
Windward – Ami Daniel, Lord John Browne and Matan Peled PR pic , an Israeli predictive maritime intelligence company listed on the London Stock Exchange, is being acquired by U.S. investment firm in a $270 million deal, a 47% premium on last closing price. The acquisition, contingent upon Windward shareholder approval, is expected to close by the end of the first quarter of 2025. FTV Capital has secured irrevocable commitments from shareholders representing approximately 63% of Windward’s outstanding shares to vote in favor of the acquisition. A publicly traded company on the London Stock Exchange since December 2021, Windward is a pioneering Maritime AI company offering a comprehensive platform for risk management and maritime domain awareness. Windward’s intelligence solution, MARINT, is already in wide use by Security, Intelligence and Law Enforcement agencies worldwide, who use Windward’s data and insights to preemptively identify threats before they reach their shores. The funding by Horizons Ventures, Aleph and other financial investors will enable Windward to expand its deep learning capabilities via its unique data platform – the Windward Mind – and to operationalize FORESEA, its finance solution. “This marks an exciting next step in the evolution of Windward, providing the opportunity to build upon our first mover advantage in maritime generative AI through accelerated innovation and greater market reach,” said Ami Daniel, Chief Executive Officer of Windward. “We are incredibly proud of the growth we have achieved while on the AIM market, and our ability to adapt and incorporate evolving technology, specifically generative AI. We are truly grateful for our shareholders’ support to date, providing us with the funding to expand our offering, enter new markets and continuously create exciting new products. With the success of that investment evident in our accelerated growth rate and bigger scale, now is the time to replicate that success across additional geographic markets. In addition, being US-owned is expected to facilitate expedited penetration and growth in the US market.”
OTTAWA - NDP Leader Jagmeet Singh says his party will not support a Liberal plan to give Canadians a GST holiday and $250 unless the government expands eligibility for the cheques, saying the rebate leaves out “the most vulnerable.” The Liberals announced a plan last week to cut the federal sales tax on a raft of items like toys and restaurant meals for two months, and to give $250 to more than 18.7 million Canadians in the spring. Speaking after a Canadian Labour Congress event in Ottawa, Singh says he’s open to passing the GST legislation, but the rebate needs to include seniors, students, people who are on disability benefits and those who were not able to work last year. Singh says he initially supported the idea because he thought the rebate cheques would go to anyone who earned under $150,000 last year. But the so-called working Canadians rebate will be sent to those who had an income, leaving out people Singh says need the help. The government intends to include the measures in the fall economic statement, which has not yet been introduced in the House of Commons. The proposed GST holiday would begin in mid-December, lasting for two months. It would remove the GST on prepared foods at grocery stores, some alcoholic drinks, children’s clothes and toys, Christmas trees, restaurant meals, books, video games and physical newspapers. A privilege debate has held up all government business in the House since late September, with the Conservatives pledging to continue a filibuster until the government hands over unredacted documents related to misspending at a green technology fund. The NDP said last week they had agreed to pause the privilege debate in order to pass the legislation to usher in the GST holiday. Singh said Tuesday that unless there are changes to the proposed legislation, he will not support pausing the debate. The Bloc Québécois is also pushing for the rebates to be sent to seniors and retirees. This report by The Canadian Press was first published Nov. 26, 2024.F1 expands grid, adds Cadillac brand and new American team for '26
ORLANDO, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in leveraging longevity and actuarial technology to offer uncorrelated investment opportunities, today announced the commencement of an underwritten public offering of 12,500,000 shares of its common stock, including 10,000,000 shares of common stock to be sold by the Company and 2,500,000 to be sold by certain stockholders of the Company (the “Selling Stockholders”). The Company and the Selling Stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock from the Company and up to an additional 375,000 shares of common stock from the Selling Stockholders. Abacus intends to use net proceeds of the primary portion of the offering for its operations, including the purchase of life settlement policies, to support its overall business strategy, for working capital purposes, and for general corporate purposes, which may include funding previously announced and future acquisitions and repayment