Sumathi Best Television Current Reporting Award

Drive Shack Inc. Modifies Tax Benefits Plan

Retrieved on: 
Sunday, June 4, 2023
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Drive Shack Inc. (OTCQX: DSHK) today announced it had amended its Tax Benefits Preservation Plan in connection with the company’s voluntary delisting from the New York Stock Exchange and deregistration of common stock under Section 12(b) and Section 12(g) of the Securities Exchange Act of 1934, as amended.

Key Points: 
  • Drive Shack Inc. (OTCQX: DSHK) today announced it had amended its Tax Benefits Preservation Plan in connection with the company’s voluntary delisting from the New York Stock Exchange and deregistration of common stock under Section 12(b) and Section 12(g) of the Securities Exchange Act of 1934, as amended.
  • The Plan, as so amended, will be included as an exhibit to the Company’s upcoming quarterly report for the period ended March 31, 2023, which it anticipates filing with the OTCQX Best Market landing page at www.otcmarkets.com/stock/DSHK .
  • For a full description of the Tax Benefits Preservation Plan, please refer to the Current Report on Form 8-K of Drive Shack Inc. dated May 17, 2022 filed with the Securities Exchange Commission.
  • For additional information relating to the Company, including the Company’s Annual Report for 2022, please visit the Company’s investor relations website, https://ir.driveshack.com , and OTCQX landing page at www.otcmarkets.com/stock/DSHK .

Seaport Global Acquisition II Corp. and American Battery Materials Announce Definitive Business Combination Agreement to Create Nasdaq Listed Company

Retrieved on: 
Friday, June 2, 2023
OTC Markets Group, DLE, Port, Probability, Business, Business analyst, ABM, Sumathi Best Television Current Reporting Award, Acquisition, Lithium, Security (finance), Mining, Paradox Basin

The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).

Key Points: 
  • The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).
  • ABM is an exploration stage company focused on DLE and other minerals critical to the global energy transition.
  • The Company owns 102 federal mining claims in Eastern Utah across 2,040 acres of federal land including seven existing wells.
  • ABM is focused on supplying domestically-sourced critical minerals, with a particular focus on lithium, to global markets.

Seaport Global Acquisition II Corp. and American Battery Materials Announce Definitive Business Combination Agreement to Create Nasdaq Listed Company

Retrieved on: 
Friday, June 2, 2023
OTC Markets Group, DLE, Port, Probability, Business, Business analyst, ABM, Sumathi Best Television Current Reporting Award, Acquisition, Lithium, Security (finance), Mining, Paradox Basin

The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).

Key Points: 
  • The combined company is expected to be renamed “American Battery Materials Holdings”, and its common stock and warrants are expected to be listed on the Nasdaq Global Market (“Nasdaq”).
  • ABM is an exploration stage company focused on DLE and other minerals critical to the global energy transition.
  • The Company owns 102 federal mining claims in Eastern Utah across 2,040 acres of federal land including seven existing wells.
  • ABM is focused on supplying domestically-sourced critical minerals, with a particular focus on lithium, to global markets.

Chimera Declares Second Quarter 2023 Preferred Stock Dividends

Retrieved on: 
Thursday, June 1, 2023
Construction & Property, Professional Services, REIT, Finance, Lender option borrower option, Classification, Coronavirus, Disclosure, Forest Law Enforcement and Governance Program, RMBS, Investment Company Act of 1940, Materiality, Risk, ABS, Trust, Investment, Annual report, Sumathi Best Television Current Reporting Award, Security (finance), Holding company, COVID-19, Chimera

The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock.

Key Points: 
  • The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock.
  • The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.
  • The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.484375 per share of 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.
  • The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.

TRIUMPH ADVANCES BOARD REFRESHMENT

Retrieved on: 
Tuesday, May 30, 2023
Agreement, Lead, Compensation, Triumph Group, Annual Meetings of the International Monetary Fund and the World Bank Group, Triumph (board game), Junior (Röyksopp album), Sumathi Best Television Current Reporting Award, Good, Sustainability, Annual general meeting, CIO, Growth, TGI, NYSE, Holding company, Management, Shareholder, Courtney

Beginning today, Mr. Allen will serve as a non-voting Board Observer until he is elected to the TRIUMPH Board.

Key Points: 
  • Beginning today, Mr. Allen will serve as a non-voting Board Observer until he is elected to the TRIUMPH Board.
  • Beginning today, Mr. Mather will serve as a non-voting Board Observer until he is elected to the TRIUMPH Board.
  • William "Bill" L. Mansfield will retire from the TRIUMPH Board, effective as of the Annual Meeting, following 11 years of service.
  • "The TRIUMPH Board is committed to best-in-class corporate governance and ongoing director refreshment to support the Company's goals," said Cynthia M. Egnotovich, Chair of the Nominating, Governance and Sustainability Committee.

Minority Equality Opportunities Acquisition Inc. Announces Postponement of Special Meeting of Shareholders Until Wednesday, May 31, 2023 at 2:00 p.m. EDT and Provides Market Update

Retrieved on: 
Friday, May 26, 2023
Business, Business analyst, EDT, Bangladesh Securities and Exchange Commission, Prospectus, Sumathi Best Television Current Reporting Award, Acquisition, Special, Lifting, Security (finance), Cryptocurrency, Digerati

On May 24, 2023, MEOA determined to postpone the Special Meeting until 10:00 a.m. EDT on Friday, May 26, 2023.

