Latest news with #underwriters
Yahoo
3 days ago
- Business
- Yahoo
Jim Cramer Analyzes Bullish's Market Entry and Investor Interest
Bullish (NYSE:BLSH) is one of the stocks Jim Cramer shed light on. During the episode, Cramer discussed the stock after it went public. He commented: 'Today, a company called Bullish came public… The deal was more than 20 times oversubscribed, and the stock opened up for trading 143% from its offering price. Wow. The underwriters actually did their best to tamp enthusiasm. The deal was supposed to be 20.3 million shares, priced between 28 to 31, but it was indeed upsized to 30 million shares, then priced 32, 33. I would've taken that a little bit higher, but you know what, I mean, arguably, they could have upsized it much more and made the price much higher. nicholas-cappello-Wb63zqJ5gnE-unsplash Bullish (NYSE:BLSH) operates a digital assets exchange and provides market data, indices, and media services for the cryptocurrency and blockchain industry. The company offers the Bullish Exchange, CoinDesk Indices, market analytics, and news coverage. While we acknowledge the potential of BLSH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
4 days ago
- Business
- Yahoo
Unitil Announces Pricing of Common Stock Offering
HAMPTON, N.H., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) ( (the 'Company') today announced that it has priced its previously announced public offering of 1,393,355 shares of its common stock at a price of $46.65 per share. The offering is expected to close on August 18, 2025, subject to customary closing conditions. The Company has granted the underwriters of the offering an option to purchase up to an additional 209,003 shares of common stock at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds from the offering to (i) make equity capital contributions to its regulated utility subsidiaries, (ii) to repay indebtedness outstanding under its Second Amendment to Third Amended and Restated Credit Agreement dated January 29, 2025 among the Company, Bank of America, N.A. (as administrative agent), and the lenders named therein and (iii) for general corporate purposes. Wells Fargo Securities, LLC and Scotia Capital (USA) Inc. are acting as active bookrunners for the offering. Janney Montgomery Scott LLC is acting as bookrunner for the offering. The offering of common stock is being made by means of a prospectus supplement under the Company's effective registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission ('SEC'). This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The offering may be made only by means of a prospectus supplement relating to such offering and the accompanying prospectus. The preliminary prospectus supplement and the accompanying prospectus related to the offering will be available on the SEC's website at To obtain a copy of the prospectus supplement and related base prospectus for this offering, please contact Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at (800)-645-3751 (option #5) or email a request to WFScustomerservice@ About Unitil Corporation Unitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more efficient energy. Unitil Corporation is a public utility holding company with operations in Maine, New Hampshire and Massachusetts. Together, Unitil's operating utilities serve approximately 109,400 electric customers and 97,600 natural gas customers. For more information about our people, technologies, and community involvement please visit Forward-Looking Statements This press release contains forward-looking statements. All statements, other than statements of historical fact, included in this press release are forward-looking statements. Forward-looking statements include declarations regarding Unitil's beliefs and current expectations. These forward-looking statements are subject to the inherent risks and uncertainties in predicting future results and conditions that could cause the actual results to differ materially from those projected in these forward-looking statements. Some, but not all, of the risks and uncertainties include the following: the ability of the parties to consummate the offering in a timely manner or at all; Unitil's regulatory environment (including regulations relating to climate change, greenhouse gas emissions and other environmental matters); fluctuations in the supply of, the demand for, and the prices of, energy commodities and transmission and transportation capacity and Unitil's ability to recover energy commodity costs in its rates; customers' preferred energy sources; severe storms and Unitil's ability to recover storm costs in its rates; general economic conditions; variations in weather; long-term global climate change; unforeseen or changing circumstances, which could adversely affect the reduction of company-wide direct greenhouse gas emissions; Unitil's ability to retain its existing customers and attract new customers; increased competition; and other risks detailed in Unitil's filings with the SEC. These forward-looking statements speak only as of the date they are made. Unitil undertakes no obligation, and does not intend, to update these forward-looking statements except as required by law. For more information please contact: Christopher Goulding – Investor RelationsPhone: 603-773-6466Email: gouldingc@ 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
Yahoo
5 days ago
- Business
- Yahoo
10 Million Reasons to Sell Circle Stock Here
