Offering

The Change Company Closes $75 Million Senior Debt Offering

Friday, September 24, 2021 - 2:00pm

The Change Company, Americas Community Development Financial Institution (CDFI), announced today the closing of a private placement (the Offering) of $75 million aggregate principal amount of its 4.75% Senior Notes due 2031 (the Notes).

Key Points: 
  • The Change Company, Americas Community Development Financial Institution (CDFI), announced today the closing of a private placement (the Offering) of $75 million aggregate principal amount of its 4.75% Senior Notes due 2031 (the Notes).
  • The Change Company and its affiliates have successfully raised over $300 million in new Sr. Debt and Perpetual Preferred Equity over past twelve months in support of its community development mission.
  • The Change Company will continue to expand its partnerships to reach more underbanked borrowers in more underserved markets across the United States.
  • Performance Trust Capital Partners served as exclusive financial advisor to The Change Company and sole placement agent in the Offering.

Rivalry Corp. Satisfies Escrow Release Conditions Ahead of Listing on the TSX Venture Exchange

Friday, September 24, 2021 - 1:30pm

In connection with the delivery of the Escrow Release Notice, the escrowed funds held by the Subscription Receipt Agent, less certain commissions and expenses, have been released from escrow to the Company.

Key Points: 
  • In connection with the delivery of the Escrow Release Notice, the escrowed funds held by the Subscription Receipt Agent, less certain commissions and expenses, have been released from escrow to the Company.
  • On September 20, 2021, the Company held its annual and special meeting of shareholders (the Meeting).
  • A copy of the articles of amendment are available under the Companys issuer profile on SEDAR at www.sedar.com .
  • Listing is subject to the Company fulfilling all listing requirements of the TSXV.

iMedia Brands Announces Pricing of $75.0 Million Senior Notes Offering

Thursday, September 23, 2021 - 10:49pm

MINNEAPOLIS, Sept. 23, 2021 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (NASDAQ: IMBI) today announced the pricing of an underwritten public offering of $75.0 million in aggregate principal amount of 8.50% senior notes due 2026 (the Notes).

Key Points: 
  • MINNEAPOLIS, Sept. 23, 2021 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (NASDAQ: IMBI) today announced the pricing of an underwritten public offering of $75.0 million in aggregate principal amount of 8.50% senior notes due 2026 (the Notes).
  • In addition, iMedia Brands has granted the underwriters a 30-day option to purchase up to an additional $5.0 million aggregate principal amount of Notes.
  • The Notes will be the senior unsecured obligations of iMedia Brands, Inc.
  • iMedia Brands and this issuance of Notes received a rating of BB from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

EnerVest Proposed Block Trade of 7,500,000 Shares of Class A Common Stock of Magnolia

Thursday, September 23, 2021 - 9:54pm

Magnolia Oil & Gas Corporation (NYSE: MGY) (Magnolia or the Company), today announced the proposed underwritten block trade (the Offering) of 7,500,000 shares of the Companys Class A common stock (the Class A Common Stock) by certain affiliates of EnerVest, Ltd. (the Selling Stockholders).

Key Points: 
  • Magnolia Oil & Gas Corporation (NYSE: MGY) (Magnolia or the Company), today announced the proposed underwritten block trade (the Offering) of 7,500,000 shares of the Companys Class A common stock (the Class A Common Stock) by certain affiliates of EnerVest, Ltd. (the Selling Stockholders).
  • Magnolia will not sell any shares of its Class A Common Stock in the Offering and will not receive any proceeds from the sale by the Selling Stockholders of shares of Class A Common Stock.
  • In connection with the Offering, the Company intends to purchase from the Selling Stockholders 3,000,000 shares of the Companys Class B common stock at a price per share equal to the price per share at which the underwriter purchases shares of the Companys Class A Common Stock in the Offering (the Class B Common Stock Purchase).
  • The Offering is not conditioned upon the completion of the Class B Common Stock Purchase, but the Class B Common Stock Purchase is conditioned upon the completion of the Offering.

Elcora Closes First Tranche of Private Placement

Thursday, September 23, 2021 - 6:32pm

HALIFAX, Nova Scotia , Sept. 23, 2021 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTC – ECORF), (the "Company" or "Elcora"), is pleased to announce that it has closed the first tranche of its private placement pursuant to a price reservation Form 4A (“Form 4A”) filed with the TSX Venture Exchange on August 27, 2021. The Company issued 22,510,000 units at a price of $0.05 per Unit for gross proceeds of $1,125,500 for the first tranche.

Key Points: 
  • HALIFAX, Nova Scotia , Sept. 23, 2021 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM |OTC ECORF),(the "Company" or "Elcora"), is pleased to announce that it has closed the first tranche of its private placement pursuant to a price reservation Form 4A (Form 4A) filed with the TSX Venture Exchange on August 27, 2021.
  • The Company issued 22,510,000 units at a price of $0.05 per Unit for gross proceeds of $1,125,500 for the first tranche.
  • One of the Companys Directors participated in the first tranche of the Offering and will acquire an aggregate of 680,000 Units.
  • Elcora has developed a cost-effective process to make high-quality graphite, graphite products and graphene that are commercially scalable.

