Cano Health to Become Publicly Traded via Merger with JWSCano Health, a Leading Value-Based Care Delivery Platform for Seniors, to Become Publicly Traded via Merger with Jaws Acquisition Corp.
- Transaction values Cano Health at an enterprise value of $4.4 billion and is expected to provide up to $1.49 billion in cash proceeds, including a fully committed PIPE of $800 million
- PIPE led by $50 million investment from Barry Sternlicht, Chairman of Jaws, as well as commitments from funds affiliated with Fidelity Management & Research Company, funds and accounts managed by BlackRock, Third Point and Maverick Capital
Cano Health provides value-based care for more than 103,000 members through its network of 564 primary care physicians across 14 markets in Florida, Texas, Nevada and Puerto Rico.
The Company is expected to receive up to $935 million in transaction proceeds to pay down debt and provide growth capital, and a substantial majority of up to $465 million of proceeds is expected to be allocated to Cano Health's financial sponsor.
The transaction is expected to close at the end of the first quarter or the beginning of the second quarter of 2021.
finance.yahoo.com
Stockpicks
$NIO - investment idea 💡 Here are best 2 areas for new buyers to jump in..
--
This idea is based on my technical analysis only.
Do your research and trade on your own risk!
Air T, Inc. Announces Intent to Form New Aircraft Equity VehicleAir T, Inc. Announces Intent to Form New Aircraft Equity Vehicle
AIRT) announced today that it has entered into letters of intent with three separate, large investment and asset management firms (the "Investors") to form a new aircraft asset management business to be called Contrail Aircraft Management ("CAM"), and a new aircraft capital joint venture to be called Contrail Fund II ("CFII").
The parties presently expect the new business and joint venture to be formed and capitalized by the end of January 2021.
The new business and joint venture are being formed to purchase and sell aircraft and engines to be relet or disassembled and sold for parts. The parties anticipate that CFII will be capitalized initially with approximately $108,000,000 in equity capital and that it will establish a portfolio of aircraft assets, focusing on whole aircraft and engine acquisitions, sale-leaseback transactions and end of life part-out solutions. The capital contributed by the Investors -- presently anticipated to be approximately $100,000,000 -- will be contributed into CFII.
The Upsize Commitment is anticipated to exceed $250,000,000. Contrail intends to contribute approximately $8,000,000 of the initial capital committed to the fund as well, which is anticipated to lead to returns alongside the other investors.
finance.yahoo.com
Will the run for Run continue?SunRun and many other solar stocks have had incredible performance over the course of this year. Heading into 2021 the sector will surely be in the spotlight. Run has recently begin to show signs of continuing back toward recent highs. New volume has remained positive and price has broken out above its recent range. If the 61 area holds there could be a further move toward 82. If 61 doesn't hold then there is a potential retest of 49 in the cards. Please comment or ask any questions that come to mind
PLTR headed for a run within next 4 weeks.....PLTR is headed for a run within the next 4 weeks.... with very little history and data the chart looks to have all its important support lines up high closer to is current pricing. After riding the top side of the BolBand's it has snapped down and up and appears to be coiling. the BB's are closing in for a pinch before years end.
Looking for PLTR to run to 34 by Jan 22nd 2021.
the move here is to buy shares and sell calls against those shares for premium bi weekly. keeping well safe of the growth line.
Breakout coming? If Coup can hold above the 311 area there maybe further continuation to the upside. It has just broken out of its previous range with strong net volume and seems to be consolidating. Given the upward bias in the overall market the stock should have some tailwinds
Taking a hitUnfortunately this position has gone against us. We were playing for a reversal back into the range but we will be cutting the position after todays big downside move. It might be tempting to hold on but taking losses is a necessary part of the game.
Eos Energy Secures Contract valued at $2 millionEos Energy Secures Contract to provide Safe, Sustainable Storage to California Hospital
Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos”), today announced it has a firm order from Charge Bliss, Inc. (“CBI”), a renewable energy microgrid developer/builder, to provide a critical care hospital with 2 MW of energy storage using its Znyth® battery. The deal is valued at $2 million.
“We are proud to collaborate with Charge Bliss to provide safe and reliable storage for a hospital micro grid application,”
Eos will provide this groundbreaking project with up to 2 MW of continuous power delivery upon installation, which is scheduled to take place in the second quarter of 2021.
