Special-purpose acquisition company

TriNet Group, Inc. Commences a Fixed Price Tender Offer to Repurchase up to 5,981,308 Shares (Representing Approximately $640 million in Value of Shares)

Retrieved on: 
Tuesday, August 1, 2023

If the tender offer is not fully subscribed and fewer than 3,644,859 shares are properly tendered and not properly withdrawn pursuant to the tender offer, the Company will repurchase that number of shares properly tendered and not properly withdrawn pursuant to the tender offer and the Company will repurchase only 3,364,486 shares from Atairos under the Repurchase Agreement.

Key Points: 
  • If the tender offer is not fully subscribed and fewer than 3,644,859 shares are properly tendered and not properly withdrawn pursuant to the tender offer, the Company will repurchase that number of shares properly tendered and not properly withdrawn pursuant to the tender offer and the Company will repurchase only 3,364,486 shares from Atairos under the Repurchase Agreement.
  • Stockholders must make their own decisions as to whether to tender their shares and, if so, how many shares to tender.
  • Morgan Stanley & Co. LLC, BofA Securities, Inc. and Truist Securities, Inc. are acting as dealer managers for the Tender Offer.
  • Stockholders are urged to carefully read all of these materials prior to making any decision with respect to the Tender Offer.

MOGU Files Annual Report on Form 20-F for Fiscal Year 2023

Retrieved on: 
Monday, July 31, 2023

MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a KOL-driven online fashion and lifestyle destination in China, today filed its annual report on Form 20-F for the fiscal year ended March 31, 2023 with the U.S. Securities and Exchange Commission ("SEC").

Key Points: 
  • MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a KOL-driven online fashion and lifestyle destination in China, today filed its annual report on Form 20-F for the fiscal year ended March 31, 2023 with the U.S. Securities and Exchange Commission ("SEC").
  • The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.
  • Requests should be directed to the Company's IR Department at [email protected] .

TriNet Group, Inc. Announces Intention to Launch a Combined $1 Billion Fixed Price Tender Offer and Repurchase from Atairos, each at a Price of $107 Per Share of Common Stock

Retrieved on: 
Monday, July 31, 2023

Assuming the Tender Offer is fully subscribed, both transactions together will result in the repurchase of approximately $1 billion in shares.

Key Points: 
  • Assuming the Tender Offer is fully subscribed, both transactions together will result in the repurchase of approximately $1 billion in shares.
  • "For some time, we have believed that TriNet's stock represents significant value, especially in light of our recent financial and operating performance.
  • TriNet has not yet commenced the Tender Offer described herein, and there can be no assurance that TriNet will commence the Tender Offer on the terms described in this press release.
  • Stockholders are urged to carefully read all of those materials when they become available prior to making any decision with respect to the Tender Offer.

VOLT LITHIUM ANNOUNCES FILING OF PROSPECTUS SUPPLEMENT IN RESPECT OF $6 MILLION MARKETED PUBLIC OFFERING OF UNITS AND ANNOUNCES $1.2 MILLION CONCURRENT PRIVATE PLACEMENT OF UNITS

Retrieved on: 
Friday, July 28, 2023

Canaccord Genuity Corp. (“Canaccord Genuity”) are leading the Offering on behalf of a syndicate of agents including Paradigm Capital Inc. (collectively, the “Agents”).

Key Points: 
  • Canaccord Genuity Corp. (“Canaccord Genuity”) are leading the Offering on behalf of a syndicate of agents including Paradigm Capital Inc. (collectively, the “Agents”).
  • Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.33 for 24 months following the completion of the Offering.
  • If the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Offering will be $6,900,000.
  • The aggregate gross proceeds from the Offering (assuming full exercise of the Over-Allotment Option) and the Concurrent Private Placement will be approximately $8,100,000.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Acquisition of Paratek Pharmaceuticals, Inc. by Gurnet Point Capital

Retrieved on: 
Tuesday, July 18, 2023

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of Paratek by Gurnet Point Capital ("Gurnet").

Key Points: 
  • You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of Paratek by Gurnet Point Capital ("Gurnet").
  • As a result of the merger, Paratek stockholders are anticipated to receive only $2.15 share and a contingent value right of $0.85 per share.
  • Paratek management will receive a windfall of $40.6 million under the Company's Revenue Performance Incentive Plan.
  • Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington, D.C.

Portage Fintech Acquisition Corporation Announces Postponement of Extraordinary General Meeting

Retrieved on: 
Saturday, July 15, 2023

Portage Fintech Acquisition Corporation (the "Company") today announced that it will postpone the Extraordinary General Meeting, originally scheduled to be held at 10:00 a.m., Eastern Time on July 19, 2023, to 10:00 a.m., Eastern Time on July 21, 2023.

