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March 20 is next chart opportunity imo, 6 month consolidation and around the time of the possible name change
Russia will cut the internet cables soon imo, no more crypto currency
Scissor x undersea cables = no crypto currency
https://www.dailystar.co.uk/news/latest-news/russian-spy-ship-tracked-uk-28299206
Sysx knows in advance - no more internet, prepare for your internet addiction withdrawal now.
“Delivering bitcoin transaction data to miners requires internet-enabled devices. As a digital currency, you cannot buy, sell or exchange bitcoin without the internet. As such, even a single day without internet access could cost bitcoin miners, exchanges, and traders millions.”
Deal soon? 6 month accumulation distribution almost in gray, maybe they can do something with their success :
“10:03a ET 8/12/2022 - Benzinga
Despite Strong Income And Revenue Growth LFTD Stock Plunges Following Earnings Release
LFTD Partners Inc. (OTCQB: LIFD) Q2 2022 revenue increased 151% to $16.8 million, up from $6.7 million in Q2 2021.
Q2 2022 Compared to Q2 2021:
Operating margin increased 3.14% to 26.40%, up from 23.25%
Net income increased 102% to $3.2 million up from $1.6 million- the eighth consecutive quarter of positive GAAP net income
Basic earnings per share ("EPS") increased 64% to $0.23 per share, up from $0.14
Diluted EPS up 82% to $0.20 per share, up from $0.11
Basic and diluted weighted average shares outstanding for the three months ended June 30, 2022 were 14.1 million and 15.9 million respectively
Balance Sheet Highlights - June 30, 2022 Compared to December 31, 2021:
Cash on hand increased 134% to $3.8 million up from $1.6 million
Inventory increased 164% to $10 million, up from $3.8 million
Current assets increased 50% to $19.7 million, up from $13.2 million
Current ratio increased to 2.09, from 1.10
Working capital increased 725% to $10.3 million, up from $1.2 million.
Nicholas S. Warrender, vice chairman and COO of LFTD Partners, and founder and CEO of Lifted Made, stated, "Q2 2022 was a record quarter for us in terms of net income, earnings per share, and free cash flow."
Price Action
LFTD Partners shares were trading 18.46% lower at $6.36 per share at the time of writing Friday morning.
Photo by Diyahna Lewis on Unsplash
Related News
LFTD Partners Prepays Its Remaining Secured Debt Of $916K
LFTD Partners Lowers Its Secured Debt, Here Are The Details
LFTD Partners Inc. Prepays One Third Of Total Secured Debt With Free Cash Flow From Subsidiary Company Lifted Made
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
“O Scorpio, Scorpio, wherefore art thou Scorpio?
Deny thy second adventure and refuse thy name.
What’s in a ticker symbol? A weed or a rose
By any other name it would not be relevant;”
Will we learn about the meeting in the company’s first pr?
Soon I think “4:19p ET 8/15/2022 - Benzinga
NexImmune Highlights FDA Clearance Of IND For NEXI-003 For The Treatment Of HPV-Related Cancers
Received U.S. Food and Drug Administration (FDA) clearance of Investigational New Drug (IND) submission for NEXI-003, the Company's first solid tumor product candidate for the treatment of HPV-related cancers
Plans to report additional preclinical and IND enabling data for the AIM Injectable platform in 2H22
Clinical updates for the Company's two lead product candidates in Phase 1/2 clinical trials expected in 4Q22
Company is prioritizing resources to support Company's lead product candidates, NEXI-001 and NEXI-003
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
Welcome to Scorpio
Charts look good finances improving
Good news imo “8:32a ET 10/20/2022 - Benzinga
Sphere 3D Corp. Restructures Miner Equipment Contract With BitFuFu
New Contract Applies Prepaid Deposits to Secure Immediate Shipment of 1.7 EH/s of Capacity
Eliminates Purchase Obligations for Miners at Above Current Market Rates
Grows Sphere 3D Mining Fleet Dramatically in 2022
Toronto, Ontario--(Newsfile Corp. - October 20, 2022) - Sphere 3D Corp. (NASDAQ:ANY) ("Sphere 3D" or the "Company"), dedicated to becoming the leading carbon-neutral Bitcoin mining company, has restructured its purchase agreement for 6.0 exahashes/second of capacity or approximately 60,000 S19j Pros, with Fufu Technologies, "BitFuFu".
