Harney Westwood & Riegels

Harney & Sons unveils its latest line of tea blends, the Disney Collection

Retrieved on: 
Friday, September 23, 2022

MILLERTON, N.Y., Sept. 23, 2022 /PRNewswire/ -- Harney & Sons Fine Teas is pleased to announce the launch of a new line of teas in collaboration with Disney.

Key Points: 
  • MILLERTON, N.Y., Sept. 23, 2022 /PRNewswire/ -- Harney & Sons Fine Teas is pleased to announce the launch of a new line of teas in collaboration with Disney.
  • Available now, the Disney Collection from Harney & Sons features five beloved Disney characters as the inspiration for five new tea blends.
  • The Disney Collection of teas from Harney & Sons is available at harney.com as well as our stores in SoHo and Millerton, New York.
  • As the third generation of Harneys continues to carry out that mission, including educating tea lovers about fascinating tea traditions and types of tea found around the world, Harney & Sons customers are discovering their own passion for tea through the products and experience Harney offers.

BlueCity Announces Completion of Merger

Retrieved on: 
Friday, August 12, 2022

BEIJING, Aug. 12, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (BlueCity or the Company) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that completion of the merger (the Merger) with Diversefuture Limited (the Merger Sub), a wholly-owned subsidiary of Multelements Limited (the Parent), pursuant to the previously announced Agreement and Plan of Merger (the Merger Agreement), dated as of April 30, 2022, among the Company, the Parent and the Merger Sub.

Key Points: 
  • BEIJING, Aug. 12, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (BlueCity or the Company) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that completion of the merger (the Merger) with Diversefuture Limited (the Merger Sub), a wholly-owned subsidiary of Multelements Limited (the Parent), pursuant to the previously announced Agreement and Plan of Merger (the Merger Agreement), dated as of April 30, 2022, among the Company, the Parent and the Merger Sub.
  • As a result of the Merger, the Company became a wholly owned subsidiary of Parent and will cease to be a publicly traded company.
  • BlueCity (NASDAQ: BLCT) is a world-leading online LGBTQ community providing a comprehensive suite of services to foster connections and enhance the wellbeing of the LGBTQ community.
  • With commitment to providing high-quality user experience, ensuring privacy protection, and promoting community health and well-being, BlueCity has captured the hearts and minds of LGBTQ people across the globe.

LAIX Inc. Enters into Definitive Agreement for Going-Private Transaction

Retrieved on: 
Friday, June 17, 2022

The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors.

Key Points: 
  • The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors.
  • In connection with the Merger, the Company will prepare and mail a Schedule 13E-3 transaction statement to its shareholders.
  • LAIX Inc. ("LAIX" or the "Company") is an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning.
  • LAIX provides its products and services on demand via its mobile apps, primarily its flagship "English Liulishuo" mobile app launched in 2013.

CH-AUTO, A Chinese Electric Vehicle Manufacturing and Design Service Company, Announces Plans To Become A Public Company Via Merger Transaction With Mountain Crest Acquisition Corp. IV

Retrieved on: 
Monday, May 2, 2022

In 2015, CH-AUTO established a wholly-owned subsidiary "QIANTU MOTOR" (QT), aiming to build an electric vehicle brand for the global market.

Key Points: 
  • In 2015, CH-AUTO established a wholly-owned subsidiary "QIANTU MOTOR" (QT), aiming to build an electric vehicle brand for the global market.
  • CH-AUTO is a technology-driven company founded in 2003 and has been an electric vehicle manufacturing and design service company in China.
  • Mountain Crest and CH-AUTO caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
  • For CH-AUTO TECHNOLOGY CORPORATION LTD.:
    Building 4, AVIC International Industrial Park Area 1, Shijun North Street, Shunyi District, Beijing, China
    For Mountain Crest Acquisition Corp. IV:

BlueCity Enters into Definitive Agreement for Going-Private Transaction

Retrieved on: 
Saturday, April 30, 2022

The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors.

Key Points: 
  • The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors.
  • The Company will prepare and file with the U.S. Securities and Exchange Commission a Schedule 13E-3 transaction statement, which will include a proxy statement of the Company.
  • The Schedule 13E-3 will include a description of the Merger Agreement and contain other important information about the Merger, the Company and the other participants in the Merger.
  • In addition, certain participants in the Merger will prepare and mail to the Companys shareholders a Schedule 13E-3 transaction statement that will include the proxy statement.

Luckin Coffee Successfully Emerges from All Bankruptcy Proceedings

Retrieved on: 
Monday, April 11, 2022

BEIJING, April 11, 2022 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced the successful completion of the restructuring of its financial indebtedness and its emergence from the bankruptcy proceeding commenced with respect to the Company as debtor under chapter 15 of title 11 of the United States Code (the “Chapter 15 Case”).

