Combination company

Pineapple Energy Launches Next Phase of Corporate Development

Retrieved on: 
Wednesday, March 30, 2022
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MINNETONKA, Minn., March 30, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy (“Pineapple”), a leading provider of sustainable solar energy and back-up power to households and small businesses, today launched its next phase of corporate development after the closing of the merger between Pineapple Energy LLC and Communications Systems Inc. (“CSI”).   Pineapple is now publicly traded on the Nasdaq market under the symbol PEGY.

Key Points: 
  • --Stock Trading on Nasdaq Market, Symbol PEGY
    --Closes Concurrent Mergers with Hawaii Energy Connection, E-Gear
    MINNETONKA, Minn., March 30, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy (Pineapple), a leading provider of sustainable solar energy and back-up power to households and small businesses, today launched its next phase of corporate development after the closing of the merger between Pineapple Energy LLC and Communications Systems Inc. (CSI).
  • Roger Lacey, Chairman of Pineapple Energy, noted, I am excited about the opportunities in front of Pineapple.
  • Pineapple also expects to explore possible business combinations with leading energy technology solution providers which would expand Pineapples energy management solutions capabilities.
  • Pineapple Holdings, Inc., which does business as Pineapple Energy (f/k/a Communications Systems, Inc.) (Nasdaq: PEGY), is focused on growing leading local and regional solar, storage, and energy services companies nationwide.

Scilex Holding Company, a majority-owned subsidiary of Sorrento Therapeutics, Inc., enters into a Non-Binding Term Sheet for a $5 Billion Committed Equity Financing Facility to be Effective in Connection with the Closing of the Merger with Vickers Vantage

Retrieved on: 
Friday, March 25, 2022
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The Facility would become effective in connection with the closing of the previously announced pending merger with Vickers Vantage Corp I (Vickers).

Key Points: 
  • The Facility would become effective in connection with the closing of the previously announced pending merger with Vickers Vantage Corp I (Vickers).
  • Scilex would not be obligated to utilize any of the $5 billion facility and would be able to enter other financing transactions.
  • The term sheet contemplates that in connection with the closing of the merger with Vickers, Scilex would enter into definitive agreements with respect to the Facility.
  • The boards of directors of each of VCKA, Scilex and Sorrento have unanimously approved the proposed transaction.

 Communications Systems, Inc. Announces Closing of the Merger with Pineapple Energy LLC and Changes its Name to Pineapple Holdings, Inc.

Retrieved on: 
Monday, March 28, 2022
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Communications Systems, Inc. (Nasdaq: JCS) (the Company or Pineapple Energy) today announced the closing of its merger with Pineapple Energy LLC.

Key Points: 
  • Communications Systems, Inc. (Nasdaq: JCS) (the Company or Pineapple Energy) today announced the closing of its merger with Pineapple Energy LLC.
  • Immediately prior to the merger, Pineapple Energy completed its acquisition of two Hawaiian solar companies, Hawaii Energy Connection, LLC and E-Gear, LLC.
  • As a member of the Pineapple Energy board, I look forward to leveraging our collective dealmaking and industry expertise to support the Pineapple Energy M&A strategy.
  • Pineapple Energy does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

HUB Cyber Security (Israel) Limited, Developer of Confidential Computing Solutions for Enterprises & Governments, to Become Publicly Traded on Nasdaq Through Business Combination with Mount Rainier Acquisition Corp.

Retrieved on: 
Wednesday, March 23, 2022
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HUB develops and markets Confidential Computing solutions and services that aim to disrupt cybersecurity for enterprises and governments worldwide.

Key Points: 
  • HUB develops and markets Confidential Computing solutions and services that aim to disrupt cybersecurity for enterprises and governments worldwide.
  • Moshe said, We have a wide range of game-changing cybersecurity hardware technology and services for better global cyber defense.
  • The U.S. is our prime target market for growth and we seek to expand our U.S. operations significantly via this business combination.
  • HUB meets all these criteria and we are delighted to be able to recommend this business combination to our stockholders.

HUB Security, Developer of Confidential Computing Solutions for Enterprises & Governments, to Become Publicly Traded on Nasdaq Through Business Combination with Mount Rainier Acquisition Corp

Retrieved on: 
Wednesday, March 23, 2022
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HUB develops and markets Confidential Computing solutions and services that aim to disrupt cybersecurity for enterprises and governments worldwide.

Key Points: 
  • HUB develops and markets Confidential Computing solutions and services that aim to disrupt cybersecurity for enterprises and governments worldwide.
  • The U.S. is our prime target market for growth and we seek to expand our U.S. operations significantly via this business combination.
  • We are passionate and excited about this opportunity to become publicly listed in the U.S. on Nasdaq and to continue our growth and global expansion."
  • HUB meets all these criteria and we are delighted to be able to recommend this business combination to our stockholders.

Apexigen and Brookline Capital Acquisition Corp. Announce Business Combination Agreement to Create Publicly Listed Immuno-oncology Company

Retrieved on: 
Friday, March 18, 2022
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Brookline Capital Markets is acting as capital markets advisor to Brookline Capital Acquisition Corp. Wedbush PacGrow is acting as exclusive strategic financial advisor to Apexigen.

