Connect with us

News

RMR Real Estate Income Fund Announces Annual Meeting Results and Changes to Board of Trustees

gbafNews28

RMR Real Estate Income Fund (NYSE American: RIF) today announced the results of its 2020 Annual Meeting of Shareholders which was held earlier today as follows:

John L. Harrington was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders votes cast for this Trustee is as follows:

 

Trustee

 

Percentage of Shares Voted For*

John L. Harrington

 

86.8%

* All common and preferred shareholders of the Fund voting as a single class.

The proposal for all investment advisory and management agreements between RMR Real Estate Income Fund and RMR Advisors to be terminated by the Fund was not properly presented at the meeting. Had it been, it would have been rejected by shareholders.

Proposal

Percentage of Shares Outstanding Voted for*

Termination of RMR Agreements

21.1%

*All common and preferred shareholders of the Fund voting as a single class.

In addition, Joseph L. Morea resigned from his position as an Independent Trustee, effective immediately. Mr. Morea advised the Board that the reasons for his resignation were not the result of any disagreement with RIF. The Board of Trustees, based on the recommendation of RIFs Nominating Committee, elected Barbara D. Gilmore as an Independent Trustee, effective immediately.

Ms. Gilmore served as a professional law clerk at the United State Bankruptcy Court, Eastern Division of the District of Massachusetts, from 2015 until her retirement in 2018, and prior to that, at the United States Bankruptcy Court, Central Division of the District of Massachusetts, from 2001 to 2015. Ms. Gilmore was a partner of the law firm of Sullivan & Worcester LLP from 1993 to 2000.

About RMR Real Estate Income Fund (NYSE American: RIF)

RIF has historically operated as closed end investment company advised by RMR Advisors LLC. RMR Advisors LLC is a wholly owned subsidiary of The RMR Group LLC, an alternative asset management company. The RMR Group LLC is the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), which is headquartered in Newton, MA. On April 16, 2020, shareholders approved RIFs conversion from a registered investment company to a commercial mortgage REIT and amended RIFs fundamental investment policies and restrictions to permit RIF to pursue its new business. RIF will begin to realign its portfolio so that it is no longer an investment company under the Investment Company Act of 1940 and file an application with the SEC for a Deregistration Order in due course. RIF intends to sell its existing investments and transition its portfolio into commercial mortgages as opportunities within the new investment scope arise and subject to applicable compliance requirements and other business considerations. If the SEC issues a deregistration order, the Board of Trustees anticipates RIF would thereafter terminate its existing investment advisory agreement and enter into a new management agreement with its Advisor or an affiliate of the Advisor to provide day-to-day management.

Colleen Bilafer, Associate, Investor Relations

(617) 796-8253

www.rmrfunds.com

News

Halo Labs Completes Issuance of Shares to Independent Consultants, Directors, Employees and Suppliers

gbafNews28

Halo Labs Inc. (Halo or the Company) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announced the issuance of 15,566,078 common shares of the Company to certain independent consultants, directors, employees, and suppliers of the Company, in lieu of cash consideration (the Compensation Shares) at a price of C$0.10 per Compensation Share, being the closing price of the common shares of the Company on September 4, 2020.

Kiran Sidhu, Chief Executive Officer of the Company, stated The willingness of our consultants, over the past 12 months, to satisfy certain of the Companys obligations in shares has helped us conserve cash as we navigated the recent volatility in global markets. Following the launch of our at-the-market financing program and the recently announced promissory note that provides the Company with $14 million in available funds, we are now positioned to shift away from satisfying debt through share issuances and ready to focus on using our available capital to drive growth and increase shareholder value.

The Company has also issued 2,000,000 warrants (Compensation Warrants) to an independent consultant. The Compensation Warrants have an exercise price of $0.10 and have an expiry date of one year from the date of issuance.

The Company’s issuance of 15,566,078 Compensation Shares is in satisfaction of approximately C$1,556,608 in fees, payables, and other compensation accrued between April 2020 and August 2020 and payable to related parties, independent consultants of the Company and a supplier of the Company. All of the Compensation Shares were issued pursuant to an exemption from the prospectus requirement of applicable securities laws. 7,723,835 of the Compensation Shares issued are subject to a statutory hold period expiring on the date that is four (4) months and one day from the date of issuance. 3,015,993 Compensation Shares were issued to related parties (within the meaning of Multilateral Instrument 61-101 “ Protection of Minority Security Holders in Special Transactions (MI 61-101)).

