Bread Financial Holdings, Inc. has priced a public offering of 4.8 million depositary shares representing interests in its Series B preferred stock, with an option for underwriters to buy an additional 720,000 shares. The offering is expected to raise approximately $115.3 million in net proceeds, which the company plans to use for general corporate purposes including potential loans to its subsidiary bank and share repurchases. The depositary shares will be listed on the New York Stock Exchange, and the offering is scheduled to close on May 12, 2026, subject to customary conditions. This move supports Bread Financial's financial flexibility and growth strategies.
Perplexity AI CEO Aravind Srinivas shared lessons from Nvidia's Jensen Huang and Tesla's Elon Musk, highlighting Huang's mindset of running Nvidia as if it could fail within 30 days despite its $5 trillion valuation and advanced technology. Srinivas ...
Meta Platforms introduced an AI-powered feature called "AI Mode" within Facebook Search, which uses Meta's AI model Muse Spark to provide answers from public content rather than traditional search results. This innovation could generate over $10 bill...
Cuprina Holdings shares surged 111.84% intraday following FDA 510(k) clearance for its MEDIFLY Maggots wound care product, the first maggot debridement therapy using Lucilia cuprina species approved in the U.S. The product treats non-healing necrotic...
Cortea secured €12 million in funding led by Dawn Capital to develop AI-powered Audit Quality Agents that review audit reports and financial statements, identifying errors and inconsistencies before sign-off. These tools help audit firms improve qual...
Cortea secured €12 million in seed funding led by Dawn Capital to develop AI tools that enhance audit quality without compromising accuracy. Their Audit Quality Agents review audit reports and financial statements to detect inconsistencies and errors...
