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Article: 4 Things to Know From DoorDash’s IPO Filing

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4 Things to Know From DoorDash’s IPO Filing

Evan Niu, 17 November 2020

DoorDash has at long last filed the public version of its S-1 Registration Statement with the SEC, nearly nine months after submitting a confidential version to the SEC. The leading food delivery platform has opened its books for prospective investors ahead of going public through an IPO. The upcoming debut comes as Grubhub (NYSE: GRUB) is preparing to be acquired by Just Eat Takeaway. The company plans to list on the New York Stock Exchange under the symbol “DASH.”
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Article: DoorDash delivers an IPO filing

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DoorDash delivers an IPO filing

Robinhood Snacks, 16 November 2020

Drooling all over the S-1… DoorDash released its IPO paperwork on Friday, and didn’t hold back with the high-res food pics (so many poke bowls). Companies that are going public have to file a prospectus with the SEC so investors can get informed. Here’s what DoorDash delivered:

#1 food deliverer in the US: DoorDash has an enviable 50% share of the market. Uber Eats has 26%, Grubhub has 16%, and Postmates (which Uber’s buying) has 7%.
Sales more than tripled to $1.9B from January to September compared to the same period in 2019. 18M customers, 1M Dashers, and 390K merchants now use DoorDash’s platform.
It’s still not profitable. Buuuut: DoorDash significantly cut its net loss from $533M in the 2019 period to $149M in 2020.
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Article: DoorDash files for IPO, shows surging revenue during pandemic

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DoorDash files for IPO, shows surging revenue during pandemic

Emily Bary and Levi Sumagaysay, 13 November 2020

DoorDash Inc., the leading food-delivery app in the nation, filed paperwork Friday morning for an initial public offering, giving investors a first glimpse into its fast revenue growth amid the pandemic — and its continued losses.

The COVID-19 pandemic has been a boon to delivery businesses as people have had to stay home and in many cases outsource their shopping or food pickup. The company’s filing with the Securities and Exchange Commission shows just how big of a boost it has received. DoorDash’s revenue rose to $1.92 billion through the first nine months of the year, a 227% increase from the year-ago period, according to the company’s filing.

The San Francisco-based company, which said in a prospectus that its mission is “to grow and empower local economies,” intends to trade on the New York Stock Exchange under the ticker “DASH.”
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Article: Jupiter Wellness Awarded Exclusive Distribution Agreement with Safe Sea(R) for the Entire Florida Market

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Jupiter Wellness Awarded Exclusive Distribution Agreement with Safe Sea(R) for the Entire Florida Market

ACCESSWIRE, 09 November 2020

upiter Wellness, Inc. (NASDAQ:JUPW), a cutting-edge wellness brand dedicated to providing multiple therapeutic and medical uses of cannabidiol (CBD), today announced the signing of an exclusive distribution agreement for Safe Sea products. The distribution agreement’s initial phase is through the end of 2021 and covers all of Florida.

Safe Sea develops, markets, and distributes the world’s first sunscreen that provides protection from jellyfish stings and sea lice. The Safe Sea line of products are also patent protected, biodegradable and safe to marine life, and provide UVA/UVB protection from the sun’s harmful rays. Continue reading “Article: Jupiter Wellness Awarded Exclusive Distribution Agreement with Safe Sea(R) for the Entire Florida Market”

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Article: Investigations Newsletter: Russian National Sentenced to Prison for $100 Million Cyber Fraud Conspiracy

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Investigations Newsletter: Russian National Sentenced to Prison for $100 Million Cyber Fraud Conspiracy

Arent Fox, 06 November 2020

On October 30, 2020, a Russian national was sentenced to eight years in prison for his role in a scheme to illicitly obtain and use sensitive personal and financial information online over the course of twelve years, resulting in more than $100 million in estimated losses. In February, the defendant pled guilty to conspiracy to commit bank and wire fraud.

The government alleged that, from 2007 through 2019, the defendant and other cybercriminals used “botnets,” or networks of infected computers, to engage in a large-scale scheme to steal and traffic sensitive information, such as personally identifiable information and online banking credentials. Continue reading “Article: Investigations Newsletter: Russian National Sentenced to Prison for $100 Million Cyber Fraud Conspiracy”

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Article: Jupiter Wellness, Inc. Announces Closing of Initial Public Offering

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Jupiter Wellness, Inc. Announces Closing of Initial Public Offering

ACCESSWIRE , 04 November 2020

Jupiter Wellness, Inc. (NASDAQ:JUPW) (the “Company”), a cutting-edge wellness brand dedicated to exploring the multiple therapeutic and medical uses of cannabidiol (CBD) via a multitude of convenient products, today announced the closing of its initial public offering of 933,333 units consisting of one share of common stock and one warrant for gross proceeds of $7,000,000, before deducting offering expenses. Aegis Capital has fully exercised its option to purchase up to 140,000 warrants. The shares and warrants began trading on The Nasdaq Capital Market on October 30, 2020, under the symbols “JUPW” and “JUPWW.” Continue reading “Article: Jupiter Wellness, Inc. Announces Closing of Initial Public Offering”

