Corporations

Resource Credit Income Fund Announces Adjournment of September 23, 2020 Special Meeting of Shareholders

Thursday, September 17, 2020 - 10:21pm

Resource Credit Income Fund (the Fund) has announced today that its special meeting of shareholders (with any postponements or adjournments, the Special Meeting), previously scheduled to be held on September 23, 2020, has been adjourned to allow more time to gather votes on the proposals described below.

Key Points: 
  • Resource Credit Income Fund (the Fund) has announced today that its special meeting of shareholders (with any postponements or adjournments, the Special Meeting), previously scheduled to be held on September 23, 2020, has been adjourned to allow more time to gather votes on the proposals described below.
  • As previously communicated, the Special Meeting will be held virtually, and shareholders may access the meeting by following the instructions below.
  • Whether or not a shareholder plans to attend the Special Meeting, the Fund urges shareholders to vote and authorize the shareholders proxy in advance of the Special Meeting by one of the methods described in the proxy statement for the Special Meeting.
  • Resource Credit Income Fund is a continuously offered, closed-end fund that periodically offers to repurchase its shares from shareholders (also known as an interval fund).

Helen of Troy Limited Announces Earnings Release Date, Conference Call, and Webcast for Second Quarter Fiscal Year 2021 Results

Thursday, September 17, 2020 - 9:05pm

A press release detailing the Companys second quarter fiscal year 2021 results will be issued before the market opens and prior to the call.

Key Points: 

Paradise, Inc. Announces Third Distribution to Shareholders

Thursday, September 17, 2020 - 7:00pm

Consistent with its expectations as communicated in its letter to shareholders dated July 8, 2019, which accompanied its definitive proxy statement filed with the Securities and Exchange Commission that day (the "Proxy Statement"), its letter to shareholders dated September 12, 2019 in connection with the initial distribution to shareholders, and its letter to shareholders dated July 21, 2020 in connection with the second distribution to shareholders, the Company will be making a third distribution to its shareholders, consisting largely of the proceeds from the sale of its land and buildings (the "Third Distribution").

Key Points: 
  • Consistent with its expectations as communicated in its letter to shareholders dated July 8, 2019, which accompanied its definitive proxy statement filed with the Securities and Exchange Commission that day (the "Proxy Statement"), its letter to shareholders dated September 12, 2019 in connection with the initial distribution to shareholders, and its letter to shareholders dated July 21, 2020 in connection with the second distribution to shareholders, the Company will be making a third distribution to its shareholders, consisting largely of the proceeds from the sale of its land and buildings (the "Third Distribution").
  • The Third Distribution will be paid on or after September 29, 2020 to shareholders of record as of the close of business on September 28, 2020.
  • The Company expects to file shortly its Articles of Dissolution as part of its Plan of Complete Liquidation and Dissolution approved by its shareholders at the 2019 Annual Meeting of Shareholders held on July 29, 2019.
  • This period is expected to end with a final liquidating distribution to shareholders; however, the Company's ability to make such a distribution and its timing and amount depend on a number of factors that are uncertain and as to which it can provide no assurances.

ACON S2 Acquisition Corp. Announces Pricing of $250 Million Initial Public Offering

Thursday, September 17, 2020 - 5:56pm

WASHINGTON, Sept. 17, 2020 /PRNewswire/ --ACON S2 Acquisition Corp. ("ACON S2" or the "Company") announced today the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit.

Key Points: 
  • WASHINGTON, Sept. 17, 2020 /PRNewswire/ --ACON S2 Acquisition Corp. ("ACON S2" or the "Company") announced today the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit.
  • ACON S2 is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and search for an initial business combination.

CURRENT SHAREHOLDERS: Zamansky LLC Investigates the Board and Officers of Nikola Corp. (NKLA)

Thursday, September 17, 2020 - 2:28pm

Zamansky LLC is investigating the Board of Directors and Officers of Nikola Corporation (NASDAQ: NKLA) for potential breach of fiduciary duty to the company and its shareholders.

