Security agreement

micromobility.com Inc. Slashes Debt by $9.25 Million in Strategic Financial Triumph

Retrieved on: 
Monday, December 11, 2023
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micromobility.com Inc. (NASDAQ: MCOM) announces a landmark achievement in its financial strategy, significantly reducing its debt and setting a course for profitability.

Key Points: 
  • micromobility.com Inc. (NASDAQ: MCOM) announces a landmark achievement in its financial strategy, significantly reducing its debt and setting a course for profitability.
  • The Company has successfully implemented a Settlement and Release Agreement, leading to a major reduction in its debt burden.
  • Salvatore Palella, CEO of micromobility.com Inc., enthusiastically remarked, “This reduction in debt by $9.25 million is not just a financial win; it’s a strategic move propelling us towards our goal of profitability.
  • We're now better equipped to focus on our core business objectives and drive towards long-term profitability."

AgeX Therapeutics Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 14, 2023
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AgeX Therapeutics, Inc. (“AgeX”; NYSE American: AGE), a biotechnology company developing therapeutics for human aging and regeneration, reported its financial and operating results for the quarter and nine months ended September 30, 2023.

Key Points: 
  • AgeX Therapeutics, Inc. (“AgeX”; NYSE American: AGE), a biotechnology company developing therapeutics for human aging and regeneration, reported its financial and operating results for the quarter and nine months ended September 30, 2023.
  • On October 31, 2023, AgeX made a final draw of loan funds available under a line of credit from Juvenescence Limited.
  • Cash, cash equivalents, and restricted cash totaled $0.4 million as of September 30, 2023.
  • These factors raise substantial doubt regarding the ability of AgeX to continue as a going concern.

AVITA Medical Announces Preliminary Third Quarter 2023 Financial Highlights and Secures up to $90 million of Non-Dilutive Debt Financing with OrbiMed to Support Growth Initiatives

Retrieved on: 
Wednesday, October 18, 2023
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The non-dilutive capital provides financial flexibility to support portfolio expansion, global initiatives, and the further development and commercialization of approved indications.

Key Points: 
  • The non-dilutive capital provides financial flexibility to support portfolio expansion, global initiatives, and the further development and commercialization of approved indications.
  • For the third quarter ended September 30, 2023, preliminary commercial revenue was $13.5 million, a 50% increase compared to approximately $9.0 million for the same period in 2022.
  • AVITA Medical also issued OrbiMed a warrant to purchase 409,661 shares of the Company’s common stock, with an exercise price of $10.9847.
  • “After another strong quarter, we are excited to be partnering with OrbiMed,” said Jim Corbett, Chief Executive Officer of AVITA Medical.

QEP Completes Sale of Manufacturing Facility in Johnson City, Tennessee

Retrieved on: 
Tuesday, October 3, 2023
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CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today announced that on September 29, 2023, it completed the sale of its manufacturing facility in Johnson City, Tennessee to Hatley Properties, LLC (“Hatley Properties”), in a transaction valued at $5.3 million.

Key Points: 
  • CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today announced that on September 29, 2023, it completed the sale of its manufacturing facility in Johnson City, Tennessee to Hatley Properties, LLC (“Hatley Properties”), in a transaction valued at $5.3 million.
  • The facility consists of approximately 295,000 square feet of manufacturing and warehouse space on approximately 48 acres in Johnson City, Tennessee.
  • Prior to this sale, on September 28, 2023, QEP also conducted an online auction to sell certain machinery and equipment that were excluded from this transaction.
  • Commenting on the transaction, Len Gould, President & CEO, The Americas, of QEP stated, “This transaction completes QEP’s exit from wood flooring manufacturing.

Tempo Automation Holdings, Inc. Receives a Default Notice From its Senior Lender Consortium

Retrieved on: 
Thursday, September 21, 2023
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SAN FRANCISCO, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ: TMPO, the “Company”) has received a default notice from its senior lender consortium.