In connection with the above transaction, certain related parties for the purposes of MI 61-101 received Compensation Shares and the issuances thereto are considered related party transactions for the purposes of MI 61-101. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Company is exempt from the formal valuation requirement in section 5.4 and the minority shareholder approval requirement in section 5.6 of MI 61-101 as the fair market value of the subject matter of, nor the fair market value of the consideration, for the transaction, insofar as it involves related parties, is not more than 25% of the Companys market capitalization.

In addition, Michael Sebour and Jeremy Hayes, each an independent consultant of the Company, received 4,826,250 and 6,345,000 Compensation Shares, respectively, as part of the issuance. Mr. Sebour provided Rental Services and services related to post merger integration in connection with the Company’s recent acquisition of Ukiah Ventures Inc. Mr. Hayes provides superfiltration consulting services to the Company.

About Halo

Halo is a leading, vertically-integrated cannabis company that cultivates, extracts, manufactures and distributes quality cannabis flower, oils, and concentrates, and has sold approximately six million grams of oils and concentrates since inception. Halo continues to scale efficiently, partnering with trustworthy leaders in the industry, who value their operational expertise in bringing top-tier products to market. Current growth includes expansion in key markets in the United States and Africa, with planned geographic expansion into U.K. and Canadian markets. With a consumer-centric focus, Halo markets value-driven, branded, and private-label products across multiple product categories.

Halo is led by a strong, diverse and innovative management team, with deep industry knowledge and blue-chip experience. The Company is currently operating in the United States in California, Oregon, and Nevada. Internationally, the Company is currently cultivating cannabis at Bophelo Bioscience & Wellness (Pty) Ltd, in Lesotho under a 200-hectare license and is planning importation and distribution of CBPMs into the United Kingdom via Canmart.

Halo Labs

Investor Relations

[email protected]

Continue Reading

News

COVID-19 Recovery Analysis: Copper Sulfate Market | Growth In The Copper Market to Boost the Market Growth | Technavio

gbafNews28

Technavio has been monitoring the copper sulfate market and it is poised to grow by 81.03 K MT during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Beneut Enterprise Co. Ltd., Blue Line Corp., Changsha Haolin Chemicals Co. Ltd., Highnic Group, JX Nippon Mining & Metals Corp., Merck KGaA, Noah Technologies Corp., Old Bridge Chemicals Inc., Sumitomo Metal Mining Co. Ltd., and Univertical LLC are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Growth in the copper market has been instrumental in driving the growth of the market. However, an increasing number of substitutes for copper sulfate might hamper market growth.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Copper sulfate Market 2020-2024: Segmentation

Copper sulfate Market is segmented as below:

  • Application
    • Agriculture
    • Chemical
    • Others
  • Geographic Landscape
    • APAC
    • North America
    • Europe
    • South America
    • MEA

Copper sulfate Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The copper sulfate market report covers the following areas:

  • Copper sulfate Market Size
  • Copper sulfate Market Trends
  • Copper sulfate Market Industry Analysis

This study identifies the increasing demand for copper sulfate in the agricultural industry as one of the prime reasons driving the copper sulfate market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Copper sulfate Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist copper sulfate market growth during the next five years
  • Estimation of the copper sulfate market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the copper sulfate market
  • Analysis of the markets competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of copper sulfate market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application by Volume

  • Market segments
  • Comparison by Application by Volume
  • Agriculture – Market size and forecast 2019-2024
  • Chemical – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by Application by Volume

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Beneut Enterprise Co. Ltd.
  • Blue Line Corp.
  • Changsha Haolin Chemicals Co. Ltd.
  • Highnic Group
  • JX Nippon Mining & Metals Corp.
  • Merck KGaA
  • Noah Technologies Corp.
  • Old Bridge Chemicals Inc.
  • Sumitomo Metal Mining Co. Ltd.
  • Univertical LLC

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

Continue Reading

News

AirNet Announces Receipt of Deficiency Letter from Nasdaq

gbafNews28

BEIJING, Sept. 19, 2020 /PRNewswire/ — AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced that it received a notification letter dated September 16, 2020 (the "Deficiency Letter") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that the Company is no longer in compliance with the Nasdaq Listing Rule 5550(b)(1) for continued listing due to its failure to maintain a minimum of $2.5 million in stockholders’ equity. In the Company’s Form 20-F for the fiscal year ended December 31, 2019, the Company reported a negative stockholders’ equity of approximately $19 million. Nasdaq also determined that the Company does not meet the alternatives of market value of listed securities or net income from continuing operations for continued listing.

