Amendment

Intrepid Announces Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Wednesday, March 6, 2024

Denver, CO, March 06, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) ("Intrepid", the "Company", "we", "us" and "our") today reports its financial results for the fourth quarter and full-year of 2023.

Key Points: 
  • Denver, CO, March 06, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) ("Intrepid", the "Company", "we", "us" and "our") today reports its financial results for the fourth quarter and full-year of 2023.
  • Included in the GAAP net loss figures are non-cash impairment charges of $42.8 million in the fourth quarter of 2023 and $43.3 million for the full-year 2023.
  • Adjusted EBITDA(1) of $7.1 million for the fourth quarter, bringing our full-year 2023 adjusted EBITDA to $41.6 million.
  • Intrepid generated fourth quarter and full-year 2023 sales of approximately $56.7 million and $279.1 million, respectively, which compares to fourth quarter and full-year 2022 sales of approximately $66.7 million and $337.6 million, respectively.

QEP Completes Sale Of Australia/New Zealand Business

Retrieved on: 
Monday, March 4, 2024

CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today announced that it has completed the previously announced sale of its Australia and New Zealand business (the “ANZ Business”) to QEP Australasia Pty.

Key Points: 
  • CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today announced that it has completed the previously announced sale of its Australia and New Zealand business (the “ANZ Business”) to QEP Australasia Pty.
  • Bruce Maclaren has served as the Managing Director of the ANZ Business for 20 years including a period of three years as CEO European Operations for QEP based in the UK.
  • Tony Lei has also been involved with QEP for over 20 years as a valued supplier to the ANZ Business and QEP’s other businesses around the world.
  • Executive Chairman of QEP, Lewis Gould, stated, “The closing of this transaction is another significant step to realign our global footprint to drive long-term stockholder value.

American Hotel Income Properties REIT LP Reports 2023 Results With 5.9% Annual RevPAR Growth

Retrieved on: 
Wednesday, February 28, 2024

On November 7, 2023, AHIP entered into an amendment to its revolving credit facility (the “RCF”) and certain term loans (the “Sixth Amendment”).

Key Points: 
  • On November 7, 2023, AHIP entered into an amendment to its revolving credit facility (the “RCF”) and certain term loans (the “Sixth Amendment”).
  • The total appraised value of the 20 hotel properties (the "Borrowing Base Properties") is $286.2 million.
  • The appraised value of $286.2 million for the 20 Borrowing Base Properties (2,070 keys) is equivalent to $138 thousand per key.
  • The borrowing availability is subject to a maximum of 67.5% LTV based on the appraised value of the Borrowing Base Properties.

STRATA Skin Sciences Announces Successful Amendment to Credit Agreement with MidCap Financial

Retrieved on: 
Monday, February 26, 2024

HORSHAM, Pa., Feb. 26, 2024 (GLOBE NEWSWIRE) -- STRATA Skin Sciences, Inc. (NASDAQ: SSKN) (“STRATA” or “the Company”), a medical technology company dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions, today announced the successful amendment of its credit and security agreement with MidCap Financial Trust (“MidCap”) effective February 20, 2024.

Key Points: 
  • HORSHAM, Pa., Feb. 26, 2024 (GLOBE NEWSWIRE) -- STRATA Skin Sciences, Inc. (NASDAQ: SSKN) (“STRATA” or “the Company”), a medical technology company dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions, today announced the successful amendment of its credit and security agreement with MidCap Financial Trust (“MidCap”) effective February 20, 2024.
  • This amendment, recognized as Amendment No.
  • 4 (“Amendment”), removes the minimum revenue requirements for 2023 and introduces future financial covenants.
  • Dolev Rafaeli, STRATA’s Vice Chairman and Chief Executive Officer, remarked, “This amendment signifies the strength of our partnership with MidCap Financial Trust and our lenders.

Pluribus Technologies Corp. Announces Further Amendment to Forbearance Agreement

Retrieved on: 
Thursday, March 7, 2024

TORONTO, March 7, 2024 /PRNewswire/ - Pluribus Technologies Corp. (TSXV: PLRB) ("Pluribus" or the "Company") announces a further amendment (the "Amendment") to the previously-announced forbearance agreement dated January 18, 2024, between the Company and National Bank of Canada (the "Lender"), relating to a secured credit agreement dated April 27, 2022, as amended, among the Company, certain of its subsidiaries and the Lender.

Key Points: 
  • TORONTO, March 7, 2024 /PRNewswire/ - Pluribus Technologies Corp. (TSXV: PLRB) ("Pluribus" or the "Company") announces a further amendment (the "Amendment") to the previously-announced forbearance agreement dated January 18, 2024, between the Company and National Bank of Canada (the "Lender"), relating to a secured credit agreement dated April 27, 2022, as amended, among the Company, certain of its subsidiaries and the Lender.
  • Under the Amendment, the Lender has agreed to provide a further extension for payment of an amortization payment that was originally due on February 29, 2024 to allow the Company to continue its previously announced strategic review process, which involves a review and evaluation of strategic alternatives that may be available to the Company to further enhance the Company's growth, development and prosperity in the short and long terms, with the goal of maximizing shareholder value.
  • The Company will provide an update when further disclosure is required or otherwise appropriate.

GameOn LALIGA War Chest Sells Out in 24 Hours

Retrieved on: 
Monday, March 4, 2024

GameOn sold 3,500 War Chests in 24 hours on OpenSea and Arbitrum.

