International Media Acquisition Corp. Announces Closing of $200 Million Initial Public Offering

PR Newswire

NEW YORK, Aug. 2, 2021 /PRNewswire/ — International Media Acquisition Corp. (Nasdaq: IMAQU) (the “Company” or “IMAC”) today announced the closing of its initial public offering of 20,000,000 units.  The units were sold at a price of $10.00 per unit, resulting in total gross proceeds of $200,000,000, prior to deducting underwriting discounts, commissions, and other offering expenses.  Each unit consists of one share of common stock, one right to receive one-twentieth (1/20) of a share of common stock upon the consummation of an initial business combination, and one redeemable warrant to purchase three-fourths (3/4) of a share of common stock at a price of $11.50 per whole share.

The units began trading on The Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “IMAQU” on July 29, 2021. Once the securities comprising the units begin separate trading, the shares of common stock, rights and warrants are expected to be listed on Nasdaq under the symbols “IMAQ,” “IMAQR” and “IMAQW,” respectively.

The underwriters have been granted a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

Chardan acted as sole book-running manager in the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on July 28, 2021. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Chardan, 17 State Street, 21st Floor, New York, New York 10004, or by calling (646) 465-9001. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or 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 International Media Acquisition Corp.

IMAC is led by founder Shibasish Sarkar (CEO). IMAC is a blank check company formed for the purpose of effecting a business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region its target operates in, IMAC intends to pursue prospective targets in North America, Europe and Asia (excluding China) in the media and entertainment industry.


Cautionary Note Concerning Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

IMAC Contact:

Fatema Nagree
International Media Acquisition Corp.
+91 9867661126
[email protected]

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SOURCE International Media Acquisition Corp.

Paltalk, Inc. Announces Pricing of $3.5 Million Underwritten Public Offering and Uplisting to Nasdaq

JERICHO, NY, Aug. 02, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Paltalk, Inc., (“Paltalk,” the “Company,” “we,” “our” or “us”) (OTCQB: PALT), a leading communications software innovator that powers multimedia social applications, today announced the pricing of its underwritten public offering of 1,159,400 shares of common stock at a price to the public of $3.00 per share. The shares of common stock are expected to begin trading on The Nasdaq Capital Market, on August 3, 2021, under the symbol “PALT”.  Paltalk expects to receive gross proceeds of approximately $3.5 million, before deducting underwriting discounts and commissions and other estimated offering expenses. 

The Company has granted the underwriter a 45-day option to purchase an additional 173,910 shares of common stock at the public offering price per share, less the underwriting discounts and commissions, to cover over-allotments, if any. The offering is expected to close on August 5, 2021, subject to satisfaction of customary closing conditions.

Maxim Group LLC is acting as sole book-running manager for the offering.

The offering is being conducted pursuant to the Company’s registration statement on Form S-1 (File No. 333-257036), as amended, and as previously filed with and subsequently declared effective by the Securities and Exchange Commission (“SEC”).  A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov.  Electronic copies of the final prospectus relating to this offering, when available, may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, at (212) 895-3745.  

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or 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 Paltalk, Inc.

Paltalk is a communications software innovator that powers multimedia social applications. Our product portfolio includes Paltalk and Camfrog, which together host one of the world’s largest collections of video-based communities. Our other products include Tinychat and Vumber. The Company has an over 20-year history of technology innovation and holds 18 patents. For more information, please visit: http://www.paltalk.com.

Forward Looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements in this press release include statements regarding the anticipated closing of the offering and the Company’s intended use of the net proceeds from the offering. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, market and other conditions and the satisfaction of customary closing conditions related to the offering; the Company’s ability to retain the listing of its common stock on The Nasdaq Capital Market; the impact of the COVID-19 pandemic on our results of operations and our business; our ability to effectively market and generate revenue from our applications; our ability to release new applications or improve upon or add features to existing applications on schedule or at all; risks and uncertainties related to our increasing focus on the use of new and novel technologies, such as Props tokens, to enhance our applications, and our ability to timely complete development of applications using new technologies; our ability to effectively integrate Props tokens into our existing applications; our ability to effectively secure new software development and licensing customers; our ability to protect our intellectual property rights; the use of the internet and privacy and protection of user data; risks related to our holdings of digital tokens, including risks related to the volatility of the trading price of digital tokens and our ability to convert digital tokens into fiat currency; and our ability to manage our partnerships and strategic alliances. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov.

All forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made, except to the extent required by applicable securities laws.

CONTACTS:

[email protected]

Stephanie Prince
PCG Advisory
[email protected]
646-863-6341



Itaú Unibanco Holding S.A. – Material Fact – Payment of Interest on Capital

PR Newswire

SÃO PAULO, Aug. 2, 2021 /PRNewswire/ — ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that its Board of Directors has approved as of today, August 2, 2021, the payment of interest on capital to stockholders in the amount of R$ 0.10384 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$ 0.088264 per share, except for the corporate stockholders who are able to prove that they are immune to or exempt from such withholding, with calculation based on the final stockholding position recorded on August 13, 2021, and shares traded “ex-rights” as from August 16, 2021.

Such payment will be made on August 26, 2021, as well as the payment of interest on capital already declared in 2021, under the terms specified below, resulting in the payment of the total amount of R$ 2,159 millions to be distributed net of taxes.


Date of declaration


Date of stockholding position


Net amount per share

03.16.2021

03.25.2021

R$ 0.043044

04.16.2021

04.27.2021

R$ 0.048008

05.13.2021

05.24.2021

R$ 0.041429

08.02.2021

08.13.2021

R$ 0.088264

TOTAL NET AMOUNT PER SHARE

R$ 0.220745

If you have any questions, please click on www.itau.com.br/relacoes-com-investidores as follows: Contact IR > IR Services.

São Paulo (State of São Paulo), August 2, 2021.


RENATO LULIA JACOB


Group Head of Investor Relations and Market Intelligence

Note: Interest on capital amounts are paid equally for common (ITUB3) and preferred (ITUB4) shares.

Contact:

Itaú Unibanco – Corporate Communication
(11) 5019-8880 / 8881 – [email protected]

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SOURCE Itaú Unibanco Holding S.A.

Itaú Unibanco Holding S.A. – Information on the 2021 2nd Quarter Result

PR Newswire

SÃO PAULO, Aug. 2, 2021 /PRNewswire/ — Itaú Unibanco Holding S.A. (“Company”) announces to its shareholders and the market at large that the Complete Financial Statements and the Management Discussion and Analysis for the 2nd quarter of 2021 ending June 30, 2021 are already available on the Investor Relations website (www.itau.com.br/investor-relations).

Conference calls on the result will be held on Tuesday, August 03 in Portuguese at 09:00 a.m. (EDT) and in English at 10:30 a.m. (EDT).

São Paulo – SP, August 02, 2021.


Renato Lulia Jacob

Group Head of Investor Relations and Market Intelligence

Contact:

Itaú Unibanco – Corporate Communication
(11) 5019-8880 / 8881 – [email protected]

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SOURCE Itaú Unibanco Holding S.A.

Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at July 31, 2021

HOUSTON, Aug. 02, 2021 (GLOBE NEWSWIRE) — Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of July 31, 2021.

As of July 31, 2021, the Fund’s net assets were $410 million and its net asset value per share was $8.69. As of July 31, 2021, the Fund’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 491% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 361%.

   
Kayne Anderson NextGen Energy & Infrastructure, Inc.
Statement of Assets and Liabilities
July 31, 2021
(Unaudited)
  (in millions)
Investments $ 564.8  
Cash and cash equivalents   1.6  
Accrued income   1.7  
Other assets   0.8  
Total assets   568.9  
   
Credit facility   31.0  
Notes   84.5  
Unamortized notes issuance costs   (0.3 )
Preferred stock   41.5  
Unamortized preferred stock issuance costs   (0.6 )
Total leverage   156.1  
   
Other liabilities   2.6  
   
Net assets $ 410.2  
   

The Fund had 47,197,462 common shares outstanding as of July 31, 2021.

