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Safety Shot Completes Acquisition of Yerbae Brands Corp.
Globenewswire· 2025-06-27 13:28
Core Insights - Yerbaé Brands Corp. has successfully completed a business combination with Safety Shot, Inc., where Safety Shot acquired all outstanding shares of Yerbaé [1][2] - The transaction was executed through a court-approved plan of arrangement, resulting in Safety Shot shareholders owning approximately 81.64% of the combined company, while former Yerbaé shareholders own about 18.36% [2][3] Transaction Overview - Under the arrangement agreement dated January 7, 2025, Safety Shot acquired all Yerbaé shares, with each Yerbaé shareholder receiving 0.2918 of a Safety Shot share for each Yerbaé share held [3] - The total number of Safety Shot shares issued in the transaction was 19,881,948 [2] - Yerbaé shares will be delisted from the TSX Venture Exchange and OTCQX effective June 30, 2025 [3] Shareholder Information - Yerbaé shareholders with physical share certificates must submit a Letter of Transmittal to receive their Safety Shot shares [4] - For shareholders holding shares in book-entry form or brokerage accounts, the exchange of shares is automatic [5] Company Profiles - Safety Shot, Inc. specializes in wellness and dietary supplements, notably developing Sure Shot, a patented product that lowers blood alcohol content while enhancing clarity and energy [6] - Yerbaé Brands Corp. produces plant-based energy beverages that are zero calorie, zero sugar, and cater to various dietary preferences, aiming to disrupt the energy beverage market [7] Advisory Information - Maxim Group LLC acted as the exclusive financial advisor to Safety Shot during the merger [8] - Legal counsel for Yerbaé was provided by Cozen O'Connor LLP, while Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. served as legal counsel for Safety Shot [9]
EQX's Solid Cash Base Fuels Project Progress: Can It Sustain the Pace?
ZACKS· 2025-06-27 12:31
Core Insights - Equinox Gold Corp. (EQX) has a robust financial position with significant cash flows, supporting its development projects and liquidity [1][6] - The Greenstone mine is a key asset, expected to produce approximately 390,000 ounces of gold annually at full capacity [2][6] - The company plans to pursue deleveraging in the second half of 2025, leveraging strong cash flow generation [1][6] Financial Position - EQX ended Q1 with $173 million in unrestricted cash and $65 million in an undrawn credit facility, indicating strong liquidity [1][6] - B2Gold Corp. (BTG) reported cash and cash equivalents of $330 million and $800 million available for future drawdowns under its credit facility [3] - Eldorado Gold Corporation (EGO) had $978 million in cash and $241 million in available credit, totaling around $1.2 billion in liquidity [4] Production and Growth - The ramp-up at the Greenstone mine is currently underway, targeting an annual production of 390,000 ounces of gold [2][6] - The recent business combination with Calibre Mining Corp. is expected to enhance production growth and cash flow for EQX [2] Valuation and Market Performance - EQX is trading at a forward 12-month earnings multiple of 7.83, which is about 40.5% lower than the industry average of 13.17 [8] - The Zacks Consensus Estimate indicates a year-over-year earnings rise of 135% for 2025 and 123.4% for 2026, although EPS estimates have been trending down recently [9]
Inception Growth Acquisition Limited Announces Postponement of the Special Meeting to July 14, 2025 and Extension of Redemption Request Deadline
Globenewswire· 2025-06-26 10:20
Core Viewpoint - Inception Growth Acquisition Limited has postponed its Special Meeting of shareholders to July 14, 2025, to allow stockholders more time to review the Supplement to the definitive proxy statement, which includes a corrected redemption price and updates regarding the annual meeting [1][4]. Group 1: Special Meeting Details - The Special Meeting will still take place at the same location and time, now set for July 14, 2025, at 10:00 a.m. Hong Kong Time [2]. - The record date for stockholders eligible to vote remains May 27, 2025, allowing those who sold shares after this date to still participate [3]. - Stockholders who have already voted do not need to take further action, as their votes remain valid unless revoked [3]. Group 2: Redemption Requests - The deadline for stockholders to submit redemption requests has been extended from June 27, 2025, to July 10, 2025 [4]. - Stockholders can revoke previously submitted redemption requests before the new deadline [4]. Group 3: Company Background - Inception Growth Acquisition Limited is a blank check company incorporated in Delaware, focused on business combinations with other entities [7].