“Our microgrid systems are engineered to supply clean energy while reducing peak demand,”
finance.yahoo.com
Expected net revenue increasedFourth quarter 2020 net revenue is expected to be approximately $3.5 million, increased from the prior expectation of approximately $2.5 million
Received communication from the FDA explaining the reallocation of agency resources to address Emergency Use Authorization (EUA) applications for products related to the COVID-19 public health emergency is affecting marketing application reviews, including the Eversense 180-day product, which will be delayed by at least 60 days. This is consistent with what Senseonics understands other medical technology companies have reported.
Inclusion of Eversense Category III CPT codes in the Centers for Medicare & Medicaid Services (CMS) 2021 Physician Fee Schedule (PFS), establishing global payment for the device cost and procedure fees for healthcare providers across the United States
Full year 2021 net revenue is expected to be between $12 and $15 million, based on installed base, acceleration of Ascensia’s commercial activities and other factors
Reached agreement with Roche to facilitate transition of distribution to Ascensia, as Roche sales conclude January 31, 2021, including final purchases, transition support activities, and resolution of other matters
Highbridge second lien loan extinguished through completed conversion of their second lien debt to common stock, simplifying capital structure
"Strong fourth quarter performance was driven by sales in Europe and supported by Ascensia’s initial US sales."
We remain confident that the PROMISE study demonstrates that the excellent performance of the current Eversense system is extended for up to 180 days, and that there still is potential for a decision from the agency by the end of the end of the second quarter
finance.yahoo.com
ION Acquisition Soars on Taboola SPAC Merger RumorsION Acquisition Soars on Taboola SPAC Merger Rumors
IACA stock’s October initial public offering raised $225 million for the special purpose acquisition company (SPAC) focusing on the Middle East region. Its stated goal was a merger with a private company valued at more than $1 billion. That IPO was upsized by more than 10% to 22.5 million units ahead of the floatation. Both ION and Taboola are based in Israel.
Daily Haaretz reported on Monday that Taboola was mulling either a SPAC merger or its own IPO. Its sister publication, business daily TheMarker, on Tuesday reported the ION-Taboola negotiations.
investorplace.com
Ouster to Combine With Colonnade Acquisition CorpOuster, a Leading Provider of High-Performance Digital Lidar Sensors, to Combine With Colonnade Acquisition Corp. to Accelerate Digital Lidar Adoption in Industrial, Smart Infrastructure, Robotics, and Automotive Markets.
Transaction expected to provide up to $300 million in gross proceeds, comprised of Colonnade Acquisition Corp.’s $200 million of cash held in trust (assuming no redemptions) and a $100 million fully committed common stock PIPE at $10.00 per share, including from Ouster’s existing investors, Cox Enterprises, Fontinalis Partners, and WWJr Enterprises.
Pro forma implied enterprise value of ~$1.6 billion and fully diluted pro forma equity value of ~$1.9 billion
Ouster shareholders will roll 100% of their equity holdings into the combined company
The boards of directors of both Ouster and Colonnade have unanimously approved the proposed business combination, which is expected to be completed in the first half of 2021, subject to, among other things, the approval by Colonnade's shareholders and Ouster’s shareholders, satisfaction of the minimum cash condition, which is equal to the $100 million committed common stock PIPE investment at $10.00 per share obtained in connection with the entry into the Merger Agreement, and certain other customary closing conditions stated in the Merger Agreement.
www.businesswire.com
$EMBI obvious looking reversal in 1 hr chart. Going LONG!!After big sell offs, we can see a reversal in the 1hr chart. Volume coming, ma crossings, a lot of catalysts in future, lower lows and higher highs after a long consolidation. Sabby investing big here. I see at least 0.2+(20 cents) by end of Jan.
Potential Reversal?We were stopped out of our previous ZTO trade but we might have another opportunity here. It looks like the stock might reverse back into the previous range. You can see net volume beginning to trend higher as well. As long as the 26 area holds and china stocks stay strong broadly zto might be a good risk reward setup
Is it time to gamble?LVS appears to be holding strong above its range state with the potential to continue upward. If the vaccine gap holds, around the 52 area, and net volume remains positive then LVS looks like a solid breakout candidate.
Is it time to take another shot?We were burned holding CRM into earnings but price seems to be reversing back into the previous range. As long as it holds the 215 area, net volume trends higher, and the overall market holds up CRM could regain those earnings losses
Heading back into the range?If the 151 low holds this is potential a great play back into the range area near the earnings gap at 206. As long the overall market holds up and volatility continues toward 20 and below SPLK might be able to make an advance
Only clear skies ahead?Our range play has turned into a full continuation phase to the upside. We couldn't have predicted this strong of a bounce it has even outperformed AMZN. I could list a series of "fundamental stories" for why it has had a great run but when you trade with a model you don't have any. As long as shop holds above its previous range state and the net up vs down volume stays positive we will continue to hold.
