EV startup Fisker (FSR) is pausing EV production for six weeks as its financial struggles worsen. Fisker looks to get its finances in order after failing to make an interest payment. The EV maker did get a commitment for up to $150 million in financing, but will it be enough? Fisker is halting production as… Continue reading Fisker (FSR) stock falls after failing to make an interest payment, pauses EV production
Tag: M and A
Tesla Roadster won’t really be a car, says Elon Musk
Tesla CEO Elon Musk has made new comments about the upcoming next-gen roadster and went as far as saying that it’s “not even really a car.” Last month, Musk gave a rare update about the next-gen Tesla Roadster. The prototype for the next-generation was first unveiled in 2017 and it was supposed to come to… Continue reading Tesla Roadster won’t really be a car, says Elon Musk
Payfare Announces Update to Timing of its Fourth Quarter and Full Year 2023 Results Release and Earnings Conference Call
Payfare reaffirms fourth quarter 2023 revenue and Adjusted EBITDA1 guidance of $50 million and $7 million, respectively TORONTO, March 18, 2024 /PRNewswire/ – Payfare Inc. (“Payfare” or the “Company”) (TSX: PAY) (OTCQX: PYFRF), a leading fintech powering instant payout and digital banking solutions for workforces, today announced an update to the timing of its fourth quarter… Continue reading Payfare Announces Update to Timing of its Fourth Quarter and Full Year 2023 Results Release and Earnings Conference Call
Euclid Transactional Announces Promotions Across North America and EMEA, Including Additions to Leadership and Executive Ranks
NEW YORK, March 18, 2024 /PRNewswire/ — Euclid Transactional, LLC (“Euclid Transactional”), a leading managing general agent focused on transactional insurance underwriting and claims handling, today announced global promotions. These include adding Justin Berutich to the global Executive Committee and making Will Hooper Co-Head of Canada. In other senior changes, Sedi Asem, on the underwriting function,… Continue reading Euclid Transactional Announces Promotions Across North America and EMEA, Including Additions to Leadership and Executive Ranks
Freeman Spogli Sells its Majority Interest in Baseline Fitness to Mayfair Capital Partners
LOS ANGELES, March 18, 2024 /PRNewswire/ — Freeman Spogli, a middle market private equity firm, announced that its portfolio company, Baseline Fitness, LLC (“Baseline”), a leading franchise division of Planet Fitness fitness centers, has been acquired by Mayfair Capital Partners (“Mayfair”), a division of Oxford Financial Group, Ltd. (“Oxford”). Freeman Spogli and Baseline’s existing management… Continue reading Freeman Spogli Sells its Majority Interest in Baseline Fitness to Mayfair Capital Partners
@VW Group: World class golf meets attractive brand experience at Porsche Singapore Classic008506
18/03/2024 The Porsche Singapore Classic is set to present high class professional golf and an attractive live experience at the start of the new title partnership. World class international players and the local elite will be competing for the prestigious title – and the first ever hole-in-one Porsche vehicle on the DP World Tour in… Continue reading @VW Group: World class golf meets attractive brand experience at Porsche Singapore Classic008506
German Manager Magazine: Electric car: Fisker doesn’t pay interest and stops production003180
The cash-strapped US electric car industryStartup Fisker stops production of its Ocean model. Production at contract manufacturer Magna in Austria will be interrupted for six weeks, the company announced on Monday. Fisker previously owed $8.4 million in interest on convertible notes. The company said it deliberately decided to default in order to gain time for… Continue reading German Manager Magazine: Electric car: Fisker doesn’t pay interest and stops production003180
Kroger Announces Definitive Agreement for Sale of Its Specialty Pharmacy Business
Specialty pharmacy serves patients with chronic illnesses who require complex care CINCINNATI, March 18, 2024 /PRNewswire/ — The Kroger Co. (NYSE: KR) announced that it has entered into a definitive agreement for the sale of its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health. “Kroger Specialty Pharmacy has been part of our company… Continue reading Kroger Announces Definitive Agreement for Sale of Its Specialty Pharmacy Business
Cousins Properties Announces Its First Quarter 2024 Common Stock Dividend
ATLANTA, March 18, 2024 /PRNewswire/ — Cousins Properties (NYSE: CUZ) announced today that its Board of Directors has declared a cash dividend of $0.32 per common share for the first quarter of 2024. The first quarter dividend will be payable on April 15, 2024 to common shareholders of record on April 4, 2024. About Cousins… Continue reading Cousins Properties Announces Its First Quarter 2024 Common Stock Dividend
Blackbaud Announces Termination of Stockholder Rights Plan
CHARLESTON, S.C., March 18, 2024 /PRNewswire/ — Blackbaud (NASDAQ: BLKB) (“Blackbaud” or the “Company”), the leading provider of software for powering social impact, today announced that its Board of Directors (the “Board”) has unanimously voted to terminate the Company’s stockholder rights plan (the “Rights Plan”) effective as of the close of business on March 18,… Continue reading Blackbaud Announces Termination of Stockholder Rights Plan