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Financial Position

All articles tagged with #financial position

business2 years ago•6 min saved

Canopy Growth's $30 Million Private Placement Sparks Stock Slide

Canopy Growth Corporation has announced a private placement offering of 6,993,007 units at a price per unit of US$4.29, resulting in aggregate gross proceeds of approximately US$30,000,000. The purpose of the offering is to provide the company with additional liquidity to strengthen its financial position, pay down debt, and support working capital and general corporate purposes. Each unit consists of a common share and a series A or B common share purchase warrant. The closing of the private placement is expected to occur on or about January 10, 2024, subject to customary closing conditions. Canopy Growth is a leading North American cannabis and consumer packaged goods company with a commitment to social equity and responsible use.

via PR Newswire|

#business #cannabis-industry #canopy-growth

business2 years ago•1 min saved

Farfetch in Talks with Apollo Global for Potential Rescue Deal

Online luxury retailer Farfetch is reportedly in talks with Apollo Global Management to secure emergency funding in order to strengthen its financial position. The talks are part of Farfetch's efforts to secure new financing, with Apollo being one of several firms in discussion. It remains unclear whether the funding will be provided as debt or equity, or a combination of both. Farfetch's credit rating was recently downgraded by Moody's, and the company has been grappling with weakening demand in the US and China.

via Reuters|

#apollo-global-management #business #emergency-funding

technology2 years ago•2 min saved

"Elon Musk's Conflicting Views on Twitter's Value"

Elon Musk values Twitter at $20 billion, a significant drop from the $44 billion he paid to buy the social network in October. In an email to Twitter employees, Musk warned that the company remained in a precarious financial position and had been four months away from running out of money. He announced a new stock compensation program for employees, granting them stock in X Corporation, the holding company he used to buy Twitter, under the $20 billion valuation. Musk also said he believed Twitter could someday be worth $250 billion.

via The New York Times|

#elon-musk #financial-position #social-media

business2 years ago•0 min saved

Bed Bath & Beyond's Stock Plummets on Proposed Reverse Stock Split Plan.

Bed Bath & Beyond plans to hold a special meeting of shareholders to seek approval for a reverse stock split of the company's common stock at a ratio of 1-for-5 to 1-for-10, to be determined at the discretion of the Board of Directors. The move is aimed at rebuilding liquidity to execute the company's turnaround plans and better position it financially. BBBY shares are trading lower by 16.41% in premarket on the last check Monday.

via Benzinga|

#bbby #bed-bath-and-beyond #business

business2 years ago•1 min saved

Bed Bath & Beyond's Reverse Stock Split Plan Causes Share Drop.

Bed Bath & Beyond plans to seek shareholder approval for a reverse stock split at a ratio in the range of 1-for-5 to 1-for-10, with the final ratio to be decided by the board. The struggling retailer's shares dropped 13% in extended trading following the announcement. The move is intended to generate greater investor interest in the company and better position it financially as it fights to stave off bankruptcy.

via Reuters|

#bed-bath-and-beyond #business #financial-position