Market
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Assured Guaranty to merge its AGM, AG into single insurance company (NYSE:AGO)
PashaIgnatov/iStock via Getty Images Assured Guaranty (NYSE:AGO) said Monday its Assured Guaranty Municipal Corp. (“AGM) business will merge into Assured Guaranty Inc., effectively creating a single insurance company. The merger, the effective date of which is expected to Aug. 1, 2024, “will result in more efficient utilization of the combined capital of the two companies, and it will simplify the…
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Artivion amends agreements with Endospan (NYSE:AORT)
Artivion (NYSE:AORT) on Monday said it has amended its credit facility and option purchase agreements with Endospan. Through the agreement, Artivion will provide Endospan with $25M of additional debt funding to obtain FDA approval for NEXUS. The amendment to the agreement also includes an upfront payment associated with the purchase option to be reduced from $250M to $175M, resulting in…
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TriNet declares $0.25 dividend
TriNet declares $0.25 dividend Source link
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Earlyworks regains compliance with Nasdaq’s listing rule (NASDAQ:ELWS)
Earlyworks (NASDAQ:ELWS) has regained compliance with Nasdaq’s minimum bid price requirement for continued listing on the exchange. The notification letter confirmed that the company’s ADSs on Nasdaq had traded above $1.00 per ADS for 20 consecutive business days from May 16, 2024, to June 14, 2024. Press release. Source link
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Total Site Solutions appoints CFO (OTCQB:TSSI)
Md Majhrarul Alam IT company Total Site Solutions (OTCQB:TSSI) said on Monday that Daniel Chism has been appointed CFO, effective June 7. Chism will work closely with CEO Darryll Dewan. Chism has previously served as CFO of Goodwill Industries of Central Texas. Source: Press Release Source link
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United Fire closes $70M senior unsecured notes offering (NASDAQ:UFCS)
Property and casualty insurer United Fire Group (NASDAQ:UFCS) said on Monday that it has closed a private placement of $70M debt offering. The senior unsecured 9.0% notes are due May 31, 2039. The proceeds will be used to support anticipated growth and for general corporate purposes. Source: Press Release Source link
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Canadian North Resources GAAP EPS of -$0.01
Canadian North Resources GAAP EPS of -$0.01 Source link
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Live Nation stock drops on reports Justice Dept. may file antitrust lawsuit next month
JHVEPhoto/iStock Editorial via Getty Images Live Nation (NYSE:LYV) fell 8.5% in after hours trading amid reports that the Justice Department is preparing to file an antitrust lawsuit against the concert promoter as soon as next month. The regulator is expected to allege that Live Nation (LYV) used its dominance in a matter that undermined competition for ticketing live events, according…
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Delays to Guyana gas-to-power project could cut weeks off oil production (NYSE:XOM)
NiseriN/iStock via Getty Images Guyana’s attempts to use its natural gas resources to fuel a power plant that would cut the country’s energy costs are being held up by construction delays and cost overruns while threatening to curtail oil revenues by ~$1B, Reuters reported Monday. The first phase of a 300 MW power plant reportedly is running six months behind…
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EV startup Canoo raises going concern doubts as it runs low on cash (NASDAQ:GOEV)
Henrik5000/E+ via Getty Images Electric vehicle startup Canoo (NASDAQ:GOEV) warned on Monday about its ability to continue as a going concern, highlighting its dwindling cash reserves amidst a slump in the EV market. Shares of the Torrance, California-based company slumped 26% in extended trading. The EV maker said that it would be required to terminate or curtail its operations if…
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