News by subject: Business Update

The team at Hercules Capital, Inc. ("Hercules" or the "Company") is working collectively with our employees, stockholders, stakeholders, bondholders, rating agencies, portfolio companies, and our portfolio companies' venture capital and private...

Lantern Pharma Inc. , a clinical-stage biopharmaceutical company using its proprietary RADR® artificial intelligence (AI) and machine learning (ML) platform to transform the cost, pace, and timeline of oncology drug discovery and development, today...

The Prime Minister of Mongolia, Luvsannamsrain Oyun-Erdene, today joined Rio Tinto Chief Executive Jakob Stausholm 1.3 kilometres underground to celebrate the commencement of underground production from the Oyu Tolgoi copper mine in the Gobi Desert....

Sindhorn Kempinski Hotel Bangkok, a luxurious hotel located in the heart of Bangkok, renews its focus on the Middle Eastern market following increased demand from travellers in the region. As the brands second property in Bangkok, it has shown its...

Innate Pharma SA (Euronext Paris: IPH; Nasdaq: IPHA) ("Innate" or the "Company") has learned that Silicon Valley Bank has been closed by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance...

Axos Financial, Inc. ("Axos" or the "Company"), parent of Axos Bank, provided a mid-quarter business update for the third quarter ending March 31, 2023. Through March 12, 2023, the Company has seen the following: Commercial and consumer average...

First Republic Bank , a leading private bank and wealth management company, today said it has further enhanced and diversified its financial position through access to additional liquidity from the Federal Reserve Bank and JPMorgan Chase & Co. The...

First Foundation Inc. ("First Foundation" or the "Company"), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank today issued the following updated financial information to...

Veracyte, Inc. outlined the company's cash, cash equivalents and short-term investment status in light of the events surrounding Silicon Valley Bank (SVB). As of December 31, 2022, the company had $178.9 million in cash, cash equivalents and...

Digi International Inc. provides the following information on its exposure to Silicon Valley Bank ("SVB") being closed by the California Department of Financial Protection and Innovation ("CDFPI") on March 10, 2023. The CDFPI has appointed the...

Privately held Signature Bank headquartered in Rosemont, Illinois announced record returns and earnings in 2022. Return on Average Equity was 25.7% and net income increased 22.5% from 2021 to over $26 million. As a commercial bank, 51% of deposits...

Hims & Hers Health, Inc. ("Hims & Hers" or the "Company") , the leading health and wellness platform, is aware of the current actions taken by the Federal Deposit Insurance Corporation with respect to Silicon Valley Bank ("SVB"). The Company has...

FAST Acquisition Corp. II ("FAST II" or the "Company") , a publicly traded special purchase acquisition company, announced today that it filed with the state of Delaware an amendment to its charter to extend the date by which the Company must...

Dragoneer Growth Opportunities Corp. III (the "Company") announced the following today: The Company anticipates that the Company will not be able to consummate an initial business combination within the time period required by its Amended and...

Natural Resource Partners L.P. announced today that the 2022 tax packages for unitholders, including the individual K-1 tax information, are available on its website www.taxpackagesupport.com/naturalresource. The K-1 tax information will also be...

Tutor Perini Corporation (the "Company"), a leading civil, building and specialty construction company, announced today that it has been advised that Accelerate Maryland Partners LLC ("AM Partners") will no longer be proceeding with the Maryland...

Western Alliance Bank , in light of recent industry events, updates the following financial (unaudited) information: Deposits remain strong with the following balances, as of 3/9/2023: Total deposits of $61.5 billion, an increase of $7.8 billion...

Imperial Dade, a leading independently owned and operated distributor of eco-friendly food service packaging and janitorial supplies, is opening a new state-of-the-art logistics hub in Clark County. This new facility includes a 102,000 sq ft...

Digital wholesale platform Powered by People ("PBP") announced today that it has secured US$8 million in series A equity funding. The company will use the funds to continue scaling its global operations and technology. PBP provides small-batch,...

In anticipation of its intended listing on the New York Stock Exchange, Griffin Realty Trust today announced it has changed its name to Peakstone Realty Trust (the "Company"), effective today. In addition, the Company is implementing a 1-for-9...

Odyssey Marine Exploration, Inc. , a global subsea mineral exploration and development company, has reached an agreement with Altos Hornos de México, S.A.B. de C.V., Minera del Norte S.A. de C.V. and Phosphate One LLC (collectively AHMSA) to...

ShopOne Centers REIT Inc. ("ShopOne"), a fully integrated U.S. grocery-anchored shopping center investment, management and operating platform, together with its joint venture ("JV") partners, Pantheon and a leading global institutional investor, are...

Fenway Sports Group (FSG), a global sports, marketing, media, entertainment, and real estate company, today announced highlights from its annual meeting ? a company-wide gathering in Bonita Springs, Florida, where leadership from each of the...

Lazard Ltd reported today that its preliminary assets under management ("AUM") as of February 28, 2023 totaled approximately $224.2 billion. The month's AUM included market depreciation of $2.8 billion, foreign exchange depreciation of $2.9 billion...

Republic First Bancorp, Inc. (the "Company" or "Republic First"), the holding company for Republic First Bank d/b/a Republic Bank, today announced it has entered into a definitive agreement with certain accredited investors for a private placement...

