Hitek Global (HKIT) said Wednesday it will implement a 1-for-25 reverse stock split of its class A ordinary shares.
The company said its shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market on July 6 under the existing HKIT ticker symbol.
Shares were down over 17% in early Wednesday trading.
Price: $0.23, Change: $-0.05, Percent Change: -17.61%
Resolution Minerals (ASX:RML) said 16 diamond core holes have been drilled to planned total depths at the Golden Gate South prospect in the Horse Heaven antimony-tungsten-gold-silver project in Idaho, for a total depth of 4,470 meters, according to a Wednesday Australian bourse filing.Core logging is progressing, recording geology, alteration, and mineralization, the company said.The drilling program is planned to up to 13,700 meters in up to 45 drill holes.The company's shares were up over 2% in recent Wednesday trade.
Papa John's International (PZZA) said late Tuesday that Chris Collins, its senior vice president of corporate finance and principal accounting officer, has been appointed to take the additional role as interim chief financial officer, starting immediately.Collins succeeds Ravi Thanawala, who is exiting Papa John's to assume a CFO role at another public company. Thanawala will be available to Papa John's in an advisory capacity until July 31 to support a smooth transition, the company said.Marc Richard, the company's senior vice president of North America Operations, has assumed responsibility for all North America operations, including those overseen by Thanawala as president, according to a statement.The company said it has commenced the search for a permanent CFO.
Arbor Realty Trust (ABR) plans to offer $300 million of convertible senior notes due 2029 in a private placement.Initial purchasers will have a 13-day option to buy up to an additional $45 million of the notes, the company said Tuesday in a statement.Arbor Realty expects to use up to $130 million of the net proceeds to repurchase shares. It also plans to use a portion of the proceeds, along with cash on hand, to redeem its $270 million of 4.5% senior notes due Sept. 1. Any remaining proceeds will be used for general corporate purposes.Arbor Realty shares fell 3.8% in after-hours trading.