4 - Horizon Global Corp (0001637655) (Issuer)

4 - Horizon Global Corp (0001637655) (Issuer)

4 - Horizon Global Corp (0001637655) (Issuer)

4 - Horizon Global Corp (0001637655) (Issuer)

4 - Horizon Global Corp (0001637655) (Issuer)

4 - Horizon Global Corp (0001637655) (Issuer)

4 - Horizon Global Corp (0001637655) (Issuer)

4 - Horizon Global Corp (0001637655) (Issuer)

4 - Horizon Global Corp (0001637655) (Issuer)

4 - Horizon Global Corp (0001637655) (Issuer)

Horizon Global Corporation (NYSE:HZN) (the "Company"), announced today that the Company's Board of Directors (the "Board") appointed John C. Kennedy as Interim President and Chief Executive Officer. Kennedy will continue to serve as Chair of the Board. This appointment follows the Board's acceptance of Terrence G. Gohl's resignation from his executive positions and as a director. "We remain focused on our strategic alternatives process, with our clear objective being to enhance shareholder value," stated Kennedy. "We look forward to providing an update on this process when appropriate. Further, as we assess the best long-term path for the Company, we are determined to leverage our best-in-

Horizon Global Corporation (NYSE:HZN), one of the world's leading manufacturers of branded towing and trailering equipment, announced today that the Company's Board of Directors appointed Jian James Zhou as Chief Financial Officer, effective immediately. Mr. Zhou most recently served as executive vice president and chief financial officer for Joyson Safety Systems, a leading global supplier of mobility safety components and systems. Prior to joining Joyson, Mr. Zhou served as vice president and chief financial officer for Tesla China and supported Tesla's successful entry into China's electric vehicle market. Mr. Zhou previously served in divisional chief financial officer roles for Ingers

Horizon Global Corporation (NYSE:HZN), the world's leading manufacturer of branded towing and trailering equipment, announced today that the Company's Board of Directors appointed Donna M. Costello as a Director, effective June 16, 2021. Ms. Costello was appointed to the Board's Audit Committee. Ms. Costello has extensive experience as both a public company executive and board member, with deep financial expertise and a proven track record as a strategic business leader across multiple industries. Ms. Costello previously served as Chief Financial Officer of C&D Technologies ("C&D"), a manufacturer and marketer of systems for power conversion and storage of electrical power, from 2016 to 20

First Brands Group, LLC ("First Brands") and Horizon Global Corporation ("Horizon Global") today announced that following the successful completion of First Brands' tender offer to purchase (a) any and all issued and outstanding shares of common stock of Horizon Global (NYSE:HZN) at a price of $1.75 per share (the "Common Stock Offer Price"), and (b) any and all issued and outstanding shares of Series B preferred stock of Horizon Global at a price equal to the Redemption Price (pursuant to the Certificate of Designations, Preferences and Rights of Series B Preferred Stock of Horizon Global Corporation) per share of Series B preferred stock calculated as of the closing date of the acquisitio

First Brands Group, LLC ("First Brands") and Horizon Global Corporation ("Horizon Global") today announced that First Brands' tender offer to purchase (a) any and all issued and outstanding shares of common stock of Horizon Global (NYSE:HZN) at a price of $1.75 per share (the "Common Stock Offer Price"), and (b) any and all issued and outstanding shares of Series B preferred stock of Horizon Global at a price equal to the Redemption Price (pursuant to the Certificate of Designations, Preferences and Rights of Series B Preferred Stock of Horizon Global Corporation) per share of Series B preferred stock calculated as of the closing date of the acquisition of Horizon Global (the "Preferred Sto

