Transfer

EQS-News: MARKET STUDY: PROPERTY CRISIS? IN MALLORCA, PRICES CONTINUE TO RISE - LUXURY PROPERTIES INCREASED IN PRICE BY 13 PER CENT IN 2023 AND BECAME MORE SCARCE

Retrieved on: 
Wednesday, March 13, 2024

The luxury segment remains the price driver with an increase of 13 per cent.

Key Points: 
  • The luxury segment remains the price driver with an increase of 13 per cent.
  • In the luxury segment, the market is almost empty and experts do not see an end to the price increases.
  • CRES therefore expects property prices to continue to rise in the low single-digit percentage range in the coming years.
  • Porta Mallorquina Real Estate presents the 10th edition of the annual market study "Holiday Property Market Mallorca".

KPMG LLP Secures New Transfer Pricing Patent Within AI-Powered Tool

Retrieved on: 
Wednesday, February 21, 2024

KPMG LLP, the audit, tax and advisory firm, is using its newly awarded US Patent No.

Key Points: 
  • KPMG LLP, the audit, tax and advisory firm, is using its newly awarded US Patent No.
  • 11,720,842, "System and Method for Identifying Comparables" (the '842 Patent), together with artificial intelligence (AI), to help companies remain compliant and ultimately protect them from potential tax audits.
  • Transfer pricing benchmarking is a critical step in helping MNEs comply with transfer pricing rules and regulations - one that includes the review of hundreds of business descriptions and financial statements to compile a list of companies with comparable sets of data.
  • The KPMG patent enhances this historically tedious and error-prone process by leveraging AI to automate and mine the data, reducing the number of discrepancies, tax authority audits, controversies and potential fines.

Globalink Investment Inc. Announces Extension of the Deadline to Complete a Business Combination to April 9, 2024

Retrieved on: 
Monday, March 11, 2024

New York, NY, March 11, 2024 (GLOBE NEWSWIRE) -- Globalink Investment Inc. (Nasdaq: GLLI, GLLIW, GLLIR, GLLIU) (“Globalink” or the “Company”), a special purpose acquisition company, announced today that on March 8, 2024, it caused to be deposited $60,000 (the “Extension Payment”) into its trust account (the “Trust Account”) with Continental Stock Transfer and Trust Company (“Continental”) to extend the deadline to complete its initial business combination from March 9, 2024 to April 9, 2024.

Key Points: 
  • New York, NY, March 11, 2024 (GLOBE NEWSWIRE) -- Globalink Investment Inc. (Nasdaq: GLLI, GLLIW, GLLIR, GLLIU) (“Globalink” or the “Company”), a special purpose acquisition company, announced today that on March 8, 2024, it caused to be deposited $60,000 (the “Extension Payment”) into its trust account (the “Trust Account”) with Continental Stock Transfer and Trust Company (“Continental”) to extend the deadline to complete its initial business combination from March 9, 2024 to April 9, 2024.
  • The extension is the ninth extension since the consummation of the Company’s initial public offering on December 9, 2021, and the fourth of twelve extensions permitted under the Company’s governing documents currently in effect.

Better Choice Company To Effectuate a Reverse Stock Split

Retrieved on: 
Friday, March 8, 2024

TAMPA, Fla., March 08, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, announced today that it will proceed with a 1-for-44 reverse stock split (the “Reverse Split”) of its issued and outstanding shares of common stock, par value $0.001, following authorization by its Board of Directors and majority shareholders to effect a reverse stock split by a ratio of not less than 1-for-25 and not more than 1-for-45 (the “Reverse Split Range”), at any time on or before March 31, 2024, with the Board having the discretion as to whether or not the Reverse Split is to be effected, and the exact ratio to be set at a whole number within the Reverse Split Range.

Key Points: 
  • TAMPA, Fla., March 08, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, announced today that it will proceed with a 1-for-44 reverse stock split (the “Reverse Split”) of its issued and outstanding shares of common stock, par value $0.001, following authorization by its Board of Directors and majority shareholders to effect a reverse stock split by a ratio of not less than 1-for-25 and not more than 1-for-45 (the “Reverse Split Range”), at any time on or before March 31, 2024, with the Board having the discretion as to whether or not the Reverse Split is to be effected, and the exact ratio to be set at a whole number within the Reverse Split Range.
  • The Reverse Split will be effective on March 20, 2024 and will begin trading on a post-split basis at the market open on March 21, 2024.
  • The Company will issue one whole share of common stock to any stockholder who would have been entitled to receive a fractional share of common stock due to the Reverse Split.
  • Each holder of common stock will hold the same percentage of the outstanding common stock immediately following the Reverse Split as that stockholder did immediately before the Reverse Split, except for adjustments due to the additional net share fraction that will need to be issued as a result of the treatment of fractional shares.

Empire Petroleum Announces Commencement of Previously Announced Rights Offering

Retrieved on: 
Friday, March 8, 2024

TULSA, Okla., March 07, 2024 (GLOBE NEWSWIRE) -- Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has commenced its previously announced subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $25.0 million.

