Bit Digital Jumps 18% After Closing $80 Mln Private Placement
Shares of Bit Digital, Inc. (BTBT) are gaining over 18% on Tuesday morning. The company announced it closed a previously announced private placement of 13.5 million ordinary shares.
The company also issued to the investors unregistered warrants to purchase up to an aggregate of 10.1 million ordinary shares. The purchase price for one ordinary share and one warrant to purchase three-fourths of an ordinary share is $5.93.
The proceeds from the private placement were approximately $80 million before deducting placement agent fees and other estimated offering expenses.
BTBT is currently trading at $9.03, up $1.44 or 18.97%, on the Nasdaq. The stock has traded between $3.40 and $33.00 in the 52 week period.
Dream Finders Homes Buys Certain Assets Of McGuyer Homebuilders For $471 Mln Cash
Dream Finders Homes, Inc. (DFH) announced Tuesday that it has acquired certain assets of privately held homebuilder McGuyer Homebuilders, Inc. for $471 million in cash at closing, subject to post-closing adjustments.
The deal includes the homebuilding, mortgage banking and title insurance assets of McGuyer. The assets acquired include 1,850 home sites, a backlog of 1,845 homes with a value in excess of $1 billion and 5,500 lots under control.
As a result of the acquisition, DFH will own or control over 40,000 lots.
DFH expects the acquisition to significantly increase its geographic operations in the Austin metro area. The deal will also allow DFH to expand into Texas markets of Houston, Dallas and San Antonio.
The backlog of 1,845 units in the deal are expected to generate revenues in excess of $1 billion over the next 12 to 18 months. The majority of the assets acquired are homes under construction, which are anticipated to be delivered from the period immediately after closing and over the next 270 days.
During a second closing in the fourth quarter of 2021, DFH expects to acquire MHI’s model home portfolio of 90 units with an estimated retail value of $65 million.
Following the deal, MHI’s CEO and all of their employees will remain with the combined company and continue to operate the existing and new home communities under the Coventry Homes brand.
Jason Ross & Former AMC & Spotify Execs Team To Launch Podcast Firm Fresh Produce Media
EXCLUSIVE: The booming podcasting sector is getting another player.
Jason Ross, who founded consultancy Mercer + Ross, has launched Fresh Produce Media with a cadre of television, film and streaming veterans.
The company will focus on developing and producing narrative audio series and has also struck a number of development deals with the likes of Mick Jagger’s Jagged Films, Gerber Pictures and sports-centric studio game1.
Fresh Produce currently has ten series in production across the arts, entertainment, music storytelling, wellness, sports, true crime, and science fiction genres.
The team includes former IFC and AMC exec Colin Moore, who will oversee content and development, Maureen Traynor, former head of business operations at Spotify Studios, who will run operations, and ex-Radical Media exec Joe Killian, who will focus on growth.
Its first development deal is with game1, founded by Sicario producer Basil Iwanyk and sports industry exec Greg Economou. It also has development and production deals underway with Oso Studios and Omega Institute.
Jason Ross said, “We are excited to be introducing new stories and voices to the narrative audio space. We’re not in this just to replicate what everyone has heard before. Fresh Produce’s ambition is to be a major influence on the next wave of audio entertainment.”
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Picket Fence Creamery Recalls Taco Cheese Curds, Key Lime Pie Ice Cream
Picket Fence Creamery has initiated a recall of taco cheese curds and key lime pie ice cream as they might contain undeclared wheat.
People who have an allergy or severe sensitivity to wheat run the risk of serious or life-threatening allergic reaction if they eat these recalled products. However, the company has not received any cases of illnesses related to the taco cheese curds or key lime pie ice cream.
The taco cheese curds and key lime pie ice cream were distributed in Iowa, and sold through retail stores.
The taco cheese curds are packaged in 12 oz. plastic containers with a Picket Fence Creamery taco cheese curds label. The UPC number is: 094922414984. The product would have a “best if used by” date of 2-26-22 or before.
The key lime pie ice cream is packaged in 1/2 pint, pint, and quart containers with the Picket Fence Creamery key lime pie label. The UPC number is: 094922414847. The product would have a “best if used by” date of 3/31/22 or before.
Facebook down, car sales plunge and diversity in finance
Ian King is joined by tech editor at Business Insider, Shona Gosh, to discuss the Facebook, Instagram and WhatsApp blackout.
Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, explains the dramatic 35% plunge in car sales last month.
Plus, what more needs to be done to achieve true diversity in financial services?
CheLi Is One of New York’s Most Impressive Chinese Restaurants
In the East Village, a new contender stands out with subtle Shanghainese cooking.
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