Market-Moving News for April 5th
$GRIN
$MDIA
Marine Transportation
Consumer Discretionary
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Consumer Discretionary
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| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 10/16/2023 | Buy → Neutral | Alliance Global Partners | ||
| 7/17/2023 | $12.50 | Neutral → Buy | Alliance Global Partners | |
| 8/3/2022 | $32.00 | Buy | Alliance Global Partners | |
| 4/27/2022 | $26.00 | Buy | Jefferies | |
| 10/28/2021 | $20.00 | Buy | Jefferies |
Transaction Will Create One of the Largest Multicultural Media Platforms in the Country. MediaCo Holding Inc. (NASDAQ:MDIA) ("MediaCo") today announced that it has acquired all of Estrella Media's network, content, digital, and commercial operations. Among the Estrella Media brands joining MediaCo are the EstrellaTV network and its influential linear and digital video content business, and Estrella Media's expansive digital channels, including its four FAST channels – EstrellaTV, Estrella News, Cine EstrellaTV, and Estrella Games – and the EstrellaTV app. The transaction closed on April 17, 2024. MediaCo, which operates marquee urban radio stations HOT 97 and WBLS 107.5 in New York City
SINGAPORE, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company" or "we" or "us" or "our"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced its second half (1) and full year 2023 earnings results for the period ended December 31, 2023. Financial Highlights for the Second Half of the Year Ended December 31, 2023 Revenues of $201.2 millionGross profit of $15.9 millionLoss for the period and attributable to owners of the Company of $10.9 million, or $0.56 per ordinary shareAdjusted net loss of $9.2 million, or $0.47 per ordinary share(2)Adjusted EBITDA of $24.8 m
SINGAPORE, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company" or "we" or "us" or "our"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced it will release its second half and full year 2023 earnings results for the period ended December 31, 2023 on Wednesday, February 28, 2024, after market closing in New York. The Company will not be holding a conference call and webcast to discuss the results. About Grindrod Shipping Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels. The
3 - Mediaco Holding Inc. (0001784254) (Issuer)
3 - Mediaco Holding Inc. (0001784254) (Issuer)
3 - Mediaco Holding Inc. (0001784254) (Issuer)
The number of states where recreational weed is legal is growing each year. Top-selling states like California and Michigan have reported $2.1 billion and $1.6 billion, respectively, in recreational cannabis sales for the first half of 2024, as reported by Green Market Report's Debra Borchardt. California cannabis supremacy can't be argued even though many experts have insisted the state's marijuana market is “on the verge of collapse.” On the other hand, the Golden State is home to the California State Fair at Cal Expo which just recently, for the first time in its 170-year history, allowed on-site cannabis sales and consumption. Moreover, exciting news that Snoop Dogg is set to open
-SEC filing
Grown Rogue International Inc.(CSE:GRIN) (OTC:GRUSF) has entered a secured drawdown promissory note agreement with ABCO Garden State, LLC, a New Jersey licensed cultivator. As of Friday, July 5th, Grown Rogue owns 44% of ABCO, with an option to acquire an additional 26% of ABCO, subject to regulatory approval. On May, 31, Grown Rogue, obtained licensing approval with the New Jersey Cannabis Regulatory Commission (CRC) and closed its first option to acquire 44% of ABCO. “As we reach the final stages of Phase I construction, this additional capital will be used to finish construction and provide the necessary working capital to become operational," stated Obie Strickler, CEO of Grown Rog
Alliance Global Partners downgraded Grindrod Shipping from Buy to Neutral
