PropertyGuru Debuts On NYSE Through A US$1.61 Billion SPAC Merger
Malaysian proptech platform PropertyGuru (NYSE: PGRU) debuted today on the New York Stock Exchange as it completed a business combination agreement with special purpose acquisition company Bridgetown 2 Holdings Limited. The transaction values the combined company at an equity value of US$1.61 billion and an enterprise value of US$1.36 billion. The combined company received US$254 […]
“It’s Bye For Binance”: Crypto Firm Undertakes Ontario Exit
After months of a kerfuffle with its Ontario operations, Binance is now formalizing its exit from the province. The Ontario Securities Commission published on Thursday a statement of undertaking from the crypto firm that spells out a commitment to ceasing any further Ontario operations. In the statement, Binance committed to ceasing opening new accounts and […]
Another Policy Error? Bank of England Hikes Rates Despite Uncertainty Over Economic Growth
The Bank of England on Thursday raised borrowing costs for the third consecutive time, amid surging inflation thats running at the highest in 30 years. However, with global uncertainty mounting over the Russia-Ukraine crisis and sharply increasing energy prices, UK’s economy could face added headwinds, hindering growth and ultimately sending it into a recession. The […]
Restaurant Brands International Can’t Suspend Russian Burger King, Works On Divesting Instead
Apparently, Burger King is not the ‘king’ of its Russian franchise. Restaurant Brands International Inc. (TSX: QSR) announced today that it plans to dispose of its stake in its Russian joint venture operating around 800 Burger King stores in the country. “We started the process to dispose our ownership stake in the business,” said RBI […]
Senate Members Propose to Ban Russian Uranium Imports
Several Republican senators have prepared a new bill that would ban Russian uranium imports, in a further attempt to punish Moscow for its military operation in Ukraine. As reported by Reuters, Wyoming Senator John Barrasso, along with Sens. Cynthia Lummis, Roger Marshall, and Kevin Cramer on Thursday unveiled new legislation to the Senate that would […]
GameStop Shares Drop After Missing Consensus For Q4 2021 Bottomline Results
GameStop Corp (NYSE: GME) last night released its financial results for Q4 and full-year 2021. While the firm beat the consensus for revenue estimates, it pretty much missed everything else. For the quarter, the company recorded US$2.25 billion, beating the consensus US$2.16 billion and also an increase from Q3 2021’s US$1.30 billion and Q4 2020’s US$2.12 […]
Osisko Gold Royalties To Raise US$250.2 Million Under Bought Deal
Osisko Gold Royalties (TSX: OR) is looking to raise big dollars. The company after the close of markets yesterday announced it will be conducting a bought deal financing to the tune of US$250.2 million, which is to be lead by Eight Capital and RBC Capital Markets. The offering is slated to see the sale of […]
Global Crossing Looks To Raise $6.0 Million Via Debentures
Global Crossing Airlines (NEO: JET) is looking to raise funds for its operations. The company last night announced a non-convertible debenture offering, which is being lead by Alterna Capital Partners. The offering will see the company look to raise total gross proceeds of US$6.0 million, with Alterna’s lead order amounting to US$2.5 million. The debentures […]
NioBay Metals Halts Exploration At James Bay Project Due To Local Opposition
NioBay Metals (TSXV: NBY) may be about to lose its flagship project in Ontario. The company late last night announced that it has received a letter from local First Nations groups indicating the opposition to the development of their James Bay Niobium project. The letter received by NioBay indicated within that a small survey of […]
Centerra Gold Halts Gold Bar Production At Oksut Due To Mercury Issues
Centerra Gold (TSX: CG) continues to see operational issues at its mining facilities. Following the seizure of its Kumtor Mine last year, the company has now halted gold bar production at another mine due to what appears to be a quality control issue. The firm this morning revealed that it has halted gold dore bar […]