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Regional Center Lawsuits Receive Favorable Preliminary Injunction Ordering the Immediate Start of the EB-5 Regional Center Program

Retrieved on: 
Wednesday, June 29, 2022

Soon after the recent Congressional reauthorization of the EB-5 Regional Center Program, USCIS introduced a requirement for existing regional centers to go through a re-application process in order to continue to operate as a functioning regional center.

Key Points: 
  • Soon after the recent Congressional reauthorization of the EB-5 Regional Center Program, USCIS introduced a requirement for existing regional centers to go through a re-application process in order to continue to operate as a functioning regional center.
  • This resulted in two lawsuits that challenged the revised EB-5 reform that specifically counter the new regional center requirements and associated fees.
  • The first lawsuit, filed by Behring Regional Center challenged the requirements by USCIS to redesignate regional centers and as of June 23rd, 2022, this lawsuit received the favorable preliminary injunction ordering the immediate start of the EB-5 Regional Center Program.
  • USIF became "the first" regional center to be recognized by 18 major financial institutions including J.P. Morgan, Wells Fargo & BlackRock.

Regional Center Lawsuits Receive Favorable Preliminary Injunction Ordering the Immediate Start of the EB-5 Regional Center Program

Retrieved on: 
Tuesday, June 28, 2022

Soon after the recent Congressional reauthorization of the EB-5 Regional Center Program, USCIS introduced a requirement for existing regional centers to go through a re-application process in order to continue to operate as a functioning regional center.

Key Points: 
  • Soon after the recent Congressional reauthorization of the EB-5 Regional Center Program, USCIS introduced a requirement for existing regional centers to go through a re-application process in order to continue to operate as a functioning regional center.
  • This resulted in two lawsuits that challenged the revised EB-5 reform that specifically counter the new regional center requirements and associated fees.
  • The first lawsuit, filed by Behring Regional Center challenged the requirements by USCIS to redesignate regional centers and as of June 23rd, 2022, this lawsuit received the favorable preliminary injunction ordering the immediate start of the EB-5 Regional Center Program.
  • USIF became "the first" regional center to be recognized by 18 major financial institutions including J.P. Morgan, Wells Fargo & BlackRock.

DGAP-News: Adler Group welcomes Bafin's examination order for the 2021 financial statements of ADLER Real Estate AG

Retrieved on: 
Wednesday, June 22, 2022

Luxembourg, 22 June 2022 Adler Group S.A. ("Adler Group") welcomes the examination order (Prfungsanordnung) of the German Federal Financial Supervisory Authority ("Bafin") for the consolidated financial statements as of 31 December 2021 and the combined management report for the financial year 2021 of its subsidiary, ADLER Real Estate AG ("ADLER Real Estate").

Key Points: 
  • Luxembourg, 22 June 2022 Adler Group S.A. ("Adler Group") welcomes the examination order (Prfungsanordnung) of the German Federal Financial Supervisory Authority ("Bafin") for the consolidated financial statements as of 31 December 2021 and the combined management report for the financial year 2021 of its subsidiary, ADLER Real Estate AG ("ADLER Real Estate").
  • A corresponding examination order was delivered to ADLER Real Estate by Bafin.
  • According to Bafin, the examination order has been issued against the background of KPMG AG auditing firm, auditor of ADLER Real Estate, disclaiming on an audit opinion on the consolidated financial statements of ADLER Real Estate.
  • This included the conclusion of the review by KPMG Forensic with the requirement to submit audited consolidated financial statements of Adler Group and ADLER Real Estate for the 2021 financial year by 30 April 2022, the disclosure of the findings of the review and their reflection in the consolidated financial statements, and the comprehensive communication of the structural and procedural measures to improve transparency and corporate governance.

DGAP-News: Atlantic BidCo GmbH: Atlantic BidCo secures 84% of Aareal Bank-Shares via its takeover offer

Retrieved on: 
Thursday, June 16, 2022

The transaction is expected to close, subject to regulatory processes, in the fourth quarter of 2022 or the first quarter of 2023.

Key Points: 
  • The transaction is expected to close, subject to regulatory processes, in the fourth quarter of 2022 or the first quarter of 2023.
  • As further specified in the offer document published on 26 April 2022, the offer is still subject to approval from bank regulatory authorities, and, to the extent applicable, antitrust authorities.
  • The firm focuses on investments in five core sectors, including business and financial services; technology; health care; industrial; and retail, consumer and leisure.
  • This announcement is for information purposes only and neither constitutes an invitation to sell, nor an offer to purchase, securities of Aareal Bank.

Cloudflare Names Enterprise Tech Veteran, Mark Hawkins, to Board of Directors

Retrieved on: 
Thursday, June 9, 2022

We're honored to welcome Mark to Cloudflares Board of Directors, said Matthew Prince, co-founder and CEO of Cloudflare.

