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— (AP) (3/2) Mar 05, 2021
Mesoblast Completes US$110/A$138 Million Financing Led by US Strategic Investor Group
"Based on the US$110 million private placement (A$138 million), pro-forma cash-on-hand at December 31, 2020 would be approximately US$187.5 million. The investors also receive warrants to acquire a further 15 million shares at a price of A$2.88 per share, a 25% premium to the placement price, which may raise up to a further A$43.2 million (US$34 million at the current exchange rate), on or before 15 March 2028. Mesoblast has a right to call on the funds at any time during the term, subject to a share trading price of at least A$4.32 for 45 consecutive days."
— (AP) (3/2) (Pocket)
Casa Minerals Options 90% of Congress Gold Mine in Arizona and Announces $2,500,000 Non-Brokered Private Placement
"Non-brokered Private PlacementCasa Minerals is arranging a $2,500,000 financing at $0.125 per unit (a "Unit"). Each Unit will consist of one share and one share purchase warrant, with each warrant entitling the holder to acquire one additional share at a price of $0.30 per share. The expiry date of the warrants may be accelerated at the option of the Company if the average closing price is greater than $0.45 per share for a period of 10 trading days. The private placement is subject to acceptance of the TSX Venture Exchange."
— (Yahoo) (3/3) (Pocket)
Medallion Financial Announces Completion of Private Placement of $25.0 Million of Senior Unsecured Notes
" Medallion Financial Corp. (Nasdaq: MFIN, "Medallion Financial" or the "Company") announced today that it has completed a private placement of $25.0 million aggregate principal amount of fixed rate senior unsecured notes to certain institutional investors. The notes will mature on February 26, 2026 and bear a fixed interest rate of 7.25% per year, paid semi-annually. The notes received an investment grade rating of A minus by Egan-Jones. This transaction is in addition to the private placement of other notes aggregating $39.1 million principal amount in December 2020 and February 2021. "
— (CNET) (3/1) (Pocket)
— (Politico) (2/22) Feb 25, 2021
Democrats Plot Their Plan B To Save Minimum Wage Hike
"Senate Finance Chair Ron Wyden (D-Ore.) "is looking at various options to stay within our allocation and support small businesses," said his spokesperson Ashley Schapitl, noting that he’s previously said "he’s doing all he can" to keep the minimum wage increase in the broader package."
— (Politico) (2/22) (Pocket)
Minimum-Wage Hikes and Crime
"That analysis confirms other research. One paper, using slightly different data, linked a 1 percent increase in the minimum wage to a 1 percent to 3 percent increase in juvenile drug, property, and violent crime, with the violent offenses concentrated among those "with a clear monetary reward"—like auto theft and armed robbery. Another, by the same authors, links increases in the minimum wage to a higher risk of crime and idleness among a variety of younger workers, particularly those with prior gang affiliations. A third study found that a New York City summer employment programs cut teens’ risk of arrest by 17 percent, offering evidence that kids with jobs stay out of trouble."
— Charles Fain Lehman (City Journal) (2/23) (Pocket)
Romney, Cotton propose $10 minimum wage plan
"It concedes the frequent Democratic talking point that the minimum wage needs to increase for the first time since 2009, and agrees to a model of linking the minimum wage to inflation after an initial ramping-up period."
— Niv Elis (The Hill) (2/23) (Pocket)
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