Overseas Investment Amendment Act 2018

Fisker Announces Successful Closing of $170 Million Additional Convertible Notes Offering; Now Able to Offer Up to $623.3 Million Additional 0% Convertible Notes For Up to $550 Million in Gross Proceeds As a Result of Purchase Agreement Amendment

Retrieved on: 
Monday, October 2, 2023
Automotive, General Automotive, Automotive Manufacturing, EV, Electric Vehicles, Manufacturing, Alternative Vehicles, Fuels, Fisker Inc., Overseas Investment Amendment Act 2018, Purchasing, Note, Inc., NYSE, Sale, Security (finance), Fisker

The sale of the Notes to the Investor was completed, and the funds were received by Fisker, on Friday, September 29, 2023.

Key Points: 
  • The sale of the Notes to the Investor was completed, and the funds were received by Fisker, on Friday, September 29, 2023.
  • The Notes were sold pursuant to a previously announced Securities Purchase Agreement, dated July 10, 2023 (the “Original Purchase Agreement”), by and between the Company and the Investor, as amended by Amendment No.
  • 1 to the Securities Purchase Agreement, dated September 29, 2023 (the “Purchase Agreement Amendment” and, together with the Original Purchase Agreement, the “Securities Purchase Agreement”).
  • As a result of the Purchase Agreement Amendment, Fisker may now offer up to an additional $623,333,334 in aggregate principal amount of 0% senior unsecured convertible notes under the Securities Purchase Agreement, with such notes having an original issue discount of approximately 12%, resulting in additional gross proceeds of up to $550,000,000 to Fisker.

Fisker Raises Additional Growth Capital From Existing Investor; Funding Is $150 Million, With an Additional $550 Million Available

Retrieved on: 
Friday, September 29, 2023
Environment, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Automotive Manufacturing, Manufacturing, Alternative Energy, Sustainability, Energy, Fisker Inc., Purchasing, Note, Inc., TD, GT, Overseas Investment Amendment Act 2018, Andrew Downey Orrick, Fisker Alaska, NYSE, Security (finance), Fisker

1 to the Securities Purchase Agreement, dated September 29, 2023 (the “Purchase Agreement Amendment” and, together with the Original Purchase Agreement, the “Securities Purchase Agreement”).

Key Points: 
  • 1 to the Securities Purchase Agreement, dated September 29, 2023 (the “Purchase Agreement Amendment” and, together with the Original Purchase Agreement, the “Securities Purchase Agreement”).
  • The new investment round follows a previously announced convertible notes offering of $340,000,000 in aggregate principal amount in July 2023 by Fisker to the Investor.
  • This capital will enable Fisker to accelerate deliveries, expand growth, and expedite the company’s vehicle programs.
  • TD Cowen served as financial advisor to Fisker and Orrick, Herrington & Sutcliffe LLP served as legal counsel to Fisker.

Noranda Income Fund Announces Increased Purchase Price to $1.98 per Priority Unit and Support Agreements with Unitholders representing approximately 22% of Priority Units

Retrieved on: 
Thursday, February 23, 2023
Minority, Financial Stability Board, TSX, Model Business Corporation Act, Acquisition, Privatization, Trustee, Overseas Investment Amendment Act 2018, Chairperson, Trustee Act 2000, Toronto Stock Exchange, SEDAR, Arrangement, Multilateral, Security (finance), Cryptocurrency, Glencore, Fund

The increased purchase price of $1.98 per unit exceeds the top-end of this valuation range.

Key Points: 
  • The increased purchase price of $1.98 per unit exceeds the top-end of this valuation range.
  • Glencore has also entered into lock-up and support agreements (“Support Agreements”) with Riverstyx Capital Management, LM Asset Fund Limited Partnership, LM Asset Management, Daniel Lau and Doug Warwick (the “Supporting Unitholders”), who in the aggregate beneficially own or have control or direction over 8,337,691 priority units or approximately 22% of the priority units of the Fund.
  • The Arrangement, as amended, is subject to the condition that the Supporting Unitholders comply in all material respects with their obligations, covenants and agreements in their Support Agreements.
  • Fund unitholders holding their units through a broker, investment dealer or other intermediary should contact such intermediary without delay if they wish to change their voting instructions.

DGAP-News: Delivery Hero SE: Issuance of new shares in connection with existing stock option program and sale of shares for option holders by way of accelerated bookbuilding

Retrieved on: 
Monday, November 22, 2021
Frankfurt Stock Exchange, Delivery Hero, Prejudice, Sale, Securities Act of 1933, European Union, Acquisition, Forward-looking statement, Achievement, Finance, Exercise, News, Directive 2014/65/EU, Placement, DGAP, European, Financial Services and Markets Act 2000, COO, SE, Person, Urban economics, Financial services, European Parliament, EUR, CFO, Relevance (Person of Interest), United Kingdom, Terminology, Council, European Economic Area, European Union (Withdrawal) Act 2018, Overseas Investment Amendment Act 2018, Offering, II, Failure, UniCredit, Disclaimer, Security (finance), Medical device, Life insurance

0,24 % of Delivery Hero's registered share capital, will be issued to beneficiaries of the stock option program who have exercised their stock options.

Key Points: 
  • 0,24 % of Delivery Hero's registered share capital, will be issued to beneficiaries of the stock option program who have exercised their stock options.
  • The New Shares, like all other outstanding shares of Delivery Hero, will carry full dividend rights as of 1 January 2021 and be admitted to trading and included in the existing quotation for Delivery Hero's shares on the Frankfurt Stock Exchange.
  • Delivery of the New Shares to institutional investors is expected for 26 November 2021.
  • In connection with the transaction described above (the 'Placement'), UniCredit Bank AG is acting exclusively for Delivery Hero SE.