Morgan Stanley

Momentus to Participate in Morgan Stanley Space Summit

Retrieved on: 
Friday, December 2, 2022

Momentus Inc. (NASDAQ: MNTS) (Momentus or the Company), a U.S. commercial space company that offers transportation and other in-space infrastructure services, announced that Chief Executive Officer John Rood will participate in the Morgan Stanley 5th Annual Space Summit taking place on December 6, 2022, in New York City.

Key Points: 
  • Momentus Inc. (NASDAQ: MNTS) (Momentus or the Company), a U.S. commercial space company that offers transportation and other in-space infrastructure services, announced that Chief Executive Officer John Rood will participate in the Morgan Stanley 5th Annual Space Summit taking place on December 6, 2022, in New York City.
  • Mr. Rood will participate in the Space Infrastructure To the Moon and Back and Everything in Between panel beginning at 2:15 p.m.
  • Additionally, Mr. Rood will host meetings with institutional investors, which can be arranged through your Morgan Stanley representative.
  • Momentus Chief Executive Officer John Rood will participate in the Space Infrastructure To the Moon and Back and Everything in Between panel that will be moderated by Kristine Liwag, Aerospace and Defense Analyst, Morgan Stanley.

Shoals Technologies Group, Inc. Announces Pricing of Upsized Offering of 26,000,000 Shares of Class A Common Stock

Retrieved on: 
Friday, December 2, 2022

The Company is offering 2,000,000 shares of its Class A common stock, and certain selling stockholders (collectively, the Selling Stockholders), comprising Dean Solon and certain of his affiliates, are offering 24,000,000 shares of the Companys Class A common stock.

Key Points: 
  • The Company is offering 2,000,000 shares of its Class A common stock, and certain selling stockholders (collectively, the Selling Stockholders), comprising Dean Solon and certain of his affiliates, are offering 24,000,000 shares of the Companys Class A common stock.
  • The Company will not receive any of the proceeds from the sale of Class A common stock offered by the Selling Stockholders.
  • The Selling Stockholders also granted the underwriters a 30-day option to purchase up to an additional 3,900,000 shares of Class A common stock.
  • The Companys Class A common stock is listed on the Nasdaq Global Market under the symbol SHLS.

MUFG Announces Completion of the Sale of MUFG Union Bank to U.S. Bancorp

Retrieved on: 
Friday, December 2, 2022

On September 21, 2021, MUFG and MUFG Bank, a core banking subsidiary of MUFG, announced an agreement[1] to sell all shares of MUFG Union Bank, N.A.

Key Points: 
  • On September 21, 2021, MUFG and MUFG Bank, a core banking subsidiary of MUFG, announced an agreement[1] to sell all shares of MUFG Union Bank, N.A.
  • (Union Bank), MUFGs subsidiary owned through MUFG Americas Holdings Corporation (MUAH), to U.S. Bancorp (USB).
  • MUFG is pleased to announce that the Share Transfer was completed on December 1, 2022.
  • Before the closing of the Share Transfer, Union Bank declared and paid a special dividend of approximately $4.6 billion to its parent, MUAH.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Retrieved on: 
Thursday, December 1, 2022

Investors should not draw any conclusions about a Funds investment performance from the amount of its distribution or from the terms of its managed distribution plan.

Key Points: 
  • Investors should not draw any conclusions about a Funds investment performance from the amount of its distribution or from the terms of its managed distribution plan.
  • The Funds Board may amend or terminate the managed distribution plan at any time without prior notice to Fund shareholders.
  • The Distribution Rate at Market Price is based on the Fund's most recent regular distribution per share (annualized) divided by the Funds market price at the end of the period.
  • Eaton Vance is a part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.

P3 Health Partners Names Atul Kavthekar Chief Financial Officer

Retrieved on: 
Thursday, December 1, 2022

P3 Health Partners Inc. (P3 or the Company) (NASDAQ: PIII), a patient-centered and physician-led population health management company, today announced Atul Kavthekar will be joining the Company as Chief Financial Officer (CFO), on December 12, 2022.

Key Points: 
  • P3 Health Partners Inc. (P3 or the Company) (NASDAQ: PIII), a patient-centered and physician-led population health management company, today announced Atul Kavthekar will be joining the Company as Chief Financial Officer (CFO), on December 12, 2022.
  • We are delighted to have Atul join the P3 team, said Dr. Sherif Abdou, P3s Co-founder and Chief Executive Officer.
  • Mr. Kavthekar commented, I am so pleased to join P3 Health Partners, a leader in value-based healthcare.
  • About P3 Health Partners (NASDAQ: PIII):
    P3 Health Partners Inc. is a leading population health management company committed to transforming healthcare by improving the lives of both patients and providers.

