Welcome to our dedicated page for PIOE news (Ticker: PIOE), a resource for investors and traders seeking the latest updates and insights on PIOE stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PIOE's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PIOE's position in the market.
P10 announced a strategic partnership between HPS Investment Partners and Enhanced Capital to provide structured capital solutions for renewable energy and battery storage projects across the United States. The partnership leverages provisions from the Inflation Reduction Act that allow for direct transfer of Investment Tax Credits and Production Tax Credits, simplifying the monetization process without complex tax equity structures. The collaboration combines HPS's renewable energy investment expertise with Enhanced Capital's tax credit structuring capabilities to support economy-wide decarbonization goals.
P10, a private markets solutions provider, will release its Q3 2021 results on November 12, 2021, before U.S. market opening. The company will host a conference call at 8:30 a.m. ET on the same day, accessible via webcast. P10 has over 2,400 investors globally, including large pension funds and financial institutions. As of September 30, 2021, the firm operates across 46 states and 29 countries, focusing on alternative asset management. The company maintains ownership limitations to protect tax benefits related to net operating losses.
P10, a leader in private markets solutions, announced the pricing of its initial public offering (IPO) of 20 million shares at $12.00 each. P10 will sell 11.5 million shares, while stockholders will sell 8.5 million shares. The underwriters have a 30-day option to purchase 3 million additional shares. Trading is set to begin on October 21, 2021, under the ticker symbol 'PX.' A reverse stock split was also executed, resulting in P10 Holdings becoming a wholly-owned subsidiary. The IPO is expected to close around October 25, 2021.
P10, Inc. plans to uplist its common stock to the New York Stock Exchange (NYSE) from OTC under ticker symbol "PX" following an underwritten public offering scheduled for October 20, 2021. Prior to the uplisting, P10 Holdings will undergo a 0.7-for-1 reverse stock split, making it a wholly-owned subsidiary of P10. After this split, shareholders will receive Class B common stock, convertible to Class A shares on a one-for-one basis. This move positions P10 to increase its visibility and access to capital.
P10, Inc. has announced plans to begin its initial public offering (IPO) roadshow, aiming to offer 20 million shares of Class A common stock. This includes 11.5 million shares from P10 and 8.5 million from existing stockholders. The anticipated IPO price is between $14 and $16 per share, following a 0.7-for-1 reverse stock split. P10 has filed a registration statement with the SEC and has applied to list its shares on the NYSE under the ticker symbol 'PX.' Major underwriters include Morgan Stanley and J.P. Morgan.
P10 Holdings, Inc. (OTC: PIOE) has acquired Bonaccord Capital Partners and Hark Capital from abrdn, expanding its footprint in private markets solutions. Bonaccord focuses on minority equity investments in mid-sized alternative asset managers, while Hark offers loans to private equity and growth funds, facilitating financing for companies. This acquisition is expected to add approximately $900 million in fee-paying assets under management. Co-CEOs Robert Alpert and C. Clark Webb highlighted the potential for synergies in capital raising and deployment following the acquisitions.
P10 Holdings, Inc. (OTC: PIOE) announced significant changes to its Board of Directors on September 27, 2021. Edwin Poston and Scott Gwilliam have joined the Board, with Poston serving as Head of P10 Venture Solutions and Gwilliam as a long-standing supporter of the company. Jeff Gehl, the Chief Marketing Officer, will step down from the Board but remain key in overseeing P10’s investment product distribution to over 2,400 clients. This restructuring may enhance P10's venture capital strategy.
P10 Holdings (OTC: PIOE) has established a strategic partnership with Crossroads Systems (OTCQX: CRSS) to enhance their Impact Credit initiative. This collaboration will see Enhanced Capital Group, LLC (ECG) managing loans for small businesses, particularly those owned by women and minorities, as well as for renewable energy and community redevelopment projects. The loans will generate yields for CRSS while ECG earns advisory fees. CEO Michael Korengold emphasized the importance of socially responsible capital allocation in this venture.
Crossroads Systems, Inc. (OTCQX: CRSS) announced a significant advisory agreement with Enhanced Capital Group (ECG) to enhance lending capabilities through Capital Plus Financial (CPF). The collaboration aims to channel over $250 million into underserved communities within 12 to 18 months. ECG's expertise is expected to yield over 20% return on equity for Crossroads. Additionally, CPF appointed Thiruvendran "Thiru" Vignarajah as its new CEO, succeeding Eric Donnelly, who remains CEO of Crossroads Systems.
P10 Holdings, Inc. (OTC: PIOE) released its Second Quarter 2021 Report and a Quarterly Letter to Shareholders on August 12, 2021. The reports highlight P10's position as a specialized multi-asset class private markets solutions provider, boasting a diverse suite of private equity, venture capital, and impact investing strategies. The company emphasizes its strong management team and investment performance as key drivers of sustainable profit growth. Interested parties can access these reports via the Investor Relations page at www.p10alts.com.
