Due diligence

LAWSUIT FILED: Stable Road Acquisition Corp. (SRAC) Sued for Securities Fraud; for Violation of the Federal Securities Laws; Investors Should Contact Block & Leviton for More Information

Retrieved on: 
Wednesday, August 4, 2021

The Complaint alleges that Defendants misrepresented and concealed material facts about Stable Road's acquisition target, Momentus, a company that purports to operate in the commercial space industry.

Key Points: 
  • The Complaint alleges that Defendants misrepresented and concealed material facts about Stable Road's acquisition target, Momentus, a company that purports to operate in the commercial space industry.
  • Moreover, the Complaint alleges that Defendants misrepresented and concealed the shoddy due diligence Stable Road conducted on Momentus.
  • These disclosures caused the price of Stable Road securities to decline sharply, injuring investors.
  • We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country.

$4.9 Billion Worldwide Environment Management, Compliance and Due Diligence Industry to 2027 - Environment Due Diligence Services Segment to Record a 4.4% CAGR - ResearchAndMarkets.com

Retrieved on: 
Wednesday, August 4, 2021

The "Environment Management, Compliance and Due Diligence - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Environment Management, Compliance and Due Diligence - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • Environment Management Services, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$3.6 Billion by the end of the analysis period.
  • In the global Environment Due Diligence Services segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment.
  • Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$759.9 Million by the year 2027.

Custodian Ventures Announces 5.2% Ownership Interest in LM Funding America, Inc.

Retrieved on: 
Thursday, July 29, 2021

NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Custodian Ventures LLC (together with its affiliates, Custodian Ventures or we), today filed a Schedule 13D announcing its acquisition of approximately 5.2% of the common stock outstanding of LM Funding America, Inc. (NASDAQ: LMFA) (LMFA or the Company).

Key Points: 
  • NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Custodian Ventures LLC (together with its affiliates, Custodian Ventures or we), today filed a Schedule 13D announcing its acquisition of approximately 5.2% of the common stock outstanding of LM Funding America, Inc. (NASDAQ: LMFA) (LMFA or the Company).
  • We will be monitoring the Companys developments with interest.
  • Custodian Ventures LLC is an investment fund specializing in reverse merger and other event-driven opportunities.
  • Its Chief Executive Officer,David E. Lazar, brings domestic and international experience in operations, accounting, audit preparation, due diligence, capital restructuring, debt financing, and mergers and acquisitions.

United States Legal Process Outsourcing Services Procurement Research Report 2021 Featuring EY, Infosys Limited, Clarivate, WNS (Holdings) Limited, DWF Group - ResearchAndMarkets.com

Retrieved on: 
Monday, July 26, 2021

The "Legal Process Outsourcing Services in the US - Procurement Research Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Legal Process Outsourcing Services in the US - Procurement Research Report" report has been added to ResearchAndMarkets.com's offering.
  • This report is intended to assist buyers of legal process outsourcing (LPO) services, also known as legal outsourcing.
  • Law firms and corporations use an outside service provider for various legal services.
  • Vendors in this market provide legal support services, such as due diligence, litigation, corporate compliance, document review, writing, legal research, patent services and drafting of briefs and pleadings.

DiligenceVault and Frontier Advisors Partner on Digital Due Diligence and Data Centralization

Retrieved on: 
Wednesday, July 21, 2021

SINGAPORE, July 20, 2021 /PRNewswire/ -- DiligenceVault, a digital diligence platform that delivers data collection and information exchange solutions for consultants, asset owners and asset managers, today announced a client partnership with Frontier, Australia's leading independent asset consultant. Frontier has been at the forefront of delivering investment advice to institutional investors for more than 25 years.

Key Points: 
  • Frontier now has the ability to leverage DiligenceVault's technology to optimize the process of collecting and centralising key asset manager and fund data, tapping into the more than 6,500 asset managers already on DiligenceVault.
  • The fact that DiligenceVault can provide mutual benefits for all parties was really appealing to Frontier."
  • "We align with Frontier's data-driven focus and are committed to delivering efficiency, transparency and digital backbone to their diligence teams.
  • DiligenceVault believes in making due diligence possible for all by creating a new data-driven standard for due diligence in the investment management industry.

Custodian Ventures Announces 5.1% Ownership Interest in Equus Total Return, Inc.

Retrieved on: 
Tuesday, July 20, 2021

NEW YORK, July 20, 2021 (GLOBE NEWSWIRE) -- Custodian Ventures LLC (together with its affiliates, Custodian Ventures or we), today filed a Schedule 13D announcing its acquisition of approximately 5.1% of the common stock outstanding of Equus Total Return, Inc. (NYSE: EQS) (EQS or the Company).

