FTAI Investors Have Opportunity to Lead FTAI Aviation Ltd. Securities Fraud Lawsuit

PR Newswire


NEW YORK
, Feb. 7, 2025 /PRNewswire/ — 

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of FTAI Aviation Ltd. (NASDAQ: FTAI) between July 23, 2024, and January 15, 2025, both dates inclusive (the “Class Period”), of the important March 18, 2025 lead plaintiff deadline.

So what: If you purchased FTAI securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the FTAI class action, go to https://rosenlegal.com/submit-form/?case_id=33693 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 18, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, defendants, throughout the Class Period, failed to disclose to investors that: (1) the Company reported one-time engine sales as Maintenance Repair & Overhaul revenue when FTAI only performs limited repair and maintenance work on the engine assets sold; (2) FTAI presents whole engine sales as individual module sales, thereby overstating sales and demand; and (3) the Company depreciates engines that are not on lease, which misleadingly lowers the reported cost of goods sold and inflates EBITDA. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the FTAI class action, go to https://rosenlegal.com/submit-form/?case_id=33693 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

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SOURCE THE ROSEN LAW FIRM, P. A.

Primo Brands Corporation Announces Early Tender Results and Early Settlement Election of Exchange Offers for Outstanding Senior Notes and Execution of Supplemental Indentures to Existing Senior Notes Indentures

PR Newswire


TAMPA, Fla. and STAMFORD, Conn.
, Feb. 7, 2025 /PRNewswire/ – Primo Brands Corporation (NYSE: PRMB) (“Primo Brands” or the “Company”) announced today the early tender results of its previously announced separate private offers to exchange (collectively, the “Offers”) the three series of outstanding senior notes issued by either Primo Water Holdings Inc., an indirect, wholly owned subsidiary of Primo Brands (the “Primo Issuer”), or Triton Water Holdings, Inc., an indirect, wholly owned subsidiary of Primo Brands (the “BlueTriton Issuer” and, together with the Primo Issuer, the “Issuers”), for three new series of senior notes, to be co-issued by the Issuers, and cash. The Offers consist of the following: an offer to exchange any and all of the €450,000,000 in aggregate principal amount of outstanding 3.875% Senior Notes due 2028 (the “Existing Primo 2028 Notes”) issued by the Primo Issuer for a combination of new 3.875% Senior Secured Notes due 2028 (the “New Secured Euro Notes”), to be co-issued by the Issuers, and cash; an offer to exchange any and all of the $750,000,000 in aggregate principal amount of outstanding 4.375% Senior Notes due 2029 (the “Existing Primo 2029 Notes” and, together with the Existing Primo 2028 Notes, the “Existing Primo Notes”) issued by the Primo Issuer for a combination of new 4.375% Senior Secured Notes due 2029 (the “New Secured Dollar Notes” and, together with the New Secured Euro Notes, the “New Secured Notes”), to be co-issued by the Issuers, and cash; and an offer to exchange any and all of the $713,023,000 in aggregate principal amount of outstanding 6.250% Senior Notes due 2029 (the “Existing BlueTriton Notes” and, together with the Existing Primo Notes, the “Existing Notes”) issued by the BlueTriton Issuer for a combination of new 6.250% Senior Notes due 2029 (the “New Unsecured Notes” and, together with the New Secured Notes, the “New Notes”), to be co-issued by the Issuers, and cash.

As of 5:00 p.m., New York City time, on February 7, 2025 (the “Early Tender Date”), based on information provided by Global Bondholder Services Corporation, the exchange agent (in such capacity, the “Exchange Agent”) and information agent (in such capacity, the “Information Agent”) for the Offers, the following aggregate principal amount of each series of Existing Notes was validly tendered and not validly withdrawn (such notes, the “Tendered Notes”), and related Consents to the Proposed Amendments and Primo Guarantor Releases (each, as defined below) validly delivered and not validly withdrawn, at or prior to the Early Tender Date pursuant to the Offers:


Title of


Existing Notes Tendered


CUSIP


Numbers/Common Codes


Aggregate Principal Amount
of Existing Notes


Outstanding


Aggregate Principal
Amount of Existing
Notes Tendered


Percent Tendered of
 Aggregate Principal Amount
of Existing Notes Outstanding(1)

3.875% Senior Notes due 2028


Common Codes

Rule 144A: 224180543

Reg S:

224180446


ISINs

Rule 144A: XS2241805436

Reg S:

XS2241804462

€450,000,000

€439,237,000

97.61 %

4.375% Senior Notes due 2029


CUSIPs

Rule 144A: 74168LAA4

Reg S:

U74188AB6

$750,000,000

$746,331,000

99.51 %

6.250% Senior Notes due 2029


CUSIPs

Rule 144A:

89680E AA7

Reg S:

U8968L AA1

$713,023,000

$699,072,000

98.04 %

(1)   Also reflects the amount of Consents (as defined below) validly delivered and not validly withdrawn.

In conjunction with the Offers, the Issuers are also soliciting (collectively, the “Consent Solicitations”) consents (collectively, the “Consents”) from Eligible Holders (as defined below) of the Existing Notes to (i) certain proposed amendments (the “Proposed Amendments”) to eliminate substantially all of the restrictive covenants, certain of the default provisions, and certain other provisions contained in each indenture governing the applicable series of Existing Notes and (ii) with respect to each series of Existing Primo Notes, release the note guarantee of each guarantor of such series of Existing Primo Notes (the “Primo Guarantor Releases”).

The Offers and Consent Solicitations are being conducted upon the terms and subject to the conditions set forth in a confidential offering memorandum and consent solicitation statement, dated January 27, 2025 (the “Offering Memorandum”). The amount of Tendered Notes and related Consents is expected to result in the satisfaction of the conditions that (i) no less than $300.0 million aggregate principal amount of each tranche of New Notes (or the euro-equivalent, in the case of the New Secured Euro Notes) shall be issued in exchange for a tranche of Existing Notes validly tendered (and not validly withdrawn) and (ii) the requisite consents to the Proposed Amendments and the Primo Guarantor Releases have been obtained.

The Issuers also announced that they have elected to have an early settlement for the Tendered Notes accepted by the Issuers. Such early settlement is expected to occur on February 12, 2025 (the “Early Settlement Date”), subject to all the conditions to the applicable Offer having been satisfied or waived by the Issuers, including the condition that the Credit Facilities Transactions (as defined below) shall be consummated.

Substantially concurrently with the issuance of the New Notes on the Early Settlement Date, the Company expects to (i) repay any amounts outstanding, and terminate commitments, under the BlueTriton Issuer’s existing revolving credit facility, (ii) repay any amounts outstanding, and terminate commitments, under the Primo Issuer’s existing revolving credit facility, and (iii) enter into an amended credit agreement (the “Amended Credit Agreement”) providing for, among other things, * a repricing of the Company’s existing term loan facility and (y) a new revolving credit facility, which will provide for revolving loans, swing line loans, and letters of credit in an aggregate amount of up to $750.0 million and which will mature in February 2030 (the transactions referred to in clauses (i) through (iii), the “Credit Facilities Transactions,” and the Credit Facilities Transactions, together with the Offers and Consent Solicitations, collectively, the “Refinancing Transactions”). The Refinancing Transactions may not be consummated on the terms described in this press release or at all. The complete terms and conditions of the Refinancing Transactions are set forth in the Offering Memorandum.

The withdrawal deadline for the Offers and Consent Solicitations occurred at 5:00 p.m., New York City time, on February 7, 2025 (the “Withdrawal Deadline”). As a result, and because the Withdrawal Deadline is not being extended by the Issuers, the Tendered Notes and related consents may no longer be withdrawn, except in limited circumstances where additional withdrawal rights are required by law. Following the Withdrawal Deadline, the applicable Issuer, the guarantors of the Existing BlueTriton Notes, as applicable, and the applicable trustees under each indenture governing the applicable series of Existing Notes entered into supplemental indentures to give effect to the Proposed Amendments and the Primo Guarantor Releases. The Proposed Amendments and the Primo Guarantor Releases are expected to become operative upon the Early Settlement Date. As a result of the Proposed Amendments becoming operative on the Early Settlement Date, among other things, all of the shares of the Company’s Class B common stock, which are currently held by an affiliate of One Rock Capital Partners, LLC (“One Rock”), shall automatically convert into an equal number of shares of the Company’s Class A common stock and One Rock will no longer be subject to the limitation on voting no more than 49% of the shares of the Company’s Class A common stock outstanding, as described in the Company’s amended and restated certificate of incorporation.

Holders of Tendered Notes are eligible to receive (i) for each €1,000 in aggregate principal amount of Existing Primo 2028 Notes validly tendered for exchange, €1,000 in aggregate principal amount of New Secured Euro Notes and a cash payment of €2.50, (ii) for each $1,000 in aggregate principal amount of Existing Primo 2029 Notes validly tendered for exchange, $1,000 in aggregate principal amount of New Secured Dollar Notes and a cash payment of $2.50, and (iii) for each $1,000 in aggregate principal amount of Existing BlueTriton Notes validly tendered for exchange, $1,000 in aggregate principal amount of New Unsecured Notes and a cash payment of $2.50 (with respect to each series of Existing Notes, as applicable, the “Total Consideration”). In addition to the Total Consideration, the Issuers will pay in cash all of the accrued and unpaid interest on the Existing Notes accepted in the Offers from the applicable latest interest payment date for such series of Existing Notes to, but not including, the Early Settlement Date.

Eligible Holders of Existing Notes who validly tender their Existing Notes and deliver their related consents after the Early Tender Date, and at or prior to 5:00 p.m., New York City time, on February 25, 2025, unless extended by the Issuers (the “Expiration Date”), will be eligible to receive (i) for each €1,000 in aggregate principal amount of Existing Primo 2028 Notes validly tendered for exchange, €970 in aggregate principal amount of New Secured Euro Notes, (ii) for each $1,000 in aggregate principal amount of Existing Primo 2029 Notes validly tendered for exchange, $970 in aggregate principal amount of New Secured Dollar Notes, and (iii) for each $1,000 in aggregate principal amount of Existing BlueTriton Notes validly tendered for exchange, $970 in aggregate principal amount of New Unsecured Notes (with respect to each series of Existing Notes, as applicable, the “Exchange Consideration”). If, at or prior to the Expiration Date, all conditions to the applicable Offer have been or are concurrently satisfied or waived by the Issuers, the Issuers may accept for exchange all Existing Notes validly tendered in such Offers after the Early Tender Date and at or prior to the Expiration Date (the date of such exchange, the “Final Settlement Date”). The Final Settlement Date, if any, will be promptly after the Expiration Date and is currently expected to occur on February 28, 2025, the third business day immediately following the Expiration Date. In addition to the Exchange Consideration payable in exchange for Existing Notes validly tendered after the Early Tender Date and prior to the Expiration Date, the Issuers will pay in cash all of the accrued and unpaid interest on any Existing Notes accepted in the Offers from the applicable latest interest payment date for such series of Existing Notes to, but not including, the Final Settlement Date. Eligible Holders who receive New Notes in exchange for Existing Notes on the Final Settlement Date will receive New Notes that will, if the Early Settlement Date has occurred, have an embedded entitlement to pre-issuance interest for the period from, and including, the Early Settlement Date to, but not including, the Final Settlement Date. As a result, the cash payable for accrued and unpaid interest on the Existing Notes exchanged on the Final Settlement Date will be reduced by the amount of pre-issuance interest on the New Notes exchanged therefor.

The New Notes will be guaranteed by Primo Brands and substantially all of Primo Brands’ material, wholly owned domestic subsidiaries, subject to certain customary exceptions. In addition, the New Secured Notes will be secured on a first lien basis by substantially all of the assets of each of the Issuers and the New Notes Guarantors (as defined in the Offering Memorandum), as well as equity pledges on the stock or other equity interests of Primo Water Corporation and Primo Water Holdings UK Limited, subject to certain customary exceptions, which liens shall be pari passu with the liens securing the Amended Credit Agreement. The Existing Primo Notes are currently guaranteed only by the Existing Primo Notes Guarantors (as defined in the Offering Memorandum), and, following the Primo Guarantor Releases, are not expected to be guaranteed by any guarantors. The Existing BlueTriton Notes are guaranteed only by the Existing BlueTriton Notes Guarantors, and not by any of the Existing Primo Notes Guarantors. In addition, no series of the Existing Notes are secured by liens on any collateral.

