Business analyst

BURGERFI DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against BurgerFi International, Inc. and Encourages Investors to Contact the Firm

Retrieved on:

Saturday, June 3, 2023

Class Action Lawsuit, Professional Services, Legal, P.C, Telephone, BurgerFi, Jeanne Eagels, Business analyst, BFI, Person, District court, Acquisition, Court, Depreciation, News, Risk management, Cryptocurrency

Investors have until June 5, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points:

Investors have until June 5, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On November 4, 2021, the Company completed its acquisition of Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) for $156.6 million (the “Anthony’s Acquisition”).
On August 11, 2022, during pre-market hours, BurgerFi issued a press release announcing the Company’s second quarter (“Q2”) 2022 results.
Then, on November 16, 2022, during pre-market hours, BurgerFi issued a press release announcing the Company’s third quarter (“Q3”) 2022 results.

Seaport Global Acquisition II Corp. and American Battery Materials Announce Definitive Business Combination Agreement to Create Nasdaq Listed Company

Retrieved on:

Friday, June 2, 2023

OTC Markets Group, DLE, Port, Probability, Business, Business analyst, ABM, Sumathi Best Television Current Reporting Award, Acquisition, Lithium, Security (finance), Mining, Paradox Basin

The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).

Key Points:

The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).
ABM is an exploration stage company focused on DLE and other minerals critical to the global energy transition.
The Company owns 102 federal mining claims in Eastern Utah across 2,040 acres of federal land including seven existing wells.
ABM is focused on supplying domestically-sourced critical minerals, with a particular focus on lithium, to global markets.

Seaport Global Acquisition II Corp. and American Battery Materials Announce Definitive Business Combination Agreement to Create Nasdaq Listed Company

Retrieved on:

Friday, June 2, 2023

OTC Markets Group, DLE, Port, Probability, Business, Business analyst, ABM, Sumathi Best Television Current Reporting Award, Acquisition, Lithium, Security (finance), Mining, Paradox Basin

The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).

Key Points:

The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).
ABM is an exploration stage company focused on DLE and other minerals critical to the global energy transition.
The Company owns 102 federal mining claims in Eastern Utah across 2,040 acres of federal land including seven existing wells.
ABM is focused on supplying domestically-sourced critical minerals, with a particular focus on lithium, to global markets.

LF Capital Acquisition Corp. II Provides Update Regarding Potential Business Combination

Retrieved on:

Friday, June 2, 2023

As previously announced, LF Capital Acquisition Corp. II, a Delaware corporation (“LF II”) (NASDAQ: LFAC), entered into a non-binding letter of intent (the “Letter of Intent”) to enter into a business combination (the “Business Combination”) with a private company (the “LOI Target”) that meets LF II’s acquisition criteria and business strategy in February 2023.

Key Points:

As previously announced, LF Capital Acquisition Corp. II, a Delaware corporation (“LF II”) (NASDAQ: LFAC), entered into a non-binding letter of intent (the “Letter of Intent”) to enter into a business combination (the “Business Combination”) with a private company (the “LOI Target”) that meets LF II’s acquisition criteria and business strategy in February 2023.
LF II believes that a Business Combination with the LOI Target will help accelerate the LOI Target's growth and allow it to become a national leader in its industry.
LF II is currently seeking an amendment to its charter to provide for additional one-month extensions (until November 19, 2023) in order to extend the date by which LF II must consummate an initial business combination.
If LF II is unable to complete an initial business combination by such extended date, LF II may be forced to liquidate.

Chijet Motor Company, Inc. and Chijet, Inc., a High-Tech Enterprise Engaged in the Development, Production and Sales of New Energy Vehicles, together with Jupiter Wellness Acquisition Corp. Announce Closing of Business Combination

Retrieved on:

Thursday, June 1, 2023

Business analyst, JWAC, LLP, Cayman, Cryptocurrency

New York, NY, June 01, 2023 (GLOBE NEWSWIRE) -- Jupiter Wellness Acquisition Corp. (“JWAC”) (Nasdaq: “JWAC” for common stock and “JWACR” for rights), today announced the completion of its previously announced business combination (the “Business Combination”), with Chijet, Inc., a high-tech enterprise engaged in the development, production and sales of new energy vehicles, and their newly formed holding company, Chijet Motor Company, Inc. (“Chijet”). Chijet’s ordinary shares are expected to begin trading on The Nasdaq Global Market (“Nasdaq”) under the new ticker symbol “CJET” on June 2, 2023. The Business Combination was approved at a special meeting of JWAC’s stockholders on May 2, 2022. Upon the closing of the Business Combination, the previously-trading Class A common stock, and rights, of JWAC ceased to trade with such rights being by their terms exchangeable for one-eighth of one share of such Class A common stock upon the closing of the Business Combination.

Key Points:

The Business Combination will add cash, including funds from JWAC’s trust account, to support Chijet’s growth and internal expansion.
Chijet’s ordinary shares are expected to commence trading on The Nasdaq Global Market under ticker symbol “CJET”, on June 2, 2023.
The Business Combination was approved at a special meeting of JWAC’s stockholders on May 2, 2022.
Ellenoff Grossman & Schole LLP served as legal counsel to Chijet, Inc.
Sichenzia Ross Ference LLP served as legal counsel to JWAC.

