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Live Oak Acquisition Corp. II Extends Tender Offer Related to Business Combination with Navitas Until 11:59 p.m., September 17, 2021

PR Newswire

MEMPHIS, Tenn., Aug. 20, 2021 /PRNewswire/ — Live Oak Acquisition Corp. II (NYSE: LOKB) (“Live Oak II”), announced today that it is extending its previously announced offer to acquire all issued and allotted ordinary shares and preferred shares of Navitas Semiconductor Limited, a private company limited by shares organized under the Laws of Ireland (“Navitas Ireland”) and domesticated as a limited liability company in the State of Delaware as Navitas Semiconductor Ireland, LLC (“Navitas Delaware” and, together with Navitas Ireland, “Navitas”), other than outstanding restricted shares of Navitas Ireland granted pursuant to Navitas’ 2020 Equity Incentive Plan, until September 17, 2021, at 11:59 p.m., New York City time, unless the offer is further extended or withdrawn by Live Oak II.

Live Oak II is making the offer pursuant to a Business Combination Agreement and Plan of Reorganization, dated as of May 6, 2021, by and among Live Oak II, a wholly owned subsidiary of Live Oak II, and Navitas whereby the parties intend to effect a business combination between Live Oak II and Navitas, on the terms and subject to the conditions set forth therein. Except for the extension of the tender offer, all other terms and conditions of the tender offer remain the same as set forth in the Offer to Acquire dated July 9, 2021 and the related letter of transmittal.

As of 12:01 a.m., New York City time, on August 20, 2021, the original expiration date for the tender offer, approximately (i) 15,832,819 ordinary shares of Navitas Ireland, par value U.S. $0.0001 per share (each a “Navitas Ireland Common Share”), have been validly tendered and not withdrawn pursuant to the tender offer, representing approximately 96.9% of the outstanding Navitas Ireland Common Shares, (ii) 16,572,611 Series A preferred shares of Navitas Ireland, par value U.S. $0.0001 per share (the “Navitas Series A Preferred Shares”), have been validly tendered and not withdrawn pursuant to the tender offer, representing approximately 99.7% of the outstanding Navitas Series A Preferred Shares; (iii) 5,048,872 Series B-1 preferred shares of Navitas Ireland, par value U.S. $0.0001 per share (the “Navitas Series B-1 Preferred Shares”), have been validly tendered and not withdrawn pursuant to the tender offer, representing approximately 93.2% of the outstanding Navitas Series B-1 Preferred Shares; (iv) 15,456,273 Series B-2 preferred shares of Navitas Ireland, par value U.S. $0.0001 per share (the “Navitas Series B-2 Preferred Shares”), have been validly tendered and not withdrawn pursuant to the tender offer, representing approximately 84.9% of the outstanding Navitas Series B-2 Preferred Shares; and (v) 14,200,514 Series B preferred shares of Navitas Ireland, par value U.S. $0.0001 per share (the “Navitas Series B Preferred Shares”), have been validly tendered and not withdrawn pursuant to the tender offer, representing approximately 99.9% of the outstanding Navitas Series B Preferred Shares.

About Live Oak Acquisition Corp. II

Live Oak II raised $253 million in December 2020, and its units, Class A common stock and warrants are listed on the NYSE under the tickers “LOKB.U,” “LOKB” and LOKB WS,” respectively. Live Oak II is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Live Oak II is led by an experienced team of managers, operators and investors who have played important roles in helping build and grow profitable public and private businesses, both organically and through acquisitions, to create value for stockholders. The team has experience operating and investing in a wide range of industries, bringing a diversity of experiences as well as valuable expertise and perspective.

Cautionary Note Regarding Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the proposed transaction, the ability of the parties to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projections of market opportunity and market share, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “plan,” “seek,” “expect,” “project,” “forecast,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.