As of July 31, 2021, equity and debt investments were 99% and 1%, respectively, of the Fund’s long-term investments of $565 million. Long-term investments were comprised of Midstream Company (36%), Renewable Infrastructure Company (22%) Utility Company (21%), Natural Gas & LNG Infrastructure Company (19%), Other Energy (1%) and Debt (1%).

The Fund’s ten largest holdings by issuer at July 31, 2021 were:      

    Amount
(in millions)
  Percent of
Long-Term
Investments1
1. Enterprise Products Partners L.P. (Midstream Company) $36.7   6.5 %
2. Targa Resources Corp. (Midstream Company) 33.5   5.9 %
3. The Williams Companies, Inc. (Natural Gas & LNG Infrastructure Company) 27.6   4.9 %
4. Energy Transfer LP (Midstream Company) 25.9   4.6 %
5. MPLX LP (Midstream Company) 25.3   4.5 %
6. Cheniere Energy, Inc. (Natural Gas & LNG Infrastructure Company) 24.9   4.4 %
7. Brookfield Renewable Partners L.P. ** (Renewable Infrastructure Company) 24.8   4.4 %
8. TC Energy Corporation (Natural Gas & LNG Infrastructure Company) 21.4   3.8 %
9. Atlantica Sustainable Infrastructure plc (Renewable Infrastructure Company) 19.8   3.5 %
10. NextEra Energy Partners, LP (Renewable Infrastructure Company) 18.9   3.3 %

___________________________
* Excludes cash.
** Includes ownership of Brookfield Renewable Partners, L.P (“BEP”) and Brookfield Renewable Corporation (“BEPC”).

Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Fund’s most recent quarterly or annual report.

Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Fund’s investment objective is to provide a high level of total return with an emphasis on making cash distributions to its stockholders. The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities of Energy Companies and Infrastructure Companies. The Fund anticipates that the majority of its investments will consist of investments in ”NextGen” companies, which we define as Energy Companies and Infrastructure Companies that are meaningfully participating in, or benefitting from, the Energy Transition. See Glossary of Key Terms in the Fund’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or take into account the specific objectives or circumstances of any investor. Please consult with your investment, tax, or legal adviser regarding your individual circumstances prior to investing.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Fund’s filings with the SEC, available at

www.kaynefunds.com

or

www.sec.gov

. Actual events could differ materially from these statements or from our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained.

Contact: Investor Relations at (877) 657-3863 or [email protected]



Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at July 31, 2021

HOUSTON, Aug. 02, 2021 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of July 31, 2021.

As of July 31, 2021, the Company’s net assets were $1.1 billion, and its net asset value per share was $8.95. As of July 31, 2021, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 454% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 351%.

Kayne Anderson Energy Infrastructure Fund, Inc.
Statement of Assets and Liabilities
July 31, 2021
(Unaudited)
  (in millions)
Investments $ 1,559.3  
Cash and cash equivalents   2.0  
Accrued income   9.2  
Current tax receivable, net   71.9  
Other assets   1.1  
Total assets   1,643.5  
   
Credit facility   139.0  
Notes   209.7  
Unamortized notes issuance costs   (1.0 )
Preferred stock   101.7  
Unamortized preferred stock issuance costs   (1.3 )
Total leverage   448.1  
   
Other liabilities   5.9  
Deferred tax liability, net   58.3  
Total liabilities   64.2  
   
Net assets $ 1,131.2  
   

The Company had 126,447,554 common shares outstanding as of July 31, 2021.

Long-term investments were comprised of Midstream Energy Company (83%), Utility Company (9%) and Renewable Infrastructure Company (8%).

