Regulation

Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Notes Offering

Retrieved on: 
Thursday, May 2, 2024
Debt-to-GDP ratio, Sale, Person, Security (finance), Issuer, Exercise, Hilton Hotels & Resorts, Tender offer, Legislation, Term loan, Regulation, CMBS

The Notes will pay interest semi-annually in arrears, at a rate of 7.000% per year, and will mature on February 1, 2030.

Key Points: 
  • The Notes will pay interest semi-annually in arrears, at a rate of 7.000% per year, and will mature on February 1, 2030.
  • The Notes will be guaranteed by Park, PK Domestic REIT Inc. and certain subsidiaries of the Operating Company that guarantee the Company’s senior credit facilities and existing senior notes.
  • The offering has been upsized from the previously announced amount of $450 million.
  • The Issuers anticipate that consummation of the offering will occur on May 16, 2024, subject to customary closing conditions.

The Tile Shop to Host First Quarter 2024 Earnings Conference Call

Retrieved on: 
Thursday, May 2, 2024
PIN, News, Security (finance), Webcast, Regulation Fair Disclosure, Regulation, Disclosure, Financial adviser

The Company will host a conference call via webcast for investors and other interested parties beginning at 9:00 a.m. Eastern Time on Thursday, May 9, 2024.

Key Points: 
  • The Company will host a conference call via webcast for investors and other interested parties beginning at 9:00 a.m. Eastern Time on Thursday, May 9, 2024.
  • The call will be hosted by Cabell Lolmaugh, Chief Executive Officer, Mark Davis, Chief Financial Officer, and Ken Cooper, Investor Relations.
  • A webcast of the call can be accessed by visiting the Company’s Investor Relations page at www.tileshop.com .
  • A webcast replay of the call will be available on the Company’s Investor Relations page at www.tileshop.com .

Fox Factory Holding Corp. Reports First Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, May 2, 2024
Element, Acceleration, Marucci, PVG, World Sports Competition, Security (finance), SSG, Original equipment manufacturer, Disclosure, Engineering, Regulation Fair Disclosure, Fox Factory, Acquisition, EPS, Regulation, Sport, ID, AAG, Growth

DULUTH, Ga., May 02, 2024 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”), a premium brand and a global leader in the design, engineering and manufacturing of performance-defining products and systems for customers worldwide, today reported financial results for the first fiscal quarter ended March 29, 2024.

Key Points: 
  • DULUTH, Ga., May 02, 2024 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”), a premium brand and a global leader in the design, engineering and manufacturing of performance-defining products and systems for customers worldwide, today reported financial results for the first fiscal quarter ended March 29, 2024.
  • Gross margin was 30.9% for the first quarter of fiscal 2024, a 240 basis point decrease from gross margin of 33.3% in the first quarter of fiscal 2023.
  • Adjusted EBITDA in the first quarter of fiscal 2024 was $40.4 million, compared to $79.2 million in the first quarter of fiscal 2023.
  • Adjusted EBITDA margin in the first quarter of fiscal 2024 was 12.1%, compared to 19.8% in the first quarter of fiscal 2023.

Park Hotels & Resorts Inc. Announces Senior Notes Offering

Retrieved on: 
Thursday, May 2, 2024
Debt-to-GDP ratio, Sale, Person, Security (finance), Issuer, Exercise, Hilton Hotels & Resorts, Tender offer, Legislation, Term loan, Regulation, CMBS

TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), intend to offer $450 million aggregate principal amount of senior notes due 2030 (the “Notes”).

Key Points: 
  • TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), intend to offer $450 million aggregate principal amount of senior notes due 2030 (the “Notes”).
  • The Notes will be guaranteed by Park, PK Domestic REIT Inc. and certain subsidiaries of the Operating Company that guarantee the Company’s senior credit facilities and existing senior notes.
  • The Notes and the related guarantees have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws.
  • Except as required by law, Park undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Medicenna Therapeutics Announces CA$20 Million Investment from RA Capital Management

Retrieved on: 
Friday, April 26, 2024
Sale, Offering, News, Share (finance), TSX, Regulation, MDNA, Security (finance)

TORONTO and HOUSTON, April 26, 2024 (GLOBE NEWSWIRE) -- Medicenna Therapeutics Corp. (“Medicenna” or the “Company”) (TSX: MDNA) (MDNAF: OTCQB), a clinical-stage immunotherapy company focused on the development of engineered cytokines, today announced a CA$20 million investment by RA Capital Management, a multi-stage investment manager based in Boston, MA, by way of a non-brokered private placement (the “Offering”). Medicenna intends to use the net proceeds from the Offering for further development of its MDNA11 program, advancement of its preclinical programs and general corporate purposes.

