Latest Breaking News On - Blackwell partners - Page 6 : comparemela.com

Why Purple Innovation Stock Crashed This Morning

Shares of mattress maker Purple Innovation (NASDAQ:PRPL) tumbled out of bed Wednesday, falling nearly 10% early in the morning, and are still down 8.9% as of 11 a.m. EDT. Its own shareholders are to blame. Image source: Getty Images. So what Last night, Purple Innovation announced that certain selling shareholders Coliseum Capital Partners, L.P.; Coliseum Co-Invest Debt Fund, L.P.; Blackwell Partners LLC – Series A; and Coliseum Capital Co-Invest III, L.P. plan to sell at least 7.3 million, and potentially as many as 8.4 million shares of common stock in a secondary offering. The shareholders will price their shares at $30 each 7.1% below yesterday s closing price aiming to cash out $252 million.  

Purple Innovations shares fall 10% premarket after secondary offering of 7.3 million shares

Rutgers, Duke and Vanderbilt All Have Ties to the $100 Million NJ Deli Company

The shares of Duke and Vanderbilt, among the biggest stakes in Hometown International, were acquired in the past year as part of what financial filings indicate is an effort to use Hometown International as well as a shell company called E-Waste as vehicles for private companies to become publicly traded on U.S. stock markets through either reverse mergers or similar maneuvers. It is not clear whether Duke and Vanderbilt are among the would-be buyers of shares in E-Waste, which last week announced it was offering to sell stock for $2.5 million. E-Waste, which is tied to people connected to Hometown, and which has borrowed money from the deli owner, has no ongoing business, but despite that has a market capitalization of more than $100 million.

New Jersey High School Wrestling Coach Is CEO of $100 Million Firm That Owns One Deli

Congress 4 hours ago That s an oddly high valuation because the company, Hometown International, owns a delicatessen and only one small delicatessen in Paulsboro, where the Morina-coached high school wrestling team frequently wins state championships. The company has disclosed that it has shareholders based in China s Macau territory. The shop, Your Hometown Deli, did just $35,000 in sales combined over the past two years, according to Hometown International s annual report, filed March 26 with the Securities and Exchange Commission. The pastrami must be amazing, Einhorn cracked of the company, whose stock from late March 2020 to early September rose to more than $9 per share from $3.25 per share despite the deli its only operating business being closed due to the coronavirus pandemic during that time frame.

New Jersey High School Wrestling Coach Is CEO of $100 Million Firm That Owns One Deli