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B. Riley Adds Experienced Consumer Investment Banker, Michael Devitt, as Managing Director

Retrieved on:

Wednesday, September 13, 2023

Credit Suisse, SPAC, BS, TD, E-commerce, Devitt, Initial public offering, Growth, Cornell University, Holding company, Financial services

LOS ANGELES, Sept. 13, 2023 /PRNewswire/ -- B. Riley Securities, a leading middle market investment bank and subsidiary of B. Riley Financial (Nasdaq: RILY), today announced the addition of experienced consumer investment banker, Michael Devitt as a Managing Director based in the firm's Greenbrae, San Francisco office.

Key Points:

LOS ANGELES, Sept. 13, 2023 /PRNewswire/ -- B. Riley Securities, a leading middle market investment bank and subsidiary of B. Riley Financial (Nasdaq: RILY), today announced the addition of experienced consumer investment banker, Michael Devitt as a Managing Director based in the firm's Greenbrae, San Francisco office.
Michael Devitt joins B. Riley Securities as a Managing Director in the firm's Consumer Investment Banking group.
"Michael has been a trusted advisor to high growth consumer brands, marketplaces, and eCommerce platforms on innovative strategic and capital raising initiatives for over 17 years.
He most recently led coverage of the omnichannel, direct-to-consumer, and marketplace business sectors as a Managing Director with TD Cowen.

New Amsterdam Invest N.V. results first six months 2023

Retrieved on:

Wednesday, September 13, 2023

SPAC, Asset, Acquisition, Euronext Amsterdam, Commercial property, Rare-earth element, Cryptocurrency

AMSTERDAM, Sept. 13, 2023 /PRNewswire/ -- New Amsterdam Invest N.V. (the "Company", or "New Amsterdam Invest", or "NAI"), a commercial real estate company listed on Euronext Amsterdam, announces its non-audited results for the first six months ended 30 June 2023, today[1].

Key Points:

AMSTERDAM, Sept. 13, 2023 /PRNewswire/ -- New Amsterdam Invest N.V. (the "Company", or "New Amsterdam Invest", or "NAI"), a commercial real estate company listed on Euronext Amsterdam, announces its non-audited results for the first six months ended 30 June 2023, today[1].
That being said, 2023 is a transitional year for New Amsterdam Invest.
The greater part of the first half of 2023 was devoted to management efforts to realize a business combination for the special purpose acquisition company (SPAC) New Amsterdam Invest.
This implies that the results for the first half year are not characteristic for the Company's regular operational results going forward.

Schulte Roth & Zabel Bolsters M&A and Securities Group With Addition of David Curtiss

Retrieved on:

Wednesday, September 6, 2023

Consulting, Professional Services, Legal, SPAC, Science, Daiwa Securities Group, Gettysburg College, PIPE, Washington College of Law, Special, Roth, Title 11 of the United States Code, Investment, Shareholder, Security (finance), Schulte Roth & Zabel, Private investigator, Financial services

Schulte Roth & Zabel is proud to announce the addition of David Curtiss as a partner in the M&A and Securities Group in New York.

Key Points:

Schulte Roth & Zabel is proud to announce the addition of David Curtiss as a partner in the M&A and Securities Group in New York.
“David will have an immediate impact on our securities capabilities, including in PIPEs, converts and 144A transactions, as well as across our Investment Management, Shareholder Activism, M&A and Business Reorganization practices.
We’re very excited for him to join the team,” said Ele Klein, co-chair of the M&A and Securities and Shareholder Activism groups.
“David has a high level of sophisticated experience that will be a great benefit to a wide range of our private capital clients,” said David Efron, Schulte’s co-managing partner.

Scienjoy Reports Second Quarter 2023 Unaudited Financial Results

Retrieved on:

Wednesday, September 6, 2023

BEIJING, Sept. 6, 2023 /PRNewswire/ -- Scienjoy Holding Corporation ("Scienjoy", the "Company", or "We") (NASDAQ: SJ), a leading provider of live streaming and entertainment platforms, today announced its financial results for the second quarter and first half of fiscal year 2023 ended June 30, 2023.

Key Points:

BEIJING, Sept. 6, 2023 /PRNewswire/ -- Scienjoy Holding Corporation ("Scienjoy", the "Company", or "We") (NASDAQ: SJ), a leading provider of live streaming and entertainment platforms, today announced its financial results for the second quarter and first half of fiscal year 2023 ended June 30, 2023.
With our recent strategic investment in DVCC TECHNOLOGY L.L.C ("DVCC"), Scienjoy is taking bold steps to embrace the metaverse revolution.
Mr. Denny Tang, Chief Financial Officer of Scienjoy, added, "During the second quarter of 2023, we have seen a significant increase of 41.3% to RMB86.8 million (US$12.0 million) in adjusted net income attributable to the Company's shareholders, despite a decrease in net revenues.
The Company expects its total net revenues to be in the range of RMB330 million to RMB360 million in the third quarter of 2023.

OTMO Stockholders: Robbins LLP Reminds Investors it is Investigating the Officers and Directors of Otonomo Technologies, Inc.

Retrieved on:

Tuesday, September 5, 2023

Class Action Lawsuit, Professional Services, Legal, SPAC, Acquisition, Management

Shareholder rights law firm Robbins LLP is investigating Otonomo Technologies, Inc. (NASDAQ: OTMO) to determine whether certain Otonomo Technologies Ltd. officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.

Key Points:

Shareholder rights law firm Robbins LLP is investigating Otonomo Technologies, Inc. (NASDAQ: OTMO) to determine whether certain Otonomo Technologies Ltd. officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.
In August 2021, special purpose acquisition company Software Acquisition Group Inc. completed a business combination with Otonomo Technologies, Ltd. After the business combination, the company proceeded to operate under Otonomo Technologies, Inc. On its first day of trading, the stock closed at $8.31 per share.
On August 4, 2023, the Company conducted a 15 for 1 reverse stock split.
What Now: Otonomo Technologies Ltd. shareholders have legal options.

PRCH Stockholders: Robbins LLP Reminds Investors it is Investigating the Officers and Directors of Porch Group, Inc.

Retrieved on:

Saturday, September 2, 2023

Class Action Lawsuit, Professional Services, Legal, SPAC, Acquisition, PTAC, Management, Porch (company)

Shareholder rights law firm Robbins LLP is investigating Porch Group, Inc. (NASDAQ: PRCH) to determine whether certain Porch Group officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.

Key Points:

Shareholder rights law firm Robbins LLP is investigating Porch Group, Inc. (NASDAQ: PRCH) to determine whether certain Porch Group officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.
In December 2020, special purpose acquisition company PropTech Acquisition Corp. (PTAC) completed a business combination with Porch.com, after which the Company proceeded to operate as Porch Group, Inc. At its height, Porch Group shares traded over $27.00 per share.
What Now: Porch Group, Inc. shareholders have legal options.
If you owned shares of PropTech Acquisition Corp. at the time of the business combination and have incurred significant loss in the stock, contact us for more information about your rights.

SFR Stockholders: Robbins LLP Reminds Investors it is Investigating the Officers and Directors of Appreciate Holdings, Inc.

Retrieved on:

Saturday, September 2, 2023

Class Action Lawsuit, Professional Services, Legal, SPAC, Acquisition, SFR, Appreciation, Security (finance)

Shareholder rights law firm Robbins LLP is investigating Appreciate Holdings, Inc. (NASDAQ: SFR) to determine whether certain Appreciate Holdings officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.

Key Points:

Shareholder rights law firm Robbins LLP is investigating Appreciate Holdings, Inc. (NASDAQ: SFR) to determine whether certain Appreciate Holdings officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.
In November 2022, special purpose acquisition company PropTech Investment Corporation II completed a business combination with Appreciate, after which the company proceeded to operate as Appreciate Holdings, Inc.
While the stock briefly traded over $10.00, it now trades around $0.28.
What Now: Appreciate Holdings, Inc. shareholders have legal options.

ADV Stockholders: Robbins LLP Reminds Investors it is Investigating the Officers and Directors of Advantage Solutions Inc.

Retrieved on:

Saturday, September 2, 2023

Class Action Lawsuit, Professional Services, Legal, SPAC, ADV, Acquisition

Shareholder rights law firm Robbins LLP is investigating Advantage Solutions Inc. (NASDAQ: ADV) to determine whether certain Advantage Solutions officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.

Key Points:

Shareholder rights law firm Robbins LLP is investigating Advantage Solutions Inc. (NASDAQ: ADV) to determine whether certain Advantage Solutions officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process.
In September 2020 special purpose acquisition company Conyers Park II Acquisition Corp. completed a business combination with Advantage Solutions.
Today, Advantage Solutions shares trade below $3.00 range.
What Now: Advantage Solutions Inc. shareholders have legal options.

AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of WT Holdings, Inc. and Subsidiary

Retrieved on:

Thursday, August 31, 2023

Professional Services, Insurance, Finance, SPAC, Good, AM Best, Evergreen, ALL, Credit, FSR, AM, SIC, News

Concurrently, AM Best has maintained the under review with negative implications status for the Long-Term ICR of “bbb-” (Good) of WT Holdings, Inc. (Memphis, TN).

Key Points:

Concurrently, AM Best has maintained the under review with negative implications status for the Long-Term ICR of “bbb-” (Good) of WT Holdings, Inc. (Memphis, TN).
In addition, AM Best has placed the ratings for Evergreen under review with negative implications on a stand-alone basis, Evergreen’s results have been substantially profitable and consistent.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

FG Financial Group, Inc. Merchant Banking Platform Company FG Merger Corp. Has Completed Business Combination with iCoreConnect

Retrieved on:

Thursday, August 31, 2023

FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that its Merchant Banking platform company, FG Merger Corp. (FG Merger) (Nasdaq: FGMC), has completed its previously announced business combination with iCoreConnect Inc. (Nasdaq: ICCT), a market leading, cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform of applications and services.

Key Points:

FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that its Merchant Banking platform company, FG Merger Corp. (FG Merger) (Nasdaq: FGMC), has completed its previously announced business combination with iCoreConnect Inc. (Nasdaq: ICCT), a market leading, cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform of applications and services.
FG Merger now operates as iCoreConnect Inc. and began trading on the Nasdaq Capital Market under the ticker “ICCT” on Monday, August 28, 2023.
FG Financial Group has beneficial ownership of approximately:
220,000 common shares of iCoreConnect,
650,000 convertible preferred shares of iCoreConnect, and
1 million warrants exercisable into convertible preferred shares of iCoreConnect.
FG Financial Group’s CEO Larry Swets, Jr. commented, “We are pleased with FG Merger’s closing of this business combination with iCoreConnect, a market leading software company with an attractive, scalable business model positioned to take advantage of healthcare industry tailwinds.