Key Points: 
  • TORONTO and HOUSTON, April 26, 2024 (GLOBE NEWSWIRE) -- Medicenna Therapeutics Corp. (“Medicenna” or the “Company”) (TSX: MDNA) (MDNAF: OTCQB), a clinical-stage immunotherapy company focused on the development of engineered cytokines, today announced a CA$20 million investment by RA Capital Management, a multi-stage investment manager based in Boston, MA, by way of a non-brokered private placement (the “Offering”).
  • Medicenna intends to use the net proceeds from the Offering for further development of its MDNA11 program, advancement of its preclinical programs and general corporate purposes.
  • The Offering is expected to close on or about April 30, 2024 and is subject to the approval of the TSX.
  • “We are excited to announce the financial backing by RA Capital Management as a result of promising single-agent clinical activity of MDNA11, our differentiated IL-2 superkine,” said Dr. Fahar Merchant, President and CEO of Medicenna.

MINILUXE ANNOUNCES CLOSING OF CONVERTIBLE NOTE BRINGING TOTAL RECENT FUNDINGS TO OVER US$6 MILLION

Retrieved on: 
Friday, April 26, 2024
Warrant, Person, Offering, Investment, News, Friends, Family, Unit, Regulation, TSX Venture Exchange, Security (finance)

Boston, MA, April 26, 2024 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (TSXV: MNLX) ("MiniLuxe" or the "Company") is pleased to announce that it has completed a "top up" closing of a non-brokered convertible debenture unit offering, yielding gross proceeds of approximately US$500,000 (the "Offering"). The Offering mirrors the terms of the Company's previously completed debenture financing tranches which were announced on November 30, 2023 and January 22, 2024, collectively raising over US$4.25 million. This recent top up Offering was initiated in order to welcome additional subscriptions from friends and family of existing investors from those prior rounds. In conjunction with the Offering and the previously concluded financings, including a US$2 million follow-on financing from Flow Capital Corp. announced on April 9, 2024, MiniLuxe has received an additional capital influx of over US$6.25 million over the last six months.

Key Points: 
  • The Offering mirrors the terms of the Company's previously completed debenture financing tranches which were announced on November 30, 2023 and January 22, 2024, collectively raising over US$4.25 million.
  • This recent top up Offering was initiated in order to welcome additional subscriptions from friends and family of existing investors from those prior rounds.
  • The closing of this most recent Offering resulted in the issuance of 475 units of the Company (each, a "Unit" and collectively the "Units").
  • Completion of the Offering is subject to the satisfaction of customary closing conditions, including the approval of the TSX Venture Exchange.

Guanajuato Silver Announces Brokered LIFE Offering of Units

Retrieved on: 
Thursday, April 25, 2024
Cloud, Sale, Indian stock exchange, Part, Unit, Offering, Issuer, NEWS, Multilateral, Public expenditure, Agent, The Insider, National instrument, Closing, Regulation, Minority, TSX Venture Exchange, Prospectus, Security (finance)

VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Guanajuato Silver Company Ltd. (the “Company” or “GSilver”) (TSXV:GSVR) (OTCQX:GSVRF) announces a brokered, best-efforts Listed Issuer Financing Exemption private placement (the “Offering”) consisting of units of the Company (the “Units”) at a price of C$0.20 per Unit (the “Offering Price”) for minimum aggregate gross proceeds of C$6,000,000 and a maximum of up to C$8,625,000. The Offering is being led by Research Capital Corporation and Red Cloud Securities Inc. as the co-lead agents and joint bookrunners, on behalf of a syndicate of agents (collectively, the “Agents”).

