CRANFORD, N.J., March 24, 2026 (GLOBE NEWSWIRE) -- Enzon Pharmaceuticals, Inc. (OTCQB: ENZN) (“Enzon” or the “Company”), today announced that the previously approved 1-for-100 reverse stock split will become effective on March 24, 2026, at 4:30 pm, Eastern Time (the “Effective Time”), and the Company’s common stock is expected to begin trading on a reverse stock split-adjusted basis on the OTCQB at market open on March 25, 2026. The Company’s common stock is expected to trade under the temporary symbol “ENZ ...

CRANFORD, N.J., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Enzon Pharmaceuticals, Inc. (OTCQB: ENZN) (“Enzon” or the “Company”) today announced that it has extended the expiration date for the exchange offer by the Company to each holder of its Series C Non-Convertible Redeemable Preferred Stock, $0.01 par value per share (the “Series C Preferred Stock”), to exchange such Series C Preferred Stock for shares of Enzon’s common stock, $0.01 par value per share (the “Common Stock”). After giving effect to the extension, ...

Core Viewpoint - AMC Networks Inc. has initiated an exchange offer for its outstanding 10.25% Senior Secured Notes due 2029, allowing eligible holders to exchange these for newly issued 10.50% Senior Secured Notes due 2032, as detailed in the Offering Memorandum dated February 23, 2026 [1]. Exchange Offer Details - The total consideration for the exchange is set at $1,065 for each $1,000 principal amount of Old Notes validly tendered, with an exchange consideration of $1,015 for those tendered after the early tender time [2]. - The exchange offer will expire on March 23, 2026, with an early tender time set for March 6, 2026, where holders can receive the total consideration including an early tender premium of $50 [4][3]. - The company may opt for early settlement of the exchange offer, expected to occur on or after March 13, 2026, if conditions are met [5]. Consent Solicitation - Concurrently, the company is soliciting consents to amend the indenture governing the Old Notes, allowing for restricted payments up to $50 million [8]. - Holders can deliver consents either by tendering Old Notes or through a consent-only option, with a requirement for a majority consent from holders of the Old Notes [9]. New Notes Characteristics - The New Notes will mature on July 15, 2032, with an interest rate of 10.50% per annum, accruing from January 15, 2026, and payable semi-annually [13]. - The New Notes will be a further issuance of the previously issued 10.50% Senior Secured Notes due 2032, expected to be fungible with the original notes [12]. Eligibility and Distribution - The exchange offer is exclusively available to "Eligible Holders," defined as qualified institutional buyers or non-U.S. persons purchasing in offshore transactions [15][21]. - J.P. Morgan Securities LLC is acting as the lead dealer manager for the exchange offer, with several co-dealer managers assisting [17].

Core Viewpoint - Enzon Pharmaceuticals has initiated an exchange offer for its Series C Non-Convertible Redeemable Preferred Stock in connection with its merger with Viskase Companies, Inc. [1] Offer Details - Enzon is offering holders of Series C Preferred Stock the opportunity to exchange their shares for common stock, with the exchange ratio based on the liquidation preference divided by $7.83, post Reverse Stock Split [2] - The Offer is fully detailed in the Prospectus/Consent Solicitation/Offer to Exchange filed with the SEC on January 28, 2026 [3] Key Dates and Information - The exchange offer commenced on January 30, 2026, and will expire at 11:59 p.m. Eastern Time on February 27, 2026, unless extended [7] - Holders can withdraw their tendered shares at any time before the deadline [7] Company Background - Enzon Pharmaceuticals, Inc. operates as a public company acquisition vehicle, aiming to become an acquisition platform [5] Additional Information - HKL & Co., LLC is the Information Agent for the Offer, while Continental Stock Transfer & Trust Company serves as the Exchange Agent [4] - Investors can access the documents filed with the SEC through the SEC's website or by contacting HKL & Co., LLC [8]

Core Viewpoint - NewtekOne, Inc. has completed its Exchange Offer for its 5.50% Notes due 2026, exchanging them for newly issued 8.50% Fixed Rate Senior Notes due 2031, with a total of $7,877,200 validly tendered, representing approximately 8.29% of the outstanding principal amount [1][2] Group 1: Exchange Offer Details - The Exchange Offer expired on January 23, 2026, at 5:00 p.m. Eastern time [1] - A total of $7,877,200 in principal amount of the Old Notes was validly tendered, which is about 8.29% of the $95.0 million outstanding [1] - NewtekOne waived the condition requiring at least 10% of the Old Notes to be tendered and accepted all validly tendered Old Notes [1] - The settlement of the Exchange Offer is expected to occur on January 28, 2026, with holders receiving an equal principal amount of New Notes [2] Group 2: Remaining Notes and Repayment - After the Exchange Offer, the remaining aggregate principal amount of Old Notes is expected to be $87,122,800 [2] - NewtekOne plans to repay the remaining Old Notes on the maturity date of February 1, 2026 [2] Group 3: Agents Involved - U.S. Bank Trust Company, National Association is the Exchange Agent for the Exchange Offer [3] - Alliance Advisors is serving as the Information Agent, while Lucid Capital Markets, LLC is the Dealer Manager [3] Group 4: Company Overview - NewtekOne, Inc. is a financial holding company providing a range of business and financial solutions to independent business owners since 1999 [5][6] - Its services include banking, business lending, electronic payment processing, and technology solutions among others [6]

