Convertible security

FOOTHILLS EXPLORATION, INC. ANNOUNCES ELIMINATION OF MORE THAN $1.6 MILLION OF OUTSTANDING VARIABLE-RATE CONVERTIBLE DEBT

Retrieved on: 
Thursday, June 24, 2021
Finance, Financial economics, Legal documents, Corporate finance, Money, Convertible bond, Promissory note, Convertible security

To that end, the Company has reached settlement and mutual release agreements with and/or repaid and retired convertible promissory notes with all but one of its variable-rate convertible noteholders.

Key Points: 
  • To that end, the Company has reached settlement and mutual release agreements with and/or repaid and retired convertible promissory notes with all but one of its variable-rate convertible noteholders.
  • Over the past 100 days, the Company has paid $1.6 million to retire 10 variable-rate convertible promissory notes.
  • This is a significant accomplishment, which positions the Company for tremendous future growth, commended Kevin J. Sylla, Executive Chairman of Foothills.
  • The Company notes that all of its outstanding capital obligations to its convertible noteholders were subject to conversion at a significant discount to the stocks current trading price.

Bioasis Technologies enters into Convertible Security Funding Agreement for Institutional Investment of up to C$10 million

Retrieved on: 
Wednesday, June 23, 2021
Stock market, Convertible security, Convertible, Security

Under the terms of the Agreement, Bioasis may issue to Lind convertible securities in the principal amount of up to C$10,000,000, with such proceeds being used for general working capital.

Key Points: 
  • Under the terms of the Agreement, Bioasis may issue to Lind convertible securities in the principal amount of up to C$10,000,000, with such proceeds being used for general working capital.
  • Commencing 180 days from closing, Bioasis will begin repaying the First Convertible Security in C$125,000 installments.
  • The Agreement also includes an option for Bioasis to receive additional investments from Lind of up to C$7,000,000, in exchange for a convertible security with similar terms to the First Convertible Security, subject to mutual agreement and TSX Venture approval.
  • Closing of the First Convertible Security is expected to occur on or about June 25, 2021, subject to customary closing conditions.

Bentley Systems Announces Launch of Private Offering of Convertible Senior Notes

Retrieved on: 
Tuesday, June 22, 2021
Technology, Manufacturing, Semiconductor, Security, Telecommunications, Photography, Software, Nanotechnology, Engineering, Hardware, Electronic design automation, Finance, Debt, Money, Contract law, Option, Arrears, Convertible security, Bentley, Corporate finance

Bentley also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $75.0 million aggregate principal amount of Notes.

Key Points: 
  • Bentley also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $75.0 million aggregate principal amount of Notes.
  • The Notes will be senior unsecured obligations of Bentley and will accrue interest payable semiannually in arrears.
  • The Notes will be convertible into cash, shares of Bentleys Class B common stock (common stock) or a combination thereof at Bentleys election.
  • The interest rate, initial conversion rate and other terms of the Notes will be determined at the time of pricing of the offering.

DGAP-News: fox e-mobility AG issues first tranche of the mandatory convertible bond with Atlas Capital with a nominal amount of EUR 3 million

Retrieved on: 
Tuesday, June 22, 2021
Financial markets, Finance, Financial economics, Corporate finance, Convertible bond, Convertible security, Bond

These mandatory convertible notes represent the first tranche of a total issue of up to EUR 25 million, the successful placement of which was secured by an agreement between Atlas Capital Ltd. ("Atlas Capital") and the company in April.

Key Points: 
  • These mandatory convertible notes represent the first tranche of a total issue of up to EUR 25 million, the successful placement of which was secured by an agreement between Atlas Capital Ltd. ("Atlas Capital") and the company in April.
  • The convertible bonds will be issued excluding shareholders' subscription rights at a subscription price of 95% of the nominal amount exclusively to Atlas Capital and do not bear interest.
  • The term is 3 years and the convertible bonds are convertible into shares of the company by the holder at any time.
  • The management team consists of seasoned managers and engineers from the world's largest automotive groups who have in-depth expertise and a comprehensive network for electro-mobility.

KWG Grants Options and Proposes Private Placement of $5 Million Convertible Debenture

Retrieved on: 
Friday, June 18, 2021
Finance, Money, Sports, Options, Corporate finance, Debenture, Debt, Convertible security, Exercise

20,667 options were awarded to the Company's four executive officers, 51,164 to its three non-executive directors and 26,986 to seven consultants.

Key Points: 
  • 20,667 options were awarded to the Company's four executive officers, 51,164 to its three non-executive directors and 26,986 to seven consultants.
  • The options may be exercised at any time prior to their expiry on June 18th, 2026.
  • The Company also announces that it proposes to complete a private placement of debentures convertible at the holder's option at any time or Company's option after the first anniversary date into treasury units at $15 each (a "Unit"), for total proceeds of $5 million.
  • The debentures will bear interest at 12% payable in Units at maturity on June 30, 2023, or upon earlier conversion.

