Cayman Islands

Tenet Bank Launches from the Cayman Islands to Serve the Global Technology Economy

Retrieved on: 
Monday, October 23, 2023
Banking, Professional Services, Financial management, Cayman Islands, Internet, Cayman Islands Monetary Authority, Tenet, Bank, Research, API, Cryptocurrency

Tenet Bank Ltd. (“Tenet”), a global bank engineered for the modern innovation economy, is excited to announce its soft launch today.

Key Points: 
  • Tenet Bank Ltd. (“Tenet”), a global bank engineered for the modern innovation economy, is excited to announce its soft launch today.
  • Licensed by the Cayman Islands Monetary Authority, Tenet will adhere to the Cayman Islands’ robust banking regulations that have established it as a highly regarded international financial centre.
  • Tenet features proprietary state-of-the-art software, technology sector expertise, white glove service, and a premier banking location to help clients efficiently manage and move capital across the world.
  • Following several years of rigorous product development, co-founders Brian Tang and Brandon Caruana are pleased to bring Tenet’s offering to the global technology ecosystem.

Canada to welcome Caribbean leaders to Ottawa to strengthen ties

Retrieved on: 
Wednesday, October 4, 2023
United Nations Sustainable Development Group, SDG, Travel, Saint Kitts and Nevis, Democracy, Partnership, British Virgin Islands, Virgin Islands, Antigua and Barbuda, Turks and Caicos Islands, Saint Vincent, 1985–86 Full Members' Cup, Sustainable Development Goals, CARICOM, Cayman Islands, Student, Treaty, Trinidad and Tobago, Climate change, FIN Atlantic Film Festival, Member, Communes of Burundi, Chaguaramas, Island, Summit, Advocate, Conference, Treaty of Chaguaramas, Full, Tourism

OTTAWA, ON, Oct. 4, 2023 /CNW/ - The Prime Minister, Justin Trudeau, today announced that he will welcome leaders from the Caribbean Community (CARICOM) to Ottawa for the first Canada-CARICOM Summit on Canadian soil.

Key Points: 
  • OTTAWA, ON, Oct. 4, 2023 /CNW/ - The Prime Minister, Justin Trudeau, today announced that he will welcome leaders from the Caribbean Community (CARICOM) to Ottawa for the first Canada-CARICOM Summit on Canadian soil.
  • The leaders will also work to fight climate change and address its impacts in the Caribbean, including by exploring ways to improve access to financing for Small Island Developing States in the Caribbean.
  • Finally, the leaders will engage with Canadian business leaders and investors to further commercial opportunities in the region.
  • "I look forward to welcoming leaders from the Caribbean Community to Ottawa this month.

Nvni Group Limited and Mercato Partners Acquisition Corporation Announce Completion of Business Combination and Listing on Nasdaq

Retrieved on: 
Friday, September 29, 2023
Finance, Data Management, Professional Services, Technology, Software, LLP, Software as a service, Cayman, Latham & Watkins, Business analyst, Cayman Islands, Acquisition, Distell Group Limited, Mayer Brown, Financial adviser, Mercato

Nvni Group Limited (“New Nuvini”), the leading serial acquirer of SaaS B2B companies in Brazil, today announced the successful completion of its business combination (the “Business Combination”) with Mercato Partners Acquisition Corporation, a special purpose acquisition company (“Mercato”) and Nuvini Holdings Limited (“Nuvini,” and together with all its subsidiaries, which includes Nuvini S.A., the “Nuvini Group” ).

Key Points: 
  • Nvni Group Limited (“New Nuvini”), the leading serial acquirer of SaaS B2B companies in Brazil, today announced the successful completion of its business combination (the “Business Combination”) with Mercato Partners Acquisition Corporation, a special purpose acquisition company (“Mercato”) and Nuvini Holdings Limited (“Nuvini,” and together with all its subsidiaries, which includes Nuvini S.A., the “Nuvini Group” ).
  • “The completion of our business combination with Mercato is an important step that will be fundamental to accelerating Nuvini's growth through future acquisitions.
  • The potential capital generated through listing on Nasdaq will be instrumental to fueling our new acquisition endeavors,” states Pierre Schurmann, CEO of Nuvini.
  • Maxim Group LLC served as exclusive financial advisor to Mercato in connection with the Business Combination.

Metrics Ventures Launches $30 Million Data and Fundamental-Driven Digital Asset Secondary Liquid Fund

Retrieved on: 
Thursday, September 28, 2023
Cayman Islands Monetary Authority, Marketing, Learning, Cayman Islands, Philosophy, Trust, Data analysis, Research, Ruby, Metric, CIMA, Cryptocurrency

George town, Cayman Islands--(Newsfile Corp. - September 28, 2023) - Metrics Ventures is pleased to introduce its data and fundamental-driven digital asset secondary liquid compliance fund.

