Ultralife Corporation has entered into an agreement with Greatbatch Ltd., to acquire all the outstanding shares of Electrochem Solutions, Inc. for $50 million, which will be adjusted for customary working capital at closing. The purchase is expected to be funded through borrowings under amended credit facilities from Ultralife's primary lender. The company aims to close the acquisition by the end of October 2024. Ultralife also issued a press release on September 30, 2024, detailing the execution of the agreement.
Champions Oncology, Inc. has reported the unexpected passing of its President, Mr. Brady Davis, who had served in this position since October 2023. The company expresses its deep regret and notes that Mr. Davis was an important member of their management team and will be greatly missed. The report is dated October 3, 2024, and signed by Chief Executive Officer, Ronnie Morris.
The Aaron's Company, Inc. has announced in a joint press release with IQVentures Holdings, LLC that their previously planned acquisition is expected to be completed on October 3, 2024. The press release detailing the acquisition is included as an exhibit in the company's official communications.
Names for clarity: - The Aaron's Company, Inc. - IQVentures Holdings, LLC - C. Kelly Wall (Chief Financial Officer of The Aaron's Company, Inc.)
89bio, Inc. has amended their existing Loan and Security Agreement, now allowing for an increased total loan amount of $150 million, up from $100 million. This includes a first tranche of $70 million, with half available at closing, an additional $30 million contingent on certain clinical milestones, and a third tranche of up to $50 million at the discretion of the Lenders. The loan matures on October 1, 2028, and is secured by assets, excluding intellectual property. The variable interest rate is the greater of 8.95% or Prime Rate plus 1.75%. The company also issued a warrant for 406,951 shares at $7.3719 to K2 HealthVentures LLC with piggyback registration rights. Shares and warrants are unregistered equity securities being offered under an exemption from registration.
Zevia PBC has announced that as of October 1, 2024, they have received a notification from the New York Stock Exchange confirming that the company is now in compliance with the NYSE Listed Company Manual's Section 802.01C. This information was released to the public via a press release on October 3, 2024, the details of which are incorporated in this report.
Know Labs, Inc. announced that they received a notification from the NYSE American stating that the company does not meet the minimum stockholders’ equity requirements after having reported losses over several fiscal years. They have a stockholders’ deficit of $4.6 million and have been in losses for five years. The company has until October 27, 2024, to submit a compliance plan with an aim to regain compliance by March 27, 2026. The NYSE American will allow them to continue listing if they accept the plan, with periodic reviews for compliance. If not accepted, delisting proceedings will begin. The Letter does not currently affect its stock trading or business operations.
Names mentioned: - Know Labs, Inc. - NYSE American - Ronald P. Erickson
Commercial Vehicle Group, Inc. has completed the sale of substantially all assets of its business related to manufacturing and assembling structured products and cabs for medium and heavy-duty vehicles. The total sale amount to SVO, LLC was $40 million, subject to adjustments based on the actual inventory value as of October 1, 2024. The first $20 million was paid on the closing date, September 6, 2024, and the remaining $20 million was received by Commercial Vehicle Group on October 1, 2024. They also issued a press release regarding the transaction on October 2, 2024.
Joby Aviation, Inc. announced it has entered into a stock purchase agreement with Toyota Motor Corporation. The agreement outlines that Joby Aviation will sell up to 99,403,579 shares of common stock to Toyota Motor Corporation at $5.03 per share in a private placement. This deal is structured in two tranches, each amounting to $250 million, subject to fulfillment of certain conditions, including regulatory approvals. The funds from this private placement are intended for working capital and general corporate purposes to support the company's efforts towards certification and commercial production of its electric air taxi. This transaction is exempt from registration requirements and involves investor rights related to share resale registration.
List of Proper Names:
Worlds Inc. has announced that Jordan Freeman resigned from the company's Board of Directors on September 26, 2024. The resignation came after the breakdown of discussions regarding a potential business relationship between some of Mr. Freeman's businesses and Worlds Inc. Mr. Freeman has chosen to focus on developing his businesses. Prior to this filing, a copy of the report was provided to Mr. Freeman for his review and comments.
