Conversion

Early Warning Report Issued Pursuant to National Instrument 62‐103

Retrieved on: 
Tuesday, January 16, 2024
Legislation, Conversion, Trust, Boaz Weinstein, Settlement, Fund, Lexington Avenue, Early warning, Suite, Unit, News, Bank

As of the date hereof, funds managed by Saba hold 239,431 Units, representing approximately 7.68% of Citadel’s issued and outstanding Units.

Key Points: 
  • As of the date hereof, funds managed by Saba hold 239,431 Units, representing approximately 7.68% of Citadel’s issued and outstanding Units.
  • Saba has also agreed to certain standstill restrictions if the Special Redemption occurred prior to December 7, 2023.
  • This news release is being issued under the early warning provisions of Canadian securities legislation.
  • A copy of the Early Warning Report to be filed by Saba in connection with the transactions described above will be available on the Fund’s SEDAR profile at www.sedar.com.

Spring Valley Acquisition Corp. II Announces Preliminary Redemption Results

Retrieved on: 
Tuesday, January 9, 2024
Legal, Environment, Insurance, Finance, Consulting, Banking, Accounting, Professional Services, Small Business, Transfer, Conversion, Eastern Time Zone, Security (finance)

Spring Valley Acquisition Corp. II (NASDAQ: “SVIIU”, “SVII”, “SVIIW”, “SVIIR”) (“SVII” or the “Company”) today announced that as of January 8, 2024 at 5:00 P.M. Eastern Time (the “Redemption Deadline”), the deadline for holders of Class A ordinary shares, par value $0.0001 per share (“Class A ordinary shares”), to request that SVII redeem their Class A ordinary shares, SVII shareholders elected to redeem an aggregate of 11,036,652 Class A ordinary shares, or approximately 48% of the outstanding Class A ordinary shares (prior to the conversion of 7,666,666 Class B ordinary shares, par value $0.0001 per share (the “Class B ordinary shares”), of the Company to Class A ordinary shares by Spring Valley Acquisition Sponsor II, LLC and certain of SVII’s directors).

Key Points: 
  • Spring Valley Acquisition Corp. II (NASDAQ: “SVIIU”, “SVII”, “SVIIW”, “SVIIR”) (“SVII” or the “Company”) today announced that as of January 8, 2024 at 5:00 P.M. Eastern Time (the “Redemption Deadline”), the deadline for holders of Class A ordinary shares, par value $0.0001 per share (“Class A ordinary shares”), to request that SVII redeem their Class A ordinary shares, SVII shareholders elected to redeem an aggregate of 11,036,652 Class A ordinary shares, or approximately 48% of the outstanding Class A ordinary shares (prior to the conversion of 7,666,666 Class B ordinary shares, par value $0.0001 per share (the “Class B ordinary shares”), of the Company to Class A ordinary shares by Spring Valley Acquisition Sponsor II, LLC and certain of SVII’s directors).
  • Based on the redemption requests received by the Redemption Deadline, SVII will have a total of 11,963,348 Class A ordinary shares outstanding following the Extraordinary General Meeting (as defined below) and a remaining trust balance of approximately $129.6 million.
  • SVII shareholders who wish to withdraw their previously submitted redemption requests may do so prior to the start of the Extraordinary General Meeting at 10:00 a.m. Eastern Time, on January 10, 2024 by requesting SVII’s transfer agent, Continental Stock Transfer & Trust Company, to return such shares.
  • As previously announced, Spring Valley Acquisition II, LLC (the “Sponsor”) and the other holders of the Company’s Class B ordinary shares notified the Company, that approval at the Extraordinary General Meeting of the Conversion Amendment Proposal, of their intentions to elect as soon as practicable after the Extraordinary General Meeting to convert an aggregate of 7,666,666 Class B ordinary shares held by them to the same number of Class A ordinary shares.

Hydrogen Hubs Market worth $5.9 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, January 12, 2024
Hydrogen, Aircraft, Personal air vehicle, Electrolysis, Natural gas, Permanent magnet motor, General aviation, Energy storage, Battery, CCS, Conversion, Oxygen, Component, Shell, Linde plc, Business, Commercial, Steam, Carbon, Investment, ISR, ARAMCO, Aerostructure, Air medical services, Transport, Commercial aviation, Combat, Shell plc, Cargo, SMR, Electricity generation, Growth

Based on the industry, the automotive segment is estimated to lead the market from 2023 to 2030.

Key Points: 
  • Based on the industry, the automotive segment is estimated to lead the market from 2023 to 2030.
  • Expected to be a fundamental catalyst for the growth of clean hydrogen hubs between 2023 and 2030, the automotive industry is poised to play a vital role in supplying and utilizing hydrogen and hydrogen fuel cell stacks within hubs.
  • The electrolysis segment in the hydrogen hub market is projected to have the highest CAGR in the forecast period.
  • Based on end use, liquid hydrogen, and hydrogen fuel cells are the primary segments in the hydrogen hub market.

