Limited

Altree Developments Inc. leads West Side Square Development Fund’s initial public offering, which successfully closed

Retrieved on: 
Friday, November 17, 2023

The proceeds from the IPO of West Side Square Development Fund, an innovative mutual fund trust, will be used to fund the development and unlock the potential of West Side Square, an ambitious purpose-built rental development in New Jersey, offering value-creating potential for investors.

Key Points: 
  • The proceeds from the IPO of West Side Square Development Fund, an innovative mutual fund trust, will be used to fund the development and unlock the potential of West Side Square, an ambitious purpose-built rental development in New Jersey, offering value-creating potential for investors.
  • Successful public capital raises to fund the development of West Side Square, while Altree, AJDL, Westdale Properties, among others, retain an interest in the project.
  • As we embark on this transformative journey with the West Side Square Development Fund, we're not just reshaping the Jersey City skyline; we're unlocking significant value for Altree shareholders,” says Zev Mandelbaum, Altree Developments' Founder and CEO.
  • “West Side Square's strategic location, seamless Manhattan connectivity, and integration into the Journal Square neighbourhood embody our commitment to innovation and urban development.

DayDayCook Announces Pricing of Initial Public Offering

Retrieved on: 
Friday, November 17, 2023

NEW YORK, Nov. 17, 2023 (GLOBE NEWSWIRE) -- DDC Enterprise Ltd, (NYSEAM: DDC) (“DayDayCook” or the “Company”), a leading content-driven food consumer brand, today announced the pricing of its initial public offering of 3,900,000 of its Class A Ordinary Shares at a price of $8.50 per share.

Key Points: 
  • NEW YORK, Nov. 17, 2023 (GLOBE NEWSWIRE) -- DDC Enterprise Ltd, (NYSEAM: DDC) (“DayDayCook” or the “Company”), a leading content-driven food consumer brand, today announced the pricing of its initial public offering of 3,900,000 of its Class A Ordinary Shares at a price of $8.50 per share.
  • In addition, DayDayCook has granted the underwriters a 30-day option to purchase an additional 585,000 shares of its common stock at the initial public offering price, less the underwriting discounts and commissions.
  • The gross proceeds to DayDayCook from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by the Company, are expected to be $33.15 million.
  • The offering is expected to close on November 21, 2023, subject to the satisfaction of customary closing conditions.

Willis Sustainable Fuels (UK) Limited, Awarded £4.721M Grant in UK’s Advanced Fuels Fund (AFF) Competition

Retrieved on: 
Friday, November 17, 2023

The Department for Transport (DfT) competition supports the UK advanced fuels sector through grant funding to first-of-a-kind commercial and demonstration-scale projects in the UK at all development stages up to the start of construction.

Key Points: 
  • The Department for Transport (DfT) competition supports the UK advanced fuels sector through grant funding to first-of-a-kind commercial and demonstration-scale projects in the UK at all development stages up to the start of construction.
  • “The aviation industry is at a critical juncture, with a pressing need to transition towards more environmentally friendly energy sources.
  • SAF represents one of the most promising pathways to achieving sizeable reductions in carbon emissions,” said Austin C. Willis, CEO of WLFC.
  • WLFC’s Carbonshift PtL process is designed to produce “drop-in” sustainable aviation fuel utilizing advanced technology for PtL SAF, making it available for immediate use once blended with jet fuel.

Information on the Total Number of Voting Rights (Denominator) following Conversion Notice from Atlas

Retrieved on: 
Thursday, November 16, 2023

Atlas Special Opportunities, LLC has converted 4 convertible bonds in Oxurion resulting in a EUR 100,000 capital increase.

Key Points: 
  • Atlas Special Opportunities, LLC has converted 4 convertible bonds in Oxurion resulting in a EUR 100,000 capital increase.
  • This is part of Atlas Special Opportunities, LLC’s EUR 20 million Capital Commitment1 that will allow Oxurion to focus on progressing its novel and differentiated back of the eye drug candidate targeting potential market opportunities of over USD 5 billion.
  • Following completion of the capital increase through the conversion of the convertible bonds, the total number of shares issued by Oxurion amounts to 3,247,913,079  outstanding ordinary shares carrying voting rights (compared to 3,112,043,514 outstanding ordinary shares previously).
  • This number will be used as the denominator for the calculation of the percentages of shareholdings.

Unicorn Group Partners with Incorporation Companies in Switzerland to Facilitate E-Commerce Growth

Retrieved on: 
Monday, December 18, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231218789775/en/
    Unicorn Group, leading provider of online payment processing and multi-currency merchant services, is offering obligation-free partnership opportunities to incorporation companies in Switzerland and invites representatives of these companies to inquire today and begin creating new, profitable revenue streams.
  • Incorporation companies in Switzerland like NewCo, EuroCompanyFormations.com, ELI Swiss, Swiss Company Formation, and Tetra Consultants are helping their clients incorporate their Swiss Limited Liability Companies, Swiss Limited Companies, Sole Proprietorships, General Partnerships, Limited Partnerships, Private Limited Liability Companies, and Stock Corporations.
  • Unicorn Group is partnering with Swiss Incorporation Companies to add value to their services and offer their incorporation clients leading online payment solutions that are form-fit for their businesses.
  • “We’re offering monthly, percentage-based residuals to incorporation companies in Switzerland that refer clients to Unicorn Group for online payment processing,” a Unicorn Group representative said.

