Sidley Austin

Mobile-health Network Solutions Announces Pricing of $9 Million Initial Public Offering

Retrieved on:

Tuesday, April 9, 2024

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Singapore, April 09, 2024 (GLOBE NEWSWIRE) -- Mobile-health Network Solutions (“MNDR” or the “Company”), a leading telehealth solutions provider in Singapore, today announced the pricing of its firm commitment initial public offering of an aggregate 2,250,000 Class A Ordinary Shares (the “Offering”).

Key Points:

Singapore, April 09, 2024 (GLOBE NEWSWIRE) -- Mobile-health Network Solutions (“MNDR” or the “Company”), a leading telehealth solutions provider in Singapore, today announced the pricing of its firm commitment initial public offering of an aggregate 2,250,000 Class A Ordinary Shares (the “Offering”).
The Offering is priced at $4.00 per share (the “Offering Price”).
Assuming that the Over-allotment is exercised, the Company is expected to receive gross proceeds amounting to $10.35 million, before deducting underwriting discounts and commissions and estimated offering expenses.
Network 1 Financial Securities, Inc. (“Network 1”), a full-service broker/dealer, acted as the sole book-running manager for the Offering.

Casa Systems Initiates Court-Supervised Chapter 11 Sale Process for Businesses

Retrieved on:

Wednesday, April 3, 2024

Cloud, CASA, Sale, Bankruptcy Code, United States bankruptcy court, Bankruptcy, Investment, Sidley Austin, Hand, RAN

To facilitate these sales, the Company filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

Key Points:

To facilitate these sales, the Company filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.
The Company remains committed to the success of its customers and partners and intends to continue supporting them throughout this process.
Casa’s international subsidiaries are not debtors in the Chapter 11 filing; however, certain of their businesses and related assets are included in the two asset sale transactions.
The Company’s NetComm business, which commenced voluntary administration proceedings under Australian law on March 11, 2024, is not included in the U.S. Chapter 11 process.

View, Inc. Reaches Agreement with Cantor Fitzgerald and RXR to Become a Private Company

Retrieved on:

Tuesday, April 2, 2024

Letter, RXR, RXR Realty, Security (finance), P.C, Gibson Dunn, Sidley Austin, Transaction, Hearing, Cryptocurrency

MILPITAS, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- View, Inc. (Nasdaq: VIEW) (“View” or the “Company”), a leader in smart building technologies, today announced it reached an agreement with Cantor Fitzgerald, L.P. (“Cantor Fitzgerald”), RXR Realty (“RXR”), and certain of the Company’s stakeholders on the terms of a financial restructuring that is designed to strengthen the firm’s balance sheet and better position View for the future (the “Proposed Transaction”).

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View also expects that trade claims will be unaffected, orders will continue to be fulfilled, and customers will continue to be supported.
The Company expects to obtain court approval for the Proposed Transaction within 45 days of April 2, 2024.
To facilitate the Proposed Transaction, View, Cantor Fitzgerald, RXR, and certain other investors have executed a Restructuring Support Agreement, dated April 2, 2024 (the “Restructuring Support Agreement”).
Sidley Austin LLP serves as legal advisor to Cantor Fitzgerald.

Eiger BioPharmaceuticals Files for Voluntary Chapter 11 Protection

Retrieved on:

Monday, April 1, 2024

International, Patient, Sale, Bankruptcy Code, Acquisition, United States bankruptcy court, Bankruptcy, PALO, Therapy, Sidley Austin, Eiger

PALO ALTO, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- Eiger BioPharmaceuticals, Inc. (Nasdaq:EIGR) today announced that it and its direct subsidiaries have filed voluntary petitions for chapter 11 protection under the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas. The company also announced a “stalking horse” agreement for the sale of Zokinvy® (lonafarnib) to Sentynl Therapeutics, Inc., a biopharmaceutical company focused on rare diseases. Under the terms of the “stalking horse” agreement, subject to court approval, Sentynl Therapeutics will pay up to $26.0 million, subject to certain purchase price adjustments, including per diem reductions if the sale closes after April 24, 2024, for the acquisition of Zokinvy®. In accordance with Section 363 of the Bankruptcy Code, other potential bidders can submit competing bids for the company’s assets through a court-supervised process.

