Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.

Premier Diversified Holdings Inc. Announces Letter of Intent for Acquisition of AJA Health and Wellness Ltd., Assured Diagnosis Inc., and AJA Therapeutics Inc.

Retrieved on:

Thursday, September 21, 2023

VANCOUVER, British Columbia, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Premier Diversified Holdings Inc. ("PDH" or the "Company") (TSXV: PDH) is pleased to announce it has entered into a non-binding letter of intent (the "LOI") among AJA Health and Wellness Ltd. ("AJA Health"), AJA Therapeutics Inc. ("ATI"), Assured Diagnosis Inc. ("ADI"), James Viccars, Elizabeth Bryant Viccars and Deluxe Holdings Inc. ("DHI"), dated September 20, 2023, 2023 (the "Letter of Intent"), pursuant to which, subject to regulatory approval including that of the TSX Venture Exchange (the "Exchange"), PDH intends to acquire (the “AJA Health Acquisition”) all of the issued and outstanding class A common shares (“AJA Class A Shares”) and series 2 preferred shares of AJA Health (“AJA Preferred Shares” and together with the AJA Class A Shares, the “AJA Shares”) and the issued and outstanding shares (the “ADI Shares”) of ADI (the “ADI Acquisition”) by way of share exchange, three-cornered amalgamation or other similar form of transaction, and to acquire all of the shares held by James Viccars, Elizabeth Bryant Viccars and DHI in the capital of ATI in exchange for shares of PDH (the “ATI Share Purchase” and together with the AJA Health Acquisition and the ADI Acquisition, the "Acquisition"). The final structure of the Acquisition is subject to receipt of tax, corporate and securities law advice.

Key Points:

AJA Health and Wellness Ltd.
AJA Health was incorporated on February 18, 2015 in Alberta under the name MyCare MedTech Inc.
AJA Health anticipates completing a private placement of up to 12,500,000 AJA Class A Shares prior to closing of the Acquisition.
PDH currently owns 6,015,382 AJA Preferred Shares and 5,144,000 AJA Class A Shares for a total of 11,159,382 AJA Shares and will have 11,278,180 AJA Shares upon the debt settlement with AJA Health which will occur prior to closing of the Acquisition.
AJA Health owns 25,000,000 ATI Shares and Each of Jim Viccars, Elizabeth Bryant Viccars and DHI own 500,000 ATI Shares.

SHAREHOLDER ALERT: The Law Offices of Vincent Wong Investigate Generac Holdings Inc. (GNRC) for Potential Violations of Securities Laws

Retrieved on:

Tuesday, September 19, 2023

Attention, Vincent Wong, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Law, News, NYSE, Property management, Generac

NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Attention Generac Holdings Inc. ("Generac") (NYSE: GNRC) shareholders:

Key Points:

NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Attention Generac Holdings Inc. ("Generac") (NYSE: GNRC) shareholders:
The Law Offices of Vincent Wong announce that an investigation has commenced into Generac and certain of its officers and directors regarding potential securities fraud.
Following this news, Generac’s stock price fell by $37.46 per share, or approximately 25% to close at $115.95 per share.
If you suffered a loss on your investment in Generac, contact us about potential recovery by using the link below.
is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights.

Forbes Acquisition Attracts Next-Generation Business Leaders

Retrieved on:

Tuesday, September 19, 2023

Professional Services, Finance, Benchmark, Human, Capitalism, Marketing, Culture, Woman, Multimedia, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Entrepreneurship, Acquisition, IWM, Ecosystem, AI, Cryptocurrency, Pharmaceutical industry

Forbes Holdings intends to decide final investor allocations for closing in the coming weeks.

Key Points:

Forbes Holdings intends to decide final investor allocations for closing in the coming weeks.
This transaction will facilitate a transition of ownership and control of Forbes from Hong Kong back to the U.S.
This transaction will enable the development of a new business venture ecosystem alongside Forbes Media, leveraging the iconic Forbes brand.
Steve Forbes will remain involved with Forbes Media, which will continue to be led by the existing management team.

