WHEN

Ellington Financial and Arlington Asset Investment Corp. Announce Definitive Merger Agreement

Retrieved on: 
Tuesday, May 30, 2023
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Ellington Financial Inc. (NYSE: EFC) (“Ellington Financial”), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Arlington Asset Investment Corp. (NYSE: AAIC) (“Arlington”), a real estate investment trust that invests primarily in mortgage-related and other assets, announced today that they have entered into a definitive merger agreement pursuant to which Ellington Financial will acquire Arlington.

Key Points: 
  • Ellington Financial Inc. (NYSE: EFC) (“Ellington Financial”), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Arlington Asset Investment Corp. (NYSE: AAIC) (“Arlington”), a real estate investment trust that invests primarily in mortgage-related and other assets, announced today that they have entered into a definitive merger agreement pursuant to which Ellington Financial will acquire Arlington.
  • Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C., will continue to manage the combined company.
  • In connection with the proposed merger, Ellington Financial intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of Arlington and a prospectus of Ellington Financial.
  • Ellington Financial and Arlington and their respective directors and executive officers and certain other affiliates of Ellington Financial and Arlington may be deemed to be participants in the solicitation of proxies from Arlington stockholders in connection with the proposed merger.

Nano Dimension Launches $18.00 Per Share All-Cash Special Tender Offer to Increase Ownership in Stratasys to between 53% and 55% of Its Outstanding Shares

Retrieved on: 
Thursday, May 25, 2023
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Waltham, Mass, May 25, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “NANO” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today announced that it has commenced a special tender offer to purchase between 38.8% and 40.8% of the outstanding ordinary shares of Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”) for $18.00 per share in cash, less any required withholding taxes and without interest. The successful completion of the special tender offer would result in Nano Dimension’s beneficial ownership of between 53% and 55% of the outstanding Stratasys shares, inclusive of the approximately 14.2% of Stratasys’ outstanding ordinary shares that Nano Dimension currently owns.

Key Points: 
  • The successful completion of the special tender offer would result in Nano Dimension’s beneficial ownership of between 53% and 55% of the outstanding Stratasys shares, inclusive of the approximately 14.2% of Stratasys’ outstanding ordinary shares that Nano Dimension currently owns.
  • “We believe our offer delivers certain all-cash value to Stratasys’ shareholders at a premium in excess of what Stratasys can deliver to its shareholders.
  • In conjunction with the special tender offer, Nano Dimension today also released a presentation further detailing the benefits of the special tender offer to Stratasys’ shareholders and the strategic rationale for the tender offer as summarized below:
    Nano Dimension’s special tender offer price of $18.00 per share is a premium to all relevant Stratasys historical trading levels, and in excess of J.P. Morgan’s (Stratasys’ financial advisor) last published target price of $16.00 before dropping coverage in March 2023.
  • The Company will host a conference call to discuss the special tender offer Tuesday, May 30th, 2023 at 9:00 a.m. EDT (4:00 p.m. IDT).

Star Equity Fund Launches Proxy Solicitation at Servotronics

Retrieved on: 
Tuesday, May 23, 2023
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OLD GREENWICH, Conn., May 23, 2023 (GLOBE NEWSWIRE) -- Star Equity Fund, LP (“Star Equity” or “we”) is an investment fund focused on unlocking shareholder value and improving corporate governance at its portfolio companies. Star Equity owns 5.4% of the common stock of Servotronics, Inc. (NYSE American: SVT) (“Servotronics,” “SVT,” or the “Company”) and announced today it has filed its definitive proxy statement and begun soliciting proxies urging all stockholders to vote the WHITE proxy card to elect G. Mark Pomeroy and Richard K. Coleman, Jr. to the Company’s board of directors (the “Board”) at the Company’s 2023 annual meeting of shareholders (the “Annual Meeting”), which will be held in a virtual format on June 9, 2023 at 9:00 a.m., E.T.