Key Points:

PALO ALTO, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- Eiger BioPharmaceuticals, Inc. (Nasdaq:EIGR) today announced that it and its direct subsidiaries have filed voluntary petitions for chapter 11 protection under the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas.
Eiger filed customary “first day” motions with the court requesting relief designed to enable Eiger to transition into chapter 11 and uphold its commitments to stakeholders during the process without material disruption to its ordinary course of operations.
Court filings and other information regarding the chapter 11 case are available via Kurtzman Carson Consultants LLC, a third-party bankruptcy claims and noticing agent, at: www.kccllc.net/Eiger.
Eiger does not undertake and specifically disclaims any obligation to update any forward-looking statements, whether as a result of any new information, future events, changed circumstances or otherwise.

BJ’s Restaurants, Inc. Engages PW Partners to Provide Cost Structure Recommendations

Retrieved on:

Wednesday, March 27, 2024

Cooperation, History, Restaurant, Sidley Austin, Management

HUNTINGTON BEACH, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- BJ’s Restaurants, Inc. (“BJ’s” or the “Company”) (Nasdaq: BJRI) today announced that it has engaged PW Partners, LLC (“PW Partners”) to provide recommendations regarding cost structure and efficiencies to the Company and its board of directors (the “Board”).

Key Points:

HUNTINGTON BEACH, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- BJ’s Restaurants, Inc. (“BJ’s” or the “Company”) (Nasdaq: BJRI) today announced that it has engaged PW Partners, LLC (“PW Partners”) to provide recommendations regarding cost structure and efficiencies to the Company and its board of directors (the “Board”).
In conjunction with PW Partners’ engagement, the Company entered into a cooperation agreement (the “Cooperation Agreement”) with PW Partners, a beneficial owner of more than 5% of the Company’s common stock.
PW Partners is an investment management and advisory firm focused on cost structure analysis and long-term value creation for small and mid-cap companies.
PW Partners has a strong history of creating value through cost structure analysis, enhanced strategic decision making, operational excellence, capital allocation and board involvement.

nCino to Acquire DocFox

Retrieved on:

Monday, March 18, 2024

Five Star Bank, Professional corporation, Acquisition, Sidley Austin, NCino, Keefe, Bruyette & Woods

WILMINGTON, N.C., March 18, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that it has signed a definitive agreement to acquire DocFox, a leading solution provider automating onboarding experiences for commercial and business banking.

Key Points:

WILMINGTON, N.C., March 18, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that it has signed a definitive agreement to acquire DocFox, a leading solution provider automating onboarding experiences for commercial and business banking.
DocFox has helped institutions condense complicated and admin-intensive onboarding processes from weeks to days or even hours.
We are also excited for the access to industry-leading talent, resources, and synergies the acquisition of DocFox by nCino will bring to the business customer onboarding and banking solution space.
Keefe, Bruyette & Woods, A Stifel Company served as financial advisor to DocFox and Wilson Sonsini Goodrich & Rosati, Professional Corporation served as legal counsel to DocFox.

Zinnia Closes Acquisition of Ebix’s North American Life and Annuity Assets

Retrieved on:

Monday, April 1, 2024

Zinnia Corporate Holdings (“Zinnia” or “the Company”), an Eldridge Industries business and leading life and annuity insurance technology services company, and Ebix, Inc. (“Ebix”), a supplier of software solutions, today announced that Zinnia’s acquisition of Ebix’s North American Life and Annuity Assets (the “L&A Assets”) has closed.

