Exchange

The Children’s Place Announces $90 Million in New Unsecured Financing Provided by Majority Shareholder Mithaq Capital

Retrieved on: 
Wednesday, April 17, 2024
Nature, Security (finance), Exchange, Acquisition, Line of credit, Credit

SECAUCUS, N.J., April 17, 2024 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced that it has entered into a new financing agreement with its majority shareholder, Mithaq Capital SPC (“Mithaq”), for an unsecured and subordinated $90 million term loan, to be funded no later than April 19, 2024 (the “New Mithaq Term Loan”).

Key Points: 
  • SECAUCUS, N.J., April 17, 2024 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced that it has entered into a new financing agreement with its majority shareholder, Mithaq Capital SPC (“Mithaq”), for an unsecured and subordinated $90 million term loan, to be funded no later than April 19, 2024 (the “New Mithaq Term Loan”).
  • The New Mithaq Term Loan will further strengthen the Company’s liquidity position on better terms in the aggregate than the previously announced term loan contemplated by the non-binding term sheet that the Company entered into with 1903P Loan Agent, LLC (the “Proposed Term Loan”).
  • As a result of this new financing, the Company will not pursue the Proposed Term Loan any further.
  • Additional details regarding the New Mithaq Term Loan can be found in the Form 8-K to be filed by the Company with the Securities and Exchange Commission following the funding of the New Mithaq Term Loan.

Longeveron Announces Exercise of Warrants for $6.2 Million Gross Proceeds

Retrieved on: 
Wednesday, April 17, 2024
Sale, Regulation D, Form S-1, NOS, Security (finance), Hypoplastic left heart syndrome, Exchange, Public expenditure, Form, Exercise, HLHS

The issuance or resale of the shares of Class A common stock issuable upon exercise of the existing warrants, as applicable, are registered pursuant to effective registration statements on Form S-1 (File Nos.

Key Points: 
  • The issuance or resale of the shares of Class A common stock issuable upon exercise of the existing warrants, as applicable, are registered pursuant to effective registration statements on Form S-1 (File Nos.
  • The gross proceeds to the Company from the exercise of the existing warrants are expected to be approximately $6.2 million, prior to deducting placement agent fees and estimated offering expenses payable by the Company.
  • In consideration for the immediate exercise of the existing warrants for cash and the payment of $0.125 per new warrant, the Company will issue new unregistered warrants to purchase up to an aggregate of 4,799,488 shares of Class A common stock.
  • The new warrants will be immediately exercisable at an exercise price of $2.35 per share.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Katapult Holdings, Inc. - KPLT

Retrieved on: 
Tuesday, April 16, 2024
LLP, News, Annual report, Pomerantz, Exchange, KPLT, Bank statement

NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Katapult Holdings, Inc. (“Katapult” or the “Company”) (NASDAQ: KPLT).

Key Points: 
  • NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Katapult Holdings, Inc. (“Katapult” or the “Company”) (NASDAQ: KPLT).
  • The investigation concerns whether Katapult and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.
  • The Firm has recovered billions of dollars in damages awards on behalf of class members.

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II - KIND

Retrieved on: 
Tuesday, April 16, 2024
Action Replay, LLP, Prior, News, ARPU, Complaint, Pomerantz, Form 10-Q, Exchange, Ext, Court, Growth, Cryptocurrency

NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II (“Nextdoor” or the “Company”) (NYSE: KIND).

Key Points: 
  • NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II (“Nextdoor” or the “Company”) (NYSE: KIND).
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • The class action concerns whether Nextdoor and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Western Copper and Gold Announces Upsize in Bought Deal Public Offering to $40 Million

Retrieved on: 
Tuesday, April 16, 2024
Sale, Indian stock exchange, Prospectus, Offering, News, Suite, TSX, Exchange, Gold Corporation, Form, Toronto Stock Exchange, WRN, EDGAR, Gold, Register, Security (finance)

The Prospectus and the Registration Statement are subject to completion and amendment.

