AeroCentury Corp., together with its subsidiaries, provides leasing and finance services to regional airlines worldwide. The company primarily engages in leasing its aircraft portfolio consisting of mid-life regional aircraft through operating and finance leases. It also sells aircraft from its operating lease portfolio to third parties, which include other leasing companies, financial services companies, and airlines. As of December 31, 2020, the company's aircraft portfolio consisted of six aircraft held for lease, seven aircraft held for sale, and two aircraft being sold in parts. AeroCentury Corp. was incorporated in 1997 and is headquartered in Burlingame, California.
IPO Year:
Exchange: AMEX
Website: aerocentury.com
PALO ALTO, Calif., Oct. 13, 2021 /PRNewswire/ -- AeroCentury Corp. ("AeroCentury" or the "Company") (NYSE:ACY), today announced that in connection with the Company's exit from Chapter 11 reorganization, as set forth in the Combined Disclosure Statement and Joint Chapter 11 Plan of Reorganization of AeroCentury Corp, and Its Affiliated Debtors Docket No. 0282 (the "Plan") which was previously approved by the U.S. Bankruptcy Court for the District of Delaware on August 31, 2021, the payment of the previously-approved special cash dividend of $0.6468 per share (the "Dividend") to stockholders ("Legacy Shareholders") that hold shares of Common Stock of the Company as of the effective date of th
BURLINGAME, Calif., Sept. 22, 2021 (GLOBE NEWSWIRE) -- In connection with AeroCentury Corp.'s (the "Company") impending exit from Chapter 11 reorganization, as set forth in the Combined Disclosure Statement and Joint Chapter 11 Plan of Reorganization of AeroCentury Corp, and Its Affiliated Debtors Docket No. 0282 (the "Plan"), which Plan was previously described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 31, 2021, the Company today announced details regarding the special dividend (the "Dividend") to be paid to stockholders ("Legacy Shareholders") that hold shares of Common Stock of the Company as of the effective date of the Plan
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PALO ALTO, Calif., March 25, 2022 /PRNewswire/ -- AeroCentury Corp. ("AeroCentury" or the "Company") (NYSE:ACY), today announced that it has completed the Company's previously announced corporate name change from "AeroCentury Corp." to "Mega Matrix Corp." In conjunction with the corporate name change, the Company will begin trading on the NYSE American under the new ticker symbol, "MTMT", effective with the opening of trading on March 28, 2022. "I am beyond excited to share with you our new company name 'Mega Matrix Corp.' to better reflect our expansion into the metaverse and GameFi business. We are entering a technologically advanced age and I believe taking a step into the metaverse world
PALO ALTO, Calif., March 14, 2022 /PRNewswire/ -- AeroCentury Corp. ("AeroCentury" or the "Company") (NYSE:ACY), today announced that it plans to change its name from "AeroCentury Corp." to "Mega Matrix Corp." to better reflect its expansion into Metaverse and Gamefi business. In connection with the corporate name change, the Company also plans to change its trading symbol from "ACY" to "MTMT" to be effective on March 28, 2022. The effective date of the name change will be disclosed in a subsequent news release. About AeroCentury: AeroCentury (the "Company") is a holding compa
PALO ALTO, Calif., March 14, 2022 /PRNewswire/ -- AeroCentury Corp. ("AeroCentury" or the "Company") (NYSE:ACY), today announced it has received written notice from the NYSE American LLC (the "NYSE American") that the Company has regained compliance with continued listing standards outlined in Part 10 of the NYSE American Company Guide (the "Company Guide"). As previously disclosed, the Company received notice from the NYSE American on September 11, 2020 that it was not in compliance with Section 1003(a)(i) – (iii) of the Company Guide. Subsequently, the Company received noti
PALO ALTO, Calif., Jan. 4, 2022 /PRNewswire/ -- AeroCentury Corp. ("AeroCentury" or the "Company") (NYSE:ACY), today announced that its wholly-owned subsidiary, Mega Metaverse Corp. ("MEGA")'s metaverse "alSpace" will starts to take player's registration in the first week of January 2022, for test-play during the test-play period which will last for 7 days for its first mini game "Mano". Additional mini games will be launched in alSapce. To register for test-play, visit: www.alSpace.com. After successful registration, players can get one free testing version of alBot ("alBot T