The restructured contract initially entered into with BitFuFu in September 2021 will apply all deposits paid by Sphere 3D ($106.9 million paid to date) to BitFuFu toward the delivery of approximately 1.7 EH/s of S19j Pros to Sphere 3D during 2022. The restructuring also relieves Sphere 3D from obligations of the old contract requiring the Company to purchase an additional 3.9 EH/s of capacity, approximately 39,000 miners, at rates significantly above current market prices for S19j Pros. The restructuring also eliminates substantial penalties due to BitFuFu from Sphere 3D.
CEO Comments
"The restructuring of this Purchase Agreement with BitFuFu is a win for Sphere 3D. The new contract helps position the company for profitable growth as the cryptocurrency markets strengthen in the future.
"The contract with BitFuFu was signed in late 2021 at the height of the Bitcoin market as a fixed price contract with no allowances for market price adjustments. The price of S19j Pros has since decreased by over 70%. In light of the sharp reduction in the market price of miners, the drop in the price of Bitcoin, and the recent pending advancements in miner technology, it was critical to extricate the Company from this contract.
"The combination of applying 100% of the deposits paid BitFuFu, avoiding significant penalties, and accelerating the shipment of miners has dramatically grown the Company's exahash, preserved the Company's balance sheet, and provided us with significant flexibility and optionality for growth in 2023 and beyond," said Patricia Trompeter, Sphere 3D CEO.
"The right-sizing of the contract provides the Company with an expected additional 1.7 EH/s of capacity in 2022. With the current volatility in the market, and Bitcoin stabilizing in the short term at a lower rate, we believed it prudent to scale back our financial obligation to BitFuFu and push the option of adding EH/s into 2023, as many of our industry colleagues have done," continued Trompeter. "This empowers us with flexibility to explore the latest miner technology, eliminates the need to put expensive debt on our balance sheet, and prevents us from being forced to overpay for miners. It has been a long, but fruitful negotiation. I believe the fourth quarter will be transformational for Sphere 3D."
Sphere 3D entered into a contract with Fufu Technologies in 2021. The Purchase Agreement was for 6.0 EH/s of Bitmain Antminer S19J & Pro Series. Miners started shipping in December 2021 and have been repeatedly delayed due to BitFuFu operational issues. The miners due Sphere 3D in the restructured contract are expected to arrive at the end of November 2022 with anticipated installation in December 2022.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
Anyone know meeting result
.0006 gap 9/29/20
50 SMA on six month chart about to cross below the 100 and 200, then the 100 will cross below the 200, if it is fast there is chance for a bounce with news
World war 3 would increase iron demand
The deal doubles the amount of catalysts for the combined company but halved the share price, people didn’t realize that adxs already applied for Nasdaq in May and sold thinking Ayala would be delisted for a long time post merger, I doubt it imo.
2 days short squeeze possible
“6:33a ET 10/19/2022 - Benzinga
Advaxis and Ayala Pharmaceuticals Enter into Merger Agreement in All-Stock Deal
Ayala Pharmaceuticals, Inc. (Nasdaq: AYLA) (Ayala), a clinical-stage oncology company focused on developing and commercializing small molecule therapeutics for patients suffering from rare tumors and aggressive cancers and Advaxis, Inc. (OTCQX: ADXS) (Advaxis), a biotechnology company devoted to the discovery, development and commercialization of immunotherapies based on a technology which uses engineered Listeria monocytogenes, today announced that they have entered into a definitive merger agreement. The merger would result in a combined company that will focus predominantly on the development and commercialization of Ayala's lead program AL102 for the treatment of desmoid tumors and Advaxis's candidate ADXS-504 in development for prostate cancer.
Kenneth A. Berlin, President and Chief Executive Officer of Advaxis, said, "Advaxis took a thorough approach in our quest to find the right partner with the right products. This merger is expected to enhance Advaxis's portfolio of clinical assets, with Ayala's proprietary gamma secretase inhibitors that are being developed as targeted therapies for rare and aggressive tumors. Ayala's lead candidate, AL102, is currently being investigated in the Phase 2/3 RINGSIDE study in desmoid tumors, which we believe will accelerate the stage of product development for the combined company dramatically. We are particularly excited about very promising interim data from RINGSIDE, which showed that AL102 monotherapy had meaningful anti-tumor activity with tumor shrinkage in the majority of patients that appeared to be deepening over time. The combined management team has extensive commercial and R&D experience, and we believe we have the cash to advance the combined portfolio through key milestones in 2023, including longer-term data from Part A of RINGSIDE, clarity on the registration path for AL101 in recurrent/metastatic adenoid cystic carcinoma (ACC) and initial clinical and PSA data from the Phase 1 trial of ADXS-504 in prostate cancer. We believe that this transaction will also help drive our efforts to return to a Nasdaq listing and enhance our ability to access capital."
