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SURE Delivers In-Demand Commercial Coverage to South Carolina

Tue, 11/07/2023 - 08:21
HOUSTON--(BUSINESS WIRE)--SureChoice Underwriters Reciprocal Exchange (“SURE”), a policyholder-owned coastal insurer, in partnership with SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today announced its expansion to the South Carolina commercial property market with its business owners policy (BOP) offering. After launching its BOP program in Texas last year and expanding to Louisiana and Florida, SURE will now provide commercial capacity fo

Marinus Pharmaceuticals Provides Business Update and Reports Third Quarter 2023 Financial Results

Tue, 11/07/2023 - 08:21
RADNOR, Pa.--(BUSINESS WIRE)--Marinus Pharmaceuticals, Inc. (Nasdaq: MRNS), a pharmaceutical company dedicated to the development of innovative therapeutics to treat seizure disorders, today reported business highlights and financial results for the third quarter ended September 30, 2023. “With strong quarter over quarter growth and robust payer coverage one year into the launch of ZTALMY, we continue to demonstrate our unique commercial capabilities in the orphan epilepsy space and are enthuse

National Retailer Harbor Freight Tools Partners with TreviPay to Offer Business and Institutional Buyers New Payment Option

Tue, 11/07/2023 - 08:21
OVERLAND PARK, Kan.--(BUSINESS WIRE)-- #B2B--Harbor Freight Tools partners with TreviPay to offer a new payment option that provides instant B2B credit to its business and institutional customers

FIS Reports Third Quarter 2023 Results, Increases Full-Year Outlook and Announces Plans to Resume Share Repurchases in the Fourth Quarter of 2023

Tue, 11/07/2023 - 08:21
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE:FIS), a global leader in financial services technology, today reported its third quarter 2023 results. “This quarter’s results demonstrate continued positive momentum of the business as we delivered on our financial commitments for the third consecutive quarter, increased our full-year outlook on a consolidated basis, and remain on track to close the pending Worldpay transaction in Q1 2024,” said FIS CEO and President Stephanie Ferris. “I am pleas

Angel Oak Mortgage REIT, Inc. Reports Third Quarter 2023 Financial Results

Tue, 11/07/2023 - 08:21
ATLANTA--(BUSINESS WIRE)--Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the quarter ended September 30, 2023. Third Quarter Highlights Q3 2023 GAAP net income of $8.3 million, or $0.33 per diluted share of common stock. Q3 2023 Distributable Earnings of $(8.6) million

NYMBUS® Chooses DataVisor to Provide Next-Gen Digital Banking Fraud Solutions to its Customers

Tue, 11/07/2023 - 08:21
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--DataVisor, the world’s leading AI-powered fraud and risk platform, is pleased to announce that it has been selected by NYMBUS®, a leading provider of cloud-based financial technology solutions, to provide comprehensive fraud management across their suite of digital banking offerings. Through this strategic partnership, Nymbus will harness the unique power of DataVisor’s next generation fraud and risk platform to provide their customers with the most compr

CPI Card Group Inc. Reports Third Quarter 2023 Results

Tue, 11/07/2023 - 08:21
LITTLETON, Colo.--(BUSINESS WIRE)--CPI Card Group Inc. Reports Third Quarter 2023 Results

Saba Capital Issues Letter Sent to Chair of European Opportunities Trust Board Regarding its Opposition to the Proposed Tender Offer

Tue, 11/07/2023 - 05:21
NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (“Saba” or “we”), one of the largest shareholders of the European Opportunities Trust PLC (LSE: EOT) (the "Fund" or the "Trust"), today issued a letter it sent to the Chairman of the Fund’s Board of Directors (the “Board”) regarding its opposition to the proposed tender offer the Fund announced on November 6, 2023. Until the size of the tender offer is increased, Saba recommends that shareholders reject the continuation resolution at the

PSG Equity Holds Final Close of Second European Fund at more than €2.6 Billion

Tue, 11/07/2023 - 02:21
LONDON & BOSTON--(BUSINESS WIRE)--PSG Equity (“PSG”), a leading growth equity firm partnering with software and technology-enabled services companies in Europe, North America and Israel to help accelerate their growth, today announced the final close of PSG Europe II (“PSGE II”), the firm’s second Europe-focused fund, with more than €2.6 billion in commitments. PSGE II, one of the largest growth equity funds raised to invest exclusively in European software companies, exceeded PSG’s initial tar

WeWork Takes Strategic Action to Significantly Strengthen Balance Sheet and Further Streamline Real Estate Footprint

Mon, 11/06/2023 - 23:21
NEW YORK--(BUSINESS WIRE)---- $WE #WeWork--WeWork Inc. (NYSE: WE) (“WeWork” or “the Company”), the leading global flexible space provider, today announced that it has commenced a comprehensive reorganization to strengthen its capital structure and financial performance and best position the Company for future success. The Company maintains the strong support of its key financial stakeholders and has entered into a Restructuring Support Agreement (“RSA”) with holders representing approximately 92% of its secure

