|Over a week ago|
Thirteen new option listings and two option delistings on September 30th » 08:3009/3009/30/20
AQB, ESTA, FRG, GMHI, HERO, HGEN, LSPD, NBSE, OCFT, PIC, SPI, STIM, VLDR, ASFI, GRAF
New option listings for…
New option listings for September 30th include AquaBounty Technologies (AQB), Establishment Labs Holdings Inc (ESTA), Franchise Group Inc (FRG), Gores Metropoulos Inc (Class A Stock) (GMHI), Global X Video Games and Esports ETF (HERO), Humanigen Inc (HGEN), Lightspeed POS Inc (LSPD), NeuBase Therapeutics Inc (NBSE), OneConnect Financial Technology Co Ltd (ADS) (OCFT), Pivotal Investment Corporation II (Class A Stock) (PIC), SPI Energy (SPI), Neuronetics Inc (STIM), and Velodyne Lidar Inc (VLDR). Option delistings effective September 30th include Asta Funding Inc (ASFI) and Graf Industrial Corp (Units) (GRAF).
Asta Funding completes take-private transaction, to be delisted » 14:2109/2909/29/20
Asta Funding announced…
Asta Funding announced that its merger whereby the company has become a wholly-owned subsidiary of Asta Finance Acquisition, Inc. is complete. The transaction was previously announced on April 8, 2020. Under the terms of the merger agreement, Asta's stockholders will receive $13.10 per share in cash. As a result of the closing of the transaction, Asta's common stock has ceased trading as of today on the NASDAQ Global Select Market and will be delisted.
|Over a month ago|
Asta Funding receives shareholder approval for going-private transaction » 16:0709/2509/25/20
Asta Funding announced…
Asta Funding announced that at a virtual special meeting of stockholders, the company's stockholders voted to adopt the merger agreement pursuant to which the company would become a wholly-owned subsidiary of Asta Finance Acquisition. The transaction was previously announced on April 8.
|Over a quarter ago|
Asta Funding regains compliance with Nasdaq » 16:1906/0106/01/20
Asta Funding previously…
Asta Funding previously received a letter from Nasdaq notifying the company that it had violated Nasdaq Listing Rule 5250 because the company had not yet filed its quarterly report on Form 10-Q for the period ended March 31 with the Securities and Exchange Commission. As previously disclosed, the quarterly report could not be filed by its May 15 deadline without unreasonable effort and expenses due to delays experienced in the collection, compilation and analysis of certain information required to be included in the quarterly report. In its letter, Nasdaq stated that the company had until July 27 to submit a plan to regain compliance. If Nasdaq accepted the company's plan, it could then grant an exception of up to 180 calendar days from the quarterly report's due date, or until November 16, to regain compliance. If Nasdaq did not accept the company's plan, the Company would have had the opportunity to appeal that decision to a Nasdaq Hearings Panel and to request a further stay pending the appeal. Nasdaq's letter has had no immediate effect on the listing or trading of the company's common stock on The Nasdaq Global Select Market. The company filed the quarterly report with the SEC and subsequently received a close-out letter from Nasdaq, which alerted the company that it had regained compliance under Rule 5250.
Asta Funding trading resumes 17:3005/2205/22/20
RBF Capital proposes to acquire Asta Funding for $13 per share in cash » 14:5805/2205/22/20
In a regulatory filing,…
In a regulatory filing, RBF Capital disclosed that on May 22 the firm sent a letter to the board of directors of Asta Funding, proposing to acquire all of the outstanding shares of the company not currently held by RBF for a price of $13.00 per share in cash, representing a 13% premium to the Stern Group's proposed purchase price. RBF is a family office managed by Richard Fullerton and intends to finance the proposed acquisition with internal cash, the filing stated. RBF is "prepared to immediately negotiate a confidentiality agreement, commence due diligence and begin negotiation of definitive documentation for a transaction," the filing added. On April 8, Asta Funding announced that it has entered into a definitive merger agreement under which the Stern Group, comprised of Gary Stern, Ricky Stern and certain related parties, will acquire the outstanding publicly held shares of common stock of Asta through the merger of Asta with a wholly-owned subsidiary of Asta Finance Acquisition, with Asta surviving as a wholly-owned subsidiary of the parent. Each share of outstanding common stock will be purchased for $11.47 in cash.
Asta Funding trading halted, news dissemination 14:4105/2205/22/20
Asta Funding trading resumes 19:1604/0804/08/20
Asta Funding enters into going private transaction » 18:4904/0804/08/20
Asta Funding has entered…
Asta Funding has entered into a definitive merger agreement under which the Stern Group, comprised of Gary Stern, Ricky Stern and certain related parties, will acquire the outstanding publicly held shares of common stock of Asta through the merger of Asta with a wholly-owned subsidiary of Asta Finance Acquisition, with Asta surviving as a wholly-owned subsidiary of Parent. Each share of outstanding common stock will be purchased for $11.47 in cash. The purchase price represents a premium of approximately 36.9% to Asta's closing stock price on April 7. The Merger was unanimously approved by the Asta board on the unanimous recommendation of a special committee of independent directors. The merger is expected to close in Asta's Q3 and is subject to the satisfaction of customary closing conditions as well as the approval by Asta's stockholders other than the Stern Group. Upon closing, Asta will become a privately held company and as such, the company's shares of common stock will no longer be listed or traded on the Nasdaq Global Select Market.
Asta Funding trading halted, news dissemination 18:2604/0804/08/20