Original issue discount

SharpLink Gaming Sells Fantasy Sports and Sports Game Development Business Units to RSports Interactive

Retrieved on: 
Tuesday, January 23, 2024
Interest, Sport, Sale, SBET, Phythian, Original issue discount

MINNEAPOLIS, Jan. 23, 2024 (GLOBE NEWSWIRE) -- SharpLink Gaming Ltd. (Nasdaq: SBET) ("SharpLink" or the "Company") today announced that on January 18, 2024, the Company entered into an agreement to sell all of the issued and outstanding shares of common stock or membership interests, as applicable, in its SportsHub/fantasy sports and free to play sports game development business units to RSports Interactive, Inc. (“RSports”) for $22.5 million in an all-cash transaction.

Key Points: 
  • MINNEAPOLIS, Jan. 23, 2024 (GLOBE NEWSWIRE) -- SharpLink Gaming Ltd. (Nasdaq: SBET) ("SharpLink" or the "Company") today announced that on January 18, 2024, the Company entered into an agreement to sell all of the issued and outstanding shares of common stock or membership interests, as applicable, in its SportsHub/fantasy sports and free to play sports game development business units to RSports Interactive, Inc. (“RSports”) for $22.5 million in an all-cash transaction.
  • Nearly all employees of these acquired business units will also move to RSports to help ensure a seamless transition.
  • As a result, the Company is now free of interest bearing debt.
  • In connection with the sale, Chris Nicholas, the Company’s Chief Operating Officer and a member of the Board of Directors, resigned as an officer and director of the Company, effective immediately.

SHAPING THE FUTURE FOR TECHNICOLOR CREATIVE STUDIOS FOLLOWING AGREEMENT ON ITS REFINANCING

Retrieved on: 
Wednesday, March 8, 2023
AMF, Convertible, Commercial Court, Sale, Commercial Court (Victoria), Technicolor Creative Studios, Prospectus, Fiducial inference, Original issue discount, Lien, AFEP, Mass meeting, Euronext Paris, Commercial, Documentation, Angelo Gordon, Creditor, Annual general meeting, Vantiva, Credit, New Money, Date, Agreement in principle, Film industry, Bank, Security (finance), Cryptocurrency, Lease, Self storage, Euronext, TCS, Principle

Technicolor Creative Studios reaches an agreement in principle on a €170m new money injection, including recapitalization

Key Points: 
  • Technicolor Creative Studios reaches an agreement in principle on a €170m new money injection, including recapitalization
    Paris (France), March 8, 2023 – Technicolor Creative Studios is pleased to announce an agreement in principle that provides a framework for rebound of the Company to the benefit of its studios, talents, customers and suppliers.
  • The Company has reached an agreement in principle on a new financing structure which includes a c.€170 million new money injection.
  • This would enable Technicolor Creative Studios to address its liquidity needs from Q2 2023 and allows operating cash flow to be focused on operational needs.
  • Anne Bouverot, Chairperson, and Caroline Parot, CEO: “This new favorable framework reaffirms the strong commitment of all our stakeholders, in particular our shareholders and lenders, and demonstrates their renewed confidence in the long-term prospects of Technicolor Creative Studios.

MusclePharm Announces Private Placement of $2.5 Million Senior Secured Notes

Retrieved on: 
Monday, June 6, 2022
MSLP, Advertising, Company, Offering, Marketing, Securities Act of 1933, Annual report, United, Senior, MusclePharm, Sale, Risk, Original issue discount, GLOBE, Private Securities Litigation Reform Act, Note, Social media, U.S. Securities and Exchange Commission, Regulation D, Security (finance)

The definitive agreements provide for the issuance and sale of an additional $3,081,875 in principal amount of 20% Original Issue Discount Senior Secured Notes (the Notes), resulting in gross proceeds to the Company of approximately $2,465,500.

Key Points: 
  • The definitive agreements provide for the issuance and sale of an additional $3,081,875 in principal amount of 20% Original Issue Discount Senior Secured Notes (the Notes), resulting in gross proceeds to the Company of approximately $2,465,500.
  • The private placement is expected to close on or about June 8, 2022, subject to the satisfaction of customary closing conditions.
  • In connection with the Offering, the investors from the October 2021 private placement have agreed to extend the maturity date of the Senior Secured Notes issued in October 2021 to such date that is six months from the closing of the Offering and increase the original issuance discount of such notes to 28%.
  • These statements concern, among other things, the intended use of net proceeds from the private placement and MusclePharms business strategies.

