Capital market

KalVista Pharmaceuticals Announces Proposed Public Offering of Common Stock and Pre-Funded Warrants

Retrieved on: 
Wednesday, February 14, 2024

KalVista Pharmaceuticals, Inc. (Nasdaq: KALV) (“KalVista”) announced today that it intends to offer and sell shares of its common stock and pre-funded warrants to purchase shares of common stock in lieu of KalVista common stock to certain investors in an underwritten public offering.

Key Points: 
  • KalVista Pharmaceuticals, Inc. (Nasdaq: KALV) (“KalVista”) announced today that it intends to offer and sell shares of its common stock and pre-funded warrants to purchase shares of common stock in lieu of KalVista common stock to certain investors in an underwritten public offering.
  • In addition, KalVista intends to grant the underwriters a 30-day option to purchase an additional 15% of the securities offered in the public offering at the public offering price less underwriting discounts and commissions.
  • All of the shares and pre-funded warrants will be offered and sold by KalVista.
  • Jefferies, Leerink Partners, Stifel and Cantor are acting as the joint book-running managers for the proposed offering.

Arixa Capital Expands Lending Platform with Capital Markets Hire: Robert Kang

Retrieved on: 
Wednesday, February 14, 2024

LOS ANGELES, Feb. 14, 2024 /PRNewswire/ -- Arixa Capital (or "Arixa") announced the hiring of Robert Kang as Director, Capital Markets.

Key Points: 
  • LOS ANGELES, Feb. 14, 2024 /PRNewswire/ -- Arixa Capital (or "Arixa") announced the hiring of Robert Kang as Director, Capital Markets.
  • Robert joins Arixa with nearly a decade of real estate finance experience, having previously worked at Constructive Capital, Toorak Capital Partners, PeerStreet, and Evercore.
  • "We are excited to welcome Robert to Arixa Capital," said Gregory Hebner, Managing Director of Arixa Capital.
  • "As we continue to build a differentiated private lending platform, Arixa has attracted bank-quality real estate investors who need a reliable financing partner," said Seth Davis, Managing Director of Arixa Capital.

Q4 Sales & fy 2023 Results

Retrieved on: 
Wednesday, February 14, 2024

The effective interest rate increased to 3.66% in 2023 compared to 2.29% in 2022, reflecting the rise in interest rates.

Key Points: 
  • The effective interest rate increased to 3.66% in 2023 compared to 2.29% in 2022, reflecting the rise in interest rates.
  • €(55.6) million from interest on lease liabilities in 2023 vs €(46.5) million in 2022.
  • On a constant basis, trade WCR was at 14.1% of sales in 2023, stable compared to the prior year (14.2% in 2022).
  • Our record 2022 and 2023 achievements put us well on track to achieve the 2022-2025 four-year objectives.

CNH Industrial N.V. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 14, 2024

CNH is continuing its efforts to improve through-cycle margins with its two previously announced cost reduction programs.

Key Points: 
  • CNH is continuing its efforts to improve through-cycle margins with its two previously announced cost reduction programs.
  • The second program is focused on restructuring SG&A expenses and was announced in conjunction with Q3 2023 earnings.
  • CNH reports quarterly and annual consolidated financial results under U.S. GAAP and EU-IFRS.
  • Adjusted EBIT Margin of Industrial Activities: is computed by dividing Adjusted EBIT of Industrial Activities by Net Sales of Industrial Activities.

Power Corporation Announces Executive Appointment

Retrieved on: 
Wednesday, February 14, 2024

MONTRÉAL, Feb. 14, 2024 /CNW/ - Power Corporation of Canada (TSX: POW) ("Power Corporation" or the "Corporation") is pleased to announce that its Board of Directors has approved the appointment of Mr. Jake Lawrence as Executive Vice-President and Chief Financial Officer, effective March 18, 2024.

Key Points: 
  • MONTRÉAL, Feb. 14, 2024 /CNW/ - Power Corporation of Canada (TSX: POW) ("Power Corporation" or the "Corporation") is pleased to announce that its Board of Directors has approved the appointment of Mr. Jake Lawrence as Executive Vice-President and Chief Financial Officer, effective March 18, 2024.
  • "I am delighted to welcome Jake to Power Corporation," said R. Jeffrey Orr, President and Chief Executive Officer.
  • Mr. Lawrence will replace Mr. Gregory D. Tretiak, who joined Power Corporation in 2012 as Chief Financial Officer.
  • Mr. Lawrence will also serve as Executive Vice-President and Chief Financial Officer of Power Financial Corporation, a subsidiary of the Corporation.

