A (Cyrillic)

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.

Better Home & Finance Announces Closing of Business Combination

Retrieved on: 
Wednesday, August 23, 2023

Better HoldCo, Inc. (“Better”) and Aurora Acquisition Corp., a special purpose acquisition company (“Aurora”), today announced the closing of the previously announced business combination that results in the creation of Better Home & Finance Holding Company (“Better Home & Finance”), a publicly traded company with Class A common stock and warrants to be listed on the Nasdaq Global Market and the Nasdaq Capital Market, respectively, under the ticker symbols “BETR” and “BETRW.” Better Home & Finance expects trading to commence on August 24, 2023.

Key Points: 
  • Better HoldCo, Inc. (“Better”) and Aurora Acquisition Corp., a special purpose acquisition company (“Aurora”), today announced the closing of the previously announced business combination that results in the creation of Better Home & Finance Holding Company (“Better Home & Finance”), a publicly traded company with Class A common stock and warrants to be listed on the Nasdaq Global Market and the Nasdaq Capital Market, respectively, under the ticker symbols “BETR” and “BETRW.” Better Home & Finance expects trading to commence on August 24, 2023.
  • “Since day one, we set out on a mission to create better solutions for one of life’s most important investments.
  • While this is a time for celebration, our journey is far from complete,” said Vishal Garg, CEO & Founder of Better and CEO and Director of Better Home & Finance.
  • The additional capital from the business combination will allow Better to continue investing in Tinman, propel the platform as a key driver behind Better’s short and long term growth and position Better for long term success across cycles.

Ingersoll Rand Publishes 2022 Sustainability Report

Retrieved on: 
Monday, July 17, 2023

Ingersoll Rand Inc. (NYSE:IR) published its 2022 Sustainability Report, “Progress Powered by Sustainable Performance” on July 14, 2023, detailing how the company’s sustainability strategy drives two clear and compelling growth paths: advancing customers’ sustainability goals with innovative products and services, as well as supporting customers in high-growth, sustainable end markets through existing products and new product innovation.

Key Points: 
  • Ingersoll Rand Inc. (NYSE:IR) published its 2022 Sustainability Report, “Progress Powered by Sustainable Performance” on July 14, 2023, detailing how the company’s sustainability strategy drives two clear and compelling growth paths: advancing customers’ sustainability goals with innovative products and services, as well as supporting customers in high-growth, sustainable end markets through existing products and new product innovation.
  • The report also focuses on the significant sustainability improvements within its own operations.
  • In addition, this report highlights the seamless integration of Ingersoll Rand’s Lead Sustainably strategic imperative, one of its five core imperatives alongside Deploy Talent, Accelerate Growth, Expand Margins, and Allocate Capital Effectively, into all its other strategies.
  • “Lead Sustainably is a key strategic imperative integrated throughout the company to help make life better for our employees, customers, shareholders, and our planet,” said Vicente Reynal, chairman, president and chief executive officer of Ingersoll Rand.

Dada Publishes 2022 ESG Report

Retrieved on: 
Wednesday, May 31, 2023

SHANGHAI, China, May 31, 2023 (GLOBE NEWSWIRE) -- Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA), China’s leading local on-demand delivery and retail platform, today released its 2022 ESG report.

Key Points: 
  • SHANGHAI, China, May 31, 2023 (GLOBE NEWSWIRE) -- Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA), China’s leading local on-demand delivery and retail platform, today released its 2022 ESG report.
  • In 2022, Dada remained steadfast in its commitment to delivering a sustainable future.
  • The report details Dada’s key initiatives and development in ESG efforts surrounding shareholders, employees, users, partners, and community.
  • To view the report in full, please visit the ESG section on the Company’s IR website at https://ir.imdada.cn/corporate/environmental-social-and-governance .

What does a king actually do?

Retrieved on: 
Thursday, May 4, 2023

This weekend’s coronation ceremony formally invests the monarch with their regnal powers – but King Charles III has been doing the job since he was proclaimed king in September 2022.

Key Points: 
  • This weekend’s coronation ceremony formally invests the monarch with their regnal powers – but King Charles III has been doing the job since he was proclaimed king in September 2022.
  • So what does a monarch actually do?

