Cayman Islands

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

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

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.

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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.

SmokeSlam, 'The World's Ultimate BBQ Showdown,' Announces 59 Teams Confirmed to Compete

Retrieved on:

Wednesday, March 13, 2024

Smoke, Cooking, BBQ, Boot, WJBL, Burn, Cayman Islands, Partnership, Tom Lee Park, Knowledge, Strategic planning, News, Food, Life, Autumn, Retirement, Rib, MBN

MEMPHIS, Tenn., March 13, 2024 /PRNewswire/ -- Today, Mempho Presents announced the first annual 'SmokeSlam' BBQ festival has finalized its capacity list of 59 participating teams for the three-day event that will take place from May 16-18, 2024 at Tom Lee Park. Additionally, World Jr. BBQ League (WJBL), the philanthropic organization founded by seven-time World BBQ Champion, Melissa Cookston will host a youth BBQ competition, awarding $25,000 in prizes at the festival.

Key Points:

Additionally, World Jr. BBQ League (WJBL) , the philanthropic organization founded by seven-time World BBQ Champion, Melissa Cookston will host a youth BBQ competition, awarding $25,000 in prizes at the festival.
Of the 59 teams selected, 32 will be competing in all three categories: Whole Hog, Ribs, and Pulled Pork.
There are a total of 33 teams competing in whole hog, 46 in pulled pork and 56 in ribs.
Each year, participants who competed at a WJBL competition, either nationally or internationally, may compete at the World Championship in the Fall.

COFFEE HOLDING CO., INC. ANNOUNCES SPECIAL MEETING OF STOCKHOLDERS TO VOTE ON PROPOSED BUSINESS COMBINATION WITH DELTA CORP HOLDINGS LIMITED; FORM F-4 DECLARED EFFECTIVE

Retrieved on:

Thursday, March 7, 2024

Cayman Islands, Prospectus, Delta, Form F-4, Form, Eastern Time Zone, Security (finance)

As previously announced, the proposed business combination provides that Coffee Holding and Delta will each become wholly owned subsidiaries of a newly created holding company incorporated under the laws of the Cayman Islands (“Pubco”).

Key Points:

As previously announced, the proposed business combination provides that Coffee Holding and Delta will each become wholly owned subsidiaries of a newly created holding company incorporated under the laws of the Cayman Islands (“Pubco”).
Coffee Holding’s board of directors unanimously recommends that Coffee Holding stockholders vote “FOR” all of the proposals to be voted upon at the special meeting, including approval of the proposed business combination and definitive agreement.
Coffee Holding stockholders of record at the close of business on February 20, 2024 will be entitled to vote at the special meeting.
Coffee Holding will commence mailing the definitive proxy statement/prospectus and related materials to its stockholders of record on or about March 7, 2024.

Gracell Biotechnologies Acquisition Completed

Retrieved on:

Thursday, February 22, 2024

The acquisition was structured as a merger of Merger Sub with and into the Company with the Company surviving the merger as a wholly owned subsidiary of Parent (the “Merger”).

Key Points:

The acquisition was structured as a merger of Merger Sub with and into the Company with the Company surviving the merger as a wholly owned subsidiary of Parent (the “Merger”).
As a result of the Merger, the Company ceased to be a publicly traded company and became a wholly owned subsidiary of Parent.
Such letters of transmittal must be completed before such holders can receive the applicable merger consideration.
Certificated ADS holders should wait to receive the letters of transmittal before surrendering their ADSs.

Genetron Health Announces Shareholders’ Approval of Merger Agreement

Retrieved on:

Wednesday, February 21, 2024

Cayman Islands, Registrar, Proxy, Companies Act, Mergers and acquisitions, GTH, EGM, Sub, Security (finance)

Of the ordinary shares voted at the EGM, approximately 99.9% voted in favor of the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby, including the Merger.

Key Points:

Of the ordinary shares voted at the EGM, approximately 99.9% voted in favor of the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby, including the Merger.
The Merger Agreement, the Plan of Merger and the transactions contemplated thereby, including the Merger, were therefore duly authorized and approved by way of special resolutions as required by, and in compliance with, the Companies Act of the Cayman Islands.
Completion of the Merger is subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement.
The Company will work with the other parties to the Merger Agreement towards satisfying all other conditions precedent to the Merger set forth in the Merger Agreement and completing the Merger as quickly as possible.