Standardized Natural Hazards Disclosure Statement

Core Scientific Announces Agreement in Principle with Key Constituencies in its Chapter 11 Cases

Retrieved on: 
Monday, October 30, 2023
Professional Services, Data Management, Blockchain, Technology, Cryptocurrency, Software, Fintech, Documentation, Disclosure, OTC, Equity, Title 11 of the United States Code, Standardized Natural Hazards Disclosure Statement, Science, Debtor, Corporate action, Financial services, Core

Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the Company and certain of its affiliates (collectively, the “Debtors”) have reached an agreement in principle (the “Restructuring Term Sheet”) with the Ad Hoc Noteholder Group and the Equity Committee regarding the terms of a chapter 11 plan of reorganization.

Key Points: 
  • Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the Company and certain of its affiliates (collectively, the “Debtors”) have reached an agreement in principle (the “Restructuring Term Sheet”) with the Ad Hoc Noteholder Group and the Equity Committee regarding the terms of a chapter 11 plan of reorganization.
  • The agreement in principle is subject to the finalization of the Debtors’ Third Amended Joint Chapter 11 Plan of Reorganization of Core Scientific, Inc. and its Debtor Affiliates and a related Disclosure Statement, and the execution of a restructuring support agreement (the “Restructuring Support Agreement”) and other definitive documentation, which the Debtors expect to enter into with the Ad Hoc Noteholder Group and the Equity Committee in the coming days.
  • The Restructuring Support Agreement, if and when executed by the Debtors, the Ad Hoc Noteholder Group and the Equity Committee, is expected to include terms consistent with those terms set forth in the Restructuring Term Sheet.
  • The agreement in principle can be found on the SEC’s website, https://www.sec.gov/edgar , and on the Investors section of the Core Scientific website: https://investors.corescientific.com/investors/financials/sec-filings/de...
    Core Scientific’s management continues to work toward emergence by the end of the current calendar year.

Celsius Disclosure Statement Approved by Court

Retrieved on: 
Thursday, August 17, 2023
Professional Services, Other Professional Services, Blockchain, Technology, Cryptocurrency, Finance, Asset Management, Celsius Network, Centerview Partners, LLP, Interim, Bankruptcy, Stretto, Plan, Kirkland & Ellis, Chapter 11, Title 11, United States Code, Eastern Time Zone, Celsius, Standardized Natural Hazards Disclosure Statement, Committee, Official Committee of Equity Security Holders, Perella Weinberg Partners, White & Case, Wind, United States bankruptcy court, BRIC, Willkie Farr & Gallagher, Alvarez and Marsal, Court, Disclosure, Unsecured creditor, Security (finance), Fahrenheit, NewCo

Celsius Network LLC (“Celsius” or the “Company”) announced today that its Disclosure Statement was approved by the United States Bankruptcy Court for the Southern District of New York (“the Court”).

Key Points: 
  • Celsius Network LLC (“Celsius” or the “Company”) announced today that its Disclosure Statement was approved by the United States Bankruptcy Court for the Southern District of New York (“the Court”).
  • The Solicitation Package will include Celsius’ Disclosure Statement and Plan, detailed voting instructions, and additional important information.
  • Celsius encourages customers to read the Disclosure Statement in full to learn more about the Plan.
  • The full terms of the Plan and Disclosure Statement, as well as additional information about the Chapter 11 filing, including Court documents, can be found online free of charge at https://cases.stretto.com/celsius .

BlockFi’s Disclosure Statement Conditionally Approved by Court

Retrieved on: 
Thursday, August 3, 2023
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BlockFi Inc. and certain of its affiliates (“BlockFi” or “the Company”) today announce that its Disclosure Statement was conditionally approved by the United States Bankruptcy Court for the District of New Jersey (“the Court”) on August 2, 2023.

Key Points: 
  • BlockFi Inc. and certain of its affiliates (“BlockFi” or “the Company”) today announce that its Disclosure Statement was conditionally approved by the United States Bankruptcy Court for the District of New Jersey (“the Court”) on August 2, 2023.
  • BlockFi’s Chapter 11 Plan (“Plan”) maximizes recovery for clients and provides for the quickest possible distributions to clients.
  • BlockFi’s eligible creditors have the opportunity to vote in favor of the Plan and will receive BlockFi’s Disclosure Statement and Plan, detailed voting instructions, and additional important information.
  • Capitalized terms used that are not otherwise defined herein shall have the meanings given to them in the Plan and Disclosure Statement.

