1 hr. ago
By Toby Sterling and Rashika Singh
AMSTERDAM, Aug 20 (Reuters) - Nebius Group said on Thursday its $5 billion convertible bond was one of the largest on record and reflected strong demand for AI services and data centre capacity, despite recent jitters over the sector's huge financing needs.
Amsterdam-based Nebius, which sells AI services to tech firms and data centre capacity to customers including Meta and Microsoft, raised the size from $4.5 billion late on Wednesday and the total could be increased to $5.75 billion if buyers exercise all options.
"We think it's one of the largest, and the largest in recent history, in the corporate convertible world," Nebius chief communications officer Tom Blackwell told Reuters, adding that the firm's total convertible debt is now around $12 billion.
Proceeds of the new offer, led by Goldman Sachs and JPMorgan, will be used to fund the company's data centre buildout and further develop its AI services offerings.
#convertible #reuters
AMSTERDAM, Aug 20 (Reuters) - Nebius Group said on Thursday its $5 billion convertible bond was one of the largest on record and reflected strong demand for AI services and data centre capacity, despite recent jitters over the sector's huge financing needs.
Amsterdam-based Nebius, which sells AI services to tech firms and data centre capacity to customers including Meta and Microsoft, raised the size from $4.5 billion late on Wednesday and the total could be increased to $5.75 billion if buyers exercise all options.
"We think it's one of the largest, and the largest in recent history, in the corporate convertible world," Nebius chief communications officer Tom Blackwell told Reuters, adding that the firm's total convertible debt is now around $12 billion.
Proceeds of the new offer, led by Goldman Sachs and JPMorgan, will be used to fund the company's data centre buildout and further develop its AI services offerings.
#convertible #reuters
5 hours ago
By Toby Sterling and Rashika Singh
AMSTERDAM, Aug 20 (Reuters) - Nebius Group said on Thursday its $5 billion convertible bond was one of the largest on record and reflected strong demand for AI services and data centre capacity, despite recent jitters over the sector's huge financing needs.
Amsterdam-based Nebius, which sells AI services to tech firms and data centre capacity to customers including Meta and Microsoft, raised the size from $4.5 billion late on Wednesday and the total could be increased to $5.75 billion if buyers exercise all options.
"We think it's one of the largest, and the largest in recent history, in the corporate convertible world," Nebius chief communications officer Tom Blackwell told Reuters, adding that the firm's total convertible debt is now around $12 billion.
Proceeds of the new offer, led by Goldman Sachs and JPMorgan, will be used to fund the company's data centre buildout and further develop its AI services offerings.
#nebius #Services #centre #reuters
AMSTERDAM, Aug 20 (Reuters) - Nebius Group said on Thursday its $5 billion convertible bond was one of the largest on record and reflected strong demand for AI services and data centre capacity, despite recent jitters over the sector's huge financing needs.
Amsterdam-based Nebius, which sells AI services to tech firms and data centre capacity to customers including Meta and Microsoft, raised the size from $4.5 billion late on Wednesday and the total could be increased to $5.75 billion if buyers exercise all options.
"We think it's one of the largest, and the largest in recent history, in the corporate convertible world," Nebius chief communications officer Tom Blackwell told Reuters, adding that the firm's total convertible debt is now around $12 billion.
Proceeds of the new offer, led by Goldman Sachs and JPMorgan, will be used to fund the company's data centre buildout and further develop its AI services offerings.
#nebius #Services #centre #reuters
10 hours ago
Crossroads Capital LLC, an investment management firm, published its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund increased by 11.5% net of fees and expenses during the quarter. Since its founding, the fund has compounded at a net rate of 17.9%. By the end of June 2026, the fund's overall non-delta-adjusted gross and net exposures were 115.0% and 86.9%, respectively. In Q2, the S&P 500 rebounded 14.9%, its best since 2020, as market uncertainty eased. The oil market showed a transition, with Brent crude prices fluctuating. AI and semiconductors thrived, with 25% earnings growth. The quarter underscored a key principle: risk is priced continuously but resolved discontinuously. Small-cap benchmarks hit new highs, though the Magnificent 7 saw modest gains. In Q2, market activity focused on adjustments rather than facts, capitalizing on high option premiums. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Crossroads Capital highlighted Nebius Group N.V. (NASDAQ:NBIS). Nebius Group N.V. (NASDAQ:NBIS) is a technology company focusing on developing full-stack infrastructure to service the global AI industry. On August 19, 2026, Nebius Group N.V. (NASDAQ:NBIS) closed at $223.90 per share. The one-month return of Nebius Group N.V. (NASDAQ:NBIS) was 1.33%, and its shares gained 238.32% over the past 52 weeks. Nebius Group N.V. (NASDAQ:NBIS) has a market capitalization of $60.87 billion.
Crossroads Capital stated the following regarding Nebius Group N.V. (NASDAQ:NBIS) in its Q2 2026 investor letter:
"Eighteen months ago, Nebius Group N.V. (NASDAQ:NBIS) was a Russian-adjacent carve-out of Yandex, the Russian Google, with no anchor customer, a cash burn, and an open question as to whether capital markets would touch it. You had to squint at it in order to see a viable business that was arguably trading below liquidation value. On August 12th, the company reported a second quarter with $582.3 million in revenue and a 50% adjusted EBITDA margin in its core AI cloud business. Today Nebius is an AI infrastructure platform with roughly $46B of committed contract value from Microsoft and Meta, priority Nvidia silicon secured through Nvidia's own $2B equity stake, and a target of almost 5 GW of contracted power by year-end(with over 75% of it owned rather than leased). Moreover, it has a funding structure in which roughly 50-60% of capex is covered by customer prepayments; the balance was raised this spring as $4B of oversubscribed convertibles with coupons of 1.25% and 2.625%. Sub-1.3% paper to 2031 is the bond market's answer to any question regarding Nebius' long-term prospects—and a question we couldn't have fully answered a year ago at any price.
The Meta relationship remains the keystone: $27B over five years, split between $12B of dedicated capacity on one of the first large-scale Vera Rubin deployments (starting early 2027) and $15B on w
In its Q2 2026 investor letter, Crossroads Capital highlighted Nebius Group N.V. (NASDAQ:NBIS). Nebius Group N.V. (NASDAQ:NBIS) is a technology company focusing on developing full-stack infrastructure to service the global AI industry. On August 19, 2026, Nebius Group N.V. (NASDAQ:NBIS) closed at $223.90 per share. The one-month return of Nebius Group N.V. (NASDAQ:NBIS) was 1.33%, and its shares gained 238.32% over the past 52 weeks. Nebius Group N.V. (NASDAQ:NBIS) has a market capitalization of $60.87 billion.
Crossroads Capital stated the following regarding Nebius Group N.V. (NASDAQ:NBIS) in its Q2 2026 investor letter:
"Eighteen months ago, Nebius Group N.V. (NASDAQ:NBIS) was a Russian-adjacent carve-out of Yandex, the Russian Google, with no anchor customer, a cash burn, and an open question as to whether capital markets would touch it. You had to squint at it in order to see a viable business that was arguably trading below liquidation value. On August 12th, the company reported a second quarter with $582.3 million in revenue and a 50% adjusted EBITDA margin in its core AI cloud business. Today Nebius is an AI infrastructure platform with roughly $46B of committed contract value from Microsoft and Meta, priority Nvidia silicon secured through Nvidia's own $2B equity stake, and a target of almost 5 GW of contracted power by year-end(with over 75% of it owned rather than leased). Moreover, it has a funding structure in which roughly 50-60% of capex is covered by customer prepayments; the balance was raised this spring as $4B of oversubscribed convertibles with coupons of 1.25% and 2.625%. Sub-1.3% paper to 2031 is the bond market's answer to any question regarding Nebius' long-term prospects—and a question we couldn't have fully answered a year ago at any price.
The Meta relationship remains the keystone: $27B over five years, split between $12B of dedicated capacity on one of the first large-scale Vera Rubin deployments (starting early 2027) and $15B on w
12 hours ago
On August 10, Plug Power (NASDAQ:PLUG) held its second-quarter earnings call, and the numbers pointed toward a company closing the gap between its long-promised turnaround and reality. Revenue climbed to $178 million, gross margin crept to nearly break-even, and management raised its full-year growth guidance for the second time this year. CEO Jose Luis Crespo framed the quarter as proof the business is executing, and the underlying figures back that up.