Digerati Technologies, Inc. Announces Further Postponement of Special Meeting of Shareholders

Retrieved on:

Wednesday, May 31, 2023

Business analyst, Unified communications, OTCQB, SAN, EDT, Special, Digerati

On May 24, 2023, Digerati determined to postpone the Special Meeting until 11:00 a.m. EDT on Friday, May 26, 2023.

Key Points:

On May 24, 2023, Digerati determined to postpone the Special Meeting until 11:00 a.m. EDT on Friday, May 26, 2023.
On May 25, 2023, Digerati determined to further postpone the Special Meeting until 2:00 p.m. EDT on Wednesday, May 31, 2023.
On May 30, 2023, Digerati determined to further postpone the Special Meeting until a date, on or prior to June 12, 2023, to be determined by Digerati.
At such time as the date and time of the Special Meeting, as postponed, is determined, Digerati shall issue, at least 48 hours in advance, a press release and file a Current Report on Form 8-K providing such information to its stockholders.

Minority Equality Opportunities Acquisition Inc. Announces Further Postponement of Special Meeting of Shareholders

Retrieved on:

Wednesday, May 31, 2023

Business, Business analyst, EDT, Prospectus, Acquisition, Special, Digerati

Waxahachie, TX, May 31, 2023 (GLOBE NEWSWIRE) -- On May 3, 2023, Minority Equality Opportunities Acquisition Inc. (NASDAQ: MEOA) (“MEOA” or the “Company”), a special purpose acquisition company, filed a definitive proxy statement / final prospectus with respect to a special meeting of its stockholders to be held on Wednesday, May 24, 2023 at 10:00 a.m. EDT (the “Special Meeting”) to vote on, among other things, a proposal to adopt and approve that certain Business Combination Agreement by and among MEOA, Digerati Technologies, Inc. (“Digerati”) and MEOA Merger Sub, Inc., and the business combination contemplated thereby (the “Business Combination”).

Key Points:

Waxahachie, TX, May 31, 2023 (GLOBE NEWSWIRE) -- On May 3, 2023, Minority Equality Opportunities Acquisition Inc. (NASDAQ: MEOA) (“MEOA” or the “Company”), a special purpose acquisition company, filed a definitive proxy statement / final prospectus with respect to a special meeting of its stockholders to be held on Wednesday, May 24, 2023 at 10:00 a.m. EDT (the “Special Meeting”) to vote on, among other things, a proposal to adopt and approve that certain Business Combination Agreement by and among MEOA, Digerati Technologies, Inc. (“Digerati”) and MEOA Merger Sub, Inc., and the business combination contemplated thereby (the “Business Combination”).
On May 24, 2023, MEOA determined to postpone the Special Meeting until Friday, May 26, 2023, and 0n May 25, 2023, MEOA determined to further postpone the Special Meeting until Wednesday, May 31, 2023.
On May 30, 2023, MEOA determined to further postpone the Special Meeting until a date, on or prior to June 12, 2023, to be determined by MEOA.
At such time as the date and time of the Special Meeting, as postponed, is determined, MEOA shall issue a press release and file and Current Report on Form 8-K providing such information to its stockholders.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against BurgerFi, Hesai, and Vertex Energy and Encourages Investors to Contact the Firm

Retrieved on:

Wednesday, May 31, 2023

P.C, BurgerFi, Tax, Gasoline, Business analyst, Register, EBITDA, Acquisition, Depreciation, News, Registration statement, Cryptocurrency, Audit

For more information on the Hesai class action go to: https://bespc.com/cases/HSAI

Key Points:

For more information on the Hesai class action go to: https://bespc.com/cases/HSAI
Vertex Energy is an energy company focused on the production and distribution of conventional and alternative fuels.
On August 9, 2022, Vertex Energy disclosed a net loss of $63.8 million during the second quarter of 2022.
On this news, the price of Vertex Energy common stock fell by approximately 44%, damaging investors.
For more information on the Vertex Energy class action go to: https://bespc.com/cases/VTNR

Welsbach Technology Metals Acquisition Corp. Announces Extension to Business Combination Deadline

Retrieved on:

Tuesday, May 30, 2023

Sponsor, Trust, Business analyst, Sale, Accounting, Acquisition, Interest on Lawyer Trust Accounts, Security (finance)

New York, NY, May 30, 2023 (GLOBE NEWSWIRE) -- Welsbach Technology Metals Acquisition Corp. (the “Company”), a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”), announced today that it has approved an extension of the time period to consummate a Business Combination, in accordance with Article G of the Company’s amended and restated certificate of incorporation, to and including June 30, 2023.

Key Points:

New York, NY, May 30, 2023 (GLOBE NEWSWIRE) -- Welsbach Technology Metals Acquisition Corp. (the “Company”), a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”), announced today that it has approved an extension of the time period to consummate a Business Combination, in accordance with Article G of the Company’s amended and restated certificate of incorporation, to and including June 30, 2023.
The Company confirms that such Proceeds were placed on deposit in the Company’s Trust Account on May 26, 2023.
No assurance can be given that the transactions discussed above will be completed on the terms described, or at all.
Christopher Clower, Welsbach Technology Metals Acquisition Corp.

Pacific Coast Oil Trust Announces There Will Be No May Cash Distribution

Retrieved on:

Wednesday, May 31, 2023

ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.

Key Points:

ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.
As a result, the total proceeds received by the Trust in each of 2020 and 2021 were less than $2.0 million.
Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the “Underlying Properties”).
Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period.