GWG Holdings Solicits Votes for Chapter 11 Plan

Retrieved on: 
Monday, May 15, 2023
Bankruptcy, Plan, Creditor, Lawsuit, FICC, Chapter 11, Title 11, United States Code, Debtor, Standardized Natural Hazards Disclosure Statement, GWG, Official Committee of Equity Security Holders, Person, Depository Trust Company, United States bankruptcy court, FOXO, Treatment, James Blake discography, Bankruptcy Code, OTC, Court, CDT, Policy, Disclosure, D, Security (finance), Bond (finance)

DALLAS, May 15, 2023 (GLOBE NEWSWIRE) -- On May 15, 2023, GWG Holdings, Inc. (“GWG” or the “Company”) (OTC: GWGHQ) announced that it and its fellow debtors-in-possession in the Chapter 11 cases pending at 22-90032 in the United States Bankruptcy Court for the Southern District of Texas Houston Division (the “Court”) are soliciting votes for the Debtors’ Further Modified Second Amended Joint Chapter 11 Plan, Submitted by the Debtors, the Bondholder Committee, and L Bond Management, LLC as Co-Proponents (the “Plan”) following the Court’s approval of the Disclosure Statement for the Debtors’ Second Amended Joint Chapter 11 Plan (the “Disclosure Statement”).

Key Points: 
  • DALLAS, May 15, 2023 (GLOBE NEWSWIRE) -- On May 15, 2023, GWG Holdings, Inc. (“GWG” or the “Company”) (OTC: GWGHQ) announced that it and its fellow debtors-in-possession in the Chapter 11 cases pending at 22-90032 in the United States Bankruptcy Court for the Southern District of Texas Houston Division (the “Court”) are soliciting votes for the Debtors’ Further Modified Second Amended Joint Chapter 11 Plan, Submitted by the Debtors, the Bondholder Committee, and L Bond Management, LLC as Co-Proponents (the “Plan”) following the Court’s approval of the Disclosure Statement for the Debtors’ Second Amended Joint Chapter 11 Plan (the “Disclosure Statement”).
  • The Plan is supported by the Official Committee of Bondholders (the “Bondholder Committee”), the fiduciary appointed in the Chapter 11 cases to represent the interests of all Bondholders.
  • In connection with the proposed Plan, GWG has filed the Disclosure Statement, the Plan and a Summary of Treatment for Bondholders with the Court.
  • Creditors of GWG and other interested persons are advised to read the Disclosure Statement, the Plan and the Summary Treatment for Bondholders, in connection with GWG’s solicitation of votes for the approval of the proposed Plan because these documents contain important information about GWG and the proposed Plan.

Power Americas Resource Group Ltd. Comments on Recent Promotional Market Activity

Retrieved on: 
Friday, February 17, 2023
Bank statement, Caveat, GAF Materials Corporation, Indian stock exchange, Standardized Natural Hazards Disclosure Statement, Trinidad and Tobago Securities and Exchange Commission, Security (finance), EDGAR, PARG, Sumathi Best Television Current Reporting Award, OTC Markets Group, Digital twin, Marketing, OTC

All potential investors should solely rely on information provided directly by the Company, which internally manages all investor relations, marketing, and corporate communications.

Key Points: 
  • All potential investors should solely rely on information provided directly by the Company, which internally manages all investor relations, marketing, and corporate communications.
  • Company information that may be relied upon may be found on www.otcmarkets.com , www.sec.gov and www.poweramericas.net .
  • These press releases, Disclosure Statements and Form 8-Ks are displayed on the Company's page on the OTC Markets' website.
  • The Company had no knowledge of the subject promotional materials until notified by the OTC Markets Issuer Compliance Team which monitors and enforces OTC Markets Promotion Policies.

GWG Holdings, Inc., et al files Plan and Disclosure Statement

Retrieved on: 
Friday, December 9, 2022
Bankruptcy, Chapter 11, Title 11, United States Code, Sumathi Best Television Current Reporting Award, Hearing, Annual report, Disclosure, OTC, Court, Risk, Standardized Natural Hazards Disclosure Statement, United States Bankruptcy Court for the Southern District of New York, GWG, United States bankruptcy court, Bankruptcy Code, Plan, Security (finance), Property management

Accordingly, no hearing to consider approval of the Disclosure Statement in connection with the Plan has been set at this time and no votes for the Plan are being solicited.

Key Points: 
  • Accordingly, no hearing to consider approval of the Disclosure Statement in connection with the Plan has been set at this time and no votes for the Plan are being solicited.
  • Votes will not be solicited until following such a hearing and the Court’s approval of a Disclosure Statement and solicitation materials for a Plan.
  • The full terms of the Plan and Disclosure Statement, as well as the related pleadings are available free of charge online at: https://www.donlinrecano.com/Clients/gwg/Index .
  • Thus, there is nothing for creditors to do in connection with the Disclosure Statement or Plan at this juncture.

