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Fortune Rise Acquisition Corporation Announces Termination of Business Combination Agreement with Water On Demand, Inc. and Subsequent Liquidation AccessWire Read the
SARASOTA, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) — Oragenics, Inc. (NYSE: OGEN), a biotechnology company advancing innovative treatments for brain-related health conditions, today announced the conversion of its remaining outstanding convertible Series A and Series B Preferred Shares into common stock. The conversion helps simplify the company’s capital structure and eliminates approximately $2.35 million in liquidation preference, effectively removing a significant overhang on the company’s stock.
Holders of the Company’s remaining 5,417,000 Series A Preferred Shares and 4,050,000 Series B Preferred Shares exercised their right to convert their shares into a total of approximately 22,000 common shares. The…
Court-appointed receivers and monitors who take control of companies now routinely bill about $1,100 an hour. These fees are considered senior claims in a bankruptcy or restructuring, so the advisers get their cheques before anyone else gets repaid.Adrien Veczan/The Canadian Press
In 2010, brothers Sam and Jasvir Johal started a used-truck dealership in Mississauga, and over the next decade their business grew at a blistering pace across Canada and the United States. As it expanded, Pride Group Holdings Inc. morphed into a conglomerate that offered new and used truck sales, leasing and financing, logistics, equipment maintenance, fuel sales and roadside rescue.
State health officials have taken the first step — creating a template — toward their pledge of sharing North Carolina’s innovative medical debt relief blueprint with other states.
The N.C. Department of Health and Human Services unveiled last week its medical debt toolkit website that features its groundbreaking collaboration with the state’s 99 hospitals who volunteered to participate.
The key to the N.C. collaboration is the hospitals agreeing to eliminate $4 billion in medical debt owed by an estimated 2 million low- and middle-income households.
Hospitals would forgive more than a decade of existing medical debt for eligible North Carolinians and prevent the accumulation of new debt going…
State health officials have taken the first step — creating a template — toward their pledge of sharing North Carolina’s innovative medical debt relief blueprint with other states.
The N.C. Department of Health and Human Services unveiled last week its medical debt toolkit website that features its groundbreaking collaboration with the state’s 99 hospitals who volunteered to participate.
The key to the N.C. collaboration is the hospitals agreeing to eliminate $4 billion in medical debt owed by an estimated 2 million low- and middle-income households.
Hospitals would forgive more than a decade of existing medical debt for eligible North Carolinians and prevent the accumulation of new debt going…
This week, 33 abortion funds around the country will receive $50,000 from the Debt Collective, a union of debtors best known for its actions around student loans. The money is part of the Debt Collective’s Rolling Jubilee Fund, a project of canceling debt in almost all fields of American life, whether it be medical debt, probation debt, or student loan debt.
Abortion debt didn’t become a widespread phenomenon until after the Dobbs ruling that overturned Roe v. Wade, Astra Taylor of the Debt Collective told me. As states’ policies on abortion diverged dramatically, pregnant people in red states where the practice was banned were forced to cross state lines for abortion care. The travel often costs thousands of dollars,…
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SBI had moved the plea to initiate insolvency proceedings against Gopinath in 2022, when NCLT issued notice and appointed Bhuvaneshwari as Gopinath’s RP.
The case has progressed at a snail’s pace since then, owing to pendency of challenges to provisions relating to personal guarantors under the IBC before the Supreme Court. The apex court ultimately upheld the validity of the provisions in November 2023.
A personal guarantor is an individual who provides a written commitment to a lender, assuring repayment of a loan or credit facility taken by a company. If the company defaults on its obligations, the guarantor’s personal assets may be seized by the lender to recover the outstanding amount.