Core Viewpoint - Lennar Corporation has completed an exchange offer to swap shares of Millrose Properties, Inc. for its own Class A common stock, with the offer expiring on November 21, 2025 [1][2]. Exchange Offer Details - Lennar accepted 8,049,594 shares of its Class A common stock in exchange for 33,298,754 shares of Millrose Class A common stock [2]. - The exchange offer was oversubscribed, leading to a pro rata acceptance of shares tendered, with a final proration factor of 8.604228% applied to validly tendered shares [3][8]. - "Odd-lot" shareholders, those owning fewer than 100 shares, were not subject to proration and all their shares were accepted [3]. Final Results - A total of 85,296,924 shares of Lennar Class A common stock were validly tendered, with 84,518,299 shares subject to proration [8]. - Shares that were tendered but not accepted will be returned to the stockholders, and shares of Millrose Class A common stock will be credited to the accounts of those whose shares were accepted [4]. Advisory and Management - Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as dealer managers for the exchange offer, while Vestra Advisors, LLC served as the exclusive financial advisor to Millrose [5].

Core Points - Lennar Corporation announced that its Exchange Offer for Millrose Properties, Inc. Class A stock was oversubscribed, with 91,972,752 shares of Lennar Class A common stock validly tendered [1][3] - The final exchange ratio was set at 4.1367 shares of Millrose Class A common stock for each share of Lennar Class A common stock tendered [2][15] - Due to the oversubscription, only a portion of the tendered shares will be accepted on a pro rata basis, with approximately 7.97% of the tendered shares expected to be exchanged [4][5] Exchange Offer Details - The Exchange Offer expired on November 21, 2025, with a guaranteed delivery period extending until November 25, 2025 [1] - Stockholders who tendered fewer than 100 shares will not be subject to proration [4] - The total number of shares accepted in the Exchange Offer was 8,049,596 [7] Financial Implications - Shares of Lennar Class A common stock that were not accepted will be returned to stockholders in book-entry form [6] - The Exchange Agent will credit shares of Millrose Class A common stock to accounts of tendering stockholders whose shares were accepted [6] - Checks for fractional shares will be delivered after aggregation and sale in the open market [6]

Core Viewpoint - Beyond Meat has successfully completed an exchange offer for its existing 0% Convertible Senior Notes due 2027, allowing holders to exchange these notes for new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 and shares of common stock, significantly reducing its outstanding debt and enhancing its capital structure [1][2][4]. Group 1: Exchange Offer Details - The exchange offer included up to $202.5 million in new convertible notes and up to 326,190,370 shares of common stock [1]. - As of the Early Tender Date on October 10, 2025, $1,114,603,000 in existing convertible notes were validly tendered [2]. - An additional $2,738,000 in existing convertible notes were tendered between the Early Tender Date and the Expiration Deadline on October 28, 2025 [3]. Group 2: Settlement Information - Early settlement occurred on October 15, 2025, with $208,717,000 in new convertible notes and 316,150,176 new shares issued [4]. - Following the final settlement on October 30, 2025, a total of $209,176,000 in new convertible notes and 316,926,786 new shares will have been issued [4]. - The total amount of tendered notes represents 97.16% of the outstanding principal amount of existing convertible notes, leaving $32,659,000 remaining [4]. Group 3: Eligibility and Regulatory Information - The new convertible notes and shares are offered only to "qualified institutional buyers" and "accredited investors" who own a minimum of $200,000 in existing convertible notes [5]. - The new convertible notes and shares have not been registered under the Securities Act of 1933, and the offer is not a solicitation to buy or sell any securities [6]. Group 4: Company Overview - Beyond Meat is a leading plant-based meat company focused on providing products made from simple ingredients without GMOs, hormones, or antibiotics [7]. - The company aims to replicate the taste and texture of animal-based meat while promoting health and environmental sustainability [7].

Core Points - Lennar Corporation is offering to exchange its approximately 20% ownership in Millrose Properties, Inc. for shares of its own Class A common stock, with the Exchange Offer starting immediately and expiring on November 7, 2025, unless extended or terminated [1][2][5] - The Exchange Offer allows Lennar stockholders to exchange shares at a 6% discount, with a limit of 4.1367 shares of Millrose Class A common stock for each share of Lennar Class A common stock tendered [2][3] - The final exchange ratio will be determined based on the average daily volume-weighted average prices of both companies' Class A common stocks on the NYSE during the three trading days prior to the expiration date [3] Exchange Offer Details - The Exchange Offer is registered under the Securities Act of 1933, with a registration statement filed by Millrose with the SEC [4] - The completion of the Exchange Offer is contingent upon the effectiveness of the Registration Statement, which may be delayed due to the current U.S. federal government shutdown [5][6] - Lennar currently holds 33,298,764 shares of Millrose Class A common stock, representing about 20% of the total outstanding shares, and plans to dispose of any unexchanged shares through various methods if the Exchange Offer is not fully subscribed [7] Participation and Advisors - The Exchange Offer is voluntary for Lennar Class A stockholders, and no action is required for those who choose not to participate [8] - Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as dealer managers for the Exchange Offer, while Vestra Advisors, LLC serves as the exclusive financial advisor to Millrose [8]