Rights Offering
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Asia Pacific Wire & Cable Corporation Limited Announces Key Dates for Rights Offering
Globenewswire· 2025-12-04 21:00
Core Viewpoint - Asia Pacific Wire & Cable Corporation Limited (APWC) has announced a rights offering to raise equity capital, allowing existing shareholders to purchase additional common shares at a subscription price of $1.66 per share, with the aim of generating approximately $33.9 million for general working capital and corporate purposes [2][4][5]. Group 1: Rights Offering Details - The rights offering will distribute non-transferable subscription rights to shareholders as of December 11, 2025, at a ratio of one subscription right per common share [2]. - The subscription period is set to commence on December 18, 2025, and will terminate on January 23, 2026 [2]. - The offering includes a basic subscription right and an over-subscription right, allowing shareholders to purchase additional shares that remain unsubscribed [3]. Group 2: Purpose and Strategic Goals - The primary purpose of the rights offering is to raise equity capital in a cost-effective manner, providing all shareholders the opportunity to participate on a pro rata basis [4]. - The company aims to use the proceeds to support its plans to enter the North American market and invest in new products and technologies, enhancing its traditional wire and cable business [5]. Group 3: Company Overview - Asia Pacific Wire & Cable Corporation Limited is a holding company based in Bermuda, with operations primarily in the Asia Pacific region, focusing on the manufacture and distribution of enameled wire, power cable, and telecommunications products [8]. - The company serves a diverse customer base, including appliance component manufacturers, electrical contracting firms, and state-owned entities [8].
No Thanks On SWZ Rights Offering
Seeking Alpha· 2025-11-28 19:17
Core Insights - The article discusses the investment strategies and background of Dan Plettner, focusing on his expertise in Closed-End Funds and underfollowed securities [1]. Group 1: Background and Experience - Dan Plettner has been investing since his teenage years and holds a Magna Cum Laude undergraduate degree from Miami University [1]. - He received the "NSD award" as a retail Financial Advisor at Morgan Stanley Dean Witter and later served as a Closed-End Fund Product Specialist at Morgan Stanley's International Headquarters in Manhattan until 2000 [1]. - Plettner attained his MBA from New York University, further enhancing his qualifications in the investment field [1].
GCI Liberty Announces Terms for Previously Announced Rights Offering
Businesswire· 2025-11-25 01:30
Core Points - GCI Liberty, Inc. announced the terms for a rights offering to distribute subscription rights to holders of its Series A, B, and C common stock to acquire Series C GCI Group common stock [1][2] - The rights distribution date is set for November 25, 2025, with a record date of November 24, 2025 [1][3] - Each holder will receive 0.3838 of a Series C GCI Group Right for each share held, with fractional rights rounded up [1][2] - The subscription price for each whole Series C GCI Group Right is $27.20, representing a 20% discount to the average trading price for the ten days ending November 21, 2025 [2] - The ex-dividend date is expected to be November 26, 2025, coinciding with the commencement of the rights offering [3] Company Overview - GCI Liberty, Inc. operates through its wholly owned subsidiary GCI, LLC, which is Alaska's largest communications provider [8][9] - GCI has invested $4.7 billion in its network and facilities over the past 45 years, aiming to enhance connectivity and close the digital divide in Alaska [9]
INEO Announces Filing of a Rights Offering Circular
Newsfile· 2025-11-25 00:25
Core Viewpoint - INEO Tech Corp. has announced a rights offering to raise up to $1,683,357, allowing shareholders to purchase additional common shares at a subscription price of $0.01 each [2]. Group 1: Rights Offering Details - The rights offering will provide one right for each common share held by shareholders as of the record date of December 2, 2025 [2]. - The rights will be tradable on the TSXV under the symbol "INEO.RT" from December 2, 2025, until December 29, 2025, after which unexercised rights will be void [4]. - Shareholders who fully exercise their rights will have the opportunity to subscribe for additional common shares if available due to unexercised rights [4]. Group 2: Change of Control Provisions - Certain change of control payments are due to the CEO and Chairman if any party acquires 50% or more of the common shares, including a payment equal to three years' salary and immediate vesting of stock options [3]. - To avoid triggering these change of control rights, the company will limit the number of common shares issued so that no subscriber acquires 49.99% or more of the outstanding shares [3]. Group 3: Use of Proceeds - Proceeds from the rights offering are expected to be allocated for inventory purchases, customer deployments, payment of current liabilities, and general administrative expenses [7]. Group 4: Company Overview - INEO Tech Corp. operates at the intersection of in-store retail media and loss prevention, offering a digital signage and retail analytics platform through its subsidiary [9]. - The company is headquartered in Surrey, British Columbia, and is publicly traded on the TSX Venture Exchange and OTCQB [9].
