Examples of Arena Group in a sentence
The Company’s principal investments consist of HIIG (through Westaim HIIG Limited Partnership) and the Arena Group.
WAHII is the sole limited partner of Arena Investors, LP, a limited partnership established under the laws of Delaware to carry on the third-party investment management business of the Arena Group.
Those responses which pass ALL General Business Requirements will be further evaluated.The written responses which have passed the General Business Requirements will be evaluated by the Evaluation Committee on the Criteria listed under Functional Requirements and under Operational Requirements (Section 6.2).
On May 28, 2015, pursuant to the 2015 Concurrent Private Placement, 6,823,152 Special Warrants were sold at a price of C$3.25 per Special Warrant to members of the Company's Board of Directors and management team, a shareholder of HIIG and members of the future Arena Group management team as well as to HIIG and certain HIIG subsidiaries for portfolio investment purposes, on terms equivalent to the other participants in the 2015 Concurrent Private Placement.
The purpose of this Plan is to enhance shareholder value by linking the compensation of officers, directors, key employees and consultants of the Company to increases in the price of The Arena Group Holdings, Inc.
The proceeds raised from the Fairfax financing were used by Westaim to make interest bearing loans to the Arena Group.
The Company’s principal investments consist of HIIG and the Arena Group.
In the same period, the Company earned advisory fees from HIIG of $0.3 million (2017 - $0.3 million) and from the Arena Group of $0.1 million (2017 - $0.1 million).
For a description of the strategy of the Arena Group, see “Investment in the Arena Group” below.
Arena Group On April 27, 2015, the Company entered into a letter of intent with Old Arena to develop (i) an investment management business to manage fundamentals-based, asset-oriented credit investments for third-party investors and (ii) a specialty finance business to make fundamentals-based, asset-oriented credit investments.