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Common Stock

All articles tagged with #common stock

business2 years ago

"Nikola's Stock Plummets as Company Announces Common Stock and Convertible Senior Notes Offerings"

Nikola Corporation plans to offer $100 million of common stock and $200 million of Green Convertible Senior Notes due 2026 in separate public offerings. The underwriters may have the option to purchase additional shares or notes. The proceeds from the offerings will be used for working capital, general corporate purposes, and financing eligible green projects. The offerings are subject to market conditions and will be made in accordance with the guidelines of the Green Bond Principles.

via PR Newswire|
#business#common-stock#convertible-senior-notes
finance2 years ago

ARMOUR Residential REIT Implements Reverse Stock Split, Maintains Dividend Rate and Provides Q4 Dividend Guidance

ARMOUR Residential REIT, Inc. has announced a one-for-five reverse stock split, which will take effect on September 29, 2023. This means that every five shares of common stock will be converted into one share. The company's common stock dividends for September 2023 will remain stable at $0.08 per share. Additionally, the company has provided guidance on common stock dividends for the fourth quarter of 2023, with a rate of $0.40 per share expected. The reverse stock split is aimed at attracting a broader range of investors and increasing the per share stock price.

via Yahoo Finance|
#armour-residential-reit#common-stock#dividend-rate
finance2 years ago

Windtree Therapeutics' Stock Offering and Patent Win Drive Market Attention

Windtree Therapeutics has priced its underwritten public offering of 3,686,006 shares of common stock and warrants to purchase up to 3,686,006 shares of common stock at a combined public offering price of $2.93 per share of common stock and accompanying warrant, less the underwriting discounts and commissions. The gross proceeds from the offering to the company, before deducting underwriting discounts and commissions and other offering expenses and excluding any proceeds that may be received upon the exercise of the warrants and the exercise of the underwriter’s option to purchase additional shares of common stock and/or warrants, are expected to be approximately $10.8 million. The company intends to use up to $3.5 million of the net proceeds of the offering to extend enrollment and complete a Phase 2 clinical trial for istaroxime in cardiogenic shock, with the remainder of the net proceeds being used for working capital and other general corporate purposes.

via Yahoo Finance|
#cardiovascular-disorders#common-stock#finance
finance2 years ago

Meta Materials' Recovery Prospects Boosted by Underwritten Public Offering Pricing.

Meta Materials has priced an underwritten public offering of 83,333,334 shares of its common stock and warrants to purchase up to an aggregate of 83,333,334 shares of common stock at a combined public offering price of $0.30 per share and accompanying warrant. The gross proceeds of the offering are expected to be approximately $25 million before deducting the underwriting discount and estimated offering expenses payable by META, assuming no exercise of the underwriters' overallotment option. META intends to use the net proceeds from the offering for working capital and general corporate purposes.

via Yahoo Finance|
#common-stock#finance#meta-materials
finance2 years ago

Assessing First Republic Bank's Performance Amid Market Volatility (NYSE:FRC)

First Republic Bank has suspended payments on each of its seven series of preferred stock, making common stock a better option for investors. The implied yield of the preferred stock varies materially from one series to the next, and the decision to suspend payments was a measure of prudent oversight. While the advantages of preferred stock still apply, the downside potential for both common and preferred is probably identical or close to it. The common shares are a vastly superior option for investors who are comfortable with the risk.

via Seeking Alpha|
#common-stock#distributions#finance
finance2 years ago

Nikola's $100M Stock Offering Causes Share Price Drop.

Nikola Corporation has announced a public offering of up to $100 million of shares of its common stock, with Citigroup acting as the sole book-running manager. The underwriter has been granted a 30-day option to purchase up to an additional $15 million of shares of common stock at the public offering price. Concurrently, Nikola has entered into a forward stock purchase agreement with an investor to purchase up to $100 million of shares of common stock in a concurrent registered direct offering at the public offering price. The net proceeds will be used for working capital and other general corporate purposes.

via Yahoo Finance|
#citigroup#common-stock#finance
business2 years ago

Nikola's $100M Stock Offering Causes Share Price Drop.

Nikola Corporation has announced a public offering of up to $100 million of shares of its common stock, with Citigroup acting as the sole book-running manager. The company also entered into a forward stock purchase agreement with an investor for up to $100 million of shares of common stock in a concurrent registered direct offering. The net proceeds will be used for working capital and general corporate purposes. The public offering is not conditioned on the closing of the concurrent registered direct offering, and vice versa.

via Nikola Motor|
#business#citigroup#common-stock