Highest-materiality recent filing
Steel Partners affiliate to buy 25.9M TPHS shares ($2.6M) and gain board control
Steel IP Investments (Steel Partners affiliate) acquires 25,862,245 shares from TPHS Lender for $2,586,200 ($0.10/share).
Trinity Place Holdings receives NYSE American delisting notice; stock moves to OTC Pink
NYSE American suspended trading and initiated delisting for TPHS due to low selling price per Section 1003(f)(v).
TPHS shareholders approve 2M share increase in stock incentive plan at 2024 annual meeting
Shareholders approved amendment to 2015 Stock Incentive Plan, increasing shares available for awards by 2,000,000.
Trinity Place Holdings appoints Daniel C. Bartok to board; Patrick J. Bartels resigns
Daniel C. Bartok elected to board on June 11, 2024, appointed to Compensation and Nominating & Governance Committees.
Trinity Place Holdings extends deadline to complete NYSE American delisting to August 1, 2024
Extension moves delisting deadline from June 28, 2024 to August 1, 2024 under Stock Purchase Agreement with TPHS Lender LLC and TPHS Investor LLC.
CEO Messinger agrees to stay through July 2024 with $900K in payments; director Cohen resigns
Messinger to remain CEO until July 31, 2024; receives $300K now, $300K Aug 1, $300K Nov 1, plus unvested RSU vesting.
Trinity Place extends CEO cure period for Good Reason termination to April 26
CEO Matthew Messinger delivered notice on March 18, 2024 citing events constituting 'Good Reason' for termination.
Trinity Place extends NYSE American delisting deadline to June 28, 2024
Extension agreement with Investor pushes delisting completion date from April 29 to June 28, 2024.
Trinity Place extends delisting deadline to April 29; corrects Form 15 to Form 25 error
Extended delisting completion deadline from March 27 to April 29, 2024, under Stock Purchase Agreement.
CEO Matthew Messinger claims 'Good Reason' for termination; Trinity Place Holdings in cure period
CEO Matthew Messinger delivered notice of events constituting 'Good Reason' for termination under his employment agreement on March 18, 2024.
Issued 25,112,245 common shares to corporate credit lender; lender affiliate gets 5% interest in JV and becomes manager.
Trinity Place Holdings obtains stockholder consent for stock purchase agreement and share issuance
Stockholders approved Stock Purchase Agreement with TPHS Lender LLC and its affiliate on Feb 7, 2024.
Outside closing date for Transactions extended to February 16, 2024.
Trinity Place Holdings to issue 25.1M shares at $0.30; plans delisting from NYSE American
Investor to acquire 25,112,245 shares of common stock at $0.30 per share; total proceeds ~$7.53M.
Mortgage lender extended forbearance from Dec 20, 2023 to Jan 31, 2024, conditional on filing preliminary consent solicitation by Jan 5, 2024.
Trinity Place receives NYSE American delisting notice; extends forbearance, obtains $750K loan
NYSE American deficiency letter due to stockholders' deficit of $(1.2)M as of Sep 30, 2023 and losses in three of four fiscal years.
77 Mortgage Lender demands $104.1M; default interest accruing, foreclosure threat
On Nov 16, 2023, 77 Mortgage Lender demanded $104,119,299 under 77 Mortgage Loan Agreement.
Trinity Place enters forbearance with mortgage lender Macquarie PF through Nov 15, 2023
Forbearance effective Sept 1, 2023, covers missed interest and maturity payments on Mortgage Loan Agreement.
Entered forbearance agreements with Mezzanine and CCF lenders; forbearance ends Dec 31, 2023 if no strategic transaction.
Shareholders elect directors and approve 2M share increase in incentive plan
Alan Cohen, Matthew Messinger, and Keith Pattiz elected as directors to two-year terms ending in 2025.
Trinity Place Holdings ups loan by $5M, issues 750K shares to lender in credit amendment
Loan facility increased by up to $5M: $3M for corporate purposes, $2M for 11th Street Property.
Sixth amendment to CCF defers $7.0M prepayment from May 1, 2023 to end of Restricted Period (Aug 31, 2023, extendable).
Trinity Place extends loan milestone to Sept 2023, cures defaults; strategic talks end
Loan amendment extends final completion milestone to Sept 29, 2023; $4M letter of credit returned, $1M to PIK interest, $3M deposit for interest shortfalls.