Sysorex Shares Letter from Major Shareholders

Retrieved on: 
Tuesday, May 3, 2022
Heads of terms, COVID-19, Privacy, U.S. Securities and Exchange Commission, Nvidia, Government agency, Barclays, Mining, LP, Private Securities Litigation Reform Act, Debenture, ETH, GLOBE, Company, Cryptocurrency, Securities Exchange Act of 1934, Securities Act of 1933, Contract, PayPal, Security (finance), Review, Government, Letter, Industry, Local government, OTCQB, Environment, District, Efficiency, Intention, Capital, DARPA, Solution, Original issue discount, Technology, Research, Ownership, Growth, Risk management, Ethereum

Bigger Capital Fund, LP and District 2 Capital Fund LP (together with its affiliates, the Funds), are now among the largest shareholders of Sysorex, Inc. (Sysorex or the Company), with ownership of approximately 9.6% of the Companys outstanding common stock.

Key Points: 
  • Bigger Capital Fund, LP and District 2 Capital Fund LP (together with its affiliates, the Funds), are now among the largest shareholders of Sysorex, Inc. (Sysorex or the Company), with ownership of approximately 9.6% of the Companys outstanding common stock.
  • Upon closing, Sysorex will be the beneficial owner of 7,291,667 shares of Ostendos preferred stock (the Ostendo Preferred Shares).
  • After the announcement of the Heads of Terms, the Funds increased their respective position in Sysorex to become one of the largest shareholders of Sysorex.
  • Furthermore, Sysorex operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise.

 Griffon Corporation Completes Acquisition of Hunter Fan Company

Retrieved on: 
Monday, January 24, 2022
Home Goods, Construction & Property, Finance, Specialty, Professional Services, Online Retail, Interior Design, Retail, AMES, Private Securities Litigation Reform Act, SEC, Investor Protection and Securities Reform Act of 2010, NYSE, Proxy, Attention, Intelligence, Original issue discount, Steel, Federation, Wood, OID, Proxy statement, Name, Gibson, Dunn & Crutcher, Fifth Avenue, Corporation, Griffon Corporation, COVID-19, Annual general meeting, Electronics, Company, Goldman Sachs, True Temper, U.S. Securities and Exchange Commission, Bank account, SOFR, Growth, Weather, Dechert, BofA Securities, Institute for Space and Defense Electronics, LLP, Solution, AND, Phrase, Hand, Acquisition, Income, THE, 712 Fifth Avenue, GFF, Intellectual property, Government, CPP, Housing, Employment, Patent, Hunting, Financial adviser, Marketing, Risk management, Griffon

Griffon Corporation (Griffon or the Company) (NYSE: GFF) has successfully completed its previously announced acquisition of Hunter Fan Company (Hunter Fan or Hunter), the leading U.S. brand of residential ceiling fans for $845 million, subject to post-closing adjustments.

Key Points: 
  • Griffon Corporation (Griffon or the Company) (NYSE: GFF) has successfully completed its previously announced acquisition of Hunter Fan Company (Hunter Fan or Hunter), the leading U.S. brand of residential ceiling fans for $845 million, subject to post-closing adjustments.
  • We are pleased to welcome the Hunter Fan team to Griffon.
  • Griffon Corporation is a diversified management and holding company that conducts business through wholly-owned subsidiaries.
  • Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as divestitures.

MusclePharm Announces Closing of $7.0 Million Senior Secured Notes Offering

Retrieved on: 
Wednesday, October 13, 2021
Securities Exchange Act of 1934, Terminology, The Essential Series, Note, Athlete, MP, Securities Act of 1933, MSLP, MusclePharm, GLOBE, Original issue discount, Company, Sale, Female, Communication, Renault Sport Series, Security (finance)

The definitive agreements provide for the private placement of 14% Original Issue Discount Senior Secured Notes ("Notes") in the aggregate principal amount of approximately $8.2 million.

Key Points: 
  • The definitive agreements provide for the private placement of 14% Original Issue Discount Senior Secured Notes ("Notes") in the aggregate principal amount of approximately $8.2 million.
  • MusclePharm intends to use the net proceeds from the Notes offering for general working capital purposes, including supporting the rollout of MP Performance Energy, the Companys new functional energy drink line.
  • The offering is anticipated to close on Wednesday, October 13, 2021, subject to customary closing conditions.
  • MusclePharm is an award-winning, worldwide leading sports nutrition & lifestyle company offering branded nutritional supplements.

Grom Social Enterprises, Inc. Closes $4.4 Million Private Placement

Retrieved on: 
Wednesday, September 15, 2021
Benchmark, Friends, Original issue discount, Government, GROM, Forward-looking statement, Prospectus, Company, LLC, Education, NASDAQ, EF Hutton, GLOBE, Parent, Risk, Social media, SEC, Sale, News, Exercise, Investment, Security (finance)

Boca Raton, FL, Sept. 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ:GROM) ("Grom" or the "Company"), the emerging social media and family entertainment company, today announced the closing of a $4.4 million private placement.

Key Points: 
  • Boca Raton, FL, Sept. 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grom Social Enterprises, Inc. (NASDAQ:GROM) ("Grom" or the "Company"), the emerging social media and family entertainment company, today announced the closing of a $4.4 million private placement.
  • The Company intends to use the net proceeds from the private placement for working capital, joint ventures, possible acquisitions, partnerships, and general corporate purposes.
  • Grom Social Enterprises also includes Grom Educational Services, which has provided web filtering solutions for K-12 schools, government, and private business.
  • This press release contains statements that constitute "forward-looking statements," including with respect to the Company's private placement.

Creative Medical Technology Holdings Announces $3.8 Million Private Placement with Institutional Investors

Retrieved on: 
Monday, August 9, 2021
U.S. Securities and Exchange Commission, Sale, Immunotherapy, Elective surgery, Multimedia, News, OTC, Prospectus, Urology, Forward-looking statement, Securities Act of 1933, Roth Capital Partners, View, Note, Neurology, Security (finance), OTC Markets Group, Commission, Original issue discount, Company, 3D printing

The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended or applicable under state securities laws.

Key Points: 
  • The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended or applicable under state securities laws.
  • Creative Medical Technology Holdings, Inc. is a commercial stage biotechnology company specializing in regenerative medicine/stem cell technology in the fields of immunotherapy, urology, neurology and orthopedics and is listed on the OTC under the ticker symbol CELZ.
  • See the periodic and other reports filed by Creative Medical Technology Holdings, Inc. with the Securities and Exchange Commission and available on the Commission's website at www.sec.gov .
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/creative-medical-technology-hol...
    SOURCE Creative Medical Technology Holdings, Inc.

Avolon Successfully Reduces Price of US$850 Million of Senior Secured Term Loan B Facility

Retrieved on: 
Thursday, February 6, 2020
Engineering, Air, Transport, Aerospace, Logistics, Supply chain management, Manufacturing, Economy, Money, Finance, Avolon, Interest rates, Aircraft lease, Original issue discount, Libor

Avolon Holdings Limited (Avolon), the international aircraft leasing company, announces the successful re-pricing of US$850 million of its senior secured US$2.58 billion Term Loan B facility (the Facility).

Key Points: 
  • Avolon Holdings Limited (Avolon), the international aircraft leasing company, announces the successful re-pricing of US$850 million of its senior secured US$2.58 billion Term Loan B facility (the Facility).
  • Avolon has repriced the US$850 million tranche at LIBOR plus 1.50% and is subject to an Original Issue Discount (OID) of 99.75.
  • In conjunction with this repricing, Avolon has also repaid US$300 million of the original Facility, reducing the outstanding balance to US$2.28 billion.
  • The repricing at LIBOR plus 1.50% represents a new sector low for a Term Loan B Facility.

Talos Energy Announces Second Quarter 2018 Financial And Operational Results

Retrieved on: 
Monday, August 6, 2018
Pro forma, Original issue discount

NGL revenue increased approximately $3.9million, or 112%, during the three months ended June30, 2018.

Key Points: 
  • NGL revenue increased approximately $3.9million, or 112%, during the three months ended June30, 2018.
  • In connection with the Stone Combination, we expect to capture significant synergies, and Talos is focused on realizing these savings by year-end 2018.
  • Pro forma Net Income (Loss) in the second quarter of 2018 was ($46) million and in the first six months of the year ($51) million.
  • Financial position: As of June30, 2018, the Company had approximately $648million of long-term debt, excluding deferred financing costs and original issue discount.