Tag: Common

CF Finance Acquisition Corp. II Announces Separate Trading of Class A Common Stock and Warrants

Press release content from PR Newswire. The AP news staff was not involved in its creation.

NEW YORK, Oct. 13, 2020 /PRNewswire/ — CF Finance Acquisition Corp. II (Nasdaq: CFIIU, the “Company”) announced today that, commencing October 15, 2020, holders of the 50,000,000 units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock and warrants included in the units. Class A common stock and warrants that are separated will trade on The Nasdaq Capital Market under the symbols “CFII” and “CFIIW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on The Nasdaq Capital Market under the symbol “CFIIU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer

Read More

Marchex and Edenbrook Capital Announce Results of Tender Offer for up to 10 Million Shares of Class B Common Stock of Marchex

SEATTLE–(BUSINESS WIRE)–Oct 8, 2020–

Marchex (NASDAQ: MCHX), a leading conversational analytics company that connects the voice of the customer to your business, announced today the results of joint and equal tender offer with Edenbrook Capital, LLC of up to 10 million shares of Marchex’s Class B common stock (the “ Shares ”) at $2.15 per share and conditioned on a minimum of 3 million shares being properly tendered (the “ Offer ”), which expired at 11:59 p.m., New York City time, on October 7, 2020.

Based on the count by Equiniti Trust Company, the depositary and paying agent for the Offer (the “ Depositary and Paying Agent ”), a total of 10,552,160 shares were properly tendered and not properly withdrawn at $2.15 per share, including 86,461 shares that were tendered through notices of guaranteed delivery.

Due to the tender offer being oversubscribed, Marchex and Edenbrook Capital will accept for payment

Read More

Three common mistakes in ransomware security planning

As the frequency and intensity of ransomware attacks increase, one thing is becoming abundantly clear: organizations can do more to protect themselves. Unfortunately, most organizations are dropping the ball. Most victims receive adequate warning of potential vulnerabilities yet are woefully unprepared to recover when they are hit. Here are just a few recent examples of both prevention and incident response failures:

  • Two months before the city of Atlanta was hit by ransomware in 2018, an audit identified over 1,500 severe security vulnerabilities.
  • Before the city of Baltimore suffered multiple weeks of downtime due to a ransomware attack in 2019, a risk assessment identified a severe vulnerability due to servers running an outdated operating system (and therefore lacking the latest security patches) and insufficient backups to restore those servers, if necessary.
  • Honda was attacked this past June, and public access to Remote Desktop Protocol (RDP) for some machines may have been
Read More

Common Challenges For Companies Expanding Their E-Commerce Business During The Pandemic

E-commerce is the biggest business story of the pandemic as companies shift from brick-and-mortar to online in order to stay in business. The pandemic has accelerated the shift away from physical stores to digital shopping by roughly five years, according to data from IBM’s U.S. Retail Index. Retailers need to quickly pivot to omni-channel fulfillment capabilities in order to meet the needs of consumers during this pandemic. 

However, online sales change the economics of a business as it forces modifications in processes like health protocols, telecommuting, in-store pickups, home deliveries, and digital marketing.

According to an August 2020 McKinsey survey, more than 77% of Americans are trying new shopping behaviors during the crisis “including new methods, brands, and places, with the intention of sticking with them in the long-term.” Let’s look at common challenges for companies that expand e-commerce operations amid the worst recession since the 1930s.

Metrics And

Read More

Shift4 Payments Announces Pricing of Public Offering of Class A Common Stock

ALLENTOWN, Pa.–(BUSINESS WIRE)–
Shift4 Payments, Inc. (“Shift4”) (NYSE: FOUR), a leading independent provider of integrated payment processing and technology solutions, today announced the pricing of its underwritten public offering of 2,000,000 shares of its Class A common stock and 8,000,000 shares of Shift4’s Class A common stock by certain selling stockholders, at a price to the public of $48.50 per share. The underwriters will also have a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock from the selling stockholders. The offering is expected to close on September 15, 2020, subject to customary closing conditions.

Goldman Sachs & Co. LLC, Credit Suisse and Citigroup are serving as lead joint bookrunners. BofA Securities, Morgan Stanley, RBC Capital Markets and Evercore ISI are acting as joint bookrunners. Raymond James, Truist Securities, Wolfe Capital Markets and Advisory, Citizens Capital Markets,

Read More

Accel Entertainment, Inc. Announces Pricing of Public Offering of Class A-1 Common Stock

Accel Entertainment, Inc. (NYSE: ACEL) (the “Company”) announced today the pricing of its previously announced underwritten public offering of its Class A-1 Common Stock. The Company will sell 8,000,000 shares of its Class A-1 Common Stock at a public offering price of $10.50 per share for a total offering size of $84,000,000. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of Class A-1 Common Stock. The offering is expected to close on or about September 28, 2020, subject to customary closing conditions.

Accel intends to use the net proceeds it receives from the offering for general corporate purposes.

Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint book-running managers and as representatives of the underwriters for the offering and Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering.

Read More

5 Common Google My Business Problems & How to Resolve Them

Google My Business (GMB) used to be so simple.

GMB listings used to basically include a business name, address, phone number, and website URL.

That was about it.

Over the years Google has made GMB profiles so much more robust, which is very exciting.

Businesses can now create a Google My Business profile that really shows off what their business has to offer.

And it allows them to stand out above their competitors that neglect GMB as an effective local SEO and marketing strategy.

GMB Knowledge Panel

But these features and enhancements have also made using Google My Business much more complex for users.

Advertisement

Continue Reading Below

So when problems with GMB profiles happen, the fixes can be more complex, nuanced and can often lead to confusion.

Google has laid out the guidelines for when, if, and how businesses can represent their businesses on Google My Business.

But even those guidelines can

Read More

Accel Entertainment, Inc. Announces Proposed Public Offering of Class A-1 Common Stock

Accel Entertainment, Inc. (NYSE: ACEL) (the “Company”) announced today that it has commenced an underwritten public offering of 12,000,000 shares of its Class A-1 Common Stock, consisting of 8,000,000 shares offered by the Company and 4,000,000 shares offered by certain selling stockholders of the Company. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 320,237 shares of Class A-1 Common Stock and the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,479,763 shares of Class A-1 Common Stock. Accel will not receive any proceeds from the sale of Class A-1 Common Stock offered by the selling stockholders. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.

Accel intends to use the net proceeds it receives from the offering for

Read More

Ashford Trust Sends Letter To Common Shareholders Explaining Why It Recommends Voting In Favor Of The Two Proposals At The October 6th Special Meeting

DALLAS, Sept. 21, 2020 /PRNewswire/ — Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today sent a letter to its common shareholders explaining why voting in favor of the two proposals at the Company’s upcoming Special Meeting is in the best interest of Ashford Trust and its common shareholders.  The Company also responded to the uninformed and misleading press release issued by Cygnus Capital. 

The text of the letter follows:

Dear Fellow Shareholders:

We are asking for your important vote in support of the two proposals at our upcoming Special Meeting scheduled for October 6, 2020.  The approval of those proposals is necessary to complete the Company’s proposed preferred stock exchange offers.  These strategic steps are crucial to the long-term viability of our business due to the severe impact of COVID-19 on the entire travel industry.  Without your support, there is substantial doubt as to

Read More

5 common credit card myths you should not believe

Most credit cards offer monetary rewards on grocery purchases, online shopping, movie ticket booking, among other products and services.

Publish Date: Thu, 17 Sep 2020 09:04 PM IST

New Delhi | Jagran Business Desk: Over the last few years, credit card has emerged as one of the most popular payment tools among Indian consumers. As of 2019, India had more than 50 million credit card users, a number that keeps inching up steadily. A credit card not only saves you the trouble of carrying cash but also allows you to pay for purchases in convenient installments.

Besides, most of these cards offer monetary rewards on grocery purchases, online shopping, movie ticket booking, among other products and services. However, there are many misconceptions associated with the financial instrument that dissuades consumers from using them. Let us look at the five prevalent misconceptions about credit cards that need to be busted.

Credit

Read More