and refinancing of its indebtedness. Abacus will receive no proceeds from the secondary portion of the offering. The offering is subject to general market conditions, and there can be no assurances as to whether or when the offering may be completed, or as to the size or terms of the offering. Piper Sandler & Co., TD Securities (USA) LLC, KKR Capital Markets LLC, B. Riley Securities, Inc. and SG Americas Securities, LLC are acting as joint book-running managers and representatives of the underwriters of the proposed offering. The registration statements on Form S-3 (including the accompanying prospectuses for each registration statement) relating to the proposed offering have been filed with the Securities and Exchange Commission (the “SEC”) and became effective on November 14, 2024. Copies of the prospectus supplements relating to the offering, when filed, may be obtained on the SEC’s website located at https://www.sec.gov. When available, copies of the prospectus supplements related to the offering may also be obtained from: Piper Sandler & Co. by mail at 1251 Avenue of the Americas, 6th Floor, New York, NY 10020 or by email at prospectus@psc.com; TD Securities (USA) LLC by mail at 1 Vanderbilt Avenue, New York, NY 10017, by telephone at (855) 495-9846 or by email at TD.ECM_Prospectus@tdsecurities.com; KKR Capital Markets LLC by mail at 30 Hudson Yards, 75th Floor, New York, NY 10001, Attention: Prospectus Delivery; B. Riley Securities, Inc. by mail at 1300 17th Street North, Suite 1300, Arlington, VA 22209, by telephone at (703) 312-9580 or by email at prospectuses@brileyfin.com; or SG Americas Securities, LLC by mail at 245 Park Avenue, New York, NY 10167 or by email at us-ny-prospectus@sgcib.com. The final terms of the offering will be disclosed in the final prospectus supplements to be filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of the Company’s common stock or any other securities, nor shall there be any sale of such shares of common stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any offers, solicitations or offers to buys, or any sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended. About Abacus Abacus is a pioneering global alternative asset manager and market maker specializing in uncorrelated financial products. The Company leverages its longevity data and actuarial technology to purchase life insurance policies from consumers seeking liquidity. This creates a high-return asset class uncorrelated to market fluctuations for institutional investors. With nearly $3 billion in assets under management, including pending acquisitions, Abacus is the only publicly traded global alternative asset manager focused on lifespan-based financial products. Forward Looking Statements All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding the proposed offering, including the expected closing of the proposed offering; Abacus’s financial and operational outlook; Abacus’s operational and financial strategies, including planned growth initiatives and the benefits thereof, Abacus’s ability to successfully effect those strategies, and the expected results therefrom. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “expect,” ”intend,” “anticipate,” “goals,” “prospects,” “will,” “would,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions). While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the fact that Abacus’s loss reserves are bases on estimates and may be inadequate to cover its actual losses; the failure to properly price Abacus’s insurance policies; the geographic concentration of Abacus’s business; the cyclical nature of Abacus’s industry; the impact of regulation on Abacus’s business; the effects of competition on Abacus’s business; the failure of Abacus’s relationships with independent agencies; the failure to meet Abacus’s investment objectives; the inability to raise capital on favorable terms or at all; the effects of acts of terrorism; and the effectiveness of Abacus’s control environment, including the identification of control deficiencies. These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with the SEC from time to time, including the Annual Report on Form 10-K, as amended, and Quarterly Reports on Form 10-Q and subsequent periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations. Contacts: Robert Phillips – SVP Investor Relations rob@abacuslife.com (321) 290-1198 David Jackson – IR/Capital Markets Associate djackson@abacuslife.com (321) 299-0716 Abacus Life Public Relations press@abacuslife.comPremier: Sarawak to become ‘Battery of Asia’ with completion of energy resource hub by 2035
There should be unity of those from Nayadi to Nasrani: SNDP Yogam General Secretary Vellappally NatesanKinkead Dent and diverse ground game powers UT Martin past New Hampshire, 41-10 in FCS 1st round
