Sunstone

DLL and Sunstone Credit Announce Partnership to Accelerate Adoption of Renewable Energy in the U.S. through Accessible Solar Financing

Retrieved on: 
Donnerstag, Mai 30, 2024

NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- DLL is partnering with Sunstone Credit, Inc. , a commercial solar loan platform that helps businesses switch to clean energy, to provide solar financing solutions that accelerate the adoption of renewable energy in the United States.

Key Points: 
  • NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- DLL is partnering with Sunstone Credit, Inc. , a commercial solar loan platform that helps businesses switch to clean energy, to provide solar financing solutions that accelerate the adoption of renewable energy in the United States.
  • DLL is committed to supporting the shift towards cleaner energy and decarbonization, as well as energy-efficient equipment for its partners and end-users, and will be providing Sunstone Credit with financing solutions for energy producing and energy infrastructure assets which include solar and battery storage.
  • Through this partnership, Sunstone Credit will leverage DLL’s global reach, as well as its exceptional customer service and extensive product offering to bring creative new financing solutions to the U.S. commercial solar market .
  • The partnership will build on Sunstone Credit’s existing cost-effective solar financing solutions and will further support and accelerate the energy transition and the reduction of greenhouse gas intensity across the country.

Tool To Warn Of Concussions Wins Grand Prize At Sunstone CSU Startup Launch Competition 2024

Retrieved on: 
Donnerstag, Mai 9, 2024

The young entrepreneurs were vying for $200,000 in prize money from the Sunstone Community Fund, the charitable donor-advised fund which raises money to support entrepreneurship at its earliest stages.

Key Points: 
  • The young entrepreneurs were vying for $200,000 in prize money from the Sunstone Community Fund, the charitable donor-advised fund which raises money to support entrepreneurship at its earliest stages.
  • Andrew Jenkins said Concussion Coach’s journey to the Grand Prize didn’t start auspiciously.
  • Next year’s Sunstone CSU Startup Launch Competition will be at San Francisco State University in Spring 2025.
  • In the latest Pitchbook rankings, Sunstone Management was #15 in the third quarter of 2023 nationally, and #18 in the fourth quarter .

SLR Investment Corp. Announces Quarter Ended March 31, 2024 Financial Results

Retrieved on: 
Mittwoch, Mai 8, 2024

NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- SLR Investment Corp. (NASDAQ: SLRC) (the “Company”, “SLRC”, “we”, or “our”) today reported net investment income (“NII”) of $23.9 million, or $0.44 per share, for the first quarter of 2024. On May 8, 2024, the Board declared a quarterly distribution of $0.41 per share payable on June 27, 2024 to holders of record as of June 13, 2024.

Key Points: 
  • During the quarter ended March 31, 2024, SSLP had net portfolio growth of $29.1 million with $0.8 million of investments repaid.
  • SLR Investment Corp.’s Results of Operations for the Quarter Ended March 31, 2024 compared to the Quarter Ended March 31, 2023
    For the fiscal quarters ended March 31, 2024 and 2023, gross investment income totaled $58.1 million and $53.5 million, respectively.
  • SLRC’s net expenses totaled $34.2 million and $31.4 million, respectively, for the three months ended March 31, 2024 and 2023.
  • SLRC’s net investment income totaled $23.9 million and $22.1 million, or $0.44 and $0.41 per average share, respectively, for the fiscal quarters ended March 31, 2024 and 2023.

Compass Pathways announces durable improvement in symptoms through 12 weeks in open-label phase 2 study of COMP360 psilocybin in post-traumatic stress disorder

Retrieved on: 
Mittwoch, Mai 8, 2024

“These results, with early and lasting improvement in symptoms following a single administration of COMP360, are highly encouraging,” said Dr.

Key Points: 
  • “These results, with early and lasting improvement in symptoms following a single administration of COMP360, are highly encouraging,” said Dr.
  • “These observations, even with a small, open-label study, suggest that COMP360 could provide a clinically meaningful benefit and substantially improve patient daily function and quality of life.
  • The well tolerated safety profile for COMP360 in patients with PTSD, with no serious adverse events observed, advance our understanding of potential applications of COMP360.
  • Compass previously announced 24-hour safety data from the study, which indicated that COMP360 was well-tolerated, with no treatment emergent serious adverse events.

Evolectric Celebrates HQ Grand Opening-Targets to Convert 100k Vehicles per Year to Electric

Retrieved on: 
Dienstag, April 30, 2024

This significant expansion marks a major milestone in Evolectric's mission to accelerate the global transition from gasoline to electric vehicles through innovative and cost-effective solutions.

Key Points: 
  • This significant expansion marks a major milestone in Evolectric's mission to accelerate the global transition from gasoline to electric vehicles through innovative and cost-effective solutions.
  • Evolectric has successfully demonstrated that a decentralized and scalable installation model is viable through service centers local to their customer's fleets.
  • John Keisler, CEO of Sunstone Management: "Short-haul and regional commercial vehicles are the ones negatively impacting the community the most.
  • Sunstone is a venture partner working with government entities in unlocking working capital for companies like Evolectric and their customers."

