Capital Archives - Zxcoachoutlet

Nitya Capital Opens Investment Opportunities to Public

October 10, 2020

Launching an innovative crowdfunding platform giving individuals the ability to be part of Nitya’s deals.

HOUSTON, Oct. 10, 2020 /PRNewswire/ — Nitya Capital LLC announces the release of a revolutionary crowdfunding platform, providing investors the power to attain interest in Nitya’s deals, never before open to the public.

Invest NOW in Real Estate Crowdfunding platform WITHOUT ANY FEES.

Housed within Nitya’s website, the crowdfunding platform provides a full-scale range of wealth fund options across asset classes, including multifamily and office properties. The crowdfunding platform is uniquely positioned to provide investors with a better offer by eliminating additional fees, typically passed along to investors using third-party crowdfunding models.

“This is a game changer for a lot of investors. We’ve built a platform that enhances the way people can invest in real estate by taking away the extra fees and giving them access to our ventures,” said

Mudrick Capital’s distressed debt SPAC Mudrick Capital Acquisition II files for a $300 million IPO

October 9, 2020

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Mudrick Capital Acquisition II, the second blank check company formed by distressed debt investor Jason Mudrick to acquire a post-bankruptcy business, filed on Friday with the SEC to raise up to $300 million in an initial public offering.

The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable $11.50. At the proposed deal size, Mudrick Capital Acquisition II would command a market value of $375 million.

The company is led by CEO and Chairman Jason Mudrick, the founder and CIO of distressed debt investment firm Mudrick Capital Management. Mudrick’s previous SPAC, Mudrick Capital Acquisition, went public in February of 2018 and recently closed on its acquisition of Hycroft Mining Holding (HYMC; -24% from $10 offer price) in May of this year. Mudrick Capital Acquisition II plans

Ares Capital Finally A Buy: Did You Miss It? (NYSE:AFC)

October 9, 2020

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Introduction

This article is part of a series discussing how to build a retirement portfolio using business development companies (“BDCs”) currently yielding over 12% and their safer notes – baby bonds/preferred shares with yield-to-maturities ranging from 6.5% to 10.0%.

The previous article discussed Fidus Investment (FDUS) that I recently purchased at $9.30 (40% discount to book value) for the reasons discussed in:

FDUS already is up 13% since my purchase as I timed the entry using a relative strength index of (“RSI”) of close to 30 before making purchases which also is discussed in the article.

BDC Buzz Buys More ARCC

I currently have 16 BDC positions including Ares Capital (ARCC) which I continue to purchase additional shares of as I believe that this is one of the “higher quality” BDCs. I recently purchased additional shares of ARCC for many reasons discussed in this article as well as its RSI

EXCLUSIVE-Duke Energy boosts capital spending to fight climate change

October 9, 2020

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By Ross Kerber

BOSTON, Oct 9 (Reuters) – Top U.S. utility Duke Energy Corp DUK.N plans billions of dollars of new spending this decade as it ramps up efforts to slash greenhouse gas emissions, executives told Reuters.

The move comes amid growing pressure from Democratic politicians and activist investors for power producers to reduce their hefty contribution to climate change.

“If you’re going to pursue the more aggressive carbon-reduction targets, you’re going to retire coal earlier, you’re going to be replacing it earlier with renewables, batteries, storage etcetera,” said Duke Chief Financial Officer Steve Young in an interview.

“That pushes up the capital profile,” he said.

According to Young and to an investor presentation to be made on Friday, Duke will boost projected capital spending by $2 billion to $58 billion for the period from 2020 to 2024, and projects a capital plan “in the range of $65 billion

WeissLaw LLP Investigates Social Capital Hedosophia Holdings Corp. III

October 8, 2020

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NEW YORK, Oct. 7, 2020 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Social Capital Hedosophia Holdings Corp III (“IPOC” or the “Company”) (NYSE: IPOC) in connection with the Company’s proposed merger with privately-held healthcare company Clover Health Investments, Corp. (“Clover Health”). Under the terms of the merger agreement, IPOC will acquire Clover Health through a reverse merger that will result in Clover Health becoming a publicly-listed company. The deal implies a value of $3.7 billion for Clover Health, including $1.2 billion in cash proceeds.