Positioning Itself for Rapid Growth, United Dental Corporation Announces New Board and Leadership Team

Retrieved on: 
Thursday, December 1, 2022

MIAMI, Dec. 1, 2022 /PRNewswire/ -- United Dental Corporation ("UDC"), the premier Dental Partnership Organization (DPO) in the U.S. dental market, today announced the following leadership changes to help guide the company through its early growth phase.

Key Points: 
  • MIAMI, Dec. 1, 2022 /PRNewswire/ -- United Dental Corporation ("UDC"), the premier Dental Partnership Organization (DPO) in the U.S. dental market, today announced the following leadership changes to help guide the company through its early growth phase.
  • I would be remiss if I did not heartily recognize Erik's specific effort as President during this transition period."
  • Dr. Nitin Doshi said "UDC's leadership changes are the result of a thoughtful succession planning process that started several months ago.
  • We fully endorse Ray's model and the new Board members will provide strategic, financial, and relationship support to position the Company for rapid growth, profitability, and success."

E*TRADE from Morgan Stanley Releases Monthly Sector Rotation Study

Retrieved on: 
Thursday, December 1, 2022

E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.

Key Points: 
  • E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.
  • View the full release here: https://www.businesswire.com/news/home/20221201005766/en/
    E*TRADE from Morgan Stanley provides financial services to retail customers.
  • The material provided by E*TRADE Securities LLC or its affiliates (E*TRADE from Morgan Stanley) is for educational purposes only and is not an individualized recommendation.
  • E*TRADE from Morgan Stanley, E*TRADE, and the E*TRADE logo are registered trademarks of Morgan Stanley or its affiliates.

Morgan Stanley Sustainable Signals: New Survey Shows Opportunities Exist for Asset Managers to Better Meet Asset Owner Sustainable Investing Needs

Retrieved on: 
Thursday, December 1, 2022

Asset managers have the opportunity to meet asset owners growing demands for sustainable investment practices, products and reporting, according to new research by the Morgan Stanley Institute for Sustainable Investing .

Key Points: 
  • Asset managers have the opportunity to meet asset owners growing demands for sustainable investment practices, products and reporting, according to new research by the Morgan Stanley Institute for Sustainable Investing .
  • Eighty-five percent of asset managers and 83% of asset owners state that they already implement or plan to implement sustainable investing in all or part of their portfolios.
  • New and Expanded Sustainable Investing Products 50% of asset owners identified climate change as their top thematic investment priority, while just 33% of asset managers have product offerings that meet that demand.
  • Sustainable Investing Data & Metrics 82% of asset owners want managers to provide carbon footprint data, but only 63% of asset managers surveyed offer this information.

FREYR Battery Announces Pricing of Upsized $230,000,000 Public Offering of Ordinary Shares

Retrieved on: 
Thursday, December 1, 2022

FREYR Battery (NYSE: FREY) (FREYR), a developer of clean, next-generation battery cell production capacity, today announced the pricing of its upsized underwritten public offering of 20,000,000 of its Ordinary Shares, without nominal value.

Key Points: 
  • FREYR Battery (NYSE: FREY) (FREYR), a developer of clean, next-generation battery cell production capacity, today announced the pricing of its upsized underwritten public offering of 20,000,000 of its Ordinary Shares, without nominal value.
  • Each Ordinary Share is being offered at a public offering price of $11.50 per share, less underwriting discounts and commissions.
  • The gross proceeds to FREYR from the offering, before deducting the underwriting discounts and commissions and offering expenses payable by FREYR, are expected to be $230,000,000.
  • FREYR has granted the underwriters a 30-day option to purchase up to 3,000,000 additional Ordinary Shares at the price to the public, less underwriting discounts and commissions.

VICI Properties Inc. to Acquire Remaining 49.9% Interest in MGM Grand Las Vegas and Mandalay Bay Joint Venture From Blackstone Real Estate Income Trust, Inc.

Retrieved on: 
Thursday, December 1, 2022

The properties, situated at the south end of the Las Vegas Strip in Las Vegas, Nevada, are subject to an existing triple-net lease agreement between the joint venture and MGM Resorts International (NYSE: MGM).

Key Points: 
  • The properties, situated at the south end of the Las Vegas Strip in Las Vegas, Nevada, are subject to an existing triple-net lease agreement between the joint venture and MGM Resorts International (NYSE: MGM).
  • Edward Pitoniak, Chief Executive Officer of VICI Properties, said, We have been honored to be BREITs partner in the MGM Grand Las Vegas / Mandalay Bay joint venture and this transaction further demonstrates the ability of Blackstone and VICI to work together productively, now and in the future.
  • The MGM Grand Las Vegas / Mandalay Bay triple-net lease has a remaining initial lease term of approximately 27 years (expiring in 2050) with two ten-year tenant renewal options.
  • Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors.