TD Bank Names Birch Hill's John MacIntyre as New Board Chair
MacIntyre, 69, who is partner-emeritus and co-founder of Toronto-based private equity firm Birch Hill Capital Partners Management Inc., has been a director of the bank since 2023 and will become chair of the board on Sept. 1, Toronto-Dominion said in a statement Monday.
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Yahoo
29 minutes ago
- Yahoo
Cybeats Amends Conversion Price of Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - August 1, 2025) - Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) ("Cybeats" or the "Company"), a leading provider of software supply-chain security, announces a conversion price amendment to the $1.825 million principal amount of convertible debentures that were issued on January 25, 2024 (the "Convertible Debentures"). The Company has received written approval for the amendment from holders of 66 2/3% of the principal amount owing under the Convertible Debentures as required by the certificates governing the Convertible Debentures. As the Company seeks to enter a period of commercial expansion, it wishes to reduce the principal amount owing under the Convertible Debentures which are due to be paid on January 25, 2026. The conversion price for the convertible debentures has been repriced to $0.10 per common share which was previously at $0.30 per common share. As part of the repricing amendment, each holder of Convertible Debentures shall have thirty (30) days to convert the Convertible Debentures following written notice to the holders if during the term the common shares of the Company close above $0.125 per share on each trading day for a period of ten (10) consecutive trading days (the "Acceleration Period"). If the Holder does not elect to convert during the Acceleration Period, then the conversion price shall be reverted back to $0.30. About Cybeats Technologies Corp. Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) is a cybersecurity company providing Software Bill of Material (SBOM) management and software supply chain intelligence technology, helping organizations to manage risk, meet compliance requirements, and secure their software from procurement to development and operation. Cybeats platform gives customers comprehensive visibility and transparency into their software supply chain, enabling them to improve operational efficiency, increase revenue, and align organizations with current and future regulations. Cybeats. Software Made Certain. Website: Contact:Justin Leger, CEOPhone: 1-888-713-SBOM (7266)Email: ir@ Sean Peasgood, Investor RelationsPhone: (905) 667-6761Email: Sean@ Forward-looking Information Cautionary Statement Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE, and other risks as described in the Company's filings available on the Company's SEDAR+ profile at There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Company filings are available under the Company's SEDAR+ profile at No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Chicago Tribune
31 minutes ago
- Chicago Tribune
Construction begins on first residential lots at controversial Crown development in Sugar Grove
Construction has officially started at The Grove, a mixed-use development planned on 760 acres at Interstate 88 and Route 47 that was annexed into the village of Sugar Grove last year. Work is beginning on just one portion of the development area, set to be the community's first residential neighborhood, according to a news release Thursday from Sugar Grove LLC, an entity of Naperville-based Crown Community Development. That area, located along Merrill Road, will offer single-family homes on 214 lots, which Crown expects to deliver to home builders in 2026. Oswego-based J&S Construction was awarded the site contract for the project, according to Thursday's news release. The Grove has been a long time coming, said Crown's Managing Director Jennifer Cowan on Friday. She said that Crown has owned the property for many years, and that 'a lot of work has gone into positioning the property for development.' Last September, the Sugar Grove Village Board approved the development project and agreed to annex the property into the village and give its developer financial incentives via a tax increment financing district, according to past reporting. The project will sit on what is currently mostly farmland surrounding the Interstate 88 and Route 47 interchange. It's set to include neighborhoods, mixed-use commercial and residential areas, a walkable town center and a business park area. The project faced public opposition, however, both before and after the village gave it the green light. In April, a non-binding referendum question was passed by voters asking the village to reverse its decision on the project. In the same election, former village president Jennifer Konen and an incumbent village trustee — both of whom voted in favor of the Crown project — were voted out. Still underway is a lawsuit against Sugar Grove by Kaneland School District 302, which is challenging the tax increment financing district planned for the development project. A TIF district is a form of economic development incentive, in which the value of a property is essentially frozen, with the extra or 'increment' taxes created by developing the property then going into a special fund used to pay for costs related to improving the area. Kaneland was previously in negotiations with Sugar Grove to create an intergovernmental agreement about the TIF district, according to past reporting. But, not satisfied with those terms, the district floated the possibility of taking legal action against the village in February. The Kaneland lawsuit was filed on June 13 with the Kane County Circuit Court, according to case information on the county circuit clerk's website. The district is arguing that the TIF district will mean the school district will lose out on incremental property taxes levied against the area for a period of 23 years, and that there is controversy over whether the area should qualify for tax increment financing in the first place, according to past reporting. Per the lawsuit, the school district is asking the village to dissolve the TIF district. Sugar Grove Village President Sue Stillwell declined to comment on Friday about the lawsuit. Kaneland Superintendent Kurt Rohlwing said on Friday that the district right now is waiting on an initial hearing, which will likely not be until September. 