SCOTTSDALE: Carlisle Companies Incorporated announced the termination of its previously announced agreement to acquire Draka Fileca SAS from Prysmian SpA. Chris Koch, Chairman and Chief Executive Officer, said “While we were enthusiastic about completing the transaction, unfortunately, the COVID-19 pandemic contributed to the delay in timely receiving the necessary regulatory approval. While disappointed, we remain…
FCPT acquires Big O Tires property for $2.7 million
MILL VALLEY: Four Corners Property Trust (FCPT), a real estate investment trust, announced the acquisition of a corporate-operated Big O Tires property for $2.7 million. The lease is guaranteed by TBC Corporation, one of the largest independent tire retailers in the U.S. TBC operates or franchises 2,383 retail locations across its various brands, which include…
Cannae Holdings announces $75mn investment in Trebia Acquisition Corp
LAS VEGAS: Cannae Holdings Inc. has strategically entered into a forward purchase agreement with Trebia Acquisition Corp. in which Cannae, as an anchor investor and a founding member of the Sponsor Group, will purchase an aggregate of 7,500,000 Class A ordinary shares of Trebia, plus an aggregate of 2,500,000 redeemable warrants to purchase one Class…
The Very Good Food Company concludes a successful first trading day on CSE
VANCOUVER: The Very Good Food Company Inc. (VGF) announced the successful completion of its first day trading as a public company. Mitchell Scott CEO said: “We were very pleased to see investors welcome our company to the public markets with open arms. After months of preparation for our public listing, we can all breathe a…
TraceSafe announces $10mn brokered private placement led by Canaccord Genuity
TORTOLA: TraceSafe Inc. has entered into an agreement with Canaccord Genuity Corp. to act as lead agent and sole bookrunner to sell, by way of private placement on a commercially reasonable efforts basis, up to 10 million units of the company at a price of $1.0/unit for gross proceeds of up to $10 million. Each…
Flow Metals completes Canadian Securities Exchange listing
VANCOUVER: Flow Metals Corp. has satisfied the listing requirements of the Canadian Securities Exchange and its common shares are being listed with commencement of trading effective June 22, 2020, under the symbol “FWM”. The Company has 20,266,315 shares issued and outstanding. The Company’s listing statement has been filed on SEDAR, and on the CSE website….
AM Best affirms credit ratings of Solen Versicherungen and Noble Assurance Company
LONDON: American rating agency AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Switzerland based Solen Versicherungen AG (SVAG) and Texas based Noble Assurance Company with stable outlook. The ratings reflect SVAG’s balance sheet strength, which AM Best categorises as very strong, as well…
AM Best revises issuer credit rating outlook to negative for Navigators International Insurance Company
LONDON: AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term ICR of “a+” of UK based Navigators International Insurance Company Ltd. (NIIC) with a stable outlook. These Credit Ratings reflect NIIC’s balance sheet strength,…
Primewest announces acquisition of manager of Vital Harvest Trust, strategic co-investment
PERTH: Primewest Group acquired a 100% interest in GoFARM Asset Management Pty Ltd for $10 million. GoFARM is the manager of ASX listed, Vitalharvest Freehold Trust (VTH). Primewest has separately acquired an 11.8% strategic interest in VTH. Primewest has also acquired a right of first refusal over a further 6.2% interest in VTH, subject to…
Li-S Energy makes $1.73mn investment in Zeta Energy
PERTH: PPK Group Limited announced that Li-S Energy has agreed to make an investment of USD $1.73 million into Zeta Energy LLC, a U.S. based battery technology company. Zeta holds leading technology focused on the commercialisation of energy packs using Graphene Carbon Nanotubes and Lithium Sulphur. This technology addresses some future battery market initiatives in…
Global expansion continues as Sienna enters Greek market with hTERT IVD
MELBOURNE: Sienna Cancer Diagnostics Ltd, a medical technology, announced the appointment of Aenorasis S.A as its exclusive distributor in Greece and Cyprus. The distribution agreement provides Aenorasis with the right to sell Sienna’s hTERT IVD to pathology laboratories where it will be used to assist in the diagnosis of bladder cancer. Aenorasis is a Greek…
Visa launches ‘WYSM’ initiative in partnership with Daraz
KARACHI: Visa, the world’s leader in digital payments, has launched their ‘Where You Shop Matters’ (WYSM) initiative in Pakistan with Alibaba’s Daraz, the country’s leading online marketplace. The small-and-medium enterprises (SME) sector, which accounts for 40% of Pakistan’s GDP, has been hardest hit by the COVID-19 pandemic due to the slump in commercial and trade…