On Tuesday, Shares of Staples, Inc. (NASDAQ:SPLS), gained 4.34% to $14.19.
Contrary to popular belief, millennial are as motivated by salary as their older cohorts, according to the Staples Advantage Workplace Index, a recent study of office workers in the U.S. and Canada, conducted by the business-to-business division of Staples. Almost one third of millennials (29 percent) report that higher salary is the biggest contributor to their loyalty, despite only 20 percent of the broader workforce reporting the same.
“Millennials are becoming the largest demographic in the U.S. workforce – about one third of all workers – so it’s critical for employers to understand how to attract and retain millennial talent,” said John Burke, senior vice president, chief culture officer, Staples, Inc. “Our Workplace Index found that contrary to popular belief, salary is important to millennials, just as it is to older workers.” The survey also revealed that flexibility and office perks are key to retaining to millennials.
Staples, Inc., together with its auxiliaries, operates office products superstores. It operates through three segments: North American Stores & Online, North American Commercial, and International Operations.
Shares of Amedica Corporation (NASDAQ:AMDA), declined -11.70% to $0.415, during its last trading session.
Amedica Corporation declared that it has reached definitive agreements with institutional investors to raise up to $15.0 million in a concurrent registered direct offering of common stock and Series B Warrants and private placement of Series A Warrants and Series C Warrants.
As part of this transaction, the Company has reached a settlement agreement with MG Partners II, Ltd. in addition to amended its loa contracts with Hercules Technology Growth Capital, Inc.. The settlement agreement with Magna provides for the withdrawal of a formerly issued default notice and permanent waivers of any contractual rights, counting but not limited to any convertible features associated with Magna’s convertible debentures. As part of the Hercules amended loa contract, Hercules has also withdrawn its formerly issued default notice and agreed to reduce the Company’s financial cash covenant as the loan is paid, which should provide for additional financial flexibility in the future.
This transaction is predictable to execute in three equal tranches. The first tranche is a registered direct offering of 13,123,360 shares of common stock and Series B Warrants to purchase 13,123,360 shares of common stock for a price of $0.381 per share of Common Stock and Series B Warrant. The Series B Warrants have an exercise price of $0.47 and shall be exercisable up to December 30, 2015. The first tranche also comprises a concurrent private placement of Series A Warrants and Series C Warrants, each to purchase 13,123,360 shares of common stock. The Series A Warrants have an exercise price of $0.47 and shall be exercisable for a period of 5.5 years. The Series C Warrants have an exercise price of $0.47 and shall be exercisable up to December 30, 2015. The Company anticipates receiving proceeds of about $5.0 Million from this first tranche, which is predictable to close on September 11, 2015. The exercise of both the Series B Warrants and the Series C Warrants may occur automatically under certain conditions and is subject to shareholder approval. The number of shares issuable upon the exercise of the Series A Warrants, Series B Warrants and Series C Warrants may improvement under certain circumstances. The second and third tranches of the transaction is the exercise of the Series B Warrants and Series C Warrants for an additional $10.0 million. For further information on the transaction, please review the transaction documents filed recently with the Company’s Current Report on Form 8-K.
Amedica Corporation, a commercial-stage biomaterial company, develops, manufactures, and sells a range of medical devices based on its silicon nitride technology platform in the United States, Europe, and South America.
Finally, Willbros Group Inc (NYSE:WG), ended its last trade with 40.95% gain, and closed at $1.63.
Willbros Group declared that the Company would be attending D.A. Davidson’s 14th Annual Engineering & Construction Conference to be held in San Francisco on September 10 – 11, 2015.
Michael J. Fournier, President and Chief Operating Officer, is planned to present on Friday, September 11 at 9:15 a.m. Pacific Time (11:15 a.m. Central Time).
Willbros Group, Inc., together with its auxiliaries, operates as an energy infrastructure contractor serving the oil, gas, refining, petrochemical, and power industries in the United States and internationally. It provides engineering, procurement, and construction (EPC); and turnarounds, maintenance, facilities development, and operations services.
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