Silicon Valley Journals ChargePoint Holdings, Inc. (NYSE: CHPT), a prominent electric vehicle (EV) charging network, has announced a new credit agreement for a $150 million revolving credit facility. The credit facility is led by J.P. Morgan Chase Bank as Administrative Agent and Joint Lead Arranger, with HSBC Innovation Banking as Joint Lead Arranger. Citi and Goldman Sachs will … Read more
Ares Capital Corporation (Nasdaq: ARCC) has successfully priced an underwritten public offering of $600 million in aggregate principal amount of 7.000% notes due 2027. The maturity date for these notes is January 15, 2027, and they may be redeemed in whole or in part at Ares Capital’s discretion at any time at par plus a … Read more
Teleflex, a medical technologies provider, has entered into a definitive agreement to acquire Palette Life Sciences for an upfront cash deal of $600 million. Additionally, Palette will receive an extra $50 million from Teleflex based on certain commercial milestone achievements. Through this acquisition, Teleflex aims to expand its Interventional Urology portfolio, which includes the UroLift … Read more
Trucking company Yellow is reportedly preparing to file for bankruptcy as customers abandon the freight carrier amid a cash crunch and ongoing union negotiations. The potential bankruptcy filing puts Yellow at risk of liquidation, as it has been losing shipments to other operators due to concerns over potential labor disputes. hile the company has averted … Read more
U.S.-based fintech and consumer data analytics provider, GoLogiq, has announced its plans to acquire Symplefy, a Vietnam-based fintech platform specializing in innovative payroll and end-to-end human resource (HR) management solutions. The acquisition will be an all-stock transaction with a value of up to $30 million, depending on performance-based earnouts. Symplefy focuses on serving businesses in … Read more
LinkedIn, a leading professional networking platform owned by Microsoft Corp., recently faced workforce reduction as it laid off 187 employees in the Bay Area. The company’s decision to downsize its workforce came as a response to the challenges it encountered, particularly with its flagship lager Bud Light, which experienced declining sales. The job cuts affected … Read more
Beverage giant Bud Light has announced that it will lay off hundreds of corporate employees as sales of its flagship lager Bud Light have faltered. The job cuts will affect less than 2% of its U.S. employees, approximately 350 people out of its 18,000 employees nationwide. The layoffs will be across various corporate functions as … Read more
The partnership between InVentry and Hipla Technologies will drive innovation in the “worktech” sector, transforming the way businesses work globally.
The funding will further enable ev.energy to build on its growth and innovation, expand its global operations, and accelerate the clean energy transition by providing greener, cheaper, and simpler charging solutions for electric vehicles.
memoryBlue, a leading provider of outsourced sales development services, has announced the acquisition of Operatix, a sales acceleration services provider for B2B technology companies based in London, UK, with additional offices in the US and Singapore. The strategic merger brings together two market leaders in the industry to offer a global solution to customers and … Read more