remark media inc (MARK) Key Developments
Battushig Batbold Joins Remark Media as Head of Business Development and Strategy in Asia
Apr 7 15
Remark Media, Inc. announced that Battushig Batbold has joined Remark Media as Head of Business Development and Strategy in Asia. Mr. Batbold is a Governing Board Member of America Needs You. Previously, he was an analyst at Morgan Stanley in London within the Investment Banking Division. Mr. Batbold also is Board Director at Altai Holding.
Remark Media Mulls Acquisitions
Mar 30 15
Remark Media, Inc. (NasdaqCM:MARK), which is selling 0.85 million shares of its common stock at a price of $4 per share, for gross proceeds of $3.4 million, is looking for acquisitions. Remark Media intends to use the net proceeds of the offering for general corporate purposes, which may include working capital for the Company's various business units, acquisitions and capital expenditures.
Remark Media, Inc. Approves Amended and Restated Bylaws
Feb 13 15
On February 11, 2015 the board of directors of Remark Media, Inc. approved amended and restated bylaws of the company to provide that the number of the directors constituting the entire board shall be the number, not less than one nor more than 15, fixed from time to time by a majority of the entire board and remove the requirement that the company maintain a standing special committee of the board.
Remark Seeks Acquisitions
Feb 11 15
Remark Media, Inc. (NasdaqCM:MARK) (Remark) filed a registration statement to sell certain securities in one or more offering in the maximum amount of $50 million. Remark will use the net proceeds for general corporate purposes, including, working capital, acquisitions, repayment and refinancing of debt and capital expenditures.
Remark Media, Inc. Proposes Amendment to the Second Restated Certificate of Incorporation
Dec 8 14
Remark Media, Inc. at its special meeting of stockholders to be held on December 23, 2014, proposed amendment to the its Second Restated Certificate of Incorporation to increase the number of authorized shares of the company’s common stock to 50,000,000 and proposed amendment to the its Second Restated Certificate of Incorporation to (i) provide that the size of the Board shall be fixed in accordance with the company’s Bylaws, (ii) delete the requirement that the company maintain a standing special committee of the Board, and (iii) make certain conforming changes described in more detail in the proxy statement for the special meeting.