Dissolution

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

Retrieved on: 
Thursday, March 28, 2024
Banking, Energy, Professional Services, Oil, Gas, Letter, Net, Face, Panel, Sale, Transport, Bank statement, Special, Business analyst, Trustee, Marketing, Barrel (unit), Prejudice, Federal district, Accounting Standards Codification, Calendar, Hand, State, Phillips 66, Internet, Conveyance, Security (finance), Moss Adams, Annual report, County, ARO, Retirement, Consultant, Dissolution, Connection, COVID-19, Bank, Motion, United States district court, Evergreen, Superior court, Report, Court, Hearing, Life insurance

The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.

Key Points: 
  • The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.
  • 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.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.

Onset Announces New, Customizable Multiparameter Water Quality Bluetooth Data Loggers

Retrieved on: 
Wednesday, March 20, 2024
Temperature, TDS, Hydrology, Calibration, CTD, Electrode, Dissolution, Microsoft Windows, Salinity, Water quality, Water, Oxygen, Data management, Bluetooth, Satellite navigation device

BOURNE, Mass., March 20, 2024 /PRNewswire/ -- Onset, a leading manufacturer known for reliable data loggers, is proud to announce the launch of its new, highly versatile water quality monitoring solution: HOBO MX800 Series Bluetooth Data Loggers.

Key Points: 
  • A comprehensive solution featuring interchangeable sensors for measuring water level, conductivity, temperature, and dissolved oxygen
    BOURNE, Mass., March 20, 2024 /PRNewswire/ -- Onset, a leading manufacturer known for reliable data loggers, is proud to announce the launch of its new, highly versatile water quality monitoring solution: HOBO MX800 Series Bluetooth Data Loggers.
  • "We're thrilled to introduce this water monitoring game-changer, a multiparameter data logger for measuring DO and CTD!"
  • A customizable modular platform, HOBO MX800 loggers seamlessly integrate with interchangeable sensors that measure water conductivity, temperature, depth, and dissolved oxygen.
  • These new HOBO loggers track the most important water parameters, users can easily configure them to match their deployment requirements, and built-in Bluetooth makes data offload especially easy.

Merrimack Reports Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024
Biotechnology, Pharmaceutical, Health, Oncology, Investment, FDA, Food, Sale, Irinotecan, Dissolution, Oxaliplatin, Pancreas, Medication

Merrimack Pharmaceuticals, Inc. (Nasdaq: MACK) (“Merrimack” or the “Company”) today announced its full year 2023 financial results for the period ended December 31, 2023.

Key Points: 
  • Merrimack Pharmaceuticals, Inc. (Nasdaq: MACK) (“Merrimack” or the “Company”) today announced its full year 2023 financial results for the period ended December 31, 2023.
  • “This approval triggers a $225 million payment which is due from Ipsen to Merrimack before the end of March.
  • As of December 31, 2023, Merrimack had cash, cash equivalents and short-term investments of $18.9 million, compared to $19.4 million as of December 31, 2022.
  • As of December 31, 2023, Merrimack had 14.4 million shares of common stock outstanding.

Cyteir Announces Timeline for Voluntarily Delisting from Nasdaq

Retrieved on: 
Thursday, March 7, 2024
Biotechnology, Pharmaceutical, Health, Common stock, Dissolution, Therapy, Security (finance), State

Cyteir Therapeutics, Inc. (“Cyteir”) (Nasdaq: CYT) today announced that it has formally notified The Nasdaq Stock Market (“Nasdaq”) of its intent to delist the Company’s common stock from the Nasdaq Global Select Market.

Key Points: 
  • Cyteir Therapeutics, Inc. (“Cyteir”) (Nasdaq: CYT) today announced that it has formally notified The Nasdaq Stock Market (“Nasdaq”) of its intent to delist the Company’s common stock from the Nasdaq Global Select Market.
  • Cyteir does not expect that a trading market will develop for its common stock following suspension of trading on Nasdaq.
  • The official delisting of Cyteir’s common stock will be effective on or about March 28, 2024, ten days after the filing of the Form 25.
  • Cyteir also intends to file a Form 15 with the SEC as soon as practicable following the effectiveness of the delisting to indefinitely suspend its reporting obligations under the Securities Exchange Act of 1934, as amended.

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

Retrieved on: 
Thursday, February 29, 2024
Banking, Energy, Professional Services, Oil, Gas, Hearing, Report, Net, Accounting Standards Codification, Sale, Phillips 66, Consultant, Federal district, Bank statement, Barrel (unit), ARO, Special, Moss Adams, Marketing, Bank, Transport, Connection, Prejudice, Trustee, Dissolution, United States district court, Security (finance), Conveyance, State, Panel, Court, Retirement, Calendar, Face, County, Business analyst, Annual report, Evergreen, Letter, COVID-19, Hand, Motion, Internet, Superior court, Life insurance

The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.

Key Points: 
  • The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.
  • 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.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.

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

Retrieved on: 
Friday, January 26, 2024
Oil, Gas, Energy, Conveyance, Hand, Report, Consultant, Face, Barrel (unit), County, Sale, Court, COVID-19, ARO, Calendar, Letter, Retirement, Accounting Standards Codification, Trustee, Federal district, Internet, Special, State, Moss Adams, Net, Transport, Marketing, Hearing, Phillips 66, Panel, Bank statement, Prejudice, Motion, Security (finance), Business analyst, Connection, Annual report, United States district court, Bank, Superior court, Evergreen, Dissolution, Life insurance

The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.

