Rights Offering

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Redknee Gets Approval for Rights Offering

TORONTO, July 25, 2017 /CNW/ – Redknee Solutions Inc. (“Redknee” or the “Company”) (RKN.TO) announces that it has received shareholder approval for its previously announced rights offering (the “Rights Offering”). The net proceeds of the Rights Offering will be used to fund a restructuring of the business in furtherance of the previously announced strategic plan (the “Strategic Plan”)….

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Vince Holding to Conduct Rights Offering.. Again

07/05/2017 NEW YORK–(BUSINESS WIRE)– Vince Holding Corp. (NYSE:VNCE), a leading global luxury apparel and accessories brand (“Vince” or the “Company”), today announced that it has filed a registration statement on Form S-3, including a preliminary prospectus, with the Securities and Exchange Commission (the “SEC”) for a proposed rights offering to existing stockholders (the “Rights Offering”). Under the proposed Rights…

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NexPoint Credit to Conduct Rights Offering

DALLAS, April 19, 2017 /PRNewswire/ — NexPoint Credit Strategies Fund (NHF) (the “Fund”) today announced the commencement of a non-transferable rights offering to purchase additional shares of common stock of the Fund (the “Offering”) as the Fund’s registration statement has been declared effective by the Securities and Exchange Commission. The Fund is issuing non-transferable rights (“Rights”)…

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Trinity Place Commences Rights Offering

Trinity Place Holdings Inc. (the “Company”) (TPHS) announced today that it has commenced its previously disclosed rights offering of up to 3,700,000 shares of its common stock. Under the terms of the rights offering, the Company will distribute 0.126093 non-transferable subscription rights to purchase shares of its common stock, for each share of its common…

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Icahn Enterprises to Conduct Rights Offering

Icahn Enterprises L.P. (IEP) (“Icahn Enterprises”) announced today that the board of directors of its general partner approved a rights offering to raise proceeds of approximately $600 million. The purposes of the rights offering are: (i) to enhance Icahn Enterprises’ depositary unit holder equity; (ii) to endeavor to improve Icahn Enterprises’ credit ratings; and (iii)…

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Cemtrex to Conduct Rights Offering

Cemtrex, Inc. has approved a non-transferable subscription rights offering. The offering will allow Cemtrex’s stockholders of record to purchase units, each consisting of one share of series 1 preferred stock, paying cumulative dividends at the rate of 10% of the purchase price per year, and two five-year series 1 warrants, upon the exercise of subscription…

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Overstock.com Rights Offering to Demo What?!

Overstock.com has approved a non-transferable rights offering. The offering will allow Overstock’s stockholders of record to purchase shares of its preferred stock, including preferred shares to be issued and traded exclusively on a registered alternative trading system using the t0 issuance and trading platform developed by Overstock’s majority-owned financial technology subsidiary t0. Overstock is planning the…

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Post-Reorg SIGA Commences Rights Offering

SIGA Technologies, Inc.  has commenced a rights offering for approximate gross proceeds of $35,000,000. As part of the Rights Offering, each stockholder of the Company is receiving one subscription right for each share of common stock owned as of the previously announced record date of October 12, 2016. Each subscription right will entitle its holder…

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Great Elm to Conduct Rights Offering

Great Elm Capital Group, Inc. (GEC), has filed a registration statement with the Securities and Exchange Commission for a proposed rights offering to holders of its common stock. If the rights offering is fully subscribed, Great Elm Capital Group expects $45 million of gross proceeds that will be used for general corporate purposes, which may…

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Par Pacific to Launch Rights Offering .. Again?

[I have always said: Avoid private equity-controlled publicly traded stocks.. ] Par Pacific Holdings, Inc. announced that it intends to launch a registered rights offering on or about August 26, 2016.  In the rights offering, each holder of the Company’s common stock as of the close of business on the record date of August 25,…

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Full House to Conduct Rights Offering

Full House Resorts, Inc. has filed a registration statement on Form S-3 with the Securities and Exchange Commission for a proposed $5,000,000 rights offering.  The company expects to distribute, at no charge, non-transferable subscription rights to purchase shares of our common stock, par value $0.0001 per share, for $1.30 per share.  The subscription rights will…

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Liberty to Issue Rights for Atlanta Braves ($520M)

Liberty Media Corporation (Nasdaq: LSXMA, LSXMB, LSXMK, BATRA, BATRK, LMCA, LMCK) (“Liberty”) announced today certain proposed terms for its previously announced distribution of subscription rights to holders of its Series A, Series B and Series C Liberty Braves common stock to acquire shares of its Series C Liberty Braves common stock (the “Series C Liberty Braves…

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Vince Holdings to Distribute Rights ($257M)

Vince Holding Corp. a leading contemporary fashion brand (“Vince” or the “Company”), today announced the subscription price for its previously announced non-transferable rights offering (the “Rights Offering”). Under the terms of the Rights Offering, Vince will distribute at no charge to the holders of its common stock on March 23, 2016 (the “Record Date”), non-transferable rights…

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Gilat to Conduct Rights Offering ($162M)

Gilat Satellite Networks Ltd.  a satellite networking technology, solutions and services company, announced today that it has commenced a rights offering for approximate gross proceeds of $35.3 million.  Gilat has granted, at no charge to the holders of record of its Ordinary Shares, par value NIS 0.20 per share, as of 5:00 p.m., New York…

Second Sight Files for Rights Offering

Second Sight Medical Products, Inc., a developer, manufacturer and marketer of implantable visual prosthetics to provide some useful vision to blind patients, today announced it filed a registration statement on Form S-1 with the Securities and Exchange Commission for a rights offering to its existing stockholders. Under the proposed rights offering, Second Sight would distribute…

ONE Group to Conduct Rights Offering

The ONE Group Hospitality, Inc. has approved a non-transferable rights offering which will allow its stockholders to acquire additional shares of common stock. The Company is planning to commence the rights offering in order to raise equity capital in a timely and cost-effective manner, while providing the Company’s stockholders the opportunity to participate. The Company plans…

Empire Resorts Commencement of Rights Offerings

Empire Resorts, Inc. commenced a rights offering for approximate gross proceeds of $290,000,000. Empire has granted, at no charge to the holders of record of its common stock and Series B Preferred Stock as of 5:00 p.m., New York City time, on January 4, 2016, the record date for the rights offering, one transferable subscription…

Perpetual Energy to Distribute Rights

Perpetual Energy Inc. herein announces that, further to its November 20, 2015 press release, it has filed a final short form prospectus dated December 7, 2015 with the securities regulatory authorities in each of the provinces and territories of Canada in connection with its previously announced rights offering to acquire common shares of the Company for gross proceeds…

MFP Bullish on S&W Rights Offering

.. umm, the last rights offering that I recall MFP backstopped (twice actually) was Cache which went to zero. S&W Seed Company closed a non-brokered private placement of its common stock with MFP Partners, L.P. for proceeds of approximately $4.9 million. The company issued 1,180,722 shares of its common stock at a purchase price of…

Liberty Media to Issue Tracking Stocks

(BTW, I have never understood how this perpetual financial engineering can create so much value but Liberty seems to keep doing it over and over again..  more intriguing to me is the fact that if tracking stocks do indeed unlock value then why don’t we see other firms replicate this strategy? Does Liberty own a…

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