Redemption | Jotup

Beard Energy Transition Acquisition Corp. and Suntuity Renewables Mutually Agree to Terminate Business Combination Agreement

Retrieved on:

Monday, November 27, 2023

Professional Services, Business, Residential Building & Real Estate, Alternative Energy, Energy, Finance, Construction & Property, Transfer, New York Stock Exchange, Acquisition, NYSE, Security (finance), Combination, Share (finance), BRD, Wind, Redemption, Finance Secretary (India), Class B share

Beard Energy Transition Acquisition Corp., a special purpose acquisition corporation (“BRD” or the “Company”) (NYSE: BRD, BRD.U, BRD.WS), and Suntuity Renewables, a leading provider of renewable energy solutions (“Suntuity”), announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.

Key Points:

Beard Energy Transition Acquisition Corp., a special purpose acquisition corporation (“BRD” or the “Company”) (NYSE: BRD, BRD.U, BRD.WS), and Suntuity Renewables, a leading provider of renewable energy solutions (“Suntuity”), announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.
In connection therewith, BRD will redeem all of its outstanding shares of Class A common stock (the “Class A Shares”) on or about December 12, 2023.
There will be no redemption rights or liquidating distributions with respect to BRD’s warrants, which will expire without value.
After December 12, 2023, BRD will cease all operations except those required to wind up BRD’s business.

World View and Leo Holdings Corp. II Intend to Mutually Agree to Terminate Business Combination Agreement

Retrieved on:

Friday, November 17, 2023

World View, a global leader in stratospheric exploration and flight, and Leo Holdings Corp. II (NYSE: LHC) (“Leo”), a special purpose acquisition company (“SPAC”), announced today that they intend to mutually agree to terminate their previously announced business combination agreement (the “Business Combination Agreement”).

Key Points:

World View, a global leader in stratospheric exploration and flight, and Leo Holdings Corp. II (NYSE: LHC) (“Leo”), a special purpose acquisition company (“SPAC”), announced today that they intend to mutually agree to terminate their previously announced business combination agreement (the “Business Combination Agreement”).
Over the course of 2023, World View received strong interest from potential investors.
However, given challenging market conditions, World View and Leo jointly determined that it was the best course of action at this time to not proceed with their previously announced transaction.
In view of the expected termination of the Business Combination Agreement, Leo determined that it will not be able to consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (as amended, the “Articles”).

Healthwell Acquisition Corp. I Announces Cancellation of Special Stockholder Meeting and its Intention to Liquidate

Retrieved on:

Saturday, November 18, 2023

General Health, Professional Services, Health, Finance, Transfer, Liquidation, Tax, Redemption, Dissolution, Trust, IPO, Finance Secretary (India), Accounting, Security (finance)

There will be no redemption rights or liquidating distributions with respect to Healthwell’s warrants, which will expire worthless.

Key Points:

There will be no redemption rights or liquidating distributions with respect to Healthwell’s warrants, which will expire worthless.
All other costs and expenses associated with implementing the Dissolution will be funded from proceeds held outside of the Trust Account.
Beneficial owners of Public Shares held in “street name,” however, will not need to take any action in order to receive the Redemption Amount.
The Redemption Amount is expected to be paid out within ten business days after the instruction to Continental to commence the Redemption and Liquidation.

Sensata Technologies Holding plc Announces Upcoming Redemption of 5.625% Senior Notes due 2024 by Sensata Technologies B.V.

Retrieved on:

Thursday, November 16, 2023

Engineering, Other Manufacturing, Manufacturing, Redemption, BNY Mellon, Issuer, Growth, NYSE, Bank, Debt-to-GDP ratio, Security (finance), Note

Sensata Technologies Holding plc (NYSE: ST) (“Sensata Technologies”) today announced that its indirect wholly owned subsidiary, Sensata Technologies B.V. (the “Issuer”), intends to redeem in full all $400,000,000 in aggregate principal amount of its outstanding 5.625% Senior Notes due 2024 (the “Notes”).

Key Points:

Sensata Technologies Holding plc (NYSE: ST) (“Sensata Technologies”) today announced that its indirect wholly owned subsidiary, Sensata Technologies B.V. (the “Issuer”), intends to redeem in full all $400,000,000 in aggregate principal amount of its outstanding 5.625% Senior Notes due 2024 (the “Notes”).
The redemption will be made in accordance with the terms of the indenture governing the Notes and the terms of the notice of redemption being delivered to all registered holders of the Notes.
“Sensata has de-emphasized further acquisitions given the capabilities we have built in-house to address the growth of Electrification,” said Jeff Cote, CEO and President of Sensata.
The Redemption Price will be due and payable on the Redemption Date upon surrender of the Notes.

EQS-News: Fiven ASA – redemption premium for existing bonds

Retrieved on:

Thursday, December 14, 2023

Issuer, KPI, News, RNS, Clause, Financial Conduct Authority, ISIN, Redemption, London Stock Exchange, ASA, Observation, Security (finance), Cryptocurrency, Bond

As announced on 27 November 2023, Fiven ASA ("Fiven") will redeem its outstanding EUR 70,000,000 senior secured sustainability-linked floating rate bonds with ISIN SE0016075196 (the "Bonds") in advanced on 21 December 2023 (the "Redemption Date").