Scotiabank announces departure of Jake Lawrence; Paul Scurfield and Michael Kruse take on expanded roles

Retrieved on: 
Wednesday, February 14, 2024

Mr. Lawrence joined Scotiabank in 2002, and has held progressively senior roles in Finance, Treasury and Global Banking and Markets, most recently leading the Bank's wholesale banking and capital markets business.

Key Points: 
  • Mr. Lawrence joined Scotiabank in 2002, and has held progressively senior roles in Finance, Treasury and Global Banking and Markets, most recently leading the Bank's wholesale banking and capital markets business.
  • The Bank recently announced the appointment of Paul Scurfield to Global Head, Capital Markets, Global Banking and Markets, and Michael Kruse now takes on the role of Interim Global Head, Corporate and Investment Banking, Global Banking and Markets.
  • Mr. Scurfield joined Scotiabank in 2019 with 20 years of capital markets experience at Bank of America in the U.S.
  • "I am pleased to have Paul and Michael playing expanded leadership roles as we focus on executing on our strategy and priorities for our Global Banking and Markets business.

Norsk Hydro: Changing the aluminium game - Strengthening position in challenging markets

Retrieved on: 
Wednesday, February 14, 2024

All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.

Key Points: 
  • All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.
  • At the same time, lower trailer build rates in North America have started to negatively impact demand in the transport segment.
  • A weakening extrusion ingot market is further putting pressure on product premiums and several remelters are faced with negative margins, consequently.
  • The transactions enable capital reallocation into strategic growth areas, strengthening Hydro’s earnings resilience in a rapidly changing global landscape.

BIGG Digital Assets Announces the Appointment of Fraser Matthews to its Board of Directors

Retrieved on: 
Tuesday, February 13, 2024

VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), a leading innovator in the digital assets space and owner of Netcoins , Blockchain Intelligence Group and TerraZero is pleased to announce the appointment of Fraser Matthews to its Board of Directors.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), a leading innovator in the digital assets space and owner of Netcoins , Blockchain Intelligence Group and TerraZero is pleased to announce the appointment of Fraser Matthews to its Board of Directors.
  • Fraser joined the BIGG team on June 7, 2022, as the President of Netcoins.
  • Fraser brings tremendous business acumen, experience and keen insights at the management level - all of which will translate well at the Board level.
  • Fraser has been working exclusively in the Financial Services industry for the last 17 years having held positions in Toronto, New York, London and Dubai.

Wipro Invests in Aggne to Strengthen Consulting & Services Capabilities in the Insurance Sector

Retrieved on: 
Tuesday, February 13, 2024

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that it has made a significant investment in Aggne , a leading consulting and managed services company serving insurance and Insurtech industries.

Key Points: 
  • Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that it has made a significant investment in Aggne , a leading consulting and managed services company serving insurance and Insurtech industries.
  • With this investment, Wipro becomes a majority shareholder in Aggne, which brings to Wipro a highly sought-after and unique set of capabilities and Intellectual Property (IP) in the property & casualty (P&C) insurance space.
  • The combined capabilities of Wipro and Aggne will help deliver enhanced value, faster speed-to-market, and differentiated services to clients in the P&C sector.
  • “Aggne’s unique capabilities will allow us to significantly strengthen our value proposition in a fast-growing part of the insurance sector,” said Ritesh Talapatra, Senior Vice President, Capital Markets and Insurance, Americas 2 Strategic Market Unit, Wipro Limited.

CDPQ invests $125 million to accelerate Levio's growth

Retrieved on: 
Tuesday, February 13, 2024

Founded in 2014 and now present in five countries, the company specializes in supporting institutional and corporate clients when planning, managing and executing large-scale digital transformation programs.

Key Points: 
  • Founded in 2014 and now present in five countries, the company specializes in supporting institutional and corporate clients when planning, managing and executing large-scale digital transformation programs.
  • "CDPQ is proud to partner with Levio to support its expansion plan, which will grow its North American presence and consolidate its position in the market.
  • Digital transformation is central to the sustainability and productivity of organizations, and this partnership is perfectly in line with our investment priorities and supports the company's growth," said Kim Thomassin, Executive Vice-President and Head of Québec at CDPQ.
  • This agreement provides us with significant financial leverage to continue building partnerships with our clients to execute large-scale digital transformations."