NewEdge Capital Group, LLC, a leading and rapidly growing wealth management firm supporting successful financial advisors nationwide, announced today that the firm reported record 2022 growth in client assets and advisor teams. The firm is...

Stratasys Ltd. (the "Company"), a leader in polymer 3D printing solutions, today confirmed that it has received an unsolicited non-binding indicative offer from Nano Dimension Ltd. to acquire Stratasys for $18.00 per share in cash. Consistent with...

Sunrise, the company revolutionising home sleep testing, announces a ?17 million in funding. The successful fundraising is led by Kurma Partners and includes the exceptional entry of the European Innovation Council (EIC Fund). The Walloon start-up...

Franklin Resources, Inc. (Franklin Templeton) today reported preliminary month-end assets under management (AUM) of $1,416.5 billion at February 28, 2023, compared to $1,451.9 billion at January 31, 2023. This month's decrease in AUM reflected the...

Victory Capital Holdings, Inc. ("Victory Capital" or the "Company") today reported assets under management (AUM) of $157.7 billion as of February 28, 2023. The Company also reported average assets under management for the month of February of $160.2...

Virtus Investment Partners, Inc. today reported preliminary assets under management of $154.3 billion as of February 28, 2023. In addition, the company provided services to $2.5 billion of other fee-earning assets, which are not included in assets...

Mind Medicine (MindMed) Inc. , (NEO: MMED), (the "Company" or "MindMed"), a clinical stage biopharmaceutical company developing novel product candidates to treat brain health disorders, today reported its financial results for the full-year ended...

The Water Research Foundation (WRF) has awarded Black & Veatch a grant to investigate per- and polyfluoroalkyl substances (PFAS) in biosolids that pose a potential risk for the agricultural industry, food supply and ultimately, human health. The...

Cintas Corporation is nearing completion of a multi-year companywide LED lighting transition project to help reduce facility-focused energy use and support the company along its Path to Net Zero. Cintas' 475 facilities throughout the United States...

Western Funding Inc. (WFI), a subsidiary of Westlake Technology Holdings and part of the Nowlake umbrella, announced record growth in 2022. Highlights for 2022 include: 73% YOY growth in its loan portfolio 58% YOY growth in loans originated...

BJ's Wholesale Club , a leading operator of membership warehouse clubs, announced today that it is adding five clubs to its growing portfolio across the United States. The expansion includes plans for a new club in Madison, Alabama, increasing BJ's...

aequum LLC, acting on behalf of 400 self-insured health plans and their participants, announces a noteworthy two-year milestone of successfully resolving over 10,000 claims for more than 5,000 member patients, saving over $37 million of disputed...

Home Instead, the world's leading provider of in-home care for older adults, has earned prestigious accolades from Franchise Times, Entrepreneur, and the Canadian Franchise Association for its leadership, reinforcing the company's standing among...

Hagens Berman, an international class-action law firm, celebrates its 30th anniversary, having led some of the largest and most impactful lawsuits on behalf of consumers, employees, whistleblowers and other plaintiffs in meaningful lawsuits against...

Today Act!, a leading customer relationship management (CRM) and marketing automation solution for small to medium-sized businesses (SMBs), announced it has joined the Small Business Digital Alliance (SBDA), the public-private co-sponsorship between...

Altria Group, Inc. (Altria) will host a live webcast of its Investor Day in New York, NY on Thursday, March 23, 2023. The presentation will begin at approximately 9:00 a.m. and end at approximately 12:30 p.m. Eastern Time. The webcast will feature...

The Arena Group and Gaud-Hammer Gaming Group today announced the launch of Esports Illustrated, a new media platform dedicated to providing exclusive, in-depth coverage of esports with analysis, player and team interviews, and behind-the-scenes...

New York Life, America's largest mutual life insurer1, highlights the progress and impacts of the company's diversity, equity, and inclusion (DE&I) efforts over the last year with the release of its 2022 DE&I Report. "From expanding our DE&I Center...

Cubist Inc., a security-focused Web3 dev tools provider, today announced the close of its $7 million seed round. Cubist's leadership includes a former fraud operations executive and computer security professors from UC San Diego and Carnegie Mellon...

Signature Bank , a New York-based, full-service commercial bank, announced today updated financial figures as of March 8, 2023 and reiterated its strong, well-diversified financial position and limited digital-asset related deposit balances in the...

6sense, the leading platform to revolutionize the way B2B organizations create, manage and convert pipeline to revenue, announced the fifth consecutive year of top-line performance leading into 2023. The company closed their fiscal year with...

Strata Identity, the Identity Orchestration company, today announced it has received a System and Organization Controls (SOC) 2 Type I certification. The report validates that Strata's Maverics Identity Orchestration platform has implemented and...

Amprius Technologies, Inc. ("Amprius"), , a leader in ultra-high energy density lithium-ion batteries with its Silicon Anode Platform, will hold a conference call and webcast on Thursday, March 23, 2023 at 5:00 p.m. Eastern time (2:00 p.m. Pacific...

Delta Galil Industries, Ltd. (DELT/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today announced that Israeli credit rating...

WisdomTree, Inc. , a global financial innovator, today released monthly metrics for February 2023, including assets under management (AUM) and flow data by asset class. Monthly Commentary: A continuation of strong organic growth positions...