TM Capital Corp.

LeddarTech Appoints Chris Stewart as Chief Financial Officer

Retrieved on: 
Wednesday, November 15, 2023
TSLA, Carnegie Mellon University, Entropic Communications, Organization, CFO, Industrial, Information technology, University, Qualcomm, Business administration, Financial management, Growth, ADAS, Tesla, Inc., TM Capital Corp., Security (finance), Management, Cayman Islands

QUEBEC CITY, Canada, Nov. 15, 2023 (GLOBE NEWSWIRE) -- LeddarTech ®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, proudly announces the appointment of Mr. Chris Stewart as Chief Financial Officer (“CFO”).

Key Points: 
  • QUEBEC CITY, Canada, Nov. 15, 2023 (GLOBE NEWSWIRE) -- LeddarTech ®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, proudly announces the appointment of Mr. Chris Stewart as Chief Financial Officer (“CFO”).
  • Mr. Stewart has over 20 years of financial management experience at companies ranging from startups to large public companies.
  • In addition, Mr. Stewart held multiple leadership roles, including Vice President of Finance at Entropic Communications and Chief Financial Officer of V-ENABLE Inc. (currently GroundTruth), a leader in targeted mobile advertising.
  • I am extremely energized by LeddarTech’s accomplishments and look forward to helping it realize all of its potential.”
    Mr. Charles Boulanger, CEO of LeddarTech, commented: “I am very pleased that Chris has joined the executive team of LeddarTech as Chief Financial Officer.

Prospector Capital Corp. Announces Record and Distribution Date for Issuance of Dividend Shares

Retrieved on: 
Thursday, December 7, 2023
Professional Services, Automotive, Technology, Autonomous Driving, Vehicles, Software, Finance, Artificial Intelligence, Extraordinary general meeting, Terrorism, Distribution, Business analyst, Annual report, White, Risk, White & Case, ANY, Nature, Registration statement, COVID-19, Person, Register, Business, Failure, AND, Superior court, TM Capital Corp., Risk management, NewCo, Prospector

Prospector today announced that its board of directors has set the record date for the issuance of the Dividend Shares for December 15, 2023, the currently anticipated Closing Date, immediately after giving effect to the redemption of any Prospector Class A Shares on the same date (the “Record and Distribution Date”).

Key Points: 
  • Prospector today announced that its board of directors has set the record date for the issuance of the Dividend Shares for December 15, 2023, the currently anticipated Closing Date, immediately after giving effect to the redemption of any Prospector Class A Shares on the same date (the “Record and Distribution Date”).
  • The issuance of the Dividend Shares is subject to the consummation of the Business Combination on the same date.
  • Prospector has mailed a definitive proxy statement/prospectus to its shareholders and will file other documents regarding the Business Combination with the SEC.
  • Neither Prospector nor LeddarTech can give any assurance that the conditions to the Business Combination will be satisfied.

Prospector Capital Corp. Announces Extraordinary General Meeting Date to Approve Proposed Business Combination With LeddarTech

Retrieved on: 
Friday, December 1, 2023
Banking, Professional Services, Finance, Transfer, Business analyst, Extraordinary general meeting, Registration statement, Mass meeting, Register, Accounting, Business, Form, Person, Failure, Superior court, YOU, White, Exercise, Risk, Stock transfer agent, Stock, Terrorism, Deposit, Annual report, White & Case, ANY, Tax, Nature, COVID-19, AND, TM Capital Corp., Security (finance), Bank, Risk management, NewCo, Prospector

Prospector Capital Corp. (“Prospector”) (Nasdaq: PRSRU, PRSR and PRSRW) announced that it will call an Extraordinary General Meeting of its shareholders on December 13, 2023 at 10:00 am ET to, among other things, approve the proposed business combination (the “Business Combination”) with LeddarTech Inc., a corporation existing under the laws of Canada (“LeddarTech”), and LeddarTech Holdings Inc., a company incorporated under the laws of Canada and a wholly owned subsidiary of LeddarTech (“Newco”).

