Fintech

FinWise Bancorp Announces Share Repurchase Program

Retrieved on: 
Thursday, March 7, 2024

MURRAY, Utah, March 07, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced that its Board of Directors has authorized a common stock repurchase program to purchase up to 641,832 shares, or approximately 5% of issued and outstanding shares, as of March 6, 2024.

Key Points: 
  • MURRAY, Utah, March 07, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced that its Board of Directors has authorized a common stock repurchase program to purchase up to 641,832 shares, or approximately 5% of issued and outstanding shares, as of March 6, 2024.
  • “As the Company remains well capitalized and continues to generate solid profitability, we are pleased that the Board of Directors has approved a new Share Repurchase Program,” said Kent Landvatter, Chief Executive Officer of FinWise.
  • The repurchase program does not obligate the Company to purchase any particular number of shares.
  • The Company expects to fund repurchases under the program with its available cash balances.

Beanfield welcomes new SVP, Commercial Services, Chris Adamkowski

Retrieved on: 
Thursday, March 7, 2024

Chris Adamkowski comes to Beanfield with a wealth of scaling experience, including more than a decade in senior leadership roles at Google and Google Cloud.

Key Points: 
  • Chris Adamkowski comes to Beanfield with a wealth of scaling experience, including more than a decade in senior leadership roles at Google and Google Cloud.
  • With an MBA from Queen's University, Mr. Adamkowski is passionate about entrepreneurship, DEI, and helping Canadian businesses grow.
  • Dan Armstrong, CEO and Founder of Beanfield, said, “We are thrilled to have Chris join the Beanfield team.
  • “I am thrilled to be joining Beanfield and contributing to the mission of connecting communities through Canada's largest privately owned fibre-optic network.

SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Future FinTech

Retrieved on: 
Thursday, March 7, 2024

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia.

Key Points: 
  • Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia.
  • The SEC also charged Huang with failing to disclose his beneficial ownership of Future FinTech stock as well as transactions in such stock."
  • On this news, the price of Future FinTech stock declined over 20% in after-hours trading.
  • Faruqi & Faruqi, LLP also encourages anyone with information regarding Future FinTech’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

FTFT DEADLINE ALERT: ROSEN, THE FIRST FILING FIRM, Encourages Future FinTech Group Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – FTFT

Retrieved on: 
Thursday, March 7, 2024

WHAT TO DO NEXT: To join the Future FinTech class action, go to https://rosenlegal.com/submit-form/?case_id=21786 or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the Future FinTech class action, go to https://rosenlegal.com/submit-form/?case_id=21786 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

FTFT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Future FinTech Group Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Retrieved on: 
Thursday, March 7, 2024

NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Future FinTech Group Inc. (“Future FinTech” or “the Company”) (NASDAQ: FTFT) and certain of its officers.

Key Points: 
  • NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Future FinTech Group Inc. (“Future FinTech” or “the Company”) (NASDAQ: FTFT) and certain of its officers.
  • or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660.
  • If you suffered a loss in Future FinTech you have until March 18, 2024, to request that the Court appoint you as lead plaintiff.
  • Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits.

Beneficient Enters into New Liquidity Transaction with ff Venture Capital

Retrieved on: 
Wednesday, March 6, 2024

DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Beneficient (Nasdaq: BENF) (together with its affiliates, “Ben” or the “Company”), a technology-enabled platform focused on providing liquidity and related trust and custody services to holders of alternative assets, today announced that it has agreed to the financing of liquidity transactions for three separate funds managed by ff Venture Capital, a leading venture capital firm. Limited partners in each of the participating funds have the option to participate and, in exchange for their respective interests in the fund’s alternative assets, receive, in the aggregate, up to approximately $62 million in stated value of shares of the Company’s Resettable Convertible Preferred Stock (the “Preferred Stock”), which is convertible at the election of the holder into shares of the Company’s Class A common stock and potential earnout payments over a period of up to ten (10) years. The earnout payments represent the amount of cash available for distribution from the acquired alternative assets in excess of a designated return to the Company.

