Latest news with #JohnShen
Yahoo
7 days ago
- Business
- Yahoo
Crypto Treasury Strategy News: Hong Kong's Reitar and VivoPower
Reitar Logtech Holdings Ltd. has announced plans for a landmark $1.5 billion bitcoin BTC acquisition through a treasury diversification initiative aimed at enhancing its financial resilience and fueling logistics tech expansion. Through this 'BTC Program,' Reitar seeks to acquire up to 15,000 BTC from a consortium of institutional and high-net-worth investors in exchange for company shares, based on average BTC and stock market prices. The initiative is designed to strengthen Reitar's balance sheet and provide flexibility for acquisitions and digital infrastructure investment, especially across high-growth Asian markets. Management believes this strategy will help reduce exposure to traditional asset risks while supporting the company's long-term vision for global logistics innovation. Chairman and CEO John Shen emphasized that integrating digital assets into Reitar's financial strategy represents a bold step toward a more robust and adaptive corporate treasury, enabling accelerated technological progress and future-proofing Reitar's global operations. VivoPower International PLC has formed a strategic partnership with BitGo to support its newly launched $100 million XRP acquisition plan as part of a broader digital asset treasury strategy. The company will utilize BitGo's 24/7 OTC trading desk and industry-leading custody platform to purchase and store XRP tokens securely. This move follows VivoPower's $121 million capital raise and its announced pivot toward decentralized finance solutions. Executive Chairman and CEO Kevin Chin highlighted BitGo's institutional-grade infrastructure as critical to executing and safeguarding the company's digital asset holdings. BitGo's CEO Mike Belshe praised VivoPower's entry into the space as a sign of growing institutional interest in crypto. The collaboration underscores BitGo's growing role as both a trusted custodian and a premier liquidity partner for large-scale digital asset transactions. VivoPower has also filed a registration statement with the SEC for a public offering, reinforcing its commitment to transparency and compliance in its digital asset strategy. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
American Lending Center Continues Fast Pace Of I-956F Project Approvals
IRVINE, Calif., May 21, 2025--(BUSINESS WIRE)--American Lending Center (ALC) recently received I-956F approval for another EB-5 project, its 29th straight federal approval since the Reform and Integrity Act (RIA) passed in March 2022. This is a record for that industry. In the last three years, ALC has successfully financed 31 EB-5 projects in 17 different states and 11 different industries, ranging from commercial real estate to vertical farming to clean energy to hospital/medical facilities. Each of these projects has a clear plan to create a large number of jobs, often in rural areas where jobs were scarce. I-956F applications are reviewed by the U.S. Citizenship and Immigration Services (USCIS). The I-956F approval is required for a Regional Center to move forward with an EB-5 investment project. It clears the path for the EB-5 investors to file individual immigration petitions to secure U.S. permanent residency for the family. John Shen, Founder and CEO of ALC, long has been focused on job creation and community improvement through economic development. Of the 29 projects approved under RIA, 21 were in rural areas needing economic development, five were in high-unemployment areas needing jobs and three were specifically for needed government infrastructure projects such as hospitals. The average processing time of ALC's recent I-956F applications is between three and four months. "We are honored to be able to provide assistance to these highly beneficial projects," Shen said. "The ability to get an approval for every application we submitted in so little time is a testament to the talent and hard work of our team. That helps make communities better places to live." American Lending Center was founded in 2009 and is headquartered in Irvine, Calif. Since its inception, it has provided more than $2.3 billion in loans and investments to thousands of companies in all fifty states of America. About American Lending Center: American Lending Center Holdings (ALCH) manages 14 EB-5 regional centers that may sponsor projects anywhere in continental United States and Hawaii. Since 2009, ALCH has raised EB-5 capital for over 100 projects in 31 states including I-956F approvals from USCIS of 29 projects. ALCH has been featured on the Inc. 5000 list of "Fastest-Growing Private Companies in America" for five consecutive years (2020–2024) and was also ranked among "America's Fastest Growing Companies" by Financial Times in 2021, 2022, 2023 and 2025. American Lending Center LLC (ALC), a mission-driven California-regulated lender, is a licensed SBA 7(a) and SSBCI lender. Together, ALCH and ALC have supported the creation or retention of over 140,000 jobs in the U.S. economy, underwriting impactful projects that foster economic growth. Follow American Lending Center on LinkedIn, Facebook, Twitter, and YouTube. View source version on Contacts Junman ZhangAmerican Lending Center(562) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-05-2025
- Business
- Business Wire
American Lending Center Continues Fast Pace
