Stock

Hercules Capital Declares Cash Distribution of $0.32 per Share for the Second Quarter of 2021

Professional services, Finance, Corporate finance, Stock, Stock market
Tuesday, July 27, 2021 - 11:00am

Therefore, a determination made on a quarterly basis may not be representative of the actual tax attributes of its distributions for a full year.

Key Points: 
  • Therefore, a determination made on a quarterly basis may not be representative of the actual tax attributes of its distributions for a full year.
  • Of the distributions declared during the quarter ended June 30, 2021, 100% were distributions derived from the Companys current and accumulated earnings and profits.
  • There can be no certainty to stockholders that this determination is representative of the tax attributes of the Companys 2021 full year distributions to stockholders.
  • The percentage of QII for distributions declared for the second quarter ended June 30, 2021 on Hercules Capital, Inc.s common stock is 87.7%.

Cat Rock Capital Issues Presentation on Just Eat Takeaway.com

Finance, Restaurant, Bar, Food, Beverage, Retail, Professional services, Online food ordering, Companies, Financial markets, Just Eat Takeaway, Financial economics, Just Eat, Stock
Tuesday, July 27, 2021 - 6:00am

Cat Rock Capital Management LP (together with its affiliates, Cat Rock Capital), a long-term oriented investment firm and beneficial owner of approximately 10.0 million shares of the common stock of Just Eat Takeaway.com NV (Just Eat Takeaway.com, JET, or the Company) (LSE: JET, AMS: TKWY, NASDAQ: GRUB), representing circa 4.7% of Just Eat Takeaway.coms outstanding shares, today issues a public presentation on recent developments at the Company.

Key Points: 
  • Cat Rock Capital Management LP (together with its affiliates, Cat Rock Capital), a long-term oriented investment firm and beneficial owner of approximately 10.0 million shares of the common stock of Just Eat Takeaway.com NV (Just Eat Takeaway.com, JET, or the Company) (LSE: JET, AMS: TKWY, NASDAQ: GRUB), representing circa 4.7% of Just Eat Takeaway.coms outstanding shares, today issues a public presentation on recent developments at the Company.
  • Cat Rock Capital also comments:
    Cat Rock Capital has been a shareholder of Just Eat Takeaway.com and its predecessor companies for over four years, and we have intensively researched the global online food delivery sector over the past six years.
  • Cat Rock Capital Management LP and certain of its affiliates and controlling persons (collectively, Cat Rock Capital), is publishing this announcement solely for the information of other shareholders in Just Eat Takeaway.com NV (Just Eat Takeaway.com).
  • This announcement contains certain forward-looking statements and information that are based on Cat Rock Capitals beliefs, as well as assumptions made by, and information currently available to, Cat Rock Capital.

Aroundtown SA: Release of a capital market information

Financial markets, Stock market, Finance, Financial economics, Corporate finance, Share repurchase, Buyback, Stock, Share trading
Tuesday, July 27, 2021 - 2:30am

5 Sec.

Key Points: 
  • 5 Sec.
  • 2 Sec.
  • 1 of the Commission Delegated Regulation (EU) No 2016/1052 the beginning of the share buyback on 26 March 2021.
  • The overall volume of the shares bought back daily and the daily volume-weighted average stock market prices of the shares are as follows:

Candel Therapeutics Announces Pricing of Initial Public Offering

Financial markets, Financial economics, Finance, Corporate finance, Initial public offering, Stock market, Actuarial science, Underwriting, Public offering, Candel, Stock
Tuesday, July 27, 2021 - 2:05am

NEEDHAM, Mass., July 26, 2021 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Candel), a late clinical stage biopharmaceutical company developing novel oncolytic viral immunotherapies, today announced the pricing of its initial public offering of 9,000,000 shares of common stock at a public offering price of $8.00 per share.

Key Points: 
  • NEEDHAM, Mass., July 26, 2021 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Candel), a late clinical stage biopharmaceutical company developing novel oncolytic viral immunotherapies, today announced the pricing of its initial public offering of 9,000,000 shares of common stock at a public offering price of $8.00 per share.
  • The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Candel, are expected to be $72 million.
  • The offering is expected to close onJuly 29, 2021, subject to the satisfaction of customary closing conditions.
  • In addition,Candel has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

thredUP Announces Launch of Public Offering

Stock market, Corporate finance, Stock
Monday, July 26, 2021 - 9:11pm

OAKLAND, Calif., July 26, 2021 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP) (thredUP), one of the largest online resale platforms for womens and kids apparel, shoes and accessories, announced today the launch of the public offering of 6,424,369 shares of its Class A common stock, consisting of 2,000,000 shares to be issued and sold by thredUP and 4,424,369 shares to be sold by existing stockholders of thredUP.

