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PE-backed REPAY and Thunder Bridge to merge

REPAY, a provider of payment solutions and Thunder Bridge, a blank check company, have agreed to merge. According to terms of the deal, Thunder Bridge will acquire REPAY at about $653 million. At the closing of the transaction, the newly combined company will change its name to Repay Holdings and continue to trade on the NASDAQ under a new ticker symbol. REPAY is a portfolio company of Corsair Capital. PRESS RELEASE ATLANTA and GREAT FALLS, Va., Jan. 22, 2019 /PRNewswire/ — Repay Holdings, LLC, ...
Tags: Ipo, Trends, Credit Suisse, M&a, SEC, Corsair, North America, Nasdaq, Delaware, Cayman Islands, Company, John Morris, EBITDA, CLSA, Troutman Sanders, Securities and Exchange Commission SEC


Types of Crowdfunding for your Small Business

Crowdfunding has become a viable form for funding a venture, project, cause, event and much more. For small businesses looking to bypass traditional sources of financing such as bank loans, angel investing or venture capital, it is now a great option. If you’ve been thinking about starting a campaign, it is important to note there are different types of crowdfunding. And this doesn’t mean the platform or portal such as Kickstarter, Indiegogo and others. The confusion stems from clumping crowdfu...
Tags: Crowdfunding, Sales, Startup, Kickstarter, SEC, Small Business Loan, Kickstarter Indiegogo




United States: The Government Shutdown And Effectiveness Of Registration Statements Under Section 8(a) - Duane Morris LLP

Given the shutdown of the SEC as part of the wider government shutdown, we are seeing many registration statements being filed with no delaying amendment language and with the language
Tags: News, United States, SEC, Duane Morris LLP


Lady Vols fall 80-79 to Arkansas for fifth straight loss

KNOXVILLE, Tenn. (AP) — Malica Monk scored 23 points and hit a jumper with 3.6 seconds left as Arkansas beat Tennessee 80-79 on Monday to hand the Lady Vols their fifth straight loss, their longest skid in nearly half a century. Tennessee (12-6, 1-5 SEC) last dropped five straight games in 1970. The Lady Vols […]
Tags: News, Sports, Arkansas, Tennessee, SEC, Knoxville, Tenn AP, Lady Vols, Malica Monk


Government Shutdown’s Reverse Mortgage Impact, Big and Small

The partial shutdown of the United States federal government that is currently in effect has become the longest one in history, ending its 30th consecutive day on Monday and having widespread ramifications for over 800,000 federal workers and dozens of federal agencies. While direct ramifications to the production of reverse mortgage business have been minimal according to originators, the shutdown’s effects on different aspects of reverse business can still be felt, particularly when looking...
Tags: Featured, Congress, Washington, Finance, White House, Regulation, United States, New York Times, Hud, SEC, Products, Aba, U.s. Government, Freddie Mac, FHA, Urban Institute


TenEleven Ventures to raise second venture-capital fund

TenEleven Ventures has set out to raise a second venture-capital fund, according to a filing with the SEC. No target was stated. The cyber-security-focused firm is run by founders Alex Doll, a digital-security entrepreneur and son of DCM Ventures co-founder Dixon Doll, and investor Mark Hatfield. The filing is available here.  
Tags: Trends, SEC, Funds, Mark Hatfield, DCM Ventures, TenEleven Ventures, Alex Doll, Dixon Doll


Snap's outgoing CFO reportedly went around Evan Spiegel's back to ask for more money but failed

Snap's CFO Tim Stone is leaving the company after trying to ask for more money behind CEO Evan Spiegel's back, Bloomberg reports. People familiar with the matter told Bloomberg that Stone appealed directly to the board for a raise, which he was denied. Stone was only in the job for eight months, but will stay on until Snap's Q4 earnings call in February. Snap, the parent company behind Snapchat, revealed on Tuesday that it was losing its chief financial officer Tim Stone after just eight mont...
Tags: Google, Instagram, Trends, Bloomberg, Snapchat, Imran Khan, SEC, Evan Spiegel, Khan, Snap, Stone, SPIEGEL, Bobby Murphy, Tim Stone, Jared Grusd, Jeremi Gorman


