CAS - CAS STOCK NEWS

Cascades Inc. (TSX: CAS) is set to release its first quarter 2023 financial results on May 11, 2023, before market open. The company will host a conference call at 9:00 AM ET to discuss the results. Interested parties can access the call via phone or through the company's website. Founded in 1964, Cascades specializes in sustainable packaging, hygiene, and recovery solutions, operating nearly 80 facilities in North America. The company employs about 10,000 people and continues to innovate in the recycling sector.

Cascade Acquisition Corp. (NYSE: CAS) has announced the liquidation of its outstanding shares of Class A common stock, with an effective redemption date of June 8, 2022. Shareholders can expect a redemption price of approximately $10.10 per share after taxes and dissolution expenses. The Class A Shares will cease trading on the same day, and holders will need to present their share certificates to receive the redemption amount, while those holding shares in 'street name' will not need to take action. The company plans to file for delisting with the NYSE.

Cascade Acquisition Corp. (NYSE: CAS) announced plans to dissolve and liquidate due to its inability to complete a business combination within the required timeframe. The company will redeem its Class A common stock at approximately $10.10 per share, with cancellations effective from May 24, 2022. The trust account will be liquidated to disburse funds to shareholders. Initial stockholders waived their redemption rights regarding common stock issued prior to the IPO. Warrant holders will not receive any liquidation proceeds.

Cascade Acquisition Corp. (NYSE: CAS) received a notice from NYSE Regulation for failing to timely file its quarterly report (Form 10-Q) for Q1 2021. This non-compliance relates to the company’s decision to classify outstanding warrants as liabilities, which impacted its financial reporting. The NYSE allows a six-month extension to regain compliance, but failure to file within this period may lead to suspension or delisting. The company is actively working to complete its Form 10-Q and restore compliance, though uncertainty remains regarding its successful submission.

Cascade Acquisition Corp. (CAS) announced on January 13, 2021, that starting January 15, 2021, holders of its initial public offering units can separate and trade shares of Class A common stock and warrants. The Class A common stock will trade under the symbol CAS and warrants under CAS.WS, while units not separated will continue to trade as CAS.U. The offering was underwritten by Credit Suisse and Morgan Stanley. The company aims to pursue mergers primarily in the financial services sector.

Cascade Acquisition Corp. announced the pricing of its initial public offering (IPO) of 20 million units at $10.00 per unit. The units will trade on the NYSE under the ticker symbol CAS.U starting November 20, 2020. Each unit consists of one share of Class A common stock and one-half of a redeemable warrant, with each whole warrant exercisable at $11.50 per share. The offering is expected to close on November 24, 2020. Credit Suisse and Morgan Stanley are acting as joint book-running managers.