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Last week, Chromocell Therapeutics Corporation filed preliminary proxy materials that included a proposal to reincorporate in Nevada. The proposal also contemplates a simultaneous name change to “Channel Therapeutics Corporation”. The proposal also contemplates a simultaneous name change to “Channel Therapeutics Corporation”.
20, 2023 (GLOBE NEWSWIRE) -- Nocturne Acquisition Corporation (NASDAQ:MBTC, MBTCU, MBTCR) ("Nocturne") and Cognos Therapeutics, Inc. This strategic move marks Cognos's journey towards becoming a publicly traded company on the NASDAQ Stock Exchange. WILMINGTON, Del. and INGLEWOOD, Calif.,
01, 2024 (GLOBE NEWSWIRE) -- Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today closed on their previously announced combination. The combined company has been rebranded as Expand Energy Corporation. OKLAHOMA CITY, Oct.
18, 2023 (GLOBE NEWSWIRE) -- Golden Star Acquisition Corporation (NASDAQ: GODN) (“Golden Star”), a publicly-traded special purpose acquisition company, and Gamehaus Inc. As contemplated by the Merger Agreement, Gamehaus will operate through a publicly-traded holding company listed on the Nasdaq Stock Market.
The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations (“Covered Corporations”) effected after December 31, 2022 (the “Excise Tax”). [1]
Following the closing of the transaction, ZOOZ is expected to be publicly listed on Nasdaq under the symbol “ZOOZ”, and will remain listed on the Tel Aviv Stock Exchange (“TASE”). TEL AVIV, Israel and NEW YORK, New York, July 31, 2023 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd.
On April 12, 2024, the US Department of the Treasury and the IRS published proposed regulations ( 89 FR 25980 and 89 FR 25829 , the “Proposed Regulations”) on the application of Section 4501, 1 which imposes a 1% excise tax 2 on certain repurchases of stock of publicly traded US corporations (the “Excise Tax”).
V, a Delaware corporation formed as a special purpose acquisition company (“Mountain Crest V”), with its common stock publicly traded on The Nasdaq Stock Market under the trading symbol “MCAG” and CUBEBIO Co., NEW YORK, USA and SEOUL, Korea, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Mountain Crest Acquisition Corp.
The shares of common stock of Thunder Power Holdings are expected to commence trading on the Nasdaq Global Market on June 24, 2024, under the new ticker symbol “AIEV.” The Business Combination was approved at a special meeting of FLFV stockholders on June 17, 2024.
Securities and Exchange Commission adopted rules requiring corporations to disclose daily breakdowns about their stock buyback activity in quarterly reports. The rule is a big shift from the existing system where corporations provide quarterly disclosure of aggregate monthly buyback data on a delayed basis.
. ("Cyan") against Cyan's board, asserting a breach of fiduciary duty and "quasi-appraisal" claim in connection with Cyan's merger with Ciena Corporation in a cash and stock transaction. In re Cyan, Inc. Stockholders Litigation, C.A. 11714-CB (Del. May 11, 2017).
stock markets are at or near their all-time highs. The S&P 500 has recently traded near 4800, close to its record at the end of 2021. In that environment, very few firms sought IPOs, and there was a major slowdown in overall exits, whether private or public. But those companies have been public for more than 20 years.
Some of the tax provisions contained in the legislation, including the 1% excise tax on certain stock buybacks, may impact special purpose acquisition companies (SPACs) at key points in their life cycle. Notable public deals. Lavoro to Become Publicly Traded Through Business Combination With TPB Acquisition Corporation I.
. ("Cyan") against Cyan's board, asserting a breach of fiduciary duty and "quasi-appraisal" claim in connection with Cyan's merger with Ciena Corporation in a cash and stock transaction. In re Cyan, Inc. Stockholders Litigation, C.A. 11714-CB (Del. May 11, 2017).
Private equity involves investing capital directly into private businesses that are not publicly traded on stock exchanges (that would be a hedge fund). To further this, in investment banking and other corporate finance roles, processes are established to make junior-level roles more systematic and, (ergo) repetitive.
Private equity involves investing capital directly into private businesses that are not publicly traded on stock exchanges (that would be a hedge fund). To know if the buyside is right for you, let’s start with a textbook understanding of “What is private equity?”
Whether there’s a looming threat of a government shutdown or a sudden stock market sell-off, or the auction bids come in below expectations, the alternative track may present a superior exit option. Stock market forces also make the timing of an eventual outright exit and the final blended valuation of equity sales over time uncertain.
Retail investors are becoming an increasingly significant source of capital on public markets, and dealmakers should be aware of how this development can impact M&A transactions and the decision to go public. Public Companies. Implications for Dealmakers. Conclusion.
A SPAC is a publicly traded shell company with no underlying operating business that seeks to merge with a target operating company. In light of the trend, the US Securities Exchange Commission’s Division of Corporation Finance recently issued SPAC disclosure guidance. What is a SPAC. In re Benjamin H.
A dual-class structure typically entitles the holders of one class of the company’s common stock (often designated as Class B common stock) to multiple votes per share and the class of common stock offered to the public (often designated as Class A common stock) to a single vote per share. a ’naked no-vote fee’).
Although an IPO and a de-SPAC transaction both result in the target’s stockholders owning equity in a publicly-traded company, it is very possible that a target’s existing governance documents, including stockholders agreements, do not account for a de-SPAC transaction in the way that they would an IPO. Revisiting Governance Documentation.
Instead, life sciences companies focused on leveraging corporate carve outs and spinoffs to create liquidity through asset sales, develop leaner operations and focus their investments on key product candidates. Novartis announced plans to spin off its generics and biosimilars division into a publicly traded stand-alone company.
To determine the fair value of Regal’s common stock at the effective time of the merger, the court reduced the deal price by $3.77/share, Following the adjustments for synergies and changes in Regal’s value between signing and closing, the fair market value of Regal’s common stock was determined to be $23.60/share,
Related research from the Program on Corporate Governance includes Short-Termism and Capital Flows by Jesse M. corporations (the “Buyback Tax”). The Buyback Tax applies, with certain exceptions, to stock buybacks and other transactions effected after December 31, 2022 that are treated as redemptions for tax purposes.
But given the number of SPACs that went public in 2020 and have yet to announce a business combination (204 of 247), expect to see many more SPAC business combinations in 2021. As stock prices tumbled at the start of the pandemic, a cascade of companies adopted poison pills in an effort to stave off anticipated shareholder activism.
Main Quests and Side Quests: Always focus on your main story quest, i.e., your portfolio of liquid, publicly traded assets, and ignore or deprioritize the side quests, such as becoming a mini-VC or investing in real estate. Market Timing: Almost every expert will tell you its impossible to time the market, but I partially disagree.
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