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Fresh Tracks Therapeutics Reports Third Quarter 2023 Financial Results and Provides Corporate Update

Retrieved on: 
Monday, November 13, 2023
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BOULDER, Colo., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Fresh Tracks Therapeutics, Inc. (the “Company” or “Fresh Tracks”) (Nasdaq: FRTX), today announced financial results for the third quarter ended September 30, 2023 and provided a corporate update.

Key Points: 
  • Historically, Fresh Tracks was a clinical-stage pharmaceutical company striving to transform patient lives through the development of innovative and differentiated prescription therapeutics.
  • Revenue was $7.9 million for the third quarter of 2023, compared to $0.5 million for the third quarter of 2022.
  • Research and development expenses were $0.6 million for the third quarter of 2023, compared to $3.6 million for the third quarter of 2022.
  • General and administrative expenses were $5.3 million for the third quarter of 2023, compared to $3.0 million for the third quarter of 2022.

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

Retrieved on: 
Thursday, December 7, 2023
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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
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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.

Accordion Survey Shows Private Equity-Backed CFOs Are More Worried about Job Security than Ever

Retrieved on: 
Monday, November 27, 2023
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Private equity (PE) backed CFOs are more concerned about holding onto their jobs than ever before, according to a newly released survey by Accordion , the private equity-focused financial and technology consulting firm.

Key Points: 
  • Private equity (PE) backed CFOs are more concerned about holding onto their jobs than ever before, according to a newly released survey by Accordion , the private equity-focused financial and technology consulting firm.
  • Findings from the firm’s third biannual survey, The State of the PE Sponsor & CFO Relationship , reveal that a whopping 91% of PE-backed CFOs say that they are worried about job security, representing a 25% increase since Accordion first reported on the statistic in 2019.
  • The statistics beg the question: If CFOs and their sponsors are generally aligned, why are so many CFOs worried about their jobs?
  • In addition to concerns about job security, three key takeaways emerged from this year’s results.

Liberty Media and SiriusXM Announce Transaction to Simplify Ownership Structure of SiriusXM

Retrieved on: 
Tuesday, December 12, 2023
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ENGLEWOOD, Colo. and NEW YORK, Dec. 12, 2023 /PRNewswire/ -- Liberty Media Corporation ("Liberty Media" or "Liberty") (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) and Sirius XM Holdings Inc. (NASDAQ: SIRI) ("SiriusXM" or the "Company"), the leading audio entertainment company in North America, today announced that they have entered into definitive agreements whereby Liberty Media's Liberty SiriusXM tracking stock group (NASDAQ: LSXMA, LSXMB and LSXMK) (collectively "LSXM"), will be combined with SiriusXM to create a new public company ("New SiriusXM"), which will continue to operate under the SiriusXM name and brand. New SiriusXM will have a single outstanding series of common stock and is expected to continue to be traded on the Nasdaq Global Select Market under the ticker symbol "SIRI".

Key Points: 
  • New SiriusXM will have a simplified ownership structure and benefit from greater strategic flexibility and independence.
  • A wholly owned subsidiary of SplitCo will then merge with SiriusXM, and existing SiriusXM stockholders (other than Liberty Media) will receive 1:1 shares of SplitCo, which will become New SiriusXM.
  • A subsidiary of Liberty Media owning a majority of the outstanding shares of SiriusXM has delivered a written consent approving the transaction on behalf of SiriusXM stockholders.
  • Liberty Media and SiriusXM will hold a joint investor conference call and webcast at 8:30 AM ET to discuss the details of the transaction.

Republic of Suriname Announces Successful Settlement of Invitation

Retrieved on: 
Thursday, December 7, 2023
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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.

Hoonigan launches Ken Block's ELECTRIKHANA TWO: One More Playground; Mexico City in the Audi S1 Hoonitron

Retrieved on: 
Wednesday, December 6, 2023
Monster Energy, Toros, Hoonigan Racing Division, Bullring, ANY, Museo Soumaya, Toyo Tires, Audi Sport GmbH, International airport, AWD, Gymkhana, EV, Block, Kubota, Audi

COMPTON, Calif., Dec. 6, 2023 /PRNewswire/ -- In November of 2022, Ken Block and the Hoonigan team headed to Mexico City, MX to film the next installment of the Electrikhana series with the Audi S1 Hoonitron. Just over one month later, the devastating loss of Ken Block meant that the project was shelved - until today - with the launch of Electrikhana TWO: The Mexico City Sessions on the Hoonigan YouTube channel.