IRVINE, Calif.--(BUSINESS WIRE)--American Lending Center (ALC) recently received I-956F approval for another EB-5 project, its 29 th straight federal approval since the Reform and Integrity Act (RIA) passed in March 2022. This is a record for that industry. ALC has successfully financed 31 EB-5 projects in 17 different states and 11 different industries, ranging from commercial real estate to vertical farming to clean energy to hospital/medical facilities. In the last three years, ALC has successfully financed 31 EB-5 projects in 17 different states and 11 different industries, ranging from commercial real estate to vertical farming to clean energy to hospital/medical facilities. Each of these projects has a clear plan to create a large number of jobs, often in rural areas where jobs were scarce. I-956F applications are reviewed by the U.S. Citizenship and Immigration Services (USCIS). The I-956F approval is required for a Regional Center to move forward with an EB-5 investment project. It clears the path for the EB-5 investors to file individual immigration petitions to secure U.S. permanent residency for the family. John Shen, Founder and CEO of ALC, long has been focused on job creation and community improvement through economic development. Of the 29 projects approved under RIA, 21 were in rural areas needing economic development, five were in high-unemployment areas needing jobs and three were specifically for needed government infrastructure projects such as hospitals. The average processing time of ALC's recent I-956F applications is between three and four months. 'We are honored to be able to provide assistance to these highly beneficial projects,' Shen said. 'The ability to get an approval for every application we submitted in so little time is a testament to the talent and hard work of our team. That helps make communities better places to live.' American Lending Center was founded in 2009 and is headquartered in Irvine, Calif. Since its inception, it has provided more than $2.3 billion in loans and investments to thousands of companies in all fifty states of America. About American Lending Center: American Lending Center Holdings (ALCH) manages 14 EB-5 regional centers that may sponsor projects anywhere in continental United States and Hawaii. Since 2009, ALCH has raised EB-5 capital for over 100 projects in 31 states including I-956F approvals from USCIS of 29 projects. ALCH has been featured on the Inc. 5000 list of 'Fastest-Growing Private Companies in America' for five consecutive years (2020–2024) and was also ranked among 'America's Fastest Growing Companies' by Financial Times in 2021, 2022, 2023 and 2025. American Lending Center LLC (ALC), a mission-driven California-regulated lender, is a licensed SBA 7(a) and SSBCI lender. Together, ALCH and ALC have supported the creation or retention of over 140,000 jobs in the U.S. economy, underwriting impactful projects that foster economic growth. Follow American Lending Center on LinkedIn, Facebook, Twitter, and YouTube.
Business Wire
06-05-2025
- Business
- Business Wire
American Lending Center Among Americas' Fastest-Growing Companies
IRVINE, Calif.--(BUSINESS WIRE)--American Lending Center (ALC) has been named to the Financial Times' list of America's Fastest-Growing Companies 2025, coming in at 171. This prestigious award is presented by the Financial Times and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on April 25, 2025, and can currently be viewed on the Financial Times website. It includes companies in more than 20 countries in the Americas. American Lending Center Holdings, commonly referred to as American Lending Center, has been on the Fastest-Growing list four times. The company was founded in 2012 by CEO John Shen and is headquartered in Irvine, Calif. 'We are pleased to be included in this prestigious list of companies,' Shen said. 'With our team's commitment to our mission and creativity, we look forward to continuing success at increasing economic development and opportunity in communities across the United States.' The 2025 list is based on revenue growth between 2020 and 2023. ALC showed a 261.9% growth over that period, with 28 employees in 2023. Today, ALC employs 60 people in offices worldwide. ALC is a private non-bank lending institution recognized nationally for small business lending focused on job creation and for its work with SBA 7(a) and other loan guarantees. More recently, ALC has helped rebuild multiple rural hospitals, alternative energy, and agricultural infrastructure projects. For example, ALC has participated in a next-generation geothermal energy project in Utah. The multiple phases of the project will create an estimated 6,600 construction jobs and 160 permanent full-time positions. ALC has provided financing for multiple rural hospital projects as well. 'Creating jobs to benefit communities is key to ALC's operating principles,' Stella Zhang, ALC's Chief Operating Officer, said. 'Whether that is done by supporting infrastructure or helping small businesses, it is a win-win.' Since its inception, ALC has proudly provided over $2.2 billion in loans and investments to thousands of companies of all sizes, empowering them to grow and thrive. This is the Financial Times' sixth annual ranking of the fastest-growing companies in the Americas. Companies are ranked by their compound annual growth in revenue. About American Lending Center: American Lending Center LLC (ALC), a mission-driven California-regulated lender, is a licensed SBA 7(a) and SSBCI lender. Together, ALCH and ALC have supported the creation or retention of over 140,000 jobs in the U.S. economy, underwriting impactful projects that foster economic growth. American Lending Center Holdings (ALCH) manages 14 EB-5 regional centers sponsoring projects across the United States. Since 2009, ALCH has raised EB-5 capital for over 100 projects in 31 states including I-956F approvals from USCIS of 27 projects. ALCH has been featured on the Inc. 5000 list of 'Fastest-Growing Private Companies in America' for five consecutive years (2020–2024) and was also ranked among 'America's Fastest Growing Companies' by Financial Times in 2021, 2022, 2023 and 2025. Follow American Lending Center on LinkedIn, Facebook, and Twitter.
