Published: June 14, 2023 at 7:14 p.m. ET By Mary de Wet Vision Marine Technologies said it would sell 493,828 of its common shares for $4.05 each in an agreement with investors, its fourth share sale this year. The electric recreational boating company will also issue to the investors warrants to buy the same amount … [Read more…]
Sotheby’s is selling 37 works of digital art once owned by the defunct Singapore cryptocurrency hedge fund Three Arrows Capital in a live auction next week in New York. “Grails,” as the collection is titled, includes several works of digital art created by pioneering generative artists, including Dmitri Cherniak, Tyler Hobbs, and Larva Labs—creators of … [Read more…]
Published: June 5, 2023 at 4:12 a.m. ET By Joe Hoppe Mondi said Monday that it is pulling out of an agreement to sell Syktyvkar, its most significant facility in Russia, and two affiliated entities to Augment Investments, but that it remains committed to divesting the assets. The packaging and paper group said the decision … [Read more…]
A federal appeals court in New York reinstated a bankruptcy settlement that resolves opioid-related lawsuits against Purdue Pharma’s Sackler family owners for up to $6 billion and clears the way to end the OxyContin maker’s chapter 11 case. Tuesday’s decision by the Second U.S. Circuit Court of Appeals in New York means the Sacklers’ settlement … [Read more…]
Australia-based healthcare provider is in talks about roughly $200 million in new financing to see it through bankruptcy Updated May 25, 2023 4:00 pm ET | WSJ Pro GenesisCare, a provider of cancer-care services backed by KKR, is preparing to file for bankruptcy within days, according to people familiar with the matter. The Australia-based company, … [Read more…]
Crypto lender has reached a deal to be managed by a group of investors led by TechCrunch founder Michael Arrington May 25, 2023 8:03 am ET | WSJ Pro Celsius Network, the bankrupt cryptocurrency lender, has reached an agreement to be managed by Fahrenheit LLC, a group of investors led by TechCrunch founder Michael Arrington. … [Read more…]
Published: May 22, 2023 at 3:52 a.m. ET By Anthony O. Goriainoff Oncimmune Holdings said Monday that it has sold subsidiaries Oncimmune Ltd. and Oncimmune Europe GmbH for 13 million pounds ($16.2 million) in cash to Freenome Holdings, and that this alongside debt repayment has removed the material uncertainty regarding it remaining a going concern. … [Read more…]
Published: May 19, 2023 at 2:46 a.m. ET By Anthony O. Goriainoff Unbound Group said Friday that the board continued to seek additional funding to complete the company’s restructuring, and that it was mulling a full sale of the company, among other options. The parent company of a group selling brands for the over-55 age … [Read more…]
Published: May 17, 2023 at 4:33 a.m. ET By Joe Hoppe Shares in Purplebricks fell Wednesday after the company said it has conditionally agreed to sell substantially all of its business and assets to Strike for a nominal consideration of one pound ($1.25) and the assumption of its liabilities. Shares at 0830 GMT were down … [Read more…]
For investors torn between buying stocks and waiting for a pullback, we offer you healthcare stocks. Neither purely defensive nor purely growth, they offer among the best of both—and perhaps a way out of the conundrum. The defensiveness was on full display during 2022, when the Health Care Select Sector SPDR exchange-traded fund (ticker: XLV) … [Read more…]