Past year: ▲ 0%(45.0c – 45.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
2 June 2023capital raising announcement▼ BadMajor
On May 30, 2023 the company issued 19,494,709 subordinate voting shares when a majority of holders redeemed their Class B units of HB2 Origination, and another 15,947 shares through mandatory conversion of the Class C proportionate voting shares. An amendment to the HB2 LLC agreement, signed with CEO Craig Perry, adjusted the terms and time periods for redemption. This is a large increase in shares outstanding for existing holders (inference).
20 Jan 2023capital raising announcement● Neutral
Six partners in the company's fifth development partnership (DP5) exercised a put right and sold their remaining DP5 interest in exchange for 499,794 Class B units of HB2 Origination, LLC, which can be swapped one-for-one into Class A subordinate voting shares. The deemed value is about US$2.5 million, at US$5.23 per unit for two insiders and US$5.01 for the other four. Converting these units into shares would add to the share count (inference).
