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Farmmi (NASDAQ:FAMI) Reports Proposed Underwritten Public Offering of Ordinary Shares and Pre-Funded Warrants to Purchase Ordinary Shares

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Farmmi (NASDAQ:FAMI) reported that the company plans to offer in an underwritten public offering ordinary shares and pre-funded warrants to purchase ordinary shares (“Offering”). The pre-funded warrants shall be offered at the same price per share as the ordinary shares, less the $0.001 per share exercise price of each pre-funded warrant. The Company intends to use the net proceeds from this offering for general corporate and working capital needs and capital expenditures. The ordinary shares are trading on The Nasdaq Capital Market under the symbol “FAMI.” The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.

Aegis Capital Corp. is acting as the sole book-running manager for the offering.

The Offering is being made pursuant to an effective shelf registration statement on Form F-3 (No 333-254036) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on March 16, 2021. A preliminary prospectus supplement and accompanying prospectus describing the terms of the Offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th floor, New York, NY 10019, by email at syndicate@aegiscap.com, or by telephone at (212) 813-1010. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.

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.

Wayne Lam writes for Finance section of website. He has been a freelance journalist for 8 years, contributing to different online publications. In his free time, he likes to indulge in outdoor activities, binge watch HBO GO series and catch local bands playing. Wayne graduated from University with a BBA in Management with a concentration in Consulting and Business Analysis. He is currently based in USA, and can be reached at Wayne@technologymalt.com.

ADDRESS # 2071 Princeton Avenue, Jersey City, NJ 07305, USA

CONTACT # 201-283-9241

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Finance

News Spotlight: American Finance Trust (NASDAQ:AFIN) announces its financial and operating results

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American Finance Trust (NASDAQ:AFIN) changed 0.11% to recent value of $9.17. The stock transacted 456493 shares during most recent day however it has an average volume of 541.61K shares. It spotted trading -29.97% off 52-week high price. On the other end, the stock has been noted 118.33% away from the low price over the last 52-weeks.

On Feb. 24, 2021, American Finance Trust (NASDAQ:AFIN) a real estate investment trust focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties located primarily in the U.S., disclosed  its financial and operating results for the quarter and year ended December 31, 2020.

Fourth Quarter 2020 and Subsequent Events Highlights        

  • Revenue increased 1% to $77.2 million from $76.2 million in the fourth quarter 2019
  • Net loss attributable to common stockholders was $8.6 million, or $0.08 per diluted common share, compared to a net loss of $4.8 million, or $0.04 per diluted common share for the fourth quarter 2019
  • Cash Net Operating income (Cash NOI) grew by 2% to $58.7 million as compared to $57.7 million for the fourth quarter 2019
  • Funds from Operations (FFO) grew by 14% to $25.5 million, or $0.23 per diluted share, compared to $22.4 million, or $0.21 per diluted share, for the fourth quarter 2019
  • Adjusted Funds from Operations (AFFO) increased 3% to $26.1 million, or $0.24 per diluted share, from $25.2 million, or $0.24 per diluted share, in the prior year fourth quarter and increased 2.4% from $25.5 million, or $0.23 per share in the third quarter 2020
  • Raised gross proceeds of $88.4 million from a public offering of 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock
  • Conservative Net Leverage1 of 40.2% and ample Liquidity2 of $228.9 million at year end
  • Closed on the acquisition of 35 properties for an aggregate contract purchase price3 of $61.3 million at a weighted average capitalization rate of 9.2%4
  • Collected over 96% of cash rent due in fourth quarter 20205, including 99% in single tenant portfolio, 88% in the multi-tenant portfolio, and 99% among the top 20 tenants6

 AFIN has a gross margin of 73.40% and an operating margin of 14.20% while its profit margin remained -14.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained 91.80% for this year.

 The company has 108.43M of outstanding shares and 108.35M shares were floated in the market. The price moved ahead of 14.01% from the mean of 20 days, 16.93% from mean of 50 days SMA and performed 24.82% from mean of 200 days price. Company’s performance for the week was 9.17%, 18.48% for month and YTD performance remained 23.42%.

Wayne Lam writes for Finance section of website. He has been a freelance journalist for 8 years, contributing to different online publications. In his free time, he likes to indulge in outdoor activities, binge watch HBO GO series and catch local bands playing. Wayne graduated from University with a BBA in Management with a concentration in Consulting and Business Analysis. He is currently based in USA, and can be reached at Wayne@technologymalt.com.

