HR tech firm Rippling raises new funding at $16.8 billion valuation, no IPO plans
Reuters· 2026-05-09 17:02AI Processing
Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]
CGX Energy Files Year-End 2025 Audited Consolidated Financial Statements
TMX Newsfile· 2026-03-18 03:34
Core Viewpoint - CGX Energy Inc. has released its audited consolidated financial statements for the year ended December 31, 2025, highlighting significant impairments related to its assets in Guyana, particularly the Berbice River port and the Corentyne license [1][2][5]. Financial Performance - The company recorded a non-cash impairment charge of approximately $17.1 million for its Berbice River port infrastructure assets due to updated assumptions regarding expected utilization levels and development timelines [2]. - A full impairment of the Corentyne exploration and evaluation asset was also recorded, reflecting ongoing uncertainty regarding the status of the license and the company's ability to access the block [5]. Joint Venture and Licensing Issues - CGX Resources Inc., a wholly-owned subsidiary, and Frontera Energy Guyana Corp. are joint venture partners in the Corentyne block, holding a 100% working interest with CGX Resources owning 27.48% and Frontera Guyana 72.52% [3]. - The Government of Guyana has stated that the joint venture's interests expired on June 28, 2024, a position the joint venture disputes, asserting that their interests remain valid and in good standing [4]. Future Outlook - No additional capital investment is planned for the Corentyne block until the licensing issue is resolved, with the outcome remaining uncertain [6]. - The company will continue to provide updates as developments occur regarding the Corentyne license and its discussions with the Government of Guyana [6].
SanDisk's Quiet AI Boom Could Still Surprise Investors
Seeking Alpha· 2026-03-18 03:16
Core Insights - The article highlights the qualifications and experience of a finance professional with expertise in data analytics, financial modeling, and investment research, particularly in the property management sector in Istanbul [1] Group 1: Professional Background - The individual is ACC-qualified and holds a Master's in Audit & Accounting from Istanbul University [1] - Over two years of experience as a Data Scientist and Financial Analyst at a leading property management firm [1] - Developed budgets, set targets, and utilized data-driven insights to enhance profitability [1] Group 2: Areas of Expertise - Proficient in financial modeling, market analysis, and investment research [1] - Hands-on experience in stocks and cryptocurrency [1] - Focus on delivering concise and conversational writing to aid readers in making informed financial decisions [1]
Xunlei: Stock Continues To Lack Near-Term Catalysts - Hold
Seeking Alpha· 2026-03-18 03:03
Group 1 - The analyst team has a proven track record of outperforming across all market conditions with an annualized return of almost 40% over the past decade and a long-only model portfolio return of over 23x [1] - The focus includes income-oriented picks for lower-risk firms with steady dividend payouts, indicating a strategy that caters to conservative investors [1] - The research covers various sectors including energy, shipping, and offshore markets, highlighting the breadth of the analysis provided [1] Group 2 - The individual has transitioned from an auditor role at PricewaterhouseCoopers to a day trader with nearly 20 years of experience, indicating a strong background in financial analysis [2] - The trading strategy includes both long and short bets, primarily focusing on tech stocks, offshore drilling, and the shipping industry, which suggests a diverse investment approach [2] - There is an emphasis on the fuel cell industry as a nascent market, indicating potential future investment opportunities [2]
Broadcom: A Valuation Misunderstanding That's Probably Worth A Trillion
Seeking Alpha· 2026-03-18 03:00
Core Viewpoint - Broadcom's stock is considered undervalued by 42.3%, with a fair market value aligning with its current price of $491.88 [1] Group 1: Investment Thesis - Investors are bullish on Broadcom's stock due to its perceived undervaluation and potential for growth [1] - The analysis emphasizes a systematic approach to investment, focusing on data-driven decision-making and risk management [1] Group 2: Analytical Approach - The investment analysis utilizes open data sources and reproducible models to assess returns, volatility, and correlations [1] - The methodology includes a decision checklist that guides investors on ownership, position sizing, rebalancing, and potential pitfalls [1]
1 Top Dividend Stock to Buy With Double-Digit Dividend and Earnings Growth
The Motley Fool· 2026-03-18 03:00
Core Insights - American Express shares have recently declined to around $300 from a 52-week high of over $387, raising questions about market pessimism versus stock valuation [1] - The company's strong business momentum and aggressive capital return strategy suggest this may be a good buying opportunity [1][3] Financial Performance - American Express expects earnings per share for 2026 to be between $17.30 and $17.90, indicating over 14% year-over-year growth [4] - In 2025, the company generated $72.2 billion in total revenue, a 10% year-over-year increase, and returned $7.6 billion to shareholders [5] - The quarterly dividend was increased by 16% to $0.95 per share, resulting in a dividend yield of 1.3% [6] Strategic Focus - The company targets high-spending consumers, which drives reliable growth [7] - A major refresh of the Platinum Card included a fee increase from $695 to $895, accompanied by new lifestyle and travel perks to retain affluent customers [8][9] - Net card fees reached $10 billion in 2025, an 18% year-over-year increase, demonstrating effective engagement strategies [10] Valuation and Market Position - American Express shares are currently trading at about 17 times the $17.60 midpoint of management's 2026 earnings guidance, indicating a reasonable valuation [12] - The company's double-digit earnings growth, recent dividend hike, and active buyback program support the justification of its current valuation [13]
Saxena White P.A. Files New Securities Class Action Lawsuit Against Kyndryl Holdings, Inc. and Related Parties, Expanding the Allegations and Class Period