Sonder Holdings Inc. Announces Reverse Stock Split to Regain Nasdaq Compliance

Retrieved on:

Tuesday, September 19, 2023

Lodging, Technology, Apps, Applications, Travel, Software, Exercise, Computershare, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Plan, Shareholder, Earnout, Bangladesh Securities and Exchange Commission, CUSIP, Security (finance), Book

Sonder Holdings Inc. (NASDAQ: SOND; “Sonder” or the “Company”) today announced that it will effect a reverse stock split of its common stock (including special voting common stock) at a reverse stock split ratio of 1-for-20, effective as of the close of trading on September 20, 2023 (the “Effective Time”), in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5450(a)(1).

Key Points:

Sonder Holdings Inc. (NASDAQ: SOND; “Sonder” or the “Company”) today announced that it will effect a reverse stock split of its common stock (including special voting common stock) at a reverse stock split ratio of 1-for-20, effective as of the close of trading on September 20, 2023 (the “Effective Time”), in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5450(a)(1).
The Company’s common stock is expected to begin trading on a reverse-split-adjusted basis on Nasdaq as of the open of trading on September 21, 2023 under the existing ticker symbol “SOND.”
The Company’s stockholders previously approved the reverse stock split and granted the Company’s board of directors the authority to determine the final reverse stock split ratio and when to proceed with the reverse stock split at a Special Meeting of Stockholders held on September 15, 2023.
The CUSIP number for the Company's common stock will change to 83542D 300 following the reverse stock split.
Any fractional shares of common stock that would otherwise be issuable as a result of the reverse stock split will be paid out in cash, with reference to the closing trading price of Sonder’s common stock on the trading day immediately preceding the Effective Time (as adjusted to give effect to the reverse stock split), without interest.

Integral Ad Science Appoints Yossi Almani as Chief Legal Officer

Retrieved on:

Monday, September 18, 2023

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Integral Ad Science (Nasdaq: IAS), a leading global media measurement and optimization platform, today announced the appointment of Yossi Almani as Chief Legal Officer, effective immediately.

Key Points:

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Integral Ad Science (Nasdaq: IAS), a leading global media measurement and optimization platform, today announced the appointment of Yossi Almani as Chief Legal Officer, effective immediately.
As a member of the senior leadership team, Almani will report directly to Lisa Utzschneider, CEO, and oversee the global legal and compliance functions.
"I am thrilled to announce Yossi Almani as our new Chief Legal Officer," said Lisa Utzschneider, IAS CEO.
"Yossi brings 15 years of legal experience as both in-house general counsel and has held positions with top law firms.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Duluth Holdings Inc. - DLTH

Retrieved on:

Monday, September 18, 2023

Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Employment, Senior, Prior, Pomerantz, News, Private investigator

NEW YORK, Sept. 17, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Duluth Holdings Inc. (“Duluth” or the “Company”) (NASDAQ: DLTH).

Key Points:

NEW YORK, Sept. 17, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Duluth Holdings Inc. (“Duluth” or the “Company”) (NASDAQ: DLTH).
The investigation concerns whether Duluth and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 31, 2023, Duluth issued a press release announcing its second quarter financial results.
Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

(SPAC) Special Purpose Acquisition Investigation: Katapult, LiveVox, Porch.com, and Clever Leaves. Contact Shareholder Rights Law Firm Johnson Fistel

Retrieved on:

Friday, September 15, 2023

LLP, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Acquisition, SAN, KPLT, Roman Catholic Diocese of La Crosse, Financial services, Management

SAN DIEGO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of law in connection with the following special purpose acquisition companies ("SPACs"):

Key Points:

SAN DIEGO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of law in connection with the following special purpose acquisition companies ("SPACs"):
Katapult Holdings f/k/a FinServe Acquisition Corp. (NASDAQ: KPLT)
LiveVox Holdings, Inc. f/k/a Crescent Acquisition Corporation (NASDAQ: LVOX)
Porch.com f/k/a PropTech Acquisition Corporation (NASDAQ: PRCH)
Clever Leaves Holdings Inc. f/k/a Schultze Special Purpose Acquisition Corp. (NASDAQ: CLVR):
If you are an investor who has suffered losses in connection with any of the SPACs purchased below: Click or paste the following web address into your browser to submit your losses:
Katapult Holdings f/k/a FinServe Acquisition Corp. (NASDAQ: KPLT)
Shareholders who purchased FinServe Acquisition Corp. and continue to hold their shares are encouraged to submit their information by following the link below:
LiveVox Holdings, Inc. f/k/a Crescent Acquisition Corporation (NASDAQ: LVOX):
Shareholders who purchased Crescent Acquisition Corporation and continue to hold their shares are encouraged to submit their information by following the link below:
Porch.com f/k/a PropTech Acquisition Corporation (NASDAQ: PRCH):
Shareholders who purchased PropTech Acquisition Corporation and continue to hold their shares are encouraged to submit their information by following the link below:
Clever Leaves Holdings Inc. f/k/a Schultze Special Purpose Acquisition Corp. (NASDAQ: CLVR):
Shareholders who purchased Schultze Special Purpose Acquisition Corp and continue to hold their shares are encouraged to submit their information by following the link below:

Navios Maritime Holdings Inc. Announces Receipt of Buyout Offer of $1.84 Per Common Share

Retrieved on:

Wednesday, September 13, 2023

Committee, NSC, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Documentation, NYSE, Financial services, Audit

GRAND CAYMAN, Cayman Islands, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM) today announced that its board of directors received an unsolicited non-binding proposal from N Shipmanagement Acquisition Corp. (“NSC”) to acquire all of the outstanding shares not already beneficially owned by NSC and its affiliates for $1.84 in cash per common share.

Key Points:

GRAND CAYMAN, Cayman Islands, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM) today announced that its board of directors received an unsolicited non-binding proposal from N Shipmanagement Acquisition Corp. (“NSC”) to acquire all of the outstanding shares not already beneficially owned by NSC and its affiliates for $1.84 in cash per common share.
The Company’s board of directors has authorized a Special Committee, consisting solely of independent and disinterested directors, to retain advisors and to review, evaluate, negotiate and accept or reject the proposed transaction.
The proposal is non-binding and is subject to the negotiation and execution of mutually acceptable definitive documentation.
There can be no assurance that any definitive documentation will be executed or that any transaction will materialize.

Clever Leaves Regains Compliance with Nasdaq Minimum Bid Price Requirement

Retrieved on:

Wednesday, September 13, 2023

Calendar, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Rule, Cryptocurrency, Auction

TOCANCIPÁ, Colombia, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a global medicinal cannabis company, announced that it received notice from The Nasdaq Stock Market LLC ("Nasdaq") on September 11, 2023 informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Rule") for continued listing on the Nasdaq Capital Market.

Key Points:

TOCANCIPÁ, Colombia, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a global medicinal cannabis company, announced that it received notice from The Nasdaq Stock Market LLC ("Nasdaq") on September 11, 2023 informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Rule") for continued listing on the Nasdaq Capital Market.
On September 29, 2022, Clever Leaves received notice from Nasdaq that the Company was not in compliance with the Rule, as its common shares failed to meet a closing bid price of $1.00 or more for 30 consecutive business days.
Clever Leaves received an additional 180 calendar day period to regain compliance on March 29, 2023, and the Company conducted a 1-for-30 reverse split of its common shares with marketplace effectiveness on August 25, 2023 to aid the compliance process.
To regain compliance with the Rule, the Company’s common shares were required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days.

SAFE SUPPLY AND ORIGIN THERAPEUTICS RECEIVE CONDITIONAL APPROVAL FOR LISTING ON THE CSE

Retrieved on:

Tuesday, September 12, 2023

Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., CSE, Canadian Securities Exchange, Investment, See, ORIG, Security (finance)

VANCOUVER, BC, CANADA, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Safe Supply Streaming Co. Ltd. (“Safe Supply” or the “Company”) and Origin Therapeutics Holdings Inc. (“Origin”) (CSE: ORIG) are pleased to announce that they have received conditional approval to list Safe Supply’s common shares on the Canadian Securities Exchange (the “CSE”).

Key Points:

VANCOUVER, BC, CANADA, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Safe Supply Streaming Co. Ltd. (“Safe Supply” or the “Company”) and Origin Therapeutics Holdings Inc. (“Origin”) (CSE: ORIG) are pleased to announce that they have received conditional approval to list Safe Supply’s common shares on the Canadian Securities Exchange (the “CSE”).
Final approval and trading of the Company shares are subject to fulfilling customary CSE requirements.
Safe Supply and Origin anticipate that trading will commence within the month of September 2023 for which shareholders and stakeholders will receive due notice.
Additionally, Origin recently announced that it received shareholder approval for the proposed transaction with Safe Supply and will move forward with the planned share consolidation.