LOS ANGELES–(BUSINESS WIRE)–Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), the air mobility platform transforming regional flying through electrification, today announced that it entered into a binding term sheet related to the potential issuance of a mandatory convertible debenture to GEM. The proceeds will be comprised of the cancellation of certain shares of the Company’s common stock previously issued or issuable to GEM. The Company, in consultation with its Board of Directors, elec
Month: December 2023
The Most Dangerous People on the Internet in 2023
From Sam Altman and Elon Musk to ransomware gangs and state-backed hackers, these are the individuals and groups that spent this year disrupting the world we know it.
From Sitzer to Moehrl, 2023 was the year of commission confusion
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn’t the only lawsuit with commissions in the crosshairs.
Bata India receives Rs 60 crore notice from sales tax authorities
The notice dated December 27, 2023, pertains to several issues raised in a final audit report on December 25, for the 2018-19 financial year, according to the filing
Avolon Reduces Interest Rate in Extension and Consolidation of US$2.3 Billion Term Loan B Facility
DUBLIN–(BUSINESS WIRE)–Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces the consolidation of the US$656 million TLB-5 tranche and US$1.68 billion TLB-6 tranche of its senior secured Term Loan B facility (the ‘Facility’) into one US$2.33 billion TLB-6 tranche. The combined TLB-6 priced at SOFR plus 2.00% with a SOFR floor of 0.50%, a reduction from the TLB-5 pricing of SOFR plus 2.35% (2.25% margin + 0.10% Credit Spread Adjustment) and the TLB-6 pricing
American Scandal: Alexander Hamilton’s Great Grandson Falls Prey to a Courtesan Con Artist
In a tabloid story that shook the nation, Robert Ray Hamilton was blackmailed into marrying a New York City sex worker.
Higher Interest Rates Hit Nontraded REIT Fundraising and Valuations
Even the Emergence of New REITs Can’t Counter Investors’ Shift Away From Property
Merchandise Returns Rise, Intel Expands Chip Plant Development to Israel, US Property Tax Revenue Climbs
What You Need To Know To Start Your Day
INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Driven Brands Holdings Inc. (DRVN) Investors
BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Driven Brands Holdings Inc. (“Driven” or the “Company”) (NASDAQ: DRVN) common stock between October 27, 2021, and August 1, 2023, inclusive (the “Class Period”). Driven investors have until February 20, 2024 to file a lead plaintiff motion. Investors suffering losses on their Driven investments are encouraged to contact the Law Offices of Howar
The Employee Retention Tax Credit Is the Biggest Covid Scam
The pandemic tax break was supposed to cost $55 billion. The bill so far: $230 billion, and rising.