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Shift Completes Merger with Insurance Acquisition Corp. on its Path to Public Listing, … | Money

Shift Completes Merger with Insurance Acquisition Corp. on its Path to Public Listing, … | Money

Caution Regarding Forward Looking Statements

This document includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward looking statements include estimated financial information. Such forward looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of Shift’s business are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are not limited to: (1) the risk that the business combination disrupts Shift’s current plans and operations; (2) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, Shift’s ability to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (3) costs related to the business combination; (4) changes in applicable laws or regulations; (5) the possibility that Shift may be adversely affected by other economic, business, and/or competitive factors; (6) the operational and financial outlook of Shift; (7) the ability for Shift to execute its growth strategy; and (8) other risks and uncertainties indicated from time to time in other documents filed or to be filed with the Securities and Exchange Commission (“SEC”) by Shift. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Shift undertakes no commitment to update or revise

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Eton Pharmaceuticals Announces Proposed Public Offering of Common Stock

Eton Pharmaceuticals Announces Proposed Public Offering of Common Stock

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

DEER PARK, Ill. , Oct. 13, 2020 (GLOBE NEWSWIRE) — Eton Pharmaceuticals, Inc (Nasdaq: ETON), a specialty pharmaceutical company focused on developing and commercializing innovative treatments for rare pediatric diseases, today announced that it is offering to sell shares of its common stock in an underwritten public offering. The offering is expected to price on or about Wednesday, October 14, 2020.

Eton Pharmaceuticals intends to use the net proceeds from the offering primarily for general corporate purposes, which may include research and development activities, capital expenditures, selling, general and administrative costs, and to meet working capital needs.

National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ: NHLD), is acting as the sole book-running manager of the offering. The Liquid Venture Partners group at National Securities is responsible for sourcing and executing the offering.

The shares described above are being offered by Eton Pharmaceuticals pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission (“SEC”). A preliminary prospectus supplement relating to the offering has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Copies of the preliminary prospectus supplement, and accompanying base prospectus relating to this offering, may be obtained from National Securities Corporation, Attn: Charles Wanyama, ECM -Syndicate, 200 Vesey

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Blackstone-Backed Finance Of America Plans $1.9B SPAC Merger To Go Public: WSJ

Blackstone-Backed Finance Of America Plans $1.9B SPAC Merger To Go Public: WSJ



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The Blackstone Group Inc (NYSE: BX)-backed Finance of America Equity LLC is planning to go public through a merger with a blank check company, the Wall Street Journal reported Monday.

What Happened: The consumer-lending platform is expected to merge with special purpose acquisition company Replay Acquisition Corp (NYSE: RPLA) in a deal that will give it a valuation of $1.9 billion, people familiar with the matter told the Journal.

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Institutional investors would reportedly make a private investment of $250 million in Finance of America as it goes public.

The deal is expected to leave Blackstone with 70% ownership of the company.

The consumer lender was originally considering going public through an initial public offering but began negotiating with the founders of Replay Acquisition in the summer, the Journal reported.

Why It Matters: Finance of America’s services span mortgages, reverse mortgages, commercial-real-estate loans, and fixed income investing.

The flurry of activity around SPACs continues unabated. Last month, United Wholesale Mortgage, the biggest wholesale mortgage originator in the United States, was reported to be considering a merger with the blank check company Gores Holdings IV Inc (NASDAQ: GHIV) at a record valuation of $16.1 billion. 

Japanese conglomerate Softbank Group Corp (OTC: SFTBY) is also preparing to launch a SPAC in two weeks’ time as it remains flush with liquidity. 

Chamath Palihapitiya’s three SPAC firms raised $2.1 billion IPOs, last week. 

This month, Los Angeles-based Fisker Inc, an EV startup, is expected to go public by merging with Spartan Energy Acquisition Corp (NYSE: SPAQ).

Price Action: Blackstone Group shares closed almost 0.5% higher at $54.97 on Monday. On the same day, Replay Acquisition shares closed nearly 0.2% lower at $10.26.

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Seeking nominations for the top experts in financial public relations

Seeking nominations for the top experts in financial public relations



a man wearing a suit and tie talking on a cell phone: Johannes Eisele/AFP via Getty Images


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Johannes Eisele/AFP via Getty Images

  • Corporations are feeling the squeeze as the economy suffers under the weight of the coronavirus pandemic, meaning every piece of financial information released is an essential form of communication.
  • Business Insider is planning to publish a list of the financial public relations experts with a track record of success working on high-profile assignments.
  • We want to hear which PR firms and their top financial PR executives brands are scrambling to hire to support them through the coronavirus and other financial crises.
  • Visit Business Insider’s homepage for more stories.

The coronavirus pandemic has squeezed revenue streams at corporations, pressuring companies to inform investors, customers, suppliers, and the public how they’re responding to the crisis.

The outbreak has ramped up shareholder activism as investors scrutinize companies’ leadership teams, unravelled mergers and acquisition plans, and delayed IPOs.

This combination of factors makes every piece of financial information released by a company an essential form of communication that requires a seasoned financial public relations hand.

Business Insider is planning to publish a list for the top financial PR pros who are helping corporations spin their financial story, and we’re looking for your nominations here.

Video: Tech, healthcare are key sectors driving wealth creation in Asia: UBS (CNBC)

Tech, healthcare are key sectors driving wealth creation in Asia: UBS

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We want to hear which PR firms and their top financial PR executives a brand hires to support them through the coronavirus crisis.

This list will be based on nominations, publicly available information, and our own original reporting. The financial PR pros who are included on this list will have prominent clients, high-profile assignments, and a history of results.

For reference, here are some other examples of similar lists, like the

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It’s a Hot IPO Market. Now Roblox Is Going Public, Too.

It’s a Hot IPO Market. Now Roblox Is Going Public, Too.

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A scene from a Roblox game.


Courtesy Roblox

Roblox said Monday that it has filed confidentially with the Securities and Exchange Commission to go public.

The San Mateo, Calif., company has submitted a draft registration document to the SEC, a statement said. Roblox did not disclose how many shares it would offer or their price. It expects to commence the public offering following a review by the regulator.

The initial public offering comes roughly eight months since Roblox raised $150 million in funding in February. Andreessen Horowitz led that financing round, which reportedly valued Roblox at $4 billion. At the time, Roblox had 115 million monthly active users and more than 1.5 billion hours of monthly engagement. The company has raised $335.7 million in total funding, according to Crunchbase.

Founded in 2004, Roblox hosts child-friendly games focused on digital characters resembling Lego. Some of its most well-known games include “Booga Boogal,” “Ghost Simulator,” and “Theme Park Tycoon 2.” Roblox users can access games on a mobile device or a gaming PC. The company employs more than 800 people.

If launched this year, the Roblox offering would come during a surging time for the IPO market. Several companies, including Snowflake (ticker:

SNOW

) and Lemonade (

LMND

), have posted spectacular gains during their debuts.

Write to Luisa Beltran at luisa.beltran@dowjones.com

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