Computer Services, Inc. Shareholders Approve Merger With Catalyst Merger Sub, Inc.

Retrieved on: 
Wednesday, November 9, 2022
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At the Special Meeting, CSI shareholders approved the Merger Agreement.

Key Points: 
  • At the Special Meeting, CSI shareholders approved the Merger Agreement.
  • The completion of the Merger is currently expected to occur on Nov. 15, 2022, subject to the satisfaction or waiver of customary closing conditions.
  • These forward-looking statements include, without limitation, statements regarding the outlook and expectations of the parties with respect to the timing of the closing of the Merger.
  • Forward-looking statements are subject to risks, uncertainties and assumptions which may change over time or as a result of unforeseen circumstances.

CSI to be Acquired by Centerbridge and Bridgeport for $1.6 billion

Retrieved on: 
Monday, August 22, 2022
Professional Services, Security, Technology, Finance, Fintech, Banking, Cloud, Science and technology in Asia, CEO, Technology, Proxy, Calendar, Nelson Mullins Riley & Scarborough, Kirkland & Ellis, Leadership, Company, LLC, Founder, Risk, Standardized Natural Hazards Disclosure Statement, Epidemic, Board, Senior, Supplement, History, Information, THE, Proxy statement, Industry, Corporation, LLP, OTCQX, Solution, Jefferies Group, CSI, Orientation, Press release, Privacy, Acquisition, Nature, Investor relations, Outsourcing, Compliance, Weil, Gotshal & Manges, Annual report, IDC, Pandemic, Forward-looking statement, Retail, Management, Online gambling, Cargo, Bank, Financial services, Risk management, Security (finance), Centerbridge Partners

In addition, I believe that our customers, employees and communities can rest assured thatbased on their historycurrent management, Centerbridge and Bridgeport will continue CSIs legacy.

Key Points: 
  • In addition, I believe that our customers, employees and communities can rest assured thatbased on their historycurrent management, Centerbridge and Bridgeport will continue CSIs legacy.
  • Centerbridge and Bridgeport have deep experience in technology and financial services as owners and operators.
  • In working with Centerbridge and Bridgeport, CSI plans to carry on its tradition of excellence and continue to invest in its product roadmap to bring more solutions to market faster.
  • Centerbridge and Bridgeport bring years of experience driving growth and value for businesses across a variety of industries.

Capital Strategies Group & Goldstein Financial Group Join Forces With Chicago Expansion

Retrieved on: 
Wednesday, August 10, 2022
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CHICAGO, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Capital Strategies Group, Inc. is pleased to announce that it has joined forces with Goldstein Financial Group, LLC ("GFG"), an independent life insurance brokerage and consulting firm based in Chicago, Illinois.

Key Points: 
  • CHICAGO, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Capital Strategies Group, Inc. is pleased to announce that it has joined forces with Goldstein Financial Group, LLC ("GFG"), an independent life insurance brokerage and consulting firm based in Chicago, Illinois.
  • Allan and his team are a true asset for Capital Strategies," stated David F. Byers Jr., J.D., LL.M, Managing Principal of Capital Strategies.
  • In addition to Mr. Goldstein, Capital Strategies' expansion into Chicago will be led by Mr. Byers;T. Hudson Williams, J.D., LL.M.
  • Capital Strategies Group, Inc. is independently owned and operated.Capital Strategies Group, Inc. is a member of M Financial Group.

OMID Holdings Posts 2021 Annual Financial Report

Retrieved on: 
Thursday, March 10, 2022
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Phillipsburg, NJ, March 10, 2022 (GLOBE NEWSWIRE) -- Today, OMID Holdings, Inc. (OTC Pink: OMID) posted its Unaudited Financial & Disclosure Statements for the Year Ended December 31, 2021.

Key Points: 
  • Phillipsburg, NJ, March 10, 2022 (GLOBE NEWSWIRE) -- Today, OMID Holdings, Inc. (OTC Pink: OMID) posted its Unaudited Financial & Disclosure Statements for the Year Ended December 31, 2021.
  • OMID has continued to grow as a company in many aspects, which cannot be appreciated in the reports alone.
  • As we wrap up our financial auditing for the prior several years in preparation for an uplist, I remain ambitious about our activities in 2022. stated Adam Frank, the Chairman & CEO of OMID Holdings, Inc.
    For regular updates and additional information about OMID Holdings, consider subscribing to the OMID Manufacturing YouTube channel via the link below.
  • OMID Holdings, Inc. is a publicly-traded (OTC Pink: OMID) Florida corporation which focuses on developing and manufacturing various health and wellness products at its FDA-registered manufacturing facility in Phillipsburg, NJ.