Revise

Zambia External Bondholder Steering Committee Statement regarding OCC stance on Comparability of Treatment

Retrieved on: 
Monday, November 20, 2023

LONDON, Nov. 20, 2023 /PRNewswire/ -- The Zambia External Bondholder Steering Committee ("the Committee") is very disappointed and deeply concerned with recent developments with regard to implementing an agreement with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.

Key Points: 
  • LONDON, Nov. 20, 2023 /PRNewswire/ -- The Zambia External Bondholder Steering Committee ("the Committee") is very disappointed and deeply concerned with recent developments with regard to implementing an agreement with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.
  • Notably both Zambia and the Committee agreed that the AIP was compatible with the targets and parameters of the Debt Sustainability Analysis embedded in the approved International Monetary Fund ("IMF") program and the Comparability of Treatment principle as agreed with its Official Creditor Committee (the "OCC"), as confirmed in the Government's press statement of 26 October.
  • It is not for official bilateral creditors to dictate debt terms to other creditors in circumstances where the Government has confirmed Comparability of Treatment.
  • The Committee continues to stand ready and willing to implement the Revised AIP, supported by the Government and the IMF, if a way can be found to obtain OCC support or otherwise proceed with the debt restructuring Zambia so urgently needs.

Zambia External Bondholder Steering Committee Statement regarding OCC stance on Comparability of Treatment

Retrieved on: 
Monday, November 20, 2023

LONDON, Nov. 20, 2023 /PRNewswire/ -- The Zambia External Bondholder Steering Committee ("the Committee") is very disappointed and deeply concerned with recent developments with regard to implementing an agreement with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.

Key Points: 
  • LONDON, Nov. 20, 2023 /PRNewswire/ -- The Zambia External Bondholder Steering Committee ("the Committee") is very disappointed and deeply concerned with recent developments with regard to implementing an agreement with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.
  • Notably both Zambia and the Committee agreed that the AIP was compatible with the targets and parameters of the Debt Sustainability Analysis embedded in the approved International Monetary Fund ("IMF") program and the Comparability of Treatment principle as agreed with its Official Creditor Committee (the "OCC"), as confirmed in the Government's press statement of 26 October.
  • It is not for official bilateral creditors to dictate debt terms to other creditors in circumstances where the Government has confirmed Comparability of Treatment.
  • The Committee continues to stand ready and willing to implement the Revised AIP, supported by the Government and the IMF, if a way can be found to obtain OCC support or otherwise proceed with the debt restructuring Zambia so urgently needs.

Coya Therapeutics, Inc. Announces Positive Results from a Proof-of-Concept Academic Clinical Study for COYA 302 in Amyotrophic Lateral Sclerosis (ALS)

Retrieved on: 
Tuesday, March 21, 2023

Following the administration of COYA 302 for 48 weeks, patients were evaluated over an 8-week washout period.

Key Points: 
  • Following the administration of COYA 302 for 48 weeks, patients were evaluated over an 8-week washout period.
  • During the 48-week treatment period, COYA 302 appeared to be well tolerated.
  • Preliminary efficacy of COYA 302 was measured by the ALSFRS-R scale, a validated rating tool for monitoring the progression of disability in patients with ALS.
  • “We plan to file an IND with the FDA in the second half of 2023 and initiate a clinical study soon thereafter,” Dr. Hepner added.

CE Brands Announces the Closing of its Secured Convertible Note Restructuring and Restructuring of the Vesta Loan Facility into Secured Notes

Retrieved on: 
Monday, January 16, 2023

CALGARY, Alberta, Jan. 16, 2023 (GLOBE NEWSWIRE) -- CE Brands Inc. (TSXV: CEBI; CEBI.WT) (“CE Brands”, “we”, “our”, or the “Company”), a data-driven consumer-electronics company, is pleased to announce it has completed its previously announced restructuring of senior secured convertible notes (the “Secured Note Restructuring”) as well as the restructuring into senior secured notes of its US$2,000,000 senior secured facility (the “Vesta Loan Facility”) granted by Vesta Global Stability Fund (“Vesta Fund”) first announced on June 23, 2022 (the “Vesta Loan Facility Restructuring”, and together with the Secured Note Restructuring, the “Secured Debt Restructuring Transactions”).

Key Points: 
  • CALGARY, Alberta, Jan. 16, 2023 (GLOBE NEWSWIRE) -- CE Brands Inc. (TSXV: CEBI; CEBI.WT) (“CE Brands”, “we”, “our”, or the “Company”), a data-driven consumer-electronics company, is pleased to announce it has completed its previously announced restructuring of senior secured convertible notes (the “Secured Note Restructuring”) as well as the restructuring into senior secured notes of its US$2,000,000 senior secured facility (the “Vesta Loan Facility”) granted by Vesta Global Stability Fund (“Vesta Fund”) first announced on June 23, 2022 (the “Vesta Loan Facility Restructuring”, and together with the Secured Note Restructuring, the “Secured Debt Restructuring Transactions”).
  • The Company believes that Vesta Loan Facility Restructuring improves the Company’s financial position as: (i) it extends the 30 day callable feature under the Vesta Loan Facility to 60 days due to the notice period under the US$2MM Note; and (ii) interest is payable semi-annually in arrears under the US$2MM Note rather than monthly in arrears under the Vesta Loan Facility.
  • The Warrants issued in connection with the Vesta Loan Facility Restructuring are subject to statutory hold periods in accordance with applicable securities legislation.
  • In such capacity, Mr. Wolk has certain discretionary control over investment decisions of Vesta and the holders of the Notes, which are investment entities managed or advised by Vesta.

Boqii Further Revises its ADS to Class A Ordinary Share Ratio and Extends the Effective Date

Retrieved on: 
Friday, May 27, 2022

Under the revised ratio, Boqii will change its ratio from one (1) ADS representing three fourths (0.75) Class A ordinary shares to one (1) ADS representing four and a half (4.5) Class A ordinary shares (the "Revised ADS Ratio Change").

Key Points: 
  • Under the revised ratio, Boqii will change its ratio from one (1) ADS representing three fourths (0.75) Class A ordinary shares to one (1) ADS representing four and a half (4.5) Class A ordinary shares (the "Revised ADS Ratio Change").
  • The Revised ADS Ratio Change is expected to become effective on or about June 3, 2022 (U.S. Eastern Time).
  • For Boqii's ADS holders, the Revised ADS Ratio Change will have the same effect as a one-for-six reverse split on the existing ADSs.
  • Each ADS holder of record at the close of business on the date when the Revised ADS Ratio Change is effective will be required to surrender and exchange every six (6) existing ADSs then held for one (1) new ADS.

Revise Raises $3.5m to Revolutionize NFTs Development for Programmers

Retrieved on: 
Sunday, May 1, 2022

Using Revise, developers may program NFTs to interact with applications and data without compromising on governance, giving developers more flexibility.

Key Points: 
  • Using Revise, developers may program NFTs to interact with applications and data without compromising on governance, giving developers more flexibility.
  • This transforms NFTs from static pictures into interactive objects that can respond to applications and actual events.
  • "As NFTs go from culture to utility, Revise aims to lower the barrier to programming NFTs.
  • Revise is an innovative rails for developing NFTs to interact with apps and data without sacrificing good governance.