Securities & Exchange Commission of Pakistan

Sun Communities, Inc. Prices $400 Million of Senior Notes

Retrieved on: 
Monday, January 9, 2023
Citigroup, Security (finance), SUI, Sun Communities, Trust, U.S. Bancorp, Broadridge Financial Solutions, 3rd Floor, Goldman Sachs, TEL, Securities & Exchange Commission of Pakistan, NYSE, Telephone, Scotiabank, Regional Security System, Ramirez, Partnership, Madison Avenue, Attention, Wells Fargo, BofA Securities, Note, RBC Capital Markets, Sale, BMO Capital Markets, Prospectus, J. P. Morgan

The public offering price for the Notes was 99.729% of the principal amount for an effective yield to maturity of 5.736%.

Key Points: 
  • The public offering price for the Notes was 99.729% of the principal amount for an effective yield to maturity of 5.736%.
  • The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed fully and unconditionally by the Company.
  • The offering is expected to close on or about January 17, 2023, subject to customary closing conditions.
  • The Notes will be issued pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.

Genius Group Signs Term Sheet for US$7.5 Million Share Subscription and Purchase Agreement

Retrieved on: 
Monday, January 9, 2023
University, Primary, Secondary, Education, Technology, Training, Preschool, Apps, Applications, Software, Internet, Mobile, Wireless, Continuing, Register, Distell Group Limited, Corporate finance, ATM, Securities & Exchange Commission of Pakistan, NYSE, Asset purchase agreement, Registration statement, VWAP, Sale, Bank, Security (finance)

Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group, signed a non-binding term sheet with Global Corporate Finance (the “Purchaser”) to place up to US$7.5 million of financing, pursuant to the sale of the Company’s ordinary shares in at-the-market financing transactions (the “ATM Financing Commitment”).

Key Points: 
  • Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group, signed a non-binding term sheet with Global Corporate Finance (the “Purchaser”) to place up to US$7.5 million of financing, pursuant to the sale of the Company’s ordinary shares in at-the-market financing transactions (the “ATM Financing Commitment”).
  • The ordinary shares would be issued in tranches at the Company’s sole discretion over the 30-month term, subject to terms and conditions to be negotiated and included in the definitive agreement.
  • “Genius Group is excited to add Global Corporate Finance as part of our institutional shareholder base and is looking forward to building a long-term relationship,” said Roger James Hamilton, CEO and founder of Genius Group.
  • “Global Corporate Finance is delighted to partner with Genius Group and add them to our portfolio of high-growth companies,” said Randy Rivera, managing director at Global Corporate Finance.

ATEC Announces Select Preliminary Financial 2022 Results, 2023 Guidance and Closing of Flexible, Non-Dilutive Debt Facility

Retrieved on: 
Monday, January 9, 2023
Health Technology, Health, Surgery, Medical Devices, EOS, Security (finance), EBITDA, ATEC, GAAP, Health, Securities & Exchange Commission of Pakistan, Partnership, Growth, Bank

“Our commitment to delivering unmatched procedural sophistication drove sector-leading growth once again in 2022,” said Pat Miles, Chairman and Chief Executive Officer.

Key Points: 
  • “Our commitment to delivering unmatched procedural sophistication drove sector-leading growth once again in 2022,” said Pat Miles, Chairman and Chief Executive Officer.
  • The Company anticipates full-year 2023 total revenue of $438 million, reflecting growth of approximately 25% compared to the full-year 2022.
  • Further detail will be provided when the Company reports fourth quarter and full-year 2022 financial results on Tuesday, February 28, 2023, after the market close.
  • Non-GAAP financial results should be considered in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

Acacia Announces CFO Succession Plan

Retrieved on: 
Monday, January 9, 2023
Banking, Professional Services, Finance, Finance, Starboard Value, Securities & Exchange Commission of Pakistan, Financial Reporting Council, LP, Hotel manager, Market for corporate control, International Auditing and Assurance Standards Board, Regents of the University of California, Acquisition, Economics, Audit, ACTG, University, Acacia Research, Management, Risk management, Security (finance)

Acacia thanks Mr. Rosenstein for his significant contributions and strong leadership during his tenure.

