Mark-to-market accounting

ALJ REGIONAL HOLDINGS, INC. ACQUIRES RANEW'S COMPANIES, COMPLETES REPURCHASES AND CERTAIN INVESTMENTS

Retrieved on: 
Thursday, September 29, 2022
Well, Income, Purchasing, Employment, QOF, Bill, Clayton Equipment Company, GAAP, Sale, LLC, Company, Acquisition, Private Securities Litigation Reform Act, Investment, OTC, ALJ, TTM, Share repurchase, NASDAQ, Collection, VWAP, Port Management Company, Failure, Faneuil, Security (finance), EBITDA, Note, Asset purchase agreement, Mark-to-market accounting, Merritt Ranew

Consideration paid by ALJ for the acquisition at closing was $20.8 million, subject to certain purchase price adjustments and certain earn-out payments set forth in the Purchase Agreement and described below.

Key Points: 
  • Consideration paid by ALJ for the acquisition at closing was $20.8 million, subject to certain purchase price adjustments and certain earn-out payments set forth in the Purchase Agreement and described below.
  • The acquisition was consummated through Resin Acquisition Corp. (the "Purchaser"), a subsidiary of ALJ.
  • At the closing, Purchaser issued Mr. Ranew 19.99% of the equity interests in Purchaser in consideration of the rollover of certain of Mr. Ranew's equity interests.
  • On September 26, 2022, ALJ invested approximately $20 million into its 99% owned subsidiary ALJ Qualified Opportunity Fund LLC ("QOF").

A-Mark to Increase Investment in Silver Gold Bull, Expanding International Direct-to-Consumer Footprint

Retrieved on: 
Friday, April 29, 2022
Mark-to-market accounting, U.S. Securities and Exchange Commission, Frye, Calendar, Securities Exchange Act of 1934, Kramer Levin Naftalis & Frankel, Gold, SGB, GLOBE, Ownership, Private Securities Litigation Reform Act, COVID-19, Partnership, Growth, Silver, Ancillary services (electric power), Acquisition, Palladium, Security (finance), Failure, Platinum, DTC, NASDAQ, Board, Securities lending, Metal, Cryptocurrency, Online gambling

The proposed investment will bring A-Marks ownership in SGB to 47.4% and will expand A-Marks direct-to-consumer (DTC) footprint in the international market.

Key Points: 
  • The proposed investment will bring A-Marks ownership in SGB to 47.4% and will expand A-Marks direct-to-consumer (DTC) footprint in the international market.
  • As a condition to closing, SGB will be required to have at least $15.0 million in net tangible assets.
  • This investment will provide A-Mark with additional international presence through SGBs success in Canada and emerging growth opportunities in other international markets.
  • Bob Belandis, President, and Co-founder of Silver Gold Bull commented: This is an exciting day for Silver Gold Bull.

Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for June 2021, Includes Reg.-NMS Execution Statistics

Retrieved on: 
Thursday, July 1, 2021
Banking, Professional services, Finance, Finance, Financial markets, Economy, United States housing bubble, Money, Greenwich, Connecticut, Interactive Brokers, Mark-to-market accounting, Investment, Brokerage firms

Note 1: Daily Average Revenue Trades (DARTs) customer orders divided by the number of trading days in the period.

Key Points: 
  • Note 1: Daily Average Revenue Trades (DARTs) customer orders divided by the number of trading days in the period.
  • Note 4: Mark to market gains and losses on investments in U.S. government securities and associated hedges are included in Other Income.
  • Barrons ranked Interactive Brokers #1 with 5 out of 5 stars in its February 26, 2021, Best Online Broker Review.
  • Additional information on risk factors that could potentially affect the company's financial results June be found in the company's filings with the Securities and Exchange Commission.

Granite Point Mortgage Trust Inc. Announces Closing of $824 Million Commercial Real Estate CLO

Retrieved on: 
Friday, May 14, 2021
Commercial Building & Real Estate, Construction & Property, REIT, United States housing bubble, Financial market, Mark-to-market accounting, Security, Finance, Money, Economy

$686 million of investment grade securities have been placed with institutional investors, providing GPMT with term-matched financing on a non-mark-to-market and non-recourse basis.

Key Points: 
  • $686 million of investment grade securities have been placed with institutional investors, providing GPMT with term-matched financing on a non-mark-to-market and non-recourse basis.
  • \xe2\x80\x9cThis transaction validates Granite Point\xe2\x80\x99s status as a well-established repeat issuer in the CRE CLO market while optimizing the financing of our loan portfolio and releasing additional liquidity to support growth in new loan originations.
  • This CLO transaction lowers our cost of funds and, combined with our recent term financing facility, increases our percentage of non-mark-to-market loan-level financing to approximately 70%.\xe2\x80\x9d\nJ.P.
  • Our expectations, beliefs and estimates are expressed in good faith and we believe there is a reasonable basis for them.

Verra Mobility Schedules First Quarter 2021 Earnings Call and Announces Response to SEC Guidance Relating to Warrants Issued by Special Purpose Acquisition Companies

Retrieved on: 
Friday, May 7, 2021
Finance, Corporate finance, United States Generally Accepted Accounting Principles, Financial economics, Equity securities, Valuation, Options, Warrant, Fair value, Equity, Stock option expensing, Mark-to-market accounting

Following its review of the SEC Statement, the Company reevaluated the accounting treatment of its warrants as equity.

Key Points: 
  • Following its review of the SEC Statement, the Company reevaluated the accounting treatment of its warrants as equity.
  • It concluded that, based on the SEC Statement, the Company\'s private placement warrants should be, and should have been, classified as a liability measured at fair value, with non-cash fair value adjustments recorded in earnings at each reporting period.
  • They are based on currently available information about the outcome and timing of future events, certain of which are beyond the Company\'s control.
  • Any or all of these occurrences could cause actual results to differ from those in the forward-looking statements.\n'

Granite Point Mortgage Trust Inc. Announces Pricing of $824 Million Commercial Real Estate CLO

Retrieved on: 
Wednesday, May 5, 2021
Commercial Building & Real Estate, Construction & Property, REIT, United States housing bubble, Money, Finance, Economy, Interest rates, Valuation, Banking, Libor, Swaps, Mark-to-market accounting, Forward-looking statement

The Company expects approximately $686 million of investment grade securities to be placed with institutional investors, providing GPMT with term-matched financing on a non-mark-to-market and non-recourse basis.

Key Points: 
  • The Company expects approximately $686 million of investment grade securities to be placed with institutional investors, providing GPMT with term-matched financing on a non-mark-to-market and non-recourse basis.
  • GPMT 2021-FL3 features an initial advance rate of 83.25% and a weighted-average interest rate at issuance of LIBOR + 1.62%, before accounting for transaction costs.
  • Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance.
  • Our expectations, beliefs and estimates are expressed in good faith and we believe there is a reasonable basis for them.

QuantumScape Announces Response to SEC Guidance Applicable to Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)

Retrieved on: 
Wednesday, April 28, 2021
Other Energy, Alternative energy, Energy, Technology, Automotive Manufacturing, Semiconductor, Manufacturing, Other Technology, Finance, Money, Economy, Financial statements, Financial markets, Corporate finance, Mark-to-market accounting, Warrant

Consistent with market practice among SPACs, these Warrants had previously been accounted for as equity.

Key Points: 
  • Consistent with market practice among SPACs, these Warrants had previously been accounted for as equity.
  • In consideration of the Staff Statement, QuantumScape intends to restate its historical financial statements to account for the Warrants as liabilities.
  • These Warrants will be marked to market with non-cash fair value adjustments recorded into earnings at the end of each reporting period.
  • There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents.

Digital Transformation Demand Increases Pega Cloud Revenue 56 percent in Q1 2021

Retrieved on: 
Wednesday, April 28, 2021
Money, Finance, Economy, Financial markets, Financial law, Loans, Credit, Debt, Amortization, Financial instrument, Mark-to-market accounting

Debt" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 for additional information.

Key Points: 
  • Debt" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 for additional information.
  • In both periods, debt issuance costs reduce the debt instruments book value and are amortized over the debt\'s life.
  • Amortization of intangible assets fluctuates in amount and frequency and is significantly affected by the timing and size of acquisitions.
  • Foreign currency transaction gains and losses fluctuate in amount and frequency and are significantly affected by foreign exchange market rates.

Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for March 2021, includes Reg.-NMS Execution Statistics

Retrieved on: 
Thursday, April 1, 2021
Banking, Professional services, Finance, Finance, Financial markets, Investment, Money, United States housing bubble, Greenwich, Connecticut, Interactive Brokers, Mark-to-market accounting, Brokerage firms

Note 1: Daily Average Revenue Trades (DARTs) customer orders divided by the number of trading days in the period.

Key Points: 
  • Note 1: Daily Average Revenue Trades (DARTs) customer orders divided by the number of trading days in the period.
  • Note 4: Mark to market gains and losses on investments in U.S. government securities and associated hedges are included in Other Income.
  • Barrons ranked Interactive Brokers #1 with 5 out of 5 stars in its February 26, 2021, Best Online Broker Review.
  • Additional information on risk factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission.

PerkinElmer Updates Fourth Quarter Outlook; To Hold Earnings Call on Tuesday, February 2, 2021

Retrieved on: 
Monday, January 11, 2021
Software, Research, Pharmaceutical, Hardware, Data management, Medical devices, Technology, Infectious diseases, Science, Biotechnology, Other Science, Health, Economy, Finance, GAAP, Accounting, Mark-to-market accounting, Tax accounting, Earnings before interest, taxes, depreciation and amortization

Accordingly, we present non-GAAP financial measures as a supplement to the financial measures we present in accordance with GAAP.

Key Points: 
  • Accordingly, we present non-GAAP financial measures as a supplement to the financial measures we present in accordance with GAAP.
  • We also exclude the impact of sales from divested businesses by deducting the effects of divested business revenue from the current and prior periods.
  • We also exclude adjustments for mark-to-market accounting on post-retirement benefits, therefore only our projected costs have been used to calculate this non-GAAP measure.
  • We also adjust for any tax impact related to the above items and exclude the impact of significant tax events.