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

Origin Therapeutics Announces Results of Annual General and Special Meeting of Shareholders

Retrieved on: 
Tuesday, September 5, 2023
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Circular, CSE, Transaction, ORIG, Audit

VANCOUVER, British Columbia, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Origin Therapeutics Holdings Inc. (the “Company” or “Origin”) (CSE: ORIG) is pleased to announce that, in connection with the proposed business combination transaction (the “Transaction”) with Safe Supply Streaming Co Ltd. (“Safe Supply”), all matters submitted to shareholders for approval as set out in detail in the Company’s management information circular dated August 1, 2023 (“Circular”) were approved at the annual general and special meeting of the shareholders of the Company held on August 31, 2023 (the “Meeting”).

Key Points: 
  • VANCOUVER, British Columbia, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Origin Therapeutics Holdings Inc. (the “Company” or “Origin”) (CSE: ORIG) is pleased to announce that, in connection with the proposed business combination transaction (the “Transaction”) with Safe Supply Streaming Co Ltd. (“Safe Supply”), all matters submitted to shareholders for approval as set out in detail in the Company’s management information circular dated August 1, 2023 (“Circular”) were approved at the annual general and special meeting of the shareholders of the Company held on August 31, 2023 (the “Meeting”).
  • Further information regarding the resolutions passed at the Meeting can be found in the Circular, which is available on the Company’s profile on SEDAR+ at www.sedarplus.ca.
  • In connection with the Transaction, Hyperion Capital Inc. provided a fairness opinion to the Board of Directors of the Company, to the effect that, subject to the assumptions, limitations and qualifications set out in such opinion, the consideration to be paid pursuant to the Transaction and the contingent value rights to be received by the shareholders of Origin in connection with the Transaction are fair, from a financial point of view, to the shareholders of Origin.
  • Subject to certain closing conditions, the Transaction is expected to close in early September 2023.

illumin Announces Intention to Voluntarily Delist from NASDAQ

Retrieved on: 
Friday, September 1, 2023
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Toronto Stock Exchange, Bank statement, EDGAR, Corporation, TSX, Cryptocurrency

TORONTO and NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX:ILLM, Nasdaq:ILLM) (“illumin” or the “Corporation”) today announced that it has notified the NASDAQ Stock Market LLC (“NASDAQ”) of its intention to voluntarily delist its common shares (“Shares”) from The Nasdaq Stock Market (“NASDAQ”).

Key Points: 
  • TORONTO and NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX:ILLM, Nasdaq:ILLM) (“illumin” or the “Corporation”) today announced that it has notified the NASDAQ Stock Market LLC (“NASDAQ”) of its intention to voluntarily delist its common shares (“Shares”) from The Nasdaq Stock Market (“NASDAQ”).
  • Shares will continue to trade on the Toronto Stock Exchange (“TSX”).
  • With the majority of its Shares trading on the TSX, illumin believes the costs and administrative requirements associated with maintaining a dual listing are not justified at this time.
  • The decision to voluntarily delist the Shares from NASDAQ was first announced by the Corporation in a press release on July 26, 2023.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Driven Brands Holdings Inc. (DRVN) on Behalf of Investors

Retrieved on: 
Thursday, August 31, 2023
Class Action Lawsuit, Professional Services, Legal, Telephone, DRVN, Suite, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Glass, News, Cryptocurrency

Law Offices of Howard G. Smith announces an investigation on behalf of Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN ) investors concerning the Company’s possible violations of federal securities laws.

Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN ) investors concerning the Company’s possible violations of federal securities laws.
  • On August 2, 2023, Driven Brands announced disappointing financial results for the second quarter of 2023 and lowered its full year 2023 guidance.
  • Additionally, Driven Brands disclosed that it is “a few quarters behind” in integrating two auto glass acquisitions.
  • On this news, Driven Brand’s stock price fell $10.63, or 41.2%, to close at $15.20 per share on August 2, 2023, thereby injuring investors.

illumin Announces Final Results of Substantial Issuer Bid

Retrieved on: 
Thursday, August 31, 2023
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., The Income-tax Act, 1961, Eastern Time Zone, Income tax, Depositary, EDGAR, Person, Sale, US, Bank, Corporation, Income Tax Act, TSX, Letter, News, Security (finance), Holding company, Offer

TORONTO and NEW YORK, Aug. 31, 2023 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX:ILLM, Nasdaq:ILLM) (“illumin” or the “Corporation”) today announced the final results of its substantial issuer bid (the “Offer”), which expired at 5:00 p.m. (Eastern Time) on August 30, 2023.

Key Points: 
  • TORONTO and NEW YORK, Aug. 31, 2023 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX:ILLM, Nasdaq:ILLM) (“illumin” or the “Corporation”) today announced the final results of its substantial issuer bid (the “Offer”), which expired at 5:00 p.m. (Eastern Time) on August 30, 2023.
  • Shares purchased under the Offer represent approximately 8.18% of the issued and outstanding Shares at the time that the Offer was commenced.
  • Immediately following the completion of the Offer and having taken into account the cancellation of the Shares purchased pursuant to the Offer, 51,592,431 Shares are now issued and outstanding.
  • Payment for the Shares accepted for purchase under the Offer will occur in accordance with the terms of the Offer and applicable law.

Global Star Acquisition Inc. Announces Stockholder Approval of Extension of Deadline to Complete Business Combination

Retrieved on: 
Monday, August 28, 2023
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., GLST, Business analyst, Constitutional right, Trust, Extension, Article, Accounting, First, Acquisition, Interest on Lawyer Trust Accounts, Special, Finance Secretary (India), Global Star, Nashville Charter Amendment 1, Security (finance)

The Extension provides the Company with additional time to complete the previously announced proposed business combination (the “Transaction”) with K Enter Holdings Inc. (“K Enter”), a Delaware corporation.

