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SIGMA LITHIUM'S PRODUCTION AT FULL CAPACITY; RECORD SHIPMENT OF 27,500T OF QUINTUPLE ZERO GREEN LITHIUM TO ABU DHABI's IRH TRADING COMPANYSAN JOSE, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. (“Nutanix”) (Nasdaq: NTNX), a leader in hybrid multicloud computing, today announced its intention to offer, subject to market conditions and other factors, $750 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Nutanix also expects to grant the initial purchasers of the notes an option to purchase up to an additional $112.5 million aggregate principal amount of the notes within a 13-day period from, and including, the initial issuance date of the notes. The notes will be unsecured senior obligations of Nutanix. Interest will be payable semi-annually in arrears. The notes will mature on December 15, 2029, unless earlier converted, redeemed, or repurchased. The notes will be convertible at the option of holders, subject to certain conditions and during certain periods. Upon conversion, the notes may be settled in cash, shares of Nutanix’s Class A common stock or a combination of cash and shares of Nutanix’s Class A common stock, at Nutanix’s election. The interest rate, initial conversion rate and other terms of the notes are to be determined at the time of the pricing of the offering. Nutanix intends to use the net proceeds from the offering to (i) repurchase a portion of its outstanding 0.25% Convertible Senior Notes due 2027 (the “2027 notes”) concurrently with the pricing of the offering in separate and privately negotiated transactions with certain holders of its 2027 notes (the “concurrent note repurchases”) effected through one of the initial purchasers of the notes or its affiliate, acting as Nutanix’s agent, and (ii) repurchase up to $200.0 million of shares of Nutanix’s Class A common stock in privately negotiated transactions with institutional investors effected through one of the initial purchasers of the notes or its affiliate, acting as Nutanix’s agent, at a price per share equal to the last reported sale price of Nutanix’s Class A common stock on the Nasdaq Global Select Market on the date of the pricing of the notes (the “Share Repurchase”). Any such Share Repurchase would not reduce the amount available for future repurchases under Nutanix’s existing share repurchase program. Nutanix intends to use the remaining net proceeds from the offering for general corporate purposes, including working capital, capital expenditures and potential acquisitions. From time to time, Nutanix evaluates potential acquisitions of businesses, technologies or products. Currently, however, Nutanix does not have any understandings or agreements with respect to any acquisitions. The terms of the concurrent note repurchases are anticipated to be individually negotiated with each holder of the 2027 notes participating in the concurrent note repurchases, and will depend on several factors, including the market price of Nutanix’s Class A common stock and the trading price of the 2027 notes at the time of each such concurrent note repurchase. Certain holders of any 2027 notes that Nutanix agrees to repurchase may have hedged their equity price risk with respect to such 2027 notes and may, concurrently with the pricing of the notes, unwind all or part of their hedge positions by buying Nutanix’s Class A common stock and/or entering into or unwinding various derivative transactions with respect to Nutanix’s Class A common stock. Any repurchase of the 2027 notes, and the potential related market activities by holders of the 2027 notes participating in the concurrent note repurchases, together with the repurchase by Nutanix of any of its Class A common stock concurrently with the pricing of the notes, could increase (or reduce the size of any decrease in) the market price of Nutanix’s Class A common stock, which may affect the trading price of the notes at that time and the initial conversion price of the notes. Nutanix cannot predict the magnitude of such market activity or the overall effect it will have on the price of the notes or its Class A common stock. No assurance can be given as to how much, if any, of the 2027 notes or the Class A common stock will be repurchased or the terms on which they will be repurchased. Neither the notes nor the shares of Nutanix’s Class A common stock potentially issuable upon conversion of the notes, if any, have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, such registration requirements. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful. About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Nutanix’s financing plans, Nutanix’s ability to complete the offering, the timing and size of the offering, the concurrent note repurchases and the Share Repurchase, Nutanix’s intended use of the net proceeds of the offering. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether Nutanix will be able to consummate the offering, the final terms of the offering, the satisfaction of customary closing conditions with respect to the offering of the notes, prevailing market conditions, the anticipated use of the net proceeds of the offering of the notes, which could change as a result of market conditions or for other reasons, and the impact of general economic, industry or political conditions in the United States or internationally. Forward-looking statements may be identified by the use of the words “may,” “will,” “expect,” “intend,” and other similar expressions. These forward-looking statements are based on estimates and assumptions by Nutanix’s management that, although believed to be reasonable, are inherently uncertain and subject to a number of risks. Actual results may differ materially from those anticipated or predicted by Nutanix’s forward-looking statements. All forward-looking statements are subject to other risks detailed in Nutanix’s Annual Report on Form 10-K for the fiscal year ended July 31, 2024, and the risks discussed in Nutanix’s other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and Nutanix undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof, except as required by applicable law. © 2024 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. (“Nutanix”) in the United States and other countries. Other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. Investor Contact: Richard Valera ir@nutanix.com Media Contact: Lia Bigano pr@nutanix.commid ongoing tensions over Maratha and OBC reservation issues, the Ghansawangi constituency in Jalna district will see a multi-cornered battle as the results are set to be announced on November 23. The constituency, located in Maharashtra’s Marathwada region, has been under the spotlight for months due to the Maratha-OBC reservation protests. Village Antarwali Sarati, where activist Manoj Jarange has led the demand for Maratha reservations in education and government jobs, is part of Ghansawangi. The protests have mobilized the Maratha community, making the quota issue a defining factor in the upcoming polls. The political landscape in Ghansawangi has become more complex with multiple candidates vying for the seat. Sharad Pawar's Nationalist Congress Party (NCP) has fielded three-term MLA and former health minister Rajesh Tope, who is up against Hikmat Udhan of the Shiv Sena, a member of the BJP-led Mahayuti alliance. The battle is further complicated by two influential independents: BJP rebel Satish Ghadge and former Shiv Sena (UBT) legislator Shivaji Chothe. Tope, a veteran in the region, faces significant anti-incumbency sentiment but is still seen as a strong contender, especially given the division of votes among his opponents. Udhan, who has previously lost to Tope by a narrow margin of 3,409 votes in 2019, is determined to close the gap and secure a win this time. Chothe, a Teli by caste, is targeting OBC votes, while Ghadge, the chairman of a local sugar factory, hopes to capitalize on his deep roots in the constituency after being expelled from the BJP. The political dynamics in Ghansawangi are heavily influenced by the OBC and Maratha communities, which together make up a significant portion of the electorate. OBCs, who constitute about 38% of the voters, are expected to play a key role in the outcome. However, the OBC community is not a monolithic group, and its vote may be divided among various candidates, making it challenging to predict a unified OBC vote.
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Pay first, deliver later: Some women are being asked to prepay for their babySÃO PAULO , Dec. 3, 2024 /PRNewswire/ -- Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34) (" Sigma Lithium " or the " Company "), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon-neutral, socially and environmentally sustainable lithium concentrate, announces that it is in the process of loading 27,500 tonnes of its already produced Quintuple Zero Green Lithium for shipment from the Port of Vitoria to IRH Global Trading LTD in Abu Dhabi , demonstrating its increased operational excellence and its ability to meet both operational and sales targets. The provisional price (6% Li 2 O, CIF China) for this shipment is set at 8.25% of the battery-grade lithium carbonate price quoted on the Guangzhou Futures Exchange (GFEX) as of the shipment date. Sigma Lithium's operational and shipping consistency highlights the Company's robust production capabilities following the successful implementation of several efficiency initiatives at the Greentech Industrial Plant during the four-day annual maintenance shutdown in November. During this month we achieved continuous production of over 850 tonnes per day of lithium oxide for several consecutive days, reaching peak days of 900 tonnes per day, demonstrating the enhanced production capabilities of the Greentech Industrial Plant. As a result, the annualized production run rate reached full capacity of 270,000 tonnes and the Company expects to maintain this annualized production level going forward. " Our ability to maintain a consistent monthly shipment cadence is a clear reflection of our operational excellence, and reliability as a mature producer. It also highlights the stability we have achieved in the use of our proprietary dense media separation technology to produce lithium oxide at our Greentech Industrial Plant, " said Ana Cabral , CEO of Sigma Lithium. "We are delighted with ongoing partnership with IRH in Abu Dhabi which enhances our commercial flexibility to effectively navigate lithium demand seasonality. This collaboration enables us to capitalize on every opportunity to maximize business performance and secure better lithium pricing, even in the current market environment. With Phase 1 now operating at full capacity, we are working relentlessly to replicate this industrial success as we move forward with the construction of our second Greentech Industrial Production Plant. " ABOUT SIGMA LITHIUM Sigma Lithium (TSXV/NASDAQ: SGML, BVMF: S2GM34) is a leading