Cyprus Securities and Exchange Commission

Five In A Row! Foster & Motley Named to CNBC Financial Advisor 100 for 5th Consecutive Year

Retrieved on: 
Wednesday, September 13, 2023

CINCINNATI, Sept. 13, 2023 /PRNewswire/ -- CNBC has recognized Foster & Motley as one of the nation's 100 top-rated financial advisory firms of 2023. It is the fifth consecutive year the firm has earned a spot in the annual ranking. Foster & Motley, a Cincinnati-based registered investment advisory (RIA) firm, is the only local company to make the list for five years straight. At 46 in the ranking, Foster & Motley is in the top 1% of the over 40,600 RIA firms from the Securities and Exchange Commission regulatory database that CNBC analyzed.

Key Points: 
  • CINCINNATI, Sept. 13, 2023 /PRNewswire/ -- CNBC has recognized Foster & Motley as one of the nation's 100 top-rated financial advisory firms of 2023.
  • Foster & Motley, a Cincinnati-based registered investment advisory (RIA) firm, is the only local company to make the list for five years straight.
  • At 46 in the ranking, Foster & Motley is in the top 1% of the over 40,600 RIA firms from the Securities and Exchange Commission regulatory database that CNBC analyzed.
  • The 2023 CNBC FA 100 list was published on September 12, 2023, and was selected using a proprietary methodology developed by CNBC in partnership with data provider AccuPoint Solutions.

Advanced Energy Announces Proposed Offering of $500 Million Convertible Senior Notes

Retrieved on: 
Wednesday, September 6, 2023

Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, announced today that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of Convertible Senior Notes due 2028 (the “notes”) in a private offering.

Key Points: 
  • Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, announced today that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of Convertible Senior Notes due 2028 (the “notes”) in a private offering.
  • Advanced Energy also expects to grant to the initial purchasers of the notes an option to purchase, up to an additional $75 million aggregate principal amount of the notes.
  • The initial conversion rate and other terms of the notes will be determined by negotiations between Advanced Energy and the initial purchasers of the notes.
  • In connection with the pricing of the notes, Advanced Energy expects to enter into privately negotiated convertible note hedge transactions with the option counterparties.

Vitru Announces Proposed Group Restructuring and Migration of Listing

Retrieved on: 
Tuesday, September 5, 2023

If approved, the proposal would merge Vitru into its wholly-owned subsidiary, Vitru Brasil Empreendimentos, Participações e Comércio S.A., a Brazilian corporation (sociedade anônima) (“Vitru Brazil”), pursuant to which Vitru Brazil would be the surviving entity and would become the new holding company for the Vitru group.

Key Points: 
  • If approved, the proposal would merge Vitru into its wholly-owned subsidiary, Vitru Brasil Empreendimentos, Participações e Comércio S.A., a Brazilian corporation (sociedade anônima) (“Vitru Brazil”), pursuant to which Vitru Brazil would be the surviving entity and would become the new holding company for the Vitru group.
  • Vitru Brazil intends to list its common shares under the Novo Mercado segment of B3 S.A. – Brasil, Bolsa, Balcão (the “B3”).
  • It is expected that Vitru Brazil will set up a temporary American depositary shares (“ADS”) program to facilitate the delivery of common shares of Vitru Brazil to holders of common shares of Vitru Cayman.
  • This communication is being made in respect of the proposed corporate restructuring of Vitru and Vitru Brazil.

eMagin Stockholders Approve Acquisition by Samsung Display

Retrieved on: 
Thursday, August 31, 2023

HOPEWELL JUNCTION, N.Y., Aug. 31, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation (NYSE American: EMAN) (“eMagin” or the “Company”), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, today announced that its stockholders voted to approve eMagin’s pending acquisition by Samsung Display Co., Ltd. (“Samsung Display”), a subsidiary of Samsung Electronics Co., Ltd. and manufacturer and distributor of display products, at eMagin’s special meeting of stockholders held earlier today.

Key Points: 
  • HOPEWELL JUNCTION, N.Y., Aug. 31, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation (NYSE American: EMAN) (“eMagin” or the “Company”), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, today announced that its stockholders voted to approve eMagin’s pending acquisition by Samsung Display Co., Ltd. (“Samsung Display”), a subsidiary of Samsung Electronics Co., Ltd. and manufacturer and distributor of display products, at eMagin’s special meeting of stockholders held earlier today.
  • The final voting results on the proposals voted on at the special meeting will be set forth in a Form 8-K filed by eMagin with the U.S. Securities and Exchange Commission, after certification by eMagin’s inspector of elections.
  • The transaction is currently expected to close in the second half of 2023, subject to customary closing conditions, including the receipt of regulatory approvals.
  • Upon completion of the transaction, eMagin common stock will no longer trade on the NYSE American, and eMagin will become a private company.