Key Points: 
  • NEW YORK, July 20, 2021 (GLOBE NEWSWIRE) -- Custodian Ventures LLC (together with its affiliates, Custodian Ventures or we), today filed a Schedule 13D announcing its acquisition of approximately 5.1% of the common stock outstanding of Equus Total Return, Inc. (NYSE: EQS) (EQS or the Company).
  • We will continue to monitor the Companys developments and encourage its leadership to build on the forward progress it has already made on its current strategy.
  • Custodian Ventures LLC is an investment fund specializing in reverse merger and other event-driven opportunities.
  • Its Chief Executive Officer,David E. Lazar, brings domestic and international experience in operations, accounting, audit preparation, due diligence, capital restructuring, debt financing, and mergers and acquisitions.

Sensor Provides Update on Its Proposed Acquisition of EmersonGrow Technology Inc

Retrieved on: 
Thursday, July 15, 2021

Toronto, Ontario--(Newsfile Corp. - July 15, 2021) - Sensor Technologies Corp. (CSE: SENS) ("Sensor") would like to provide an update on its proposed acquisition of all of the issued and outstanding securities (the "Proposed Acquisition") in the capital of EmersonGrow Technology Inc. ("EmersonGrow").

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - July 15, 2021) - Sensor Technologies Corp. (CSE: SENS) ("Sensor") would like to provide an update on its proposed acquisition of all of the issued and outstanding securities (the "Proposed Acquisition") in the capital of EmersonGrow Technology Inc. ("EmersonGrow").
  • Sensor is currently conducting its financial due diligence and has requested additional information from EmersonGrow.
  • In addition, the closing of the Proposed Acquisition will be conditional on the closing of a private placement for minimum aggregate proceeds of $1 million, the terms of which will be agreed to by Sensor and EmersonGrow.
  • Sensor and the shareholders of EmersonGrow have not yet executed a definitive agreement with respect to the Proposed Acquisition and there can be no assurance that that the parties will execute a definitive agreement or that the Proposed Acquisition will be completed on the terms agreed to or completed at all.

INDUS Announces Agreement to Acquire an Industrial/Logistics Building

Retrieved on: 
Thursday, July 15, 2021

Under the terms of the Purchase Agreement, INDUS expects to close on the Lakeland Acquisition during the 2021 third quarter.

Key Points: 
  • Under the terms of the Purchase Agreement, INDUS expects to close on the Lakeland Acquisition during the 2021 third quarter.
  • Closing on the purchase of the Lakeland Acquisition is subject to a number of contingencies including the satisfactory completion of due diligence by INDUS.
  • INDUS is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/logistics properties.
  • INDUS disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release except as required by law.

SEC Charges SPAC, Sponsor, Merger Target, and CEOs for Misleading Disclosures Ahead of Proposed Business Combination

Retrieved on: 
Tuesday, July 13, 2021

The SECs litigation is proceeding against Kokorich, against whom the SEC filed a complaint in the U.S. District Court for the District of Columbia.

Key Points: 
  • The SECs litigation is proceeding against Kokorich, against whom the SEC filed a complaint in the U.S. District Court for the District of Columbia.
  • In addition, the order finds that Stable Road repeated Momentuss misleading statements in public filings associated with the proposed merger and failed its due diligence obligations to investors.
  • The order finds that Kabot participated in Stable Roads inadequate due diligence and in filing its inaccurate registration statements and proxy solicitations.
  • The litigation against Kokorich will be handled by Melissa Armstrong and Fernando Campoamor and will be supervised by Thomas Bednar.

ECSL Announces That It’s Subsidiary, CyberFuels, Inc., Has Executed a Purchase and Sale Agreement and Completed Its Due Diligence to Acquire Land and Adjoining Canal at the Port of Tampa

Retrieved on: 
Monday, July 12, 2021

CyberFuels has completed its due diligence and is moving to close the transaction as soon as possible, on or about August 3, 2021, subject to certain conditions to closing.

Key Points: 
  • CyberFuels has completed its due diligence and is moving to close the transaction as soon as possible, on or about August 3, 2021, subject to certain conditions to closing.
  • CyberFuels expects to begin permitting as soon as possible with construction to begin once those permits are obtained.
  • The real property portion of the acquisition is comprised of 65+ acres of land, including certain riparian rights, in the Port of Tampa along with an operational shipping wharf.
  • The property has excellent interstate access, existing rail service and wharf facilities for barge and large tanker deliveries and sales.