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Safeguard Scientifics Filed Form 25 to Voluntarily Delist its Common Stock from The Nasdaq Stock Market LLC

Retrieved on:

Friday, February 2, 2024

SFE, File, Pete Musser, Security (finance), OTC

RADNOR, Pa., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Safeguard Scientifics, Inc. (Nasdaq: SFE) (“Safeguard” or the “Company”) has announced today that it filed Form 25 with the Securities and Exchange Commission (the “SEC”) to voluntarily delist its shares of common stock from trading on The Nasdaq Stock Market LLC (“Nasdaq”) in connection with its previously announced plan to deregister its common stock under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and to delist the Company’s common stock from trading on Nasdaq (referred to as the “Transaction”).

Key Points:

RADNOR, Pa., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Safeguard Scientifics, Inc. (Nasdaq: SFE) (“Safeguard” or the “Company”) has announced today that it filed Form 25 with the Securities and Exchange Commission (the “SEC”) to voluntarily delist its shares of common stock from trading on The Nasdaq Stock Market LLC (“Nasdaq”) in connection with its previously announced plan to deregister its common stock under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and to delist the Company’s common stock from trading on Nasdaq (referred to as the “Transaction”).
Following the delisting of the Company’s common stock from trading on Nasdaq, any trading in the Company’s common stock would only occur in privately negotiated sales and potentially on an over-the-counter market.
The Company expects to have its common stock quoted on a market operated by OTC Markets Group Inc. (the “OTC”) so that a trading market may continue to exist for its common stock.
There is no guarantee, however, that a broker will continue to make a market in the common stock and that trading of the common stock will continue on an OTC market or otherwise.

Safeguard Scientifics Intends to File Form 25 to Voluntarily Delist its Common Stock from The Nasdaq Stock Market LLC

Retrieved on:

Monday, January 22, 2024

OTC, SFE, Pete Musser, Security (finance), File

Radnor, Pa, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Safeguard Scientifics, Inc. (Nasdaq: SFE) (“Safeguard” or the “Company”) has announced today that it notified The Nasdaq Stock Market LLC (“Nasdaq”) that it intends to file Form 25 with the Securities and Exchange Commission (the “SEC”) on February 2, 2024 to voluntarily delist its shares of common stock from trading on Nasdaq in connection with its previously announced plan to deregister its common stock under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

Key Points:

Radnor, Pa, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Safeguard Scientifics, Inc. (Nasdaq: SFE) (“Safeguard” or the “Company”) has announced today that it notified The Nasdaq Stock Market LLC (“Nasdaq”) that it intends to file Form 25 with the Securities and Exchange Commission (the “SEC”) on February 2, 2024 to voluntarily delist its shares of common stock from trading on Nasdaq in connection with its previously announced plan to deregister its common stock under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Following the delisting of the Company’s common stock from trading on Nasdaq, any trading in the Company’s common stock would only occur in privately negotiated sales and potentially on an over-the-counter market.
The Company expects to have its common stock quoted on a market operated by OTC Markets Group Inc. (the “OTC”) so that a trading market may continue to exist for its common stock.
There is no guarantee, however, that a broker will continue to make a market in the common stock and that trading of the common stock will continue on an OTC market or otherwise.

Global Aircraft Cargo Liner Market Report 2023: A $200 Million Industry by 2028 - Narrow-Body Aircraft Dominates Demand - ResearchAndMarkets.com

Retrieved on:

Thursday, January 11, 2024

The "Global Aircraft Cargo Liner Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Global Aircraft Cargo Liner Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The Aircraft Cargo Liner Market is set to grow at an attractive CAGR of 10.3% over the next five years to reach US$ 200 million in 2028.
Aircraft cargo liner is an essential component of an aircraft's cargo compartment that protects the cargo compartment from damage.
According to IATA, the global air freight market witnessed a drop in demand by 10.6% (measured in cargo tonne kilometers) in 2020.

Safeguard Scientifics Announces Effective Date of Stock Splits to Effectuate the Going Dark Transaction and New Chief Executive Officer and Chief Financial Officer

Retrieved on:

Friday, January 5, 2024

Computershare, Pete Musser, File, Transaction, SFE, Letter, Security (finance), Exchange

Upon the forward stock split, the shares of common stock (including any fraction of a share of common stock) held by such Continuing Shareholders after the reverse stock split will be reclassified into the same number of shares of common stock as such Continuing Shareholders held immediately prior to the effective time.

Key Points:

Upon the forward stock split, the shares of common stock (including any fraction of a share of common stock) held by such Continuing Shareholders after the reverse stock split will be reclassified into the same number of shares of common stock as such Continuing Shareholders held immediately prior to the effective time.
As a result of the forward stock split, the total number of shares of common stock held by a Continuing Shareholder would not change due to the stock splits.
There is no guarantee, however, that a broker will make a market in the common stock.
In addition, the Board appointed, Mark Dow of Rock Creek as the Company’s Chief Executive Officer, Chief Financial Officer and Secretary effective as of January 1, 2024.

Safeguard Scientifics Announces Stock Split Ratios to Effectuate the Going Dark Transaction

Retrieved on:

Monday, December 18, 2023

Pete Musser, File, Transaction, SFE, Special, Letter, OTC, Maxima and minima, Security (finance), Exchange

Upon the forward stock split, the shares of common stock (including any fraction of a share of common stock) held by such Continuing Shareholders after the reverse stock split will be reclassified into the same number of shares of common stock as such Continuing Shareholders held immediately prior to the effective time.