Key Points: 
  • The Prospectus and the Registration Statement are subject to completion and amendment.
  • Such documents contain important information about the Offering.
  • The Registration Statement relating to the Common Shares has been filed with the United States Securities and Exchange Commission but has not yet become effective.
  • The Offering is expected to close on or about April 30, 2024 and is subject to the Company receiving all necessary regulatory approvals, including that of the Toronto Stock Exchange and the NYSE American LLC.

Western Copper and Gold Announces $25 Million Bought Deal Public Offering

Retrieved on: 
Monday, April 15, 2024
Sale, Indian stock exchange, Prospectus, Offering, News, Suite, TSX, Exchange, Gold Corporation, Form, Toronto Stock Exchange, WRN, EDGAR, Gold, Register, Security (finance)

The Prospectus and the Registration Statement are subject to completion and amendment.

Key Points: 
  • The Prospectus and the Registration Statement are subject to completion and amendment.
  • Such documents contain important information about the Offering.
  • The Registration Statement relating to the Common Shares has been filed with the United States Securities and Exchange Commission but has not yet become effective.
  • The Offering is expected to close on or about April 30, 2024 and is subject to the Company receiving all necessary regulatory approvals, including that of the Toronto Stock Exchange and the NYSE American LLC.

Onex Files Normal Course Issuer Bid

Retrieved on: 
Monday, April 15, 2024
ONEX, Hierarchy, Issuer, TSX, Exchange, Onex, Onex Corporation, Toronto Stock Exchange, Calendar, Security (finance)

TORONTO, April 15, 2024 (GLOBE NEWSWIRE) -- Onex Corporation (“Onex”) (TSX: ONEX) announced today it has filed with the Toronto Stock Exchange, and the Exchange has accepted, a Notice of Intention to make a Normal Course Issuer Bid permitting Onex to purchase for cancellation up to 10% of the public float in its Subordinate Voting Shares, or 6,318,146 shares. There are 77,048,035 Subordinate Voting Shares issued and outstanding and the public float as at April 10, 2024 was 63,181,467 shares.

Key Points: 
  • TORONTO, April 15, 2024 (GLOBE NEWSWIRE) -- Onex Corporation (“Onex”) (TSX: ONEX) announced today it has filed with the Toronto Stock Exchange, and the Exchange has accepted, a Notice of Intention to make a Normal Course Issuer Bid permitting Onex to purchase for cancellation up to 10% of the public float in its Subordinate Voting Shares, or 6,318,146 shares.
  • The number of shares Onex is permitted to purchase under the bid may be reduced by private acquisitions pursuant to issuer bid exemption orders issued by a securities regulatory authority or otherwise exempt from the issuer bid requirements of applicable securities regulations and/or by purchases of shares by certain Onex executives or employees under purchase programs administered by Onex.
  • Onex commenced a similar Normal Course Issuer Bid on April 18, 2023 (the “2023 Bid”).
  • The Normal Course Issuer Bid will commence on April 18, 2024 and will conclude on the earlier of the date on which purchases under the bid have been completed and April 17, 2025.

Cumulus Media Announces Additional Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026

Retrieved on: 
Monday, April 15, 2024
Exchange offer, Settlement date, CMLS, Consent, Exchange, Solicitation, Senior, Letter, Note, Security (finance)

The Exchange Offer and Consent Solicitation will expire at the Additionally Extended Expiration Time, unless extended or terminated.

Key Points: 
  • The Exchange Offer and Consent Solicitation will expire at the Additionally Extended Expiration Time, unless extended or terminated.
  • Questions or requests for assistance related to the Exchange Offer and Consent Solicitation or for additional copies of the Exchange Offer Documents may be directed to D.F.
  • You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Exchange Offer and Consent Solicitation.
  • The Exchange Offer and Consent Solicitation is being made solely by the Offering Memorandum.

