SPAC

TUESDAY INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Origin Materials, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - ORGN

Retrieved on: 
Sunday, October 22, 2023

), the Origin Materials class action lawsuit charges Origin Materials and certain of its top officers with violations of the Securities Exchange Act of 1934.

Key Points: 
  • ), the Origin Materials class action lawsuit charges Origin Materials and certain of its top officers with violations of the Securities Exchange Act of 1934.
  • The Origin Materials class action lawsuit alleges Origin Materials further revealed that the construction would cost more and yield less capacity than previously announced.
  • The Origin Materials class action lawsuit alleges that on this news, the price of Origin Materials stock declined more than 66%.
  • The lead plaintiff can select a law firm of its choice to litigate the Origin Materials class action lawsuit.

Citius Pharmaceuticals Executes Definitive Agreement to Merge Wholly Owned Subsidiary with TenX Keane Acquisition to Form Publicly Listed Citius Oncology, Inc.

Retrieved on: 
Tuesday, October 24, 2023

CRANFORD, N.J. and NEW YORK, Oct. 24, 2023 /PRNewswire/ -- Citius Pharmaceuticals, Inc. ("Citius Pharma" or the "Company") (Nasdaq: CTXR), a biopharmaceutical company developing and commercializing first-in-class critical care products, and TenX Keane Acquisition ("TenX") (NASDAQ: TENKU), a publicly traded special purpose acquisition company (SPAC), today announced that they have entered into a definitive agreement, dated October 23, 2023, for a proposed merger of TenX and Citius Pharma's wholly owned oncology subsidiary that will continue as a public company listed on the Nasdaq exchange. The newly combined public company will be named Citius Oncology, Inc. ("Citius Oncology"). Upon closing, pursuant to the terms of the merger agreement, Citius Pharma would receive 67.5 million shares in Citius Oncology at $10 per share and retain majority ownership of approximately 90%. The transaction has been approved by the Board of Directors of both companies and is expected to close in the first half of 2024. 

Key Points: 
  • The newly combined public company will be named Citius Oncology, Inc. ("Citius Oncology").
  • "We are very pleased to announce the proposed merger with Citius Oncology," said Mr. Xiaofeng Yuan, Chairman and CEO of TenX.
  • Pursuant to the proposed agreement, TenX will acquire Citius Pharma's wholly owned subsidiary via a merger, with the newly combined publicly traded company to be named Citius Oncology, Inc.
  • In the transaction, all shares of Citius Pharma's wholly owned subsidiary would be converted into the right to receive common stock of Citius Oncology.

INVESTOR DEADLINE NEXT WEEK: Robbins Geller Rudman & Dowd LLP Announces that Origin Materials, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Retrieved on: 
Wednesday, October 18, 2023

), the Origin Materials class action lawsuit charges Origin Materials as well as certain of its top officers with violations of the Securities Exchange Act of 1934.

Key Points: 
  • ), the Origin Materials class action lawsuit charges Origin Materials as well as certain of its top officers with violations of the Securities Exchange Act of 1934.
  • The Origin Materials class action lawsuit alleges Origin Materials further revealed that the construction would cost more and yield less capacity than previously announced.
  • The Origin Materials class action lawsuit alleges that on this news, the price of Origin Materials stock declined more than 66%.
  • The lead plaintiff can select a law firm of its choice to litigate the Origin Materials class action lawsuit.

X-Energy Participates in SPAC Insider Podcast

Retrieved on: 
Monday, October 23, 2023

X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell participated in a SPAC Insider podcast.

Key Points: 
  • X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell participated in a SPAC Insider podcast.
  • Click here to hear the podcast.
  • How advanced small modular reactors are uniquely positioned in the energy mix for a range of utilities and industrial clients.
  • How X-energy's focus on its proprietary nuclear fuel – TRISO-X - has brought a new business model to the space.

EVES ENERGY (SG): Significant Milestone in Sustainable Oil Production through Innovative Algae Technology & Team Expertise

Retrieved on: 
Thursday, October 19, 2023

This collaborative endeavour marks a pivotal moment in the journey towards sustainable oil production.

Key Points: 
  • This collaborative endeavour marks a pivotal moment in the journey towards sustainable oil production.
  • Over a year ago, discoveries unveiled in March 2022 ( http://bit.ly/3PW96OB ) paved the way for the development of a revolutionary technology for bulk microalgae oil production, which is on the brink of commercialization.
  • In parallel, EVES ENERGY is actively charting its course toward a Special Purpose Acquisition Company (SPAC) listing on NASDAQ, further solidifying its market position.
  • (Graphic: Business Wire)
    The groundbreaking technology carries immense potential to revolutionize conventional oil production methods while addressing critical sustainability challenges within the food industry.