$BLNK PT 95 and higherBiden passes Bill for 500k EV Charging Stations...
Blink Charging Co., through its subsidiaries, owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based system that operates, maintains, and tracks various Blink charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing; and provides EV drivers with station information, including station location, availability, and applicable fees. In addition, the company provides EV charging hardware, site recommendations, and maintenance services. It has strategic partnerships across transit/destination locations, including airports, auto dealers, healthcare/medicals, hotels, mixed-use, municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations. The company offers its services through field sales force and reseller partners, as well as sells home unit chargers through various internet channels. As of December 31, 2019, it had approximately 14,778 EV charging stations. The company was formerly known as Car Charging Group, Inc. and changed its name to Blink Charging Co. in August 2017. Blink Charging Co. was founded in 2009 and is headquartered in Miami Beach, Florida.
Ameren Signs Long-Term 900 MHz Spectrum LeasesAmeren Signs Long-Term 900 MHz Spectrum Leases for Illinois & Missouri Service Territories
Anterix (NASDAQ: ATEX) today announced its first long-term 900 MHz broadband spectrum lease agreements, covering Ameren Corporation's ("Ameren") service territories for 30 years. These agreements enable Ameren's deployment of a private LTE network to support its digital transformation to deliver benefits for millions of Ameren customers in Illinois and Missouri.
finance.yahoo.com
Shell Long (EUR stocks) R/R 1/1.3 perfect buying momentShell did a pull back to support, it is now above the 200 ma line (Green) if you buy it and set stoploss, just below previous low, you get a risk/reward of 1/1.3 perfect to buy.
Acasti Pharma $ACST - investment idea 💡 This idea is based on my technical analysis only.
Do your research and trade on your own risk!
NXTD skyrockets as Bitcoin broke the $20,000 markThe company hasn’t issued any news or press releases this morning, but the stock is up in double-digit percentages.
The run seems to be the result of the fact that Bitcoin broke the $20,000 mark.
NXTD is heavily focused on mobile security, and cryptocurrencies, which run on the blockchain, are focused on the security of financial transactions, and other contracts, in simple terms anyway.
Moreover, NXTD isn’t only active in mobile security, it’s an active player in the cryptocurrency industry, helping to make cryptocurrency more feasible with its subsidiary, FitPay.
FitPay creates contactless payment devices for Bitcoin owners. When used, these devices convert bitcoin into fiat currency, making it possible for Bitcoin owners to use their cryptocurrency in stores.
With Bitcoin breaking the $20,000 mark, demand for the cryptocurrency is at an all-time high. Moreover, cryptocurrency enthusiasts are looking for ways to bring this technology into the wider world of finance and commerce.
NXTD offers a way to do that with FitPay. So, it’s no surprise that the stock is up today.
cnafinance.com
FireEye Rally on SolarWinds HackFireEye, CrowdStrike and Other Security Stocks Rally on SolarWinds Hack
Security-software stocks were flying high Friday, as investors anticipated a pickup in spending in response to widespread damage
FireEye, U.S. Agencies Affected By Cyber Attack On Solar Winds Software
The security-software firm said a “global intrusion campaign” is making use of a tainted update to SolarWinds IT-management software.
Continue reading from the cyberattacks on SolarWinds believed to have been orchestrated by Russia.
SolarWinds (ticker: SWI) has said that close to 18,000 customers were left vulnerable in the incident that has affected a range of U.S. government agencies as well as commercial clients.
That means cybersecurity spending could be “poised to accelerate” on intrusion and containment fears
The incident was first identified last week by FireEye (FEYE), a victim of the attack. While FireEye shares initially tumbled on the news as investors worried that the hack could severely impact its business, the stock has since reversed course and rallied almost 32% on Friday. Other security software stocks are also trading higher, with substantial gains for CyberArk (CYBR), Fortinet (FTNT), Mimecast (MIME), Palo Alto Networks (PANW), Proofpoint (PFPT), Qualys (QLYS), Rapid7 (RPD), Tenable (TENB), Varonis Systems (VRNS) and Zscaler (ZS).
www.barrons.com
