PIK

Mondee Reports Preliminary Unaudited Q4 & FY 2023 Results

Retrieved on: 
Thursday, March 14, 2024
Travel, Artificial intelligence, Acquisition, AI, Adjustment, Investment, Geography, LBF, PIK, Pharmaceutical industry

AUSTIN, Texas, March 14, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, today announced preliminary unaudited financial results for the three-month period and full-year ended December 31, 2023.

Key Points: 
  • “Mondee is pleased to report record net revenues and Adjusted EBITDA in Q4 and full year 2023 ("FY 23"), exceeding guidance.
  • “Mondee's record financial performance continues, with gross bookings increasing by 24% in Q4 2023.
  • FY 23 net revenue of $222.3 million grew 39% compared to FY 22 and exceeded guidance of $217 million.
  • FY 23 operating cash flow was $(24.0) million versus FY 22's $(10.6) million.

KIDPIK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Kidpik Corp. - PIK

Retrieved on: 
Friday, April 5, 2024
Class Action Lawsuit, Professional Services, Legal, KSF, Sale, PIK

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Kidpik Corp. (the “Company”) (NasdaqCM: PIK) and Nina Footwear Corp.

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Kidpik Corp. (the “Company”) (NasdaqCM: PIK) and Nina Footwear Corp.
  • Upon completion of the proposed transaction, Nina’s stockholders will own 80% of Kidpik’s outstanding common stock.
  • KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

PIK Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Kidpik Corp. Is Fair to Shareholders

Retrieved on: 
Tuesday, April 2, 2024
Class Action Lawsuit, Professional Services, Legal, Advertising, PIK, Fraud

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Kidpik Corp. (NASDAQ: PIK) and Nina Footwear Corp. is fair to Kidpik shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Kidpik Corp. (NASDAQ: PIK) and Nina Footwear Corp. is fair to Kidpik shareholders.
  • Upon closing of the proposed transaction, Nina’s stockholders will own 80% of Kidpik’s outstanding common stock.
  • On behalf of Kidpik shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Kidpik and Nina Footwear Announce Entry Into Definitive Merger Agreement

Retrieved on: 
Monday, April 1, 2024
Retail, Footwear, Online Retail, Fashion, Growth, NOL, Shoe, PIK, Dogcart, Mining

Kidpik Corp. (NASDAQ: PIK) (“Kidpik”), a kids’ online clothing subscription-based e-commerce company, and Nina Footwear Corp., a private company operating a brand specializing in women’s and kids’ dress shoes and accessories for special occasions (“Nina Footwear”), today announced that they have entered into a definitive merger agreement.

Key Points: 
  • Kidpik Corp. (NASDAQ: PIK) (“Kidpik”), a kids’ online clothing subscription-based e-commerce company, and Nina Footwear Corp., a private company operating a brand specializing in women’s and kids’ dress shoes and accessories for special occasions (“Nina Footwear”), today announced that they have entered into a definitive merger agreement.
  • In connection with the merger, Nina Footwear stockholders will be issued shares of common stock of Kidpik such that upon closing thereof, Nina Footwear’s stockholders will own 80% of Kidpik’s outstanding common stock.
  • Kidpik is controlled by Mr. Ezra Dabah, the Chief Executive Officer, Chairman, and majority stockholder (67% beneficial owner) of Kidpik, who is also the Chief Executive Officer of Nina Footwear.
  • Mr. Dabah and his children own approximately 79.3% of Nina Footwear, and Mr. Dabah and his extended family own 100% of Nina Footwear.

KBRA Releases Research – Fourth-Quarter 2023 Business Development Company (BDC) Ratings Compendium

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Insurance, Finance, CLO, Pressure, SPV, Environment, FV, PIK, KBRA, BDC, Compendium, NII, Quarter, Growth, Federal, Bank

KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended December 31, 2023, and offers a review of perpetual continuously offered non-traded BDCs as well as recent industry developments.

Key Points: 
  • KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended December 31, 2023, and offers a review of perpetual continuously offered non-traded BDCs as well as recent industry developments.
  • The performance of KBRA-rated BDCs remained stable in 4Q23 with solid credit metrics, including comfortable liquidity considering near-term maturities, low non-accruals, and appropriate leverage overall.
  • KBRA will be monitoring BDC’s non-accrual rates and other signs of portfolio stress, as most underlying borrowers only began to experience the full impact of rate hikes in late 2023.
  • Growth was targeted toward perpetual-life BDCs that raised mostly retail capital and newly formed BDCs that raised significant institutional capital in 2023.

Li-Cycle Closes $75 Million Strategic Investment from Glencore

Retrieved on: 
Monday, March 25, 2024
Natural Resources, Batteries, Environment, Alternative Energy, Energy, Technology, Green Technology, Mining, Minerals, Form 8-K, Partnership, Form, Indian stock exchange, Nickel, LON, Note, Cobalt, PIK, Security (finance)

Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to close the $75 million investment from Glencore, which enhances our liquidity position and is a key interim step in our funding strategy.

