Wardwell

Cipher Mining Announces Leadership Team Promotions

Retrieved on: 
Monday, March 20, 2023
Morgan Stanley, Wardwell, Fintech, Iona University, CFA, General counsel, Lehman Brothers, University of British Columbia, Morgan, Lewis & Bockius, Magnetar Capital, DePaul University, Mentorship, Institute of Chartered Financial Analysts of India, LL.B, Goldman Sachs, Business administration, Documentation, Partner, Project management, University, Corporation, Deutsch, Morgan, Growth, Cryptocurrency, Management, Cipher

NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a leading developer and operator of bitcoin mining data centers, today announced that Patrick Kelly and Will Iwaschuk have been promoted to Co-President, and that Olivia Stennett has been promoted to Chief Administrative Officer.

Key Points: 
  • As Co-Presidents, Mr. Kelly and Mr. Iwaschuk will lead and scale Cipher’s growth and business operations, including bitcoin mining and potential adjacent opportunities.
  • “At all levels, Cipher’s team is its greatest competitive advantage, and we are fortunate to have all three of these talented leaders,” said Mr.
  • They have been part of the executive management team at Cipher since well before we went public, and they have been instrumental in growing Cipher from a greenfield startup to one of the largest bitcoin mining companies in the world.”
    “Everyone at Cipher has been quietly working hard to get to this exciting stage of the Company’s growth.
  • I am grateful for the opportunity to work with this talented team as we expand our opportunities and impact,” said Mr. Iwaschuk.

Faraday Future Plans to Host an Annual Meeting of Stockholders on April 14, 2023, Appoints Ms. Li Han to the Board of Directors

Retrieved on: 
Friday, March 17, 2023
Automotive Manufacturing, EV, Electric Vehicles, Automotive, Technology, Manufacturing, Semiconductor, General Automotive, Autonomous Driving, Vehicles, Apps, Applications, Alternative Vehicles, Fuels, Electronic Design Automation, Columbia University, SOD, Wardwell, LLP, University, Proxy statement, Shareholder, General counsel, Shanda, Disclosure, Annual Meetings of the International Monetary Fund and the World Bank Group, Proxy, Attention, Faraday Future, SOP, Oliver Cromwell, Terminal Productivity Executive, Partner, Myers, Fudan University, O'Melveny & Myers, Annual general meeting, Sullivan & Cromwell, Security (finance), FF, FF91, Cryptocurrency, Holding company

Matthias Aydt stepped down as a member of the Board and the Board appointed Li Han to replace Mr. Aydt effective March 13, 2023.

Key Points: 
  • Matthias Aydt stepped down as a member of the Board and the Board appointed Li Han to replace Mr. Aydt effective March 13, 2023.
  • The Company thanks Mr. Aydt for his valuable service as a member of the Board and his continued dedication to the Company.
  • Since January 2022, Ms. Li Han has served as General Counsel of Mirana Corp., a global investment firm that focuses on Web3 technologies.
  • If you plan to attend the Annual Meeting, please refer to the attendance and registration information in the Proxy Statement.

WeWork Announces Comprehensive Agreement To Significantly Deleverage Capital Structure and Bolster Liquidity For Continued Growth

Retrieved on: 
Friday, March 17, 2023
Professional Services, Other Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Wardwell, LLP, Kirkland & Ellis, PJT Partners, Bank statement, WeWork, BlackRock, Form 10-K, EBITDA, SoftBank Group, Annual report, King Street Capital Management, NYSE, Weil, Gotshal & Manges, Security (finance), Cryptocurrency, Bookkeeping

Broad support for the comprehensive agreement demonstrates investors’ and stakeholders’ conviction in WeWork’s business plan and growth strategy.

Key Points: 
  • Broad support for the comprehensive agreement demonstrates investors’ and stakeholders’ conviction in WeWork’s business plan and growth strategy.
  • In the past several quarters, WeWork has demonstrated consistent material growth in all key financial and operational metrics.
  • At year-end 2022, memberships for WeWork All Access and On Demand grew to approximately 70,000, an increase of 56% year-over-year.
  • As a result, WeWork achieved Adjusted EBITDA profitability for the first time in company history in December 2022.

HNI Corporation to Acquire Kimball International

Retrieved on: 
Wednesday, March 8, 2023
Home Goods, Construction & Property, Office Products, Other Manufacturing, Building Systems, Manufacturing, Retail, Residential Building & Real Estate, Kimball International, Webcast, NYSE, Workplace, Growth, HNI, Wardwell, KBAL, VWAP, Health, EBITDA, Calendar, Rothschild & Co, LLP, Family, Kimball, HNI Corporation, Security (finance), Management

HNI Corporation (NYSE: HNI) and Kimball International, Inc. (NASDAQ: KBAL) today announced that they have entered into a definitive agreement under which HNI will acquire all the outstanding shares of Kimball International in a cash and stock transaction valued at approximately $485 million.