Revenue rose about 9% sequentially to $178 million, pushing first-half sales to $342 million, up 11% year-over-year. Management raised full-year revenue growth guidance to 15% to 16%, up from the 13% to 15% range given last quarter, citing visibility into a historically second-half-weighted business. Material handling was the standout. Plug deployed 1,670 GenDrive units in the quarter, more than doubling the 39 units deployed in the second quarter of last year. Service revenue grew 82% year-over-year to $29.8 million with a 27% margin, and two of the company's largest material handling customers are planning to refresh more than 20,000 GenDrive units over the next three years, a multi-year revenue base already locked in.
The electrolyzer segment added fresh wins too, including a 50 MW order tied to a final investment decision at the Hunter Valley Hydrogen Hub in Australia, a 30 MW UK project reaching FID, and selection for a 275 MW feed study in Quebec. Management also pointed to European regulation, including Spain's draft renewable fuels framework, as a potential driver of roughly 10 GW of electrolyzer demand by 2030.
Despite the progress, the business remains unprofitable across every segment. Gross margin was still negative at roughly -0.9%, and the fuel segment, while improved to -48.8% from -91% a year ago, remains deeply unprofitable. GAAP EPS was a loss of $0.14, weighed down by about $104 million in non-cash mark-to-market charges tied to convertible debt and warrants. The reported 50% year-over-year drop in operating expenses to $62 million leaned heavily on a $39.7 million recovery of previously impaired ****** ets, including a $37 million gain from a customer contract dispute settled in June, meaning the underlying cost base improved less than the headline number implies. Cash usage of $61 million for the quarter, while down 58% sequentially, still represents ongoing burn.
The company's liquidity plan depends in part on non-dilutive financing, including a July transaction expected to generate about $80 million from ****** et sales, of which only $47 million had been received as of the call. Positive EBITDA in the fourth quarter remains a target management reiterated rather than a result already delivered.
#year #revenue
Revenue rose about 9% sequentially to $178 million, pushing first-half sales to $342 million, up 11% year-over-year. Management raised full-year revenue growth guidance to 15% to 16%, up from the 13% to 15% range given last quarter, citing visibility into a historically second-half-weighted business. Material handling was the standout. Plug deployed 1,670 GenDrive units in the quarter, more than doubling the 39 units deployed in the second quarter of last year. Service revenue grew 82% year-over-year to $29.8 million with a 27% margin, and two of the company's largest material handling customers are planning to refresh more than 20,000 GenDrive units over the next three years, a multi-year revenue base already locked in.
The electrolyzer segment added fresh wins too, including a 50 MW order tied to a final investment decision at the Hunter Valley Hydrogen Hub in Australia, a 30 MW UK project reaching FID, and selection for a 275 MW feed study in Quebec. Management also pointed to European regulation, including Spain's draft renewable fuels framework, as a potential driver of roughly 10 GW of electrolyzer demand by 2030.
Despite the progress, the business remains unprofitable across every segment. Gross margin was still negative at roughly -0.9%, and the fuel segment, while improved to -48.8% from -91% a year ago, remains deeply unprofitable. GAAP EPS was a loss of $0.14, weighed down by about $104 million in non-cash mark-to-market charges tied to convertible debt and warrants. The reported 50% year-over-year drop in operating expenses to $62 million leaned heavily on a $39.7 million recovery of previously impaired ****** ets, including a $37 million gain from a customer contract dispute settled in June, meaning the underlying cost base improved less than the headline number implies. Cash usage of $61 million for the quarter, while down 58% sequentially, still represents ongoing burn.
The company's liquidity plan depends in part on non-dilutive financing, including a July transaction expected to generate about $80 million from ****** et sales, of which only $47 million had been received as of the call. Positive EBITDA in the fourth quarter remains a target management reiterated rather than a result already delivered.
#year #revenue
4 days ago
Some celebrities are just as passionate about cars as they are about their careers. From rare vintage models to sleek modern classics, these stars have built impressive collections that often reflect their personal taste and years of dedication to the hobby. Musicians, actors, comedians and TV personalities have all spent time tracking down special vehicles and adding them to their garages. Here are the famous car enthusiasts whose collections may surprise you.
Image Press Agency / MEGA
Lady Gaga is celebrated for her boundary-pushing artistry, but her garage showcases a collection of classic American muscle that's just as bold. Her collection has included a 1965 Lincoln Continental Convertible, a 1969 Chevrolet Nova SS and a 1967 Ford Bronco, all emblematic of her flair for reinvention. Rather than chasing modern supercars, the singer has favored practical, road-worthy classics like her first-generation Mustang and Chevrolet El Camino, according to HotCars.
MAR / Capital Pictures / MEGA
Tim Allen's love affair with cars runs deep, mirrored in his selection of muscle cars and American classics. Whether hosting legendary sitcoms or working in his private garage, Allen curates an eclectic lineup of automotive icons, including a rare Ford RS200 rally special and a Shelby Cobra alongside vintage and modern Mustang GT350s, per ClassicCars Journal.
#modern #american #ford #vintage
Image Press Agency / MEGA
Lady Gaga is celebrated for her boundary-pushing artistry, but her garage showcases a collection of classic American muscle that's just as bold. Her collection has included a 1965 Lincoln Continental Convertible, a 1969 Chevrolet Nova SS and a 1967 Ford Bronco, all emblematic of her flair for reinvention. Rather than chasing modern supercars, the singer has favored practical, road-worthy classics like her first-generation Mustang and Chevrolet El Camino, according to HotCars.
MAR / Capital Pictures / MEGA
Tim Allen's love affair with cars runs deep, mirrored in his selection of muscle cars and American classics. Whether hosting legendary sitcoms or working in his private garage, Allen curates an eclectic lineup of automotive icons, including a rare Ford RS200 rally special and a Shelby Cobra alongside vintage and modern Mustang GT350s, per ClassicCars Journal.
#modern #american #ford #vintage
16 days ago
Vanessa Drozda is still ******* med over missing out on a chance as a child to be in the Grand Parade during the annual Pro Football Hall of Fame Enshrinement Festival.
The Stark County native and "Age of Attraction" reality television star was 7 years old when she misunderstood her aunt's invitation to carry a banner during the big parade.
"My uncle was on the Hall of Fame committee at the time," recalled Drozda, 51. "I misunderstood and thought (my aunt) meant play in the marching band, so I said, 'No way!"' thinking I don't how to play an instrument.
"Then, as I attended the parade and saw my little cousin carrying the banner instead, I was so upset because I realized I'd passed up on an awesome opportunity. I remember thinking I'd blown my only chance to ever be part of the parade."
But Drozda will get a do-over of sorts when she rides in a convertible in the Grand Parade presented by Certified Angus Beef on Aug. 8.
#drozda #hall #play
The Stark County native and "Age of Attraction" reality television star was 7 years old when she misunderstood her aunt's invitation to carry a banner during the big parade.
"My uncle was on the Hall of Fame committee at the time," recalled Drozda, 51. "I misunderstood and thought (my aunt) meant play in the marching band, so I said, 'No way!"' thinking I don't how to play an instrument.
"Then, as I attended the parade and saw my little cousin carrying the banner instead, I was so upset because I realized I'd passed up on an awesome opportunity. I remember thinking I'd blown my only chance to ever be part of the parade."
But Drozda will get a do-over of sorts when she rides in a convertible in the Grand Parade presented by Certified Angus Beef on Aug. 8.
