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Sec Filing

All articles tagged with #sec filing

gaming2 days ago

GameStop to close 410 US stores in major cost-cutting push

GameStop is shuttering about 410 US locations (with 11 more planned) as part of a broad cost-cutting plan, extending a trend of store reductions and international downsizing noted in its December 2025 SEC filing; the move comes as the retailer continues to redefine its strategy after a 2021 market surge and amid failed NFT/crypto pivots. The filing also mentions a potential payout of up to $35 billion in stock options to CEO Ryan Cohen if GameStop hits a $100 billion market cap.

via Engadget|
#cost-cutting#gamestop#gaming
business7 months ago

SEC and US Regulators' Stance on Crypto Staking ETFs

REX Shares and Osprey Funds are filing with the SEC to launch staking ETFs for Ethereum and Solana, which will offer holders token rewards from staking while tracking the underlying assets. These funds will operate as C corporations for tax purposes and aim to provide regulated custody and staking support, marking a significant step in crypto ETF development despite regulatory hurdles. The funds are expected to have annual expenses of around 1.3-1.4% and could accelerate the approval process for similar products.

via The Block|
#business#cryptocurrency#ethereum
business1 year ago

Key Trump Media Investor Sells Majority of Shares

Patrick Orlando, former CEO of the SPAC that took Trump Media public, has sold nearly all his shares, reducing his stake from 5.4% to less than 0.01%, according to SEC filings. This follows a legal ruling granting him additional shares just before the lockup period ended. The sale raises concerns about investor confidence, although Trump Media's stock has surged since the lockup expiration. Other early investors, Andrew Litinsky and Wes Moss, also sold significant shares after legal disputes with the company.

via Fortune|
#business#investor-confidence#patrick-orlando
business1 year ago

Tesla's Severance Scandal: Elon Musk's Apology and Stock Price Decline

Tesla CEO Elon Musk apologized after some laid-off employees received incorrectly low severance packages, following the company's announcement of a 10% job cut. The issue was brought to Musk's attention, prompting immediate correction. With over 140,400 employees, the layoffs could affect up to 14,000 people. Tesla cited the need to streamline operations amid rapid growth and technological advancements. This comes as the company reported a decline in quarterly deliveries and prepares for the launch of its next-generation vehicle platform.

via Fox Business|
#business#elon-musk#layoffs
businessfinance1 year ago

"Trump Media Stock Plummets Amid Share Issuance and Declining Performance"

Trump Media's stock plunged 18.3% after the company filed to register millions of additional shares, wiping hundreds of millions of dollars from its value and erasing 60% of its initial valuation. The drop came as the company proposed to release 21.4 million shares of common stock, leading to concerns about devaluing existing shareholders' stock. This decline coincided with the start of Donald Trump's criminal trial, where he faces 34 felony counts, although the share price fall is not directly related to the trial. Trump Media merged with Digital World Acquisition Corp to go public in March, but its share value has since plummeted, with shares now selling for less than half their opening day value.

via The Independent|
#businessfinance#criminal-trial#donald-trump
finance1 year ago

"B. Riley Financial Faces Deadline Pressure Over Delayed 10-K Filing"

B. Riley Financial Inc. failed to file its audited results after the grace period ended, causing its stock to fall about 6%. The delay adds to pressure on the company, which has been under scrutiny for its relationship with Brian Kahn, the founder of Franchise Group Inc. The company attributed the delay to the board’s review of its transactions with Kahn, who was labeled as an unidentified co-conspirator in a US Department of Justice criminal case. B. Riley missed last year’s initial deadline too, citing recent acquisitions, but was able to finish the job within the grace period.

via Yahoo Finance|
#audit#b-riley-financial-inc#finance
business1 year ago

Altria to Sell Portion of Anheuser-Busch InBev Investment

Altria Group, Inc. intends to sell a portion of its investment in Anheuser-Busch InBev SA/NA through a global secondary offering, including public offerings and private placements. The company plans to use the proceeds for additional share repurchases of its common stock and has filed a registration statement with the U.S. Securities and Exchange Commission for the offering. Altria currently holds approximately 10% ownership in ABI and is offering 35 million of ABI’s ordinary shares. The offering and the partial sale of the investment have been approved by Altria's Board, and Morgan Stanley is acting as the lead underwriter for the proposed offering.

via Yahoo Finance|
#altria#anheuser-busch-inbev#business
business1 year ago

"Legal Battles Mount as Trump Media Faces Setbacks in DWAC Merger Deal"

Digital World Acquisition Corp. disclosed new lawsuits seeking to block its merger with Trump Media and Technology Group, including a lawsuit filed by former DWAC chairman Patrick Orlando. The filing also revealed threats from Trump Media's co-founders to block the deal and accusations of Trump attempting to dilute the value of shares held by them. DWAC's stock was down 5.6% on Friday, but is up 123% year to date, while the S&P 500 has gained about 7%.

via MarketWatch|
#business#dwac#lawsuits