By Karen E. Roman In an interview with Schwab Network’s Nicole Petallides, IPO Edge Editor-in-Chief John Jannarone discussed how Reddit will be the largest IPO to date in 2024, boasting impressive performance metrics including […]
Blackwells Capital LLC reveals ValueAct Capital Management, L.P. has received millions in management fees from Walt Disney Co. (NYSE: DIS) Blackwells says ValueAct has earned fees of roughly $55 million to $95 million for overseeing Disney pension assets ValueAct is a public supporter of Disney board amid ongoing proxy fight while Blackwells has nominated own […] The post Blackwells Spotlights ValueAct’s Pension Fees from Disney, Raising Governance Concerns appeared first on CorpGov.
By Karen E. Roman Portillo’s Inc. (NASDAQ: PTLO), the casual restaurant known for its Chicago-style favorites menu, reported a 24.5% increase in total revenue for the last quarter of 2023 and a rise of 4.4% on same-restaurant sales. Operating income grew $8 million to $14.5 million, while net income increased $7 million to $9.6 million […]
By Karen E. Roman Planet Fitness, Inc. (NYSE: PLNT) reported total revenue grew 1.4% on the fourth quarter to $285.1 million and system-wide same store sales rose 7.7%. Adjusted EBITDA grew 7.8% to $114.3 million from $106.1 million the year before, it stated. The company said it opened 77 new system-wide stores in the […]
By Karen E. Roman Gryphon Digital Mining, Inc. (Nasdaq: GRYP) said in a January operational update that it wants to expand through machine purchases and M&A opportunities. The recently-listed bitcoin […]
Gildan Activewear Inc. (TSX and NYSE: GIL), owner of American Apparel, fired Co-Founder and CEO Glenn Chamandy in shock to many shareholders Long-only investment fund Browning West LP owns 5% of shares and wants CEO reinstated Approximately 35% of shareholder base, a total of 9 investment funds, have publicly voiced desire to reinstate Mr. Chamandy Browning […] The post Corporate Governance Unravels at Gildan Activewear Amidst Shareholder Revolt appeared first on CorpGov.
By Karen E. Roman Sirnaomics Ltd., a biopharmaceutical company developing RNAi therapeutics, recently published a research article showing a cancer drug candidate to treat solid tumors. The article focused on the company’s clinical studies with STP707, a polypeptide nanoparticle formulation, and provided a foundation for further research to treat hepatocellular carcinoma and other solid tumors, […]
By Karen E. Roman Commercial real estate investors Ethan Penner and Chad Carpenter said they will launch Reven Office REIT, a company specializing in office real estate financing and investment. The new firm will aim to fill the capital gap in office debt with a low-risk strategy and the start of first mortgages, mezzanine debt […]
By Karen E. Roman DecisionRx, Inc., a value-based healthcare company focused on minimizing healthcare costs by addressing medication failure, announced a $100 million credit facility from global investment firm Carlyle. Carlyle also obtained an option to acquire 25% of DecisionRx’s outstanding equity as part of the deal, the company said. The arrangement will allow […]
By Karen E. Roman Comera Life Sciences Holdings, Inc. (Nasdaq: CMRA), a company which develops biologic medicines, announced it has appointed Dorothy Clarke to its board of directors. Ms. Clarke previously held leadership roles at Johnson & Johnson for over two decades and specialized in law, regulatory affairs, compliance, and data protection, the company […]