Sea - SE STOCK NEWS

Sea Limited (NYSE: SE) announced that at its annual general meeting on February 14, 2022, shareholders approved a special resolution to amend the company's Memorandum and Articles of Association. The amendment increases the voting power of each Class B ordinary share from three to fifteen votes. Approximately 89% of shareholders voted in favor of this resolution. Chairman and CEO Forrest Li expressed gratitude for the strong support from shareholders.

Sea Limited (NYSE: SE) announced its annual general meeting (AGM) on February 14, 2022, proposing amendments to its articles of association. The key change aims to increase Class B ordinary share voting power from 3 votes to 15 votes. Tencent Holdings plans to convert its Class B shares to Class A shares, reducing its voting share to below 10%. The amendments require 75% shareholder approval. Mr. Forrest Li will hold approximately 57% of total voting power post-conversion. The Board recommends a 'FOR' vote on this proposal.

Sea Limited (NYSE: SE) reported robust third-quarter 2021 financial results with total GAAP revenue of US$2.7 billion, a 121.8% year-on-year increase. Gross profit reached US$1.0 billion, up 147.5% year-on-year. However, total adjusted EBITDA was US$(165.5) million, a decline from US$120.4 million in Q3 2020. Digital Entertainment bookings increased 29.2% to US$1.2 billion, while e-commerce revenue surged 134.4% to US$1.5 billion. The company raised its e-commerce revenue guidance for 2021 to between US$5.0 billion and US$5.2 billion.

Sea Limited (NYSE: SE) will release its Q3 2021 results on November 16, 2021, before U.S. market hours. Following the announcement, the management will host a conference call at 7:30 AM ET to discuss the results, which will be available as a live webcast on their website. Dial-in options include US Toll Free and international numbers, along with a passcode for participants. A replay of the call will also be accessible on the investor relations page.

Sea operates in digital entertainment, e-commerce, and financial services.

Berkana Resources Corporation has appointed William Giles as VP of Strategy and Solutions, bringing over thirty years of experience in the Energy sector. Previously, he held significant roles at Spectra Energy, focusing on real-time operational applications and IT strategic planning. His appointment aims to enhance Berkana's Digital Transformation and efficiency solutions for clients in the Oil & Gas and Electric Utility markets. Berkana, a trusted provider for over 15 years, emphasizes the incorporation of AI, ML, Edge, and Cloud technologies to boost client efficiency.

O’Shares Global Internet Giants ETF (OGIG) has successfully completed its semi-annual portfolio reconstitution, adding 12 companies with an impressive revenue growth of over 80%. The weighted average revenue growth for the newly added stocks stands at 115%. Kevin O’Leary, Chairman of O’Shares ETFs, emphasized the distinction between 'new tech' and 'old tech,' citing the former's innovation-driven growth. Notably, Sea Ltd (SE) comprises 2.43% of the portfolio, exhibiting 129% revenue growth and a 71% year-to-date return.

Sea Limited (NYSE: SE) announced the pricing of its public offerings, including 11 million American Depositary Shares (ADSs) priced at US$318.00 each and US$2.5 billion of 0.25% convertible senior notes due 2026. The company has granted underwriters an option to purchase additional ADSs and notes. The net proceeds from these offerings will be used for business expansion and strategic investments. The offerings are expected to close on September 14, 2021, with interest on the notes payable semiannually starting March 15, 2022.

Sea Limited (NYSE: SE) announced a proposed registered public offering of 11 million American Depositary Shares (ADSs) and $2.5 billion in convertible senior notes due 2026. The ADS Offering is not contingent on the Notes Offering and vice versa. The company may grant underwriters a 30-day option for additional shares and notes. Proceeds will be used for business expansion and general corporate purposes, including potential investments and acquisitions. The offerings are under an effective shelf registration statement filed with the SEC.

Sterling Construction Company, Inc. (NASDAQ: STRL) has elected Julie Dill to its Board of Directors, expanding the Board to eight members. Effective immediately, Dill will also serve on the Audit Committee and the Compensation and Talent Development Committee, with her term ending at the next Annual Meeting of Stockholders. Dill brings 36 years of executive experience from companies such as Shell and Duke Energy, holding various leadership roles, including Chief Communications Officer. CEO Joe Cutillo expressed confidence in her ability to provide valuable insights to the Board.