Writers Guild of America this week sent a letter to major Hollywood studios asking them to take action against tech companies that are using writers’ work to train AI tools without their permission. “The studios, as copyright holders of works written by WGA members, have done nothing to stop this theft,” the guild’s leadership said in a letter. “They have allowed tech companies to plunder entire libraries without permission or compensation. The studios’ inaction has harmed WGA members.” The guild said its collective bargaining agreement requires studios “to defend their copyrights on behalf of writers” and urged studios to “take immediate legal action against any company that has used our members’ works to train AI systems.” The letter was sent to studios including Netflix, Warner Bros. Discovery, Walt Disney Co., Paramount Global, NBCUniversal, Sony Pictures and Amazon MGM Studios. Representatives from those studios either declined to comment or didn’t respond to requests for comment. WGA‘s letter referenced an Atlantic article last month that reported that subtitles from thousands of movies and TV episodes were included in an AI-training data set used by companies including Facebook parent company Meta and San Francisco-based AI company Anthropic. Anthropic and Meta did not immediately return a request for comment. The WGA letter comes as some studios are in discussions with tech companies that are developing AI tools. In September, “Hunger Games” studio Lionsgate announced a partnership with AI startup Runway. Under that deal, Runway will create a new AI model for Lionsgate to help with behind-the-scenes processes such as storyboarding. Other major Hollywood studios have yet to publicly announce deals, in part because AI is a complicated landscape where regulations and legal questions surrounding the technology are still evolving. There are also questions over how studio libraries should be valued for AI purposes and concerns about protecting intellectual property.
Citigroup Inc. Grows Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)S&P/TSX composite down nearly 250 points, U.S. stock markets also fallCitigroup Inc. increased its stake in shares of Watsco, Inc. ( NYSE:WSO – Free Report ) by 35.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,219 shares of the construction company’s stock after buying an additional 4,204 shares during the quarter. Citigroup Inc.’s holdings in Watsco were worth $7,978,000 at the end of the most recent quarter. Several other institutional investors have also modified their holdings of WSO. J. W. Coons Advisors LLC grew its position in Watsco by 0.7% in the 3rd quarter. J. W. Coons Advisors LLC now owns 2,999 shares of the construction company’s stock worth $1,475,000 after purchasing an additional 20 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Watsco by 30.6% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company’s stock valued at $46,000 after acquiring an additional 22 shares in the last quarter. CWM LLC boosted its position in Watsco by 2.6% during the 3rd quarter. CWM LLC now owns 952 shares of the construction company’s stock worth $468,000 after acquiring an additional 24 shares during the period. MCF Advisors LLC increased its holdings in shares of Watsco by 27.8% during the third quarter. MCF Advisors LLC now owns 115 shares of the construction company’s stock valued at $57,000 after purchasing an additional 25 shares during the period. Finally, Equitable Trust Co. raised its stake in shares of Watsco by 2.2% during the third quarter. Equitable Trust Co. now owns 1,166 shares of the construction company’s stock valued at $574,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 89.71% of the company’s stock. Wall Street Analysts Forecast Growth WSO has been the subject of a number of recent analyst reports. Robert W. Baird decreased their target price on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Northcoast Research assumed coverage on shares of Watsco in a report on Friday, November 22nd. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Watsco currently has a consensus rating of “Moderate Buy” and a consensus price target of $491.25. Watsco Price Performance Shares of WSO opened at $551.60 on Friday. Watsco, Inc. has a one year low of $373.33 and a one year high of $571.41. The company has a 50-day moving average of $505.23 and a two-hundred day moving average of $487.40. The stock has a market cap of $22.27 billion, a price-to-earnings ratio of 43.18 and a beta of 0.88. Watsco ( NYSE:WSO – Get Free Report ) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 EPS for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.51). Watsco had a return on equity of 17.77% and a net margin of 6.99%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the business posted $4.35 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts anticipate that Watsco, Inc. will post 13.06 earnings per share for the current year. Watsco Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, October 16th. Watsco’s payout ratio is 83.46%. Watsco Company Profile ( Free Report ) Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. Featured Articles Want to see what other hedge funds are holding WSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watsco, Inc. ( NYSE:WSO – Free Report ). Receive News & Ratings for Watsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco and related companies with MarketBeat.com's FREE daily email newsletter .