AMN Healthcare Services, Inc. has reaffirmed its third-quarter financial guidance on October 1, 2024, and announced that Chief Financial Officer Jeffrey Knudson will be leaving the company effective November 8, 2024, to join a private company outside the healthcare staffing industry. The company expressed gratitude for Knudson's contributions and plans to name a successor who will assume an expanded role combining the responsibilities of Chief Financial Officer and Chief Operating Officer before Knudson's departure. The press release providing these details is attached as an exhibit to the company's announcement.
Names to list: - AMN Healthcare Services, Inc. - Jeffrey Knudson - Cary Grace
5&2 Studios, Inc. announced that effective as of 1:20 p.m., Eastern Time on September 25, 2024, they have officially changed their company name from "The Chosen, Inc." to "5&2 Studios, Inc." The Board of Directors approved this name change on September 24, 2024, under Section 242 of the General Corporation Law of the State of Delaware. The name change does not require stockholder approval, does not affect stockholder rights, and is the sole amendment to the Certificate of Incorporation.
Names Mentioned: - 5&2 Studios, Inc. - The Chosen, Inc. - JD Larsen (Chief Financial Officer)
RLJ Lodging Trust recently entered into a new credit agreement, replacing a previous one. The new $500 million unsecured term loan matures on September 24, 2027, with extension options available. This loan allowed them to repay an existing $400 million loan and $100 million of a revolving credit facility, which is also part of the agreement, along with another $225 million term loan from before. They can also increase total borrowing limits and are allowed to use $30 million for issuing letters of credit. Interest rates vary based on leverage ratio or credit ratings.
The company's obligations depend on maintaining certain financial ratios, like indebtedness to EBITDA. If leverage exceeds allowed levels, the interest rate increases. There's also an unused commitment fee on the revolving credit facility. With a high enough credit rating, the company could benefit from lower interest rates. Lending conditions include restrictions related to the company's actions, like asset sales and mergers.
The funds will go towards various corporate needs, such as hotel redevelopment, acquisitions, debt repayment, and working capital. The terms include guarantees from subsidiaries and could change if the company achieves an investment-grade credit rating.
Proper names mentioned: - RLJ Lodging Trust - Wells Fargo Bank, National Association - RLJ Lodging Trust, L.P. - Capital One, N.A.
FONAR CORPORATION has announced the results of its operations and financial condition for the fiscal year ending June 30, 2024, in a press release dated September 27, 2024. The company is registered in Delaware and has its principal executive offices at 110 Marcus Drive, Melville, New York. Its common stock, with a par value of $.0001, is traded on the Nasdaq Stock Exchange under the symbol "FONR."
Names mentioned: - FONAR CORPORATION - Timothy R. Damadian (President and CEO)
Casella Waste Systems, Inc. has entered into a Second Amended and Restated Credit Agreement with Bank of America as the administrative agent and lender, along with other lenders. The agreement is effectively a refinancing of the company's term loans with the addition of a new term loan A facility worth $800 million and a new revolving credit facility of up to $700 million. Interest rates on these loans will vary based on the company's leverage ratio and they include sustainability-related performance adjustments starting fiscal year 2024. The credit facility is secured by substantially all assets of the company and its co-borrowers, subject to some exceptions, and contains standard financial covenants. The terms of the credit facility are intended to be extended up to September 27, 2029.
