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NanoViricides Announces Closing of $6 Million Registered Direct Offering and Concurrent Private Placement Priced at the Market Close
Accessnewswire· 2025-11-12 22:01
Core Points - NanoViricides, Inc. has completed a securities purchase agreement with a healthcare institutional investor [1] - The agreement involves the purchase of 3,571,429 shares of common stock at a price of $1.68 per share [1] - The gross proceeds from this offering amount to approximately $6 million before expenses [1]
Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.41 Per Share 2025 Annual Distribution Totals $0.86 Per Share
Globenewswire· 2025-11-12 20:29
Core Viewpoint - Ellsworth Growth and Income Fund Ltd. has declared a cash distribution of $0.41 per share, payable on December 30, 2025, to shareholders of record on November 24, 2025 [1] Distribution Options - Shareholders not in the Automatic Dividend Investment Plan can choose to receive the distribution in cash or beneficial shares, with the option expiring on December 15, 2025 [2] - If no election is made, shareholders will automatically receive the distribution in beneficial shares [2] Share Calculation - The number of shares received under the share option will be determined on December 16, 2025, based on the lower of the closing market price or net asset value of the Fund's beneficial shares [3] Distribution Policy - The Fund aims to pay an annual distribution of at least 5% of its trailing 12-month average month-end market price or meet the minimum distribution requirement set by the Internal Revenue Code [4] - The Board of Trustees reviews potential distributions quarterly, considering the Fund's net asset value and market conditions [5] Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [6] - Certain U.S. shareholders may incur an additional 3.8% Medicare surcharge on net investment income [6] Return of Capital - If the Fund's earnings do not cover the total distributions in a year, the excess amount will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [7] Distribution Components - Long-term capital gains, qualified dividend income, and return of capital will be allocated pro-rata to all distributions, with estimated components provided to shareholders [8] Fund Overview - Ellsworth Growth and Income Fund Ltd. has total net assets of $216 million and primarily invests in convertible securities and common stock, aiming for income and capital appreciation [10]
Marcus Corporation Declares Quarterly Dividend
Businesswire· 2025-11-05 16:18
Core Points - The Marcus Corporation's Board of Directors declared a regular quarterly cash dividend of $0.08 per share of common stock [1] - A dividend of $0.073 per share was also declared for Class B common stock, which is not publicly traded [1] - Both dividends will be paid on December 15, 2025, to shareholders of record on November 25, 2025, for common stock and November 2, 2025, for Class B common stock [1]
Beyond Meat Announces Final Tender Results and Final Settlement for Exchange Offer and Consent Solicitation with Respect to Existing Convertible Notes
Globenewswire· 2025-10-29 11:00
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].
3 Dividend-Paying ETFs to Double Down On Even if the S&P 500 Sells Off in October
Yahoo Finance· 2025-10-20 12:21
Core Insights - The article emphasizes the benefits of investing in dividend-focused ETFs, particularly for generating income and potential price appreciation over time [1][5]. Dividend Income and Growth - Dividend-paying stocks can provide significant annual income; for instance, a portfolio of $400,000 with a 3% yield can generate approximately $12,000 annually, which is expected to grow over time [2]. - Healthy and growing dividend stocks typically increase their payouts, helping investors keep pace with inflation [3]. Investment Strategy - Investing in dividend-paying stocks can be a strategic move, especially during market downturns, as these stocks tend to provide regular income regardless of market conditions [4]. - The article suggests that market timing is ineffective, and investors should consider adding to their positions even during uncertain market periods [5]. Recommended ETFs - Three recommended ETFs include: 1. **iShares Preferred and Income Securities ETF (PFF)**: Offers a high yield of 6.46% but with slower growth potential [6][8]. 2. **Schwab U.S. Dividend Equity ETF (SCHD)**: Tracks high-quality companies with a yield of 3.79% and a strong performance record [6][10]. 3. **Vanguard Dividend Appreciation ETF (VIG)**: Focuses on companies with a history of increasing dividends, yielding 1.64% [6][11]. Performance Metrics - The article provides performance metrics for the recommended ETFs, highlighting their average annual returns over 5 and 10 years, indicating a trade-off between yield and growth potential [6][7].
