Security agreement

Great Elm Capital Corp. Prices Public Offering of $30,000,000 of 8.50% Notes Due 2029

Retrieved on: 
Tuesday, April 9, 2024
City National Bank, Loan, PALM, Security agreement, Sale, Security (finance), Prospectus, Investment, Note, BEACH

The Company has also granted the underwriters a 30-day option to purchase up to an additional $4,500,000 aggregate principal amount of Notes to cover over-allotments, if any.

Key Points: 
  • The Company has also granted the underwriters a 30-day option to purchase up to an additional $4,500,000 aggregate principal amount of Notes to cover over-allotments, if any.
  • The closing of the transaction is subject to customary closing conditions, and the Notes are expected to be delivered on or about April 17, 2024.
  • Ladenburg Thalmann & Co. Inc., InspereX LLC, Janney Montgomery Scott LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering.
  • The information in this press release and the preliminary prospectus is not complete and may be changed.

Great Elm Capital Corp. Announces Public Offering of Unsecured Notes

Retrieved on: 
Tuesday, April 9, 2024
City National Bank, Loan, PALM, Security agreement, Sale, Prospectus, Note, Investment, BEACH, Security (finance)

PALM BEACH GARDENS, Fla., April 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today the commencement of an underwritten public offering of unsecured notes due 2029 (the “Notes”).

Key Points: 
  • PALM BEACH GARDENS, Fla., April 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today the commencement of an underwritten public offering of unsecured notes due 2029 (the “Notes”).
  • The Notes are expected to be listed on The Nasdaq Global Market under the trading symbol “GECCI,” and to trade thereon within 30 days from the original issue date.
  • The interest rate and other terms of the Notes will be determined by negotiations between the Company and the underwriters.
  • Ladenburg Thalmann & Co. Inc., InspereX LLC, Janney Montgomery Scott LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering.

DIGITAL ALLY, INC ANNOUNCES 2023 OPERATING RESULTS

Retrieved on: 
Tuesday, April 2, 2024
Agreement, Social media, Health care, Sale, Business analyst, Closing, Note, Marketing, Moshing, Form, Heartland Stampede Music Festival, Prospectus, George M. Steinbrenner Field, Kustom, Plan, Country, News, Acquisition, Senior, Suite, Security, Brickell Avenue, Security agreement, Operating cost, EDT, Sub, The Borrowers, Finance Secretary (India), Traction, Music, ID, Patent, DGLY, Cryptocurrency

LENEXA, Kansas, April 02, 2024 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for fiscal year 2023.

Key Points: 
  • LENEXA, Kansas, April 02, 2024 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for fiscal year 2023.
  • Operating losses for the year ended December 31, 2023 and 2022 were $22,240,553 and $29,733,258, respectively, a decrease of $7,492,705 (25%).
  • Operating loss as a percentage of revenues improved to 78% in 2023 from 80% in 2022.
  • The Company will host an investor conference call at 11:15 a.m. EDT on Tuesday, April 2, 2023, to discuss its 2023 financial results, corporate and individual subsidiary outlook, and previously announced corporate separation.

TILT Holdings Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 14, 2024
Attention, Growth, Partnership, Security agreement, Female, Elevate, Chinese New Year, TILT, Video game

In the fourth quarter, we experienced one of the largest periods of order volume in Jupiter’s history ahead of Chinese New Year.

Key Points: 
  • In the fourth quarter, we experienced one of the largest periods of order volume in Jupiter’s history ahead of Chinese New Year.
  • A portion of these Chinese New Year orders were delivered in the first quarter of 2024, which negatively impacted revenue and profitability for the fourth quarter of 2023.
  • These results include a non-cash impairment charge of $7.5 million in the fourth quarter of 2023, as well as a $54.6 million [non-cash] impairment charge in the fourth quarter of 2022.
  • Revenue was $166.0 million in the twelve months ended December 31, 2023, compared to $174.2 million in the prior year.

Vintage Wine Announces Forbearance Agreement Extension with Lenders

Retrieved on: 
Wednesday, April 3, 2024
Retail, Food, Beverage, Wine & Spirits, Security agreement, VWE, Exercise

Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”) today announced that the Company and its lender group have amended the forbearance agreement dated March x, 2024 to extend the forbearance period to May 15, 2024.

Key Points: 
  • Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”) today announced that the Company and its lender group have amended the forbearance agreement dated March x, 2024 to extend the forbearance period to May 15, 2024.
  • The lenders have also agreed to the deferral of the $10 million principal payment previously due at March 31, 2024 to May 15, 2024.
  • Kristina Johnston, Chief Financial Officer, commented, “We are continuing productive discussions with our lenders as we work to advance potential asset sales, the monetization of inventory and cost reductions.
  • The extension of the forbearance agreement provides additional time for further discussions with the lenders regarding an amended lending agreement as we execute on our plans.”
    Under the amended forbearance agreement, the lender group has agreed to not exercise any rights and remedies until May 15, 2024, so long as the Company complies with the terms of the forbearance agreement as amended and otherwise remains in compliance with the Second A&R Loan and Security Agreement.

QEP Completes Sale Of Australia/New Zealand Business

Retrieved on: 
Monday, March 4, 2024
Consent, Amendment, Release, Bank, Growth, Sale, BOCA, Committee, Security agreement, OTCQX, QEP, Bank of America

CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today announced that it has completed the previously announced sale of its Australia and New Zealand business (the “ANZ Business”) to QEP Australasia Pty.