#drozda #hall #play
22 days ago
O'Keeffe Stevens Advisory, an investment advisory firm, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. During Q2 2026, the market experienced notable dispersion between perceived AI losers and winners. The firm has made investments early in AI infrastructure companies, which yielded gains during market repricing. The second quarter experienced strong equity rallies, with the S&P 500 gaining 15.2% and the Nasdaq 21.4%, marking the best quarter since Q2 2020. While the software sector faced challenges, with the iShares Software ETF dropping ~27% before a rally, reflecting high volatility. This volatility is seen as an opportunity, despite the potential for 'dead money' in underperforming stocks. The firm remains cautious, focuses on owning durable businesses at reasonable prices, holding cash, and hedging risks to navigate unpredictability. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, O'Keeffe Stevens Advisory highlighted Callaway Golf Company (NYSE:CALY). Callaway Golf Company (NYSE:CALY) is a global manufacturer of golf equipment, golf and lifestyle apparel, and other accessories. On July 27, 2026, Callaway Golf Company (NYSE:CALY) closed at $18.27 per share, reflecting a market capitalization of $3.28 billion. Callaway Golf Company (NYSE:CALY) posted a one-month return of -2.77%, while its shares gained 89.72% over the past 52 weeks.
O'Keeffe Stevens Advisory stated the following regarding Callaway Golf Company (NYSE:CALY) in its Q2 2026 investor update:
"Callaway Golf Company (NYSE:CALY): Post the announced sale of their TopGolf business, the next catalyst to the story is demonstrating the clean, high-quality business of the remaining club, ball, and apparel business. Q1 net sales rose 9.2% to $687.5m, adjusted EBITDA climbed 31.1% to $163.7 million, and non-GAAP net income from continuing operations increased 96%, with gross margin up roughly 260 basis points, absorbing about $18m of incremental tariX expense. Management raised its full-year outlook, and the summer thus far has been a net positive for the golf industry. On capital return, through April 30, Callaway repurchased 5.6 million shares at an average cost of $14.08 ($79 million of the $200 million authorization), and on May 1 the company settled its $258 million of convertible notes in cash and remains in a net cash position. Our thesis continues to play out, and while the stock has materially appreciated, we still see upside to numbers. Management is acting exactly as expected, reducing debt, returning capital a complex-to-simple story easy for all to understand better."
#golf #caly #o 'keeffe #stevens
In its Q2 2026 investor letter, O'Keeffe Stevens Advisory highlighted Callaway Golf Company (NYSE:CALY). Callaway Golf Company (NYSE:CALY) is a global manufacturer of golf equipment, golf and lifestyle apparel, and other accessories. On July 27, 2026, Callaway Golf Company (NYSE:CALY) closed at $18.27 per share, reflecting a market capitalization of $3.28 billion. Callaway Golf Company (NYSE:CALY) posted a one-month return of -2.77%, while its shares gained 89.72% over the past 52 weeks.
O'Keeffe Stevens Advisory stated the following regarding Callaway Golf Company (NYSE:CALY) in its Q2 2026 investor update:
"Callaway Golf Company (NYSE:CALY): Post the announced sale of their TopGolf business, the next catalyst to the story is demonstrating the clean, high-quality business of the remaining club, ball, and apparel business. Q1 net sales rose 9.2% to $687.5m, adjusted EBITDA climbed 31.1% to $163.7 million, and non-GAAP net income from continuing operations increased 96%, with gross margin up roughly 260 basis points, absorbing about $18m of incremental tariX expense. Management raised its full-year outlook, and the summer thus far has been a net positive for the golf industry. On capital return, through April 30, Callaway repurchased 5.6 million shares at an average cost of $14.08 ($79 million of the $200 million authorization), and on May 1 the company settled its $258 million of convertible notes in cash and remains in a net cash position. Our thesis continues to play out, and while the stock has materially appreciated, we still see upside to numbers. Management is acting exactly as expected, reducing debt, returning capital a complex-to-simple story easy for all to understand better."
#golf #caly #o 'keeffe #stevens
23 days ago
By Yantoultra Ngui and Selena Li
SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.
Revenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion retailer swung to a $99 million loss, the filing showed.
While the quarterly loss partly reflected a $328 million fair-value charge on convertible redeemable preferred shares following an accounting change, slowing revenue growth and weaker core earnings underscore the company's mounting challenges.
"Institutional investors on the HKEX (Hong Kong Stock Exchange) will ... zero in on the 2.9% operating margin," said Winston Ma, executive director of the Global Public Investment Funds Forum and a former managing director at the China Investment Corporation.
#hong
SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.
Revenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion retailer swung to a $99 million loss, the filing showed.
While the quarterly loss partly reflected a $328 million fair-value charge on convertible redeemable preferred shares following an accounting change, slowing revenue growth and weaker core earnings underscore the company's mounting challenges.
"Institutional investors on the HKEX (Hong Kong Stock Exchange) will ... zero in on the 2.9% operating margin," said Winston Ma, executive director of the Global Public Investment Funds Forum and a former managing director at the China Investment Corporation.
#hong
23 days ago
By Yantoultra Ngui and Selena Li
SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.
Revenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion retailer swung to a $99 million loss, the filing showed.
While the quarterly loss partly reflected a $328 million fair-value charge on convertible redeemable preferred shares following an accounting change, slowing revenue growth and weaker core earnings underscore the company's mounting challenges.
"Institutional investors on the HKEX (Hong Kong Stock Exchange) will ... zero in on the 2.9% operating margin," said Winston Ma, executive director of the Global Public Investment Funds Forum and a former managing director at the China Investment Corporation.
#hong #billion #slowing
SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.
Revenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion retailer swung to a $99 million loss, the filing showed.
While the quarterly loss partly reflected a $328 million fair-value charge on convertible redeemable preferred shares following an accounting change, slowing revenue growth and weaker core earnings underscore the company's mounting challenges.
"Institutional investors on the HKEX (Hong Kong Stock Exchange) will ... zero in on the 2.9% operating margin," said Winston Ma, executive director of the Global Public Investment Funds Forum and a former managing director at the China Investment Corporation.
#hong #billion #slowing
28 days ago
In Bitcoin news today, shareholders of Satsuma Technology voted by more than 90% on Monday to sell the company's remaining 668 BTC, worth roughly $43.5M at current prices, and to cancel its LSE delisting, overruling four of six board members and formally ending a Bitcoin treasury experiment that lasted less than 12 months.
The decision crystallizes one of the sharper destructions of investor capital in the UK crypto ******* e: against the £163.6M raised in August 2025, shareholders now expect to recover between £26.8M and £30M after wind-down costs, less than 20 pence on the pound.
This latest Bitcoin Treasury firm news dropped as BTC climbed a modest +0.4% overnight, dropping under $66,000 since yesterday but still trading at $65,700, with a daily trading volume of $31.8Bn.
Satsuma started life as TAO Alpha, a small AI firm, before rebranding and pivoting to a Bitcoin treasury accumulation strategy. In August 2025, it hired Mark Moss, an American Bitcoin commentator with over 700,000 YouTube subscribers, as Chief Bitcoin Strategist.
The firm then raised £163.6M through convertible notes led by ParaFi Capital, with Pantera Capital, Digital Currency Group, and Kraken participating. Some investors contributed 1,097 BTC directly in place of roughly $97M in cash.
#Bitcoin #firm #august #shareholders
The decision crystallizes one of the sharper destructions of investor capital in the UK crypto ******* e: against the £163.6M raised in August 2025, shareholders now expect to recover between £26.8M and £30M after wind-down costs, less than 20 pence on the pound.
This latest Bitcoin Treasury firm news dropped as BTC climbed a modest +0.4% overnight, dropping under $66,000 since yesterday but still trading at $65,700, with a daily trading volume of $31.8Bn.
Satsuma started life as TAO Alpha, a small AI firm, before rebranding and pivoting to a Bitcoin treasury accumulation strategy. In August 2025, it hired Mark Moss, an American Bitcoin commentator with over 700,000 YouTube subscribers, as Chief Bitcoin Strategist.
The firm then raised £163.6M through convertible notes led by ParaFi Capital, with Pantera Capital, Digital Currency Group, and Kraken participating. Some investors contributed 1,097 BTC directly in place of roughly $97M in cash.
#Bitcoin #firm #august #shareholders
29 days ago
Interested in IREN Limited? Here are five stocks we like better.
IREN Limited signed $2.8 billion in new AI cloud contracts, pushing its stock up nearly 20% and above $40 per share.
The deals raise IREN's 2026 annualized revenue target past $4 billion, with about 85% already under contract from clients like Microsoft and NVIDIA.