Key Points: 
  • Acacia thanks Mr. Rosenstein for his significant contributions and strong leadership during his tenure.
  • Rich’s efforts helped transform Acacia into a well-capitalized corporate acquisition platform and have positioned us to pursue attractive opportunities that can drive long-term shareholder value.
  • Fortunately, Acacia has developed a deep and experienced finance team to guide the Company forward.
  • Kirsten Hoover is an experienced corporate finance professional with strong institutional knowledge of Acacia and its go-forward strategy.

Nabriva Therapeutics Provides Corporate Update

Retrieved on: 
Friday, January 6, 2023
Wind, Securities & Exchange Commission of Pakistan, Merck, Security (finance), Hercules, Sale, Bank

DUBLIN, Ireland, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Nabriva Therapeutics plc (NASDAQ: NBRV) today announced that, after an assessment of strategic options, its Board of Directors approved a plan to preserve cash in order to adequately fund an orderly wind down of the Company’s operations.

Key Points: 
  • DUBLIN, Ireland, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Nabriva Therapeutics plc (NASDAQ: NBRV) today announced that, after an assessment of strategic options, its Board of Directors approved a plan to preserve cash in order to adequately fund an orderly wind down of the Company’s operations.
  • As previously disclosed, the Company engaged Torreya Capital to facilitate the exploration of a range of strategic options, including potential in-licensing or out-licensing of commercial stage assets.
  • To preserve cash in order to adequately fund an orderly wind down and enable a sale of its assets, Nabriva plans to terminate all employees, including officers of the Company, not deemed necessary to execute an orderly wind-down of the Company.
  • Nabriva estimates that it will incur approximately $6.0 million for severance and other employee termination-related costs in the first quarter of 2023.

Global Diversified Marketing Group Announces Engagement with Spencer Clarke LLC Investment Banking Services

Retrieved on: 
Wednesday, January 4, 2023
Acquisition, ISLAND, Investment banking, Spencer Clark, Securities & Exchange Commission of Pakistan, OTC, Security (finance), Financial services, Management

ISLAND PARK, N.Y., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Global Diversified Marketing Group Inc., Delaware corporation (OTC: GDMK) (the “Company”), announced it has entered an Investment Banking relationship with New York based boutique Investment Bank, Spencer Clarke LLC, to provide financial services.

Key Points: 
  • ISLAND PARK, N.Y., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Global Diversified Marketing Group Inc., Delaware corporation (OTC: GDMK) (the “Company”), announced it has entered an Investment Banking relationship with New York based boutique Investment Bank, Spencer Clarke LLC, to provide financial services.
  • The Company intends to leverage Spencer Clarke relationships with major financial institutions for the purposes of expansion, acquisition, and enhancement of shareholder value.
  • For more details, please refer to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 8, 2022, at https:\\www.sec.gov
    Paul Adler, President & CEO of Global Diversified Marketing Group, commented: “We believe this relationship will help us execute on our expansion plans in 2023 and will help us implement our acquisition strategy as well as accelerate our growth.”
    “The company has demonstrated its ability to grow and has a multifaceted business and we look forward to helping them scale with new opportunities.
  • The ecommerce segment continues to grow exponentially, giving Global opportunity to own unique assets is a priority,” comments Reid Drescher, President & CEO at Spencer Clarke.

Oatly and Ya YA Foods Announce Long-Term Strategic Hybrid Manufacturing Partnership in North America

Retrieved on: 
Tuesday, January 3, 2023
Partnership, Food safety, Securities & Exchange Commission of Pakistan, Food, Report, Public expenditure, Security (finance), Pacific Equity Partners, Oat, Growth, Oat milk, PET, Bottled water, Oatly

MALMÖ, Sweden and TORONTO, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world’s original and largest oat drink company, and Ya YA Foods Corporation, a leading contract manufacturer of a broad range of aseptic food and beverage products, today announced a long-term strategic hybrid partnership in North America.

