SPAC

“Waldencast’s (WALD) stock sinks after copping to inflating revenues,” Hagens Berman

Retrieved on: 
Monday, October 16, 2023
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SAN FRANCISCO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Waldencast plc (NASDAQ: WALD) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Waldencast plc (NASDAQ: WALD) investors who suffered substantial losses to submit your losses now .
  • 31, 2022 and June 30, 2022 as a result of improper revenue recognition involving Obagi sales to its Southeast Asia distributor.
  • “We’re focused on investors’ losses and whether Waldencast cooked its books,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • If you invested in Waldencast and have substantial losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman .

Bragar Eagel & Squire, P.C. Is Investigating Xponential, Veradigm, and Holley and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, October 14, 2023
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Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices.

Key Points: 
  • Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices.
  • Xponential purports to be the largest global franchisor of boutique fitness brands and went public on July 21, 2021 at $12.00 per share.
  • On April 6, 2022, an entity affiliated with Xponential's Chairman of the Board sold 5.175M shares at $20.00 per share in a secondary offering.
  • The combined company became Holley and its common stock and warrants trade on the NYSE under the ticker symbols “HLLY” and “HLLY WT,” respectively.

Portage Fintech Acquisition Corporation Announces Name Change to Perception Capital Corp. III

Retrieved on: 
Friday, October 13, 2023
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MINNEAPOLIS, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Portage Fintech Acquisition Corporation (the “Company”), today announced a corporate name change to Perception Capital Corp. III, to better reflect Perception Capital Partners III-A LLC as the Company’s new managing sponsor.

Key Points: 
  • MINNEAPOLIS, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Portage Fintech Acquisition Corporation (the “Company”), today announced a corporate name change to Perception Capital Corp. III, to better reflect Perception Capital Partners III-A LLC as the Company’s new managing sponsor.
  • Perception Capital Partners III-A LLC is affiliated with Perception Capital Partners, a private and public investment firm and serial sponsor of special purpose acquisition companies (SPACs).
  • The Company’s ordinary shares will continue to trade on The Nasdaq Capital Market under its ticker symbols: PFTA, PFTAW and PFTAU.
  • “We are very pleased with this outcome,” said Rick Gaenzle, the Company’s new Chief Executive Officer.

Robinson Capital Announces Quarterly Distribution on the Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX)

Retrieved on: 
Wednesday, October 11, 2023
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Click here for Standardized Performance.

Key Points: 
  • Click here for Standardized Performance.
  • Quarterly Distribution: at the end of September we announced our first, of what we intend to be a recurring, quarterly net income distribution.
  • We distributed a dividend that equates to the quarterly trust income earned by the fund’s underlying SPAC holdings less the fund’s quarterly expenses.

Holley, Inc. SHAREHOLDER ALERT: Johnson Fistel Encourages Holley Inc. f/k/a Empower Ltd. Shareholders with Losses to Contact the Firm Regarding Investigation

Retrieved on: 
Monday, October 9, 2023
SPAC, NYSE, Special-purpose acquisition company, LLP, SAN

The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.

Key Points: 
  • The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
  • If you purchased Holley securities and suffered significant losses on your investment, join our investigation now:
    There is no cost or obligation to you.
  • The investigation pertains to whether executives at the company misrepresented or failed to timely disclose material and adverse information to investors.
  • Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program.

Bragar Eagel & Squire, P.C. Is Investigating Cambium, Verra and Holley and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, October 9, 2023
Consensus, NYSE, P.C, SPAC, News, Cryptocurrency, Audit, Verra, Cambium

Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices.

Key Points: 
  • Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices.
  • On August 1, 2023, the Company reported its Q2 earnings; Cambium reported quarterly earnings of $0.03 per share, missing Consensus Estimate of $0.21 per share.
  • Verra disclosed on August 28, 2023, that its independent public accountant firm had resigned from its appointment.
  • Based on this news, shares of Verra fell by more than 6.8% in intraday trading on August 29, 2023.

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Waldencast plc (WALD) Investors with Substantial Losses to Contact Firm’s Attorneys, Firm Investigating Possible Securities Law Violations

Retrieved on: 
Friday, October 6, 2023
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SAN FRANCISCO, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Waldencast plc (NASDAQ: WALD) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Waldencast plc (NASDAQ: WALD) investors who suffered substantial losses to submit your losses now .
  • 31, 2022 and June 30, 2022 as a result of improper revenue recognition involving Obagi sales to its Southeast Asia distributor.
  • “We’re focused on investors’ losses and whether Waldencast cooked its books,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • If you invested in Waldencast and have substantial losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman .

Presidio Property Trust Announces Closing of Merger of Its Sponsored SPAC Murphy Canyon Acquisition Corp Now Trading as Conduit Pharmaceuticals (Nasdaq: CDT and CDTTW)

Retrieved on: 
Friday, October 6, 2023
CDT, Presidio, BATS Global Markets, Capital market, Disease, Growth, Market, SPAC, Pharmaceutical industry, Conduit

In connection with the completion of the merger, Presidio’s sponsored SPAC Murphy Canyon Acquisition Corp. changed its name to Conduit Pharmaceuticals Inc. Conduit is a disease agnostic multi-asset clinical-stage disease-agnostic life science company providing an efficient model for compound development.

Key Points: 
  • In connection with the completion of the merger, Presidio’s sponsored SPAC Murphy Canyon Acquisition Corp. changed its name to Conduit Pharmaceuticals Inc. Conduit is a disease agnostic multi-asset clinical-stage disease-agnostic life science company providing an efficient model for compound development.
  • The merger process was completed on September 22, 2023, following the definitive business combination agreement announced previously.
  • As a result of this transaction, Presidio now owns a total of 4,015,250 shares of Conduit and warrants to purchase 709,000 shares of Conduit.
  • “Presidio is proud to have been a part of this successful SPAC transaction, reflecting our confidence in the growth and future prospects of Conduit,” said Jack Heilbron, CEO of Presidio Property Trust.

EQRX Investors: Contact Robbins LLP for Information About our Investigation of EQRx, Inc.

Retrieved on: 
Thursday, October 5, 2023
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SAN DIEGO, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Robbins LLP is investigating EQRx, Inc. (NASDAQ: EQRX) to determine whether certain EQRx officers and directors violated securities laws and breached fiduciary duties to shareholders.

Key Points: 
  • SAN DIEGO, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Robbins LLP is investigating EQRx, Inc. (NASDAQ: EQRX) to determine whether certain EQRx officers and directors violated securities laws and breached fiduciary duties to shareholders.
  • If you would like more information about our investigation of EQRx's misconduct, click here .
  • EQRx International, Inc. completed a business combination with CM Life Sciences III Inc. on December 17, 2021, and now operates as EQRx, Inc.
  • If you own shares of EQRx or have incurred a recent significant loss in the stock, contact us for more information about your rights.

Teleo Announces Customer Launch of Autonomous Capabilities for Heavy Construction Equipment, Adds New Customers, and Signs Orders for 42 Machines

Retrieved on: 
Wednesday, October 4, 2023
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In addition, Teleo announced deals with eight new construction customers, including Florida-based Ajax Paving Industries of FL, LLC .

Key Points: 
  • In addition, Teleo announced deals with eight new construction customers, including Florida-based Ajax Paving Industries of FL, LLC .
  • "Construction companies are facing historic labor shortages and incurring significant costs as their machines sit idle," said Vinay Shet, Co-founder and CEO, Teleo.
  • The initial autonomous capability being launched by Teleo is tramming, or autonomous hauling materials from one point to another.
  • The autonomous feature introduction will begin on three machines and roll out to 12 machines over the course of a few months.