Capital Purchase Program

LOGISTEC Corporation enters into definitive agreement to be acquired by Blue Wolf Capital Partners

Retrieved on: 
Monday, October 16, 2023
Rothschild & Co, Investment, Senior, Partnership, Public expenditure, TSX, Acquisition, LLP, Model Business Corporation Act, Investissement Québec, Serco Marine Services, Ecosystem, Indian stock exchange, Employment, Toronto Stock Exchange, Blue Wolf Capital Partners, Willkie Farr & Gallagher, Ageing, Corporation, Water, Environment, Capital Purchase Program, Growth, Report of the Special Committee on the Termination of the National Emergency, Committee, Arrangement, Soil, Blue Wolf, Limited liability company, TD, Security (finance), Management, Interior design, Audit, Court

MONTREAL, Oct. 16, 2023 /PRNewswire/ - LOGISTEC Corporation (TSX: LGT.A) (TSX: LGT.B) ("LOGISTEC" or the "Corporation") today announced that it has entered into an arrangement agreement (the "Arrangement Agreement") with 1443373 B.C.

Key Points: 
  • MONTREAL, Oct. 16, 2023 /PRNewswire/ - LOGISTEC Corporation (TSX: LGT.A) (TSX: LGT.B) ("LOGISTEC" or the "Corporation") today announced that it has entered into an arrangement agreement (the "Arrangement Agreement") with 1443373 B.C.
  • We are excited to support the Corporation, in partnership with Blue Wolf, in its next chapter."
  • The Arrangement Agreement contains non-solicitation covenants on the part of the Corporation, subject to the customary "fiduciary out" provisions.
  • McCarthy Tétrault LLP and Willkie Farr & Gallagher LLP are acting as legal advisors to Blue Wolf.

ECN Capital and Skyline Champion Announce Closing of Skyline Champion’s C$185 Million Strategic Investment in ECN Capital and Establishment of New Captive Finance Company

Retrieved on: 
Tuesday, September 26, 2023
Treasury, Private, Convertible, Private placement, US, ECN, Indian stock exchange, Vulnerability and Risk Committee, TSX, Capital Purchase Program, ECN Capital, SKY, Credit, NYSE, Security (finance), Triad, TROY

Following closing of the Private Placement, Skyline Champion owns an approximately 19.9% indirect equity interest in ECN Capital (assuming the conversion of all Convertible Preferred Shares).

Key Points: 
  • Following closing of the Private Placement, Skyline Champion owns an approximately 19.9% indirect equity interest in ECN Capital (assuming the conversion of all Convertible Preferred Shares).
  • In connection with the Private Placement, ECN Capital and Skyline Champion have formed Champion Financing LLC, a captive finance company that is 51% owned by and affiliate of Skyline Champion and 49% owned by Triad (“Champion Financing”).
  • Immediately prior to the Private Placement, Skyline Champion did not beneficially own, or exercise control or direction over, any securities of ECN Capital.
  • Skyline Champion is acquiring the Common Shares and Convertible Preferred Shares for investment purposes and will continue to monitor the business, prospects, financial condition and potential capital requirements of ECN Capital.

NovaBay Pharmaceuticals Announces $3.0 Million Convertible Note Financing

Retrieved on: 
Thursday, April 27, 2023
General Health, Other Health, Health, Retail, Specialty, Exercise, Capital Purchase Program, Note, Debenture, NBY, Sale, Offering, Warrant, NYSE American, Security (finance), NYSE, NovaBay Pharmaceuticals

NovaBay® Pharmaceuticals, Inc. (NYSE American: NBY) (“NovaBay” or the “Company”) announced today that it has entered into a securities purchase agreement with institutional accredited investors (“Purchasers”) in connection with a private placement to issue secured senior convertible debentures (the “Debentures”) and two series of new warrants exercisable for NovaBay common stock (the “Warrants”).

Key Points: 
  • NovaBay® Pharmaceuticals, Inc. (NYSE American: NBY) (“NovaBay” or the “Company”) announced today that it has entered into a securities purchase agreement with institutional accredited investors (“Purchasers”) in connection with a private placement to issue secured senior convertible debentures (the “Debentures”) and two series of new warrants exercisable for NovaBay common stock (the “Warrants”).
  • NovaBay intends to use the net proceeds received from the offering for working capital and general corporate purposes.
  • In addition, NovaBay agreed to reduce the exercise price of existing warrants exercisable for an aggregate of 1,647,310 shares of common stock held by the investors in the financing to $1.50.
  • “I appreciate our investors who participated in this financing and who continue to believe in our vision.

Stronghold Digital Mining Announces $10 Million Private Placement to Fund Purchase of Bitcoin Miners

Retrieved on: 
Friday, April 21, 2023
Bitcoin, Capital Purchase Program, Sale, Private placement, Common stock, SDIG, Private, Security (finance)

Beard, in each case at a price of $1.00 per share equivalent (the “Private Placement”).

