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Bullboard - Stock Discussion Forum FormerXBC Inc XEBEQ

Industrials
Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification,... see more

GREY:XEBEQ - Post Discussion

FormerXBC Inc > Game over if a reverse vesting order takes place and approve
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Post by dalesio_98 on Nov 04, 2022 1:53pm

Game over if a reverse vesting order takes place and approve

Game over if a reverse vesting order takes place and approved! Nov. 3, 2022 Just Energy Announces Granting of Reverse Vesting Order and Stay Extension -- https://financialpost.com/globe-newswire/just-energy-announces-granting-of-reverse-vesting-order-and-stay-extension -- "All currently outstanding shares, options and other equity of Just Energy will be cancelled or redeemed for no consideration and without any vote of the existing shareholders. Under the Transaction, there will be no recovery for the Just Energy Entities general unsecured creditors, including the holders of Just Energys USD $205.9 million term loan (the Term Loan) and the holders of Just Energys 7.0% subordinated notes due September 15, 2026 (the Notes), unless expressly classified as Assumed Liabilities pursuant to the Transaction Agreement."
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FormerXBC Inc