After a monster rally since hitting the public markets in June, shares of Circle Internet Group (CRCL) nosedived almost 6.2% on Aug. 13 after the stablecoin issuer revealed its plans to offer 10 million Class A shares to the public. Two million of the shares will be issued by the company, while a hefty 8 million will come from existing shareholders. The offering also includes a greenshoe option for an additional 1.5 million shares, potentially amplifying dilution for current holders. Circle expects to raise roughly $309.4 million from its portion of the offering, or as much as $542.6 million if underwriters exercise their greenshoe option in full. The company says the proceeds will fuel working capital needs, cover payment obligations, and support business investments and potential acquisitions, giving it more firepower to expand its stablecoin footprint. Of course, Circle will not receive any proceeds from the shares sold by existing stockholders. More News from Barchart Why This Cannabis Penny Stock Could Be Wall Street's Next Meme Trade Breakout Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy? Anthony Pompliano Is Buying Opendoor Stock. Should You? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. With 80% of the secondary offering coming from existing stakeholders, the move signals clear profit-taking by insiders, including the company's CEO, Jeremy Allaire. Moreover, coming just two months after the IPO, the secondary offering has raised questions about the company's outlook, sparked concerns over short-term dilution and has momentarily eclipsed its strong top-line growth in the latest earnings report, as well as its ongoing efforts to advance stablecoin infrastructure. About Circle Stock New York-based Circle is a global fintech firm that helps businesses of all sizes use digital currencies and public blockchains for payments, commerce, and other financial applications. Through its regulated affiliates, it issues USDC and EURC, fully backed stablecoins pegged to the U.S. dollar and euro respectively, and runs one of the most widely used stablecoin networks. Circle, which made its public debut on June 5, is quickly emerging as a rising star in the stablecoin world and the crypto industry. The momentum grew even stronger after the GENIUS Act passed in July, setting clear rules and protections for asset-backed digital tokens like those tied to the U.S. dollar. A big chunk of Circle's revenue comes from interest earned on short-term U.S. Treasury bills that back its dollar-based stablecoin, USDC. Valued at roughly $38.1 billion by market capitalization, this stablecoin issuer's stock has been feeling the heat lately following a mixed earnings report and uncertainty surrounding a planned 10 million-share secondary sale. After an eye-popping triple-digit surge since its market debut, the rally has lost steam, sliding nearly 47% from its July high of $262.97. Over the past five days, shares have dipped 9%, signaling a cooling-off period after its explosive run. Despite its recent selloff, Circle still trades at 16.46 times sales, far above the industry average of 3.29x. This sizable premium reflects the strong confidence investors have in the company's growth prospects, while also highlighting that much of the anticipated success may already be priced into the stock. Inside Circle's Q2 Earnings Report Circle dropped its first earnings report since its blockbuster public debut on Aug. 12, which gave investors plenty to digest. In the second quarter of fiscal 2025, total revenue came in at $658.1 million, up a hefty 53% from a year ago and topping Wall Street's $644.7 million estimate. The jump was powered by an 86% surge in average USDC in circulation. By the quarter's end, USDC supply had swelled 90% year-over-year (YOY) to $61.3 billion and has since grown another 6.4% to $65.2 billion as of Aug. 10. Adjusted EBITDA also climbed 52% YOY to $126 million, reflecting the stablecoin's rapid adoption. The headline numbers, however, were overshadowed by a steep bottom-line hit. Circle posted a net loss of $482.1 million, or $4.48 per share, compared to a $32.9 million profit, or breakeven per share, in the year-ago period. The loss was largely the result of $591 million in non-cash charges tied to the company's June IPO. Moreover, adjusted operating expenses shot up 22% annually to $128.2 million. On the growth front, Circle unveiled 'Arc,' its own proprietary blockchain aimed at powering stablecoin payments, foreign exchange, and capital markets applications. Arc will be built into the company's broader platform and is expected to start developer testing this fall. The company also rolled out a slate of new strategic partnerships with Binance, Corpay (CPAY), FIS (FIS), Fiserv (FI), and OKX, strengthening its global reach. Looking forward to fiscal 2025, Circle is guiding for $75 million to $85 million in other revenue, with adjusted operating expenses between $475 million and $490 million. The crypto company also sees USDC circulation expanding at a 40% compound annual growth rate (CAGR) over the cycle, underscoring its bullish outlook for the stablecoin market. What do Analysts Think About Circle Stock? After the company's latest earnings report, US Tiger Securities analyst Bo Pei has dialed back his optimism, cutting Circle's price target from $200 to $180. While acknowledging the company's strong foothold in regulated stablecoins and the upcoming Arc blockchain, the analyst flagged mounting risks, shrinking profit margins, rising operating costs, and heavy reliance on interest income from reserves. With 96% of revenue still tied to interest-sensitive assets, a Fed rate cut could sting. Plus, the stock's steep valuation leaves little room for error. Overall, Wall Street appears divided on Circle's outlook, with the stock carrying a consensus 'Hold' rating that reflects a tug-of-war between bullish optimism and bearish caution. Of the 14 analysts tracking the company, five are firmly in the 'Strong Buy' camp, while one takes a softer stance with a 'Moderate Buy.' On the flip side, four analysts are content to sit on the sidelines with a 'Hold,' and another four are decidedly bearish, labeling it a 'Strong Sell.' CRCL's average analyst price target of $183.54 indicates 19.8% potential upside from current levels, while the Street high price target of $280 suggests that the stock can climb as much as 82.8% from here. On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
