Cyprus Securities and Exchange Commission

 iA Financial Group to Acquire Vericity in $170 million Transaction

Retrieved on: 
Tuesday, October 3, 2023

Vericity, Inc. (“Vericity”) (NASDAQ: VERY) today announced it has entered into a definitive merger agreement whereby iA American Holdings, Inc., a subsidiary of iA Financial Corporation, Inc. (“iA”) (collectively, “iA”) (TSX: IAG) will acquire Vericity in an all-cash transaction valued at approximately $170 million.

Key Points: 
  • Vericity, Inc. (“Vericity”) (NASDAQ: VERY) today announced it has entered into a definitive merger agreement whereby iA American Holdings, Inc., a subsidiary of iA Financial Corporation, Inc. (“iA”) (collectively, “iA”) (TSX: IAG) will acquire Vericity in an all-cash transaction valued at approximately $170 million.
  • Flowers”), a leading private investment firm dedicated to investing globally in the financial services industry.
  • We are confident that Vericity will continue to thrive as part of iA to the benefit of all of its stakeholders."
  • Raymond James Financial, Inc. is serving as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to Vericity on this transaction.

Micron Solutions, Inc. Board Announces Proposal for Stock Splits

Retrieved on: 
Tuesday, October 3, 2023

However, the Board retains the authority to abandon the Stock Splits at any time prior to filing the Certificates of Amendment with the Secretary of State of the State of Delaware if it determines the Stock Splits are no longer in the best interest of the Company.

Key Points: 
  • However, the Board retains the authority to abandon the Stock Splits at any time prior to filing the Certificates of Amendment with the Secretary of State of the State of Delaware if it determines the Stock Splits are no longer in the best interest of the Company.
  • During this time the Company’s Common Stock is expected to be quoted on the OTC Pink Markets.
  • Following the enactment of the Stock Splits, the Company’s expects not to be traded on the OTC Markets with trading only done privately.
  • About Micron Solutions, Inc. Micron Solutions, Inc., through its wholly-owned subsidiary, Micron Products, Inc., is a diversified contract manufacturing organization that produces highly-engineered, innovative medical device components requiring precision machining and injection molding.

Staffing 360 Solutions, Inc. Adopts Limited Duration Stockholder Rights Plan

Retrieved on: 
Monday, October 2, 2023

NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (Nasdaq: STAF) (“Staffing 360 Solutions” or the “Company”), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced that its Board of Directors (the “Board”) has adopted a limited duration stockholder rights plan (the “Rights Plan”).

Key Points: 
  • NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (Nasdaq: STAF) (“Staffing 360 Solutions” or the “Company”), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced that its Board of Directors (the “Board”) has adopted a limited duration stockholder rights plan (the “Rights Plan”).
  • The adoption of the Rights Plan is intended to protect the long-term interests of the Company and all of the Company’s stockholders and enable them to realize the full potential value of their investment in the Company.
  • The Rights Plan is not intended to prevent or interfere with any action with respect to the Company that the Board determines to be in the best interests of the Company and its stockholders.
  • The Rights Plan will encourage anyone seeking to gain a significant interest in the Company to negotiate directly with the Board prior to attempting to control or significantly influence the Company.

EQS-News: Drägerwerk AG & Co. KGaA: Notification pursuant to Art. 5 (1) of the Regulation (EU) No 596/2014 and Art. 2 (1) of the Delegated Regulation (EU) 2016/1052 of the Commission

Retrieved on: 
Monday, October 2, 2023

2 (1) of the Delegated Regulation (EU) 2016/1052 of the Commission

Key Points: 
  • 2 (1) of the Delegated Regulation (EU) 2016/1052 of the Commission
    The issuer is solely responsible for the content of this announcement.
  • 2 (1) of the Delegated Regulation (EU) 2016/1052 of the Commission
    On September 11, 2023, the Executive Board of Drägerwerk Verwaltungs AG resolved an employee participation program for Drägerwerk AG & Co. KGaA (“Dräger”).
  • 5 of the Regulation (EU) No 596/2014 in connection with the Delegated Regulation (EU) 2016/1052 of the Commission.
  • 2 (2) in connection with (3) of the Delegated Regulation (EU) 2016/1052 of the Commission.

Polished.com Inc. Announces Special Stockholder Meeting to Approve Reverse Stock Split

Retrieved on: 
Thursday, September 28, 2023

Holders of record of the Common Stock as of the close of business on September 19, 2023, will be entitled to notice of and to vote at the Special Meeting, which is scheduled for October 19, 2023 at 11:00 a.m. Eastern Time.

Key Points: 
  • Holders of record of the Common Stock as of the close of business on September 19, 2023, will be entitled to notice of and to vote at the Special Meeting, which is scheduled for October 19, 2023 at 11:00 a.m. Eastern Time.
  • Additional information regarding the Special Meeting, including how to vote, are available via proxy materials filed with the Securities and Exchange Commission (the "SEC"), and can be found at https://investor.polished.com/financials/sec-filings/default.aspx .
  • The Board may revoke the proposal and cancel the Special Meeting at any time if it determines that the reverse stock split is no longer in the best interests of the Company and its stockholders.
  • Even if the meeting occurs and the amendment to the Certificate of Incorporation is approved, the Board may delay or abandon the reverse stock split at any time prior to the effective time of the reverse stock split if the Board determines that the reverse stock split is no longer in the best interests of the Company or its stockholders.