Live Oak II and Navitas caution you that the forward-looking statements contained in this press release are subject to numerous risks and uncertainties, including the possibility that the expected growth of Navitas’ business will not be realized, or will not be realized within the expected time period, due to, among other things: (i) Navitas’ goals and strategies, future business development, financial condition and results of operations; (ii) Navitas’ customer relationships and ability to retain and expand these customer relationships; (iii) Navitas’ ability to accurately predict future revenues for the purpose of appropriately budgeting and adjusting Navitas’ expenses; (iv) Navitas’ ability to diversify its customer base and develop relationships in new markets; (v) the level of demand in Navitas’ customers’ end markets; (vi) Navitas’ ability to attract, train and retain key qualified personnel; (vii) changes in trade policies, including the imposition of tariffs; (viii) the impact of the COVID-19 pandemic on Navitas’ business, results of operations and financial condition; (ix) the impact of the COVID-19 pandemic on the global economy; (x) the ability of Navitas to maintain compliance with certain U.S. Government contracting requirements; (xi) regulatory developments in the United States and foreign countries; and (xii) Navitas’ ability to protect its intellectual property rights. Forward-looking statements are also subject to additional risks and uncertainties, including (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) the inability of the parties to successfully or timely consummate the proposed transaction, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed transaction or that the approval of the stockholders of Live Oak II is not obtained; (iii) the outcome of any legal proceedings that may be instituted against Live Oak II or Navitas following announcement of the proposed transaction; (iv) the risk that the proposed transaction disrupts Live Oak II’s or Navitas’ current plans and operations as a result of the announcement of the proposed transaction; (v) costs related to the proposed transaction; (vi) failure to realize the anticipated benefits of the proposed transaction; (vii) risks relating to the uncertainty of the projected financial information with respect to Navitas; (viii) risks related to the rollout of Navitas’ business and the timing of expected business milestones; (ix) the effects of competition on Navitas’ business; (x) the amount of redemption requests made by Live Oak II’s public stockholders; (xi) the ability of Live Oak II or the combined company to issue equity or equity-linked securities in connection with the proposed transaction or in the future; and (xii) those factors discussed in Live Oak II’s registration statement on Form S-4 (File No. 333-256880) (the “Registration Statement”) filed with the Securities and Exchange Commission (the “SEC”) and Live Oak II’s final prospectus filed with the SEC on December 4, 2020 under the heading “Risk Factors” and other documents of Live Oak II filed, or to be filed, with the SEC.

If any of the risks described above materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by our forward-looking statements. There may be additional risks that neither Live Oak II nor Navitas presently know or that Live Oak II and Navitas currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Live Oak II’s and Navitas’ expectations, plans or forecasts of future events and views as of the date of this press release. Live Oak II and Navitas anticipate that subsequent events and developments will cause Live Oak II’s and Navitas’ assessments to change. However, while Live Oak II and Navitas may elect to update these forward-looking statements at some point in the future, Live Oak II and Navitas specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Live Oak II’s and Navitas’ assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Important Information and Where to Find It

In connection with the proposed transaction, Live Oak II has filed the Registration Statement with the SEC, which includes a proxy statement/prospectus of Live Oak II. Live Oak II also plans to file other documents and relevant materials with the SEC regarding the proposed transaction. After the Registration Statement has been cleared by the SEC, a definitive proxy statement/prospectus will be mailed to the stockholders of Live Oak II. SECURITYHOLDERS OF LIVE OAK II AND NAVITAS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS AND RELEVANT MATERIALS RELATING TO THE PROPOSED TRANSACTION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED TRANSACTION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. Stockholders will be able to obtain free copies of the proxy statement/prospectus and other documents containing important information about Live Oak II and Navitas once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov.

Participants in the Solicitation

Live Oak II and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Live Oak II in connection with the proposed transaction. Navitas and its officers and directors may also be deemed participants in such solicitation. Securityholders may obtain more detailed information regarding the names, affiliations and interests of certain of Live Oak II’s executive officers and directors in the solicitation by reading Live Oak II’s Annual Report on Form 10-K filed with the SEC on March 25, 2021 and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the proposed transaction when they become available. Information concerning the interests of Live Oak II’s participants in the solicitation, which may, in some cases, be different than those of Live Oak II’s stockholders generally, will be set forth in the proxy statement/prospectus relating to the proposed transaction when it becomes available.

