Cayman Islands

William (Bill) Messer and Scott Elphinstone, Owners of Five Continents Financial Limited (Five Continents) in the Cayman Islands, Have Entered into a Definitive Agreement to Sell a 51% Interest in Five Continents to RFA Capital Holdings International Ltd.

Retrieved on: 
Wednesday, April 10, 2024
Cayman Islands, Continent, Partnership, Education, Bank, Mental health, Real estate investment trust, Investment, CIMA, RFA, Financial services

FCHL owns 100% of Five Continents Financial Limited (Five Continents) and related entities, a leading wealth and investment management company in the Cayman Islands.

Key Points: 
  • FCHL owns 100% of Five Continents Financial Limited (Five Continents) and related entities, a leading wealth and investment management company in the Cayman Islands.
  • RFACHIL is owned directly by RFA Capital Holdings Inc. (RFA) and indirectly by RFA's largest shareholder, Halcyon International and Mr. Steven Joyce.
  • Five Continents is one of the largest independently owned and best in class discretionary wealth and investment managers in the Cayman Islands.
  • It is licensed by the CIMA and is one of the oldest fully regulated asset managers in the Cayman Islands.

ZOOZ Power Ltd. Ordinary Shares and Public Warrants to Trade on Nasdaq on April 5, 2024, as the Business Combination between Keyarch Acquisition Corporation and ZOOZ Power Ltd. Has Been Completed

Retrieved on: 
Thursday, April 4, 2024
EV, Growth, Cayman Islands, Tel Aviv Stock Exchange, EVS, Security (finance), Business analyst, PIPE, KYCH

NEW YORK, NY, April 04, 2024 (GLOBE NEWSWIRE) -- Keyarch Acquisition Corporation (Nasdaq: KYCH), a Cayman Islands exempted company (“Keyarch”), and ZOOZ Power Ltd. (TASE: ZOOZ), a limited liability company organized under the laws of the State of Israel (“ZOOZ” or the “Company”) and a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market, today jointly announced the consummation of their previously disclosed business combination (the “Business Combination”). The Business Combination and related proposals were approved by Keyarch shareholders in its shareholders’ meeting held on March 27, 2024 and by ZOOZ shareholders in its shareholders’ meetings held on March 21, 2024 and March 27, 2024.

Key Points: 
  • The Business Combination and related proposals were approved by Keyarch shareholders in its shareholders’ meeting held on March 27, 2024 and by ZOOZ shareholders in its shareholders’ meetings held on March 21, 2024 and March 27, 2024.
  • Following the consummation of the Business Combination, ZOOZ becomes dual-listed for trading on the Nasdaq and on the Tel-Aviv Stock Exchange.
  • ZOOZ’s ordinary shares and public warrants will begin trading on Nasdaq under the ticker symbols “ZOOZ” and “ZOOZW,” respectively, on April 5, 2024.
  • Additional information regarding the closing of the Business Combination will be included in a current report on Form 8-K to be filed by Keyarch with the Securities and Exchange Commission.

Australian Oilseeds Announces Ringing of the NASDAQ Closing Bell to Celebrate Milestone

Retrieved on: 
Monday, April 1, 2024
Friends, Nasdaq MarketSite, GMO, Cayman Islands

“I am honored to have the opportunity to ring the Nasdaq closing bell alongside my colleagues on the executive team and board of directors, the former executive team from Edoc Acquisition Corp and many of our investors, employees and family members.

Key Points: 
  • “I am honored to have the opportunity to ring the Nasdaq closing bell alongside my colleagues on the executive team and board of directors, the former executive team from Edoc Acquisition Corp and many of our investors, employees and family members.
  • The bell ringing ceremony signified a milestone for the company and a testament to the dedication and vision of our entire team.
  • We are grateful to our strategic partners and valued shareholders for their continued support over the years.
  • A special thanks to our advisers, friends and families who followed us on this journey”, said Gary Seaton, Chief Executive Officer.

CH Auto Technology Corporation Ltd. Completes Business Combination

Retrieved on: 
Sunday, March 31, 2024
Common stock, EV, Qiantu Motor, Growth, Cayman Islands, CFO, Acquisition, Sub, Business analyst, CSRC, Sister republic, Rights, MCAF, Mergers and acquisitions, Prospectus

Qun Lu, the founder and CEO of CHAFC, will continue to lead CH Auto, the parent company, as its Chairman, CEO and CFO after closing of the Business Combination.