Key Points: 
  • CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today announced that it has completed the previously announced sale of its Australia and New Zealand business (the “ANZ Business”) to QEP Australasia Pty.
  • Bruce Maclaren has served as the Managing Director of the ANZ Business for 20 years including a period of three years as CEO European Operations for QEP based in the UK.
  • Tony Lei has also been involved with QEP for over 20 years as a valued supplier to the ANZ Business and QEP’s other businesses around the world.
  • Executive Chairman of QEP, Lewis Gould, stated, “The closing of this transaction is another significant step to realign our global footprint to drive long-term stockholder value.

Uniti Group Inc. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024
ETL, ROCK, ABS, Growth, Sale, Adjustment, Consolidated, Security agreement, Public expenditure

LITTLE ROCK, Ark., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) today announced its results for the fourth quarter and full year 2023.

Key Points: 
  • Net Income (Loss) of $30.7 Million and ($81.7) Million for the Fourth Quarter and Full Year, Respectively
    Net Income (Loss) of $0.13 and ($0.35) Per Diluted Common Share for the Fourth Quarter and Full Year, Respectively
    AFFO Per Diluted Common Share of $0.34 and $1.42 for the Fourth Quarter and Full Year, Respectively
    LITTLE ROCK, Ark., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) today announced its results for the fourth quarter and full year 2023.
  • Uniti Fiber contributed $70.7 million of revenues and $27.0 million of Adjusted EBITDA for the fourth quarter of 2023, achieving Adjusted EBITDA margins of approximately 38%.
  • Uniti Leasing contributed revenues of $214.9 million and Adjusted EBITDA of $209.5 million for the fourth quarter.
  • The Company’s leverage ratio at year-end was 6.03x based on net debt to fourth quarter 2023 annualized Adjusted EBITDA.

Uniti Group Inc. Announces Completion of New ABS Bridge Facility and Recent Asset Sales

Retrieved on: 
Monday, February 26, 2024
Barclays, ROCK, Senior, National Association, ABS, Wilmington Trust, Sale, Adjustment, Citibank, UNIT, Security agreement, Facility, Recycling, Deutsche Bank

The ABS Borrower intends to cap Term SOFR for the duration of the Facility pursuant to an interest rate protection agreement.

Key Points: 
  • The ABS Borrower intends to cap Term SOFR for the duration of the Facility pursuant to an interest rate protection agreement.
  • The Facility will mature 18 months from the initial draw date and is subject to customary covenants.
  • The ABS Borrower intends to refinance the Facility in full with proceeds from a long-term ABS facility secured primarily by certain Uniti Fiber network assets.
  • As part of the agreement, Uniti will continue to have access to certain strands within the SwyftFiber network at zero-cost.

TILT Holdings Enters into Debt and Security Agreement with Smoore Technology Limited

Retrieved on: 
Wednesday, January 31, 2024
TILT, Security agreement, Chinese New Year, Mecklermedia, Ageing, Sinosure, Insurance, Agreement, Security (finance)

(“TILT" or the “Company”) ( Cboe:TILT ) ( OTCQB: TLLTF ), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, today announced that the Company and each of its subsidiaries (collectively, the “TILT Companies”) have entered into a Debt and Security Agreement, Guaranty, and related collateral security documents (collectively, the “Agreements”) with Smoore Technology Limited (“Smoore”), effective January 28, 2024.

Key Points: 
  • (“TILT" or the “Company”) ( Cboe:TILT ) ( OTCQB: TLLTF ), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, today announced that the Company and each of its subsidiaries (collectively, the “TILT Companies”) have entered into a Debt and Security Agreement, Guaranty, and related collateral security documents (collectively, the “Agreements”) with Smoore Technology Limited (“Smoore”), effective January 28, 2024.
  • The Agreements expand the Company and Jupiter Research, LLC’s (“Jupiter”) existing trade payable credit line with Smoore.
  • Pursuant to the terms of the Agreements, Smoore will continue to make sales of CCELL vape hardware products and ship on credit to TILT’s wholly-owned subsidiary Jupiter.
  • The guarantee provided by the TILT Companies under the Agreements enables TILT to increase and secure the credit line to support customer demand and will be secured by TILT’s grant of a first lien security interest in all TILT assets.

DIGITAL ALLY, INC ANNOUNCES THIRD QUARTER 2023 OPERATING RESULTS

Retrieved on: 
Wednesday, November 15, 2023
Sale, Acquisition, Senior, Business analyst, Loan agreement, Revenue cycle management, Practice management, Marketing, Assignment, Closing, Tripura Merger Agreement, George M. Steinbrenner Field, Health care, Brickell Avenue, Growth, Plan, 2019 Digital Ally 400, News, EDT, Revolving Loan Fund, Entertainment, Suite, Form, Traction, DGLY, Security agreement, Total, ID, Sub, File, Prospectus, Security, Record, Mortgage loan, Prime rate, Debtor, Social media, Kompass Karten, Reserve (accounting), Loan, Cryptocurrency, Music, Pharmaceutical industry, Holding company, Credit, Security (finance), Life insurance, Kustom, Mergers and acquisitions, Shield

LENEXA, Kansas, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for the third quarter 2023.

Key Points: 
  • LENEXA, Kansas, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for the third quarter 2023.
  • An investor conference call is scheduled for 11:15 a.m. EDT on Wednesday, November 15, 2023 (see details below).
  • We reported an operating loss of $5,148,043 and $6,567,023 for the three months ended September 30, 2023 and 2022, respectively, an improvement of $1,418,980 (22%).
  • The Company will host an investor conference call at 11:15 a.m. EDT on Wednesday, November 15, 2023, to discuss its third quarter 2023 financial results, corporate and individual subsidiary outlook, and previously announced corporate separation.