Key Points: 
  • MALMÖ, Sweden and TORONTO, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world’s original and largest oat drink company, and Ya YA Foods Corporation, a leading contract manufacturer of a broad range of aseptic food and beverage products, today announced a long-term strategic hybrid partnership in North America.
  • In this hybrid partnership, Oatly will continue to produce its proprietary oat base at both the Ogden, UT and Fort Worth, TX facilities, which will then be transferred to Ya YA Foods to be co-packed into Oatly products on-site at each location.
  • The partnership also marks Ya YA Foods’ entry into the U.S. manufacturing market.
  • Utilizing cutting-edge aseptic and hot-fill processing capabilities for carton and PET bottle packaging solutions, Ya YA Foods provides end-to-end packing solutions to blue-chip food and beverage companies.

WSFS Completes Merger and Brand Conversion of Cypress Capital Management and West Capital Management into Bryn Mawr Capital Management

Retrieved on: 
Tuesday, January 3, 2023
Banking, Professional Services, Finance, Trust, Wealth management, WSFS, Securities & Exchange Commission of Pakistan, Bryn Mawr, Risk management, Security (finance), Financial services

WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) has completed the merger and brand conversion of Cypress Capital Management and West Capital Management and has renamed the combined entity Bryn Mawr Capital Management, LLC, effective January 1, 2023.

Key Points: 
  • WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) has completed the merger and brand conversion of Cypress Capital Management and West Capital Management and has renamed the combined entity Bryn Mawr Capital Management, LLC, effective January 1, 2023.
  • Bryn Mawr Capital Management is registered as an investment advisor with the U.S. Securities and Exchange Commission and is a wholly owned subsidiary of WSFS.
  • It brings together the equity in the Bryn Mawr Trust name and a distinct connection to WSFS.
  • Cypress Capital Management and West Capital Management Clients will continue to be served by the same advisory team as part of Bryn Mawr Capital Management.

BitNile Holdings Announces Postponement of the Distribution of Securities of Imperalis Holding

Retrieved on: 
Wednesday, December 28, 2022
Professional Services, Blockchain, Technology, Cryptocurrency, Software, Finance, Hardware, III, NYSE, Distribution, Securities & Exchange Commission of Pakistan, NILE, Security (finance)

BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that the record date for the stock dividend for the spinoff of Imperalis Holding , to be renamed TurnOnGreen (“TurnOnGreen”), which was previously set for January 17, 2023, has been cancelled until further notice.

Key Points: 
  • BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that the record date for the stock dividend for the spinoff of Imperalis Holding , to be renamed TurnOnGreen (“TurnOnGreen”), which was previously set for January 17, 2023, has been cancelled until further notice.
  • Federal securities laws require that the Distribution Securities have been registered for distribution prior to the date set therefor.
  • The Company remains intent on effectuating the Distribution as soon as it may do so in compliance with federal securities compliance and appropriate regulatory approval.
  • The Company’s Founder and Executive Chairman, Milton "Todd" Ault, III, said, “We are committed to completing our announced distribution of securities in TurnOnGreen.

SIFCO Industries, Inc. ("SIFCO") Announces Fourth Quarter and Full Year Fiscal 2022 Financial Results

Retrieved on: 
Friday, December 23, 2022
Aerospace, Technology, Manufacturing, Semiconductor, Other Manufacturing, Military, Steel, Defense, Engineering, Machinery, Machine Tools, Metalworking & Metallurgy, Annual report, Adjustment, Risk, Smaller reporting company, EBITDA, Securities & Exchange Commission of Pakistan, Pandemic, GAAP, COVID-19, News, Security (finance), NYSE, Forging, Recycling, Video game, Spice

SIFCO Industries, Inc. (NYSE American: SIF) today announced financial results for its fourth quarter and fiscal 2022, which ended September 30, 2022.

Key Points: 
  • SIFCO Industries, Inc. (NYSE American: SIF) today announced financial results for its fourth quarter and fiscal 2022, which ended September 30, 2022.
  • Net sales in the fourth quarter of fiscal 2022 decreased 23.4% to $18.6 million, compared with $24.3 million for the same period in fiscal 2021.
  • EBITDA was $(5.2) million in the fourth quarter of fiscal 2022, compared with $(0.8) million in the fourth quarter of fiscal 2021.
  • Adjusted EBITDA in the fourth quarter of fiscal 2022 was $(4.8) million, compared with Adjusted EBITDA of $0.2 million in the fourth quarter of fiscal 2021.