Key Developments: ARC Group Worldwide Inc (ARCW.OQ)

ARCW.OQ on NASDAQ Stock Exchange Capital Market

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27 Aug 2015
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Latest Key Developments (Source: Significant Developments)

ARC Group Worldwide closes public offering of common stock
Wednesday, 8 Apr 2015 04:28pm EDT 

ARC Group Worldwide:Closes registered underwritten public offering of its common stock.ARC sold a total of 3,450,000 shares of ARC common stock at a price to the public of $5.00 per share, including 450,000 shares sold pursuant to the option to purchase additional shares granted to the underwriters by ARC in connection with the offering, which was exercised in full.Brean Capital, LLC and Imperial Capital, LLC acted as joint book-running managers of the offering.  Full Article

ARC Group Worldwide Inc announces pricing of public offering
Thursday, 2 Apr 2015 12:00pm EDT 

ARC Group Worldwide Inc:Prices its public offering of 3,000,000 shares of common stock at a price to the public of $5.00 per share.Gross proceeds to ARC from this offering are expected to be $15 mln, before deducting the underwriting discount and other estimated offering expenses payable by ARC.Says offering is expected to close on or about April 8.Brean Capital, LLC and Imperial Capital, LLC are acting as joint book-running managers in the offering.Underwriters have been granted a 30-day option to purchase up to an additional 450,000 shares of common stock from ARC to cover over-allotments, if any.Closing of the offering is expected to occur on April 8.Shares of ARC common stock issued pursuant to the offering will trade on NASDAQ under the symbol ARCW together with issued and trading shares of ARC common stock.ARC plans to use all of the net proceeds from the offering to voluntarily prepay a portion of the outstanding indebtedness under ARC's senior credit facility and subordinated credit facility loans which were used to finance the acquisitions of ATC, Thixoforming, Kecy, and Munson by ARC.  Full Article

ARC Group Worldwide Inc announces public offering of common stock
Friday, 27 Mar 2015 08:00pm EDT 

ARC Group Worldwide Inc:Says that it has commenced an underwritten public offering of 3,000,000 shares of its common stock.In addition, ARC intends to grant underwriters an option to purchase up to an additional 450,000 shares of common stock.Brean Capital, LLC and Imperial Capital, LLC are acting as joint book-running managers of offering.  Full Article

ARC Group Worldwide Inc announces delay of Annual Report on Form 10-K filing
Monday, 13 Oct 2014 05:31pm EDT 

ARC Group Worldwide Inc:Says it is delaying the filing of its Annual Report on Form 10-K for the fiscal year ended June 30 with the Securities and Exchange Commission (SEC) beyond the Oct. 14 extended filing due date.Says company previously disclosed in its Notification of Late Filing on Form 12b-25 filed with the SEC on Sept. 29.Company delayed filing its Annual Report on Form 10-K because of unforeseen delays in the integration of financial information of the businesses acquired by company during fiscal year ended June 30.  Full Article

ARC Group Worldwide Inc announces acquisition of Kecy Corporation
Tuesday, 24 Jun 2014 09:20am EDT 

ARC Group Worldwide Inc:Signs definitive agreement for acquisition of business of Kecy Corporation (Kecy).Kecy is one of precision metal stamping companies, utilizing advanced manufacturing, robotics, automation, and die-making equipment.Company also offers value-added secondary processing with experienced design and production staff.Transaction is structured as acquisition of substantially all of assets of Kecy.Closing of Kecy Acquisition is expected to occur on June 25, 2014.Addition of Kecy's precision metal stamping capabilities to ARC's portfolio of advanced manufacturing and 3D printing services further expands ARC's holistic solution approach.Further, Kecy provides ARC with new customers and capabilities, enabling cross-selling opportunities across the full suite of ARC products and services.  Full Article

ARC Group Worldwide engages Grant Thornton LLP as independent registered public accountant - Form 8-K
Wednesday, 16 Apr 2014 05:07pm EDT 

ARC Group Worldwide Inc:On April 10, Audit Committee of board company, notified Hein & Associates LLP that it was dismissing Hein as independent registered public accounting firm effective immediately.On April 10, Audit Committee of board company engaged Grant Thornton LLP as independent registered public accountant effective immediately.  Full Article

ARC Group Worldwide Inc announces 1.5 to 1 stock dividend
Monday, 14 Apr 2014 05:30pm EDT 

ARC Group Worldwide Inc:Approves 1.5 to 1 stock dividend on common stock.Additional shares issued as result of stock dividend, will be distributed on May 1 to stockholders of record as of April 24.  Full Article

ARC Group Worldwide announces acquisition of Advance Tooling Concepts and Thixoforming
Tuesday, 8 Apr 2014 08:30am EDT 

ARC Group Worldwide Inc:Says it has closed on the acquisition of two companies, Advance Tooling Concepts (ATC) and Thixoforming LLC.Acquired ATC for $24 million, in an all-cash transaction.Brean Capital, LLC acted as ARC's exclusive financial advisor.Terms of the Thixoforming acquisition were not disclosed.  Full Article

Arc Group World Wide Inc Announces Stock Repurchase
Thursday, 10 Oct 2013 05:35pm EDT 

Arc Group World Wide Inc announced that its Board of Directors has authorized the repurchase of up to $250,000 of the Company's common stock. The Company said it may repurchase shares from time to time in the open market or through privately negotiated transactions, depending on prevailing market conditions, alternative uses of capital, other factors and in compliance with applicable legal requirements. The stock repurchase program does not obligate ARC to acquire any particular amount of stock. It also does not have an expiration date and may be limited or terminated at any time without notice.  Full Article

Arc Group World Wide Inc Announces New Chief Financial Officer
Tuesday, 8 Oct 2013 06:15pm EDT 

Arc Group World Wide Inc announced the appointment of Mr. Drew M. Kelley as the new Chief Financial Officer, replacing Norma Caceres. Ms. Caceres will continue in a leadership capacity in the finance and accounting department of the QMT Metal Injection Molding (MIM) businesses.  Full Article

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