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Ares Management and Mubadala Announce the Creation of a Joint Venture to Invest in Global Credit Secondaries Opportunities

Wed, 03/22/2023 - 07:16
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, and Mubadala Investment Company (“Mubadala”), a global sovereign investor, today announced the formation of a joint venture to invest in global credit secondaries opportunities. The joint venture, anchored by Mubadala, will initially aim to deploy approximately $1 billion as it seeks to capitalize on the anticipated growth and substantial demand from General and Limited

BRS Media’s dotFM Celebrates Five Years of Emoji Domains

Wed, 03/22/2023 - 07:16
SAN FRANCISCO--(BUSINESS WIRE)-- #Emoji--BRS Media, a diverse and growing media e-commerce firm that assists traditional and interactive media companies build and brand on the power of the Internet, today announced that dotFM, the .FM Top-Level Domain Registry, is celebrating the 5th year of the launch of Emoji Domains. Emoji domain is a domain name with an expressive digital image or icon in it. Since the launch of emoji domains in the .FM top level domain (TLD), dotFM has seen a surge in interest from

Vertical Aerospace Announces Release of Shareholder Letter and Filing of Annual Report on Form 20-F

Wed, 03/22/2023 - 07:16
LONDON & NEW YORK--(BUSINESS WIRE)--Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a leading aerospace and technology company that is pioneering electric aviation, announces that it has released a shareholder letter to its investor relations website, at The Company also filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 with the SEC (“the Annual Report”), which includes complete operating results for the

DiamondHead Holdings Corp. Announces PIPE Investment

Wed, 03/22/2023 - 07:16
NEW YORK--(BUSINESS WIRE)--DiamondHead Holdings Corp., a Delaware corporation (Nasdaq: DHHC, DHHCU, DHHCW) (“DHHC”, the “Company” and, following the completion of the Business Combination (as defined below), the “Issuer”), today announced that it has entered into a Convertible Note Purchase Agreement dated March 21, 2023, (the “Note Purchase Agreement”) among itself, Great Southern Homes, Inc., a South Carolina corporation (“GSH”) and a group of investors party to that agreement (the “Investors

ON24 Scales Digital Engagement for Adobe Experience Cloud Customers

Wed, 03/22/2023 - 07:16
LAS VEGAS--(BUSINESS WIRE)--According to Gartner, 80% of B2B sales interactions between suppliers and buyers will occur in digital channels by 2025. That’s why, today, ON24 (NYSE: ONTF), a leading digital engagement platform that drives pipeline and revenue growth, and LeapPoint, a leading digital advisory firm, have announced a partnership to help enterprises successfully develop and execute a digital-first go-to-market strategy, powered by ON24 and Adobe Experience Cloud technologies. “We bel

State Street Further Expands Outsourced Trading Capabilities

Wed, 03/22/2023 - 07:16
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today it has entered into a definitive agreement to acquire CF Global Trading, a global firm specializing in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income. The transaction is expected to be completed by the end of 2023, subject to customary closing conditions. Financial terms are not being disclosed. For more than 20 years CF Global Trading and t

Curative’s Employer-Based Health Benefits Offering Now Available Across The State of Texas

Wed, 03/22/2023 - 07:16
AUSTIN, Texas--(BUSINESS WIRE)--Curative, a leading health services company that recently launched Curative Insurance Company with a fully-insured health plan in the Austin metro area, is now expanding its health plan options to include a level-funded plan for employers throughout the state of Texas after recently receiving approval for its stop-loss policy. Curative's level-funding options give employers the flexibility of self-insurance together with the financial security of stable monthly p

Hercules Capital Increases Its Committed Letter of Credit Facility with SMBC

Wed, 03/22/2023 - 07:16
PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced it has increased its committed letter of credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”) by $75.0 million for a total of $175.0 million in credit capacity s

Franklin BSP Realty Trust, Inc. Appoints Michael Comparato as President

Wed, 03/22/2023 - 07:16
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the appointment of Michael Comparato as its new President. Richard J. Byrne, who previously served as President, will continue to serve as Chairman of the Board of Directors and Chief Executive Officer. Mr. Comparato is a managing director with Benefit Street Partners L.L.C. (“BSP”), the Company’s external manager, and has served as Head of Commercial Real Estate for BSP since 2017.