IREN funded its expansion with a $2.6 billion convertible notes offering and capped call transactions, though grid interconnection delays remain a key risk.
IREN Limited (NASDAQ: IREN) recently sent a signal to the broader equity markets. A $2.8 billion contract haul does not just change a quarterly earnings trajectory.
#iren #contract #interested #here
IREN Limited signed $2.8 billion in new AI cloud contracts, pushing its stock up nearly 20% and above $40 per share.
The deals raise IREN's 2026 annualized revenue target past $4 billion, with about 85% already under contract from clients like Microsoft and NVIDIA.
IREN funded its expansion with a $2.6 billion convertible notes offering and capped call transactions, though grid interconnection delays remain a key risk.
IREN Limited (NASDAQ: IREN) recently sent a signal to the broader equity markets. A $2.8 billion contract haul does not just change a quarterly earnings trajectory.
#iren #contract #interested #here
1 month ago
Sable Offshore Corp. (NYSE:SOC) is one of the 10 best stocks under $10 that could triple.
On July 6, Lloyd Byrne from Jefferies reduced Sable Offshore Corp.'s (NYSE:SOC) price target from $24 to $11. Despite such a huge downward adjustment, the price target still results in an upside potential of over 180%.
Pixabay/Public Domain
The ****** yst maintained a Buy rating on the stock despite some recent challenges, such as the dilution for current equity holders caused by the recent convertible notes offering. The offering was executed amid the company's failure to attain government support.
Earlier on July 1, Sable Offshore Corp. (NYSE:SOC) shared details around the company's recent public offerings. These involved 32,467,533 common shares, priced at $3.08 per share, and the issuance of 6.5% convertible senior notes with a $300 million principal amount due in 2031.
On July 6, Lloyd Byrne from Jefferies reduced Sable Offshore Corp.'s (NYSE:SOC) price target from $24 to $11. Despite such a huge downward adjustment, the price target still results in an upside potential of over 180%.
Pixabay/Public Domain
The ****** yst maintained a Buy rating on the stock despite some recent challenges, such as the dilution for current equity holders caused by the recent convertible notes offering. The offering was executed amid the company's failure to attain government support.
Earlier on July 1, Sable Offshore Corp. (NYSE:SOC) shared details around the company's recent public offerings. These involved 32,467,533 common shares, priced at $3.08 per share, and the issuance of 6.5% convertible senior notes with a $300 million principal amount due in 2031.
1 month ago
Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Quantum Computing Stocks to buy and Hold Forever. The company has a dedicated research division building superconducting quantum processors like Sycamore and the newer Willow chip.
Recently, on July 2, Reuters reported that Alphabet Inc. (NASDAQ:GOOGL) aims to raise more than $80 billion in equity offerings and a major investment from Berkshire Hathaway to fund its expensive AI infrastructure buildout. The deal also signals Berkshire's confidence in the company's AI and cloud strategy.
The report noted that Berkshire will buy $10 billion in stock through a private placement. This will include $5 billion in Class A shares at $351.81 each and $5 billion in Class C shares at $348.20 each. This adds to Berkshire's position, which it has been building since last year. With around $16.6 billion, Alphabet becomes one of Berkshire's largest holdings.
As per Reuters, ***** ysts have framed the purchase as a vote of confidence from Berkshire CEO Greg Abel that Alphabet's AI spending will pay off despite the dilution from new shares. Moreover, the company also plans to raise $30 billion through public offerings split between convertible preferred stock and common shares, plus a $40 billion at-the-market program launching in the third quarter for gradual share sales.
Alphabet Inc. (NASDAQ:GOOGL) is a holding company that operates Google services such as search engines, ad platforms, Internet browsers, devices, mapping software, app stores, video streaming, and more. The company also offers cloud infrastructure and platform services, collaboration tools, and other services for enterprise customers, as well as healthcare-related services and internet services.
Recently, on July 2, Reuters reported that Alphabet Inc. (NASDAQ:GOOGL) aims to raise more than $80 billion in equity offerings and a major investment from Berkshire Hathaway to fund its expensive AI infrastructure buildout. The deal also signals Berkshire's confidence in the company's AI and cloud strategy.
The report noted that Berkshire will buy $10 billion in stock through a private placement. This will include $5 billion in Class A shares at $351.81 each and $5 billion in Class C shares at $348.20 each. This adds to Berkshire's position, which it has been building since last year. With around $16.6 billion, Alphabet becomes one of Berkshire's largest holdings.
As per Reuters, ***** ysts have framed the purchase as a vote of confidence from Berkshire CEO Greg Abel that Alphabet's AI spending will pay off despite the dilution from new shares. Moreover, the company also plans to raise $30 billion through public offerings split between convertible preferred stock and common shares, plus a $40 billion at-the-market program launching in the third quarter for gradual share sales.
Alphabet Inc. (NASDAQ:GOOGL) is a holding company that operates Google services such as search engines, ad platforms, Internet browsers, devices, mapping software, app stores, video streaming, and more. The company also offers cloud infrastructure and platform services, collaboration tools, and other services for enterprise customers, as well as healthcare-related services and internet services.
1 month ago
Laughing Water Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The second quarter was exceptionally good for the portfolio, with Class A investment in Laughing Water Capital returning approximately 39.8% net of all fees and expenses, bringing the YTD return to approximately 33.6% net. The SP500TR and R2000 returned approximately 15.0% and 21.5%, respectively, in the second quarter. The impressive performance was driven by three of the top five positions being acquired, with its largest position nearly doubling during the quarter. The letter emphasizes that patience can often lead to profits in an inefficient market characterized by fluctuations, suggesting that investing in undervalued stocks can yield good long-term returns. In addition, please check the portfolio's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Laughing Water Capital highlighted NextNav Inc. (NASDAQ:NN). Headquartered in Reston, Virginia, NextNav Inc. (NASDAQ:NN) is a technology company that specializes in positioning, navigation, and timing (PNT) solutions that offer Pinnacle, an accurate altitude service for public safety applications. On July 14, 2026, NextNav Inc. (NASDAQ:NN) closed at $15.30 per share, reflecting a market capitalization of $2.09 billion. NextNav Inc. (NASDAQ:NN) posted a one-month return of -17.34%, while its shares gained 0.66% over the past 52 weeks.
Laughing Water Capital stated the following regarding NextNav Inc. (NASDAQ:NN) in its Q2 2026 investor update:
"NextNav Inc. (NASDAQ:NN) – NextNav, our terrestrial backup to GPS / spectrum play remains in limbo as we await a Notice of Proposed Rule Making (NPRM) from the Federal Communications Commission (FCC) that will allow Nextnav to use its wireless spectrum for 5G communication. Despite the regulatory delay, the company has made significant progress in cleaning up its balance sheet. Notably, during the quarter the company's ****** warrants were called and convertible debt was converted to equity. In the near-term events such as these can weigh on share price due to arbitrage opportunities and hedging. However, in the intermediate term when the quants that dominate the markets next see a Nextnav balance sheet they will be looking at a cash rich company rather than a highly levered company. It would not surprise me to see short covering on this change.
Moving away from trading dynamics and toward political tea leaves, during the quarter Nextnav CEO Miriam Sorond testified in front of the U.S. House Energy and Commerce Subcommittee on Communications & Technology, alongside representatives of several of the groups that oppose Nextnav's plan. Not surprisingly the opposition warned of interference risks if Nextnav's plan is granted, while Sorond noted that recent real-world testing showed no interference. Following this meeting Nextnav asked the FCC for permission to run tests that
In its Q2 2026 investor letter, Laughing Water Capital highlighted NextNav Inc. (NASDAQ:NN). Headquartered in Reston, Virginia, NextNav Inc. (NASDAQ:NN) is a technology company that specializes in positioning, navigation, and timing (PNT) solutions that offer Pinnacle, an accurate altitude service for public safety applications. On July 14, 2026, NextNav Inc. (NASDAQ:NN) closed at $15.30 per share, reflecting a market capitalization of $2.09 billion. NextNav Inc. (NASDAQ:NN) posted a one-month return of -17.34%, while its shares gained 0.66% over the past 52 weeks.
