Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.

Safe Supply and Origin Therapeutics Announce Signing of Definitive Agreement

Retrieved on:

Wednesday, August 2, 2023

Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., CSE, Canadian Securities Exchange, Canada Business Corporations Act, Model Business Corporation Act, ORIG, CBCA, Respiratory exchange ratio, Transaction, Name, Consolidation, Security (finance)

Vancouver, British Columbia--(Newsfile Corp. - August 2, 2023) - Safe Supply Streaming Co. Ltd. ("Safe Supply") and Origin Therapeutics Holdings Inc. (CSE: ORIG) ("Origin") are pleased to announce that they have entered into a definitive agreement (the "Definitive Agreement") to carry out the business combination transaction (the "Transaction") previously announced by Origin on January 31, 2023 , which is expected to result in the listing of the shares (the "Resulting Issuer Shares") of the issuer that will exist upon completion of the Transaction (the "Resulting Issuer") on the Canadian Securities Exchange (the "CSE").

Key Points:

Vancouver, British Columbia--(Newsfile Corp. - August 2, 2023) - Safe Supply Streaming Co. Ltd. ("Safe Supply") and Origin Therapeutics Holdings Inc. (CSE: ORIG) ("Origin") are pleased to announce that they have entered into a definitive agreement (the "Definitive Agreement") to carry out the business combination transaction (the "Transaction") previously announced by Origin on January 31, 2023 , which is expected to result in the listing of the shares (the "Resulting Issuer Shares") of the issuer that will exist upon completion of the Transaction (the "Resulting Issuer") on the Canadian Securities Exchange (the "CSE").
The Definitive Agreement was executed among Safe Supply, Origin and the Origin Subco Limited, a wholly-owned subsidiary of Origin incorporated under the Canada Business Corporations Act (the "CBCA").
The Definitive Agreement provides for, among other things, the triangular amalgamation pursuant to which: (i) Safe Supply will amalgamate with Origin Subco Limited under the CBCA to form one corporation ("Amalco"); and (ii) the securityholders of Safe Supply will receive Resulting Issuer Shares in exchange for securities of Safe Supply on a one-for-one basis (the "Exchange Ratio"), subject to adjustment for a Consolidation (as defined below), all in the manner contemplated by, and pursuant to, the terms and conditions of the Definitive Agreement.
In connection with the Transaction, among other things, Origin will (i) complete a consolidation of its common shares (the "Origin Shares") on the basis of one (1) new Origin Share for four (4) old Origin Shares (the "Consolidation"); (ii) continue from the provincial jurisdiction of the Business Corporations Act (British Columbia) to the federal jurisdiction of the Canada Business Corporations Act (the "Continuance"), and concurrently (iii) change its name to "Safe Supply Streaming Co Ltd.", or such other name as may be agreed (the "Name Change").

Silgan Declares Quarterly Dividend

Retrieved on:

Tuesday, August 1, 2023

Packaging, Manufacturing, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Food, NYSE, Silgan Holdings

Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that its Board of Directors declared a quarterly cash dividend on its common stock.

Key Points:

Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that its Board of Directors declared a quarterly cash dividend on its common stock.
The Board of Directors approved an $0.18 per share quarterly cash dividend payable on September 15, 2023 to the holders of record of common stock of the Company on September 1, 2023.
With this dividend payment, the Company will have paid a quarterly cash dividend on its common stock, which it has increased every year, for seventy-eight consecutive quarters since 2004.
Silgan is a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products with annual net sales of approximately $6.4 billion in 2022.

Safe Supply Streaming Co. Closes Strategic Private Placement

Retrieved on:

Tuesday, August 1, 2023

Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Indian stock exchange, CSE, Canadian Securities Exchange, Narcotic, RCC, Sale, Agent, Investment, Offering, Business broker, Fentanyl, Drug, Security (finance)

Vancouver, British Columbia--(Newsfile Corp. - August 1, 2023) - Safe Supply Streaming Co. Ltd .

Key Points:

Vancouver, British Columbia--(Newsfile Corp. - August 1, 2023) - Safe Supply Streaming Co. Ltd .
The Company intends to use net proceeds from the Offering for general corporate purposes and to make investments into the emerging Safe Supply ecosystem tackling the system illicit drug problem worldwide .
Safe Supply is paving the way for the third wave of de-scheduling in Canada, with a global focus on addressing harm reduction and addiction treatment.
Safe Supply is proud to stand at the forefront of change, aiming to shape a brighter future for communities across the globe.

Knight-Swift Transportation Holdings Inc. Announces Appointment of Amy Boerger to Board of Directors and Quarterly Cash Dividend

Retrieved on:

Monday, July 31, 2023

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (the "Company" or "Knight-Swift") announced today that Amy Boerger was appointed to Knight-Swift's Board of Directors (the "Board") effective as of August 1, 2023.

Key Points:

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (the "Company" or "Knight-Swift") announced today that Amy Boerger was appointed to Knight-Swift's Board of Directors (the "Board") effective as of August 1, 2023.
Ms. Boerger was appointed to the Audit Committee and the Nominating and Corporate Governance Committee of the Board.
Ms. Boerger, 60, served as Vice President and General Manager at Cummins Inc. until her retirement in March 2023.
Knight-Swift announced today that the Board has declared the Company’s quarterly cash dividend of $0.14 per share of common stock.

illumin Announces Substantial Issuer Bid and Provides Second Quarter Guidance

Retrieved on:

Wednesday, July 26, 2023

Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Canaccord Genuity, Toronto Stock Exchange, Bank statement, Eastern Time Zone, Accounting, Corporation, Acquisition, TSX, Depreciation, Letter, TIME, Hand, Asset, News, Cryptocurrency, Auction, Security (finance)

TORONTO and NEW YORK, July 26, 2023 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX:ILLM, Nasdaq:ILLM) (“illumin” or the “Corporation”) today announces its launch of a substantial issuer bid and intention to delist from The Nasdaq Stock Market (“Nasdaq").

Key Points:

TORONTO and NEW YORK, July 26, 2023 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX:ILLM, Nasdaq:ILLM) (“illumin” or the “Corporation”) today announces its launch of a substantial issuer bid and intention to delist from The Nasdaq Stock Market (“Nasdaq").
As a result of the fact that the substantial issuer bid will be outstanding following the end of the fiscal quarter ending June 30, 2023 but prior to the public release of the financial results for that period, the Corporation is also providing guidance with respect to its second quarter financial results.
The Corporation’s board of directors has authorized a substantial issuer bid (the “Offer”) to purchase for cancellation up to 15,810,276 of its common shares (“Shares”) for an aggregate purchase price not to exceed Cdn$40,000,000.
A complete description of the terms and conditions of the Offer will be contained in the offer to purchase, the issuer bid circular, and related documents.

Herc Holdings Reports Strong Second Quarter 2023 Results and Reaffirms Full-Year 2023 Guidance

Retrieved on:

Tuesday, July 25, 2023

Trucking, Transport, Other Construction & Property, Manufacturing, Construction & Property, Machinery, Growth, Borrowing base, NYSE, Maintenance, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., EBITDA, Acquisition, Depreciation, HRI, Video game, Insurance, Bank

Herc Holdings Inc. (NYSE: HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended June 30, 2023.

Key Points:

Herc Holdings Inc. (NYSE: HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended June 30, 2023.
Equipment rental revenue was $702 million and total revenues were $802 million in the second quarter of 2023, compared to $605 million and $640 million, respectively, for the same period last year.
“Our non-residential and industrial markets are healthy and growing with outsized opportunities coming from federally funded, large-scale infrastructure and mega projects.
The effective tax rate was 20% in the first half of 2023 compared to 21% in the prior-year period.

Kinetik Announces Second Quarter Dividend and Financial Results Timing

Retrieved on:

Thursday, July 20, 2023

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the second quarter ended June 30, 2023.

Key Points:

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the second quarter ended June 30, 2023.
Kinetik will host its second quarter 2023 results conference call on Tuesday, August 8, 2023 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss second quarter results.
Kinetik previously implemented a Dividend Reinvestment Plan (the “DRIP” or the “Plan”) open to all shareholders.
Shareholders who own common stock through a broker should consult their broker regarding participation in the Plan.

