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Melco Announces Extension of Maturity Date of Revolving Credit Facilities

Retrieved on:

Monday, April 8, 2024

Annual report, Rate, COVID-19, Bank, Bank of China, MCO, Credit, Restatement, Security (finance)

MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today announces that the maturity date of its HK$14.85 billion (equivalent to US$1.92 billion) revolving credit facility (the “2020 Credit Facilities”) has been extended from April 29, 2025 to April 29, 2027.

Key Points:

MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today announces that the maturity date of its HK$14.85 billion (equivalent to US$1.92 billion) revolving credit facility (the “2020 Credit Facilities”) has been extended from April 29, 2025 to April 29, 2027.
The extension was made pursuant to a second amended and restated facility agreement dated April 8, 2024 (the “2024 Amendment and Restatement Agreement”).
Key terms such as facility size, pricing and financial covenants remain unchanged.
In connection with the 2024 Amendment and Restatement Agreement, MCO Nominee One agreed to pay a customary fee to the consenting lenders.

PetMed Express Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

Retrieved on:

Thursday, February 15, 2024

PetMed Express, Restatement, Calendar, Form, Notice, PETS, Cryptocurrency

The Notice has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq.

Key Points:

The Notice has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq.
On February 9, 2024, the Company filed a Notification of Late Filing on Form 12b-25 indicating that it was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2023 (the “Form 10-Q”) by the prescribed due date as a result of the restatement of certain of the Company’s financial statements (the “Restatement”).
The Restatement is more fully described in the Company’s Current Report on Form 8-K filed with the SEC on February 8, 2024.
While the Company can provide no assurances as to timing, the Company is working diligently to complete the Restatement and plans to file the Form 10-Q as soon as practicable to regain compliance with the Listing Rule.

Reed’s Announces Limited Waiver and Amendment with its Secured Note Holder, Closing of a $3.8 Million SAFE and Planned Rights Offering to Stockholders

Retrieved on:

Tuesday, February 13, 2024

Prospectus, Amendment, Note, Investment, Restatement, Sale, SAFE, Deferral, Security (finance), OTCQX

The SAFE proceeds are intended by Reed’s to serve as a backstop to a planned public offering by Reed’s of subscription rights to its existing stockholders of record for aggregate gross proceeds of up to $6 million (including SAFE proceeds).

Key Points:

The SAFE proceeds are intended by Reed’s to serve as a backstop to a planned public offering by Reed’s of subscription rights to its existing stockholders of record for aggregate gross proceeds of up to $6 million (including SAFE proceeds).
The SAFE converts into the next equity financing of Reed’s on the same terms and conditions as other subscribers.
Subscription rights of each SAFE investor will be considered exercised to the extent the SAFE proceeds cover the aggregate exercise price of such rights.
“This Amendment and the SAFE investments will fortify the foundation we established for Reed’s in 2023,” said Norman E. Snyder, CEO of Reed’s.

Performance Shipping Inc. Announces Filing of Amendment No. 2 to the Solicitation and Recommendation Statement on Schedule 14D-9

Retrieved on:

Wednesday, November 15, 2023

Restatement, Security (finance), Indian stock exchange, Committee, Offer and acceptance, AND, Schedule

2 to the Solicitation/Recommendation Statement on Schedule 14D-9 filed by the Company with the SEC on October 25, 2023, as amended by Amendment No.

Key Points:

2 to the Solicitation/Recommendation Statement on Schedule 14D-9 filed by the Company with the SEC on October 25, 2023, as amended by Amendment No.
The Company’s Schedule 14D-9 and the Offeror’s Schedule TO may be obtained at no charge at the website maintained by the SEC at www.sec.gov .
This press release does not constitute an offer to purchase or solicitation of an offer to sell any Shares or other securities.
The Company has filed a solicitation/recommendation statement on Schedule 14D-9, as amended, with the SEC and the Offeror has filed its Offer materials on Schedule TO, as amended, with the SEC.

Destra Multi Alternative Fund Announces the Approval of an Amended and Restated Declaration of Trust

Retrieved on:

Friday, November 17, 2023

Professional Services, Finance, Restatement, Fund, Trustee, Pharmaceutical industry, Trust

Destra Multi-Alternative Fund (the “Fund” or DMA”) announced today that the Fund’s Board of Trustees approved an Amended and Restated Declaration of Trust with the addition of a Forum Selection Clause as well as the filing of an 8-K.

Key Points:

Destra Multi-Alternative Fund (the “Fund” or DMA”) announced today that the Fund’s Board of Trustees approved an Amended and Restated Declaration of Trust with the addition of a Forum Selection Clause as well as the filing of an 8-K.
For more information regarding the Fund, Destra Capital Advisors, and the Amended and Restated Declaration of Trust, visit the Fund webpage below:

SunPower Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

Retrieved on:

Monday, November 27, 2023

Restatement, Listing Rules, Bank, Notice, Form 10-Q, Form, SunPower, Calendar, Constitutional right, Agent, Credit, Cryptocurrency

The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq.