Hydrogen Hubs Market worth $5.9 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, January 12, 2024
Hydrogen, Aircraft, Personal air vehicle, Electrolysis, Natural gas, Permanent magnet motor, General aviation, Energy storage, Battery, CCS, Conversion, Oxygen, Component, Shell, Linde plc, Business, Commercial, Steam, Carbon, Investment, ISR, ARAMCO, Aerostructure, Air medical services, Transport, Commercial aviation, Combat, Shell plc, Cargo, SMR, Electricity generation, Growth

Based on the industry, the automotive segment is estimated to lead the market from 2023 to 2030.

Key Points: 
  • Based on the industry, the automotive segment is estimated to lead the market from 2023 to 2030.
  • Expected to be a fundamental catalyst for the growth of clean hydrogen hubs between 2023 and 2030, the automotive industry is poised to play a vital role in supplying and utilizing hydrogen and hydrogen fuel cell stacks within hubs.
  • The electrolysis segment in the hydrogen hub market is projected to have the highest CAGR in the forecast period.
  • Based on end use, liquid hydrogen, and hydrogen fuel cells are the primary segments in the hydrogen hub market.

Helix Announces Its 6.75% Convertible Senior Notes Due 2026 Will Remain Convertible

Retrieved on: 
Friday, December 29, 2023
Robotics, Other Energy, Technology, Oil, Gas, Alternative Energy, Energy, Trigger, Conversion, Depository Trust Company, Helix Energy Solutions Group, Bank, Registrar, FICC, HLX, Attention, Common stock, Calendar, Debt-to-GDP ratio, Common, DTC, Security (finance)

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that its 6.75% Convertible Senior Notes due 2026 (the “Notes”) will remain convertible at the option of the holders from January 1, 2024 through March 31, 2024, as provided in the indenture governing the Notes (as supplemented, the “Indenture”).

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that its 6.75% Convertible Senior Notes due 2026 (the “Notes”) will remain convertible at the option of the holders from January 1, 2024 through March 31, 2024, as provided in the indenture governing the Notes (as supplemented, the “Indenture”).
  • This press release is made pursuant to a provision in the Indenture that requires publication of this notice of convertibility.
  • Upon surrendering Notes for conversion in accordance with the Indenture, a holder of the Notes will receive through the Conversion Agent either shares of Common Stock, cash or a combination of cash and shares of Common Stock, at Helix’s election.
  • Capitalized terms used in this press release and not otherwise defined herein have the meanings given to them in the Indenture.

Beedie Investments Ltd. Conversion of Subscription Receipts of Metalla Royalty & Streaming Ltd.

Retrieved on: 
Saturday, December 2, 2023
Conversion, TSX Venture Exchange, Sale, Indian stock exchange, Transaction, Loan, News, Equity, VWAP, Security (finance)

Pursuant to the terms of an equity placement of 2,835,539 subscription receipts of Metalla (the "Subscription Receipts") completed by Beedie Capital on October 20, 2023 (the "Equity Investment"), the aforementioned 2,835,539 Subscription Receipts converted automatically into 2,835,539 Common Shares upon closing of the Transaction, without additional consideration or further action by Beedie Capital (the "Subscription Receipt Conversion").

Key Points: 
  • Pursuant to the terms of an equity placement of 2,835,539 subscription receipts of Metalla (the "Subscription Receipts") completed by Beedie Capital on October 20, 2023 (the "Equity Investment"), the aforementioned 2,835,539 Subscription Receipts converted automatically into 2,835,539 Common Shares upon closing of the Transaction, without additional consideration or further action by Beedie Capital (the "Subscription Receipt Conversion").
  • Furthermore, in connection with closing of the Transaction, Beedie Capital acquired an additional 3,627,237 Common Shares (the "Nova Converted Shares"), as Beedie Capital was an existing shareholder of Nova.
  • All of the securities held by Beedie Capital in Metalla, including the Common Shares and the Amended & Restated Convertible Loan Agreement, are being held for investment purposes.
  • Beedie Capital's head office is located at 3030 Gilmore Diversion, Burnaby, British Columbia, V5G 3B4.

Agital Successfully Completes Full Integration of Exclusive Concepts, Expanding Nationwide Reach, Ecommerce Expertise, Client Portfolio and Service Offering

Retrieved on: 
Monday, December 4, 2023
Conversion, SMS, Marketing, Microsoft, Meta, Forecasting, Division, Acquisition, Software as a service, Advocacy, Exclusive, Growth, CMOS, BigCommerce

As part of this integration, Scott Smigler, who founded Exclusive Concepts in 1997 as one of the first ecommerce-focused agencies in the United States, was named Division President at Agital.

