NewCo

Newco embraces FAST, partners with Amagi and AD Digital to kickstart their streaming journey

Retrieved on: 
Friday, August 11, 2023

In the coming months, Amagi will distribute the channels to leading FAST platforms in other international markets.

Key Points: 
  • In the coming months, Amagi will distribute the channels to leading FAST platforms in other international markets.
  • Amagi's cutting-edge cloud-playout solution, Amagi CLOUDPORT, is the technology backbone behind Newco's transition to FAST.
  • Additionally, Newco has deployed Amagi THUNDERSTORM's dynamic ad insertion services to increase their ad revenue opportunities.
  • The new channel brings fresh and interesting content ideas, and at AD Digital, we're eager to help them with this mission.

Newco embraces FAST, partners with Amagi and AD Digital to kickstart their streaming journey

Retrieved on: 
Friday, August 11, 2023

In the coming months, Amagi will distribute the channels to leading FAST platforms in other international markets.

Key Points: 
  • In the coming months, Amagi will distribute the channels to leading FAST platforms in other international markets.
  • Amagi's cutting-edge cloud-playout solution, Amagi CLOUDPORT, is the technology backbone behind Newco's transition to FAST.
  • Additionally, Newco has deployed Amagi THUNDERSTORM's dynamic ad insertion services to increase their ad revenue opportunities.
  • The new channel brings fresh and interesting content ideas, and at AD Digital, we're eager to help them with this mission.

Lithium Americas Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023

VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported financial and operating results for the quarter ended June 30, 2023 (“Q2 2023”).

Key Points: 
  • VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported financial and operating results for the quarter ended June 30, 2023 (“Q2 2023”).
  • Caucharí-Olaroz is expected to produce approximately 5,000 tonnes of lithium carbonate in 2023.
  • As of June 30, 2023, $895 million of the $979 million total expected capex has been spent (on a 100% basis).
  • On July 31, 2023, at the annual, general and special meeting of Lithium Americas shareholders, 98.85% of the votes cast by shareholders present in person or by proxy at the meeting voted in favor of the separation of the Company into Lithium Americas (Argentina) Corp. (“Lithium Argentina”) and a new Lithium Americas Corp. (“Lithium Americas (NewCo)”), pursuant to a statutory plan of arrangement (the “Separation”).

Lithium Americas Shareholders Approve Plan to Separate into Two Leading Lithium Companies

Retrieved on: 
Monday, July 31, 2023

VANCOUVER, British Columbia, July 31, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce that shareholders have voted in favor of the separation of the Company into Lithium Americas (Argentina) Corp. (“Lithium Argentina”) and a new Lithium Americas Corp. (“Lithium Americas (NewCo)”) pursuant to a statutory plan of arrangement (the “Separation”) at the Company’s annual general and special meeting of shareholders held today (the “Meeting”).

Key Points: 
  • VANCOUVER, British Columbia, July 31, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce that shareholders have voted in favor of the separation of the Company into Lithium Americas (Argentina) Corp. (“Lithium Argentina”) and a new Lithium Americas Corp. (“Lithium Americas (NewCo)”) pursuant to a statutory plan of arrangement (the “Separation”) at the Company’s annual general and special meeting of shareholders held today (the “Meeting”).
  • “We are delighted to see our shareholders’ overwhelming support for the Separation,” said Jonathan Evans, Lithium Americas’ President and CEO.
  • “Following the Separation, the Lithium Americas (NewCo) team is committed to advancing the Thacker Pass project toward production to support the critical North American lithium supply chain.
  • In connection with the approval of the Separation, the Company’s shareholders also passed the resolution approving a new equity incentive plan for Lithium Americas (NewCo) with 90.17% of the votes cast at the Meeting in favor of the resolution.

GLAAM Approves Business Combination with Jaguar Global Growth Corporation I at General Meeting of GLAAM Shareholders

Retrieved on: 
Monday, July 24, 2023

SEOUL, South Korea and MIAMI, July 24, 2023 (GLOBE NEWSWIRE) -- GLAAM Co., Ltd. (“GLAAM” or the “Company”), a leading designer and developer of architectural display glass, announced on July 21, 2023 that it held an extraordinary general meeting of shareholders and approved the previously announced business combination (the “business combination”) with Jaguar Global Growth I (Nasdaq: JGGC, JGGCR and JGGCW) (“JGGC”).

Key Points: 
  • SEOUL, South Korea and MIAMI, July 24, 2023 (GLOBE NEWSWIRE) -- GLAAM Co., Ltd. (“GLAAM” or the “Company”), a leading designer and developer of architectural display glass, announced on July 21, 2023 that it held an extraordinary general meeting of shareholders and approved the previously announced business combination (the “business combination”) with Jaguar Global Growth I (Nasdaq: JGGC, JGGCR and JGGCW) (“JGGC”).
  • GLAAM is expected to become a US publicly traded company in the third quarter of 2023.
  • As a result of the business combination, GLAAM and JGGC shareholders will exchange their shares for shares in a new combined company (“NewCo”).
  • GLAAM’s founder, Dr. Ho Joon Lee, indicated, “67% of all GLAAM shareholders and 100% of all GLAAM shareholders present at the shareholder meeting (including those who issued a proxy) voted in favor of the business combination.

