Mergers and acquisitions

SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Hut 8

Retrieved on: 
Thursday, March 14, 2024
Bitcoin, Research, Bankruptcy, News, LLP, Data mining, Hut 8, Advertising, Court, Mergers and acquisitions, Cryptocurrency

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia.

Key Points: 
  • Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia.
  • In November 2023, Hut 8 formed following the merger of Hut 8 Mining Corp. (“Legacy Hut”) and U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp. (“USBTC”) (the “Merger”).
  • Faruqi & Faruqi, LLP also encourages anyone with information regarding Hut 8’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
  • The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).

KIND INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Retrieved on: 
Thursday, March 14, 2024
Next, Growth, COVID-19, Internet, News, Acquisition, Networking hardware, Complaint, ARPU, Court, Mergers and acquisitions, Person, Video game

Nextdoor operates a hyperlocal online social networking platform that connects neighbors, public agencies, and businesses via the internet.

Key Points: 
  • Nextdoor operates a hyperlocal online social networking platform that connects neighbors, public agencies, and businesses via the internet.
  • KV Acquisition Co. served as the surviving entity and changed its name to Nextdoor Holdings, Inc. after the merger.
  • On Nextdoor’s platform, “neighbors” (i.e., users) can view posts, discussions, and pictures from other neighbors, as well as notifications, comments, and groups.
  • Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits.

1stWest M&A Names Derek Koecher as a New Senior Advisor

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Other Construction & Property, Finance, Construction & Property, Consulting, Banking, Lumen Technologies, Risk, Derek, Mergers and acquisitions, Senior, VZ, LM, Senior advisor, Software as a service, Sale

1stWest Mergers and Acquisitions announced today that it has named Derek Koecher as a new Senior Advisor.

Key Points: 
  • 1stWest Mergers and Acquisitions announced today that it has named Derek Koecher as a new Senior Advisor.
  • Derek will bring his decades of M&A expertise to help guide 1stWest M&A’s clients through complex carve-outs, buy and sell transactions, growth strategies, and negotiation of transaction compensation for founders and executive teams.
  • “Derek is among the most sought-after advisors for transactions in the hottest M&A sectors today, from telecom and SaaS to AI,” said Ted Rieple, 1stWest M&A’s Managing Partner.
  • We are thrilled to welcome him as a Senior Advisor.”

1stWest M&A Names Bryan Taylor as a New Managing Director

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Security, Technology, Telecommunications, Consulting, Banking, Cloud, IT service management, Lumen Technologies, Telecom, Mergers and acquisitions, Cloud computing, Acquisition, AI

1stWest Mergers and Acquisitions announced today that it has named Bryan Taylor as a new Managing Director.

Key Points: 
  • 1stWest Mergers and Acquisitions announced today that it has named Bryan Taylor as a new Managing Director.
  • Bryan will focus on Telecom, Cloud Technology, Cybersecurity, IT Services, and AI, sectors where Bryan has 25 years of experience as an accomplished deal execution leader in buy and sell transactions.
  • After an initial six years mastering the telecom sector, Bryan joined CenturyLink’s M&A team to facilitate carve-out acquisitions of access lines.
  • “As a new Managing Director, Bryan will continue to leverage his vast deal execution and strategic acumen, to help our clients achieve their strategic and valuation objectives,” said Ted Rieple, 1stWest M&A’s Managing Partner.

Labaton Keller Sucharow Announces a Proposed Class Action Settlement for All Record Holders and Beneficial Owners of Sculptor Capital Management, Inc. Common Stock Whose Shares Rithm Capital Corp. Acquired at the Closing of the Merger

Retrieved on: 
Friday, April 5, 2024
Class Action Lawsuit, Professional Services, Legal, Vii, Agreement, Prejudice, Notice, Defendant, Class, Episcopal conference, CLASS, Judgement, ARE, Settlement, Plaintiff, Eligibility, Effective date, Hearing, Compromise, LP, Mergers and acquisitions

SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER CLASS ACTION, SETTLEMENT HEARING,

Key Points: 
  • SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER CLASS ACTION, SETTLEMENT HEARING,
    All record holders and beneficial owners of Sculptor Capital Management, Inc. (“Sculptor”) common stock whose shares Rithm Capital Corp. (“Rithm”) acquired at the closing of the Merger.1
    PLEASE READ THIS SUMMARY NOTICE CAREFULLY.
  • YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.
  • The proposed Settlement, if approved, will resolve all claims in the Action and result in the dismissal of the Action with prejudice.
  • Eligible Class Members do not have to submit a claim form to receive a payment from the Settlement.

Robbins LLP Encourages Investors with Large Losses in IRBT to Contact the Firm for Information About the iRobot Corporation Class Action

Retrieved on: 
Wednesday, March 20, 2024
Class Action Lawsuit, Professional Services, Legal, Amazon, News, LLP, IRBT, Complaint, Amazon (company), IRobot, Workforce, Mergers and acquisitions

The Company is primarily known for its robot vacuum cleaner (“RVC”) products sold under the “Roomba” brand name.

