Greenhill

Zaid Abdul-Aleem joins Invictus Growth Partners as Partner, Head of Partner and Capital Solutions

Retrieved on: 
Monday, September 18, 2023

SAN MATEO, Calif., Sept. 18, 2023 /PRNewswire/ -- Invictus Growth Partners ("Invictus"), a leading buyout and growth equity firm focused exclusively on enterprise cloud software, cybersecurity, and financial technology businesses and helping them scale with capital and operational value add, today announced the appointment of Zaid Abdul-Aleem as Partner, Head of Partner and Capital Solutions.

Key Points: 
  • SAN MATEO, Calif., Sept. 18, 2023 /PRNewswire/ -- Invictus Growth Partners ("Invictus"), a leading buyout and growth equity firm focused exclusively on enterprise cloud software, cybersecurity, and financial technology businesses and helping them scale with capital and operational value add, today announced the appointment of Zaid Abdul-Aleem as Partner, Head of Partner and Capital Solutions.
  • Mr. Abdul-Aleem will spearhead all investor relations and capital solutions efforts for Invictus, and report to John DeLoche and William Nettles, Co-Founders and Managing Partners.
  • Mr. Abdul-Aleem brings to Invictus over twenty five years of investor relations and capital solutions experience.
  • Invictus Growth Partners is a buyout and growth equity firm which invests in bootstrapped and capital efficient, machine learning-enabled cloud software, cybersecurity and fintech companies which seek capital and strategic resources to accelerate their growth.

BioSteel Files for and Obtains CCAA Creditor Protection

Retrieved on: 
Thursday, September 14, 2023

BioSteel's application for and entry into the CCAA process was commenced as BioSteel no longer has access to funding for the brand which continued to generate negative operating cash flow.

Key Points: 
  • BioSteel's application for and entry into the CCAA process was commenced as BioSteel no longer has access to funding for the brand which continued to generate negative operating cash flow.
  • BioSteel sought creditor protection under the CCAA to conduct a court-supervised sale process for its business and property for the benefit of its stakeholders.
  • The board of directors of BioSteel will remain in place and BioSteel will remain responsible for the sale process under the supervision of the CCAA Court and the general oversight of the Monitor.
  • BioSteel intends to fund the CCAA process from cash on hand and does not expect to require additional financing during the course of the proposed sale process.

Pan-American Life Insurance Group Announces Steven A. Friedman, President of Finance & Investments Will Assume Role of Chief Financial Officer

Retrieved on: 
Tuesday, September 5, 2023

Pan-American Life Insurance Group (PALIG) today announced Steven A. Friedman will assume the role of Chief Financial Officer, effective today, in addition to his current responsibilities as President of Finance and Investments.

Key Points: 
  • Pan-American Life Insurance Group (PALIG) today announced Steven A. Friedman will assume the role of Chief Financial Officer, effective today, in addition to his current responsibilities as President of Finance and Investments.
  • Mr. Friedman will succeed David Demmon, who has served in the role the last seven years as part of Mr. Friedman’s leadership team.
  • In his current role as President of Finance and Investments, and a member of PALIG Executive Management Committee, Mr. Friedman leads the company’s financial operations and investment management, including oversight of finance and accounting, corporate development, risk management, compliance, and administration.
  • He has over two decades of experience advising U.S. and internationally based companies across the life, property-casualty and reinsurance sectors.