Contact Information

Adam J. Fishman, COO
[email protected]

Cision View original content:https://www.prnewswire.com/news-releases/live-oak-acquisition-corp-ii-extends-tender-offer-related-to-business-combination-with-navitas-until-1159-pm-september-17-2021-301360025.html

SOURCE Live Oak Acquisition Corp. II

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Tropical Storm Henri May Disrupt Phone, Internet Service

Tropical Storm Henri May Disrupt Phone, Internet Service

An Important Message for Frontier Communications’ Southern Connecticut Customers

NORWALK, Conn.–(BUSINESS WIRE)–
The National Weather Servicehas issued a warning that Tropical Storm Henri’s path is taking aim at southeastern New England. Hurricane watches issued this morning warn of surge flooding, rainfall, damaging winds, and dangerous marine conditions that could affect southern Connecticut.

Frontier is asking customers to prepare for possible short-term and extended disruptions of phone, video, and Internet service. Frontier crews and technicians are taking steps to prepare for the storm and safeguard facilities. Frontier monitors its network 24/7 and will begin any necessary restoration work as soon as safely possible. Customers may want to prepare by assembling a kit that includes mobile devices for backup communications, portable chargers, and a physical list of important places and phone numbers.

Customers may experience longer than typical wait-times for service calls and repair visits as Frontier, like other providers, expects increased weather-related help requests. Here are reminders for getting help:

  • Frontier’s broadband router/modems are designed to reconnect automatically when electric power is restored following a power outage. If service does not automatically reconnect after power restoration, customers should first reboot their router/modems. This can be done by turning the modem’s power off or by unplugging the device from the wall outlet, waiting 30 seconds, and then plugging it back in. Allow 2 to 5 minutes for the device to restart.
  • Customers can use Frontier’s online contact page to connect via Live Chat, schedule a Call Back or get information on other support services. Chat with Frontier’s customer care team via Twitter is available at @askFrontier.
  • For service disruptions, please call Frontier at 800-921-8101 for residential or 800-921-8102 for business customers.
  • To inform Frontier about a damaged pole, downed wire, or cable, please call 877‐486‐5667.

Please visit our emergency resource page at https://frontier.com/resources/emergency-preparation for more information.

About Frontier Communications

Frontier Communications Parent, Inc. (NASDAQ: FYBR) offers a variety of services to residential and business customers over its fiber-optic and copper networks in 25 states, including high-speed internet, video, advanced voice, and Frontier Secure® digital protection solutions. Frontier Business™ offers communications solutions to small, medium, and enterprise businesses. More information is available at www.frontier.com.

Brigid M. Smith

AVP, Corporate Communications

[email protected]

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS: Technology Internet Telecommunications

MEDIA:

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International Paper Announces Pricing of Senior Notes Offering by Sylvamo Corporation

PR Newswire

MEMPHIS, Tenn., Aug. 20, 2021 /PRNewswire/ — International Paper Company (NYSE: IP) today announced that its wholly-owned subsidiary, Sylvamo Corporation (“Sylvamo”), has priced $450 million aggregate principal amount of 7.000% senior unsecured notes due 2029. The offering is expected to close on September 3, 2021, subject to customary closing conditions. The net proceeds from the offering of senior notes, together with anticipated borrowings under Sylvamo’s expected credit facilities and cash on hand in excess of $100 million, will be used by Sylvamo to make a special payment to International Paper in advance of the spin-off.

The senior notes are being offered in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended (the “Securities Act”).  The senior notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S, each under the Securities Act.

The senior notes will not be and have not been registered under the Securities Act and may not be offered or sold within the United States absent registration or an applicable exemption from the registration requirements.

This announcement is not an offer to purchase, a solicitation of an offer to sell or purchase, or a solicitation of an offer to sell or purchase securities with respect to the senior notes and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful. The offering of senior notes will be made only by the offering memorandum being sent to prospective investors.

Forward-Looking and Cautionary Statements

This press release may contain “forward-looking statements.” Such forward-looking statements may include, without limitation, statements about the Company’s market opportunities, strategies, competition and expected activities and expenditures, and at times may be identified by the use of words such as “may,” “will,” “could,” “should,” “would,” “project,” “believe,” “anticipate,” “expect,” “plan,” “estimate,” “forecast,” “potential,” “intend,” “continue” and variations of these words or comparable words. Forward-looking statements are based on current expectations and assumptions, and inherently involve risks and uncertainties. Accordingly, actual results may differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the differing materially from such forward looking statements are discussed in greater detail in International Paper’s Securities and Exchange Commission (“SEC”) filings and Sylvamo’s registration statement on Form 10 filed with the SEC on August 9, 2021.  Neither International Paper nor Sylvamo can provide any assurance that the offering of senior notes will be consummated in the amount anticipated or at all or that the spin-off will be completed on the expected timeline or at all.  The completion of the spin-off remains subject to the ongoing SEC review process and satisfaction of customary closing conditions.  You should not place undue reliance on our forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to make any revision to the forward-looking statements contained in this press release or to update them to reflect events or circumstances occurring after the date of this press release.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/international-paper-announces-pricing-of-senior-notes-offering-by-sylvamo-corporation-301360015.html