ADDRESS # 2071 Princeton Avenue, Jersey City, NJ 07305, USA

CONTACT # 201-283-9241

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Notable News to Watch: Primo Water Corporation (NYSE:PRMW)

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Primo Water Corporation (NYSE:PRMW) spotted trading -9.75% off 52-week high price. On the other end, the stock has been noted 128.12% away from the low price over the last 52-weeks. The stock changed -0.07% to recent value of $14.44. The stock transacted 1297319 shares during most recent day however it has an average volume of 989.61K shares. The company has 159.93M of outstanding shares and 155.10M shares were floated in the market.

On Oct. 8, 2020, Primo Water Corporation (NYSE:PRMW) released that its wholly owned subsidiary, Primo Water Holdings Inc. (the Issuer), priced the previously announced private placement offering of €450 million in aggregate principal amount of senior notes (the Notes). The Notes will mature on October 31, 2028 and interest on the Notes will accrue and be payable semi-annually in arrears on April 30 and October 31 of each year, commencing on April 30, 2021 at the rate of 3.875% per annum. The settlement of the Notes is anticipated to occur on or about October 22, 2020, subject to customary closing conditions. The Notes will be guaranteed by Primo and certain of its existing subsidiaries that are obligors under the Company’s senior secured credit facility, 5.50% Senior Notes due 2024 (the 2024 Notes) and 5.50% Senior Notes due 2025.

The net proceeds from this offering, together with borrowings under the Company’s revolving credit facility, will be used to redeem all of Primo’s outstanding 2024 Notes and to pay the related premium, fees and expenses (the Redemption).

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities, nor does it constitute an offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

Its earnings per share (EPS) expected to touch remained -100.30% for this year while earning per share for the next 5-years is expected to reach at 23.70%. PRMW has a gross margin of 54.00% and an operating margin of -2.60% while its profit margin remained -5.30% for the last 12 months.

According to the most recent quarter its current ratio was 0.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.64% from the mean of 20 days, 1.31% from mean of 50 days SMA and performed 10.87% from mean of 200 days price. Company’s performance for the week was 1.26%, 5.02% for month and YTD performance remained 5.56%.

Wayne Lam writes for Finance section of website. He has been a freelance journalist for 8 years, contributing to different online publications. In his free time, he likes to indulge in outdoor activities, binge watch HBO GO series and catch local bands playing. Wayne graduated from University with a BBA in Management with a concentration in Consulting and Business Analysis. He is currently based in USA, and can be reached at Wayne@technologymalt.com.

ADDRESS # 2071 Princeton Avenue, Jersey City, NJ 07305, USA

CONTACT # 201-283-9241

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Finance

Notable News to Focus: The Lockheed Martin Corporation (NYSE:LMT)

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The Lockheed Martin Corporation (NYSE:LMT) stock observed trading -12.62% off 52-week high price. On the other end, the stock has been noted 45.32% away from low price over the last 52-weeks. The stock disclosed a move of 0.06% away from 50 day moving average and 0.61% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.52% off 20-day moving average. It has market cap of $108.32B and dividend yield of 2.48%.

On Sept. 25, 2020, The Lockheed Martin Corporation (NYSE:LMT) board of directors has authorized a fourth quarter 2020 dividend of $2.60 per share, representing an increase of $0.20 per share over last quarter. The dividend is payable on Dec. 24, 2020, to holders of record as of the close of business on Dec. 1, 2020.

Additionally, the corporation’s board has authorized the purchase of up to an additional $1.3 billion of Lockheed Martin common stock under its share repurchase program. With this increase, total authorization for future repurchases under the share repurchase program is approximately $3 billion. The number of shares purchased and the timing of purchases are at the discretion of management and subject to compliance with applicable law and regulation.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

The USA based company Lockheed Martin Corporation moved with change of 2.10% to $386.7 with the total traded volume of 1373604 shares in recent session versus to an average volume of 1.21M shares. The stock was observed in the 5 days activity at -2.14%. The one month performance of stock was -2.21%. LMT’s shares are at 8.39% for the quarter and driving a -1.58% return over the course of the past year and is now at -0.69% since this point in 2018.  Right now the stock beta is 0.93. The average volatility for the week and month was at 3.04% and 2.42% respectively. There are 279.80M shares outstanding and 279.33M shares are floated in market.

 

Wayne Lam writes for Finance section of website. He has been a freelance journalist for 8 years, contributing to different online publications. In his free time, he likes to indulge in outdoor activities, binge watch HBO GO series and catch local bands playing. Wayne graduated from University with a BBA in Management with a concentration in Consulting and Business Analysis. He is currently based in USA, and can be reached at Wayne@technologymalt.com.

ADDRESS # 2071 Princeton Avenue, Jersey City, NJ 07305, USA

CONTACT # 201-283-9241

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