Scottish Episcopal Church continues to face dissent from marriage equality decision

In 2017, The Scottish Episcopal Church (SEC) concluded a long process that allowed for marriage equality in the church. The decision put the decision on same sex marriage upon the conscience of individual congregations and clerics. It was designed to allow space for disagreement on the issue, while hopefully holding the church together.   Westhill Community Church, Aberdeen Some conservative congregations and clerics though, have found that compromise unbearable and have opted to leave the c...
Tags: Scotland, Church, Religion, Aberdeen, Ferguson, SEC, Jesus, Christ, Anglican Communion, Episcopal Church, Orkney, Sydney Australia, GAFCON, The Lead, Ian Ferguson, Westhill


Longwood targets $75 mln for fifth fund

Longwood Fund is seeking to raise $75 million for its fifth fund, according to an SEC filing. The Boston-based firm invests in “science-based companies that develop novel solutions for important medical problems.”
Tags: Boston, Trends, Healthcare, SEC, Funds, Longwood, Longwood Fund


As Whirlpool (WHR) Share Price Declined, Cubic Asset Management Has Upped Stake by $791,190; Gallagher Fiduciary Advisors Lowered Dover Corp. (DOV) Holding by $679,360; Stock Price Declined - The FinExaminer

   The FinExaminer Cubic Asset Management Llc increased its stake in Whirlpool Corp (WHR) by 16.6% based on its latest 2018Q3 regulatory filing with the SEC. Cubic Asset ...
Tags: Seo, SEC, Whirlpool Corp WHR, FinExaminer Cubic Asset Management Llc, Gallagher Fiduciary Advisors Lowered Dover Corp


United States: U.S. Bitcoin And Treasury Trust Files SEC Registration Statement - Cadwalader, Wickersham & Taft LLP

The U.S. Bitcoin and Treasury Investment Trust (the "Trust") filed a registration statement with the SEC for an initial public offering of the Trust's common shares.
Tags: News, United States, SEC, Taft LLP


United States: MSRB Provides Additional Information On Municipal Securities Disclosure Rule Compliance - Cadwalader, Wickersham & Taft LLP

The MSRB provided additional support to help market participants comply with SEC amendments to Exchange Act Rule 15c2-12 that require municipal securities issuers and obligated persons to disclose material financial obligations to investors.
Tags: News, United States, SEC, Taft LLP, MSRB


Thanks to Hulu, Disney lost $580 million last fiscal year

The streaming media business is tough. Disney, which has a 30 percent stake Hulu, saw losses of $580 million last fiscal year, according to an SEC filing. This was, the SEC filing states, “primarily due to a higher loss from our investment in Hulu, partially offset by a favorable comparison to a loss from BAMTech in the prior year.” BAMTech is the streaming technology that powers ESPN+ and other services. In total, streaming accounted for more than $1 billion in losses for Disney last fiscal ...
Tags: TC, Entertainment, Disney, US, Tech, Netflix, SEC, Espn, Hulu, Streaming Media, Fox Disney, Hulu Disney


TechCrunch Conversations: Direct listings

Last April, Spotify surprised Wall Street bankers by choosing to go public through a direct listing process rather than through a traditional IPO. Instead of issuing new shares, the company simply sold existing shares held by insiders, employees and investors directly to the market – bypassing the roadshow process and avoiding at least some of Wall Street’s fees. That pattens is set to continue in 2019 as Silicon Valley darlings Slack and Airbnb take the direct listing approach. Have we reach...
Tags: Amazon, TC, Spotify, NYC, Finance, Government, Ipo, Funding, US, Tech, Banking, Policy, Netflix, Pandora, Zynga, Credit Suisse


