Morgan, Lewis & Bockius

Bruker to Acquire the NanoString Business in an Asset Deal

Retrieved on:

Monday, April 22, 2024

Under the asset purchase agreement, Bruker expects to acquire substantially all of the assets and rights associated with NanoString’s business, including the nCounter®, GeoMx®, CosMx™ and AtoMx™ product lines, for approximately $392.6 million in cash, and the assumption of certain liabilities.

Key Points:

Under the asset purchase agreement, Bruker expects to acquire substantially all of the assets and rights associated with NanoString’s business, including the nCounter®, GeoMx®, CosMx™ and AtoMx™ product lines, for approximately $392.6 million in cash, and the assumption of certain liabilities.
NanoString is a provider of life science tools for discovery and translational research with leading solutions for spatial transcriptomics and gene expression analysis.
Following the closing, the NanoString business will become part of the Bruker Spatial Biology business.
By 2026, Bruker expects the NanoString business to have rebounded and to be near break-even with resumed revenue growth and margin improvements, also taking advantage of deal synergies, as Bruker is not acquiring NanoString’s public company overhead in this asset deal.

GCT Semiconductor Becomes a Publicly Traded Company After Completing Business Combination with Concord Acquisition Corp III, Will Commence Trading on NYSE Under Ticker Symbol "GCTS"

Retrieved on:

Tuesday, March 26, 2024

Semiconductor, IOT (Internet of Things), Technology, Telecommunications, 5G, Hardware, Morgan, Lewis & Bockius, Growth, Atlas, LTE, Internet of things, LLP, GCT, Earnout, DLA Piper

GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, is pleased to announce the completion of its business combination, previously announced on November 3, 2023 with Concord Acquisition Corp III (NYSE: CNDB) (“Concord”) today.

Key Points:

GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, is pleased to announce the completion of its business combination, previously announced on November 3, 2023 with Concord Acquisition Corp III (NYSE: CNDB) (“Concord”) today.
Commencing at the opening of trading on March 27, 2024, GCT common shares and warrants to purchase common shares will be listed on the NYSE under the ticker symbols “GCTS” and “GCTSW,” respectively.
The transaction has provided the combined company with approximately $50 million of gross proceeds to fuel its continued growth.
DLA Piper LLP (US) is acting as legal advisor to TD Cowen and B. Riley Securities, Inc.

IMRI Announces the Promotion of Maronya Moultrie to President

Retrieved on:

Wednesday, March 13, 2024

Information management, Morgan, Lewis & Bockius, Juris, Employment, IMRI, Growth, Partnership, General counsel, History, Business development, University, Senior, Staff augmentation, Marketing, Digital transformation, Human resources, Management

ALISO VIEJO, Calif., March 13, 2024 /PRNewswire-PRWeb/ -- Information Management Resources, Inc. (IMRI) (www.imri.com), an industry leader in Cybersecurity, Digital Transformation, Strategic Business Consulting, and Staff Augmentation, proudly announces the appointment of Maronya Moultrie as its new President. Ms. Moultrie, a highly experienced leader and practicing attorney, will be responsible for shaping IMRI's strategic direction and propelling its future growth.

Key Points:

IMRI announces Maronya Moultrie as its new President, bringing her extensive leadership experience and legal expertise to guide IMRI's strategic direction and future growth in the cybersecurity and technology sectors.
ALISO VIEJO, Calif., March 13, 2024 /PRNewswire-PRWeb/ -- Information Management Resources, Inc. (IMRI) ( www.imri.com ), an industry leader in Cybersecurity, Digital Transformation, Strategic Business Consulting, and Staff Augmentation, proudly announces the appointment of Maronya Moultrie as its new President.
Martha Daniel, CEO of IMRI, said, "Maronya has been an integral part of IMRI's success for nearly 15 years.
"I am honored and excited to take on the role of President at IMRI," said Ms. Moultrie.

B. Riley Securities Announces Sponsors of 24th Annual Institutional Investor Conference

Retrieved on:

Thursday, March 7, 2024

Diabetes, Privately held company, Morgan, Lewis & Bockius, LOS, Research, Fidelity Investments, Protiviti, Conference, Security (finance)

LOS ANGELES, March 7, 2024 /PRNewswire/ -- B. Riley Securities ("B. Riley"), a leading middle market brokerage and investment bank, and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), today announced the initial list of sponsors for its Annual Institutional Investor Conference which will take place on May 22-23 in Beverly Hills, California.