M&T Bank and Sunstone Credit Announce Joint Program to Give More Businesses Access to Simple, Affordable Solar Financing

Retrieved on: 
Donnerstag, April 25, 2024

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Sunstone Credit, Inc. , a commercial solar loan platform that helps businesses switch to clean energy, today announced a program with M&T Bank (NYSE:MTB) to give more businesses access to easy, affordable solar financing.

Key Points: 
  • NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Sunstone Credit, Inc. , a commercial solar loan platform that helps businesses switch to clean energy, today announced a program with M&T Bank (NYSE:MTB) to give more businesses access to easy, affordable solar financing.
  • Despite the advantages and incentives for businesses to go solar, most companies lack access to loan financing for solar installations, forcing them to pay cash or forgo switching to clean energy altogether.
  • By collaborating with M&T Bank, a top 20 commercial bank in the United States, Sunstone will expand access to its simple, cost-effective loan financing, helping more businesses afford solar systems.
  • The company also recently acquired ORKA Finance , a commercial solar lender, and joined a consortium of investors to buy Sunlight Financial, a residential solar financing company.

Sunstone Credit Launches Consultant Partner Program to Simplify Lending for Solar Energy Brokers and Their Clients

Retrieved on: 
Donnerstag, April 18, 2024

NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) -- Sunstone Credit, Inc. , a commercial solar loan platform that helps businesses switch to clean energy, today announced the launch of its Consultant Partner Program, which will give solar energy brokers and consultants easier, quicker access to Sunstone’s loan offerings and extensive installer network.

Key Points: 
  • NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) -- Sunstone Credit, Inc. , a commercial solar loan platform that helps businesses switch to clean energy, today announced the launch of its Consultant Partner Program, which will give solar energy brokers and consultants easier, quicker access to Sunstone’s loan offerings and extensive installer network.
  • To date, energy consultants have typically had limited visibility into lending terms, which forced them to go back and forth with borrowers in a way that slowed their sales process and delayed businesses' transition to solar energy.
  • Sunstone’s new Consultant Partner Program gives consultants and brokers access to all the information they need through an easy-to-use online portal, which makes it faster and simpler for them to close deals.
  • “Sunstone is giving us the tools we need to help our clients go solar without delay, confusion, or compromise,” said Steve Dafnis of EcoLogic Capital.

Sunstone Partners Announces Growth Investment in Accuhealth

Retrieved on: 
Dienstag, April 16, 2024

Sunstone Partners' investment is intended to support Accuhealth’s rapid growth and empower the expansion of the company’s service offerings.

Key Points: 
  • Sunstone Partners' investment is intended to support Accuhealth’s rapid growth and empower the expansion of the company’s service offerings.
  • “This investment marks a pivotal moment for Accuhealth, enabling us to accelerate our growth trajectory and further enhance our RPM and CCM solutions.
  • We look forward to this next phase of growth with the Accuhealth team,” said Ankur Rathi, Partner at Sunstone Partners.
  • Additionally, Jennifer (Jeni) Bahr, previously CFO of Sunstone Partners’ prior portfolio company NetSPI, will be joining Accuhealth as CFO.

Sunstone Cities Will Provide Economic Development Expertise To Municipalities

Retrieved on: 
Freitag, April 12, 2024

A focus on municipal economic development at Sunstone Management, Inc., has resulted in the creation of Sunstone Cities LLC, which empowers local governments to transform their communities through strategic economic development initiatives.

Key Points: 
  • A focus on municipal economic development at Sunstone Management, Inc., has resulted in the creation of Sunstone Cities LLC, which empowers local governments to transform their communities through strategic economic development initiatives.
  • Sunstone Management CEO John Keisler announced the initiative Thursday, April 11, at the final pitch event of the second annual Sunstone Economic Development Challenge @ USC Price.
  • “We believe we have unique capabilities to help smaller cities that might not have the resources to staff a full economic development department,” Keisler said.
  • Sunstone Cities is ready to help create brighter futures for municipalities of all shapes and sizes.”
    Sunstone’s contract with Anaheim is to develop a strategic economic development plan for that city.

Hyde Park Capital Advises Accuhealth on Growth Investment from Sunstone Partners

Retrieved on: 
Donnerstag, April 18, 2024

Hyde Park Capital served as the exclusive investment banker to Accuhealth for this transaction.

Key Points: 
  • Hyde Park Capital served as the exclusive investment banker to Accuhealth for this transaction.
  • Stephen Samson, CEO and Co-Founder of Accuhealth, expressed his excitement about the acquisition, stating, "Teaming up with Sunstone Partners represents a significant progression for Accuhealth.
  • Bob Deveros, CFO and Co-Founder of Accuhealth, added, "We are greatly appreciative of the guidance provided by the team at Hyde Park Capital.
  • Chris Fieschko, Director at Hyde Park Capital, reflected on the transaction: "It has been a privilege to advise Accuhealth throughout this process.