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Sierra Wireless Announces Results of Annual Shareholders’ Meeting and Appointment of New Directors

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Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) (Sierra Wireless or the Company) is pleased to announce the results from its annual general and special meeting of shareholders (Shareholders) held on May 21, 2020, (the Meeting) and the appointment of three new independent directors to the Board of Directors of the Company (the Board).

Results of the Meeting

All of the nine nominees proposed by management for election to the Board at the Meeting and listed in the Companys Management Information Circular dated April 20, 2020, (the Circular) were elected to the Board. The directors will remain in office until the next annual meeting of Shareholders, or until their successors are elected or appointed.

The results of the vote on the election of directors are as follows:

 

Director

 

Votes in Favour

 

Votes Withheld

 

Number of Votes

Percentage (%)

Number of Votes

Percentage (%)

Gregory D. Aasen

16,516,793

95.88%

710,445

4.12

Robin A. Abrams

16,566,046

96.16%

661,192

3.84

Russell N. Jones

16,731,536

97.12%

495,702

2.88

Lori M. ONeill

16,754,240

97.25%

472,998

2.75

Thomas Sieber

16,762,256

97.30%

464,982

2.70

Kent P. Thexton

16,623,928

96.50%

603,310

3.50

Gregory L. Waters

16,766,993

97.33%

460,244

2.67

James R. Anderson

16,764,978

97.32%

462,260

2.68

Karima Bawa

16,746,586

97.21%

480,651

2.79

The other items of business at the Meeting were to (i) appoint Ernst & Young LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and to authorize the directors to fix the remuneration of the auditors; (ii) approve certain amendments to the Companys Amended and Restated 1997 Stock Option Plan and to approve all unallocated entitlements thereunder; (iii) approve certain amendments to the Companys 2011 Treasury Based Restricted Share Unit Plan; (iv) approve an advisory resolution to accept the Companys approach to executive compensation; (v) approve an amendment to, and the restatement of, the Companys Amended and Restated By-Law No. 1; and (vi) authorize the Company to amend its articles to increase the maximum number of directors of the Company from nine to twelve.

By resolution passed by way of a show of hands, Ernst & Young LLP, Chartered Professional Accountants, were appointed as auditors of the Company for the ensuing year. Proxies received as of the proxy cut-off time on May 19, 2020 with respect to the reappointment of Ernst & Young LLP, Chartered Professional Accountants were voted as follows:

Votes For

% Votes For

Votes Withheld

% Votes Withheld

26,295,855

99.34%

175,432

0.66%

By resolution passed by way of ballot, the Shareholders approved certain amendments to and all of the unallocated options, rights and entitlements under the Companys Amended and Restated 1997 Stock Option Plan (the Option Plan), as more particularly described in the Companys Management Information Circular dated April 20, 2020 (the Circular), as follows:

Votes For

% Votes For

Votes Against

% Votes Against

12,586,014

73.06%

4,641,224

26.94%

By resolution passed by way of ballot, the Shareholders approved certain amendments to the Companys 2011 Treasury Based Restricted Share Unit Plan (the Treasury RSU Plan), as more particularly described in the Circular, as follows:

Votes For

% Votes For

Votes Against

% Votes Against

12,630,650

73.32%

4,596,587

26.68%

By resolution passed by way of ballot, the Shareholders approved a non-binding resolution approving the compensation of the Companys named executive officers, as follows:

Votes For

% Votes For

Votes Against

% Votes Against

12,727,726

73.88%

4,499,510

26.12%

By resolution passed by way of a show of hands, the Shareholders approved the amendment to, and restatement of, the Companys Amended and Restated By-Law No. 1 (By-Law No. 1), as more particularly described in the Circular. Proxies received as of the proxy cut-off time on May 19, 2020 with respect to the Amendment and Restatement of By-Law No. 1 were voted as follows:

Votes For

% Votes For

Votes Against

% Votes Against

16,761,781

97.30%

465,026

2.70%

By resolution passed by way of a show of hands, the Shareholders approved a special resolution authorizing the Company to apply for a certificate of amendment under the CBCA to amend its Articles to increase the maximum number of directors of the Company from nine to twelve (the Board Expansion Resolution), as more particularly described in the Circular. Proxies received as of the proxy cut-off time on May 19, 2020 with respect to the amendment of the Articles were voted as follows:

Votes For

% Votes For

Votes Against

% Votes Against

16,678,338

96.82%

548,468

3.18%

No other business was voted upon at the Meeting.

Appointment of New Directors

Further to the Companys previous press releases dated April 16, 2020 and May 6, 2020, the Company is pleased to announce the appointment of Thomas K. Linton, Martin Mc Court and Mark Twaalfhoven to the Board following the approval of the Board Expansion Resolution at the Meeting.

About Sierra Wireless

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is the leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy. Companies globally are adopting IoT to improve operational efficiency, create better customer experiences, improve their business models and create new revenue streams. Whether it is an integrated solution to help a business securely connect edge devices to the cloud, or a software/API service to help manage processes associated with billions of connected assets, or a platform to extract real-time data to make the best business decisions, Sierra Wireless will work with you to develop the right industry-specific solution for your next IoT endeavor. Sierra Wireless has more than 1,300 employees globally and operates R&D centers in North America, Europe and Asia. For more information, visit www.sierrawireless.com.

Connect with Sierra Wireless on the IoT Blog at http://www.sierrawireless.com/iot-blog, on Twitter at @SierraWireless, on LinkedIn at http://www.linkedin.com/company/sierra-wireless and on YouTube at http://www.youtube.com/SierraWireless.

Sierra Wireless is a registered trademark of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.

Media Contact:

Kim Homeniuk

+1 (604) 233-8028

[email protected]

Investor Contact:

David Climie

+1 (604) 231-1137

[email protected]

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

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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]

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

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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.

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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/

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AirNet Announces Receipt of Deficiency Letter from Nasdaq

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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/

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

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