Slate

Everett Cash Mutual Insurance Company Acquires American Reliable’s Farm, Ranch, and Equine Business

Retrieved on: 
Monday, August 8, 2022 - 9:30pm

Global Indemnity Group, LLC (NYSE:GBLI) ("GBLI"), announced today that American Reliable Insurance Company (ARIC), a GBLI subsidiary, completed the disposition of ARICs Farm, Ranch, and Equine book of renewal business to Everett Cash Mutual.

Key Points: 
  • Global Indemnity Group, LLC (NYSE:GBLI) ("GBLI"), announced today that American Reliable Insurance Company (ARIC), a GBLI subsidiary, completed the disposition of ARICs Farm, Ranch, and Equine book of renewal business to Everett Cash Mutual.
  • GBLI also announced that it agreed to sell ARIC to Everett Cash Mutual (ECM), which, subject to regulatory approvals and customary transactional conditions, is expected to close in or before the first quarter of 2023.
  • ECMs President and CEO, Randy Shaw, stated that Everett Cash Mutual Insurance Co., founded in 1913, is committed to serving the insurance needs of the agricultural community.
  • In that regard, we encourage ARICs agents to partner with ECM, who is a carrier dedicated to processing Farm, Ranch, & Equine insurance.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Wells Fargo, Unity, Amazon, and Outset Medical and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, August 6, 2022 - 2:00am

On June 6, 2022, Reuters published an article entitled Wells Fargo Pauses Diverse Slate Hiring Policy after Reports of Fake Job Interviews.

Key Points: 
  • On June 6, 2022, Reuters published an article entitled Wells Fargo Pauses Diverse Slate Hiring Policy after Reports of Fake Job Interviews.
  • Then, on June 9, 2022, the New York Times published an article entitled Federal Prosecutors Open Criminal Inquiry of Wells Fargos Hiring Practices.
  • For more information on the Wells Fargo class action go to: https://bespc.com/cases/WFC
    Unity creates and operates an interactive real-time 3D content platform.
  • For more information on the Outset Medical class action go to: https://bespc.com/cases/OM
    About Bragar Eagel & Squire, P.C.

Coalition Appoints First Chief Financial Officer, General Counsel, Adds New Board Member to Support Rapid Company Growth and International Expansion

Retrieved on: 
Friday, August 5, 2022 - 2:00pm

The new hires and board member addition come on the heels of a $250M investment into Coalition in July, boosting the valuation of the company to $5B.

Key Points: 
  • The new hires and board member addition come on the heels of a $250M investment into Coalition in July, boosting the valuation of the company to $5B.
  • Julie, Jim, and John each have a wealth of experience building large companies that have all grown to become global leaders.
  • Julie Richardson, Board Member: Richardson brings over 25 years of experience on Wall Street in investment banking and private equity roles to Coalition.
  • Headquartered in San Francisco, Coalition is a distributed company with a global workforce that collaborates both digitally and in office hubs across the globe.

8x8 Announces Convertible Notes Exchange, New Issuance and Stock Repurchase

Retrieved on: 
Thursday, August 4, 2022 - 3:08am

The initial conversion price of the New Notes represents a premium of approximately 27.5% over the last reported sale price of $5.61 per share of the Company's common stock on the New York Stock Exchange on August 3, 2022.

Key Points: 
  • The initial conversion price of the New Notes represents a premium of approximately 27.5% over the last reported sale price of $5.61 per share of the Company's common stock on the New York Stock Exchange on August 3, 2022.
  • Holders of New Notes may require the Company to repurchase their New Notes upon the occurrence of a fundamental change (as defined in the indenture governing the New Notes) at a purchase price equal to the principal amount thereof plus accrued and unpaid interest to, but excluding, the repurchase date.
  • In connection with the Exchange, 8x8 intends to enter into an indenture establishing the terms of the New Notes.
  • 8x8, 8x8 XCaaS, eXperience Communications as a Service, eXperience Communications Platform are trademarks of 8x8, Inc.

8x8, Inc. Announces $250 Million Senior Secured Term Loan Credit Facility in a Customized Capital Solution Led by Francisco Partners

Retrieved on: 
Thursday, August 4, 2022 - 3:09am

8x8, Inc. (NYSE: EGHT) (the Company or 8x8), a leading integrated cloud communications platform provider, today announced a new $250 million senior secured term loan facility in a transaction led by Francisco Partners.

Key Points: 
  • 8x8, Inc. (NYSE: EGHT) (the Company or 8x8), a leading integrated cloud communications platform provider, today announced a new $250 million senior secured term loan facility in a transaction led by Francisco Partners.
  • We are excited to partner with 8x8 by providing a customized capital solution, said Scott Eisenberg, Head of Credit and Structured Solutions at Francisco Partners.
  • Wilmington Savings Fund Society, FSB will serve as administrative agent, with certain affiliates of Francisco Partners as lenders (the Credit Agreement).
  • In conjunction with the term loan facility, the Company also issued detachable warrants exercisable for an aggregate of 3.1 million shares of the Companys common stock to Francisco Partners and its affiliates.

