Federal Services International (formerly FDSA.OB) has changed its name to ATC Corporation. The new stock symbols for its securities are ATCT.OB, ATCTW.OB and ATCTU.OB.
Juniper Partners Acquisition has changed its name to Juniper Content. Its Series B common shares have all been converted into Series A common shares and no longer trade. The new stock symbols for its securities are JNPC.OB, JNPCW.OB, JNPCZ.OB, JNPCU.OB (Series A units) and JNPBU.OB (Series B units).
BULK has raised $71.2 million through the exercise of over 32 million of its warrants:
Navios Maritime Holdings Inc. Announces Successful Conclusion of Tender Offer
Monday January 29, 8:00 am ET
PIRAEUS, Greece, Jan. 29 /PRNewswire-FirstCall/ -- Navios Maritime Holdings Inc. ("Navios") is pleased to announce that the tender offer closed successfully upon expiration of the tender offer period, on January 26, 2007, at 5:01 p.m., New York City time.
Under the tender offer, 32,140,128 warrants (65% of the warrants outstanding) were exercised, of which 14,237,557 warrants were exercised by payment of the $5.00 exercise price and 17,902,571 warrants were exercised by exchange of warrants. As a result of the exercise of warrants:
- $71,187,785 of cash proceeds were raised
- 19,925,580 new shares of common stock were issued
Following the issuance of the shares relating to the warrant exercise, Navios will have 82,013,707 shares of common stock outstanding. The 17,431,592 million warrants remaining outstanding after the tender offer will expire in accordance with their terms on December 9, 2008.
Angeliki Frangou, Navios's Chairman and CEO, stated "I am pleased with the overwhelming success of the tender program. Our shareholders understood the institutional imperative of simplifying our capital structure, and we have reduced warrants outstanding from approximately 80% to approximately 21% of our shares outstanding."
Of the warrants exercised, 1,634,422 warrants were exercised under the provisions of the tender offer providing for the notice of guaranteed delivery. It is expected that the exercise of these warrants will be completed by no later than January 31, 2007.
Questions regarding the completed tender offer may be directed to Continental Stock Transfer & Trust Company, the Depositary, at (212) 509-4000, ext. 536, or Morrow & Co., Inc., the Information Agent, at (800) 607-0088.
This news release is merely a notification of the results of the tender offer and is neither an offer to sell nor a solicitation of an offer to buy any securities. The tender offer was made only through an Offer Letter dated December 28, 2006, and related materials.
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