Latest news with #SeriesB
AU Financial Review
3 hours ago
- Business
- AU Financial Review
Sydney start-up scores $23m in US fund's first Aussie deal
Linkby, a Sydney advertising technology start-up founded by a former Young Rich Lister who co-founded the Pedestrian website, has secured a valuation close to $100 million in a maiden Australian funding round for a US venture capital firm. Chris Wirasinha founded the company alongside Andrew Chak and Adrian Fagerlund in 2020, and has raised $US15 million ($23 million) in a Series B round from Boston-based growth equity firm Volition Capital.
Business Wire
2 days ago
- Business
- Business Wire
TierPoint Parent Closes Upsized $250 Million Term Loan
ST. LOUIS--(BUSINESS WIRE)--The parent company of TierPoint – a leading, national enterprise data center company and provider of secure, connected IT platform solutions – today announced the closing of a $250 million term loan, a portion of which is a delayed draw term loan. Upsized due to strong investor interest, this facility complements TierPoint's asset-backed securitization (ABS) and variable funding notes (VFN) program. Net proceeds will be used to fund a portion of data center expansions and other growth-related capital expenditures; buy out leases at selected data centers; refresh capital drawn under the VFN; and redeem in full the Series B preferred equity. 'Our ability to continue successfully accessing the capital markets is a testament to the work of our world-class employees and the sustained growth that our company is delivering,' said TierPoint President and CFO Mary Meduski. 'That growth is fueled by robust market demand for our IT infrastructure solutions, including our market-leading colocation services for both enterprise and artificial intelligence workloads. This term loan positions us to continue capitalizing on that demand and serving our customers with excellence.' 'There is a clear market signal in the sustained improvement in financing terms and pricing that the company has attracted over time, now coupled with a flexible and sophisticated capital construct that sets TierPoint on a path to consolidate its unique advantages,' said Jason Zibarras, TierPoint Board Director and Managing Partner of Argo Infrastructure Partners, TierPoint's majority shareholder. Brice Soucy, Argo Director at TierPoint, added, 'This partnership with Apterra and our ability to attract a new group of lenders is key to supporting the next stage of TierPoint's growth during this period of accelerating market demand for TierPoint's infrastructure and capabilities.' Apterra Co-CEOs Michael Pantelogianis and Ralph Cho said, 'We are pleased to have led this term loan. The impressive investor demand reflects TierPoint's strong credit profile and robust business model.' Apterra Infrastructure Capital acted as lead arranger, sole bookrunner, and administrative agent for the transaction. CSC Delaware Trust Company is the collateral agent and depositary bank. Bank Street Group LLC and Seyfarth Shaw LLP served as advisor and counsel, respectively, to TierPoint's parent company. Milbank LLP served as counsel to Apterra. Perkins Coie served as counsel to CSC Delaware Trust. About TierPoint TierPoint ( has one of the largest and most geographically diversified U.S. enterprise data center footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast fiber network. TierPoint provides secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more. About Argo Infrastructure Partners Argo Infrastructure Partners LP, founded by Jason Zibarras, is an independent fund manager with a long-term approach to infrastructure investing. Argo invests in high-quality infrastructure businesses and assets that provide essential services to their communities over their long operational lives, including investments in utilities, renewable energy, digital infrastructure, transportation assets and other long-duration infrastructure assets. Argo's investment philosophy couples sound investment return with responsible and sustainable investing. As of June 2025, Argo manages over $6.4 billion in assets on behalf of its investor partners. For more information, visit
Los Angeles Times
6 days ago
- Health
- Los Angeles Times
Specialty Healthcare Operator Commons Clinic Raises $26 Million
Los Angeles-based Commons Clinic raised a $26-million Series B round, led by RA Capital, with participation from Floating Point, SteelSky Ventures, Time BioVentures, Courtside Ventures and Commons Clinic physicians. This brings its total funding to more than $60 million since inception. Funds will support an expansion of its specialty medical clinic with the launch of Wholebody by Commons Clinic, a multi-specialty suite connecting all of the organization's advanced preventative care offerings. 'Specialty healthcare too often begins after prevention fails. Patients lack timely access to specialized clinical expertise, leaving conditions to worsen over time before they receive treatment,' said Nick Aubin, chief executive and co-founder of Commons Clinic, in a statement. Board-certified cardiologist Dr. Jenica Ortega will lead the Wholebody program, with a specific focus on building its cardiac, metabolic, bariatric and women's health service lines. Additionally, Brad Hively, the former chief executive of The Oncology Institute, recently joined Commons' board. Information for this article was sourced from Common Clinics.
