Finance Secretary (India)

GigaCloud Technology Inc Announces Completion of Independent Review

Retrieved on: 
Monday, November 13, 2023
Audit committee, White, White & Case, Finance Secretary (India), Research, The Independent Review, GCT, FTI Consulting, Audit

WALNUT, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, provided an update on the status of the previously announced independent review.

Key Points: 
  • WALNUT, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, provided an update on the status of the previously announced independent review.
  • As previously disclosed, shortly after the short-seller firm Culper Research published a report on the Company on September 28, 2023 (the “Short Seller Report”), the Company’s board of directors authorized an independent review into certain claims raised in the Short Seller Report (the “Independent Review”).
  • The Independent Review within the instructed scope has now been completed.
  • Based on such Independent Review, the Audit Committee has concluded that the reviewed claims in the Short Seller Report were not substantiated.

OPY Acquisition Corp I Announces Intent to Liquidate

Retrieved on: 
Monday, December 18, 2023
Professional Services, Finance, Transfer, Liquidation, Trust, Finance Secretary (India), Accounting, Security (finance)

OPY Acquisition Corp I (NASDAQ: OHAA) (the “Company”) announced today that it will be unable to consummate an initial business combination and intends to dissolve and liquidate in accordance with the provisions of its Amended and Restated Certificate of Incorporation, as amended (“Liquidation”).

Key Points: 
  • OPY Acquisition Corp I (NASDAQ: OHAA) (the “Company”) announced today that it will be unable to consummate an initial business combination and intends to dissolve and liquidate in accordance with the provisions of its Amended and Restated Certificate of Incorporation, as amended (“Liquidation”).
  • To date, the Company made two monthly extensions to December 29, 2023.
  • The proceeds of the Trust Account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares.
  • Beneficial owners of Public Shares held in “street name,” however, will not need to take any action in order to receive the redemption amount.

2023 A Year of Unprecedented Growth for Velocity Clearing

Retrieved on: 
Monday, December 18, 2023
Professional Services, Data Management, Data Analytics, Technology, Finance, Consulting, Banking, International finance, Growth, Conference, Head, Finance Secretary (India), Financial services, Velocity

Velocity Clearing LLC , a global financial services technology company, today reported record growth in 2023 across multiple success metrics.

Key Points: 
  • Velocity Clearing LLC , a global financial services technology company, today reported record growth in 2023 across multiple success metrics.
  • Continually elevating the trading experience for retail and institutional clients, Velocity implemented key enhancements and innovations in client service, product offerings, team build and geographic reach.
  • Velocity Clearing CEO Michael Logan, said, “Velocity entered 2023 as a strong firm poised for further growth and we can report that as we close out the year we have exceeded all expectations of delivering premier service to our global retail and growing base of institutional clients.
  • Velocity’s Prime Brokerage platform combines concierge service with global access to multiple brokers and its very own self-clearing capabilities.

Gardiner Healthcare Acquisitions Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

Retrieved on: 
Monday, December 11, 2023
Professional Services, Health, Health Insurance, Finance, Asset Management, General Health, Transfer, Acquisition, Tax, GDNR, Commission, Trust, Trustee, Finance Secretary (India), Accounting, CST, Security (finance)

The proceeds of the Trust Account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares.

Key Points: 
  • The proceeds of the Trust Account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares.
  • The redemption of the Public Shares is expected to be completed on or about December 18, 2023 (the “Redemption Date”).
  • However, if the Company’s initial shareholders, sponsor or management team acquired any Public Shares or units in or after the Company’s initial public offering, they are entitled to liquidating distributions from the Trust Account with respect to such Public Shares.
  • About Gardiner Healthcare Acquisitions Corp. (GDNR)
    Gardiner Healthcare Acquisitions Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset Acquisitions, share purchase, reorganization or similar business combination with one or more businesses.

Edgio Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

Retrieved on: 
Tuesday, December 12, 2023
Software, Technology, Apps, Applications, Employment, Finance Secretary (India), RSU, FP, Product management, PSU Zephyrus, Compensated emancipation, Indian stock exchange, Security (finance), Media, Edgio, Amend

The inducement grant was approved by the Company's independent directors serving on its Compensation Committee and the Company’s Board of Directors and was made as a material inducement to each of Messrs. Black’s, Hinders’, Martello’s, Morgan’s and Graham’s acceptance of employment with Edgio in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of their employment compensation.

Key Points: 
  • The inducement grant was approved by the Company's independent directors serving on its Compensation Committee and the Company’s Board of Directors and was made as a material inducement to each of Messrs. Black’s, Hinders’, Martello’s, Morgan’s and Graham’s acceptance of employment with Edgio in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of their employment compensation.
  • The inducement grants consist of Restricted Stock Units (“RSUs”), Performance Restricted Stock Units (“PSUs”) and Stock Options, for an aggregate of [4,502,320] shares of the Company's common stock.
  • The exercise price per share applicable to the 368,499 Options granted to Mr. Martello is $0.49, the closing price of the Company’s common stock on the grant date.
  • The inducement grants are subject to the terms and conditions of the award agreements covering the RSUs, PSUs, and Stock Options and the Company's Amended and Restated 2021 Inducement Plan.

DHC Acquisition Corp. Announces Change of Date and Time of its Shareholder Meeting

Retrieved on: 
Tuesday, November 28, 2023
Technology, Finance, Fintech, Other Technology, Electronic Commerce, Professional Services, IOT (Internet of Things), Other Professional Services, Artificial Intelligence, Shareholder Meeting, Suite, Acquisition, Form 10-K, Extension, Transaction, DHC, Proxy, Annual report, Proxy statement, Person, Finance Secretary (India), Shareholder, Name, Security (finance), Eastern Time Zone

DHC Acquisition Corp (Nasdaq: DHCA) (the “Company” or “DHC”), a special purpose acquisition company sponsored by DHC Sponsor LLC, announced today that its extraordinary general meeting of shareholders (“Shareholder Meeting”) will be postponed from its scheduled date of 9:00 a.m. Eastern Time on November 30, 2023 to 9:00 a.m. Eastern Time on December 1, 2023.

Key Points: 
  • DHC Acquisition Corp (Nasdaq: DHCA) (the “Company” or “DHC”), a special purpose acquisition company sponsored by DHC Sponsor LLC, announced today that its extraordinary general meeting of shareholders (“Shareholder Meeting”) will be postponed from its scheduled date of 9:00 a.m. Eastern Time on November 30, 2023 to 9:00 a.m. Eastern Time on December 1, 2023.
  • You will need the meeting control number that is printed on your proxy card to enter the Shareholder Meeting.
  • The record date for the Shareholder Meeting remains November 16, 2023.
  • The Company filed the original definitive proxy statement (the “Proxy Statement”) in connection with the Shareholder Meeting with the U.S. Securities and Exchange Commission (the “SEC”) on November 16, 2023.

Beard Energy Transition Acquisition Corp. and Suntuity Renewables Mutually Agree to Terminate Business Combination Agreement

Retrieved on: 
Monday, November 27, 2023
Professional Services, Business, Residential Building & Real Estate, Alternative Energy, Energy, Finance, Construction & Property, Transfer, New York Stock Exchange, Acquisition, NYSE, Security (finance), Combination, Share (finance), BRD, Wind, Redemption, Finance Secretary (India), Class B share

Beard Energy Transition Acquisition Corp., a special purpose acquisition corporation (“BRD” or the “Company”) (NYSE: BRD, BRD.U, BRD.WS), and Suntuity Renewables, a leading provider of renewable energy solutions (“Suntuity”), announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.