Calfrac Announces Rights Offering and Redemption of Second Lien Notes
Globenewswire· 2025-11-14 11:00
Core Viewpoint - Calfrac Well Services Ltd. is initiating a rights offering to raise C$35,000,000, fully backed by existing directors and shareholders, to address debt maturities and enhance financial stability [1][5]. Rights Offering Details - The rights offering is expected to be completed around December 23, 2025, allowing the company to access a C$120,000,000 term loan and potentially an additional C$15,000,000 from existing facilities [2]. - The proceeds will be used to redeem approximately US$120,000,100 of outstanding 10.875% second lien secured notes before their 2026 maturity [2]. - Eligible shareholders will receive one transferable right for each common share held as of November 21, 2025, with each right allowing the subscription for 0.1514872 of a common share at a price of $2.69, representing a 15% discount to the average trading price [3][4]. Standby Purchase Agreement - A standby purchase agreement has been established with major shareholders, ensuring that they will exercise their rights and purchase any unsubscribed shares, thereby guaranteeing the company will achieve the C$35,000,000 target [5][7]. - The major shareholders collectively hold over 60% of the outstanding common shares, indicating strong support for the company's strategy [7]. Financial Strategy and Outlook - The CFO highlighted that the refinancing plan aims to reduce debt and interest expenses, aligning with the company's financial priorities [8]. - The company anticipates a significant reduction in long-term debt and borrowing costs, supported by strong operating results and decreased capital spending in 2026 [8]. Regulatory and Procedural Information - The rights will be listed on the TSX under the symbol "CFW.RT" starting November 21, 2025, and will expire on December 19, 2025 [4][10]. - Detailed information regarding the rights offering will be provided in a circular and notice available on SEDAR+ [9].
Calfrac Reports Third Quarter 2025 Results
Globenewswire· 2025-11-14 11:00
Core Insights - Calfrac Well Services Ltd. reported financial results for Q3 and the first nine months of 2025, showing improvements in net income and cash flow despite a decline in revenue compared to the previous year [2][9][17]. Financial Performance - Adjusted EBITDA for Q3 2025 was $48.5 million, down 25% from $65.0 million in Q3 2024, while net income from continuing operations was $4.3 million compared to a loss of $6.7 million in the same quarter last year [2][17]. - Revenue for Q3 2025 was $323.4 million, a decrease of 25% from $430.1 million in Q3 2024, primarily due to lower activity in Argentina and a reduced operating footprint in North America [9][13]. - For the first nine months of 2025, revenue was $1.1 billion, down 8% from $1.2 billion in the same period of 2024, with North American operations particularly affected by extreme weather and lower commodity prices [9][22]. Operational Highlights - The company operated an average of 10 fracturing fleets in Q3 2025, down from 13 in Q3 2024, reflecting a strategic alignment with reduced oil-directed activity [20]. - In Argentina, revenue decreased by 39% to $85.8 million in Q3 2025, attributed to a slowdown in industry activity, while revenue for the first nine months increased by 18% to $370.3 million due to the commencement of a new fracturing fleet [25][30]. Debt Management and Capital Structure - The company successfully repatriated significant funds from Argentina, leading to a reduction in long-term debt during Q3 2025 [2][27]. - A rights offering was approved to raise $35 million, with major shareholders agreeing to purchase any unsubscribed shares, demonstrating confidence in the company's strategy [3][4]. Future Outlook - The company anticipates a decline in overall industry activity in North America heading into Q4 2025, with expectations for a moderate increase in oil-directed activity in 2026 [16][18]. - The completion of the Tier IV fleet modernization program positions the company well for future growth, particularly in the Vaca Muerta shale play in Argentina [19][26].