Key Points: 
  • TULSA, Okla., March 07, 2024 (GLOBE NEWSWIRE) -- Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has commenced its previously announced subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $25.0 million.
  • In addition, holders of subscription rights who fully exercise their subscription rights are entitled to over-subscribe for additional shares of Common Stock, subject to proration.
  • Holders of subscription rights who hold their shares directly will receive a prospectus, a prospectus supplement, a letter from Empire describing the Rights Offering, and a subscription rights certificate.
  • Those holders who intend to exercise their subscription rights and over-subscription rights should review all of these materials, properly complete and execute the subscription rights certificates, and deliver the subscription rights certificates and full payment to Securities Transfer Corporation, the subscription agent for the Rights Offering, at the address set forth in the prospectus supplement.

Minnesota Myth of the AFL Signs Merchandising Deal with HUMBL Authentics

Retrieved on: 
Thursday, March 7, 2024

San Diego, California, March 07, 2024 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC: HMBL) and HUMBL Authentics announced today that it has signed an agreement with the Minnesota Myth of the Arena Football League (AFL).

Key Points: 
  • San Diego, California, March 07, 2024 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC: HMBL) and HUMBL Authentics announced today that it has signed an agreement with the Minnesota Myth of the Arena Football League (AFL).
  • HUMBL Authentics provides unique technology solutions in areas that provide increased merchandise authenticity and transparency throughout the lifespan of the item.
  • I appreciate all the work that HUMBL has accomplished to make this a reality,” said Diana Hutton, President and Owner of the Minnesota Myth.
  • We are proud to work with the Minnesota Myth to do so,” said Brian Foote, CEO of HUMBL.

Energy Transfer/Sunoco Foundation Awards Grant to North Texas Food Bank to Address Hunger

Retrieved on: 
Thursday, March 7, 2024

Dallas, TX, March 07, 2024 (GLOBE NEWSWIRE) -- The North Texas Food Bank (NTFB) announced today that the Energy Transfer/Sunoco Foundation provided a $200,000 grant to help the organization meet the growing demand for food assistance.

Key Points: 
  • Dallas, TX, March 07, 2024 (GLOBE NEWSWIRE) -- The North Texas Food Bank (NTFB) announced today that the Energy Transfer/Sunoco Foundation provided a $200,000 grant to help the organization meet the growing demand for food assistance.
  • The funds will enable the NTFB to provide 600,000 meals to North Texas residents experiencing hunger.
  • “Through their gift, the Energy Transfer/Sunoco Foundation has shown a shared dedication and passion in providing nourishment and hope for our neighbors facing hunger,” said Trisha Cunningham, North Texas Food Bank president and CEO.
  • “We are proud to partner with the North Texas Food Bank to help address the critical issue of hunger in North Texas,” said Chris Curia, Executive Vice President and Chief Human Resource Officer for Energy Transfer.

Edify Acquisition Corp. to Liquidate

Retrieved on: 
Thursday, March 7, 2024

The Company will redeem all of the outstanding public shares of common stock (the “Public Shares”) at an expected per-share redemption price of approximately $10.61.

Key Points: 
  • The Company will redeem all of the outstanding public shares of common stock (the “Public Shares”) at an expected per-share redemption price of approximately $10.61.
  • In order to provide for the disbursement of funds from the trust account, the Company has instructed the trustee of the trust account to take all necessary actions to liquidate the securities held in the trust account.
  • The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares.
  • The Company expects that NASDAQ will file a Form 25 with the SEC to delist the Company’s securities.

Lytus Technologies Enters $326 Billion Data Center Market with Launch of Cutting-Edge Lytus Cloud Infrastructure Services

Retrieved on: 
Wednesday, March 6, 2024

Ltd. (the “Company”) (Nasdaq:LYT), a leading global technology-driven services company, today announced the launch of Lytus Cloud, a cutting-edge suite of cloud infrastructure services with robust management capabilities.

Key Points: 
  • Ltd. (the “Company”) (Nasdaq:LYT), a leading global technology-driven services company, today announced the launch of Lytus Cloud, a cutting-edge suite of cloud infrastructure services with robust management capabilities.
  • Leveraging the Company’s in-house technological expertise and one of the most popular open-source cloud management platforms, Lytus Cloud is designed to meet the escalating demands of enterprise computing, tapping into the expansive US$325.9 billion global data center market (Statista) .
  • By offering a diverse array of cloud solutions, Lytus Technologies is set to provide a compelling alternative to traditional hyperscale cloud providers.
  • The introduction of Lytus Cloud is expected to catalyze growth across all Lytus Technologies' offerings, reducing cloud-related expenses and powering the deployment of state-of-the-art products and services.

Freddie Mac Announces $120 Million Non-Performing Loan Sale

Retrieved on: 
Wednesday, March 6, 2024

MCLEAN, Va., March 06, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today it will offer approximately $120 million in non-performing loans (NPL) for sale via auction.

Key Points: 
  • MCLEAN, Va., March 06, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today it will offer approximately $120 million in non-performing loans (NPL) for sale via auction.
  • Advisors to Freddie Mac on the transaction are BofA Securities, Inc. and First Financial Network, Inc., a woman-owned business.
  • Freddie Mac’s seasoned loan offerings focus on reducing less-liquid assets in the company’s mortgage-related investments portfolio in an economically sensible way.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.