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Sharps Technology to Present at Aegis Capital Corp.’s 2025 Virtual Conference on May 22
Sharps Technology (NASDAQ: STSS) CEO Robert Hayes will present at the Aegis Capital Virtual Conference on May 22, 2025, highlighting the company’s advancements in smart-safety syringes. These innovations include ultra-low waste systems and specialized polymer technology designed to enhance drug stability, targeting the $10B+ prefilled syringe market. The Hungary-based manufacturing facility supports scalable production for European and transatlantic markets. Sharps’ patented dual safety mechanisms reduce drug waste by up to 20%, addressing cost-efficiency demands in healthcare. The live webcast begins at 1:00 p.m. ET, with forward-looking statements noting potential regulatory and market risks.
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PG&E Foundation Announces $500,000 in Grants for Community Environmental Stewardship
The PG&E Corporation Foundation’s Better Together Nature Positive Innovation Grant program offers $500,000 ($100,000 each across five regions) to fund community-driven environmental projects in Central and Northern California. Targeting air quality, land restoration, and water conservation, the grants support government, educational, and nonprofit initiatives, prioritizing disadvantaged communities. Applications close July 18, 2025. Funded by PG&E shareholders, the program builds on past successes like wildfire resilience efforts and regenerative farming support. Projects at any stage—planning, design, or implementation—are eligible. PG&E, serving 16 million Californians, aims to amplify climate resilience through collaborative, scalable solutions.
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Freddie Mac Prices $284.2M SLST Securitization
Freddie Mac priced its $284.2 million SLST Series 2025-1, comprising $262.9 million in government-backed senior certificates and $21.3 million in non-guaranteed subordinate notes, to enhance mortgage portfolio liquidity and share risk with private investors. Collateralized by 1,891 seasoned mortgages (≤150 days delinquent), the deal settles May 28, 2025. Part of its structured credit strategy, Freddie Mac has securitized $80.3 billion since 2011, aided by advisors BofA Securities and Wells Fargo. Senior tranches target low-risk investors, while subordinated notes offer higher returns. The transaction reflects ongoing efforts to optimize capital, reduce balance sheet risk, and comply with post-2008 reforms.
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Evofem and Pharma 1 Sign Licensing Agreement for SOLOSEC in the Middle East
Evofem Biosciences partners with UAE-based Pharma 1 to expand access to FDA-approved SOLOSEC® (secnidazole) for bacterial vaginosis and trichomoniasis in the Middle East. The agreement grants Pharma 1 exclusive commercialization rights, with plans to file for UAE regulatory approval by mid-2025. Evofem will supply SOLOSEC at cost-plus pricing, leveraging Pharma 1’s distribution network. Targeting a region with high BV prevalence (25%–41% in MENA), the single-dose therapy addresses compliance challenges linked to multi-day treatments. The deal aligns with Evofem’s global expansion strategy, building on prior collaborations for its contraceptive PHEXXI®, and aims to reduce health risks like HIV transmission and preterm births in underserved populations.
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TreeHouse Foods to Present at June 2025 Investor Conferences
TreeHouse Foods, a leading North American private-label food manufacturer, will participate in two investor conferences in June 2025. On June 4, executives will present at the William Blair Growth Conference in Chicago, with a live webcast on their investor site. They will also attend the Jefferies Consumer Conference in Nantucket on June 17, conducting meetings to highlight growth strategies and market leadership in the $150 billion private-label sector. The company emphasizes innovation, affordability, and operational efficiency to meet consumer demand for value-driven products. Updates and replays will be available via their investor relations portal.
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Bilibili Inc. Announces Class Z Ordinary Shares Offering Linked to Convertible Notes Hedging and Concurrent Share Repurchase
Bilibili launched a $500M convertible note offering (expandable to $575M) with a Delta Offering strategy to hedge investor positions using borrowed shares, alongside a $100M share buyback. The proceeds will fund content expansion and user growth, leveraging convertible debt’s lower rates while delaying equity dilution. The share repurchase signals management confidence, while the Delta mechanism mitigates near-term stock pressure. Risks include potential 3-5% future shareholder dilution and increased leverage. The structured approach balances capital acquisition with market stability amidst China’s tightening tech fundraising regulations, targeting competition in Gen-Z-focused video platforms.
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BlackRock Funds (BOE, BCX) Announce Final Tender Offer Results
BlackRock’s closed-end funds, including BOE and BCX, saw heavy oversubscription in their tender offers, exceeding the 2.5% buyback cap due to heightened investor demand for liquidity amid shifting rate expectations. Shares will be repurchased at 98% of May 20 NAVs ($11.88 for BOE; $9.73 for BCX), with prorated allocations. Analysts interpret the surge as tactical positioning ahead of anticipated Fed actions. BlackRock emphasized transparency amid market volatility but cautioned about uncertainties impacting future operations, highlighting broader trends where liquidity preferences shape portfolio strategies.
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Southern Company Prices $1.45 Billion Upsized 3.25% Convertible Senior Notes Due 2028
Southern Company priced $1.45 billion in 3.25% Convertible Senior Notes due 2028, a $200 million increase from its initial target. The notes, convertible at $113.54/share (25% premium over May 20 closing price), were issued privately under SEC Rule 144A. Proceeds (~$1.44 billion, rising to $1.63 billion if options are exercised) will refinance existing debt, cover commercial paper, and support corporate activities, including potential subsidiary investments. Southern noted potential stock volatility due to investor hedging adjustments. The offering, set to close by May 23, 2025, excludes public registration, restricting resale under U.S. securities laws.
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UL Solutions Declares Quarterly Dividend
UL Solutions Inc. announced a $0.13 per share quarterly cash dividend, approved by its board, payable on June 9 to shareholders of record by May 30, 2025. The payout reflects the company’s financial discipline and commitment to returns amid market volatility. A global leader in safety science, UL Solutions provides testing, certification, and advisory services across 110+ countries, leveraging its iconic UL Mark to ensure product integrity. Emphasizing innovation in cybersecurity, renewables, and ESG-aligned initiatives, the firm aims to transform operational challenges into competitive advantages. Analysts highlight its stable dividend history and outperformance in industrial sectors, driven by digital transformation and high-growth verticals like AI and circular economy frameworks.
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Valley National Bancorp Announces Quarterly Dividends for Preferred and Common Stock
Valley National Bancorp reaffirmed quarterly dividends, maintaining its common stock payout at $0.11 (July 1) and preferred share distributions (Series A: $0.390625, B: $0.514326, C: $0.515625) payable June 30. While highlighting near-term stability, leadership warned against assuming dividend predictability. The regional bank’s strategy balances shareholder returns with capital preservation, featuring a conservative 1.9% annualized yield on common shares and preferred stock averaging 5.7%, aligning with market expectations. Analysts note Valley’s approach addresses regulatory and competitive pressures as it expands operations, though common dividends remain discretionary, tied to earnings and economic conditions.