Day: December 4, 2021

PALM BEACH, Fla., Dec. 04, 2021 (GLOBE NEWSWIRE) — Trump Media & Technology Group Corp. (“TMTG”) and Digital World Acquisition Corp. (Nasdaq: DWAC), today announced that Digital World Acquisition Corp. (“DWAC”) has entered into subscription agreements for $1 billion in committed capital to be received upon consummation of their business combination (the “PIPE”) from a diverse group of institutional investors. President Donald J. Trump, Chairman of TMTG, stated, “$1 billion sends an important message to Big Tech that censorship and political discrimination must end. America is ready for TRUTH Social, a platform that will not discriminate on the basis of political ideology. As our balance sheet expands, TMTG will be in a stronger position to fight back against the tyranny of Big Tech.” Patrick Orlando, Chairman and CEO of Digital...

Steve Muehler, the Managing Member of the Private Placement Markets stated, “given the opportunities being presented to us today in the California Real Estate Market, we formed the ‘SJM Credit and Alternative Mortgage Investment Fund” that focuses on the emerging distressed debt and equity markets, as well as structured credit ventures that include mortgage backed, asset backed, collateralized loan obligations, collateralized debt obligations, mezzanine debt and non-performing real estate loan pools. The ‘SJM Credit and Alternative Mortgage Fund’ is a hybrid model fund which allows us to a creative structure in dealing with both tax and liquidity issues generally associated with a short-term credit investing.”The funds investment objectives are available at www.PPMDebt.com and www.PPMEquity.com.The portfolio of Private Placement Companies...

Credgenics, a first-of-its kind debt resolution platform, has recently expanded its leadership team, soon after its $25Mn Series-A fundraise. Sandeep Dinodiya, a 11-year veteran in technology and product, having built global systems for unicorns and MNCs like OYO, Lenskart and Cisco, has joined as Head of Engineering. Sanchit Dayal, an ex-Investment analyst with WestBridge Capital, has joined as the new Chief of Staff. Yash Dabriwal, a former management consultant at McKinsey is onboard as Head of Growth and Strategic Initiatives to drive overall company strategy and steer global expansion. Ramashis Biswas, having previously scaled HR teams at 91springboard & Shuttl is the new Head of HR & Admin. Ashish Mittal, with deep experience in customer lifecycle journey through his stints with Adobe, Sprinklr and Moser Baer is onboard...

In January-August 2021, Moscow’s non-resource non-energy exports to the Middle East amounted to $ 1.4 billion, 42% more than in the same period last year. Thus, in January-August 2020, Moscow’s exports to the region account for more than $1 billion. This information was announced by Vladimir Efimov, Deputy Mayor of the City of Moscow for Economic Policy and Property and Land Relations. The range of Moscow products supplied to the countries of the Middle East is wide. It varies from cosmetics and soda to high-tech equipment. “This year Moscow’s supplies of industrial products have become the main growth driver in the structure of non-resource non-energy exports to the Middle East. Thus, agro-industrial complex products account for $ 878.8 million, and industrial exports total $ 562.4 million. At the same time,...

IRVING, Texas, Dec. 03, 2021 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA) today announced the expiration and final results with respect to the previously announced exchange offer (the “Exchange Offer”) that certain of its subsidiaries (the “Issuers”) launched on October 27, 2021, as amended on November 19, 2021 and November 26, 2021, to exchange up to $225 million in cash and new 11.500% First-Priority Senior Secured Notes due 2026 (the “New Notes”) for the Issuers’ outstanding 10.000% First-Priority Senior Secured Notes due 2023 (the “Old Notes”) and a solicitation of consents to proposed amendments with respect to the indenture governing the Old Notes (the “Consent Solicitation”). As of 5:00 p.m., New York City time, on December 3, 2021 (the “Expiration Time”), according to...