Roni Mamluk, Ph.D., President and Chief Executive Officer of Ayala commented, "We are pleased to announce the proposed merger with Advaxis, which is expected to provide our pipeline and AL102 with additional financial resources as well as additional infrastructure in the U.S. The two companies have a shared mission to develop innovative therapies to improve the lives of patients with cancer and I believe we have found a good partner to advance our pipeline and create value for our stakeholders."
Additional Transaction Details
Subject to the terms and conditions of the merger agreement, at the closing of the merger, each outstanding share of Ayala common stock will be converted into the right to receive shares of common stock of Advaxis based on the exchange ratio set forth in the merger agreement. Upon completion of the merger, Ayala stockholders will own approximately 62.5% of the combined company's outstanding common stock and Advaxis stockholders will own approximately 37.5%, subject to the terms of the merger agreement. Advaxis will, at the effective time of the merger, assume the outstanding restricted stock units and stock options of Ayala, subject to the terms of the merger agreement. No fractional shares will be issued in connection with the merger and Advaxis will pay cash in lieu of any such fractional shares. The merger is intended to qualify for U.S. federal income tax purposes as a tax-free reorganization under the provisions of Section 368(a) of the Internal Revenue Code of 1986, as amended.
Consummation of the merger is subject to certain closing conditions, including, among other things, approval by the stockholders of Ayala. At the closing of the merger, Ayala will be delisted from The Nasdaq Global Market. The combined company's common stock is expected to begin trading on the OTCQX at the effective time of the merger, subject to Advaxis' planned efforts to have the stock of the combined company listed on Nasdaq, as to which no assurances can be made.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.“
No volume, weird, might be halted for news pending on meeting
Completed Another month of waiting, Chart opportunity tomorrow imo
3 days till Scorpio
Reversal higher may have occurred on chart, lots of potential
Great financial position this SP to do well on positive legalization news imo
April 11 - October 18th could not bring OTT TV product to market in a timely fashion imo, SP in that timeframe of shareholders patiently waiting 1.25 to .23, down 80%. Share registration pre-registered to dilute any shareholder gains from OTT release. Not the outcome shareholders were looking for today imo.
“This technology has the potential to dramatically increase the potential number of participants in sweepstakes, tournaments, and rewards-based competitions. Versus will be using its patented technologies in-venue, at NFL, NHL, NBA, NCAA, and other sporting events and, beginning in Q4 of this year, in Over-The-Top (OTT) television and streaming media.
Versus' growing patent portfolio now includes multiple granted US and international patents, with dozens of claims around the management of prizing in games, dynamic regulatory compliance, single and multiplayer prizing, competitive balance, and rewards in streaming media.”
ESPN streak for the cash game ended abruptly on September 30, 2022.
Chart opportunity today, 6 month, let’s see if they take advantage, next chance would be 10/27, 1 year, so if it gets started today a second SP burst could occur in a week or so also.
“8:00a ET 10/17/2022 - BusinessWire
LidarSwiss Deploys Cepton Lidar for High-Fidelity Mapping and Smart Analytics on the Fly
--Visit Booth C3.141 at INTERGEO to see LidarSwiss' Nano P60 system integrated with Cepton's Sora(TM) lidar
Cepton, Inc. ("Cepton") (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, today announced that it is working with LidarSwiss Solutions GmbH ("LidarSwiss") to deploy its lidar technology in a drone-based mapping and analytics solution for infrastructure management and engineering design applications.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221017005375/en/
LidarSwiss is a Switzerland-based provider of high-performance unmanned aerial vehicle (UAV) based lidar solutions. Utilizing Cepton's industry-leading Sora lidar sensor, its Nano P60 system provides high-fidelity mapping and real-time processing on the fly to serve engineers, forestry managers and urban planners across the globe. To date, Nano P60 has been used to map and analyze powerlines, areas for site development, flood plains and highways in over twenty cities in Asia, Europe and Australia.
Nano P60 integrates Cepton's Sora sensor with a high-precision IMU/GNSS unit and high-resolution camera system. Its intelligent controller with LidarSwiss proprietary software automatically combines all raw data to generate high-density, high-precision RGB attributed 3D laser point clouds during flight. With a total weight of 2.1kg, this compact system can be mounted on small drones to produce mapping products such as digital orthophotos, digital elevation models and 3D models, or to interface with a third-party software to enable easy, seamless solutions for all kinds of industry applications, such as digital twins, smart cities and BIM.
