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Capital Raise

All articles tagged with #capital raise

FA Live Raises $45M to Globalize Magic Mike Live
entertainment1 month ago

FA Live Raises $45M to Globalize Magic Mike Live

FA Live, the experiential entertainment company co-founded by Channing Tatum, has raised $45 million in debt and equity to accelerate the global expansion of Magic Mike Live, with investments from Alignment Growth and East West Bank; the London and Las Vegas productions are already staged, with New York and Australia next, plus a multi-year Asia/Europe tour and a Lionsgate–inspired Step Up live show set for 2027. Tatum has personally invested in the round to expand IP and develop new formats worldwide.

via Variety|
#capital-raise#channing-tatum#entertainment
Joby Aviation slides on plan to raise $1B with convertibles and stock offering
business3 months ago

Joby Aviation slides on plan to raise $1B with convertibles and stock offering

Joby Aviation announced a roughly $1 billion capital raise consisting of convertible senior notes due 2032 and a concurrent equity offering, with notes potentially converting at up to a 30% premium and stock shares priced at a discount to the current price. The move triggered a premarket stock decline as the company aims to fund its production-expansion plan to double output by 2027; cash on hand was $978.1 million at the end of Q3.

via Sherwood News|
#business#capital-raise#convertible-notes
Trump Administration Cuts Offshore Wind Funding Amidst Industry Concerns
business9 months ago

Trump Administration Cuts Offshore Wind Funding Amidst Industry Concerns

Orsted, a Danish offshore wind company, faces significant setbacks in the US market due to political and economic challenges, including a $9.4 billion capital raise and project halts ordered by the Trump administration, leading to a sharp decline in its stock value and raising questions about its future US operations and strategic direction.

via Bloomberg.com|
#business#capital-raise#offshore-wind
GameStop Shares Drop Over 20% Amid Capital Raise and Bitcoin Push
business11 months ago

GameStop Shares Drop Over 20% Amid Capital Raise and Bitcoin Push

GameStop's shares dropped 20% after announcing a $1.75 billion debt financing to fund general corporate purposes, including investments in Bitcoin, following its first Bitcoin purchase of over $500 million. Despite the company's pivot to Bitcoin as a treasury reserve asset, its stock has been volatile, reflecting skepticism from investors amid ongoing struggles in its core retail business and store closures.

via Yahoo Finance|
#bitcoin#business#capital-raise
GameStop Shares Drop 20% Amid Capital Raise and Bitcoin Push
business11 months ago

GameStop Shares Drop 20% Amid Capital Raise and Bitcoin Push

GameStop's shares dropped 20% after announcing a $1.75 billion debt financing to fund general corporate purposes, including investments in Bitcoin, following its first Bitcoin purchase of over $500 million. Despite the company's pivot to Bitcoin as a treasury reserve asset, its stock has faced skepticism and decline amid ongoing struggles in its core retail business and store closures. The move aligns with a broader trend of non-crypto companies adopting Bitcoin to boost share prices.

via Fortune|
#bitcoin#business#capital-raise
Flushing Financial Aims to Raise $70M Amid Bond Sell-Off
finance1 year ago

Flushing Financial Aims to Raise $70M Amid Bond Sell-Off

Flushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million by selling low-yielding bonds and loans backed by commercial real estate, which will result in a loss and require a fresh stock sale. This move comes as banks with commercial real estate exposure face challenges due to Federal Reserve interest rate hikes, leading to unrealized losses. Flushing Financial, with $9.3 billion in assets, is among the community banks under pressure to improve capital levels, as regulators push for stronger financial foundations.

via CNBC|
#banking-sector#capital-raise#commercial-real-estate
Lucid Exceeds Q3 Revenue Forecasts Despite Growing Losses
business1 year ago

Lucid Exceeds Q3 Revenue Forecasts Despite Growing Losses

Lucid Group, Inc. reported its Q3 2024 financial results, highlighting a 90.9% increase in vehicle deliveries compared to Q3 2023, with 2,781 vehicles delivered and 1,805 produced. The company generated $200 million in revenue but reported a GAAP net loss per share of $(0.41). Lucid ended the quarter with $5.16 billion in liquidity and completed a $1.75 billion capital raise in October 2024. The company is on track to produce approximately 9,000 vehicles in 2024 and has opened orders for its new Lucid Gravity SUV.

via Lucid Group|
#business#capital-raise#electric-vehicles
"NYCB Stock Plunges After Attempted Capital Raise Report"
finance2 years ago

"NYCB Stock Plunges After Attempted Capital Raise Report"

New York Community Bank (NYCB) stock plunged up to 45% after reports of an attempted capital raise, marking an over 80% decline since January. The bank faces challenges following the exit of its CEO, increased loan losses, and weaknesses in internal controls. With options to sell assets, raise capital, or share risk with outside investors, NYCB's turmoil reflects broader concerns about commercial real estate weaknesses impacting other banks. Federal Reserve Chairman Jerome Powell assured lawmakers that the situation is manageable, but investors anticipate NYCB to raise common equity before considering asset sales.

via Yahoo Finance|
#banking#capital-raise#commercial-real-estate
"NYCB Secures $1 Billion Equity Raise Anchored by Steven Mnuchin's Firm"
finance2 years ago

"NYCB Secures $1 Billion Equity Raise Anchored by Steven Mnuchin's Firm"

New York Community Bancorp (NYCB) announced a $1 billion capital raise with investment firms including Steve Mnuchin's Liberty Strategic Capital, as the struggling bank seeks to shore up its balance sheet. Mnuchin and former comptroller of the currency Joseph Otting will join the board, with Otting taking over as CEO. The stock, which had already fallen sharply, was halted for news pending and is now below $2 per share. This comes after a turbulent start to the year for NYCB, including a credit rating downgrade and the identification of internal control weaknesses.

via CNBC|
#capital-raise#finance#investment-firms
"Insights for Investors: Plug Power's Desperate Money-Raising Move"
finance2 years ago

"Insights for Investors: Plug Power's Desperate Money-Raising Move"

Plug Power plans to raise up to $1 billion in capital through a secondary offering, potentially impacting shareholders with its $1.5 billion market cap. Investors are advised to consider the insights from the Motley Fool Stock Advisor analyst team, which has identified 10 stocks for potential high returns, with Plug Power not being among them. The Stock Advisor service offers guidance on portfolio building and has outperformed the S&P 500 since 2002.

via Yahoo Finance|
#capital-raise#finance#investment