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Alvotech Successfully Places USD 108 Million Senior Unsecured Convertible Bonds in a Significantly Oversubscribed Offering
Globenewswire· 2025-12-17 07:30
Core Viewpoint - Alvotech successfully placed USD 108 million in senior unsecured convertible bonds due 2030, significantly oversubscribed, to fund ongoing R&D investments and support global product launches [2][3][4]. Company Overview - Alvotech is a global biotech company focused on developing and manufacturing biosimilar medicines, with a current pipeline of 30 products under development [2][11]. - The company aims to be a leader in the biosimilar market by providing high-quality, cost-effective products and services [11]. Financial Details - The proceeds from the bond offering will be used to continue investing in R&D, with an expected R&D budget of around USD 250 million in 2026 [2][4]. - The convertible bonds carry a coupon of 6.875%, payable semi-annually, and have a conversion premium set at 25% over USD 4.7379 per share, with an initial conversion price of USD 5.9224 per share [4][5]. Market Position and Strategy - Alvotech is scaling up its production capacity to support four new global product launches through 2026 [2][3]. - The company has formed strategic partnerships to enhance its global reach and leverage local expertise in various markets, including the US, Europe, and Asia [11]. Transaction Timeline - The offering was launched on December 16, 2025, with settlement of the convertible bonds scheduled for December 22, 2025 [6].
Arbe Announces Proposed Extension of Convertible Debenture Milestones
Prnewswire· 2025-12-08 21:00
Core Viewpoint - Arbe Robotics Ltd. is proposing to extend the deadline for meeting conditions under its series A convertible bonds to December 31, 2026, to avoid early redemption of unconverted bonds [1][2]. Group 1: Bondholder Meeting and Terms - A bondholder meeting is scheduled for December 16, 2025, to vote on the proposed extension and updated terms, which include reducing the interest rate from 6.5% to 4.35% effective January 1, 2026 [2]. - The conversion price for the bonds remains at ILS 9.53 (approximately $2.95) per share, and the company is considering issuing additional bonds to increase the total principal amount to up to $20 million from the current $8.5 million [2]. Group 2: Conditions for Fund Release - The release of funds from the trustee is contingent upon three conditions, which include securing a strategic program award with a European OEM, maintaining a share price of at least $3.10 for 30 consecutive trading days, and achieving a minimum trading volume of 300,000 shares per day [3][6]. - The decision to seek an extension is influenced by recent developments that have led Arbe to not expect securing the potential strategic program award in the near future [3]. Group 3: Company Overview - Arbe Robotics is a leader in ultra-high-resolution radar solutions, providing technology that enhances safety in driving systems and supports advancements from ADAS to full vehicle autonomy [4]. - The company’s radar chipset offers up to 100 times more detail than traditional radar systems, enabling real-time, 4-dimensional imaging for various vehicle segments and safety applications [4].
Indkaldelse til ordinær generalforsamling i Brøndbyernes I.F. Fodbold A/S
Globenewswire· 2025-09-26 10:00
Core Points - The company Brøndbyernes I.F. Fodbold A/S is convening its annual general meeting on October 21, 2025, at 16:00 at Brøndby Stadion [1] - The agenda includes the approval of the annual report, proposals for the use of profits, and various proposals from the board regarding capital adjustments and governance changes [4][36] Agenda Items - Presentation of the annual report with auditor's approval and annual report for approval [4][14] - Proposal for the use of profits or covering losses according to the approved annual report [4][14] - Presentation of the remuneration report for advisory voting [4][14] - Proposals from the board including: - Capital reduction and change of nominal value of shares [4][15][16] - Authorization for the board to increase the company's share capital with preemptive rights [4][19] - Extension of authorization to increase share capital without preemptive rights [4][24] - Extension of authorization to issue convertible bonds [4][26] - Update of conversion price for convertible loans [4][28] - Change in notice procedures for general meetings [4][31] - Increase in the maximum number of executive board members from three to five [4][32] - Authorization for the board to acquire the company's own shares [4][35] - Election of the board members [4][36] - Election of a state-authorized auditor [4][37] - Authorization for the chairman of the meeting [4][37] - Any other business [4][38] Share Capital Information - The company's share capital is currently DKK 285,166,366.50, divided into 1,140,665,466 shares with a nominal value of DKK 0.25 each [5] - The proposed capital reduction will adjust the nominal value of shares from DKK 0.25 to DKK 0.10 [15][16][17] Participation and Voting - The general meeting will be held physically, and shareholders can order access cards or proxies until October 17, 2025 [6][8] - Shareholders can vote based on shares owned as of the registration date, October 14, 2025 [7] - Proxies must be requested by October 17, 2025, and voting by mail is allowed until October 20, 2025 [8] Documentation Availability - The notice, total number of shares and voting rights, and documents for the meeting will be available on the company's website from September 26, 2025 [9][10] - Shareholders can submit questions regarding the agenda and documents until October 20, 2025 [11]
X @Ivan on Tech 🍳📈💰
Ivan on Tech 🍳📈💰· 2025-07-31 18:56
Solana's Vision - Solana aims to host every asset and market on a single, globally distributed state machine, synchronized at the speed of light [2] - Solana envisions the emergence of internet capital markets [2] Market Scope - Solana targets a wide array of financial instruments, including stocks, bonds, lending, money markets, foreign exchange, commodities, derivatives, private equity, venture capital, hedge funds, real estate investment trusts, asset-backed securities, municipal bonds, treasury securities, corporate bonds, convertible bonds, preferred stocks, common stocks, options, futures, swaps, credit default swaps, mortgage-backed securities, collateralized debt obligations, exchange-traded funds, mutual funds, index funds, closed-end funds, unit investment trusts, American depositary receipts, global depositary receipts, warrants, rights offerings, initial public offerings, secondary offerings, private placements, repurchase agreements, commercial paper, certificates of deposit, banker's acceptances, Eurodollars, currency forwards, interest rate swaps, equity swaps, total return swaps, structured products, contingent convertible bonds, green bonds, Sukuk, catastrophe bonds, inflation-protected securities, zero-coupon bonds, and floating rate notes [1]
X @Bloomberg
Bloomberg· 2025-07-16 00:12
Market Trends - Convertible bonds have become a popular asset class in China this year [1] - Convertible bonds' performance is surpassing local stocks and fixed income [1]