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Air taxi firm Vertical says Mudrick to convert some notes to equity, extend repayment deadline

Global Banking & Finance

By Abhijith Ganapavaram (Reuters) -UK-based Vertical Aerospace said on Monday that investor Mudrick Capital has agreed to convert half of its outstanding convertible debt to equity and extend the repayment date on the remainder to December 2028, providing the cash-strapped air-taxi maker with financial breathing room.

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The Dynamic Landscape of Software Mergers and Acquisitions in 2024

Solganick & Co.

According to recent reports, global end-user spending on SaaS applications is projected to reach $247 billion in 2024, with expectations to more than triple by 2028. The Software-as-a-Service (SaaS) vertical, in particular, has seen significant traction, driven by enterprises’ increasing reliance on cloud and AI-based and solutions.

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Fireside Friday with Brown Brothers Harriman’s… Brendan Burke

The TRADE

For example, a manager can take the approach of “set it and forget it” whereby they would send copies of equity trades to an outsourced execution desk, have the orders filled, with settlement messages routed to custodians, and a confirm sent back to the client.

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From Cliff to Escalator: Why the 5-year Higher Ed Enrollment Outlook is Less Dire Than Some May Suggest

Tyton Partners

Although international enrollment is a relatively small share as compared to total, its growth provides a solid buffer against demographic downturn: bearing in mind geopolitical uncertainties, Tyton projects heightened international enrollment in U.S.