Dutch auction

SuRo Capital Corp. Reports First Quarter 2024 Financial Results

Retrieved on:

Wednesday, May 8, 2024

International, Webcast, Share repurchase, Tender offer, Dutch auction, Gaya confederacy, United States Treasury security, Cryptocurrency

NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today announced its financial results for the quarter ended March 31, 2024. Net assets totaled approximately $181.7 million, or $7.17 per share, at March 31, 2024, as compared to $7.99 per share at December 31, 2023 and $7.59 per share at March 31, 2023.

Key Points:

Weighted-average common basic shares outstanding were approximately 25.4 million and 28.4 million for the quarters ended March 31, 2024 and 2023, respectively.
As of March 31, 2024, there were 25,353,284 shares of the Company’s common stock outstanding.
The dollar value of shares that may yet be purchased by SuRo Capital under the Share Repurchase Program is approximately $20.7 million.
ET) on May 15, 2024 by dialing 866-583-1035 (U.S.) or +44 (0) 20 3451 9993 (International) and using conference ID number 6890583.

SuRo Capital Corp. Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on:

Wednesday, March 13, 2024

Letter, Communication, International, United States Treasury security, Webcast, Gaya confederacy, Tender offer, Tender, Share repurchase, Dutch auction, Cryptocurrency

NEW YORK, March 13, 2024 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. Net assets totaled approximately $203.4 million, or $7.99 per share, at December 31, 2023, as compared to $8.41 per share at September 30, 2023 and $7.39 per share at December 31, 2022.

Key Points:

Weighted-average common basic shares outstanding were approximately 26.2 million and 30.0 million for the years ended December 31, 2023 and 2022, respectively.
As of December 31, 2023, there were 25,445,805 shares of the Company’s common stock outstanding.
During the year ended December 31, 2023, SuRo Capital repurchased approximately 0.2 million shares of common stock for approximately $0.7 million through the Share Repurchase Program.
The dollar value of shares that may yet be purchased by SuRo Capital under the Share Repurchase Program is approximately $20.7 million.

Avantax Reports Fourth Quarter 2022 Results

Retrieved on:

Wednesday, February 15, 2023

TaxAct, Sale, Dutch auction, AVTA, Cryptocurrency

DALLAS, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ: AVTA), a leading provider of technology-enabled, tax focused financial solutions, today announced financial results for the fourth quarter ended December 31, 2022.

Key Points:

DALLAS, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ: AVTA), a leading provider of technology-enabled, tax focused financial solutions, today announced financial results for the fourth quarter ended December 31, 2022.
In the fourth quarter and for the year, Avantax set record highs in many of its performance metrics.
Avantax added over $401 million of newly recruited assets during the fourth quarter for a total of approximately $1.7 billion of newly recruited assets for the full year of 2022, which was a new record.
Avantax reported total revenue of $172.4 million for the quarter, which was a new record, an increase of 0.1% versus the fourth quarter of the prior year.

Blucora Announces Closing of TaxAct Sale

Retrieved on:

Monday, December 19, 2022

PJT Partners, Sidley Austin, IBD, Haynes, BCOR, Growth, TaxAct, LLP, Dutch auction, RIA, Centerview Partners, Sale, Management, Blucora, Cinven

DALLAS, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ: BCOR) today announced the completion of its previously announced sale of its tax software business, TaxAct, to an affiliate of Cinven for $720 million in cash, with after-tax net cash proceeds of approximately $620 million. Blucora expects to return $400 - $450 million of capital to shareholders and today announced its plan to repurchase up to $250 million of its shares of common stock through a modified "Dutch Auction" tender offer in the first quarter of 2023. In addition, its Board of Directors has authorized the repurchase of up to $200 million of Blucora common stock.

Key Points:

DALLAS, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ: BCOR) today announced the completion of its previously announced sale of its tax software business, TaxAct, to an affiliate of Cinven for $720 million in cash, with after-tax net cash proceeds of approximately $620 million.
In addition, its Board of Directors has authorized the repurchase of up to $200 million of Blucora common stock.
With the completion of the TaxAct sale, Blucora is now a pure-play wealth management company and is moving forward with its rebranding to Avantax, focusing on its success in providing tax-focused wealth management through its independent broker dealer (IBD), Avantax Wealth Management, and its employee-based registered investment advisor (RIA), Avantax Planning Partners.
Centerview Partners LLC and PJT Partners are acting as financial advisors, and Haynes and Boone, LLP and Sidley Austin LLP are serving as legal advisors to Blucora.

SCHOLASTIC CORPORATION ANNOUNCES CASH TENDER OFFER TO PURCHASE UP TO $75 MILLION OF ITS COMMON STOCK

Retrieved on:

Tuesday, October 25, 2022

Thetenderoffer willexpireonTuesday,November 22,2022at12:00Midnight, attheendoftheday,NewYork City time, unless the tender offer is extended or terminated by the Company.