Key Points: 
  • Qun Lu, the founder and CEO of CHAFC, will continue to lead CH Auto, the parent company, as its Chairman, CEO and CFO after closing of the Business Combination.
  • Following the Business Combination, the securities of CH Auto, including its Class A ordinary shares, will not be listed for trading on any securities exchange.
  • In the event CH Auto completes the CSRC filing procedure, CH Auto plans to list its securities on The Nasdaq Stock Market.
  • However, as previously disclosed in the Prospectus, dated September 28, 2023, CHATC, MCAF, CH Auto and Merger Sub had the option to waive such conditions, and ultimately CHATC, MCAF, CH Auto and Merger Sub did waive those conditions to consummate the Business Combination.

Black Hawk Acquisition Corporation Announces Pricing of $69,000,000 Upsized Initial Public Offering

Retrieved on: 
Wednesday, March 20, 2024
EF Hutton, Cayman Islands, Telephone, Sale, Security (finance), Prospectus, ATTN:

DANVILLE, Calif., March 20, 2024 (GLOBE NEWSWIRE) -- Black Hawk Acquisition Corporation (NASDAQ: BKHAU, the "Company"), a Cayman Islands exempted company, announced today that it priced its initial public offering of 6,900,000 units at $10.00 per unit.

Key Points: 
  • DANVILLE, Calif., March 20, 2024 (GLOBE NEWSWIRE) -- Black Hawk Acquisition Corporation (NASDAQ: BKHAU, the "Company"), a Cayman Islands exempted company, announced today that it priced its initial public offering of 6,900,000 units at $10.00 per unit.
  • The units are expected to be listed on the Nasdaq Global Market ("NASDAQ") and trade under the ticker symbol "BKHAU" beginning on March 21, 2024.
  • Each unit consists of one Class A ordinary share and one-fifth (1/5) of one right to receive one share of Class A ordinary share upon the consummation of an initial business combination.
  • A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 20, 2024.

Hashnote Elevates Collateral Efficiency for PayPal USD With Paxos

Retrieved on: 
Tuesday, March 26, 2024
Software, Banking, Networks, Accounting, Internet, Professional Services, Blockchain, Fintech, Technology, Other Professional Services, Finance, Other Technology, United States Treasury security, Commodity pool operator, Cayman Islands, CPO, Partnership, DRW, Financial services, CFTC, Paxos Trust Company, CIMA, Paxos, PayPal, Treasury, Cryptocurrency

USYC token yield is backed by investment in US Treasury Bills, repurchase (repo), and reverse repurchase (reverse-repo) agreements.

Key Points: 
  • USYC token yield is backed by investment in US Treasury Bills, repurchase (repo), and reverse repurchase (reverse-repo) agreements.
  • Earlier in 2023, Paxos expanded its product lineup to include PayPal USD (PYUSD).
  • The partnership between Hashnote and Paxos substantially raises the cap on immediate minting and redemption, ensuring sufficient liquidity for even the largest institutions.
  • The Paxos and Hashnote partnership embodies a collaboration between companies focused on cryptocurrencies within a regulatory and security framework that benefits customers globally.

Nuvation Bio to Acquire AnHeart Therapeutics in All-Stock Transaction

Retrieved on: 
Monday, March 25, 2024
Oncology, Health, Clinical Trials, General Health, Pharmaceutical, Biotechnology, NUVB, Morrison & Foerster, Partner, NMPA, Cayman Islands, Entrepreneurship, NSCLC, Patient, Conyers, Georgia, LLP, Haiwen & Partners, Acquisition, Cancer, Cooley LLP, Priority review, Fangda, Intellectual property, FDA, ROS1, Cayman, Food, Pharmaceutical industry

Nuvation Bio Inc. (NYSE: NUVB), a biopharmaceutical company tackling some of the greatest unmet needs in oncology by developing differentiated and novel therapeutic candidates, and AnHeart Therapeutics Ltd. (AnHeart), a global clinical-stage biopharmaceutical company developing novel precision therapies for people with cancer, today announced that the companies have entered into a definitive agreement for Nuvation Bio to acquire AnHeart in an all-stock transaction (the Acquisition).

Key Points: 
  • Nuvation Bio Inc. (NYSE: NUVB), a biopharmaceutical company tackling some of the greatest unmet needs in oncology by developing differentiated and novel therapeutic candidates, and AnHeart Therapeutics Ltd. (AnHeart), a global clinical-stage biopharmaceutical company developing novel precision therapies for people with cancer, today announced that the companies have entered into a definitive agreement for Nuvation Bio to acquire AnHeart in an all-stock transaction (the Acquisition).
  • Immediately following the closing of the Acquisition, the former shareholders of AnHeart will own approximately 33% and the current stockholders of Nuvation Bio will own approximately 67% of Nuvation Bio on a fully diluted basis.
  • Subject to approval by the Nuvation Bio stockholders (the Nuvation Bio Stockholder Approval), each share of Series A Non-Voting Convertible Preferred Stock issued by Nuvation Bio in the Acquisition will initially be convertible into 100 shares of Class A common stock.
  • Any shareholders of AnHeart who are not accredited investors will receive cash for their AnHeart shares in lieu of receiving Nuvation Bio securities.