AmpliTech Group, Inc. Unit Rights Offering Subscription Period Begins November 11, 2025
Globenewswire· 2025-11-11 12:00
Core Points - AmpliTech Group, Inc. has initiated its subscription period for the 2025 Unit Rights Offering, allowing shareholders to purchase additional units [1][2] - The offering includes two transferable Unit Rights for each share owned, enabling the purchase of up to 8,000,000 units at a price of $4.00 per unit [4][5] - The rights offering is managed by Moody Capital Solutions, Inc., which will assist in facilitating the process for investors [7] Offering Details - The record date for determining eligible shareholders was November 10, 2025, with the subscription period commencing on November 11, 2025 [1][6] - Holders can oversubscribe for additional units, subject to pro rata allocation based on total subscriptions [2] - The deadline for subscription and payment is set for December 10, 2025, with an extension period possible until January 9, 2026 [6] Company Overview - AmpliTech Group specializes in advanced signal-processing components for various communication networks, including satellite and 5G/6G systems [1][9] - The company operates multiple divisions focused on RF microwave components and 5G network solutions, serving markets such as telecommunications, defense, and quantum computing [9]
Lee Enterprises(LEE) - Prospectus
2025-11-10 22:13
As filed with the Securities and Exchange Commission on November 10, 2025 Registration No. 333- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _________________ Lee Enterprises, Incorporated (Exact name of registrant as specified in its charter) _________________ | Delaware | 2711 | 42-0823980 | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation ...
Ascot Announces Launch of C$0.01 Rights Offering
Globenewswire· 2025-11-08 02:02
Core Viewpoint - Ascot Resources Ltd. is initiating a rights offering to raise gross proceeds of up to C$14,871,517 to settle outstanding amounts owed to creditors [1][12]. Rights Offering Details - The company will offer 1,487,151,720 rights to shareholders, with each right allowing the subscription for one common share at a price of C$0.01 [2]. - The rights will expire on December 12, 2025, and unexercised rights will become void [4]. - Shareholders who fully exercise their rights will have the opportunity to subscribe for additional shares from unexercised rights [4]. Standby Agreement - A standby agreement has been established with Fiore Management and Advisory Corp., which will acquire all outstanding rights shares not taken up by shareholders [5]. Share Structure Post-Offering - Upon completion of the rights offering, assuming all rights are exercised, the total number of common shares outstanding will be 2,974,303,440, with rights shares representing approximately 50% of the total [7]. Eligibility and Subscription Process - The rights will be offered to shareholders in all provinces and territories of Canada, and registered shareholders must submit their subscription forms to the rights agent by the expiry time [6]. - Shareholders outside of eligible jurisdictions must provide evidence of eligibility to participate in the rights offering [8]. Closing and Consolidation - The rights offering is expected to close around December 15, 2025, subject to necessary approvals [9]. - Following the rights offering, the company plans to execute a 50:1 share consolidation [10]. Use of Proceeds - The net proceeds from the rights offering will be utilized to settle outstanding debts owed to creditors [12]. Additional Information - Further details regarding the rights offering will be available in the company's circular and notice, which will be filed on SEDAR+ [13].
NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Terms of Rights Offering, Announces December Monthly Distribution and Provides Update on Capital Gains
Prnewswire· 2025-11-07 11:55
Core Viewpoint - NXG Cushing Midstream Energy Fund has approved the issuance of transferable rights to its common shareholders, allowing them to subscribe for additional common shares at a discount to market price, aimed at increasing the fund's assets for investment opportunities [1][2][3] Offer Details - The record date for the offer is set for November 17, 2025, with shareholders receiving one right for each common share held, allowing them to purchase one new common share for every three rights [2] - The subscription period will begin on the record date and is expected to end on December 11, 2025, with rights being transferable and tradable on the NYSE under the symbol "SRV RT" [3] - The subscription price will be determined on the expiration date, set at 95% of the average sales price of the common shares on the NYSE for the five trading days leading up to the expiration date, with a minimum price of 92.5% of the fund's net asset value [4] Over-Subscription Privilege - Record date common shareholders who fully exercise their primary subscription rights will have the opportunity to subscribe for any additional common shares not purchased in the primary subscription, subject to limitations [5] Monthly Distribution - The fund has declared a monthly distribution of $0.45 per common share for December 2025, with the distribution being 100% sourced from investment income [8][10] - A previous monthly distribution of $0.45 per share was declared for November 2025, with a record date of November 17, 2025 [10] Capital Gains Update - As of October 31, 2025, the fund estimates a special distribution of long-term capital gains between $10 million to $15 million, equating to approximately 5% to 8% of the fund's net asset value, which would translate to about $2.00 to $3.50 per share based on current outstanding shares [11] - If the offer is fully subscribed, the total common shares outstanding could increase to approximately 6.2 million, potentially reducing the per-share distribution to about $1.50 to $2.50 [11] Fund Overview - NXG Cushing Midstream Energy Fund is a non-diversified, closed-end management investment company focused on achieving high after-tax total returns through capital appreciation and current income, primarily investing in midstream energy assets [15] - The fund utilizes leverage as part of its investment strategy, and its common shares are traded on the NYSE under the symbol "SRV" [15]