Glass Lewis and the Company's Board of Directors, stockholders should vote “FOR” the proposed merger prior to February 14, 2023.

Digital Ally Announces Reverse Stock Split

Retrieved on: 
Tuesday, February 7, 2023

Lenexa, KS, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) (the “Company”), a market leader for advanced video solutions, revenue cycle management, and live event production and ticketing, today announced a 1-for-20 reverse split (the "Reverse Stock Split") of the Company’s common stock (the "Common Stock").

Key Points: 
  • Lenexa, KS, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) (the “Company”), a market leader for advanced video solutions, revenue cycle management, and live event production and ticketing, today announced a 1-for-20 reverse split (the "Reverse Stock Split") of the Company’s common stock (the "Common Stock").
  • On February 6, 2023, the Company filed a certificate of amendment to the Company’s articles of incorporation, as amended, with the Secretary of State of the State of Nevada to effect the Reverse Stock Split.
  • On January 13, 2023, the Company’s Board of Directors approved the one-for-twenty Reverse Stock Split.
  • Stockholders who hold their shares of Common Stock in book-entry form or in brokerage accounts or "street name" are not required to take any action to effect the exchange of their shares of Common Stock following the Reverse Stock Split.

Origin Enters into Binding Letter of Intent with Safe Supply Streaming Co., a Pharmaceutical and Narcotics Investment Company with a First Mover Advantage in the Safe Supply Narcotics Sector

Retrieved on: 
Tuesday, January 31, 2023

Having a publicly listed vehicle will provide Safe Supply with robust financial resources to fund its ambitious growth program.

Key Points: 
  • Having a publicly listed vehicle will provide Safe Supply with robust financial resources to fund its ambitious growth program.
  • Pursuant to the terms of the Letter of Intent with Safe Supply, Origin is prepared to lend up to $500,000 as interim financing to allow Safe Supply to execute upon its business plan.
  • The resulting issuer that will exist upon completion of the Transaction (the “Resulting Issuer”) will change its business to that of Safe Supply.
  • All information contained in this press release with respect to Safe Supply, its business, the market in which it operates and the Private Placement was supplied by Safe Supply for inclusion herein.

Avenue Therapeutics Announces Closing of $3.25 Million Registered Direct and Private Placement

Retrieved on: 
Tuesday, January 31, 2023

The Company issued 1,940,299 shares of common stock and pre-funded warrants to acquire common stock in a registered direct offering.

Key Points: 
  • The Company issued 1,940,299 shares of common stock and pre-funded warrants to acquire common stock in a registered direct offering.
  • The private placement warrants will be exercisable immediately subject to registration and will have a 3-year term from the initial exercise date.
  • Aggregate gross proceeds to the Company of both transactions were approximately $3.25 million.
  • The registered direct offering is being made pursuant to an effective shelf registration statement on Form S-3 (No.

SageHome adds CareFree Home Pros to its group of companies

Retrieved on: 
Monday, January 30, 2023

Serving customers across Connecticut, CareFree is expert in fast ‘one-day’ installations of low threshold showers, which minimize disruption for homeowners.

Key Points: 
  • Serving customers across Connecticut, CareFree is expert in fast ‘one-day’ installations of low threshold showers, which minimize disruption for homeowners.
  • SageHome is pursuing a dual strategy of rapid organic growth and strategic acquisition to build its presence across the United States.
  • CareFree is the third acquisition for SageHome, which during 2022, achieved strong growth, expanding its operations from 6 to 14 states and increasing revenues by 70% year-on-year.
  • CareFree will provide a platform for geographic expansion and future growth in New England and the Northeast.

Avenue Therapeutics Announces $3.25 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules

Retrieved on: 
Friday, January 27, 2023

The private placement warrants will be exercisable immediately subject to registration and will have a 3-year term from the initial exercise date.

Key Points: 
  • The private placement warrants will be exercisable immediately subject to registration and will have a 3-year term from the initial exercise date.
  • Aggregate gross proceeds to the Company of both transactions are expected to be approximately $3.25 million.
  • The transactions are expected to close on or about January 31, 2023, subject to the satisfaction of customary closing conditions.
  • The entire transaction has been priced at the market under Nasdaq rules.

Avila Energy Corporation announces the signing of a Non-Binding Letter of Intent with Insight Acquisition Corp to combine with the Company

Retrieved on: 
Thursday, January 26, 2023

The parties may also further extend such term on a mutually agreeable basis.

Key Points: 
  • The parties may also further extend such term on a mutually agreeable basis.
  • The Transaction, which will constitute the de-SPAC transaction of IAC, is expected to close later this year (the “Closing”).
  • Any proceeds that remain in trust following such redemption will be available to the Surviving Company at the Closing.
  • No minimum cash condition or other required financing is expected to be a condition to Closing the Transaction.

FLJ Group Limited Files Annual Report on Form 20-F for Fiscal Year 2022

Retrieved on: 
Monday, January 23, 2023

SHANGHAI, China, Jan. 23, 2023 (GLOBE NEWSWIRE) -- FLJ Group Limited (NASDAQ: FLJ) (the “Company”), a leading technology-driven long-term apartment rental platform in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended September 30, 2022 with the Securities and Exchange Commission ("SEC") on January 23, 2023.

Key Points: 
  • SHANGHAI, China, Jan. 23, 2023 (GLOBE NEWSWIRE) -- FLJ Group Limited (NASDAQ: FLJ) (the “Company”), a leading technology-driven long-term apartment rental platform in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended September 30, 2022 with the Securities and Exchange Commission ("SEC") on January 23, 2023.
  • The annual report can be accessed on the Company's investor relations website at https://ir.qk365.com/ as well as the SEC's website at http://www.sec.gov.
  • The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request.
  • Requests should be directed to the Company's IR Department at [email protected] .