RWI

Celularity and Genting Leaders Comments on Closing $21 Million Financing Transactions

Retrieved on: 
Thursday, January 25, 2024
Regenerative medicine, Research, Genting Group, Form, RWI, CELU, YA

The other financing transaction is an agreement amending and restating the Company’s previously announced senior secured loan agreement with Resorts World Inc Pte Ltd. (“RWI”) for an additional loan of $15.0 million.

Key Points: 
  • The other financing transaction is an agreement amending and restating the Company’s previously announced senior secured loan agreement with Resorts World Inc Pte Ltd. (“RWI”) for an additional loan of $15.0 million.
  • According to Robert J. Hariri, M.D., Ph.D., Chairman, Chief Executive Officer, and founder, “These transactions are important in two fundamental ways.
  • First, both Dragasac and RWI increased their existing financial stakes in Celularity, Dragasac through the $6 million private placement and RWI through the $15 million amended and restated senior secured loan.
  • Second, the transactions together infused $21 million of fresh capital into Celularity, which we will apply to strengthen our balance sheet and for other purposes.

Renewi plc: Half-year report

Retrieved on: 
Saturday, December 30, 2023
Sand, Custodial Institutions Agency, COVID-19, Recycling, Soil, C&D, Demolition, M&W, RWI, Growth, Webcast, TotalEnergies, Plastic, EPS

Renewi plc (“Renewi”, the “Company” or, together with its subsidiaries, the “Group”) (LSE: RWI), the leading European waste-to-product business, announces its results for the six months ended 30 September 2023 (“HY24” or the “period”).

Key Points: 
  • Renewi plc (“Renewi”, the “Company” or, together with its subsidiaries, the “Group”) (LSE: RWI), the leading European waste-to-product business, announces its results for the six months ended 30 September 2023 (“HY24” or the “period”).
  • Further benefits of our margin and portfolio initiatives, together with stabilised recyclate prices and tailwinds generated by Renewi 2.0, underpin confidence in good progress in FY25
    Deliver >5% p.a.
  • On the commercial front Renewi won a number of significant customers as a result of our strong value proposition, such as the Dutch Ministry of Defence, TotalEnergies and Custodial Institutions Agency.
  • Renewi will host a virtual presentation at 10:30-11:30am CET today.

zCloak Network Announces the Launch of Its New On-Chain KYC Solution

Retrieved on: 
Monday, November 6, 2023
Ethereum, Decentralized finance, W3C, History, RWI, KYC, Privacy, VC, AML, Cryptocurrency, Web3

Hong Kong, Hong Kong--(Newsfile Corp. - November 6, 2023) - zCloak Network is pleased to announce its newest omni-chain KYC service, Legit ID .

Key Points: 
  • Hong Kong, Hong Kong--(Newsfile Corp. - November 6, 2023) - zCloak Network is pleased to announce its newest omni-chain KYC service, Legit ID .
  • zCloak is a platform dedicated to building Real-World Identity (RWI) infrastructure for Web3.
  • According to zCloak, this advancement aims to reshape identity and asset-backed protocols in the digital realm.
  • "Balancing regulation and compliance with Web3's inherent values of decentralization and openness is essential," says Dr. Zhang, the founder of zCloak Network.

Renewi plc: Renewi signs €400m Revolving Credit Facility

Retrieved on: 
Friday, August 4, 2023
Carbon, S&P, LSE, Science Based Targets initiative, Line of credit, RWI, ABN, EBITA, Recycling, Ashurst, CIC, Green, Rothschild, KBC, Treasury, Circular economy, Credit Accumulation and Transfer Scheme, MLA, LBBW, Rothschild & Co, RCF, BNP, BBVA, EIB, NatWest, Renewable energy, Real estate, Security (finance), Risk management, EBITDA, Renewi

Renewi plc (LSE: RWI), the leading international waste-to-product company, is pleased to announce the renewal of its Revolving Credit Facility (“RCF”).

