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Drive Shack Inc. Announces Proposed Public Offering of Common Stock

first_img Previous articleAirlines close books on rotten 2020 and so far, 2021 is grimNext articleCarvana to Report Fourth Quarter and Fiscal Year 2020 Results and Host Quarterly Conference Call on February 25 Digital AIM Web Support Facebook TAGS  Facebook Pinterest By Digital AIM Web Support – January 28, 2021 WhatsApp Twittercenter_img Local NewsBusiness Drive Shack Inc. Announces Proposed Public Offering of Common Stock Twitter WhatsApp NEW YORK–(BUSINESS WIRE)–Jan 28, 2021– Drive Shack Inc. (NYSE: DS, the “Company”), a leading owner and operator of golf-related leisure and entertainment businesses, announced today the launch of an underwritten public offering of $50,000,000 of shares of common stock, subject to market conditions. All shares of common stock are being offered by the Company. The underwriters have agreed to purchase all of the shares offered and the Company intends to grant the underwriters an option for a period of 30 days to purchase up to an additional 15% of the number of shares of common stock sold in the offering. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds from this offering for investments and general corporate purposes, including for working capital and the planned development of five of seven Puttery venues in 2021. BTIG, LLC is acting as lead book-running manager and Craig-Hallum Capital Group LLC is acting as joint book-running manager for the offering. The offering will be made pursuant to the Company’s effective shelf registration statement on Form S-3 (333-251671) filed with the Securities and Exchange Commission (the “SEC”). The offering will be made only by means of a prospectus and a related prospectus supplement. Prospective investors should read the prospectus supplement and the prospectus in that registration statement and other documents the Company has filed or will file with the SEC for more complete information about the Company and the offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and the prospectus may be obtained from BTIG, LLC, 65 East 55th Street, New York, NY 10022, or by e-mail at [email protected] This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Drive Shack Drive Shack Inc. is a leading owner and operator of golf-related leisure and entertainment businesses. Forward-Looking Statements Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the offering and the intended use of proceeds of the offering. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond our control. The Company can give no assurance that its expectations will be attained. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” in the prospectus supplement and the prospectus related to the offering and in the Company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as well as the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” incorporated by reference in the prospectus supplement related to the offering from the Company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based. View source version on businesswire.com:https://www.businesswire.com/news/home/20210128006131/en/ CONTACT: Kelley Buchhorn Drive Shack Inc, Head of Investor Relations 646-585-5591 [email protected] KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: GOLF OTHER ENTERTAINMENT ENTERTAINMENT SPORTS SOURCE: Drive Shack Inc. Copyright Business Wire 2021. PUB: 01/28/2021 05:12 PM/DISC: 01/28/2021 05:12 PM http://www.businesswire.com/news/home/20210128006131/en Pinterestlast_img read more

UN and business leaders call for end to HIV travel restrictions

first_img Tweet 21 Views   no discussions Share Share Most travel restrictions were imposed by governments in the 1980s, when less was known about HIV transmission, and treatment did not exist. (Credit: rrw.nl)NEW YORK, United States, Thursday November, 29, 2012 – In a move jointly sponsored by the United Nations agency dealing with the global HIV/AIDS response, more than 40 top business leaders on Wednesday called for the repeal of laws and policies restricting freedom of movement of people living with HIV.“Every individual should have equal access to freedom of movement,” said the Executive Director of the Joint UN Programme on HIV/AIDS (UNAIDS), Michel Sidibé.“Restrictions on entry, stay and residence for people living with HIV are discriminatory and a violation of human rights,” he added.The Caribbean is second to sub-Saharan Africa in the number of people afflicted with HIV, the virus that causes AIDS.The Chief Executive Officers (CEOs) are speaking out ahead of World Aids Day, which is observed globally on December 1.They represent nearly two million employees in industries from banking to mining, travel to technology, according to a release issued by UNAIDS and GBCHealth, which comprises companies addressing global health challenges.Travel and other restrictions remain in 45 countries, and threaten people with HIV with such penalties as deportation, detention or denial of entry into the country in question, the statement said.Calling HIV restrictions “bad for business,” Chip Bergh, President and CEO of Levi Strauss & Co., said, “Global business leaders are coming together to make sure we end these unreasonable restrictions.”Most restrictions were imposed by governments in the 1980s, when less was known about HIV transmission, and treatment did not exist. Since then, much has been learned about how to effectively prevent, manage and treat HIV, the statement said.It’s time to send HIV travel restrictions packing,” said Kenneth Cole, CEO of Kenneth Cole Productions. “Using our collective might, I believe we can use our influence to eliminate these discriminatory practices.”Other major companies whose CEOs have joined the appeal include Johnson & Johnson, The Coca-Cola Company, Pfizer, Heineken, Merck, the National Basketball Association, Kenya Airways and Thomson Reuters.While restrictions affecting HIV carriers vary from country to country, they can also include denial of work visas, disallowing short-term stays for business trips or conferences, and blocking longer-term stays, such as residence-for-work relocations and study-abroad programmes, according to UNAIDS.The United States lifted its 22-year HIV travel ban in 2010, while other countries that have removed restrictions include Armenia, China, Fiji, Moldova, Namibia and Ukraine.“These countries include major hubs for international business,” UNAIDS said.Ending discrimination against HIV carriers is part of the “Getting to Zero” theme for World AIDS Days from 2011 to 2015. The day was launched in 1988, and was the first ever global health day. caribbean360center_img Share HealthLifestyleNewsRegional UN and business leaders call for end to HIV travel restrictions by: – November 29, 2012 Sharing is caring!last_img read more