Key Points: 
  • The Company is primarily known for its robot vacuum cleaner (“RVC”) products sold under the “Roomba” brand name.
  • For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
  • Between June 22, 2023 and January 19, 2024, the stock declined from $45.41 per share to $17.26 per share.
  • A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.

Engine Nominates Two Highly Qualified Candidates for Election to MRC Global’s Board of Directors at the 2024 Annual Meeting

Retrieved on: 
Tuesday, March 19, 2024
Other Manufacturing, Manufacturing, AOUT, Universal Health Services, Deluxe Corporation, Avid Technology, Executive, UBS, Fortress Investment Group, Mergers and acquisitions, American Outdoor Brands, Sale, Acquisition, MRC, Apax Partners, Capital, Bear, BSC, UHS, Security (finance)

Arnaud Ajdler, Engine’s Founder and Managing Member, commented:

Key Points: 
  • Arnaud Ajdler, Engine’s Founder and Managing Member, commented:
    “Engine has spent months engaging with MRC on its current strategy, capital allocation approach and Board composition.
  • Considering the size of our ownership position and our significant concerns, it is disappointing the Company has resisted working with us.
  • In our view, a Board that owns de minimis stock should not be willing to spend stockholder capital to keep an investor-designee from serving on a nine-member Board.
  • We look forward to engaging with our fellow shareholders on the case for adding stockholder-designees to MRC’s boardroom.

United States Steel Corporation Provides First Quarter 2024 Guidance

Retrieved on: 
Monday, March 18, 2024
Construction & Property, Steel, Engineering, Automotive Manufacturing, Oil, Gas, Manufacturing, Building Systems, Energy, Other Construction & Property, Health, ANY, U.S. Steel, WHEN, Communication, Grant Street, Risk, Nippon Steel, Attention, Nature, Carbon, American depositary receipt, Suite, Accident, CO2, Investment, Annual report, Proxy, Depreciation, Safety, Iron, VEBA, NSC, Corporation, Mergers and acquisitions, Person, Bookkeeping

Management of the Company or NSC, as applicable, believes that these forward-looking statements are reasonable as of the time made.

Key Points: 
  • Management of the Company or NSC, as applicable, believes that these forward-looking statements are reasonable as of the time made.
  • This communication relates to the proposed transaction between the United States Steel Corporation (the “Company”) and Nippon Steel Corporation (“NSC”).
  • Founded in 1901, United States Steel Corporation is a leading steel producer.
  • U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe.

Altus Power, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 14, 2024
Other Energy, Environment, Utilities, Alternative Energy, Green Technology, Energy, Equipment, Growth, ARR, Partnership, Disposal, Accounting, Acquisition, Form 10-K, Depreciation, Expense, Bank statement, Interest expense, ASC, Vitol, GAAP, REC, Alignment, Retirement, Entity, PPA, Accretion expense, NMCA, Professional, Mergers and acquisitions

Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the largest commercial scale provider of clean, electric power, today announced its financial results for fourth quarter and full year 2023.

Key Points: 
  • Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the largest commercial scale provider of clean, electric power, today announced its financial results for fourth quarter and full year 2023.
  • Operating revenues during the fourth quarter of 2023 totaled $34.2 million, compared to $26.8 million during the same period of 2022, an increase of 28%.
  • Fourth quarter 2023 GAAP net loss totaled $40.0 million, compared to net income of $67.1 million for the same period last year.
  • Adjusted EBITDA* during the fourth quarter of 2023 was $17.3 million, compared to $16.6 million for the fourth quarter of 2022, a 5% increase.

PublicSquare Acquires Credova in All-Equity Transaction

Retrieved on: 
Thursday, March 14, 2024
Retail, Other Professional Services, Small Business, Business, Other Consumer, Professional Services, Women, Defense, Online Retail, Other Retail, Men, Military, Specialty, Family, Veterans, Consumer, Firearm, Employment, BNPL, Public, Plan, Second, Growth, Partnership, General counsel, Sale, Acquisition, LLP, Note, Constitutional right, Commerce, Constitution, Movement, PSQ, Mergers and acquisitions, Online shopping

In connection with the acquisition, PublicSquare exchanged approximately 2.9 million shares of newly-issued Company Class A common stock for all of the outstanding shares of Credova.

Key Points: 
  • In connection with the acquisition, PublicSquare exchanged approximately 2.9 million shares of newly-issued Company Class A common stock for all of the outstanding shares of Credova.
  • Credova management, including its Chief Executive Officer, Dusty Wunderlich, have joined PublicSquare and will continue to run Credova’s business as part of PublicSquare.
  • The transaction was approved by the boards of directors of PublicSquare and Credova and by requisite stockholders of Credova.
  • PublicSquare published a presentation to provide an overview of the transaction, available on PublicSquare’s Investor Relations website, https://investors.publicsquare.com .