Latest news with #Private
Yahoo
a day ago
- Business
- Yahoo
Dime Announces Receipt of Federal Reserve and NYDFS Approvals for Lakewood, NJ Branch Location
HAUPPAUGE, N.Y., June 02, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the 'Company' or 'Dime'), the parent company of Dime Community Bank (the 'Bank'), announced it has received approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a branch location in Lakewood, New Jersey. The branch will be located at 500 Boulevard of the Americas, Lakewood, New Jersey, pending approval from the New Jersey Department of Banking and Insurance. As previously announced, construction of the branch is expected to start in the second half of 2025, with the branch opening planned for early 2026. ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1). Dime Community Bancshares, Relations Contact:Avinash ReddySenior Executive Vice President – Chief Financial OfficerPhone: 718-782-6200; Ext. 5909Email: ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets. FORWARD-LOOKING STATEMENTSStatements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.
Fashion Value Chain
2 days ago
- Business
- Fashion Value Chain
P4s Go Phygital with EQUIPPP & SMAAX
EQUIPPP (Expression of Equity Interest in Public and Private Partnerships) facilitates the evolution of Public-Private-People Partnerships (P4s), as the name suggests, between governments, organizations, local bodies, social impact investors, CSR foundations, and others by offering suitable and customized solutions powered by technology and finance. EQUIPPP partners with SMAAX to evolve P4s in entertainment, sports & rural creator economy, leveraging expertise from operating SIIMA, CCL, INCA, Streaming Awards SMAAX Digitech Pvt. Ltd. ('SMAAX') is a high-impact IP-led media-tech company and the exclusive operator of South Indian International Movie Awards (SIIMA), Celebrity Cricket League (CCL), and several upcoming initiatives, including INCA and the Streaming Academy Awards. EQUIPPP and SMAAX have partnered to combine their respective strengths to foster and evolve Public-Private-People Partnerships (P4s) in the domains of entertainment, sports, and the rural creator economy, further augmenting EQUIPPP's ongoing efforts in the social impact ecosystem. To strengthen this relationship-approved in principle by EQUIPPP's Board at its meeting held on 30th May 2025-EQUIPPP will acquire a 51% equity stake in SMAAX and initiate a strategic infusion of â¹15 crore. This will help consolidate ownership and establish strategic control over SMAAX's growing media-tech portfolio, which includes SIIMA, CCL, INCA (Indian National Cine Academy), and the Streaming Academy Awards. The enterprise value of SMAAX post-consolidation is capped at â¹150 crore, ensuring a structured and aligned growth roadmap for both entities. EQUIPPP is now synonymous with P4, a framework that is gaining national momentum. Both the Telugu states, which boast a successful diaspora across the globe, are adopting the P4 approach to advance their holistic development goals. This is evident from Telanganas recent 'by the industry, for the industry' BFSI skill development program implemented in P4 mode and shaped by EQUIPPP, as well as initiatives like leveraging philanthropic and CSR capital through T-Fiber to connect 26,000 schools with internet access. The Government of Andhra Pradesh has adopted P4 as a policy to alleviate poverty, while the Government of Madhya Pradesh is actively pursuing outcome-based funding models. This partnership will initially focus on co-developing P4s across sectors such as entertainment, sports, and the rural creator economy through a Phygital model. Vindhya Dronamraju, Wholetime Director, EQUIPPP said, 'EQUIPPP was registered as a trademark with GOI in 2015 as an online platform connecting people to intercommunicate and post interests and intentions regarding equity participation, grants, or donations for common social causes. Further, in 2019, we collaborated with Columbia University Press's Social Value Investing Framework authors and launched their book in India, which explains the cross-sector collaboration approach.' Further she noted that 'I am happy to see that, after 10 years, there is finally light for this collaboration framework of P4 which is synonymous to EQUIPPP in thought and spirit. We are excited to join hands with SMAAX, as the verticals of sports and entertainment will bring greater visibility to P4s and make them truly Phygital.' Vishnu Vardhan Induri, Director, SMAAX said, 'This partnership with EQUIPPP enables us to turn powerful ideas into tangible impact using the P4 model. We will jointly launch Balloon Theatres under the P4 framework where the cinema spaces will be operated in collaboration with local entrepreneurs and CSR partners, offering revenue-sharing models and community ownership.' He further said that 'In parallel, we will use the P4 approach to establish Rural Sports Leagues, in sports such as Kabaddi, Cricket, Volleyball, and Athletics. These leagues will be co-owned by private partners, supported by local governments, and managed by rural entrepreneurs. Together, EQUIPPP and SMAAX aim to build the new operating system for P4s-powered by creativity, collaboration, and cultural capital-enabling sector-wise and geography-wise participation through truly Phygital formats.'