Key Points: 
  • Each Warrant will entitle the holder to purchase an additional Common Share at an exercise price of C$0.30 for a period of 24 months following the closing of the Offering.
  • Net proceeds from the Offering will be used to, inter alia:
    add to the Company’s underground fleet and ramp up production at GSilver’s producing mines in Guanajuato and Durango.
  • The Units offered under the Listed Issuer Financing Exemption will be immediately “free-trading” under applicable Canadian securities laws.
  • There is an offering document (the "Offering Document") related to this Offering that can be accessed under the Company's profile at www.sedarplus.ca and at the Company's website at www.gsilver.com .

AppFolio, Inc. Announces First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 25, 2024
AppFolio, Innovation, Webcast, Regulation Fair Disclosure, Regulation, GAAP

SANTA BARBARA, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) ("AppFolio" or the "Company"), a technology leader powering the future of the real estate industry, today announced its financial results for the first quarter ended March 31, 2024.

Key Points: 
  • SANTA BARBARA, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) ("AppFolio" or the "Company"), a technology leader powering the future of the real estate industry, today announced its financial results for the first quarter ended March 31, 2024.
  • "AppFolio’s first quarter results highlight our ongoing commitment to delivering industry-leading innovation and exceptional service for our customers," said Shane Trigg, President and CEO, AppFolio.
  • Based on information available as of April 25, 2024, AppFolio's outlook for fiscal year 2024 follows:
    Full year revenue is expected to be $766 million to $774 million.
  • As previously announced, the Company will host a conference call today, April 25, 2024, at 2:00 p.m. Pacific Time (PT), 5:00 p.m. Eastern Time (ET), to discuss the company’s first quarter 2024 financial results.

Employers Holdings, Inc. Reports First Quarter 2024 Results and Increases Regular Quarterly Dividend to $0.30 per Share

Retrieved on: 
Thursday, April 25, 2024
Investment, FHLB, PIN, Federal Home Loan Banks, Interest, Finance, Webcast, EIG, Regulation, LPT, Share repurchase, Sarbanes, GAAP, Reinsurance

We will evaluate our prior year reserves in more detail at mid-year when we routinely perform a full reserve study.

Key Points: 
  • We will evaluate our prior year reserves in more detail at mid-year when we routinely perform a full reserve study.
  • Lastly, we raised our regular quarterly dividend to $0.30 per share, an increase of 7%.
  • On April 24, 2024, the Company’s Board of Directors declared a regular quarterly dividend of $0.30 per share, an increase of 7% from the prior quarterly dividend of $0.28 per share.
  • During the first quarter of 2024, the Company repurchased 123,073 shares of its common stock at an average price of $39.45 per share.

Nasdaq Reports First Quarter 2024 Results; Strong Execution Delivers Double-Digit Solutions Revenue Growth

Retrieved on: 
Thursday, April 25, 2024
Sale, Acceleration, CFO, Borse Dubai, Investment, Nature, ARR, SMB, Invesco, Health, Bankruptcy, Exchange, Integration, AUM, Acquisition, Movement, ETP, Regulation, Share repurchase, FX, Fintech, Verafin, GAAP, Growth, Chair, Cryptocurrency

Adena Friedman, Chair and CEO said, “Nasdaq delivered another quarter of solid results, with double digit revenue growth in our Solutions businesses including strong Financial Technology results and exceptional Index performance.

Key Points: 
  • Adena Friedman, Chair and CEO said, “Nasdaq delivered another quarter of solid results, with double digit revenue growth in our Solutions businesses including strong Financial Technology results and exceptional Index performance.
  • Solutions revenue was $871 million in the first quarter of 2024, an increase of $227 million, or 35%, versus the prior year period with organic growth of 11% or 13% growth on a pro forma basis, reflecting strong growth from Index and Financial Technology.
  • First quarter 2024 GAAP operating expenses were $707 million, an increase of $205 million, or 41%, versus the prior year period.
  • In the first quarter of 2024, Nasdaq led all exchanges during the period in total volume traded for U.S. multi-listed equity options.