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Image source: The Motley Fool. Organigram (NASDAQ: OGI) Q4 2024 Earnings Call Dec 18, 2024 , 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Organigram Holdings fourth quarter fiscal 2024 earnings conference call.
Vance Street Capital has acquired System Seals , a Cleveland-based designer and manufacturer of high-performance sealing products. System Seals specializes in designing and manufacturing proprietary, high-performance sealing products that require high compliance, material, performance, or tolerance requirements, particularly for systems with high failure costs.
Walgreens Boots Alliance (NASDAQ: WBA) stock looks to have finally received some much-needed bullishness from investors. The stock was jumping last week on rumors that a private equity firm may be buying the company. While Walgreens stock is still down more than 60% this year (as of the end of last week), it is showing signs of life of late. But before you jump in and decide to take a chance on this beaten-down stock, there are some things to consider.
Northern Wholesale Supply (NWS), a distributor of outdoor and powersports equipment and supplies, has been acquired by Sun Capital Partners. NWS products catalog has more than 30,000 parts and accessories for recreational vehicles ; powersports vehicles , including snowmobiles and jet skis; boat-related parts, accessories, and supplies; and manufactured and mobile home components.
The electric vertical takeoff and landing (eVTOL) industry represents the next frontier in aviation, with JPMorgan analysts projecting a $1 trillion market opportunity by 2040. Among the companies vying to capture this massive potential, Archer Aviation (NYSE: ACHR) , valued at $3.88 billion, stands out through two transformative developments that reshape its growth trajectory.
January Capital, a Singapore-based asset management firm, has secured over $85m in initial investor commitments for a growth credit fund that will focus on the technology sector, according to a report by BNN Bloomberg. The report cites a company statement as highlighting that the fund aims to provide loans to private equity-backed technology companies in the Asia Pacific region, addressing a growing funding gap for these businesses that are often too large for lenders who cater to unprofitable t
When looking at artificial intelligence (AI) stocks with market caps of less than $10 billion, two prominent names are SoundHound AI (NASDAQ: SOUN) and BigBear.ai (NYSE: BBAI). Although both started the year with market caps of less than $1 billion, the approximate eightfold increase in SoundHound's stock price so far in 2024 (as of this writing) has pushed its market cap to almost $7 billion.
New mid-sized businesses emerging in the Gulf are expected to create fresh lending opportunities for private credit firms in the region, initially in the hundreds of millions of dollars, according to Bloomberg UK, citing Golub Capital CEO, Lawrence Golub. Golub Capital, with $70bn in loans outstanding, has recently opened an office in Abu Dhabi and hired Naser Almutairi as managing director for the Gulf region.
New mid-sized businesses emerging in the Gulf are expected to create fresh lending opportunities for private credit firms in the region, initially in the hundreds of millions of dollars, according to Bloomberg UK, citing Golub Capital CEO, Lawrence Golub. Golub Capital, with $70bn in loans outstanding, has recently opened an office in Abu Dhabi and hired Naser Almutairi as managing director for the Gulf region.
Energy Transfer (NYSE: ET) is popular among income-seeking investors. The master limited partnership (MLP) offers a monster distribution that currently yields 7%. That's well above the S&P 500's dividend yield (1.2%). Further, the company plans to steadily increase its payment each quarter, targeting yearly growth at a 3% to 5% annual rate. As good as Energy Transfer's income is these days , fellow MLP Western Midstream Partners (NYSE: WES) offers an even bigger yield at 9%.
Australia’s Insignia Financial has turned down Bain Capital’s AUD$2.67bn ($1.69bn) takeover offer, stating that the bid fails to reflect fair value for its shareholders, and blocking Bain’s Asia expansion, according to a report by Reuters. Earlier this month, Bain proposed AUD4 per share for the 178-year-old wealth management firm, sparking renewed investor interest in Australia-based wealth managers.
British American Tobaccos corporate venture fund Btomorrow Ventures has launched its second fund focuses on wellbeing and stimulation businesses, saying the 200m vehicle provides further proof of its ambition to "build a smokeless world". The post British American Tobacco claims ambition to “build a smokeless world”, launches 200m ‘beyond nicotine’ fund appeared first on AltAssets Private Equity News.
Cornell Capital has promoted Jennifer Cattier to Partner. Based in the firms New York office, Ms. Cattier will continue to oversee operations and personnel, drive strategic priorities, and lead infrastructure initiatives for the firm. Ms. Cattier joined Cornell Capital in 2022 as the firms chief operating officer and chief compliance officer. With todays promotion, Cornell Capitals partner group now consists of seven partners across its New York City and Hong Kong offices.
ZENRG Services, a Houston, TX-based provider of emission reduction services for energy industry operations, raised an undisclosed amount in Series A funding. The round was led by EIC Rose Rock with participation from Chevron Technology Ventures, BP Energy Partners, and existing investors. The company intend to use the funds to expand its customer base and […] The post ZENRG Services Raises Series A Funding appeared first on FinSMEs.
Blackstone Cements Position as a Leading Foreign Hotel Investor in Japan, Adds Three Hotels to Portfolio TOKYO December 19 , 2024 Blackstone (NYSE: BX) announced that Real Estate funds managed by Blackstone (Blackstone) have entered into definitive agreements to acquire three hotels in Osaka and Okinawa Ritz Carlton Okinawa, Kise Beach Palace, and Nest Hotel Osaka.