SOURCE International Paper

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Exercise of Options and Sale of Common Shares by CEO – Founder

PR Newswire

MONTREAL, Aug. 20, 2021 /PRNewswire/ – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion”) announced today that Marc Bedard, CEO – Founder, has exercised share options granted in 2017, resulting in the acquisition of 900,000 common shares of Lion, and sold these shares on the Toronto Stock Exchange and New York Stock Exchange through the facilities of an investment dealer.

Mr. Bedard plans to use the net proceeds from the sale of the common shares primarily for the repayment of personal indebtedness incurred in connection with prior investments in Lion’s shares. The common shares sold have no impact on the total number of common shares held by 9368-2672 Quebec Inc., of which Mr. Bedard has control over, directly and indirectly, a majority of the voting shares. Following the sale, 9368-2672 Quebec Inc. still holds 27,558,653 or 14.6% of Lion’s common shares issued and outstanding, while Mr. Bedard personally holds 2,956,375 options.

As previously disclosed in the Registration statement on Form F-1 filed with the Securities and Exchange Commission and declared effective on June 14, 2021, Mr. Bedard, who is subject to a 180 days lock-up agreement following close of the transaction, was allowed during the restricted period to transfer and sell a maximum of 1,000,000 common shares, representing less than 4% of the total number of Lion common shares held by 9368-2672 Quebec Inc. The announced sale of 900,000 shares is done as part of this entitlement, which Mr. Bedard does not plan on exercising in full.  

ABOUT LION ELECTRIC


Lion Electric
 is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit and mass transit segments. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles’ components, including chassis, battery packs, truck cabins and bus bodies.  

Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Any statements contained in this press release that are not statements of historical fact, including statements about Lion’s beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements may be identified by the use of words such as “believe,” “may,” “will,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “project,” “potential,” “seem,” “seek,” “future,” “target” or other similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words.

The company made a number of economic, market and operational estimates and assumptions in preparing and making certain forward-looking statements contained in this press release. Such estimates and assumptions are made by Lion in light of the experience of management and their perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Lion believes that these risks and uncertainties include, but are not limited to the risks and uncertainties related to the businesses of Lion described in the section entitled “Risk Factors” in the company’s final prospectus dated May 5, 2021 (the “Canadian Prospectus”) filed with the Autorité des marchés financiers (the “AMF”) and the registration statement on Form F-1 (the “Registration Statement”) filed with the Securities and Exchange Commission (the “SEC”) and declared effective on June 14, 2021 and other documents publicly filed with the AMF and the SEC. Many of these risks are beyond Lion’s management’s ability to control or predict. All forward-looking statements attributable to Lion or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained, and risk factors identified, in the Canadian Prospectus, the Registration Statement and other documents filed with the AMF and the SEC.

Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise.

Cision View original content:https://www.prnewswire.com/news-releases/exercise-of-options-and-sale-of-common-shares-by-ceo–founder-301359984.html

SOURCE Lion Electric

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Gabelli Go Anywhere Trust Announces Common Share Tender Offer and Redemption of Preferred Shares

Gabelli Go Anywhere Trust Announces Common Share Tender Offer and Redemption of Preferred Shares

RYE, N.Y.–(BUSINESS WIRE)–
As designed in the Initial Public Offering of The Gabelli Go Anywhere Trust (NYSE American: GGO) (the “Fund”) September 2, 2016, the Board of Trustees (the “Board of Trustees”) has authorized an issuer tender offer to purchase for cash all of the Fund’s issued and outstanding common shares (the “Shares”). The price was set at 98% of the net asset value per Share determined on the last business date prior to the expiration date of September 24, 2021 (the “Offer”). In addition, the Board of Trustees authorized a distribution of $0.05 per Share payable on Sept 23, 2021, to shareholders of record on September 16, 2021.