Key Points: 
  • Beard, in each case at a price of $1.00 per share equivalent (the “Private Placement”).
  • Gross proceeds from the Private Placement are expected to be $10 million, before deducting offering expenses, and are expected to be used to acquire additional Bitcoin miners.
  • The closing of the Private Placement is expected to occur on April 21, 2023.
  • In connection with the Private Placement, the Company entered into a registration rights agreement with the institutional investor relating to the resale of the securities purchased in the Private Placement.

Extension of Cash Tender Offer for Structured Products Corp. CorTS Trust for BellSouth Debentures, 7% Corporate-Backed Trust Securities (CorTS) Certificates, Ticker Symbol: KTBA at $19.00

Retrieved on: 
Monday, March 13, 2023
KTBA, Zero trust security model, Certificate, CUSIP, Bloomberg, Capital Purchase Program, Letter, Mini-tender offer, Tender offer, Capital, Security (finance), Letter of transmittal

NEW YORK, March 13, 2023 /PRNewswire/ -- 745 Capital LLC (the "Purchaser") previously announced a cash tender offer (the "Tender Offer") for any and all outstanding Structured Products Corp. CorTSSM Trust for BellSouth Debentures, 7.00% Corporate-Backed Trust Securities (CorTSSM) Certificates (CUSIP No.

Key Points: 
  • NEW YORK, March 13, 2023 /PRNewswire/ -- 745 Capital LLC (the "Purchaser") previously announced a cash tender offer (the "Tender Offer") for any and all outstanding Structured Products Corp. CorTSSM Trust for BellSouth Debentures, 7.00% Corporate-Backed Trust Securities (CorTSSM) Certificates (CUSIP No.
  • 22080E205) (OTCMKTS symbol KTBA) (Bloomberg symbol KTBA ) (the "Certificates") pursuant to the Purchaser's Offer to Purchase dated January 30, 2023 (the "Offer to Purchase") and related Letter of Transmittal (the "Letter of Transmittal").
  • The Tender Offer otherwise remains subject to the conditions in the Offer to Purchase, as amended, and Letter of Transmittal.
  • Provided that the conditions to the Tender Offer have been satisfied or waived, payment for the Certificates purchased in the Tender Offer will now be made on or about April 13, 2023.

PagoNxt Announces Approval of Squeeze-Out by Getnet of Unaffiliated Holders of Securities and the Expiration of the U.S. Subsequent Offering Period and the Brazilian Subsequent Offering Period

Retrieved on: 
Friday, February 10, 2023
Meron Getnet, State, Indian stock exchange, Security, SELIC, EGM, Security (finance), Bank, Banco Santander, Schedule, Bookkeeping, BNY Mellon, Sister republic, Sistema de Pagamentos em Moeda Local, Offers, B3, Unit, Share (finance), Capital Purchase Program

Following the conclusion of the EGM and pursuant to Brazilian law, the subsequent offering period of the Brazilian Offer (the "Brazilian Subsequent Offering Period") automatically expired as scheduled.

Key Points: 
  • Following the conclusion of the EGM and pursuant to Brazilian law, the subsequent offering period of the Brazilian Offer (the "Brazilian Subsequent Offering Period") automatically expired as scheduled.
  • Subsequent Offering Period for which payment has not already been made pursuant to the terms of the U.S.
  • In addition, Getnet filed a solicitation/recommendation statement on Schedule 14D-9 with respect to the tender offers on November 14, 2022.
  • Investors and security holders may also obtain free copies of the solicitation/recommendation statement and other documents filed with the SEC by Getnet at ri.getnet.com.br/en/.

Contango ORE, Inc. Announces Private Placement of Common Stock

Retrieved on: 
Thursday, January 19, 2023
Mining, Minerals, Natural Resources, Peak gold, Security (finance), Private, Kinross Gold, The Lucky Shot, Common stock, Warrant, Lucky, NYSE, Technical report, Capital Purchase Program, Contango, Private placement, Sale, Camp, Gold, Exercise

Contango ORE, Inc. (“CORE” or the “Company”) (NYSE American: CTGO) announced today the issuance and sale of an aggregate of 117,500 shares for $20.00 per share (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), and warrants (the “Warrants”) entitling each purchaser to purchase shares of Common Stock for $25.00 per share (the “Warrant Shares” and together with the Common Stock and the Warrants, the “Securities”), in a private placement (the “Private Placement”) pursuant to Subscription Agreements, (the “Subscription Agreements”) dated as of January 19, 2023 between the Company and certain accredited investors (the “Purchasers”).

