Reverse takeover

Crypto Custodian Brane Capital Announces Public Listing Plans

Retrieved on: 
Monday, June 14, 2021

OTTAWA, Ontario, June 14, 2021 /PRNewswire/ --Brane Inc., a leading cryptocurrency custodian, announced todaythatitplans to become a publicly traded company in fall 2021.

Key Points: 
  • OTTAWA, Ontario, June 14, 2021 /PRNewswire/ --Brane Inc., a leading cryptocurrency custodian, announced todaythatitplans to become a publicly traded company in fall 2021.
  • Brane has signed a letter of intent withTimeless Capital Corp., a capital pool company listed on the TSX Venture Exchange, for a reverse takeover transaction that will result in Brane's public listing on the Exchange, subject to regulatory approvals.
  • Miron is co-founder of HEXO Corp.,which debuted its first public listing on the TSX Venture before listing on the TSX and NYSEwith continued high trading volumes.
  • Brane's public listing is our next step to changing that for good."

SHAREHOLDER ALERT: WeissLaw LLP Reminds FTIV, PMBC, SVBI, and CNBKA Shareholders About Its Ongoing Investigations

Retrieved on: 
Friday, June 11, 2021

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Fintech Acquisition Corp. IV (NASDAQ: FTIV) in connection with the companys proposed merger with Perella Weinberg Partners (Perella), a privately-held investment bank.

Key Points: 
  • WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Fintech Acquisition Corp. IV (NASDAQ: FTIV) in connection with the companys proposed merger with Perella Weinberg Partners (Perella), a privately-held investment bank.
  • Under the terms of the merger agreement, FTIV will acquire Perella through a reverse merger that will result in Perella becoming a public company traded on the Nasdaq under the ticker symbol PWP.
  • Pursuant to the merger agreement, CNBKA shareholders will receive $115.28 in cash for each share of CNBKA common stock that they hold.
  • If you own CNBKA shares and wish to discuss this investigation or your rights, please call us or visit our website: https://www.weisslawllp.com/cnbka/

SHAREHOLDER ALERT: WeissLaw LLP Reminds SNX, ORBC, MDCA, and NTWN About Its Ongoing Investigations

Retrieved on: 
Monday, June 7, 2021

Upon consummation of the transaction, SNXs shareholders will own approximately 55% of the combined entity, with Apollo owning approximately 45%.

Key Points: 
  • Upon consummation of the transaction, SNXs shareholders will own approximately 55% of the combined entity, with Apollo owning approximately 45%.
  • Under the terms of the agreement, MDCAs shareholders will receive just 26% of the common equity of the post-transaction entity.
  • Under the terms of the merger agreement, NTWN will acquire Appgate through a reverse merger that will result in Appgate becoming a publicly traded company.
  • If you own NTWN shares and wish to discuss this investigation or your rights, please call or visit our website: https://weisslawllp.com/news/ntwn/

SHAREHOLDER ALERT: WeissLaw LLP Reminds FTIV, PMBC, SVBI and CNBKA Shareholders About Its Ongoing Investigations

Retrieved on: 
Friday, June 4, 2021

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Fintech Acquisition Corp. IV (NASDAQ: FTIV) in connection with the companys proposed merger with Perella Weinberg Partners (Perella), a privately-held investment bank.

Key Points: 
  • WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Fintech Acquisition Corp. IV (NASDAQ: FTIV) in connection with the companys proposed merger with Perella Weinberg Partners (Perella), a privately-held investment bank.
  • Under the terms of the merger agreement, FTIV will acquire Perella through a reverse merger that will result in Perella becoming a public company traded on the Nasdaq under the ticker symbol PWP.
  • Pursuant to the merger agreement, CNBKA shareholders will receive $115.28 in cash for each share of CNBKA common stock that they hold.
  • If you own CNBKA shares and wish to discuss this investigation or your rights, please call us or visit our website: https://www.weisslawllp.com/cnbka/

Omnichannel Acquisition Corp. Receives Anticipated Notice from New York Stock Exchange Regarding Pending Quarterly Report Filing

Retrieved on: 
Tuesday, June 1, 2021

The NYSE informed the Company that the Company has six months from the 10-Q filing due date to file the Form 10-Q.

Key Points: 
  • The NYSE informed the Company that the Company has six months from the 10-Q filing due date to file the Form 10-Q.
  • The Notice has no immediate effect on the listing or trading of the Company's securities on the NYSE.
  • Omnichannel Acquisition Corp. 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.
  • This press release contains statements that constitute forward-looking statements, including with respect to the 10-Q.

