FIRM

K1 Investment Management, LLC (“K1”) Statement regarding Possible Offer for MariaDB plc (“MariaDB”)

Retrieved on: 
Friday, February 16, 2024

LOS ANGELES, Feb. 16, 2024 (GLOBE NEWSWIRE) -- K1 confirms that it made, on 15 February 2024, a non-binding proposal to the board of directors of MariaDB (the “Board”) to acquire, together with K1’s investment affiliates, all of the issued, and to be issued, share capital of MariaDB at a value of $0.55 per share (the “Possible Offer”). The terms of the Possible Offer represent:-

Key Points: 
  • THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY SUCH OFFER WILL BE MADE.
  • K1 has a high regard for the MariaDB business and looks forward to engaging with MariaDB in connection with the Possible Offer.
  • However, K1 reserves the right to implement the proposal, instead, by way of contractual offer.
  • There can be no certainty that any offer will be made, nor as to the terms on which any such offer might be made.

Health Insurance Innovations, Inc. Fair Fund Established by the Securities & Exchange Commission ("Commission")--Summary Notice of Distribution

Retrieved on: 
Monday, January 22, 2024

You may be eligible for a Distribution Payment from the Fair Fund.

Key Points: 
  • You may be eligible for a Distribution Payment from the Fair Fund.
  • A Fair Fund has been established in the Securities and Exchange Commission administration proceeding set forth at the top of this Notice.
  • To qualify for a payment from the Fair Fund, you must satisfy certain eligibility criteria that are described in detail in the Plan.
  • The Plan is available on the Fair Fund website at www.HealthInsuranceInnovationsFairFund.com and on the Commission's public website at https://www.sec.gov/files/litigation/admin/2023/34-98936-dp.pdf .

Distribution Plan of the Health Insurance Innovations, Inc. Fair Fund Announced by the Securities & Exchange Commission ("Commission")

Retrieved on: 
Monday, January 15, 2024

You may be eligible for a Distribution Payment from the Fair Fund.

Key Points: 
  • You may be eligible for a Distribution Payment from the Fair Fund.
  • A Fair Fund has been established in the Securities and Exchange Commission administration proceeding set forth at the top of this Notice.
  • To qualify for a payment from the Fair Fund, you must satisfy certain eligibility criteria that are described in detail in the Plan.
  • The Plan is available on the Fair Fund website at www.HealthInsuranceInnovationsFairFund.com and on the Commission's public website at https://www.sec.gov/files/litigation/admin/2023/34-98936-dp.pdf .

Commencement of Strategic Review

Retrieved on: 
Monday, January 8, 2024

The Company today announces that the Board of Directors of I-RES (the “Board”) has decided to commence a strategic review to consider and evaluate all strategic options that may be available to maximise and unlock value for shareholders in the Company (the “Strategic Review”).

Key Points: 
  • The Company today announces that the Board of Directors of I-RES (the “Board”) has decided to commence a strategic review to consider and evaluate all strategic options that may be available to maximise and unlock value for shareholders in the Company (the “Strategic Review”).
  • This Strategic Review will commence as soon as practicable in Q1 2024, following the release of the Company’s 2023 Full Year Financial Results.
  • The Special Committee will retain specialist international financial and real estate advice to assist with the Strategic Review.
  • There is no certainty that any change will result from the Strategic Review or that any sale, strategic investment or other transaction will be concluded, nor as to the terms on which any offer, strategic investment or other transaction may be made.

Arizent debuts 2024 Media Kits: American Banker, The Bond Buyer, National Mortgage News, Digital Insurance, Financial Planning, Accounting Today and Employee Benefit News

Retrieved on: 
Wednesday, November 15, 2023

NEW YORK, Nov. 15, 2023 /PRNewswire-PRWeb/ -- Arizent, a leading business information resource for the financial and professional services communities, launched its 2024 media offerings for all seven of its brands: American Banker, The Bond Buyer, National Mortgage News, Digital Insurance, Financial Planning, Accounting Today and Employee Benefit News. Following the success of award-winning integrated campaigns and the launch of their Intent360 demand gen solution, Arizent is providing more impactful opportunities for clients to create integrated, multi-platform programs that drive meaningful engagement and results with senior decision makers.

Key Points: 
  • After new event launches in 2023 for Accounting Today's FIRM GROWTH FORUM and Employee Benefit News' BENEFITS AT WORK, Arizent will reimagine the flagship DIGITAL BANKING conference from American Banker.
  • "We've seen how powerful the results can be when our clients leverage our events and digital platforms for integrated campaigns."
  • The campaign won a Gold Award from the Financial Communications Society in the Event Marketing category.
  • Arizent's multi-year partnership with Protiviti on a separate campaign also garnered an ANA B2 Award in the category of Best Sponsorship Program.