Horizon Global Corporation (NYSE:HZN) ("Horizon Global"), one of the world's leading manufacturers of branded towing and trailering equipment, today announced it has entered into a definitive merger agreement with First Brands Group, LLC ("First Brands"), a global automotive parts manufacturer that serves the worldwide automotive aftermarket, pursuant to which First Brands will acquire Horizon Global (the "Transaction"). The terms of the Transaction include an all-cash tender offer, which upon successful closing will entitle each stockholder of Horizon Global's common stock to receive cash consideration of $1.75 per share. Highlights of the Transaction: The Transaction will result in a c

Horizon Global Corporation (NYSE:HZN) (the "Company"), announced today that the Company's Board of Directors (the "Board") appointed John C. Kennedy as Interim President and Chief Executive Officer. Kennedy will continue to serve as Chair of the Board. This appointment follows the Board's acceptance of Terrence G. Gohl's resignation from his executive positions and as a director. "We remain focused on our strategic alternatives process, with our clear objective being to enhance shareholder value," stated Kennedy. "We look forward to providing an update on this process when appropriate. Further, as we assess the best long-term path for the Company, we are determined to leverage our best-in-

Horizon Global Corporation (NYSE:HZN) (the "Company") announced today that it received a notice November 7, 2022 (the "Notice") from the New York Stock Exchange (the "NYSE") indicating that the Company is no longer in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company's common stock was less than $1.00 per share over a consecutive 30 trading-day period. The Company will notify the NYSE of its intent to cure the stock price deficiency and return to compliance with the continued listing standard. The Company can regain compliance at any time within the six-month cure period following receipt of the Notice, if, on the last tradin

Third Quarter Summary Strategic alternatives process ongoing with objective to maximize shareholder value Focus on margin improvement through commercial actions, key business initiatives and cost structure optimization Net sales of $149.0 million $47.5 million decrease from third quarter of 2021 Gross profit of $16.7 million $22.1 million decrease from third quarter of 2021 Gross profit margin(4) decreased to 11.2% from 19.7% in third quarter of 2021 Net loss of $25.7 million $22.9 million deterioration from third quarter of 2021 Adjusted EBITDA(1) of $(5.9) million $18.9 million decrease from third quarter of 2021 Horizon Global Corporation (NYSE:HZN), one o

Horizon Global (NYSE:HZN) announced today that it will host a conference call regarding the Company's third quarter 2022 results on Wednesday, November 9, 2022, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global's President and Chief Executive Officer Terry Gohl, and James Zhou, Chief Financial Officer. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 825-9786 and from outside the U.S. at (412) 902-4185. Please ask to join the Horizon Global call. The third quarter 2022 results and supplemental materials, including a presentation in PDF format, will be distributed before the market opens on No

Experience the ultimate in sway control and weight distribution. All-in-one system features pro-active sway control to resist trailer sway before it begins! Horizon Global Corporation (NYSE:HZN), one of the world's leading manufacturers of branded towing and trailering equipment, announced today the launch of its all-in-one towing solution, the REESE® Dual Cam™ II (part numbers: 66091, 66092, 66093). The newly redesigned, integrated weight distribution and sway control system is now available for purchase at REESE dealers nationwide, www.reeseprod.com, and automotive aftermarket e-commerce sites. This press release features multimedia. View the full release here: https://www.businesswire.c

Second Quarter Summary Net sales of $181.2 million $40.9 million decrease from second quarter of 2021 Gross profit of $20.7 million $26.6 million decrease from second quarter of 2021 Gross profit margin(4) decreased to 11.4% from 21.3% in second quarter of 2021 Net loss of $22.4 million $23.4 million deterioration from second quarter of 2021 Adjusted EBITDA(1) of $(3.9) million $21.9 million decrease from second quarter of 2021 Issued $41.0 million of Series B Preferred Stock in exchange for $40.0 million of Convertible Senior Notes ("Convertible Notes"), which were cancelled effective June 27, 2022 Remaining $85.0 million of Convertible Notes repaid on July 1,

