IX Acquisition Corp. Announces Increase in Contribution Amount in Connection with its Proposed Extension

Written by Customer Service on December 5, 2023. Posted in Public Companies.

IX Acquisition Corp. (NASDAQ: IXAQ) (the “Company”), a blank check company incorporated as a Cayman Islands exempted company, today announced that it has filed a supplement (“Supplement”) to its definitive proxy statement (the “Proxy Statement”) with the US Securities and Exchange Commission (the “SEC”) on November 24, 2023, in connection with an extraordinary general meeting in lieu of an annual general meeting of the shareholders (“Meeting”) to consider and vote on certain proposals, including an extension of the date by which the Company has to complete a business combination from December 12, 2023 on a monthly basis up to ten (10) times until October 12, 2024 (the “Second Extension”). The Supplement provides that the monthly loan amount that IX Acquisition Sponsor LLC (the “Sponsor”) will contribute to the Company’s trust account if...

Avis Budget Group Announces Special Cash Dividend

Written by Customer Service on December 5, 2023. Posted in Dividend Reports And Estimates.

PARSIPPANY, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced the declaration by its Board of Directors of a special cash dividend of $10.00 per share of common stock. The special cash dividend is payable on December 21, 2023 to stockholders of record as of the close of business on December 15, 2023. In addition, the Company has purchased approximately 1.3 million shares of its common stock to date in the fourth quarter of 2023 for an aggregate purchase price of approximately $240 million. There is approximately $820 million remaining under its share repurchase program and the Company expects to continue retiring shares throughout the balance of 2023 and beyond (subject to market and other conditions). ABOUT AVIS BUDGET GROUP We are a leading global provider of mobility...

Exela Technologies Announces Adjournment of Annual Meeting

Written by Customer Service on December 5, 2023. Posted in Public Companies.

IRVING, Texas, Dec. 05, 2023 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA; XELAP), a business process automation leader, today announced that it adjourned the Annual Meeting of Stockholders held on December 5, 2023 (the “Meeting”). The Meeting will reconvene on Friday, December 29, 2023 at 10:00 AM ET/9:00 a.m. Central Time. Due to lack of required quorum, the Meeting was adjourned, without any business being conducted, to allow additional time for the Company’s stockholders to vote on the proposals set forth in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission. The new date will provide additional time for shareholders to have their voices heard. The Meeting will be held online at www.virtualshareholdermeeting.com/XELA2023. The Company...

Crown Point Announces Placement of Additional US$6.0 Million of Series IV Notes

Written by Customer Service on December 5, 2023. Posted in Public Companies.

CALGARY, Alberta, Dec. 05, 2023 (GLOBE NEWSWIRE) — TSX-V: CWV: Crown Point Energy Inc. (“Crown Point“, the “Company” or “we“) is pleased to announce that its wholly-owned Argentine subsidiary, Crown Point Energia S.A. (“CPE“), has placed a total of US$6.0 million principal amount of additional Series IV unsecured fixed-rate notes (“Series IV Notes“), to be issued on December 6, 2023, which are denominated in US$ and payable in Pesos (the “Offering“). The total principal amount of the Series IV Notes of US$13,476,000 will be repaid in four quarterly equal installments, starting on October 20, 2024, and the last installment will be payable on July 20, 2025. The Series IV Notes accrue interest at a fixed rate of 5% per annum, payable every three months in arrears...

Piedmont Office Realty Trust Announces Pricing of an Add-on Offering of Senior Notes

Written by Customer Service on December 5, 2023. Posted in Public Companies.

Atlanta, Dec. 05, 2023 (GLOBE NEWSWIRE) — Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), has priced an add-on offering of $200 million aggregate principal amount of its 9.250% senior notes due 2028 (the “additional 2028 notes”) at 101.828% of the principal amount. The offering is expected to close on December 11, 2023, subject to the satisfaction of customary closing conditions. The additional 2028 notes will be issued as additional notes under the existing indenture pursuant to which the Operating Partnership previously issued $400 million aggregate principal amount of its 9.250% senior notes due 2028 (the “existing notes”), all of which remain outstanding. The additional 2028 notes will...

James River Names William “Bill” Bowman as President and Chief Executive Officer of Specialty Admitted Insurance Segment

Written by Customer Service on December 5, 2023. Posted in Public Companies.

