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Nice day. Nice execution
OT; Still dizzy from the earthquake? This will fix it. You have positional vertigo
Ouch.
FSRN. heads up
https://www.sec.gov/Archives/edgar/data/1720990/000119312524075463/d814200dpre14a.htm
PRELIMINARY PROXY STATEMENT—SUBJECT TO COMPLETION
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
[?], 2024
Dear Stockholder:
You are cordially invited to attend a special meeting of stockholders of Fisker Inc. (the “Company”). The special meeting will be held on Wednesday, April 24, 2024 at 8:00 a.m., Pacific Time, online via live webcast available at www.virtualshareholdermeeting.com/FSR2024SM2 (such meeting, including any adjournment or postponement thereof, the “Special Meeting”) for the following purposes:
1. To approve, for purposes of the rules of the New York Stock Exchange (the “NYSE”), the potential issuance of more than 19.99% of the outstanding shares of Class A Common Stock, par value $0.00001 per share (the “Class A Common Stock”), upon conversion of the 2024 Notes as described below (the “Stock Issuance Proposal”);
2. To adopt an amendment to the Company’s Second Amended and Restated Certificate of Incorporation, as amended (the “Charter”) to increase the total number of shares of Class A Common Stock that the Company will have authority to issue from 2,000,000,000 shares to 4,000,000,000 shares (the “Authorized Shares Proposal”); and
3. To adopt an amendment to our Charter to, at the discretion of our Board of Directors (the “Board”), effect a reverse stock split (the “Reverse Stock Split”) with respect to our issued and outstanding Class A Common Stock and Class B common stock, par value $0.00001 per share (“Class B Common Stock”, and together with the Class A Common Stock, the “Common Stock”), and any Common Stock held by the Company as treasury shares, at any time prior to December 31, 2024, at a ratio of 1-for-10 to 1-for-50 (the “Range”), with the ratio within such Range to be determined at the discretion of the Board without further approval or authorization of our stockholders and included in a public announcement (the “Reverse Stock Split Proposal”, and, collectively with the Stock Issuance Proposal and the Authorized Shares Proposal, the “Proposals”).
The forms of amendments implementing the Authorized Shares Proposal and the Reverse Stock Split Proposal are attached to this proxy statement as Annex A and Annex B, respectively.
The Reverse Stock Split Proposal is being submitted to the Company’s stockholders in order to increase the trading price of our Class A Common Stock to meet the minimum per share price requirement for continued listing on the NYSE.
The Stock Issuance Proposal and the Authorized Share Proposal are being submitted to the Company’s stockholders in connection with the transaction described below, which contemplates potential issuances of additional shares of Class A Common Stock by the Company upon conversion of the 2024 Notes (as defined below), which would require approval of our stockholders pursuant to Section 312.03 of the NYSE Listing Manual.
On March 18, 2024, the Company entered into a financing commitment and term sheet (the “Commitment”) with an investor (the “Investor”) providing for the sale of up to $166.67 million in aggregate principal amount of senior secured convertible notes (the “2024 Notes”). The 2024 Notes will have a 10% original issue discount for gross proceeds of up to $150 million (the “Investment Amount”).
The 2024 Notes will be sold pursuant to a definitive securities purchase agreement (the “SPA”) and issued in four tranches, with the first tranche (the “First Tranche”) in an investment amount equal to $35 million and the remaining three tranches (each, an “Additional Draw”) in equal amounts up to the Investment Amount. The Company expects to enter into the SPA (such date, the “SPA Signing Date”) and enter into the First
Nicely played Profit
I never did play AG or GATO since Feb. Damn
You have to give credit and appreciate how these guys are going about this. Wish more companies would follow suit
GM. Smart move on their part
National debt is fast becoming the thorn in the side of the American economy that nobody wants to extract—and it will continue to cause damage, sending the U.S. into financial crisis and 10 years of stagnation.
https://www.yahoo.com/finance/news/america-left-severe-irreversible-scars-113555033.html
Clinton on the border
interesting. If it doesn't happen by sunday then monday it should bounce. Not sure it stops them but the perception will be it does
CBMJ. post on RLTR. Interesting.......took a small position
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174077781
immigration judges. Lawmakers ask why the Biden administration won't let immigration judges talk to the media
https://www.yahoo.com/news/lawmakers-ask-why-biden-administration-190009661.html
WASHINGTON — President Joe Biden’s Justice Department has ordered leaders of the immigration judges union to seek supervisor permission before speaking, which some lawmakers and union leaders see as a move to silence critics of border policy despite Biden saying he is the "most pro-union president" ever.
