Tag: Corporation

Fidus Investment Corporation Schedules Third Quarter 2023 Earnings Release and Conference Call

Fidus Investment Corporation

EVANSTON, Ill., Oct. 19, 2023 (GLOBE NEWSWIRE) — Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its third quarter 2023 financial results on Thursday, November 2, 2023 after the close of the financial markets.

Management will host a conference call to discuss the operating and financial results at 9:00am ET on Friday, November 3, 2023. To participate in the conference call, please dial (866) 652-5200 approximately 10 minutes prior to the call. International callers should dial (412) 317-6060. Please ask to be joined into the Fidus Investment Corporation call.

A live webcast of the conference call will be available at https://investor.fdus.com/news-events/events-presentations. Please access the website 15 minutes prior to the start of the call to download and install any necessary audio software.

A webcast replay of the conference call will be available two hours after the call on the investor relations section of the Company’s website.

ABOUT FIDUS INVESTMENT CORPORATION

Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle-market companies, which management generally defines as U.S. based companies with revenues between $10 million and $150 million. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from debt investments and capital appreciation from equity related investments. Fidus seeks to partner with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.

Fidus is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. In addition, for tax purposes, Fidus has elected to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as

A little business enterprise owner with all of her income in SVB suggests the corporation was ‘jerked around’ by the ‘failures of the American banking system’

Kim (left), Vanessa (right) Pham hold Omsom food starter packs at Essex Market

Kim (remaining) and Vanessa Pham with their Omsom foods starter packs at Essex Marketplace.Crystal Cox/Insider

  • Silicon Valley Bank’s collapse had startup founders and enterprise capitalists in a panic last weekend.

  • The founders of Asian meals startup, Omsom, posted about the company’s working experience on social media.

  • Vanessa Pham mentioned the bank’s collapse threatened smaller corporations, in addition to rich VC corporations.

Vanessa Pham was demonstrating off her lemongrass BBQ sauce and yuzu miso glaze at the once-a-year convention Expo West last Thursday when she 1st read about Silicon Valley Bank’s struggles.

Fellow founders were being sharing articles or blog posts and having told by investors to go their funds out, Pham, the CEO and cofounder of Asian foodstuff starter enterprise, Omsom, stated in an email job interview with Insider. The news threw Pham into a spiral: All of  Omsom’s money was in SVB, a lender widely made use of by startups and venture capitalists.

Pham instantly attained out to her sister and cofounder, Kim, declaring their conversation “went from shock and disbelief, to dread and worry close to impacts to the organization.”

On Friday morning, Pham tried to wire the firm’s revenue out of SVB, but it was unsuccessful. That afternoon, SVB was shut down by federal regulators, and depositors lost accessibility to their accounts.

Quickly, the sisters went into “difficulty-resolving manner,” Pham mentioned, with Kim applying her past encounter in VC to faucet the firm’s investors for assistance. Pham’s track record in consulting assisted her program for the various outcomes that could come about relying on how substantially obtain they’d have to their money.

They also checked in on other little business owners to give resources and encouragement.

“There had been gives to intro each and every other to new banking companions, to share promising short-time period

‘Kick in the chest’: Ex-Googler just after corporation miscalculates inventory severance

Google has produced an error in the calculation of inventory severance for laid off team, according to a report by Company Insider. The tech giant educated its sacked staff members on Thursday that its email messages had pointed out an incorrect selection of shares as component of the severance bundle – a person of the finest in the field – introduced following cutting almost 12,000 careers.

A former google staff, who wished to remain anonymous, explained to Business Insider that the news of acquiring 40% less inventory than envisioned was a ‘second kick in the chest’ in a span of 3 months. On January 20, Google experienced announced its most significant layoffs until date and experienced despatched personnel facts of their specific severance package. Reportedly, the miscalculation happened thanks to double counting of the stock grants. The consequence: some laid-off workers will acquire tens or perhaps hundreds of hundreds of bucks lesser than initial estimates. Other ex-staff members accused the firm of creating confusion owing to a deficiency of clarity in the first email messages.

The former member of the engineering team claimed that despite the fact that the quantity of stocks allotted originally appeared a good deal, it felt like Google was making an work to ‘take care’ of the staff, who had been dealt a large blow with the job cuts. The lookup giant is regarded for its superior shell out scales and remarkable staff benefits. After acquiring the rude shock of the inventory revision, the ex-Googler reported that it alterations the planned ‘outlook’ towards approaching the layoff and was a massive concern for tension for the loved ones.

In the most recent e-mail, Google Men and women Operations apologised for the inaccurate figures, stating that though the public information and facts was accurate, it did not reflect

Alpha Motor Corporation Launches Reg CF Equity Offering on

Irvine, California, United States, Jan. 23, 2023 (GLOBE NEWSWIRE) — Alpha Motor Corporation (Alpha) announced its Reg CF Equity Offering, Electric Vehicles That Move Humanity™, on StartEngine a private investment platform regulated by the SEC. With over US$500,000 raised in less than 5 days, Alpha’s community of supporters is rapidly growing to accelerate the company’s vision and business plan to commercialize its EVs.

Leveraging patented technology, breathtaking design, and an executive leadership team with decades of automotive OEM experience, the innovative American automotive and mobility tech manufacturer is prepared to lead the EV revolution. 

“We believe the world has been waiting for our electric vehicles and Alpha will continue to strive towards market entry of our EVs,” said Alpha Motor Corporation.

Alpha Advantages

Patented Technology – Alpha has secured multiple patents, which protects proprietary design, patented technology, and development process to streamline expansion. Alpha believes that this unique advantage enables speed-to-market efficiency of its award-winning EV designs.

Strong Market Demand – Alpha has received over 52,500 vehicle preorder indications to date in addition to distribution agreements in Europe, the Middle East, and Asia. The EV market is expected to surpass US$1.5 trillion by 2030.

Experience and Ability to Execute – Alpha’s automotive business proficiency comes from decades of experience at major corporations. Alpha has formed OEM-level strategic partnerships in the U.S. to efficiently develop and manufacture highly competitive EVs.

Sales Leadership Experience

The company’s Advisory Board is appointed with exceptional industry leaders, including ex-Tesla executive Peter Bardenfleth-Hansen, who led the expansion of Tesla across Europe, the Middle East, and Japan, for ten years. Alpha currently has distribution agreements in Europe, the Middle East, and Asia, equating to an initial projected volume of 3,150 vehicles annually.

Confirmation of Market Feasibility

Alpha marked the successful completion of its proof-of-concept stage after