Semantix Successfully Completes Business Combination with Alpha Capital

Retrieved on: 
Wednesday, August 3, 2022 - 9:15pm

Semantix , Inc. (Semantix), Latin Americas first fully integrated data platform, today completed its previously announced business combination (the Business Combination) with Alpha Capital ( NASDAQ: ASPC ), a special purpose acquisition company (SPAC) focused on technology in Latin America.

Key Points: 
  • Semantix , Inc. (Semantix), Latin Americas first fully integrated data platform, today completed its previously announced business combination (the Business Combination) with Alpha Capital ( NASDAQ: ASPC ), a special purpose acquisition company (SPAC) focused on technology in Latin America.
  • There may be additional risks that neither Alpha Capital nor Semantix presently know or that Alpha Capital nor Semantix currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.
  • Alpha Capital and Semantix anticipate that subsequent events and developments will cause Alpha Capitals or Semantixs assessments to change.
  • However, while Alpha Capital and Semantix may elect to update these forward-looking statements at some point in the future, Alpha Capital and Semantix specifically disclaim any obligation to do so.

Semtech Corporation to Acquire Sierra Wireless

Retrieved on: 
Tuesday, August 2, 2022 - 10:17pm

Sierra Wireless brings highly complementary skills and capabilities to Semtech, including Sierra Wireless leading modules, gateways, 5G, and Cloud services.

Key Points: 
  • Sierra Wireless brings highly complementary skills and capabilities to Semtech, including Sierra Wireless leading modules, gateways, 5G, and Cloud services.
  • Semtech, the Semtech logo and LoRa are registered trademarks or service marks, and LoRa Cloud is a trademark or service mark, of Semtech Corporation or its affiliates.
  • Sierra Wireless is a registered trademark of Sierra Wireless, Inc. Other product or service names mentioned herein may be the trademarks of their respective owners.
  • In connection with the proposed acquisition, Sierra Wireless intends to file a management information circular with the SEC and the Canadian securities regulatory authorities which will be mailed or otherwise disseminated to Sierra Wireless shareholders.

Slate Asset Management Announces €178 Million Capital Commitment for Slate European Essential Real Estate Income Fund

Retrieved on: 
Tuesday, August 2, 2022 - 8:00am

Slate Asset Management ("Slate"), a global alternative investment platform targeting real assets, today announced the close of another 178 million in capital commitment for Slate European Essential Real Estate Income Fund (SEERIEF or the Fund).

Key Points: 
  • Slate Asset Management ("Slate"), a global alternative investment platform targeting real assets, today announced the close of another 178 million in capital commitment for Slate European Essential Real Estate Income Fund (SEERIEF or the Fund).
  • The Fund is part of Slates core-plus investment strategy focused on European essential real estate.
  • Essential real estate is the critical infrastructure that facilitates the distribution of non-discretionary essential goods and services to end consumers.
  • Slate has been active in Europe since 2016, with a focus on acquiring, owning, and operating grocery and essential real estate assets.

3 Legged Thing Reveal New "Darkness" Universal and Dedicated Camera L-brackets

Retrieved on: 
Monday, August 1, 2022 - 2:00pm

STAGSDEN, England, August 1, 2022 /PRNewswire-PRWeb/ -- Building on the continued success of both their dedicated and universal L-brackets, 3 Legged Thing has announced "Darkness" - a beautifully anodised limited edition matte black colourway for their QR11 2.0, Zelda, Roxie, and Gracy L-brackets.

Key Points: 
  • STAGSDEN, England, August 1, 2022 /PRNewswire-PRWeb/ -- Building on the continued success of both their dedicated and universal L-brackets, 3 Legged Thing has announced "Darkness" - a beautifully anodised limited edition matte black colourway for their QR11 2.0, Zelda, Roxie, and Gracy L-brackets.
  • "We're excited to offer this limited colourway to our customers," said Stuart Boston, Chief Operations Officer, 3 Legged Thing.
  • 3 Legged Thing's QR11 2.0 universal L-bracket is compatible with a wide range of different cameras from a variety of different manufacturers.
  • 3 Legged Thing designed Roxie to perfectly fit both the Canon EOS R5 and R6 cameras, and now also fits the new EOS R5 C cine camera.

W3BCLOUD to Go Public via Business Combination With Social Leverage Acquisition Corp I

Retrieved on: 
Monday, August 1, 2022 - 12:00pm

Publicly traded special purpose acquisition company, Social Leverage Acquisition Corp I (NYSE: SLAC) (SLAC), with $345 million in trust, today announced that it has entered into a definitive business combination agreement with W3BCLOUD Holdings Inc. (W3BCLOUD), a leading storage and compute infrastructure provider for Web3.

Key Points: 
  • Publicly traded special purpose acquisition company, Social Leverage Acquisition Corp I (NYSE: SLAC) (SLAC), with $345 million in trust, today announced that it has entered into a definitive business combination agreement with W3BCLOUD Holdings Inc. (W3BCLOUD), a leading storage and compute infrastructure provider for Web3.
  • With todays transaction, W3BCLOUD aims to accelerate its investment in its platform to drive adoption by the blockchain developer community.
  • SLAC is sponsored by Social Leverage, an early-stage technology-focused venture capital firm that has invested in over 400 founder-led teams including many leading Web3 companies.
  • I could not be more excited by the depth of experience and knowledge Social Leverage will bring to our company.