"The prominent features of the Nano P60 are its high stability, point density and intelligence," said Robert Kletzli, Founder and CTO of LidarSwiss. "This lidar-enabled system addresses the critical gap of 3D accuracy with traditional camera and stereo imaging technologies. Now, instead of needing two images to see a single point and detect its elevation, Nano P60 utilizes lidar's intrinsic 3D imaging capabilities to achieve maximized efficiency, making real-time processing and analytics possible. Cepton's Sora lidar is among the most compact, lightweight lidar sensors that we have tested and offers an unparalleled combination of high resolution, longer range in the same category and cost efficiency. Its unique lidar architecture allows seamless integration, making Nano P60 a true plug-and-play system with solid-state reliability."
Klaus Wagner, Director of Product Management and Marketing at Cepton, says: "We are proud to be supporting LidarSwiss and its customers with our lidar technology to unlock applications such as 3D modeling for BIM, historical site mapping, terrain modeling for heavy vegetation areas, volumetric calculations for mining, power line inspection and forestry mapping. Our Sora lidar is a one-of-a-kind line scanner that combines high frame rate and long range. Powered by Cepton's proprietary lidar technologies, it is compact, lightweight and rotation-free, making it ideal for small UAV applications."
LidarSwiss will be showcasing its Nano P60 model at INTERGEO, held in Essen, Germany from October 18th to 20th, 2022. Visit LidarSwiss at Booth C3.141 to learn more about its collaboration with Cepton and its comprehensive solution portfolio.”
Where were the buyers last week, they show up out of nowhere after 5 days of company silence, are investors supposed to wait forever until they get a bright idea to go all in with their hacked crypto
Possible secret discovered: .0276 by January 1 as per the ticker symbol AV VH (code: the low at the beginning of 22 is the high at the end of 22)
Big deal in the works here imo, company pre-placed a securities registration in case SP skyrockets so they can raise funds, the registration is not effective yet and requires another filing for shares to be sold, hopefully after SP skyrockets imo
“8:31a ET 10/4/2022 - BusinessWire
Alliance Entertainment to Present at Upcoming October Investor Conferences in Chicago and New York City
Alliance Entertainment Holding Corporation ("Alliance Entertainment"), a distributor and wholesaler of the world's largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, announced today it will present at the MicroCap Rodeo Windy City Roundup Conference being held at the Swissotel in Chicago on October 12 - 13, 2022 and The ThinkEquity Conference taking place at the Mandarin Oriental Hotel in New York City on October 26, 2022.
Alliance Entertainment management will conduct in-person 30-minute one-on-one meetings and deliver the Company's presentations which can be viewed live and via replay at the webcast link available on the Adara Acquisition Corp. investor relations website at www.adaraspac.com.
MicroCap Rodeo Windy City Roundup ConferenceDate: October 12 - 13, 2022Location: ChicagoPresentation Time: October 12, 2022, at 9:00 am CT (7:00 am PT) in TRACK 3Format: In-person 1x1's and PresentationsConference Website: Click here
The ThinkEquity ConferenceDate: October 26, 2022Location: New York CityPresentation Time: October 26, 2022, at 10:30 am ET (7:30 am PT) in South Salon IFormat: In-person 1x1's and PresentationsConference Website: Click here
For more information on the MicroCap Rodeo Windy City Roundup Conference, or The ThinkEquity Conference or to schedule a one-on-one meeting with Alliance Entertainment management, please contact your conference representative or you may also email your request to AENT@mzgroup.us or call Chris Tyson at (949) 491-8235.
On June 23, 2022, Alliance Entertainment announced that it will become publicly listed through a merger transaction with Adara Acquisition Corp. (NYSE: ADRA, ADRA.U, ADRA.WS) ("Adara"), a publicly traded special purpose acquisition company. The transaction is expected to close in the fourth quarter of 2022, at which point the combined company's common stock is expected to trade on the NYSE American under the ticker symbol "AENT".“
“ASSETS
Current assets
Cash
$
9,607
$
724,410
Prepaid expenses
120,833
199,166
Total Current Assets
130,440
923,576
Marketable securities held in Trust Account
116,318,176
116,160,281
TOTAL ASSETS
$
116,448,616
$
117,083,857
LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION, AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accrued expenses
$
569,468
$
440,245
Promissory note
330,000
—
Total Current Liabilities
899,468
440,245
Warrant Liabilities
1,785,600
4,860,800
TOTAL LIABILITIES
2,685,068
5,301,045”
https://ih.advfn.com/stock-market/AMEX/adara-acquisition-ADRA/stock-news/89042264/amended-quarterly-report-10-q-a
“8:33a ET 6/23/2022 - Benzinga
Alliance Entertainment To Become an NYSE American Publicly Traded Company Via Business Combination With Adara Acquisition In $480M Transaction
Alliance Entertainment to Become an NYSE American Publicly Traded Company Via Business Combination with Adara Acquisition Corp. in $480 Million Transaction
Alliance Entertainment is a leading Direct-to-Consumer and eCommerce provider to the Entertainment Industry. Alliance Entertainment is the gateway between leading entertainment brands and retailers offering over 485,000 unique in stock SKUs.