Medigus: Jeffs' Brands to Acquire 50.01% Interest in an AI marketing Business to Enhance Its Machine Learning Capabilities

Retrieved on: 
Friday, July 7, 2023

Tel Aviv, Israel, July 07, 2023 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, announced today that Jeffs' Brands Ltd. (“Jeffs’ Brands”) (owned 34.87% by Medigus) a data-driven E-commerce company operating on the Amazon Marketplace, has entered into a non-binding letter of intent ("LOI") to acquire a majority controlling interest of the B24Chat business, an AI marketing  platform specializing in enterprise-level omnichannel and conversational automation management. 

Key Points: 
  • The entry into the LOI and the transaction contemplated thereby aligns with Jeffs' Brands' commitment to leveraging state-of-the-art technologies for enhancing its in-house marketing and service capability and revenue growth.
  • This acquisition signifies Jeffs' Brands' strategic entry into the AI domain, complementing its existing suite of businesses.
  • B24Chat, an AI-based customer service platform, offers an omnichannel and conversational automation management solution that helps companies streamline their customer interactions across various platforms.
  • The B24Chat platform offers companies the ability to build and operate their own branded, sales-focused websites or easy-to-use iOS & Android apps.

Jeffs’ Brands to Acquire 50.01% Interest in an AI marketing Business to Enhance Its Machine Learning Capabilities

Retrieved on: 
Thursday, July 6, 2023

Tel Aviv, Israel, July 06, 2023 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that it has entered into a non-binding letter of intent ("LOI") to acquire a majority controlling interest of the B24Chat business, an AI marketing  platform specializing in enterprise-level omnichannel and conversational automation management. 

Key Points: 
  • The entry into the LOI and the transaction contemplated thereby aligns with Jeffs' Brands' commitment to leveraging state-of-the-art technologies for enhancing its in-house marketing and service capability and revenue growth.
  • This acquisition signifies Jeffs' Brands' strategic entry into the AI domain, complementing its existing suite of businesses.
  • The LOI underscores Jeffs' Brands' commitment to enhancing its customer experiences through technology innovation, underscoring the importance of AI in shaping the future of business communications," said Viki Hakmon, Chief Executive Officer of Jeffs' Brands.
  • "We look forward to leveraging B24Chat’s AI capabilities to enhance the Company’s customer engagement across all our brands."

Building on Success Midway Through 2023: NewCo Capital Group

Retrieved on: 
Friday, June 16, 2023

NEW YORK, June 16, 2023 /PRNewswire/ -- Assertively positioned midway through 2023, NewCo Capital Group ("NewCo"), a premier figure in the Working Capital provision within the Alternative Financing arena, is primed to establish new heights of success.

Key Points: 
  • NEW YORK, June 16, 2023 /PRNewswire/ -- Assertively positioned midway through 2023, NewCo Capital Group ("NewCo"), a premier figure in the Working Capital provision within the Alternative Financing arena, is primed to establish new heights of success.
  • Its pioneering approach, centered on purchasing future receivables from SMBs, has enabled NewCo to infuse capital into businesses grappling with the current economic intricacies.
  • NewCo has showcased record-setting capital deployment to small businesses across the broader economy in the first half of 2023.
  • NewCo Capital Group has proved its resilience in a turbulent economy, coupled with a powerful executive team, a distinct competitive edge, and a devoted commitment to fostering the success of small businesses, NewCo Capital Group is entering the second half of 2023 full of confidence and enthusiasm.

Royal Road and MSB Holdings Enter into Joint Venture Shareholders Agreement for Mineral Exploration

Retrieved on: 
Thursday, June 1, 2023

In February of this year, Royal Road and MSB entered into a Strategic Alliance Agreement and Non-Binding Letter of Intent with respect to copper, gold and other metals exploration in the Kingdom of Saudi Arabia (see Press Release February 9, 2023).

Key Points: 
  • In February of this year, Royal Road and MSB entered into a Strategic Alliance Agreement and Non-Binding Letter of Intent with respect to copper, gold and other metals exploration in the Kingdom of Saudi Arabia (see Press Release February 9, 2023).
  • The Strategic Alliance Agreement has led to the development of an exploration decision-support-system, the generation of priority target areas and an initial 12-month work program and budget for exploration operations in KSA.
  • Summary terms of the Agreement, subject to regulatory approval, are as follows:
    Whilst each Party holds 50 percent of the issued shares of JVCO, the Board of JVCO shall be made up of an equal number of Directors appointed by Royal Road and MSB.
  • Forward-looking statements of the Company contained in this news release, which may prove to be incorrect, include, but are not limited to the Company's exploration plans.

MAGNACHIP ANNOUNCES PLAN TO SEPARATE DISPLAY AND POWER BUSINESSES

Retrieved on: 
Tuesday, May 30, 2023

SEOUL, South Korea, May 30, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced that the Company is separating its display and power businesses into separate entities, following approval by its board of directors and strategic review committee.

Key Points: 
  • SEOUL, South Korea, May 30, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced that the Company is separating its display and power businesses into separate entities, following approval by its board of directors and strategic review committee.
  • The Company plans to effectuate the internal separation (the "Internal Split-Off") by establishing a new subsidiary ("NewCo") under Magnachip Semiconductor, Ltd. ("Magnachip Korea"), the Company's operating subsidiary.
  • Once the Internal Split-Off is completed, Magnachip Korea and NewCo will both be separate operating companies, with NewCo being a wholly owned subsidiary of Magnachip Korea.
  • The Company's Gumi fabrication facility will remain with Magnachip Korea as an integral part of its power business.