'We want to make sure that we have a fair deal for the financial arrangements that impact all of our communities,' Rohlwing told The Beacon-News. But, despite the opposition and legal action surrounding the TIF district for the development, the Crown project has continued to move forward in recent months. In late April, the village OK'd a final plat of subdivision, essentially a map dividing up a piece of land into smaller lots, for one portion of the development — the part that just began construction, Cowan said. The latest approval Crown secured was a mass grading permit, which is required by its annexation agreement with Sugar Grove, according to Stillwell. Mass grading is essentially preparing the land at a site for construction. The developer is going to be grading nearly 80 acres of the project area, Cowan said, which could take six to eight weeks. From there, the developer will install sanitary sewers, water mains and storm sewers underground, and pave and finish streets by the end of this year or the spring of 2026. Getting the mass grading permit allows Crown to start construction while its engineering plans are still being reviewed, Cowan explained. She noted that significant rain during the fall could impede the process, so the goal is to have the grading done before then. Crown will have to go through the engineering review process and plat approval process for each portion of the project it brings forward to the village, Cowan said. This first development area is expected to offer single-family homes with two- or three-car garages, according to Thursday's news release. Crown is a land developer, meaning it won't be building the homes that will sit on this development area. But Cowan said she anticipates there could be homes built in this area before the end of 2026. The Crown project as a whole is set to have as many as 1,500 residences, according to The Grove's website, and at least 200 acres of open space, including parks and trails. As for the other components, Cowan said that the industrial portion of the land is already under contract for a data center, which could be built in the next three to four years. For Crown's part, she estimated that its build-out of all the parcels in the project's development area could be finished in about 10 years, not necessarily including the construction of the homes or other buildings that will then be built on top of them. But, for now, Cowan expressed optimism about the project as a whole and the progress being made on this first residential piece of the project. 'I'm really excited to be able to deliver some additional housing supply to this market,' Cowan said. 'It is a supply-constrained market. … Housing supply is definitely a need here in Chicago, in the Chicago metro area.'
Business Insider
31 minutes ago
- Business Insider
Lina Kahn is taking a victory lap over the Figma IPO
Former FTC chair Lina Khan celebrated Figma's blockbuster IPO in an X post on Friday. Khan nodded to Adobe's planned Figma acquisition that fell apart in 2023 under regulatory pressure. Khan drew criticism in Silicon Valley for her antitrust enforcement in Big Tech. The former FTC chair celebrated Figma's stellar IPO in an X post on Friday, nodding at the larger movement, including her own efforts, to block major tech mergers. "A great reminder that letting startups grow into independently successful businesses, rather than be bought up by existing giants, can generate enormous value," Khan, who led the FTC from 2021 to 2025, said. "A win for employees, investors, innovation, and the public." Figma went public on Thursday, valued at $19.3 billion, and closed at 250% above its asking price, valuing the design company at nearly $68 billion and delivering a windfall to investors. The IPO came less than two years after rival Adobe dropped its planned acquisition of Figma. The Adobe-Figma merger, valued at $20 billion, was called off in December 2023 after facing regulatory pressure from European and US officials. It was part of a larger crackdown on antitrust enforcement that was pushed by Khan, who drew the ire of Silicon Valley thanks to her aggressive stance on antitrust issues, especially in Big Tech. "Figma is a massive success, but it's because of the company's innovative growth and not due to the FTC and Kahn," Dan Ives, a tech analyst at Wedbush Securities, said on Friday. Louis Lehot, a Silicon Valley-based partner at Foley & Lardner who advises on M&A and venture capital financing, said that while the blockbuster IPO was a great outcome for the company and investors, "there's a hint of schadenfreude in celebrating independent success while dismissing the potential upside of the Adobe-Figma merger." "The Adobe-Figma merger was a missed opportunity to pair complementary strengths and unlock broader value. Independent scaling and strategic acquisition aren't mutually exclusive—each can serve innovation and the public, depending on the context," he added.
