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Rimini Street Inc (RMNI.OQ)

RMNI.OQ on NASDAQ Stock Exchange Global Market

6.82USD
17 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Rimini Street Seeks Additional $41.3 Million From Oracle In Further Appeals
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Rimini Street Inc ::RIMINI STREET RECEIVES COURT-ORDERED $21.5 MILLION REFUND FROM ORACLE AND SEEKS AN ADDITIONAL $41.3 MILLION IN FURTHER APPEALS.RIMINI STREET INC - NO LIMIT ON SALE OR DELIVERY OF ANY SERVICES FOR ORACLE PRODUCTS.RIMINI STREET - PURSUING APPEAL TO COURT FOR REFUND OF $12.8 MILLION FROM ORACLE FOR NON-TAXABLE COSTS.RIMINI STREET INC - COMPLIANCE WITH INJUNCTION WILL INCREASE AMOUNT OF LABOR REQUIRED TO COMPLETE SUPPORT DELIVERABLES FOR SOME CLIENTS.RIMINI STREET INC - SOUGHT A STAY OF INJUNCTION PENDING APPEAL.RIMINI STREET - $28.5 MILLION PAID BY CO IN 2016 WAS BEING HELD IN ESCROW BY ORDER OF COURT & WILL BE RELEASED FROM ESCROW TO ORACLE.RIMINI STREET - COMPLIANCE WITH INJUNCTION WILL INCREASE AMOUNT OF LABOR REQUIRED, THEREBY COSTING CO BETWEEN $1 MILLION AND $4 MILLION PER YEAR.RIMINI STREET INC - AUG 14, 2018 ORDER DOES NOT REQUIRE ANY NEW OR ADDITIONAL PAYMENTS BY CO.  Full Article

Rimini Street Announces $140 Million Refinancing
Monday, 18 Jun 2018 

June 18 (Reuters) - Rimini Street Inc ::RIMINI STREET ANNOUNCES $140 MILLION REFINANCING.RIMINI STREET INC - ENTERED INTO A BINDING AGREEMENT WITH A SYNDICATE OF INVESTORS.RIMINI STREET - DEAL TO REFINANCE CURRENT CREDIT FACILITY WITH ISSUANCE OF $140 MILLION OF SERIES A CONVERTIBLE PREFERRED STOCK & 2.9 MILLION SHARES OF STOCK.RIMINI STREET INC - TRANSACTION EXTENDS EXPECTED FINANCING MATURITY FROM 2020 FOR CURRENT CREDIT FACILITY TO 2023 FOR NEW FINANCING.  Full Article

Rimini Street posts Q3 loss per share ‍$0.09​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Rimini Street Inc :Rimini Street announces fiscal third quarter 2017 financial results.Q3 revenue rose 32 percent to $53.6 million.Rimini Street Inc - sees ‍full year 2017 net revenue to be in range of $204 million to $210 million​.Rimini Street Inc - qtrly loss per share ‍$0.09​.  Full Article