Transaction

Stable Road Reminds Stockholders to Vote in Favor of Business Combination with Momentus

Retrieved on: 
Friday, August 6, 2021
Aerospace, Hardware, Manufacturing, Satellite, Technology, Online, Register, BE, U.S. Securities and Exchange Commission, Form, Prospectus, MORE, AS, CPA, Securities Act of 1933, Security (finance), Stable, NASDAQ, Shareholder, Transaction, ANY, Sale, Proxy, Combination, ARE, SEC, Health, Registration statement, THE, Special, Holding company, Cryptocurrency

Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, and SRACW) (Stable Road or the Company) reminds its stockholders to vote in favor of the previously announced business combination (the Business Combination Proposal) with Momentus Inc. (Momentus).

Key Points: 
  • Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, and SRACW) (Stable Road or the Company) reminds its stockholders to vote in favor of the previously announced business combination (the Business Combination Proposal) with Momentus Inc. (Momentus).
  • To protect the health of Stable Road stockholders and the community, the Special Meeting will be virtually conducted via live audio webcast.
  • If the Business Combination Proposal and related proposals are not approved, Stable Road will be unable to consummate the proposed business combination with Momentus and, in accordance with Stable Roads charter, Stable Road will be required to dissolve and liquidate the trust account by returning the then-remaining funds in such account to stockholders.
  • Stable Road, Momentus and certain of their respective directors, executive officers and other members of management and employees may be deemed participants in the solicitation of proxies of Stable Roads stockholders in connection with the Proposed Transaction.

Monarch Mining Corporation Announces the Closing of the $11.25 Million Transaction with Gold Royalty Corp.

Retrieved on: 
Thursday, August 5, 2021
Solution, Industry, Gold, Metal, Transaction, The, Wainwright Securities Inc. v. Wall Street Transcript Corp., Abitibi, Osisko Gold Royalties, Mining, New York Stock Exchange, Toronto Stock Exchange, GLOBE, Cryptocurrency

As per the terms of the Transaction, Gold Royalty made a first cash payment of $7.5 million at closing and will make the final payment of $3.75 million in six months.

Key Points: 
  • As per the terms of the Transaction, Gold Royalty made a first cash payment of $7.5 million at closing and will make the final payment of $3.75 million in six months.
  • Laurentian Bank Securities Inc. acted as financial advisor to Monarch in connection with the Transaction.
  • Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry.
  • Monarch Mining Corporation (TSX: GBAR) is a fully integrated mining company that owns four advanced projects, including the fully permitted past-producing Beaufor Mine, which has produced more than 1 million ounces of gold over the last 30 years.

Cepton Technologies, Inc., an Innovator in Automotive ADAS Lidar, and Growth Capital Acquisition Corp., Enter into Business Combination Agreement

Retrieved on: 
Thursday, August 5, 2021
Slate, Industry, Technology, Limited liability partnership, Transaction, Business architecture, Safety, Tier 1, SPAC, City, Capital Group Companies, Review, Application-specific integrated circuit, Sale, O'Melveny & Myers, Nasdaq, Prospectus, Chief executive officer, Life, Person, EDT, Stanford University, U.S. Securities and Exchange Commission, Partnership, Maxim, Perception, Leadership, Pipe, SEC, ADAS, Silicon, Failure, Advanced driver-assistance systems, New, Park Avenue, Acquisition, GLOBE, Proxy, Forward-looking statement, Skadden, Original equipment manufacturer, CTO, Myers, Securities Act of 1933, Form, Accident, Risk, Combination, Private Securities Litigation Reform Act, Security (finance), Financial services, Renewable energy

The transaction with Cepton enables Growth Capital to enter the lidar sector, one of the most innovative and rapidly growing sectors, with particular focus on ADAS in mass-market passenger vehicles.

Key Points: 
  • The transaction with Cepton enables Growth Capital to enter the lidar sector, one of the most innovative and rapidly growing sectors, with particular focus on ADAS in mass-market passenger vehicles.
  • Under the terms of the Business Combination Agreement, Cepton shareholders will receive consideration in the form of newly issued shares of Growth Capital common stock, valued based upon a Cepton enterprise value of $1.5 billion on a cash-free, debt-free basis.
  • Maxim Group LLC (Maxim) is serving as financial advisor to Growth Capital and Ellenoff Grossman & Schole LLP is serving as legal counsel to Growth Capital.
  • Maxim and Craig-Hallum Capital Group LLC are acting as capital markets advisors to Growth Capital.