Key Points: 
  • We're honored to welcome Mark to Cloudflares Board of Directors, said Matthew Prince, co-founder and CEO of Cloudflare.
  • In addition to his new role with Cloudflare, Hawkins currently serves as a board member for Toast, Plaid, DataRobot, and Secure Works.
  • Cloudflare, Inc. ( www.cloudflare.com / @cloudflare) is on a mission to help build a better Internet.
  • Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions.

DGAP-News: Atlantic BidCo GmbH: Atlantic BidCo secures 75% of voting rights and is to become majority shareholder of Aareal Bank

Retrieved on: 
Monday, May 30, 2022

Upon closing of the transaction, the Bidder will become the majority shareholder in Aareal Bank.

Key Points: 
  • Upon closing of the transaction, the Bidder will become the majority shareholder in Aareal Bank.
  • The additional acceptance period begins on 31 May 2022 and ends at midnight (CET) on 13 June 2022.
  • The transaction is expected to close, subject to regulatory processes, in the fourth quarter of 2022 or the first quarter of 2023.
  • This announcement is for information purposes only and neither constitutes an invitation to sell, nor an offer to purchase, securities of Aareal Bank.

DGAP-News: Atlantic BidCo exceeds minimum acceptance threshold

Retrieved on: 
Wednesday, May 25, 2022

The result of the offer at the end of the acceptance period is expected to be announced on 30 May 2022.

Key Points: 
  • The result of the offer at the end of the acceptance period is expected to be announced on 30 May 2022.
  • Ben Langworthy, Senior Managing Director at Centerbridge, added: The shareholders of Atlantic BidCo bring extensive investment experience in European financial services, real estate, software and payments.
  • The additional acceptance period is expected to commence on 31 May 2022 and end at midnight (CET) on 13 June 2022.
  • The transaction is expected to close, subject to regulatory processes, in the fourth quarter of 2022 or the first quarter of 2023.

LiveWire Ergogenics Reports Financial Performance for the First Quarter of 2022 Revenue Increased by 392% and Net Profit by 103% Outlook for Second Half of 2022

Retrieved on: 
Tuesday, May 17, 2022

We believe that the increasing customer demand for hand-crafted products versus the mass-produced product supports our narrowly focused, organic-style cultivation business model.

Key Points: 
  • We believe that the increasing customer demand for hand-crafted products versus the mass-produced product supports our narrowly focused, organic-style cultivation business model.
  • We expect Livewire's licensing and management fees related to the first harvest of Estrella River Farms to increase revenues further and be recognized in the second quarter of 2022.
  • Livewire petitioned the Federal Court for the Southern District of New York to confirm the AAA award to be paid to LiveWire.
  • Forthe quarter endedMarch 31,2022,ournet profitwas $11,668 comparedto a loss of $338,794 forthe quarter ended March 31,2021, an improvement of $350,462 or 103%%.

DGAP-News: Atlantic BidCo GmbH: Major shareholders of Aareal Bank support takeover offer by Atlantic BidCo

Retrieved on: 
Tuesday, April 5, 2022

These main shareholders of Aareal Bank have also committed to partially reinvest into a long-dated, illiquid indirect participation of approximately 20% in the Bidder.

Key Points: 
  • These main shareholders of Aareal Bank have also committed to partially reinvest into a long-dated, illiquid indirect participation of approximately 20% in the Bidder.
  • Subject to the consent of Aareal Bank and the German Federal Financial Supervisory Authority (BaFin), the Bidder intends to submit a voluntary public takeover offer to all Aareal Bank shareholders in due course, at a cash consideration of EUR 33.00 per share for all outstanding shares of Aareal Bank.
  • Advent's Managing Partner Ranjan Sen said: "We are pleased that we have reached an agreement with key shareholders of Aareal Bank who support our increased offer.
  • Atlantic BidCo aims to further develop Aareal Bank Group in line with the strategy adopted by the Management Board."

DGAP-News: Advent International and Centerbridge Partners consider a renewed takeover offer - 37 per cent of voting rights already secured

Retrieved on: 
Tuesday, April 5, 2022

Wiesbaden, 5 April 2022 - Advent International ("Advent") and Centerbridge Partners ("Centerbridge") informed Aareal Bank AG that the bidder company Atlantic BidCo GmbH has concluded talks with shareholders holding in total approximately 37 per cent of voting rights in the Company, with a view towards making a potential new takeover offer.

Key Points: 
  • Wiesbaden, 5 April 2022 - Advent International ("Advent") and Centerbridge Partners ("Centerbridge") informed Aareal Bank AG that the bidder company Atlantic BidCo GmbH has concluded talks with shareholders holding in total approximately 37 per cent of voting rights in the Company, with a view towards making a potential new takeover offer.
  • These have committed to accept the offer for their shares or, respectively, to sell them to the bidder company separately from the offer.
  • Furthermore, the financial investors consider a minimum acceptance level of a maximum of 60 per cent for the potential takeover offer.
  • As was the case with the preceding takeover offer, Aareal Bank did not seek this renewed initiative by the possible bidders.