Latest news with #commonstock
Yahoo
6 hours ago
- Business
- Yahoo
LiveOne (Nasdaq: LVO) Announces Proposed Public Offering of Common Stock
LOS ANGELES, July 15, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, today announced that it is commencing an underwritten public offering of shares of its common stock (or common stock equivalents). The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Lucid Capital Markets is acting as the sole book-running manager for the offering. The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-284916) filed with the U.S. Securities and Exchange Commission (the 'SEC') on February 13, 2025, and declared effective by the SEC on February 26, 2025. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering, when available, may also be obtained by contacting Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor, New York, NY 10022. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About LiveOne Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne, a dedicated over-the-top application powered by Slacker, is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. For more information, visit and follow us on Facebook, Instagram, TikTok, YouTube and X at @liveone. For more investor information, please visit Forward-Looking Statements All statements other than statements of historical facts contained in this press release are 'forward-looking statements,' which may often, but not always, be identified by the use of such words as 'may,' 'might,' 'will,' 'will likely result,' 'would,' 'should,' 'estimate,' 'plan,' 'project,' 'forecast,' 'intend,' 'expect,' 'anticipate,' 'could,' 'believe,' 'seek,' 'continue,' 'contemplate,' 'predict,' 'potential,' 'target' or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne's reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne's ability to consummate any proposed financing (including the public offering announced in this press release), acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event (including the public offering announced in this press release) would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne's ability to continue as a going concern; LiveOne's ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne's intent to repurchase shares of its and/or PodcastOne's common stock from time to time under LiveOne's announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne's ability to maintain compliance with certain financial and other debt covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; LiveOne's ability to repay its indebtedness when due; LiveOne's ability to satisfy the conditions for closing on its announced additional convertible debentures financing; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne's ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne's Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the 'SEC') on July 1, 2024, Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, filed with SEC on February 14, 2025, and in LiveOne's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. LiveOne Press Contact press@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
a day ago
- Business
- Globe and Mail
Citigroup Declares Common Stock Dividend
The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup's common stock of $0.60 per share, payable on August 22, 2025, to stockholders of record on August 4, 2025. The Board of Directors of Citigroup Inc. also declared dividends on Citigroup's preferred stock as follows: – 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T, payable August 15, 2025, to holders of record on August 5, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $31.25 for each receipt held. – 4.000% Fixed Rate Reset Noncumulative Preferred Stock, Series W, payable September 10, 2025, to holders of record on August 29, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $10.00 for each receipt held. – 3.875% Fixed Rate Reset Noncumulative Preferred Stock, Series X, payable August 18, 2025, to holders of record on August 8, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $9.6875 for each receipt held. – 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y, payable August 15, 2025, to holders of record on August 5, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $10.375 for each receipt held. – 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z, payable August 15, 2025, to holders of record on August 5, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $18.4375 for each receipt held. – 7.625% Fixed Rate Reset Noncumulative Preferred Stock, Series AA, payable August 15, 2025, to holders of record on August 5, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $19.0625 for each receipt held. – 7.200% Fixed Rate Reset Noncumulative Preferred Stock, Series BB, payable August 15, 2025, to holders of record on August 5, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $18.00 for each receipt held. – 7.125% Fixed Rate Reset Noncumulative Preferred Stock, Series CC, payable August 15, 2025, to holders of record on August 5, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $17.8125 for each receipt held. – 7.000% Fixed Rate Reset Noncumulative Preferred Stock, Series DD, payable August 15, 2025, to holders of record on August 5, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $17.50 for each receipt held. – 6.750% Fixed Rate Reset Noncumulative Preferred Stock, Series EE, payable August 15, 2025, to holders of record on August 5, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $16.875 for each receipt held. – 6.950% Fixed Rate Reset Noncumulative Preferred Stock, Series FF, payable August 15, 2025, to holders of record on August 5, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $17.375 for each receipt held. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Yahoo
10-06-2025
- Business
- Yahoo
Ategrity Specialty Insurance Company Holdings Announces Pricing of Initial Public Offering
NEW YORK, June 10, 2025--(BUSINESS WIRE)--Ategrity Specialty Insurance Company Holdings, formerly known as Ategrity Specialty Holdings LLC (the "Company", "Ategrity Specialty", "we" or "our") announced today the pricing of its initial public offering of 6,666,667 shares of common stock at a public offering price of $17.00 per share. The aggregate gross proceeds to the Company from the offering are expected to be $113.3 million before deducting underwriting discounts and commissions and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,000,000 shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on June 11, 2025 under the symbol "ASIC." The offering is expected to close on Thursday, June 12, 2025, subject to the satisfaction of customary closing conditions. The principal purposes of this offering are to increase the Company's capitalization and financial flexibility and to create a public market for its common stock. The Company intends to use the net proceeds received from this offering to grow its business and for other general corporate purposes. The Company initially intends to invest such net proceeds in fixed income securities. J.P. Morgan and Barclays are acting as joint lead bookrunning managers of the offering and as representatives of the underwriters. Citigroup, TD Securities, and Wells Fargo Securities are acting as joint bookrunning managers. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@ and postsalemanualrequests@ or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at barclaysprospectus@ A registration statement relating to the offering has been filed with the SEC, and became effective on June 10, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Ategrity Specialty Ategrity Specialty is a profitable and growing specialty insurance company dedicated to providing excess and surplus products to small to medium-sized businesses across the United States. We have built a proprietary underwriting platform that combines sophisticated data analytics with automated and streamlined processes to efficiently serve our clients and deliver long-term value to our stockholders. The small to medium-sized businesses market is characterized by large volumes of small-sized policies, and we believe our competitive edge lies in our ability to offer consistent, high-speed, and low-touch interactions that our distribution partners value. This advantage stems from our technology-driven method of standardizing, simplifying, and automating our transaction process, which we call productionized underwriting. Forward-Looking Statements This release contains forward-looking statements, including those relating to the expected closing date of the initial public offering and the date the shares are expected to begin trading on the New York Stock Exchange. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's registration statement on Form S-1, including under the caption "Risk factors". Any forward-looking statement in this release speaks only as of the date of this release. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances or to reflect new information or the occurrence of unanticipated events, except as required by law. View source version on Contacts Investor Relations Contact IR@ Sign in to access your portfolio
Associated Press
28-05-2025
- Business
- Associated Press
The ANB Corporation Announces Extension and Amendment of Tender Offer
TERRELL, Texas--(BUSINESS WIRE)--May 28, 2025-- The ANB Corporation (the 'Company') today announced that the expiration date of the previously announced tender offer for up to 2,000 shares of the Company's common stock has been: (1) extended until 9:00 a.m., Central Daylight Time, on June 5, 2025, unless the tender offer is further extended or earlier terminated, and (2) amended to increase the number of shares to be tendered from a maximum of 2,000 shares of the Company's common stock to a maximum of 3,000 shares of the Company's common stock. The tender offer was made by the Company pursuant to an Offer to Purchase, dated April 22, 2025, and the related Letter of Transmittal (together, the 'Tender Offer Materials'). The tender offer has been extended and the maximum amount of shares to be purchased by the Company has been increased in order to give all of the Company's shareholders who desire to participate in the tender offer the opportunity to do so. The tender offer was previously set to expire at 9:00 a.m., Central Daylight Time, May 22, 2025. Other than the extension of the expiration date and the amendment to increase the maximum amount of shares to be purchased by the Company to 3,000 shares, all substantive terms of the previously announced tender offer, as described in the Tender Offer Materials, remain unchanged. As of 9:00 a.m., Central Daylight Time, on May 22, 2025, an aggregate of approximately 7,275 shares of Company common stock had been tendered pursuant to the previously announced tender offer. The Company is making the tender offer only by, and pursuant to, the terms of the Tender Offer Materials (pursuant to which the expiration date of the tender offer has been extended until 9:00 a.m., Central Daylight Time, on June 5, 2025, and the maximum number of common shares to be repurchased is 3,000). The Company does not make any recommendations as to whether holders of common shares should tender or refrain from tendering their common shares. Holders must make their own decision as to whether to participate in the tender offer and, if so, the number of common shares to tender. About The ANB Corporation The ANB Corporation is privately owned and serves as the bank holding company for the American National Bank of Texas (ANBTX), a community bank with locations throughout North Texas, serving Collin, Dallas, Hunt, Johnson, Kaufman, Rockwall, Tarrant, and Van Zandt Counties. As a community bank, American National Bank of Texas offers traditional banking products and services to individuals, businesses and municipal governments, as well as individual and corporate trust, investment and estate planning services through their Wealth Management Group. ANBTX has consistently been ranked one of the Top Workplaces DFW by The Dallas Morning News. Visit American National Bank of Texas online at Member FDIC. Forward-Looking Statements This press release contains statements about future events that constitute forward-looking statements. Forward-looking statements may be identified by reference to time periods or by the use of the words 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'assume,' 'will,' 'should,' 'plan,' and other similar terms or expressions. Forward-looking statements should not be relied on because they involve known and unknown risks, uncertainties and other factors, some of which are beyond the control of The ANB Corporation. These risks, uncertainties and other factors may cause the actual results, performance and achievements of The ANB Corporation to be materially different from the anticipated future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statements contained in this press release, including statements related to the tender offer, are made as of the date of this press release, and we undertake no duty, and specifically disclaim any duty, to update or revise any such statements, whether as a result of new information, future events or otherwise, except as required by applicable law. View source version on Customer Service — 1-800-837-6584 KEYWORD: TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: The ANB Corporation Copyright Business Wire 2025. PUB: 05/28/2025 10:06 AM/DISC: 05/28/2025 10:05 AM
Yahoo
22-05-2025
- Business
- Yahoo
QXO Announces Launch of Concurrent Offerings of Common Stock and Depositary Shares