Key Points: 
  • GameOn sold 3,500 War Chests in 24 hours on OpenSea and Arbitrum.
  • "The team's fast and nimble response to Ethereum gas challenges - by pausing, pivoting, and relaunching on Arbitrum just 24 hours later - kept the community engaged and momentum alive, resulting in an emphatic and hard-earned sellout," said Matt Bailey, CEO at GameOn.
  • GameOn's attention now turns to fostering GameOn LALIGA further with player avatar mints and the fantasy game release, as well as launching $GAME in collaboration with Sportsology and announcing new major league partners.
  • GameOn LALIGA recently launched on social media, amassing more than 200,000 video views and a community of over 100,000 across X, Discord, email, and waitlist.

Pluribus Technologies Corp. Announces Amendment to Forbearance Agreement

Retrieved on: 
Friday, March 1, 2024

TORONTO, March 1, 2024 /PRNewswire/ - Pluribus Technologies Corp. (TSXV: PLRB) ("Pluribus" or the "Company") announces an amendment (the "Amendment") to the previously-announced forbearance agreement dated January 18, 2024 between the Company and National Bank of Canada (the "Lender"), relating to a secured credit agreement dated April 27, 2022, as amended, among the Company, certain of its subsidiaries and the Lender.

Key Points: 
  • TORONTO, March 1, 2024 /PRNewswire/ - Pluribus Technologies Corp. (TSXV: PLRB) ("Pluribus" or the "Company") announces an amendment (the "Amendment") to the previously-announced forbearance agreement dated January 18, 2024 between the Company and National Bank of Canada (the "Lender"), relating to a secured credit agreement dated April 27, 2022, as amended, among the Company, certain of its subsidiaries and the Lender.
  • Under the Amendment, the Lender has agreed provide an extension for payment of an amortization payment that was originally due on February 29, 2024 to allow the Company to continue its previously announced strategic review process, which involves a review and evaluation of strategic alternatives that may be available to the Company to further enhance the Company's growth, development and prosperity in the short and long terms, with the goal of maximizing shareholder value.
  • The Company will provide an update when further disclosure is required or otherwise appropriate.

CE Brands Announces Amended Short Form Prospectus Offering

Retrieved on: 
Wednesday, February 21, 2024

CALGARY, AB, Feb. 21, 2024 /CNW/ - CE Brands Inc. (TSXV: CEBI) ("CE Brands"), a data-driven consumer electronics company, reports that, further to the filing of CE Brands' preliminary short form prospectus qualifying the public offering (the "Offering") of common shares in the capital of CE Brands (the "Shares"), which was previously announced on November 20, 2023, CE Brands has filed an amended and restated preliminary short form prospectus (the "Amended Prospectus") with the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, and Saskatchewan (collectively, the "Amendment").

Key Points: 
  • CALGARY, AB, Feb. 21, 2024 /CNW/ - CE Brands Inc. (TSXV: CEBI) ("CE Brands"), a data-driven consumer electronics company, reports that, further to the filing of CE Brands' preliminary short form prospectus qualifying the public offering (the "Offering") of common shares in the capital of CE Brands (the "Shares"), which was previously announced on November 20, 2023, CE Brands has filed an amended and restated preliminary short form prospectus (the "Amended Prospectus") with the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, and Saskatchewan (collectively, the "Amendment").
  • CE Brands is pleased to announce that, pursuant to the Amendment and as further described in the Amended Prospectus, the Offering will now be for 25,000,000 Shares at an issue price of $0.20 per Share, for gross proceeds of $5,000,000.
  • As previously announced on November 20, 2023, CE Brands has engaged Integral Wealth Securities Limited ("Integral") as the sole agent for the Offering, to use commercially reasonable efforts to market the Offering.
  • Pursuant to the Amendment, CE Brands can now report that the number of Over-Allotment Shares shall be 2,500,000.

iAnthus Announces Extension of New Jersey Bridge Notes

Retrieved on: 
Tuesday, February 20, 2024

On February 2, 2024, in order to facilitate the Amendment, the parties agreed to a short-term extension of the maturity date from February 2, 2024, to February 16, 2024.

Key Points: 
  • On February 2, 2024, in order to facilitate the Amendment, the parties agreed to a short-term extension of the maturity date from February 2, 2024, to February 16, 2024.
  • As of the date of the Amendment, the aggregate principal amount outstanding on the Bridge Notes is equal to approximately US$15.8 million.
  • Lastly, the Company has agreed to utilize twenty-five (25%) of Non-Operational Cash Receipts in excess of US$5,000,000 to make payments towards the principal amount outstanding under the Bridge Notes, without penalty.
  • 1The 20- day volume weighted average trading price of the Common Shares is C$.0348, calculated as of February 16, 2024.

AHF Sues Post Office Over Refusal to Deliver Mail to Tenants at SRO Buildings

Retrieved on: 
Tuesday, February 13, 2024

AHF currently houses 1417 people in 13 SRO properties in Los Angeles.

Key Points: 
  • AHF currently houses 1417 people in 13 SRO properties in Los Angeles.
  • The Postal Service formally was served on the case – Shawn Jenkins and AIDS Healthcare Foundation vs. USPS, Louis DeJoy & Six … ( Case No.
  • California law requires landlords have an individual, locking mailbox for each SRO tenant.
  • However, the USPS is refusing to deliver mail into those individual mailboxes, instead dumping dozens or hundreds of people's mail into one big pile at the front desk of each SRO property each day.