Billionaire Carl Icahn and his company were charged by U.S. regulators with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises as collateral.
The SEC said Icahn Enterprises failed to disclose Icahn’s pledges of the company's securities as required in its annual report until Feb. 25, 2022. Icahn also failed to file amendments to a required regulatory filing describing his personal loan agreements and amendments, which dated back to at least 2005, and failed to attach required guaranty agreements. Icahn’s failure to file the required amendments to the regulatory filing persisted until at least July 9, 2023, the agency added.
The deal is among the latest in the direct lithium extraction sector, a fast-growing space that has garnered billions of dollars' worth of investment from investors looking to change how the battery metal is produced. Financial terms were not disclosed. KMX's technology helps concentrate lithium after it is separated from brine during a direct lithium extraction, or DLE, process.
You've seen the three letters everywhere when it comes to fantasy football analysis: ADP. And if you're a novice when it comes to fantasy, you might need it explained. Fear not! We're here to help you out. What is ADP? It stands for Average Draft Position.