Key Points: 
  • OLD GREENWICH, Conn., May 23, 2023 (GLOBE NEWSWIRE) -- Star Equity Fund, LP (“Star Equity” or “we”) is an investment fund focused on unlocking shareholder value and improving corporate governance at its portfolio companies.
  • Star Equity Fund, LP (“Star Equity Fund”), together with the other participants named herein (collectively, “Star Equity”), intends to file a definitive proxy statement and accompanying WHITE proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit votes for the election of its slate of highly-qualified director nominees at the 2023 annual meeting of stockholders of Servotronics, Inc., a Delaware corporation (the “Company”).
  • STAR EQUITY STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
  • IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.

ONEOK Announces Retirement of Stephen B. Allen, Senior Vice President, General Counsel and Assistant Secretary

Retrieved on: 
Monday, May 22, 2023
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TULSA, Okla., May 22, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that Stephen B. Allen, senior vice president, general counsel and assistant secretary will retire in mid-August 2023 after more than 17 years with the company.

Key Points: 
  • TULSA, Okla., May 22, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that Stephen B. Allen, senior vice president, general counsel and assistant secretary will retire in mid-August 2023 after more than 17 years with the company.
  • Allen is leaving ONEOK to join Dallas-based GuideStone, a leading faith-based financial services organization.
  • Norton added, "Having known Stephen for almost 20 years, his decision to retire and dedicate himself to work for a ministry organization does not surprise me.
  • "It was an honor and privilege to work for ONEOK for all these years.

Institutional Shareholder Services (ISS) Recommends a Vote on the White Proxy Card to Elect Both Star Equity Fund Director Nominees at Firsthand Technology Value Fund

Retrieved on: 
Wednesday, May 17, 2023
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OLD GREENWICH, Conn., May 17, 2023 (GLOBE NEWSWIRE) -- Star Equity Fund, LP (“Star Equity Fund” or “we”) is an investment fund focused on unlocking shareholder value and improving corporate governance at its portfolio companies. Star Equity Fund owns 6.2% of the common stock of Firsthand Technology Value Fund, Inc. (Nasdaq GM: SVVC) (“Firsthand” or “Company”) and announced today that Institutional Shareholder Services (“ISS”), a leading independent proxy voting advisory firm, has recommended that Firsthand’s shareholders vote on Star Equity Fund’s WHITE proxy card to elect both its nominees – Robert Pearse and Hannah Bible – to the Company’s board of directors (the “Board”) at its upcoming 2023 annual meeting of shareholders (the “Annual Meeting”). ISS recommended that Firsthand’s stockholders “DO NOT VOTE” on the Company’s blue proxy card. SVVC’s Annual Meeting will be held in a virtual format on May 26, 2023, at 5:00 p.m. ET / 2:00 p.m. PT.

Key Points: 
  • ISS recommended that Firsthand’s stockholders “DO NOT VOTE” on the Company’s blue proxy card.
  • SVVC’s Annual Meeting will be held in a virtual format on May 26, 2023, at 5:00 p.m.
  • Jeff Eberwein, Portfolio Manager of Star Equity Fund, remarked, “We are gratified by the overwhelming endorsement from the proxy advisor firm ISS in our election campaign at Firsthand Value Technology Fund.
  • IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.

Star Equity Fund Launches Proxy Solicitation at Firsthand Technology Value Fund

Retrieved on: 
Monday, May 15, 2023
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OLD GREENWICH, Conn., May 15, 2023 (GLOBE NEWSWIRE) -- Star Equity Fund, LP (“Star Equity Fund” or “we”) is an investment fund focused on unlocking shareholder value and improving corporate governance at its portfolio companies.

Key Points: 
  • OLD GREENWICH, Conn., May 15, 2023 (GLOBE NEWSWIRE) -- Star Equity Fund, LP (“Star Equity Fund” or “we”) is an investment fund focused on unlocking shareholder value and improving corporate governance at its portfolio companies.
  • Star Equity Fund, LP (“Star Equity Fund”), together with the other participants in its proxy solicitation (collectively, “Star Equity”), filed a definitive proxy statement and accompanying WHITE proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit votes for the election of its slate of highly qualified director nominees at the 2023 annual meeting of stockholders of Firsthand Technology Value Fund, Inc., a Maryland corporation (the “Company”).
  • STAR EQUITY STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
  • IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.

