Connecticut

Gabelli Merger Plus+ Trust plc Update on Share Purchase Offer

Retrieved on: 
Wednesday, August 17, 2022 - 11:49pm

Gabelli Funds, LLC, the investment adviser of Gabelli Merger Plus+ Trust plc (the Company), is providing shareholders, as general information, certain details of the Companys tender offer to purchase certain Ordinary Shares (Offer) in advance of publication of the Offering Circular (Circular), and follows the Companys March 23, 2022 announcement.

Key Points: 
  • Gabelli Funds, LLC, the investment adviser of Gabelli Merger Plus+ Trust plc (the Company), is providing shareholders, as general information, certain details of the Companys tender offer to purchase certain Ordinary Shares (Offer) in advance of publication of the Offering Circular (Circular), and follows the Companys March 23, 2022 announcement.
  • Shareholders should contact Gabelli Funds at GMPteam@gabelli.com to ensure their necessary evidentiary supporting materials are satisfactory and for any general assistance.
  • The Gabelli Merger Plus+ Trust (GMP) was launched in July 2017 to access Gabellis long term efforts in merger investing.
  • The investment backdrop for the Gabelli Merger Plus+ Trust is robust and positively oriented for returns.

Sachem Capital Corp. Prices Registered Public Offering of $35.0 Million 8.00% Notes

Retrieved on: 
Wednesday, August 17, 2022 - 10:40pm

BRANFORD, Conn., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $35.0 million aggregate principal amount of 8.00% unsecured, unsubordinated notes due 2027 (Notes).

Key Points: 
  • BRANFORD, Conn., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $35.0 million aggregate principal amount of 8.00% unsecured, unsubordinated notes due 2027 (Notes).
  • The net proceeds of the offering to Sachem Capital Corp. are expected to be approximately $33.7 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company.
  • The company has granted the underwriters a 30-day option to purchase up to an additional $5.25 million aggregate principal amount of Notes to cover over-allotments, if any.
  • The Notes will rank pari passu with all the companys unsecured, unsubordinated indebtedness, whether currently outstanding or issued in the future.

Ellington Financial Announces Estimated Book Value Per Common Share as of July 31, 2022

Retrieved on: 
Wednesday, August 17, 2022 - 9:15pm

Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $16.32 as of July 31, 2022.

Key Points: 
  • Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $16.32 as of July 31, 2022.
  • Estimated book value per common share is subject to change upon completion of the Company's month-end and quarter-end valuation procedures relating to its investment positions, and any such change could be material.
  • Examples of forward-looking statements in this press release include statements regarding the Company's book value per common share.
  • Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

Hybrid Pathways is one of America's Fastest Growing Companies according to Inc

Retrieved on: 
Wednesday, August 17, 2022 - 7:05pm

HARTFORD, Conn., Aug. 17, 2022 /PRNewswire-PRWeb/ -- Today, Inc. revealed that Hybrid Pathways is No. 917 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America.

Key Points: 
  • 917 on the 2022 Inc. 5000
    HARTFORD, Conn., Aug. 17, 2022 /PRNewswire-PRWeb/ -- Today, Inc. revealed that Hybrid Pathways is No.
  • Hybrid Pathways is an IT consulting firm specializing in hybrid-cloud environments, focused on security, connectivity, and identity within large, complex organizations.
  • Hybrid Pathways provides the skills and experience, combined with an innovative subscription-based-consulting model, to support the needs of today's enterprises.
  • Hybrid Pathways helps enterprise companies to connect and protect hybrid cloud environments.

Mark Wade named Bank of Texas CEO

Retrieved on: 
Wednesday, August 17, 2022 - 5:55pm

DALLAS, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Mark Wade has been named CEO for Bank of Texas as of Jan. 1, 2023.

Key Points: 
  • DALLAS, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Mark Wade has been named CEO for Bank of Texas as of Jan. 1, 2023.
  • Wade will assume the role as long-time CEO Norm Bagwell transitions into a new part-time role after leading the Texas bank for more than 15 years.
  • Mark Wade is a champion for Bank of Texas.
  • As Bank of Texas CEO, Wade will lead the companys growth and strategy across Texas and Arkansas.

Toll Brothers Announces Opening of Twin Oaks in San Ramon, Calif.