TPHS enters exclusivity with asset manager; school opens; NYSE compliance restored
Trinity Place Learning Center (PS 150) opened for 420 students, up from 186; school sold to NYC in April 2020.
Trinity Place gets NYSE American delisting notice for late Q2 filing due to accounting restatement
Received NYSE American notice for failing to timely file Q2 2022 Form 10-Q; six months to regain compliance.
Net loss increased by ~$5.4M in FY2021 and ~$2.7M in Q1 2022 from overcapitalization error at 77 Greenwich development.
Trinity Place CEO reports Jolie near complete, $167M refi, Berkley sale net $8M, insider buying
77 Greenwich (Jolie) construction nearly complete; $166.7M refinancing with no sales/financial covenants for 18 months.
Trinity Place sells 50% JV interest in The Berkley for $71.02M to TF Cornerstone
Sale price of $71.02M for the Williamsburg, Brooklyn multifamily property.
Trinity Place Holdings consummates rights offering, raising $1.72M gross
Rights offering closed on December 8, 2021, issuing 903,576 common shares.
Trinity Place Holdings launches rights offering up to 2.65M shares at $1.90 each
Stockholders receive 0.075118 rights per share held; each right allows purchase of one share at $1.90.
$166.7M inventory loan from Macquarie; 2-yr term +1-yr extension; interest LIBOR+7% (floor 7.25%), step-up to 9%+ if balance >$91M after Apr 2023.
Trinity Place extends loan forbearance to Oct 29; secures $10.5M JV partner loan at 10%
Extended forbearance on 77 Greenwich and mezzanine loans through October 29, 2021.
Commencement of closings at Jolie, a 90-unit condo at 77 Greenwich Street; pricing starts at $1.5M for one-bedroom.
Trinity Place Holdings enters ATM sales agreement with B. Riley for up to $10M common stock
Company may sell up to $10M of common stock at-the-market through B. Riley Securities.
Shareholders approve 1.5M share increase to stock plan; triennial say-on-pay
Elected directors Cohen, Messinger, Pattiz to two-year terms; each received >19.8M votes for.
the Board will consist of five (5) members, who will initially be: (i) Jack L. Howard (Chairman), (ii) Alexander C. Matina, (iii) Joseph Martin, (iv) Jeffrey S. Wald, and (v) Joanne M. Minieri.
the Board will consist of five (5) members, who will initially be: (i) Jack L. Howard (Chairman), (ii) Alexander C. Matina, (iii) Joseph Martin, (iv) Jeffrey S. Wald, and (v) Joanne M. Minieri.
Each of Matthew Messinger, Keith Pattiz and Dan Bartok have tendered their resignation from the Board and as a member of any committees of the Board, which resignation will become effective immediately at the Closing Date
the Board will consist of five (5) members, who will initially be: (i) Jack L. Howard (Chairman), (ii) Alexander C. Matina, (iii) Joseph Martin, (iv) Jeffrey S. Wald, and (v) Joanne M. Minieri.
the Board will consist of five (5) members, who will initially be: (i) Jack L. Howard (Chairman), (ii) Alexander C. Matina, (iii) Joseph Martin, (iv) Jeffrey S. Wald, and (v) Joanne M. Minieri.
Each of Matthew Messinger, Keith Pattiz and Dan Bartok have tendered their resignation from the Board and as a member of any committees of the Board, which resignation will become effective immediately at the Closing Date
Each of Matthew Messinger, Keith Pattiz and Dan Bartok have tendered their resignation from the Board and as a member of any committees of the Board, which resignation will become effective immediately at the Closing Date
the Board will consist of five (5) members, who will initially be: (i) Jack L. Howard (Chairman), (ii) Alexander C. Matina, (iii) Joseph Martin, (iv) Jeffrey S. Wald, and (v) Joanne M. Minieri.
the board of directors of the Company elected Mr. Bartok as a director.
Patrick J. Bartels, Jr. tendered his resignation from the board of directors of the Company, effective immediately.
In addition, on April 26, 2024, Alan Cohen tendered his resignation from the board of directors of the Company, effective immediately.
the CCF Lender appointed Patrick J. Bartels, Jr. as its Independent Director Designee, and on April 27, 2023, upon the recommendation of the Nominating and Corporate Governance Committee, the Board of Directors increased the size of the Board of Directors from six to seven and elected Mr. Bartels as a director
Max materiality 0.90 · Median 0.70 · Most common event other_material