Key Points: 
  • Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to close the $75 million investment from Glencore, which enhances our liquidity position and is a key interim step in our funding strategy.
  • As we continue our comprehensive review process, we look forward to expanding our existing long-term, strategic partnership with Glencore and are excited about the future opportunities for Li-Cycle.
  • We remain focused on our key priorities of driving down costs through our cash preservation plan, reviewing our go-forward strategy for the paused Rochester Hub, and evaluating additional financing and strategic alternatives.
  • The aggregate amount outstanding under the Existing Glencore Notes is currently approximately $225 million.

KIDPIK Regains Compliance with the Nasdaq Minimum Bid Price Requirement

Retrieved on: 
Monday, March 25, 2024
Children, Technology, Electronic Commerce, Online Retail, Consumer, Fashion, Retail, Other Technology, Clothing, Parent, PIK, Auction

Kidpik Corp. (NASDAQ: PIK) ("kidpik” or the "Company"), an online clothing subscription-based e-commerce company, today announced that the Company received written notification from the Listing Qualification Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that is has regained full compliance with the Minimum Bid Price Requirement.

Key Points: 
  • Kidpik Corp. (NASDAQ: PIK) ("kidpik” or the "Company"), an online clothing subscription-based e-commerce company, today announced that the Company received written notification from the Listing Qualification Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that is has regained full compliance with the Minimum Bid Price Requirement.
  • Effective March 7, 2024, the Company affected a 1-for-5 reverse stock split of our outstanding stock in an effort to satisfy the Minimum Bid Price Requirement; as a result Nasdaq has determined that for 10 consecutive days the closing bid price of the Company’s common stock was at or above $1.00 per share, and that the matter is now closed.
  • Founded in 2016, KIDPIK (NASDAQ: PIK ) is an online clothing subscription box for kids, offering mix-&-match, expertly styled outfits that are curated based on each member's style preferences.
  • KIDPIK delivers a surprise box monthly or seasonally, providing an effortless shopping experience for parents and a fun discovery for kids.

Li-Cycle Provides Business Update, Following Announcement of $75 Million Investment from Glencore

Retrieved on: 
Monday, March 18, 2024
Natural Resources, Batteries, Environment, Alternative Energy, Energy, Technology, Green Technology, Mining, Minerals, EV, Manganese, Recycling, Committee, Partnership, Form, Webcast, PIK, Sale, Nickel, CPP, LON, Lithium carbonate, Engineering, Lithium, Spoke, Workforce, CTC, DOE, Cobalt, MHP

We also continue to work closely with the DOE on the conditional commitment for a loan of up to $375 million.

Key Points: 
  • We also continue to work closely with the DOE on the conditional commitment for a loan of up to $375 million.
  • This demonstrates Glencore’s continued endorsement of Li-Cycle’s Spoke & Hub model, patented recycling technology, and development plans for the Rochester Hub.
  • Glencore’s $75 million investment represents an interim step in Li-Cycle’s funding strategy to support the Company’s future plans.
  • The Glencore $75 million investment is expected to close on or about March 25, 2024, subject to customary closing conditions.

Li-Cycle Announces $75 Million Strategic Investment from Glencore

Retrieved on: 
Tuesday, March 12, 2024
Other Manufacturing, Environment, Technology, Sustainability, Alternative Energy, Manufacturing, Green Technology, Energy, Batteries, Recycling, Exercise, Convertible, Sale, Bank statement, Investment, Marketing, Transaction, PIK, Audit committee, Committee, Partnership, Minority, LON, VWAP, Multilateral, Person, GC, Date, Annual report, 8-K, Hub, Nickel, Ontario Securities Commission, Cobalt, Redemption, Security (finance)

Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process.

Key Points: 
  • Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process.
  • The SC engaged Moelis & Company LLC, a leading global investment bank (“Moelis”), as its financial advisor and placement agent.
  • As part of the partnership, Glencore previously made a $200 million investment in Li-Cycle in June 2022 through the purchase of a convertible note (the “Existing Note”).
  • The Glencore investment will result in Glencore purchasing from the Company a senior secured convertible note in the aggregate principal amount of $75 million.

EQS-News: DOUGLAS Group plans Initial Public Offering (IPO) on Frankfurt Stock Exchange

Retrieved on: 
Wednesday, March 13, 2024
Jefferies, Senior, Supervisory board, Deutsche Bank, Note, LFL, Growth, Bloom, UBS, ESG, CVC Capital Partners, IPO, Net income, UniCredit, LBBW, Banca Intesa, Economics, Goldman Sachs, Regulated market, RBI, Citigroup, Frankfurt Stock Exchange, BNP Paribas, PIK

DOUGLAS Group, Europe’s number one omnichannel premium beauty destination, plans a public listing on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange

Key Points: 
  • DOUGLAS Group, Europe’s number one omnichannel premium beauty destination, plans a public listing on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange
    IPO would accelerate the debt reduction and decrease the interest expenses of the company, thus enlarging the financial flexibility of the DOUGLAS Group and its further value creation
    Sander van der Laan, CEO DOUGLAS Group: “The DOUGLAS Group is ideally positioned to further capitalize on the large and resilient European premium beauty market.
  • The offering would comprise a public offering to individual and institutional investors in Germany as well as international private placements.
  • Following the completion of the IPO, CVC Capital Partners will continue to hold an indirect majority interest in DOUGLAS Group.
  • In the mid-term, the DOUGLAS Group has the ambition to grow group sales (net) at a CAGR of around 7%.