On Thursday, Shares of Digital Turbine Inc (NASDAQ:APPS), lost -3.57% to $2.16.
Digital Turbine, declared that major Appia shareholders-Trident Capital, Venrock Associates, Noro-Moseley Partners, Relay Ventures and the Wakefield Group-have agreed to extend the first expiration on the lock-up regarding their Digital Turbine common stock holdings by 45 days to October 17, 2015.
Bill Stone, CEO, Digital Turbine, stated, “The Appia transaction was transformative to Digital Turbine and the integration is moving ahead smoothly. Appia positions Digital Turbine at the center of a shift in global advertising spend toward mobile, and we continue to grow and add new advertising relationships as we execute our proven successful strategy.”
In conjunction with the extension of the lock-up, these shareholders were granted the right to take part in the event that the company consummates a public offering preceding to the expiration date of the third tranche lock-up in March 2016. Inclusive of current and former Appia administration, more than 90% of the fully diluted shares of former Appia shareholders either are subject to the noted contractual lock-ups to October 17, 2015 or are subject to the Company’s insider trading restrictions.
Digital Turbine, Inc., through its auxiliaries, provides mobile content solutions for mobile operators, app advertisers, device OEMs, and other third parties worldwide. It operates through two segments, Advertising and Content.
Shares of Ryland Group Inc (NYSE:RYL), inclined 1.27% to $43.76, during its last trading session.
Ryland Homes proudly invites homebuyers to experience three breathtaking new neighborhoods featuring spacious townhomes and innovatively designed single-family homes in desirable locations convenient to the Twin Cities. Visit these remarkable communities and see for yourself during the Grand Opening celebration on Saturday, September 5.
Rum River Shores in Anoka is a beautiful new community offering residents a peaceful setting highlighted by scenic tree lines. This collection of 54 homesites also features a community pool and playground, and is just a short drive from the shopping, dining and charm of downtown Anoka. Both one and two-story floorplans are available with up to 3,380 sq. ft. of available living space with up to 4 bedrooms and 3.5 bathrooms, plus a 3-car garage, and are starting from $349,990.
Visit The Preserve at Legacy Creek in Blaine to tour the brand-new Huntington model home. This sensational community offers 123 homesites with beautiful views of mature trees, ponds and open space. Residents will enjoy the brand-new city park located directly in the community, along with hiking and biking trails, and more. Commuting from the community is a breeze, with I-35 and Highway 65 both nearby. New homes at The Preserve at Legacy Creek offer up to 3,380 sq. ft. of available living space with up to 4 bedrooms and 3.5 bathrooms, plus a 3-car garage, and are starting from $329,990.
The Ryland Group, Inc. operates as a homebuilder and a mortgage-finance company in the United States. It engages in building single-family detached homes and attached homes, such as townhomes and condominiums.
At the end of Thursday’s trade, Shares of AMC Networks Inc (NASDAQ:AMCX), gained 2.58% to $71.59.
AMC Networks, declared that Sean Sullivan, EVP and CFO, will take part in the Bank of America Merrill Lynch Media, Communications & Entertainment Conference on Thursday, September 10, 2015 at 10:30 a.m. Pacific Time (1:30 p.m. Eastern Time) in Los Angeles, CA.
AMC Networks Inc. owns and operates various cable television’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally.
Finally, Ethan Allen Interiors Inc. (NYSE:ETH), ended its last trade with 0.20% gain, and closed at $29.90.
Ethan Allen Interiors Inc., declared its intent to raise up to $250 million of long-term debt financing.
Farooq Kathwari, Chairman, and CEO commented, “Since last fall, the Company has been in negotiations with our bankers to enhance our capital structure. The first objective was to put in place a new $115 million revolving credit facility to replace the $50 million revolving facility that was planned to expire in June 2015. This objective was accomplished in October 2014. The next objective was to redeem the $129 million of outstanding senior notes due October 2015, which was accomplished in March 2015. We also engaged J.P. Morgan Securities LLC to explore alternatives to raise up to $250 million in long-term debt financing. The funds will be utilized for our general corporate needs and to further improvement shareholder returns counting a special dividend and share repurchases. The Company anticipates to determine and declare the specific application of the proceeds in the next several weeks.”
The Company presently anticipates that the debt financing transaction will be accomplished in the Company`s fiscal second quarter; however, there can be no assurances that the transaction will be accomplished, as it is subject to market and other customary conditions.
Ethan Allen Interiors Inc. operates as an interior design company and manufacturer and retailer of home furnishings in North America, Europe, Asia, and the Middle East. The company operates in two segments, Wholesale and Retail.
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