The Company’s ten largest holdings by issuer at July 31, 2021 were:

    Amount
(in millions)
  Percent of
Long-Term
Investments1
1. MPLX LP (Midstream Energy Company) $206.6   13.3 %
2. Enterprise Products Partners L.P. (Midstream Energy Company) 176.3   11.3 %
3. Energy Transfer LP (Midstream Energy Company) 145.7   9.3 %
4. Targa Resources Corp. (Midstream Energy Company) 110.1   7.1 %
5. The Williams Companies, Inc. (Midstream Energy Company) 96.4   6.2 %
6. Plains All American Pipeline, L.P. ** (Midstream Energy Company) 89.0   5.7 %
7. Western Midstream Partners, LP (Midstream Energy Company) 74.7   4.8 %
8. Magellan Midstream Partners, L.P. (Midstream Energy Company) 55.3   3.5 %
9. ONEOK, Inc. (Midstream Energy Company) 55.0   3.5 %
10. TC Energy Corporation (Midstream Energy Company) 46.0   3.0 %

___________________________
* Excludes cash.
** Includes ownership of Plains All American Pipeline, L.P. (“PAA”) and Plains AAP, L.P. (“PAGP-AAP”).

Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or take into account the specific objectives or circumstances of any investor. Please consult with your investment, tax, or legal adviser regarding your individual circumstances prior to investing.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at

www.kaynefunds.com

or

www.sec.gov

. Actual events could differ materially from these statements or from our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

Contact: Investor Relations at (877) 657-3863 or [email protected]



Gina Hoagland Recognized as One of the 2021 Directors to Watch

ST. LOUIS, Aug. 02, 2021 (GLOBE NEWSWIRE) — Huttig Building Products, Inc. (“Huttig”) (NASDAQ: HBP), a leading domestic distributor of millwork, building materials, and wood products, announced today that one of Huttig’s board members was recognized for her role in corporate governance.

Gina Hoagland, a member of Huttig Building Products’ Board of Directors, was recognized as a 2021 Director to Watch by Directors & Boards, a publication focused on corporate governance. Directors to Watch was first launched in 2006 and annually features leading women directors who make an impact on public company boards.

“We’re honored to have Gina Hoagland on our board of directors and applaud her for this well-deserved recognition from Directors & Boards,” Jon Vrabely, President & Chief Executive Officer, said.

Gina chairs the Nominating & Governance Committee for Huttig and serves on the Audit Committee and the Management, Organizational & Compensation Committee. With a wealth of experience in building materials distribution and financial services, Gina brings a unique perspective to the table. Prior to joining Huttig’s Board of Directors, she chaired or served as lead director for numerous privately-held and family-owned businesses that span manufacturing, distribution and services.

For the past 27 years, Gina has been with Collaborative Strategies, Inc., a St. Louis-based strategic planning firm that she co-owns, currently serving as its Chair & CEO. She has directed strategy, succession, talent and board development for a diverse client base. Gina is also an entrepreneur and the former owner of a wine distribution business she bought, grew and sold to a strategic buyer.

She graduated cum laude from Georgetown University with a dual major in Economics and Government and holds an MBA from the Darden School at the University of Virginia. Gina is also a member of NACD (National Association of Corporate Directors) and WCD (Women Corporate Directors.)

About Huttig

Huttig, currently in its 137th year of business, is one of the largest domestic distributors of millwork, building materials and wood products used principally in new residential construction and in-home improvement, remodeling and repair work. Huttig distributes its products through 25 distribution centers serving 41 states. Huttig’s wholesale distribution centers sell principally to building materials dealers, national buying groups, home centers and industrial users, including makers of manufactured homes.

For more information, contact:

[email protected]



ON Semiconductor to Host Financial Analyst Day

ON Semiconductor to Host Financial Analyst Day

ON Semiconductor leadership to provide details on the company’s strategy, direction, and financial outlook

PHOENIX–(BUSINESS WIRE)–
ON Semiconductor (NASDAQ: ON), will host its Financial Analyst on Aug. 5, 2021, in New York City. The event will feature presentations on the company’s strategy, technology, and financial outlook.

ON Semiconductor will provide a real-time webcast of the event on Aug. 5, 2021 on Investors page of its website at http://www.onsemi.com. The webcast will begin at 2 PM ET.

Institutional investors who have not registered for the event are requested to send an e-mail to [email protected] for an invitation to the event.

The webcast replay will be available at this site following the live broadcast and will continue to be available for approximately 30 days following the presentation. A copy of the presentation materials will be posted to Investors page of http://www.onsemi.com prior to start of the event.

