Rights Offering
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CAT Strategic Metals - Reminder Rights Offering Expires November 21, 2025
Newsfile· 2025-11-06 15:00
Core Points - CAT Strategic Metals Corporation has announced a Rights Offering, allowing shareholders to subscribe for additional units at a specified price [1][2] - Each unit consists of one common share and one purchase warrant, with specific terms for exercise and pricing [2][3] - The Rights Offering includes provisions for oversubscription, allowing shareholders to acquire more units if the offering is not fully subscribed [3] Rights Offering Details - Shareholders receive one transferable right for each common share held, with a subscription price of $0.0075 per unit [2] - Each warrant allows the purchase of an additional common share at $0.05 for a period of 60 months [2] - Rights expire at 4:00 p.m. (Pacific Time) on November 21, 2025, and trading will cease at 12:00 p.m. (Eastern Time) on the same day [9] Shareholder Instructions - Shareholders holding shares through intermediaries will receive instructions from their respective institutions [5] - For any inquiries regarding the exercise of rights, shareholders are directed to contact Odyssey Trust Company [5] Company Overview - CAT Strategic Metals focuses on acquiring and advancing mineral properties with potential for gold, copper, silver, tellurium, and lithium [7] - The company controls properties in Nevada and New Brunswick, Canada, targeting various mineral resources [7]
Greenfire Resources Announces Intent to Conduct C$300 Million Rights Offering
Newsfile· 2025-11-04 02:10
Core Viewpoint - Greenfire Resources Ltd. plans to conduct a rights offering of its common shares to raise approximately C$300 million, aimed at funding the redemption of outstanding senior secured notes due 2028 [1][4]. Group 1: Rights Offering Details - The rights offering will be available to all holders of Greenfire's common shares as of a record date to be determined [1]. - A standby purchase agreement is expected with Waterous Energy Fund, which holds approximately 55.9% of the company's shares, committing to fully exercise their subscription privilege and purchase any unsubscribed shares, up to C$300 million [2]. - The subscription price for the rights offering is anticipated to reflect a discount of no more than 15% as required by TSX rules [3]. Group 2: Use of Proceeds - Net proceeds from the rights offering, along with cash on hand, will be used to redeem US$237.5 million of outstanding senior secured notes due 2028 at a redemption price of 106% plus accrued interest [4]. Group 3: Regulatory and Procedural Aspects - The rights offering will be conducted in Canada and the U.S., with necessary filings to be made with Canadian securities regulators and the U.S. Securities and Exchange Commission [5]. - The offering is subject to the execution of definitive documentation, necessary approvals, and market conditions, with the company retaining the option to modify or not proceed with the offering [5]. Group 4: Company Overview - Greenfire is an oil sands producer focused on developing long-life and low-decline thermal oil assets in Alberta, Canada, with a commitment to operational excellence and safe operations [8].
Total Return Securities Fund Provides Details About Rights Offering and Subsequent Tender Offer
Globenewswire· 2025-11-03 20:50
Group 1 - The Total Return Securities Fund has filed a registration statement with the SEC for a rights offering, allowing shareholders to purchase additional shares at 85% of the net asset value (NAV) per share on the expiration date of December 5, 2025 [1] - Shareholders of record on November 14, 2025, will receive one non-transferable right for each share held, and those who fully exercise their rights may subscribe for additional shares not taken by other rights holders [1] - The Board plans to authorize a tender offer to buy back between 15% and 30% of the Fund's outstanding shares at a price of at least 98% of NAV, depending on the results of the rights offering [2] Group 2 - A registration statement on Form N-2 related to the securities has been filed with the SEC but is not yet effective, meaning the securities cannot be sold or offered until it becomes effective [3] - This press release serves informational purposes only and does not constitute an offer to purchase or solicit an offer to sell shares of the Fund's common stock [4] - If a tender offer is initiated, the Fund will file a Tender Offer Statement with the SEC, which will include important information regarding the terms and conditions of the tender offer [4]
Nuveen Global High Income Fund Announces Terms of Rights Offering
Businesswire· 2025-10-08 20:10
Core Viewpoint - Nuveen Global High Income Fund has announced a rights offering to its common shareholders, allowing them to purchase additional shares at a discount to the market price, aimed at increasing the fund's assets and providing high current income to shareholders [1][2]. Group 1: Rights Offering Details - The Board of Trustees has approved the issuance of transferable rights to holders of common shares as of October 21, 2025, with the rights allowing shareholders to subscribe for new common shares at a subscription price expected to be below the market price [1][2]. - Record Date Shareholders will receive one right for each common share owned, with the rights allowing the purchase of one new common share for every four rights held (1-for-4) [3]. - The subscription price will be determined as 95% of the average of the last reported sales price on the NYSE on the expiration date and the four preceding trading days, with a minimum price set at 90% of the net asset value per common share [3]. Group 2: Benefits of the Offer - The rights offering is expected to enhance portfolio yields and fund earnings by taking advantage of attractive valuations in global high-income asset classes [2][3]. - The offering allows for tax-efficient rebalancing of the portfolio without selling existing positions, potentially reducing taxable events for shareholders [3]. - Increased trading volume and liquidity of common shares are anticipated as a result of the offering, along with a lower expense ratio due to spreading fixed operating costs across a larger asset base [3]. Group 3: Additional Information - The rights are transferable and will begin trading on the NYSE under the symbol "JGH RT" on October 20, 2025, with regular trading expected to start on October 23, 2025 [3][4]. - Monthly distributions are expected to be declared for November and December 2025, with shares issued from the rights offering not eligible for the earlier distributions [4]. - The final terms of the offer will be detailed in a prospectus supplement, which will control over the initial announcement [5].