Coty Inc. Announces Pricing of Global Offering and Admission to Listing and Trading of Class A Common Stock on the Professional Segment of Euronext Paris

Retrieved on: 
Thursday, September 28, 2023

Coty also announces the admission to listing and trading of its Class A Common Stock (including the shares of Class A Common Stock to be issued pursuant to the Offering) (the “Paris Listing”) on the professional segment of the regulated market of Euronext Paris (“Euronext Paris”) following approval by the Autorité des marchés financiers (the “AMF”) of the prospectus prepared in connection with such listing (the “French Listing Prospectus”).

Key Points: 
  • Coty also announces the admission to listing and trading of its Class A Common Stock (including the shares of Class A Common Stock to be issued pursuant to the Offering) (the “Paris Listing”) on the professional segment of the regulated market of Euronext Paris (“Euronext Paris”) following approval by the Autorité des marchés financiers (the “AMF”) of the prospectus prepared in connection with such listing (the “French Listing Prospectus”).
  • Shares on Euronext Paris are expected to start trading today at 9:30am ET / 3:30pm CET.
  • The Company intends to use the net proceeds from the Offering primarily to retire principal amount of outstanding debt.
  • Coty currently intends to manage its outstanding share count through discretionary settlement of one or more of its outstanding total return swaps.

VIQ Solutions Announces Delisting from Nasdaq and Director Resignation

Retrieved on: 
Wednesday, September 27, 2023

The Company notified Nasdaq that it would not appeal Nasdaq’s delisting decision.

Key Points: 
  • The Company notified Nasdaq that it would not appeal Nasdaq’s delisting decision.
  • Nasdaq has notified the Company that trading of its common shares will be suspended as of the opening of business on October 5th, 2023.
  • VIQ also announces today that Harvey Gordon has resigned from the board of directors of the Company effective September 26, 2023.
  • The Company wishes him success and is appreciative of his contributions during his appointment as a director at VIQ.

Progress Announces Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, September 26, 2023

BURLINGTON, Mass., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal third quarter ended August 31, 2023.

Key Points: 
  • Progress will hold a conference call to review its financial results for the fiscal third quarter of 2023 at 5:00 p.m.
  • Progress furnishes certain non-GAAP supplemental information to our financial results.
  • A reconciliation of non-GAAP adjustments to Progress' GAAP financial results is included in the tables at the end of this press release.
  • Acquisition-related expenses - We exclude acquisition-related expenses in order to provide a more meaningful comparison of the financial results to our historical operations and forward-looking guidance and the financial results of less acquisitive peer companies.

Coty Inc. Launches Global Offering of Class A Common Stock and Listing on the Professional Segment of Euronext Paris

Retrieved on: 
Monday, September 25, 2023

Coty has applied for the listing and trading of its Class A Common Stock (including the shares of Class A Common Stock to be issued pursuant to the Offering) (the “Paris Listing”) on the professional segment of Euronext Paris, which is subject to the approval of a listing prospectus (the “French Listing Prospectus”) by the Autorité des marchés financiers (the “AMF”).

Key Points: 
  • Coty has applied for the listing and trading of its Class A Common Stock (including the shares of Class A Common Stock to be issued pursuant to the Offering) (the “Paris Listing”) on the professional segment of Euronext Paris, which is subject to the approval of a listing prospectus (the “French Listing Prospectus”) by the Autorité des marchés financiers (the “AMF”).
  • The completion of the proposed Offering is subject to a number of conditions, including market and other conditions.
  • The Company intends to use the net proceeds from the Offering primarily to retire principal amount of outstanding debt.
  • Coty currently intends to manage its outstanding share count through discretionary settlement of one or more of its outstanding total return swaps.

voxeljet AG Announces Review of Strategic Alternatives

Retrieved on: 
Monday, September 25, 2023

voxeljet AG (NASDAQ: VJET) (voxeljet or the Company), a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced that its Management Board, together with the Supervisory Board (collectively, the Boards), has decided to initiate a formal review process to evaluate strategic alternatives for the Company.

Key Points: 
  • voxeljet AG (NASDAQ: VJET) (voxeljet or the Company), a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced that its Management Board, together with the Supervisory Board (collectively, the Boards), has decided to initiate a formal review process to evaluate strategic alternatives for the Company.
  • In furtherance of this objective, voxeljet has engaged BNP Paribas Securities Corp. as financial advisor and Hogan Lovells International LLP as legal advisor to assist in the exploration of strategic alternatives, which may include a full range of strategic, business, and financial alternatives, including, but not limited to, investments, mergers and acquisitions, and joint ventures, strategic partnerships, or other transactions.
  • There is no definitive timetable set for the completion of the strategic alternatives review and there can be no assurance that the review process will result in any transaction or any other strategic change or outcome.
  • Forward-looking statements include statements regarding our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations concerning, among other things, our strategic alternatives review, our results of operations, financial condition, business outlook, the industry in which we operate and the trends that may affect the industry or us.