Names Mentioned: - Casella Waste Systems, Inc. - Bank of America, N.A. - BofA Securities, Inc. - TD Securities (USA) LLC
5C Lending Partners Corp. recently issued new equity securities. On September 26, 2024, the company issued 80,000 shares of common stock at $0.001 par value per share to an affiliate of its investment adviser for $2,000,000. Additionally, 515 shares of 12.0% Series A Cumulative Preferred Stock, also at $0.001 par value, were sold at $3,000 per share to qualified individual investors. The terms, including dividend rights, liquidation preference, and voting rights, are detailed in the company’s Articles Supplementary. This preferred stock is not convertible, has voting rights, and comes with certain restrictions and privileges, including a redemption option for the company with specified premiums. The preferred stock is a restricted security under current securities laws and cannot be freely transferred without compliance with those laws.
Names mentioned: - 5C Lending Partners Corp. - 5C Lending Partners Advisor LLC - C. Scott Harrison - Seth Lawry - Robert Gheewalla - Michael Koester - Thomas Connolly
West Bay BDC LLC entered into an Investment Management and Advisory Agreement with Goldman Sachs Asset Management, L.P. They also established a $300 million revolving credit facility with Standard Chartered Bank Ltd., with a maturity date of September 25, 2026. The facility is secured by the unfunded capital commitments of the company’s unitholders. The company also modified its rights of security holders, amended its Limited Liability Company Agreement, and conducted a private offering of units resulting in approximately $927 million of commitments.
Names mentioned: - West Bay BDC LLC - Goldman Sachs Asset Management, L.P. - Standard Chartered Bank Ltd. - Alex Chi (Co-Chief Executive Officer and Co-President of West Bay BDC LLC) - David Miller (Co-Chief Executive Officer and Co-President of West Bay BDC LLC)
Amentum Holdings, Inc. has appointed Stephen A. Arnette as Chief Operating Officer effective September 27, 2024. In separate news, the company, previously known as Amazon Holdco Inc., has made an amendment to its Certificate of Incorporation which increases the number of authorized shares of SpinCo Common Stock to 1 billion and has implemented a stock split, resulting in over 153 million issued and outstanding shares. This change is in relation to an expected distribution of shares coming from Jacobs Solutions Inc. to their stockholders.
Names Mentioned: - Amentum Holdings, Inc. - Amazon Holdco Inc. - Stephen A. Arnette - Jacobs Solutions Inc. - Justin Johnson
Innovative Designs, Inc. announced the immediate termination of Mr. Joseph Riccelli as Chief Executive Officer and Chief Financial Officer on September 26, 2024. On the same day, John L. Thomas, Esq was appointed as the Chief Executive Officer, Chief Financial Officer, and corporate counsel. Mr. Thomas has been with the company as securities counsel for over fifteen years. With over forty years of legal practice and former experience as a Senior Attorney at the Division of Corporation Finance, Mr. Thomas's educational background includes a law degree and an MBA. He will serve part-time for six months, earning $2,000 per week and receiving a warrant to purchase 100,000 company shares at $0.12 each, valid for three years with a cashless exercise option. Additionally, Mr. Robert K. Adams was appointed as Chairman of the Board of Directors.
EQV Ventures Acquisition Corp. announced on September 27, 2024, that holders of the company’s units may now choose to trade the Class A ordinary shares and redeemable warrants included in the units separately on the New York Stock Exchange. The units will continue to trade under the symbol “EQVU,” while the separated Class A ordinary shares and redeemable warrants will trade under the symbols “EQV” and “EQVW,” respectively. Unit holders are advised to contact Continental Stock Transfer & Trust Company to initiate the separation process.
Vanjia Corporation has announced a change in their accounting firm. On September 23, 2024, the company's Board of Directors dismissed Yusufali & Associates and appointed Boladale Lawal & Co. as the new independent registered accounting firm. There were no disagreements or "reportable events" between Vanjia Corporation and Yusufali during their engagement from April 19, 2021, to June 30, 2024. The company has requested Yusufali to provide a letter to the Securities and Exchange Commission to verify this information. Additionally, Vanjia Corporation had not consulted with Boladale Lawal & Co on any significant accounting or auditing issues before their engagement.