GREENWICH, Conn., May 20, 2025--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) ("QXO" or the "Company") announced today the launch of concurrent separate underwritten public offerings of (i) shares of its common stock ("Common Stock") and (ii) depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of new Series B Mandatory Convertible Preferred Stock ("Mandatory Convertible Preferred Stock") of the Company (together, the "Offerings"). The aggregate gross proceeds from the Offerings are expected to be $1.0 billion. In addition, QXO intends to grant (i) the underwriters of the Common Stock Offering an option to purchase additional shares of Common Stock and (ii) the underwriters of the Depositary Shares Offering an option to purchase additional Depositary Shares, solely to cover over-allotments, if any. If exercised in full, such options are expected to result in additional aggregate gross proceeds of $150 million. The Offerings are not contingent upon each other. QXO intends to use the net proceeds from the Offerings to repay indebtedness under the Company's senior secured term loan facility, which will strengthen the Company's position with respect to future acquisition opportunities. Holders of the Depositary Shares will be entitled to a proportional fractional interest in the rights and preferences of the Mandatory Convertible Preferred Stock, including conversion, dividend, liquidation and voting rights, subject to the provisions of a deposit agreement. The Mandatory Convertible Preferred Stock is expected to have a liquidation preference of $1,000 per share plus accumulated and unpaid dividends. Unless earlier converted, each outstanding share of Mandatory Convertible Preferred Stock will automatically convert, for settlement on or about May 15, 2028, into a variable number of shares of Common Stock based on the applicable conversion rate, and each Depositary Share will automatically convert into a number of shares of Common Stock equal to a proportionate fractional interest in such shares of Common Stock. The dividend rate, conversion terms and other terms of the Mandatory Convertible Preferred Stock will be determined at the time of pricing of the offering of the Depositary Shares. Currently, there is no public market for the Depositary Shares or the Mandatory Convertible Preferred Stock. QXO intends to apply to list the Depositary Shares on the New York Stock Exchange under the symbol " Goldman Sachs & Co. LLC and Morgan Stanley are acting as lead joint bookrunning managers for the Offerings. Each Offering is being made by means of a prospectus supplement under QXO's effective registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission (the "SEC"). This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. Each Offering may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus supplements and accompanying prospectuses related to the Offerings can be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526 or by email at prospectus-ny@ or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014. About QXO QXO is the largest publicly traded distributor of roofing, waterproofing and complementary building products in the United States. The company plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders. QXO is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets or goals and the use of proceeds of the Offerings, are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as "may," "will," "should," "expect," "opportunity," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "target," "goal," or "continue," or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Factors that could cause actual results to differ materially from those described herein include, among others: an inability to obtain the products we distribute resulting in lost revenues and reduced margins and damaging relationships with customers; a change in supplier pricing and demand adversely affecting our income and gross margins; a change in vendor rebates adversely affecting our income and gross margins; our inability to identify potential acquisition targets or successfully complete acquisitions on acceptable terms; risks related to maintaining our safety record; the possibility that building products distribution industry demand may soften or shift substantially due to cyclicality or dependence on general economic and political conditions, including inflation or deflation, interest rates, governmental subsidies or incentives, consumer confidence, labor and supply shortages, weather and commodity prices; the possibility that regional or global barriers to trade or a global trade war could increase the cost of products in the building products distribution industry, which could adversely impact the competitiveness of such products and the financial results of businesses in the industry; seasonality, weather-related conditions and natural disasters; risks related to the proper functioning of our information technology systems, including from cybersecurity threats; loss of key talent or our inability to attract and retain new qualified talent; risks related to work stoppages, union negotiations, labor disputes and other matters associated with our labor force or the labor force of our suppliers or customers; the risk that the anticipated benefits of our acquisition of Beacon Roofing Supply, Inc. (the "Beacon Acquisition") or any future acquisition may not be fully realized or may take longer to realize than expected; the effect of the Beacon Acquisition or any future acquisition on our business relationships with employees, customers or suppliers, operating results and business generally; unexpected costs, charges or expenses resulting from the Beacon Acquisition or any future acquisition or difficulties in integrating and operating acquired companies; the risk that the Company is or becomes highly dependent on the continued leadership of Brad Jacobs as chairman and chief executive officer and the possibility that the loss of Mr. Jacobs in these roles could have a material adverse effect on the Company's business, financial condition and results of operations; the possibility that the Company's outstanding warrants and preferred stock may or may not be converted or exercised, and the economic impact on the Company and the holders of common stock of the Company that may result from either such exercise or conversion, including dilution, or the continuance of the preferred stock remaining outstanding, and the impact its terms, including its dividend, may have on the Company and the common stock of the Company; challenges raising additional equity or debt capital from public or private markets to pursue the Company's business plan and the effects that raising such capital may have on the Company and its business; the possibility that new investors in any future financing transactions could gain rights, preferences and privileges senior to those of the Company's existing stockholders; risks associated with periodic litigation, regulatory proceedings and enforcement actions, which may adversely affect the Company's business and financial performance; the impact of legislative, regulatory, economic, competitive and technological changes; unknown liabilities and uncertainties regarding general economic, business, competitive, legal, regulatory, tax and geopolitical conditions; and other factors, including those set forth in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements should not be relied on as predictions of future events, and these statements are not guarantees of performance or results. Forward-looking statements herein speak only as of the date each statement is made. QXO does not undertake any obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law. View source version on Contacts Media Joe 203-609-9650 Investors Mark 203-321-3889 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
