Convertible

Li-Cycle Announces $75 Million Strategic Investment from Glencore

Retrieved on: 
Tuesday, March 12, 2024
Other Manufacturing, Environment, Technology, Sustainability, Alternative Energy, Manufacturing, Green Technology, Energy, Batteries, Recycling, Exercise, Convertible, Sale, Bank statement, Investment, Marketing, Transaction, PIK, Audit committee, Committee, Partnership, Minority, LON, VWAP, Multilateral, Person, GC, Date, Annual report, 8-K, Hub, Nickel, Ontario Securities Commission, Cobalt, Redemption, Security (finance)

Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process.

Key Points: 
  • Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process.
  • The SC engaged Moelis & Company LLC, a leading global investment bank (“Moelis”), as its financial advisor and placement agent.
  • As part of the partnership, Glencore previously made a $200 million investment in Li-Cycle in June 2022 through the purchase of a convertible note (the “Existing Note”).
  • The Glencore investment will result in Glencore purchasing from the Company a senior secured convertible note in the aggregate principal amount of $75 million.

Coinbase Announces Proposed Private Offering of $1.0 Billion of Convertible Senior Notes Due 2030

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Blockchain, Technology, Cryptocurrency, Finance, Electronic Commerce, Banking, Exercise, Sale, Observation, Public expenditure, Convertible, Investment, Note, Debt-to-GDP ratio, Person, Security (finance)

Coinbase also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $150.0 million principal amount of notes solely to cover over-allotments.

Key Points: 
  • Coinbase also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $150.0 million principal amount of notes solely to cover over-allotments.
  • The notes will be senior, unsecured obligations of Coinbase, will accrue interest payable semi-annually in arrears and will mature on April 1, 2030, unless earlier repurchased, redeemed or converted.
  • The notes will be convertible into cash, shares of Coinbase’s Class A common stock, or a combination thereof, at Coinbase’s election.
  • The interest rate, initial conversion rate, and other terms of the notes are to be determined upon pricing of the offering.

Medcura Closes $22.4 Million Financing to Accelerate Development of Surgical Hemostatic Gel and Surgical Hemostasis Portfolio

Retrieved on: 
Wednesday, April 3, 2024
Textile, Powder, Paralysis, Trauma, Neurosurgery, Surgeon, Publication, Bleeding, Safety, Innovation system, Convertible, FDA, Economics, Pharmaceutical industry

The Company intends to use the proceeds from this Offering to accelerate the development of its lead surgical product, LifeGel™ Absorbable Hemostatic Gel.

Key Points: 
  • The Company intends to use the proceeds from this Offering to accelerate the development of its lead surgical product, LifeGel™ Absorbable Hemostatic Gel.
  • Current hemostatic agents swell and can cause neurological issues, including paralysis, when used in confined spaces routinely addressed in spinal surgery.
  • Medcura's Chief Executive Officer Jim Buck stated, "We remain highly encouraged by the continued momentum and pace of successes around our Life™ platform of innovative surgical hemostatic agents.
  • Our new and existing investor partners understand, and are aligned with, the Company's strategy to seismically transform the $2.8 billion worldwide biosurgery market for hemostatic agents.

BEST Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, March 27, 2024
Research, Administration, American depositary receipt, SG&A, ADS, Investment, Compensation, SBC, Debt-to-GDP ratio, Share repurchase, Net income, Convertible

Cost of Revenue for Supply Chain Management was RMB1,700.5 million (US$239.5 million), or 91.5% of revenue in 2023.

Key Points: 
  • Cost of Revenue for Supply Chain Management was RMB1,700.5 million (US$239.5 million), or 91.5% of revenue in 2023.
  • Cost of Revenue for Global was RMB1,131.5 million (US$159.4 million), or 119.5% of revenue in 2023.
  • Non-GAAP Net Loss from continuing operations in 2023 was RMB765.6 million (US$107.8 million), compared to RMB1,380.4 million in 2022.
  • Adjusted EBITDA from continuing operations in 2023 was negative RMB613.7 million (US$86.4 million), compared to negative RMB1,181.8 million in 2022.

LiqTech International Announces Financial Results for Fourth Quarter and Full Year 2023

Retrieved on: 
Thursday, March 21, 2024
MEG, Growth, Swimming, Convertible, COVID-19, DPF, Sale, Expense, O&G, Investment, Water, Depreciation

BALLERUP, Denmark, March 21, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced its financial results for the fourth quarter and fiscal year 2023 for the period ended December 31, 2023.

Key Points: 
  • BALLERUP, Denmark, March 21, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced its financial results for the fourth quarter and fiscal year 2023 for the period ended December 31, 2023.
  • Received order for the first U.S.-based oil & gas produced water order as part of new distribution agreement with Razorback Direct.
  • New orders for DPFs have increased 11% in the first quarter of 2024 compared to the same period in 2023.
  • The Company expects revenue in the first quarter of 2024 to be between $4.1 million and $4.3 million.