Business Wire
3 days ago
- Business
- Business Wire
INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Broadmark Realty Capital Inc., Ready Capital Corporation, Others and Announces Opportunity for Investors with Substantial Losses to Lead Lawsuit – BRMK; RC
SAN DIEGO--(BUSINESS WIRE)--The law firm of Robbins Geller Rudman & Dowd LLP announces that holders of Broadmark Realty Capital Inc. (NYSE: BRMK) common stock as of the record date of the May 2023 merger between Broadmark and Ready Capital Corporation (NYSE: RC) ('Merger'), have until July 28, 2025 to seek appointment as lead plaintiff of the Broadmark class action lawsuit. Captioned Grant v. Broadmark Realty Capital, No. 25-cv-01013 (W.D. Wash.), the Broadmark class action lawsuit charges Broadmark, Ready Capital, certain of Broadmark's and Ready Capital's top executives and directors, and Ready Capital's external asset manager with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Broadmark class action lawsuit, please provide your information here: CASE ALLEGATIONS: Broadmark and Ready Capital are real estate investments trusts. On May 30, 2023, Broadmark shareholders voted to approve the merger of Broadmark and Ready Capital, which closed the next day. The Broadmark class action lawsuit alleges that the proxy statement used to solicit the support of Broadmark shareholders for the Merger contained false and/or misleading statements and/or failed to disclose that: (i) a material portion of borrowers within Ready Capital's originated portfolio were experiencing significant financial distress due to high interest rates that had increased their borrowing costs; (ii) an oversupply of multifamily properties in Ready Capital's markets of operation had severely limited the ability of Ready Capital borrowers to raise their rents by the amounts necessary to cover their growing debt costs; (iii) a major development project acquired in Ready Capital's acquisition of Mosaic Real Estate Credit, LLC, Mosaic Real Estate Credit TE, LLC, and MREC International Incentive Split, LP (a Ritz-Carlton located in Portland, Oregon), which accounted for approximately $500 million of Ready Capital's acquired loan portfolio, had experienced catastrophic setbacks since its inception, including significant cost overruns, construction delays, and funding shortfalls; (iv) as a result, Ready Capital's Current Expected Credit Loss reserves and expected credit losses were materially understated; and (v) consequently, Ready Capital's financial projections regarding Ready Capital's Distributable Earnings per share, dividends per share, and book value per share had no basis in fact when made. The price of Ready Capital stock has remained significantly below the Merger price as of the time the Broadmark class action lawsuit was filed. The plaintiff is represented by Robbins Geller, which has extensive experience in prosecuting investor class actions including actions involving financial fraud. You can view a copy of the complaint by clicking here. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who held Broadmark common stock as of the record date of the Merger to seek appointment as lead plaintiff in the Broadmark class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Broadmark class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Broadmark class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Broadmark class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices.