PALO ALTO, California, Dec. 17, 2021 /PRNewswire/ -- AeroCentury Corp. ("AeroCentury" or the "Company") (NYSE:ACY), today announced that it plans to file a Certificate of Amendment to the Certificate of Incorporation of the Company (the "Certificate of Amendment") to implement a 5-for-1 forward stock split of its issued and outstanding shares of common stock (the "Stock Split"). Each shareholder of record as of December 30, 2021, the record date, will receive four (4) additional shares of common stock for each share held as of the record date. No fractional shares of common stock will be issued in connection with the Stock Split. Instead, all shares will be rounded up to the next whole share
PALO ALTO, Calif., Dec. 10, 2021 /PRNewswire/ -- AeroCentury Corp. ("AeroCentury" or the "Company") (NYSE:ACY), today announced that it launched its GameFi business in the metaverse ecosystem through its wholly-owned subsidiary, Mega Metaverse Corp., a California company incorporated on October 20, 2021 ("MEGA"). MEGA plans to release its first NFT game "Mano" in first quarter of 2022. Mano is a competitive idle role-playing game (RPG) deploying the concept of GameFi in the innovative combination of NFTs (non-fungible token) and DeFi (decentralized finance) based on blockchain technology, with a "Play-to-earn" model that the players can earn while they play in MEGA's metaverse universe "alSp
PALO ALTO, Calif., Nov. 19, 2021 /PRNewswire/ -- AeroCentury Corp. ("AeroCentury" or the "Company") (NYSE:ACY), today announced financial results for its fiscal third quarter ended September 30, 2021. As previously reported, the Company and its U.S. subsidiaries previously filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Court on March 29, 2021. On August 31, 2021, the Bankruptcy Court confirmed the Company's Plan of Reorganization. On September 30, 2021, the Company completed its Chapter 11 restructuring process and emerged from its Chapter 11 bankruptcy. Financial Highlights: Net income in the third quarter of 2021 was $27.5 million as compared to a net loss of $4.
PALO ALTO, Calif., Oct. 13, 2021 /PRNewswire/ -- AeroCentury Corp. ("AeroCentury" or the "Company") (NYSE:ACY), today announced that in connection with the Company's exit from Chapter 11 reorganization, as set forth in the Combined Disclosure Statement and Joint Chapter 11 Plan of Reorganization of AeroCentury Corp, and Its Affiliated Debtors Docket No. 0282 (the "Plan") which was previously approved by the U.S. Bankruptcy Court for the District of Delaware on August 31, 2021, the payment of the previously-approved special cash dividend of $0.6468 per share (the "Dividend") to stockholders ("Legacy Shareholders") that hold shares of Common Stock of the Company as of the effective date of th
PALO ALTO, Calif., Sept. 30, 2021 (GLOBE NEWSWIRE) -- AeroCentury Corp. ("AeroCentury" or the "Company") (NYSE:ACY), today announced the closing of the sale of an aggregate 2,870,927 shares of Common Stock of the Company at $3.85 per share, for an aggregate cash purchase price of approximately $11 million (the "Transaction") pursuant to the Securities Purchase Agreement (the "Securities Purchase Agreement") between and among Yucheng Hu, Hao Yang, Jing Li, Yeh Ching, Yu Wang, TongTong Ma, Qiang Zhang, Yanhua Li, and Yiyi Huang (collectively, the "Plan Sponsors") and AeroCentury. The Transaction was previously approved by the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptc
BURLINGAME, Calif., Sept. 22, 2021 (GLOBE NEWSWIRE) -- In connection with AeroCentury Corp.'s (the "Company") impending exit from Chapter 11 reorganization, as set forth in the Combined Disclosure Statement and Joint Chapter 11 Plan of Reorganization of AeroCentury Corp, and Its Affiliated Debtors Docket No. 0282 (the "Plan"), which Plan was previously described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 31, 2021, the Company today announced details regarding the special dividend (the "Dividend") to be paid to stockholders ("Legacy Shareholders") that hold shares of Common Stock of the Company as of the effective date of the Plan
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-Reuters
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