BM3EAC Corp. Term Sheet with Arkon Energy

Retrieved on: 
Friday, March 22, 2024
Technology, Finance, Fintech, Other Energy, Other Technology, Professional Services, Blockchain, Energy, Cryptocurrency, Electricity, Letter, Cayman Islands, Business, Sale, Arkon, EEA, Euronext Amsterdam, Person, Security (finance)

BM3EAC Corp. (the “Company”), a shell company incorporated under the laws of the Cayman Islands as an exempted company with limited liability and listed on Euronext Amsterdam, the regulated market operated by Euronext Amsterdam N.V., announces that on 21 February 2024 it entered into a term sheet (the “Terms”) with Arkon Energy Ohio LLC (now Arkon Energy US Holdco LLC) (“Arkon”) relating to a potential transaction, including a business combination, with Arkon or an entity to be formed by it or its members for such purpose (the “Potential Business Combination”).

Key Points: 
  • BM3EAC Corp. (the “Company”), a shell company incorporated under the laws of the Cayman Islands as an exempted company with limited liability and listed on Euronext Amsterdam, the regulated market operated by Euronext Amsterdam N.V., announces that on 21 February 2024 it entered into a term sheet (the “Terms”) with Arkon Energy Ohio LLC (now Arkon Energy US Holdco LLC) (“Arkon”) relating to a potential transaction, including a business combination, with Arkon or an entity to be formed by it or its members for such purpose (the “Potential Business Combination”).
  • Arkon currently has 117 megawatts (“MW”) of approved operating capacity across two data centers, including a 95MW flagship facility in Hannibal, Ohio, and a 22MW facility in Hopedale, Ohio.
  • Arkon has signed a letter of intent to acquire an additional 100MW of further pipeline capacity within these same sites.
  • Securities may not be offered, sold or otherwise transferred within the United States absent registration under the Securities Act or an exemption therefrom.

Soteria Inspect for Microsoft 365 Now Available in the Microsoft Azure Marketplace

Retrieved on: 
Tuesday, March 26, 2024
Software, Technology, Security, Microsoft, Organization, Software as a service, Cayman Islands, Entra, Risk, Tenant, MDR, API, Partner, LATAM, Online shopping

Soteria, a leading cybersecurity services company, today announced the availability of its Software-as-a-Service (SaaS) solution, Inspect for Microsoft 365, in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure.

Key Points: 
  • Soteria, a leading cybersecurity services company, today announced the availability of its Software-as-a-Service (SaaS) solution, Inspect for Microsoft 365, in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure.
  • “Soteria Inspect provides an easy path for customers to assess the configuration of their Microsoft 365 tenant and provides a clear target for configuration improvements to reduce risk and increase their security posture,” said Doug Hislop, Product Lead of Inspect for Microsoft 365.
  • Inspect for Microsoft 365 offers customers visibility and security recommendations by inspecting the resources and configuration settings in their Microsoft 365 tenants.
  • “Microsoft welcomes Soteria Inspect for Microsoft 365 to Azure Marketplace, where global customers can find, try, and buy from among thousands of partner solutions,” said Jake Zborowski, General Manager, Microsoft Azure Platform at Microsoft Corp. “Azure Marketplace and trusted partners like Soteria help customers do more with less by increasing efficiency, buying confidently, and spending smarter.”
    The Azure Marketplace is an online market for buying and selling cloud solutions certified to run on Azure.

Butterfield Appoints General Counsel Following Retirement

Retrieved on: 
Friday, March 15, 2024
Banking, Asset Management, Professional Services, Finance, American Express, NTB, Cayman Islands, General counsel, Private practice, Merrill (company), Bank, University, BSX, University College London, LLM, Senior, Multimedia, Slaughter

Butterfield & Son Limited ("Butterfield" or the "Bank") (BSX: NTB.BH; NYSE: NTB) today announced the appointment of Simon Des-Etages to General Counsel and Group Chief Legal Officer effective March 18, 2024.

Key Points: 
  • Butterfield & Son Limited ("Butterfield" or the "Bank") (BSX: NTB.BH; NYSE: NTB) today announced the appointment of Simon Des-Etages to General Counsel and Group Chief Legal Officer effective March 18, 2024.
  • Mr. Des-Etages succeeds Shaun Morris, who has served in the role for the last twelve years and made the decision to retire.
  • Mr Des-Etages then moved to Merrill Lynch, where he spent eight years working as a senior counsel in the Global Private Client Group.
  • He holds a Master of Laws (LLM) from University College London and a Bachelor of Laws from the University of Essex, UK.