Key Points: 
  • COMPTON, Calif., Dec. 6, 2023 /PRNewswire/ -- In November of 2022, Ken Block and the Hoonigan team headed to Mexico City, MX to film the next installment of the Electrikhana series with the Audi S1 Hoonitron.
  • Just over one month later, the devastating loss of Ken Block meant that the project was shelved - until today - with the launch of Electrikhana TWO: The Mexico City Sessions on the Hoonigan YouTube channel.
  • Block, The Hoonigans, and Audi continue pushing the limits of what's possible in the performance EV world with Electrikhana TWO, sliding through iconic areas of Mexico City in Block's infamously aggressive, rally-inspired driving style.
  • Shot in and around Mexico City, Block launches the Hoonitron out of the world's largest bullring: Plaza de Toros.

Results of Voting at the General Meeting

Retrieved on: 
Thursday, December 14, 2023
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Metro Bank is pleased to announce that, at the General Meeting convened pursuant to the Notice of General Meeting, the Resolutions (as set out in the Notice of General Meeting) were duly passed with very strong support with over 90% of shareholders voting in support of all resolutions.

Key Points: 
  • Metro Bank is pleased to announce that, at the General Meeting convened pursuant to the Notice of General Meeting, the Resolutions (as set out in the Notice of General Meeting) were duly passed with very strong support with over 90% of shareholders voting in support of all resolutions.
  • The Prospectus contained a Notice of General Meeting seeking shareholder approval to undertake the Firm Placing and to approve the waiver of the obligation of the Concert Party to make an offer under Rule 9 of the City Code on Takeovers and Mergers.
  • Capitalised terms defined in the Prospectus have the same meaning when used in this announcement, unless otherwise defined in this announcement.
  • The Company will release further announcements in respect of the progress to completion of the Capital Package as required.

Passing of Written Resolution

Retrieved on: 
Sunday, December 10, 2023
ACT, AN, SELL, BY, NOT, Table (information), Settlement date, Trustee, Eligibility, AND, ANY, Security (finance), Cryptocurrency, Television, Note, Issuer

On 7 November 2023, the Issuer announced the circulation of a notice of written resolution (the “Notice of Written Resolution”) requesting that holders of the Notes (the “Noteholders”) consider the extraordinary resolution set out in the Notice of Written Resolution being proposed as a written resolution (the “Written Resolution”), which contained the proposal by the Issuer for consent by the Noteholders by way of Written Resolution (as more fully described in the Notice of Written Resolution, the “Proposal”).

Key Points: 
  • On 7 November 2023, the Issuer announced the circulation of a notice of written resolution (the “Notice of Written Resolution”) requesting that holders of the Notes (the “Noteholders”) consider the extraordinary resolution set out in the Notice of Written Resolution being proposed as a written resolution (the “Written Resolution”), which contained the proposal by the Issuer for consent by the Noteholders by way of Written Resolution (as more fully described in the Notice of Written Resolution, the “Proposal”).
  • The Issuer today announces that:
    the requisite threshold required for the passing of the Written Resolution was achieved on 14 November 2023;
    the Eligibility Condition was satisfied on 14 November 2023; and
    the Registered Holder executed the Written Resolution on 15 November 2023.
  • Noteholders are urged to read the Notice of Written Resolution carefully, together with any other publicly available information on the Issuer and its group which such Noteholder shall deem necessary, before submitting an Output Instruction in connection with the Written Resolution.
  • Any questions relating to this Announcement or the Notice of Written Resolution should be addressed to the Tabulation Agent as follows:

EQS-News: Deutsche Bank AG Announces Tender Offer Results for Trust Preferred Securities issued by Deutsche Postbank Funding Trust I and issued by Deutsche Postbank Funding Trust III

Retrieved on: 
Thursday, December 7, 2023
ISLAND, Offer and acceptance, Series, Security, Purchasing, ITS, Offers, Trust-preferred security, ANY, WAKE, Trust, Security (finance), GUAM, United States

Deutsche Bank Aktiengesellschaft (in its capacity as the entity making the Offers, the Offeror) announces today the results of its invitations to holders of the outstanding series of Trust Preferred Securities described below (each a Series and together the Trust Preferred Securities) to tender any and all of their Trust Preferred Securities for purchase by the Offeror for cash (each such invitation an Offer and together the Offers).

Key Points: 
  • Deutsche Bank Aktiengesellschaft (in its capacity as the entity making the Offers, the Offeror) announces today the results of its invitations to holders of the outstanding series of Trust Preferred Securities described below (each a Series and together the Trust Preferred Securities) to tender any and all of their Trust Preferred Securities for purchase by the Offeror for cash (each such invitation an Offer and together the Offers).
  • The Offeror announces that it has decided to accept for purchase all Trust Preferred Securities validly tendered pursuant to the Offers.
  • The Offeror will pay a Purchase Price for those Trust Preferred Securities accepted for purchase pursuant to the relevant Offer equal to: (i) in the case of the DPFT I Trust Preferred Securities, 77.00 per cent.
  • of the Liquidation Preference Amount of the relevant DPFT I Trust Preferred Securities; and (ii) in the case of the DPFT III Trust Preferred Securities, 77.00 per cent.