Horizon Global Corporation (NYSE:HZN), one of the world's leading manufacturers of branded towing and trailering equipment, today announced that the Company's Board of Directors has authorized the review of strategic alternatives to enhance shareholder value. Such strategic alternatives could involve a sale of a portion or the entirety of the business. "Our objective is to maximize shareholder value," stated Horizon Global's Board Chair John C. Kennedy. "We have received inbound interest in the Company and, given this level of interest, the Board has made the decision to review strategic alternatives. We believe there is significant value tied to our best-in-class products, iconic brands a

Third Quarter Summary Strategic alternatives process ongoing with objective to maximize shareholder value Focus on margin improvement through commercial actions, key business initiatives and cost structure optimization Net sales of $149.0 million $47.5 million decrease from third quarter of 2021 Gross profit of $16.7 million $22.1 million decrease from third quarter of 2021 Gross profit margin(4) decreased to 11.2% from 19.7% in third quarter of 2021 Net loss of $25.7 million $22.9 million deterioration from third quarter of 2021 Adjusted EBITDA(1) of $(5.9) million $18.9 million decrease from third quarter of 2021 Horizon Global Corporation (NYSE:HZN), one o

Horizon Global (NYSE:HZN) announced today that it will host a conference call regarding the Company's third quarter 2022 results on Wednesday, November 9, 2022, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global's President and Chief Executive Officer Terry Gohl, and James Zhou, Chief Financial Officer. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 825-9786 and from outside the U.S. at (412) 902-4185. Please ask to join the Horizon Global call. The third quarter 2022 results and supplemental materials, including a presentation in PDF format, will be distributed before the market opens on No

Second Quarter Summary Net sales of $181.2 million $40.9 million decrease from second quarter of 2021 Gross profit of $20.7 million $26.6 million decrease from second quarter of 2021 Gross profit margin(4) decreased to 11.4% from 21.3% in second quarter of 2021 Net loss of $22.4 million $23.4 million deterioration from second quarter of 2021 Adjusted EBITDA(1) of $(3.9) million $21.9 million decrease from second quarter of 2021 Issued $41.0 million of Series B Preferred Stock in exchange for $40.0 million of Convertible Senior Notes ("Convertible Notes"), which were cancelled effective June 27, 2022 Remaining $85.0 million of Convertible Notes repaid on July 1,

Horizon Global (NYSE:HZN) announced today that it will host a conference call regarding the Company's second quarter 2022 results on Tuesday, August 9, 2022, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global's President and Chief Executive Officer Terry Gohl, and James Zhou, Chief Financial Officer. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 825-9786 and from outside the U.S. at (412) 902-4185. Please ask to join the Horizon Global call. The second quarter 2022 results and supplemental materials, including a presentation in PDF format, will be distributed before the market opens on Augu

First Quarter Summary Net sales of $180.9 million $18.3 million decrease from first quarter of 2021 Gross profit of $20.2 million $20.4 million decrease from first quarter of 2021 Gross profit margin(4) decreased to 11.2% from 20.4% in the first quarter of 2021 Net loss of $27.0 million $11.8 million deterioration from first quarter of 2021 Adjusted EBITDA(1) of $(6.6) million $19.3 million reduction from first quarter of 2021 Horizon Global Corporation (NYSE:HZN), one of the leading manufacturers of branded towing and trailering equipment, today reported financial results for the first quarter of 2022. "We are extremely disappointed with our results for the fir

Horizon Global (NYSE:HZN) announced today that it will host a conference call regarding the Company's first quarter 2022 results on Thursday, May 5, 2022, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global's President and Chief Executive Officer Terry Gohl, and Dennis Richardville, Chief Financial Officer. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 825-9786 and from outside the U.S. at (412) 902-4185. Please ask to join the Horizon Global call, conference identification number 10165103. The first quarter 2022 results and supplemental materials, including a presentation in PDF format, wil

