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RR Investors Have Opportunity to Lead Richtech Robotics Inc. Securities Fraud Lawsuit First Filed by the Rosen Law Firm
Prnewswire· 2026-02-10 02:25
Core Viewpoint - Rosen Law Firm has initiated a class action lawsuit against Richtech Robotics Inc. for securities fraud, alleging that the company made false statements regarding its relationship with Microsoft, which misled investors during the class period from January 27, 2026, to January 29, 2026 [1] Group 1: Lawsuit Details - The class action lawsuit was filed on behalf of purchasers of Richtech Robotics securities during the specified class period [1] - Investors who purchased securities during this time may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - The lawsuit claims that Richtech falsely stated it had a collaborative relationship with Microsoft, which was not true, leading to materially false and misleading statements about the company's business and prospects [1] Group 2: Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting the law firm directly for more information [1] - A lead plaintiff must be appointed by April 3, 2026, to represent the class in the lawsuit [1] - No class has been certified yet, meaning investors are not represented by counsel unless they retain one [1]
Baidu Announces Completion of US$2 Billion Offering of Zero Coupon Exchangeable Bonds
Prnewswire· 2025-03-12 10:54
Core Viewpoint - Baidu, Inc. has successfully completed a US$2 billion exchangeable bonds offering, which will mature in 2032, aimed at repaying existing debt and supporting general corporate purposes [1][4]. Group 1: Bonds Offering Details - The bonds will not bear regular interest and will not accrete in principal amount, maturing on March 12, 2032, unless repurchased, redeemed, or exchanged [2]. - Holders can exchange their bonds after the first anniversary of the issue date, with specific conditions for cash exchanges [2]. - The initial exchange ratio is set at 1,107.0457 Trip.com Shares per US$100,000 principal amount, representing a 43% exchange premium over the recent share price [3]. Group 2: Use of Proceeds - The net proceeds from the bonds offering will be utilized for repaying certain existing indebtedness, paying interest, and for general corporate purposes [4]. Group 3: Regulatory and Trading Information - The bonds have not been registered under the Securities Act and cannot be offered or sold in the U.S. except under specific exemptions [5]. - The bonds have received approval for listing on the Frankfurt Stock Exchange and have commenced trading [6].
Baidu Announces Pricing of US$2 Billion Offering of Zero Coupon Exchangeable Bonds
Prnewswire· 2025-03-07 13:57
Core Viewpoint - Baidu, Inc. has announced the pricing of its US$2 billion exchangeable bonds due in 2032, aimed at certain non-U.S. persons, with the offering expected to close around March 12, 2025 [1]. Group 1: Bonds Offering Details - The bonds will reference ordinary shares of Trip.com Group Limited, listed on the Hong Kong Stock Exchange [2]. - Holders cannot exchange their bonds before the first anniversary of the issue date, with specific conditions for exchanges thereafter [2][4]. - The initial exchange ratio is set at 1,107.0457 Trip.com Shares per US$100,000 principal amount, representing a 43% exchange premium over the recent share price of HK$491.00 [3]. Group 2: Financial Terms and Use of Proceeds - The bonds will not bear regular interest and will mature on March 12, 2032, with a repurchase option available for holders on March 12, 2029 [4]. - The net proceeds from the bonds offering will be used for repaying existing indebtedness, paying interest, and for general corporate purposes [5]. Group 3: Regulatory and Market Considerations - The bonds will not be registered under the Securities Act and cannot be offered or sold in the U.S. except under specific exemptions [6]. - The bonds are expected to be listed on the Open Market segment of the Frankfurt Stock Exchange [7]. - Investors may engage in hedging transactions that could impact the market price of Trip.com Shares [8].
Baidu Announces Proposed Offering of Exchangeable Bonds
Prnewswire· 2025-03-07 08:30
Core Viewpoint - Baidu, Inc. plans to offer up to US$2 billion in exchangeable bonds due 2032, targeting non-U.S. persons in offshore transactions, subject to market conditions [1][3] Group 1: Bonds Offering Details - The bonds will reference ordinary shares of Trip.com Group Limited, listed on the Hong Kong Stock Exchange [2] - Holders can exchange bonds into cash after the first anniversary of the issue date, with specific contingencies [2] - The exchange ratio and other terms will be finalized at the time of pricing [2] Group 2: Use of Proceeds - The net proceeds from the bonds offering will be used for repayment of existing indebtedness, payment of interest, and general corporate purposes [3] Group 3: Regulatory and Market Considerations - The bonds will not be registered under the Securities Act and cannot be offered or sold in the U.S. except under certain exemptions [3] - The Trip.com Shares held by the company are classified as "restricted securities" [3] Group 4: Investor Strategies - Certain purchasers of the bonds may use a convertible arbitrage strategy to hedge their exposure, involving a short position in Trip.com Shares or ADSs [4] - The bookrunners expect to facilitate a sale of Trip.com Shares to hedge investors concurrently with the pricing of the bonds [4] Group 5: Company Overview - Baidu, founded in 2000, is a leading AI company with a strong Internet foundation, trading on Nasdaq and HKEX [6]