Key Points: 
  • OAKLAND, Calif., July 26, 2021 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP) (thredUP), one of the largest online resale platforms for womens and kids apparel, shoes and accessories, announced today the launch of the public offering of 6,424,369 shares of its Class A common stock, consisting of 2,000,000 shares to be issued and sold by thredUP and 4,424,369 shares to be sold by existing stockholders of thredUP.
  • The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.
  • thredUP intends to use the net proceeds from the sale of its shares in the offering for working capital, other general corporate purposes and to fund its growth strategies.
  • thredUP will not receive any proceeds from the sale of shares by the selling stockholders.

CAPSTEAD ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of MDLA and Encourages Investors to Contact the Firm

Stock market, Corporate finance, Derivative, Financial law, Wagering, Stock, Security, Corporations, Economy, Economics
Monday, July 26, 2021 - 7:26pm

On July 26, 2021, Capstead announced that it had entered into an agreement to be acquired by BSPRT in a cash and stock deal.

Key Points: 
  • On July 26, 2021, Capstead announced that it had entered into an agreement to be acquired by BSPRT in a cash and stock deal.
  • Bragar Eagel & Squire is concerned that Capsteads board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Capsteads stockholders.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Absci Announces Closing of Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Financial markets, Finance, Money, Stock market, Corporate finance, Economy of New York City, NASDAQ, Stock, Ticker symbol, Underwriting, Red herring prospectus
Monday, July 26, 2021 - 9:00pm

The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Absci were $230.0 million.

Key Points: 
  • The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Absci were $230.0 million.
  • Abscis common stock began trading on the Nasdaq Global Select Market on July 22, 2021, under the ticker symbol ABSI.
  • All shares in the offering were offered by Absci.
  • A registration statement relating to the shares being sold in this offering was declared effective by the Securities and Exchange Commission on July 21, 2021.

Portman Ridge Finance Corporation Resumes Share Buyback Program

Stock market, Corporate finance, Share repurchase, Buyback, SEC Rule 10b5-1, Repurchase agreement, Stock, Targeted repurchase
Monday, July 26, 2021 - 9:16pm

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the Company or Portman Ridge) today provided an update on its previously announced share buyback program.

Key Points: 
  • NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the Company or Portman Ridge) today provided an update on its previously announced share buyback program.
  • Following the recent lifting of the suspension on repurchases under the share buyback program due to its merger transaction with Harvest Capital Credit Corporation (HCAP), the Company has been actively repurchasing its shares under the program.
  • Also, as previously announced, the Company entered a Rule 10b5-1 stock trading plan to facilitate the repurchase of up to $2.5 million of its shares under the share repurchase program.
  • Portman Ridge Finance Corporation (NASDAQ: PTMN) is a publicly traded, externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940.

Old Second Bancorp Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Old Second Bancorp, Inc. is Fair to Shareholders; Investors are Encouraged to Contact the Firm – OSBC

Financial markets, Articles, Companies, Suburban Bancorp, Stock, Limited liability partnership, Securities fraud
Monday, July 26, 2021 - 4:33pm

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Old Second Bancorp, Inc. (NASDAQ: OSBC) and West Suburban Bancorp, Inc. is fair to Old Second Bancorp shareholders.

Key Points: 
  • NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Old Second Bancorp, Inc. (NASDAQ: OSBC) and West Suburban Bancorp, Inc. is fair to Old Second Bancorp shareholders.
  • Under the terms of the merger agreement, West Suburban shareholders will receive 42.413 shares of Old Second common stock and $271.15 in cash for each share of West Suburban common stock.
  • On behalf of Old Second shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock

Financial markets, Finance, Financial economics, Stock market, Equity securities, Corporate finance, Preferred stock, NASDAQ, Dividend, Stock, NASDAQ Financial-100
Monday, July 26, 2021 - 4:00pm

DALLAS, July 26, 2021 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and its board of directors declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the Series B Preferred Stock), equivalent to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock.

Key Points: 
  • DALLAS, July 26, 2021 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and its board of directors declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the Series B Preferred Stock), equivalent to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock.
  • The depository shares are traded on the NASDAQ under the symbol TCBIO.
  • The Series B Preferred Stock dividend is payable on September 15, 2021, to holders of record at the close of business on September 1, 2021.
  • Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the Russell 2000 Index and the S&P MidCap 400, is the parent company of Texas Capital Bank, N.A.