Tag : transaction

Bitcoin Well Inc. Announces Completion of Qualifying Transaction
Banking Investments News

Bitcoin Well Inc. Announces Completion of Qualifying Transaction

Fintech News Desk
by Fintech News Desk0
Bitcoin Well Inc. announces that it has completed its previously announced arm’s length qualifying transaction with 1739001 Alberta Ltd. (o/a Bitcoin Well) (“Old Bitcoin Well”) along with the conversion of the subscription receipts (the “Subscription Receipts”) issued in connection with the Company’s previously announced $7.0 million private placement offering (the......
BGL Announces Refinancing of Heinz at 950 North Shore for MCM Company
Banking Finance Fintech News

BGL Announces Refinancing of Heinz at 950 North Shore for MCM Company

Fintech News Desk
by Fintech News Desk0
Brown Gibbons Lang & Company (BGL) is pleased to announce the financial closing of Heinz at 950 North Shore for MCM Company, Inc. (MCM). BGL’s Real Estate Advisors team served as the exclusive financial advisor to MCM in the transaction. The property was refinanced with Asia Commercial Real Estate (ACRE) in order to retire......
Opera Monetizes Part of its OPay Stake
Fintech News

Opera Monetizes Part of its OPay Stake

Fintech News Desk
by Fintech News Desk0
Opera Limited, one of the world’s largest internet consumer brands with hundreds of millions of users worldwide, announced that it has monetized 29% of its stake in OPay Limited (“OPay”), resulting in a gain of US$31.1 million versus the carrying amount of the shares sold. Read More: EY Announces Industry Cloud Innovations to......
 Bumped 
Fintech News

As Brands Incentivize Acquisition, Study Shows Customer Retention Efforts Bolster Company Revenue an Average 40%

Fintech News Desk
by Fintech News Desk0
Two-year study from fintech company, Bumped, shows that brands who incentivize acquisition over retention can miss out on more revenue, engagement, and customer loyalty Bumped — the tech company on a mission to create an ownership economy — released data from their two-year pilot study indicating that there is still incredible......
QTS Realty Trust to Be Acquired by Blackstone Funds in $10 Billion Transaction
Investments News

QTS Realty Trust to Be Acquired by Blackstone Funds in $10 Billion Transaction

Fintech News Desk
by Fintech News Desk0
QTS Common Stockholders to Receive $78 Per Share in Cash Represents a Premium of 21% to QTS’ Closing Stock Price of $64.49 on June 4, 2021 QTS Realty Trust and Blackstone, announced that they have entered into a definitive agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust,......
BSV Proves that Bitcoin Scaling Works; Surpasses BTC Blockchain in Accumulated Data Size
Blockchain Business Cryptocurrency Digital News

BSV Proves that Bitcoin Scaling Works; Surpasses BTC Blockchain in Accumulated Data Size

Fintech News Desk
by Fintech News Desk0
Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the BSV blockchain and digital currency, has confirmed that the Bitcoin SV (BSV) blockchain surpassed BTC in accumulated data size, demonstrating the ability of the Bitcoin network to scale without limits. On May 16, 2021, the accumulated growth (in......
First Bancorp to Acquire Select Bancorp, Inc.
Banking News

First Bancorp to Acquire Select Bancorp, Inc.

Fintech News Desk
by Fintech News Desk0
First Bancorp, the parent company of First Bank, and Select Bancorp, Inc., the parent company of Select Bank and Trust Company (“Select Bank”), announced the signing of a definitive merger agreement under which First Bancorp will acquire Select in an all-stock transaction with a total current value of approximately $314.3......
Cathay Bank To Acquire 10 Branches And Select West Coast Loans And Deposits From HSBC
Banking Business News

Cathay Bank To Acquire 10 Branches And Select West Coast Loans And Deposits From HSBC

Fintech News Desk
by Fintech News Desk0
Cathay General Bancorp announced that its subsidiary bank, Cathay Bank, has entered into a purchase and assumption agreement with HSBC Bank USA, National Association (“HSBC”), to purchase 10 HSBC retail branches in California and additional loans and deposits associated with HSBC’s West Coast mass retail market consumer banking business and retail business banking business.......
Chia Names Misha Graboi CFO as Part of Global Expansion
Blockchain Cryptocurrency Fintech News

Chia Names Misha Graboi CFO as Part of Global Expansion

Fintech News Desk
by Fintech News Desk0
Company’s appointment ahead of green, decentralized cryptocurrency’s adoption by multinationals and governments Chia Network, Inc., a new energy-efficient decentralized blockchain founded by Bram Cohen, named Misha Graboi as Chief Financial Officer. The appointment is a key step in Chia’s ramp-up of a widespread digital exchange network and rapid global adoption among......
MAPay to Implement Blockchain-Based Solutions on Algorand to Reduce Healthcare Cost in Bermuda
Blockchain Digital Digital Payments News

MAPay to Implement Blockchain-based Solutions on Algorand to Reduce Healthcare Cost in Bermuda

Fintech News Desk
by Fintech News Desk0
MAPay’s healthcare payment solutions, built on Algorand’s blockchain network, has the capacity to transform Bermuda’s healthcare system and move $800 million in traditional healthcare payments to the blockchain MAPay, a global healthcare technology firm with a focus on decentralized payment networks, announced it will introduce its own stablecoin on Algorand to......
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