The Deficiency Letter does not result in the immediate delisting of the Company’s ordinary shares represented by American depositary shares on the Nasdaq Capital Market. The Company has 45 calendar days from the date of the Deficiency Letter, or until November 2, 2020, to submit a plan (the "Compliance Plan") to Nasdaq to regain compliance with the minimum stockholders’ equity standard. If the Compliance Plan is accepted by Nasdaq, the Company may be granted a compliance period of up to 180 calendar days from the date of the Deficiency Letter to evidence compliance. However, since Nasdaq previously notified the Company that its bid price compliance period expires on December 10, 2020, the Compliance Plan shall also set forth a plan to address the minimum bid price requirement by such date.

The Company’s management is looking into various options available to regain compliance and maintain its continued listing on the Nasdaq Capital Market. The Company intends to submit the Compliance Plan as soon as practicable.

This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency.

About AirNet

Incorporated in 2007 and headquartered in Beijing, China, AirNet provides in-flight solutions to connectivity, entertainment and digital multimedia in China. Collaborating with its partners, AirNet empowers Chinese airlines with seamlessly immersive Internet connections through a network of satellites and land-based beacons, provides airline travelers with interactive entertainment and a coverage of breaking news, and furnishes corporate clients with advertisements tailored to the perceptions of the travelers. For more information, please visit http://ir.ihangmei.com.  

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "is expected to," "anticipates," "aim," "future," "intends," "plans," "believes," "are likely to," "estimates," "may," "should" and similar expressions, and include, without limitation, statements regarding the development of the COVID-19 pandemic and its impact on the Company’s business operations. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements are based upon management’s current expectations and current market and operating conditions, and involve inherent risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause its actual results, performance or achievements to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but not limited to the following: its ability to achieve and maintain profitability; its ability to continuously improve its solutions and services enabling inflight connectivity; its ability to compete effectively against its competitors; the expected growth in consumer spending, average income levels and advertising spending levels; the growth of the inflight connectivity industry in China; and government policies affecting the inflight connectivity industry in China. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

 

Related Links :

http://ir.ihangmei.com/

Continue Reading
gbafNews28 gbafNews28
News2 hours ago

Halo Labs Completes Issuance of Shares to Independent Consultants, Directors, Employees and Suppliers

Halo Labs Inc. (Halo or the Company) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announced the issuance of 15,566,078 common...

gbafNews28 gbafNews28
News2 hours ago

COVID-19 Recovery Analysis: Copper Sulfate Market | Growth In The Copper Market to Boost the Market Growth | Technavio

Technavio has been monitoring the copper sulfate market and it is poised to grow by 81.03 K MT during 2020-2024,...

gbafNews28 gbafNews28
News2 hours ago

LAIX Inc. Announces Changes in Board and Committee Composition

SHANGHAI, Sept. 19, 2020 /PRNewswire/ — LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in...

gbafNews28 gbafNews28
News2 hours ago

AirNet Announces Receipt of Deficiency Letter from Nasdaq

BEIJING, Sept. 19, 2020 /PRNewswire/ — AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE),...

gbafNews28 gbafNews28
News2 hours ago

Spectrio Named to Inc. Magazine’s 2020 List of America’s Fastest-Growing Private Companies

Spectrio, one of the nations leading providers of customer engagement technology, announced that it is on Inc. Magazines annual Inc....

gbafNews28 gbafNews28
News3 hours ago

Condor Hospitality Announces Termination of Merger Agreement With NHT Operating Partnership

Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the “Company”) today announced that it has terminated its merger agreement with NHT...

gbafNews28 gbafNews28
News3 hours ago

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against NanoViricides, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors...

gbafNews28 gbafNews28
News3 hours ago

Biotechnology Reagents Market – Roadmap for Recovery from COVID-19 | Presence of High-throughput to Boost the Market Growth | Technavio

Technavio has been monitoring the biotechnology reagents market and it is poised to grow by USD 37.87 billion during 2020-2024,...

gbafNews28 gbafNews28
News3 hours ago

INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Nikola Corporation

The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District...

gbafNews28 gbafNews28
News3 hours ago

BlackRock Announces Product Updates to Seven iShares ETFs

BlackRock, Inc. (NYSE: BLK) today announced plans to make product updates to a total of seven iShares ETFs, including stock...