The Act

Euro Manganese Welcomes the European Union’s Final Approval of the Critical Raw Materials Act

Retrieved on: 
Sunday, March 24, 2024

The Council of the European Union has given final approval to the Critical Raw Materials Act.

Key Points: 
  • The Council of the European Union has given final approval to the Critical Raw Materials Act.
  • A statement from the Council outlined this approval as the final stage in the process of formally implementing the Act.
  • High-purity manganese (battery grade) listed as a strategic raw material, and manganese listed as a critical raw material.
  • Dr. Matthew James, President & CEO of Euro Manganese, commented:
    “We are pleased to see the EU’s approval of the Critical Raw Materials Act and view this as a key milestone towards securing access to critical raw materials to support the energy transition.

Xerox Holdings Corporation Announces Full Exercise of Over-Allotment Option for its 3.75% Convertible Senior Notes due 2029, and Completion of Series of Financing Transactions

Retrieved on: 
Monday, March 25, 2024

Xerox Holdings Corporation (NASDAQ: XRX) (the “Company”) today announced the full exercise of the over-allotment option for its offering of 3.75% Convertible Senior Notes due 2030 (the “Convertible Notes”), raising an additional $50,000,000 and bringing the total gross proceeds from the Convertible Notes offering to $400,000,000.

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) (the “Company”) today announced the full exercise of the over-allotment option for its offering of 3.75% Convertible Senior Notes due 2030 (the “Convertible Notes”), raising an additional $50,000,000 and bringing the total gross proceeds from the Convertible Notes offering to $400,000,000.
  • “The recently completed note offerings and repurchase of our 2024 and 2025 Notes greatly enhance the Company’s financial flexibility as we execute Xerox’s Reinvention and invest in our growing Digital and IT businesses,” said Xavier Heiss, Chief Financial Officer of Xerox Holdings Corporation.
  • In addition, this press release shall not constitute an offer to purchase or a solicitation of an offer to purchase the 2024 Notes or the 2025 Notes.
  • Any tender offer will be made solely pursuant to an offer to purchase to the holders of the 2024 Notes and the 2025 Notes.

KBRA Assigns AA Rating to the State of Florida State Board of Administration Finance Corporation Revenue Bonds, Series 2024A; Outlook is Stable

Retrieved on: 
Friday, March 22, 2024

KBRA has assigned a long-term rating of AA with a Stable Outlook to the State of Florida State Board of Administration Finance Corporation Revenue Bonds, Series 2024A.

Key Points: 
  • KBRA has assigned a long-term rating of AA with a Stable Outlook to the State of Florida State Board of Administration Finance Corporation Revenue Bonds, Series 2024A.
  • The rating reflects the Florida Hurricane Catastrophe Fund’s (“FHCF’s”) strong debt repayment capabilities, which derive from its ability to levy assessments on almost all property and casualty insurance policies statewide.
  • FHCF’s strong governance ties and the oversight provided by the State Board of Administration are credit strengths.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

Xerox Holdings Corporation Announces Closing of Senior Notes Offering

Retrieved on: 
Wednesday, March 20, 2024

The Company intends to use the net proceeds from this offering, together with the net proceeds from the Company’s previously announced offering of its 3.750% Convertible Senior Notes due 2030, (i) to refinance all of its outstanding 3.800% Senior Notes due 2024 (“2024 Notes”) and $362,000,000 of its 5.000% Senior Notes due 2025 (“2025 Notes”), (ii) to repay, repurchase or redeem a portion of its other outstanding indebtedness and (iii) to pay related fees and expenses.

Key Points: 
  • The Company intends to use the net proceeds from this offering, together with the net proceeds from the Company’s previously announced offering of its 3.750% Convertible Senior Notes due 2030, (i) to refinance all of its outstanding 3.800% Senior Notes due 2024 (“2024 Notes”) and $362,000,000 of its 5.000% Senior Notes due 2025 (“2025 Notes”), (ii) to repay, repurchase or redeem a portion of its other outstanding indebtedness and (iii) to pay related fees and expenses.
  • The Notes and the related guarantees are senior, unsecured obligations of the Company, and interest is payable semi-annually in arrears.
  • In addition, this press release shall not constitute an offer to purchase or a solicitation of an offer to purchase the 2024 Notes or the 2025 Notes.
  • Any tender offer will be made solely pursuant to an offer to purchase to the holders of the 2024 Notes and the 2025 Notes.

Xerox Holdings Corporation Announces Closing of Convertible Notes Offering

Retrieved on: 
Monday, March 11, 2024

Xerox Holdings Corporation (NASDAQ: XRX) (the “Company” or “Xerox”) announced today the closing of its $350,000,000 aggregate principal amount of 3.75% Convertible Senior Notes due 2030 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”).