global lithium producer dedicated to powering the next generation of electric vehicle batteries with carbon-neutral, socially and environmentally sustainable chemical-grade lithium concentrate. Sigma Lithium is one of the world's largest lithium producers. The Company operates at the forefront of environmental and social sustainability in the electric vehicle battery materials supply chain at its Grota do Cirilo Operation in Brazil . Here, Sigma produces Quintuple Zero Green Lithium at its state-of-the-art Greentech lithium beneficiation plant, delivering net zero carbon lithium, produced with zero carbon intensive energy, zero potable water, zero toxic chemicals and zero tailings dams. Phase 1 of the Company's operations entered commercial production in the second quarter of 2023. The Company has issued a Final Investment Decision, formally approving construction to double capacity to 520,000 tonnes of lithium concentrate through the addition of a Phase 2 expansion of its Greentech Plant. For more information about Sigma Lithium, visit https://www.sigmalithiumresources.com/ Sigma Lithium LinkedIn: Sigma Lithium Instagram: @sigmalithium Twitter: @SigmaLithium FORWARD-LOOKING STATEMENTS This news release includes certain "forward-looking information" under applicable Canadian and U.S. securities legislation, including but not limited to statements relating to timing and costs related to the general business and operational outlook of the Company, the environmental footprint of tailings and positive ecosystem impact relating thereto, donation and upcycling of tailings, timing and quantities relating to tailings and Green Lithium, achievements and projections relating to the Zero Tailings strategy, achievement of ramp-up volumes, production estimates and the operational status of the Groto do Cirilo Project, and other forward-looking information. All statements that address future plans, activities, events, estimates, expectations or developments that the Company believes, expects or anticipates will or may occur is forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Forward-looking information contained herein is based on certain assumptions regarding, among other things: general economic and political conditions; the stable and supportive legislative, regulatory and community environment in Brazil ; demand for lithium, including that such demand is supported by growth in the electric vehicle market; the Company's market position and future financial and operating performance; the Company's estimates of mineral resources and mineral reserves, including whether mineral resources will ever be developed into mineral reserves; and the Company's ability to operate its mineral projects including that the Company will not experience any materials or equipment shortages, any labour or service provider outages or delays or any technical issues. Although management believes that the assumptions and expectations reflected in the forward-looking information are reasonable, there can be no assurance that these assumptions and expectations will prove to be correct. Forward-looking information inherently involves and is subject to risks and uncertainties, including but not limited to that the market prices for lithium may not remain at current levels; and the market for electric vehicles and other large format batteries currently has limited market share and no assurances can be given for the rate at which this market will develop, if at all, which could affect the success of the Company and its ability to develop lithium operations. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the current annual information form of the Company and other public filings available under the Company's profile at www.sedar.com . Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. FOR ADDITIONAL INFORMATION PLEASE CONTACT Matthew DeYoe , EVP Corporate Affairs & Strategic Development matthew.deyoe@sigmalithium.com.br Irina Axenova , Vice President Investor Relations irina.axenova@sigmalithium.com.br View original content to download multimedia: https://www.prnewswire.com/news-releases/sigma-lithiums-production-at-full-capacity-record-shipment-of-27-500t-of-quintuple-zero-green-lithium-to-abu-dhabis-irh-trading-company-302321451.html SOURCE Sigma Lithium CorporationNone
Alabama State tops Prairie View to secure a third straight winning season under coach Eddie RobinsonCAMDEN, N.J.--(BUSINESS WIRE)--Dec 3, 2024-- The Campbell’s Company (NASDAQ: CPB) (Campbell’s) announced today that its Board of Directors has elected Mick Beekhuizen to succeed Mark Clouse as President and CEO. Beekhuizen has also been elected a Director of the company, both effective Feb. 1, 2025. Until then, Beekhuizen will continue in his role as President, Meals & Beverages. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241203572681/en/ Mick Beekhuizen (Photo: Business Wire) Campbell’s Chair of the Board of Directors Keith McLoughlin said, “The Board has had a strong CEO succession process in place for the last several years, and we are fortunate to have a deep bench of talented executives prepared to lead the company as CEO. Mick is a superb leader with a track record of success. The Board is confident that he has all the requisite skills and capabilities to continue to drive the strategy that has delivered consistently strong results and created value for shareholders.” Beekhuizen will become the 15th CEO in the company’s 155-year history. He joined Campbell’s in September 2019 as Chief Financial Officer and since 2022 has served as President of the company’s $5.3 billion Meals & Beverages division. He is an accomplished leader with a record of financial, commercial and operational excellence. Beekhuizen has delivered strong performance in the Meals & Beverages division and played a key role in the $2.7 billion acquisition and integration of Sovos Brands, Inc. During his tenure as Chief Financial Officer, Beekhuizen led corporate strategy and the finance function, including controllership, tax, treasury, corporate audit, investor relations, corporate development, financial planning and analysis, and shared services, as well as the company’s information technology (IT) group. Prior to Campbell, Beekhuizen was Executive Vice President and Chief Financial Officer at Chobani from 2016 to 2019, where he played a key role in its growth and expansion. Earlier in his career, he was Executive Vice President and Chief Financial Officer for Education Management Corporation, and a Managing Director at Goldman Sachs in the merchant banking division. “It is a tremendous honor to have been selected by the Board to lead this iconic company,” said Beekhuizen. “I am energized by the opportunity to work with the Campbell’s team to accelerate the successful strategy that has led to our strong business performance and industry-leading employee engagement.” Clouse Retires to Join NFL’s Washington Commanders as President Clouse, who has served as President and Chief Executive Officer since January 2019, advised the Board that he plans to retire as Campbell’s President and CEO and a Director and from the consumer packaged goods industry on Jan. 31, 2025 to become President of the NFL’s Washington Commanders. “Mark has been a transformational leader for the past six years and has positioned Campbell’s for ongoing success,” said McLoughlin. “He has assembled one of the top leadership teams in food and together they have built one of the best portfolios in the industry. We are grateful for Mark’s many contributions, which will have lasting impact on Campbell’s business and culture.” Since joining Campbell’s in 2019, Clouse has led a transformation to reshape the company’s portfolio toward category-leading brands and made soup a key element of the company’s growth strategy. Under Clouse’s leadership, the company has delivered strong business results. He rebuilt foundational capabilities, invested in people and brands, created a highly engaged culture with strong leaders and turned its supply chain into a competitive advantage. In 2024, the company acquired Sovos Brands, Inc., adding one of the fastest growing brands in all of food with Rao’ s to accelerate Campbell’s strategy and provide a substantial runway for sustained profitable growth. Clouse said, “I am immensely proud of what we have accomplished at Campbell's over the last six years. We have built what I believe is the best portfolio in food, and the company has never been better positioned for sustainable growth. The company is in excellent hands with Mick at the helm. I want to thank the entire Campbell's team for their support and commitment to the strategy we have executed together. Campbell’s will always hold a special place in my heart. While I am stepping away a bit earlier than I anticipated, I feel like I have one more act in my career. The Washington Commanders role is a once-in-a-lifetime position that blends my passion for business and love of sports. A leadership role in professional sports is the only thing that would’ve pulled me away from Campbell’s.” First-quarter Earnings Conference Call and Webcast Campbell's will host a conference call as previously scheduled to discuss first-quarter fiscal 2025 earnings results on Wednesday, December 4, 2024 at 8:00 a.m. Eastern Time. Participants calling from the U.S. & Canada may dial in using the toll-free phone number (800) 715-9871. Participants calling from outside the U.S. & Canada may dial in using phone number +1 (646) 307-1963. The conference access code is 7969519. In addition to dial-in, access to a live listen-only audio webcast and accompanying slide presentation, as well as a replay of the webcast, will be available at https://investor.thecampbellscompany.com/events-presentations . About The Campbell’s Company For 155 years, The Campbell’s Company (NASDAQ:CPB) has been connecting people through food they love. Headquartered in Camden, N.J. since 1869, generations of consumers have trusted us to provide delicious and affordable food and beverages. Today, the company is a North American focused brand powerhouse, generating fiscal 2024 net sales of $9.6 billion across two divisions: Meals & Beverages and Snacks. Our portfolio of 16 leadership brands includes: Campbell’s , Cape Cod , Chunky , Goldfish , Kettle Brand , Lance , Late July , Pace , Pacific Foods , Pepperidge Farm , Prego , Rao’s , Snack Factory pretzel crisps, Snyder’s of Hanover , Swanson and V8 . For more information, visit www.thecampbellscompany.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241203572681/en/ CONTACT: Investor Contact: Rebecca Gardy (856) 342-6081 Rebecca_Gardy@campbells.com Media Contact: James Regan (856) 219-6409 James_Regan@campbells.com KEYWORD: NEW JERSEY UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SUPERMARKET RETAIL OTHER RETAIL FOOD/BEVERAGE SOURCE: The Campbell’s Company Copyright Business Wire 2024. PUB: 12/03/2024 04:00 PM/DISC: 12/03/2024 04:00 PM http://www.businesswire.com/news/home/20241203572681/en