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Saba Capital Reaches Agreements with Two BlackRock Closed-End Funds

Lastest from Businesswire - Tue, 01/21/2025 - 09:31
NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba”) today announced that it has entered into standstill agreements (the “Agreements”) with BlackRock Advisors, LLC, which is the investment advisor of the BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) and the BlackRock Health Sciences Term Trust (NYSE: BMEZ) (the “Funds”), following constructive negotiations. Under the terms of the Agreements, BIGZ will conduct a tender offer to purc

Redfin Reports Home Prices Are Rising in Every Major Metro for the First Time Since 2022

Lastest from Businesswire - Tue, 01/21/2025 - 09:31
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home prices rose from a year earlier in all 50 of the most populous U.S. metropolitan areas in December—the first time that has occurred since May 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, home prices rose in 41 metros in December 2023. “Places that have long been known as affordable places to live, like Cleveland and Milwaukee, are now seeing double-digit price increases—and

Scienaptic AI CUSO Secures Strategic Investment from Four New Partners

Lastest from Businesswire - Tue, 01/21/2025 - 09:31
NEW YORK--(BUSINESS WIRE)--Scienaptic AI, a New York-based leader in AI-powered credit underwriting, announces that its Credit Union Service Organization (CUSO) has secured strategic equity investments from four new partners. The coalition now includes three more credit unions clients—Alliance Catholic Credit Union, Partner Colorado Credit Union, and Advantage One Credit Union—and the Michigan Credit Union League. “As institutions deeply rooted in our communities, we recognize the transformativ

The Cashmere Fund Collaborates with Apex Fintech Solutions to Expand Retail Access to High-Growth Venture Opportunities

Lastest from Businesswire - Tue, 01/21/2025 - 09:31
LOS ANGELES--(BUSINESS WIRE)--The Cashmere Fund (NASD: CSHMX, “the Fund”), a venture capital interval fund designed for retail and institutional investors alike, that supports its portfolio companies through influential partnerships, today announced a strategic collaboration with Apex Clearing Corporation (“Apex”), an innovation launchpad for the global investment ecosystem. As a new addition to the Apex platform, the Fund is set to be offered to clients of a leading Apex-supported brokerage in

One Inc, a Leading Digital Payments Platform in Insurance, Announces New Board Chairman to Propel Next Growth Phase

Lastest from Businesswire - Tue, 01/21/2025 - 09:31
FOLSOM, Calif.--(BUSINESS WIRE)--One Inc, a leading payments network and software platform for the insurance industry, today announced it has appointed insurance technology industry veteran Scott G. Stephenson Chairman of the Board of Directors. Stephenson’s appointment follows the investment by Nordic Capital joining Great Hill Partners as owners in One Inc. One Inc’s management team also continues to hold a significant investment, underscoring its commitment to providing solutions that improv

Compass Pathways Appoints Steve Levine, M.D., as Chief Patient Officer

Lastest from Businesswire - Tue, 01/21/2025 - 06:31
LONDON & NEW YORK--(BUSINESS WIRE)---- $CMPS #Biotech--Compass Pathways plc (Nasdaq: CMPS) (“Compass”), a biotechnology company dedicated to accelerating access to evidence-based innovation in mental health, today announced the appointment of Steve Levine, M.D., as Chief Patient Officer, effective immediately. In this newly developed executive team role, Dr. Levine will be responsible for ensuring that patient-centric strategies are embedded across the organization and that treatments and initiatives developed by

FB Financial Corporation Reports Fourth Quarter 2024 Financial Results

Lastest from Businesswire - Tue, 01/21/2025 - 06:31
NASHVILLE, Tenn.--(BUSINESS WIRE)--FB Financial Corporation (the “Company”) (NYSE: FBK), parent company of FirstBank, reported net income of $37.9 million, or $0.81 per diluted common share, for the fourth quarter of 2024, compared to $0.22 in the previous quarter and $0.63 in the fourth quarter of last year. Adjusted net income* was $39.8 million, or $0.85 per diluted common share, compared to $0.86 in the previous quarter and $0.77 in the fourth quarter of last year. The Company ended the fou

Barings BDC, Inc. Announces Conference Call to Discuss Fourth Quarter and Full Year 2024 Results

Lastest from Businesswire - Tue, 01/21/2025 - 06:31
CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings BDC, Inc. (NYSE: BBDC) (“Barings BDC” or the “Company”) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2024 on Thursday, February 20, 2025, after the market closes. Barings BDC, Inc. has scheduled a conference call to discuss its fourth quarter and fiscal year ended December 31, 2024 financial results for Friday, February 21, 2025, at 9:00 a.m. ET. To listen to the call, please dial 87

Package.ai Announces $14M Series A Funding Round from Susquehanna Growth Equity (SGE)