Key Points: 
  • Renewi plc (LSE: RWI), the leading international waste-to-product company, is pleased to announce the renewal of its Revolving Credit Facility (“RCF”).
  • The facility size remains unchanged at €400m and is for an initial five-year term to 2028 with two one-year extension options.
  • In addition to the RCF facility, the Group has €305m of fixed rate bonds, EUPPs, and the EIB facility.
  • Adam Richford, Head of Treasury and Investor Relations at Renewi commented: “We are delighted to announce our green sustainability-linked Revolving Credit Facility, as well as the commitment displayed by our existing and new lenders to support Renewi over the next five to seven years.

Renewi plc: Q1 trading update

Retrieved on: 
Thursday, July 13, 2023
Pressure, LSE, Plastic, Building material, RWI, COVID, EBIT, M&W, Outline, Growth, Commercial, Legislation, Renewable energy, Renewi, Acht

Renewi plc (LSE: RWI), the leading international waste-to-product company, announces its trading update for the three months ended 30 June 2023.

Key Points: 
  • Renewi plc (LSE: RWI), the leading international waste-to-product company, announces its trading update for the three months ended 30 June 2023.
  • As expected Group Revenue and EBIT in the first three months of the year were lower than prior year as recyclate prices were at peak level during Q1 last year.
  • Recyclate prices have largely stabilised since September 2022, at levels slightly above historical averages.
  • The impact of recyclate prices has been mitigated by dynamic pricing combined with cost measures and the benefits of the Renewi 2.0 programme.

B. Riley Acquires Litigation Consulting and Forensic Accounting Firm, Crawford & Winiarski

Retrieved on: 
Tuesday, July 11, 2023
James B. Riley, Forensic accounting, RWI, Crawford, Audit, Management

LOS ANGELES and DETROIT, July 11, 2023 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) ("B. Riley"), a diversified financial services platform, today announced it has acquired Crawford & Winiarski, a boutique forensic accounting and litigation consulting firm based in Detroit, Michigan.

Key Points: 
  • LOS ANGELES and DETROIT, July 11, 2023 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) ("B. Riley"), a diversified financial services platform, today announced it has acquired Crawford & Winiarski, a boutique forensic accounting and litigation consulting firm based in Detroit, Michigan.
  • B. Riley Financial has acquired Detroit-based forensic accounting and litigation consulting firm, Crawford & Winiarski
    Established in 2002, Crawford & Winiarski specializes in assisting with business disputes, fraud investigations, damages analyses, corporate insolvency matters, and representations and warranties insurance (RWI) claims analyses.
  • This highly skilled team, including founding members Rod Crawford and Bob Winiarski, joins B. Riley Advisory Services, establishing a dedicated Litigation Support and Forensic Accounting practice in Detroit.
  • We are pleased to welcome the Crawford & Winiarski team to B. Riley and look forward to building on our established leadership in forensic accounting and litigation consulting in the Midwest."

Reps and Warranties Insurance Claims Increase in Frequency and Severity as Claims Process Becomes More Difficult, According to Lowenstein Survey and Report

Retrieved on: 
Tuesday, April 18, 2023
SPAC, Insurance, Procurement, Policy, COVID-19, Doubleback: Evolution of R&B, RWI, Privacy, Language, Acquisition, Risk, ESG, ROI, Roman Catholic Diocese of La Crosse

The Evolution of R&W Insurance Claims ," is based on the firm's recent survey of RWI market participants, including private equity, investment banking, strategic buyers, insurance brokers, and insurers.

Key Points: 
  • The Evolution of R&W Insurance Claims ," is based on the firm's recent survey of RWI market participants, including private equity, investment banking, strategic buyers, insurance brokers, and insurers.
  • It explores the impact on RWI claims from factors including the COVID-19 pandemic, event-driven litigation, and data and privacy concerns, over the last three years.
  • Co-author Lynda A. Bennett , chair of Lowenstein Sandler's Insurance Recovery practice, notes both benefits and challenges of the rise in RWI claims.
  • On the one hand, Bennett says, "R&W insurance has transformed the M&A market for the better," resulting in smoother negotiations, increased financial protections, and more fulsome diligence.