Generated annualized revenue of $1.4 billion and Adjusted EBITDA of $76 million as of March 31, 2022.
Transaction is expected to enable further investment in growth including automating facilities, upgrading proprietary software and positions Alliance Entertainment to increase market share.
Transaction also positions Alliance Entertainment to drive inorganic growth through a roll-up strategy of acquiring and integrating competitors and complementary businesses.
Transaction represents attractive entry valuation based on 6.2x TTM EBITDA for Alliance compared to similar businesses and transactions.
Combined company to have a proforma equity value of approximately $480 million and expected to have an estimated $109 million in gross cash proceeds after closing.
Chairman Bruce Ogilvie and CEO Jeff Walker will continue to lead the combined company, with its current proven management team.
Transaction is expected to close in the fourth quarter, with the combined company anticipated to be listed on the NYSE American under the symbol "AENT".
A joint investor conference call to discuss the proposed transaction will be conducted today, June 23, 2022, at 12:30 PM Eastern time.
Adara Acquisition Corp. ("Adara") (NYSE:ADRA, ADRA.U, ADRA.WS)))), a special purpose acquisition corporation, today announced the signing of a definitive business combination agreement with Alliance Entertainment Holding Corporation ("Alliance Entertainment"), a distributor and wholesaler of the world's largest in stock selection of music, movies, video games, electronics, arcades, and collectibles.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220623005383/en/
Upon closing the combined entity is expected to be listed on the New York Stock Exchange American under the ticker symbols "AENT" and "AENT.WS". Bruce Ogilvie and Jeff Walker will continue to lead the Company as Chairman and CEO, respectively.
Alliance Entertainment Highlights
With more than thirty-five years of distribution experience, Alliance Entertainment serves customers of every size, providing a robust suite of services to resellers and leading retailers worldwide. The Company's efficient processing and essential seller tools noticeably reduce the costs associated with administrating multiple vendor relationships, while helping omni-channel retailers expand their product selection and fulfillment goals.
Alliance stocks over 485,000 unique entertainment products from Microsoft, Nintendo, Activision, Electronic Arts, Sega, Funko, Disney, Warner Home Video, Universal Video, Sony Pictures, Fox, Lionsgate, Paramount, Warner Music, Sony Music, Universal Music, Mattel, Lego, Hasbro, Arcade1Up, and over 500 additional Entertainment product manufacturers.
Through the exclusive distribution divisions of AMPED, Distribution Solutions, and Cokem, Alliance is the exclusive distributor of over 57,300 unique Vinyl, CD, DVD, and Video Game products to retailers worldwide.
eCommerce fulfillment is a cornerstone of Alliance's success and a significant growing division with over 38% of the companies $1.4 billion in sales being delivered directly to consumers homes. In 2021 over 13,845,000 products were delivered as a drop shipper for Amazon, Walmart, Best Buy, Wayfair, GameStop, Kohls, Target, and hundreds of additional eCommerce customers. The DTU division of Alliance also has its own websites and retail brands such as Deepdiscount.com, Popmarket.com, Importcds.com, Critic's Choice Video, Collectors Choice Music, and Movies Unlimited. In addition, the Company has worldwide accounts on eBay, Amazon Marketplace, Discogs, and many more.
Through strategic acquisitions led by Bruce and Jeff, Alliance Entertainment has expanded its relationships with leading media brands and global retailers, as well as diversified its product offerings. As a public company, Alliance Entertainment will enhance its ability to pursue future acquisitions, while also investing in further automation of its distribution facilities and upgrading its proprietary suite of software.
"Alliance Entertainment, with limited capital, has grown into a leading distributor and wholesaler of entertainment products," said Bruce Ogilvie, Chairman of Alliance Entertainment. "We are an essential partner to the best-known entertainment brands and largest retailers. As a public company, we will be well positioned to pursue future strategic combinations that further diversify our products offerings, and to invest further in our operations and proprietary technology."
Jeff Walker, CEO of Alliance Entertainment, added, "Our Company started as a business plan project at UC Irvine which led to the opening of the CD Listening Bar in 1990. Just as Amazon started in books in the 1990's, we saw the opportunity to evolve our music distribution business into a leading eCommerce company serving the biggest brands in the entertainment industry and beyond. Today, with a talented team of over 1,200 employees, and a disciplined focus on service, selection, and technology, we are well positioned to conquer new possibilities as a public company with access to additional growth capital."