Key Points: 
  • HNI Corporation (NYSE: HNI) and Kimball International, Inc. (NASDAQ: KBAL) today announced that they have entered into a definitive agreement under which HNI will acquire all the outstanding shares of Kimball International in a cash and stock transaction valued at approximately $485 million.
  • Under the terms of the agreement, Kimball International shareholders will receive $9.00 in cash and 0.1301 shares of HNI common stock for each share of Kimball International common stock they own.
  • We look forward to welcoming the talented Kimball International employees to HNI,” said Jeff Lorenger, HNI’s Chairman, President, and Chief Executive Officer.
  • HNI and Kimball International share similar cultures and values with a commitment to customer service and operational excellence.

Oculis Announces US Public Listing on NASDAQ

Retrieved on: 
Friday, March 3, 2023
Credit Suisse, BofA Securities, Neuro, SA, Wardwell, Patient, Ophthalmology, Telecanthus, PIPE, DED, Pivotal, Early Bird, SVB, PwC, Coronavirus Scientific Advisory Board, Upsizing (database), AON, Cooley, Retina, Neuro-ophthalmology, SVB Securities, Shearman & Sterling, LSP, Arctica Finance, DME, Probability, Prospectus, Acquisition, Risk, Maples Group, Physician, Pharmaceutical industry, Fine chemical, Management, Security (finance), Pecten oculi

From today, Oculis’ shares will trade on the Nasdaq Stock Market under the ticker symbol “OCS”.

Key Points: 
  • From today, Oculis’ shares will trade on the Nasdaq Stock Market under the ticker symbol “OCS”.
  • Upon closing, Oculis had a pro-forma enterprise value of approximately $220 million and a cash balance exceeding $117 million, prior to payment of final transaction costs.
  • Riad Sherif MD, CEO of Oculis, commented: “Listing on the Nasdaq Stock Market is a major corporate milestone for Oculis and its investors.
  • It is a confirmation of the potential of Oculis’ pipeline to bring significant value for patients, physicians and investors.

MVB Completes Sale of Chartwell to Ankura

Retrieved on: 
Wednesday, March 1, 2023
Professional Services, Other Professional Services, Legal, Finance, Fintech, Consulting, Banking, MVB, Family, Senior, Partnership, Growth, Wardwell, Chartwell, Sale, Risk management, Cryptocurrency, Audit, Forensic science

MVB Bank, Inc. (“MVB Bank”), a wholly-owned subsidiary of MVB Financial Corp. (“MVB Financial,” “MVB”) (NASDAQ: MVBF), today announced that Ankura Consulting Group, LLC (“Ankura”), a leading global expert services and advisory firm, has acquired Chartwell Compliance (“Chartwell”), a leading global regulatory compliance and risk management firm and wholly-owned subsidiary of MVB Bank.

Key Points: 
  • MVB Bank, Inc. (“MVB Bank”), a wholly-owned subsidiary of MVB Financial Corp. (“MVB Financial,” “MVB”) (NASDAQ: MVBF), today announced that Ankura Consulting Group, LLC (“Ankura”), a leading global expert services and advisory firm, has acquired Chartwell Compliance (“Chartwell”), a leading global regulatory compliance and risk management firm and wholly-owned subsidiary of MVB Bank.
  • Since joining MVB Bank in 2019, Chartwell has deepened its advisory expertise and capabilities, more than tripled its revenue and headcount, and positioned itself for continued strong growth.
  • Chartwell is an industry leader and has expanded in new and creative ways, and we believe Chartwell will continue to thrive as part of the Ankura team.
  • MVB Bank will remain a Chartwell client,” said Larry F. Mazza, MVB CEO.

Chartwell Joins Ankura to Bolster Global Banking and Fintech Compliance Advisory Services

Retrieved on: 
Wednesday, March 1, 2023
BSA/AML, Family, MVB, Senior, Partnership, Compass Group, AFC, Bank, Risk, Growth, Wardwell, Chartwell, Risk management, Cryptocurrency, Audit, Fintech, Forensic science

NEW YORK, March 1, 2023 /PRNewswire/ -- Ankura Consulting Group, LLC ("Ankura"), a leading global expert services and advisory firm, today announced that it has acquired Chartwell Compliance ("Chartwell"), a leading global regulatory compliance and risk management firm that is a wholly-owned subsidiary of MVB Bank, Inc. held by MVB Financial Corp. (NASDAQ: MVBF) ("MVB", "MVB Financial"). The addition of Chartwell expands Ankura's Global Anti-Financial Crime (AFC) Practice across a wide range of banking and financial technology (Fintech) businesses, addressing a crucial need for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regulatory and compliance programs among mid-market banks, cryptocurrency and blockchain platforms, venture capital firms and payment solution providers.

