8-K

Quantum Provides Business Update

Retrieved on: 
Monday, March 25, 2024
Networks, Data Management, Technology, Artificial Intelligence, Software, 8-K, Letter, Panel, Acceleration, Form, Accounting Standards Codification, Corporation, News, AI, Quantum, Quantum Corporation, Hearing

Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), the pioneer in end-to-end data management solutions designed for the AI era, today filed a Form 8-K regarding several business updates, including reiterating its efforts to be current with its SEC financial reports by May 7, 2024.

Key Points: 
  • Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), the pioneer in end-to-end data management solutions designed for the AI era, today filed a Form 8-K regarding several business updates, including reiterating its efforts to be current with its SEC financial reports by May 7, 2024.
  • This amendment is consistent with the Company’s broader efforts to prioritize certain financial and business projects targeting improvements to working capital, acceleration of new products and a more focused business.
  • This re-evaluation process has involved an extensive and detailed analysis of the current financial periods as well as historical quarterly and annual reports.
  • Although the Company, along with its independent registered public accounting firm, is making significant progress, additional time is being taken in order to make a final determination.

DecisionPoint Systems to Report Fourth Quarter and Full Year 2023 Earnings

Retrieved on: 
Monday, March 25, 2024
Other Retail, Retail, Mobile, Wireless, Technology, Software, 8-K, Q&A

DecisionPoint Systems, Inc. (NYSE American: DPSI), the leading mobility-first enterprise services and solutions company and a leading provider of retail in-store solutions and services centered on Point-of-Sale systems, will report financial and operational results for the fourth quarter and full year ended December 31, 2023, on April 1, 2024.

Key Points: 
  • DecisionPoint Systems, Inc. (NYSE American: DPSI), the leading mobility-first enterprise services and solutions company and a leading provider of retail in-store solutions and services centered on Point-of-Sale systems, will report financial and operational results for the fourth quarter and full year ended December 31, 2023, on April 1, 2024.
  • DecisionPoint’s earnings release will be filed on Form 8-K and posted on the DecisionPoint investor relations website ( https://www.decisionpt.com/investing-in-decisionpoint/) at approximately 7:00 a.m. Eastern Time on April 1, 2024.
  • Management will host an earnings conference call and webcast beginning at 11:00 a.m. Eastern Time.
  • Management's presentation of the results, outlook and strategy will be followed by Q&A with investors.

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.

3M Announces Upcoming Investor Event

Retrieved on: 
Thursday, April 4, 2024
8-K, Form, Bank statement, CDT

ST. PAUL, Minn., April 4, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today announced the following investor event:

Key Points: 
  • ST. PAUL, Minn., April 4, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today announced the following investor event:
    First-quarter 2024 earnings conference call on Tuesday, April 30, 2024, at 8 a.m. CDT.
  • With the April 1, 2024 completion of the Solventum spin-off, 3M will report first-quarter 2024 results inclusive of Solventum, similar to the basis on which 3M provided first-quarter guidance during its January earnings conference call.
  • 3M has posted additional information on its Investor Relations website.
  • In addition, 3M posted certain 2023 estimated preliminary financial information that is illustrative as if Solventum were reflected as a discontinued operation.

Equinix Files 8-K Notification and Comments on Recent Events

Retrieved on: 
Monday, March 25, 2024
8-K, Audit committee, Equinix, Architecture, Comment, History, EQIX

Shortly after the release of the report, the company received a subpoena from the U.S. Attorney's Office for the Northern District of California.

Key Points: 
  • Shortly after the release of the report, the company received a subpoena from the U.S. Attorney's Office for the Northern District of California.
  • Receipt of these types of inquiries is not unusual in these circumstances, and Equinix intends to fully cooperate in this matter.
  • The company does not expect to comment further on such matters until appropriate to do so.
  • In a statement, the company said, "We take seriously our obligations of transparency and accuracy in our financial reporting.