Laughing Water Capital stated the following regarding NextNav Inc. (NASDAQ:NN) in its Q2 2026 investor update:
"NextNav Inc. (NASDAQ:NN) – NextNav, our terrestrial backup to GPS / spectrum play remains in limbo as we await a Notice of Proposed Rule Making (NPRM) from the Federal Communications Commission (FCC) that will allow Nextnav to use its wireless spectrum for 5G communication. Despite the regulatory delay, the company has made significant progress in cleaning up its balance sheet. Notably, during the quarter the company's ****** warrants were called and convertible debt was converted to equity. In the near-term events such as these can weigh on share price due to arbitrage opportunities and hedging. However, in the intermediate term when the quants that dominate the markets next see a Nextnav balance sheet they will be looking at a cash rich company rather than a highly levered company. It would not surprise me to see short covering on this change.
Moving away from trading dynamics and toward political tea leaves, during the quarter Nextnav CEO Miriam Sorond testified in front of the U.S. House Energy and Commerce Subcommittee on Communications & Technology, alongside representatives of several of the groups that oppose Nextnav's plan. Not surprisingly the opposition warned of interference risks if Nextnav's plan is granted, while Sorond noted that recent real-world testing showed no interference. Following this meeting Nextnav asked the FCC for permission to run tests that
1 month ago
Sable Offshore Corp. (NYSE:SOC) is one of the 10 best stocks under $10 that could triple.
On July 6, Lloyd Byrne from Jefferies reduced Sable Offshore Corp.'s (NYSE:SOC) price target from $24 to $11. Despite such a huge downward adjustment, the price target still results in an upside potential of over 180%.
Pixabay/Public Domain
The ****** yst maintained a Buy rating on the stock despite some recent challenges, such as the dilution for current equity holders caused by the recent convertible notes offering. The offering was executed amid the company's failure to attain government support.
Earlier on July 1, Sable Offshore Corp. (NYSE:SOC) shared details around the company's recent public offerings. These involved 32,467,533 common shares, priced at $3.08 per share, and the issuance of 6.5% convertible senior notes with a $300 million principal amount due in 2031.
On July 6, Lloyd Byrne from Jefferies reduced Sable Offshore Corp.'s (NYSE:SOC) price target from $24 to $11. Despite such a huge downward adjustment, the price target still results in an upside potential of over 180%.
Pixabay/Public Domain
The ****** yst maintained a Buy rating on the stock despite some recent challenges, such as the dilution for current equity holders caused by the recent convertible notes offering. The offering was executed amid the company's failure to attain government support.
Earlier on July 1, Sable Offshore Corp. (NYSE:SOC) shared details around the company's recent public offerings. These involved 32,467,533 common shares, priced at $3.08 per share, and the issuance of 6.5% convertible senior notes with a $300 million principal amount due in 2031.
1 month ago
Fermi America (NASDAQ:FRMI) shares dropped nearly 15% in premarket trading after the company announced the pricing of an enlarged $375 million offering of 5.00% convertible senior notes due in 2031.
The financing, priced late on July 9, triggered a sharp sell-off in after-hours trading that continued into Friday's premarket session.
The notes are being sold to qualified institutional buyers under Rule 144A and carry an initial conversion price of approximately $9.52 per share.
Initial purchasers also have the option to buy an additional $56.25 million of notes, increasing the potential size of the offering to $431.25 million. The possibility of additional share dilution weighed heavily on investor sentiment, particularly given the company's ongoing cash consumption.
The capital raise follows a difficult first quarter in which Fermi reported a net loss of roughly $189 million, largely driven by non-cash share-based compensation expenses. The company also generated no revenue during the period, falling short of ******* yst expectations and prompting several research firms to lower their ratings in recent months.
The financing, priced late on July 9, triggered a sharp sell-off in after-hours trading that continued into Friday's premarket session.
The notes are being sold to qualified institutional buyers under Rule 144A and carry an initial conversion price of approximately $9.52 per share.
Initial purchasers also have the option to buy an additional $56.25 million of notes, increasing the potential size of the offering to $431.25 million. The possibility of additional share dilution weighed heavily on investor sentiment, particularly given the company's ongoing cash consumption.
The capital raise follows a difficult first quarter in which Fermi reported a net loss of roughly $189 million, largely driven by non-cash share-based compensation expenses. The company also generated no revenue during the period, falling short of ******* yst expectations and prompting several research firms to lower their ratings in recent months.
1 month ago
With a 5-year EPS growth forecasted at 26.43%, Bandwidth Inc. (NASDAQ:BAND) is among the 12 Best Cybersecurity Stocks to Buy and Hold for the Long Term.
On June 15, Bandwidth Inc. (NASDAQ:BAND) announced its intention to offer, subject to market and other customary conditions, $275 million aggregate principal amount of Convertible Senior Notes due 2032 in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The proposed financing is expected to provide the company with additional financial flexibility to support its long-term strategic and operational objectives.
On June 9, Bandwidth Inc. (NASDAQ:BAND) announced the appointment of Kimberly McLachlan as Chief Revenue Officer. McLachlan most recently served as Chief Revenue Officer and Head of Sales for the Application division at Vonage, where she was responsible for leading global sales and go-to-market strategy. Prior to joining Vonage, she also served as Chief Revenue Officer at Broadvoice, bringing extensive leadership experience in communications technology and enterprise sales.
Founded in 1999 and headquartered in Raleigh, North Carolina, Bandwidth Inc. (NASDAQ:BAND) is a Communications Platform-as-a-Service (CPaaS) provider that enables enterprises to embed voice, messaging, and E911 services into their applications using software APIs. Bandwidth's planned capital raise enhances its financial flexibility, providing additional resources to support future growth initiatives and strategic investments.
While we acknowledge the potential of BAND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
On June 15, Bandwidth Inc. (NASDAQ:BAND) announced its intention to offer, subject to market and other customary conditions, $275 million aggregate principal amount of Convertible Senior Notes due 2032 in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The proposed financing is expected to provide the company with additional financial flexibility to support its long-term strategic and operational objectives.
On June 9, Bandwidth Inc. (NASDAQ:BAND) announced the appointment of Kimberly McLachlan as Chief Revenue Officer. McLachlan most recently served as Chief Revenue Officer and Head of Sales for the Application division at Vonage, where she was responsible for leading global sales and go-to-market strategy. Prior to joining Vonage, she also served as Chief Revenue Officer at Broadvoice, bringing extensive leadership experience in communications technology and enterprise sales.
Founded in 1999 and headquartered in Raleigh, North Carolina, Bandwidth Inc. (NASDAQ:BAND) is a Communications Platform-as-a-Service (CPaaS) provider that enables enterprises to embed voice, messaging, and E911 services into their applications using software APIs. Bandwidth's planned capital raise enhances its financial flexibility, providing additional resources to support future growth initiatives and strategic investments.
While we acknowledge the potential of BAND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
1 month ago
Vishay Intertechnology Inc. (NYSE:VSH) is one of the 10 Stocks Investors Are Running Away From.
Vishay Intertechnology fell by 8.62 percent on Tuesday to end at $42.19 apiece, as investors unloaded positions amid the share dilution potential of its convertible senior notes due 2030.
On Sunday, July 5, holders of Vishay Intertechnology Inc.'s (NYSE:VSH) 2.25 percent convertible senior notes due 2030 have been allowed to convert their holdings into cash or shares, or both, until October 3, 2026.
Photo by Tima Miroshnichenko on Pexels
The notes became convertible after its share price jumped by more than 130 percent of the conversion price, or the required threshold on at least 20 trading days within a 30-day trading period.
Vishay Intertechnology fell by 8.62 percent on Tuesday to end at $42.19 apiece, as investors unloaded positions amid the share dilution potential of its convertible senior notes due 2030.
On Sunday, July 5, holders of Vishay Intertechnology Inc.'s (NYSE:VSH) 2.25 percent convertible senior notes due 2030 have been allowed to convert their holdings into cash or shares, or both, until October 3, 2026.
Photo by Tima Miroshnichenko on Pexels
The notes became convertible after its share price jumped by more than 130 percent of the conversion price, or the required threshold on at least 20 trading days within a 30-day trading period.
1 month ago
The electric vertical take-off and landing aircraft (eVTOL) market is a tough one to invest in because it's in such an early stage. While there are multiple companies involved in the ***** e and trying to convince investors they're the real deals, it's difficult, if not impossible, to predict which, if any, will lead the market in the next five to 10 years.
Joby Aviation (NYSE: JOBY) is one of the promising players in the industry, and that's evident with its sizable valuation. Its market cap is nearly $9 billion -- more than double that of rival Archer Aviation. But investors have grown bearish about Joby's stock of late, as it's down more than 30% since the beginning of the year. Trading at around $9, investors may be torn about where the eVTOL stock will be headed from here on out: is it more likely to get to $15 or $5 this year?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Joby's stock had been rising prior to the start of this year on the hope that its air taxis would soon commence operating activities. While that's still a possibility, it's notable that the stock began to go into a free fall in late January after Joby announced it was raising about $1.2 billion from the issue of common stock and convertible notes, raising flags over the unprofitable company's need to raise cash -- an issue that's likely to persist over the long haul.
While Joby has been showcasing its air taxi with test flights in New York City and Dubai, investors are still left waiting for approval from regulators, which would surely be the catalyst that lifts the stock higher. Joby has previously stated it expects to commence U.S. operations at some point this year. If that ends up happening, that could be what's needed for the stock to rally once more.
Joby Aviation (NYSE: JOBY) is one of the promising players in the industry, and that's evident with its sizable valuation. Its market cap is nearly $9 billion -- more than double that of rival Archer Aviation. But investors have grown bearish about Joby's stock of late, as it's down more than 30% since the beginning of the year. Trading at around $9, investors may be torn about where the eVTOL stock will be headed from here on out: is it more likely to get to $15 or $5 this year?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Joby's stock had been rising prior to the start of this year on the hope that its air taxis would soon commence operating activities. While that's still a possibility, it's notable that the stock began to go into a free fall in late January after Joby announced it was raising about $1.2 billion from the issue of common stock and convertible notes, raising flags over the unprofitable company's need to raise cash -- an issue that's likely to persist over the long haul.
While Joby has been showcasing its air taxi with test flights in New York City and Dubai, investors are still left waiting for approval from regulators, which would surely be the catalyst that lifts the stock higher. Joby has previously stated it expects to commence U.S. operations at some point this year. If that ends up happening, that could be what's needed for the stock to rally once more.
2 months ago
SharonAI Holdings Inc. (NASDAQ:SHAZ) is one of the best new tech stocks to buy according to ******* ysts. On June 29, Sharon AI announced the closing of an oversubscribed $1.6 billion private placement financing. The transaction included ~$900 million in Class A Ordinary Common Stock and pre-funded warrants, alongside $700 million in 4.75% Convertible Senior Notes. The financing was anchored by major institutional investors, including Situational Awareness L.P. and funds managed by Oaktree Capital Management L.P.
The company plans to use the capital to execute its six-year strategic compute collaboration with NVIDIA (NASDAQ:NVDA). A primary objective is the construction of one of Australia's largest AI factories, which will feature the deployment of up to 40,000 Grace Blackwell GB300 GPUs. This infrastructure investment serves as a cornerstone for the company's broader expansion strategy in the Neocloud sector.
spacedrone808/Shutterstock.com
Goldman Sachs & Co. LLC served as the lead placement agent for the transaction, with additional support from Lucid Capital Markets. Macquarie Capital was the financial advisor. The company expects to provide further details regarding the financing in an upcoming filing with the US Securities and Exchange Commission.
SharonAI Holdings Inc. (NASDAQ:SHAZ) is a leading Australian Neocloud and HPC company specializing in AI infrastructure and cloud GPU environments. The firm provides cutting-edge GPU solutions for training and inference to accelerate the development of AI factories and sovereign AI solutions.
The company plans to use the capital to execute its six-year strategic compute collaboration with NVIDIA (NASDAQ:NVDA). A primary objective is the construction of one of Australia's largest AI factories, which will feature the deployment of up to 40,000 Grace Blackwell GB300 GPUs. This infrastructure investment serves as a cornerstone for the company's broader expansion strategy in the Neocloud sector.
spacedrone808/Shutterstock.com
Goldman Sachs & Co. LLC served as the lead placement agent for the transaction, with additional support from Lucid Capital Markets. Macquarie Capital was the financial advisor. The company expects to provide further details regarding the financing in an upcoming filing with the US Securities and Exchange Commission.
SharonAI Holdings Inc. (NASDAQ:SHAZ) is a leading Australian Neocloud and HPC company specializing in AI infrastructure and cloud GPU environments. The firm provides cutting-edge GPU solutions for training and inference to accelerate the development of AI factories and sovereign AI solutions.
2 months ago
Former House Speaker Nancy Pelosi's husband was involved in a hit and run Friday in California's wine country that left one car with "major damage," according to local authorities, who said the 86-year-old could face misdemeanor charges.
Paul Pelosi was driving his brown convertible in Yountville, a small town in Napa County, when he struck a legally parked car on the side of the road, briefly stopped and then drove away, the Napa County Sheriff's Office said in a news release Saturday. There were no reported injuries.
A witness saw the crash and called 911. Shortly after, sheriff's deputies found Pelosi with severe damage to the front of his car on a nearby road roughly a quarter of a mile away. The octogenarian told officers that he knew he hit something but wasn't sure when or what caused the damage to his car.
Pelosi didn't have any alcohol in his system at the time of the crash, according to the statement. The sheriff's office referred Pelosi to the California Department of Motor Vehicles to initiate a process that will determine whether he is able to continue driving — a process that officials say is "common" for elderly drivers.
He wasn't arrested, and because no one was physically injured, the sheriff's office is recommending a misdemeanor that charges Pelosi with fleeing the scene of an accident.
Paul Pelosi was driving his brown convertible in Yountville, a small town in Napa County, when he struck a legally parked car on the side of the road, briefly stopped and then drove away, the Napa County Sheriff's Office said in a news release Saturday. There were no reported injuries.
A witness saw the crash and called 911. Shortly after, sheriff's deputies found Pelosi with severe damage to the front of his car on a nearby road roughly a quarter of a mile away. The octogenarian told officers that he knew he hit something but wasn't sure when or what caused the damage to his car.
Pelosi didn't have any alcohol in his system at the time of the crash, according to the statement. The sheriff's office referred Pelosi to the California Department of Motor Vehicles to initiate a process that will determine whether he is able to continue driving — a process that officials say is "common" for elderly drivers.
He wasn't arrested, and because no one was physically injured, the sheriff's office is recommending a misdemeanor that charges Pelosi with fleeing the scene of an accident.
2 months ago
While most of her peers were in preschool, Thylane Blondeau was already walking runways. Now, at 25, she's a newlywed with a multi-million fortune — and she's only getting started.
As Globe previously reported, the French model-turned-entrepreneur — once dubbed "the most beautiful girl in the world" by Vogue Enfants — married French DJ Ben Attal at a civil ceremony at the Mairie du 16ème arrondissement in Paris on Monday, June 29.
The newlyweds posed for photos in front of the Eiffel Tower following the ceremony before heading to their reception in a convertible classic car. Thylane's gown by Eva Bouskila Bridal featured a chic capelet with sophisticated ***** ons down the back, paired with a daisy-adorned updo and a calla lily bouquet. Makeup was handled by Dior Beauty, with additional hair and makeup by Ali Andreea and Fabio Petri.
But the nuptials are just the latest chapter for a woman who has quietly amassed a $4.2 million empire entirely on her own terms, according to an article the Daily Mail published Tuesday, June 30.
Thylane started modeling at 4 years old, walking the runway for Jean Paul Gaultier, and by 10 had become the youngest model ever to grace the pages of Vogue Paris — a milestone that opened doors to some of the most prestigious houses in fashion, including Dolce & Gabbana, Miu Miu, L'Oréal Paris, Versace, Ralph Lauren and Hugo Boss, per the report.
As Globe previously reported, the French model-turned-entrepreneur — once dubbed "the most beautiful girl in the world" by Vogue Enfants — married French DJ Ben Attal at a civil ceremony at the Mairie du 16ème arrondissement in Paris on Monday, June 29.