Web3 Ventures Inc. Provides Update on Strategic Investments

Retrieved on: 
Monday, March 20, 2023
NOT, FOR, Virgin Islands, British Virgin Islands, RWI, British Virgin Islands Financial Services Commission, Mindfulness, Web 3.0, Stock, VR, Creativity, Convertible, Community, Contango, Patient, Virtual reality, Growth, Simple agreement for future equity, VC, Mental health, AR, Video game, Security (finance), Life insurance, Rocket, Dynasty

TORONTO, March 20, 2023 (GLOBE NEWSWIRE) -- Web3 Ventures Inc. (the “Company” or “W3V”), a diversified investment company focused on technical and cultural breakthroughs for the decentralized web, is pleased to announce a strategic investment in Rocket Wellness Inc. (“RWI”), Contango Digital Assets Inc. ("Contango"), and Dynasty Studios, Inc. ("Dynasty").

Key Points: 
  • "Community is a foundational pillar of Web3 Ventures’ investment strategy,” said David Nikzad, CEO of W3V.
  • The value of the share exchange pursuant to the Share Swap Agreement is US$250,000.
  • The Rocket VR Health platform, developed by RWI, is a digital health platform that offers virtual reality therapeutic experiences and programs.
  • RWI is transforming the mental health treatment landscape by offering immersive live support groups, interactive mindfulness meditations, and evidence-based therapy programs.

Yem Mai Joins Alliant Insurance Services

Retrieved on: 
Wednesday, December 14, 2022
Finance, Consulting, Professional Services, Small Business, Insurance, Berkeley, Creativity, Mai, Business administration, Risk management, University, Organization, RWI, Insurance, Risk, Financial services, Alliant

Yem Mai has joined Alliant Insurance Services as Chief Broking Officer, Alliant Representations & Warranties as part of the Alliant Mergers & Acquisitions vertical.

Key Points: 
  • Yem Mai has joined Alliant Insurance Services as Chief Broking Officer, Alliant Representations & Warranties as part of the Alliant Mergers & Acquisitions vertical.
  • Based in San Francisco, Mai brings additional expertise to Alliant Mergers & Acquisitions that will provide clients with strategies and solutions around representations & warranties insurance (RWI) and transactional risk.
  • Prior to Alliant, Mai spent the past nine years with a national insurance brokerage firm, most recently as Transactional Risk Advisory Leader for North America.
  • Alliant Insurance Services is one of the nations leading distributors of diversified insurance products and services.

Renewi plc: Appointment of Non-Executive Director

Retrieved on: 
Wednesday, October 12, 2022
AG Insurance, CFO, Metal, AGM, Communication, Incineration, Audit committee, Catholic University of Leuven (1834–1968), Paper, Economics, Plastic, Arthur Andersen, Kathleen, Audit, ICT, Recycling, Technology, University, Board, MAR, Applied economics, Glass, LSE, World line, RWI, Insurance, Heart, Ion Beam Applications, Solution, Wood, CO2, Management, Renewi

Renewi plc (LSE: RWI), the leading European waste-to-product company, announces the appointment of Katleen Vandeweyer to its Board as a Non-Executive Director with effect from 1 December 2022.

Key Points: 
  • Renewi plc (LSE: RWI), the leading European waste-to-product company, announces the appointment of Katleen Vandeweyer to its Board as a Non-Executive Director with effect from 1 December 2022.
  • She currently serves as Non-Executive Director on the Boards of Ageas Group and AG Insurance, where she sits on the Audit committees of both companies.
  • With sustainability at the heart of its business model I consider Renewi a change maker in the circular economy.
  • Renewi is recognised as a market leader in Benelux and a regional European leader in recycling.