The Board of Directors of Kiwa Bio-Tech Products Group Corporation decided to engage Friedman LLP as the Company's new independent registered public accounting firm to report on the Company's financial statements for the fiscal year ended Dec. 31, 2017, including performing the required quarterly reviews for the period commencing Sept. 30, 2017.
Rennova Health, Inc.'s Board of Directors increased the size of the Company's Board to six members and elected Gary L. Blum and John Beach to fill the newly-created vacancies.
LaFlamme's Inc. seeks authority from the U.S. Bankruptcy Court for the Northern District of New York to employ The De Lorenzo Law Firm, LLC as attorneys.
Jayci Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Tennessee to hire legal counsel in connection with its Chapter 11 case.
The Hon. Catherine J. Furay of the U.S. Bankruptcy Court for the Western District of Wisconsin has granted Cranberry Growers Cooperative interim authorization to obtain senior secured postpetition financing on a super-priority basis.
ITUS Corporation closed its public offering of common stock for gross proceeds of approximately $3.6 million on May 16, 2017. The offering was a shelf takedown off of the Company's registration statement on Form S-3 (File No. 333-206782) and was conducted pursuant to a placement agency agreement between the Company and Dawson James Securities, Inc., the sole placement agent on a best-efforts basis with respect to the offering, that was entered into on May 11, 2017. The Company sold 3,425,376 shares of common stock in the offering at a purchase price of $1.05 per share. The Agreement contains customary representations, warranties and agreements of us and the Placement Agent. The Company also agreed in the Agreement to indemnify the Placement Agent against certain liabilities.
Pete Enterprises, Inc. seeks authority from the U.S. Bankruptcy Court for the Northern District of Ohio, Cleveland Division, to employ Glenn E. Forbes, Attorney at Law, as bankruptcy attorney.