The Company will not receive any cash proceeds from the issuance of the New Notes in connection with the Offers. The Existing Notes acquired in the Offers will be retired and cancelled. The Company intends to use cash on hand to pay (i) the cash component of any consideration payable, (ii) the accrued but unpaid interest on the Existing Notes exchanged in the Offers, and (iii) other related estimated fees and expenses in connection with the Refinancing Transactions.

The Issuers reserve the right to amend the terms of the Offers and Consent Solicitations, either as a whole or with respect to one or more series of the Existing Notes, without extending the Early Tender Date or the Withdrawal Deadline or otherwise reinstating withdrawal rights, subject to applicable law. The Offers and Consent Solicitations are subject to the satisfaction or waiver of certain conditions set forth in the Offering Memorandum. The Issuers reserve the right, subject to applicable law, to extend, amend, terminate, or withdraw the Offers and Consent Solicitations at any time. In the event an Offer is terminated, such Offer will not be consummated, the related Proposed Amendments and Primo Guarantor Releases, as applicable, will not become operative, tendering Eligible Holders will not receive any consideration, Existing Notes tendered pursuant to such Offer will be promptly returned to such Eligible Holders, and the related consents will be deemed void.

The Offers and Consent Solicitations are being made, and the New Notes are being offered and issued, pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), and the rules and regulations of the Securities and Exchange Commission (the “SEC”) promulgated thereunder, and are also not being registered under any state or foreign securities laws. The New Notes may not be offered or sold in the United States or to any U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Offers and Consent Solicitations will only be made, and the New Notes are only being offered and issued, to holders of Existing Notes who are (a) reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act, (b) institutional accredited investors, as defined in SEC Rule 501(a)(1), (2), (3) or (7), or (c) not “U.S. persons,” as defined in Rule 902 of Regulation S under the Securities Act (such holders, the “Eligible Holders”), and only Eligible Holders who have completed and returned the eligibility certification are authorized to receive or review this Offering Memorandum or to participate in the Offers and Consent Solicitations. The eligibility certification is available electronically at: https://gbsc-usa.com/eligibility/primo-triton.

None of the Company, the dealer managers and solicitation agents for the Offers and Consent Solicitations, the Exchange Agent, the Information Agent, any trustee or collateral agent for any series of Existing Notes or New Notes, or any affiliate of any of them makes any recommendation as to whether any Eligible Holder of Existing Notes should tender or refrain from tendering all or any portion of the principal amount of such Eligible Holder’s Existing Notes for New Notes in the Offers. No one has been authorized by any of them to make such a recommendation. Eligible Holders must make their own decision whether to tender Existing Notes in the Offers and, if so, the amount of such Existing Notes to tender.

Only Eligible Holders may receive a copy of the Offering Memorandum and participate in the Offers and Consent Solicitations. The Issuers have engaged Global Bondholder Services Corporation to act as Exchange Agent and Information Agent for the Offers. Questions concerning the Offers or the Consent Solicitations, or requests for additional copies of the Offering Memorandum or other related documents, may be directed to Corporate Actions by telephone at (855) 654-2015 (U.S. toll-free) or (212) 430-3774 (banks and brokers) or by email at [email protected]. Eligible Holders should also consult their broker, dealer, commercial bank, trust company or other institution for assistance concerning the Exchange Offer and the Consent Solicitation.

This communication is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security and does not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

About Primo Brands Corporation

Primo Brands is a leading North American branded beverage company with a focus on healthy hydration, delivering responsibly and domestically sourced diversified offerings across products, formats, channels, price points, and consumer occasions, distributed in every state and Canada. 

Primo Brands has an extensive portfolio of highly recognizable, responsibly sourced, and conveniently packaged branded beverages distributed across more than 200,000 retail outlets, including established billion-dollar brands, Poland Spring® and Pure Life®, premium brands like Saratoga® and Mountain Valley®, regional leaders such as Arrowhead®, Deer Park®, Ice Mountain®, Ozarka®, and  Zephyrhills®, purified brands including Primo Water® and Sparkletts®, and flavored and enhanced brands like Splash® and AC+ION®. These brands are sold directly across retail channels, including mass food, convenience, natural, drug, wholesale, distributors, and home improvement, as well as food service accounts in North America. 

Primo Brands also has extensive direct-to-consumer offerings with its industry-leading line-up of innovative water dispensers, which create consumer connectivity through recurring water purchases across its Water Direct, Water Exchange and Water Refill businesses. Through its Water Direct business, Primo Brands delivers hydration solutions direct to home and business consumers. Through its Water Exchange business, consumers can visit approximately 26,500 retail locations and purchase a pre-filled, multi-use bottle of water that can be exchanged after use for a discount on the next purchase. Through its Water Refill business, consumers have the option to refill empty multi-use bottles at approximately 23,500 self-service refill stations. Primo Brands also offers water filtration units for home and business consumers across North America.

Primo Brands is a leader in reusable and circular packaging, helping to reduce waste through its reusable, multi-serve bottles and innovative brand packaging portfolio, made from recycled plastic, aluminum, and glass. Primo Brands responsibly sources from numerous springs and manages water resources for long-term sustainability, helping to protect more than 28,000 acres of watershed and wetlands area owned by the Company for preservation and to promote continued consumer access clean, safe drinking water. The Company is proud to partner with the International Bottled Water Association (“IBWA”) in North America, which supports strict adherence to safety, quality, sanitation, and regulatory standards for the benefit of consumer protection. Primo Brands believes in fostering a respectful culture that values its associates and key stakeholders, and is deeply invested in quality hydration, its communities, and the sustainability of its packaging and water sources for generations to come. Primo Brands will continue Primo Water’s and BlueTriton’s strong support for American communities during natural disasters, in dealing with local and regional hydration quality issues, and in connection with many other local community challenges.

