The company also plans private debt-for-equity swaps for some holders of the Semler convertible notes that may shrink its offering size. Strive, an asset manager co-founded by former US presidential candidate Vivek Ramaswamy in 2022, plans to raise as much as $150 million through an offering of preferred stock, with proceeds earmarked for debt repayment and Bitcoin purchases. Strive said it plans to sell shares of its Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA, according to a Wednesday announcement. The company said the capital raised, alongside existing cash and potential proceeds from unwinding hedging transactions, would be used to pay down liabilities at its wholly owned subsidiary, Semler Scientific. This includes repurchasing a portion of Semler’s 4.25% convertible senior notes due in 2030, as well as outstanding borrowings under a master loan agreement with Coinbase Credit. Read more
Bajan family, which controls the pharmacies of the same name of Valcea, wants to resume expansion in 2026, a year that will also mark the launch of a new robotized drug warehouse, a EUR2 million investment.
Bertis group, with operations mainly in the meat industry, controlled by Berszany family of Covasna, is implementing an investment project of around EUR14 million, funded from banking loans and own sources, to build a new headquarters in the industrial park of Sfantu Gheorghe, due to be completed in 2026.
BitGo priced its IPO at $18 a share and expects NYSE trading to begin Thursday, with SEC filings showing major holdings by founders and early investors. BitGo Holdings, a cryptocurrency custody company, announced the pricing of its initial public offering (IPO) ahead of its shares’ expected debut on the New York Stock Exchange (NYSE). The company priced its IPO at $18 per share, above the earlier indicated marketing range of $15 to $17 per share, according to an official announcement by BitGo. The shares are expected to begin trading on the NYSE under the ticker symbol “BTGO” on Thursday, while the IPO is expected to close on Friday, subject to customary closing conditions. With about 11.8 million shares of Class A common stock being offered, the IPO is projected to generate about $212.8 million in gross proceeds at the set price. Read more
Alan Orlic grew up in the US, but subsequently settled down in Osijek, Croatia, where he raised his two daughters. Here, he says, he realized a universal truth: parents want the best possible start for their children. Starting from this belief, he founded Tinker Labs, a STEM education brand for kids.
Romanian fashion brand Ami Amalia, founded by entrepreneur Amalia Saftoiu, is set to invest EUR2 million in expanding the production capacity of the Deva units, which will double the volumes manufactured by the company.