Key Points: 
  • As part of this integration, Scott Smigler, who founded Exclusive Concepts in 1997 as one of the first ecommerce-focused agencies in the United States, was named Division President at Agital.
  • In his new role, Scott will advance Agital's efforts to disrupt the ecommerce space and introduce a robust strategic framework designed to help ecommerce businesses achieve sustainable growth.
  • “Previously at Exclusive Concepts, and now at Agital, everything we do centers on helping our clients grow faster and more profitably,” said Agital’s Division President Scott Smigler.
  • Beyond the expansion of Agital’s leadership team and headcount, the integration of Exclusive Concepts has significantly bolstered its capabilities to serve ecommerce brands.

Glencore Enters Into Convertible Facilities Ageement With Tantalex Lithium

Retrieved on: 
Monday, November 13, 2023
Lithium, Sale, National instrument, Facility, SOFR, CME, Indian stock exchange, Conversion, Date, Marketing, Bloomberg, Person, News, Security (finance), Glencore

BAAR, Switzerland, Nov. 13, 2023 (GLOBE NEWSWIRE) -- On November 10, 2023 (the “Closing Date”), Glencore AG (as lender) (“Glencore”), a wholly-owned subsidiary of Glencore plc entered into an up to US$5,000,000 convertible facilities agreement with Tantalex Lithium Resources Corporation (as borrower) (the “Company”) and its wholly-owned subsidiary, Sandstone Worldwide Ltd (as guarantor) (the “Convertible Facilities Agreement”). The transaction contemplated by the Convertible Facilities Agreement (the “Transaction”) was anticipated in the Company’s news release of September 8, 2023.

Key Points: 
  • BAAR, Switzerland, Nov. 13, 2023 (GLOBE NEWSWIRE) -- On November 10, 2023 (the “Closing Date”), Glencore AG (as lender) (“Glencore”), a wholly-owned subsidiary of Glencore plc entered into an up to US$5,000,000 convertible facilities agreement with Tantalex Lithium Resources Corporation (as borrower) (the “Company”) and its wholly-owned subsidiary, Sandstone Worldwide Ltd (as guarantor) (the “Convertible Facilities Agreement”).
  • The transaction contemplated by the Convertible Facilities Agreement (the “Transaction”) was anticipated in the Company’s news release of September 8, 2023.
  • The issue of the Conversion Number of Conversion Shares to Glencore in accordance with the Convertible Facilities Agreement shall fully repay the applicable correlated Conversion Amount that was outstanding under the Convertible Facilities Agreement and completely discharges the obligations of the Company to repay that applicable Conversion Amount.
  • Glencore did not hold any Common Shares prior to entering into the Convertible Facilities Agreement.

Ault Alliance Receives an Investment of $41.5 Million from Ault & Company

Retrieved on: 
Friday, December 15, 2023
Blockchain, Software, Cryptocurrency, Finance, Web3, Professional Services, Technology, Fintech, Cloud, NYSE American, Aviation, Creditor, Funding, NYSE, Security (finance), Warrant, Form, Common stock, Exercise, Conversion, Agreement, Third Avenue, Surety, Preferred stock

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced the closing of a $41.5 million financing (the “Financing”) with Ault & Company, Inc. (“A&C”), an affiliate of the Company, pursuant to the Securities Purchase Agreement (the “Agreement”) entered into between the Company and A&C on November 6, 2023.

Key Points: 
  • Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced the closing of a $41.5 million financing (the “Financing”) with Ault & Company, Inc. (“A&C”), an affiliate of the Company, pursuant to the Securities Purchase Agreement (the “Agreement”) entered into between the Company and A&C on November 6, 2023.
  • As stewards of both Ault & Company and Ault Alliance, which are led by essentially the same individuals, our leadership team has a unique, dual perspective that reinforces our commitment to this course of action.
  • I remain convinced that Ault Alliance's assets are significantly undervalued, and my macro-outlook for the Company is more robust than ever.
  • For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov.

Gunze Launches Environmentally Friendly "GEOPLAS™ HCX1", the Lightest Shrink Film for Automatic Sleeve Applicators

Retrieved on: 
Wednesday, December 13, 2023
Environment, Packaging, Recycling, Chemicals, Plastics, Food, Beverage, Cosmetics, Manufacturing, Retail, Plastic, Biomass, Climate change, Policy, Conversion, Perforation, Limited, Movement, PET, ASEAN, Restaurant

Gunze Limited (Headquarters: Osaka, Japan, President: Toshiyasu Saguchi) [Tokyo:3002] is pleased to announce that the company will launch an eco-friendly "GEOPLAS™ HCX1", the lightest shrink film for automatic sleeve applicators in December 2023.

Key Points: 
  • Gunze Limited (Headquarters: Osaka, Japan, President: Toshiyasu Saguchi) [Tokyo:3002] is pleased to announce that the company will launch an eco-friendly "GEOPLAS™ HCX1", the lightest shrink film for automatic sleeve applicators in December 2023.
  • In response to the above background, Gunze has started to develop a hybrid shrink film that realizes the lightest weight shrink label.
  • This film is not only lightweight, but also easy to use in the shrink label market, and is both environmentally friendly and excellent in function.
  • It is widely used globally as shrink labels for PET bottled beverages, foods, cosmetics, home & personal care products and other products.