Wed.Dec 27, 2023

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FASB issues final ASU requiring enhanced disclosure of segment expenses

Harvard Corporate Governance

Posted by Cydney Posner, Cooley LLP, on Wednesday, December 27, 2023 Editor's Note: Cydney S. Posner is Special Counsel at Cooley LLP. This post is based on her Cooley memorandum. The FASB has announced a final Accounting Standards Update designed to improve disclosures about public companies’ reportable segments, particularly disclosures about significant segment expenses—information that the FASB says investors frequently request.

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Maryland Extends Deadline for MarylandSaves Exemption to December 31, 2023

Gross Mendelsohn

It has been quite some time since Maryland’s general assembly passed MarylandSaves in 2016. After much delay, Maryland finally put its retirement vehicle into motion on September 15, 2022 , in the form of a Roth IRA account. Now that the program has been in full effect for over a year, applicable Maryland businesses must file for the annual exemption by December 31, 2023.

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‘Shakeout has begun’ after $5bn streaming loss for Netflix rivals

Financial Times M&A

Tie-ups and cuts on menu as Disney, Warner, Comcast and Paramount seek new ways to keep up

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Recent M&A Bodes Well For Targeted Cancer Therapy Player Fusion Pharmaceuticals, Analyst Say AstraZeneca Is Favorably Positioned

Benzinga

With recent merger and acquisition deals in the targeted radiopharmaceutical therapy (TRT) space, on Tuesday, Oppenheimer noted that Fusion Pharmaceuticals Inc (NASDAQ: FUSN ) is potentially the sole remaining clinical-stage player with a robust supply chain. In September, Oppenheimer initiated coverage on Fusion Pharmaceuticals, citing the company's pipeline as among the best in the space with alpha-emitter-based targeted radionuclide therapies.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Global dealmaking drops below $3tn for first time since 2013

Financial Times M&A

Higher interest rates, geopolitical tensions and regulatory challenges have prompted two-year hiatus

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Comment on New Jersey Draconian Penalties on Appraisers by Patrick

Appraisers Blog

In reply to hammering hank. A view from someone who has no idea what Appraisers do. A fine of $10,000 for the first offense would put most Appraiser out of business. If that’s what you want, good luck buying a home in New Jersey. I agree with one of the comments…I would charge $10,000 to perform an appraisal in New Jersey if I’m subject to such fines.

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Comment on New Jersey Draconian Penalties on Appraisers by Mark S. Davis

Appraisers Blog

"Well, I guess no one will be doing appraisals in New Jersey. or maybe the standard fee is going to be $10,000?" said one appraiser.

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Williams Companies Fuels Future Growth with $1.95B Natural Gas Storage Buyout

Benzinga

Williams Companies Inc (NYSE: WMB ) penned a deal with an affiliate of Hartree Partners LP to acquire a portfolio of natural gas storage assets for $1.95 billion. The acquisition price represents around 10x the estimated 2024 EBITDA multiple. The deal includes six underground natural gas storage facilities in Louisiana and Mississippi. The facilities have a total capacity of 115 billion cubic feet (Bcf), 230 miles of gas transmission pipeline and 30 pipeline interconnects to attractive markets.

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Obtaining an Automotive Repair Equipment Appraisal

Peak Business Valuation

Buyers, sellers, and financiers rely on equipment appraisals to make informed decisions. An equipment appraisal is crucial for determining the fair market value of equipment. In this guide, we discuss how to obtain an automotive repair equipment appraisal. This includes strategies for selecting a qualified equipment appraiser. And gathering information needed for an equipment appraisal.

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Comment on New Jersey Draconian Penalties on Appraisers by Bruce W Lennick

Appraisers Blog

"Well, I guess no one will be doing appraisals in New Jersey. or maybe the standard fee is going to be $10,000?" said one appraiser.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Revelstone Capital Acquisition Corp. Adjourns Special Meeting to Approve Business Combination with Set Jet

Benzinga

SCOTTSDALE, Ariz. and NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Revelstone Capital Acquisition Corp. (" RCAC ") (NASDAQ: RCAC ), a publicly traded special purpose acquisition company, today announced that it has adjourned the meeting for shareholders to approve the proposed business combination (the " Business Combination ") with Set Jet, Inc. (" Set Jet ") to Friday, December 29, 2023 at 12:00 p.m.

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Where Food Comes From, Inc. Acquires Upcycled Certified® Program as Reducing Food Waste Through Upcycling Becomes Fastest Growing Consumer Trend

Benzinga

CASTLE ROCK, Colo., Dec. 27, 2023 (GLOBE NEWSWIRE) -- Where Food Comes From, Inc. (WFCF) (NASDAQ: WFCF ), the most trusted resource for independent, third-party verification of food production practices in North America, today announced it has acquired the Upcycled Certified® Program from the Upcycled Food Association. Upcycled Certified, the world's first and largest provider of certification for upcycled food, has emerged as a dynamic force that is reshaping the way manufacturers val

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Codexis Announces Purchase Agreement with Nestlé Health Science for CDX-7108

Benzinga

REDWOOD CITY, Calif., Dec. 27, 2023 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ: CDXS ), a leading enzyme engineering company, today announced it has entered into a purchase agreement with Nestlé Health Science, a globally recognized leader in the field of nutritional science, for CDX-7108, an investigational therapy for the potential treatment of exocrine pancreatic insufficiency (EPI).

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Lavoro Completes Acquisition of Coram

Benzinga

SÃO PAULO, Brazil, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Lavoro Limited (NASDAQ: LVRO ), the first U.S.-listed pure-play agricultural inputs retailer in Latin America, today announced the acquisition of a controlling interest in Coram Comércio e Representações Agrícolas ("Coram"), an ag retailer based in Ituverava (State of São Paulo). This acquisition of Coram, a respected player in the agricultural inputs market since 1973, significantly strengthens Lavoro's operations in São Paulo, Minas Gera

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Electronic Servitor Publication Network, Inc. Finalizes the Acquisition of Assets of PhiTech Management LLC

Benzinga

MINNEAPOLIS, Dec. 27, 2023 (GLOBE NEWSWIRE) -- via IBN -- Electronic Servitor Publication Network, Inc. (OTCQB: XESP ), a digital engagement company, has finalized its purchase of the assets of PhiTech Management, LLC ("PhiTech"), a digital activation and engagement technology company. PhiTech provides customer and content workflow applications designed to connect people with customized content through dynamic content provisioning creating relevant digital relationships.

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Horizon Aircraft and Pono Capital Three, Inc. Announce Effectiveness of Form S-4 Registration Statement and Date of Pono's Special Meeting to Approve Business Combination

Benzinga

~ Special Meeting of Pono Capital Three, Inc. Shareholders to Approve Business Combination Scheduled for January 4, 2024 ~ ~ Upon Closing, the Combined Company is Expected to Trade on Nasdaq Under the Ticker "HOVR" ~ TORONTO, Canada and HONOLULU, Hawaii, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Robinson Aircraft Ltd., d/b/a Horizon Aircraft ("Horizon Aircraft" or the "Company"), a hybrid electric Vertical TakeOff and Landing ("eVTOL") aircraft developer, and Pono Capital Three, Inc.

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Online Retailer Zulily To Shut Down Amid Ongoing Business Complications

Benzinga

Online retailer Zulily has announced its shutdown due to ongoing business complications. An official statement posted on the company’s homepage revealed the decision was made to “conduct an orderly wind-down of the business to maximize value for the companies' creditors.” The statement, penned by Ryan Baker , Vice President of Douglas Wilson Companies overseeing the closure, acknowledged the “challenging business environment” and financial instability as major

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