Escrow | Jotup

Fairway Independent Mortgage Corporation Selects Doma to Help Digitally Transform its Refinance Business

Retrieved on:

Thursday, July 15, 2021

Software, Construction & Property, Finance, Banking, Data management, Professional services, Technology, Residential Building & Real Estate, Escrow, Personal finance, Real property law, Closing, Mortgage loan, Law, Articles, Doma, Capitol Investment Corp. V, DOMA, CAPITOL INVESTMENT CORP. V

Doma, a leading force for disruptive change in the real estate industry, today announced that its Doma Intelligence platform plus title and escrow solutions will help power the real estate closing experience for Fairway Independent Mortgage Corporation (Fairway), a top nationwide mortgage lender.

Key Points:

Doma, a leading force for disruptive change in the real estate industry, today announced that its Doma Intelligence platform plus title and escrow solutions will help power the real estate closing experience for Fairway Independent Mortgage Corporation (Fairway), a top nationwide mortgage lender.
Fairway will leverage Domas proprietary machine intelligence technology to remove key points of friction and frustration involved in traditional mortgage closings, for both loan officers and mortgage customers.
Fairway is currently using Domas closing solutions within its consumer-direct channel, Homefinity, with plans to expand its use as warranted.
Were thrilled to be working with Fairway to provide their team and customers with an exceptional, streamlined, and technology-enabled closing experience.

ZSuite Technologies Launches Digital Escrow Solution ZEscrow

Retrieved on:

Tuesday, July 13, 2021

ZSuite Technologies , a financial technology company that aims to power community financial institutions with digital escrow products for specific commercial verticals that can be offered to their clients, announced today the launch of ZEscrow .

Key Points:

ZSuite Technologies , a financial technology company that aims to power community financial institutions with digital escrow products for specific commercial verticals that can be offered to their clients, announced today the launch of ZEscrow .
This new product is the only completely digital commercial escrow solution.
ZEscrow is a responsive web app for digital commercial escrow and sub-accounting.
ZSuite Technologies is a financial technology company that aims to power community financial institutions with digital escrow products for specific commercial verticals that can be offered to their clients.

Healthcare Royalty, Inc. Announces Offering of Senior Notes by HCRX Investments HoldCo, L.P.

Retrieved on:

Monday, July 12, 2021

Communication, Forward-looking statement, Escrow, Repurchase agreement, Articles, Law

The gross proceeds of the offering of notes may be held in escrow pending the completion of HCRs initial public offering.

Key Points:

The gross proceeds of the offering of notes may be held in escrow pending the completion of HCRs initial public offering.
Any net proceeds not used to repurchase units may be used for general corporate purposes.
This press release contains certain statements that may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Except as required by law, HCR undertakes no obligation to update any forward-looking statements.

OverActive Media Completes Qualifying Transaction

Retrieved on:

Monday, July 12, 2021

Stock market, Share, Escrow, Westdale, Hamilton, Westdale, Security, Academic disciplines, Economics

Of the 80,236,280 issued and outstanding OverActive Shares, 26,753,599 OverActive Shares are held by former Old OverActive Shareholders and are held in escrow pursuant to a TSXV Tier 1 Value Escrow Agreement.

Key Points:

Of the 80,236,280 issued and outstanding OverActive Shares, 26,753,599 OverActive Shares are held by former Old OverActive Shareholders and are held in escrow pursuant to a TSXV Tier 1 Value Escrow Agreement.
Upon the completion of the Transaction, Westdale Construction Co. Limited (Westdale) acquired 13,248,071 OverActive Shares, representing approximately 16.5% of the issued and outstanding OverActive Shares.
Prior to completion of the Transaction, Westdale did not own any Abigail Shares.
Westdale intends to evaluate its investment in OverActive on an ongoing basis and may increase or decrease its ownership of OverActive securities from time to time, as it may determine appropriate for investment purposes.

Extension of Super Senior Notes Offer Subscription Deadline in connection with the Offer to Subscribe for Additional 9.0% Senior Secured Notes Due 2025

Retrieved on:

Thursday, July 8, 2021

Articles, Crime, Human behavior, Communication, Forward-looking statement, Sexual consent, Solicitation, Escrow

All other key dates set forth in the Offering and Consent Solicitation Memorandum remain the same, including:

Key Points:

All other key dates set forth in the Offering and Consent Solicitation Memorandum remain the same, including:
the Super Senior Notes KYC Clearance Deadline of July 13, 2021;
the Funding Letter Date of July 16, 2021; and
the Super Senior Notes Escrow Funding Deadline of July 22, 2021.
Capitalized terms used but not defined in this release shall have the meanings set forth in the Offering and Consent Solicitation Memorandum.
Forward-looking statements are not historical facts but are based on certain assumptions of management and describe Issuers future plans, strategies and expectations.
You should not place undue reliance on any forward-looking statements, which are made only as of the date of this press release.

Battery Road Capital Corp. Announces Changes in Accordance with CPC Policy

Retrieved on:

Wednesday, June 30, 2021

Economy of Toronto, Escrow, Personal finance, Real property law, Toronto Stock Exchange

Halifax, Nova Scotia--(Newsfile Corp. - June 30, 2021) - Battery Road Capital Corp., (TSXV: BTRY.P) ("Battery Road"), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSXV"), is pleased to announce that due to changes recently announced by the TSXV to its Capital Pool Company program and changes to the TSXV's Policy 2.4 - Capital Pool Companies, which became effective as at January 1, 2021 (the "New CPC Policy"), the Corporation has received shareholder approval to implement certain amendments to further align its policies with the New CPC Policy.