Also pursuant to the initial offering documents, the Fund’s Board of Trustees initiated the provision to redeem all outstanding Series A Cumulative Puttable and Callable Preferred Shares (the “Series A Preferred Shares”), at the liquidation preference of $40.00 per share. At the time of the redemption on September 27, 2021 (the “Redemption Date”), Series A Preferred shareholders will also receive a $0.50 per share distribution payable to shareholders of record on September 20, 2021, plus $0.0055 per share representing accumulated and unpaid dividends and distributions to the Redemption Date.

All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common and preferred shareholders in 2021 would include approximately 2% from net investment income and 98% from net capital gains on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2021 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2021 distributions in early 2022 via Form 1099-DIV.

This press release is neither an offer to purchase nor a solicitation of an offer to sell any securities of the Fund. The Offer is being made only pursuant to the Tender Offer Statement on Schedule TO, including an Offer to Purchase, Letter of Transmittal and related materials that the Fund filed with the Securities and Exchange Commission (“SEC”) on August 3, 2021. Shareholders of the Fund are urged to carefully read the Tender Offer Statement, Offer to Purchase, Letter of Transmittal and related materials filed with the SEC because they contain important information, including the various terms of, and conditions to, the Offer. Investors may obtain free copies of the Tender Offer Statement and other documents filed with the SEC at the SEC’s web site at www.sec.gov. In addition, free copies of the Tender Offer Statement and other documents filed with the SEC may also be obtained by directing a request to: Gabelli Funds, or by calling (800) 422-3554.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. More information regarding the Fund’s distribution policy and other information about the Fund is available by calling 800-GABELLI (800-422-3554) or visiting www.gabelli.com.

About Gabelli Go Anywhere Trust

The Gabelli Go Anywhere Trust is a non-diversified, closed-end management investment company whose primary investment objective is total return, consisting of capital appreciation and current income. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).

NYSE American: GGO

CUSIP – 36250J109

The Gabelli Go Anywhere Trust

Investor Relations Contact:

David Schachter

(914) 921-5057

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

NYSE

Arca

Ticker

Registered

Issue Name

Declaration

Date

Ex-Date

Record

Date

Payment

Date

Coupon

Amount1

per Note

Current

Yield2

AMJ

Alerian MLP

Index ETN

August 20,

2021

August 26,

2021

August 27,

2021

September

7, 2021

$0.3141

7.3%

The Notes are subject to a maximum issuance limitation of 129,000,000 Notes, which may cause the Notes to trade at a premium relative to the indicative note value. Investors that pay a premium for the Notes could incur significant losses if that investor sells its notes at a time when some or all of the premium is no longer present.

1) As defined in the Market-Making Supplement, dated April 8, 2020 for the Notes.

You may access this market making supplement as follows:

https://www.sec.gov/Archives/edgar/data/19617/000095010320007243/dp125818_424b2-aemsupp.htm

2) “Current Yield” equals the current Coupon Amount annualized and divided by the closing price of the Notes on August 19, 2021 and rounded to one decimal place for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the Notes.

The Notes are senior, unsecured obligations of JPMorgan Chase & Co.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.7 trillion in assets and $286.4 billion in stockholders’ equity as of June 30, 2021. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Investment suitability must be determined individually for each investor, and the Notes may not be suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice.

Investors should consult with their own advisors as to these matters.

JPMorgan Chase & Co. has filed a registration statement (including a prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this communication relates.

Before you invest, you should read the prospectus in that registration statement and the other documents relating to this offering that JPMorgan Chase & Co. has filed with the SEC for more complete information about JPMorgan Chase & Co. and this offering.

You may get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, JPMorganChase & Co., any agent or any dealer participating in this offering will arrange to send you the prospectus, the prospectus supplement, the product supplement and the pricing supplement if you so request by calling toll-free 800-576-3529.