Names mentioned: - Vanjia Corporation - Yusufali & Associates - Boladale Lawal & Co. - Tian Su Hua (CEO, Director of Vanjia Corporation)
TPG Twin Brook Capital Income Fund has announced a name change from AG Twin Brook Capital Income Fund, effective September 25, 2024. The Board adopted the Fourth Amended and Restated Agreement and Declaration of Trust with clarifications in response to state securities regulators' comments, addressing shareholder approval requirements for mergers or reorganizations and financing limitations on the adviser's affiliates. Concurrently, the Board adopted the Third Amended and Restated Bylaws to reflect the new company name. There were no other material changes to the terms of these documents.
Sadot Group Inc. has updated their investor presentation and made it available on their website. This new presentation, which started being used on September 25, 2024, is also included with their recent corporate update as Exhibit 99.1. They note that the online content should not be considered as part of their formal financial reporting.
Names mentioned: - Sadot Group Inc. - Michael Roper (Chief Executive Officer)
Enviri Corporation has reported the sudden death of Mauro Curi, the Senior Vice President and Group President of Harsco Environmental, who passed away on September 22, 2024, due to natural causes. Mr. Curi was 54 years old and had been with Harsco Environmental since 1999, contributing in various leadership roles throughout his tenure. Nick Grasberger, the Chairman and CEO of Enviri Corporation, is set to take over the immediate leadership responsibilities for Harsco Environmental until a permanent replacement is appointed.
List of proper names: - Enviri Corporation - Mauro Curi - Harsco Environmental - Nick Grasberger - Russell C. Hochman
OneSpaWorld Holdings Limited announced on September 20, 2024, that it has entered into a new credit agreement with Bank of America, N.A., and other lenders. The agreement consists of a $100 million term loan and a $50 million revolving credit facility, which includes up to $5 million for letters of credit. The term loan was fully used on the closing date, with $70 million borrowed by Dory Acquisition Sub, Inc. and $30 million by OneSpaWorld (Bahamas) Limited. The credit facilities will mature on September 20, 2029. Interest rates are based on Term SOFR plus a margin, which varies according to OneSpaWorld's leverage ratio. The facilities are guaranteed by OneSpaWorld and certain subsidiaries and are secured by nearly all their assets. Mandatory prepayments from certain proceeds and debt incurrence, as well as quarterly payments, are stipulated. OneSpaWorld has flexibility to manage consolidations, mergers, asset sales, liens, additional debts, dividend payments, and affiliate transactions, all within certain limits set by the new agreement. The credit facilities allowed OneSpaWorld to pay off its previous obligations under its First Lien Credit Agreement from March 19, 2019, with Goldman Sachs Lending Partners LLC.
Company Names: OneSpaWorld Holdings Limited, Bank of America, N.A., Dory Acquisition Sub, Inc., OneSpaWorld (Bahamas) Limited, Goldman Sachs Lending Partners LLC.
Trailblazer Merger Corporation I, based in Delaware and trading on The Nasdaq Stock Market LLC under the symbols TBMC for Common Stock and TBMCR for Rights, held its annual stockholders meeting on September 24, 2024. The sole agenda was to decide on the adjournment of the annual meeting to a later date, which was approved. Additionally, the company provided a supplement to its previously issued proxy statement, revising the terms for an extension and the deposit amount into the Trust Account associated with the business combination deadline. It also eliminated provisions allowing the Trustee to withdraw from the Trust Account for Company dissolution expenses and clarified that the Trust Account's proceeds or interest could not be used for paying any excise or similar taxes under the Inflation Reduction Act (IRA) of 2022 in case of redemptions or stock buybacks. The company plans to draw from the Trust Account to settle income and franchise tax obligations through September 20, 2024, and does not intend to extend the redemption deadline or solicit additional proxies.
