Redemption

CIB Marine Bancshares, Inc. Completes $4.8 Million Redemption of Preferred Stock

Retrieved on: 
Tuesday, December 20, 2022

BROOKFIELD, Wis., Dec. 20, 2022 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH) announced that it has completed the $4.8 million redemption of its preferred stock on a pro-rata basis, at $825 per share, pursuant to its Second Amended and Restated Articles of Incorporation.

Key Points: 
  • BROOKFIELD, Wis., Dec. 20, 2022 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH) announced that it has completed the $4.8 million redemption of its preferred stock on a pro-rata basis, at $825 per share, pursuant to its Second Amended and Restated Articles of Incorporation.
  • Effective December 19, 2022, CIB Marine transferred the necessary funds to its redemption agent, Computershare Trust Company, N.A., and approximately 26.4% of CIB Marine’s total outstanding preferred shares (28.5% of outstanding Series A Preferred shares) were redeemed pursuant to the Notice of Redemption and Letter of Transmittal dated December 6, 2022.
  • Any preferred shareholders who have not yet tendered their shares, are encouraged to do so as soon as possible.
  • CIB Marine Bancshares, Inc. is the holding company for CIBM Bank, which operates ten banking offices and two mortgage loan offices in Illinois, Wisconsin and Indiana.

Ceres Acquisition Corp. Announces Completion of Previously Announced Automatic Redemption of Class A Restricted Voting Shares

Retrieved on: 
Monday, December 19, 2022

TORONTO, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Ceres Acquisition Corp. (“Ceres” or the “Corporation”) announced today that the previously announced automatic redemption (the “Redemption”) of the Corporation’s Class A restricted voting shares (the “Class A Restricted Voting Shares”) effective at the close of business on December 16, 2022 has been completed, provided that any registered shareholder of Class A Restricted Voting Shares duly delivers the applicable share certificate held by it.

Key Points: 
  • TORONTO, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Ceres Acquisition Corp. (“Ceres” or the “Corporation”) announced today that the previously announced automatic redemption (the “Redemption”) of the Corporation’s Class A restricted voting shares (the “Class A Restricted Voting Shares”) effective at the close of business on December 16, 2022 has been completed, provided that any registered shareholder of Class A Restricted Voting Shares duly delivers the applicable share certificate held by it.
  • Redemption of Class A Restricted Voting Shares held by non-registered holders with The Canadian Depositary For Securities Limited, which represents substantially all of the Class A Restricted Voting Shares, has been completed.
  • Each Class A Restricted Voting Shares was, as provided under the Corporation’s articles, redeemed for approximately U.S.$10.00754 (the “Redemption Amount”) before taking applicable withholding taxes into account.
  • There were no distributions from the escrow account with respect to the Corporation’s Class B shares or warrants.

ICR, the Leading SPAC Communications and Advisory Firm, Publishes Q4 2022 SPAC Market Update

Retrieved on: 
Wednesday, January 4, 2023

ICR , a leading strategic communications and advisory firm, today released its Q4 2022 SPAC Market Update report .

Key Points: 
  • ICR , a leading strategic communications and advisory firm, today released its Q4 2022 SPAC Market Update report .
  • SPAC IPOs have decelerated as the market faced the overhang of contracting valuations, regulatory uncertainty and the approaching SPAC maturity wall.
  • That said, SPAC teams are still closing deals despite a trend toward withdrawals and then liquidations in Q4.
  • To obtain a copy of ICR’s Q4 2022 SPAC Market Update report, please click here .

Corner Growth Acquisition Corp. 2 Announces Plan to Make Additional Contributions to Trust Account and Extension of Expiration Time of Tender Offer for its Class A Ordinary Shares

Retrieved on: 
Wednesday, December 28, 2022

The Tender Offer was extended on December 6, 2022 and again on December 16, 2022 because the Maximum Redemption Condition was not met.

Key Points: 
  • The Tender Offer was extended on December 6, 2022 and again on December 16, 2022 because the Maximum Redemption Condition was not met.
  • Accordingly, the Company is extending the Expiration Time in order to permit shareholders to withdraw shares they have previously tendered.
  • Corner Growth shareholders who have already tendered their ordinary shares do not need to re-tender their shares or take any other action as a result of the extension of the Expiration Time of the Tender Offer.
  • Corner Growth shareholders may withdraw shares they have previously tendered at any time prior to the extended Expiration Time of the Tender Offer.

Amundi Physical Metals plc: UK Final Terms

Retrieved on: 
Sunday, December 18, 2022

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an “Authorised Participant”).
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the “Metal Entitlement”.
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.

Amundi Physical Metals plc: UK Final Terms

Retrieved on: 
Sunday, December 18, 2022

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an “Authorised Participant”).
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the “Metal Entitlement”.
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.

Amundi Physical Metals plc: UK Final Terms

Retrieved on: 
Sunday, December 18, 2022

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an “Authorised Participant”).
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the “Metal Entitlement”.
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.

Amundi Physical Metals plc: UK Final Terms

Retrieved on: 
Sunday, December 18, 2022

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an “Authorised Participant”).
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the “Metal Entitlement”.
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.

Amundi Physical Metals plc: UK Final Terms

Retrieved on: 
Sunday, December 18, 2022

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an “Authorised Participant”).
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the “Metal Entitlement”.
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.

Amundi Physical Metals plc: UK Final Terms

Retrieved on: 
Sunday, December 18, 2022

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an “Authorised Participant”).
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the “Metal Entitlement”.
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.