Retrieved on: 
Wednesday, August 17, 2022 - 4:38pm

SAN RAMON, Calif., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nations leading builder of luxury homes, today announced the highly anticipated opening of the sales center at its Twin Oaks master-planned community in San Ramon, Calif. Twin Oaks by Toll Brothers features luxurious single-family homes and townhomes in tranquil Contra Costa County.

Key Points: 
  • SAN RAMON, Calif., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nations leading builder of luxury homes, today announced the highly anticipated opening of the sales center at its Twin Oaks master-planned community in San Ramon, Calif. Twin Oaks by Toll Brothers features luxurious single-family homes and townhomes in tranquil Contra Costa County.
  • The Toll Brothers Sales Center is now open at 2000 Mateo Miller Circle in San Ramon, and construction is underway on the model homes.
  • Twin Oaks is also situated near highly ranked schools in the San Ramon Valley Unified School District.
  • Home buyers at Twin Oaks will experience one-stop shopping at the national award-winning Toll Brothers Design Studio in Pleasanton.

You Can't Protect What You Can't See: Aceiss Raises $3.25 Million to Enable Next Era of Access Visibility

Retrieved on: 
Wednesday, August 17, 2022 - 4:00pm

NEW CANAAN, Conn., Aug. 17, 2022 /PRNewswire/ -- Aceiss today unveiled its cybersecurity platform to solve the problem of access observability and mitigate the risk of unauthorized user access. Built on zero-trust fundamentals, Aceiss delivers unprecedented visibility and insights into user access that advances existing investments in cybersecurity and governance platforms. The company also announced $3.25 million in seed funding from Canaan, Insight Partners, Connecticut Innovations, and others. John J. Pacifico, general partner at Canaan, joined the company's board of directors in connection with the financing.

Key Points: 
  • Built on zero-trust fundamentals, Aceiss delivers unprecedented visibility and insights into user access that advances existing investments in cybersecurity and governance platforms.
  • Still, they fail to address the fundamental problem of access observability and rapidly scaling access control protections.
  • Aceiss provides immediate visibility into user access everywhere and will usher in the next era of access visibility for companies of all kinds."
  • Aceiss solves the problem of access observability for enterprises to deliver unprecedented visibility into user access, without the expensive, often years-long implementations of traditional access solutions.

ZetrOZ Systems Presented at the Annual PHATS/SPHEM 2022 Conference

Retrieved on: 
Wednesday, August 17, 2022 - 3:01pm

TRUMBULL, Conn., Aug. 17, 2022 (GLOBE NEWSWIRE) -- ZetrOZ founder and CEO George Lewis, Ph.D., spoke at the annual PHATS (Professional Hockey Athletic Trainers Society) SPHEM (Society of Professional Hockey Equipment Managers) 2022 Conference, at the JW Marriott Marco Island Beach Resort in late June.

Key Points: 
  • TRUMBULL, Conn., Aug. 17, 2022 (GLOBE NEWSWIRE) -- ZetrOZ founder and CEO George Lewis, Ph.D., spoke at the annual PHATS (Professional Hockey Athletic Trainers Society) SPHEM (Society of Professional Hockey Equipment Managers) 2022 Conference, at the JW Marriott Marco Island Beach Resort in late June.
  • ZetrOZ Systems is a Platinum Sponsor of the PHATS/SPHEM 2022 Conference.
  • ZetrOZ Systems is an FDA cGMP and ISO 13585 medical technology company headquartered in the southern coastal region of Connecticut.
  • ZetrOZ Systems produces UltrOZ, samSport, and samPro 2.0 to provide safe and effective treatment options for prevalent conditions such as arthritis.

New Sourcing Strategies Can Deliver Transformation for 40 Percent Less Than Traditional Approaches

Retrieved on: 
Wednesday, August 17, 2022 - 2:13pm

Technology-enabled disciplines such as Cloud FinOps, Technology Business Management, Software Asset Management and Concurrent Transportation Management will be discussed.

Key Points: 
  • Technology-enabled disciplines such as Cloud FinOps, Technology Business Management, Software Asset Management and Concurrent Transportation Management will be discussed.
  • Traditional levers of spend aggregation and economies of scale can hinder flexibility and be counterproductive to cost optimization.
  • Transitioning to independent project estimations, interdependency analyses, transformation governance and value realization frameworks can accomplish digital business transformation initiatives at a cost up to 40 percent lower than traditional, linear approaches.
  • The event will include sessions on sourcing strategies to drive topline growth, managing cloud costs, aligning procurement with digital business transformation, the growing need for cybersecurity, and sourcing agile services.