Metaplanet Defends Preferred Stock Strategy as Interest in ‘MicroStrategy-Style’ Plays Fades
Yahoo Finance· 2025-10-17 10:36
Core Viewpoint - Metaplanet is shifting towards issuing preferred shares as a strategy to optimize capital and enhance Bitcoin holdings per share without diluting common shareholders [2][3]. Group 1: Company Strategy - The preferred share strategy is part of a capital optimization phase aimed at boosting Bitcoin holdings per share [2]. - The company has suspended several series of stock acquisition rights, indicating a strategic recalibration [2]. - Preferred shares are viewed as a "more powerful tool" than common stock issuance, allowing capital raising at a fixed dividend rate without increasing share count [3]. Group 2: Financial Implications - Gerovich argues that if the rate of increase in Bitcoin exceeds the cost of capital, it acts as compound interest, ultimately benefiting common shareholders [4]. - A formula presented by Gerovich suggests that if Bitcoin compounds at 30% annually and preferred dividends are set at 6%, the long-term outcome would simulate dilution-free growth equivalent to issuing new stock at an mNAV of 8.6x [5]. - Metaplanet is effectively debt-free and maintains one of the healthiest financial bases in Japan [5].
Financial Institutions effects stock buybacks program for up to 5% of outstanding shares (FISI:NASDAQ)
Seeking Alpha· 2025-09-22 20:17
Core Viewpoint - Financial Institutions announced a share repurchase program for up to 1,006,379 shares of common stock, representing approximately 5% of the company's outstanding stock [1] Summary by Relevant Sections - **Share Repurchase Program** - The company plans to repurchase up to 1,006,379 shares of common stock [1] - This amount represents around 5% of the total outstanding shares [1] - The buyback authorization is effective from September 18 [1]
Revelation Biosciences Inc. Announces Exercise of Warrants for $9.6 Million in Gross Proceeds
Accessnewswire· 2025-09-11 12:30
Core Insights - Revelation Biosciences, Inc. has entered into a definitive agreement for the immediate exercise of certain outstanding warrants to purchase up to 4,355,000 shares of common stock at an exercise price of $2.20 per share [1] Company Summary - The company is a clinical-stage life sciences firm focused on rebalancing inflammation [1] - The existing warrants were issued on May 29, 2025, and the shares are registered under an effective registration statement on Form S-1 [1]
Netcapital Announces Up To $5.9 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-07-16 17:40
Group 1 - Netcapital Inc. has entered into agreements for the purchase and sale of 641,712 shares of common stock at a price of $4.675 per share in a registered direct offering [1][3] - The offering is expected to generate approximately $3 million in gross proceeds, with an additional potential of $2.9 million from unregistered short-term warrants if fully exercised [3][4] - The company intends to use the net proceeds for the repayment of certain outstanding promissory notes and for general working capital purposes [3] Group 2 - H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering [2] - The common stock is being offered under a "shelf" registration statement that was declared effective by the SEC on October 26, 2022 [4] - The unregistered short-term warrants are being offered in a private placement under Section 4(a)(2) of the Securities Act and have not been registered under the Securities Act or applicable state securities laws [5] Group 3 - Netcapital Inc. is a fintech company that provides a platform for private companies to raise capital online and offers private equity investment opportunities to investors [7] - The company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies [7] - The company's funding portal and broker-dealer are both registered with the SEC and are members of FINRA [7]
Netcapital Announces Closing of Up To $9.9 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-07-07 20:05
Group 1 - The company, Netcapital Inc., closed a registered direct offering for the purchase and sale of 714,286 shares of common stock at a price of $7.00 per share, generating approximately $5 million in gross proceeds [1][3] - In a concurrent private placement, the company issued unregistered short-term warrants to purchase up to 714,286 shares at an exercise price of $6.88 per share, potentially adding up to $4.9 million in gross proceeds if fully exercised [1][3] - The net proceeds from the offering will be used for the repayment of certain outstanding promissory notes and for general working capital purposes [3] Group 2 - H.C. Wainwright & Co. acted as the exclusive placement agent for the offering [2] - The common stock was offered under a "shelf" registration statement that was declared effective by the SEC on October 26, 2022 [4] - The unregistered short-term warrants were offered in a private placement under Section 4(a)(2) of the Securities Act and have not been registered under the Securities Act or applicable state securities laws [5] Group 3 - Netcapital Inc. is a fintech company that provides a scalable technology platform for private companies to raise capital online and offers private equity investment opportunities to investors [7] - The company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies [7] - The company's funding portal is registered with the SEC and is a member of FINRA, and its broker-dealer is also registered with the SEC and a member of FINRA [7]