W Straits Limited and Global Lights Acquisition Corp. Announce NonBinding Letter of Intent for Potential Business Combination
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W Straits Limited and Global Lights Acquisition Corp. Announce NonBinding Letter of Intent for Potential Business Combination

ByAlice Temper

W Straits Limited (W Straits), a leading international fintech company, and Global Lights Acquisition Corp. (GLAC), a special purpose acquisition company, have signed a nonbinding letter of intent for a potential business combination. Under this agreement, W Straits shareholders will exchange their shares for equity in the combined public company. The companies are currently finalizing…

Wonder Franchises Secures Strategic Acquisition with Boxwood Partners Advisory
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Wonder Franchises Secures Strategic Acquisition with Boxwood Partners Advisory

ByAlice Temper

Wonder Franchises, a subsidiary of Tucker’s Farm Corporation, has successfully completed an acquisition, guided by Boxwood Partners as the exclusive buyside advisor. Boxwood Partners is a boutique investment bank headquartered in Jupiter, Florida with additional offices in Richmond, Virginia. The acquisition forms a key part of Wonder Franchises strategic expansion initiatives to enhance their market…

Big Lots Receives Court Approval for Asset Sale to Nexus Capital Management
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Big Lots Receives Court Approval for Asset Sale to Nexus Capital Management

ByAlice Temper

Big Lots, Inc., one of the nations largest closeout retailers focused on delivering extreme value, announced that it has received court approval to sell substantially all of its assets and ongoing business operations to an affiliate of Nexus Capital Management LP. This sale is anticipated to close in early December and marks a significant step…

OpenYield Secures Additional Funding to Expand Bond Market Platform
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OpenYield Secures Additional Funding to Expand Bond Market Platform

ByAlice Temper

OpenYield Inc., the operator of the FINRA and SECregistered OpenYield ATS, announced that it has successfully closed a new funding round. This round aims to further the companys mission to modernize the bond market by providing brokerages, advisors, and asset managers with improved access to this asset class. The most recent fundraise was led by…

Empyrean Solutions Secures Strategic Investment from Hg to Fuel Innovation and Expansion
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Empyrean Solutions Secures Strategic Investment from Hg to Fuel Innovation and Expansion

ByAlice Temper

Empyrean Solutions, a leading provider of risk and performance management software for financial institutions, has announced a significant strategic investment from Hg, a prominent investor in European and North American software businesses. This investment aims to empower Empyrean to accelerate its product roadmap investments, particularly in Office of the CFO software solutions tailored specifically for…

Visa Foundation Awards $500,000 Grant to Operation HOPE to Boost Financial Inclusion Efforts
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Visa Foundation Awards $500,000 Grant to Operation HOPE to Boost Financial Inclusion Efforts

ByAlice Temper

Description of the Company Receiving the Funding: Operation HOPE is a national nonprofit organization established in 1992 with the mission of closing the racial wealth gap. It provides nocost financial counseling services such as Credit and Money Management, Home Ownership, and Small Business Entrepreneurship to primarily low and moderateincome communities across the United States. What…

SolomonEdwards Completes Acquisition of Dominion Advisory Group
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SolomonEdwards Completes Acquisition of Dominion Advisory Group

ByAlice Temper

SolomonEdwards, a national professional services firm, has completed the acquisition of Dominion Advisory Group (DAG), a U.S.based advisory firm specializing in antimoney laundering (AML) and financial crime consulting. Founded in 2005, DAG is renowned for delivering highquality services to help clients develop, operate, and enhance AML and financial crime mitigation programs. This acquisition bolsters SolomonEdwards…

GrafTech International Ltd. Announces Exchange Offers and Consent Solicitations for Senior Secured Notes
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GrafTech International Ltd. Announces Exchange Offers and Consent Solicitations for Senior Secured Notes

ByAlice Temper

GrafTech International Ltd. is a leading manufacturer of highquality graphite electrode products, crucial for electric arc furnace steel production, as well as other ferrous and nonferrous metals. The company has initiated exchange offers and consent solicitations for senior secured notes due 2028. This financial restructuring aims to replace existing notes with new notes due 2029,…

Frazier Healthcare Partners Closes $2.3 Billion Healthcare Growth Buyout Fund XI
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Frazier Healthcare Partners Closes $2.3 Billion Healthcare Growth Buyout Fund XI

ByAlice Temper

Frazier Healthcare Partners, a healthcare private equity firm, has announced the closing of its latest flagship fund, Frazier Healthcare Growth Buyout Fund XI, L.P. (FHGB XI), after reaching its hard cap of $2.3 billion within six months. This fund will focus on acquiring controlling interests in middlemarket healthcare companies. The funding saw strong investment from…

Cardo AI Raises $15 Million in Series A Round to Expand U.S. Operations
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Cardo AI Raises $15 Million in Series A Round to Expand U.S. Operations

ByAlice Temper

Cardo AI, a nextgeneration assetbased finance and private credit technology platform, has successfully completed its $15 million Series A funding round. The round was coled by Blackstone Innovations Investments, FINTOP Capital, and JAM FINTOP, with participation from Andy Horwitz and Kevin MacDonald, cofounders of Black Mountain Systems. The funding will support Cardo AIs expansion into…