Key Points:

B. Riley's Flagship Conference Will Gather 200 Public and Privately Held Companies Across Variety of Industry Sectors on May 22-23, 2024
LOS ANGELES, March 7, 2024 /PRNewswire/ -- B. Riley Securities ("B. Riley"), a leading middle market brokerage and investment bank, and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), today announced the initial list of sponsors for its Annual Institutional Investor Conference which will take place on May 22-23 in Beverly Hills, California.
In its 24th year, B. Riley's flagship conference gathers more than 200 public and privately held companies across a wide variety of industry sectors.
"Our annual conference has served as a premier investor networking event for over two decades.
Participation in B. Riley's 24th Annual Institutional Investor Conference is by invitation only.

S&P Global agrees to acquire Visible Alpha, enhancing investment research capabilities in S&P Capital IQ Pro Platform

Retrieved on:

Tuesday, February 20, 2024

Slate, Acquisition, Feed, Jefferies Group, Morgan, Lewis & Bockius, Growth, Pleasure, S&P Global, API, SPGI, IHS Markit, LLP, Capital, Alpha, Research, App Store (iOS/iPadOS), Retail

NEW YORK, Feb. 20, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced an agreement to acquire Visible Alpha, the financial technology provider of deep industry and segment consensus data, sell-side analyst models and analytics from high-quality, exclusive sources. The acquisition will create a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence's Capital IQ Pro platform. The combination of Visible Alpha with S&P Capital IQ Pro, the flagship S&P Global platform for research and analysis across institutional and corporate markets, reflects S&P Global's continued commitment to be the foremost provider in this space.

Key Points:

The acquisition will create a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence's Capital IQ Pro platform.
The combination of Visible Alpha with S&P Capital IQ Pro, the flagship S&P Global platform for research and analysis across institutional and corporate markets, reflects S&P Global's continued commitment to be the foremost provider in this space.
"We remain focused on providing our customers outsized value with the very best capabilities," said Adam Kansler, President of S&P Global Market Intelligence.
Jefferies LLC is acting as Visible Alpha's exclusive financial advisor and Morgan, Lewis & Bockius LLP is acting as Visible Alpha's legal advisor.

Grain Management Completes Acquisition of American Arctic Fiber Provider, Quintillion

Retrieved on:

Thursday, February 15, 2024

Acquisition, Morgan, Lewis & Bockius, Alston & Bird, Government, LLP, Digital divide, Internet service provider

WASHINGTON, Feb. 15, 2024 /PRNewswire/ -- Grain Management, LLC ("Grain") , a trusted solutions provider to the broadband and communications industry, announced today that it has completed its acquisition of QSH Parent Holdco LLC ("Quintillion" or the "Company") , the leading provider of fiber-based connectivity in Alaska and the North American Arctic.

Key Points:

WASHINGTON, Feb. 15, 2024 /PRNewswire/ -- Grain Management, LLC ("Grain") , a trusted solutions provider to the broadband and communications industry, announced today that it has completed its acquisition of QSH Parent Holdco LLC ("Quintillion" or the "Company") , the leading provider of fiber-based connectivity in Alaska and the North American Arctic.
The acquisition brings this high-capacity broadband network provider into the Grain network of mission-critical broadband infrastructure and communications businesses.
Quintillion sells broadband connectivity, satellite ground station, and edge processing services to government and commercial telecommunication providers in the North American Arctic.
"The Grain team is excited to get to work alongside the talented leadership team at Quintillion," said Chad Crank, Managing Director at Grain .

NWN Carousel to Accelerate Growth & Innovation in Partnership With American Securities

Retrieved on:

Tuesday, February 6, 2024

"We are excited about continuing our mission to empower North America’s largest organizations with intelligent, flexible workplace experiences, and we look forward to partnering with American Securities to accelerate our next phase of growth.

