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Brian Brooks to Join Axelar Foundation's Newly Formed Institutional Advisory Board
NEW YORK--(BUSINESS WIRE)---- $AXL #axelar--Axelar Foundation today announces it has appointed Brian Brooks, a leader in advancing regulatory clarity and institutional adoption of blockchain technology, to its newly formed Institutional Advisory Board. Axelar Foundation is the nonprofit organization established to support growth and adoption of Axelar Network, a decentralized blockchain interoperability platform. "Digitization and tokenization of financial assets such as stablecoins and real-world assets is cri
Colorado BioScience Association Appoints Four Ecosystem Leaders to Board of Directors
DENVER--(BUSINESS WIRE)--Colorado BioScience Association announces new board of directors members.
KBRA Credit Profile Releases CREFC High-Yield, Distressed Assets, & Servicing Conference 2025 Recap
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA Credit Profile (KCP), a division of KBRA Analytics, attended the Commercial Real Estate Finance Council’s (CREFC) annual High-Yield, Distressed Assets, & Servicing Conference, held in New York City on March 4. Over 300 commercial real estate (CRE) professionals attended the event, which comprised five panels and a one-one-one discussion. Key Takeaways Persistent inflation concerns and the possibility of stagflation continue to weigh on market sentiment, highl
General Mills Announces Long-time Senior Executive Jon Nudi to Retire
MINNEAPOLIS--(BUSINESS WIRE)--General Mills (NYSE: GIS) today announced Jon Nudi, Group President, North America Pet, International, and North America Foodservice, will retire on June 30, 2025, following a highly successful career with the company spanning more than three decades. Liz Mascolo, currently President for North America Blue Buffalo, will be promoted to Segment President, North America Pet and join the General Mills Senior Leadership Team effective March 16, 2025. “Jon will leave a l
NYSE to Commence Delisting Proceedings Against Pinstripes Holdings Inc. (PNST)
NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of Pinstripes Holdings Inc. (the “Company”) — ticker symbol PNST — from the NYSE. Trading in the Company’s Class A common stock will be suspended immediately. NYSE Regulation reached its decision to delist the Company’s Class A common stock pursuant to Section 802.01B of the NYSE’s Listed Compa
Scott+Scott Attorneys at Law LLP Announces Parties Provide Notice of Proposed Dismissal of Defendant from Stockholder Derivative Action
WILMINGTON, Del.--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP announces that Plaintiffs in the below-entitled action concerning Meta Platforms, Inc. (META) are releasing the following notice pursuant to an order of the Delaware Court of Chancery. IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE FACEBOOK, INC. DERIVATIVE LITIGATION CONSOLIDATED C.A. No. 2018-0307-JTL NOTICE OF PROPOSED DISMISSAL WITH PREJUDICE OF DEFENDANT JAN KOUM TO: ALL CURRENT STOCKHOLDERS OF META PLATFORM
KKR Real Estate Finance Trust Inc. Announces Closing of New $550 Million Senior Secured Term Loan B
NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that it closed on a Term Loan B (the “New Term Loan B”) for an aggregate principal amount of $550 million due in 2032. KREF intends to use the net proceeds from the New Term Loan B to repay the existing Term Loan B due in 2027, repay other indebtedness and for general corporate purposes. The New Term Loan B priced at 99.875% and bears interest at SOFR plus 325 basis points. Patrick Mattson, Presi
NASDAQ: EU Investigation Alert: Kessler Topaz Meltzer & Check, LLP Encourages enCore Energy Corp. (NASDAQ: EU) Investors with Significant Losses to Contact the Firm
RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of enCore Energy Corp. (NASDAQ: EU) (“enCore”). On March 3, 2025, enCore reported disappointing financial results for the quarter ended December 31, 2024. Specifically, enCore reported a net loss of $61.3 million compared to a $25.6 million net loss for fiscal 2023. enCore also revealed that its
Cross Country Healthcare Announces Fourth Quarter and Full Year 2024 Financial Results
BOCA RATON, Fla.--(BUSINESS WIRE)--Cross Country Healthcare, Inc. (the “Company”) (Nasdaq: CCRN) today announced financial results for its fourth quarter and full year ended December 31, 2024. SELECTED FINANCIAL INFORMATION: Dollars are in thousands, except per share amounts Q4 2024 Variance Q4 2024 vs Q4 2023 Variance Q4 2024 vs Q3 2024 Full Year 2024 Variance 2024 vs 2023 Revenue $ 309,940 (25 ) % (2 ) % $ 1,344,004 (33 ) % Gross profit margin* 20.0 % (190 ) bps (40 )
KBRA Assigns Preliminary Ratings to OBX 2025-NQM4 Trust