The Limestone® Boat Company Limited Announces First Quarter Results

Retrieved on: 
Monday, May 31, 2021

COLLINGWOOD, Ontario, May 31, 2021 (GLOBE NEWSWIRE) -- The Limestone Boat Company Limited (Limestone or the Company) (TSXV: BOAT) a designer, marketer and manufacturer of heritage brand boats, today reported its financial results for the fiscal quarter ended March 31, 2021 (Q1 FY2021).

Key Points: 
  • COLLINGWOOD, Ontario, May 31, 2021 (GLOBE NEWSWIRE) -- The Limestone Boat Company Limited (Limestone or the Company) (TSXV: BOAT) a designer, marketer and manufacturer of heritage brand boats, today reported its financial results for the fiscal quarter ended March 31, 2021 (Q1 FY2021).
  • During the quarter the Company completed a reverse takeover transaction with a capital pool company, LL One Inc., whereby LL One Inc. changed its name to "The Limestone Boat Company Limited", and began trading on the TSXV on March 4, 2021 under the symbol "BOAT".
  • Reported a loss of $2,738,190 for the quarter compared to a loss of $182,780 in the comparative quarter for 2020.
  • The Company ended the quarter with cash of $1,193,659 compared to $130,181 for the comparative quarter in 2020.

Zincore Files Amended and Restated Annual Financial Statements and MD&A for December 31, 2020 Year End

Retrieved on: 
Friday, May 28, 2021

As the result of information received by the Company well after the April 29, 2021 filing of its December 31, 2020 year end financial statements on SEDAR, Management identified an understatement of accounts payable of $274,813.

Key Points: 
  • As the result of information received by the Company well after the April 29, 2021 filing of its December 31, 2020 year end financial statements on SEDAR, Management identified an understatement of accounts payable of $274,813.
  • This payable was previously recorded at a negotiated reduced amount in connection with a potential reverse takeover transaction ("RTO") with Mines and Metals Trading (Peru) PLC.
  • Details of the change are fully described in Note 1 and 13 of the restated audited annual financial statements as filed on SEDAR on May 28, 2021.
  • The related management discussion and analysis for the year ended December 31, 2020 has also been amended and restated.

Bird River Resources Inc. and Faraday Energy Inc. Announce Proposed Business Combination

Retrieved on: 
Thursday, May 27, 2021

The Letter of Intent outlines the proposed terms and conditions pursuant to which Bird River and FEI will effect a business combination that will result in a reverse takeover of Bird River by the shareholders of FEI (the "Proposed Transaction").

Key Points: 
  • The Letter of Intent outlines the proposed terms and conditions pursuant to which Bird River and FEI will effect a business combination that will result in a reverse takeover of Bird River by the shareholders of FEI (the "Proposed Transaction").
  • The Proposed Transaction, if completed, will constitute a "Fundamental Change" for the Company pursuant to Policy 8 of the Canadian Securities Exchange.
  • The President of Faraday Energy Inc., Mr. Martin Dallaire said, "the successful business combination with Bird River will enable Faraday to expand in the green energy sector through the development and acquisition of renewable energy assets.
  • In conjunction with, and prior to the closing of the Proposed Transaction, Bird River intends to complete a private placement of common shares for gross proceeds of CDN$5 million at $0.25 per Bird River Share.

Dynamics Special Purpose Corp. Announces Pricing of $200 Million Initial Public Offering

Retrieved on: 
Tuesday, May 25, 2021

Dynamics Special Purpose Corp. (the Company) announced today that it priced its initial public offering of 20,000,000 shares of Class A common stock at $10.00 per share.

Key Points: 
  • Dynamics Special Purpose Corp. (the Company) announced today that it priced its initial public offering of 20,000,000 shares of Class A common stock at $10.00 per share.
  • The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • J.P. Morgan Securities LLC is acting as the sole book-running manager of the offering.
  • This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the anticipated use of the net proceeds.

SHAREHOLDER ALERT: WeissLaw LLP Reminds ATH, MDCA, HWCC, and NTWN Shareholders About Its Ongoing Investigations

Retrieved on: 
Friday, May 21, 2021

Under the terms of the agreement, MDCA\'s shareholders will receive just 26% of the common equity of the post-transaction entity.

Key Points: 
  • Under the terms of the agreement, MDCA\'s shareholders will receive just 26% of the common equity of the post-transaction entity.
  • Under the terms of the merger agreement, HWCC shareholders will receive $5.30 in cash for each share of HWCC common stock that they hold.
  • Under the terms of the merger agreement, NTWN will acquire Appgate through a reverse merger that will result in Appgate becoming a publicly traded company.
  • If you own NTWN shares and wish to discuss this investigation or your rights, please call or visit our website: https://weisslawllp.com/news/ntwn/\nView original content to download multimedia: http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-r...\n'