Key Points: 
  • Contango ORE, Inc. (“CORE” or the “Company”) (NYSE American: CTGO) announced today the issuance and sale of an aggregate of 117,500 shares for $20.00 per share (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), and warrants (the “Warrants”) entitling each purchaser to purchase shares of Common Stock for $25.00 per share (the “Warrant Shares” and together with the Common Stock and the Warrants, the “Securities”), in a private placement (the “Private Placement”) pursuant to Subscription Agreements, (the “Subscription Agreements”) dated as of January 19, 2023 between the Company and certain accredited investors (the “Purchasers”).
  • The Company will use the net proceeds from the Private Placement to fund its exploration and development program and for general corporate purposes.
  • The Securities sold were not registered under the Securities Act of 1933, as amended, but the Common Stock issued in the offering and the shares of Common Stock issued upon exercise of the Warrants are subject to a Registration Rights Agreement allowing the shares to be registered by the holders at a future date.
  • Petrie Partners Securities, LLC acted as sole placement agent on a portion of the transaction.

Saratoga Investment Corp. Announces Fiscal Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, January 10, 2023
EPS, Tax, Total, Capital Purchase Program, NAV, Growth, Amortization (business), Sale, JV, Environment, Clos, III, Supplement, Ladenburg Thalmann, AUM, Agent, ATM, NYSE, SBA, Quarter, Webcast, Note, Share repurchase, Depreciation, Libor, DRIP, IRR, Investment, NII, Small business, EBITDA, Financial result, Small Business Administration, BDC, SBIC, CLO, Bank, Renewable energy, Holding company, Life insurance, Security (finance), Quercus ilex

Since Saratoga Investment took over the management of the BDC, $879 million of repayments and sales of investments originated by Saratoga Investment have generated a gross unlevered IRR of 16.4%.

Key Points: 
  • Since Saratoga Investment took over the management of the BDC, $879 million of repayments and sales of investments originated by Saratoga Investment have generated a gross unlevered IRR of 16.4%.
  • For the quarter ended November 30, 2022, total investment income of $26.3 million increased by $9.8 million, or 59.1%, when compared to $16.5 million for the quarter ended November 30, 2021.
  • Net investment income on a weighted average per share basis was $0.83 for the quarter ended November 30, 2022.
  • The Company previously declared in fiscal 2023 a quarterly dividend of $0.54 per share for the quarter ended August, 31, 2022 and $0.53 per share for the quarter ended May 31, 2022.

Contango ORE, Inc. Announces Private Placement of Common Stock and Year-End Update

Retrieved on: 
Friday, December 23, 2022
Professional Services, Mining, Minerals, Other Construction & Property, Finance, Natural Resources, Construction & Property, Technical report, Private, Common stock, Toll, Lucky, Fort Knox, Contango, Warrant, Private placement, Peak gold, Security (finance), Kinross Gold, The Lucky Shot, Camp, Gold, Capital Purchase Program, NYSE, AISC, Exercise, Sale

The Subscription Agreements include customary representations, warranties, and covenants by the Purchasers and the Company.

Key Points: 
  • The Subscription Agreements include customary representations, warranties, and covenants by the Purchasers and the Company.
  • The Company will use the net proceeds from the Private Placement to fund its exploration and development program and for general corporate purposes.
  • Petrie Partners Securities, LLC acted as sole placement agent on a portion of the transaction.
  • We look forward to continuing to update our shareholders and investors on our progress at both our Manh Choh and Lucky Shot projects.

The Pershing Square Funds Announce the Final Results of Their Tender Offer for Common Shares of The Howard Hughes Corporation

Retrieved on: 
Thursday, December 1, 2022
Asset Management, Professional Services, Finance, Midnight, PS, Pershing Square Capital Management, Howard Hughes Corporation, Pershing Square, HHC, Indian stock exchange, NYSE, Capital Purchase Program, Financial adviser

Pershing Square Capital Management, L.P. (PSCM) today announced the final results of the cash tender offer (the Offer) by Pershing Square, L.P. (PS), Pershing Square International, Ltd. (PS International) and Pershing Square Holdings, Ltd. (PSH and together with PS and PS International, the Purchasers) to purchase up to an aggregate of 6,340,000 shares of common stock (each, a Common Share) of The Howard Hughes Corporation (NYSE: HHC), which expired at 12:00 Midnight, New York City time, at the end of November 28, 2022.

Key Points: 
  • Pershing Square Capital Management, L.P. (PSCM) today announced the final results of the cash tender offer (the Offer) by Pershing Square, L.P. (PS), Pershing Square International, Ltd. (PS International) and Pershing Square Holdings, Ltd. (PSH and together with PS and PS International, the Purchasers) to purchase up to an aggregate of 6,340,000 shares of common stock (each, a Common Share) of The Howard Hughes Corporation (NYSE: HHC), which expired at 12:00 Midnight, New York City time, at the end of November 28, 2022.
  • The Purchasers have accepted for payment, at a purchase price of $70.00 per Common Share, and will promptly pay for, all 1,559,205 Common Shares that were validly tendered and not validly withdrawn pursuant to the Offer.
  • After giving effect to this transaction, PSCM and its affiliates beneficially own approximately 30.4% of the Common Shares outstanding as of October 26, 2022.
  • About Pershing Square Capital Management, L.P.
    Pershing Square Capital Management, L.P., based in New York City, is a SEC-registered investment advisor to investment funds.