BCA

VivoPower announces binding heads of agreement to merge Tembo into NASDAQ listed CCTS at an indicative US$838m Equity Value

Retrieved on: 
Tuesday, April 2, 2024

Tembo E-LV (“Tembo”), a subsidiary of VivoPower International PLC (“VivoPower”), will merge with CCTS (“Cactus Acquisition Corp. 1 Limited”), a NASDAQ-listed company.

Key Points: 
  • Tembo E-LV (“Tembo”), a subsidiary of VivoPower International PLC (“VivoPower”), will merge with CCTS (“Cactus Acquisition Corp. 1 Limited”), a NASDAQ-listed company.
  • VivoPower shareholders on the final record date will receive 5 Tembo Group shares for each 1 VivoPower share held.
  • A business combination between CCTS and Tembo will be effected through the merger of CCTS with and into Tembo, with Tembo surviving the merger.
  • CCTS will issue 83.8 million shares in exchange for Tembo shares at $10 per CCTS share.

Announcing BCA's Essential Strategies for Finding Trusted Crypto Recovery Partners

Retrieved on: 
Monday, April 1, 2024

Today, BCA announces its comprehensive set of criteria and considerations for individuals and investors seeking to engage a crypto recovery service that not only promises but delivers on the recovery of lost assets.

Key Points: 
  • Today, BCA announces its comprehensive set of criteria and considerations for individuals and investors seeking to engage a crypto recovery service that not only promises but delivers on the recovery of lost assets.
  • The digital finance landscape is fraught with challenges, necessitating a cautious and informed approach to selecting a recovery partner.
  • Broker Complaint Alert highlights key factors to consider when choosing a crypto recovery service:
    Documented Success and Expertise: Select a service with a track record of recovering funds from a variety of crypto scams.
  • "In choosing a crypto recovery service, you're placing your trust in a team to safeguard your investments against fraud.

AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement

Retrieved on: 
Friday, March 29, 2024

SILICON VALLEY, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- AERKOMM Inc. (Euronext: AKOM, OTCQX: AKOM, “AERKOMM”), an innovative satellite technology company providing multi-orbit broadband connectivity solutions, and IX Acquisition Corp (Nasdaq: IXAQU, “IXAQ”), a SPAC focused on the technology, media and telecommunications industries, have entered into a definitive Business Combination Agreement (“BCA”) and raised US $35 million in a private placement.

Key Points: 
  • Adjusted enterprise value of AERKOMM is US $200 million, as well as up to US $200 million of earnout shares for the AERKOMM shareholders, if certain milestones are achieved.
  • Transaction supported by a fund-raise of US $35 million common equity PIPE (Private Investment in Public Equity) subscribed concurrently with the signing of the BCA.
  • There may be more capital raised prior to the business combination, but there is no minimum cash condition for the transaction.
  • AERKOMM is developing partnerships with both public and private sector clients that have increasing demands for multi-beam and multi-orbit satellite communications solutions.

BCA Labs Unveils AI-Powered BCA Protocol to Reshape AI Training Data, Puts Users in Control

Retrieved on: 
Thursday, March 28, 2024

BCA Labs received grants from Google and is part of the NVIDIA inception program.

Key Points: 
  • BCA Labs received grants from Google and is part of the NVIDIA inception program.
  • The recent stealth funding round, which astonishingly concluded in just three minutes, highlights the immense confidence and excitement surrounding the BCA Protocol.
  • Additionally, BCA Labs is fully integrating OpenAI into the BCA Protocol to harness the power of advanced artificial intelligence.
  • “The BCA Protocol harnesses the power of AI to create a fairer, more transparent data collection for training LLMs," said a representative of BCA Labs.

Zura Bio Reports Full Year 2023 Financial Results, Business Highlights, and Appoints Robert Lisicki as Chief Executive Officer

Retrieved on: 
Thursday, March 28, 2024

Zura Bio Limited (Nasdaq: ZURA) (“Zura Bio”) a clinical-stage immunology company developing novel dual-pathway antibodies for autoimmune and inflammatory diseases, today reported full year 2023 financial results and recent business highlights.

Key Points: 
  • Zura Bio Limited (Nasdaq: ZURA) (“Zura Bio”) a clinical-stage immunology company developing novel dual-pathway antibodies for autoimmune and inflammatory diseases, today reported full year 2023 financial results and recent business highlights.
  • The Company has also announced the appointment of Robert Lisicki as Chief Executive Officer (CEO), effective April 8, 2024, succeeding its Founding CEO, Someit Sidhu, M.D.
  • Mr. Lisicki joined Zura Bio in January 2024 as President and Chief Operating Officer.
  • Dr. Sidhu continued, "On behalf of the Management Team and Board, I am pleased to welcome Robert as the Chief Executive Officer.

Southeast Asia Elevators and Escalators Market Report 2024-2029 - Green Building and Certifications in Construction Leading to Adoption of Energy-Efficient Vertical Transportation Installations - ResearchAndMarkets.com

Retrieved on: 
Friday, March 15, 2024

The "Southeast Asia Elevators and Escalators Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Southeast Asia Elevators and Escalators Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
  • Otis, Schindler, TK Elevator, and KONE are the top 4 manufacturers in the Southeast Asia elevator and escalator market, with a market share of nearly 52%.
  • In Indonesia, the need for elevators increases as more people choose public transportation over other modes.
  • To achieve this, the target of 60% of Jakarta residents using public transit by 2030 will fuel the construction of public transportation.

Investcorp Europe Acquisition Corp I Amends Business Combination Agreement Following Divestiture of OpSec Security

Retrieved on: 
Monday, March 11, 2024

Investcorp Europe Acquisition Corp I (Nasdaq: IVCB) (“Investcorp Europe”), a special purpose acquisition company, today announced an amendment to its previously announced business combination agreement (“BCA”), in connection with entry into an agreement for the sale of the OpSec Security business (“OpSec”) to Crane NXT, Co. for $270 million in cash.

Key Points: 
  • Investcorp Europe Acquisition Corp I (Nasdaq: IVCB) (“Investcorp Europe”), a special purpose acquisition company, today announced an amendment to its previously announced business combination agreement (“BCA”), in connection with entry into an agreement for the sale of the OpSec Security business (“OpSec”) to Crane NXT, Co. for $270 million in cash.
  • If the OpSec divestiture is terminated, and the amended BCA is not terminated, the BCA transactions with OpSec and Zacco would proceed as originally contemplated.
  • This all-cash transaction provides Investcorp Europe shareholders the ability to realize value from OpSec as we assess an amended BCA to potentially combine with Zacco,” said Hazem Ben-Gacem, Chairman of Investcorp Europe and also a Co-CEO at Investcorp Holdings B.S.C.
  • Investcorp Europe intends to seek shareholder approval of a deadline extension from June 17, 2024 to December 17, 2024 to complete an initial business combination.

BRENTWOOD CAPITAL ADVISORS STRENGTHENS TEAM WITH THE ADDITION OF VETERAN HEALTHCARE INVESTMENT BANKER AND OPERATOR DAN DAVIDSON

Retrieved on: 
Thursday, April 4, 2024

NASHVILLE, Tenn., April 4, 2024 /PRNewswire/ -- Brentwood Capital Advisors ("BCA"), one of the nation's premier independent investment banks serving growth-oriented, middle-market Healthcare Services, Healthcare Technology, and Business Services companies, is pleased to announce that Dan Davidson has joined the firm as Managing Director.

Key Points: 
  • NASHVILLE, Tenn., April 4, 2024 /PRNewswire/ -- Brentwood Capital Advisors ("BCA"), one of the nation's premier independent investment banks serving growth-oriented, middle-market Healthcare Services, Healthcare Technology, and Business Services companies, is pleased to announce that Dan Davidson has joined the firm as Managing Director.
  • He will provide senior leadership for the firm's healthcare advisory business, primarily focusing on behavioral health, physician services, and other healthcare services.
  • Dan Davidson brings over 25 years of advisory experience focused on a wide range of transactions for founder and private equity-owned healthcare companies.
  • Before Galen Mental Health, Dan was a founder and managing director of Coker Capital Securities, where he built the firm's behavioral health advisory franchise before the firm's sale in 2018.

AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement

Retrieved on: 
Friday, March 29, 2024

Adjusted enterprise value of AERKOMM is US $200 million, as well as up to US $200 million of earnout shares for the AERKOMM shareholders, if certain milestones are achieved.

Key Points: 
  • Adjusted enterprise value of AERKOMM is US $200 million, as well as up to US $200 million of earnout shares for the AERKOMM shareholders, if certain milestones are achieved.
  • Transaction supported by a fund-raise of US $35 million common equity PIPE (Private Investment in Public Equity) subscribed concurrently with the signing of the BCA.
  • There may be more capital raised prior to the business combination, but there is no minimum cash condition for the transaction.
  • AERKOMM is developing partnerships with both public and private sector clients that have increasing demands for multi-beam and multi-orbit satellite communications solutions.

Boeing Announces Board and Management Changes

Retrieved on: 
Monday, March 25, 2024

Board Chair Larry Kellner has informed the board that he does not intend to stand for re-election at the upcoming Annual Shareholder meeting.

Key Points: 
  • Board Chair Larry Kellner has informed the board that he does not intend to stand for re-election at the upcoming Annual Shareholder meeting.
  • The board has elected Steve Mollenkopf to succeed Kellner as independent board chair.
  • Kellner has served on the Boeing Board for 13 years and served as its chair since late 2019.
  • With a strong board, an excellent management team and 170,000 dedicated Boeing employees, I am fully confident in our company's future."