Key Points: 
  • Today marks a new beginning for Luckin Coffee, said Dr. Jinyi Guo, Chairman and Chief Executive Officer of the Company.
  • Luckin Coffee utilized the Chapter 15 process to effectuate the restructuring of its financial indebtedness in the United States.
  • The entry of the Bankruptcy Courts order marks the formal closure of the Companys U.S. bankruptcy proceedings.
  • Empowered by proprietary technologies, Luckin Coffee pursues its vision to build a world-class coffee brand and become a part of everyones daily life.

Luckin Coffee Announces Successful Conclusion of Provisional Liquidation

Retrieved on: 
Monday, March 7, 2022

Todays announcement is the result of the remarkable work from the Luckin Coffee team and the outstanding support we have received from our creditors and stakeholders throughout this process, said Dr. Jinyi Guo, Chairman and Chief Executive Officer of Luckin Coffee.

Key Points: 
  • Todays announcement is the result of the remarkable work from the Luckin Coffee team and the outstanding support we have received from our creditors and stakeholders throughout this process, said Dr. Jinyi Guo, Chairman and Chief Executive Officer of Luckin Coffee.
  • The successful completion of the provisional liquidation is yet another positive step for Luckin Coffee, and has allowed us to significantly reduce our debt burden and improve the Companys capital structure.
  • Luckin Coffee (OTC:LKNCY) has pioneered a technology-driven retail network to provide coffee and other products of high quality, high convenience, and high affordability to customers.
  • Empowered by proprietary technologies, Luckin Coffee pursues its vision to build a world-class coffee brand and become a part of everyones daily life.

Luckin Coffee Announces Restructuring Effective Date in Relation to Convertible Notes Due 2025 Has Occurred

Retrieved on: 
Monday, January 31, 2022

Accordingly, the Schemewhich governs the restructuring of Luckin Coffees US$460 million 0.75% Convertible Senior Notes due 2025 (the Existing Notes)has been substantially consummated and the Restructuring Effective Date has occurred.

Key Points: 
  • Accordingly, the Schemewhich governs the restructuring of Luckin Coffees US$460 million 0.75% Convertible Senior Notes due 2025 (the Existing Notes)has been substantially consummated and the Restructuring Effective Date has occurred.
  • Todays development marks the culmination of extraordinary efforts from the Luckin Coffee team and outstanding support from our creditors and stakeholders, said Dr. Jinyi Guo, Chairman and Chief Executive Officer of Luckin Coffee.
  • Luckin Coffee is moving forward from a position of financial strength and remains focused on the continued execution of our growth strategy.
  • Empowered by proprietary technologies, Luckin Coffee pursues its vision to build a world-class coffee brand and become a part of everyones daily life.

Bitmain-Backed BitFuFu (Finfront Holding Company), a World-Leading Digital Assets Cloud Mining Service Provider, Entered into a Definitive Merger Agreement with Arisz Acquisition Corp.

Retrieved on: 
Tuesday, January 25, 2022

BitFuFu has executed a strategic partnership agreement with Bitmain and entered into a 10-year mining hosting agreement with Bitmain globally including the United States.

Key Points: 
  • BitFuFu has executed a strategic partnership agreement with Bitmain and entered into a 10-year mining hosting agreement with Bitmain globally including the United States.
  • BitFuFu offers a one-stop mining solution for miners of all sizes from institutional customers to individual digital asset enthusiasts.
  • Echo Hindle-Yang, Chairwoman and CEO of Arisz Acquisition Corp. commented, We are thrilled to enter into the merger agreement with BitFuFu.
  • Leveraging its expanding global mining facility network and strategic partnership with Bitmain, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently.

Bitmain-Backed BitFuFu (Finfront Holding Company), a World-Leading Digital Assets Cloud Mining Service Provider, Entered into a Definitive Merger Agreement with Arisz Acquisition Corp.

Retrieved on: 
Tuesday, January 25, 2022

BitFuFu has executed a strategic partnership agreement with Bitmain and entered into a 10-year mining hosting agreement with Bitmain globally including the United States.

Key Points: 
  • BitFuFu has executed a strategic partnership agreement with Bitmain and entered into a 10-year mining hosting agreement with Bitmain globally including the United States.
  • BitFuFu offers a one-stop mining solution for miners of all sizes from institutional customers to individual digital asset enthusiasts.
  • Echo Hindle-Yang, Chairwoman and CEO of Arisz Acquisition Corp. commented, "We are thrilled to enter into the merger agreement with BitFuFu.
  • Leveraging its expanding global mining facility network and strategic partnership with Bitmain, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently.