SVB

SVB Financial Group Enters into Definitive Agreement for the Sale of SVB Capital

Retrieved on: 
Venerdì, Maggio 3, 2024
Sale, Bankruptcy, Oliver Cromwell, Hearing, SVB, Pink, Partnership, Centerview Partners, History, Court, United States bankruptcy court, Alvarez and Marsal, Brookfield (corporation), Sullivan & Cromwell, Silicon, SAN, Security (finance)

SAN FRANCISCO, May 2, 2024 /PRNewswire/ -- SVB Financial Group (Pink Sheets: SIVBQ) today announced that it has entered into a definitive agreement under which a newly created entity affiliated with Pinegrove Capital Partners ("Pinegrove") and backed by permanent capital from Brookfield Asset Management ("Brookfield") and Sequoia Heritage, will acquire the Company's investment platform business, SVB Capital. Under the terms of the agreement, SVB Capital would be acquired for a combination of cash and other economic consideration.

Key Points: 
  • Under the terms of the agreement, SVB Capital would be acquired for a combination of cash and other economic consideration.
  • On May 2, 2024, SVB Financial Group filed a motion seeking the Court's authorization to approve buyer protections for the Pinegrove affiliate and consummate a sale of the SVB Capital business.
  • The transaction is supported by SVB Financial Group and key creditor groups, including the Official Committee of Unsecured Creditors, the Ad Hoc Group of Senior Noteholders and the Ad Hoc Cross-Holder Group.
  • Centerview Partners LLC is serving as financial advisor, Sullivan & Cromwell LLP is serving as legal counsel and Alvarez & Marsal is serving as the restructuring advisor to SVB Financial Group as debtor-in-possession.

Lazard Reports First-Quarter 2024 Results

Retrieved on: 
Giovedì, Aprile 25, 2024
Professional Services, Finance, Debt-to-GDP ratio, Sale, Avison Young, Service provider, Schaeffler Group, Enviva, Vitesco Technologies, Weather, CSR Limited, Lazard, AbbVie, Thomson Reuters, Francisco Partners, SVB, The Weather Company, Conference, Euronext Paris, Rubicon, Mars, Endo International, Tax, Silicon, Lumen Technologies, AUM, Acquisition, Mars, Incorporated, Massimo Zanetti Beverage Group, AFE, Share repurchase, Bank statement, Name, Asset management, GAAP, Sixth Street Partners, Note, Telescopic sight

On April 24, 2024, Lazard declared a quarterly dividend of $0.50 per share on its outstanding common stock.

Key Points: 
  • On April 24, 2024, Lazard declared a quarterly dividend of $0.50 per share on its outstanding common stock.
  • Beginning in the first quarter of 2024, Lazard has updated the names of certain non-U.S. GAAP ("non-GAAP") measures and metrics.
  • We believe that presenting our results on an adjusted basis, in addition to the U.S. GAAP results, is a meaningful and useful way to compare our operating results across periods.
  • ET on April 25, 2024, to discuss the company’s financial results for the first quarter of 2024.

Redbud-Sponsored Missouri Startup Weekend Leaves Solvtax Poised to Be Next Billion-Dollar Alumni

Retrieved on: 
Lunedì, Aprile 15, 2024
Fintech, Professional Services, Finance, University, WIN, Mentorship, Veterans United Home Loans, SVB, Silicon Valley Bank, Silicon, Music, Multimedia, Investment, Video game

Redbud-sponsored Missouri Startup Weekend ends with Solvtax as the winner.

Key Points: 
  • Redbud-sponsored Missouri Startup Weekend ends with Solvtax as the winner.
  • View the full release here: https://www.businesswire.com/news/home/20240412357159/en/
    First place winner of 2024 Missouri Startup Weekend, Solvtax.
  • (Photo: Business Wire)
    Ears perked up throughout the audience of Missouri Startup Weekend (MOSW) when Solvtax presented their winning pitch: a solution for avoiding financial implications through better business personal property tax management.
  • Missouri Startup Weekend , co-chaired by Brett Calhoun, Sas Cairnes, and Maria Heyen, is in its 12th year and was hosted in Columbia from April 5-7th.

Council of Federal Home Loan Banks Applauds GAO Report Findings

Retrieved on: 
Lunedì, Aprile 8, 2024
Deposit insurance, Signature, First Republic Bank, Congress, Federal Reserve Bank, Federal Home Loan Banks, Communication, FDIC, Federal Deposit Insurance Corporation, SVB, Federal, Council, Safety, Federal Housing Finance Agency, Federal Reserve, Silicon Valley Bank, Signature Bank, Bank

WASHINGTON, April 08, 2024 (GLOBE NEWSWIRE) -- The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today applauded the findings of a recently published report from the Government Accountability Office (GAO) on the actions of the FHLBanks during the spring 2023 bank failures that disrupted financial markets.

Key Points: 
  • WASHINGTON, April 08, 2024 (GLOBE NEWSWIRE) -- The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today applauded the findings of a recently published report from the Government Accountability Office (GAO) on the actions of the FHLBanks during the spring 2023 bank failures that disrupted financial markets.
  • Additional highlights from the GAO report include:
    Federal financial regulators did not identify FHLBank advances as a factor of concern in any of the three banks’ safety and soundness.
  • Starting on March 9, 2023, the FHLBanks and the Federal Reserve Banks of New York and San Francisco made several efforts, in accordance with their policies and procedures, to help the failing banks pledge collateral to obtain liquidity from the Federal Reserve Banks.
  • It is also worth noting that the GAO report affirms that advances provided to the failed banks had a very limited, if any, direct impact on the Deposit Insurance Fund.”

IMUNON Reports 2023 Financial Results and Provides Business Update

Retrieved on: 
Giovedì, Marzo 28, 2024
Transfer, Ovarian cancer, Immunotherapy, Patient, Lung, Vaccine, Good manufacturing practice, Sale, CMC, IND, Bangladesh Technical Education Board, IPR, Investment, Clinical trial, Neoplasm, Research, Primate, DNA, NOL, MD Anderson Cancer Center, Trial of the century, ITT, Safety, MRD, Interim, Silicon Valley Bank, Vaccination, Food, CMOS, Elsevier, CD8, Drug discovery, SVB, CRS, University, Death, SARS-CoV-2, Earnings call, Lassa mammarenavirus, PFS, Immunoglobulin G, FDA, OS, CD4, Temperature, Progression-free survival, COVID-19, Mouse, Messenger, Human, Wistar Institute, Hospital

LAWRENCEVILLE, N.J., March 28, 2024 (GLOBE NEWSWIRE) -- IMUNON, Inc. (NASDAQ: IMNN), a clinical-stage drug-development company focused on developing DNA-mediated immuno-oncology therapies and next-generation vaccines, today reported financial results for the year ended December 31, 2023. The Company also provided an update on its clinical development programs with IMNN-001, a DNA-based interleukin-12 (IL-12) immunotherapy in Phase 2 clinical development for the treatment of first-line, locally advanced-stage ovarian cancer, and on its PlaCCine modality, a proprietary mono- or multi-cistronic DNA plasmid and a synthetic DNA delivery technology for the expression of pathogen antigens in preclinical studies for the development of next-generation vaccines.

Key Points: 
  • “We remain on track to report topline results mid-year from the OVATION 2 Study with IMNN-001 in advanced ovarian cancer.
  • In September 2023, the Company announced interim PFS and OS data with IMNN-001 in its OVATION 2 Study.
  • The Company is hosting a conference call to provide a business update, discuss 2023 financial results and answer questions at 10:00 a.m. Eastern time today.
  • To participate in the call, please dial 866-777-2509 (Toll-Free/North America) or 412-317-5413 (International/Toll) and ask for the IMUNON 2023 Earnings Call.

The South End Technology Center and The Mary J Harris Foundation Partner to Further Mel King's Vision

Retrieved on: 
Martedì, Aprile 9, 2024
Health, Health literacy, Attention, Partnership, MIT, SVB, Patient, City, Social Problems, Quality of life, MBA, Silicon, Silicon Valley Bank

BOSTON, April 9, 2024 /PRNewswire/ -- The South End Technology Center and the Mary J. Harris Foundation, Inc. announced their commitment to providing technology education and access with specific attention towards health and life sciences. Underserved populations historically suffer the brunt of systemic imbalances and disparities. In areas faced with wide social determinants of health, a center of support is necessary for a quality of life. Their partnership follows the vision of utilizing innovative technology and digital strategies to address complex social problems and drive systemic change.

Key Points: 
  • BOSTON, April 9, 2024 /PRNewswire/ -- The South End Technology Center and the Mary J. Harris Foundation, Inc. announced their commitment to providing technology education and access with specific attention towards health and life sciences.
  • In areas faced with wide social determinants of health, a center of support is necessary for a quality of life.
  • Their partnership follows the vision of utilizing innovative technology and digital strategies to address complex social problems and drive systemic change.
  • The South End Technology Center founded by the late MIT Professor, Political figure and Activist Mel King, originated as a space to start the gateway for equal access into the technology era.

