logo
FCCO Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of First Community Corporation is Fair to Shareholders

FCCO Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of First Community Corporation is Fair to Shareholders

Globe and Mail15-07-2025
Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of First Community Corporation (NASDAQ: FCCO) and Signature Bank of Georgia is fair to First Community shareholders.
Halper Sadeh encourages First Community shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
The investigation concerns whether First Community and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for First Community shareholders; and (2) disclose all material information necessary for First Community shareholders to adequately assess and value the merger consideration.
On behalf of First Community shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Microsoft server hack has now hit 400 victims, researchers say
Microsoft server hack has now hit 400 victims, researchers say

CTV News

time12 minutes ago

  • CTV News

Microsoft server hack has now hit 400 victims, researchers say

A Microsoft logo is seen on a screen as people listen at an event at Microsoft headquarters, May 20, 2024, in Redmond, Wash. (AP Photo/Lindsey Wasson, File) WASHINGTON -- A sweeping cyber-espionage campaign organization centred on vulnerable versions of Microsoft's server software has now claimed about 400 victims, according to researchers at Netherlands-based Eye Security. The figure, which is derived from a count of digital artifacts discovered during scans of servers running vulnerable versions of Microsoft's SharePoint software, compares to 100 organizations catalogued over the weekend. Eye Security says the figure is likely an undercount. 'There are many more, because not all attack vectors have left artifacts that we could scan for,' said Vaisha Bernard, the chief hacker for Eye Security, which was among the first organizations to flag the breaches. The spy campaign kicked off after Microsoft failed to fully patch a security hole in its SharePoint server software, kicking off a scramble to fix the vulnerability when it was discovered. Microsoft and its tech rival, Google owner Alphabet, have both said Chinese hackers are among those taking advantage of the flaw. Beijing has denied the claim. The details of most of the victim organizations have not yet been fully disclosed. Bernard declined to identify them. Reporting by Raphael Satter; Editing by Jan Harvey and Mark Porter, Reuters

General Dynamics quarterly results beat estimates on strong marine, jet business
General Dynamics quarterly results beat estimates on strong marine, jet business

CTV News

time12 minutes ago

  • CTV News

General Dynamics quarterly results beat estimates on strong marine, jet business

In this Aug. 13, 1965 photo provided by the San Diego Air and Space Museum, technicians work on an Atlas Centaur 7 rocket at Cape Canaveral, Fla. (Convair/General Dynamics Astronautics Atlas Negative Collection/San Diego Air and Space Museum via AP) General Dynamics' second-quarter profit and revenue topped analyst estimates on Wednesday, aided by robust earnings from the marine segment and higher business jet deliveries. Shares of the company rose nearly three per cent in premarket trading. The Gulfstream jet maker's quarterly adjusted profit was US$3.74 per share, compared with analysts' estimates of US$3.53 per share, according to data compiled by LSEG. General Dynamics' aerospace segment, which is recovering from supply chain woes and longer certification times, was able to ramp up deliveries during the quarter ended June 29. During the period, the Reston, Virginia-based company's new G800 plane, the world's longest-range business aircraft, earned certification from the Federal Aviation Administration and the European Union Aviation Safety Agency. The plane has a range of 8,200 nautical miles (15,186 kilometres) at the Mach 0.85 long-range cruise speed, the company has said. The segment's aircraft deliveries hit 38 in the second quarter, compared with 37 in the same period a year ago. In the first quarter, the company delivered 36 Gulfstream jets. The unit's new bookings during the quarter were 1.3 times its billing, indicating a strong order book. Revenue in the aerospace segment rose 4.1 per cent from a year ago. General Dynamics' nuclear-powered submarine-making marine systems segment also saw a 22.2 per cent rise in revenue. During the quarter, the Pentagon had modified a submarine production contract awarded to the company's marine segment, raising the value multi-fold to US$1.85 billion. The company also entered into a new contract with its union members at its submarine-making unit, averting a shortage of skilled labor that has been contributing to delays in U.S. Navy ship building schedules. The Technologies segment, which makes products for a range of military, intelligence, federal civilian and state customers, experienced a 5.5 per cent year-on-year rise in revenue. Defense manufacturers continued to benefit from strong demand for weapons and other military equipment during the reported quarter owing to the geopolitical uncertainty and ongoing conflicts in the Middle East. The book-to-bill ratio was 2.4-to-1 for General Dynamics' defense segments. However, revenue within the combat systems part of the business, which manufactures land combat vehicles, weapons systems and munitions, edged down 0.2 per cent after taking a hit from the cancellation of the M10 Booker contract by the Pentagon as well as production delays owing to supply chain woes. The company's total quarterly revenue of US$1.30 billion also beat Wall Street analysts' estimate of US$1.23 billion. --- Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Leroy Leo and Paul Simao

What is tokenization and is it crypto's next big thing?
What is tokenization and is it crypto's next big thing?