Questions? Contact: JPMorgan Alerian ETN team, 1-800-576-3529 [email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Finance Consulting Banking Professional Services Other Professional Services

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Direxion Closing Four ETFs

Closures Due to Limited Interest Since Launch

PR Newswire

NEW YORK, Aug. 20, 2021 /PRNewswire/ — Due to the their inability to attract sufficient investment assets, the Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close four ETFs (each, a “Fund” and collectively, the “Funds”), based on the recommendation of the funds’ adviser, Rafferty Asset Management, LLC. As a result, the Board concluded that liquidating and closing the Funds would be in the best interest of the Funds and their shareholders. The Funds closing are as follows:


Fund


Ticker


CUSIP

Direxion Connected Consumer ETF

CCON

25460G724

Direxion MSCI USA ESG – Leaders Vs. Laggards ETF

ESNG

25460G302

Direxion High Growth ETF

HIPR

25460G765

Direxion S&P 500® High Minus Low Quality ETF

QMJ

25460G401

The Funds will cease trading on the NYSE Arca, Inc. (“NYSE”) and will be closed to purchase by investors as of the close of regular trading on the NYSE on September 17, 2021 (the “Closing Date”). The Funds will not accept purchase orders after the Closing Date.

Shareholders may sell their holdings in a Fund prior to the Closing Date and customary brokerage charges may apply to these transactions. However, from September 17, 2021 through September 24, 2021 (the “Liquidation Date”) shareholders may only be able to sell their shares to certain broker-dealers and there is no assurance that there will be a market for a Fund’s shares during this time period. Between the Closing Date and the Liquidation Date, each Fund will be in the process of closing down and liquidating its portfolio. This process will result in a Fund increasing its cash holdings and, as a consequence, not tracking its underlying index, which is inconsistent with each Fund’s investment objective and strategy.

On or about the Liquidation Date, each Fund will liquidate its assets and distribute cash pro rata to all shareholders who have not previously redeemed or sold their shares. These distributions are taxable events. In addition, these payments to shareholders may include accrued capital gains and dividends. As calculated on the Liquidation Date, each Fund’s net asset value will reflect the costs of closing the Fund. Once the distributions are complete, the Funds will terminate.


About Direxion:

Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, or investing in thematic strategies. Direxion’s reputation is founded on developing products that precisely express market perspectives and allow investors to manage their risk exposure. Founded in 1997, the company has approximately $26.6 billion in assets under management as of June 30, 2021. For more information, please visit www.direxion.com.  

For more information on all Direxion Shares daily leveraged ETFs, go to


direxion.com


, or call us at 866.476.7523.


An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a Fund’s prospectus and summary prospectus call 866-716-0735 or visit our website at direxion.com. A Fund’s prospectus and summary prospectus should be read carefully before investing

.

Direxion Shares Risks – An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration that results from an ETF’s investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. The ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of the return of their respective index for periods other than a single day. For other risks including leverage, correlation, daily compounding, market volatility and risks specific to an industry or sector, please read the prospectus.

Distributor: Foreside Fund Services, LLC.

CONTACT: 

James Doyle

JConnelly

973.850.7308


[email protected]

 

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SOURCE Direxion

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GFL Environmental Inc. Announces Change of Auditor to KPMG LLP

PR Newswire

VAUGHAN, ON, Aug. 20, 2021 /PRNewswire/ – GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (“GFL” or the “Company”) today announced that it has changed its auditor from Deloitte LLP (“Deloitte”) to KPMG LLP (“KPMG”) effective August 20, 2021.

At the request of the Company, Deloitte resigned as the auditor of the Company and the Board of Directors of the Company appointed KPMG as the new auditor effective August 20, 2021 until the close of the Company’s next Annual General Meeting.

There are no “reportable events” (as the term is defined in National Instrument 51-102 – Continuous Disclosure Obligations) between the Company and Deloitte. In addition, there were no reservations in Deloitte’s audit reports for any financial period during which Deloitte was the Company’s auditor.

Luke Pelosi, the Chief Financial Officer of GFL, said, “As a result of a comprehensive review process resulting in a formal request for proposal being tendered to qualifying accounting firms, the Board has appointed KPMG as GFL’s new auditor. I want to thank Deloitte for its support over the years and I look forward to working together in the future on non-audit related engagements.”  

In accordance with National Instrument 51-102, the Notice of Change of Auditor, together with the required letters from Deloitte and KPMG, have been reviewed by the Company’s Audit Committee and will be filed on SEDAR.

About GFL

GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of non-hazardous solid waste management, infrastructure & soil remediation and liquid waste management services through its platform of facilities throughout Canada and in 27 states in the United States. Across its organization, GFL has a workforce of more than 15,000 employees.

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SOURCE GFL Environmental Inc.