Parafin Secures $125 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital Inc.

Retrieved on: 
Martedì, Aprile 9, 2024
First Citizens BancShares, Software as a service, Growth, SVB, SAN, Fintech, Silicon, API, Silicon Valley Bank, Warehouse, DoorDash, Bank

SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin. Recently named to the 2024 Fintech Innovation 50, Parafin helps companies, such as marketplaces, vertical SaaS, and payment processors, launch and embed financial services for their sellers.

Key Points: 
  • Financing provided by SVB's National Fintech Practice and Trinity Capital Inc. (Nasdaq: TRIN)
    SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB) , a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin .
  • Provided by SVB's national fintech practice , the financing facility will support Parafin in providing capital to businesses on premier platforms such as DoorDash and Amazon.
  • Parafin employs a machine learning-based underwriting model based on sales performance to determine eligibility and create personalized financing offers.
  • "We're proud to partner with the teams at Parafin and SVB to provide this warehouse financing facility," said Steven Lambe, Managing Director, Warehouse Lending at Trinity Capital.

Liquidia Corporation Reports Full Year 2023 Financial Results and Provides Corporate Update

Retrieved on: 
Mercoledì, Marzo 13, 2024
Research, PRINT, SVB, Patient, Pulmonary hypertension, Sale, NDA, PTAB, Orthostatic hypertension, Promotion, Safety, Security, PAH, FDA, Food, Cryptocurrency

ET

Key Points: 
  • ET
    MORRISVILLE, N.C., March 13, 2024 (GLOBE NEWSWIRE) -- Liquidia Corporation (NASDAQ: LQDA) (Liquidia or the Company) today reported financial results for the full year ended December 31, 2023.
  • ET to discuss the 2023 financial results and provide a corporate update.
  • In December 2023, the previous ruling by the Patent Trial and Appeal Board (PTAB) that all of the claims in U.S. Patent No.
  • The year ended December 31, 2023 included a $2.3 million loss on extinguishment of debt related to repayment of the A&R SVB LSA in January 2023.

Blueground Raises $45 Million Series D to Lead the Market for Furnished, Flexible Rentals for 30+ Day Stays

Retrieved on: 
Giovedì, Marzo 28, 2024
Commercial Building & Real Estate, Apps, Applications, Technology, Construction & Property, Venture Capital, Professional Services, Software, Internet, Other Construction & Property, Residential Building & Real Estate, Deutsche Bank, Growth, Entrepreneurship, SVB, LLLP, Morgan Stanley, City, Housing, Investment, HSBC, Silicon Valley Bank, Video game

Blueground , the largest global operator of furnished, flexible rentals for 30+ day stays, today announced that it has secured $45 million in Series D funding.

Key Points: 
  • Blueground , the largest global operator of furnished, flexible rentals for 30+ day stays, today announced that it has secured $45 million in Series D funding.
  • The capital will be used to accelerate the development of Blueground’s technology and new strategic initiatives, fueling the company’s continued growth.
  • Flexible lifestyles remain highly sought-after worldwide, catering to the needs of both individuals and corporate travelers in their professional and personal endeavors.
  • Blueground generated ~$2 million in booking value to date for the Partner Network partners since launching in Q3 2023.

Paystand Named Winner of Fintech Breakthrough Award for DeFi Innovation

Retrieved on: 
Mercoledì, Marzo 20, 2024
Banking, Software, Networks, Professional Services, Internet, Blockchain, Fintech, Data Management, Payments, Apps, Applications, Technology, Security, Finance, Spend, Bitcoin, Ethereum, Mastercard, Organization, Citigroup, J. P. Morgan, Network, SVB, Education, JPMorgan Chase, Coinbase, Death, Insurance, Life, DSO, Silicon, Decentralized finance, CSR, Silicon Valley Bank, Movement, Cryptocurrency

Paystand , the global leader in blockchain-enabled B2B payments, today announced it has won the DeFi Innovation category in the 2024 Fintech Breakthrough Awards.

Key Points: 
  • Paystand , the global leader in blockchain-enabled B2B payments, today announced it has won the DeFi Innovation category in the 2024 Fintech Breakthrough Awards.
  • Paystand has been honored as one of the ‘breakthrough’ innovators in the fintech market today.
  • Notable companies also named as fintech winners include Coinbase, J.P. Morgan Chase, Mastercard, Citi, Experian, and more.
  • The award recognizes Paystand for its decentralized finance technology, including:
    The Paystand Network , which allows every Paystand customer as well as their payers (more than 800,000), to leverage the blockchain-enabled network for fast, secure and zero-transaction fees money movement.