Caution Regarding Forward Looking Statements

This document includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward looking statements include estimated financial information. Such forward looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of Shift’s business are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are not limited to: (1) the risk that the business combination disrupts Shift’s

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The talks may not end with a handshake. But the estimated $1.5 billion FSG would get from RedBall and other investors would give Henry (who also owns the Globe) the financial flexibility to expand the company, which includes its English gem, Premier League champion Liverpool Football Club.

There’s even a Yankees twist. (More on that later.)

Savvy investors may understand how the process of raising money and going public through a SPAC works, but the average Red Sox fan is likely to have questions, especially about the potential for them to buy stock in the team. We try to answer some of those questions here.

How would the deal work?

RedBall, a shell company with no operations, would acquire 20 percent to 25 percent of FSG using money it raised by selling stock in August. The investment would value FSG at $8 billion, as first reported by the WSJ. Henry

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President/CEO of Joseph’s Premier Real Estate; professor of finance, business, real estate at IRSC; author of Madness, Miracles, Millions.

In November, millions of Americans will cast a vote for either President Trump or his Democratic opponent, Joe Biden. But that’s not the only decision at stake. This election cycle, voters in more than 30 states will decide on more than 100 statewide ballot measures, ranging from marijuana legalization to campaign finance reform and tax policy. In my own state of Florida, a ballot measure would raise the state’s current minimum wage of $8.56 to $15 per hour by 2026, with a jump to $10 an hour as early as next year. This ballot measure is one of many that would affect millions of entrepreneurs and even more employees.

With Election Day around the corner, more small business owners may be considering educating workers about public-policy changes that could

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(Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need.



a man standing next to a bus: Buses sit parked at a transport hub at the SM Mall of Asia complex, operated by SM Prime Holdings Inc., in Pasay City, Metro Manila, the Philippines, on Tuesday, Sept. 8, 2020. The Philippines is expanding its search for vaccine supplies as the spread of infections appears to slow in Southeast Asia’s virus epicenter.


© Bloomberg
Buses sit parked at a transport hub at the SM Mall of Asia complex, operated by SM Prime Holdings Inc., in Pasay City, Metro Manila, the Philippines, on Tuesday, Sept. 8, 2020. The Philippines is expanding its search for vaccine supplies as the spread of infections appears to slow in Southeast Asia’s virus epicenter.

The Philippines will ease distancing rules in public transport and may allow more businesses to operate at full capacity, despite daily coronavirus cases hitting a four-week high.

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Buses and trains are allowed to sit passengers one-seat apart, even if it’s less than the one-meter distance the government requires, presidential spokesman Harry Roque said. Trains can also operate at half capacity, and commuters may eventually be allowed to sit beside each other as long as there’s a

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Government-employee unions are an economic army devoted to destroying business and industry — unless the business is dependent on government spending.

Here in New Jersey, the unemployment rate is 10.9%. Because of coronavirus safety restrictions, we are living under a central-command economy where the government decides who can be open for business and how they can open their businesses.

No sense of shame stopped the state from raising the gasoline tax 9.3 cents a gallon this month (under a formula triggered by a previously approved road-funding mechanism) during an economic downturn that this government caused. This does not bother the government unions one bit. No matter how bad the economy is, they will get their money.

The government and the media incited the masses with the fear of coronavirus. I think the danger is being exaggerated for political purposes. Through media propaganda and the promise of more compensation from taxpayers,

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Shift Technologies Inc. Chief Executive George Arison didn’t even know what a SPAC was until last year. Now, his San Francisco-based online marketplace for used cars is hopping aboard the blank-check train on its way to becoming public. 

Special-purpose acquisition companies, also known as SPACs or blank-check companies, have been around for decades, but have made a big comeback this year amid the pandemic, thanks to low interest rates and stock-market volatility. Sports-betting operator DraftKings Inc.
DKNG,
-4.51%
,
 electric-vehicle maker Nikola Corp.
NKLA,
-1.36%
,
electric-truck powertrain maker Hyliion Holdings Corp.
HYLN,
-3.94%

and space-flight company Virgin Galactic Holdings Inc.
SPCE,
-3.12%

are among the companies that have gone public via the SPAC route. 

SPACs raise money in an initial public offering, then look to buy businesses, usually within a couple of years. When a SPAC finds a business and successfully negotiates the transaction, the two merge and the

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Launching an innovative crowdfunding platform giving individuals the ability to be part of Nitya’s deals.

HOUSTON, Oct. 10, 2020 /PRNewswire/ — Nitya Capital LLC announces the release of a revolutionary crowdfunding platform, providing investors the power to attain interest in Nitya’s deals, never before open to the public.

Real Estate Investment Redefined
Real Estate Investment Redefined

Invest NOW in Real Estate Crowdfunding platform WITHOUT ANY FEES.

Housed within Nitya’s website, the crowdfunding platform provides a full-scale range of wealth fund options across asset classes, including multifamily and office properties. The crowdfunding platform is uniquely positioned to provide investors with a better offer by eliminating additional fees, typically passed along to investors using third-party crowdfunding models.

“This is a game changer for a lot of investors. We’ve built a platform that enhances the way people can invest in real estate by taking away the extra fees and giving them access to our ventures,” said

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(Reuters) – Boston Red Sox owner John Henry is in talks with RedBall Acquisition Corp to take his famed sports holding company Fenway Sports Group LLC public, a person familiar with the matter told Reuters late on Friday.

The deal being discussed would merge Fenway Sports Group with RedBall Acquisition Corp and will value the owner of the Liverpool Football Club at around $8 billion including debt, the source said, asking not to be identified.

The talks were reported earlier by the Wall Street Journal newspaper, which said the discussions are in the early stage and could still fall apart.

The newspaper also said RedBall, which raised $575 million in August to buy businesses in sports and sports-related media and data analytics, plans to raise an additional $1 billion to buy a stake in Fenway Sports Group that will not exceed 25%.

RedBall, a special purpose acquisition company (SPAC), is

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Dwane Casey’s takeaways from Detroit Pistons bubble workouts

UP NEXT

UP NEXT

Detroit Pistons owner and Platinum Equity Tom Gores stepped down from the Los Angeles County Museum of Art (LACMA) Board of Trustees on Thursday night, following pressure from activists over his investment firm’s ownership of a prison telephone company.

In 2017, Platinum Equity acquired Securus — a company that operates private telephone systems in all 50 states for more than a million prisoners. Gores’ involvement in the prison telecom industry has been met with criticism by various activists, and came to a head in September.

WHAT’S NEXT: Pistons bubble workouts over but their work isn’t. Here’s what team has planned

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TAKING NOTES: How Miami Heat’s NBA Finals run gives Pistons rebuild a blueprint

Last month, two Civil Rights non-profit groups, Colors of

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a group of clouds in the sky: A SpaceX Falcon 9 lifts off.


© Provided by Quartz
A SpaceX Falcon 9 lifts off.

To make getting into space as cheap as possible, rocket builders try to pack in as many satellites as possible. But what if they’e not all going to the same orbit? Just like you might need to ride a bike from the metro station to get to your final destination, satellites sometimes need a “last mile” solution too.

The next venture-backed space start-up that does just that is going public through a special acquisition company, or SPAC—a publicly traded company that raises money to buy a private firm, often one perceived as too risky to go public through a traditional IPO or a direct listing.

This time around, the target is Momentus Space. The purchaser is a fund raised by Stable Road Capital that trades on the NASDAQ as SRAC, and will become MNT in early 2021. It’s the same

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