First Cover

Pony.ai, a Toyota backed Chinese robotaxi pioneer, aims to raise up to $260 million in its expanded U.S. IPO, offering 20 million ADSs priced between $11 and $13. This move increases the firm’s valuation potential to $4.55 billion. Investor interest remains strong, with Chinese automaker BAIC and others committing to $228.3 million through IPO and private placements. #PonyAI #AutonomousDriving #IPO #Robotaxi #USMarkets #Innovation https://lnkd.in/g6gVBAAy

The?U.S.?Securities?and?Exchange?Commission?(SEC)?has?filed?securities?fraud?charges?against?Patrick?Orlando,?former?CEO?of?Digital?World?Acquisition?Corp.?(DWAC),?alleging?that?he?misled?investors?by?failing?to?disclose?DWAC's?planned?merger?with?Trump?Media?&?Technology?Group?(TMTG)?ahead?of?DWAC's?IPO.?This?omission,?according?to?the?SEC,?breached?disclosure?obligations?and?potentially?defrauded?shareholders.?The?SEC?aims?to?bar?Orlando?from?future?securities?roles?and?recover?any?improperly?acquired?gains,?including?penalties.? #SPAC?#SEC?#SecuritiesFraud?#InvestorProtection?#CorporateGovernance?#FirstCover https://lnkd.in/eUhaiJja

Rosen Law Firm invites investors who acquired Bumble Inc. (NASDAQ: BMBL) securities between November 7, 2023, and August 7, 2024, to participate in a class action lawsuit. The case, with a deadline of November 25, 2024, alleges that Bumble executives provided misleading statements regarding the viability of the company’s new subscription plans and their expected impact on revenue growth, leading to investor losses once the true financial outlook was revealed. #InvestorAlert #StockMarket #NASDAQ #FirstCover https://lnkd.in/eAkvHnEJ

The?SEC?has?fined?Unisys?Corp.,?Avaya?Holdings,?Check?Point?Software,?and?Mimecast?for?downplaying?cybersecurity?breaches,?including?incidents?tied?to?SolarWinds?Orion.?Penalties?range?from?$990K?to?$4M.?The?SEC?highlighted?that?misleading?investors?about?cyber?risks?violates?federal?law,?even?when?breaches?are?known.?Each?firm?settled?without?admitting?wrongdoing?but?agreed?to?cease?future?violations. #Cybersecurity?#SECCharges?#InvestorProtection?#FirstCover https://lnkd.in/g2tYKcBM

Congratulations?to?Premium?Catering?(Holdings)?Limited?(PC)?on?their?successful?listing?on?NASDAQ!?Thank?you?for?the?trust?and?support!?Looking?forward?to?working?together?more?in?the?future.?#NASDAQListing?#Congratulations https://lnkd.in/eNbPExCJ

Wishing?Samfine?Creation?Holdings?Group?Limited(SFHG)?great?success?on?their?NASDAQ?debut!?Excited?for?more?opportunities?together?in?the?future.?#NASDAQListing?#Congratulations https://lnkd.in/e8mfzH39

Black?Spade?Capital,?chaired?by?Melco?Resorts'?Lawrence?Ho,?has?launched?its?second?SPAC,?Black?Spade?Acquisition?II,?raising?$150?million?through?an?IPO?on?Nasdaq.?Each?$10?unit?comprises?one?Class?A?share?and?one-third?of?a?redeemable?warrant,?exercisable?at?$11.50?per?share.?Trading?under?the?ticker?symbol?BSIIU,?the?SPAC?will?focus?on?business?combinations?in?entertainment,?lifestyle,?technology,?and?AI?sectors. #SPAC?#IPO?#Nasdaq?#FinancialMarkets?#FirstCover https://lnkd.in/enfcUSfc

The?SEC?has?charged?Moog?Inc.,?a?global?motion?control?systems?manufacturer,?with?FCPA?violations?due?to?bribery?by?its?Indian?subsidiary,?Moog?Motion?Controls?Private?Limited,?between?2020?and?2022.?The?subsidiary?funneled?bribes?through?third-party?agents?to?influence?officials?and?manipulate?tenders?in?India.?Moog?has?agreed?to?pay?a?$1.1?million?civil?penalty?and?$600,000?in?disgorgement?and?interest,?without?admitting?or?denying?the?allegations. #SEC?#Compliance?#BriberyPrevention?#GlobalBusiness??#FirstCover https://lnkd.in/ernehbH7

Rivus?Pharmaceuticals?Inc.,?focused?on?obesity?treatments,?is?exploring?a?U.S.?IPO?as?early?as?this?year,?targeting?over?$250M.?Supported?by?major?investors?like?RA?Capital,?Rivus?aims?to?leverage?the?renewed?biotech?momentum,?with?IPOs?raising?$3.2B?in?2024.?Their?lead?drug,?HU6,?currently?in?trials?for?obesity-related?heart?failure,?highlights?their?innovative?edge?in?the?sector.?Previously,?Rivus?secured?$132M?in?a?2022?funding?round?from?top?life?sciences?investors.? #IPO?#Biotech?#HealthcareInnovation?#InvestmentOpportunity??#FirstCover https://lnkd.in/ejb3gCfe

FrontView?REIT?successfully?raised?capital?by?selling?13.2?million?shares?at?$19?each,?securing?funds?within?its?target?range?of?$17?to?$21.?Specializing?in?high-visibility?outparcel?properties,?the?Dallas-based?REIT?manages?a?portfolio?of?278?properties?across?31?states,?with?strong?presence?in?Illinois?and?Texas.?IPO?proceeds?will?support?business?growth,?including?potential?acquisitions?and?debt?reduction.?Despite?robust?revenue?growth,?FrontView?reported?a?$6.4?million?net?loss?for?the?first?half?of?2024.?Led?by?top?underwriters,?including?Morgan?Stanley?and?JPMorgan,?FrontView?will?trade?under?the?symbol?FVR?on?the?NYSE. #IPO?#REIT?#FrontView?#RealEstate?#Growth??#FirstCover https://lnkd.in/eHkuPs5n