Key Points:

Thetenderoffer willexpireonTuesday,November 22,2022at12:00Midnight, attheendoftheday,NewYork City time, unless the tender offer is extended or terminated by the Company.
If shareholders properly tender shares greater than $75 million in value at the price determined, Scholastic will purchase shares of common stock tendered by those shareholders on a pro rata basis, subject to the "odd lot" and conditional tender offer provisions described in the offer to purchase.
SCHOLASTIC'S DIRECTORS HAVE INFORMED SCHOLASTIC THAT THEY DO NOT INTEND TO TENDER COMMON SHARES IN THE OFFER.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO PURCHASE OR THE SOLICITATION OF AN OFFER TO SELL SHARES OF SCHOLASTIC COMMON STOCK.

Scholastic Announces Intent to Repurchase Up to $75 Million of its Common Stock Through Modified Dutch Auction Tender Offer

Retrieved on:

Monday, October 24, 2022

The purchase of common shares under the Offer will be funded entirely through the Company's cash on hand.

Key Points:

The purchase of common shares under the Offer will be funded entirely through the Company's cash on hand.
The Offer will be subject to various terms and conditions as will be described in offer materials that will be publicly filed and distributed to shareholders upon commencement.
This press release is for information purposes only, and is not an offer to purchase or the solicitation of an offer to sell any shares of Scholastic common stock.
SCHOLASTIC SHAREHOLDERS ARE URGED TO READ THE TENDER OFFER STATEMENT (INCLUDING THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED TENDER OFFER DOCUMENTS) WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED BY SCHOLASTIC WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION CONCERNING THE TERMS OF THE TENDER OFFER.

Steel Partners Holdings L.P. Through Its Wholly Owned Subsidiary Steel Excel, Inc. to Commence Dutch Auction Tender Offer to Repurchase up to $100 Million in Value of Its Common Units

Retrieved on:

Thursday, April 7, 2022

Withdrawn units will be returned to their holders in accordance with the terms of the Offer.

Key Points:

Withdrawn units will be returned to their holders in accordance with the terms of the Offer.
All units accepted in the Offer will be purchased at the same price per unit even if a unitholder tendered at a lower price.
The Company reserves the right in the Offer to purchase up to an additional 2% of its common units outstanding.
Units tendered at prices above the Purchase Price and units not purchased due to proration will be returned to tendering unitholders.

MVB Announces Executive Management Structural Changes

Retrieved on:

Thursday, January 27, 2022

“I am pleased to announce Don’s elevated position in the company, which will allow him to focus on corporate development,” Mazza said. “Over the past few years, Don’s leadership on opportunistic actions -- including the sale of MVB’s Eastern West Virginia banking centers, the FDIC-assisted acquisition of The First State Bank of Barboursville in West Virginia, the sale of MVB’s South Market West Virginia banking centers and the modified Dutch Auction tender offer and share repurchases, as well as numerous Fintech-related acquisitions -- have enhanced shareholder value.”

Key Points:

The Board of Directors of MVB Financial Corp. (MVBF or MVB Financial) (Nasdaq: MVBF) has announced changes to the structure of MVBs Executive Team.
To fully execute our strategic plan and to move MVB forward on the financial frontier, we need to ensure that we are set up for success.
Donald T. Robinson will transition to the role of President of MVBF and MVB Bank.
MVB Financial Corp., the holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market under the ticker MVBF.

Covenant Logistics Group, Inc. Announces Final Results of its Modified Dutch Auction Tender Offer

Retrieved on:

Thursday, September 9, 2021

CHATTANOOGA, Tenn., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (Covenant or the Company) announced today the final results of its modified Dutch Auction tender offer, which expired one minute after 11:59 P.M., New York City time, on September 3, 2021.

Key Points:

CHATTANOOGA, Tenn., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (Covenant or the Company) announced today the final results of its modified Dutch Auction tender offer, which expired one minute after 11:59 P.M., New York City time, on September 3, 2021.
(Computershare), the depositary for the tender offer, a total of 86,132 Shares were properly tendered and not properly withdrawn at or below the final purchase price of $23.00 per Share.
Stockholders who have questions or would like additional information about the tender offer, may contact the information agent for the tender offer, Georgeson LLC, at (888) 607-9107 (toll free).
Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States.

Covenant Logistics Group, Inc. Announces Preliminary Results of Its Modified Dutch Auction Tender Offer

Retrieved on:

Tuesday, September 7, 2021

CHATTANOOGA, Tenn., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (Covenant or the Company) announced today the preliminary results of its modified Dutch Auction tender offer, which expired one minute after 11:59 P.M., New York City time, on September 3, 2021.

Key Points:

CHATTANOOGA, Tenn., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (Covenant or the Company) announced today the preliminary results of its modified Dutch Auction tender offer, which expired one minute after 11:59 P.M., New York City time, on September 3, 2021.
Stockholders who have questions or would like additional information about the tender offer, may contact the information agent for the tender offer, Georgeson LLC, at (888) 607-9107 (toll free).
Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States.
Among these factors are: the risk that the final results of the tender offer may change and that the Companys post-tender offer Share repurchase intentions may change.