U.S. Bank Expands Client Offerings in Europe With New ETF Servicing Capability, Secures First ETF European Client

Wed, 03/22/2023 - 07:16
DUBLIN--(BUSINESS WIRE)--U.S. Bank today announced the launch of their new exchange-traded fund (ETF) services in Europe, as well as their first client for this offering. U.S. Bank will support Horizon Kinetics’ European version of their Inflation Beneficiaries ETF (Ticker: INFBN NA), an actively managed fund that seeks to address one of the most important economic and investment drivers – inflation – by identifying unique, scalable businesses that have the potential to thrive in an inflationar

U.S. XPRESS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of U.S. Xpress Enterprises, Inc. - USX

Wed, 03/22/2023 - 01:16
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of U.S. Xpress Enterprises, Inc. (NYSE: USX) to Knight-Swift Transportation Holdings Inc. (NYSE: KNX). Under the terms of the proposed transaction, shareholders of U.S. Xpress will receive $6.15 in cash for each share of U.S. Xpress that they own. KSF is seeking to determine whether this consideration and the pro

DRAFTKINGS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against DraftKings Inc. and Encourages Investors to Contact the Firm

Tue, 03/21/2023 - 22:16
NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against DraftKings Inc. (“DraftKings” or the “Company”) (NASDAQ: DKNG) in the United States District Court for the District of Massachusetts on behalf of all persons and entities who purchased or otherwise acquired DraftKings securities between August 11, 2021 and the present, both dates inclusive (the “Class Period”). Investors ha

FATE DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Fate Therapeutics, Inc. and Encourages Investors to Contact the Firm

Tue, 03/21/2023 - 22:16
NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Fate Therapeutics, Inc. (“Fate” or the “Company”) (NASDAQ: FATE) in the United States District Court for the Southern District of California on behalf of all persons and entities who purchased or otherwise acquired Fate securities between April 2, 2020 and January 5, 2023, both dates inclusive (the “Class Period”).

HSAI INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Announces Investigation into Hesai Group and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm

Tue, 03/21/2023 - 22:16
SAN DIEGO--(BUSINESS WIRE)--Robbins Geller Rudman & Dowd LLP announces an investigation into potential violations of U.S. federal securities laws by Hesai Group (NASDAQ: HSAI) focused on whether Hesai Group and certain of its top executive officers made false and misleading statements and/or failed to disclose material information to investors. If you have information that could assist in this investigation or if you are a Hesai Group investor who suffered a loss and would like to learn mor

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against United Natural Foods, Inc. (UNFI)

Tue, 03/21/2023 - 19:16
SAN DIEGO--(BUSINESS WIRE)---- $UNFI #UNFI--United Natural Foods, Inc. (UNFI) Made False and Misleading Statements Regarding its Business Prospects

City First Broadway Announces New Executives and Managerial Positions

Tue, 03/21/2023 - 19:16
LOS ANGELES--(BUSINESS WIRE)--Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “City First Broadway”), today announced the following executive appointments: John F. Tellenbach, as Executive Vice President, West Commercial Regional Executive; LaShanya Washington, as Executive Vice President and Chief Credit Officer; and Sonja S. Wells, Executi

Flexsteel Industries, Inc. to Present at Sidoti Virtual Investor Conference, Releases Updated Investor Presentation

Tue, 03/21/2023 - 19:16
DUBUQUE, Iowa--(BUSINESS WIRE)--Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), one of the largest manufacturers, importers and marketers of residential furniture products in the United States, today announced that Jerry Dittmer, President and Chief Executive Officer, Derek Schmidt, Chief Operating Officer, and Alejandro Huerta, Chief Financial Officer, will present and host one-on-one meetings with investors at the Sidoti Virtual Investor Conference taking place on Mar

Ellington Financial Announces $50 Million Common Stock Repurchase Program

Tue, 03/21/2023 - 19:16
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the “Company”) announced today that its Board of Directors has authorized the repurchase of up to $50 million of the Company's common stock. This authorization extends the Company’s ability to repurchase common stock beyond the 1.55 million shares previously authorized in 2018. Through today, the Company has repurchased nearly all of the 1.55 million shares previously authorized. The common stock repurchase program doe

First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.23 Per Share

Tue, 03/21/2023 - 19:16
COLUMBIA, Tenn.--(BUSINESS WIRE)--First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that its Board of Directors has declared the Company’s regular quarterly cash dividend of $0.23 per share, which will be paid on April 17, 2023, to shareholders of record as of April 3, 2023. The dividend represents a 9.5% increase compared with the cash dividend paid during the same period last year. About First Farmers and Mercha

JPMorgan Chase Declares Common Stock Dividend

Tue, 03/21/2023 - 19:16
NEW YORK--(BUSINESS WIRE)--The Board of Directors of JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) declared a quarterly dividend on the outstanding shares of the common stock of JPMorgan Chase. Information can be found on the Firm’s Investor Relations website at JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.7 trillion in