The newlyweds posed for photos in front of the Eiffel Tower following the ceremony before heading to their reception in a convertible classic car. Thylane's gown by Eva Bouskila Bridal featured a chic capelet with sophisticated ***** ons down the back, paired with a daisy-adorned updo and a calla lily bouquet. Makeup was handled by Dior Beauty, with additional hair and makeup by Ali Andreea and Fabio Petri.
But the nuptials are just the latest chapter for a woman who has quietly amassed a $4.2 million empire entirely on her own terms, according to an article the Daily Mail published Tuesday, June 30.
Thylane started modeling at 4 years old, walking the runway for Jean Paul Gaultier, and by 10 had become the youngest model ever to grace the pages of Vogue Paris — a milestone that opened doors to some of the most prestigious houses in fashion, including Dolce & Gabbana, Miu Miu, L'Oréal Paris, Versace, Ralph Lauren and Hugo Boss, per the report.
2 months ago
Alphabet Inc. (NASDAQ:GOOGL) is one of the best growth stocks to buy according to billionaire Dan Loeb. On June 2, Alphabet Inc. (NASDAQ:GOOGL) priced and upsized its equity capital raise to $84.75 billion from $80 billion. The raise is now the largest in US corporate history, and Alphabet intends to use the proceedings to fund the buildout of AI infrastructure and global compute capacity.
GongTo/Shutterstock.com
Alphabet detailed in a statement that it has structured the raise in three parts. The first is a $30 billion underwritten public offering split between common stock and mandatory convertible preferred shares, and the second is a $10 billion private placement anchored by Warren Buffett's Berkshire Hathaway. The last part is a $40 billion at-the-market (ATM) program set to begin in Q3 2026.
On the public offering side, Alphabet priced 25.5 million Class A shares at $355.20 each and 25.5 million Class C shares at $351.80 each. It again priced 167.5 million Series A and Series B depositary shares at $50 each. The company upsized the Class A/C stock portion to $18 billion from $15 billion. It also increased the depositary share portion to $16.75 billion from $15 billion. Alphabet expects net proceeds from these two buckets to be approximately $17.8 billion and $16.6 billion, respectively.
Alphabet Inc. (NASDAQ:GOOGL) is a technology holding company. It operates Google Services, which provides search, advertising, and consumer software services, Google Cloud, and Other Bets, which includes businesses in healthcare, autonomous vehicles, and venture capital.
GongTo/Shutterstock.com
Alphabet detailed in a statement that it has structured the raise in three parts. The first is a $30 billion underwritten public offering split between common stock and mandatory convertible preferred shares, and the second is a $10 billion private placement anchored by Warren Buffett's Berkshire Hathaway. The last part is a $40 billion at-the-market (ATM) program set to begin in Q3 2026.
On the public offering side, Alphabet priced 25.5 million Class A shares at $355.20 each and 25.5 million Class C shares at $351.80 each. It again priced 167.5 million Series A and Series B depositary shares at $50 each. The company upsized the Class A/C stock portion to $18 billion from $15 billion. It also increased the depositary share portion to $16.75 billion from $15 billion. Alphabet expects net proceeds from these two buckets to be approximately $17.8 billion and $16.6 billion, respectively.
Alphabet Inc. (NASDAQ:GOOGL) is a technology holding company. It operates Google Services, which provides search, advertising, and consumer software services, Google Cloud, and Other Bets, which includes businesses in healthcare, autonomous vehicles, and venture capital.
2 months ago
Shares of Google parent Alphabet (GOOGL) retreated again on Thursday, continuing a June swoon. While Google stock has gained 9% in 2026, shares have pulled back since mid-May amid investor worries over 2027 earnings estimates and a surge in capital spending, **** yst Ed Yardeni says in a report.
Google stock climbed after the company reported Q1 financial results on April 29, with strong revenue growth in cloud computing and internet search ads. That helped investors look beyond huge artificial intelligence data-center investments and focus on its "full stack" AI platform.
However, shares have pulled back since Google hit an intraday high of 408.61 on May 18. On the stock market today, Google stock fell more than 1% to 341.12. With the decline, Google stock fell further below its 50-day moving average, a key technical level.
In a report on Thursday, economist Ed Yardeni noted a "string of negative headlines that have weighed" on Google stock in recent weeks. "Investors haven't been happy about Alphabet's surprising plans to sell $80 billion of stock and convertible preferred, the company's boost to its already massive capital spending target for next year, the departure of a key executive in its artificial intelligence operation, and Waymo's recall of 3,900 self-driving cars."
Google's Q1 earnings popped 82% to $5.11 per share for the quarter ending March 31, including a $2.35 per share boost from equity investments. Alphabet owns a roughly 6% stake in Elon Musk's **** eX, which launched an initial public offering in early June, as well as shares in Anthropic and software maker Databricks.
Google stock climbed after the company reported Q1 financial results on April 29, with strong revenue growth in cloud computing and internet search ads. That helped investors look beyond huge artificial intelligence data-center investments and focus on its "full stack" AI platform.
However, shares have pulled back since Google hit an intraday high of 408.61 on May 18. On the stock market today, Google stock fell more than 1% to 341.12. With the decline, Google stock fell further below its 50-day moving average, a key technical level.
In a report on Thursday, economist Ed Yardeni noted a "string of negative headlines that have weighed" on Google stock in recent weeks. "Investors haven't been happy about Alphabet's surprising plans to sell $80 billion of stock and convertible preferred, the company's boost to its already massive capital spending target for next year, the departure of a key executive in its artificial intelligence operation, and Waymo's recall of 3,900 self-driving cars."
Google's Q1 earnings popped 82% to $5.11 per share for the quarter ending March 31, including a $2.35 per share boost from equity investments. Alphabet owns a roughly 6% stake in Elon Musk's **** eX, which launched an initial public offering in early June, as well as shares in Anthropic and software maker Databricks.
2 months ago
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) historically has had no shortage of growth opportunities to direct its capital toward. That's why it never paid a dividend in the past, as management felt the cash was better suited to reinvest in the business. This philosophy changed in June 2024, when the company paid its first quarterly dividend of $0.20 per share. That payout is now $0.22 per quarter. But the low dividend yield of 0.25% isn't enough to compel income investors to buy this Magnificent Seven stock.
The situation looks a bit different now. Alphabet is investing so much to expand its artificial intelligence (AI) infrastructure that it has now tapped equity markets to raise fresh capital. As part of a nearly $85 billion raise, the company issued $16.75 billion of convertible preferred stock (GOOGM is the Class A equivalent, and GOOGN is the Class C equivalent). It offered a hefty 6.25% dividend yield at issuance.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That seems like a good deal, especially since the preferred stock comes from one of the most dominant tech companies. Before you rush to buy, read the fine print first.
Preferred equity is a hybrid security that mimics both bonds, because they have a fixed dividend, and equities, since they represent ownership. And on the capital structure, it sits between bondholders and common shareholders. If a company goes bankrupt and has to liquidate **** ets, preferred holders get paid out before common equity holders.
The situation looks a bit different now. Alphabet is investing so much to expand its artificial intelligence (AI) infrastructure that it has now tapped equity markets to raise fresh capital. As part of a nearly $85 billion raise, the company issued $16.75 billion of convertible preferred stock (GOOGM is the Class A equivalent, and GOOGN is the Class C equivalent). It offered a hefty 6.25% dividend yield at issuance.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That seems like a good deal, especially since the preferred stock comes from one of the most dominant tech companies. Before you rush to buy, read the fine print first.
Preferred equity is a hybrid security that mimics both bonds, because they have a fixed dividend, and equities, since they represent ownership. And on the capital structure, it sits between bondholders and common shareholders. If a company goes bankrupt and has to liquidate **** ets, preferred holders get paid out before common equity holders.
2 months ago
Kenny Klein, the beloved longtime Louisville Athletics sports information director of four decades who saw the Cardinals through two men's basketball national **** les and an ascendance through five conferences, has died. He was 65.
Klein's family confirmed his death to The Courier Journal on June 25. The Southside, Tennessee, native spent 39 years working for the Cardinals — arriving in 1983 as a sports information director and retiring in 2022 as a senior **** ociate athletics director.
