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Equity Investment

All articles tagged with #equity investment

finance1 year ago

NYCB Announces $1.05B Capital Infusion and Reverse Stock Split

New York Community Bancorp Inc. has closed a deal to raise over $1 billion through an equity investment led by Steven Mnuchin's Liberty Strategic Capital, Hudson Bay Capital, and Reverence Capital Partners, with Mnuchin appointed as lead independent director. The troubled commercial real estate lender issued common stock at $2 per share to the investors and plans a minimum reverse stock split of three for one. Former comptroller of the currency Joseph Otting will become CEO, and the company's board will include Mnuchin and two other investors. The completion of the equity raise aims to strengthen the balance sheet and restore investor confidence, despite being dilutive to existing holders.

via Yahoo Finance|
#capital-infusion#commercial-real-estate#equity-investment
entertainment1 year ago

Whoopi Goldberg Supports Black-Owned Kid-Friendly Streaming Service BLKFAM

Whoopi Goldberg has invested in Blkfam, a free, ad-supported streaming service focused on Black-owned and Black-focused family content, set to launch on Feb. 26. The platform will feature over 20 syndicated series, 1,000 hours of animation titles, and original music-driven content, with 10 original series in development. Goldberg, along with Tom Leonardis, will steer the creative development of exclusive programming projects for the platform. Blkfam aims to provide authentic, inclusive stories that entertain, educate, and celebrate Black American family-friendly content, addressing the underserved market for unbiased content during Black History Month.

via Variety|
#blkfam#childrens-content#entertainment
business2 years ago

"Bilt Rewards Doubles Valuation with $200M Investment, Adds Industry Leaders to Board"

Bilt Rewards, a company enabling Americans to earn rewards on rent payments, received a $200 million equity investment, raising its valuation to $3.1 billion. The investment, led by General Catalyst, includes contributions from Eldridge and existing investors. Business heavyweights Ken Chenault and NFL Commissioner Roger Goodell have joined its board. Bilt plans to expand its ecosystem, offering rewards for rent and everyday spending, and has already partnered with major residential real estate companies. The company aims to strengthen its Neighborhood Rewards program and eventually launch mortgage payment rewards with the newly raised capital.

via Fox Business|
#bilt-rewards#business#equity-investment
business2 years ago

Intel Sells Minority Stake in IMS Nanofabrication Business to TSMC

Intel has agreed to sell a 10% stake in its IMS Nanofabrication business to TSMC for approximately $4.3 billion. Intel will retain majority ownership of IMS, which specializes in multi-beam mask writing tools for advanced lithography technology. The investment from TSMC, along with a previous stake sale to Bain Capital, will provide IMS with increased independence and support its growth and innovation in the semiconductor industry.

via Investor Relations :: Intel Corporation (INTC)|
#business#equity-investment#ims-nanofabrication