Primo Brands employs more than 13,000 associates with dual headquarters in Tampa, Florida, and Stamford, Connecticut, and has more than 70 production facilities and more than 240 depots for efficient delivery to customers and consumers across North America.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements involve inherent risks and uncertainties, and several important factors could cause actual results to differ materially from those contained in any such forward-looking statement. In some cases, forward-looking statements may be identified by words such as “may,” “will,” “would,” “should,” “could,” “expect,” “aim,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “predict,” “project,” “seek,” “potential,” “opportunities,” and other similar expressions and the negatives of such expressions. However, not all forward-looking statements contain these words. They also include statements regarding the Company’s intentions, beliefs, or current expectations concerning, among other things, the Offers and Consent Solicitations and the issuance of the New Notes, the Early Settlement Date, the terms of and consummation of the Credit Facilities Transactions, and other information that is not historical information. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements.

Although management believes that it has a reasonable basis for each forward-looking statement contained in this press release, you are cautioned that these statements are based on a combination of facts and factors currently known by the Company and its expectations of the future, about which it cannot be certain. Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: risks related to the New Notes; the ability of the Company to consummate the Offers and Consent Solicitations in a timely manner or at all; the Company’s ability to compete successfully in the markets in which it operates; fluctuations in commodity prices and the Company’s ability to pass on increased costs to its customers or hedge against such rising costs, and the impact of those increased prices on the Company’s volumes; the Company’s ability to maintain favorable arrangements and relationships with its suppliers; the Company’s ability to manage supply chain disruptions and cost increases related to inflation; the Company’s ability to manage its operations successfully; adverse changes in general economic conditions, including inflation and interest rates; any disruption to production at the Company’s manufacturing facilities; the Company’s ability to maintain access to its water sources; the impact of climate change on the Company’s business; the Company’s ability to protect its intellectual property; the seasonal nature of the Company’s business and the effect of adverse weather conditions; the impact of national, regional, and global events, including those of a political, economic, business, and competitive nature, such as the Russia/Ukraine war or the Israel/Hamas conflict; the impact of a pandemic, such as COVID-19, related government actions, and the Company’s strategy in response thereto on its business; difficulties with integrating the businesses of Primo Water Corporation (“Primo Water”) and Triton Water Parent, Inc. (“BlueTriton”) and in realizing the expected benefits of such combination of such businesses (the “Business Combination”); the unfavorable outcome of legal proceedings that may be instituted against the parties to the Business Combination in connection with such transaction; the inability to capture all or part of the expected benefits of the strategic opportunities the Company pursues, including those related to the Business Combination, potential synergies related thereto, and the ability to integrate Primo Water’s business and BlueTriton’s business successfully in the expected timeframe; potential liabilities that the Company may inherit and that are not known, probable, or estimable at this time; the inability to retain Primo Water or BlueTriton management, associates, or key personnel; the impact of future domestic and international industry trends on the Company and its future growth, business strategy, and objectives for future operations; the impact of the significant amount of the Company’s consolidated indebtedness, which could decrease business flexibility; the inability to refinance or restructure existing indebtedness obligations on favorable terms, or at all; the Company’s ability to meet its obligations under its debt agreements, and risks of further increases to the Company’s indebtedness; the Company’s ability to maintain compliance with the covenants and conditions under its debt agreements; impacts to the value of the collateral assets securing the Company’s indebtedness; fluctuations in interest rates, which could increase the Company’s borrowing costs; the possibility that claims, assessments, or liabilities were not discovered or identified in the course of performing due diligence investigations of the two businesses of Primo Water and BlueTriton; litigation and regulatory risks; and other factors discussed in more detail in the Offering Memorandum and our filings with the Securities and Exchange Commission.

As a result of these factors, the Company cannot assure you that the forward-looking statements in this press release will prove to be accurate. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete discussion of all potential risks or uncertainties that may substantially impact the Company’s business. Moreover, Primo Brands operates in a competitive and rapidly changing environment. New factors emerge from time to time and it is not possible to predict the impact of all of these factors on the Company’s business, financial condition, or results of operations.

Furthermore, if any forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by Primo Brands or any other person that the Company will achieve its objectives, plans, or cost savings in any specified time frame or at all. In addition, even if its results of operations, financial condition, and liquidity, and the development of the industry in which the Company operates, are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. The forward-looking statements contained in this press release are made only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.  

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SOURCE Primo Brands Corporation.

California American Water Completes $4.5M Los Angeles Water System Upgrades

California American Water Completes $4.5M Los Angeles Water System Upgrades

LOS ANGELES–(BUSINESS WIRE)–
California American Water is committed to providing customers with high-quality, reliable service. The company’s ongoing infrastructure investments improve reliability to help keep water service flowing for customers.

California American Water recently completed a $4.5 million water main replacement project in its Bellflower system, replacing 8,510 linear feet of aging 4 and 6-inch asbestos cement water main with new 8-inch ductile iron pipes, installing new service pipes for 170 customers, upgrading 13 fire hydrants, and replacing 39 gate valves. California American Water acquired the City of Bellflower’s municipal water system in 2022, and has since made several upgrades to the system, utilizing the company’s scale and expertise, to improve service to approximately 1,800 homes and businesses in the Bellflower system.

“The Bellflower water main project is part of California American Water’s multimillion-dollar initiative to renew water infrastructure that has reached the end of its useful life,” said Jessica, Taylor, Director of Operations, Southern Division, California American Water. “Our important work in the City of Bellflower makes our system more durable, less prone to corrosion, and less likely to burst – meaning fewer service disruptions and increased reliability for our customers for many years to come.”

Investing in water infrastructure is not just about safeguarding public health and the environment; it’s also about laying the groundwork for economic prosperity. California American Water recognizes that access to clean water is vital for businesses to thrive and communities to flourish.

About American Water

American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About California American Water

California American Water, a subsidiary of American Water (NYSE: AWK), provides high-quality and reliable water and wastewater services to approximately 700,000 people. For more information, visit www.californiaamwater.com and follow California American Water on LinkedIn, Facebook, X, and Instagram.