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to six classes of mortgage-backed notes from OBX 2025-NQM4 Trust, a $625.8 million non-prime RMBS transaction. The underlying collateral, comprising 1,112 residential mortgages, is characterized by a notable concentration of alternative income documentation (90.0%) loans. Most of the loans are classified as non-qualified mortgages (Non-QM) (47.1%) or exempt (37.5%) from the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule due to being
TriplePoint Venture Growth BDC Corp. Announces Fourth Quarter and Fiscal Year 2024 Financial Results
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), a leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2024 and the declaration by its Board of Directors of its first quarter 2025 distribution of $0.30 per share
Pacific Coast Oil Trust Announces Monthly Net Profits Interest Calculations
HOUSTON--(BUSINESS WIRE)--PACIFIC COAST OIL TRUST (OTC–ROYTL) (the “Trust”), a royalty trust formed by Pacific Coast Energy Company LP (“PCEC”), announced today that there will be no cash distribution to the holders of its units of beneficial interest of record on February 28, 2025 based on the Trust’s calculation of net profits generated during December 2024 (the “Current Month”) as provided in the conveyance of net profits interests and overriding royalty interest (the “Conveyance”). As furth
MetLife Confirms First Quarter 2025 Series A Preferred Stock Dividend
NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that it has confirmed its previously announced declaration of the first quarter 2025 dividend of $0.35516415 per share on the company’s floating rate non-cumulative preferred stock, Series A, with a liquidation preference of $25 per share (NYSE: MET PRA). The New York Stock Exchange has not yet set an ex-dividend date for the Series A preferred stock. Following this confirmatory announcement, the New York Stock Exchange will s
Ameris Bank Contributes $2 Million to Florida ‘Live Local’ Program
ATLANTA--(BUSINESS WIRE)--Ameris Bank is contributing $2 million to the Florida Housing Finance Corporation for the Live Local Program which provides low-interest loans for the development of quality affordable housing in the state. “The need for affordable housing is great, and Ameris is pleased to participate in the Live Local Program to benefit workers who want to live close to their jobs, as well as elders and low-income families who are facing particular strain from the tight housing suppl
Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on March 31, 2025 to Series A cumulative preferred shareholders of record on March 17, 2025. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Pref
RG Group Holdco, LLC Announces Departure of CEO W. Craig Barber
NASHVILLE, Tenn.--(BUSINESS WIRE)--RG Group Holdco, LLC, a majority owned portfolio company of Cannae Holdings, Inc. (“Cannae”), today announced that W. Craig Barber will depart his position as Chief Executive Officer. RG Group Holdco owns two casual dining brands - Ninety Nine Restaurants & Pub and O’Charley’s Restaurant + Bar – along with Restaurant Growth Services which provides support services to the brands (collectively, the “Company”). Cannae is grateful for Craig's commitment over t
First Trust Specialty Finance and Financial Opportunities Fund Announces Mailing of Proxy Materials for Special Meeting of Shareholders
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that proxy materials for the proposed reorganization of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB), a closed-end fund managed by FTA, with and into FT Confluence BDC & Specialty Finance Income ETF (the “ETF”), a newly formed series of First Trust Exchange-Traded Fund VIII (the “Reorganization”) have been mailed to shareholders. Shareholders of record of FGB as of the close of bu
Forge Global Holdings, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results
SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading private securities marketplace, today announced its financial results for the quarter and year ended December 31, 2024. "We closed out 2024 with 13% year-over-year growth and a strong pipeline,” said Forge CEO Kelly Rodriques. "Our year-over-year revenue improvement included a 46% increase in marketplace revenues, which grew to $37.0 million. As Q4 came in near-even to Q3, I’m happy t
Core Scientific Announces February 2025 Production and Operations Updates
AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ--Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today released unaudited production and operations updates for February 2025. Key Metrics Summary (unaudited) Metric February 2025 January 2025 Self-Mining Bitcoin Earned1 215 256 Hosting Bitcoin Earned by Customers2 16 17 Average Self-Mined Bitcoin Earned/Day 7.7 8.3 Self-Mining Energized Hash rate3 18.4
Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on March 31, 2025 to Series A cumulative preferred shareholders of record on March 17, 2025. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative Prefe