5 days ago
- Business
- Yahoo
Nasus Pharma Announces Closing of Initial Public Offering
TEL AVIV, Israel, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Nasus Pharma Ltd. (NYSE: NSRX) ('Nasus Pharma' or the 'Company'), a clinical-stage pharmaceutical company focused on the development of innovative intranasal products to treat emergency medical conditions, today announced the closing of its initial public offering of 1,250,000 ordinary shares ('Ordinary Shares') at a public offering price of $8.00 per Ordinary Share. The gross proceeds of the offering were $10 million, prior to deducting underwriting discounts, commissions, and other offering expenses. Nasus Pharma's shares began trading on the NYSE American LLC exchange on August 13, 2025 under the ticker symbol 'NSRX'. Nasus Pharma has granted the underwriters an option for a period of up to 45 days from the date of the final prospectus, to purchase up to an additional 187,500 Ordinary Shares at the initial public offering price, less the underwriting discounts and commissions. The Company intends to use the net proceeds from the initial public offering for furthering the development of its intranasal Epinephrine program, including, manufacturing scale-up and additional Phase 2 studies, and the remainder for general and administrative corporate purposes, including working capital, and capital expenditures. Laidlaw & Company (UK) Ltd. and Craft Capital Management LLC acted as Joint Bookrunners for the offering. A registration statement on Form F-1 (File No. 333-288582) (the 'Registration Statement') relating to the initial public offering was filed with the Securities and Exchange Commission ('SEC') and declared effective by the SEC on August 12, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities referred to herein nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus forming a part of the Registration Statement. A copy of the final prospectus relating to this offering has been filed with the SEC and copies of the final prospectus can be obtained by contacting Laidlaw & Company (UK) Ltd., 521 Fifth Ave, 12th Floor, New York, NY 10075, or by calling 212-953-4900 or by e-mailing syndicate@ About Nasus Pharma Nasus Pharma is a clinical-stage pharmaceutical company developing a number of intranasal powder products addressing acute medical conditions in the community. NS002, Nasus's intranasal powder Epinephrine product candidate is being developed as a needle-free alternative to Epinephrine autoinjectors for patients with anaphylaxis. Intranasal administration is most suitable for those situations in which rapid drug delivery is required and offers needle free, easy to use alternatives. Nasus proprietary powder-based intranasal ('PBI') technology is designed for rapid and reliable drug delivery, leveraging the nasal cavity's rich vascular network for quick absorption. The PBI formulation uses uniform spherical powder particles for broad dispersion and potentially faster, higher absorption compared to liquid-based nasal products. Forward Looking Statements This press release contains 'forward-looking statements' that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including, among other things: statements related to the expected use of proceeds from the Company's initial public offering. Forward-looking statements contained in this press release may be identified by the use of words such as 'anticipate,' 'believe,' 'contemplate,' 'could,' 'estimate,' 'expect,' 'intend,' 'seek,' 'may,' 'might,' 'plan,' 'potential,' 'predict,' 'project,' 'target,' 'aim,' 'should,' "will' 'would,' or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled 'Risk Factors' in the final prospectus related to the initial public offering filed with the SEC. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law. Contactinfo@ Pharma Ltd. Israelhttps:// Investor ContactMike MoyerLifeSci Advisors+1-617-308-4306mmoyer@
Forbes
5 days ago
- Business
- Forbes
Voice AI Is Changing How We Do Business, Starting With Loans
Putting all the pieces together to secure a loan isn't easy. Back when I was a mortgage broker, much of my day was spent tracking down bank statements, W-2 pay stubs, and countless other pieces of paperwork. I kept all this in manila folders for my clients, alternating my time between sales prospecting and battling underwriters to get my loans through to closing. The Loan Bottleneck Challenge The many hours involved in pushing a mortgage across the finish line were daunting, the work tedious and dull, both for me and my clients. And if that's true for home loans, the problem is exponentially worse in commercial lending. Loqate, a global location data and address verification firm, cited a recent related statistic in its report from Forrester that '54% of people filling out financial application forms abandon them prior to completion, and on top of this, a recent study by SaleCycle saw financial abandonments reach an average of 76%.' But here's what shocked me: for commercial loans, that number can jump even higher. All those abandoned loans represent entrepreneurs' dreams deferred, expansions delayed, equipment un-purchased, growth stalled. By the same token, they hint at money that's flowing into neither the pockets of loan officers nor the brokerages employing them. An AI That Talks You Through the Loan Process? Enter: a conversational AI meant to streamline this fractured—if not broken—process. Two young entrepreneurs, Yash Goenka and Rohan Datta, are behind the artificially intelligent platform. Their brainchild recently landed them in the Y Combinator accelerator program where they join the prestigious ranks of other startups, including Airbnb, Dropbox, Stripe, DoorDash, and more. That's also the same valuable network that a guy you may have heard named Sam Altman once ran as its president. I had the chance to speak to Goenka and Datta about why Voice AI is upending how we do business, starting with loans. "We call abandoned applicants within minutes while they're still at their computer, still motivated," says Goenka. "Our AI will spend 45 minutes explaining what a debt service coverage ratio is without any frustration. Try finding a human who'll do that cheerfully on the hundredth call." Instead of relying on a text bot with canned answers, their system automates the whole loan workflow. The power of talking AI agents assists borrowers from the moment they first fill out a form to when their completed application lands on an underwriter's desk. 