ElectraMeccanica and Tevva Announce Proposed Merger Agreement Intended to Create a Market Leader in Zero-Emission Commercial Vehicles - Focusing First in the United Kingdom, then in Europe and the United States

Retrieved on: 
Tuesday, August 15, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230815770691/en/
    The attending members of the Boards of Directors of both companies unanimously approved the proposed transaction.
  • The proposed transaction is intended to accelerate their combined ability to capture the growing opportunity in commercial electric trucks.
  • Our vehicles have undertaken more than 300,000 miles of testing and operating experience in real-world conditions by demanding fleet operators.
  • Lucosky Brookman LLP and Gowling WLG are acting as legal counsel to Tevva in connection with the proposed transaction.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: NexTier Oilfield Solutions Inc. (NYSE – NEX), Chinook Therapeutics, Inc. (Nasdaq – KDNY), Franchise Group, Inc. (Nasdaq – FRG), Greenhill & Co., Inc. (NYSE – GHL)

Retrieved on: 
Thursday, June 15, 2023

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, NexTier will merge with Patterson-UTI Energy, Inc. (“Patterson-UTI”) (Nasdaq - PTEN).
  • NexTier shareholders will receive 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock owned.
  • Patterson-UTI shareholders will own approximately 55% and NexTier shareholders will own approximately 45% of the combined company on a fully diluted basis.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Chinook Therapeutics, Inc. (Nasdaq – KDNY), Franchise Group, Inc. (Nasdaq – FRG), CIRCOR International, Inc. (NYSE - CIR), Greenhill & Co., Inc. (NYSE – GHL)

Retrieved on: 
Monday, June 12, 2023

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Chinook will be acquired by Novartis AG.
  • Under the terms of the Agreement, Novartis will acquire Chinook for $40 per share in cash, or a total of $3.2 billion.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

James Renacci and Thomas Hicks, Jr. Join AiAdvertising Board of Directors

Retrieved on: 
Thursday, June 8, 2023

AiAdvertising, Inc. (OTC: AIAD), a next-generation AdTech company focused on harnessing the power of artificial intelligence (AI) and machine learning (ML) for today's marketing leaders, has appointed independent directors James B. Renacci and Thomas O. Hicks, Jr. to the Board of Directors.

Key Points: 
  • AiAdvertising, Inc. (OTC: AIAD), a next-generation AdTech company focused on harnessing the power of artificial intelligence (AI) and machine learning (ML) for today's marketing leaders, has appointed independent directors James B. Renacci and Thomas O. Hicks, Jr. to the Board of Directors.
  • From 2003 to 2008, Mr. Renacci served as a managing board member of the Arena Football League.
  • From 2020 to 2022, Mr. Renacci served as a board member of publicly traded Hill International Inc. and as the Audit Committee Chairman.
  • Mr. Renacci is a current board member at publicly traded Alithya Group, Inc., Custom Glass, Inc. and the Franklin Center for Global Policy Exchange.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: CIRCOR International, Inc. (NYSE - CIR), CohBar, Inc. (Nasdaq – CWBR), Greenhill & Co., Inc. (NYSE – GHL), PDC Energy, Inc. (Nasdaq – PDCE)

Retrieved on: 
Monday, June 5, 2023

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, CIRCOR will be acquired by investment funds managed by KKR.
  • CIRCOR shareholders will receive $49.00 in cash for each share of CIRCOR common stock they own.
  • Based on Chevron’s closing price on May 19, 2023, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Embark Technology, Inc. (Nasdaq – EMBK), CohBar, Inc. (Nasdaq – CWBR), Greenhill & Co., Inc. (NYSE – GHL), PDC Energy, Inc. (Nasdaq – PDCE)

Retrieved on: 
Tuesday, May 30, 2023

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Embark will be acquired by Applied Intuition, Inc.
  • Under the terms of the Agreement, Embark shareholders will receive $2.88 per Common Share in cash, corresponding to an equity value of approximately $71 million.
  • Based on Chevron’s closing price on May 19, 2023, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Greenhill & Co., Inc. (NYSE – GHL), PDC Energy, Inc. (Nasdaq – PDCE), Urstadt Biddle Properties Inc. (NYSE – UBA and UBP), Cvent Holding Corp. (Nasdaq - CVT)

Retrieved on: 
Monday, May 22, 2023

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Based on Chevron’s closing price on May 19, 2023, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share.
  • Upon closing, Regency and Urstadt Biddle shareholders will own approximately 93% and 7% of the combined company, respectively.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.