Momentus Announces 2022 Launch Services Agreement With Danish Students CubeSat Program

Retrieved on: 
Thursday, August 5, 2021
Science, Other Science, Technology, University, Education, Aerospace, Manufacturing, Other Technology, Company, Proxy, Prospectus, Vigoride, Student, IT University, Technology, Science, University, House, Registration statement, Transaction, THE, Aalborg University, CPA, Register, Securities Act of 1933, Contract, Science, technology, engineering, and mathematics, Inc., Form, Transport, Natural science, Disco, Stable, BE, CubeSat, Communication, National, Sale, SEC, More, Risk, Aarhus University, Failure, Compliance, OF, University of Southern Denmark, Goal, Forward-looking statement, Communications satellite, Cryptocurrency, Security (finance), Momentus, DISCO, MOMENTUS, DISCO

Momentus Inc. ("Momentus" or the "Company"), a U.S. commercial company that plans to offer transportation and in-space infrastructure services, today announced a launch services agreement with the Danish Students CubeSat Program (DISCO).

Key Points: 
  • Momentus Inc. ("Momentus" or the "Company"), a U.S. commercial company that plans to offer transportation and in-space infrastructure services, today announced a launch services agreement with the Danish Students CubeSat Program (DISCO).
  • The launch services agreement was formally signed earlier this year and is focused on a mid-2022 launch and delivery of a 1U CubeSat to its low-Earth orbit destination aboard a Momentus Vigoride service vehicle.
  • "Allowing students to conduct science in orbit challenges, energizes and encourages a new generation of STEM advocates," said Momentus Chief Revenue Officer Dawn Harms.
  • Momentus is a U.S. commercial space company that plans to offer in-space infrastructure services, including in-space transportation, hosted payloads and in-orbit services.

Eight Announced Acquisitions Contribute an Estimated SEK 2,000-3,000 Million in Net Sales and SEK 350-550 Million in Operational EBIT During FY2022/23

Retrieved on: 
Thursday, August 5, 2021
Trigger, Metro, Koch Media, IP, Force field, MX, SEK, DECA Games, Transaction, Deep Silver, IPS, Decision-making, Ghost ship, Slipgate Ironworks, Vertigo, Publishing, Review, Deep Rock Galactic, Saber Interactive, PPA, Group, Deca, Partnership, Darksiders, THQ Nordic, VR, Female, World War Z, Coffee Stain Studios, Acquisition, Operational definition, Forward-looking statement, Kingdom, EBIT, Kingdoms of Amalur: Reckoning, Appetite, TimeSplitters, ATV, Coffee, Saints Row, 3D Realms, Nasdaq, Family, Video game, Security (finance), Management, Marketing, Airline, Bank, Public relations, Cryptocurrency

The acquired businesses are expected to contribute to Embracer's net sales in the range of SEK 2,000-3,000 million and to Operational EBIT in the range of SEK 350-550 million during the next financial year, ending March 31, 2023.

Key Points: 
  • The acquired businesses are expected to contribute to Embracer's net sales in the range of SEK 2,000-3,000 million and to Operational EBIT in the range of SEK 350-550 million during the next financial year, ending March 31, 2023.
  • Crazy Labs is the most impactful contributor, both in net sales and Operational EBIT, and is estimated to be completed in the back end of the current quarter ending September 30, 2021.
  • Approximately SEK 2.1 billion is paid in cash and SEK 0.6 billion is paid in newly issued Embracer B shares.
  • To achieve the maximum consideration milestone on year five, the acquired companies combined must exceed SEK 1 billion in Operational EBIT for the financial year ending March 2026 plus achieving certain operational targets.

eFFECTOR Therapeutics Initiates Phase 2a Expansion Cohorts Evaluating Zotatifin in Breast Cancer and KRAS-mutant Non-small Cell Lung Cancer

Retrieved on: 
Wednesday, August 4, 2021
Biomarkers, Biology, Branches of biology, Clinical medicine, KRAS, Non-small-cell lung carcinoma

eFFECTOR expects to initiate multiple indication-specific expansion cohorts in ER+ breast cancer and KRAS-mutant non-small cell lung cancer (NSCLC).

Key Points: 
  • eFFECTOR expects to initiate multiple indication-specific expansion cohorts in ER+ breast cancer and KRAS-mutant non-small cell lung cancer (NSCLC).
  • The Phase 2a expansion cohorts will evaluate the safety, pharmacokinetics (PK), pharmacodynamics (PD) and antitumor activity of zotatifin in subjects with biomarker-positive solid tumor malignancies, including ER+ breast cancer and KRAS-mutant NSCLC.
  • eFFECTOR expects to present additional data from the Phase 1 dose escalation portion of the trial, as well as preliminary response data from Phase 2a expansion cohorts, at a medical conference in 2022.
  • Zotatifin, eFFECTORs inhibitor of eIF4A, is currently being evaluated in a Phase 2a clinical trial in patients with breast cancer and KRAS-mutant NSCLC.