'Think of it as your own 24/7 sales development rep, loan processor, and AI assistant, rolled into one,' Datta adds. Why Voice AI is Different Before delving into how works a bit more, let's discuss the phenomenon that is Voice AI. You've most likely had the annoying experience of dealing with what I will call 'dumb' automated phone agents. I even had one today that left me shouting into the receiver, 'Just connect me with a human!' Voice AI is not that. In May of this year, the Wall Street Journal described the next generation version this way: 'Automated voice programs are being upgraded from old-school systems with little or no AI to newer speech-to-text and text-to-speech models combined with large language models. If the technology lives up to its promise, the shift might improve the customer experience at a range of companies and reduce their costs in the process.' "The convergence of three technologies changed everything," Datta explains. "Latency dropped below 500ms—fast enough for natural conversation. LLMs, like ChatGPT, can now maintain context across thirty-minute financial discussions. And voice synthesis became indistinguishable from humans." While that's undoubtedly true, what's more important to this conversation is how voice AI stands to improve operations for tomorrow's companies, starting with lending. Returning to my own experiences as a loan officer, there were two major components to my job: Voice AI, by way of seeks to manage part one, handling the soul-sucking part of working in this business. Beyond pre-qualifying applicants and coordinating the paperwork needed to complete a loan, it also coaxes borrowers along, ensuring less of them prematurely exit the process. If a borrower stalls in the midst of an application, for instance, because they cannot locate their EIN number—or because they simply find the whole thing too frustrating and convoluted to go on—the AI will step in. It will also happen in a more natural way than a text box pinging them with pre-programmed messages. Instead, a (natural-sounding) voice agent will call the borrower back to find out what happened and how to fix it. As you can expect, such handholding, if performed correctly, can lead to higher application completion rates and ultimately, more closed loans, a win-win scenario. It makes sense that the lending industry is embracing such tech. Sophisticated AI seeks to alleviate the slog of paper-pushing to help businesses access the capital they need to grow. "Lending is uniquely perfect for voice AI," Goenka explains. "It's high-stakes enough that people want to talk to someone. Nobody wants to get a business loan through a chatbot. Yet it's also process-driven enough that AI can actually help. There are correct answers to questions like, 'What documents do I need?' AI can be trained to handle these perfectly." It's important to note we're not talking about yesteryear's voice agents. Thanks to AI, they're getting better all the time. Much better. Anecdotally, I have interacted with Voice AIs that sound incredibly human, down to the nuances of person-to-person communication, even the 'ums' and 'uhs' indicating authentic-sounding exchanges. In fact, the only thing that alerted me I was talking to an AI was the unnatural pause it took between responses. Several seconds were often required, taking me out of the moment. This is but a slight hiccup that we can naturally assume will be corrected in short order. The key part of this interaction Goenka and Datta have hit upon is the ease of voice versus text communication. Like it or not, we are no longer a literate nation. People don't read books. Sadly, they don't even read Forbes articles as much as they once did. Therefore, they have little patience with typing their way through complex commercial loan applications asking for financial statements, tax returns, and business projections. They just want someone—anyone—to solve their problem fast so they can get on to their next task. From Loan Officer to Trusted Advisor This represents the real utility behind Voice AI and the reason Silicon Valley, not to mention, Big Business, is betting big on it. Even so, the former loan officer in me can't help but wonder if this job will still exist in five years. According to our young entrepreneurs, the answer is yes. As Goenka explains, 'Just like ATMs didn't get rid of bank tellers, Voice AI will not do away with the all-important human touch. In five years, AI will handle all application intake, document collection, and basic underwriting. Loan officers will shift into more strategic, high-value roles: becoming trusted advisors, closers, and relationship managers.' A few years ago, I might've disagreed with him, so certain I was that AI would gobble up all jobs like the insatiable leviathan pundits warn us about. Not anymore. The fact is people want to do business with people. We like other humans. And we really like being more productive—any way we can. Voice AI is enabling such breakthroughs, leading to more money in the pockets of brokers, more deals for brokerages, more commercial loans, and more prosperity overall. Now, that's a future worth celebrating.