Tom Finke, CEO & Chairman of Adara Acquisition Corp., commented, "Alliance Entertainment has built a strong foundation as one of the largest physical media and entertainment product distributors in the world and is a leader in fulfillment and eCommerce distribution. The Company has also expanded the efficiency and environmental efficacy of its operations through a number of ESG efforts. Our business combination will fuel this expansion, with a significant focus on increasing market share, technological advancements, enhanced Direct-to-Consumer relationships and capabilities, and expanding into new consumer products. With a proven track record of accretive acquisitions, the additional capital will enable Alliance Entertainment to effectively execute on its roll-up strategy and accelerate future growth."
Key Transaction Terms
The business combination implies a proforma equity value of the combined company of approximately $480 million. Upon completion of the transaction, and assuming no redemptions by public shareholders of Adara, the current owners of Alliance Entertainment will hold approximately 78% of the combined company and current Adara shareholders will hold approximately 22% of the combined company.
Alliance Entertainment will receive proceeds of $115 million of cash held in trust, less any deferred underwriting commissions, transaction expenses and redemptions by public shareholders of Adara exercising such rights.
The transaction, which has been unanimously approved by Alliance Entertainment's and Adara's boards of directors, is expected to close in the fourth quarter of 2022 and is subject to approval by Adara's stockholders and other customary closing conditions, including any applicable regulatory approvals.
Additional information about the transaction will be provided in a Current Report on Form 8-K that will contain an investor presentation to be filed by Adara with the Securities and Exchange Commission ("SEC") and will be available at www.sec.gov. In addition, Adara intends to file a registration statement on Form S-4 with the SEC, which will include a proxy statement/prospectus, and will file other documents regarding the proposed transaction with the SEC.
Advisors
ThinkEquity LLC is serving as financial advisor to Adara in connection with the business combination. Loeb & Loeb LLP is serving as legal advisor to Alliance Entertainment and Blank Rome LLP is serving as legal advisor to Adara.
Investor Conference Call Information
Mr. Finke, Mr. Ogilvie and Mr. Walker will host the webcast. The webcast will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of Adara Acquisition Corp.'s website here.
Alliance Entertainment and Adara will host a joint investor conference call to discuss the proposed transaction on Thursday, June 23, 2022, starting at 12:30 p.m. ET. Interested parties may listen to the prepared remarks call via telephone by dialing 1-877-704-4453, or 1-201-389-0920 for international callers, and providing the conference ID: 13730913. To view the webcast, please click https://viavid.webcasts.com/starthere.jsp?ei=1556853&tp_key=09d46197cb.
A telephone replay will be available for approximately 30 days. The replay can be accessed by dialing 1-844-512-2921 (domestic toll-free number) or 1-412-317-6671 (international) and providing the pin number: 13730913.
About Alliance Entertainment
Alliance Entertainment is a premier distributor of music, movies, and consumer electronics. We offer 485,000 unique in stock SKU's, including over 57,300 unique compact discs, vinyl LP records, DVDs, Blu-rays, and video games. Complementing our vast media catalog, we also stock a full array of related accessories, toys and collectibles. With more than thirty-five years of distribution experience, Alliance Entertainment serves customers of every size, providing a robust suite of services to resellers and retailers worldwide. Our efficient processing and essential seller tools noticeably reduce the costs associated with administrating multiple vendor relationships, while helping omni-channel retailers expand their product selection and fulfillment goals. For more information visit www.aent.com.
About Adara Acquisition Corp.
Adara raised $115 million in February 2021 and its securities are listed on the NYSE American under the ticker symbols "NYSE: ADRA, ADRA.U, ADRA.WS". Adara is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. Adara is led by its CEO, Thomas Finke (former Chairman and CEO of Barings LLC) and its director, W. Tom Donaldson (founder of Blystone & Donaldson). In addition to Messrs. Finke and Donaldson, Adara's Board of Directors also include Frank Quintero, Dylan Glenn and Beatriz Acevedo-Greiff.
To learn more, please visit: https://www.adaraspac.com
“
This happens every month:
“The dividend of $0.0667 per share of Series A Convertible Preferred Stock”
Those preferred stock holders should tell the CEO to stop that dividend if they don’t need it because it likely drags down the SP imo.