Enthusiast Gaming Announces Shareholder Meeting Voting Results

Retrieved on:

Friday, June 30, 2023

TSX, Enthusiast Gaming, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., EGLX, AGM, Enthusiasm, Special, Holding company, Video game

TORONTO, June 30, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX) (TSX:EGLX), an independent gaming media and entertainment company, is pleased to announce the voting results for the election of its Board of Directors (the “Board”), which took place at the Company's Annual General and Special Meeting of Shareholders (“AGM”) held today, June 30, 2023.

Key Points:

TORONTO, June 30, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX) (TSX:EGLX), an independent gaming media and entertainment company, is pleased to announce the voting results for the election of its Board of Directors (the “Board”), which took place at the Company's Annual General and Special Meeting of Shareholders (“AGM”) held today, June 30, 2023.
All nominees as set forth in the Company’s management information circular dated May 30, 2023 (the “Circular”) were elected as directors of Enthusiast Gaming at the AGM.
Detailed results of the votes are set out below:

InspireSemi Announces Closing of Second Tranche of Private Placement and Amendment to Loan Agreement

Retrieved on:

Wednesday, June 28, 2023

Unit, Minority, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., TSX Venture Exchange, MI, Private placement, Private, Placement, Loan agreement, Creditor, Loan, Amendment, Security (finance)

Total proceeds raised as part of the second tranche of the Private Placement were C$1,537,000.

Key Points:

Total proceeds raised as part of the second tranche of the Private Placement were C$1,537,000.
All securities issued pursuant to the closing of the second tranche of the Private Placement are subject to resale restrictions pursuant to applicable securities law requirements until October 29, 2023.
Pursuant to the Amendment the existing loans made under the Loan Agreement now have the same terms as the securities issued in the Private Placement, such that the lenders under the Loan Agreement have been issued Units.
Following the completion of the Amendment no further funds are available to the Company pursuant to the Loan Agreement.

EAT & BEYOND ANNOUNCES SIGNING OF AGREEMENT FOR ACQUISITION OF 50% OF GOLDBLOOM ENTERPRISES INC.

Retrieved on:

Wednesday, June 21, 2023

Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., NOT, CSE, FOR, Canadian Securities Exchange, FSE, Warrant, Goldbloom, Acquisition, Eating, Transaction, Security (finance)

VANCOUVER, BC, June 21, 2023 (GLOBE NEWSWIRE) -- Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) (“Eat & Beyond” or the “Company”), an investment issuer focused on the global plant-based and alternative protein sector, is pleased to announce that the Company has entered into a securities exchange agreement dated June 20, 2023 (the “Definitive Agreement”), which sets out the terms and conditions for the acquisition by the Company of 50% of the issued and outstanding shares and 100% of the outstanding warrants in the capital of Goldbloom Enterprises Inc. (“Goldbloom”) in exchange for securities of Eat & Beyond (the “Transaction”).

Key Points:

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC, June 21, 2023 (GLOBE NEWSWIRE) -- Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) (“Eat & Beyond” or the “Company”), an investment issuer focused on the global plant-based and alternative protein sector, is pleased to announce that the Company has entered into a securities exchange agreement dated June 20, 2023 (the “Definitive Agreement”), which sets out the terms and conditions for the acquisition by the Company of 50% of the issued and outstanding shares and 100% of the outstanding warrants in the capital of Goldbloom Enterprises Inc. (“Goldbloom”) in exchange for securities of Eat & Beyond (the “Transaction”).
The Transaction is an arms-length transaction and no change in management or the Board of Directors of Eat & Beyond is being contemplated at this time.
The Definitive Agreement contemplates other material conditions precedent to the closing of the Transaction, including, compliance with all applicable regulatory requirements and receipt of all necessary regulatory, corporate, third-party, board and shareholder approvals being obtained, including the approval of the Canadian Securities Exchange.
There can be no assurance that the Transaction will be completed as proposed, or at all.