Renewi plc: Further response to possible offer announcement by Macquarie Asset Management (“Macquarie”)

Retrieved on: 
Thursday, September 28, 2023

These actions will be supplemented by progress in Renewi’s digital agenda, focused on further improving customer related processes, digitising its back offices and upgrading its asset management capabilities.

Key Points: 
  • These actions will be supplemented by progress in Renewi’s digital agenda, focused on further improving customer related processes, digitising its back offices and upgrading its asset management capabilities.
  • Delivery of these initiatives is expected to drive sustainable long-term margin improvement, towards the Company’s target of high single digit % EBIT margin.
  • For the purposes of Rule 2.5(a) of the Code, this announcement has been made without the consent of Macquarie.
  • The content of the website referred to above is not incorporated into and does not form part of this announcement.

Runa Capital II (GP) (“Runa”) Statement by Runa regarding corporate governance concerns at MariaDB plc and shareholder engagement

Retrieved on: 
Thursday, September 28, 2023

Dublin, Ireland, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Runa has, for a number of years, expressed serious concerns regarding the management of (“MariaDB” or the “Company”) by its directors (the “Board”). In that context, Runa has advocated for changes to the Company’s strategic direction, including a rationalization of the Company’s budget and potentially changes in senior roles in the Company. Recently, Runa became aware that the Company intended to engage in a highly dilutive equity transaction to fund its capital needs. Runa believes that such transaction would result in substantial and damaging dilution to shareholders and would not be in the interests of the Company or its shareholders.

Key Points: 
  • Dublin, Ireland, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Runa has, for a number of years, expressed serious concerns regarding the management of (“MariaDB” or the “Company”) by its directors (the “Board”).
  • Recently, Runa became aware that the Company intended to engage in a highly dilutive equity transaction to fund its capital needs.
  • As a result, Runa is considering what further steps it may take to effect strategic change at MariaDB.
  • Runa invites discussion with MariaDB shareholders who share its concerns and are prepared to join it in requisitioning an EGM.

Renewi plc: Response to possible offer announcement by Macquarie

Retrieved on: 
Thursday, September 28, 2023

THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY FIRM OFFER MIGHT BE MADE

Key Points: 
  • THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY FIRM OFFER MIGHT BE MADE
    The Board of Renewi (the “Board”) notes the recent announcement made by Macquarie Asset Management (“Macquarie”) regarding a possible offer for the Company.
  • The Board confirms that on 25 September it received an unsolicited and highly conditional non-binding proposal from Macquarie in relation to a proposed all-cash offer of 775 pence per Renewi share.
  • The Board of Renewi strongly urges shareholders to take no action at this time.
  • For the purposes of Rule 2.5(a) of the Code, this announcement has been made without the consent of Macquarie.

Runa Capital II (GP) (“Runa”) Further statement re possible offer for MariaDB plc (“MariaDB” or the “Company”) Increased proposal to provide up to US$20 million in bridge financing

Retrieved on: 
Wednesday, September 27, 2023

Dublin, Ireland, Sept. 26, 2023 (GLOBE NEWSWIRE) --  On 15 September 2023, Runa announced that it made an all cash proposal to the directors of MariaDB (the “Board”) to acquire, together with Runa’s investment affiliates, 100% of the issued share capital of the Company not already owned by Runa, at a price of US$0.56 per share (the “Possible Offer”). In that announcement, Runa noted the impending default of the Company under its senior debt and indicated that it was prepared, as an interim measure, to extend to the Company a US$5 million bridge loan on terms to be agreed between the parties.

Key Points: 
  • The Commitment Letter and its terms will expire if not fully executed by the Company on or prior to 29 September 2023.
  • In addition, the Company will pay Runa an origination fee of 0.5% of the loan amount.
  • This announcement does not constitute an offer to sell or invitation to purchase any securities.
  • Terms in quotation marks are defined in the Irish Takeover Rules, which can be found on the Irish Takeover Panel's website.

Firmseed Announces Private Sale Event: A Game Changer in Fractional Real Estate Investing

Retrieved on: 
Monday, May 1, 2023

London, UK, May 01, 2023 (GLOBE NEWSWIRE) -- Real estate investing is on the brink of a transformation in Africa, thanks to Firmseed, a cutting-edge platform that makes fractional real estate investing accessible to everyone.

Key Points: 
  • London, UK, May 01, 2023 (GLOBE NEWSWIRE) -- Real estate investing is on the brink of a transformation in Africa, thanks to Firmseed, a cutting-edge platform that makes fractional real estate investing accessible to everyone.
  • Fractional real estate investing allows individuals to own a portion of a property, rather than the entire asset.
  • Firmseed aims to address these challenges by democratizing real estate investing through blockchain technology and fractional ownership.
  • By participating in the private sale, investors can potentially maximize their returns and contribute to the growth of real estate investing in Africa.