Concerned Shareholders of Cano Health Launch Director Withhold Campaign at the Company’s 2023 Annual Meeting

Retrieved on: 
Thursday, May 11, 2023
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We made it clear that a sale of all non-core assets was in shareholders’ best interests and that Cano must focus on its core Florida market.

Key Points: 
  • We made it clear that a sale of all non-core assets was in shareholders’ best interests and that Cano must focus on its core Florida market.
  • We urge you to make your voice heard with your vote at this year’s Annual Meeting, as time is of the essence.
  • 2 Cano Press Release, “Cano Health Announces Financial Results for the First Quarter 2023,” May 9, 2023, https://www.prnewswire.com/news-releases/cano-health-announces-financial... .
  • Mr. Sanchez’s LinkedIn indicates that he was a Co-founder of Cano and the Chief Marketing Officer from March 2015 to October 2018.

Arconic to Be Acquired by Apollo Funds

Retrieved on: 
Thursday, May 4, 2023
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Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”), in an all-cash transaction that values the Company at an enterprise value of approximately $5.2 billion.

Key Points: 
  • Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”), in an all-cash transaction that values the Company at an enterprise value of approximately $5.2 billion.
  • “This transaction represents a realization of value for Arconic shareholders at a meaningful premium and enables the Company to execute its long-term strategic vision.
  • We are pleased to reach this agreement with Apollo,” said Fritz Henderson, Chairman of the Arconic Board of Directors.
  • and Goldman Sachs & Co. LLC are serving as financial advisors to Arconic, and Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Arconic.

OPTIZMO™ Releases New Email Opt-Out Infographic

Retrieved on: 
Wednesday, May 3, 2023
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AUSTIN, Texas, May 03, 2023 (GLOBE NEWSWIRE) -- OPTIZMO Technologies, the industry leader in email suppression list management and email compliance, announces the release of the fifth edition in its Email Opt-Out Infographic series, visualizing opt-out behavior from all of the email opt-out request data processed by the company during 2022.

Key Points: 
  • AUSTIN, Texas, May 03, 2023 (GLOBE NEWSWIRE) -- OPTIZMO Technologies, the industry leader in email suppression list management and email compliance, announces the release of the fifth edition in its Email Opt-Out Infographic series, visualizing opt-out behavior from all of the email opt-out request data processed by the company during 2022.
  • As a tried and tested channel for so many companies, email marketing has evolved significantly over four decades and continues to today.
  • Some of these changes are explored in detail and can be found in OPTIZMO’s latest infographic, which looks at WHEN, WHERE, & from WHAT technology is involved in email opt-out requests.
  • Traditionally, email marketers tend to focus their attention on their key performance indicators (KPIs), such as open rates, click rates, and conversions.

RumbleOn, Inc. Announces Date of 2023 Annual Meeting of Stockholders

Retrieved on: 
Wednesday, May 3, 2023
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RumbleOn, Inc. (NASDAQ: RMBL) (“RumbleOn” or the "Company"), the nation's first technology-based powersports platform, today announced that the Company will hold its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on Friday, July 14, 2023.

Key Points: 
  • RumbleOn, Inc. (NASDAQ: RMBL) (“RumbleOn” or the "Company"), the nation's first technology-based powersports platform, today announced that the Company will hold its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on Friday, July 14, 2023.
  • Further information regarding the Annual Meeting will be set forth in the proxy statement and other proxy materials for the Annual Meeting.
  • RumbleOn intends to file a proxy statement with the SEC in connection with the solicitation of proxies for the Annual Meeting.
  • RUMBLEON STOCKHOLDERS ARE URGED TO READ ANY PROXY STATEMENT AND OTHER RELEVANT MATERIALS IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.