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

Mon, 11/06/2023 - 23:21
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 Outlook Therapeutics, Inc. (“Outlook” or the “Company”) (NASDAQ: OTLK) in the United States District Court for the District of New Jersey on behalf of all persons and entities who purchased or otherwise acquired Outlook securities between December 29, 2022 and August 29, 2023, both dates inclusive (the “Class Period”). Inve

The Law Offices of Frank R. Cruz Announces Investigation of Outlook Therapeutics, Inc. (OTLK) on Behalf of Investors

Mon, 11/06/2023 - 20:21
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Outlook Therapeutics, Inc. (“Outlook” or the “Company”) (NASDAQ: OTLK) on behalf of investors concerning the Company’s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On August 30, 2023, Outlook disclosed that the FDA had issued a complete response letter regarding the Company’s wet age-related macular degeneration (“wet AMD”) trea

Oceanview Holdings Announces Credit Rating Upgrades From AM Best

Mon, 11/06/2023 - 20:21
HAMILTON, Bermuda--(BUSINESS WIRE)--Oceanview Holdings, Ltd., a Bermuda company and ultimate parent of each of Oceanview Life and Annuity Company (“Oceanview Life”), an Alabama insurance company, and Oceanview Reinsurance Ltd., a Bermuda Class E insurance company (together “Oceanview”), today announced that global credit rating agency AM Best has upgraded the Financial Strength Rating (FSR) and Long-Term Issuer Credit Ratings (Long-Term ICR) of Oceanview. AM Best upgraded Oceanview’s FSR to “A”

KBRA Assigns A Rating to NJTTFA Transportation Program Bonds, 2023 Series BB; Affirms A+ Rating for New Jersey GO; Outlook is Stable

Mon, 11/06/2023 - 20:21
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns a long-term rating of A with a Stable Outlook to the New Jersey Transportation Trust Fund Authority (NJTTFA) Transportation Program Bonds, 2023 Series BB. KBRA additionally affirms the long-term rating of A+ with a Stable Outlook for the State of New Jersey's General Obligation Bonds. Lastly, KBRA affirms the long-term rating of A with a Stable Outlook for the following bonds: New Jersey Transportation Trust Fund Authority ■ Transportation Program Bonds ■

Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of SolarEdge Technologies, Inc. (SEDG) Investors

Mon, 11/06/2023 - 20:21
NEW YORK--(BUSINESS WIRE)---- $SEDG #classactionlawsuit--The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG) securities during the period from May 3, 2023 through October 19, 2023 (the “Class Period”). Investors have until January 2, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit. On August

Western Asset Mortgage Capital Corporation Expects to Adjourn Special Meeting of Stockholders Until December 5, 2023

Mon, 11/06/2023 - 17:20
PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) announced that it expects to adjourn its special meeting of stockholders (the “Special Meeting”) relating to the proposed merger with AG Mortgage Investment Trust, Inc. (“MITT”) until December 5, 2023, at 9:00 a.m. Pacific Time, online in a virtual-only meeting format, due to a lack of quorum and to allow further solicitation of proxies from WMC common stockholders for the approval of the merger at

OTLK INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Outlook Therapeutics, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Mon, 11/06/2023 - 17:20
SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements re: Outlook Therapeutics business & prospects, resulting in its stock trading at inflated prices.

Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Piper Sandler East Coast Financial Services Conference

Mon, 11/06/2023 - 17:20
ROCKLAND, Mass.--(BUSINESS WIRE)--Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2023 Piper Sandler East Coast Financial Services Conference on November 16, 2023. The conference will take place at the JW Marriott Miami Turnberry Resort, 19999 W. Country Club Dr., Aventura, FL 33180. Independent Bank Corp. (NASDAQ Global Sel

New Mountain Finance Corporation Prices Public Offering of $115.0 Million 8.250% Notes Due 2028

Mon, 11/06/2023 - 17:20
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (the “Company,” “we,” “us” or “our”) (Nasdaq: NMFC) today announced that it has priced an underwritten public offering of $115.0 million in aggregate principal amount of 8.250% unsecured notes due 2028 (the “Notes”). The Notes will mature on November 15, 2028, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after November 15, 2025. The Notes will bear interest at a rate of 8.250% p

Bain Capital Specialty Finance, Inc. Announces September 30, 2023 Financial Results and Declares Fourth Quarter 2023 Dividend of $0.42 per Share

Mon, 11/06/2023 - 17:20
BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced financial results for the third quarter ended September 30, 2023, and that its Board of Directors has declared a dividend of $0.42 per share for the fourth quarter of 2023. “We delivered another strong quarter of earnings driven by the continued benefits of higher interest rates across our diversified portfolio of largely floating rate loans coupled with stable credit quality

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