Alliance Global Partners upgraded Grindrod Shipping from Neutral to Buy and set a new price target of $12.50
Alliance Global Partners initiated coverage of Grindrod Shipping with a rating of Buy and set a new price target of $32.00
10-Q - Mediaco Holding Inc. (0001784254) (Filer)
8-K - Mediaco Holding Inc. (0001784254) (Filer)
8-K/A - Mediaco Holding Inc. (0001784254) (Filer)
SC 13D/A - Grindrod Shipping Holdings Ltd. (0001725293) (Subject)
SC 13D - Mediaco Holding Inc. (0001784254) (Subject)
SC 13D/A - Mediaco Holding Inc. (0001784254) (Subject)
MediaCo Holding Inc. (NASDAQ:MDIA) ("MediaCo") today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") on August 20, 2024 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Q2 2024 Form 10-Q"), as described more fully in the Company's Form 12b-25 Notification of Late Filing (the "Form 12b-25") filed with the Securities and Exchange Commission (the "SEC") on August 14, 2024. The Listing Rule requi
SINGAPORE, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced that, on August 16, 2024, its previously announced selective capital reduction became effective pursuant to Section 78G of the Companies Act of 1967 of Singapore (the "Selective Capital Reduction"). Capitalised terms not otherwise defined herein shall have the meanings ascribed to them in the circular issued to shareholders of the Company dated May 14, 2024. The Selective Capital Reduction became effective upon the lodgement of the Court Order, a
SINGAPORE, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced its intention to voluntarily delist its ordinary shares from the NASDAQ Global Select Market ("Nasdaq"), in connection with its proposed Selective Capital Reduction pursuant to Section 78G of the Companies Act of 1967 of Singapore (the "Selective Capital Reduction"). The Company refers to the circular issued to shareholders of the Company (the "Circular") and its previous press release issued on July 19, 2024. Capitalised terms not otherwise defined
SINGAPORE, April 04, 2024 (GLOBE NEWSWIRE) -- Exhibit 99.1 GRINDROD SHIPPING HOLDINGS LTD.(Incorporated in Singapore)(Registration No.: 201731497H)Primary listing on the NASDAQ Global Select MarketSecondary listing on the JSE Main BoardNASDAQ Share code: GRIN and SEC CIK Number: CIK0001725293JSE Share code: GSH and ISIN: SG9999019087(the "Company") 1INTRODUCTION The board of directors (the "Board") of Grindrod Shipping Holdings Ltd. (the "Company") wishes to announce that it proposes to seek the approval of the shareholders of the Company (the "Shareholders") at an extraordinary general meeting of the Company (the "EGM") to be convened, for a selective capital reduction exercise to be
SINGAPORE, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (JSE: GSH) ("Grindrod Shipping" or "Company" or "we" or "us" or "our"), a global provider of maritime transportation services predominantly in the drybulk sector, today announced its earnings results for the three months and the year ended December 31, 2022. Financial Highlights for the Three Months Ended December 31, 2022 Revenues of $81.4 millionGross profit of $23.0 millionLoss for the period from continuing operations and attributable to owners of the Company of $4.6 million, or $0.24 per ordinary shareAdjusted net income of $10.6 million, or $0.56 per ordinary share(1)Adjusted EBITDA from cont
SINGAPORE, Oct. 12, 2022 (GLOBE NEWSWIRE) -- THIS JOINT ANNOUNCEMENT DATED 12 OCTOBER 2022 (THE "ANNOUNCEMENT") DOES NOT CONSTITUTE AN OFFER AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO, OR FROM, ANY JURISDICTION OUTSIDE THE UNITED STATES OF AMERICA, SOUTH AFRICA, AND SINGAPORE IN WHICH THE INTRODUCTION OR IMPLEMENTATION OF THE OFFER (AS DEFINED BELOW) WOULD NOT BE IN COMPLIANCE WITH THE LAWS OR REGULATIONS OF SUCH JURISDICTION. PLEASE REFER TO PARAGRAPH 19 OF THIS ANNOUNCEMENT FOR FURTHER DETAILS RELATING TO GRINDROD SHAREHOLDERS IN OTHER JURISDICTIONS. GOOD FALKIRK (MI) LIMITED(Registration No.: 96379)(Incorporated in Marshall Islands)(the