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Article: LOOP Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against Loop Industries, Inc. (LOOP); Lead Plaintiff Deadline is December 14, 2020

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LOOP Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against Loop Industries, Inc. (LOOP); Lead Plaintiff Deadline is December 14, 2020

Newsfile, 03 November 2020

Berger Montague is investigating potential securities fraud claims against Loop Industries, Inc. (NASDAQ: LOOP) (“Loop” or the “Company”) on behalf of investors who purchased Loop securities between September 24, 2018 and October 12, 2020 (the “Class Period”). If you purchased Loop securities during the Class Period, have questions concerning your rights or interests, or would like to discuss Berger Montague’s investigation, please contact attorneys Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Donnell Much at dmuch@bm.net or (215) 875-4667, or contact us at www.bergermontague.com/loop-industries.
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Article: Form 424B4 Jupiter Wellness, Inc.

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Form 424B4 Jupiter Wellness, Inc.

BONGIOVANNI MICHAEL J, 02 November 2020

We are offering 933,333 units (each, a “Unit”), each Unit consisting of one share of common stock, par value $0.001 per share, and one warrant (each a “Warrant”), in a firm commitment initial public offering at an offering price of US$7.50 per Unit. Each Warrant is immediately exercisable, will entitle the holder to purchase one share of common stock at an exercise price of US$8.50 and will expire five (5) years from the date of issuance. The shares of common stock and Warrants may be transferred separately immediately upon issuance.

We have been approved to list our shares of common stock and Warrants for trading on the Nasdaq Capital Market, subject to official notice of issuance, under the symbols “JUPW” and “JUPWW”. Completion of this offering is contingent on the approval of our listing application for trading on the Nasdaq Market.

We are an emerging growth company under the Jumpstart our Business Startups Act of 2012, or JOBS Act, and, as such, may elect to comply with certain reduced public company reporting requirements for future filings. Investing in our securities involves a high degree of risk.

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Article: 180 Life Sciences Corp. (ATNF) FORM 424B4

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180 Life Sciences Corp. (ATNF) FORM 424B4

Seeking Alpha, 02 November2021

This prospectus relates to the proposed resale or other disposition from time to time of an aggregate of 9,108,836 shares of the common stock, par value $0.0001 per share, of KBL Merger Corp. IV, a Delaware corporation, by the selling stockholders identified in this prospectus, of which: (i) 750,000 shares of common stock are held by certain of the selling stockholders identified in this prospectus that are party to either the June SPA or the September SPA; (ii) 1,388,890 shares of common stock are issuable to one of the selling stockholders identified in this prospectus that is a party to the June SPA upon the conversion of $3,666,666.66 of our Series A Convertible Preferred Stock (“Series A Stock”) and all accrued and unpaid dividends on such Series A Stock based on a conversion price (after giving effect to certain potential anti-dilution adjustments) of $2.64 per share; (iii) 2,592,195 shares of common stock are issuable to certain of the selling stockholders identified in this prospectus that are party to either the June SPA or the September SPA upon the conversion of $4,713,077.39 aggregate principal amount of our secured convertible 10% original issue discount promissory notes (the “Investor Notes”), plus accrued and unpaid interest thereon, based upon a floor conversion price of $2.00 per share; (iv) 198,751 shares of common stock are issuable to our Sponsor upon the conversion of an unsecured convertible promissory note in the aggregate principal amount of $795,003 (the “Convertible Sponsor Note”); (v) 1,968,750 shares of common stock are founder shares that are held by our Sponsor;

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Article: The Vanguard Group Inc. shareholders and investors have been scammed. Read how Mortimer Buckley runs the biggest tax fraud of our time

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The Vanguard Group Inc. shareholders and investors have been scammed. Read how Mortimer Buckley runs the biggest tax fraud of our time

Skeptic Tank, 01 November 2020

The information we used in our analysis has been available on the internet, however, none of this has been shown to the Vanguard shareholders. Why? Because Mr. Buckley can’t show the truth about his firm to the world, otherwise they will realize how big of a fraud it actually is. Continue reading “Article: The Vanguard Group Inc. shareholders and investors have been scammed. Read how Mortimer Buckley runs the biggest tax fraud of our time”

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Article: FERC Issues Settlement Order Reaffirming “Gaming” Prohibition in Power Markets

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FERC Issues Settlement Order Reaffirming “Gaming” Prohibition in Power Markets

Michael Brooks, Robert (Bob) Pease, 30 October 2020

Last week the Federal Energy Regulatory Commission (FERC) issued an Order Approving Stipulation and Consent Agreement involving High Desert Power Project, LLC (High Desert) and Middle River Power LLC. (Middle River) to resolve allegations of market manipulation in the California Independent System Operator (CAISO) market.

