Kim Kardashian's Skims Valued at $6 Billion After Funding
Skims has become a $5 billion brand after completing a $225 million capital raise, highlighting its significant growth and success in the fashion industry.
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Capital Raise
All articles tagged with #capital raise
Quantum Computing Inc. Secures $500M Private Placement Amid Stock Decline
Quantum Computing Inc. has successfully raised $500 million through an oversubscribed private placement of common stock, increasing its total cash to approximately $850 million to fund commercialization, acquisitions, and expansion efforts, with participation from existing shareholders and a new global asset manager.
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.
France increases stake in Eutelsat to bolster European satellite competition
The French government plans to more than double its stake in Eutelsat to nearly 30% through a $1.56 billion capital increase, supporting the company's efforts to upgrade its satellite constellation and compete with Starlink, including investments in OneWeb and Europe's IRIS² project.
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.
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.
Trump Media Plans to Raise Up to $3 Billion for Bitcoin Investment
Trump Media & Technology Group plans to raise $2.5 billion through stock and convertible bonds to purchase Bitcoin for its treasury, aiming to bolster its financial position and create synergies with its social media platforms, amid broader corporate interest in cryptocurrencies.
Trump Media Aims to Raise $3B for Cryptocurrency Investments
Trump Media and Technology Group plans to raise $3 billion through an equity and convertible bond offering to invest in crypto assets, potentially announcing at the Bitcoin 2025 event, following a trend among public companies adopting cryptocurrencies like Bitcoin for their balance sheets.
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.
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.
"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.
"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.
"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.
Republic First receives $35M investment from Norcross Braca Group
Philadelphia-based Republic First Bancorp has secured a $35 million investment from the Norcross Braca Group, with Philip Norcross becoming the chairman of Republic First's board and former TD Bank U.S. CEO Gregory Braca joining the board along with two other members. Four directors will step down from the board. Republic First plans to commence the remainder of its previously announced $75 million to $100 million capital raise after the new investment closes.
Metro Bank's Shares Surge 26% as Colombian Billionaire Takes Control and Finances Strengthened
Shares of UK's Metro Bank surged 26% after the lender announced it had secured a £325 million capital raise and £600 million in debt refinancing. The capital raise includes £150 million of new equity and £175 million of bail-in debt. Colombian banker Jaime Gilinski Bacal, an existing shareholder, led the raise and now holds a controlling 53% stake. The bank plans to shift towards specialist mortgages and commercial lending, while also exploring the sale of up to £3 billion of residential mortgages. The announcement follows concerns raised by regulators last month regarding the bank's internal risk models for mortgages.