Key Points: 
  • The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.
  • 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.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.

Shareholders approve the sale of Evolva AG to Lallemand Inc. Swiss subsidiary at extraordinary general meeting

Retrieved on: 
Saturday, December 30, 2023
Marketing, EGM, Sale, SIX Swiss Exchange, Person, Approval, Amendment, Beat, Bacteria, Dissolution, Holding company

Shareholders approve the sale of Evolva AG to Lallemand Inc. Swiss subsidiary at extraordinary general meeting

Key Points: 
  • Shareholders approve the sale of Evolva AG to Lallemand Inc. Swiss subsidiary at extraordinary general meeting
    Shareholders approve the sale of Evolva AG to Lallemand Inc. Swiss subsidiary at extraordinary general meeting
    Reinach, 21 December 2023 — The shareholders of Evolva Holding SA (SIX: EVE), a pioneer in the field of natural molecules and industrial biotech, approved all the proposals put forward by the Board of Directors at today’s extraordinary general meeting (EGM).
  • The shareholders approved with large majorities (see details below) all proposals put forward by the Board of Directors: In particular, the sale by Evolva Holding SA of Evolva AG to Danstar Ferment AG, a Swiss affiliate of Lallemand Inc., was approved which secures the future of Evolva’s operations.
  • We would like to thank the Evolva shareholders for their support in securing the future of Evolva AG’s operations.”
    The convocation of an EGM became necessary after Evolva Holding SA signed, on 20 November 2023, a share purchase agreement with Danstar Ferment AG regarding the sale of all shares in Evolva Holding SA’s wholly owned subsidiary Evolva AG.
  • Agenda item 5 (Delisting of Evolva Holding SA from SIX Swiss Exchange): with 91.10% of the votes represented (votes represented: 3,052,011 votes of the total outstanding shares/votes of 6,827,012).

EVERCEL Announces Plans to Implement Liquidating Trust

Retrieved on: 
Wednesday, December 27, 2023
Trust, Calendar, Dissolution

NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Evercel, Inc. (the “Company”) announced today that, following its initial liquidating distribution to the stockholders of the Company in April of 2023, no additional liquidating distributions would be made to the stockholders of the Company in calendar year 2023.

Key Points: 
  • NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Evercel, Inc. (the “Company”) announced today that, following its initial liquidating distribution to the stockholders of the Company in April of 2023, no additional liquidating distributions would be made to the stockholders of the Company in calendar year 2023.
  • In calendar year 2024, the Company plans to pursue the implementation of a liquidating trust for additional liquidating distributions to the stockholders of the Company in accordance with the Plan of Liquidation and Dissolution approved and adopted by the stockholders of the Company on March 30, 2023.
  • Stockholders of the Company should work with their individual tax advisors to determine the most appropriate filing approach for the Company’s initial liquidating distribution and any additional liquidating distributions from the Trust in calendar year 2024, details of which will follow this Press Release.
  • All statements other than statements of historical facts contained in this press release are forward-looking statements.

Thunder Bridge Capital Partners III, Inc. Announces its Intention to Liquidate

Retrieved on: 
Thursday, December 7, 2023
Transfer, Tax, Partner, Business analyst, Liquidation, Acquisition, Finance Secretary (India), Accounting, Trust, Redemption, IPO, Commission, Dissolution, Security (finance)

There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.

Key Points: 
  • There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.
  • All other costs and expenses associated with implementing the Dissolution will be funded from proceeds held outside of the Trust Account.
  • Beneficial owners of Public Shares held in “street name,” however, will not need to take any action in order to receive the Redemption Amount.
  • The Redemption Amount is expected to be paid out within ten business days of December 11, 2023.

FinServ Acquisition Corp. II Announces its Intention to Liquidate

Retrieved on: 
Tuesday, November 28, 2023
Tax, Public, Business analyst, Liquidation, Acquisition, Finance Secretary (India), Accounting, Trust, Redemption, IPO, Commission, Dissolution, Security (finance)

New York, New York, Nov. 28, 2023 (GLOBE NEWSWIRE) -- FinServ Acquisition Corp. II (“FinServ II”) (Nasdaq: FSRX) announced today that the board of directors of FinServ II (the “Board”) determined FinServ II cannot complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”) by February 22, 2024, the deadline by which FinServ II has to consummate such Business Combination under its Amended and Restated Certificate of Incorporation.

Key Points: 
  • New York, New York, Nov. 28, 2023 (GLOBE NEWSWIRE) -- FinServ Acquisition Corp. II (“FinServ II”) (Nasdaq: FSRX) announced today that the board of directors of FinServ II (the “Board”) determined FinServ II cannot complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”) by February 22, 2024, the deadline by which FinServ II has to consummate such Business Combination under its Amended and Restated Certificate of Incorporation.
  • There will be no redemption rights or liquidating distributions with respect to FinServ II’s warrants, which will expire worthless.
  • FinServ Holdings II, LLC, FinServ II’s sponsor, has agreed to waive its redemption rights with respect to the shares of FinServ II’s Class B common stock issued prior to the IPO, including shares of FinServ II’s Class A common stock issued upon conversion of such Class B common stock.
  • FinServ II thereafter intends to file a Form 15 with the Commission to suspend its reporting obligations under Sections 13 and 15(d) of the Exchange Act.