Marex Group plc Announces Launch of Initial Public Offering

Retrieved on: 
Monday, April 15, 2024
Goldman Sachs, Sale, Prospectus, UBS, Jefferies, Barclays, Exchange, Madison Avenue, IPO, Jefferies Group, Keefe, Bruyette & Woods, Citigroup, HSBC, Marex, Attention, Security (finance)

NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”), the diversified global financial services platform, today announces that it has launched the initial public offering (the “IPO”) of its ordinary shares.

Key Points: 
  • NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”), the diversified global financial services platform, today announces that it has launched the initial public offering (the “IPO”) of its ordinary shares.
  • In connection with the offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,307,692 ordinary shares to cover over-allotments.
  • Citigroup, UBS Investment Bank, Piper Sandler and HSBC are acting as bookrunners for the proposed offering.
  • Drexel Hamilton and Loop Capital Markets are acting as co-managers for the proposed offering.

Rackspace Technology Announces Final Results of the Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028

Retrieved on: 
Saturday, April 13, 2024
Exchange offer, AI, Issuer, Exchange, SAN, Security (finance)

SAN ANTONIO, April 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) (“Rackspace” or the “Company”), a leading end-to-end hybrid, multicloud, and AI technology solutions company, today announced the final results of the previously announced offer by its indirect subsidiary Rackspace Finance, LLC (the “New Issuer”), to eligible holders in respect of any and all of the 3.50% First-Priority Senior Secured Notes due 2028 (the “Existing Secured Notes”) issued by its indirect subsidiary Rackspace Technology Global, Inc., to (i) (A) exchange certain of those Existing Secured Notes for new 3.50% FLSO Senior Secured Notes due 2028 (the “Exchange Notes”) issued by the New Issuer and (B) have purchased for cancellation certain of those Existing Secured Notes by the New Issuer for cash (collectively, the “Exchange Offer”), and (ii) fund (the “Funding Offer” and, together with the Exchange Offer, the “Offers”) new senior secured first lien first out term loans of the New Issuer, in each case, subject to the terms and conditions of the offering memorandum dated March 14, 2024 (as amended by the Company’s press release dated March 29, 2024, the “Offering Memorandum”).

Key Points: 
  • SAN ANTONIO, April 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) (“Rackspace” or the “Company”), a leading end-to-end hybrid, multicloud, and AI technology solutions company, today announced the final results of the previously announced offer by its indirect subsidiary Rackspace Finance, LLC (the “New Issuer”), to eligible holders in respect of any and all of the 3.50% First-Priority Senior Secured Notes due 2028 (the “Existing Secured Notes”) issued by its indirect subsidiary Rackspace Technology Global, Inc., to (i) (A) exchange certain of those Existing Secured Notes for new 3.50% FLSO Senior Secured Notes due 2028 (the “Exchange Notes”) issued by the New Issuer and (B) have purchased for cancellation certain of those Existing Secured Notes by the New Issuer for cash (collectively, the “Exchange Offer”), and (ii) fund (the “Funding Offer” and, together with the Exchange Offer, the “Offers”) new senior secured first lien first out term loans of the New Issuer, in each case, subject to the terms and conditions of the offering memorandum dated March 14, 2024 (as amended by the Company’s press release dated March 29, 2024, the “Offering Memorandum”).
  • The Exchange Offer expired at 5:00 p.m., New York City time, on April 12, 2024 (the “Expiration Time”).
  • As of the Expiration Time, the New Issuer received from eligible holders valid and unwithdrawn tenders, as reported by Epiq Corporate Restructuring, LLC (the “Transaction Agent” or “Epiq”), the transaction agent, representing $138,427,000 in aggregate principal amount of Existing Secured Notes (or 75.9% of the Existing Secured Notes outstanding prior to the commencement of the Exchange Offer), which includes an additional $5,156,000 in aggregate principal amount of the Existing Secured Notes validly tendered (and not validly withdrawn) since March 28, 2024.
  • The New Issuer expects to settle the Exchange Offer with respect to such additional Existing Secured Notes on April 16, 2024.