Media

Brian A. Barreto

External Affairs

Phone: 626-388-7484

Email: [email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Other Natural Resources Other Energy Utilities Environment Sustainability Natural Resources Energy

MEDIA:

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Evolus Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Evolus Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Evolus, Inc. (NASDAQ: EOLS), a performance beauty company with a focus on building an aesthetic portfolio of consumer brands, today reported the grant of non-qualified stock options to purchase an aggregate of 26,897 shares of Evolus and an aggregate of 99,826 restricted stock units (RSUs) of the company’s common stock to 34 newly hired non-executive employees of the company. The awards were approved by the compensation committee of the company’s board of directors under the Evolus’ 2023 Inducement Incentive Plan, with a grant and vesting commencement date of February 7, 2025, as an inducement material to the new employees entering into employment with Evolus in accordance with Nasdaq Listing Rule 5635(c)(4).

The stock options have an exercise price of $13.11 per share, the closing price of Evolus’ common stock the date of grant. The stock options have a 10-year term and vest over 4 years, with 25% of the number of shares subject to the option vesting on each annual anniversary of the vesting commencement date. The RSUs vest 25% on each annual anniversary of the vesting commencement date. The awards are subject to the terms and conditions of the 2023 Inducement Incentive Plan and the terms and conditions of the stock option agreement or RSU agreement, as applicable, covering the grant, including requirements to remain continuously employed on each vesting date.

About Evolus, Inc.

Evolus (NASDAQ: EOLS) is a global performance beauty company evolving the aesthetic neurotoxin market for the next generation of beauty consumers through its unique, customer-centric business model and innovative digital platform. Our mission is to become a global, multi-product aesthetics company based on our flagship product, Jeuveau® (prabotulinumtoxinA-xvfs), the first and only neurotoxin dedicated exclusively to aesthetics and manufactured in a state-of-the-art facility using Hi-Pure™ technology. Evolus is expanding its product portfolio having entered into a definitive agreement to be the exclusive U.S. distributor of Evolysse™, and the exclusive distributor in Europe of Estyme®, a line of unique injectable hyaluronic acid (HA) gels. These injectable HA gels are currently in the late stages of the regulatory approval process, with plans, upon approval, for a launch starting in 2025.

Visit us at www.evolus.com, and follow us on LinkedIn, X, Instagram or Facebook.

Jeuveau® and Nuceiva®, are registered trademarks and Evolysse is a trademark of Evolus, Inc.

Hi-Pure is a trademark of Daewoong Pharmaceutical Co, Ltd.

Estyme® is a trademark of Symatese Aesthetics S.A.S.

Evolus Contacts:

Investors:

Nareg Sagherian

Vice President, Head of Global Investor Relations and Corporate Communications

Tel: 248-202-9267

Email: [email protected]

Media:

Email: [email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Men General Health Luxury Pharmaceutical Consumer Medical Devices Cosmetics Retail Public Relations/Investor Relations Biotechnology Women Communications Health

MEDIA:

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Arlo Technologies Announces Inducement Awards Under NYSE Rule 303A.08

PR Newswire


SAN JOSE, Calif.
, Feb. 7, 2025 /PRNewswire/ — Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced that it had made equity grants to new employees under its 2018 Equity Incentive Plan (the “Plan”) in accordance with NYSE Rule 303A.08.

On February 7, 2025, Arlo’s Compensation and Human Capital Committee granted restricted stock units, or RSUs, to seventeen new non-executive employees covering an aggregate of 207,226 shares of the Company’s common stock as an inducement for such employees to join the Company.

The RSU’s granted to fifteen of the employees, covering an aggregate of 103,943 shares, vest annually in four equal annual installments. The remaining RSU grant, covering an aggregate of 103,283 shares, vests annually over five years, with 15% of the shares vesting on the first anniversary of the vesting date, 25% of the shares vesting on the second, third and fourth anniversaries of the vesting date and the remaining 10% of the shares vesting on the fifth anniversary of the vesting date. In all cases, the RSUs are contingent on each employee’s continued service with the Company at the applicable vesting date.

About Arlo Technologies, Inc.

Arlo is an award-winning, industry leader that is transforming the ways in which people can protect everything that matters to them with advanced home, business, and personal security solutions. Arlo’s deep expertise in AI- and CV-powered analytics, cloud services, user experience and product design, and innovative wireless and RF connectivity enables the delivery of a seamless, smart security experience for Arlo users that is easy to set up and interact with every day. Arlo’s cloud-based platform provides users with visibility, insight, and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. Arlo has recently launched several categories of award-winning connected devices, software, and services. These include wire-free, smart Wi-Fi and LTE-enabled security cameras, video doorbells, floodlights, security system, and Arlo’s subscription service, Arlo Secure. 

With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to implementing industry standards for data protection designed to keep users’ personal information private and in their control. Arlo provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/arlo-technologies-announces-inducement-awards-under-nyse-rule-303a08-302371642.html

SOURCE Arlo Technologies, Inc.

Matthews International Issues Statement Following ISS Report

PITTSBURGH, Feb. 07, 2025 (GLOBE NEWSWIRE) — Matthews International Corporation (Nasdaq GSM: MATW) (“Matthews” or the “Company”) issued the following statement regarding a February 6, 2025 report by Institutional Shareholder Services (“ISS”):

We strongly disagree with ISS’ recommendation, which adopts Barington’s positions while giving no substantive analysis to Barington’s own plans and nominees. In doing so, ISS does not give appropriate consideration to the concerning absence of relevant skills and new ideas among Barington’s nominees and the actions Matthews is taking to unlock the value of its businesses.

Notably, Barington’s “four-step plan” contains no ideas that would help shareholders, except those (like a strategic transaction of SGK) that have already been initiated by the Company. ISS’ report does not address whether Barington’s plans for the Company would be better for shareholders than the Board’s current strategy.