Achiko Announces an Extension of its Convertible Loan Transaction with Negma Group

Retrieved on: 
Friday, June 18, 2021
Convertible security, Social Endeavor for Health and Telemedicine, Teman

The additional amount of the convertible loan comes attached with an issuance of an additional 1,500,000 warrants.

Key Points: 
  • The additional amount of the convertible loan comes attached with an issuance of an additional 1,500,000 warrants.
  • This funding milestone allows Achiko to underscore its commitmentto developing a rapid, accurate, cost-effective solution to diagnose those with Covid-19.
  • Achiko aims to provide assurance servicesagainst the pandemic to a population of 270 million spread over 17,000 islands.
  • Achiko creates and develops new innovations in healthcare technology through its biotechnology division, AptameX, and its sister digital mobile health technology division, Teman Sehat.

Atlanticus Announces Full Redemption of 5.875% Convertible Senior Notes due 2035

Retrieved on: 
Thursday, June 17, 2021
Financial markets, Finance, Money, Convertibility, Foreign exchange market, Metallism, Redemption value, Convertible security, Corporate finance

ATLANTA, June 17, 2021 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (Atlanticus, the Company, we, our or us), a technology-enabled financial services company, today announced that it has provided notice of redemption of all $16.5 million aggregate principal amount of its outstanding 5.875% convertible senior notes due 2035.

Key Points: 
  • ATLANTA, June 17, 2021 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (Atlanticus, the Company, we, our or us), a technology-enabled financial services company, today announced that it has provided notice of redemption of all $16.5 million aggregate principal amount of its outstanding 5.875% convertible senior notes due 2035.
  • The notes are redeemable at a cash redemption price equal to 100% of the principal amount of the notes outstanding.
  • Holders of the notes have the right to convert the notes called for redemption no later than 5:00 p.m., E.T.
  • This press release contains forward-looking statements that reflect the Company's current views with respect to, among other things, its plans to redeem its 5.875% convertible senior notes due 2035.

Environment Concerns Over Crypto Mining Help Spur Innovative Solutions

Retrieved on: 
Thursday, June 17, 2021
Finance, Money, Corporate finance, Financial economics, Debt, Convertible bond, Bankruptcy, Debt settlement, Convertible security, GNU General Public License

ISW Holdings Inc.(OTC: ISWH) announced earlier this week, "an update on the status of its convertible debt resolution process, mining operations and upcoming audit results.

Key Points: 
  • ISW Holdings Inc.(OTC: ISWH) announced earlier this week, "an update on the status of its convertible debt resolution process, mining operations and upcoming audit results.
  • That agreement covered all convertible debt held by GPL and represented more than 92% of the Company's outstanding convertible debt obligations.
  • Now, the Company further announces that the settlement agreement, and all of its stipulations, has been satisfied, with its payment wired to GPL.
  • Mining: The Company has begun mining.

Pharmagreen Biotech Inc. Discusses Potential Uplisting and Elimination of Convertible Debt with The Stock Day Podcast

Retrieved on: 
Wednesday, June 16, 2021
Finance, Money, Economy, Corporate finance, Convertible bond, Convertible security, Debt, Wójcik

CEO of the Company, Peter Wojcik, joined Stock Day host Everett Jolly.

Key Points: 
  • CEO of the Company, Peter Wojcik, joined Stock Day host Everett Jolly.
  • "Pharmagreen Biotech is a highly specialized tissue culture company for the production of starter plantlets," explained Wojcik.
  • The very little amount of debt that we have is to be paid back with normal interest rates," said Wojcik.
  • "We're very happy to report that going forward we're not going to have the negative pressure of the convertible debt diluting the company."

DGAP-News: YOC AG: Announcement of the early redemption of the YOC convertible bond 2018 - 2022

Retrieved on: 
Tuesday, June 15, 2021
Financial markets, Finance, Money, Bond valuation, Corporate finance, Convertible bond, Bond, Convertible security, YOC, Redemption value, Maturity

Berlin, 15 June 2021 - YOC AG (ISIN DE0005932735) announces the early redemption of all convertible bonds issued in financial year 2018.

Key Points: 
  • Berlin, 15 June 2021 - YOC AG (ISIN DE0005932735) announces the early redemption of all convertible bonds issued in financial year 2018.
  • The convertible bonds with a total nominal amount of EUR 1.56 million were issued with a four-year maturity until July 2022 and were convertible into a maximum of 193,825 ordinary shares of YOC AG.
  • YOC AG transferred these 187,500 no-par shares to Eiffel Investment Group SAS in April 2021, making also use of 4,000 YOC shares held in its own portfolio.
  • Pursuant to the terms and conditions of the bond 6 (2), the early redemption will be made at 110% on July 31, 2021.