Japan data out earlier, money stock (M3) up 7.4% y/y, its fastest rise ever

Japan data out earlier, money stock (M3) up 7.4% y/y, its fastest rise ever

M3 money stock +7.4% y/y
M2 +9.0%
By Eamonn Sheridan Lazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: LAZY) today announced that it intends to offer 4,000,000 shares of its common stock for sale in an underwritten public offering. In connection with this offering, Lazydays expects to grant the underwriters a 30-day option It is no secret that Black founders face an uphill battle in Silicon Valley, with just a sliver of the investment pie being devoted to people of color. BLCK VC, along with partners Operator Collective, Salesforce Ventures and Berkeley Haas School of Business, is hoping to change that, and today the group announced the Black […] PennyMac Financial Services, Inc. Announces Proposed Private Offering of Additional 5.375% Senior Notes

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Source: www.forexlive.com


Lazydays Holdings, Inc. Announces Commencement of Public Offering of Common Stock

Lazydays Holdings, Inc. Announces Commencement of Public Offering of Common Stock

TAMPA, Fla., Oct. 13, 2020 /PRNewswire/ — Lazydays Holdings, Inc. (“Lazydays” or the “Company”) (NasdaqCM: LAZY) today announced that it intends to offer 4,000,000 shares of its common stock for sale in an underwritten public offering. In connection with this offering, Lazydays expects to grant the underwriters a 30-day option to purchase up to 600,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. Lazydays intends to use the net proceeds from the proposed offering to repay outstanding indebtedness and for working capital and general corporate purposes, including but not limited to future acquisitions, recapitalizations and capital investments. 

(PRNewsfoto/Lazydays)

Baird is acting as the lead book-running manager for the offering, and Craig-Hallum Capital Group and Raymond James are acting as bookrunners for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-231975) and preliminary prospectus supplement filed with the U.S. Securities and Exchange Commission (the “SEC”). The preliminary prospectus supplement and the accompanying prospectus relating to the offering will be available on the SEC’s website located at http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus, when available, may also be obtained from Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, by telephone at (800) 792-2473, or by email at syndicate@rwbaird.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities being offered, nor shall there be any sale of the securities being offered in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

ABOUT LAZYDAYS RV

Lazydays, The RV Authority®, is an iconic brand in the RV industry. Home of the world’s largest recreational dealership, based on 126 acres outside of Tampa, Florida, Lazydays has nine dealership locations in Arizona, Colorado, Florida, Indiana, Minnesota, and Tennessee. Lazydays also has a dedicated Service Center location in Texas. Offering the nation’s largest selection of leading RV brands, Lazydays features over 3,000 new and pre-owned RVs, more than 400 service bays and two on-site campgrounds with over 700 RV campsites. In addition, Lazydays RV Accessories & More™ stores offer thousands of accessories and hard-to-find parts at dealership locations.

Since 1976, Lazydays has built a reputation for providing an outstanding customer experience with exceptional service and product expertise, along with being a preferred place to rest and recharge with other RVers. Lazydays believes that it consistently provides a superior RV purchase, service, and ownership experience, which is why RVers and their families keep returning to Lazydays year after year, calling it their “home away from home.”

Lazydays Holdings, Inc. is a publicly listed company on the Nasdaq stock exchange under the ticker “LAZY.”

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements describe Lazydays future plans, projections, strategies and expectations, including statements regarding the proposed offering of shares of common stock and the use of proceeds from such offering, are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Lazydays. Actual results could differ materially from those projected due to various factors, including economic conditions generally, conditions in the credit markets and changes in interest rates, conditions in the capital markets, the global impact of the pandemic outbreak of coronavirus (COVID-19) and other factors described from time to time in Lazydays’ Securities and Exchange Commission reports and filings, which are available at www.sec.gov. Forward-looking statements contained in this news release speak only as of the date of this news release, and Lazydays undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances, unless otherwise required by law.

News Contact:

+1 (813) 204-4099
investors@lazydays.com

Cision

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SOURCE Lazydays Holdings, Inc.

Source: news.yahoo.com


BLCK VC launches educational initiative to bring more Black entrepreneurs into investing ecosystem – TechCrunch

BLCK VC launches educational initiative to bring more Black entrepreneurs into investing ecosystem – TechCrunch

It is no secret that Black founders face an uphill battle in Silicon Valley, with just a sliver of the investment pie being devoted to people of color. BLCK VC, along with partners Operator Collective, Salesforce Ventures and Berkeley Haas School of Business, is hoping to change that, and today the group announced the Black Venture Institute, an educational initiative dedicated to helping Black operators become angel investors.

The program has a goal of training 300 students over the next three years to create a network of Black investors and advisors who can begin writing checks to make investments. This is an attempt by these groups to bring some meaningful change to an entrenched investment system. In fact, BLCK VC was formed in 2018 with this goal in mind.

Frederik Groce, principal at Storm Ventures and co-founder of BLCK VC, says that venture capital clearly has an access problem, and this program is about trying to open up these closed networks.

“It is these closed networks that have helped contribute to the lack of access for the Black community over the years. Black Venture Institute is a structural attempt to create access for Black operators — from engineers to product marketing managers,” Groce told TechCrunch.

He added that this is about helping these operators understand how to have a role in the venture capital ecosystem. “We are attempting to equip Black technologists and tech operators with the knowledge and tools they need to better understand the industry and hopefully begin to engage within it as scouts, limited partners, angel investors — and potentially support career transitions into the industry.”

As Leyla Seka, investment partner at Operator Collective, describes it, the idea is to create a curriculum to train Black entrepreneurs on the fundamentals of venture investing by bringing together a group of experienced people to help explain how the system works.

“It takes time to learn the terms, understand the process and make the connections. Some people grew up in that world, absorbing this knowledge through osmosis, but others need a leg up,” she said.

Salesforce Ventures, which launched the $100 million Impact Fund last week to invest in cloud startups focused on social change, says that helping with this venture is part of the firm’s strong commitment to social justice.

“Without intentional action, we are destined to fall into the same insular cycle that has delivered low representation in the past. It is our belief that by making venture capital knowledge and networks more accessible, we can help empower the Black technology community and provide a path to accelerate innovation, opportunity and access,” the firm said in a statement.

To give you a sense of what Black founders are up against, a 2018 Harlem Capital Report found that since 2000 — the previous 18 years to that point — just 105 firms with all Black founders received funding of $1 million or more. These numbers are stark and point to an unequal funding climate and the need for more programs like this one.

Source: techcrunch.com

Author: Ron Miller

1 day


PennyMac Financial Services, Inc. Announces Proposed Private Offering of Additional 5.375% Senior Notes

PennyMac Financial Services, Inc. Announces Proposed Private Offering of Additional 5.375% Senior Notes

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Source: www.tmcnet.com


Japan data out earlier, money stock (M3) up 7.4% y/y, its fastest rise ever


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