PeakBirch Logic Announces the Acquisition of Stul Ltd

Retrieved on: 
Thursday, July 29, 2021
Psychoactive drugs, Cannabis smoking, Entheogens, Euphoriants, Medicinal plants, Cannabis, Effects of cannabis, Head shop, Manny Stul

Acquisition Accelerates Goal to Expand Cannabis Sales in the U.K. Market

Key Points: 
  • Acquisition Accelerates Goal to Expand Cannabis Sales in the U.K. Market
    PeakBirch announces the acquisition of Stul Ltd. and its brand Hot Box Herb, a leading Headshop in Chelmsford, Essex.
  • VANCOUVER, BC, July 29, 2021 /PRNewswire/ -PeakBirch Logic Inc. (CSE: PKB) (FSE: KYH2) (OTCQB: KTNNF) ("PeakBirch" or the "Company") is pleased to announce the closing of the acquisition (the "Acquisition") of Stul Ltd. ("Stul" or the "Seller"), located in London, United Kingdom.
  • As part of the Acquisition, PeakBirch acquired Hot Box Herb, a leading brick and mortar cannabis accessory shop (a headshop) and e-commerce website.
  • With the acquisition of Stul, PeakBirch will receive 350K GBP in working capital which includes approximately 150K GBP in inventory, including shisha, tobacco and pipes, cannabis accessories, high-end designer bongs, and CBD.

Limoneira Announces Letter of Intent for Sale of East Area 2 Property

Retrieved on: 
Wednesday, July 14, 2021
Other Natural Resources, Other Construction & Property, Agriculture, Commercial Building & Real Estate, Natural Resources, Construction & Property, Limoneira, Forward-looking statement, Purchase and sale agreement, Articles

Completion of the Transaction is subject to the execution of a purchase and sale agreement (PSA).

Key Points: 
  • Completion of the Transaction is subject to the execution of a purchase and sale agreement (PSA).
  • Harold Edwards, President and Chief Executive Officer, stated, "We are very pleased to move to a letter of intent for the sale of approximately 25 acres strategically located close to our Harvest at Limoneira development project.
  • This opportunity provides upside to our initial expected cash flow of $80 million from Harvest at Limoneira.
  • Limoneira undertakes no obligation to subsequently update or revise the forward-looking statements made in this press release, except as required by law.

Canadian Cannabis Retail Chain High Tide Welcomes Proposed U.S. Cannabis Administration and Opportunity Act

Retrieved on: 
Wednesday, July 14, 2021
Public policy, Government, Alternative medicine, Other Retail, Health, Tobacco, Other Policy Issues, Retail, Other Health, Medicinal plants, Health sciences, Herbalism, Entheogens, Euphoriants, Medicine, Branches of biology, Tilray, Aurora Cannabis, Cannabis, Medical cannabis

This trend represents a huge opportunity for our e-commerce platforms regardless of federal legalization, said Raj Grover, High Tides President & Chief Executive Officer.

Key Points: 
  • This trend represents a huge opportunity for our e-commerce platforms regardless of federal legalization, said Raj Grover, High Tides President & Chief Executive Officer.
  • High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories.
  • High Tide's retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country.
  • Key industry investors in High Tide include Tilray Inc. (TSX: TLRY) (Nasdaq: TLRY) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB).

International Consolidated Uranium Enters the U.S. Uranium Sector with Transformational Acquisition and Strategic Alliance with Energy Fuels

Retrieved on: 
Thursday, July 15, 2021
Nuclear fuels, Physical sciences, Chemistry, Uranium mining, Uranium, Materials, Uranium mining in the United States, Uranium mining by country

Uranium Sector The acquisition and alliance is expected to establish CUR as a new player in the U.S. uranium sector.

Key Points: 
  • Uranium Sector The acquisition and alliance is expected to establish CUR as a new player in the U.S. uranium sector.
  • In late 2020, the U.S. government approved the proposed establishment of a U.S. national strategic uranium reserve.
  • On closing, it is expected that Mark Chalmers, President and CEO of Energy Fuels, will join the CUR Board of Directors.
  • Energy Fuels currently holds the largest and highest quality portfolio of uranium production, development, and exploration projects in the U.S.