Additionally, we do not agree with the position that the “most important attribute” that Barington’s nominees have is their “independence.” In fact, they would bring to the Board a total lack of understanding about our business, no relevant skills, and track records of poor oversight. As a consultant to the Company, James Mitarotonda added no value, showed up to most meetings unprepared and made suggestions that either did not make sense or were already being executed. Barington’s other two nominees also showed no understanding of our Company in interviews with directors. Furthermore, Mr. Mitarotonda and his nominees have no experience relevant to the businesses in which we operate, and each have been criticized for questionable M&A oversight that was alleged to have destroyed shareholder value.

In contrast, under the current Board of Directors, the Company has taken significant actions to benefit all shareholders:

  • The Board has developed our Memorialization segment into a market-leading, cash-generating business—leading to significant capital return to shareholders and significant re-investment into our high-growth Industrial Technologies segment, such as our Dry Battery Electrode (DBE) technology. Following our recent victory against Tesla in arbitration, we intend to immediately resume marketing, selling and delivering our DBE solutions to other customers in the growing electric vehicle market, where battery and automobile equipment manufacturers from around the world seek to adopt our innovative solutions. We expect that this victory will eliminate an overhang on the stock that we believed was caused by this dispute.
  • The Board announced a strategic disposition of the SGK business following a process begun in 2019, well before Barington was even a shareholder. The SGK transaction provides for substantial upfront consideration of $350 million at closing, while still benefiting from synergy-driven value creation in the future. The favorable terms of the SGK transaction reflect the various strategic investments in technology and cost-savings initiatives executed by the leadership team over recent years.
  • The Board disclosed a comprehensive evaluation of strategic alternatives for all of the Company’s businesses, engaging J.P. Morgan’s expertise to facilitate this process. Matthews expects to announce several initiatives over the course of the 2025 fiscal year that we believe will help drive shareholder value.
  • Since 2020, we have welcomed three new independent directors and nominated a fourth new independent director for election at the 2025 annual meeting. The Board plans to continue to refresh in the coming year. As part of this commitment, Mr. Babe will not stand for re-election at the 2026 annual meeting, which is further evidence of Board change and refreshment. Matthews’ nominees bring the right set of skills and expertise to help the board drive long-term shareholder value.

On January 31, 2025, GAMCO Asset Management, one of Matthews’ top 5 shareholders with an approximate 4.38% stake, announced that it will support Matthews’ director nominees. In its press release, GAMCO stated: “After a thorough review, GAMCO believes that Matthews’ proposed slate of nominees is best positioned, at this time, to focus and execute on the Company’s efforts to surface underlying value for all shareholders.”

We have been in ongoing discussions with shareholders and value the feedback we have received. We look forward to continuing these conversations and are committed to doing what is in the best interest of all Matthews shareholders.

Your vote is important, and we ask that you vote “FOR” all three Matthews’ nominees on the WHITE proxy card and “WITHHOLD” on Barington’s Director Nominees.

J.P. Morgan Securities LLC is serving as financial advisor to Matthews. Sidley Austin LLP is serving as legal counsel to Matthews.

About Matthews International

Matthews International Corporation is a global provider of memorialization products, industrial technologies, and brand solutions. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets, cremation-related products, and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. The Industrial Technologies segment includes the design, manufacturing, service and sales of high-tech custom energy storage solutions; product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products; and coating and converting lines for the packaging, pharma, foil, décor and tissue industries. The SGK Brand Solutions segment is a leading provider of packaging solutions and brand experiences, helping companies simplify their marketing, amplify their brands and provide value. The Company has over 11,000 employees in more than 30 countries on six continents that are committed to delivering the highest quality products and services.

YOUR VOTE IS IMPORTANT!

Your vote is important, and we ask that you please vote “FOR” the election of our three nominees: Terry L. Dunlap, Alvaro Garcia-Tunon and J. Michael Nauman using the WHITE proxy card and “WITHHOLD” on Barington’s nominees.

Simply follow the easy instructions on the enclosed WHITE proxy card to vote by internet or by signing, dating and returning the WHITE proxy card in the postage-paid envelope provided. If you received this letter by email, you may also vote by pressing the WHITE “VOTE NOW” button in the accompanying email. The Board of Directors urges you to disregard any such materials and does not endorse any of Barington’s nominees. 

If you have any questions or require any assistance with voting your shares, please call the Company’s proxy solicitor at: 

(888) 755-7097 or email [email protected]

Additional Information

In connection with the Company’s 2025 Annual Meeting, the Company has filed with the U.S. Securities and Exchange Commission (“SEC”) and commenced mailing to the shareholders of record entitled to vote at the 2025 Annual Meeting a definitive proxy statement and other documents, including a WHITE proxy card. SHAREHOLDERS ARE ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY THE COMPANY AND ALL OTHER RELEVANT DOCUMENTS WHEN FILED WITH THE SEC AND WHEN THEY BECOME AVAILABLE BECAUSE THOSE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and other interested parties will be able to obtain the documents free of charge at the SEC’s website, www.sec.gov, or from the Company at its website: http://www.matw.com/investors/sec-filings. You may also obtain copies of the Company’s definitive proxy statement and other documents, free of charge, by contacting the Company’s Investor Relations Department at Matthews International Corporation, Two NorthShore Center, Pittsburgh, Pennsylvania 15212-5851, Attention: Investor Relations, telephone (412) 442-8200.

Participants in the Solicitation

The participants in the solicitation of proxies in connection with the 2025 Annual Meeting are the Company, Alvaro Garcia-Tunon, Gregory S. Babe, Joseph C. Bartolacci, Katherine E. Dietze, Terry L. Dunlap, Lillian D. Etzkorn, Morgan K. O’Brien, J. Michael Nauman, Aleta W. Richards, David A. Schawk, Jerry R. Whitaker, Francis S. Wlodarczyk, Steven F. Nicola and Brian D. Walters.

Certain information about the compensation of the Company’s named executive officers and non-employee directors and the participants’ holdings of the Company’s Common Stock is set forth in the sections entitled “Compensation of Directors” (on page 36 and available here), “Stock Ownership of Certain Beneficial Owners and Management” (on page 64 and available here), “Executive Compensation and Retirement Benefits” (on page 66 and available here), and “Appendix A” (on page A-1 and available here), respectively, in the Company’s definitive proxy statement, dated January 7, 2025, for its 2025 Annual Meeting as filed with the SEC on Schedule 14A, available here. Additional information regarding the interests of these participants in the solicitation of proxies in respect of the 2025 Annual Meeting and other relevant materials will be filed with the SEC when they become available. These documents are or will be available free of charge at the SEC’s website at www.sec.gov.