List of proper names mentioned: - Trailblazer Merger Corporation I - The Nasdaq Stock Market LLC - TBMC (Common Stock) - TBMCR (Rights) - Inflation Reduction Act (IRA) of 2022 - Continental Stock Transfer & Trust Company - Arie Rabinowitz (Chief Executive Officer of Trailblazer Merger Corporation I)
Primerica, Inc. has announced that Gregory C. Pitts, the Executive Vice President and Chief Operating Officer, will retire around April 1, 2025. Mr. Pitts, who joined the company in 1985 and served in his current role for over 14 years, will stop serving as the principal operating officer from October 1, 2024. He will, however, remain involved with the company until retirement to offer transition support and work on executive projects. Robert H. Peterman, Jr. has been appointed as the new Executive Vice President and Chief Operating Officer effective October 1, 2024. Mr. Peterman has been with Primerica since October 1984 and has a longstanding history with the company, recently serving as the Executive Vice President and Chief Distribution Officer.
Names for Clarity: - Gregory C. Pitts - Robert H. Peterman, Jr. - Primerica, Inc.
Edgemode, Inc. has reported that it needs to adjust its previously issued financial statements. They identified errors relating to stock options issued to a consultant in early 2023 that were not properly accounted for. This oversight caused an understatement of operating expenses by approximately $230,000. The company plans to amend its financial reports for the fiscal year 2023 and the first two quarters of 2024. Investors are advised not to rely on the previously issued financial statements for these periods. The issue has been discussed with their independent accountant, M&K CPAS, PLLC, and Edgemode, Inc. is assessing its internal controls over financial reporting, noting that a lack of skilled personnel and insufficient analysis of accounting practices were contributing factors.
Silexion Therapeutics Corp announced significant new findings from its Phase 2 trial of LODER™ targeting non-resectable locally advanced pancreatic cancer. The updated analysis revealed a 56% objective response rate (ORR) for patients treated with LODER, with the ORR rising to 67% for those whose tumors became resectable post-treatment. The press release detailing these findings was issued on September 24, 2024.
Names and Titles: - Ilan Hadar: Chief Executive Officer of Silexion Therapeutics Corp
Arlo Technologies, Inc. has announced that its Board of Directors has authorized a stock repurchase program of up to $50 million of its common stock, which will be in effect through the end of 2026. The company's common stock is listed under the ticker symbol ARLO on the New York Stock Exchange.
Markforged Holding Corporation has entered into a Settlement and Patent License Agreement with Continuous Composites Inc. The agreement settles all claims in a patent infringement lawsuit Continuous Composites filed against the company in July 2021. Under the agreement, Markforged will make an initial payment of $18 million, followed by additional payments totaling $7 million across the next three years. This includes cross-licenses of the parties' patent portfolios, a mutual release of claims, and agreements not to sue. Furthermore, as part of the settlement, Markforged granted Continuous Composites a security interest in its patent intellectual property rights.
Friedman Industries, Incorporated held its Annual Meeting of Shareholders on September 18, 2024. At this meeting, seven board of directors members were elected, each receiving a varied number of votes for and withheld. Additionally, the shareholders voted on three other proposals:
Alex LaRue is noted as the Chief Financial Officer - Secretary and Treasurer, the signatory on behalf of the company.
Company Name: Friedman Industries, Incorporated Non-Binding, Advisory Resolution: Approved Ratification of Public Accounting Firm (Moss Adams LLP): Approved Amendment to Articles of Incorporation: Not approved
Boston Omaha Corporation will present a slide presentation titled "Q2 2024 Financial Results" at its Annual Meeting on September 20, 2024. The presentation has also been made available on the company's website. The information related to the presentation and included in Exhibit 99.1 should not be considered as officially "filed" for regulatory purposes or incorporated by reference in other filings.