“1:15p ET 6/3/2022 - Dow Jones
SEC Charges Cannabis and SPAC Promoter With Fraud -- Barrons.com
By Bill Alpert
The Securities and Exchange Commission has filed a civil fraud complaint against Martin Sumichrast, alleging that the longtime promoter of small-stock offerings plundered an investment fund he managed, both for his personal benefit and to bolster a cannabis company that is now called cbdMD.
Barron's featured Sumichrast and cbdMD (ticker: YCBD), then called Level Brands, in a 2018 investigation of the small-stock offerings allowed under the SEC's Regulation A+, a rule rolled out after Congress had pushed the agency to make offerings easier for small business. We showed that in the first five years of such offerings, the average Reg A+ stock fell 16% in the six months after its debut, underperforming by 22% relative to the rising universe of small stocks.
Many Reg A+ initial public offerings were organized by veteran promoters like Sumichrast, whose record of poor-performing deals Barron's tracked back to the 1990s. Sumichrast didn't respond to attempts to reach him at the time of the 2018 report or following the SEC charges this week. As of Thursday, no filings listing attorneys for Sumichrast had appeared in the SEC case.
In the complaint, filed Tuesday in a Charlotte, N.C., federal district court, the SEC charges Sumichrast with six counts of fraud. The agency alleges that Sumichrast made unauthorized disbursements from an investment fund he managed, to enrich himself and also to subsidize cbdMD and dress up its financial statements for its RegA+ IPO.
Before it began selling the nonintoxicating cannabis product cannabidiol, or CDB, Sumichrast's company promoted brands affiliated with the onetime swimsuit model, Kathy Ireland. In an allegedly self-dealing transaction, the SEC charges, Sumichrast had the fund pay $475,000 for shares in a failing company, to fortify a men's lifestyle venture founded and operated by Ireland, cbdMD's "chief brand strategist."
Filings by cbdMD said its business was "materially dependent upon our continued relationship with kathy ireland(R) Worldwide, Ms. Ireland and her affiliates." but she wasn't an officer of Sumichrast's company and isn't named in the SEC fraud complaint. A representative for Ireland didn't respond to a request for comment.
In a statement Wednesday, cbdMD noted that the SEC fraud allegations mention dealings between Sumichrast and cbdMD, but don't allege wrongdoing by cbdMD. Since the SEC seeks to bar Sumichrast from serving as an officer or director of any public company, and Sumichrast is chairman and CEO of cbdMD, the company has formed a board committee to review the case's implications, it said.
CbdMD's press release said that Sumichrast has agreed to cooperate fully with the board's committee, "while focusing on executing cbdMD's commitment to remaining one of the nation's leading and most highly trusted and recognized CBD companies."
The SEC complaint also notes that cbdMD sponsored a special purpose acquisition company called Adara Acquisition (ADRA), which raised $100 million in a February 2021 IPO. Sumichrast was Adara's chief executive until Wednesday, when the SPAC announced he was resigning in light of the SEC charges. Like cbdMD, Adara lists on the New York Stock Exchange, where its shares were trading at $9.87 on Thursday.
When cbdMD came public as Level Brands in 2017, it was the largest Reg A+ offering ever, with its IPO at $6. The stock edged above $7 after the company rebranded itself cbdMD in 2019 to emphasize its CBD products. By 2022, it had subsided to penny stock levels. After this week's SEC complaint against Sumichrast, the stock slipped from Tuesday's opening price of 72 cents to a Friday price of 57 cents.
CbdMD is the second of the stocks featured in our 2018 Reg A+ examination to draw SEC attention. In 2019, the cryptocurrency firm Longfin and three affiliated individuals settled fraud allegations and disgorged $25 million.
Write to Bill Alpert at william.alpert@barrons.com
(END) Dow Jones Newswires
June 03, 2022 13:15 ET (17:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.”
The shelf registration isn’t effective yet meaning they would have to file another document to be able to sell those shares
Long way to go imo:
“10:49a ET 9/30/2022 - Benzinga
Coffee Holding Inks Merger & Share Exchange Agreement With Delta Corp Holdings
Coffee Holding Co Inc (NASDAQ: JVA) has entered into a definitive merger and share exchange agreement with a Bulk & Energy logistics holding company, Delta Corp Holdings Limited.
Coffee Holding and Delta will each become wholly owned subsidiaries of a newly created holding company incorporated under the laws of the Cayman Islands, Delta Corp Holdings Limited (Pubco).
The combined public company will have an implied diluted pro forma enterprise value of approximately $655 million.
The transaction will be completed at a 127% premium to Coffee Holding's stock price, translating into an implied price per share of $5.50.
Delta shareholders will become the majority shareholders of Pubco.
The deal is expected to close in the first quarter of 2023.