Pelican Acquisition Corporation Signs Letter of Intent to Acquire Greenland Exploration Limited
Globenewswire· 2025-06-23 20:39
NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (NASDAQ: PELI, the “Company” or “Pelican”), a Cayman Islands exempted company formed as a special purpose acquisition company, today announced that it has entered into a non-binding letter of intent (“LOI”) with Greenland Exploration Limited (“Greenland Exploration” or “GEL”) to pursue a potential business combination. Greenland Exploration is a Texas-based special purpose vehicle focused on developing strategic interests in North A ...
Crown Announces Entry into Merger Agreement
Globenewswire· 2025-06-09 13:00
Core Viewpoint - Crown Electrokinetics Corp. has entered into a definitive Merger Agreement with Crown EK Acquisition LLC, which will lead to Crown becoming a wholly owned subsidiary of Parent, controlled by Douglas Croxall, the Company's Chairman and CEO [1][2][3]. Group 1: Merger Agreement Details - The Merger Agreement stipulates that Purchaser will initiate a tender offer to acquire all outstanding shares of Crown's common stock at a cash price of $3.15 per share [2]. - The transaction has received unanimous approval from a special committee of independent directors, who determined it to be fair to Crown's unaffiliated public stockholders [3]. - The tender offer is expected to commence within 15 business days and will remain open for 20 business days, unless extended [4]. Group 2: Transaction Structure and Timeline - The transaction is not subject to a financing condition and is anticipated to close promptly after the successful completion of the tender offer [4]. - Additional information regarding the transaction will be filed with the SEC and made available on Crown's investor relations website [5]. Group 3: Company Overview - Crown is recognized as a leading provider of innovative technology infrastructure solutions, operating across multiple sectors including Smart Windows and Construction [6].
Kyivstar Group Reaches Nasdaq Listing Milestone with Public Filing of Registration Statement on Form F-4
Globenewswire· 2025-06-05 21:20
Core Points - Kyivstar Group Ltd., Ukraine's leading digital operator, has filed a Registration Statement with the SEC as part of its plans to list on Nasdaq following a business combination with Cohen Circle Acquisition Corp. I [1][2][3] - The business combination is expected to close in the third quarter of 2025, pending shareholder approval and customary closing conditions [3][4] - Kyivstar Group serves over 23 million mobile customers and 1.1 million home internet customers, and plans to invest USD 1 billion in Ukraine by 2027 [5] Company Overview - Kyivstar Group operates as a major provider of mobile communication in Ukraine, offering a range of services including 4G, big data, cloud solutions, and digital TV [5] - VEON, the parent company of Kyivstar Group, provides digital services to nearly 160 million customers across six countries [6] - Cohen Circle Acquisition Corp. I is a special purpose acquisition company formed to facilitate mergers and business combinations in the technology and financial services sectors [7][8]
Kyivstar Group Reports First Quarter 2025 Financial Results in Conjunction with its Nasdaq Listing Process
Globenewswire· 2025-06-05 21:00
Core Insights - Kyivstar Group reported strong financial results for Q1 2025, with total operating revenue reaching USD 255 million, a 37.1% increase year-on-year in USD terms and 49.6% in local currency [2][5][6] - The company achieved a profit of USD 44 million for the period, reflecting a 22.2% year-on-year increase in USD and a 33.7% increase in local currency terms, resulting in a profit margin of 17.3% [2][5][6] - Adjusted EBITDA for Q1 2025 was USD 140 million, up 50.5% year-on-year in USD and 64.6% in local currency, with an adjusted EBITDA margin of 54.9% [2][5][6] Financial Performance - Total operating revenue for Q1 2025 was USD 255 million, up 37.1% year-on-year in USD and 49.6% in local currency [2][5][6] - Profit for the period amounted to USD 44 million, a 22.2% increase year-on-year in USD and 33.7% in local currency [2][5][6] - Adjusted EBITDA reached USD 140 million, representing a 50.5% year-on-year increase in USD and 64.6% in local currency [2][5][6] Customer Growth - The Multiplay customer base increased by 40.7% year-on-year to 6.1 million, representing 29.5% of one-month-active mobile customers [6] - Total digital monthly active users across Kyivstar Group's digital applications reached 10.3 million in Q1 2025, up 32.9% from 7.7 million a year earlier [6] Strategic Initiatives - The company completed the acquisition of Uklon, a leading ride-hailing business, for approximately USD 155.2 million and increased its stake in Helsi, Ukraine's largest digital health platform, from 69.99% to 97.99% [5][14] - Kyivstar Group is progressing towards a listing on the Nasdaq Stock Market, with a registration statement filed in conjunction with a business combination with Cohen Circle [8][10]