The settlement is noteworthy because it involved allegations of market manipulation that were completely absent of any attempt to influence market prices or to send false signals to the market. This instead is one of the purest examples of FERC taking the position that its market manipulation rule prohibits taking advantage of market design or commitment/dispatch errors (i.e., “gaming”) even when the market is put on notice of the issue. The order should serve as a warning to anybody thinking the current Commission may not embrace this broad theory of manipulation. Continue reading “Article: FERC Issues Settlement Order Reaffirming “Gaming” Prohibition in Power Markets”

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Article: Hyliion Stock Isn’t Worth Your Money At This Point

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Hyliion Stock Isn’t Worth Your Money At This Point

Alex Sirois, 29 October 2020

Investors looking for further alternative fuel vehicle plays might consider Hyliion (NYSE:HYLN) and Hyliion stock. Hyliion has already gone public through a special purpose acquisition company (SPAC). Now it is working towards production. The company is quite different from industry peers Tesla (NASDAQ:TSLA) and Nikola (NASDAQ:NKLA) in its approach and offerings. Yet, it does bear some similarities to Nikola, specifically the manner in which it has come to market.

Where Tesla and Nikola will produce class 8 trucks, Hyliion is producing drive train solutions. Like Nikola, Hyliion has come to market via the SPAC route. And like Nikola, its stock has fallen post-merger. Furthermore, the company may also soon be embroiled in controversy. First, the good.
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Article: Investors Should Not Buy Hyliion Stock

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Investors Should Not Buy Hyliion Stock

Mark R. Hake, 27 October 2020

Hyliion Holdings (NYSE:HYLN) stock has had a difficult launch since it closed its reverse merger with Tortoise Acquisition Corp. Hyliion stock, trading at $22.80 this afternoon, has fallen over 50% since Sept. 28 when it was changing hands for $48. That was the same day that the reverse merger was approved by the shareholders of both companies.

Since Oct. 14, the day that the merger closed and the trading symbol was changed to HYLN, the stock is down nearly 30%. But to be fair, the stock, which previously traded under the symbol SHLL, has risen significantly since the deal was announced on June 19. The stock closed on that day at $14.04
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Article: Indonesian tycoon sentenced to life in jail for stock manipulation

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Indonesian tycoon sentenced to life in jail for stock manipulation

Tabita Diela, 27 October 2020

JAKARTA, Oct 27 (Reuters) – An Indonesian graft court has sentenced businessman Benny Tjokrosaputro to life in prison for a stock manipulation scheme that helped trigger losses of more than $1 billion at state insurer Asuransi Jiwasraya, state news agency Antara said.

Three of the insurer’s executives were among the five other defendants sentenced to life terms in one of Indonesia’s biggest anti-graft trials by a special corruption court in Jakarta, the capital.

Tjokrosaputro, who had made international headlines with a $1-billion lawsuit he once filed against Goldman Sachs, was ordered to pay compensation of 6 trillion rupiah ($410 million) at his sentencing on Monday, the agency added.

The court found Tjokrosaputro, chief commissioner of property developer Hanson International, guilty of corruption and money laundering by conspiring with other investors to inflate shares in Indonesia’s main equity market. Continue reading “Article: Indonesian tycoon sentenced to life in jail for stock manipulation”

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Article: Market manipulation, excessive speculation and price fixing in commodities

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Market manipulation, excessive speculation and price fixing in commodities

Dr. Steve Suppan, 26 October 2020

On October 15, by a 3-to-2 vote, the Commodity Futures Trading Commission (CFTC) approved a woefully inadequate final rule to prevent market manipulation and excessive speculation in physical commodity derivatives contracts. The rulemaking process had begun in 2010, but a successful Wall Street lawsuit in 2012 concerning a few words in the Dodd Frank Wall Street Reform and Consumer Financial Protection Act of 2010, prevented its finalization while there was a Democratic majority of commissioners. This final rule is based on a May 15, 2020 proposal, following the majority’s vote to withdraw 2013 and 2016 proposals and supplements to proposals. IATP has commented on all the proposed rules, beginning in 2010 and up to the May proposal.

Commissioner Rostin Behnam noted in his dissent to the 899-page voting draft of the rule that the CFTC was still investigating an unprecedently large April 20-21 price swing in the West Texas Intermediate (WTI) crude oil contract. Why rush to finalize the rule before the completion of the WTI investigation? The majority needed to vote before Commissioner Brian Quintenz departs the CFTC at the end of October. Continue reading “Article: Market manipulation, excessive speculation and price fixing in commodities”