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) (the “Company” or “Xerox”) announced today the closing of its $350,000,000 aggregate principal amount of 3.75% Convertible Senior Notes due 2030 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”).
  • The Company also granted the initial purchasers of the Notes a 13-day option to purchase up to $50,000,000 aggregate principal amount of additional notes.
  • The Notes and the related guarantees are senior, unsecured obligations of the Company, and interest is payable semi-annually in arrears.
  • Any tender offer will be made solely pursuant to an offer to purchase to the holders of the 2024 Notes and the 2025 Notes.

Xanadu Mines Ltd (ASX Code: XAM) Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Retrieved on: 
Wednesday, March 6, 2024

Xanadu Mines advises that on 4 March 2024, it issued 15,185,328 fully paid ordinary shares at a price of $0.055 per share, to Jinping (Singapore) Mining Pte Ltd (a wholly owned indirect subsidiary of Zijin Group Mining Co. Ltd) pursuant to a Share subscription agreement signed on 8 December 2023 (New Shares).

Key Points: 
  • Xanadu Mines advises that on 4 March 2024, it issued 15,185,328 fully paid ordinary shares at a price of $0.055 per share, to Jinping (Singapore) Mining Pte Ltd (a wholly owned indirect subsidiary of Zijin Group Mining Co. Ltd) pursuant to a Share subscription agreement signed on 8 December 2023 (New Shares).
  • the New Shares were issued without disclosure under Part 6D.2 of the Act;
    this notice is being given under section 708A(5)(e) of the Act;
    as at the date of this notice, Xanadu Mines has complied with:
    the provisions of Chapter 2M of the Act as they apply to Xanadu Mines; and
    sections 674 and 674A of the Act as they apply to Xanadu Mines; and
    as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) or 708A(8) of the Act that is required to be set out in this notice.
  • The Company intends to rely on the exemption in section 602.1 of the TSX Company Manual in respect of the Placement as an Eligible Interlisted Issuer.

High school CPR trained students saving lives across Canada

Retrieved on: 
Tuesday, February 27, 2024

Madeleine was trained through the ACT High School CPR and AED Program, which has seen over 5 million students trained by their teachers to date.

Key Points: 
  • Madeleine was trained through the ACT High School CPR and AED Program, which has seen over 5 million students trained by their teachers to date.
  • “In celebration of Heart Month, the Advanced Coronary Treatment (ACT) Foundation recognizes students and teachers who have learned lifesaving knowledge and skills through the ACT High School CPR and AED Program,” says Sandra Clarke, Executive Director, ACT Foundation.
  • The ACT Foundation has established the free program in 1,800 high schools across Canada with the support of its national health partners, Amgen Canada and AstraZeneca Canada, and provincial and community partners.
  • Like Madeleine, students across Canada are ready to act and many are saving lives.

INNOVATE Corp. Announces Rights Offering for Common Stock

Retrieved on: 
Monday, February 26, 2024

INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.

Key Points: 
  • INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.
  • The Company will distribute to each holder of the Company’s common stock as of March 6, 2024 (the “rights offering record date”), one transferable subscription right to purchase shares of the Company’s common stock at a price to be determined prior to commencement of the rights offering.
  • Holders of the Company’s existing preferred stock and convertible notes that are entitled to participate in dividend distributions to holders of the Company’s common stock will also be entitled to participate in the rights offering.
  • The Preferred Stock terms will include a liquidation preference junior to the Company’s existing preferred stock and equal to the Company’s common stock (other than a preference of $0.001 per share of Preferred Stock that will be paid to the holders of the Preferred Stock before any payment or distribution is made to the holders of the common stock).

Closing of Fundraising, Admission, and VCP Awards

Retrieved on: 
Friday, February 23, 2024

No public offering of securities is being made in the United States, Iceland, Australia, Canada, South Africa, Japan or elsewhere.

Key Points: 
  • No public offering of securities is being made in the United States, Iceland, Australia, Canada, South Africa, Japan or elsewhere.
  • Persons receiving this Announcement are required to inform themselves about and to observe any restrictions contained in this Announcement.
  • Persons distributing any part of this Announcement must satisfy themselves that it is lawful to do so.
  • The forward-looking statements contained in this Announcement speak only as at the date of this Announcement.

Xerox Holdings Corporation Announces Pricing of Upsized Convertible Notes Offering

Retrieved on: 
Thursday, March 7, 2024

Xerox Holdings Corporation (NASDAQ: XRX) (the “Company” or “Xerox”) announced today the pricing of $350,000,000 aggregate principal amount of 3.75% Convertible Senior Notes due 2030 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”).

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) (the “Company” or “Xerox”) announced today the pricing of $350,000,000 aggregate principal amount of 3.75% Convertible Senior Notes due 2030 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”).
  • The size of the offering was increased by $50 million subsequent to the initial announcement of the offering.
  • The Company also granted the initial purchasers of the Notes a 13-day option to purchase up to $50,000,000 aggregate principal amount of additional notes.
  • Any tender offer will be made solely pursuant to an offer to purchase to the holders of the 2024 Notes and the 2025 Notes.