Forward-Looking Statements

Any forward-looking statements contained in this release are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, including statements regarding the anticipated timing and benefits of the proposed joint venture transaction, and may be identified by the use of words such as “expects,” “believes,” “intends,” “projects,” “anticipates,” “estimates,” “plans,” “seeks,” “forecasts,” “predicts,” “objective,” “targets,” “potential,” “outlook,” “may,” “will,” “could” or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to be materially different from management’s expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company’s results to differ materially from the results discussed in such forward-looking statements principally include the possibility that the terms of the final award to be issued by the Arbitrator in the Tesla, Inc. (“Tesla”) dispute may differ from the terms of the interim award issued by the Arbitrator and may be challenged, our ability to satisfy the conditions precedent to the consummation of the proposed joint venture transaction on the expected timeline or at all, our ability to achieve the anticipated benefits of the proposed joint venture transaction, uncertainties regarding future actions that may be taken by Barington in furtherance of its intention to nominate director candidates for election at the Company’s 2025 Annual Meeting, potential operational disruption caused by Barington’s actions that may make it more difficult to maintain relationships with customers, employees or partners, changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company’s products, including changes in costs due to adjustments to tariffs, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company’s operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company’s acquisitions, divestitures and business combinations, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company’s internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company’s control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, the Company’s plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company’s plans and expectations with respect to its Board, and other factors described in the Company’s Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.

Matthews International Corporation

Corporate Office
Two NorthShore Center
Pittsburgh, PA 15212-5851
Phone: (412) 442-8200

Contacts

Matthews International Co.

Steven F. Nicola
Chief Financial Officer and Secretary
(412) 442-8262

Sodali & Co.

Michael Verrechia/Bill Dooley
(800) 662-5200
[email protected]

Georgeson LLC

Bill Fiske / David Farkas
[email protected]

Collected Strategies

Dan Moore / Scott Bisang / Clayton Erwin
[email protected]



Cathay Bank Supports California Wildfire Recovery Efforts

Cathay Bank Supports California Wildfire Recovery Efforts

LOS ANGELES–(BUSINESS WIRE)–
In response to the devastating wildfires impacting Southern California, Cathay Bank, through the Cathay Bank Foundation, raised $600,000 in philanthropic donations in support of relief efforts.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250207821455/en/

Cathay Bank and Cathay Bank Foundation presented a $600,000 check to representatives from local nonprofits who will benefit from the funds raised for the California Wildfire Recovery. (Photo: Business Wire)

Cathay Bank and Cathay Bank Foundation presented a $600,000 check to representatives from local nonprofits who will benefit from the funds raised for the California Wildfire Recovery. (Photo: Business Wire)

“We are deeply committed to supporting our communities. This disaster is personal to us. Southern California has been our home for more than six decades. Los Angeles is our city, and where our team members and countless local businesses have built their lives,” said Chang M. Liu, Cathay Bank President and CEO. “Helping the city recover and rebuild is our civic duty.”

The funds will be directed to the following relief organizations, which are actively providing emergency aid, shelter, and resources to the impacted communities.

  • California Community Foundation – Wildfire Recovery Fund

  • Dream Center Foundation

  • Pasadena Community Foundation – Eaton Canyon Fire Relief & Recovery Fund

  • World Central Kitchen

  • LA Fire Department Foundation

  • Door of Hope

  • Habitat for Humanity Greater LA

  • Sherwood Forestry Service – Watch Duty

“Cathay Bank and the Foundation have a long history of supporting nonprofits in the areas we serve,” said DeborahChing, Chair of the Cathay Bank Foundation. “We are proud to provide assistance to this resilient and vibrant community in this time of need.”

Cathay Bank has also initiated a Client Assistance and Relief Program to provide homeowners and business assistance for affected clients.

About Cathay Bank

Cathay Bank, a subsidiary of Cathay General Bancorp (Nasdaq: CATY), opened its doors in 1962 in Los Angeles to serve the growing immigrant community. Today, we operate over 60 branches across the U.S., with a branch in Hong Kong, and representative offices in Beijing, Shanghai, and Taipei. Learn more at cathaybank.com. FDIC insurance coverage is limited to deposit accounts at Cathay Bank’s U.S. domestic branch locations.

Member FDIC

 

Equal Housing Lender

 

Diana Yang

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Residential Building & Real Estate Retail Construction & Property Law Enforcement/Emergency Services Finance Banking Other Consumer Professional Services Philanthropy Environment Public Policy/Government Natural Disasters Fund Raising Foundation Food/Beverage Consumer

MEDIA:

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Cathay Bank and Cathay Bank Foundation presented a $600,000 check to representatives from local nonprofits who will benefit from the funds raised for the California Wildfire Recovery. (Photo: Business Wire)
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Capital One Announces Quarterly Dividend

Capital One Announces Quarterly Dividend

Company also declares preferred stock dividend

MCLEAN, Va.–(BUSINESS WIRE)–
Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of $0.60 per common share payable March 3, 2025, to stockholders of record at the close of business on February 18, 2025. The company has announced dividends on its common stock every quarter since it became an independent company on February 28, 1995. Dividends declared by the company are eligible for direct reinvestment in the company’s common stock under its Dividend Reinvestment and Stock Purchase Plan. For additional Plan information, stockholders should contact Computershare Trust Company, N.A., at 1-888-985-2057 (inside the U.S. and Canada) or 1-781-575-2725 (outside the U.S. and Canada).

The company also declared a quarterly dividend on the outstanding shares of its 5.00 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I (the “Series I Preferred Stock”). Each outstanding share of the Series I Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series I Preferred Stock. The dividend of $12.50 per share (equivalent to $0.3125 per outstanding depositary share) will be paid on March 3, 2025, to stockholders of record at the close of business on February 18, 2025.

