PRFZ

Barnes & Noble Education, Inc. (NYSE:BNED) shares are trading lower after it announced a short-term shareholder rights plan and a new equity investment. In particular, the company inked a definitive deal with Immersion Corporation (NASDAQ:IMMR) and existing shareholders and strategic partners regarding new equity and refinancing transactions to boost long-term financial position. After closing the transactions in June 2024, Barnes & Noble will receive $95 million of new capital through a $50 million equity investment and a $45 million fully backstopped equity rights offering led by immersion. The deal is projected to infuse net cash proceeds after transaction costs of about $75 mill

View, Inc. (NASDAQ:VIEW) shares are trading lower after the company filed for Chapter 11 bankruptcy.  On Tuesday, the company inked an agreement with Cantor Fitzgerald and RXR to become a private company. The deal would result in the cancellation of View’s existing senior secured term loans and unsecured convertible notes, the holders receiving 100% of the equity stake in the reorganized company, and existing equity interests being canceled. The company expects to obtain court approval for the Proposed Transaction within 45 days of April 2, 2024.  Following this, View expects to emerge as a privately held company with a reorganized board of directors, whereby Howard Lutnick, Chai