Ocorian, a global provider of fund administration, capital markets, corporate and compliance solutions, has launched a new reporting and analytics platform in partnership with AssetMetrix, a provider of digital solutions for the private markets. According to a press statement, the platform, which is aimed at streamlining operations, improving decision-making, and enhancing portfolio analytics for fund administration and corporate clients worldwide, integrates data from multiple sources and provi
Blue J, a Toronto, Canada-based provider of generative AI-powered tax research to accounting and tax professionals, raised an undisclosed amount in Series C funding. The round was led by Ten Coves Capital. Dan Kittredge, Managing Partner at Ten Coves Capital, will join Blue Js Board of Directors. The company intends to use the funds to […] The post Blue J Raises in Series C Funding appeared first on FinSMEs.
BVNK, a London, UK-based stablecoin payments infrastructure company, raised $50M in Series B funding. The round was led by Haun Ventures with participation from Coinbase Ventures, Scribble Ventures, DRW VC and existing investors Avenir and Tiger Global. The company intends to use the funds to expand operations and its development efforts. Led by Jesse Hemson Struthers, CEO, […] The post BVNK Raises $50M in Series B Funding appeared first on FinSMEs.
Building a portfolio involves more than simply picking stocks you think will appreciate. We believe its about combining stocks you think will appreciate in a way that balances upside potential with downside risk management.
SandboxAQ, a Palo Alto, CA-based company delivering solutions at the intersection of AI and quantum techniques, raised more that $300M in funding. The round, which valued the company at$5.3 billionon a pre-money basis, was led by Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital,Rizvi Traverse, S32, US Innovative […] The post SandboxAQ Raises More Than $300M in Funding appeared first on FinSMEs.
Singapore, Singapore, 18th December 2024, Chainwire The post NFTMozaic Secures Web3 Foundation Grant to Unite and Elevate Polkadot’s NFT Ecosystem appeared first on FinSMEs.
M&A Industry Report: Business Services Q3 2024 | www.focusbankers.com FOCUS Investment Banking is a trusted name in M&A advisory services with a nationwide footprint and a global reach. An Axial member since 2010, FOCUS works across a broad range of industries and has marketed more than 225 deals on the Axial platform. FOCUS is a trusted member of the Axial Partnership Program and contributes content and industry insights to Axial’s Middle Market Review.
3Gen Consulting, a Mumbai, India-based provider of healthcare consulting and revenue cycle management (RCM) services, received a USD 22M investment from Piramal Alternatives. The company intends to use the funds to expand its operations, enhance its technological capabilities, and enter new markets. Led by CEO and Founder Hemant Apte, 3Gen Consulting is a healthcare consulting […] The post 3Gen Consulting Receives USD 22M Investment from Piramal Alternatives appeared first on FinSMEs.
Retellio, a St. John’s, Newfoundland and Labrador, Canada-based provider of a B2B customer insights software platform, raised $1.3M in funding. The round was led by Pelorus Ventures, with participation from Island Capital, East Valley Ventures, The51, the Womens Equity Lab and others. The company intends to use the funds to expand operations and its development […] The post Retellio Raises $1.3M in Funding appeared first on FinSMEs.
Singapore, Singapore, 18th December 2024, Chainwire The post dTRINITY Launches Subsidized Stablecoin Lending Protocol on Fraxtal L2 appeared first on FinSMEs.
JMI Equity, a growth equity firm focused on investing in leading software companies, is proud to announce that two of its investment professionals, Partner Larry Contrella and Principal Mac Williams, have been named to GrowthCaps prestigious Top 40 Under 40 Growth Investors of 2024. This recognition highlights individuals who have made significant contributions to the evolution of growth equity and growth buyouts.
Dubai, India, 18th December 2024, Chainwire The post Sophon Mainnet Goes Live with $500M TVL and Strategic Industry Collaborations appeared first on FinSMEs.
ICEYE, a Helsinki, Finland-based company which specializes in synthetic aperture radar (SAR) satellite operations for high-fidelity Earth Observation, persistent monitoring, and natural catastrophe solutions, raised $65M extension to existing growth round. Backers included Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev. The company intends to use the funds to increase investment in further developing its […] The post ICEYE Closes $65M Extension to Existing Growth Roun
The XRP (CRYPTO: XRP) cryptocurrency is skyrocketing these days. After trading sideways or down for more than three years, the crypto formerly known as Ripple sprung to life in November. As of Dec. 17, XRP has gained 396% in six weeks and risen in the blockchain market ranks. This is now the third-largest name in the crypto market, sorted by total market value.
Plume, a NYC-based provider of an integrated modular Layer-1 blockchain focused on Real World Asset Finance (RWAfi), raised $20M in Series A funding. Backers included Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures, and others.
IDG Capital, a venture capital firm with offices in both Beijing and the United States, has been removed from a Pentagon list identifying companies with connections to the Chinese military, according to a Bloomberg report citing the US Department of Defense. Founded in 1993, IDG is one of the longest-standing firms in China and also operates offices in Boston and New York.
SAN FRANCISCO, United States, 18th December 2024, Chainwire The post Pepeto Project Launches Utility-Driven Solutions for Memecoins appeared first on FinSMEs.
Dividend investors often prioritize stocks that have long track records for raising their payouts. But that can be a mistake. A long streak doesn't necessarily make a dividend stock a good long-term buy. After all, those increases may only be modest, for the sake of keeping the streak going. And if a company increases its dividend by just one or two percentage points, that's not even going to offset inflation.
Jolt Energy Storage Technologies, a Holland, MI-based company which specializes in sustainable organic energy storage materials, raised $4M in Series A funding. Backers were not disclosed. The company intends to use the funds to accelerate prototype development, field testing, design and manufacturing processes to pave the way for commercial scalability of its organic flow battery […] The post Jolt Energy Storage Technologies Closes $4M Series A Funding appeared first on FinSMEs.
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