National Post
6 days ago
- Business
- National Post
Emera Incorporated Announces Conversion Privilege of Cumulative Rate Reset First Preferred Shares, Series A and Cumulative Floating Rate First Preferred Shares, Series B
Article content HALIFAX, Nova Scotia — Emera Incorporated ('Emera' or the 'Company') (TSX/ NYSE: EMA) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding Cumulative Rate Reset First Preferred Shares, Series A (the 'Series A Shares') or the Cumulative Floating Rate First Preferred Shares, Series B (the 'Series B Shares') of the Company on August 15, 2025. There are currently 4,866,814 Series A Shares and 1,133,186 Series B Shares outstanding. Article content As a result, subject to certain conditions set out in the prospectus supplement of the Company dated May 26, 2010, to the short form base shelf prospectus of the Company dated May 19, 2010, relating to the issuance of the Series A Shares and Series B Shares (collectively, the 'Prospectus'), on August 15, 2025 (the 'Conversion Date'): Article content Article content (a) the holders of Series A Shares have the right, at their option: Article content (b) the holders of Series B Shares have the right, at their option: Article content to retain any or all of their Series B Shares and continue to receive a floating rate quarterly dividend; or to convert any or all of their Series B Shares, on a one-for-one basis, into Series A Shares and receive a fixed rate quarterly dividend. Article content The conversion of Series A Shares is subject to the conditions that: (i) if the Company determines, after having taken into account all shares tendered for conversion by holders of Series A Shares, that there would remain outstanding on the Conversion Date less than 1,000,000 Series A Shares, all remaining Series A Shares will automatically be converted into Series B Shares on a one-for-one basis on the Conversion Date, and (ii) alternatively, if the Company determines that, after conversion, there would remain outstanding on the Conversion Date less than 1,000,000 Series B Shares, then no Series A Shares will be converted into Series B Shares. Article content The conversion of Series B Shares is subject to the conditions that: (i) if the Company determines, after having taken into account all shares tendered for conversion by holders of Series B Shares, that there would remain outstanding on the Conversion Date less than 1,000,000 Series B Shares, all remaining Series B Shares will automatically be converted into Series A Shares on a one-for-one basis on the Conversion Date, and (ii) alternatively, if the Company determines that, after conversion, there would remain outstanding on the Conversion Date less than 1,000,000 Series A Shares, then no Series B Shares will be converted into Series A Shares. Article content In either case, Emera will give written notice to that effect to the holders of Series A Shares and the holders of Series B Shares at least seven days prior to the Conversion Date, subject to the terms set out in the Prospectus. Article content The dividend rate applicable for the Series A Shares for the five-year period commencing on August 15, 2025, and ending on (and inclusive of) August 14, 2030, and the dividend rate applicable to the Series B Shares for the 3-month period commencing on August 15, 2025, and ending on (and inclusive of) November 14, 2025, will be determined on July 16, 2025. Notice of such dividend rates shall be provided to the holders of the Series A Shares and the holders of the Series B Shares on that day. Article content Holders of Series A Shares or Series B Shares who wish to exercise their conversion right should communicate with their broker or other nominee to obtain instructions for exercising such right during the conversion period, which runs from July 16, 2025, until 5:00 p.m. (EDT) on July 31, 2025. Notices received after this deadline will not be valid. As such, it is recommended that this be done well in advance of the deadline in order to provide their broker or other nominee with adequate time to complete the necessary steps. Article content Holders of Series A Shares who do not provide notice or communicate with their broker or other nominee by the deadline will retain their Series A Shares and receive the new annual fixed dividend rate applicable to the Series A Shares, subject to the conditions stated above. Holders of Series B Shares who do not provide notice or communicate with their broker or other nominee by the deadline will retain their Series B Shares and receive the floating rate quarterly dividend applicable to the Series B Shares, subject to the conditions stated above. Article content Holders of Series A Shares and Series B Shares will have the opportunity to convert their shares again on August 15, 2030, and every five years thereafter as long as the shares remain outstanding. For more information on the terms of, and risks associated with, an investment in Series A Shares and Series B Shares, please see the Company's Prospectus, which is available on SEDAR+ at Forward Looking Information Article content This news release contains forward-looking information within the meaning of applicable securities laws, including without limitation, statements about the Series A Shares and Series B Shares. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management's current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward- looking information will not prove to be accurate, that Emera's assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera's securities regulatory filings, including under the heading 'Enterprise Risk and Risk Management' in Emera's annual Management's Discussion and Analysis, and under the heading 'Principal Financial Risks and Uncertainties' in the notes to Emera's annual and interim financial statements, which can be found on SEDAR+ at or on EDGAR at Article content Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.6 million customers in the United States, Canada and the Caribbean. Our team of 7,600 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera's common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange. Additional information can be accessed at on SEDAR+ at and on EDGAR at Article content Article content Article content Article content Contacts Article content Emera Inc. Article content Article content Investor Relations Article content Article content Article content 902-474-2126 Article content Article content Article content Article content Article content
Yahoo
7 days ago
- Business
- Yahoo
Eigen Labs Axes 25% of Staff to Focus on Building EigenCloud
Eigen Labs cut its workforce by 25%, losing 29 roles, as CEO Sreeram Kannan said he restructured the company to focus on developing EigenCloud, what he called a 'verifiable' alternative to existing, opaque cloud services. The Seattle-based startup said the dismissals were not a cash-crunch response. The comany is backed by $220 million in venture funding, including a $100 million Series B round led by a16z in February that gave it a $1 billion valuation. "As difficult as these changes are, they sharpen our focus as a company and ensure our teams are structured to sustainably pursue a single, ambitious goal: to build the world's first verifiable cloud platform," Kannan said in a post on X. "We move forward with a tighter strategy, renewed energy, and a team laser-focused on our mission." EigenLayer, the restaking protocol that underpins the project, and its data-availability sibling EigenDA will remain online as part of EigenCloud, Kannan added in separate post. Employees leaving company will receive three months of pay, accelerated token vesting, continued health coverage, and help finding new jobs, he said. He also invited other crypto firms to recruit the departing staff, signaling a wish to keep talent inside the ecosystem. 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