NEW CAMPAIGN REMINDS THE WORLD SAN FRANCISCO IS THE PLACE FOR INNOVATION AND TRAILBLAZING

Retrieved on: 
Friday, October 20, 2023

SAN FRANCISCO, Oct. 20, 2023 /PRNewswire/ -- A consortium of San Francisco business leaders has launched a spirited campaign to remind the world why San Francisco has been, and will always be, one of the greatest cities.

Key Points: 
  • "It All Starts Here" Celebrates San Francisco Businesses, Artists and Innovators
    SAN FRANCISCO, Oct. 20, 2023 /PRNewswire/ -- A consortium of San Francisco business leaders has launched a spirited campaign to remind the world why San Francisco has been, and will always be, one of the greatest cities.
  • All are equally committed to solving the challenges that afflict post-pandemic San Francisco.
  • With this campaign, we're creating a spark so that people say, 'Let's do this together, because San Francisco is an amazing city and 'it all starts here.'"
  • The campaign celebrates all that makes the San Francisco Bay Area extraordinary – highlighting its diverse, homegrown companies, institutions, and IP.

Ontario Securities Commission seeks applications for the Securities Proceedings Advisory Committee

Retrieved on: 
Wednesday, October 18, 2023

The SPAC advises the Governance & Tribunal Secretariat on a variety of policy and procedural initiatives relating to the Capital Markets Tribunal.

Key Points: 
  • The SPAC advises the Governance & Tribunal Secretariat on a variety of policy and procedural initiatives relating to the Capital Markets Tribunal.
  • The Committee typically meets twice a year and on an as-needed basis and may also be required to provide written feedback on initiatives.
  • The SPAC consists of staff of the Ontario Securities Commission and members from the private sector.
  • Applicants must be currently practising or have practised in securities litigation within the last three years, be in good standing with the Law Society of Ontario, have an excellent knowledge of Ontario securities law, and a strong interest in the development of tribunal policy and procedure.

Holley, Inc. SHAREHOLDER ALERT: Johnson Fistel Encourages Holley Inc. f/k/a Empower Ltd. Shareholders with Losses to Contact the Firm Regarding Investigation

Retrieved on: 
Tuesday, October 17, 2023

The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.

Key Points: 
  • The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
  • If you purchased Holley securities and suffered significant losses on your investment, join our investigation now:
    There is no cost or obligation to you.
  • The investigation pertains to whether executives at the company misrepresented or failed to timely disclose material and adverse information to investors.
  • Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program.

Digital Ally Appoints New Member of the Board of Directors

Retrieved on: 
Tuesday, October 17, 2023

LENEXA, KS., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (the “Company”) (Nasdaq: DGLY), today announced that the Board of Directors (the “Board”) of the Company appointed D. Duke Daughtery as a member of the Board, effective immediately, to hold office until the next meeting of shareholders of the Company at which directors are being elected or as set forth in the Company’s bylaws.

Key Points: 
  • LENEXA, KS., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (the “Company”) (Nasdaq: DGLY), today announced that the Board of Directors (the “Board”) of the Company appointed D. Duke Daughtery as a member of the Board, effective immediately, to hold office until the next meeting of shareholders of the Company at which directors are being elected or as set forth in the Company’s bylaws.
  • Mr. Daughtery was instrumental in the significant growth of Grant Thornton’s Kansas City audit practice.
  • There are no other arrangements or understandings between Mr. Daughtery and any other persons pursuant to which he was appointed as a member of the Board.
  • There are also no family relationships between any of the Company’s directors or officers and Mr. Daughtery.

Schulte Roth & Zabel Strengthens M&A and Securities Group With Addition of Damian Petrovic

Retrieved on: 
Tuesday, October 17, 2023

Schulte Roth & Zabel is proud to announce the addition of Damian Petrovic as a partner in the M&A and Securities Group in New York.

Key Points: 
  • Schulte Roth & Zabel is proud to announce the addition of Damian Petrovic as a partner in the M&A and Securities Group in New York.
  • Damian represents private equity sponsors and their portfolio companies with respect to mergers, acquisitions and divestitures.
  • “Damian’s sophisticated and broad-based skill set will deepen our capabilities as we continue to expand our already significant middle market private equity practice,” said Brian Miner, co-chair of the firm’s M&A and Securities Group.
  • Damian’s move to Schulte continues the firm’s growth of its M&A and Securities Group, which welcomed David Curtiss , who focuses on capital markets transactions, regularly representing clients in equity and debt offerings, in September.