Following a record year, Illinois startups kick off 2019 on a strong foot

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor Global VC market sees highest-ever concentration of supergiant dollar volume in Q4 2018 SoftBank’s Vision Fund inches closer to $100B Illinois’s startup market in 2018 was very strong, and it’s not slowing down as we settle into 2019. There’s already almost $100 million in new VC funding announced,...
Tags: Startups, TC, Column, Boston, Softbank, Tech, Walmart, Chicago, Venture Capital, SEC, Lincoln, North America, Illinois, Crunchbase, Bringg, Bay Area


MoviePass Refuses to Die, Introduces Three-Tiered Pricing Structure

If you thought we left MoviePass behind with 2018, you’d be wrong. The embattled ticketing service is not going down without a fight, and its latest battle de jour are new pricing tiers that will entice new and old subscribers back to the app. But the MoviePass three-tiered pricing structure may not be the deal that it promises to be (what’s new?). And in the meanwhile, MoviePass’ parent company Helios and Matheson Analytics further distances itself from the ticketing service (again, what’s new...
Tags: Movies, New York City, Los Angeles, SEC, Moviepass, Helios, Milwaukee Wisconsin, Matheson, Business and Industry News, Matheson Analytics, Helios And Matheson Analytics, Charles Barfield


Paradice Investment Management Has Lowered Its International Speedway (ISCA) Holding as Share Value Declined; Cubic Asset Management Has Boosted Position in Whirlpool (WHR) by $791,190 - The FinHeadLines

   The FinHeadLines Cubic Asset Management Llc increased its stake in Whirlpool Corp (WHR) by 16.6% based on its latest 2018Q3 regulatory filing with the SEC. Cubic Asset ...
Tags: Seo, SEC, Whirlpool WHR, Whirlpool Corp WHR, FinHeadLines Cubic Asset Management Llc


New York State Teachers Retirement System Has Boosted By $424,320 Its American Axle & Mfg Hldgs (AXL) Stake; TESCO PLC ORD ORDINARY SHARES (TSCDF) Shorts Increased By 2.25% - The FinExaminer

   The FinExaminer New York State Teachers Retirement System increased American Axle & Mfg Hldgs Inc (AXL) stake by 36% reported in 2018Q3 SEC filing. New York State ...
Tags: Shopping, Tesco, SEC, Mfg Hldgs AXL, American Axle Mfg Hldgs Inc AXL


Mississippi’s Kermit Davis takes long road to SEC success

OXFORD, Miss. (AP) — Mississippi’s Kermit Davis is getting another crack at a big-time men’s basketball coaching job nearly 30 years after the lowest point in his career. Two months into the season, Davis has the Rebels in the Top 25 for the first time since 2013. It’s been a long road back to the […]
Tags: News, Mississippi, Davis, College sports, SEC, OXFORD Miss AP, Kermit Davis


Outdoorsy’s Big Haul & Other Startup Fundraising in TX Tech News

Let’s catch up with the latest innovation news in Texas.—TeVido, an Austin biotech, has raised $1.2 million to help fund a new facility in which the company can use a patient’s own cells to create personalized pigment cell grafts to treat vitiligo, a loss of skin color that affects about 1 percent of the world’s population. Investors included the Texas Halo Fund, the Central Texas Angel Network, and Life Science Angels. TeVido, which is commercializing technology from the University of Texas at...
Tags: Texas, Breast Cancer, Funding, Trends, Tech, Investment, E-commerce, App, Online, Vc, Commercialization, Austin, Venture Capital, Dallas, SEC, Houston


Tesla to cut 3,100 jobs as Musk sees ‘difficult’ road ahead

Elon Musk is cutting Tesla Inc.’s workforce by 7 percent — or more than 3,000 jobs — warning that the “road ahead is very difficult” in making electric cars more affordable for the mass market. Tesla shares fell as much as 7.7 percent shortly after the start of regular trading. Musk wrote in a blog post that the Palo Alto-based company managed to eke out a profit in the final three months of 2018, though narrower than the hard-won third-quarter earnings it reported in October. Tesla is under pre...
Tags: Europe, Business, Elon Musk, Mississippi, China, Tesla, Sport, Palo Alto, Frankfurt, Soccer, Ford, SEC, Jaguar Land Rover, Audi, Nissan, Morgan Stanley