Yahoo
26-05-2025
- Business
- Yahoo
CWTI Private Placement for up to $220,000
GUELPH, Ontario, May 26, 2025 (GLOBE NEWSWIRE) -- Current Water Technologies Inc. (TSX-V:WATR) ('CWTI' or the 'Company') announces that, subject to regulatory approval and formal documentation, the Company is offering a non-brokered, private placement financing for gross proceeds of up to $220,000. The Private Placement will be for up to 7,333,333 Units at a price of $0.03 per unit. Each unit will be comprised of one Common Share and one Share Purchase Warrant ('Warrant'). One Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.06 per Share, which is exercisable for a period of three (3) years from the date of closing. The proceeds of this Private Placement will be used for equipment, sales activities and general working capital purposes. There are no finder's fees associated with this private placement financing. The Company anticipates closing the financing on or about June 02, 2025. The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange (the 'TSXV'). The securities issued under the Offering are subject to a hold period ending on the date that is four months plus one day following the date of issue in accordance with applicable securities laws. About Current Water Technologies Inc. Current Water Technologies is a 'Technology Company' applying its patented and proprietary 'Electrochemical Technologies' to the treatment of waste water, desalination water and drinking water contaminated by metals or nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. Pumptronics Incorporated, a division of the Company, is an integrated pump station manufacturer specializing in custom design and automation. The common shares trade on Tier ll of the TSX Venture Exchange under the symbol 'WATR'. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. FOR FURTHER INFORMATION PLEASE CONTACT: Dr. Gene S. Shelp, Ph.D., President and CEO Tel: (519) 836-6155 Fax: (519) 836-5683 E-mail: gshelp@ Web Site: Forward Looking Statements This news release contains forward-looking statements within the meaning of the 'safe harbour' provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Current Water Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Current Water believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. Current Water undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or 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
Yahoo
20-05-2025
- Business
- Yahoo
Sentinel Holdings Announces Jon Rodenspiel to Join The United Security Specialists, Inc. Team
SALT LAKE CITY, UT / / May 20, 2025 / Sentinel Holdings Ltd. ("Sentinel") (OTCQB:SNTL) announced today that it has retained the services of Jon Rodenspiel to join the senior leadership team at United Security Specialists, Inc. ("USS"), a wholly owned subsidiary of Sentinel. In addition to providing strategic leadership and management, Mr. Rodenspiel will play a key role in promoting USS' business development activities and assisting in expanding its marketing, management, and operational capabilities. Mr. Rodenspiel brings over 30 years of corporate and managerial experience in the security and customer service industries to Sentinel. Most recently, he served as Senior Vice President at Allied Universal from August 2016 to October 2023, where he oversaw operations and sales with budget responsibility for $400 million in revenue. Under his leadership, Allied Universal achieved year-over-year EBITDA growth, and his strategic vision facilitated the expansion of networks with national and international clients. Prior to that, Jon held senior roles at AlliedBarton Security Services, including Managing Partner of the Northwest Region and Vice President of National Accounts and Government Services, managing portfolios exceeding $300 million in revenue and leading teams of up to 7,000 employees. His expertise in developing operational standards, quality assurance programs, and key performance indicators (KPIs) has consistently driven industry-leading client retention and satisfaction. Kyle Madej, CEO of USS, stated, "We are excited to welcome Jon to our team. His extensive experience in the security industry will be instrumental in taking USS to the next level by improving our operations, enhancing our service offerings, and unlocking access to new markets." Sentinel Holdings Ltd, through its subsidiary United Security Services provides guard services to a diverse client base in California, serving corporate and municipal sector security markets. In addition to delivering reliable security guard services for property management companies, investment corporations, and municipalities, USS offers property security risk assessments, mobile route patrols, special event security, and disaster support services. The company is pursuing growth opportunities through organic expansion and strategic acquisitions. For more information, contact: Sentinel Holdings Executive Offices:9160 South 300 West, #101Sandy, UT Kip Eardley, PresidentSentinel Holdings, Ltd.(702) 237-6834 Kyle Madej, PresidentUnited Security Specialists, Inc. 1793 Lafayette St., Santa Clara SEC Disclaimer Notice: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates, and projections about Sentinel Holdings Ltd.'s business, including the anticipated contributions of Jon Rodenspiel and the growth plans of United Security Specialists, Inc. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to, economic conditions, market demand, competitive pressures, and the company's ability to successfully integrate new leadership and execute its growth strategy. Sentinel Holdings Ltd. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. For additional information, please refer to the company's filings with the U.S. Securities and Exchange Commission. SOURCE: Sentinel Holdings LTD View the original press release on ACCESS Newswire 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
