Goldman Sachs Group Inc. - GS STOCK NEWS

Eagle Global, a women and minority-owned gaming provider based in Georgia, announced it has more than doubled its business size and customer base in the past six months through mergers and organic growth. The company expanded its executive team with the appointment of Michael Shanahan as COO & CFO, bringing 15 years of financial leadership experience. Eagle's focus on compliance and customer service has helped attract partners and customers, while Goldman Sachs Asset Management continues to support Eagle's growth strategy in the COAM market.

Goldman Sachs BDC, Inc. (GSBD) announced it will release its third-quarter financial results for the period ending September 30, 2022, after market close on November 3, 2022. An earnings conference call is scheduled for November 4, 2022, at 9:00 AM ET, where participants can join via telephone or audio webcast. GS BDC is regulated as a business development company and focuses on investing in middle-market companies in the U.S. It is managed by Goldman Sachs Asset Management and primarily targets secured and unsecured debt as well as select equity investments.

Goldman Sachs launched the Sonar Dark X algorithm on its Atlas equities trading platform, aimed at enhancing non-displayed liquidity capture while minimizing price impacts. Leveraging a liquidity scoring framework, the algorithm helps clients navigate fragmented market venues. It features configurable logic for order execution parameters and will first operate in the U.S., with a roll-out in EMEA later this year. The introduction of this algorithm reflects Goldman Sachs' commitment to innovation in an increasingly complex global market structure.

Data Horizon Americas (DHA) has received backing from Global Compute Infrastructure and Southern Cross Group to drive its operations in Latin America. This partnership leverages their extensive experience in datacenter development. DHA's first datacenter campus in Bogota, Colombia, spans over 50,000 m2 and aims to provide 55 MW of power to meet growing demands. Set to deliver initial capacity in 1H24, the site will cater to global hyperscale deployments. With this collaboration, DHA plans to expand its footprint across Latin America, tapping into a rising market for such technologies.

The Goldman Sachs Group, Inc. (NYSE: GS) announced a preliminary court approval of a settlement agreement for a shareholder derivative lawsuit on September 16, 2022. The U.S. District Court for the Southern District of New York sanctioned this agreement, which aims to resolve issues arising from the lawsuit. Detailed information regarding the settlement is accessible in the Notice of Settlement and the full settlement agreement, both available on the firm’s investor relations website.

The Goldman Sachs Group, Inc. (NYSE: GS) announced the preliminary approval of a settlement agreement by the U.S. District Court for the Southern District of New York on September 16, 2022, regarding a shareholder derivative lawsuit. The firm is providing details of this settlement to its shareholders through a Notice of Settlement, which is accessible on their investor relations website. Goldman Sachs, established in 1869, is a prominent global financial institution offering a wide range of financial services to various clients worldwide.

Kate Farms has successfully completed a Series C funding round, raising $75 million led by Novo Holdings, with participation from Goldman Sachs and others. This investment will enhance Kate Farms' innovation and expansion in the plant-based nutrition market, particularly for patients requiring tube feeding. The company, which offers USDA Organic and Non-GMO certified products, aims to develop new products and enter new markets. Kate Farms has established a presence in over 95% of U.S. hospitals and has launched 13 new products since 2021.

Fortanix Inc., a leader in multicloud security, has secured $90 million in Series C funding, raising its total to over $122 million. The funding was led by Goldman Sachs Asset Management, indicating strong investor confidence in Fortanix's data-first security approach. The company has reported over 500% growth in the last three years and has expanded its customer base significantly, including Fortune 500 companies. With more than 25 patents, Fortanix addresses evolving regulatory demands and data breaches effectively.

Goldman Sachs Asset Management and Cleanhill Partners have acquired a majority stake in EPC Power, the only U.S.-based provider of end-to-end power conversion solutions. This strategic investment aims to capitalize on the rapid growth in renewable energy storage and facilitate America's clean energy transition. Following the Inflation Reduction Act of 2022, which incentivizes energy storage adoption, EPC Power is well-positioned to expand its market presence. The company has sold over 2 gigawatts of smart inverters and plans to open a second U.S. manufacturing facility by late 2022.