Lawmakers on both sides of the aisle — from GOP firebrand Rep. Jim Jordan of Ohio., to Progressive Caucus Chair Rep. Pramila Jayapal, D-Wash. — are hounding the administration about its decision, with the issue of immigration and the crisis at the southern border front and center in the months leading up to a critical presidential election.
RLTR. Interesting.......
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174077781
SPZI. Love this part......."The financials for 2022 and 2023 have been prepared to accelerate the audit. To be disclosed in the very near future will be the shipping and delivery of chicken paws, sugar, and more to enable the Company to report these substantial revenues for 2024 and the following years."
Was behind on it. now green. I still own too much.
Flipped my .0051s from yesterday
Heck of a recovery from yesterday
SPZI. Certainly was
Whew. that SPZI update was needed
Just wow....
Wells Fargo Abruptly Terminating Customers’ Bank Accounts, Say Attorneys General in 16 States, Demanding Immediate Freeze on Lender’s Alleged Debanking Practices
https://dailyhodl.com/2024/03/10/wells-fargo-abruptly-terminating-customers-bank-accounts-say-attorneys-general-in-16-states-demanding-immediate-freeze-on-lenders-alleged-debanking-practices/
More than a dozen state attorneys general (AGs) are accusing banking titan Wells Fargo of abruptly terminating customers’ accounts without warning.
In a letter addressed to Wells Fargo CEO Charles Scharf, 16 Republican AGs across the country accuse the trillion-dollar lender of debanking customers in a political and discriminatory manner.
https://dojmt.gov/wp-content/uploads/WF-debanking-letter-Final.pdf
Over done. cheapest in offering was 4 cents
GM. Greek shipper. Classic stuff
DFCO. filing. AS now 500 million reduced from one billion
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/725394/000168316824001447/dalrada_8k.htm
ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR.
On January 6, 2024, the Board of Directors of Dalrada Financial Corporation, a Wyoming corporation (the “Company”) approved a reduction in the number of authorized common shares from 1,000,000,000 (one billion) to 500,000,000 (five hundred million). On March 12, 2024, the Company filed a Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Company
The foregoing description of the Amendment set forth above does not purport to be complete and is qualified in its entirety by reference to the Amendment. A copy of the Amendment is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
DFCO. filing. AS now 500 million reduced from one billion
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/725394/000168316824001447/dalrada_8k.htm
ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR.
On January 6, 2024, the Board of Directors of Dalrada Financial Corporation, a Wyoming corporation (the “Company”) approved a reduction in the number of authorized common shares from 1,000,000,000 (one billion) to 500,000,000 (five hundred million). On March 12, 2024, the Company filed a Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Company
The foregoing description of the Amendment set forth above does not purport to be complete and is qualified in its entirety by reference to the Amendment. A copy of the Amendment is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Moves easily either way so far
caught the falling knife on it
Added a few more SPZI
Added a few more SPZI
Government gets fatter while Americans rack up record-high credit-card debt
https://news.yahoo.com/finance/news/government-gets-fatter-while-americans-120022448.html
Tremendous call Rig
CBMJ Security Details. From OTC. Is this accurate?
Share Structure
Market Cap Market Cap
61,562,997
03/05/2024
Authorized Shares
500,000,000
02/23/2024
Outstanding Shares
38,718,866
02/23/2024
Restricted
31,960,733
02/23/2024
Unrestricted
6,758,133
02/23/2024
Held at DTC
6,282,261
02/23/2024
Back in it. been off the radar awhile. Nice potential
PEGY. This speaks volumes there.....
2. To approve an amendment to the Company’s Amended and Restated Articles of Incorporation to increase the number of authorized shares of the Company’s common stock from 112,500,000 to 2,000,000,000, subject to a proportional downward adjustment for any reverse stock split that is approved and implemented; and
Beauty Alert Zardiw.
PSRHF. boom
Nice start to your week Profit. congrats
Millennials and Gen Z face ‘snowballing and snowballing’ debt as high card balances and interest rates eat into their credit scores
https://www.yahoo.com/finance/news/millennials-gen-z-face-snowballing-154257215.html
Total credit card debt in the U.S. topped $1.13 trillion by the end of 2023,Though it’s not unusual for debt levels to rise with the holidays, that’s the 10th straight quarter of increases. Delinquencies, too, are on the rise.While Americans of all ages are grappling with higher balances, Gen Z and millennials are seeing the largest average increases in total debt and the steepest decline in credit scores, according to data provided to Fortune by personal finance company Credit Karma on tens of millions of member accounts.
