Convertible security

onsemi Announces Proposed Private Offering of $1.1 Billion of Convertible Senior Notes

Retrieved on: 
Wednesday, February 22, 2023

ON Semiconductor Corporation (Nasdaq: ON) (“onsemi”) announced today that it intends to offer, subject to market and other conditions, $1.1 billion aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private offering.

Key Points: 
  • ON Semiconductor Corporation (Nasdaq: ON) (“onsemi”) announced today that it intends to offer, subject to market and other conditions, $1.1 billion aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private offering.
  • The initial conversion rate and other terms of the notes will be determined by negotiations between onsemi and the initial purchasers of the notes.
  • In connection with this offering, onsemi may use cash on hand to repurchase up to $100.0 million of its common stock from purchasers of the notes in this offering.
  • If the initial purchasers exercise their option to purchase additional notes, onsemi expects to enter into additional convertible note hedge and warrant transactions.

Bragg Closes US$8.7 Million Financing Arrangement

Retrieved on: 
Tuesday, September 13, 2022

Bragg intends to use the funding for general and corporate working capital purposes.

Key Points: 
  • Bragg intends to use the funding for general and corporate working capital purposes.
  • The listing is subject to the Company fulfilling all of the requirements of the TSX on or before October 13, 2022.
  • Bragg Gaming Group ( NASDAQ: BRAG , TSX: BRAG ) is a content-driven iGaming technology provider and owner of leading B2B companies in the iGaming industry.
  • Linds funds make direct investments ranging from US$1 to US$30 million, invest in syndicated equity offerings and selectively buy on market.

Bragg Gaming Secures U.S.$8.7 Million Funding for Company’s Further Execution on Its Growth Initiatives

Retrieved on: 
Tuesday, September 6, 2022

Yaniv Sherman, Chief Executive Officer of Bragg Gaming Group, commented, We highly appreciate the confidence demonstrated by Lind and we are excited about the opportunity this growth capital affords Bragg.

Key Points: 
  • Yaniv Sherman, Chief Executive Officer of Bragg Gaming Group, commented, We highly appreciate the confidence demonstrated by Lind and we are excited about the opportunity this growth capital affords Bragg.
  • Lind is extremely excited about its investment in Bragg," said Phillip Valliere, Managing Director at The Lind Partners.
  • Bragg has rapidly grown its gaming technology businesses and continues to expand its footprint, globally.
  • Bragg will receive net proceeds of approximately US$8.2 million from the Funding after fees.

LMP Capital and Income Fund Inc. Announces Change in Portfolio Managers

Retrieved on: 
Tuesday, July 26, 2022

LMP Capital and Income Fund Inc. (the Fund) (NYSE: SCD) announced today that effective August 1, 2022, Patrick McElroy, CFA, will join the portfolio management team of the Fund.

Key Points: 
  • LMP Capital and Income Fund Inc. (the Fund) (NYSE: SCD) announced today that effective August 1, 2022, Patrick McElroy, CFA, will join the portfolio management team of the Fund.
  • The Funds investment professionals at ClearBridge Investments, LLC (ClearBridge) also include Peter Vanderlee, CFA, Mark McAllister, CFA and Tatiana Eades.
  • It is anticipated that Mr. McAllister will retire and step down as a member of the Funds portfolio management team on or about December 31, 2022.
  • Through its specialist investment managers, the company brings extensive capabilities in fixed income, equity, alternatives and multi-asset solutions.

Phoenix Gold Fund Limited

Retrieved on: 
Tuesday, August 3, 2021

Vancouver, British Columbia--(Newsfile Corp. - August 3, 2021) - Phoenix Gold Fund Limited ("Phoenix") of Kuala Lumpur, Malaysia, announces it has acquired ownership of an aggregate of 10,000,000 common shares of Tembo Gold Corp. (the "Issuer") pursuant to a non-brokered private placement (the "Offering").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - August 3, 2021) - Phoenix Gold Fund Limited ("Phoenix") of Kuala Lumpur, Malaysia, announces it has acquired ownership of an aggregate of 10,000,000 common shares of Tembo Gold Corp. (the "Issuer") pursuant to a non-brokered private placement (the "Offering").
  • Phoenix acquired the common shares at a price of C$0.15 per share for a total purchase price of C$1,500,000.
  • Immediately prior to the acquisition, Phoenix owned 999,999 common shares of the Issuer, representing 1.26% of the issued and outstanding shares of the Issuer.
  • Phoenix does not beneficially own or control any convertible securities of the Issuer.

Electrum Strategic Opportunities Fund II L.P. Sells Common Shares of Constantine Metal Resources Ltd.

Retrieved on: 
Thursday, July 29, 2021

NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) --  Electrum Strategic Opportunities Fund II L.P. (“Electrum”) has sold, pursuant to the terms of certain share purchase agreements dated July 29, 2021 (the “Purchase Agreements”), 4,411,764 common shares (the “Purchased Shares”) of Constantine Metal Resources Ltd. (the “issuer”) to certain third-party purchasers (the “Transaction”) for $0.27 per Purchased Share for a total purchase price of $1,191,176.28 (the “Purchase Price”).

