Shoulder Innovations, Inc. Stock Price, News & Analysis

Silvergate Capital Corporation (NYSE: SI) has successfully completed a public offering of 3,806,895 shares of Class A common stock at $145.00 each, raising approximately $552.0 million before discounts. The proceeds aim to bolster regulatory capital levels for Silvergate and its subsidiary, Silvergate Bank, and will support growth initiatives including the SEN Leverage product and digital asset services. The offering was managed by Goldman Sachs, J.P. Morgan, and Keefe, Bruyette & Woods among others.

Silvergate Capital Corporation (NYSE: SI) priced an underwritten public offering of 3,310,344 shares of Class A common stock at $145.00 per share, aiming for gross proceeds of approximately $480.0 million. With a 30-day option for underwriters to purchase an additional 496,551 shares, total proceeds could reach approximately $552.0 million. The funds will enhance regulatory capital levels for Silvergate and its subsidiary, Silvergate Bank, and support growth initiatives, including digital asset services. The offering is expected to close on December 9, 2021.

Silvergate Capital Corporation (NYSE: SI) has announced a public offering of $400 million in Class A common stock, with an option for underwriters to purchase an additional $60 million. Proceeds will enhance regulatory capital for Silvergate Bank and support growth initiatives, including the SEN Leverage product. The offering is managed by Goldman Sachs, J.P. Morgan, and Keefe, Bruyette & Woods. Investors are advised to review the upcoming preliminary prospectus supplement and related documents filed with the SEC for complete details.

Silvergate Capital Corporation (NYSE: SI) announced participation in Oppenheimer's 4th Blockchain & Digital Assets Summit on November 18, 2021, at 2:55 p.m. ET. CEO Alan Lane, CFO Tony Martino, and CSO Ben Reynolds will engage in a fireside chat, accessible via a live webcast on the company's investor relations website. Silvergate is a key player in providing financial solutions to the digital currency sector, particularly through its Silvergate Exchange Network, which supports a range of payments, lending, and funding services for digital currency companies worldwide.

Silvergate Capital Corporation (NYSE: SI) will participate in a fireside chat at the BofA Securities 2021 Banking and Financials Conference on November 10, 2021, at 10:30 a.m. ET. CEO Alan Lane, CFO Tony Martino, and CSO Ben Reynolds will represent the company. Interested parties can access a live webcast of the event via Silvergate's investor relations website, with an online replay available afterward. Silvergate is known for its innovative financial infrastructure solutions for the digital currency industry, particularly through its real-time payments platform, the Silvergate Exchange Network.

Silvergate Capital Corporation (NYSE:SI) reported a strong third quarter for 2021, with net income of $23.5 million, or $0.88 per diluted share, up from $20.9 million in Q2 2021. The company saw a significant growth in digital currency deposits, averaging $11.2 billion, marking a 2.6% increase from the previous quarter. However, U.S. dollar transfers via the Silvergate Exchange Network fell by 32% to $162.0 billion. The company completed a $200 million depository share offering, netting $193.7 million. Noninterest expense rose by 3.8% from Q2 2021 due to higher salaries and federal insurance costs.

Silvergate Capital Corporation (NYSE:SI) will release its third quarter 2021 financial results on October 19, 2021, before the market opens. A conference call will occur at 11:00 a.m. Eastern Time the same day, accessible by calling 1-844-378-6480 (or 1-412-317-1088 internationally). A replay of the call will be available starting at 1:00 p.m. Eastern Time on the same day until November 2, 2021. Investors can also listen via webcast on the Company's investor relations website.

Siemens Government Technologies has secured a $14 million task order from the Army Corps of Engineers to upgrade cooling and ventilation systems at a facility in Hill Air Force Base, Utah. This contract is part of a multi-year procurement potentially worth $1.2 billion for Utility Monitoring and Control Systems across Department of Defense locations. Over 90% of the subcontracted work will be carried out by small businesses, highlighting SGT's commitment to diversity in its procurement process.

Silvergate Capital Corporation (NYSE: SI) announced that CEO Alan Lane, CFO Tony Martino, and CSO Ben Reynolds will participate in a fireside chat at the Barclays Global Financial Services Conference on September 14, 2021, at 3:30 p.m. ET. Interested parties can access a live webcast via the investor relations section of Silvergate's website. Silvergate is recognized as a leading provider of financial infrastructure solutions for the digital currency industry, offering a real-time payments platform known as the Silvergate Exchange Network to support the growing market.