The newly formed company is expected to trade on Nasdaq under the ticker symbol "DLOG."
Coffee Holding held $1.4 million in cash and equivalents as of July 31, 2022.
Price Action: JVA shares are trading lower by 1.03% at $2.40 on the last check Friday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Worth a look here imo
186 dollars a share in August
“12:50p ET 8/26/2022 - Dow Jones
Jianzhi Education ADSs Rally on Nasdaq Debut
By Stephen Nakrosis
The American depositary shares of Jianzhi Education Technology Group Company Ltd. soared on their trading debut on Nasdaq Friday, rising dramatically before giving back some gains.
The company, which provides digital educational content in China, said it priced its initial public offering of 5 million ADSs at $5 each. Each ADS represents two shares of the company, Jianzhi Education said.
At 12:35 p.m. ET, the company's ADSs were trading at $40.59. Volume at the time was just under 358,000 ADSs.
The ADSs, which trade under the symbol JZ, opened the day at $126 and climbed to as high as $186.01 earlier in the session.
Trading in the ADSs was paused several times Friday due to volatility.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 26, 2022 12:50 ET (16:50 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.“
186 dollars a share in August
12:50p ET 8/26/2022 - Dow Jones
Jianzhi Education ADSs Rally on Nasdaq Debut
Mentioned: JZ
By Stephen Nakrosis
The American depositary shares of Jianzhi Education Technology Group Company Ltd. soared on their trading debut on Nasdaq Friday, rising dramatically before giving back some gains.
The company, which provides digital educational content in China, said it priced its initial public offering of 5 million ADSs at $5 each. Each ADS represents two shares of the company, Jianzhi Education said.
At 12:35 p.m. ET, the company's ADSs were trading at $40.59. Volume at the time was just under 358,000 ADSs.
“The ADSs, which trade under the symbol JZ, opened the day at $126 and climbed to as high as $186.01 earlier in the session.
Trading in the ADSs was paused several times Friday due to volatility.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 26, 2022 12:50 ET (16:50 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.“
100 million in annual sales / 14.5 million OS = 6.89
4/12/18 gap at $6.90
The filings reference an LLC having been created, how can a public company be an LLC.
“Item 1.01 Entry into a Material Definitive Agreement & Amendments
On October 4, 2022, RAC Real Estate Acquisition Corp., a wholly owned subsidiary of iMine Corp., (“RAC”) entered into a Limited Liability Company Agreement dated effective October 4, 2022, (the “Agreement”) with, Fixed Pads Holdings, LLC, a South Carolina limited liability company (“Fix Pads”).
As a result of the Agreement, RAC and Fix Pads formed a limited liability company called RAC FIXPADS II, LLC (the “LLC”) incorporated in the state of Delaware. The LLC will continue until terminated pursuant to the Agreement or as provided for under the laws of Delaware. The purpose of the LLC is to purchase, finance, collateralize, improve, rehabilitate, market, sell or lease property, as well as to carry on any lawful business, purpose or activity, except as prohibited by law. The LLC has two members RAC and Fix Pads, both providing an initial contribution to the LLC of $1,000 in exchange for a 50% membership interest represented by an issuance of 1,000 Units of the LLC to each party. Each member is entitled to 1 vote per member. The LLC is managed by a manager, Fix Pads.
The Agreement provides that additional capital contributions of the members will be made to the LLC as follows: (i) Fix Pads will transfer and assign all rights to and incidents of ownership for 60 residential properties it has title, or will have title, to the LLC, as set forth in the Agreement; and (ii) RAC will make additional cash contributions to the capital of the LLC, up to a maximum of $5,214,000, on such dates and in such amounts as requested by the LLC, in the manner set forth in the Agreement.
Under the Agreement profits and losses are allocated by the LLC to the members based on initial cash contributions of the members, the value of the properties contributed by Fix Pads and the additional cash contributions by RAC. Distributions to the members under the Agreement will be made as follows: (i) from the sale of each property by the LLC, the LLC shall distribute $13,000 of the net sale proceeds to RAC and distribute and additional amount to RAC equal to the average RAC additional cash capital contribution per property, the balance net proceeds will be distributed to Fix Pads; (ii) for any property that is leased by the LLC, RAC will have the option to buy such property from the LLC and for any such property that is not bought by RAC, any net rental income will be retained by the LLC and distributed to the members based on (a) further written agreement of the members or (b) if the members are unable to agree then on such terms as provided in the Agreement.
”
Nothing changed, no filing/news, somebody or some group needed to launder some stolen crypto funds is most likely reason for sudden Afterhours burst in SP, they let it settle at 6.66 to let the market know that.