Key Points:

Halifax, Nova Scotia--(Newsfile Corp. - June 30, 2021) - Battery Road Capital Corp., (TSXV: BTRY.P) ("Battery Road"), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSXV"), is pleased to announce that due to changes recently announced by the TSXV to its Capital Pool Company program and changes to the TSXV's Policy 2.4 - Capital Pool Companies, which became effective as at January 1, 2021 (the "New CPC Policy"), the Corporation has received shareholder approval to implement certain amendments to further align its policies with the New CPC Policy.
Disinterested shareholders at the Meeting also approved amendment of the escrow release conditions and certain other provisions of Battery Road's Escrow Agreement (the "Escrow Agreement").
Battery Road is a Capital Pool Company listed on the TSXV.
Battery Road has not commenced commercial operations and has no assets other than cash.

Pacific Premier Bancorp, Inc. to Announce Second Quarter 2021 Financial Results on July 27, 2021

Retrieved on:

Wednesday, June 30, 2021

Banking, Professional services, Finance, Pacific Premier Bancorp, Escrow, Companies, NASDAQ Financial-100, U.S. Bancorp

Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its second quarter 2021 financial results before the market opens on Tuesday, July 27, 2021.

Key Points:

Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its second quarter 2021 financial results before the market opens on Tuesday, July 27, 2021.
Pacific Premier Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Commerce Escrow division.
Pacific Premier Bank offers clients IRA custodial services through its Pacific Premier Trust division, which has approximately $17 billion of assets under custody and approximately 43,000 client accounts comprised of self-directed investors, financial institutions, capital syndicators, and financial advisors.
For additional information about Pacific Premier Bancorp, Inc. and Pacific Premier Bank, visit our website: www.ppbi.com .

Numinus Announces Update to Escrow Release Schedule

Retrieved on:

Friday, June 25, 2021

Finance, Corporate finance, Escrow, Personal finance, Real property law, Stock market, Money, Warrant, Security, Academic disciplines

VANCOUVER, BC, June 25, 2021 /PRNewswire/ - Numinus Wellness Inc. ("Numinus" or the "Company") (TSXV: NUMI),a mental health care company advancing innovative treatments and safe, evidence-based psychedelic-assisted therapies, is pleased to announce that, in relation to its graduation from Tier 2 to Tier 1 of the TSX Venture Exchange (the "Exchange"), all securities of Numinus which were subject to a Tier 2 escrow release schedule pursuant to the Value Security Escrow Agreement dated May 15, 2020 will be subject to a Tier 1 release schedule.

Key Points:

VANCOUVER, BC, June 25, 2021 /PRNewswire/ - Numinus Wellness Inc. ("Numinus" or the "Company") (TSXV: NUMI),a mental health care company advancing innovative treatments and safe, evidence-based psychedelic-assisted therapies, is pleased to announce that, in relation to its graduation from Tier 2 to Tier 1 of the TSX Venture Exchange (the "Exchange"), all securities of Numinus which were subject to a Tier 2 escrow release schedule pursuant to the Value Security Escrow Agreement dated May 15, 2020 will be subject to a Tier 1 release schedule.
Prior to the Company's graduation to Tier 1 of the Exchange, the Company had 21,360,351 shares, 205,740 warrants and 450,000 options remaining in escrow.
The securities that remain in escrow, namely 8,900,142 shares, 85,725 warrants and 112,500 options, will be released from escrow on November 15, 2021.
In addition, the Company wishes to make a correction to its news release dated June 18, 2021 (the "News Release") with respect to the Company's graduation to Tier 1 of Exchange.

AgriCann Solutions to Acquire Businesses for Shares

Retrieved on:

Friday, June 25, 2021

Real property law, Escrow, Personal finance, Cannabis smoking, Cannabis, Mergers and acquisitions, Articles, Economy, Human behavior

Sticky Leaf, historically operated as an unincorporated business, is in progress to become a 100%-owned incorporated subsidiary of AgriCann as Sticky Leaf Cannabis Corp ("SLCC").

Key Points:

Sticky Leaf, historically operated as an unincorporated business, is in progress to become a 100%-owned incorporated subsidiary of AgriCann as Sticky Leaf Cannabis Corp ("SLCC").
All common shares issued for AMS will be subject to escrow and voluntary pooling restrictions.
Upon closing of the AMS, RAM and VPC acquisitions, Tim will hold or control 22.40% of AgriCann and become a director of AgriCann.
Upon completion of all the transactions contemplated herein without further adjustments, it is expected to have 47,180,758 shares outstanding.

Capricorn Business Acquisitions Inc. Announces Completion of the Private Placement of Subscription Receipts of CCU and Other Updates Ahead of Its Qualifying Transaction

Retrieved on:

Monday, June 21, 2021

Finance, Money, Procurement, Subscription, Escrow, Financial economics, Closing

Upon completion of the Transaction, the resulting issuer (the "Resulting Issuer") will carry out the business of CCU.ai.

Key Points:

Upon completion of the Transaction, the resulting issuer (the "Resulting Issuer") will carry out the business of CCU.ai.
It is expected that trading in the Capricorn Shares will not resume prior to the closing of the Transaction.
On June 18, 2021, CCU.ai completed its previously announced non-brokered private placement (the "Concurrent Financing") by way of the issuance of subscription receipts ("Subscription Receipts") at a price of $5.30 per Subscription Receipt, raising gross proceeds of $4,319,902.
The proceeds of the Concurrent Financing have been placed into escrow pending closing of the Transaction.