Key Points: 
  • On May 24, 2023, MEOA determined to postpone the Special Meeting until 10:00 a.m. EDT on Friday, May 26, 2023.
  • On May 25, 2023, MEOA determined to further postpone the Special Meeting until 2:00 p.m. EDT on Wednesday, May 31, 2023.
  • The trading halt was imposed following volatility in the trading price and volume of MEOA’s securities on the morning on Wednesday, May 24, 2023.
  • Those stockholders who submitted requests that their shares be redeemed may withdraw such redemption requests, with MEOA’s consent, at any time until the closing of the Business Combination.

Agrify Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)

Retrieved on: 
Tuesday, May 23, 2023
Late, Bank statement, Form 10-K, Sumathi Best Television Current Reporting Award, Form, Security (finance), Letter, Cryptocurrency

This notification has no immediate effect on the listing of Agrify’s common stock on the Nasdaq.

Key Points: 
  • This notification has no immediate effect on the listing of Agrify’s common stock on the Nasdaq.
  • However, if Agrify fails to timely regain compliance with the Nasdaq Listing Rule, Agrify’s common stock will be subject to delisting from Nasdaq.
  • Under the Nasdaq rules, the Company has until June 20, 2023 to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule.
  • If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.

Renren Announces Repurchase of SoftBank Shares

Retrieved on: 
Wednesday, May 24, 2023
Software as a service, Sumathi Best Television Current Reporting Award, Renren, SoftBank Group, NYSE, Bangladesh Securities and Exchange Commission, Share repurchase, OTC Bulletin Board, ADS, Security (finance)

PHOENIX, May 24, 2023 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates two U.S.-based SaaS businesses, Chime Technologies Inc.© and Trucker Path Inc.©, today announced the repurchase of 288 million ordinary shares of the Company held by SoftBank Group Capital Limited ("SoftBank").

Key Points: 
  • PHOENIX, May 24, 2023 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates two U.S.-based SaaS businesses, Chime Technologies Inc.© and Trucker Path Inc.©, today announced the repurchase of 288 million ordinary shares of the Company held by SoftBank Group Capital Limited ("SoftBank").
  • On May 23, 2023, Renren entered into a share repurchase agreement with SoftBank, under which the Company repurchased from SoftBank 152,870,520 Class A ordinary shares and 135,129,480 Class B ordinary shares of the Company at an aggregate purchase price of US$7,132,160, which is equivalent to US$1.1144 per ADS.
  • The Company used cash on hand to complete the share repurchase and retired the ordinary shares purchased.
  • The share repurchase was made under the Company's current share repurchase program as previously approved by the board of directors of the Company (the "Board").

HYZON MOTORS RECEIVES ADDITIONAL STAFF DETERMINATION FROM NASDAQ REGARDING Q1 2023 FORM 10-Q

Retrieved on: 
Tuesday, May 23, 2023
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Hyzon has been requested by the Staff to present its views with respect to this additional deficiency to the Nasdaq Hearings Panel in writing no later than May 24, 2023.

Key Points: 
  • Hyzon has been requested by the Staff to present its views with respect to this additional deficiency to the Nasdaq Hearings Panel in writing no later than May 24, 2023.
  • In view of the Hearings Panel's decision granting the Company's request for extension to file the Q1 2023 Form 10-Q by June 7, 2023, the Company intends to respond to the Second Additional Staff Determination by May 24, 2023 to present the Company's views with respect to this additional deficiency.
  • On May 10, 2023, the Hearings Panel granted the Company's requested extensions, providing the Company until May 31, 2023 to file the 2022 Form 10-K, and until June 7, 2023 to file the Q1 2023 Form 10-Q.
  • Hyzon is working diligently to file its 2022 Form 10-K and Q1 2023 Form 10-Q as soon as practicable.

Kaspien Holdings Inc. Announces Voluntary Delisting from The Nasdaq Capital Market

Retrieved on: 
Monday, May 22, 2023
8-K, OTCQB, KSPN, Securities and Exchange Commission (Nigeria), OTC Bulletin Board, Sumathi Best Television Current Reporting Award, Kaspien, OTC, Security (finance)

SPOKANE, Wash., May 22, 2023 /PRNewswire/ -- Kaspien Holdings Inc. (Nasdaq: KSPN) ("Kaspien" or the "Company"), a leading e-commerce marketplace growth platform, today notified The Nasdaq Stock Market LLC ("Nasdaq") of the Company's decision to voluntarily delist its common stock from The Nasdaq Capital Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") on or about June 1, 2023.

Key Points: 
  • SPOKANE, Wash., May 22, 2023 /PRNewswire/ -- Kaspien Holdings Inc. (Nasdaq: KSPN) ("Kaspien" or the "Company"), a leading e-commerce marketplace growth platform, today notified The Nasdaq Stock Market LLC ("Nasdaq") of the Company's decision to voluntarily delist its common stock from The Nasdaq Capital Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") on or about June 1, 2023.
  • As a result, the Company expects the delisting of its common stock to become effective on or about June 12, 2023.
  • After careful evaluation of the options available to the Company, the Company's board of directors (the "Board") has determined that the voluntary delisting of the Company's common stock from The Nasdaq Capital Market is in the best interests of the Company and its stockholders.
  • In addition, the Board believes a delisting provides the Company and its stockholders lower operating costs and management time commitment for compliance activities.