ASCMA News

Ascent Capital Group, Inc. (“Ascent”) (ASCMA) today announced that it has received notice from The Nasdaq Stock Market LLC (“NASDAQ”) that Ascent’s Series A common stock, par value $0.01 per share (the “Series A common stock”), will be suspended from trading on NASDAQ at the open of business on Friday, July 12, 2019.  This notice was received following Ascent’s request to voluntarily delist and withdrawal of its request for an appeal of the prior delisting notification, in each case, as previously disclosed by Ascent. Ascent continues to intend to file a Form 25 Notification of Delisting with the Securities and Exchange Commission (the “SEC”) on Monday, July 15, 2019, also as previously disclosed. This communication includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

ENGLEWOOD, Colo., July 17, 2019 -- Ascent Capital Group, Inc. (“Ascent”) today announced that, after further review, FINRA and the OTC Markets have determined that Ascent’s.

Ascent Capital Group, Inc. (“Ascent”) (OTC: ASCMA, ASCMB) today announced that Ascent stockholders approved the proposal (the “merger proposal”) to adopt the Agreement and Plan of Merger, by and between Ascent and Monitronics International, Inc. (“Monitronics”), dated May 24, 2019, that was considered at the special meeting of Ascent stockholders held on August 21, 2019, pursuant to which Ascent will merge with and into Monitronics substantially concurrently with the restructuring of Monitronics (the “Merger”). Following the stockholders’ approval of the merger proposal, the Merger is expected to be completed on or about August 30, 2019, subject to the satisfaction of additional customary closing conditions.

Monitronics International, Inc. (“Monitronics” or “the Company”), the wholly owned subsidiary of Ascent Capital Group, Inc. (“Ascent”) (OTC: ASCMA, ASCMB), today announced that the United States Bankruptcy Court for the Southern District of Texas has confirmed the joint partial prepackaged plan of reorganization of Monitronics and certain of its domestic subsidiaries (the “Plan”). The confirmation clears the path for Monitronics to emerge from Chapter 11 protection in early September, if not earlier, with significantly less debt and access to new sources of capital that will support continued growth and innovation. “The Court’s confirmation of our Plan is a key milestone – paving the way for us to emerge from this process as an even stronger service provider, innovator, employer and business partner, with what we believe is the strongest balance sheet in the industry,” said Jeffery Gardner, President and Chief Executive Officer of Monitronics.

As previously announced, on July 3, 2019, Ascent Capital Group, Inc. (“Ascent”) (ASCMA) has voluntarily notified The Nasdaq Stock Market LLC (“NASDAQ”) of its intent to withdraw its Series A common stock, par value $0.01 per share (the “Series A common stock”), from listing on the NASDAQ Global Select Market. On July 15, 2019, following a ten-day period that commences after Ascent provided notice of its intent to delist to NASDAQ, Ascent intends to file with NASDAQ and the U.S. Securities and Exchange Commission (the “SEC”), a Form 25 relating to the delisting of its Series A common stock.  It is anticipated that the delisting will become effective on July 25, 2019, ten days after the filing date of the Form 25, and its Series A common stock will no longer trade on NASDAQ effective on such date.  Ascent expects its Series A common stock to be quoted and traded on the OTC Markets promptly after the effectiveness of the delisting from NASDAQ, although it cannot assure that this will be the case.

Ascent Capital Group, Inc. (“Ascent”) (OTC: ASCMA, ASCMB) and its wholly owned subsidiary, Monitronics International, Inc. (“Monitronics” or “the Company”), today announced that they have entered into a Waiver (the “Waiver”) under the Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which Ascent will merge with and into Monitronics (the “Merger”) substantially concurrently with the completion of the previously announced restructuring of Monitronics. Pursuant to the Waiver, Ascent and Monitronics have agreed (i) to waive the condition to the closing of the Merger that the shares of Monitronics common stock (the “Monitronics Common Stock”) to be issued to the holders of Ascent’s common stock upon completion of the Merger and the transactions contemplated by the Merger Agreement be quoted on the OTC Markets or any similar national or international quotation service and (ii) that Monitronics shall endeavor to cause the Monitronics Common Stock to be quoted on any tier of the OTC Markets or any similar national or international quotation service as quickly as practicable after the completion of the Merger.

NEW YORK , May 29, 2019 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...

Monitronics International, Inc. (“Monitronics” or “the Company”), the wholly owned subsidiary of Ascent Capital Group, Inc. (“Ascent”) (ASCMA), today announced that it has voluntarily initiated its previously announced planned financial restructuring under Chapter 11 of the U.S. Bankruptcy Code to effectuate its partially pre-packaged Plan of Reorganization (the “Plan”). Under the terms of the proposed Plan, which now has the support of holders of approximately 91 percent in amount of the Company’s secured term loans and holders of approximately 81 percent in amount of its senior unsecured notes, the Company will eliminate approximately $885 million in debt and emerge from Chapter 11 in approximately 75 days with what it believes is the strongest balance sheet in its industry.

DALLAS-FORT WORTH, Texas, Nov. 11, 2019 -- Monitronics International, Inc. and its subsidiaries (doing business as Brinks Home Security™, (“Brinks Home Security” or the.

ENGLEWOOD, Colo., Aug. 07, 2019 -- Ascent Capital Group, Inc. (“Ascent” or the “Company”) (OTC: ASCMA, ASCMB) has reported results for the three and six months ended June 30,.