Key Points: 
  • George town, Cayman Islands--(Newsfile Corp. - September 28, 2023) - Metrics Ventures is pleased to introduce its data and fundamental-driven digital asset secondary liquid compliance fund.
  • Demonstrating its unwavering commitment to value and long-term investment principles, Metrics Ventures remains steadfast in its dedication to fundamental analysis.
  • As a testament to its commitment to excellence, Metrics Ventures has obtained a mutual fund license in the Cayman Islands, a jurisdiction renowned for its robust regulatory framework.
  • Metrics Ventures is recognized for its ability to provide a wide range of resources to the projects it invests in.

BM3EAC Corp. 2023 Semi-Annual Report

Retrieved on: 
Thursday, September 28, 2023
Professional Services, Finance, EEA, European Union (Withdrawal) Act 2018, Person, Sale, Cayman Islands, Acquisition, Euronext Amsterdam, United Kingdom, Annual report, EU

BM3EAC Corp. (the “Company”), a special purpose acquisition 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., today published its semi-annual report for the period 1 January 2023 to 30 June 2023.

Key Points: 
  • BM3EAC Corp. (the “Company”), a special purpose acquisition 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., today published its semi-annual report for the period 1 January 2023 to 30 June 2023.
  • The semi-annual report can be downloaded from the Company’s website via the following link: https://www.BrigadeM3EAC.com/documents
    This press release contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
  • This announcement does not contain or constitute an offer of securities for sale or an invitation or offer to the public for securities in any jurisdiction.
  • In the EEA, this announcement is only directed at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation (EU 2017/1129) as amended.

Delta Corp Holdings Limited Advances Merger and Share Exchange with Coffee Holding Co., Inc. with Filing of Registration Statement

Retrieved on: 
Thursday, September 28, 2023
File, Delta, Electric Bond and Share Company v. Securities and Exchange Commission, Cayman Islands, Form, Coffee, Security (finance), Holding company, Pub chain

NEW YORK and LONDON, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (NASDAQ: JVA) (“Coffee Holding”), a publicly traded integrated wholesale coffee roaster and dealer located in the United States, and Delta Corp Holdings Limited (“Delta”), a privately held holding company engaged in logistics, fuel supply and asset management related services, primarily servicing the international supply chains of commodity, energy and capital goods producers, jointly announced the filing with the U.S. Securities and Exchange Commission (“SEC”) of a registration statement on Form F-4 by Delta Corp Holdings Limited, a newly created holding company incorporated under the laws of the Cayman Islands (“Pubco”).

Key Points: 
  • NEW YORK and LONDON, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (NASDAQ: JVA) (“Coffee Holding”), a publicly traded integrated wholesale coffee roaster and dealer located in the United States, and Delta Corp Holdings Limited (“Delta”), a privately held holding company engaged in logistics, fuel supply and asset management related services, primarily servicing the international supply chains of commodity, energy and capital goods producers, jointly announced the filing with the U.S. Securities and Exchange Commission (“SEC”) of a registration statement on Form F-4 by Delta Corp Holdings Limited, a newly created holding company incorporated under the laws of the Cayman Islands (“Pubco”).
  • The registrant Pubco is also referred to as Delta Corp Holdings Limited or Delta Corp Holdings Ltd.
    As previously announced, on September 30, 2022, Coffee Holding entered into a merger and share exchange agreement (the “definitive agreement”), dated September 29, 2022, with Delta, whereby Coffee Holding and Delta will each become wholly owned subsidiaries of Pubco.
  • The closing of the transactions contemplated by the definitive agreement is subject to certain conditions, including, without limitation, the approval of the stockholders of Coffee Holding and the approval of the listing of the ordinary shares of Pubco on the Nasdaq Stock Market.
  • Delta shareholders will become the majority shareholders of Pubco following these transactions.

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Retrieved on: 
Friday, September 22, 2023
Purchasing, Partnership, The Purchase Price, OCM, Policy, Share repurchase, NAV, Sale, Cayman Islands, Transport, LP, Oak Tree, Security (finance), Holding company, Sales

ATHENS, Greece, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today that it entered into a Repurchase Agreement (the “Repurchase Agreement”) with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands (the “Seller”), pursuant to which the Company agreed to purchase 10 million of its common shares (“Purchased Shares”) from the Seller at a price per common share of $18.50 (such price, the “Purchase Price” and, such transaction, the “Share Repurchase”).

Key Points: 
  • ATHENS, Greece, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today that it entered into a Repurchase Agreement (the “Repurchase Agreement”) with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands (the “Seller”), pursuant to which the Company agreed to purchase 10 million of its common shares (“Purchased Shares”) from the Seller at a price per common share of $18.50 (such price, the “Purchase Price” and, such transaction, the “Share Repurchase”).
  • The Share Repurchase was approved unanimously by all the disinterested members of the Company’s Board of Directors.
  • The Closing is expected to occur on October 9, 2023 and thenafter the 10 million shares will be withdrawn and cancelled.
  • The Company remains committed to its current dividend policy.