Key Points: 
  • Portage Fintech Acquisition Corporation (the "Company") today announced that it will postpone the Extraordinary General Meeting, originally scheduled to be held at 10:00 a.m., Eastern Time on July 19, 2023, to 10:00 a.m., Eastern Time on July 21, 2023.
  • There is no change to the location, the record date, the purpose or any of the proposals to be acted upon at the Extraordinary General Meeting.
  • Shareholders can demand redemption prior to 5:00 p.m. Eastern time on July 19, 2023 (two business days before the postponed Extraordinary General Meeting).
  • This press release contains statements that constitute "forward-looking statements," including with respect to the date of the Extraordinary General Meeting.

Pegasus Digital Mobility Acquisition Corp. Announces Third Extension and Further Voluntary Payments Into Trust Account

Retrieved on: 
Friday, July 14, 2023

The Company intends to utilize the further time available to it until December 31, 2023 to consummate its proposed Business Combination with Gebr.

Key Points: 
  • The Company intends to utilize the further time available to it until December 31, 2023 to consummate its proposed Business Combination with Gebr.
  • The monthly contribution shall be equal to $0.03 (three U.S. cents) per Public Share (as defined below) then outstanding.
  • Public Shareholders may elect to redeem all or a portion of their Public Shares.
  • The Company does not have any control over this process or over the brokers or The Depository Trust Company.

3radical prepares for next stage of growth - plans to list on London Stock Exchange via Reverse Takeover with Electric Guitar

Retrieved on: 
Friday, July 7, 2023

BRISTOL, England, July 7, 2023 /PRNewswire/ -- 3radical, the developer of the audience engagement and first party data acquisition platform Voco, today announces that it has entered non-binding heads of terms, subject to due diligence and appropriate approvals, to enter into a Reverse Takeover with Electric Guitar plc (ELEG.L) a listed Special Purpose Acquisition Company that it is proposed will move from the Standard List to the AIM market of the London Stock Exchange as part of the transaction.

Key Points: 
  • Electric Guitar plc was formed in 2021 by industry experts to acquire world-class data and technology businesses to create a global company that is a leader in the People First era.
  • The reverse takeover by 3radical will be the first transaction to be undertaken by Electric Guitar and will underpin the accelerated roll out of 3radical's platform and provide the opportunity to further broaden the capabilities of the business.
  • This requires marketers to earn and effectively use first party data - an area expected by 3radical to see very substantial growth.
  • Electric Guitar is a group of likeminded industry experts, creating a business with the resources to scale swiftly and to capitalise on this disruption.

3radical prepares for next stage of growth - plans to list on London Stock Exchange via Reverse Takeover with Electric Guitar

Retrieved on: 
Friday, July 7, 2023

BRISTOL, England, July 7, 2023 /PRNewswire/ -- 3radical, the developer of the audience engagement and first party data acquisition platform Voco, today announces that it has entered non-binding heads of terms, subject to due diligence and appropriate approvals, to enter into a Reverse Takeover with Electric Guitar plc (ELEG.L) a listed Special Purpose Acquisition Company that it is proposed will move from the Standard List to the AIM market of the London Stock Exchange as part of the transaction.

Key Points: 
  • Electric Guitar plc was formed in 2021 by industry experts to acquire world-class data and technology businesses to create a global company that is a leader in the People First era.
  • The reverse takeover by 3radical will be the first transaction to be undertaken by Electric Guitar and will underpin the accelerated roll out of 3radical's platform and provide the opportunity to further broaden the capabilities of the business.
  • This requires marketers to earn and effectively use first party data - an area expected by 3radical to see very substantial growth.
  • Electric Guitar is a group of likeminded industry experts, creating a business with the resources to scale swiftly and to capitalise on this disruption.

IBN Designated Official Media Partner of the DealFlow Events June 2023 SPAC Conference

Retrieved on: 
Thursday, June 29, 2023

RYE, N.Y., June 29, 2023 (GLOBE NEWSWIRE) -- via InvestorWire – IBN (“InvestorBrandNetwork”), a multifaceted communications organization engaged in connecting companies to the investment community through 60+ brands, today announces that it has been selected as the official media partner for The SPAC Conference 2023 , hosted by DealFlow Financial Products, Inc. (“DealFlow Events”).

Key Points: 
  • RYE, N.Y., June 29, 2023 (GLOBE NEWSWIRE) -- via InvestorWire – IBN (“InvestorBrandNetwork”), a multifaceted communications organization engaged in connecting companies to the investment community through 60+ brands, today announces that it has been selected as the official media partner for The SPAC Conference 2023 , hosted by DealFlow Financial Products, Inc. (“DealFlow Events”).
  • The conference will be held June 28-29 at the Westchester Country Club on Biltmore Avenue in Rye, New York.
  • We are very pleased to continue collaborating with IBN as they continue to raise the visibility of our events throughout the online investment community,” said Steven Dresner , CEO of DealFlow Events.
  • “We appreciate their highly professional and energetic team.”
    Jonathan Keim, communications director for IBN, added, “Over the past two decades, DealFlow Events has become a key leader in the financial events space.