Fourth Quarter Highlights Net sales of $164.3 million $11.6 million decrease from fourth quarter of 2020 Gross profit of $16.0 million $16.9 million decrease from fourth quarter of 2020 Gross profit margin(4) decreased to 9.7% from 18.7% in the fourth quarter of 2020 Net loss from continuing operations of $16.2 million $10.3 million deterioration from fourth quarter of 2020 Adjusted EBITDA(1) of $(8.0) million $15.3 million decrease from fourth quarter of 2020 Full Year Highlights Net sales of $782.1 million $120.9 million increase compared to prior year Gross profit of $142.6 million $22.0 million increase compared to prior year Gross profit margin

Horizon Global (NYSE:HZN) announced today that it will host a conference call regarding the Company's fourth quarter and full year 2021 results on Thursday, March 10, 2022, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global's President and Chief Executive Officer Terry Gohl, and Dennis Richardville, Chief Financial Officer. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 825-9786 and from outside the U.S. at (412) 902-4185. Please ask to join the Horizon Global call, conference identification number 10155642. The fourth quarter and full year 2021 results and supplemental materials, including

Horizon Global Corporation (NYSE:HZN), one of the leading manufacturers of branded towing and trailering equipment, today announced an amendment to the agreement governing its term loan with Atlantic Park Strategic Capital Fund, L.P. ("Atlantic Park") and the execution of a commitment letter to issue, solely at the Company's option, up to $40.0 million of a new Series B Preferred Stock to Corre Partners Management, L.L.C. ("Corre") to facilitate meeting the Company's upcoming convertible note maturity. In addition, the Company announced its preliminary fourth quarter and full year financial results for the period ended December 31, 2021. Term Loan Agreement Amendment and Series B Preferred

Third Quarter Highlights Net sales of $196.5 million in a period impacted by rising commodity costs and global supply chain constraints $5.0 million decrease compared to third quarter of 2020 Gross profit of $38.8 million $4.6 million decrease from third quarter of 2020 Gross profit margin(4) decreased to 19.7% from 21.5% in the third quarter of 2020 Operating profit of $6.3 million $2.3 million decrease from third quarter of 2020 Net loss from continuing operations of $2.8 million $4.4 million decrease from third quarter of 2020 Adjusted EBITDA(1) of $13.0 million $3.1 million decrease from third quarter of 2020 Horizon Global Corporation (NYSE:HZN), one o

Horizon Global's (NYSE:HZN) short percent of float has fallen 3.03% since its last report. The company recently reported that it has 60 thousand shares sold short, which is 0.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.2 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes

Gainers Horizon Global Corporation (NYSE:HZN) shares surged 341% to $1.7161 after the company announced it will be acquired by First Brands Group. Jasper Therapeutics, Inc. (NASDAQ:JSPR) gained 257% to $1.70 after the company announced clinical data from a Phase I/II trial of briquilimab as a conditioning treatment in sickle cell disease and beta thalassemia. ReShape Lifesciences Inc. (NASDAQ:RSLS) shares jumped 142.3% to $16.34. Reshape Lifesciences recently announced a 1-for-50 reverse stock split. Lucira Health, Inc. (NASDAQ:LHDX) surged 68% to $0.1875 after the company announced it submitted an Emergency Use Authorization application to the FDA for OTC use of its COVID-19 & Flu tes

Gainers Horizon Global (NYSE:HZN) stock moved upwards by 339.8% to $1.71 during Tuesday's regular session. Trading volume for this security as of 12:30 EST is 3.6 million, which is 6461.0% of its average full-day volume over the last 100 days. The company's market cap stands at $47.4 million. EpicQuest Education Group (NASDAQ:EEIQ) stock rose 32.12% to $2.92. As of 12:30 EST, EpicQuest Education Group's stock is trading at a volume of 80.2K, which is 181.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $33.6 million. Boxed (NYSE:BOXD) shares rose 29.14% to $0.25. The current volume of 1.7 million shares is 216.1% of Boxed's avera

