White & Case

BYTE Acquisition Corp. Announces Adjournment of Shareholder Meeting to Approve Business Combination with Airship AI

Retrieved on: 
Friday, December 15, 2023
Data Management, Technology, Other Technology, Audio, Video, Software, Artificial Intelligence, Hardware, Transfer, Acquisition, Meeting, White, White & Case, BYTE

BYTE Acquisition Corp. (the “Company” or “BYTE”) (Nasdaq: BYTS), a special purpose acquisition company, today announced that it has adjourned the extraordinary general meeting (the “Meeting”) seeking shareholder approval of the previously announced business combination with Airship AI Holdings, Inc. (“Airship AI”).

Key Points: 
  • BYTE Acquisition Corp. (the “Company” or “BYTE”) (Nasdaq: BYTS), a special purpose acquisition company, today announced that it has adjourned the extraordinary general meeting (the “Meeting”) seeking shareholder approval of the previously announced business combination with Airship AI Holdings, Inc. (“Airship AI”).
  • The Meeting will reconvene at 4:30 p.m.
  • Shareholders of record as of November 21, 2023 are entitled to vote at the Meeting.
  • Shareholders may withdraw redemptions with the Company’s consent at any time until the closing of the business combination.

Prospector Capital Corp. Announces Record and Distribution Date for Issuance of Dividend Shares

Retrieved on: 
Thursday, December 7, 2023
Professional Services, Automotive, Technology, Autonomous Driving, Vehicles, Software, Finance, Artificial Intelligence, Extraordinary general meeting, Terrorism, Distribution, Business analyst, Annual report, White, Risk, White & Case, ANY, Nature, Registration statement, COVID-19, Person, Register, Business, Failure, AND, Superior court, TM Capital Corp., Risk management, NewCo, Prospector

Prospector today announced that its board of directors has set the record date for the issuance of the Dividend Shares for December 15, 2023, the currently anticipated Closing Date, immediately after giving effect to the redemption of any Prospector Class A Shares on the same date (the “Record and Distribution Date”).

Key Points: 
  • Prospector today announced that its board of directors has set the record date for the issuance of the Dividend Shares for December 15, 2023, the currently anticipated Closing Date, immediately after giving effect to the redemption of any Prospector Class A Shares on the same date (the “Record and Distribution Date”).
  • The issuance of the Dividend Shares is subject to the consummation of the Business Combination on the same date.
  • Prospector has mailed a definitive proxy statement/prospectus to its shareholders and will file other documents regarding the Business Combination with the SEC.
  • Neither Prospector nor LeddarTech can give any assurance that the conditions to the Business Combination will be satisfied.

Prospector Capital Corp. Announces Extraordinary General Meeting Date to Approve Proposed Business Combination With LeddarTech

Retrieved on: 
Friday, December 1, 2023
Banking, Professional Services, Finance, Transfer, Business analyst, Extraordinary general meeting, Registration statement, Mass meeting, Register, Accounting, Business, Form, Person, Failure, Superior court, YOU, White, Exercise, Risk, Stock transfer agent, Stock, Terrorism, Deposit, Annual report, White & Case, ANY, Tax, Nature, COVID-19, AND, TM Capital Corp., Security (finance), Bank, Risk management, NewCo, Prospector

Prospector Capital Corp. (“Prospector”) (Nasdaq: PRSRU, PRSR and PRSRW) announced that it will call an Extraordinary General Meeting of its shareholders on December 13, 2023 at 10:00 am ET to, among other things, approve the proposed business combination (the “Business Combination”) with LeddarTech Inc., a corporation existing under the laws of Canada (“LeddarTech”), and LeddarTech Holdings Inc., a company incorporated under the laws of Canada and a wholly owned subsidiary of LeddarTech (“Newco”).

Key Points: 
  • Prospector Capital Corp. (“Prospector”) (Nasdaq: PRSRU, PRSR and PRSRW) announced that it will call an Extraordinary General Meeting of its shareholders on December 13, 2023 at 10:00 am ET to, among other things, approve the proposed business combination (the “Business Combination”) with LeddarTech Inc., a corporation existing under the laws of Canada (“LeddarTech”), and LeddarTech Holdings Inc., a company incorporated under the laws of Canada and a wholly owned subsidiary of LeddarTech (“Newco”).
  • Such amount, less any owed but unpaid taxes on the funds in the Trust Account, will be paid promptly upon consummation of the Business Combination.
  • Any corrected or changed written demand of redemption rights must be received by the Transfer Agent prior to the vote taken on the proposal to approve the Business Combination at the Extraordinary General Meeting.
  • Neither Prospector nor LeddarTech can give any assurance that the conditions to the Business Combination will be satisfied.