Alpha Cognition Announces Pricing of Public Offering

Thursday, September 23, 2021 - 3:18pm

VANCOUVER, British Columbia, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Alpha Cognition Inc. (“Alpha” or the “Company”) (TSXV:ACOG), a biopharmaceutical company committed to developing novel therapies with the potential to transform the lives of people with debilitating neurodegenerative disorders, is pleased to announce that, in connection with its previously announced overnight marketed offering, a syndicate of agents led by Raymond James Ltd. and including iA Private Wealth Inc. (collectively, the "Agents"), have agreed to sell 8,350,000 units ("Units") of the Company at a price of $1.50 per Unit (the "Issue Price") for aggregate gross proceeds of approximately $12.5 million (the "Offering"). Each Unit will consist of one common share in the capital of Alpha (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $1.75 for a period of 24 months from the closing date of the Offering.

Key Points: 
  • Each Unit will consist of one common share in the capital of Alpha (a Common Share) and one common share purchase warrant (a Warrant).
  • The Offering is being conducted pursuant to the Companys Canadian base shelf prospectus dated August 25, 2021 (the Base Shelf Prospectus).
  • A prospectus supplement (the Prospectus Supplement) relating to the Offering will be filed in each of the provinces of Canada, except Quebec.
  • Alpha Cognition Inc. is a clinical stage, biopharmaceutical company dedicated to developing treatments for under-served neurodegenerative diseases, such as Alzheimer's Dementia and Amyotrophic Lateral Sclerosis (ALS).

Boardwalktech Expands Footprint with New Application to Existing Fortune 500 Multinational Consumer Products Company

Thursday, September 23, 2021 - 1:00pm

CUPERTINO, Calif., Sept. 23, 2021 /PRNewswire/ -(TSXV: BWLK) (OTCQB: BWLKF) Boardwalktech Software Corp ("Boardwalktech" or the "Company"), the leading Digital Ledger platform and enterprise software applications company, is pleased to announce it will deliver a second application to an existing North American Fortune 500 multinational consumer products customer (the "Client").

Key Points: 
  • CUPERTINO, Calif., Sept. 23, 2021 /PRNewswire/ -(TSXV: BWLK) (OTCQB: BWLKF) Boardwalktech Software Corp ("Boardwalktech" or the "Company"), the leading Digital Ledger platform and enterprise software applications company, is pleased to announce it will deliver a second application to an existing North American Fortune 500 multinational consumer products customer (the "Client").
  • Using the Boardwalktech Digital Ledger Platform, the Company and Client will implement a new application surrounding tracking and managing product formulas for products that are distributed globally.
  • Boardwalktech completed an initial application for the Client, as previously announced on February 16th, 2021, related to managing local regulatory labelling, packaging and production compliance for products sold globally.
  • Boardwalktech has developed a patented Digital Ledger Technology Platform used by Fortune 500 companies running hundreds of live mission-critical applications worldwide.

RDARS Announces up to $3.5 Million Private Placement Offering of Subscription Receipts

Thursday, September 23, 2021 - 12:30pm

The net proceeds of the Offering will be used to expand the Company's existing operations, for business development and general working capital purposes.

Key Points: 
  • The net proceeds of the Offering will be used to expand the Company's existing operations, for business development and general working capital purposes.
  • Upon the occurrence of the Termination Time, the Subscription Receipts will only represent the holder's right to receive payment of such amount from the Subscription Receipt Agent.
  • The date on which the last of the decision document and/or receipts is issued for the Prospectus is hereby referred to as the "Clearance Date".
  • RDARS is focused on the development and sale of its proprietary autonomous drone technology solution for the residential and small commercial security space.

Argo Announces Pricing of Initial Public Offering

Thursday, September 23, 2021 - 4:49am

Argo Blockchain Plc (LSE: ARB; OTCQX: ARBKF), (Argo or the Company), a global leader in sustainable blockchain infrastructure and cryptocurrency mining, is pleased to announce the pricing of its initial public offering of 7,500,000 American Depositary Shares ("ADSs"), representing an aggregate of 75,000,000 ordinary shares, at a public offering price of $15.00 per ADS.

Key Points: 
  • Argo Blockchain Plc (LSE: ARB; OTCQX: ARBKF), (Argo or the Company), a global leader in sustainable blockchain infrastructure and cryptocurrency mining, is pleased to announce the pricing of its initial public offering of 7,500,000 American Depositary Shares ("ADSs"), representing an aggregate of 75,000,000 ordinary shares, at a public offering price of $15.00 per ADS.
  • In addition, Argo Blockchain has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 ADSs at the public offering price, less underwriting discounts, and commissions.
  • The ADSs are being offered in a registered public offering in the United States (the "Offering").
  • Davidson & Co., Ladenburg Thalmann, Roth Capital Partners, finnCap Ltd, and Tennyson Securities are acting as co-managers for the Offering.

Grindrod Shipping Holdings Ltd. Announces Pricing of Secondary Offering of Ordinary Shares

Thursday, September 23, 2021 - 12:52am

Grindrod Shipping is not selling any of its ordinary shares in the Offering and will not receive any proceeds from the Offering.

Key Points: 
  • Grindrod Shipping is not selling any of its ordinary shares in the Offering and will not receive any proceeds from the Offering.
  • About Grindrod Shipping Holdings Ltd.
    Grindrod Shipping operates a fleet of owned and long-term and short-term chartered in drybulk vessels predominately in the handysize and supramax/ultramax segments.
  • Grindrod Shipping is listed on NASDAQ under the ticket GRIN and on the JSE under the ticker GSH.
  • These risks and uncertainties include, among others, those discussed in Grindrod Shipping's public filings with the SEC.