Posted on

EXFO Announces Receipt of Final Court Approval

PR Newswire

QUEBEC CITY, Aug. 20, 2021 /PRNewswire/ – EXFO Inc. (“EXFO” or the “Corporation“) (NASDAQ: EXFO) (TSX: EXF) is pleased to announce that the Superior Court of Québec has issued a final order approving the previously announced plan of arrangement with 11172239 Canada Inc. (the “Arrangement“). At the special meeting of EXFO’s shareholders held on August 13, 2021, the special resolution approving the arrangement resolution was approved by 99.65% of the votes cast by shareholders, voting together as a single class, as well as 90.95% of the votes cast by holders of subordinate voting shares, excluding votes attached to the subordinate voting shares held, directly or indirectly, by Germain Lamonde and Philippe Morin.

The Arrangement is expected to be completed on or about August 27, 2021, subject to the satisfaction or waiver of customary closing conditions.

Further information regarding the Arrangement is provided in the management information circular dated July 15, 2021.

Caution Regarding Forward-looking Statements

This press release contains forward-looking statements within the meaning of Canadian securities laws. In addition, this press release also contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, and we intend that such forward-looking statements be subject to the safe harbors created thereby. Forward-looking statements are statements other than historical information or statements of current condition. Words such as may, expect, believe, plan, anticipate, intend, could, estimate, continue, or similar expressions or the negative of such expressions are intended to identify forward-looking statements. These statements are based on certain assumptions deemed reasonable by EXFO, but are subject to certain risks and uncertainties, several of which are outside the control of EXFO, which may cause results to vary materially. Such risks and uncertainties include, but are not limited to the following: the possibility that various closing conditions for the transaction may not be satisfied or waived and other risks and uncertainties discussed in documents filed with the U.S. Securities and Exchange Commission. EXFO disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by securities laws.

About EXFO

EXFO develops smarter test, monitoring and analytics solutions for fixed and mobile network operators, webscale companies and equipment manufacturers in the global communications industry. Our customers count on us to deliver superior network performance, service reliability and subscriber insights. They count on our unique blend of equipment, software and services to accelerate digital transformations related to fiber, 4G/LTE and 5G deployments. They count on our expertise with automation, real-time troubleshooting and big data analytics, which are critical to their business performance. We’ve spent over 30 years earning this trust, and today 1,900 EXFO employees in over 25 countries work side by side with our customers in the lab, field, data center and beyond.

EXFO-C

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SOURCE EXFO Inc.

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Mercury Ecommerce Acquisition Corp Announces Closing of Partial Exercise of Over-Allotment Option

PR Newswire

HOUSTON, Aug. 20, 2021 /PRNewswire/ — Mercury Ecommerce Acquisition Corp. (Nasdaq: MEACU) (the “Company”) today announced the closing of the issuance of an additional 541,500 units, consisting of one share of Class A common stock and one-half of one redeemable warrant, pursuant to the partial exercise of the underwriter’s over-allotment option in connection with the Company’s initial public offering (the “Offering”).

The additional units were sold at the initial offering price of $10.00 per unit, generating additional gross proceeds of $5,415,000 to the Company and bringing the total gross proceeds of the Offering to $180,415,000. Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. The Company’s units began trading on the Nasdaq Capital Market on July 28, 2021 under the ticker symbol “MEACU.” Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “MEAC” and “MEACW,” respectively.

The Company, led by Chairman Blair Garrou and President and CEO Andrew White, is a newly organized blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. While the company may pursue an investment opportunity in any business or industry, it intends to focus its search for a target business or businesses in the e-commerce technology and tech-enabled services industry in North America.

Needham & Company is acting as Sole Book-Running Manager for the offering.

The offering is being made in the United States only by means of a prospectus. Copies of the prospectus relating to the offering, when available, may be obtained by contacting Needham & Company, LLC, Attention: Prospectus Department, 250 Park Avenue, 10th Floor, New York, NY 10177, by telephone at 800-903-3268 or by email at [email protected]. Copies of the prospectus relating to this offering, when available, may also be obtained for free by visiting EDGAR on the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov.

A registration statement relating to the securities became effective on July 27, 2021 in accordance with Section 8(a) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or the 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.

Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the closing of the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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SOURCE Mercury Ecommerce Acquisition Corp