Celsius to Transition to Mining-Only NewCo following Bankruptcy Court’s Confirmation of Plan

Retrieved on: 
Tuesday, November 21, 2023
Finance, Cryptocurrency, Blockchain, Professional Services, Technology, Celsius Network, Bitcoin, Alvarez and Marsal, United States bankruptcy court, Disclosure, Security (finance), Mining, LLP, Kirkland & Ellis, Perella Weinberg Partners, Unsecured creditor, White & Case, Centerview Partners, Committee, Debtor, Bankruptcy, Fahrenheit, Plan, Celsius

On November 9, 2023, the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) confirmed Celsius Network LLC’s (“Celsius” and together with its debtor affiliates, the “Debtors”) chapter 11 plan (the “Plan”).

Key Points: 
  • On November 9, 2023, the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) confirmed Celsius Network LLC’s (“Celsius” and together with its debtor affiliates, the “Debtors”) chapter 11 plan (the “Plan”).
  • This was the core business of the new company that was proposed to be created with Fahrenheit, LLC that was described in the Plan (the “Fahrenheit NewCo”).
  • Celsius is in discussions with certain parties regarding the terms and conditions of the future management of the Mining NewCo.
  • In the coming weeks, the Debtors intend to file a motion with the Bankruptcy Court to approve modifications to the Plan to reflect the new Mining NewCo transaction.

Sio Silica Corporation to Go Public via Business Combination With Pyrophyte Acquisition Corp., Accelerating Mission to Disrupt the Market for High-Purity Quartz Silica, a Critical Mineral in the World’s Transition to Net Zero

Retrieved on: 
Monday, November 13, 2023
Professional Services, Natural Resources, Mining, Minerals, Finance, Slate, Carbon, Economics, Acquisition, NYSE, Engineering, Business analyst, UBS, PIPE, Combination, Winnipeg Manitoba Temple, LLP, DLA Piper, Investment, Electronics, Piper, White & Case, Nature, Marketing, Natural gas, Semiconductor, Hand, Phase, Growth, Electricity, Business, Transport, ESG, Security (finance), Lithium, Renewable energy, Iron ore, Management, Sio, Stantec, Pyrophyte

Once the processing facility becomes operational, Sio expects to become a leading environmentally friendly producer of high-purity quartz silica, a unique natural resource and critical mineral.

Key Points: 
  • Once the processing facility becomes operational, Sio expects to become a leading environmentally friendly producer of high-purity quartz silica, a unique natural resource and critical mineral.
  • Anticipated applications for Sio’s high-purity quartz silica include photovoltaics, solar panels, semiconductors, electronics and batteries.
  • Expects to become a leader in the rapidly expanding high-purity quartz silica industry with no current plans to rely on government subsidies.
  • High-purity quartz silica currently represents a $30 billion total addressable market by 2030 for photovoltaics, solar panels, semiconductors and batteries.

Oil and Gas Investor Announces 2024 'Influential Women in Energy' Honorees

Retrieved on: 
Thursday, December 14, 2023
Permian, Stellar, Woman, Entrepreneurship, Tallgrass Energy Partners, Policy, Senior, White & Case, Baker Hughes, White, Energy, TGS, International Women's Day, MATCH International Women's Fund, BOK, ExxonMobil, Commercial finance, Climate, Hart Energy, American Petroleum Institute, BOK Financial Corporation, Assembly, KBC Advanced Technologies, Chesapeake Energy, Overhaul, System, SLB, ESG, Ridesharing, Petroleum, Management, Ovintiv, Research, Maintenance

HOUSTON, Dec. 14, 2023 /PRNewswire/ -- Oil and Gas Investor and Hart Energy proudly announce the "Influential Women in Energy" honorees for 2024.

Key Points: 
  • HOUSTON, Dec. 14, 2023 /PRNewswire/ -- Oil and Gas Investor and Hart Energy proudly announce the "Influential Women in Energy" honorees for 2024.
  • These distinguished executives and their accomplishments will be celebrated at the seventh annual Women in Energy luncheon on International Women's Day, March 8, 2024, at the Hilton Americas-Houston in downtown Houston.
  • This blue-ribbon award program has honored more than 125 of the top executives and leaders in the industry since its inception.
  • This year's honorees represent companies such the Baker Hughes, Chesapeake Energy, Chevron, Exxon Mobil, Ovintiv, SLB and Tallgrass Energy, to name a few.

Republic of Suriname Announces Successful Settlement of Invitation

Retrieved on: 
Thursday, December 7, 2023
MAKE, Sale, Invitation, Gross metropolitan product, European Economic Area, Table (information), AB8, Information, Block, Lazard, New security concept, White & Case, ANY, CUSIP, Eligibility, EEA, Person, SEC Rule 144A, Legal opinion, Effective date, AND, Security (finance), Financial adviser, Customer service, Republic, Regulation

The Invitation expired at 5:00 pm, New York City time, on November 3, 2023 (the "Expiration").

