SVB

Shearman & Sterling Releases its Annual Corporate Governance & Executive Compensation Survey Highlighting Key Trends and Regulatory Developments

Retrieved on: 
Thursday, December 7, 2023

NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Global law firm Shearman & Sterling today released its annual Corporate Governance & Executive Compensation Survey.

Key Points: 
  • NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Global law firm Shearman & Sterling today released its annual Corporate Governance & Executive Compensation Survey.
  • Now in its 21st edition, the survey provides a review of key corporate governance trends, along with a comprehensive examination of the corporate governance and executive compensation practices of 100 of the largest U.S. public companies.
  • The annual survey tracks the impact of changing practices, trends and regulatory developments on key areas of corporate governance and executive compensation.
  • Given the breadth of data collected by the survey, the report can serve as a benchmark for public company directors and executives to assess their governance practices.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Monday, November 13, 2023

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

The Forest Road Company Hires Seasoned Life Sciences Investor Bill Burkoth

Retrieved on: 
Tuesday, November 28, 2023

The Forest Road Company (Forest Road) announced today that Bill Burkoth has joined the firm’s asset management business as Managing Partner of Life Sciences.

Key Points: 
  • The Forest Road Company (Forest Road) announced today that Bill Burkoth has joined the firm’s asset management business as Managing Partner of Life Sciences.
  • Mr. Burkoth brings a wealth of expertise to this new venture, with over 20 years of life science venture capital investing and startup experience.
  • Prior to joining Forest Road, Mr. Burkoth served as the Life Science and Healthcare Managing Partner at SVB Capital within Silicon Valley Bank.
  • Zachary Tarica, CEO of Forest Road, said: “We are thrilled to have Bill join our team as we expand into the life sciences sector and believe he will significantly contribute to the long-term growth of the firm.

Tenet Raises $30M+ to Grow EV Financing Platform and Offer Free Smart Charging to All Customers

Retrieved on: 
Wednesday, November 15, 2023

It will also scale TenetConnect, the company's newly launched digital renewable energy platform, which reduces charging costs on EV owners’ utility bills.

Key Points: 
  • It will also scale TenetConnect, the company's newly launched digital renewable energy platform, which reduces charging costs on EV owners’ utility bills.
  • Enrolled customers can connect their car with Tenet’s smart charging service to lower their EV charging costs by an estimated additional $40 per month.
  • "With its lower monthly rates and recent addition of smart charging, Tenet is helping me save nearly $1,500 per year on my EV ownership costs."
  • Tenet strategically leverages unique EV attributes for financing, including government tax credits, residual value data, and home charger installation.

Faes & Co Launches Private Credit Fund, Raising Up to $100M for Real Estate Bridging Finance in the US

Retrieved on: 
Tuesday, December 5, 2023

SANTA MONICA, Calif., Dec. 5, 2023 /PRNewswire/ -- Faes & Co, an investment firm led by LendInvest plc founder Christian Faes, has launched its maiden private credit fund focused on the US real estate bridging finance market. The Faes & Co Income Fund intends to make use of the firm's extensive domain knowledge in the short-term mortgage market to provide investors with consistent, superior risk-adjusted returns.

Key Points: 
  • SANTA MONICA, Calif., Dec. 5, 2023 /PRNewswire/ -- Faes & Co , an investment firm led by LendInvest plc founder Christian Faes, has launched its maiden private credit fund focused on the US real estate bridging finance market.
  • The Faes & Co Income Fund intends to make use of the firm's extensive domain knowledge in the short-term mortgage market to provide investors with consistent, superior risk-adjusted returns.
  • The Fund will invest in loans originated by Faes & Co's own group company, F2 Finance , which was launched earlier this year.
  • It is also a very large and liquid market for building a diversified pool of asset-backed loans that provide a superior risk-adjusted return for investors."

First Citizens Announces Expanded Commitment to Communities in Northern California and Eastern Massachusetts

Retrieved on: 
Tuesday, November 14, 2023

RALEIGH, N.C., Nov. 14, 2023 /PRNewswire/ -- First Citizens Bank today announced an amendment to its existing Community Benefits Plan agreement with the National Community Reinvestment Coalition (NCRC) and its members that extends the bank's longstanding community support to Northern California and Massachusetts following its March acquisition of Silicon Valley Bank.

Key Points: 
  • This new First Citizens commitment also comes in addition to the $16 billion Community Benefits Plan that First Citizens announced in February 2021.
  • "Silicon Valley Bank was an important component of the California economy and is now continuing to support the economy as a division of First Citizens Bank.
  • Now it's about implementation – and we look forward to working with First Citizens to ensure these investments reach communities of color."
  • Now operating as a division of First Citizens Bank, Silicon Valley Bank has resumed serving some of the world's most innovative companies and investors.

100+ Web3 Founders in Survey: Product-Market Fit and Timing Are Most Existential Challenges

Retrieved on: 
Thursday, November 9, 2023

WASHINGTON, Nov. 9, 2023 /PRNewswire/ -- Bloccelerate has completed a survey of 100+ Web3 founders, concluding that finding product-market fit (PMF) and managing product-market timing are the biggest existential challenges.

Key Points: 
  • WASHINGTON, Nov. 9, 2023 /PRNewswire/ -- Bloccelerate has completed a survey of 100+ Web3 founders, concluding that finding product-market fit (PMF) and managing product-market timing are the biggest existential challenges.
  • The survey covered 13 questions which elicited both open-ended responses and structured rankings of common challenges faced by web3 founders.
  • Responses to the survey reveal factual information (e.g., years in the industry), opinions (e.g., what is THE single most existential problem facing the space?
  • Last Friday, Bloccelerate hosted 140+ Web3 founders, investors, and experts at the Harvard Club of New York City to discuss the challenges and priorities captured in the survey results.

Augmedix Delivers 50% Revenue Growth and Expanded Gross Margins for Third Quarter of 2023

Retrieved on: 
Monday, November 6, 2023

“Growing adoption of Augmedix Live and Augmedix Notes drove 50% revenue growth and net revenue retention of 157%, while expanding gross margins by 390 basis points to 49.5%.

Key Points: 
  • “Growing adoption of Augmedix Live and Augmedix Notes drove 50% revenue growth and net revenue retention of 157%, while expanding gross margins by 390 basis points to 49.5%.
  • Dollar-based Net Revenue Retention was 157% for Health Enterprise customers compared to 130% in the third quarter of 2022 and 148% in the second quarter of 2023.
  • GAAP Operating Expenses were $10.2 million, compared to $9.0 million in the third quarter of 2022 and $10.0 million in the second quarter of 2023.
  • ET on Monday, November 6, 2023, to discuss its third quarter 2023 financial results.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Friday, October 27, 2023

NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

RBCx steps up support for founders in two high growth Canadian tech segments to fuel startup ecosystem growth & innovation

Retrieved on: 
Wednesday, November 1, 2023

Recognizing the unique needs of founders and scaling businesses in these segments, RBCx has strengthened its advisory bench with the appointment of four respected tech industry leaders to support clients in these spaces.

Key Points: 
  • Recognizing the unique needs of founders and scaling businesses in these segments, RBCx has strengthened its advisory bench with the appointment of four respected tech industry leaders to support clients in these spaces.
  • Their deep segment expertise and industry connectivity will be complemented by the tailored banking and capital solutions, and differentiated platform services RBCx provides to founders across every stage of their start-up journey.
  • "Tech companies operate with life cycles, business models and ecosystem environments that are unlike any other business that a traditional bank would be accustomed to.
  • To learn more about how RBCx supports tech entrepreneurs at each stage of their journey, visit rbcx.com/banking .