Key Points:

Zinnia Corporate Holdings (“Zinnia” or “the Company”), an Eldridge Industries business and leading life and annuity insurance technology services company, and Ebix, Inc. (“Ebix”), a supplier of software solutions, today announced that Zinnia’s acquisition of Ebix’s North American Life and Annuity Assets (the “L&A Assets”) has closed.
Zinnia will be welcoming over 770 new team members across 6 locations in India and the United States.
Global operations across the L&A Assets will be uninterrupted for customers and partners, providing continuity for the life insurance and annuity ecosystem.
The acquisition will further enable Zinnia to better serve carriers, distributors, and consumers as it builds the modern rails of the insurance industry.

Paul F. Washington Appointed as President & CEO for the Society for Corporate Governance

Retrieved on:

Friday, March 22, 2024

Conference, The Conference Board, Chairperson, History, Society, Russell Reynolds Associates, Dime Savings Bank, Sidley Austin, Corporate governance, Human, Corporation, WarnerMedia, Management

NEW YORK, March 22, 2024 /PRNewswire-PRWeb/ -- The Society for Corporate Governance, the leading organization for corporate governance in the United States, today announced the appointment of Paul Washington as its new President & CEO, effective April 15, 2024.

Key Points:

The Society for Corporate Governance, the leading organization for corporate governance in the United States, today announced the appointment of Paul Washington as its new CEO, effective April 15, 2024.
NEW YORK, March 22, 2024 /PRNewswire-PRWeb/ -- The Society for Corporate Governance, the leading organization for corporate governance in the United States, today announced the appointment of Paul Washington as its new President & CEO, effective April 15, 2024.
In that capacity, Paul led a preeminent non-profit think tank addressing a spectrum of corporate governance, sustainability, and corporate citizenship priorities, significantly increasing membership, and heightening the ESG Center's profile.
He further commented "that for nearly 80 years, the Society has served as an indispensable resource and voice for corporate governance practitioners.

Clearlake Capital Group and Insight Partners Complete Acquisition of Alteryx

Retrieved on:

Tuesday, March 19, 2024

Organization, Insight Partners, Entrepreneurship, Goldman Sachs, Partner (business rank), Partnership, Professional corporation, Morgan Stanley, Artificial intelligence, Acquisition, AI, J.P. Morgan & Co., Qatalyst Partners, Sidley Austin, Willkie Farr & Gallagher, Financial adviser

IRVINE, Calif., March 19, 2024 /PRNewswire/ -- Clearlake Capital Group, L.P. ("Clearlake") and Insight Partners L.P. ("Insight") today announced that their affiliated funds have completed the acquisition of Alteryx, Inc., a leader in artificial intelligence (AI) for enterprise analytics. The transaction was previously announced on December 18, 2023 and approved by Alteryx stockholders on March 13, 2024.

Key Points:

IRVINE, Calif., March 19, 2024 /PRNewswire/ -- Clearlake Capital Group, L.P. ("Clearlake") and Insight Partners L.P. ("Insight") today announced that their affiliated funds have completed the acquisition of Alteryx, Inc., a leader in artificial intelligence (AI) for enterprise analytics.
The transaction was previously announced on December 18, 2023 and approved by Alteryx stockholders on March 13, 2024.
Qatalyst Partners LP served as exclusive financial advisor, and Wilson Sonsini Goodrich & Rosati, Professional Corporation and Fenwick & West LLP served as legal advisors to Alteryx.
Houlihan Lokey, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC served as financial advisors to Clearlake and Insight.

Alan Raul, Founder of Sidley Austin’s Privacy and Cybersecurity Law Practice Elected FPF’s New Board President

Retrieved on:

Wednesday, April 3, 2024

FPF Founder Christopher Wolf and Board Chair steps down after 15 years of service FPF is pleased to announce Alan Raul, former Vice Chairman of the Privacy and Civil Liberties Oversight Board, has been elected to serve as President and Chair of the organization’s Board of Directors. Raul succeeds Christopher Wolf, founding Board President and [?]

Key Points:

FPF Founder Christopher Wolf and Board Chair steps down after 15 years of service FPF is pleased to announce Alan Raul, former Vice Chairman of the Privacy and Civil Liberties Oversight Board, has been elected to serve as President and Chair of the organization’s Board of Directors. Raul succeeds Christopher Wolf, founding Board President and [?]