Key Points: 
  • The Invitation expired at 5:00 pm, New York City time, on November 3, 2023 (the "Expiration").
  • The Republic is pleased to announce that following the satisfaction of the Legal Opinion Condition (as defined in the Invitation) and the execution of the New Indentures and supplemental indentures between the Republic and the relevant trustee, settlement of the transaction occurred on December 6, 2023.
  • The New Indentures and the terms of the New Securities have been given effect as of the Effective Date.
  • Holders of each series of Eligible Bonds were entitled to receive the specific consideration described in the Invitation, subject to rounding as described in the Invitation.

Ad Hoc Group of Bondholders statement on progress in Sri Lanka's debt restructuring

Retrieved on: 
Friday, December 1, 2023
White, White & Case, IMF, Sri Lankan, Private sector, AIP, Republic, Rothschild & Co, OCC, Security (finance), Exim Bank of China

NEW YORK, Dec. 1, 2023 /PRNewswire/ -- The Ad Hoc Group of Bondholders (the "Group") of the Republic of Sri Lanka ("Sri Lanka") notes the statements released by the Official Creditor Committee ("OCC") and the Sri Lankan Ministry of Finance on November 29, 2023 on the agreement-in-principle ("AiP") reached between Sri Lanka and the OCC.

Key Points: 
  • NEW YORK, Dec. 1, 2023 /PRNewswire/ -- The Ad Hoc Group of Bondholders (the "Group") of the Republic of Sri Lanka ("Sri Lanka") notes the statements released by the Official Creditor Committee ("OCC") and the Sri Lankan Ministry of Finance on November 29, 2023 on the agreement-in-principle ("AiP") reached between Sri Lanka and the OCC.
  • The Group welcomes progress on the restructuring of official claims, as uncertainty around the treatment of these claims has hindered Sri Lanka's recovery.
  • Unfortunately, no substantive engagement has taken place between Sri Lanka and its private creditors to date.
  • The Group remains committed to reaching an agreement with the Sri Lankan authorities as quickly as possible to find a sustainable solution to Sri Lanka's debt challenges as they relate to the international bond debt.

Netrality Data Centers Secures $380M Sustainability-Linked Loan to Support Energy-Efficiency

Retrieved on: 
Tuesday, November 28, 2023
UPS, Carbon, Sustainability, TD Securities, ESG Solutions, LLP, White, White & Case, Public expenditure, SLL, Goldman Sachs, Artificial intelligence, MIAMI, Huntington Bancshares, Société Générale, Societe Generale bank Montenegro, Morgan, Lewis & Bockius, Water, Sustainable finance, ESG, Security (finance), Renewable energy

The SLL will fuel data center expansion projects that embody sustainable designs and implement infrastructural measures to support the reduction of power usage effectiveness ("PUE") levels across Netrality's portfolio.

Key Points: 
  • The SLL will fuel data center expansion projects that embody sustainable designs and implement infrastructural measures to support the reduction of power usage effectiveness ("PUE") levels across Netrality's portfolio.
  • The SLL is comprised of a $125 million initial term loan, a $145 million revolving credit facility, and a $110 million delayed draw term loan.
  • "TD Securities was pleased to support Netrality as a Sustainability Structuring Agent on the sustainability-linked credit facility.
  • Andrew Weisberg, Kerrick Seay, and Chiara Eramo of White & Case LLP, represented Netrality Data Centers in the transaction.

EQS-News: Aareal Bank arranges refinancing of European portfolio for The Social Hub

Retrieved on: 
Thursday, December 14, 2023
The Social Hub, Security, Growth, White & Case, Plain Green Loans, Social, Arrangement, Henri de Pardieu, Student, Student's Hotel, CBRE, TSH, White, Pinsent Masons, Travel, Work, Aareal Bank, Rabobank, Tourism

Wiesbaden, 27 November 2023 – Aareal Bank announces the successful closing of a € 566 million refinancing facility with The Social Hub (TSH), together with two participating lenders, one of which being Rabobank.

Key Points: 
  • Wiesbaden, 27 November 2023 – Aareal Bank announces the successful closing of a € 566 million refinancing facility with The Social Hub (TSH), together with two participating lenders, one of which being Rabobank.
  • Operated under TSH’s hybrid hospitality concept offering co-working, events, hotel, extended-stay rooms and student accommodation, the cross-border portfolio comprises 13 properties across the Netherlands, Spain, France and the UK.
  • Aareal Bank acted as the Arranger, Agent, and Security Agent of the senior loan, which is classified by Aareal as a Green Loan under its own Green Finance Framework.
  • “We are delighted to establish this relationship with such a unique hospitality brand and operator as TSH,” comments Michelle Weiss, Head of Hotel Properties at Aareal Bank.