About ON Semiconductor

ON Semiconductor (Nasdaq: ON) is driving energy efficient electronics innovations that help make the world greener, safer, inclusive and connected. The company has transformed into our customers’ supplier of choice for power, analog, sensor and connectivity solutions. The company’s superior products help engineers solve their most unique design challenges in automotive, industrial, cloud power, and Internet of Things (IoT) applications. For more information, visit http://www.onsemi.com.

Follow @onsemi on Twitter: https://twitter.com/onsemi

ON Semiconductor and the ON Semiconductor logo are registered trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the company references its website in this news release, information on the website is not to be incorporated herein.

Sarah Rockey

Corporate Communications / Media Relations

ON Semiconductor

(602) 244-5910

[email protected]

Parag Agarwal

Vice President Investor Relations and Corporate Development

ON Semiconductor

(602) 244-3437

[email protected]

KEYWORDS: United States North America Arizona

INDUSTRY KEYWORDS: Internet Finance Hardware Engineering Professional Services Technology Semiconductor Manufacturing

MEDIA:

Logo
Logo

EZCORP, Inc. to Release Third Quarter Fiscal 2021 Results After Market Close on Wednesday, August 4, 2021

EZCORP, Inc. to Release Third Quarter Fiscal 2021 Results After Market Close on Wednesday, August 4, 2021

AUSTIN, Texas–(BUSINESS WIRE)–
EZCORP, Inc. (NASDAQ: EZPW) will issue third quarter fiscal 2021 financial results (period ended June 30, 2021) on Wednesday, August 4, 2021 after the market close. The Company will host a webcast and conference call at 7:00 a.m. Central Time on Thursday, August 5, 2021 to discuss its results. The presentation slides will be posted to the Investor Relations section of our website after the market close on Wednesday, August 4, 2021.

The webcast can be accessed by the public through this link: http://investors.ezcorp.com.

The Company encourages use of the webcast due to potential extended wait times to access the conference call. Analysts and institutional investors may participate on the conference call by dialing (866) 269-4262, Conference ID: 8885759, or internationally by dialing (323) 347-3281.

A replay of the conference call will be available online at: http://investors.ezcorp.com shortly after the live call concludes.

ABOUT EZCORP

Formed in 1989, EZCORP has grown into a leading provider of pawn transactions in the United States and Latin America. We also sell merchandise, primarily collateral forfeited from pawn operations and pre-owned merchandise purchased from customers. We are dedicated to satisfying the short-term cash needs of consumers who are both cash and credit constrained, focusing on an industry-leading customer experience. EZCORP is traded on NASDAQ under the symbol EZPW and is a member of the Russell 2000 Index, S&P 1000 Index and Nasdaq Composite Index.

Email: [email protected]

Phone: (512) 314-2220

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Retail Specialty Other Retail

MEDIA:

Houlihan Lokey to Commence a Tender Offer to Acquire GCA Corporation

Houlihan Lokey to Commence a Tender Offer to Acquire GCA Corporation

Transaction Valued at approximately $591 million

NEW YORK–(BUSINESS WIRE)–
Houlihan Lokey (NYSE:HLI), the global investment bank, and GCA Corporation (“GCA”) (TSE:2174), today announced that they have entered into a definitive agreement, dated as of August 3, 2021 (local time in Tokyo), under which Houlihan Lokey will commence a tender offer to acquire GCA for a total cash purchase price of approximately ¥65 billion, or approximately $591 million, based on an assumed exchange rate of ¥110 per $1.

Under the terms of the agreement, which has been unanimously approved by the Houlihan Lokey Board of Directors and the GCA Board of Directors, Houlihan Lokey will commence a tender offer in Tokyo on August 4, 2021 to acquire all outstanding shares of GCA for ¥1,380 ($12.55) per share in cash, in addition to all stock options of GCA (priced to net out applicable exercise prices). The purchase price represents a 31.3% premium to the closing stock price on August 2, 2021 of ¥1,051 per share and a 40.3% premium to the three-month simple average price.