Key Points: 
  • Prospector Capital Corp. (“Prospector”) (Nasdaq: PRSRU, PRSR and PRSRW) announced that it will call an Extraordinary General Meeting of its shareholders on December 13, 2023 at 10:00 am ET to, among other things, approve the proposed business combination (the “Business Combination”) with LeddarTech Inc., a corporation existing under the laws of Canada (“LeddarTech”), and LeddarTech Holdings Inc., a company incorporated under the laws of Canada and a wholly owned subsidiary of LeddarTech (“Newco”).
  • Such amount, less any owed but unpaid taxes on the funds in the Trust Account, will be paid promptly upon consummation of the Business Combination.
  • Any corrected or changed written demand of redemption rights must be received by the Transfer Agent prior to the vote taken on the proposal to approve the Business Combination at the Extraordinary General Meeting.
  • Neither Prospector nor LeddarTech can give any assurance that the conditions to the Business Combination will be satisfied.

KBRA Assigns Rating to FS KKR Capital Corp.'s $300 million Senior Unsecured Notes due 2029

Retrieved on: 
Tuesday, November 21, 2023
Banking, Professional Services, Finance, ABL, KBRA, Pressure, GxP, Software, Commercial, Investment, Business Development Company, KKR, BDC, BBB, Personal Software Services, Partnership, Professional services, RIC, AUM, FS, LTV, Kohlberg Kravis Roberts, TM Capital Corp., FSK, Security (finance)

KBRA assigns a rating of BBB to FS KKR Capital Corp.'s (“FSK” or “the company”) $400 million 7.875% senior unsecured notes due 2029.

Key Points: 
  • KBRA assigns a rating of BBB to FS KKR Capital Corp.'s (“FSK” or “the company”) $400 million 7.875% senior unsecured notes due 2029.
  • FSK is the second largest publicly traded BDC, which provides solid access to the capital markets evidenced by its $4.7 billion of senior unsecured debt outstanding.
  • KBRA favorably views the high proportion of unsecured debt to total debt of 59%, which allows for more asset unencumbrance for unsecured noteholders.
  • The company is managed by FS/KKR Advisor, LLC, a partnership of FS Investments and KKR Credit that was formed in 2018.

Rithm Capital Corp. Completes Acquisition of Sculptor Capital Management

Retrieved on: 
Friday, November 17, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, REIT, Slate, Acquisition, NYSE, Citigroup, PJT Partners, Ropes & Gray, Latham & Watkins, DeBevoise, Growth, RITM, Martha Plimpton, TM Capital Corp., Cryptocurrency

Rithm Capital Corp. (NYSE: RITM; “Rithm”) today completed its previously announced acquisition of Sculptor Capital Management Inc. (“Sculptor”) for $12.70 per Class A share in a transaction valued at approximately $719.8 million.

Key Points: 
  • Rithm Capital Corp. (NYSE: RITM; “Rithm”) today completed its previously announced acquisition of Sculptor Capital Management Inc. (“Sculptor”) for $12.70 per Class A share in a transaction valued at approximately $719.8 million.
  • In connection with the completion of the transaction, Sculptor's common stock will cease trading on the New York Stock Exchange and will be delisted.
  • “The completion of this transaction is a significant milestone for our team and an important next step in the growth and evolution of Rithm,” said Michael Nierenberg, Chairman, Chief Executive Officer, and President of Rithm Capital.
  • J.P. Morgan Securities LLC acted as financial advisor, Ropes & Gray LLP acted as legal counsel, and Gibson Dunn & Crutcher LLP, as tax counsel to Sculptor.

PROSPECTOR CAPITAL CORP. PROVIDES UPDATE ON THE STATUS OF THE BUSINESS COMBINATION CLOSING

Retrieved on: 
Monday, December 18, 2023
TM Capital Corp., Business, Tax, Business analyst, Security (finance), NewCo, Prospector

LA JOLLA, Calif., Dec. 18, 2023 /PRNewswire/ - Prospector Capital Corp. ("Prospector") (Nasdaq: PRSRU) (Nasdaq: PRSR) (Nasdaq: PRSRW) announced that the conditions to closing the proposed business combination (the "Business Combination") with LeddarTech Inc., a corporation existing under the laws of Canada ("LeddarTech"), and LeddarTech Holdings Inc., a company incorporated under the laws of Canada and a wholly owned subsidiary of LeddarTech ("Newco"), have not yet been satisfied and the Business Combination has not closed.

Key Points: 
  • LA JOLLA, Calif., Dec. 18, 2023 /PRNewswire/ - Prospector Capital Corp. ("Prospector") (Nasdaq: PRSRU) (Nasdaq: PRSR) (Nasdaq: PRSRW) announced that the conditions to closing the proposed business combination (the "Business Combination") with LeddarTech Inc., a corporation existing under the laws of Canada ("LeddarTech"), and LeddarTech Holdings Inc., a company incorporated under the laws of Canada and a wholly owned subsidiary of LeddarTech ("Newco"), have not yet been satisfied and the Business Combination has not closed.
  • The parties are working together to expeditiously satisfy such closing conditions, including obtaining the approval of Nasdaq to list Newco's common shares and warrants following the closing of the Business Combination.
  • There can be no assurance that the Business Combination will be consummated within the time period required by Prospector's governing documents, which provides that Prospector must consummate its initial business combination by December 31, 2023.
  • If the Business Combination is not completed by December 31, 2023, Prospector will, among other things, cease all operations except for the purpose of winding up and, as promptly as reasonably possible but not more than 10 business days thereafter, redeem the Prospector Class A ordinary shares (the "Prospector Class A Shares"), at a per-share price, payable in cash, equal to the aggregate amount then on deposit in Prospector's trust account, including interest earned on the funds held in the trust account and not previously released to Prospector (less taxes payable and up to US$100,000 of interest to pay dissolution expenses), divided by the number of Prospector Class A Shares then in issue.

PROSPECTOR CAPITAL CORP. PROVIDES UPDATE ON THE STATUS OF THE BUSINESS COMBINATION CLOSING

Retrieved on: 
Monday, December 18, 2023
TM Capital Corp., Business, Tax, Business analyst, Security (finance), NewCo, Prospector

LA JOLLA, Calif., Dec. 18, 2023 /PRNewswire/ -- Prospector Capital Corp. ("Prospector") (Nasdaq: PRSRU) (Nasdaq: PRSR) (Nasdaq: PRSRW) announced that the conditions to closing the proposed business combination (the "Business Combination") with LeddarTech Inc., a corporation existing under the laws of Canada ("LeddarTech"), and LeddarTech Holdings Inc., a company incorporated under the laws of Canada and a wholly owned subsidiary of LeddarTech ("Newco"), have not yet been satisfied and the Business Combination has not closed.

Key Points: 
  • LA JOLLA, Calif., Dec. 18, 2023 /PRNewswire/ -- Prospector Capital Corp. ("Prospector") (Nasdaq: PRSRU) (Nasdaq: PRSR) (Nasdaq: PRSRW) announced that the conditions to closing the proposed business combination (the "Business Combination") with LeddarTech Inc., a corporation existing under the laws of Canada ("LeddarTech"), and LeddarTech Holdings Inc., a company incorporated under the laws of Canada and a wholly owned subsidiary of LeddarTech ("Newco"), have not yet been satisfied and the Business Combination has not closed.
  • The parties are working together to expeditiously satisfy such closing conditions, including obtaining the approval of Nasdaq to list Newco's common shares and warrants following the closing of the Business Combination.
  • There can be no assurance that the Business Combination will be consummated within the time period required by Prospector's governing documents, which provides that Prospector must consummate its initial business combination by December 31, 2023.
  • If the Business Combination is not completed by December 31, 2023, Prospector will, among other things, cease all operations except for the purpose of winding up and, as promptly as reasonably possible but not more than 10 business days thereafter, redeem the Prospector Class A ordinary shares (the "Prospector Class A Shares"), at a per-share price, payable in cash, equal to the aggregate amount then on deposit in Prospector's trust account, including interest earned on the funds held in the trust account and not previously released to Prospector (less taxes payable and up to US$100,000 of interest to pay dissolution expenses), divided by the number of Prospector Class A Shares then in issue.

Janney Expands Investment Banking Platform with Acquisition of TM Capital

Retrieved on: 
Wednesday, November 8, 2023
Banking, Asset Management, Professional Services, Finance, Shane Van Boening, TM Capital Corp., Investment, Investment banking, King & Spalding, Acquisition, Growth, Scotty (Star Trek), Health, M&A, Financial services, Cryptocurrency

TM Capital has 17 managing directors and nearly 50 total employees with offices in Atlanta, Boston, and New York City.

Key Points: 
  • TM Capital has 17 managing directors and nearly 50 total employees with offices in Atlanta, Boston, and New York City.
  • Additionally, the acquisition of TM Capital solidifies Janney as one of the largest investment banks in Atlanta, following the firm’s acquisition of FIG Partners in 2019.
  • “We’re excited to welcome TM Capital to Janney.
  • James Grien and Jarrad Zalkin of TM Capital will co-lead the business with James holding the additional title of Vice Chairman of Investment Banking.

Perception Capital Acquires RCF Acquisition Corp., Announces Plans to Extend and Re-Brand

Retrieved on: 
Tuesday, November 7, 2023
SPAC, Security (finance), RCF, Acquisition, Trust, TM Capital Corp., Perception, Roman Catholic Diocese of La Crosse

Minneapolis, MN, Nov. 07, 2023 (GLOBE NEWSWIRE) -- RCF Acquisition Corp. (the “Company”), announced today the closing of a Securities Purchase Agreement between Perception Capital Partners IV LLC and RCF Sponsor VII LLC, pursuant to which Perception Capital Partners IV LLC will succeed RCF Sponsor VII LLC as the managing sponsor.

Key Points: 
  • Minneapolis, MN, Nov. 07, 2023 (GLOBE NEWSWIRE) -- RCF Acquisition Corp. (the “Company”), announced today the closing of a Securities Purchase Agreement between Perception Capital Partners IV LLC and RCF Sponsor VII LLC, pursuant to which Perception Capital Partners IV LLC will succeed RCF Sponsor VII LLC as the managing sponsor.
  • Perception Capital Partners IV LLC is affiliated with Perception Capital Partners, a private and public investment firm and serial sponsor of special purpose acquisition companies (SPACs).
  • “We are delighted to partner with the RCF team,” said Rick Gaenzle, the Company’s new Chief Executive Officer.
  • Financial Group, LLC (“CCM”), is serving as exclusive financial advisor and lead capital markets advisor to RCF Acquisition Corp.

SuRo Capital Corp. to Report Third Quarter 2023 Financial Results on Wednesday, November 8, 2023

Retrieved on: 
Wednesday, November 1, 2023
TM Capital Corp., SSSS, Webcast, International, Gaya confederacy, Cryptocurrency

NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital”) (Nasdaq: SSSS ) today announced that it will report its financial results for the quarter ended September 30, 2023 after the close of the U.S. market on Wednesday, November 8, 2023.

Key Points: 
  • NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital”) (Nasdaq: SSSS ) today announced that it will report its financial results for the quarter ended September 30, 2023 after the close of the U.S. market on Wednesday, November 8, 2023.
  • Management will hold a conference call and webcast for investors at 2:00 p.m. PT (5:00 p.m.
  • The conference call access number for U.S. participants is 866-580-3963, and the conference call access number for participants outside the U.S. is +1 786-697-3501.
  • ET) on November 15, 2023 by dialing 866-583-1035 (U.S.) or +44 (0) 20 3451 9993 (International) and using conference ID number 4506259.