Key Points: 
  • Zamansky LLC is investigating the Board of Directors and Officers of Nikola Corporation (NASDAQ: NKLA) for potential breach of fiduciary duty to the company and its shareholders.
  • Our law firm is investigating NKLAs Board of Directors and Officers for potential breach of fiduciary duty to the company and its shareholders.
  • If you are a current shareholder of Nikola who still holds your stock, please contact us to review or discuss your legal rights.
  • Zamansky LLC is a leading investment fraud law firm with experience handling securities, hedge fund, ERISA and other shareholder class action and derivative litigation.

Enservco Signs Non-Binding Letter of Intent with Lender to Amend its Senior Revolving Credit Facility for Substantial Debt Reduction, New Working Capital Revolver and Equity

Thursday, September 17, 2020 - 1:30pm

The term loan would be interest only with potential for principal payments in the event Enservco reaches certain profit metrics and would mature in October 2021.

Key Points: 
  • The term loan would be interest only with potential for principal payments in the event Enservco reaches certain profit metrics and would mature in October 2021.
  • The revolving line of credit would be based on Enservcos eligible receivables.
  • The restricted common stock issued to EWB will be registered for resale by Enservco with the SEC to be tradeable within six months.
  • It is important that each person reviewing this release understand the significant risks attendant to the operations of Enservco.

A10 Announces Positive Q3 Forecast From Continued Business Transformation; Board of Directors Authorizes $50 Million Share Buyback

Thursday, September 17, 2020 - 1:00pm

We are confident that we can generate continued improvements in our operating results as we accelerate our business transformation, and as a result, the board has authorized a buyback program.

Key Points: 
  • We are confident that we can generate continued improvements in our operating results as we accelerate our business transformation, and as a result, the board has authorized a buyback program.
  • On September 16, 2020, the Board of Directors authorized a share repurchase program under which the Company may repurchase up to $50 million of its outstanding common shares during the next 12 months.
  • The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.
  • A10 also announced that, effective September 17, 2020, Tom Constantino will be leaving the Company.

Liquidia Announces Special Meeting Date to Approve Proposed Acquisition of RareGen, LLC

Thursday, September 17, 2020 - 12:15pm

The special meeting of Liquidia Technologies stockholders to vote on certain matters related to the proposed acquisition will be held virtually.

Key Points: 
  • The special meeting of Liquidia Technologies stockholders to vote on certain matters related to the proposed acquisition will be held virtually.
  • As described in the proxy materials for the special meeting, Liquidia Technologies stockholders of record as of the close of business on September 14, 2020, which is the record date for the special meeting, will be entitled to vote at the special meeting.
  • Liquidia stockholders will be able to attend the special meeting online by visiting www.meetingcenter.io/287587626 at the date and time of the meeting.
  • Liquidia recommends that stockholders log-in at least 15 minutes before the special meeting starts to ensure that stockholders are logged in when the virtual meeting begins.

SWEF: Transaction in Own Shares

Thursday, September 17, 2020 - 7:02am

Following the purchase of these shares, the Company will have 413,219,398 shares in issue.

Key Points: 
  • Following the purchase of these shares, the Company will have 413,219,398 shares in issue.
  • The Company holds 1,122,000 shares in treasury.
  • Therefore, the total number of voting rights in the Company is 412,097,398, which may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

H1 2020 financial results and corporate business update

Wednesday, September 16, 2020 - 9:00pm

R&D expenses amounted to 12.6 million in the first half of 2020, down 36% compared to the first half of 2019.

Key Points: 
  • R&D expenses amounted to 12.6 million in the first half of 2020, down 36% compared to the first half of 2019.
  • Inventivas net cash flow amounted to 16.4 million in the six months ended June 30, 2020 compared to (19.6) million in the first half of 2019.
  • Net cash used in operating activities was (7.2) million and (18.7) million in the first half of 2020 and 2019, respectively.
  • The financial statements of the first half of 2020 were approved by the Board of Directors on September 15, 2020.