Additionally, the Amendment gives Madryn the option to convert common shares of the company (“Common Shares”) at a conversion price per share of US$1.90 (the “Conversion Price”), subject to customary anti-dilution adjustments (the “Conversion Instrument”), into up to approximately US$231,656 of the outstanding principal amount of the New Loan. This conversion feature is equivalent to … Read more
Following a wild run in the middle of the week, US equities were neutral on Thursday as investors processed news from corporate America suggesting that consumer spending may be about to slow down and that oil prices had dropped to a four-month low. The Nasdaq Composite (^IXIC) and the benchmark S&P 500 (^GSPC) both increased … Read more
At around 4.45%, ten-year rates decreased by eight basis points. After a surge that brought equities close to “overbought” levels, the S&P 500 saw no movement. Macy’s Inc. increased on a beat on profits, but Walmart Inc. fell with a negative tone on the prospects for customers. Cisco Systems Inc. plummeted on a negative projection. … Read more
On Wednesday night, Xi Jinping is having dinner with American CEOs during a period of growing US scepticism over China’s more stringent business regulations and worries about the nation’s faltering economy. The last time Xi hosted US businessmen on US territory, eight years ago, things were very different. While downplaying worries about China’s state control … Read more
On Wednesday, Wall Street equities kept rising as investors accepted the notion that sharply declining inflation would halt interest rate increases. With a rise of almost 0.5%, the Dow Jones Industrial Average (^DJI) led advances. The Nasdaq Composite (IXIC) closed just over the flat line, while the benchmark S&P 500 (GSPC) increased by almost 0.2%. … Read more
is happy to announce the completion of its offering of 9,010,000 common shares, on a bought deal basis, for gross proceeds of approximately US$111 million (the “Offering”). This includes 500,000 common shares issued as a result of the partial exercise of the Underwriters’ (as defined below) over-allotment option (the “Common Shares”). The offering price was … Read more
Scion Capital, Burry’s hedge fund, revealed on Tuesday in a federal filing with the SEC that, as of the end of September, it had closed down “put” positions on the Nasdaq 100 index-tracking Invesco QQQ Trust (QQQ) and the SPDR S&P 500 ETF (SPY). As of the final trading day of the second quarter, such … Read more
The Bank of America Leveraged Finance Conference in Boca Raton, Florida, on November 28, 2023, will feature private investor meetings hosted by Tim Boswell, President and Chief Financial Officer, and Matt Jacobsen, Senior Vice President of Finance. WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC), the leader in creative temporary space solutions in North America, announced … Read more