ChromaDex Corporation has announced the appointment of Ozan Pamir as the company's Chief Financial Officer and Principal Accounting Officer, effective October 21, 2024. Pamir will be succeeding James Lee, who is currently the Interim Chief Financial Officer and will continue as Controller after the transition. Pamir was the Chief Financial Officer at 180 Life Sciences Corp. and has previously worked at Ventum Financial Corp. He holds a B.A in Economics from McGill University. His compensation includes an annual salary of $400,000, a discretionary target bonus of 50% of his base salary, and he will participate in the company benefit plans similar to other senior executives. On October 21, 2024, Pamir will be granted an option to purchase shares of the company's common stock, with vesting conditions. If terminated without cause, Pamir will receive nine months’ base salary continuation. The company also issued a press release on September 20, 2024, about Pamir's hiring.
List of proper names: - ChromaDex Corporation - Ozan Pamir - James Lee - 180 Life Sciences Corp. - Ventum Financial Corp. - McGill University - Robert Fried
Reneo Pharmaceuticals, Inc. has announced a merger agreement where OnKure, Inc. will become a wholly owned subsidiary and the combined company will change its name to "OnKure Therapeutics, Inc." Reneo filed a registration statement, which is now effective, and a final proxy statement/prospectus seeking shareholder approval for the merger. Two legal complaints have been brought against Reneo in New York alleging misrepresentation and omission of material information related to financial projections for Reneo and OnKure, alongside potential conflicts of interest with financial advisors. Reneo intends to defend vigorously against these complaints but has opted to supplement certain disclosures in the proxy statement/prospectus without conceding any legal merit to the complaints. The updated disclosures do not imply any material changes to previous statements. The merger completion is subject to conditions that include regulatory approvals. Forward-looking statements included in the report relate to the merger's expected benefits, as well as future financial and operating results. The company cautions against undue reliance on these projections and notes the uncertainty around the merger's conclusion.
Proper names mentioned: - Reneo Pharmaceuticals, Inc. - OnKure, Inc. - OnKure Therapeutics, Inc. - Radiate Merger Sub I, Inc. - Radiate Merger Sub II, LLC - Thomas v. Reneo Pharmaceuticals, Inc., et al. - Kent v. Reneo Pharmaceuticals, Inc., et al. - Leerink Partners - Evercore Group L.L.C. - LifeSci Capital LLC - Concentra - Party A, Party B, Party C, Party D, Party E, and Party F (referred to as such in the disclosed information) - Cooley (referred to as "a representative from Cooley") - Jones Day (referred to as "a representative from Jones Day") - Gregory J. Flesher (President and Chief Executive Officer of Reneo Pharmaceuticals, Inc.)
Greenpro Capital Corp. has been notified by The NASDAQ Stock Market that its common stock's closing bid price has been below $1.00 for 30 consecutive business days, resulting in non-compliance with Nasdaq's minimum bid price requirement. The company has been given a 180-day period until March 17, 2025, to regain compliance. If the stock's closing bid price reaches $1.00 for at least ten consecutive business days within this period, the company will regain compliance. In case of failure to comply, additional time may be granted if other initial listing standards are met and the company indicates an intention to cure the deficiency. No decision has been made on the response to this notice.
Names Mentioned: - Greenpro Capital Corp. - The NASDAQ Stock Market - Lee Chong Kuang (Chief Executive Officer, President, Director)
SEACOR Marine Holdings Inc. has announced that on September 19, 2024, the Board of Directors increased from five to six members, appointing Lisa P. Young as a new director. Ms. Young will serve until the next annual meeting where she will stand for re-election. The appointment follows the Board's and the New York Stock Exchange's criteria for an independent director. Ms. Young is a retired senior partner from Ernst & Young and has extensive experience in leadership. She currently has board commitments to several organizations and holds a BBA in Finance and Accounting. Additionally, she will join the Board’s Audit, Compensation, and Nominating Committees and receive compensation in alignment with the company’s established policies. The company issued a press release about Ms. Young's appointment.
