Sumathi Best Television Current Reporting Award

Cisco to Acquire Splunk, to Help Make Organizations More Secure and Resilient in an AI-Powered World

Retrieved on: 
Thursday, September 21, 2023
Slate, Acceleration, LLP, Telephone number (mathematics), Conference call, Qatalyst Partners, Calendar, Telephone, Cravath, Swaine & Moore, Morgan Stanley, Great Places, Organization, Simpson Thacher & Bartlett, Share repurchase, Sumathi Best Television Current Reporting Award, Trust, Acquisition, Investment, Skadden, Arps, Slate, Meagher & Flom, SAN, Webcast, CSCO, EPS, Conference, Chair, Security (finance), Management, Network equipment provider, Renewable energy, Cisco, AI, Splunk

SAN JOSE, Calif. and SAN FRANCISCO, Sept. 21, 2023 /PRNewswire/ -- Cisco (NASDAQ: CSCO) and Splunk (NASDAQ: SPLK), the cybersecurity and observability leader, today announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value. Upon close of the acquisition, Splunk President and CEO Gary Steele will join Cisco's Executive Leadership Team reporting to Chair and CEO Chuck Robbins.

Key Points: 
  • The combination of these two established leaders in AI, security and observability will help make organizations more secure and resilient.
  • Our combined capabilities will drive the next generation of AI-enabled security and observability," said Chuck Robbins, chair and CEO of Cisco.
  • "From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient."
  • Organizations need a better way to manage, protect, and unlock data's true value and stay digitally resilient.

Cheche Group Inc. and Prime Impact Complete Business Combination

Retrieved on: 
Monday, September 18, 2023
Insurance, Software as a service, Completeness, 8-K, Sponsor, PIPE, NEV, Form F-4, Business, Business analyst, Sumathi Best Television Current Reporting Award, SAN, Form, CFO, Entrepreneurship, Ecosystem, Security (finance), Cryptocurrency, Cheche

BEIJING and SAN JOSE, Calif., Sept. 18, 2023 /PRNewswire/ -- Cheche Group Inc. ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced the completion of a previously announced business combination (the "Business Combination") with Prime Impact Acquisition I ("Prime Impact") on September 14, 2023.

Key Points: 
  • BEIJING and SAN JOSE, Calif., Sept. 18, 2023 /PRNewswire/ -- Cheche Group Inc. ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced the completion of a previously announced business combination (the "Business Combination") with Prime Impact Acquisition I ("Prime Impact") on September 14, 2023.
  • The announcement of the completion of the Business Combination comes after Prime Impact's shareholders voted to approve the transaction on September 12, 2023 and all remaining closing conditions were met.
  • "We are pleased to announce the completion of our Business Combination with Cheche and are very excited about the Company's future as an innovative technology leader," said Mark Long, Co-Founder, Co-CEO, and CFO of Prime Impact.
  • In addition, Prime Impact Cayman, LLC (the "Sponsor") subscripted for 634,228 Class A ordinary shares of Cheche at $10.00 per share in settlement of the Sponsor's obligations with respect to the payment of certain Prime Impact transaction expenses in connection with the Business Combination.

Research Solutions Announces Cooperation Agreement with Peter Derycz and Bristol Investment Fund, Ltd.

Retrieved on: 
Monday, September 18, 2023
EU–UK Trade and Cooperation Agreement, Employment, Research, Organization, Sumathi Best Television Current Reporting Award, Annual general meeting, Edmonton Investors Group, Cooperation, Security (finance), Management

HENDERSON, Nev. , Sept. 18, 2023 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS) (the "Company"), a trusted partner providing cloud-based workflow solutions to accelerate research for R&D-driven organizations, announced today that it has entered into a cooperation agreement (the "Cooperation Agreement") with Peter Derycz, Bristol Investment Fund, Ltd., Bristol Capital Advisors, LLC and Paul Kessler (collectively, the "Investor Group"), which collectively own 5,921,930 shares of the Company's outstanding common stock.

Key Points: 
  • HENDERSON, Nev. , Sept. 18, 2023 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS) (the "Company"), a trusted partner providing cloud-based workflow solutions to accelerate research for R&D-driven organizations, announced today that it has entered into a cooperation agreement (the "Cooperation Agreement") with Peter Derycz, Bristol Investment Fund, Ltd., Bristol Capital Advisors, LLC and Paul Kessler (collectively, the "Investor Group"), which collectively own 5,921,930 shares of the Company's outstanding common stock.
  • During the term of the Cooperation Agreement, the Investor Group has also agreed to customary standstill provisions and voting commitments.
  • "The Investor Group is appreciative of the collaborative approach taken by the Board in reaching this resolution," said Peter Derycz.
  • A copy of the Cooperation Agreement will be included as an exhibit to the Company's Current Report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission.

SEACOR Marine Announces Comprehensive Refinancing Transaction

Retrieved on: 
Monday, September 11, 2023
Maintenance, Risk, Report, Sumathi Best Television Current Reporting Award, Security (finance), Transport, Credit, NYSE, Farm

John Gellert, SEACOR Marine’s Chief Executive Officer, commented: “I am pleased to announce this refinancing and welcome EnTrust Global as our main secured debt lender.

Key Points: 
  • John Gellert, SEACOR Marine’s Chief Executive Officer, commented: “I am pleased to announce this refinancing and welcome EnTrust Global as our main secured debt lender.
  • This refinancing demonstrates our ability to finance the Company at reasonable terms and strengthen the Company’s capital structure in an improved market.
  • We are excited to establish new lending relationships at a time when most traditional maritime lenders have significantly reduced their exposure to our industry.”
    SEACOR Marine provides global marine and support transportation services to offshore energy facilities worldwide.
  • Additionally, SEACOR Marine’s vessels provide emergency response services and accommodations for technicians and specialists.

Mercury’s Secure Encryptor Now Available for Integration into Military Platforms Across the Defense Industry

Retrieved on: 
Monday, September 11, 2023
Semiconductor, Mercury Systems, Failure, MRCY, Mercury, Marketing, AS9100, Risk, COVID, Government, Organization, NSA, Annual report, Sumathi Best Television Current Reporting Award, Engineering, U.S. Department of Defense Strategy for Operating in Cyberspace, General Dynamics Mission Systems, Silicon, Telescopic sight, Risk management

Now, JDAR will be made available for standalone purchase to the U.S. military organizations and contractors as well as the Five Eyes Alliance.

Key Points: 
  • Now, JDAR will be made available for standalone purchase to the U.S. military organizations and contractors as well as the Five Eyes Alliance.
  • Operating in tactical environments increases the vulnerability of sensitive data, and adversaries can potentially gain access to data that is lost or compromised.
  • JDAR’s NSA type-1 encryption prevents unauthorized personnel from gaining access to inactive classified mission data.
  • The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made.

SEACOR Marine Publishes 2022-2023 Sustainability Report

Retrieved on: 
Thursday, September 7, 2023
United Nations Sustainable Development Group, Maintenance, Welfare, Sustainability reporting, Silent Scope 2, Culture, Workplace, Risk, Conduct, Carbon, Equity, Report, Sustainability accounting, Sustainability, Investment, Infrastructure Sustainability Council of Australia, Sumathi Best Television Current Reporting Award, Diversity, Sustainability Accounting Standards Board, Supplier Code of Conduct, Inclusion, Security (finance), Environment, Policy, Transport, NYSE, Farm, Renewable energy, Risk management, Online shopping

HOUSTON, Sept. 07, 2023 (GLOBE NEWSWIRE) -- SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced that it has published its 2022-2023 Sustainability Report .

Key Points: 
  • HOUSTON, Sept. 07, 2023 (GLOBE NEWSWIRE) -- SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced that it has published its 2022-2023 Sustainability Report .
  • SEACOR Marine’s Chief Executive Officer John Gellert commented: “Our second Sustainability Report highlights our dedication to a greener, more inclusive and socially responsible future.
  • We will continue to build upon these achievements as we strive to create positive and lasting change in our business and the maritime industry.”
    Highlights from SEACOR Marine’s 2022-2023 Sustainability Report include:
    Our Environment: SEACOR Marine is committed to reducing its carbon emissions, conserving resources and minimizing its ecological footprint.
  • SEACOR Marine continues to focus on environmental sustainability through investments in green technology and operational changes to minimize its impact.

Rambus Completes Sale of PHY IP Assets to Cadence

Retrieved on: 
Thursday, September 7, 2023
Data Management, Technology, IOT (Internet of Things), Semiconductor, Apps, Applications, Software, Networks, Internet, Mobile, Wireless, Hardware, Electronic Design Automation, Sale, Security (finance), Silicon, Rambus Inc. v. Nvidia, RMBS, Inc., Cadence Design Systems, Rambus, AI, Sumathi Best Television Current Reporting Award, PHY, 3D printing, Financial adviser, Cryptocurrency

Rambus Inc. (NASDAQ: RMBS ) a premier chip and silicon IP provider making data faster and safer, today announced the completion of the previously announced sale of its PHY IP business to Cadence Design Systems, Inc. With this transaction, Rambus strengthens its focus on high-growth chips and digital IP, including novel memory solutions for high-performance computing, to support the continued evolution of the data center and AI.

Key Points: 
  • Rambus Inc. (NASDAQ: RMBS ) a premier chip and silicon IP provider making data faster and safer, today announced the completion of the previously announced sale of its PHY IP business to Cadence Design Systems, Inc. With this transaction, Rambus strengthens its focus on high-growth chips and digital IP, including novel memory solutions for high-performance computing, to support the continued evolution of the data center and AI.
  • Separately, Rambus affirmed its previously issued guidance for the fiscal quarter ending September 30, 2023, as set forth on the Current Report on Form 8-K furnished with the Securities and Exchange Commission on July 31, 2023.

Surf Air Mobility Files Its Second Quarter Results via Quarterly Report on Form 10-Q and Current Report on Form 8-K

Retrieved on: 
Tuesday, August 29, 2023
Air, Environment, Transport, Transportation, Green Technology, Travel, Pro forma, Surf Air, Government procurement in the United States, G&A, GAAP, Surf Air Mobility, Marketing, Textron Aviation, Sumathi Best Television Current Reporting Award, Acquisition, Electrification, Yoy, Adjustment, NYSE, WalletHub, Fireworks, Sales, Bookkeeping, Southern Airways

Second quarter operating results for Surf Air Mobility were filed today in its regular Quarterly Report on Form 10-Q.

Key Points: 
  • Second quarter operating results for Surf Air Mobility were filed today in its regular Quarterly Report on Form 10-Q.
  • The acquisition of Southern Airways (“Southern”) by Surf Air Mobility closed during the third quarter, on July 27, 2023.
  • As such, the Quarterly Report on Form 10-Q for Surf Air Mobility only reflects the results of Surf Air.
  • Surf Air Mobility today also filed a Current Report on Form 8-K with Southern’s second quarter operating results.

Phunware Announces Purchase Agreement for up to $30 Million with Lincoln Park Capital Fund

Retrieved on: 
Thursday, August 24, 2023
Software as a service, 8-K, Sumathi Best Television Current Reporting Award, Nature, Location, Growth, Security (finance), LPC, Phunware

Phunware will control the timing and amount of any sales to LPC with no upper limits to the price LPC may pay to purchase such common stock.

Key Points: 
  • Phunware will control the timing and amount of any sales to LPC with no upper limits to the price LPC may pay to purchase such common stock.
  • The purchase agreement may be terminated by Phunware at any time, in its sole discretion, without any additional cost or penalty.
  • The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us.
  • These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.

Rubicon Technologies Announces Termination of SEPA; Continued Execution of Strategic Financial Objectives

Retrieved on: 
Tuesday, August 22, 2023
Data Management, Technology, Environmental Health, Utilities, Other Technology, Green Technology, Software, Networks, Environment, Energy, Sustainability, RBT, Sumathi Best Television Current Reporting Award, CFO, YA, Adjustment, NYSE, Recycling, Rubicon

Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of software-based waste, recycling, and fleet operations products for businesses and governments worldwide, today announced the completion of two additional strategic financing objectives.

Key Points: 
  • Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of software-based waste, recycling, and fleet operations products for businesses and governments worldwide, today announced the completion of two additional strategic financing objectives.
  • First, as of August 18, 2023, the Company has terminated its Standby Equity Purchase Agreement (“SEPA”) with YA II PN, LTD. (“Yorkville”).
  • For more information on these transactions please see the Current Reports on Form 8-K filed by the Company on August 11, 2023, and August 21, 2023.
  • Having recently announced a second consecutive quarter of record Adjusted Gross Profit at approximately $18 million, the Company is confident in its runway to achieve these targets and beyond.