SeqLL Inc. (NASDAQ: SQL) experienced a notable upswing in its after-hours trading activity this past Friday. The SeqLL stock exhibited a substantial 14.56% surge, reaching a closing price of $12.12 at the conclusion of the weekend session. This surge was a direct response to a strategic maneuver, effectively counterbalancing the preceding 4.51% decline endured by SQL stock during the regular trading session, culminating at $10.58.
In the previous week, SeqLL (SQL) publicized a pivotal decision taken by its Board of Directors, involving the cancellation of both a special cash dividend and a stock dividend. Initially, SeqLL had contemplated disbursing a cash dividend to its common stockholders.
This proposition was intricately tied to its planned acquisition of Lyneer Investments LLC ("Lyneer") and the divestment of its current business operations, subject to certain conditions. SQL had previously established September 26, 2023, as the record date for the dividends, yet neither the Board had officially declared the dividends nor had the precise dividend amounts been determined.
The decision to cancel these dividends was primarily prompted by the formidable logistical challenges associated with their execution, which, in the Board's assessment, posed a substantial risk to the successful completion of the Company's planned acquisition. In lieu of distributing the cash and stock dividends, SeqLL is now poised to extend a settlement offer to all stockholders as of the aforementioned Record Date within 90 days following the completion of its Lyneer acquisition.
This revised strategy aims to address any potential claims arising from the failure to disburse said dividends, by providing affected stockholders with the equivalent cash and common stock shares they would have received had the dividends been formally declared and executed.
In the month of May, SeqLL formally engaged in a conclusive merger accord with Lyneer Investments, the ultimate overseeing entity of Lyneer Staffing Solutions, LLC, Atlantic Acquisition Corp., and associated entities. As per this agreement, Lyneer is destined to transform into an entirely possessed subsidiary of SeqLL.
In adherence to the stipulations delineated in the Merger Agreement, SeqLL will disburse the sum of $60,000,000 in currency to the stakeholders of Lyneer. Furthermore, SeqLL will grant an aggregate of 159,866,898 shares of its common stock to the stakeholders of Lyneer and Atlantic in exchange for the entirety of Lyneer's membership interests.
上週五,SeqLL Inc.(納斯達克股票代碼:SQL)的盤後交易活動顯著上升。SeqLL股票大幅上漲了14.56%,在週末交易結束時收盤價達到12.12美元。這種飆升是對戰略舉措的直接回應,有效抵消了SQL股票在常規交易時段經歷的4.51%的跌幅,最高跌幅爲10.58美元。
前一週,SeqLL(SQL)公佈了其董事會做出的一項關鍵決定,涉及取消特別現金分紅和股票分紅。最初,SeqLL曾考慮向其普通股股東發放現金分紅。
這一主張與其計劃收購Lyneer Investments LLC(“Lyneer”)以及在某些條件下撤資其當前業務業務密切相關。SQL 此前曾將2023年9月26日定爲創紀錄的分紅日期,但董事會既沒有正式宣佈分紅,也沒有確定確切的股息金額。
取消這些股息的決定主要是由與股息執行相關的艱鉅後勤挑戰所致,根據董事會的評估,這給公司計劃中的收購的成功完成構成了巨大風險。SeqLL現在準備在完成對Lyneer的收購後的90天內向所有股東提供截至上述記錄日的和解要約,以代替分配現金和股票分紅。
修訂後的戰略旨在通過向受影響的股東提供在正式宣佈和執行股息後本應獲得的等值現金和普通股,來解決因未能支付上述股息而產生的任何潛在索賠。
5月,SeqLL正式與Lyneer Investments簽訂了最終的合併協議,Lyneer Investments是Lyneer Staffing Solutions, LLC、Atlantic Acquisition Corp.及關聯實體的最終監督實體。根據該協議,Lyneer註定要轉型爲SeqLL的全資子公司。
根據合併協議中規定的規定,SeqLL將向Lyneer的利益相關者支付6000萬美元的貨幣。此外,SeqLL將向Lyneer和Atlantic的利益相關者共授予159,866,898股普通股,以換取Lyneer的全部會員權益。