CTV News

time12 minutes ago

  • CTV News

What is tokenization and is it crypto's next big thing?

An advertisement for the cryptocurrency Bitcoin is displayed on a building in Hong Kong on Nov. 18, 2021. (AP Photo/Kin Cheung, File) NEW YORK — Tokenization has long been a buzzword for crypto enthusiasts, who have been arguing for years that blockchain-based assets will change the underlying infrastructure of financial markets. The technology is seen as rapidly increasing in coming years, especially in the U.S., helped by the passage of three new bills. President Donald Trump's administration has eased regulation of the broader crypto industry, paving the way for a boom in the valuation of companies in the sector and the rapid growth of crypto-related securities. However, the growth of the market for tokenized assets has been far slower than expected in recent years, with many projects still in their infancy or not yet live. How does tokenization work? The term 'tokenization' is used in a variety of ways. But it generally refers to the process of turning financial assets - such as bank deposits, stocks, bonds, funds and even real estate - into crypto assets. This means creating a record on digital ledger blockchain that represents the original asset. These blockchain-based assets, or 'tokens,' can be held in crypto wallets and traded on blockchain, just like cryptocurrencies. Where do stablecoins come in? Stablecoins can be seen as an example of tokenization. They are a type of cryptocurrency designed to maintain a constant value by being pegged to a real-world currency, typically the U.S. dollar. The issuer holds one U.S. dollar in reserve for every dollar-pegged crypto token it creates. Stablecoins are blockchain-based tokens acting as a proxy for an asset that already exists outside the blockchain. They allow people to move money across borders without interacting with the banking system. While critics say that this makes them useful for criminals who want to avoid banks' anti-money laundering checks, stablecoin issuers say that they are a lifeline for people in countries without a developed payments system. Are tokenized assets taking off? Yes and no. Stablecoins have grown in recent years, with the market estimated to be worth about US$256 billion, according to crypto data provider CoinMarketCap, and expected to touch US$2 trillion by 2028, according to Standard Chartered. But banks have talked for years about creating tokenized versions of other types of assets, which they say will make trading more efficient, faster and cheaper, and those 'tokens' have struggled to gain traction. While there have been individual issuances, there is not a liquid secondary market for these kinds of assets. One impediment to trading traditional assets via blockchain is that banks are working on their own private networks, making it difficult to trade across platforms. What are the pros of tokenization? Some proponents of the crypto industry have said tokenization can improve liquidity in the financial system. Illiquid assets like real estate could be traded more easily if they are broken up into small digital tokens. It is also expected to improve access to asset classes that are typically out of reach of smaller investors by creating a cheaper entry point. Which companies are interested in tokenization? Some major global banks, including Bank of America and Citi have said they could explore launching tokenized assets, including stablecoins. Asset manager BlackRock is also doubling down on the tokenization boom, and has highlighted its ambition of becoming the largest cryptocurrency manager in the world by 2030. Coinbase, the largest U.S. crypto exchange, is seeking permission from the SEC to offer 'tokenized equities' to its customers. How does new regulation help tokenization? Since stablecoins themselves are tokens and seen as one of the biggest drivers of the growth of tokenization, the new stablecoin law will end up boosting the proliferation of tokenization, experts say. The new market structure bill, known as the Clarity Act, is expected to establish a clear framework that could enable stablecoins and other crypto tokens to become more widely used. What are the risks? Some analysts say the hype around tokenization might be premature and caution that the rapidly growing crypto ecosystem could experience near-term turbulence due to the potential risks of a big decline in prices. European Central Bank President Christine Lagarde has warned stablecoins pose risks for monetary policy and financial stability. Some critics of the industry warn the frenzy around the new technology could introduce new systemic risks, especially in the absence of stringent regulation. They also say there is no reason why blockchain should be any more efficient than the electronic ledgers and trading systems already used in financial markets. Buyers of third-party tokens, which are issued by unaffiliated third parties - such as crypto exchange Kraken - that have custody of securities, could be exposed to counterparty risks, and regulators are sounding notes of caution. Earlier in July, Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission who has frequently spoken positively about cryptocurrency, said tokenized securities would not be able to circumvent existing securities laws. More than half of the world's U.S. dollar stablecoins are issued by a single company, Tether, which says it manages US$160 billion in reserves, but has not undergone a financial audit. --- Reporting by Anirban Sen in New York; Additional reporting by Chris Prentice and Elizabeth Howcroft; Editing by Megan Davies, Tommy Reggiori Wilkes, Nia Williams

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store