investment solutions - FinTecBuzz

Redwood Trust Prices $85.0 Million Senior Notes Offering

June 14, 20246 min

Redwood Trust, Inc. announced the pricing of an underwritten public offering of $85,000,000 aggregate principal amount of its 9.00% senior notes due 2029. In connection with the offering, Redwood granted the underwriters a 30-day option to purchase up to an additional $12,750,000 aggregate principal amount of Notes, to cover over-allotments. The offering is expected to close on June 18, 2024, subject to the satisfaction of certain closing conditions. Redwood intends to apply to list the...

by GlobeNewswire

Investments

FAT investors can join FAT Brands fraud lawsuit with Schall Law

June 13, 20243 min

The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against FAT Brands Inc. for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between March 24, 2022 and May 10, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before August 6, 2024. If...

by PRNewswire

Investments

Fosun’s Fintech Arm Projects 10-Fold Asset Growth

June 12, 20248 min

Finloop Finance Technology Holding Limited, a leading digital intelligent wealth management platform independently incubated by Fosun Wealth International Holdings Limited, a subsidiary of Fosun International (00656.HK), announced that it has entered into strategic cooperation agreements with multiple leading fintech companies, including China Asset Management (Hong Kong), Taikang Asset Management (Hong Kong), Ping An of China Asset Management (Hong Kong), Bosera Asset Management (International), E Fund Management (Hong Kong), Zhong Ou Asset Management International, Hundsun Ayers Technologies, Hithink...

by PRNewswire

Investments

Pyte Secures $5M to Enhance Data Privacy for Enterprises

June 12, 20246 min

The latest funding will accelerate the commercialization of Pyte's secure computation platform for data utilization and collaboration

by GlobeNewswire

Investments

6,100+ Union Members Prepare for Skills Training

June 11, 20246 min

More than 6,100 members from five national and international trade unions will travel to Ann Arbor this summer to advance their skills and knowledge. Nearly 5,000 will train at Washtenaw Community College (WCC). Plumber and pipefitter; ironworker; roofer; plasterer and cement mason; and electrical worker union members will train with their respective trade organizations each for a week beginning today through August. The “teach the teacher” partnerships bring union members from throughout the United States...

by PRNewswire

Investments

Alchemy Pay Announces USDt Support on TON Network

June 10, 20244 min

Alchemy Pay has seamlessly integrated the newly-launched USDt on TON stablecoin by Tether onto its payment ramp, expanding accessibility and enhancing the user experience for those looking to engage with USDt on TON through fiat transactions, reaching out to the vast network of Telegram’s 900 million users. TON is a global, decentralized blockchain community building the Web3 ecosystem in Telegram. Its inception was driven by the vision to empower the vast user base of Telegram with the genuine Web3 principles. TON...

by BusinessWire

Investments

PowerSchool to be Acquired by Bain Capital in $5.6 Billion Transaction

June 7, 20246 min

PowerSchool Holdings, Inc., a leading provider of cloud-based software for K-12 education, announced that it has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the Company at $5.6 billion. Under the terms of the agreement, PowerSchool stockholders will receive $22.80 per share in cash upon completion of the proposed transaction. The per share purchase price represents a premium of 37 percent over PowerSchool’s unaffected share price of $16.64...

by BusinessWire

Investments

Allego Appoints Steven Salo as Chief Financial Officer

June 7, 20244 min

Seasoned financial executive to bring decades of experience in the industrial sectors to a leading provider of electric vehicle charging solutions

by PRNewswire

Investments

Bybit’s BTC Fund Pool Revolutionizes Wealth Management

June 6, 20243 min

Bybit, one of the world’s top three crypto exchanges by volume, is excited to announce the addition of Bitcoin (BTC) to its Wealth Management Fund Pool alongside USDT, becoming the first major crypto exchange to offer BTC wealth growth options to its users. 100 BTC Sold Out in 7 Hours A total of 100 BTC was allocated at the soft launch on June 3, which was sold out within 7 hours. This overwhelming response from users underscores the demand for innovative wealth management solutions...

by PRNewswire

Investments

Tether Invests $18.75M in XREX to Boost Financial Inclusion

June 5, 20245 min

Tether, the largest company in the digital asset industry, has announced a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation in the digital asset industry, facilitate USDT-based cross-border payments in emerging markets, and innovate regulatory technology. With Tether’s funding, XREX will facilitate compliant, USDT-based cross-border B2B payments in emerging markets, revolutionizing financial transactions by offering businesses greater ease, efficiency, and potentially lower costs. Additionally, XREX will work with the Unitas...

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