During a June 18 meeting of the University of Louisville Athletic **** ociation board, athletics director Josh Heird said Klein had been hospitalized after "a pretty tragic event a week ago" and was "battling to survive."
Klein was best known as the primary spokesperson for Louisville men's basketball — logging 1,309 consecutive games, according to a university release when he announced his retirement. He worked alongside two Hall of Fame coaches in Denny Crum and Rick Pitino, then moved into a part-time position as a consultant when the program changed hands from Chris Mack to Kenny Payne.
In 2010, Pitino famously gifted Klein a red Lexus IS 350 convertible for his 50th birthday. Klein spent the past two seasons as a special advisor to the coach at St. John's. In multiple posts to X during that stretch, Pitino referred to him as his "main man."
Klein's family confirmed his death to The Courier Journal on June 25. The Southside, Tennessee, native spent 39 years working for the Cardinals — arriving in 1983 as a sports information director and retiring in 2022 as a senior **** ociate athletics director.
During a June 18 meeting of the University of Louisville Athletic **** ociation board, athletics director Josh Heird said Klein had been hospitalized after "a pretty tragic event a week ago" and was "battling to survive."
Klein was best known as the primary spokesperson for Louisville men's basketball — logging 1,309 consecutive games, according to a university release when he announced his retirement. He worked alongside two Hall of Fame coaches in Denny Crum and Rick Pitino, then moved into a part-time position as a consultant when the program changed hands from Chris Mack to Kenny Payne.
In 2010, Pitino famously gifted Klein a red Lexus IS 350 convertible for his 50th birthday. Klein spent the past two seasons as a special advisor to the coach at St. John's. In multiple posts to X during that stretch, Pitino referred to him as his "main man."
2 months ago
Digital credit faced its first real stress test this week, as MicroStrategy's STRC preferred stock crashed, prompting critics to declare the Bitcoin-backed ***** et class dead.
Bitcoin (BTC) itself has weathered the same obituaries many times before. On-chain data now tells a different story, with network activity climbing to multi-year highs even as the price slides.
Digital credit is a young class of income-generating securities backed by Bitcoin. Companies holding large Bitcoin reserves issue structured products such as preferred equity and convertible notes.
They use the proceeds to buy more Bitcoin. The aim is straightforward. Long-term BTC appreciation should outpace the dividends and interest those products owe.
Strategy, formerly MicroStrategy, built the clearest example with its STRC preferred stock. STRC has a $100 par value and pays a high, variable yield near 12% per year.
Bitcoin (BTC) itself has weathered the same obituaries many times before. On-chain data now tells a different story, with network activity climbing to multi-year highs even as the price slides.
Digital credit is a young class of income-generating securities backed by Bitcoin. Companies holding large Bitcoin reserves issue structured products such as preferred equity and convertible notes.
They use the proceeds to buy more Bitcoin. The aim is straightforward. Long-term BTC appreciation should outpace the dividends and interest those products owe.
Strategy, formerly MicroStrategy, built the clearest example with its STRC preferred stock. STRC has a $100 par value and pays a high, variable yield near 12% per year.
2 months ago
By taking equity stakes in more than a dozen private businesses, the Trump administration has stretched executive power to new heights—and now Congress is working to ensure that future presidents get the same opportunity.
The Senate's version of the 2027 National Defense Authorization Act includes a provision to create a new slush fund within the U.S. Treasury for the purpose of buying stakes in more private businesses. The Pentagon would be able to tap the proposed Defense Equity Investment Account to make investments of up to $500 million in private companies involved in the production of "critical minerals, materials, and chemicals" or batteries.
The provision, which is buried within the 1,500-word bill drafted this week by the Senate Armed Services Committee, would allow the "direct or indirect purchase, acquisition, or commitment of funds by the Department of Defense in exchange for an ownership interest, convertible interest, warrant, revenue-sharing instrument, or other similar financial instrument in a non-Federal entity."
Besides the $500 million cap on those investments, the government is also forbidden from taking more than a 50 percent ownership stake in any private business. Other than that, however, there seem to be few limitations or guardrails on how the new equity account could be used.
During a closed-door session last week, the Senate Armed Services Committee reportedly voted down an amendment that would have prohibited the Trump administration from taking equity stakes in businesses with ties to the president, his family members, and members of his cabinet.
The Senate's version of the 2027 National Defense Authorization Act includes a provision to create a new slush fund within the U.S. Treasury for the purpose of buying stakes in more private businesses. The Pentagon would be able to tap the proposed Defense Equity Investment Account to make investments of up to $500 million in private companies involved in the production of "critical minerals, materials, and chemicals" or batteries.
The provision, which is buried within the 1,500-word bill drafted this week by the Senate Armed Services Committee, would allow the "direct or indirect purchase, acquisition, or commitment of funds by the Department of Defense in exchange for an ownership interest, convertible interest, warrant, revenue-sharing instrument, or other similar financial instrument in a non-Federal entity."
Besides the $500 million cap on those investments, the government is also forbidden from taking more than a 50 percent ownership stake in any private business. Other than that, however, there seem to be few limitations or guardrails on how the new equity account could be used.
During a closed-door session last week, the Senate Armed Services Committee reportedly voted down an amendment that would have prohibited the Trump administration from taking equity stakes in businesses with ties to the president, his family members, and members of his cabinet.
3 months ago
Warren Buffett spent decades telling investors he did not understand technology well enough to own it. Then he bought Apple. Then he tripled down on a search giant that has spent the past two years convincing Wall Street that AI makes it stronger, not weaker.
On June 1, Berkshire Hathaway made that bet $10 billion bigger. And the way the deal was structured tells you this was not a casual purchase.
Berkshire Hathaway (BRK.B) agreed on June 1 to invest $10 billion in Alphabet (GOOGL) through a private placement, purchasing $5 billion of Class A shares at $351.81 per share and $5 billion of Class C shares at $348.20 per share, according to CNBC. Goldman Sachs acted as placement agent for the transaction.
The deal is part of a broader $80 billion equity raise Alphabet announced the same day.
It breaks down into three parts: $30 billion in underwritten public offerings, including $15 billion in mandatory convertible preferred stock and $15 billion in common and capital stock; a $40 billion at-the-market program expected to launch in Q3 2026; and the $10 billion Berkshire private deal, according to Bloomberg.
On June 1, Berkshire Hathaway made that bet $10 billion bigger. And the way the deal was structured tells you this was not a casual purchase.
Berkshire Hathaway (BRK.B) agreed on June 1 to invest $10 billion in Alphabet (GOOGL) through a private placement, purchasing $5 billion of Class A shares at $351.81 per share and $5 billion of Class C shares at $348.20 per share, according to CNBC. Goldman Sachs acted as placement agent for the transaction.
The deal is part of a broader $80 billion equity raise Alphabet announced the same day.
It breaks down into three parts: $30 billion in underwritten public offerings, including $15 billion in mandatory convertible preferred stock and $15 billion in common and capital stock; a $40 billion at-the-market program expected to launch in Q3 2026; and the $10 billion Berkshire private deal, according to Bloomberg.
5 months ago
MARA Dumps $1.1 Billion In Bitcoin To Cut Debt By 30%
MARA Holdings said they sold 15,133 Bitcoin for approximately $1.1 billion between March 4 and March 25 to fund the repurchase of its 0.00% convertible senior notes.
MARA, a Nasdaq-listed Bitcoin miner expanding into digital energy and
AI infrastructure, announced a major balance sheet restructuring on Thursday.
The company said they sold 15,133 Bitcoin for approximately $1.1 billion between March 4 and March 25 to fund the repurchase of its 0.00% convertible senior notes due 2030 and 2031.
The company will repurchase $367.5 million
MARA Holdings said they sold 15,133 Bitcoin for approximately $1.1 billion between March 4 and March 25 to fund the repurchase of its 0.00% convertible senior notes.
MARA, a Nasdaq-listed Bitcoin miner expanding into digital energy and
AI infrastructure, announced a major balance sheet restructuring on Thursday.
The company said they sold 15,133 Bitcoin for approximately $1.1 billion between March 4 and March 25 to fund the repurchase of its 0.00% convertible senior notes due 2030 and 2031.
The company will repurchase $367.5 million