Hyatt Strengthens Luxury and Lifestyle Growth With Strategic Expansion Across the Americas Region

Retrieved on: 
Monday, September 18, 2023
Architecture, Commercial Building & Real Estate, Other Travel, Construction & Property, Lodging, Destinations, Travel, Vacation, Tideline Ocean Resort & Spa, Confidant, Sol, Acquisition, Collection, Caption, Dream, NYSE, Heart, G.I. Joe: Timeless Collection, Turks and Caicos Islands, Restaurant, Disney's Beach Club Resort, Coffee, Growth, Pickleball, Cabo, Multimedia, Frank, Mr. & Mrs. Smith, Ecology, All-time New York Red Bulls goalscorers, Miami Beach Convention Center, Yoga, Food, Vikram Chatwal, New World Center, Sea, Secrecy, Cayman Islands, Hotel, Tourism

Hyatt is the fastest growing luxury portfolio, with luxury, lifestyle, and resort hotels now making up over 40% of Hyatt's portfolio, reinforcing its position as the premier hotel brand for high-end travelers.

Key Points: 
  • Hyatt is the fastest growing luxury portfolio, with luxury, lifestyle, and resort hotels now making up over 40% of Hyatt's portfolio, reinforcing its position as the premier hotel brand for high-end travelers.
  • “The thoughtful growth of Hyatt’s luxury and lifestyle brands reflect the current demand for authentic leisure travel experiences,” said Crystal Vinisse Thomas, vice president and global brand leader for Hyatt’s luxury and lifestyle brands.
  • Cas en Bas Beach Resort (2024) will be the first Destination by Hyatt branded resort and residences on Saint Lucia.
  • In 2023, several notable luxury and lifestyle Hyatt hotels and resorts opened in the Americas region, including:

Gravitas Education Holdings Inc. Announces Special Cash Dividend in the Range of US$11.256 to US$12.17 per American Depositary Share and Reports Status of Merger

Retrieved on: 
Thursday, September 21, 2023
Online, Date, Tripura Merger Agreement, ADS, NetDragon Websoft, Cayman Islands, HKEX, The Company, CFIUS, Annex, Completion, NYSE, Holding company, Closing, PRC, Mergers and acquisitions

The aggregate amount of cash dividends to be paid ranges from US$16 million to US$17.3 million, which will be funded by cash on the Company's balance sheet.

Key Points: 
  • The aggregate amount of cash dividends to be paid ranges from US$16 million to US$17.3 million, which will be funded by cash on the Company's balance sheet.
  • The payment of the special dividend is conditional upon the Closing (as defined below), and the exact amount of such special dividend is to be determined and separately announced.
  • ADSs will trade with an entitlement to the cash dividend until the ex-dividend date is established by the New York Stock Exchange ("NYSE").
  • The said press release will be issued at least 10 days prior to the Record Date in compliance with applicable listing rules.

MINISO Announces US$200 Million Share Repurchase Program

Retrieved on: 
Friday, September 15, 2023
Private law, Shareholder, Share repurchase, United Kingdom company law, Policy, Shanghai Stock Exchange, Stock exchange, Listing Rules, International Association of Skateboard Companies, Cayman Islands, MNSO, Mergers and acquisitions, Takeover, Knowledge, NYSE, Car rental, Security (finance), Share (finance)

GUANGZHOU, China, Sept. 15, 2023 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that, following the expiration of the share repurchase program the Company adopted in September 2022, the board of directors of the Company (the "Board") authorized and approved a new share repurchase program on September 15, 2023 (the "2023 Share Repurchase Program"), under which the Company may repurchase up to US$200 million in value of its outstanding ordinary shares and/or American depositary shares representing its ordinary shares (collectively, the "Shares") over a period of 12 months starting from the date on which the 2023 Share Repurchase Program was approved.

Key Points: 
  • GUANGZHOU, China, Sept. 15, 2023 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that, following the expiration of the share repurchase program the Company adopted in September 2022, the board of directors of the Company (the "Board") authorized and approved a new share repurchase program on September 15, 2023 (the "2023 Share Repurchase Program"), under which the Company may repurchase up to US$200 million in value of its outstanding ordinary shares and/or American depositary shares representing its ordinary shares (collectively, the "Shares") over a period of 12 months starting from the date on which the 2023 Share Repurchase Program was approved.
  • The Company expects to fund repurchases under the 2023 Share Repurchase Program from surplus cash on its balance sheet.
  • The Board believes that the current financial resources of the Company would enable it to implement the share repurchase without causing any material impact on its working capital.
  • The Board will review the 2023 Share Repurchase Program periodically, and may authorize adjustment of its terms and size.