Roles and responsibilities

    • The monarch’s position description, so to speak, includes the roles of head of state, head of nation, head of the Church of England, head of the Armed Forces, and head of the Commonwealth.
    • These are largely ceremonial and symbolic roles – the king does not intervene in the day-to-day running of these institutions.
    • Upon election, the prime minister meets with the king, who formally invites them to form a government.
    • The king’s parliamentary roles are largely ceremonial, with one exception.
    • In addition to these roles, the king also holds various royal patronages.

Senior royals and Counsellors of State

    • Traditionally, the senior royals comprise the monarch’s consort, the heir and the heir’s spouse and children, and other children and their spouses.
    • However, the current list of senior royals includes the king’s brother, Prince Edward, and his wife, Countess Sophie, and the king’s sister, Princess Anne.
    • The Duke and Duchess of Sussex (aka Harry and Meghan) famously resigned from their role as senior royals in early 2020.
    • This meant that following the ascension of King Charles, the Counsellors of State were Queen Camilla, Prince William, Prince Harry, Prince Andrew, and Princess Beatrice.

Questioning the monarchy today

    • The monarch’s various duties may be largely symbolic, but symbols are powerful articulations of particular values, relationships, and histories.
    • It is important for the various nations of the Commonwealth to reflect on their symbols and institutions as they look toward their futures.

Endeavour Silver Announces Construction Decision for the Terronera Project in Jalisco State, Mexico; Executes Commitment Letter for Senior Secured Debt Facility of $120 Million

Retrieved on: 
Tuesday, April 18, 2023

Additional activities include onsite delivery of mobile mining equipment, assembly of initial project infrastructure and advanced earthworks with commencement of underground mine access development.

Key Points: 
  • Additional activities include onsite delivery of mobile mining equipment, assembly of initial project infrastructure and advanced earthworks with commencement of underground mine access development.
  • The Company has entered into a Commitment Letter with Societe Generale and ING Bank N.V. with certain definitive terms agreed to for a senior secured debt facility for up to $120 million (the “Debt Facility”).
  • “We are very pleased with the financial commitments that Societe Generale and ING have made towards the development of the Terronera Project.
  • Technical, environmental, and social due diligence has been completed by Societe Generale and ING to issue their Commitment Letter.

EQS-News: Adler Group S.A.: Amendment of lock-up agreement, commitment letters and reopening of new money participation

Retrieved on: 
Wednesday, February 22, 2023

Following its announcement on 25 November 2022, Adler Group has reopened and again invited all holders of the SUNs to participate in the committed new money funding (the “New Money Funding”).

Key Points: 
  • Following its announcement on 25 November 2022, Adler Group has reopened and again invited all holders of the SUNs to participate in the committed new money funding (the “New Money Funding”).
  • The Amended Commitment Letters and the Amended Lock-up Agreement will also provide Adler Group additional time to find an auditor to prepare its relevant audited consolidated financial statements.
  • In addition, Adler Group has agreed to issue new shares which will be transferred to the participating noteholders in the New Money Funding around closing of the New Money Funding.
  • The Amended Commitment Letters allow additional holders of the SUNs which are qualified investors under applicable regulations to commit financing to Adler Group and certain of its subsidiaries, and become lenders under the New Money Funding.

Better Launches One Day Mortgage(™) to Revolutionize Home Buying Experience for Americans

Retrieved on: 
Wednesday, January 25, 2023

Better quietly launched the One Day Mortgage program in beta in the second week of January to a small segment of its customers.

Key Points: 
  • Better quietly launched the One Day Mortgage program in beta in the second week of January to a small segment of its customers.
  • Better has already processed over $50 MM in One Day Mortgage commitments, with customers receiving a Commitment Letter in an average of 12 hours.
  • Buying a home is the biggest purchase most Americans will ever make, and as a result the experience can create high levels of stress and anxiety.
  • One Day Mortgage lets qualified customers receive a conditional underwriting decision within 24 hours of rate lock, which does not guarantee final underwriting approval.