If you own IPOC shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

http://www.weisslawllp.com/IPOC/

Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16^th Floor
New York, NY 10036
(212)

Greycroft has rounded up $678 million in capital across two new funds

October 7, 2020

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Greycroft, the New York and L.A.-based venture firm founded in 2006 by investors Alan Patricof, Dana Settle, and Ian Sigalow, has closed on two new funds totaling $678 million in capital commitments. One of those funds is its sixth flagship early-stage fund and it closed with $310 million dollars. The firm also collected $368 million in commitments for a third growth-stage fund that it will use to support breakout startups from its early-stage portfolio.

The venture fund invests between $500,000 and $10 million in a first check, and Greycroft will invest up to $15 million in a portfolio company over multiple rounds. Checks from its growth fund begin at $10 million and the firm says it will invest up to $50 million in any one company.

Greycroft now counts seven partners altogether across its two offices, including Settle and Sigalow.

Patricof, who early in his career founded the predecessor to

Why Social Capital Hedosophia Holdings III Tanked on Tuesday

October 7, 2020

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What happened

Social Capital Hedosophia Holdings III (NYSE: IPOC) was a stock market stinker on Tuesday, cratering by nearly 14%. This followed news that the special purpose acquisition company (SPAC) was effectively buying health insurance provider Clover Health in a deal valued at $3.7 billion. This parking of Clover Health into a SPAC will turn it into a publicly traded company.

So what

Clover Health sells Medicare Advantage insurance plans in seven U.S. states. All told, its policy holders number over 57,000. These operations are harnessed to sophisticated data-dissemination capabilities, which Social Capital’s founder Chamath Palihapitiya claimed in a tweet result in “lower costs, less waste and, most importantly, better outcomes.”

Image source: Getty Images.

The deal is the latest SPAC acquisition — which is really a sort of reverse initial public offering (IPO), as it brings a company public via an existing entity — for busy financier Palihapitiya.

Its

Social Capital SPAC led by billionaire Chamath Palihapitiya will merge with Clover Health in $3.7 billion deal

October 6, 2020

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Chamath Palihapitiya wearing a suit and tie: Mike Windle/Getty Images for Vanity Fair

Social Capital Hedosophia Holdings Corp. III will merge with Medicare insurer Clover Health in a deal valuing the latter firm at $3.7 billion, according to a Tuesday press release.
The special-purpose acquisition company, or SPAC, led by billionaire Chamath Palihapitiya will use funds raised in its initial public offering to buy Clover Health and take the combined entity public.
The healthcare company “will build large market adoption and shareholder returns” by lowering patient costs and improving overall care, Palihapitiya said in his investment thesis.
Shares of the SPAC gained as much as 4% in early Tuesday trading.
Visit the Business Insider homepage for more stories.

The blank-check company led by billionaire investor Chamath Palihapitiya plans to merge with Medicare insurer Clover Health and take the combined entity public.

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Social Capital Hedosophia Holdings Corp. III

Japan eyes stress test on major banks to gauge impact of COVID-19 on capital

October 6, 2020

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By Leika Kihara

TOKYO, Oct 6 (Reuters) – Japan plan to conduct stress tests on its five major financial institutions this year that look into how the coronavirus pandemic could affect their earnings and capital, the central bank said on Tuesday.

Unlike many Western nations, where regulators stress tests many banks simultaneously based on standardised risk scenarios, Japan had relied on stress tests conducted individually by each bank.

As prolonged ultra-low interest rates prod major banks to diversify operations in search of yields, however, Japanese authorities decided to align their approach to that of their overseas counterparts, the Bank of Japan (BOJ) said in a report.

For the first time, the BOJ and banking regulator Financial Services Agency (FSA) conducted joint stress tests on five major financial institutions in December, it said.

The regulators presented its findings to the five institutions – Japan’s three megabanks plus Norinchukin Bank and