GPM Investments Begins Next Chapter as Arko Holdings & Haymaker Tie-Up Closes
RICHMOND, Va. GPM Investments parent company, Arko Holdings Ltd., closed on its business tie-up with Haymaker Acquisition Corp.
In September, Arko Holdings entered into a definitive agreement with Haymaker, a publicly traded special purpose acquisition company, to form a business combination. With the combination complete, Arko Corp. the new company moves forward as a U.S.-listed public company as GPM embarks on an aggressive remodeling program. Today marks an important milestone as we drive the next chapter of our growth as a U.S.-listed public company. We operate in an attractive and highly fragmented industry and have built a proven platform for acquisitions, as demonstrated by our successful track record of closing transactions, said Arko CEO Arie Kotler.
Share this article
Share this article
NEW YORK and LOS ANGELES, Dec. 21, 2020 /PRNewswire/ Canoo Holdings Ltd. ( Canoo ), a company developing breakthrough electric vehicles ( EV ) with a proprietary and highly versatile EV platform for personal and business use, and Hennessy Capital Acquisition Corp. IV ( HCAC ) (NASDAQ: HCAC, HCACW), a special purpose acquisition company, announced today the completion of their business combination (the Business Combination ). The Business Combination was approved by HCAC stockholders at a special meeting held on December 21, 2020. Beginning on December 22, 2020, Canoo s common stock and warrants will trade on the Nasdaq Global Select Market under the ticker symbols GOEV and GOEVW, respectively.
ADVERTISEMENT
ADVERTISEMENT
Ex-Nomura Trader Avoids Jail Time In RMBS Fraud Case
Law360 (December 17, 2020, 9:17 PM EST) Former Nomura Securities International Inc. bond trader Michael Gramins was sentenced Thursday to six months home confinement with an electronic monitor, avoiding the prison term Connecticut federal prosecutors had requested for his fraud conspiracy conviction involving residential mortgage-backed securities.
U.S. District Judge Robert N. Chatigny seemed moved by the more than 100 letters written by family, friends and supporters of Gramins attesting to his good character, finding that Gramins 2017 conviction appeared to be a deviation from an otherwise ethical life. Do I need to incarcerate him in order to impose just punishment? Is it necessary? the judge asked. I don t.
December 2020 Monthly Dividend of $0.065 Per Share of Common Stock
RMBS Portfolio Characteristics as of November 30, 2020
Next Dividend Announcement Expected January 14, 2020
VERO BEACH, Fla.–(BUSINESS WIRE)–Orchid Island Capital, Inc. (the “Company”) (NYSE:ORC) announced today that the Board of Directors (the “Board”) declared a monthly cash dividend for the month of December 2020. The dividend of $0.065 per share will be paid January 27, 2020, to holders of record of the Company’s common stock on December 31, 2020, with an ex-dividend date of December 30, 2020. The Company plans on announcing its next common stock dividend on January 14, 2020.
The Company intends to make regular monthly cash distributions to its holders of common stock. In order to qualify as a real estate investment trust (“REIT”), the Company must distribute annually to its stockholders an amount at least equal to 90% of its REIT taxable income, determined without regard to the deduction for
ADVERTISEMENT
ADVERTISEMENT
Ex-Nomura Trader Deserves Substantial Jail Time, Feds Say
Law360 (December 14, 2020, 10:15 PM EST) Prosecutors told a Connecticut federal court on Monday that a former Nomura Securities International Inc. bond trader should spend substantial time behind bars for adding secret profit margins to residential mortgage-backed bond transactions.
The government s sentencing memorandum did not ask for the statutory maximum for ex-trader Michael Gramins conspiracy conviction of five years, or make a specific recommendation, but it did indicate that the court should impose a sentence at least on par with the two-year prison sentence handed down to former Jefferies Group trader Jesse Litvak for an almost identical fraudulent bond transaction.