Magellan borrowed $625,000 from One Stone Holdings II LP to fund transaction costs tied to an Exchange Agreement in which One Stone would hand back all of Magellan's Series A preferred stock in return for taking Magellan's entire US oil and gas subsidiary, Nautilus Poplar, and 51% of another subsidiary -- Magellan was preparing to exit US production entirely.
One Stone Holdings II LP, One Stone Energy Partners GP, L.L.C reported a TELLURIAN INC. /DE/ shareholding of 2,785,546 shares (32.60% of votes) in a periodic institutional filing.
Magellan regained Nasdaq compliance on the minimum bid price after its stock held above $1.00 for the required ten days, closing out the deficiency first flagged in November 2015.
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr reported no remaining TELLURIAN INC. /DE/ shareholding in its periodic institutional filing.
Magellan's Nautilus Poplar subsidiary converted its $5.5 million revolving credit line with West Texas State Bank into a term loan maturing 2020, trading payment flexibility now for a longer, more structured repayment schedule.
TELLURIAN INC. /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
TELLURIAN INC. /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr, Franklin Advisory Services, LLC reported a TELLURIAN INC. /DE/ shareholding of 2,527,980 shares (5.50% of votes) in a periodic institutional filing.
Nasdaq again warned Magellan its stock had closed below the $1.00 minimum bid price for 30 days, restarting the compliance clock less than two years after the first such notice.
Magellan set up a $10 million at-the-market equity sales facility with Cantor Fitzgerald, giving it a standing option to raise cash by selling shares gradually rather than in one underwritten offering.
TELLURIAN INC. /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).