W.P. Carey approves plan for publicly traded spin-off of office portfolio » 07:36 WPC
GBA Presents: House of Gummy-!
- Thread starter stonedinvestor
- Start date
An interest rate of 12%. Is that god or bad? /
Nauticus Robotics Announces Term Loan Financing of up to $20 Million-
Nauticus Robotics
Thu, September 21, 2023 at 7:30 AM EDT/
Nauticus Robotics
Financing From Existing Investors Bolsters Commissioning and Commercialization of Nauticus' Fleet
HOUSTON, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ: KITT), a developer of ocean robots and artificial intelligence for autonomous services to the offshore industries, today announced it has entered into a senior secured term loan agreement (the "Term Loan Agreement") with existing stakeholders, Transocean (NYSE: RIG), ATW Partners, Material Impact, and RCB Equities (collectively, the "Lenders"). The Term Loan Agreement provides Nauticus with up to $20 million in secured term loans (the "Loans"), of which $11.6 million has already been funded.
The Loans are convertible at $6.00 per share of common stock, subject to certain customary anti-dilution adjustments as described in the Term Loan Agreement, at the option of each Lender, until the date that the Loans are no longer outstanding. The Company is actively discussing a larger round of capital with new investors, beyond the available capacity of the Term Loan Agreement, to support its service offering expansion.
"We are thrilled to have secured this funding and we sincerely appreciate the trust and commitment shown by our long-term investors, Transocean, ATW, Material Impact, and RCB. Their continued investment underscores confidence in the company's strategic direction and growth potential," said Nicolaus Radford, CEO of Nauticus. "Our autonomous service offering will have a hugely positive impact on our customers' costs, safety, and the environment. We are excited about the opportunities this financing provides as we continue to build out our fleet of robots."
All obligations under the Loans are secured by a first priority lien on substantially all assets of the Company. The outstanding principal amount of the Loans under the Term Loan Agreement will bear interest at the rate of 12.50% per annum, payable quarterly in arrears on the first day of each calendar quarter commencing April 1, 2024.
// Two parts of that deal are interesting the $6 convert and the fact that the co is actively talking to others, in a way getting one loan helps get others..
Nauticus Robotics Announces Term Loan Financing of up to $20 Million-
Nauticus Robotics
Thu, September 21, 2023 at 7:30 AM EDT/
Nauticus Robotics
Financing From Existing Investors Bolsters Commissioning and Commercialization of Nauticus' Fleet
HOUSTON, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ: KITT), a developer of ocean robots and artificial intelligence for autonomous services to the offshore industries, today announced it has entered into a senior secured term loan agreement (the "Term Loan Agreement") with existing stakeholders, Transocean (NYSE: RIG), ATW Partners, Material Impact, and RCB Equities (collectively, the "Lenders"). The Term Loan Agreement provides Nauticus with up to $20 million in secured term loans (the "Loans"), of which $11.6 million has already been funded.
The Loans are convertible at $6.00 per share of common stock, subject to certain customary anti-dilution adjustments as described in the Term Loan Agreement, at the option of each Lender, until the date that the Loans are no longer outstanding. The Company is actively discussing a larger round of capital with new investors, beyond the available capacity of the Term Loan Agreement, to support its service offering expansion.
"We are thrilled to have secured this funding and we sincerely appreciate the trust and commitment shown by our long-term investors, Transocean, ATW, Material Impact, and RCB. Their continued investment underscores confidence in the company's strategic direction and growth potential," said Nicolaus Radford, CEO of Nauticus. "Our autonomous service offering will have a hugely positive impact on our customers' costs, safety, and the environment. We are excited about the opportunities this financing provides as we continue to build out our fleet of robots."
All obligations under the Loans are secured by a first priority lien on substantially all assets of the Company. The outstanding principal amount of the Loans under the Term Loan Agreement will bear interest at the rate of 12.50% per annum, payable quarterly in arrears on the first day of each calendar quarter commencing April 1, 2024.
// Two parts of that deal are interesting the $6 convert and the fact that the co is actively talking to others, in a way getting one loan helps get others..
Well today is a big day folks. A long standing rule of mine has been proven to be inaccurate.
For many, many years I have held to the axiom that you should noever buy a stock who's name you cannot put into this sentence:" (blank) on my chin. "
How I came up with this I do not know. But over the years it stopped me from investing in a lot of sketchy companies.
Today though I put that research tool to bed as the news has come out>>>>>>>>>>>>>>
Cisco to acquire Splunk for $157 per share in cash, or $28B EV » 07:47 CSCO, SPLK
For many, many years I have held to the axiom that you should noever buy a stock who's name you cannot put into this sentence:" (blank) on my chin. "
How I came up with this I do not know. But over the years it stopped me from investing in a lot of sketchy companies.
Today though I put that research tool to bed as the news has come out>>>>>>>>>>>>>>
Cisco to acquire Splunk for $157 per share in cash, or $28B EV » 07:47 CSCO, SPLK
~~~~~~ $28 Billion! Big Purchase-!
Here we are in our predicted death spiral with the debt ceiling and I am trapped in an uncomfortable position. Last time around I was convinced this was going to sting us because I had very bad embedded memories of losing a fortune when this did not go down the right way years ago. And I raised a great deal of cash probably $250K and.... Nothing.
Forced to buy everything back like a fool.
Now here we are again and if I had my way I'd be fully cashed up again but i have not raised any because this situation simply got kicked down the road till now and why not keep kicking the can until the elections?
I'm tense. A little mistake here can sink you. And maybe I should be in a better cash position but my pride from panicking the 1st time around is keeping me from calling in today....
Not A Good Mental Set Up-
Here we are in our predicted death spiral with the debt ceiling and I am trapped in an uncomfortable position. Last time around I was convinced this was going to sting us because I had very bad embedded memories of losing a fortune when this did not go down the right way years ago. And I raised a great deal of cash probably $250K and.... Nothing.
Forced to buy everything back like a fool.
Now here we are again and if I had my way I'd be fully cashed up again but i have not raised any because this situation simply got kicked down the road till now and why not keep kicking the can until the elections?
I'm tense. A little mistake here can sink you. And maybe I should be in a better cash position but my pride from panicking the 1st time around is keeping me from calling in today....
Not A Good Mental Set Up-
Overseas News:
DLVHF
Delivery Hero
$35.44
+4.44(+14.32%)<-------!!!
Yesterday
Delivery Hero confirms talks on sale of foodpanda business in some markets »11:13
DLVHF
DLVHF
Delivery Hero
$35.44
+4.44(+14.32%)<-------!!!
Yesterday
Delivery Hero confirms talks on sale of foodpanda business in some markets »11:13
DLVHF
Last few days Enphase is coming up alot I don't know why////
https://thefly.com/news.php#
Enphase Energy launches new home energy systems in U.K. »08:08
ENPH
https://thefly.com/news.php#
Enphase Energy launches new home energy systems in U.K. »08:08
ENPH
I use this name alot->
Scorpio Tankers price target raised to $61 from $55 at Deutsche Bank » 07:12 STNG
Scorpio Tankers price target raised to $61 from $55 at Deutsche Bank » 07:12 STNG
The A,B,C's Of Investing
A) WestRock, Smurfit Kappa in talks to merge into $20B company, WSJ says » 09/06 SMFKY, WRK WestRock (WRK)
B) WestRock enters merger agreement with Smurfit Kappa » 09/12 WRK
C) WestRock price target raised to $44 from $34 at Truist » 07:11 WRK
Today WRK got upgraded...
Couple months ago I had formulated a bear thesis for box sotcks.. packaging and this is what WRK does. Perhaps the buyout of Smurfit is because of the Bearish landscape at the time... are we slowing or not! This was when recession was more of a probability.
A) WestRock, Smurfit Kappa in talks to merge into $20B company, WSJ says » 09/06 SMFKY, WRK WestRock (WRK)
B) WestRock enters merger agreement with Smurfit Kappa » 09/12 WRK
C) WestRock price target raised to $44 from $34 at Truist » 07:11 WRK
Today WRK got upgraded...
Couple months ago I had formulated a bear thesis for box sotcks.. packaging and this is what WRK does. Perhaps the buyout of Smurfit is because of the Bearish landscape at the time... are we slowing or not! This was when recession was more of a probability.
Company Profile
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon’s, Good Green, incredibles, and RHYTHM brands. It distributes its products primarily to third-party retail stores, as well as sells finished products directly to consumers in its own retail stores. Green Thumb Industries Inc. was founded in 2014 and is headquartered in Chicago, Illinois.
Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon’s, Good Green, incredibles, and RHYTHM brands. It distributes its products primarily to third-party retail stores, as well as sells finished products directly to consumers in its own retail stores. Green Thumb Industries Inc. was founded in 2014 and is headquartered in Chicago, Illinois.