The company also declared a quarterly dividend on the outstanding shares of its 4.80 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series J (the “Series J Preferred Stock”). Each outstanding share of the Series J Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series J Preferred Stock. The dividend of $12.00 per share (equivalent to $0.30 per outstanding depositary share) will be paid on March 3, 2025, to stockholders of record at the close of business on February 18, 2025.

The company also declared a quarterly dividend on the outstanding shares of its 4.625 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K (the “Series K Preferred Stock”). Each outstanding share of the Series K Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series K Preferred Stock. The dividend of $11.5625 per share (equivalent to $0.2890625 per outstanding depositary share) will be paid on March 3, 2025, to stockholders of record at the close of business on February 18, 2025.

The company also declared a quarterly dividend on the outstanding shares of its 4.375 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series L (the “Series L Preferred Stock”). Each outstanding share of the Series L Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series L Preferred Stock. The dividend of $10.9375 per share (equivalent to $0.2734375 per outstanding depositary share) will be paid on March 3, 2025, to stockholders of record at the close of business on February 18, 2025.

The company also declared a quarterly dividend on the outstanding shares of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M (the “Series M Preferred Stock”). The dividend of $9.875 per share will be paid on March 3, 2025, to stockholders of record at the close of business on February 18, 2025.

The company also declared a quarterly dividend on the outstanding shares of its 4.25 percent Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N (the “Series N Preferred Stock”). Each outstanding share of the Series N Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series N Preferred Stock. The dividend of $10.625 per share (equivalent to $0.265625 per outstanding depositary share) will be paid on March 3, 2025, to stockholders of record at the close of business on February 18, 2025.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company which, along with its subsidiaries, had $362.7 billion in deposits and $490.1 billion in total assets as of December 31, 2024. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches and Cafés located primarily in New York, Louisiana, Texas, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.

Joanna Heaney

[email protected]

KEYWORDS: Virginia United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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SHAREHOLDER ALERT: The M&A Class Action Firm Continues To Investigate The Merger – AVAV, LTRPA, NEUE, SDIG

PR Newswire


NEW YORK
, Feb. 7, 2025 /PRNewswire/ — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

  • AeroVironment, Inc. (NASDAQ: AVAV), relating to the proposed merger with BlueHalo LLC. Under the terms of the agreement, AeroVironment shareholders will own approximately 60.5% of the combined company.

Click here for more information
 https://monteverdelaw.com/case/aerovironment-inc-avav/. It is free and there is no cost or obligation to you.

  • Liberty TripAdvisor Holdings, Inc. (OTC: LTRPA, LTRPB), relating to the proposed merger with Tripadvisor, Inc. Under the terms of the agreement, shares of Liberty TripAdvisor Common Stock will be converted into the right to receive $0.2567 in cash.

Click here for more
https://monteverdelaw.com/case/liberty-tripadvisor-holdings-inc-ltrpa-ltrpb/. It is free and there is no cost or obligation to you.

  • NeueHealth, Inc. (NYSE: NEUE), relating to the proposed merger with New Enterprise Associates. Under the terms of the agreement, holders of NeueHealth common stock will receive $7.33 per share in cash.

Click here for more

https://monteverdelaw.com/case/neuehealth-inc-neue/
. It is free and there is no cost or obligation to you.

  • Stronghold Digital Mining, Inc. (Nasdaq: SDIG), relating to its proposed merger with Bitfarms Ltd. Under the terms of the agreement, Stronghold stockholders are expected to receive 2.52 shares of Bitfarms per share of Stronghold they own. 

ACT NOW. The Shareholder Vote is scheduled for February 27, 2025.

Click here for more information:

https://monteverdelaw.com/case/stronghold-digital-mining-inc/
. It is free and there is no cost or obligation to you.

NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

  1. Do you file class actions and go to Court?
  2. When was the last time you recovered money for shareholders?
  3. What cases did you recover money in and how much?

About Monteverde & Associates PC

Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.

Contact:
Juan Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4740
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-the-ma-class-action-firm-continues-to-investigate-the-merger–avav-ltrpa-neue-sdig-302371614.html

SOURCE Monteverde & Associates PC

In Accordance with NYSE Rule 303A.08, this Press Release Makes Public the Grant of an Employment Inducement Award to Weave Communications’ Corporate Controller & VP of Finance

In Accordance with NYSE Rule 303A.08, this Press Release Makes Public the Grant of an Employment Inducement Award to Weave Communications’ Corporate Controller & VP of Finance

LEHI, Utah–(BUSINESS WIRE)–
As required by the rules of the New York Stock Exchange, Weave Communications, Inc. (NYSE: WEAV), a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, today announced that it has granted to Jeff Tibbs, Weave’s recently appointed Corporate Controller & VP of Finance, on February 6, 2025, the following equity award as an inducement for him to accept employment: restricted stock units relating to 30,000 shares of Weave’s common stock, which vest over three years, with 33% vesting on March 15, 2026 and the remaining 67% over the following 2 years in equal quarterly installments, in each case subject to Mr. Tibbs continued service through each vesting date.

The employment inducement award was granted under Weave’s 2022 Inducement Equity Incentive Plan and related form of restricted stock unit agreement. The Compensation Committee of Weave’s Board of Directors approved this award in reliance on the employment inducement exception to shareholder approval provided under Section 303A.08 of the NYSE Listed Company Manual. To comply with the terms of this exemption, the employment inducement award requires prompt public announcement of the award and written notice to the NYSE.

About Weave

Weave is the all-in-one customer experience and payments software platform for small and medium-sized healthcare practices. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire patient journey. Weave’s software solutions transform how local healthcare practitioners attract, communicate with and engage patients to grow their practice. In the past year, Weave has been named a G2 leader in Patient Relationship Management, Patient Engagement, Optometry, and Dental Practice Management software. To learn more, visit getweave.com/newsroom/.

Investor Relations

Mark McReynolds

Head of Investor Relations

[email protected]

KEYWORDS: Utah United States North America

INDUSTRY KEYWORDS: Software Practice Management Payments Health Small Business Professional Services Technology Digital Cash Management/Digital Assets

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