LifeVantage Adopts Limited Duration Stockholder Rights Plan

Retrieved on: 
Thursday, August 31, 2023

SALT LAKE CITY, Aug. 31, 2023 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq: LFVN) (“LifeVantage” or the “Company”), a leading health and wellness company with products designed to activate optimal health processes, today announced that its Board of Directors (the “Board”) has adopted a limited duration stockholder rights plan (the “Rights Plan”).

Key Points: 
  • SALT LAKE CITY, Aug. 31, 2023 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq: LFVN) (“LifeVantage” or the “Company”), a leading health and wellness company with products designed to activate optimal health processes, 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 LifeVantage and all LifeVantage stockholders and enable them to realize the full potential value of their investment in the Company.
  • The Board intends to submit the Rights Plan to stockholders for ratification at the Company’s upcoming Annual Meeting of Stockholders (the “Annual Meeting”) and to terminate the Rights Plan if the proposal to ratify the Rights Plan is not approved at that meeting.
  • If the Rights Plan is ratified at the Annual Meeting, it will expire no later than August 28, 2024, subject to the terms of the Rights Plan.

Bitop Exchange Serves All Your Investment Needs

Retrieved on: 
Thursday, August 24, 2023

Bitop Exchange is the leading digital financial service platform providing a secure, comfortable and equitable digital asset investment environment for users worldwide.

Key Points: 
  • Bitop Exchange is the leading digital financial service platform providing a secure, comfortable and equitable digital asset investment environment for users worldwide.
  • Bitop Exchange offers access to numerous investment products including cryptocurrencies, futures, U.S. stocks, and binary options.
  • The Bitop core team comprises experts from the traditional financial securities industry and the top internet companies such as Microsoft.
  • To learn more about Bitop and start your digital asset investment journey, visit our website now at www.bitop.com .

VNET Reports Unaudited Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 23, 2023

BEIJING, Aug. 23, 2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • BEIJING, Aug. 23, 2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Qiyu Wang, Chief Financial Officer of VNET, added, "In the second quarter of 2023, we remained focused on advancing high-quality revenue business to drive margin and profitability improvements.
  • Cabinets utilized by customers increased by 2,000 in the second quarter of 2023 to reach 51,316 as of June 30, 2023, compared to 49,316 as of March 31, 2023 and 44,500 as of June 30, 2022.
  • Retail IDC MRR[2] per cabinet increased to RMB9,530 in the second quarter of 2023, compared to RMB9,486 in the first quarter of 2023 and RMB9,186 in the second quarter of 2022.

AUTODESK, INC. ANNOUNCES FISCAL 2024 SECOND QUARTER RESULTS

Retrieved on: 
Wednesday, August 23, 2023

SAN FRANCISCO, Aug. 23, 2023 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the second quarter of fiscal 2024.

Key Points: 
  • The third quarter and full-year fiscal 2024 outlook assume a projected annual effective tax rate of 25 percent and 18 percent for GAAP and non-GAAP results, respectively.
  • Shifts in geographic profitability continue to impact the annual effective tax rate due to significant differences in tax rates in various jurisdictions.
  • Autodesk will host its second quarter conference call today at 5 p.m.
  • Net revenue retention rate is calculated by dividing the current quarter Recurring Revenue related to base customers by the total corresponding quarter Recurring Revenue from one year ago.

Snowflake Reports Financial Results for the Second Quarter of Fiscal 2024

Retrieved on: 
Wednesday, August 23, 2023

See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures.

Key Points: 
  • See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures.
  • We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP financial results included in this release.
  • Non-GAAP Product gross profit, Operating income (loss), Net income (loss), Net income (loss) attributable to Snowflake Inc., and Net income (loss) per share attributable to Snowflake Inc. common stockholders - basic and diluted.
  • We use these non-GAAP financial measures internally for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons.

EMCORE Announces Closing of $17.25 Million Public Offering

Retrieved on: 
Tuesday, August 22, 2023

The offering price to the public in the offering was $0.50 per share of common stock and $0.49999999 per pre-funded warrant, which represents the per share public offering price for the common stock less the $0.00000001 per share exercise price for each such pre-funded warrant.

Key Points: 
  • The offering price to the public in the offering was $0.50 per share of common stock and $0.49999999 per pre-funded warrant, which represents the per share public offering price for the common stock less the $0.00000001 per share exercise price for each such pre-funded warrant.
  • All of the shares and warrants in the offering were sold by EMCORE.
  • The gross proceeds to EMCORE from the offering, before deducting the underwriting discounts and commissions and other offering expenses, were $17.25 million.
  • The offering was made only by means of a written prospectus and prospectus supplement that form a part of the registration statement.