Globenewswire· 2026-03-18 02:55
Core Viewpoint - A securities class action lawsuit has been filed against Kyndryl Holdings, Inc. and certain executives, alleging misleading statements regarding the company's financial condition and free cash flow metrics [1][5]. Group 1: Lawsuit Details - The class action was filed in the U.S. District Court for the Southern District of New York, asserting claims under the Securities Exchange Act of 1934 [1]. - The class period for the lawsuit is from August 1, 2024, to February 6, 2026, expanding from a related action that covered August 7, 2024, to February 9, 2026 [2]. - Investors wishing to serve as lead plaintiff must file a motion by April 13, 2026, as per the Private Securities Litigation Reform Act [3]. Group 2: Company Background - Kyndryl, which spun off from IBM in 2021, provides IT infrastructure services, including cloud hosting and AI solutions [4]. - The company emphasized free cash flow as a key performance metric, indicating its importance for financial health and growth potential [4]. Group 3: Allegations and Financial Disclosures - The lawsuit alleges that Kyndryl misled investors about its free cash flow metrics, which were presented as indicators of financial strength but were based on unsustainable cash management practices [5]. - Kyndryl's financial results for Q1 2026 showed revenue of $3.743 billion and free cash flow use of $222 million, both missing analysts' estimates, leading to a 21% decline in stock price [6]. - On February 9, 2026, Kyndryl disclosed internal control weaknesses in cash management practices and reduced its full-year free cash flow guidance from $550 million to between $325 million and $375 million, resulting in a 54% drop in stock price [7].
ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Soleno Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SLNO
TMX Newsfile· 2026-03-18 02:53
Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Soleno Therapeutics, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors who bought Soleno common stock between March 26, 2025, and November 4, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 5, 2026 [3] - The lawsuit claims that Soleno made false or misleading statements regarding the safety and commercial viability of its drug DCCR, which could lead to significant investor damages [5] Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering substantial amounts for investors [4] - The firm has been recognized for its achievements in securities class action settlements, including a notable $438 million recovery for investors in 2019 [4]
Resverlogix Announces Delay in Filing of Annual Financial Statements, AIF, and MD&A
TMX Newsfile· 2026-03-18 02:49
Core Viewpoint - Resverlogix Corp. is experiencing delays in completing its year-end audit, which will prevent the company from meeting the March 31, 2026 deadline for filing its Annual Filings [1] Group 1: Audit and Filing Delays - The company anticipates it will not meet the March 31, 2026 deadline for filing Annual Audited Financial Statements, Annual Information Form, and Management Discussion & Analysis for the year ended December 31, 2025 [1] - The auditor has indicated that the audit of the annual financial statements is unlikely to be completed by the deadline, with an expected completion date of April 10, 2026 [1] Group 2: Management Cease Trade Order - Resverlogix has applied to the Alberta Securities Commission for a management cease trade order (MCTO) that would restrict the trading of the company's securities by its CEO and CFO until the Annual Filings are submitted [2] - The ASC has not yet made a decision on the MCTO application, which could either be granted or result in an issuer cease trade order if delays continue [2] Group 3: Compliance and Reporting - The company is committed to completing the Annual Filings as soon as possible and will issue a news release once they are filed [3] - Until the Annual Filings are submitted, the company will adhere to guidelines set out in NP 12-203, including bi-weekly default status reports [3] Group 4: Insider Trading Blackout - Members of the company's management and other insiders are subject to an insider trading blackout until the Annual Filings are completed [4] - There have been no material business developments since the interim financial reports were filed on November 13, 2025 [4] Group 5: Company Overview - Resverlogix, founded in 2001, is a Calgary-based late-stage biotechnology company focused on developing first-in-class therapies for chronic diseases [5] - The company is a leader in epigenetics and is developing a new class of therapies aimed at regulating disease-causing gene expression, particularly focusing on cardiovascular disease and post COVID-19 conditions [6]
SAB BIO Announces Pricing of $85 Million Public Offering of Common Stock and Pre-Funded Warrants
Globenewswire· 2026-03-18 02:46
Core Viewpoint - SAB Biotherapeutics, Inc. has announced a public offering of common stock and pre-funded warrants to raise approximately $85 million to fund the development of its clinical-stage product candidate, SAB-142, targeting type 1 diabetes and other autoimmune diseases [1][2]. Group 1: Offering Details - The company is offering 19,324,677 shares of common stock at a price of $3.85 per share and pre-funded warrants for 2,753,246 shares at $3.8499 each, with gross proceeds expected to be around $85 million before expenses [1]. - Underwriters have a 30-day option to purchase an additional 3,311,688 shares on the same terms [1]. - The offering is expected to close on or about March 19, 2026, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund the continued development of SAB-142 through clinical trials, manufacturing, regulatory activities, and general corporate purposes [2]. Group 3: Company Overview - SAB Biotherapeutics is focused on developing human immunoglobulin G (hIgG) to treat autoimmune disorders, utilizing advanced genetic engineering and proprietary technology [6]. - The lead candidate, SAB-142, aims to modify the treatment paradigm for type 1 diabetes by delaying onset and potentially preventing disease progression in Stage 3 patients [6]. - SAB-142 is currently in a registrational Phase 2b clinical trial named SAFEGUARD [6].