PSRHF. One for the watch list. Pretty big Helium news but will take time to develop
Helium discovery in northern Minnesota may be biggest ever in North America
https://www.yahoo.com/news/helium-discovery-northern-minnesota-may-225900218.html
MINNEAPOLIS — Scientists and researchers are celebrating what they call a "dream" discovery after an exploratory drill confirmed a high concentration of helium buried deep in Minnesota's Iron Range.
Thomas Abraham-James, CEO of Pulsar Helium, said the confirmed presence of helium could be one of the most significant such finds in the world.
"There was a lot of screaming, a lot of hugging and high fives. It's nice to know the efforts all worked out and we pulled it off," Abraham-James said.
CBS News Minnesota toured the drill site soon after the drill rig first broke ground at the beginning of February. The discovery happened more than three weeks later at about 2 a.m. Thursday, as a drill reached its depth of 2,200 feet below the surface.
According to Abraham-James, the helium concentration was measured at 12.4%, which is higher than forecasted and roughly 30 times the industry standard for commercial helium.
"12.4% is just a dream. It's perfect," he said.
For decades, the U.S. was the leading exporter of helium, but the former government-run reserves have since been depleted and sold off to private equity. Abraham-James and other researchers have since scoured the globe for other helium deposits to help improve global supply.
Prior to arriving in Minnesota, Abraham-James was working in Tanzania, where another helium discovery was made, but at half the concentration as found in the Iron Range. Russia and Qatar are other major helium exporters.
The inert gas is likely known by most consumers for filling balloons and blimps, but it's actually one of the most sought-after commodities in the world because of its versatility; as a liquid, helium is among the most effective and safest coolants around.
Dr. Grant Larson, a radiologist at Hennepin Healthcare, said the health system's four MRI machines rely on helium to operate.
"We're aware that it could potentially render us vulnerable to not being able to provide access to our patients," Dr. Larson told CBS News Minnesota. "So much of medical decision-making is based on the results of the MRI."
Now that helium is confirmed to be underground in Babbitt, Abraham-James said the next phase of the project is a feasibility study by an independent third party to study the size of the well and whether it could support a full-service helium plant.
"It's not just about drilling one hole, but now proving up the geological models, being able to get some really good data that wasn't captured in the original discovery," he explained. "It has the potential to really contribute to local society."
The company said the feasibility study could take until the end of the year to complete.
Helium discovery in northern Minnesota may be biggest ever in North America
https://www.yahoo.com/news/helium-discovery-northern-minnesota-may-225900218.html
MINNEAPOLIS — Scientists and researchers are celebrating what they call a "dream" discovery after an exploratory drill confirmed a high concentration of helium buried deep in Minnesota's Iron Range.
Thomas Abraham-James, CEO of Pulsar Helium, said the confirmed presence of helium could be one of the most significant such finds in the world.
"There was a lot of screaming, a lot of hugging and high fives. It's nice to know the efforts all worked out and we pulled it off," Abraham-James said.
CBS News Minnesota toured the drill site soon after the drill rig first broke ground at the beginning of February. The discovery happened more than three weeks later at about 2 a.m. Thursday, as a drill reached its depth of 2,200 feet below the surface.
According to Abraham-James, the helium concentration was measured at 12.4%, which is higher than forecasted and roughly 30 times the industry standard for commercial helium.
"12.4% is just a dream. It's perfect," he said.
For decades, the U.S. was the leading exporter of helium, but the former government-run reserves have since been depleted and sold off to private equity. Abraham-James and other researchers have since scoured the globe for other helium deposits to help improve global supply.
Prior to arriving in Minnesota, Abraham-James was working in Tanzania, where another helium discovery was made, but at half the concentration as found in the Iron Range. Russia and Qatar are other major helium exporters.
The inert gas is likely known by most consumers for filling balloons and blimps, but it's actually one of the most sought-after commodities in the world because of its versatility; as a liquid, helium is among the most effective and safest coolants around.
Dr. Grant Larson, a radiologist at Hennepin Healthcare, said the health system's four MRI machines rely on helium to operate.
"We're aware that it could potentially render us vulnerable to not being able to provide access to our patients," Dr. Larson told CBS News Minnesota. "So much of medical decision-making is based on the results of the MRI."
Now that helium is confirmed to be underground in Babbitt, Abraham-James said the next phase of the project is a feasibility study by an independent third party to study the size of the well and whether it could support a full-service helium plant.
"It's not just about drilling one hole, but now proving up the geological models, being able to get some really good data that wasn't captured in the original discovery," he explained. "It has the potential to really contribute to local society."
The company said the feasibility study could take until the end of the year to complete.