Safe Shot to Capitalize on Yerbae’s Strong Retail Presence & Distributor Network Following Acquisition
Globenewswire· 2025-05-23 12:00
Core Insights - Safety Shot, Inc. anticipates a 1000% increase in annual revenue for 2025 compared to 2024 following the acquisition of Yerbae Brands Corp. [1] - The acquisition is expected to enhance Safety Shot's market position by leveraging Yerbae's retail presence, distributor network, and innovative product offerings [1][2]. Retail Expansion - Yerbae has established a strong retail presence, including partnerships with North America's largest club store retailer, Kroger, and Sprouts Farmers Market, which will contribute to Safety Shot's growth [2][3][4]. - Yerbae's products are now authorized in over 1,200 Kroger locations across 22 states, with significant placements expected to increase in 2025 [3]. - Sprouts Farmers Market is expanding Yerbae's portfolio with a new SKU across 419 stores, following a 45.2% dollar growth in the previous year [4]. Distribution Network - Yerbae's distribution network is expanding through partnerships with various distributors, enhancing its reach in the Caribbean and West Coast ports [10]. - The company has secured placements in over 340 national accounts, including major corporations like Google and Spotify, further broadening its market access [15]. Product Innovation - Safety Shot's flagship product, Sure Shot, is a patented wellness product designed to lower blood alcohol content while enhancing clarity and energy [11]. - Yerbae's beverages are marketed as zero calorie, zero sugar, and non-GMO, appealing to health-conscious consumers [12][13].
Sizzle Acquisition Corp. II Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing May 23, 2025
Globenewswire· 2025-05-20 21:27
Group 1 - Sizzle Acquisition Corp. II announced that starting May 23, 2025, holders of units from its initial public offering can separately trade Class A ordinary shares and rights on the Nasdaq Global Market under the symbols "SZZL" and "SZZLR" respectively [1] - Units that are not separated will continue to trade under the symbol "SZZLU" on the Nasdaq Global Market [1] Group 2 - Sizzle Acquisition Corp. II is a special purpose acquisition company incorporated in the Cayman Islands, aiming to effect mergers, amalgamations, share exchanges, asset acquisitions, and similar business combinations across various industries [2] - The company plans to focus on sectors such as restaurant, hospitality, food and beverage, retail, consumer technology, real estate, mining, professional sports teams, airlines, and technology related to these industries in the United States and other developed countries [2] - The company intends to complete a business combination with an established business of scale that is poised for continued growth and led by a highly regarded management team [2]
CHARTER COMMUNICATIONS AND COX COMMUNICATIONS ANNOUNCE DEFINITIVE AGREEMENT TO COMBINE COMPANIES
Prnewswire· 2025-05-16 10:48
Core Viewpoint - The merger between Charter Communications and Cox Communications aims to create a leading entity in mobile and broadband communications, video entertainment, and customer service, benefiting employees, customers, communities, and shareholders [1][2]. Transaction Details - The proposed transaction values Cox Communications at an enterprise value of approximately $34.5 billion, consisting of $21.9 billion in equity and $12.6 billion in net debt and other obligations [1][2]. - Charter will acquire Cox's commercial fiber and managed IT and cloud businesses, while Cox will contribute its residential cable business to Charter Holdings [3]. - Cox Enterprises will receive $4 billion in cash, $6 billion in convertible preferred units, and approximately 33.6 million common units in Charter's existing partnership, valued at $11.9 billion [4]. Governance Structure - Post-transaction, Chris Winfrey will remain as President & CEO, with Alex Taylor joining as Chairman of the Board [8]. - Cox will have the right to nominate two additional board members to Charter's 13-member board [8]. Community and Employee Impact - Charter plans to invest $50 million to establish a foundation for community leadership and support, alongside a $5 million employee relief fund [11]. - The combined company will adopt Charter's employee-focused model, ensuring starting wages of at least $20 per hour and comprehensive benefits [15]. Strategic Objectives - The merger will enhance product offerings across Cox's 12 million passings and 6 million existing customers under the Spectrum brand, providing improved pricing and service options [12]. - The combined entity aims to create a best-in-class customer service model, integrating Cox's service history with Charter's U.S.-based service commitments [13]. Financial Expectations - Charter anticipates approximately $500 million in annualized cost synergies within three years of closing, primarily from procurement and overhead savings [17]. - The combined company will assume approximately $12 billion in Cox's outstanding debt, resulting in a net leverage of approximately 3.9x [18].