Key Points: 
  • The Extension provides the Company with additional time to complete the previously announced proposed business combination (the “Transaction”) with K Enter Holdings Inc. (“K Enter”), a Delaware corporation.
  • Stockholders holding 4,052,066 shares of common stock of Global Star exercised their right to redeem their shares for a pro rata portion of the funds in the Trust Account.
  • As a result, approximately $42,753,728.11 (approximately $10.55 per share) will be removed from the Trust Account to pay such holders.
  • The Company will deposit into the Trust Account $125,000 for the initial extension period (commencing September 22, 2023 and ending October 22, 2023).

InspireSemi Announces Final Closing of Non-Brokered Private Placement

Retrieved on: 
Friday, August 25, 2023
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Plan, TSX Venture Exchange, Funding, Option, Thunderbird, Unit, Exchange, Warrant, Debenture, Life insurance, Bank, Security (finance)

The Company intends to use the proceeds from the Financing to support its go-forward strategy including the final development stages of its next-generation Thunderbird compute accelerator, as well as for general working capital purposes.

Key Points: 
  • The Company intends to use the proceeds from the Financing to support its go-forward strategy including the final development stages of its next-generation Thunderbird compute accelerator, as well as for general working capital purposes.
  • A total of 5,114 Units were sold, of which 2,438 such Units have been sold as part of the Final Tranche which closed today.
  • Securities issued in the Final Tranche are subject to resale restrictions to December 26, 2023.
  • The Financing remains subject to the receipt of final approval from the Exchange.

Clever Leaves Announces 1-For-30 Reverse Stock Split to Aid Compliance with Nasdaq Listing Requirements

Retrieved on: 
Thursday, August 24, 2023
Leaf, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Model Business Corporation Act, Electric Bond and Share Company v. Securities and Exchange Commission, Form, CUSIP, Security (finance)

TOCANCIPÁ, Colombia, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a global medicinal cannabis company, announced that its Board of Directors has approved a 1-for-30 reverse split of its common shares (the “Reverse Share Split”).

Key Points: 
  • TOCANCIPÁ, Colombia, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a global medicinal cannabis company, announced that its Board of Directors has approved a 1-for-30 reverse split of its common shares (the “Reverse Share Split”).
  • The Reverse Share Split will take effect at approximately 5:00 p.m. Eastern Time on August 24, 2023.
  • No fractional shares will be issued in connection with the Reverse Share Split.
  • The Company’s common shares will trade under a new CUSIP number, 186760203, following the effectiveness of the Reverse Share Split.

ROSEN, RESPECTED INVESTOR COUNSEL, Encourages Driven Brands Holdings Inc. Investors With Losses in Excess of $100K to Inquire About Securities Class Action Investigation – DRVN

Retrieved on: 
Wednesday, August 23, 2023
Class Action Lawsuit, Other Professional Services, Legal, Professional Services, Titan, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Advertising, DRVN, Glass, News, I-Space (Chinese company), Cryptocurrency

The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

Key Points: 
  • The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
  • WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=18662 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Lumentum Announces Fiscal Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, August 17, 2023
Engineering, Technology, Manufacturing, Telecommunications, Other Manufacturing, Hardware, Computer network, Telecom, Calendar, Note, EPS, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., GAAP, Investment, Security (finance), Bank

Lumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal fourth quarter and full year ended July 1, 2023.

Key Points: 
  • Lumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal fourth quarter and full year ended July 1, 2023.
  • Net revenue for the fiscal fourth quarter of 2022 was $422.1 million, with GAAP net income of $34.7 million, or $0.49 per diluted share.
  • Non-GAAP net income for fiscal fourth quarter of 2023 was $40.2 million, or $0.59 per diluted share.
  • The Company held $2,013.6 million in total cash, cash equivalents, and short-term investments at the end of the fiscal fourth quarter of 2023, an increase of $346.4 million from the third quarter of 2023.

Greenidge Completes Expansion of South Carolina Mining Facility to 44 MW

Retrieved on: 
Monday, August 14, 2023
Blockchain, Maintenance, Term sheet, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Expectation damages, Dave Anderson, Senior, Miner, Cryptocurrency, GAAP, Sale, Public expenditure, EBITDA, Mining, James B. Riley, Renewable energy, Bank, Security (finance), Greenidge

FAIRFIELD, Conn., Aug. 14, 2023 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced the completion of an expansion of their South Carolina mining facility to 44 MW of mining capabilities and its intention to enter into agreements to eliminate all of Greenidge's secured debt obligations via the transfer to certain affiliates of NYDIG ABL LLC ("NYDIG") of the expanded mining facilities in Spartanburg, South Carolina and the approximate 25 acre parcel on which the mining facilities are located.

Key Points: 
  • FAIRFIELD, Conn., Aug. 14, 2023 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced the completion of an expansion of their South Carolina mining facility to 44 MW of mining capabilities and its intention to enter into agreements to eliminate all of Greenidge's secured debt obligations via the transfer to certain affiliates of NYDIG ABL LLC ("NYDIG") of the expanded mining facilities in Spartanburg, South Carolina and the approximate 25 acre parcel on which the mining facilities are located.
  • Greenidge will retain approximately 150 acres of land in Spartanburg for possible future data center development.
  • Greenidge also announced its financial and operating results for the second quarter of 2023.
  • We also continue to operate a robust, advanced mining operation that is poised to compete as bitcoin mining enters its next phase," said Dave Anderson, Chief Executive Officer of Greenidge.