Names: - SEACOR Marine Holdings Inc. - Lisa P. Young - Ernst & Young - Valo Health, Inc. - Accelus Inc. - Textainer Group Holdings Limited - Columbus Museum of Art - Dallas Black Dance Theatre - FringeArts - Texas Tech University Rawls College of Business Advisory Council
Overland Advantage has issued a notice to its investors regarding the sale of its common shares, with a total offering price of $75,000,000, estimated at $25.37 per share. This sale is anticipated to close on September 30, 2024. The shares are being sold based on subscription agreements which require investors to fund their commitments whenever the company issues a capital call. The sale is being conducted without registration under the Securities Act of 1933, based on certain exemptions, and the investors have represented themselves as either accredited investors or non-U.S. persons in compliance with relevant regulations.
Names: - Overland Advantage - Kimberly A. Terjanian (Chief Financial Officer)
Equity Commonwealth has announced a special shareholder meeting to discuss the Plan of Sale, which includes winding down and liquidating the company, as well as dissolving it and establishing a Liquidating Entity. During the meeting, shareholders will also provide non-binding advisory votes on potential executive compensation related to the Plan of Sale. Shareholders are encouraged to read the proxy statements available on the company's website or the SEC's website for detailed information before voting. Forward-looking statements in the report are subject to risks and uncertainties.
Important names mentioned:
Travelzoo has appointed Lijun Qi as the Chief Accounting Officer. Lijun Qi, aged 54, is a Certified Public Accountant with over 20 years of experience in financial reporting and accounting for U.S. listed companies. She joined Travelzoo in December 2016 as the Finance Director and has served as the principal accounting officer since March 31, 2023. Previously, Qi worked for InvenSense, Inc. and Meru Networks, Inc. She holds a Master of Science in Accounting from Widener University and a Bachelor of Arts from Shenyang University. There are no familial ties or related party transactions between Qi and any Travelzoo officers or directors.
Vapotherm, Inc. held a special meeting of stockholders on September 19, 2024, where they approved a merger agreement with Veronica Holdings, LLC and its subsidiaries, which will result in Vapotherm becoming a wholly owned subsidiary of Veronica Holdings, LLC. The required majority of stockholders voted in favor: 3,503,337 for and 60,664 against, with 4,828 abstaining. Additionally, stockholders approved on a non-binding basis the compensation related to the merger, with 3,480,625 voting for, 80,942 against, and 7,262 abstaining. The Adjournment Proposal was not presented as the necessary stockholder approval was obtained. The merger's completion is still subject to other closing conditions outlined in the Merger Agreement.
Vocodia Holdings Corp reports that Scott Silverman has resigned as Chief Financial Officer. Vocodia entered into a termination agreement with Thornhill Advisory Group, where the company will pay a $80,000 termination payment in four installments, along with a $22,000 fee for services through September 30, 2024. Vocodia has also terminated a Securities Purchase Agreement with the buyers, and the Board of Directors approved the redemption of all outstanding shares of Series D Preferred Stock. Vocodia is an emerging growth company and the resignation was not due to any disagreement on company operations or practices.
Names mentioned: - Vocodia Holdings Corp - Scott Silverman - Thornhill Advisory Group Inc (formerly EverAsia Financial Group Inc.) - Brian Podolak
Healthy Choice Wellness Corp. has announced the completion of their initial public offering (IPO) of 400,000 shares at $10.00 per share, which resulted in net proceeds of approximately $3.55 million after expenses, excluding other offering costs. This offering also included an additional 45-day option for underwriters to purchase up to 60,000 more shares. The IPO closely followed the company's spin-off from Healthier Choices Management Corp., where shareholders received shares in the new entity. The shares commenced trading on the NYSE American under the symbol "HCWC." The company also entered into an underwriting agreement with Maxim Group LLC and other underwriters, and certain lock-up agreements restrict the sale of stock by company executives and the issuance of new shares by the company for a period of six months.
List of proper names mentioned: - Healthy Choice Wellness Corp. - Healthier Choices Management Corp. - NYSE American - Maxim Group LLC - Jeffrey E. Holman
Advent Convertible and Income Fund has announced that Derek Medina has resigned from his position as a Trustee due to other professional commitments. His resignation, effective September 18, 2024, was not due to any disagreements with the Fund's operations, policies, or practices. Following his resignation, the Board of Trustees was reduced from eight to seven members.