PEMBROKE, Bermuda, Dec. 05, 2023 (GLOBE NEWSWIRE) — James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced that William “Bill” Bowman has been named President and Chief Executive Officer, Specialty Admitted Insurance. Mr. Bowman joined the Company in 2019 as Senior Vice President, Program Management, and has led the program and fronting business within the Specialty Admitted Insurance segment over that period. Mr. Bowman will report to Frank D’Orazio, Chief Executive Officer of the Company. “Bill is a very accomplished executive with deep relationships with MGAs, program managers and high-quality reinsurers, and significant experience delivering profitable growth in the fronting sector,” said Frank D’Orazio, Chief Executive Officer of the Company. “He has been a critical contributor to...

Descartes Announces Fiscal 2024 Third Quarter Financial Results

Written by Customer Service on December 5, 2023. Posted in Earnings Releases And Operating Results.

Record Revenues as Global Logistics Network Expands WATERLOO, Ontario and ATLANTA, Dec. 05, 2023 (GLOBE NEWSWIRE) — The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2024 third quarter (Q3FY24). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). “Our network continues to grow as new customers join our community and existing customers trust us with more of their business,” said Edward J. Ryan, Descartes’ CEO. “As a result, we delivered another strong quarter of financial results in a challenging market. We believe there’s a lot more we can do to help shippers, carriers and logistics services providers manage the complete lifecycle of shipments...

Eco Modular, a Leader in Sustainable Modular Building Manufacturing, to Go Public Through Merger with Zalatoris II Acquisition Corp.

Written by Customer Service on December 5, 2023. Posted in Mergers And Acquisitions.

Eco Modular Offers a full Turnkey and Offsite Solution for Sustainable Modular Manufactured Buildings across various Sectors. Transaction Represents an Enterprise Value of $600 Million for Eco Modular. Eco Modular Expects to Have up to $66 Million in Cash to Fund Growth and Operations, assuming no redemptions. New York, New York, Dec. 05, 2023 (GLOBE NEWSWIRE) — Ascotway Ltd, operating as Eco Modular, a pioneer in Turnkey and Offsite Modular Manufacturing, and Zalatoris II Acquisition Corp. (NASDAQ: ZLS, ZLSWW, ZLSWU), a special purpose acquisition company focused on innovative technology firms, proudly announce the execution of a definitive business combination agreement (the “Transaction”). The transformative merger is poised to position Eco Modular as a publicly traded company on NASDAQ under the Ticker Symbol...

IsoEnergy and Consolidated Uranium Complete Merger Creating a Leading, Diversified Uranium Company in Tier One Jurisdictions

Written by Customer Service on December 5, 2023. Posted in Mergers And Acquisitions.

SASKATOON, Saskatchewan and TORONTO, Dec. 05, 2023 (GLOBE NEWSWIRE) — IsoEnergy Ltd. (“IsoEnergy”) (TSXV: ISO; OTCQX: ISENF) and Consolidated Uranium Inc. (“Consolidated Uranium” or “CUR”) (TSXV: CUR; OTCQX: CURUF) are pleased to announce the successful completion of the previously announced arrangement (the “Arrangement” or the “Merger”) whereby IsoEnergy has acquired all of the issued and outstanding common shares of Consolidated Uranium (the “CUR Shares”). The Arrangement results in IsoEnergy acquiring 100% of the CUR Shares not already held by IsoEnergy or its affiliates and Consolidated Uranium becoming a wholly owned subsidiary of IsoEnergy. Pursuant to the Arrangement, Consolidated Uranium shareholders (the “CUR Shareholders”) received 0.500 common shares of IsoEnergy (each whole share, an “IsoEnergy Share”) for each CUR...

Powell Industries Announces Fiscal 2023 Fourth Quarter And Full Year Results

Written by Customer Service on December 5, 2023. Posted in Earnings Releases And Operating Results.

HOUSTON, Dec. 05, 2023 (GLOBE NEWSWIRE) — Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2023 fourth quarter and full year ended September 30, 2023. All comparisons are to the comparable period in the prior fiscal year, unless otherwise noted. Fourth Quarter Key Highlights: Revenues totaled $209 million, an increase of 28%; Gross profit was $52 million, or 24.9% of revenue, an improvement of 430 basis points; Net Income was $26 million, or $2.17 per diluted share, and included: Unusual items resulting in a benefit of $0.22 per diluted share; Net new orders totaled $171 million; As of September 30, 2023, backlog was $1.3 billion, an increase of 118%; Cash and short-term investments...

Day: December 5, 2023

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