WIRTW #538 (the “drones” edition)

OSHA is now using camera-carrying drones to investigate outdoor workplaces. The good news? Use is intended to be limited to areas that are otherwise difficult and dangerous for OSHA inspectors to access. Plus, OSHA will not use them without an employer's consent. The bad news? Employers that withhold consent could face OSHA's ire and a search warrant. Plus, the program lacks any protections for things like scope of recording, employee privacy, or third-party access to the video. You can more abo...
Tags: Google, Law, United States, Connecticut, Hilton, Poland, SEC, Ohio, Huawei, Nlrb, Joe, Robin, Engadget, EEOC, Dave Buster, Eric Meyer


ShapeShift forced to ‘help’ police with 60 cryptocurrency inquiries last year

Prominent cryptocurrency exchange service ShapeShift has disclosed the number of times it been forced to give up information about its users to international authorities. In a blog post, ShapeShift revealed it has “assisted” law enforcement agencies with 60 different inquires last year, 30 percent of which came from the United States. A significant number of enquiries made by authorities from Germany, the UK, and France were also recorded. The FBI and the SEC were noted as the most common US age...
Tags: Startups, UK, France, Germany, US, Fbi, United States, SEC, Cryptocurrency, Blockchain, ShapeShift, Hard Fork


No. 3 Tennessee dominant through first weeks of SEC schedule

Here are a few things to watch in Southeastern Conference basketball this week: GAME OF THE WEEKEND No. 12 Kentucky at No. 14 Auburn: Kentucky (13-3, 3-1 SEC) will be trying to hand Auburn (13-3, 2-1) its first home loss of the season Saturday. Auburn beat Kentucky 76-66 at home last season on its way […]
Tags: News, Kentucky, Sports, Tennessee, SEC, Auburn, Southeastern Conference


WI Watchlist: Fiserv, Promega, Arrowhead, Basic-code, EnSync & More

The biggest news of the week from Wisconsin’s high-tech sectors was by far Brookfield-based Fiserv’s (NASDAQ: FISV) massive $22 billion deal to acquire First Data (NYSE: FDC). Meanwhile, here are some headlines and happenings you might’ve missed:—Basic-code raised nearly $250,000 in equity funding, according to an SEC filing. The Brookfield, WI-based startup, which offers sales analysis and forecasting software, pulled in more than $736,000 in equity financing last February. Founder and preside...
Tags: Deals, Energy, Startups, Trends, Tech, Vc, Software, Wisconsin, Brookfield, SEC, Cleantech, Life Sciences, Resmed, Fiserv, Exabyte, Wisconsin Economic Development Corp


United States: 2019 10-K And Proxy Season: A Couple Of Reminders - Foley Hoag LLP

During this ever-lengthening government shutdown, it's easy to forget that 2018 was a big year for changes to the SEC's disclosure regime, which companies will need to keep in mind as they prepare their 2019 10-Ks and proxy statements.
Tags: News, United States, SEC, Foley Hoag


United States: SEC's Office Of Compliance Inspections And Examinations Announces 2019 Examination Priorities - Shearman & Sterling LLP

Reaching municipal advisors that have never been examined will continue to be a focus.
Tags: News, United States, SEC, Sterling LLP


United States: SEC Brings Enforcement Proceedings On Non-GAAP Financial Disclosure - Proskauer Rose LLP

The company settled the action, agreeing to pay a civil money penalty of $100,000.
Tags: News, United States, SEC, GAAP Financial Disclosure Proskauer Rose LLP


United States: LIBOR Phase-Out—Issues To Consider - Cooley LLP

You may recall that at the end of last year, SEC Chair Jay Clayton and Corp Fin Chief Accountant Kyle Moffatt were warning at various conferences about some of the risks the SEC was monitoring, among them the LIBOR phase-out,
Tags: News, United States, SEC, Corp, Cooley LLP, Jay Clayton, Kyle Moffatt