Key Points: 
  • Beard Energy Transition Acquisition Corp., a special purpose acquisition corporation (“BRD” or the “Company”) (NYSE: BRD, BRD.U, BRD.WS), and Suntuity Renewables, a leading provider of renewable energy solutions (“Suntuity”), announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.
  • In connection therewith, BRD will redeem all of its outstanding shares of Class A common stock (the “Class A Shares”) on or about December 12, 2023.
  • There will be no redemption rights or liquidating distributions with respect to BRD’s warrants, which will expire without value.
  • After December 12, 2023, BRD will cease all operations except those required to wind up BRD’s business.

World View and Leo Holdings Corp. II Intend to Mutually Agree to Terminate Business Combination Agreement

Retrieved on: 
Friday, November 17, 2023
Aerospace, Manufacturing, Other Technology, Technology, Engineering, Transfer, New York Stock Exchange, Acquisition, NYSE, Combination, Worldview, LHC, Wind, Redemption, Leo, Trust, Finance Secretary (India), Accounting, Security (finance), Article

World View, a global leader in stratospheric exploration and flight, and Leo Holdings Corp. II (NYSE: LHC) (“Leo”), a special purpose acquisition company (“SPAC”), announced today that they intend to mutually agree to terminate their previously announced business combination agreement (the “Business Combination Agreement”).

Key Points: 
  • World View, a global leader in stratospheric exploration and flight, and Leo Holdings Corp. II (NYSE: LHC) (“Leo”), a special purpose acquisition company (“SPAC”), announced today that they intend to mutually agree to terminate their previously announced business combination agreement (the “Business Combination Agreement”).
  • Over the course of 2023, World View received strong interest from potential investors.
  • However, given challenging market conditions, World View and Leo jointly determined that it was the best course of action at this time to not proceed with their previously announced transaction.
  • In view of the expected termination of the Business Combination Agreement, Leo determined that it will not be able to consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (as amended, the “Articles”).

Healthwell Acquisition Corp. I Announces Cancellation of Special Stockholder Meeting and its Intention to Liquidate

Retrieved on: 
Saturday, November 18, 2023
General Health, Professional Services, Health, Finance, Transfer, Liquidation, Tax, Redemption, Dissolution, Trust, IPO, Finance Secretary (India), Accounting, Security (finance)

There will be no redemption rights or liquidating distributions with respect to Healthwell’s warrants, which will expire worthless.

Key Points: 
  • There will be no redemption rights or liquidating distributions with respect to Healthwell’s warrants, which will expire worthless.
  • All other costs and expenses associated with implementing the Dissolution will be funded from proceeds held outside of the Trust Account.
  • Beneficial owners of Public Shares held in “street name,” however, will not need to take any action in order to receive the Redemption Amount.
  • The Redemption Amount is expected to be paid out within ten business days after the instruction to Continental to commence the Redemption and Liquidation.

MUFG expands Capital Markets Group with equity private placements hire

Retrieved on: 
Monday, December 4, 2023
Deutsche Bank, EPP, Equity capital markets, J. P. Morgan, Finance Secretary (India), MUFG, BMO, Marathon Capital, Mitsubishi UFJ Financial Group, Security (finance), Financial services

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Mitsubishi UFJ Financial Group (MUFG) announced today that Geoff Paul has joined the bank as Managing Director and Head of Equity Capital.

Key Points: 
  • In this newly created role, Paul will be responsible for developing MUFG's Equity Private Placements (EPP) business, allowing the bank to expand its traditional equity capital markets footprint and to serve clients' needs across the entire capital structure.
  • In addition to EPP, Paul will also lead MUFG's existing Equity Capital Markets effort.
  • This unified approach across public and private equity markets is designed to serve the equity and junior capital needs of MUFG's corporate and sponsor clients.
  • "Geoff joining our firm will allow MUFG to expand our equity capital markets footprint and to serve clients outside of the debt space, offering them a complementary solution to our existing offerings," said Raj Kapadia, International Head of Capital Markets Group.