Key Points: 
  • The earnout payments represent the amount of cash available for distribution from the acquired alternative assets in excess of a designated return to the Company.
  • Following closing, ff Venture Capital LLC will continue to manage the alternative assets acquired by the newly created special purpose continuation vehicles.
  • “Ben strives to provide flexible, customized liquidity and capital solutions for general partners managing alternative assets, facing challenges in raising capital, or solving for early exit demands from their limited partners,” said Brad Heppner, Chief Executive Officer and founder of Beneficient.
  • “This transaction with ff Venture Capital and its limited partners illustrates not only how we can provide a new means of liquidity for valuable alternative assets, but also how Ben’s GP Solutions can enable general partners to retain a portion of the upside of the in the alternative assets and underlying investments for their limited partners.

Carputty Secures $80M In New Funds to Accelerate Growth

Retrieved on: 
Wednesday, March 6, 2024

ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- Carputty (“Carputty” or the “Company”), a leading fintech company revolutionizing auto financing and ownership, is thrilled to announce the successful closure of a $75 million warehouse facility with Silicon Valley Bank (SVB), a division of First Citizens Bank. This significant investment is further bolstered by new equity contributions led by TTV Capital and supported by Fontinalis Partners, Kickstart Fund, Kinetic Ventures, and Grand Ventures. With the investment and warehouse facility combined, Carputty's newest financial backing exceeds $80 million. Other noteworthy key investors include Porsche Ventures and University Growth Fund, who, alongside the current participants have seen Carputty raise more than $100 million in total funding, marking a substantial milestone for the company.

Key Points: 
  • Brian Foley, Market Manager at SVB, collaborated closely with Carputty to structure and launch this transformative warehouse facility.
  • “SVB continues to support fintech companies in significant growth stages, and Carputty exemplifies the innovation and impact we seek in our partners,” said Foley.
  • The new warehouse facility, structured under a two-year term compared to the previous six-month term, serves as a robust growth facilitator for Carputty.
  • Patrick Bayliss, Co-Founder and CEO of Carputty, hailed the momentous occasion as a testament to the company's evolution.

DEADLINE ALERT for MBLY, FTFT, BIVI, and BTI: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

Retrieved on: 
Wednesday, March 6, 2024

LOS ANGELES, March 06, 2024 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.

Key Points: 
  • LOS ANGELES, March 06, 2024 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.
  • Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected] .
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • The Law Offices of Frank R. Cruz, Los Angeles

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Future FinTech Group Inc. (FTFT)

Retrieved on: 
Tuesday, March 5, 2024

LOS ANGELES, March 05, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming March 18, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Future FinTech Group Inc. (“Future FinTech” or the “Company”) (NASDAQ: FTFT ) securities between March 10, 2020 through January 11, 2024, inclusive (the “Class Period”).

Key Points: 
  • LOS ANGELES, March 05, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming March 18, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Future FinTech Group Inc. (“Future FinTech” or the “Company”) (NASDAQ: FTFT ) securities between March 10, 2020 through January 11, 2024, inclusive (the “Class Period”).
  • You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
  • If you purchased or otherwise acquired Future FinTech securities during the Class Period, you may move the Court no later than March 18, 2024 to request appointment as lead plaintiff in this putative class action lawsuit.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

SEALSQ Unveils Crypto Wallet Security Enhancement to Combat Quantum Computing Threats, Critical to the Security of any Bitcoin Wallet Containing 128 Bits of Entropy

Retrieved on: 
Tuesday, March 5, 2024

This cutting-edge feature enhances the protection of the 12-word seed phrase, which is critical to the security of any Bitcoin wallet containing 128 bits of entropy.

Key Points: 
  • This cutting-edge feature enhances the protection of the 12-word seed phrase, which is critical to the security of any Bitcoin wallet containing 128 bits of entropy.
  • Recognizing this potential threat, SEALSQ emphasizes the importance of advancing our understanding and implementation of wallet signature security.
  • This involves engaging in both theoretical research and practical application through the use of browser wallet security extensions.
  • In the rapidly evolving landscape of quantum computing, SEALSQ is at the forefront of innovation with its introduction of post-quantum semiconductors.