Key Points:

As announced on 27 November 2023, Fiven ASA ("Fiven") will redeem its outstanding EUR 70,000,000 senior secured sustainability-linked floating rate bonds with ISIN SE0016075196 (the "Bonds") in advanced on 21 December 2023 (the "Redemption Date").
Fiven has met the sustainability performance target for each relevant KPI on the relevant target observation date (being 21 November 2023) and no sustainability-linked redemption premium shall therefore be paid on the Redemption Date (in accordance with Clause 9.4 (Sustainability-Linked Redemption Premium) of the terms and conditions of the Bonds).
The total redemption amount for each Bond shall as a result be 100.685 per cent.
This information is information that Fiven ASA is obliged to make public pursuant to the EU Market Abuse Regulation.

Hammerhead Energy Inc. Announces Record Financial and Operating Results for Third Quarter 2023 and a Corporate Transaction

Retrieved on:

Monday, November 6, 2023

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce record financial and operating results for the third quarter of 2023.

Key Points:

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce record financial and operating results for the third quarter of 2023.
During the third quarter, Hammerhead delivered record production, where the rate of oil growth continued to outpace the rate of corporate production growth.
Hammerhead will seek approval of the Transaction by its shareholders at a special meeting expected to be held in late December 2023 (the "Meeting").
On the back of strong operational results, the Company generated free funds flow7 of $31.8 million during the quarter.

Eightco Holdings Announces Successful Initial Payment in Prepayment and Redemption Agreement, Clearing All Outstanding Warrants with Certain Investor

Retrieved on:

Monday, October 30, 2023

Redemption, Growth, Sumathi Best Television Current Reporting Award, Security (finance)

Safety Harbor, Florida, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company”) proudly announces the successful completion of the initial payment as part of the previously disclosed Prepayment and Redemption Agreement (the “Prepayment Agreement”) entered into by the Company with an accredited investor (the “Investor”).

Key Points:

Safety Harbor, Florida, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company”) proudly announces the successful completion of the initial payment as part of the previously disclosed Prepayment and Redemption Agreement (the “Prepayment Agreement”) entered into by the Company with an accredited investor (the “Investor”).
With the finalization of the $3,000,000 initial payment (the “Initial Payment”), Eightco Holdings Inc. has achieved significant financial milestones, including the full repayment of the 2022 Note, reduction of the 2023 Note, and the complete and permanent redemption of the 2023 Warrant (each of the foregoing terms as defined in the Prepayment Agreement), completing the elimination of all outstanding warrants held by the Investor.
For additional information about this milestone, please refer to the Current Report on Form 8-K filed by the Company on October 24, 2023.
For more information about Eightco Holdings Inc. and its latest developments, please visit www.8co.holdings .

X-energy and Ares Acquisition Corporation Mutually Agree to Terminate Business Combination Agreement

Retrieved on:

Tuesday, October 31, 2023

X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.

Key Points:

X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.
Neither party will be required to pay the other a termination fee as a result of the mutual decision to terminate the business combination agreement.
In view of the termination of the Business Combination Agreement, AAC determined that it will not be able to consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (as amended, the “Articles”).
As of November 6, 2023, AAC will cease all operations except those required to wind up AAC’s business.

Eightco Holdings Inc. Achieves Prepayment and Redemption Agreement with respect to Certain Outstanding Senior Secured Convertible Notes and Warrants

Retrieved on:

Tuesday, October 24, 2023

Redemption, Senior, Agreement, Note, Exercise, Security (finance)

The Company has entered into the Agreement with the Investor pursuant to which the Company is to prepay and redeem all outstanding financial instruments with the Investor, including all the Senior Secured Convertible Notes (“Notes”) and outstanding warrants, for a cumulative total of $8,215,000.

Key Points:

The Company has entered into the Agreement with the Investor pursuant to which the Company is to prepay and redeem all outstanding financial instruments with the Investor, including all the Senior Secured Convertible Notes (“Notes”) and outstanding warrants, for a cumulative total of $8,215,000.
This includes an initial payment of $3,000,000, strategically designated for the 2022 Note, a portion of the 2023 Note, and the full redemption of the outstanding warrants.
Brian McFadden, CEO of Eightco Holdings Inc., emphasized, “The prepayment settlement with the Investor is a significant achievement for our company.
For more detailed information regarding the Agreement, please refer to Exhibit 10.1, a part of our Form 8-K dated October 24, 2023.

Nuwellis Announces Closing of $2.25 Million Public Offering of Series J Convertible Redeemable Preferred Stock and Warrants

Retrieved on:

Tuesday, October 17, 2023

Park Avenue, Telephone, Warrant, Attention, Prospectus, ATTN:, PIK, File, Redemption, Legal aspects of file sharing, Form, Suite, Sale, Security (finance), Series

The purchase price for one Unit was $15.00, which reflects the issuance of the Series J Convertible Preferred Stock with an original issue discount.

Key Points:

The purchase price for one Unit was $15.00, which reflects the issuance of the Series J Convertible Preferred Stock with an original issue discount.
The Series J Convertible Preferred Stock has a term of three (3) years and is convertible at the option of the holder at any time into shares of the Company’s common stock at a conversion price of $1.01.
Dividends on the Series J Convertible Preferred Stock will be paid, if and when declared by the Board of Directors, in-kind (“PIK dividends”) in additional shares of Series J Convertible Preferred Stock based on the stated value of $25.00 per share at a dividend rate of 5.0%.
Each Warrant has an exercise price of $7.50 (50.0% of the public offering price per Unit) per one-half of one share (0.5) of Series J Convertible Preferred Stock and is immediately exercisable.