Core Viewpoint - Lindblad Expeditions Holdings, Inc. has announced the exercise of its mandatory conversion right on all outstanding shares of its 6.0% Series A Convertible Preferred Stock, which is expected to strengthen its balance sheet and simplify its capital structure [1][4]. Group 1: Mandatory Conversion Details - The mandatory conversion was triggered on January 16, 2026, when the volume-weighted average price of the company's common stock exceeded $14.25 for at least 20 out of 30 consecutive trading days [2]. - The effective date for the mandatory conversion is set for February 3, 2026, at which point all 62,000 shares of Preferred Stock will be converted into approximately 9.0 million shares of common stock [3]. - Post-conversion, assuming no additional issuances, Lindblad will have approximately 64.4 million shares of common stock outstanding, with no Preferred Stock remaining [3]. Group 2: Company Overview - Lindblad Expeditions is a leader in global expedition travel, offering immersive journeys across all seven continents through its six brands [4]. - The company collaborates with National Geographic to provide ship-based voyages that allow guests to explore remote destinations alongside scientists and naturalists [4]. - Lindblad's portfolio includes award-winning land-based brands that offer wildlife, cultural, and adventure-focused experiences, fostering a deep appreciation for the planet [4].

Core Viewpoint - Inseego Corp. has successfully completed the repurchase of all outstanding Fixed-Rate Cumulative Perpetual Preferred Stock, Series E, in exchange for cash, common stock, and senior secured notes, aiming to simplify and strengthen its capital structure [1][4]. Financial Summary - The company retired 100% of the Preferred Stock, which had a liquidation preference of $42 million as of December 31, 2025, in exchange for $26 million of aggregate consideration, representing a 38% discount [2]. - The consideration consisted of $10 million in cash, $8 million in existing 9.0% Senior Secured Notes due 2029, and approximately 767,000 shares of common stock [2]. Payment Structure - The cash consideration will be paid in three equal installments: one-third at the Closing Date, one-third six months later, and the final one-third twelve months after the Closing Date [3]. Strategic Implications - The transaction is part of the company's strategy to reduce long-term obligations, improve the balance sheet, and enhance stockholder value [4]. - Mubadala Capital, the previous holder of the Preferred Stock, now holds a minority position in the company's common stock, indicating a shift in ownership structure [4]. Company Overview - Inseego Corp. is a leading provider of cloud-managed, wireless broadband connectivity solutions, focusing on 5G mobile broadband and Fixed Wireless Access (FWA) [5]. - The company has delivered over 10 generations of solutions that provide speed, security, and reliability for various sectors, including businesses and government agencies [5].

Core Points - TeraWulf has set December 9 as the mandatory conversion date for all outstanding Series A Convertible Preferred Stock after its shares traded above 130% of the conversion price [1] - The conversion is triggered as TeraWulf's common stock exceeded the $10 threshold for at least five trading days between November 4 and November 24 [2] - Each preferred share will convert into 141.9483 common shares, and early conversions will not include accrued dividends [2] - The conversion aims to simplify the company's capital structure, according to TeraWulf's CFO Patrick Fleury [2] Financial Performance - TeraWulf reported third-quarter revenue of $50.6 million, with $43.38 million from bitcoin mining and $7.2 million from AI infrastructure services [3] Capital Raising Initiatives - On October 29, TeraWulf proposed a $500 million offering of convertible senior notes due 2032, with an option for initial purchasers to buy an additional $75 million of notes [4] - The notes will be senior unsecured obligations and are part of TeraWulf's plan to fund construction at its data center campus in Abernathy, Texas [4] Strategic Partnerships - TeraWulf announced a $9.5 billion extension to its partnership with AI cloud platform Fluidstack, forming a joint venture to build 168 MW of critical IT load at the Abernathy site under a 25-year hosting agreement [5] - This contract represents a long-term expansion of TeraWulf's existing relationship with the Google-backed platform [5] Conversion Process - Holders who choose not to convert early will automatically receive common stock without taking action [6]

Core Viewpoint - Abacus Global Management, Inc. has initiated an exchange offer and consent solicitation to simplify its capital structure and mitigate the potential dilutive impact of outstanding warrants [1][2]. Group 1: Exchange Offer Details - The company is offering 0.23 shares of common stock for each warrant tendered, with a total of up to 4,743,381 shares available for exchange [2]. - The offering period will last until July 29, 2025, with the possibility of extension [2]. - Holders can withdraw their tendered warrants at any time before the expiration date [2]. Group 2: Consent Solicitation - The company is soliciting consents to amend the warrant agreement, allowing for an exchange ratio of 0.207 shares per warrant, which is 10% less than the current offer [3]. - Approximately 25% of public warrants and 94% of private placement warrants have agreed to participate in the offer and consent to the amendment [3]. - An additional 25% consent from public warrant holders is needed for the amendment to be adopted [3]. Group 3: Current Capital Structure - As of June 30, 2025, there are 97,867,821 shares of common stock and 20,623,395 warrants outstanding [5]. - If all warrants are exchanged, the total shares outstanding would increase to 102,611,202, representing a 5% increase, with no warrants remaining [5]. Group 4: Regulatory Information - The offer and consent solicitation are conducted under a prospectus and Schedule TO filed with the SEC [4]. - D.F. King & Co., Inc. is the information agent, while Continental Stock Transfer & Trust Company serves as the exchange agent [6].