Key Points: 
  • Brookline Capital Markets is acting as capital markets advisor to Brookline Capital Acquisition Corp. Wedbush PacGrow is acting as exclusive strategic financial advisor to Apexigen.
  • Additional information about the proposed business combination and related transactions will be described in Brookline Capital Acquisition Corp.s Current Report on Form 8-K and combined proxy statement/prospectus relating to the proposed business combination and the respective businesses of Brookline Capital Acquisition Corp. and Apexigen which Brookline Capital Acquisition Corp. will file with the SEC.
  • The proposed business combination and related transactions will be submitted to stockholders of Brookline Capital Acquisition Corp. for their consideration.
  • Apexigen, Brookline Capital Acquisition Corp. and their respective directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from Brookline Capital Acquisition Corp.s stockholders in respect of the proposed business combination and related transactions.

NortonLifeLock Updates Merger Closing Date to April 4, 2022

Retrieved on: 
Thursday, February 17, 2022
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We now expect the transaction to close on April 4, 2022, after the end of NortonLifeLock's fiscal year 2022."

Key Points: 
  • We now expect the transaction to close on April 4, 2022, after the end of NortonLifeLock's fiscal year 2022."
  • On February 18, 2022, we will release an updated expected timetable for the closing of the Merger.
  • ET / 7 a.m. UK on February 18, 2022) and will be made available on NortonLifeLock's IR website promptly thereafter.
  • NortonLifeLock Inc. (NASDAQ: NLOK) is a global leader in consumer Cyber Safety, protecting and empowering people to live their digital lives safely.

NortonLifeLock Receives Antitrust Clearance in Germany for the Recommended Merger with Avast plc

Retrieved on: 
Monday, February 7, 2022
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TEMPE, Ariz., Feb. 7, 2022 /PRNewswire/ -- NortonLifeLock (NASDAQ: NLOK), a global leader in consumer Cyber Safety, today announced that its recommended merger (the "Merger") with Avast plc ("Avast") has received antitrust clearance from Germany's Federal Cartel Office.

Key Points: 
  • TEMPE, Ariz., Feb. 7, 2022 /PRNewswire/ -- NortonLifeLock (NASDAQ: NLOK), a global leader in consumer Cyber Safety, today announced that its recommended merger (the "Merger") with Avast plc ("Avast") has received antitrust clearance from Germany's Federal Cartel Office.
  • On February 3, 2022, the boards of Avast and NortonLifeLock released an updated expected timetable for the closing of the Merger.
  • Subject to thesatisfaction or, if applicable, waiver by NortonLifeLock of the outstanding regulatory conditions, the Merger is expected to be completed on February 24, 2022.
  • NortonLifeLock Inc. (NASDAQ: NLOK) is a global leader in consumer Cyber Safety, protecting and empowering people to live their digital lives safely.

Creating the leading E&P company of the future Combining AkerBP and Lundin Energy

Retrieved on: 
Tuesday, December 21, 2021
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Lundin Energy AB (Lundin Energy or the Company) is pleased to announce that the Board of Directors of Lundin Energy and AkerBP have reached an agreement on a combination (Combination Proposal) to create the leading European independent E&P company (the Combined Company) with a world class asset base, industry leading operating costs and low carbon emissions with increased and sustainable dividends.

Key Points: 
  • Lundin Energy AB (Lundin Energy or the Company) is pleased to announce that the Board of Directors of Lundin Energy and AkerBP have reached an agreement on a combination (Combination Proposal) to create the leading European independent E&P company (the Combined Company) with a world class asset base, industry leading operating costs and low carbon emissions with increased and sustainable dividends.
  • Upon written request by AkerBP, the Board of Directors has permitted AkerBP to conduct confirmatory due-diligence and Lundin Energy has conducted a similar reciprocal due diligence review of AkerBP.
  • For Lundin Energy shareholders, this will deliver a significant cash consideration and the opportunity to be a shareholder in the leading European E&P company.
  • AkerBP and Lundin Energy will co-host an investor and press conference call today, Tuesday 21 December 2021 at 16:00 CET.

Nauticus Robotics, a Developer of Cloud-Based AI Software to Power its Ocean Robots and Services, to Become a Publicly Traded Company Via Merger with CleanTech Acquisition Corp.

Retrieved on: 
Friday, December 17, 2021
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Nauticus develops revolutionary cloud-based autonomy software to enable a smarter and more sustainable ocean industry using its fleet of autonomous robots from the surface to the seabed.

Key Points: 
  • Nauticus develops revolutionary cloud-based autonomy software to enable a smarter and more sustainable ocean industry using its fleet of autonomous robots from the surface to the seabed.
  • These robots are enabled by the Nauticus Software Suite, a platform of AI/ML technologies designed to disrupt the legacy methods in the marine industry.
  • Nauticus Founder, Chairman & Chief Executive Officer, Nicolaus Radford and the current management team will continue to lead the Combined Company.
  • Nauticus , is a Houston-based developer of cloud-based subsea robots, software, and services delivered in a modern business model to the ocean industry.