Key Points:

The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq.
On November 13, 2023, the Company filed a Notification of Late Filing on Form 12b-25 indicating that it was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the fiscal quarter ended October 1, 2023 (the "Form 10-Q") by the prescribed due date as a result of the restatement of certain of the Company's financial statements (the "Restatement").
The Restatement is more fully described in the Company's Current Report on Form 8-K filed with the SEC on October 24, 2023.
While the Company can provide no assurances as to timing, the Company is working diligently to complete the Restatement and plans to file the Form 10-Q as soon as practicable to regain compliance with the Listing Rule.

Quantum Files Form 12b-25 Notification of Late filing

Retrieved on:

Monday, November 13, 2023

Quantum, Stand-alone, Restatement, SAN, Accounting Standards Codification, Bank statement, Form, ASC, Quantum Corporation, Credit, File, Borrowing base, Cryptocurrency, Security (finance)

SAN JOSE, Calif., Nov. 13, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) ("Quantum or the "Company") announced today that it has filed a Form 12b-25 Notification of Late Filing because it is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the "Form 10-Q") by November 9, 2023, the original due date for such filing. As a result, Quantum is postponing its fiscal 2024 second quarter earnings announcement and conference call, which are typically held in the second week of November.

Key Points:

SAN JOSE, Calif., Nov. 13, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) ("Quantum or the "Company") announced today that it has filed a Form 12b-25 Notification of Late Filing because it is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the "Form 10-Q") by November 9, 2023, the original due date for such filing.
As a result, Quantum is postponing its fiscal 2024 second quarter earnings announcement and conference call, which are typically held in the second week of November.
Quantum has delayed filing the Form 10-Q because the Company is re-evaluating its application of Standalone Selling Price as part of Accounting Standards Codification (ASC) Topic 606.
Quantum does not have a set date for completing this re-evaluation but is working to finish it as soon as possible.

Electra Announces Voting Results of its 2023 Annual Meeting of Shareholders

Retrieved on:

Wednesday, October 25, 2023

At the Meeting, shareholders also approved the 2022 amended and restated LTIP (the “2022 Amended and Restated LTIP”).

Key Points:

At the Meeting, shareholders also approved the 2022 amended and restated LTIP (the “2022 Amended and Restated LTIP”).
Shareholders also approved a new Employee Share Purchase Plan for the Company (the “ESP Plan”).
The Common Shares issued to obtain the Easement will be subject to a four-month hold from the date of issue.
The acquisition was completed as an “Expedited Acquisition” under TSXV Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets, and remains subject to the TSXV’s final acceptance.

Bunker Hill Announces Results of Annual General Meeting

Retrieved on:

Tuesday, August 8, 2023

CSE, TSX Venture Exchange, MNP, Restatement, Open compensation plan, Compensation, Security, Circular, Indian stock exchange, RSU, Holding company, Security (finance)

TORONTO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (CSE: BNKR; OTCQB: BHLL) is pleased to announce the voting results on matters considered at its annual general and special meeting of shareholders held on August 4, 2023 in Toronto, Ontario (the “Meeting”).

Key Points:

TORONTO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (CSE: BNKR; OTCQB: BHLL) is pleased to announce the voting results on matters considered at its annual general and special meeting of shareholders held on August 4, 2023 in Toronto, Ontario (the “Meeting”).
The Security Based Compensation Plans were each approved by the Board on July 5, 2023 and are being implemented to comply with the policies of the TSX Venture Exchange (the “TSXV”) in connection with Bunker Hill’s application to list its common stock (the “Common Shares”) on the TSXV.
The Amended and Restated Stock Option Plan is a rolling plan meaning that the maximum number of Common Shares issuable thereunder is 10% of the issued and outstanding Common Shares (on a non-diluted basis) at the time of the grant of options.
Additional information regarding the Security Based Compensation Plans, including details regarding the amendments, can be found in the Circular posted on Bunker Hill’s SEDAR+ profile at www.sedarplus.ca .

Gatos Silver Announces Delay in Filing Its Financial Statements for the First Quarter of 2023

Retrieved on:

Tuesday, May 16, 2023

Restatement, Late, Bank statement, Credit agreements in South Africa, Bank of Montreal, Waiver, TSX, Security (finance), Bank, NYSE, Ernst & Young, Cryptocurrency, Bookkeeping

The financial statements are subject to completion of a review and audit, as applicable, by the Company’s independent registered public accounting firm, Ernst & Young LLP.

Key Points:

The financial statements are subject to completion of a review and audit, as applicable, by the Company’s independent registered public accounting firm, Ernst & Young LLP.
The Company expects to file the Q1 2023 10-Q concurrently with or shortly after making the 2021 and 2022 securities filings containing the 2021 and 2022 financial statements.
The Company has also requested an extension from the TSX to file its financial statements for the quarter ended March 31, 2023.
The Waiver defers the Company’s obligation to deliver until May 31, 2023 the 2021, 2022 and first quarter of 2023 financial statements, and corresponding compliance certificates.