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Sonida Senior Living (NYSE: SNDA) announced the appointment of Tabitha Bailey as senior vice president and chief legal officer, effective January 1, 2025. Bailey will succeed David Brickman, who is stepping down after 32 years with the company. Brickman will provide consulting services from January to June 2025 to ensure a smooth transition. Bailey, previously chief legal officer at Avantax, brings extensive experience in M&A and public company transactions, having led a $1.2B take-private merger. She will oversee all legal matters and support Sonida's growth strategy to expand its senior living portfolio.
TransAtlantic Petroleum Ltd. (NYSE American: TAT) has announced the payment of its third quarter 2020 dividend on its 12.0% Series A Convertible Redeemable Preferred Shares. The dividend was paid in the form of 7,749,267 Common Shares issued on December 31, 2019. The company operates in oil and natural gas, holding interests in Turkey and Bulgaria. This dividend payment reflects the company's ongoing commitment to return value to its shareholders, despite current market uncertainties.
TransAtlantic Petroleum Ltd. (NYSE American: TAT) announced on September 22, 2020, the entry into an Amended and Restated Loan and Security Agreement with Dalea Investment Group, LLC. This agreement aims to improve the company's liquidity by allowing pledges of real estate interests to secure concessions from Denizbank. The amendments include provisions for potential adjustments in maturity and amortization payments. The deal involves conditions such as filing a proxy statement related to an upcoming merger. Overall, the agreement is seen as a step towards stabilizing the company's financial situation.
TransAtlantic Petroleum Ltd. held a special meeting on September 10, 2020, for holders of its 12.0% Series A convertible redeemable preferred shares. Two proposals were presented: to consent to short notice for the meeting and to approve a Merger Agreement with TAT Holdco LLC and TAT Merger Sub LLC. Both proposals received unanimous approval from 100% of the Series A Preferred Shareholders. The merger involves TransAtlantic merging with Merger Sub, which will continue as a subsidiary of Parent.
TransAtlantic Petroleum Ltd. (TAT) announced it will issue dividends in Common Shares for its 12.0% Series A Preferred Shares, payable on September 30, 2020, to shareholders on record by September 15, 2020. This decision aligns with the certificate of designation allowing such payments. Investors can expect the dividends to be listed on the NYSE American and Toronto Stock Exchange. The Company is involved in oil and natural gas operations in Turkey and Bulgaria, focused on exploration and production.
TransAtlantic Petroleum Ltd. (TAT) reported Q2 2020 financial results revealing revenues of $6.5 million, down from $8.4 million in Q1 2020 and $17.2 million a year earlier. Average daily net sales volumes dropped to 2,185 BOEPD from 2,498 BOEPD in Q1 2020. The company faced an operating loss of $1.8 million and a net loss of $7.7 million. Outstanding debt increased to $11.3 million. The company entered a Merger Agreement to sell common shares for $0.13 each and secured an $8 million loan for working capital, highlighting liquidity concerns.
TransAtlantic Petroleum Ltd. (TAT) announced a Merger Agreement with TAT Holdco LLC, affecting all common shares, which will be exchanged for $0.13 in cash. The transaction is backed by holders of 100% of the 12.0% Series A Convertible Redeemable Preferred Shares, coordinated by a special committee of independent directors. A Loan Agreement with Dalea Investment Group provides up to $8 million for working capital, secured by the Company’s assets. Post-merger, shares will be delisted, and shareholder approval is required.
TransAtlantic Petroleum Ltd. (NYSE: TAT) will hold a live webcast and conference call to discuss its financial results for the quarter ending June 30, 2020, on August 13, 2020, at 7:30 a.m. Central time. The earnings release and the Quarterly Report on Form 10-Q will be issued on August 12, 2020, after market close. Investors can participate by calling (877) 878-2762 or (678) 809-1005. The company operates in the oil and natural gas sector with interests in Turkey and Bulgaria.
TransAtlantic Petroleum Ltd. (TAT) reported a net loss of $24 million for Q1 2020, a steep decline from the previous quarter's loss of $2.5 million. Revenues dropped to $8.4 million, down from $16.5 million in Q4 2019 and $19 million in Q1 2019. Average daily net sales volumes fell to 2,498 BOEPD, down from 2,763 BOEPD in Q4 2019. The company’s debt decreased to $10.6 million from $20 million in the prior quarter, while Adjusted EBITDAX slightly decreased to $8 million. Concerns about cash flow and liquidity remain due to low oil prices and operational challenges.
TransAtlantic Petroleum Ltd. (NYSE American: TAT) will hold a live webcast and conference call to discuss its financial results for the quarter ended March 31, 2020, on June 18, 2020, at 7:30 a.m. Central time. The earnings release and Quarterly Report on Form 10-Q will be issued after market close on June 17, 2020. Investors can participate by calling in or accessing the webcast on the company’s website. TransAtlantic engages in the exploration and production of oil and natural gas, holding interests in Turkey and Bulgaria.