Key Points: 
  • NEW YORK, March 1, 2023 /PRNewswire/ -- Ankura Consulting Group, LLC ("Ankura"), a leading global expert services and advisory firm, today announced that it has acquired Chartwell Compliance ("Chartwell"), a leading global regulatory compliance and risk management firm that is a wholly-owned subsidiary of MVB Bank, Inc. held by MVB Financial Corp. (NASDAQ: MVBF) ("MVB", "MVB Financial").
  • Chartwell's services and expertise are a great fit for Ankura, and we will continue to have a trusted partnership moving forward.
  • "The addition of Chartwell provides Ankura with a clear market differentiator by allowing us to offer banking and Fintech compliance services that are uniquely complementary to our investigations, litigation, and oversight offerings," said Steven Richards , Senior Managing Director and Global Leader of Ankura's Risk, Forensics, & Compliance Group.
  • "My colleagues and I are incredibly excited to welcome Jonathan, Sherry, and the entire Chartwell team to Ankura," said Kevin Lavin , Chief Executive Officer of Ankura.

Lavoro and TPB Acquisition Corporation I Announce Completion of Business Combination

Retrieved on: 
Tuesday, February 28, 2023
Professional Services, Retail, Agriculture, Specialty, Finance, Natural Resources, Carbon, Crop protection, Profit (economics), White, White & Case, Food, Disease, Farmer, Health, Acquisition, Barclays Capital Inc. v. Theflyonthewall.com, Inc., Cooley LLP, Incorporated, Growth, Production board, TPB, War Production Board, Soil, Farm, Business analyst, Water, Wardwell, Limited, Banca Nazionale del Lavoro, Stifel

Lavoro Limited (“Lavoro” or the “Company”), the largest agricultural inputs retailer in Brazil, and TPB Acquisition Corporation I (“TPB Acquisition Corp.” or “TPBA”) (Nasdaq: TPBA, TPBAW, TPBAU), a special purpose acquisition company sponsored by The Production Board (“TPB”), today announced the completion of their previously announced business combination (the “Business Combination”).

Key Points: 
  • Lavoro Limited (“Lavoro” or the “Company”), the largest agricultural inputs retailer in Brazil, and TPB Acquisition Corporation I (“TPB Acquisition Corp.” or “TPBA”) (Nasdaq: TPBA, TPBAW, TPBAU), a special purpose acquisition company sponsored by The Production Board (“TPB”), today announced the completion of their previously announced business combination (the “Business Combination”).
  • The Business Combination was approved at an extraordinary meeting of TPBA shareholders on February 22, 2023, and closed on February 28, 2023.
  • “The closing of this transaction and our forthcoming listing on the Nasdaq is a major milestone for our entire Lavoro team,” commented Ruy Cunha, Chief Executive Officer of Lavoro.
  • Lavoro’s vertically-integrated crop inputs business, “Crop Care,” is a major supplier of biologics and specialty fertilizers in Brazil.

Mr. Cooper Group Names Chief Legal Officer

Retrieved on: 
Wednesday, February 22, 2023
Professional Services, Other Professional Services, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, Banking, The Fletcher School at Tufts University, Legal executive, University, Tufts University, Davis Polk, Bank of America, Organization, Bank, Diplomacy, Cooper Group, COOP, Multimedia, General counsel, Private practice, Wardwell, Management, Boston College

Mr. Cooper Group Inc. (NASDAQ: COOP) announced today the appointment of Carlos M. Pelayo as Executive Vice President and Chief Legal Officer.

Key Points: 
  • Mr. Cooper Group Inc. (NASDAQ: COOP) announced today the appointment of Carlos M. Pelayo as Executive Vice President and Chief Legal Officer.
  • Pelayo will lead the company’s legal department and corporate governance functions and will serve on the executive leadership team.
  • View the full release here: https://www.businesswire.com/news/home/20230222005987/en/
    Carlos M. Pelayo, Executive Vice President and Chief Legal Officer (Photo: Business Wire)
    “We are pleased to welcome Carlos to the Mr. Cooper Group executive leadership team,” said Jay Bray, Chairman and CEO of Mr. Cooper Group.
  • I look forward to leading a best-in-class legal function and helping the company achieve its growth goals in the years ahead,” said Pelayo.

K&N Announces Significant Reduction of Debt Following Closing of Recapitalization Transaction

Retrieved on: 
Thursday, February 16, 2023
HVAC, Engineering, Manufacturing, Ropes & Gray, Interim, K&N, Partnership, Wardwell, Growth, Crowell, Myers, Security (finance)

On January 3, 2023, K&N announced that it entered into a Restructuring Support Agreement (“RSA”) with 100% of its lenders.

Key Points: 
  • On January 3, 2023, K&N announced that it entered into a Restructuring Support Agreement (“RSA”) with 100% of its lenders.
  • As a result of consummating the recapitalization, a group of institutional investors, through their managed funds, have become majority owners of the Company.
  • “K&N is dedicated to serving its wide range of customers across the world and working collaboratively with its suppliers and vendors.
  • An ad hoc group of second lien lenders was represented by O’Melveny & Myers LLP as legal counsel and Piper Sandler & Co. as financial advisor.