B. Riley Financial Announces Notification of Delinquency with Nasdaq

Retrieved on: 
Friday, March 22, 2024
8-K, Letter, Knowledge, Security (finance), Annual report, Calendar, Late, Audit committee, Cryptocurrency

LOS ANGELES, March 22, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") announced it received an expected delinquency notification letter from Nasdaq on March 18, 2024 which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 ("Annual Report").

Key Points: 
  • LOS ANGELES, March 22, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") announced it received an expected delinquency notification letter from Nasdaq on March 18, 2024 which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 ("Annual Report").
  • The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC").
  • This notification has no immediate effect on the listing of the Company's securities on Nasdaq.
  • The Company will take the necessary steps to regain compliance with the Nasdaq listing rules as soon as possible.

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages ADTRAN Holdings, Inc. Investors to Inquire About Securities Class Action Investigation – ADTN

Retrieved on: 
Monday, March 11, 2024
Titan, ADTRAN, 8-K, News, Advertising, Audit committee, ADTN, Bank statement, Cryptocurrency

The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

Key Points: 
  • The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
  • WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=22898 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

SMG Industries Inc. Announces Voluntary SEC Deregistration

Retrieved on: 
Friday, March 8, 2024
CFO, OTCQB, 8-K, Transport, SMG, Security (finance), Risk management

By eliminating the Company’s Exchange Act reporting obligations, SMG aims to streamline its financial operations, reporting obligations, reducing administrative costs, and allowing the business to focus on core business activities.

Key Points: 
  • By eliminating the Company’s Exchange Act reporting obligations, SMG aims to streamline its financial operations, reporting obligations, reducing administrative costs, and allowing the business to focus on core business activities.
  • The Company believes this decision will allow the back office to operate more efficiently and allocate resources more effectively.
  • On or about March 15, 2024, the Company intends to file a Form 15 with the Securities and Exchange Commission (the “SEC”) to voluntarily effect the deregistration of its common stock.
  • The Company expects the deregistration to become effective 90 days after filing the Form 15 with the SEC.

ADTN INVESTOR NOTICE: ROSEN, A TOP RANKED LAW FIRM, Encourages ADTRAN Holdings, Inc. Investors to Inquire About Securities Class Action Investigation – ADTN

Retrieved on: 
Thursday, March 7, 2024
Titan, ADTRAN, 8-K, News, Advertising, Audit committee, ADTN, Bank statement, Cryptocurrency

The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

Key Points: 
  • The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
  • WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=22898 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Canoo Inc. Announces 1-for-23 Reverse Stock Split Effective March 8, 2024

Retrieved on: 
Wednesday, March 6, 2024
Transfer, 8-K, Special, Common stock, Sale, Exercise, Common, Form, CUSIP, Eastern Time Zone, Security (finance), Fraction, Trust, Effective date

Justin, TX, March 06, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV ), (“Canoo” or the “Company”), an advanced high-tech mobility company, announced today that it will effect a 1-for-23 reverse stock split of its common stock, par value $0.0001 per share (“Common Stock”), that will become effective on March 8, 2024, at 8:00 a.m., Eastern Time (“Effective Date”).

Key Points: 
  • Justin, TX, March 06, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV ), (“Canoo” or the “Company”), an advanced high-tech mobility company, announced today that it will effect a 1-for-23 reverse stock split of its common stock, par value $0.0001 per share (“Common Stock”), that will become effective on March 8, 2024, at 8:00 a.m., Eastern Time (“Effective Date”).
  • As a result of the reverse stock split, every 23 shares of the Company’s Common Stock will automatically be combined into one share of Common Stock.
  • As of the Effective Date, the number of shares of Common Stock available for issuance under the Company’s equity incentive plans and issuable pursuant to equity awards immediately prior to the reverse stock split will be proportionately adjusted by the reverse stock split.
  • Continental is acting as the exchange agent for the reverse stock split and will send stockholders a transaction statement indicating the number of shares of Common Stock stockholders hold after the reverse stock split.