Key Points:

"We are excited about continuing our mission to empower North America’s largest organizations with intelligent, flexible workplace experiences, and we look forward to partnering with American Securities to accelerate our next phase of growth.
“NWN Carousel’s service innovation, customer intimacy, and outstanding performance track record uniquely positions the Company for growth and value creation as they navigate a dynamic tech landscape,” said Kevin Penn, a Managing Director of American Securities.
Noah Scherz, a Principal of American Securities, added, “The NWN Carousel team’s proven ability to drive strong organic growth, while simultaneously executing and integrating transformational M&A is impressive.
Harris Williams acted as financial advisors and Morgan, Lewis & Bockius LLP served as legal counsel to NWN Carousel and New State.

Axon Accelerates Real-Time Operations Solution with Strategic Acquisition of Fusus

Retrieved on:

Thursday, February 1, 2024

SCOTTSDALE, Ariz., Feb. 1, 2024 /PRNewswire/ -- Axon (Nasdaq: AXON), the global leader in connected public safety technologies, announced today it has acquired Fusus, a global leader in real-time crime center (RTCC) technology. This news builds upon a successful strategic partnership launched in May 2022, marking a decisive leap forward in Axon's mission to Protect Life. This acquisition also further catalyzes Axon's growing presence in retail, healthcare, private security and the federal space.

Key Points:

Fusus' technology propels Axon's real-time operations product roadmap, addressing critical challenges faced in public safety.
"The Fusus team's exceptional prowess will help us to unlock impactful real-time operations capabilities for public safety and businesses worldwide.
Just like Axon, Fusus and its products are built from the ground up with an explicit focus on ethical and equitable design.
Axon was advised by Morgan, Lewis & Bockius LLP and Fusus was advised by Willkie Farr & Gallagher LLP in connection with the transaction.

Freedom Holding Corp. Announces Completion of External Review of Allegations Made in Short-Seller Report

Retrieved on:

Thursday, January 25, 2024

Legal, Commercial Building & Real Estate, Construction & Property, Finance, Banking, REIT, Professional Services, Other Construction & Property, Residential Building & Real Estate, Morgan, Lewis & Bockius, Bank statement, Hindenburg, Hindenburg Research, Sale, IPO, AML, JSC, Growth, Cryptocurrency

Freedom Holding Corp. (the “Company”) (Nasdaq: FRHC) today announced the conclusion of an external review commissioned by the independent members of its board of directors.

Key Points:

Freedom Holding Corp. (the “Company”) (Nasdaq: FRHC) today announced the conclusion of an external review commissioned by the independent members of its board of directors.
The review focussed on the Company’s main operating subsidiaries that were the subject of the allegations as well as on the Company’s affiliate Freedom Securities Trading, Inc. (“FST Belize”).
It was not possible to assess certain of the allegations in the Hindenburg Report because they were dated, vague, or lacking details.
The external review found generally that the allegations in the Hindenburg Report did not take account of important facts and were not supported by evidence.

Republic Capital Group Announces New Chief Operating Officer and Managing Director

Retrieved on:

Thursday, January 11, 2024

Morgan, Lewis & Bockius, Head, General counsel, Insurance, Private practice, Partnership, HR, Information technology

NEW YORK, Jan. 11, 2024 /PRNewswire/ -- Republic Capital Group ("Republic"), a leading independent investment bank that focuses on the wealth and asset management industry and was recently named Boutique Investment Banking Firm of the Year by The M&A Advisor, is proud to announce the promotions of Jim Collins to Chief Operating Officer and Blake Cargill to Managing Director.

Key Points:

NEW YORK, Jan. 11, 2024 /PRNewswire/ -- Republic Capital Group ("Republic"), a leading independent investment bank that focuses on the wealth and asset management industry and was recently named Boutique Investment Banking Firm of the Year by The M&A Advisor, is proud to announce the promotions of Jim Collins to Chief Operating Officer and Blake Cargill to Managing Director.
As Chief Operating Officer, Jim will assume overall responsibility for Republic's operations.
As Managing Director, Blake will continue to work closely with clients while leading the execution of M&A engagements and developing relationships within the industry.
I'm honored to have them as partners," noted John Langston, Republic's Founder and Chief Executive Officer.