Key Points:

Upon the forward stock split, the shares of common stock (including any fraction of a share of common stock) held by such Continuing Shareholders after the reverse stock split will be reclassified into the same number of shares of common stock as such Continuing Shareholders held immediately prior to the effective time.
As a result of the forward stock split, the total number of shares of common stock held by a Continuing Shareholder would not change due to the stock splits.
The Company intends to voluntarily delist its common stock and to withdraw the registration of its common stock with the SEC in connection with amending its articles of incorporation to effect the stock splits.
Following the delisting of the Company’s common stock from trading on Nasdaq, any trading in the Company’s common stock would only occur in privately negotiated sales and potentially on an over-the-counter market.

Safeguard Scientifics’ Board of Directors Declares Contingent Cash Dividend of $0.35 Per Share

Retrieved on:

Friday, December 8, 2023

Schedule, SFE, Date, Special, Pete Musser, Security (finance), Holding company

Shareholders who sell their shares during the Dividend Right Period and prior to the ex-dividend date would be selling their right to the dividend and such shareholder will not be entitled to receive the dividend.

Key Points:

Shareholders who sell their shares during the Dividend Right Period and prior to the ex-dividend date would be selling their right to the dividend and such shareholder will not be entitled to receive the dividend.
Accordingly, the expected tax treatment of the dividend is based upon currently available information and is subject to change.
Safeguard expects to update information on the taxation of the dividend following the completion of 2023.
The return of capital dividend as reported on Form 8937 will be available on Safeguard’s website.

The Quebec Business Women's Network launches the Maïa Inclusive Growth Project: A Collective Effort to Empower Canadian Entrepreneurs

Retrieved on:

Wednesday, December 13, 2023

Knowledge, WBNB, WECM, Organization, SFE, Government, Commerce, BDC, Government of Canada, AWE, EY, Growth, PCFE, Canadian Women's Foundation, COVID-19 Supply Council, Woman, QC, Network

LONGUEUIL, QC, Dec. 13, 2023 /CNW/ - The Quebec Business Women's Network (QBWN) is pleased to announce the launch of the Maïa Inclusive Growth Project.

Key Points:

LONGUEUIL, QC, Dec. 13, 2023 /CNW/ - The Quebec Business Women's Network (QBWN) is pleased to announce the launch of the Maïa Inclusive Growth Project.
The Quebec Business Women's Network launches the Maïa Inclusive Growth Project to Empower Canadian Entrepreneurs.
This nationwide initiative brings together key players in the entrepreneurial ecosystem to break down barriers to integrating women-owned businesses into the supply chains of large buyers.
A financial contribution of $3.6 million from the Canadian Women's Foundation (SFE).

Safeguard Scientifics Announces Third Quarter 2023 Financial Results

Retrieved on:

Thursday, November 2, 2023

Corporation, SFE, Proxy, Pete Musser, Depreciation, Rare-earth element, Cryptocurrency, Reinsurance, Bank, Security (finance), Safeguard

RADNOR, Pa., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Safeguard Scientifics, Inc. (NASDAQ:SFE) (“Safeguard” or the “Company”) today announced financial results for the three and nine months ended September 30, 2023.

Key Points:

RADNOR, Pa., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Safeguard Scientifics, Inc. (NASDAQ:SFE) (“Safeguard” or the “Company”) today announced financial results for the three and nine months ended September 30, 2023.
Safeguard received $1.0 million of cash proceeds related to various escrow amounts from prior transactions, primarily from the Lumesis exit which occurred during the third quarter of 2022.
Consistent with its strategy to return value to shareholders, Safeguard is considering declaring a dividend during the quarter ended December 31, 2023, subject to Board approval.
Safeguard does not expect to make additional deployments to the portfolio during 2023.

SAFEGUARD SCIENTIFICS TO RELEASE THIRD QUARTER 2023 FINANCIAL RESULTS ON THURSDAY, November 2nd

Retrieved on:

Tuesday, October 24, 2023

Senior, SFE, Pete Musser, Management

Radnor, Pa, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Safeguard Scientifics, Inc. (NASDAQ:SFE) will release its financial results for the third quarter ended September 30, 2023 after the market close on Thursday, November 2, 2023.

Key Points:

Radnor, Pa, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Safeguard Scientifics, Inc. (NASDAQ:SFE) will release its financial results for the third quarter ended September 30, 2023 after the market close on Thursday, November 2, 2023.
Please call 10-15 minutes prior to the call to register.
Speakers: Chief Executive Officer, Eric C. Salzman; and Senior Vice President and Chief Financial Officer, Mark A. Herndon
The replay will also be available at the webcast link above.
For more information, please contact [email protected] .

Safeguard Scientifics’ Board of Directors Approves Plan to Voluntarily Terminate Registration of Its Common Stock with the SEC and Voluntarily Delist from Nasdaq

Retrieved on:

Thursday, October 5, 2023

Schedule, Pete Musser, Special, Minimum number of individuals, Reverse stock split, Maxima and minima, Safeguard, Cash out refinancing, SFE, Cryptocurrency, Security (finance)

In order to deregister its shares of common stock, the Company must reduce its number of shareholders of record to below 300.

Key Points:

In order to deregister its shares of common stock, the Company must reduce its number of shareholders of record to below 300.
Upon the forward stock split, the shares of common stock (including any fraction of a share of common stock) held by such Continuing Shareholders after the reverse stock split will be reclassified into the same number of shares of common stock as such Continuing Shareholders held immediately prior to the effective time.
As a result of the forward stock split, the total number of shares of common stock held by a Continuing Shareholder would not change due to the stock splits.
If the Stock Split Proposals are approved by shareholders at the Special Meeting and the Board decides to proceed with the going private transaction, the Company will take steps to terminate the registration of its common stock with the SEC and delist its common stock from trading on Nasdaq.