X @Bloomberg
Bloomberg· 2025-10-06 18:24
Financial Activities - Ørsted A/S raised 60 billion Danish kroner (approximately $9.4 billion USD) through a rights offering [1] Industry Challenges - The rights offering is critical for the company to tackle the downturn facing the wind power industry [1]
This 7.6% Dividend Hits Rare Discount With New Rights Offering
Investing· 2025-09-30 09:16
Group 1 - The article provides a market analysis covering major companies including Microsoft Corporation, Alphabet Inc Class A, Amazon.com Inc, and Southern Company [1] - It highlights the performance trends and investment opportunities within these companies [1] - The analysis is available on Investing.com, indicating a resource for investors seeking detailed insights [1]
Prime Drink Group Terminates Rights Offering and Announces Private Placement
Globenewswire· 2025-09-04 22:30
Core Viewpoint - Prime Drink Group Corp. has terminated its rights offering and is moving forward with a non-brokered private placement to raise a maximum of $5,000,000 [1] Group 1: Private Placement Details - The private placement will offer units at a price of $5,000 per unit, each consisting of 62,500 common shares and 62,500 transferable share purchase warrants [2] - A maximum of 62,500,000 common shares will be issued at a deemed price of $0.08 per share, along with a maximum of 62,500,000 warrants [2] - Each warrant allows the holder to purchase a common share at $0.085 for two years from the issuance date [2] Group 2: Financial Aspects - The company will pay a cash finders' fee of 6% on the proceeds received from subscribers introduced by arm's-length finders [3] - The net proceeds from the unit offering will be used for business development and general working capital purposes [5] Group 3: Regulatory and Compliance - The units are offered through private placement exemptions from prospectus requirements under applicable securities laws, with resale restrictions including a hold period of four months and one day [4] - The offering is subject to final approval from the Canadian Securities Exchange and other regulatory approvals [4] Group 4: Company Overview - Prime Drink Group Corp. is based in Québec and aims to become a leading diversified holding company in the beverage, influencer media, and hospitality sectors [6]
Asia Pacific Wire & Cable Corporation Limited Announces Plans for Rights Offering to Shareholders
GlobeNewswire· 2025-08-30 00:50
Core Viewpoint - Asia Pacific Wire & Cable Corporation Limited has filed a Registration Statement for a proposed rights offering to raise approximately $34.2 million in equity capital, primarily for new production facilities [1][2]. Group 1: Rights Offering Details - The rights offering aims to provide all shareholders the opportunity to participate on a pro rata basis [2]. - Shareholders will receive non-transferable subscription rights at a ratio of one right per common share, allowing them to purchase additional shares at a subscription price of $1.66 each [3]. - An over-subscription right will be available, permitting rights holders to purchase additional shares that remain unsubscribed after the initial offering [4]. Group 2: Shareholder Participation - The controlling shareholder, Pacific Electric Wire & Cable Co., Ltd. (PEWC), intends to invest at least $27.7 million in the rights offering, although there is no guarantee of participation [5]. Group 3: Regulatory and Procedural Information - The rights offering will not commence until the Registration Statement is declared effective by the SEC, with further details to be provided in the final prospectus [6]. - The record date and subscription period will be announced once established [6]. Group 4: Company Overview - Asia Pacific Wire & Cable Corporation Limited is a holding company based in Bermuda, primarily engaged in manufacturing and distributing enameled wire, power cable, and telecommunications products across the Asia Pacific region [8]. - The company also provides project engineering services related to power cable supply and installation, serving various major customers including appliance manufacturers and electrical contracting firms [8].
Total Return Securities Fund, Inc. Announces Rights Offering
Globenewswire· 2025-08-19 20:10
Group 1 - The Board of Directors of Total Return Securities Fund, Inc. plans to authorize the issuance of non-transferable rights for shareholders to purchase additional shares at 85% of the net asset value on the expiration date [1] - Following the rights offering, the Board intends to authorize a tender offer to purchase either 30% of the Fund's outstanding shares if at least 8 million shares are issued, or the greater of 15% of outstanding shares or a number that results in approximately $90 million in net assets if fewer than 8 million shares are issued [2]
NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces the Preliminary Results of its Rights Offering
Prnewswire· 2025-08-14 12:00
Core Viewpoint - NXG NextGen Infrastructure Income Fund successfully completed a transferable rights offering, which was oversubscribed, raising approximately $63 million for investment in infrastructure-related securities [1][2]. Group 1: Offering Details - The rights offering commenced on July 21, 2025, and expired on August 13, 2025, allowing rights holders to subscribe for up to 1,414,904 common shares at a subscription price of $44.92 per share [1]. - The subscription price was set at 90% of the Fund's net asset value per share at the close of trading on the expiration date [1]. - Common shares will be issued after the completion of pro-rata allocation and receipt of all shareholder payments [1]. Group 2: Fund Objectives and Strategy - The Fund aims for a high total return with an emphasis on current income, investing at least 80% of its net assets in equity and debt securities of infrastructure companies [5]. - The investment focus includes energy, industrial, sustainable, and technology infrastructure companies, with a limit of 25% of managed assets in energy master limited partnerships [5]. - The Fund employs leverage as part of its investment strategy, although there is no assurance that it will achieve its investment objectives [6]. Group 3: Fund Management - NXG Investment Management, based in Dallas, Texas, serves as the investment adviser for the Fund, focusing on long-term growth in sustainable and traditional infrastructure sectors [4]. - The Fund is a closed-end management investment company, and its shares are traded on the New York Stock Exchange under the symbol "NXG" [5].