Stefan Lambauer/iStock Editorial via Getty Images I’ve been following Gol Linhas Aéreas Inteligentes S.A. (OTCPK:GOLLQ) for a while and while many airlines received a buy rating driven by my independent stock valuation model, Gol was not one of those companies. In May 2023, I pointed out that Gol Stock looked like a buy but in…
Circle Internet Financial confidentially filed for an initial public offering (IPO) in the US. It has become known that Circle Internet Financial confidentially filed for an initial public offering (IPO) in the US which can be viewed as one of the steps in its move to become a publicly-traded company. Circle, which is the issuer…
The Nasdaq has submitted an amendment for BlackRock and Valkyrie’s Spot Bitcoin Exchange-Traded Fund (ETF) 19b-4 filings, inching closer to the looming approval deadline this coming Wednesday. The amendment filing comes was the next step forward in the regulatory process, indicating progress in the bid to secure approval from the U.S. Securities and Exchange Commission (SEC). The Nasdaq’s latest amendment filing…
The amended ETF application came after a series of meetings between Grayscale and the SEC in December. Leading asset manager Grayscale Investments has filed an amended S-3 application seeking to convert its Grayscale Bitcoin Trust (GBTC) to a spot Bitcoin ETF. Bloomberg analyst James Seyffart confirmed the reapplication with the Securities and Exchange Commission (SEC)…
FTX highlighted its intention to repay billions of dollars in cash to affected customers. Beleaguered cryptocurrency exchange FTX has announced plans to exit bankruptcy and resolve its year-long financial troubles with victims of the troubled digital asset trading platform, Bloomberg reported Monday. According to the report, FTX is in final discussions with the official creditors…
The filing comes just weeks after it was reported that Moonpay executives were at the centre of a Department of Justice (DoJ) securities fraud investigation. Crypto firm SafeMoon on Thursday, December 14, filed for Chapter 7 bankruptcy, also known as liquidation bankruptcy. The filing was done by attorney Mark Rose in the United States Bankruptcy…
Pando has named the Bank of New York Mellon as the official administrator of the ETF. Swiss asset management company Pando Asset has joined the race for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States. On November 29, the company filed with the country’s Securities and Exchange Commission (SEC), becoming the 13th…
Shein has hired three US-based financial companies – Goldman Sachs, JPMorgan Chase, and Morgan Stanley – as underwriters for the upcoming IPO. Famous Chinese online fashion company Shein has filed to go for an IPO in the United States as part of its efforts to expand its footprint in one of the largest apparel markets…
kynny A Quick Take On Mingteng International Mingteng International Corporation Inc. (MTEN) has filed to raise $11.1 million in an IPO of its ordinary shares, according to an SEC F-1 registration statement. The firm provides a range of industrial casting products for the automobile sector in China. Due to the company’s dropping top line revenue,…
Grayscale officials had previously met with the US SEC representatives to the division of trading and markets to discuss the proposed rule to list and trade GBTC under NYSE Arca. After the United States Department of Treasury purged Binance Holdings Ltd’s operations in the country, the pathway for spot Bitcoin exchange-traded funds (ETFs) was clear….
Per the S-1 filing submitted to the SEC, the iShares Ethereum Trust is designed to reflect the performance of the Ethereum. BlackRock Inc (NYSE: BLK), a top investment asset management firm, has filed for a spot Ethereum Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This comes only a week…
PeopleImages/iStock via Getty Images A Quick Take On UL Solutions Inc. UL Solutions Inc. (ULS) has filed to raise $100 million in an IPO of its Class A common stock, according to an SEC S-1 registration statement. The firm provides testing and certifications for a wide range of products worldwide. UL Solutions Inc. says it…
WeWork has filed to begin bankruptcy proceedings to protect itself as it reorganizes debt in US and Canada only. Co-working space provider WeWork Inc (NYSE: WE) has filed for Chapter 11 bankruptcy in New Jersey federal court. The bankruptcy filing is expected to protect the company from action against landlords and creditors as the company…
The legal battle surrounding Terraform Labs is not without controversy. Terra co-founder Daniel Shin’s lawyer has blamed the “unreasonable operation of the Anchor Protocol and external attacks carried out by Do-hyung Kwon” for the Terra ecosystem’s collapse. The United States Securities and Exchange Commission (SEC) is not backing down in its pursuit of justice regarding…
Justin Sullivan Listen below or on the go on Apple Podcasts and Spotify Rite Aid (RAD) files for Chapter 11 bankruptcy. (00:22) Albemarle (ALB) withdraws $4B offer for Liontown Resources (OTCPK:LINRF). (01:33) Sony (SONY) in talks for potential purchase of Disney’s (DIS) India business – report. (02:04) This is an abridged transcript of the podcast….
