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Intersections Inc (INTX.OQ)

INTX.OQ on NASDAQ Stock Exchange Global Market

1.83USD
17 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Intersections Inc Reports Q2 Loss Per Share Of $0.02
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Intersections Inc ::REPORTS SECOND QUARTER 2018 RESULTS AND ANNOUNCES REFINANCING PLAN.Q2 LOSS PER SHARE $0.02 FROM CONTINUING OPERATIONS.Q2 REVENUE $39 MILLION.REACHED AGREEMENT WITH AN INSTITUTIONAL INVESTOR.INTERSECTIONS - TO USE PROCEEDS TO FULLY SATISFY SECURED DEBT, PREPAYMENT PENALTIES, PROVIDE LIQUIDITY TO CONTINUE TO EXECUTE BUSINESS PLAN..PROPOSED PREFERRED EQUITY INVESTMENT, TO PROVIDE $29.0 MILLION TO $35.0 MILLION OF LIQUIDITY.PROPOSED PREFERRED EQUITY INVESTMENT, INCLUDING CONVERSION OF BRIDGE NOTES ENTERED INTO DURING Q2.INTERSECTIONS - IF TRANSACTION IS NOT FUNDED IN SUFFICIENT AMOUNTS, IT WILL NOT BE ABLE TO MEET ALL OF REPAYMENT OBLIGATIONS OF SECURED DEBT.  Full Article

Intersections reports Q3 loss per share $0.14 from continuing operations
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Intersections Inc :Intersections Inc. reports third quarter 2017 results.Q3 loss per share $0.14 from continuing operations.Q3 revenue $39.2 million versus $43 million.  Full Article

Loeb Holdings delivers letter to special committee of board
Friday, 28 Oct 2016 

Intersections Inc - : Loeb Holdings Corp - on October 27, delivered letter to special committee of board - SEC filing .In the letter, proposes possible business transaction between LHC and Intersections Inc relating to co's pet health monitoring segment.  Full Article

Intersections receives proposal from Loeb Holding Corporation to acquire its pet health monitoring segment
Friday, 28 Oct 2016 

Intersections Inc : Intersections Inc. receives proposal from loeb holding corporation to acquire its pet health monitoring (voyce™) segment . Intersections inc says board of directors has received a non-binding proposal from loeb holding corporation . Intersections- process of evaluating proposal and negotiation of any transaction will be overseen by a special committee of three independent directors . Intersections - Process of evaluating proposal and negotiation of any deal will be overseen by a special committee of three independent directors . Intersections Inc - special committee has selected baker Botts LLP to serve as its independent legal advisor .Intersections Inc - Special committee expects to retain an independent financial advisor to assist special committee in evaluating proposal.  Full Article

BRIEF-Intersections Inc Says CEO Michael R. Stanfield's 2017 Total Compensation Was $6 Million

* INTERSECTIONS INC SAYS CEO MICHAEL R. STANFIELD'S 2017 TOTAL COMPENSATION WAS $6 MILLION – SEC FILING Source text: (https://bit.ly/2qJJd8O) Further company coverage: (Reuters.Briefs@thomsonreuters.com)