Great Eagle Gold Corp. Announces Kate Fehlenberg to Board of Directors and Corporate Developments

Retrieved on: 
Wednesday, February 28, 2024
Forced displacement, Master of Science, Acquisition, MIC, Samford University, Mining, Sustainability, Strategic planning, Marketing, Promissory note, Purchasing, ESG, Climate change, Communication, Advertising, FHI360, Gold, Environmental science, Convertible, Family medicine, Sustainable development, GIS, Columbia University, Bill, Gender, CGIAR, Public, Renewable energy

The Company is thrilled to welcome Kate Fehlenberg, MPH, M.S., to its Board of Directors.

Key Points: 
  • The Company is thrilled to welcome Kate Fehlenberg, MPH, M.S., to its Board of Directors.
  • Chris Hansen, Chairman of Great Eagle Gold, enthusiastically welcomed Kate to the board, remarking, "Kate's illustrious career, marked by her unwavering commitment to tackling the globe's most critical environmental and sustainability challenges, positions her as an indispensable asset to our board.
  • Her visionary leadership and innovative approach are exactly what we need as we propel Great Eagle into the forefront of the ESG-conscious gold mining era.
  • However, the parties have amended the terms of their agreement for the acquisition of Great Eagle Gold S.A.S.

Cielo Announces Closing of First Tranche of Private Placement of Convertible Debenture Units

Retrieved on: 
Monday, March 11, 2024
Issue date, Exchange, Finance Secretary (India), Debenture, Principal, Debt, News, Finder, Sale, Calendar, Private, Carbon, Indian stock exchange, Convertible, Placement, Conversion, Private placement, Convertible bond, Forced conversion, NEWS, Acceleration, CMC, Security (finance)

CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce the closing of the first tranche (“Tranche 1”) of its previously announced non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of C $1,000 per Convertible Debenture Unit for aggregate gross proceeds of up to C $5,000,000 (the "Private Placement"). The Company anticipates that it will close subsequent tranches of the Private Placement in the coming weeks.

Key Points: 
  • CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce the closing of the first tranche (“Tranche 1”) of its previously announced non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of C $1,000 per Convertible Debenture Unit for aggregate gross proceeds of up to C $5,000,000 (the "Private Placement").
  • The Company anticipates that it will close subsequent tranches of the Private Placement in the coming weeks.
  • “The closing of this first tranche of our Private Placement represents a great start to reaching the targeted proceeds,” said Ryan Jackson, Cielo’s CEO.
  • Pursuant to the closing Tranche 1, the Company issued 560 Convertible Debenture Units for gross proceeds of C $560,000, consisting of 560 Convertible Debentures and 1,400,000 Warrants.

Dyadic Announces Closing of Private Placement of $6.0 Million Convertible Notes to Accelerate Near-Term Revenue Growth and Commercialization

Retrieved on: 
Monday, March 11, 2024
Senior, Finance Secretary (India), Note, C1, Common stock, Growth, Sale, Common, Form, Health, Convertible, Clinical trial, Human, VWAP, Security (finance)

The Convertible Notes will be senior, secured obligations of Dyadic and its affiliates, and interest will be payable quarterly in cash on the principal amount equal to 8% per annum.

Key Points: 
  • The Convertible Notes will be senior, secured obligations of Dyadic and its affiliates, and interest will be payable quarterly in cash on the principal amount equal to 8% per annum.
  • The Convertible Notes will mature on March 8, 2027 (the “Maturity Date”), unless earlier converted, repurchased, or redeemed in accordance with the terms of the Convertible Notes.
  • The Convertible Notes will be convertible into shares of Dyadic’s Class A common stock (the “Common Stock”), at the option of the holders of the Convertible Notes (the “Noteholders”) at any time prior to the Maturity Date.
  • “I would like to extend our gratitude to long-term shareholders for their steadfast support.

INNOVATE Corp. Announces Commencement of Rights Offering

Retrieved on: 
Friday, March 8, 2024
Prospectus, Sale, Exercise, Form, Convertible, Panzer corps, Form S-3, Security (finance)

INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.

Key Points: 
  • INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.
  • Lancer Capital will not be permitted to exercise or transfer any subscription rights received by it, or to acquire other rights, in the rights offering, which rights are required to be held by Lancer Capital until the expiration thereof.
  • For any questions or further information about the rights offering, please call Okapi Partners LLC, the information agent for the rights offering, at (855) 208-8902 (toll-free).
  • Neither the Company nor its Board of Directors has, or will, make any recommendation to stockholders regarding the exercise or sale of rights in the rights offering.

Avid Bioservices Announces Proposed Private Placement of Convertible Notes

Retrieved on: 
Wednesday, March 6, 2024
Person, Note, Sale, Debt-to-GDP ratio, CDMO, Convertible, Acceleration, Offering, Security (finance)

The 2029 Notes will represent senior unsecured obligations of the company and will accrue interest payable semiannually in arrears.

Key Points: 
  • The 2029 Notes will represent senior unsecured obligations of the company and will accrue interest payable semiannually in arrears.
  • The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the Offering.
  • In connection with the repurchase or repayment of the 2026 Notes, the company expects to unwind its capped call transactions with respect to the 2026 Notes with the applicable counterparties.
  • Further, this press release is not an offer to repurchase the 2026 Notes.