Key Points: 
  • SAN FRANCISCO, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ: TMPO, the “Company”) has received a default notice from its senior lender consortium.
  • The Loan Agreement is secured by the assets of Tempo OpCo and its subsidiaries (the “Collateral”), and the Company is a party to the Loan Agreement and has guaranteed Tempo OpCo’s obligations thereunder.
  • The Loan Agreement and Forbearance were attached as exhibits to the Company’s Current Reports on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on December 6, 2022 and June 21, 2023, respectively.
  • The Company and its subsidiaries, including Tempo OpCo, are unable to cure such defaults or to repay such indebtedness.

Nauticus Robotics Announces Term Loan Financing of up to $20 Million

Retrieved on: 
Thursday, September 21, 2023
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The Term Loan Agreement provides Nauticus with up to $20 million in secured term loans (the "Loans"), of which $11.6 million has already been funded.

Key Points: 
  • The Term Loan Agreement provides Nauticus with up to $20 million in secured term loans (the "Loans"), of which $11.6 million has already been funded.
  • The Company is actively discussing a larger round of capital with new investors, beyond the available capacity of the Term Loan Agreement, to support its service offering expansion.
  • Their continued investment underscores confidence in the company's strategic direction and growth potential," said Nicolaus Radford, CEO of Nauticus.
  • We are excited about the opportunities this financing provides as we continue to build out our fleet of robots."

Asure Software, Inc. Announces Closing of Public Offering of Common Stock

Retrieved on: 
Monday, August 21, 2023
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In the offering, Asure sold 3,333,333 newly issued shares of its common stock at the public offering price of $12.00 per share.

Key Points: 
  • In the offering, Asure sold 3,333,333 newly issued shares of its common stock at the public offering price of $12.00 per share.
  • Gross proceeds to Asure were approximately $40 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Asure.
  • Asure intends to use the net proceeds received from the sale of its common stock for general corporate purposes.
  • The offering was made pursuant to an effective shelf registration statement that Asure filed with the Securities and Exchange Commission (SEC).

Asure Software, Inc. Announces Pricing of Public Offering of Common Stock

Retrieved on: 
Thursday, August 17, 2023
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The offering consists of 3,333,333 newly issued shares being sold by Asure at a public offering price of $12.00 per share.

Key Points: 
  • The offering consists of 3,333,333 newly issued shares being sold by Asure at a public offering price of $12.00 per share.
  • The gross proceeds to Asure from this offering are expected to be approximately $40 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Asure.
  • Asure has granted the underwriters a 30-day over-allotment option to purchase up to an additional 500,000 shares of common stock from Asure at the same price.
  • Asure intends to use the net proceeds received from the sale of its common stock for general corporate purposes.

Asure Software, Inc. Announces Public Offering of Common Stock

Retrieved on: 
Wednesday, August 16, 2023
Attention, Montgomery Street, Telephone, ASUR, Enterprise file synchronization and sharing, Security agreement, Sale, Suite, Prospectus, Equity capital markets, Investment, Human resource management, Form, Security (finance), LP, HCM, Capital Group Companies, Stifel, Asure Software, Incorporated

AUSTIN, Texas, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Asure Software, Inc. (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, today announced that it intends to offer and sell newly issued shares of its common stock in an underwritten public offering.

Key Points: 
  • AUSTIN, Texas, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Asure Software, Inc. (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, today announced that it intends to offer and sell newly issued shares of its common stock in an underwritten public offering.
  • In connection with the proposed offering, Asure is expected to grant the underwriters a 30-day over-allotment option to purchase up to an additional 15% of the number of shares of common stock sold by Asure in the offering.
  • Asure intends to use the net proceeds received from the sale of its common stock for general corporate purposes.
  • The shares of common stock are being offered pursuant to an effective shelf registration statement on Form S-3 (File No.

Great Elm Capital Corp. Prices Public Offering of $40,000,000 of 8.75% Notes Due 2028

Retrieved on: 
Wednesday, August 9, 2023
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The Company has also granted the underwriters a 30-day option to purchase up to an additional $6,000,000 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 $6,000,000 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 August 16, 2023.
  • Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC and Oppenheimer & Co. Inc. 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.