Key Points: 
  • NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Electrum Strategic Opportunities Fund II L.P. (Electrum) has sold, pursuant to the terms of certain share purchase agreements dated July 29, 2021 (the Purchase Agreements), 4,411,764 common shares (the Purchased Shares) of Constantine Metal Resources Ltd. (the issuer) to certain third-party purchasers (the Transaction) for $0.27 per Purchased Share for a total purchase price of $1,191,176.28 (the Purchase Price).
  • As a result of the Transaction, Electrum currently owns no common shares and 8,823,529 warrants (Warrants) representing 15.3% of the issued and outstanding common shares (Common Shares) upon the exercise of the Warrants (assuming that all of the Warrants owned by Electrum immediately following the Closing are exercised and that no other securities, including those convertible into, or exercisable for, Common Shares, are issued, converted or exercised).
  • Electrum Global Holdings L.P., a joint actor (as such term is defined in National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues) of Electrum, owns 250,000 Common Shares representing 0.51% of the Common Shares of the issuer.
  • Electrum is located at 535 Madison Avenue, 12th Floor, New York, NY 10022, USA.

Xeris Pharmaceuticals Provides Announcement Under the Irish Takeover Rules for Relevant Securities in Issue

Retrieved on: 
Thursday, July 29, 2021

Upon exercise, each Xeris Stock Option entitles the holder to purchase one share of common stock at the applicable exercise price.

Key Points: 
  • Upon exercise, each Xeris Stock Option entitles the holder to purchase one share of common stock at the applicable exercise price.
  • Upon conversion of the Xeris Convertible Notes, up to 15,416,667 shares of Xeris common stock may be issued.
  • A disclosure table, giving details of the companies in whose relevant securities dealings should be disclosed, can be found on the Irish Takeover Panels website at www.irishtakeoverpanel.ie .
  • Terms in single quotation marks are defined in the Irish Takeover Rules, which can also be found on the Irish Takeover Panels website.

BIONIK Laboratories Announces $5 Million Capital Raise through Issuance of Convertible Notes

Retrieved on: 
Thursday, July 29, 2021

Of the $5 million, 80% comes from new investors, highlighting confidence as the Company continues to enhance its technology offerings for commercial applications.

Key Points: 
  • Of the $5 million, 80% comes from new investors, highlighting confidence as the Company continues to enhance its technology offerings for commercial applications.
  • In addition, the Company also eliminated approximately $3.9 million in total existing term loans by applying such amounts to purchase approximately $3.3 million of additional convertible promissory notes and an aggregate of 231,518 common shares of BIONIK.
  • The convertible notes have a maturity date of March 31, 2022 and convert into common stock at the maturity date.
  • BIONIK Laboratories is a robotics company focused on providing rehabilitation and mobility solutions to individuals with neurological and mobility challenges from hospital to home.

Cowen Declares Quarterly Dividend On Its Series A Cumulative Perpetual Convertible Preferred Stock

Retrieved on: 
Wednesday, July 28, 2021

NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (Cowen or the Company) today announced that its Board of Directors has declared a quarterly cash dividend of $14.06 per share on the Companys 5.625% Series A Cumulative Perpetual Convertible Preferred Stock (the Convertible Preferred Stock).

Key Points: 
  • NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (Cowen or the Company) today announced that its Board of Directors has declared a quarterly cash dividend of $14.06 per share on the Companys 5.625% Series A Cumulative Perpetual Convertible Preferred Stock (the Convertible Preferred Stock).
  • The quarterly dividend on the Convertible Preferred Stock is payable on August 16, 2021, to holders of record at the close of business on August 1, 2021.
  • Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform.
  • Founded in 1918, the Company is headquartered inNew Yorkand has offices worldwide.

Wyloo Metals confirms its intention to convert loan

Retrieved on: 
Saturday, July 24, 2021

PERTH, Australia, July 23, 2021 (GLOBE NEWSWIRE) -- Wyloo Metals Pty Ltd. (Wyloo Metals) is pleased to provide an update in relation to the US$15 million convertible loan (the Convertible Loan) provided to Noront Resources Ltd. (TSXV:NOT) (Noront).

Key Points: 
  • PERTH, Australia, July 23, 2021 (GLOBE NEWSWIRE) -- Wyloo Metals Pty Ltd. (Wyloo Metals) is pleased to provide an update in relation to the US$15 million convertible loan (the Convertible Loan) provided to Noront Resources Ltd. (TSXV:NOT) (Noront).
  • On December 7, 2020, Wyloo Canada Holdings Pty Ltd (Wyloo Canada), a wholly-owned subsidiary of Wyloo Metals, entered into an agreement with Resource Capital Fund V L.P. (RCF) to acquire its interests in Noront, including the Convertible Loan.
  • The maturity date of the loan is September 30, 2021 and it is convertible into common shares of Noront at the option of Wyloo Metals at Cdn$0.20 per common share.
  • Wyloo Metals confirms that it intends to convert the Convertible Loan at or before the maturity date into common shares of Noront, rather than seek repayment from Noront in cash.