“The acquisition of GCA will create one of the largest technology advisors in the world, one that more closely matches the size and importance of this sector in today’s global economy. In addition, this combination would significantly expand our presence in Europe and Asia and establish Houlihan Lokey as one of the most geographically diversified investment banking firms among our peer group,” said Scott Beiser, CEO of Houlihan Lokey. “GCA’s corporate culture, business philosophy, and client focus, all closely resemble Houlihan Lokey’s, and we believe our combined organizations will enable us to more effectively serve our clients and position our firm for the future as we continue to grow our suite of products and services around the world.”

“The opportunity to become part of Houlihan Lokey is a hugely exciting step for GCA and a major milestone on our strong growth journey. The two firms combined will form one of the largest independent global M&A advisory firms, and the scale of our global platform will create fantastic opportunities both for our clients and our teams. We feel that GCA and Houlihan Lokey complement each other perfectly in terms of our culture/philosophy of ‘For Clients’ Best Interest’ and our sector and geographic coverage,” said Aki Watanabe, founder and Representative Director of GCA Corporation.

The closing of the tender offer is subject to receiving certain regulatory approvals, and the tender to Houlihan Lokey of shares representing at least two-thirds of GCA’s fully diluted outstanding common stock. The tender offer is expected to close on October 4, 2021. Following the successful completion of the tender offer, it is expected that Houlihan Lokey will acquire all shares not tendered through a second-step at the same price. The transaction is expected to be financed with cash on Houlihan Lokey’s balance sheet.

Upon the completion of the transaction including the second-step, GCA will become a privately held company and shares of TSE:2174 common stock will no longer be listed on any public market.

A brief summary of GCA, the transaction and transaction rationale is included in a presentation on the Houlihan Lokey Investor Relations Website and can be accessed through this link here.

Houlihan Lokey retained Daiwa Securities Co., Ltd. as its financial advisor and tender offer agent for the transaction and Latham & Watkins LLP as its legal advisor. GCA retained Mitsubishi UFJ Morgan Stanley Securities and Plutus Consulting as its financial advisors for the transaction and Morrison & Foerster as its legal advisor.

Investor Conference Call and Webcast

Houlihan Lokey will host its previously scheduled conference call and live webcast at 8:00 a.m. Eastern Time on Tuesday, August 3, 2021, to discuss its first quarter fiscal 2022 results. During the call, the Company will also be providing comments related to the GCA transaction. The number to call is 1-855-327-6837 (domestic) or 1-631-891-4304 (international). A live webcast will be available in the Investor Relations section of the Company’s website. A replay of the conference call will be available from August 3, 2021 through August 10, 2021, by dialing 1-844-512-2921 (domestic) or 1-412-317-6671 (international) and entering the passcode 10015775#. A replay of the webcast will be archived and available on the Company’s website.

About Houlihan Lokey

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past six consecutive years in the U.S., the No. 1 global restructuring advisor for the past seven consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.

About GCA Corporation

GCA Corporation (TSE:2174) is a global investment bank that provides strategic M&A and capital markets advisoryservices to growth companies and market leaders. The firm offers worldwide coverage withover 500 professionals in 24 offices across America, Japan/Asia, and Europe. Built by the peoplethat run the business, GCA is a firm of experts who focus on deals that require commitment,original perspective, skill, and exceptional networks.

Important Information

The tender offer for the outstanding shares of GCA common stock and outstanding stock options has not yet commenced. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of GCA common stock or stock options. The solicitation and offer to buy shares of GCA common stock and stock options will only be made pursuant to the tender offer materials that Houlihan Lokey intends to file in accordance with applicable Japanese law.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,” and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors (including the significant effect that the COVID-19 pandemic has had on our business and is expected to continue to have on our business), which are, in some cases, beyond Houlihan Lokey’s control and could materially affect actual results, performance, or achievements. For a further description of such factors, you should read Houlihan Lokey’s filings with the Securities and Exchange Commission. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in our forward-looking statements may not be achieved or occur, and actual results could differ materially from those projected in the forward-looking statements. Houlihan Lokey does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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INDUSTRY KEYWORDS: Banking Professional Services Finance

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