Names: Advent Convertible and Income Fund, Derek Medina, Tony Huang.
Invech Holdings, Inc. has advised that their financial statements for Q2 as previously filed on August 12, 2024, are not to be relied upon. These financial statements have not been reviewed by the company's current auditor. The issue has been discussed with the independent accounting firm, Michael Gillespie & Associates, PLLC, which is now reviewing the Q2 financial statements. The revised financials will be included in their upcoming S-1 filing. The notice is dated September 18, 2024, and was signed by CEO Rhonda Keaveney.
EWSB Bancorp, Inc., the proposed holding company for East Wisconsin Savings Bank, has announced the successful completion of its common stock offering. Furthermore, all regulatory approvals have been obtained for the conversion of Wisconsin Mutual Bancorp, MHC from mutual to stock form. The conversion and stock offering closure are expected to occur post-business hours on September 20, 2024. The company also warns readers regarding forward-looking statements contained in the report that involve risks and uncertainties and advises not to place undue reliance on them. Factors mentioned may influence the company's financial performance and future results.
Reliant Holdings, Inc. held a Special Meeting of Shareholders on September 13, 2024. At this meeting, shareholders approved several proposals by proxy voting, representing approximately 91% of total shares entitled to vote. These proposals included changing the company's name to Onar Holding Corporation, amending the articles of incorporation to permit shareholder action via majority written consent, and authorizing a reverse stock split in a range of 10:1 to 1000:1 for a 24-month period. The company is currently finalizing the name change with FINRA.
Bright Horizons Family Solutions Inc. has announced the appointment of Jennifer Schulz to its Board of Directors, effective immediately. The Board has increased from nine to ten members to accommodate this appointment. Ms. Schulz will serve as a Class I director and will stand for election at the 2026 annual meeting of shareholders. She currently serves as CEO of Experian North America and has held various roles at Experian since 2013. Previously, Ms. Schulz has held positions at Visa Inc. and served on the board of Leaf Group Ltd. She has an MBA from the University of Michigan’s Ross School of Business and a BA from the University of Wisconsin. Ms. Schulz will receive compensation as a non-employee director similar to the program detailed in the company's 2024 Proxy Statement and has entered into a standard indemnification agreement with the company.
Odyssey Marine Exploration, Inc. has received a favorable arbitral award from the International Centre for Settlement of Investment Disputes (ICSID). The tribunal awarded Odyssey and its subsidiary, Exploraciones Oceánicas S. de R.L. de C.V. (ExO), $37.1 million from Mexico for breaches of its obligations under NAFTA. This amount, which is net of Mexican taxes, includes interest and costs, and must be paid without any further taxes from Mexico. Odyssey released a press release on the same day with details about the award.
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First Capital Real Estate Trust Incorporated has announced that its board has approved the filing of Chapter 7 bankruptcy. The company has followed through on this decision by filing for bankruptcy protection. The proceedings are identified as, In re First Capital Real Estate Trust Incorporated, Bankr. Case # 24-17705-MMH. The United States Bankruptcy Court for the District of Maryland has jurisdiction over the case since September 13, 2024. Marc Baer has been appointed as the Chapter 7 Trustee on the same date. Frank C. Forelle, the Interim Consulting Chief Executive Officer, signed the report on February 23, 2024.
KHEOBA CORP. has announced the appointment of Mr. Giorgi Sambadze as a director of the company as of September 17, 2024. Sambadze, 24 years old, brings his experience as the owner of an IT company to the board of KHEOBA CORP. The company is located in Tenerife, Spain, and is identified as an emerging growth company. The current President, Gaga Gvenetadze, has signed off on the report of this appointment.
Names for clarity: - KHEOBA CORP. - Mr. Giorgi Sambadze - Gaga Gvenetadze