WM Motor’s struggle highlights the challenges smaller companies and new startups face in China’s fiercely competitive EV market. China’s electric vehicle (EV) landscape is witnessing a significant development as WM Motor, a notable player in the industry, officially filed for bankruptcy protection in a Shanghai court. The announcement came through a notice published on China’s…
The significance of this IPO is further highlighted when considering the expected global ranking of this offering. Cainiao Smart Logistics Network Ltd, the logistics unit of Alibaba Group Holding Ltd (HKG: 9988) has taken a significant step by submitting its A1 filing to the Hong Kong Stock Exchange, aiming to raise at least $1 billion…
In a bid to douse the fears of users about the safety of their funds, however, the platform has published a compensation plan. A recent filing has revealed that crypto asset platform JPEX is applying to nullify its registration with the Australian Securities and Investment Commission. As contained in the September 20 filing, which was…
Grayscale’s decision to file for an Ether futures ETF comes on the heels of a significant legal victory against the US Securities and Exchange Commission (SEC). Renowned crypto asset manager Grayscale Investments recently filed for a new Exchange-Traded Fund (ETF) that will track Ethereum (ETH) futures, as reported by the Wall Street Journal. Grayscale’s Unique…
FTX’s lawsuit seeks redress for the alleged fraudulent financial activities undertaken by Joseph Bankman and Barbara Fried. In an expected turn of events, the bankrupt FTX Trading Ltd has filed a lawsuit against the parents of its founder and former CEO Sam Bankman-Fried. The lawsuit alleges that Joseph Bankman and Barbara Fried were involved in…
Hashdex’s rivals, such as Ark Invest and 21Shares, have also approached the SEC with their separate applications for spot Ether ETFs. Popular US-based stock exchange Nasdaq has formally filed an application with the Securities and Exchange Commission (SEC) seeking approval to list an Ethereum (Ether) Exchange-Traded Fund (ETF). This innovative investment vehicle is crafted to…
In a move that further legitimizes Bitcoin in institutional finance, the global investment giant Franklin Templeton filed a regulatory Form S-1 with the U.S. Securities and Exchange Commission (SEC) on Monday, seeking approval for a spot Bitcoin ETF. The development comes at a time when the race to launch the first US spot Bitcoin ETF is hotly…
Celsius Network was perhaps one of the worst-hit firms when the crypto winter struck in 2022. Bankrupt crypto lender Celsius Network has accused Indianapolis-based EquitiesFirst Holdings of owing it some undisclosed amounts. That is according to a September 6 adversary complaint that was filed by Celsius. Although sealed, the title of the docket under which…
LaylaBird A Quick Take On RayzeBio, Inc. RayzeBio, Inc. (RYZB) has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm is a clinical-stage biopharma developing radiopharmaceutical treatments for cancer conditions. RYZB has extensive resources to fund its development programs and is backed by…
Evergrande’s affiliate Tianji Holdings and the company’s subsidiary Scenery Journey have also filed for Chapter 15 protection in the US court. Evergrande Group, the Chinese second-largest property developer, has filed for Chapter 15 bankruptcy protection in the Manhattan bankruptcy court. The application would allow Evergrande to protect its assets in the US while it is working on a…
Prime Trust announced its intention to present a series of motions to the court. Prime Trust, a crypto custodian company based in the United States, has officially filed for Chapter 11 bankruptcy protection due to its financial challenges. The filing was made in Delaware on August 15, with the company citing a significant shortfall in…
The DCG filing notes that Silbert and the company “played an insignificant role in the Gemini Earn program”, and Gemini’s allegations of fraudulent behavior don’t hold merit. Venture capital giant Digital Currency Group (DCG) has recently filed a motion for dismissing a lawsuit from crypto exchange Gemini, alleging fraud to the users of its Earn…