Lastest from Businesswire - Tue, 01/21/2025 - 06:31
TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Package.ai, an AI-based platform that revolutionizes customer engagement and last-mile logistics for big-box retailers and service providers, today announced a minority growth investment led by Susquehanna Growth Equity (SGE), an entrepreneur-centric growth equity firm. SGE’s investment marks the first institutional fundraise for Package.ai, which has been mostly bootstrapped since inception. The funding round comes amid a unique paradigm shift for

Standard Chartered Appoints Sal Vitale as Head of Coverage for the US and Americas

Lastest from Businesswire - Tue, 01/21/2025 - 06:31
NEW YORK--(BUSINESS WIRE)--Standard Chartered (the "Bank") is pleased to announce the appointment of Sal Vitale as Managing Director and Head of Coverage for the US and Americas, effective January 13, 2025. In this role, Sal will spearhead efforts to strengthen the Bank's coverage capability, connecting corporate and financial institution clients to its global footprint. Based in New York, Sal will report to Stella Choe, Global Head of Corporate Coverage; Molly Duffy and Jerry Zhang, Global Co-

Kennedy Wilson to Announce Fourth Quarter 2024 Earnings

Lastest from Businesswire - Tue, 01/21/2025 - 06:31
BEVERLY HILLS, Calif.--(BUSINESS WIRE)---- $KW--Global real estate investment company Kennedy Wilson (NYSE: KW) will release its fourth quarter 2024 financial results on Wednesday, February 26, 2025, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, February 27, 2025. The direct dial-in number for the conference call is (844) 340-4761 for U.S. callers and +1 (412) 717-9616 for international callers. A replay

Tutor Perini Continues to Strengthen Balance Sheet with an Additional $75 Million Debt Paydown

Lastest from Businesswire - Tue, 01/21/2025 - 06:31
LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Company has prepaid an additional $75 million of its Term Loan B debt. With this latest paydown, Tutor Perini has now successfully deleveraged its balance sheet by a total of $430 million over the past twelve months, with $320 million of the debt reduction due to the early paydown of the Term Loan B. As of January 21, 2025, th

Azureon Expands Northeast Coverage with Acquisition of Pelican Pools

Lastest from Businesswire - Tue, 01/21/2025 - 06:31
NEWARK, N.J.--(BUSINESS WIRE)-- #O2Investment--O2 Investment Partners is pleased to announce that through its pool care platform Azureon, it has made an investment in Pelican Pools.

SQ INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Block, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Class Action Lawsuit

Lastest from Businesswire - Tue, 01/21/2025 - 06:31
SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements concerning Block business and prospects, resulting in its stock trading at inflated prices.

IIPR Investors Have Opportunity to Lead Innovative Industrial Properties, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Lastest from Businesswire - Tue, 01/21/2025 - 03:31
LOS ANGELES--(BUSINESS WIRE)--IIPR Investors Have Opportunity to Lead Innovative Industrial Properties, Inc. Securities Fraud Lawsuit with the Schall Law Firm

SQ Investors Have Opportunity to Lead Block, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Lastest from Businesswire - Mon, 01/20/2025 - 21:31
LOS ANGELES--(BUSINESS WIRE)--SQ Investors Have Opportunity to Lead Block, Inc. Securities Fraud Lawsuit with the Schall Law Firm

FTAI Investors Have Opportunity to Lead FTAI Aviation Ltd. Securities Fraud Lawsuit with the Schall Law Firm

Lastest from Businesswire - Mon, 01/20/2025 - 21:31
LOS ANGELES--(BUSINESS WIRE)--FTAI Investors Have Opportunity to Lead FTAI Aviation Ltd. Securities Fraud Lawsuit with the Schall Law Firm

RDW Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Redwire Corporation Is Fair to Shareholders

Lastest from Businesswire - Mon, 01/20/2025 - 18:30
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Redwire Corporation (NYSE: RDW) and Edge Autonomy is fair to Redwire shareholders. Redwire will pay the purchase price for the acquisition of Edge Autonomy in a combination of $150 million in cash and $775 million in shares of Redwire common stock. Halper Sadeh encourages Redwire shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or

BIOA INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that BioAge Labs, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Lastest from Businesswire - Mon, 01/20/2025 - 18:30
NEW YORK--(BUSINESS WIRE)---- $BIOA #BIOA--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against BioAge Labs, Inc. (“BioAge” or “the Company”) (NASDAQ: BIOA) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired BioAge securi

Healing Illinois Renews $4.5 Million Grant Initiative to Advance Racial Healing in Illinois

Lastest from Businesswire - Mon, 01/20/2025 - 15:30
SPRINGFIELD, Ill.--(BUSINESS WIRE)--Today on Martin Luther King Jr. Day of Service, a day to honor the life and legacy of Dr. King and to improve communities through civic service, the Illinois Department of Human Services (IDHS) announces the relaunch of Healing Illinois. This statewide effort, managed in partnership with the Field Foundation of Illinois, will address racial disparities by distributing $4.5 million in grants for organizations to begin or continue the work of racial healing. Si

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