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Hopin, the struggling virtual conference unicorn, sells events and engagement units to RingCentral

TechCrunch: M&A

Hopin , the virtual events startup that saw its star (and valuation) rise quickly during the COVID-19 pandemic, is most definitely coming down to earth. Today the company announced that it has sold its Events and Session business units to RingCentral for an undisclosed sum. Disclosure: TechCrunch has been a customer of Hopin’s.)

Business 223
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Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year

Mergers and Inquisitions

Technology & Services: This one includes any company that is built on top of sports, such as firms in the gambling, data/analytics, software, and live event sectors. However, one common point across all the verticals is that IPOs are not common because there aren’t that many publicly traded sports teams, stadiums, or arenas.

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LIG Assets (LIGA) to Acquire Stargaze Entertainment, Inc. (STGZ) – With The Focus on Building Studios, Attractions, and Live Event Venues

Global Newswire by Notified: M&A

08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – LIG Assets, Inc (OTC Pink: LIGA), a publicly traded sustainability-oriented holding company with a focus on sustainable housing, media, and logistic markets, has signed a significant Memorandum of Understanding (MOU) to merge part of their media division with Stargaze Entertainment Group, Inc., (OTC

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Raising finance: Convertible loan notes explained

Growth Business

Generally, they are a form of loan that can be converted into shares at a later date at the company’s discretion – at specific rates or in response to particular events. If they are unsecured then they will rank alongside all unsecured creditors in the event of a liquidation. They can be secured, although often are not.

Finance 59
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The Rise of Hedge Funds: Exploring Their Impact on Financial Markets

OfficeHours

Market Liquidity Hedge funds are large and active players in nearly every financial market, including equities, publicly traded credit, options, futures, commodities, etc. When certain positive or negative market events occur, concentration can result in high price volatility as hedge funds try to get out of a concentrated position.

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Delaware Chancery Court Dismisses Breach Of Fiduciary Duty And Quasi-Appraisal Claims Under Corwin

Shearman & Sterling

The Court dismissed the claims, finding that: (i) the business judgment rule applied because the merger consideration primarily consisted of stock in a publicly traded company and plaintiffs failed to plead a breach of the duty of loyalty; and (ii) in any event the proxy disclosures were sufficient to infer that the 98% stockholder approval of the (..)

Mergers 52
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Why Aren’t More Tire Dealerships Going Public?

Focus Investment Banking

First, there’s the ability to raise substantial capital by issuing shares to the public in an initial public offering (IPO), as well as secondary offerings. Second, publicly traded companies gain increased visibility, which can enhance their brand image and attract even more customers.