Gainers Horizon Global (NYSE:HZN) stock increased by 339.8% to $1.71 during Tuesday's pre-market session. The market value of their outstanding shares is at $47.4 million. Moxian (BVI) (NASDAQ:MOXC) shares increased by 19.68% to $0.54. The market value of their outstanding shares is at $19.1 million. Kaixin Auto Hldgs (NASDAQ:KXIN) shares moved upwards by 12.51% to $0.33. The company's market cap stands at $65.0 million. Mullen Automotive (NASDAQ:MULN) stock moved upwards by 11.15% to $0.32. The market value of their outstanding shares is at $527.4 million. Volta (NYSE:VLTA) shares rose 9.73% to $0.39. The market value of their outstanding shares is at $67.6 million. Party City Holdco

Towing and trailering equipment producer Horizon Global Corp (NYSE:HZN) has entered into a definitive merger agreement with First Brands Group LLC. First Brands will acquire Horizon Global for $1.75 per share in an all-cash deal. The transaction represents a 31% premium to the trading price before the strategic alternative announcement in August 2022, and over 350% premium to the last closing price of $0.3888. Horizon's portfolio of towing and trailering brands will complement First Brand's portfolio of braking solutions, filters, wiper blades, gas springs, spark plugs and fuel and water pumps. "After consideration of a number of different alternatives, the Board believes this Transact

Horizon Global Corporation (NYSE:HZN) ("Horizon Global"), one of the world's leading manufacturers of branded towing and trailering equipment, today announced it has entered into a definitive merger agreement with First Brands Group, LLC ("First Brands"), a global automotive parts manufacturer that serves the worldwide automotive aftermarket, pursuant to which First Brands will acquire Horizon Global (the "Transaction"). The terms of the Transaction include an all-cash tender offer, which upon successful closing will entitle each stockholder of Horizon Global's common stock to receive cash consideration of $1.75 per share.

Gainers Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) shares jumped 259% to $229.35 after the company announced resmetirom achieved both primary endpoints in NASH and liver fibrosis trial. Axcella Health Inc. (NASDAQ:AXLA) shares rose 153% to $0.4105. Axcella Health shares dipped 63% on Friday after SVB Leerink downgraded the stock from Outperform to Market Perform and lowered its price target from $6 to $2. Camber Energy, Inc. (NYSE:CEI) shares climbed 103% to $0.1257 after the company announced an anticipated effective date of December 21, 2022 for its previously-announced 1-for-50 reverse stock split. Qumu Corporation (NASDAQ:QUMU) gained 98.2% to $0.8722 after Enghouse Systems anno

Horizon Global Corporation (NYSE:HZN) (the "Company"), announced today that the Company's Board of Directors (the "Board") appointed John C. Kennedy as Interim President and Chief Executive Officer. Kennedy will continue to serve as Chair of the Board. This appointment follows the Board's acceptance of Terrence G. Gohl's resignation from his executive positions and as a director. "We remain focused on our strategic alternatives process, with our clear objective being to enhance shareholder value," stated Kennedy. "We look forward to providing an update on this process when appropriate. Further, as we assess the best long-term path for the Company, we are determined to leverage our best-in-c

Gainers AGBA Group Holding Limited (NASDAQ:AGBA) gained 50.7% to close at $6.78 on Friday. FOXO Technologies Inc. (NYSE:FOXO) shares surged 46.9% to close at $0.6520 on Friday. Foxo Technologies recently announced management changes and delayed filing of Form 10Q. PaxMedica, Inc. (NASDAQ:PXMD) jumped 37.4% to close at $2.13 on Friday after the company announced an equity investment agreement for up to $20 million with Lincoln Park Capital. Mercurity Fintech Holding Inc. (NASDAQ:MFH) gained 32.9% to close at $1.05. Yatra Online, Inc. (NASDAQ:YTRA) shares surged 32.6% to close at $2.81. Yatra Online's Indian subsidiary, Yatra Online Limited, received the final observation from the Secu