KBRA Publishes Long-Term Credit Rating of A- with a Stable Outlook for Helios Underwriting plc's Series A Senior Unsecured Notes

Retrieved on: 
Friday, December 15, 2023

KBRA publishes the long-term credit rating of A- assigned to Helios Underwriting plc’s 9.5% fixed rate USD 75 million Series A Senior Unsecured Notes due December 15, 2030.

Key Points: 
  • KBRA publishes the long-term credit rating of A- assigned to Helios Underwriting plc’s 9.5% fixed rate USD 75 million Series A Senior Unsecured Notes due December 15, 2030.
  • The Outlook for the rating is Stable.
  • On November 14, 2023, KBRA initially assigned an unpublished A- preliminary long-term credit rating with a Stable Outlook.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

AM Best Affirms Credit Ratings of Brit Reinsurance (Bermuda) Limited

Retrieved on: 
Thursday, December 14, 2023

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Brit Reinsurance (Bermuda) Limited (Brit Re) (Bermuda).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Brit Reinsurance (Bermuda) Limited (Brit Re) (Bermuda).
  • The ratings also benefit from the implicit and explicit support of its intermediate parent, Brit Limited (Brit), and its ultimate parent, Fairfax Financial Holdings Limited (Fairfax) [TSX: FFH].
  • Brit Re, which is domiciled in Bermuda, acts primarily as an internal reinsurer for its affiliates, Lloyd’s Syndicate 2987 and Brit UW Limited.
  • 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 .

AM Best Affirms Credit Ratings of Starr International Company, Inc.’s Insurance Subsidiaries

Retrieved on: 
Wednesday, December 13, 2023

These rating actions apply to the members of Starr International Group (SIG) and Starr Insurance & Reinsurance Limited (SIRL) (Bermuda).

Key Points: 
  • These rating actions apply to the members of Starr International Group (SIG) and Starr Insurance & Reinsurance Limited (SIRL) (Bermuda).
  • Members of SIG include Starr Indemnity & Liability Company, Starr Surplus Lines Insurance Company and Starr Specialty Insurance Company.
  • Members of SIRL include Starr Property & Casualty Insurance (China) Company, Limited; Starr International Insurance (Asia) Limited (Hong Kong); Starr International Insurance (Singapore) Pte.
  • Ltd; Starr International (Europe) Limited (United Kingdom); Starr International Insurance (Switzerland) AG (Switzerland) and Starr Europe Insurance Limited (Malta).

AM Best Revises Issuer Credit Rating Outlook to Stable for Lancashire Holdings Limited and Its Subsidiaries; Affirms Credit Ratings

Retrieved on: 
Wednesday, December 13, 2023

Additionally, AM Best has revised the outlook to stable from negative and affirmed the Long-Term ICR of “bbb+” (Good) of the parent company, Lancashire Holdings Limited (Lancashire Holdings) (Hamilton, Bermuda) [LSE: LRE].

Key Points: 
  • Additionally, AM Best has revised the outlook to stable from negative and affirmed the Long-Term ICR of “bbb+” (Good) of the parent company, Lancashire Holdings Limited (Lancashire Holdings) (Hamilton, Bermuda) [LSE: LRE].
  • The Credit Ratings (ratings) reflect Lancashire’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Gunze Launches Environmentally Friendly "GEOPLAS™ HCX1", the Lightest Shrink Film for Automatic Sleeve Applicators

Retrieved on: 
Wednesday, December 13, 2023

Gunze Limited (Headquarters: Osaka, Japan, President: Toshiyasu Saguchi) [Tokyo:3002] is pleased to announce that the company will launch an eco-friendly "GEOPLAS™ HCX1", the lightest shrink film for automatic sleeve applicators in December 2023.

Key Points: 
  • Gunze Limited (Headquarters: Osaka, Japan, President: Toshiyasu Saguchi) [Tokyo:3002] is pleased to announce that the company will launch an eco-friendly "GEOPLAS™ HCX1", the lightest shrink film for automatic sleeve applicators in December 2023.
  • In response to the above background, Gunze has started to develop a hybrid shrink film that realizes the lightest weight shrink label.
  • This film is not only lightweight, but also easy to use in the shrink label market, and is both environmentally friendly and excellent in function.
  • It is widely used globally as shrink labels for PET bottled beverages, foods, cosmetics, home & personal care products and other products.