Rush Street Interactive priced a secondary offering of 10M Class A shares at $26.00 per share, sold by trusts tied to Neil Bluhm, Richard Schwartz, and Mattias Stetz. The offering is expected to close on May 7, 2026. The underwriters will have a 30-day option to purchase up to an additional 1.5M shares of RSI’s Class A common stock from the selling stockholders. Upon completion of the offering, Ne...
Rush Street Interactive priced a secondary offering of 10M Class A shares at $26.00 per share, sold by trusts tied to Neil Bluhm, Richard Schwartz, and Mattias Stetz. The offering is expected to close on May 7, 2026. The underwriters will have a 30-day option to purchase up to an additional 1.5M shares of RSI’s Class A common stock from the selling stockholders. Upon completion of the offering, Neil Bluhm and trusts and other entities beneficially owned by him will continue to own over 40% of RSI’s stock, remaining RSI’s largest shareholder by a significant margin. The stock price slumped about 8.4% on Wednesday during market hours. More on Rush Street Interactive Rush Street Interactive, Inc. (RSI) Q1 2026 Earnings Call Transcript Rush Street Interactive, Inc. 2026 Q1 - Results - Earnings Call Presentation Rush Street Interactive: The Casino Strategy Is Working Rush Street Interactive launches 10M share secondary offering, plans buyback Rush Street rallies to an all-time high after strong earnings
A foundation set up by Chang Yung-fa , the late billionaire founder of Taiwan’s Evergreen shipping and aviation empire, said it will seek a share of his more than $3 billion estate, reigniting a long-running family dispute over the inheritance. The Chang Yung-fa Foundation said it recently learned that a portion of the estate has been transferred into the executors’ joint account, according to a s...
A foundation set up by Chang Yung-fa , the late billionaire founder of Taiwan’s Evergreen shipping and aviation empire, said it will seek a share of his more than $3 billion estate, reigniting a long-running family dispute over the inheritance. The Chang Yung-fa Foundation said it recently learned that a portion of the estate has been transferred into the executors’ joint account, according to a statement on its website Tuesday. The charitable entity “filed a ‘gift upon death lawsuit’ against the executors, seeking to use the assets to help more people in need and carry out his final wishes,” it said. The foundation did not specify the amount involved. The move marks the latest twist in a decade-long legal battle over Chang’s estate, with rival claims by heirs and the foundation competing to reshape how one of Taiwan’s largest family fortunes may ultimately be divided. Chang died in 2016 at the age of 88 with a fortune of at least $1 billion, according to the Bloomberg Billionaires Index, after building Evergreen Group from a single second-hand bulk carrier into a global shipping, aviation and hospitality empire. Read More: Chang Yung-fa, Taiwan’s Evergreen Group Founder, Dies at 88 (1) An inheritance battle erupted after Chang’s death. His will named youngest son Chang Kuo-wei as group leader and primary beneficiary to key assets. Within months, his three half-brothers moved to oust him from leadership roles and challenged the will in court, setting off years of litigation that culminated in a 2024 Supreme Court ruling upholding the will’s validity. After his father’s passing, Kuo-wei founded Starlux Airlines Co. , a rival to Evergreen Group’s Eva Airways Corp. Richard Lin, a lawyer for Chang Kuo-wei , said the estate’s distribution is already clearly set out and leaves no basis for a deathbed gift. The scion will defend his interests, he said. A gift upon death is a legal arrangement which becomes effective only after the donor’s death. The latest portion of the e...
(RTTNews) - Wolters Kluwer N.V. (WTKWY.PK), a Dutch provider of information, software, and services, reported Wednesday a 3 percent drop in first-quarter revenues, while adjusted operating profit and revenues increased in constant currencies. Further, the firm maintained fiscal 2
(RTTNews) - Wolters Kluwer N.V. (WTKWY.PK), a Dutch provider of information, software, and services, reported Wednesday a 3 percent drop in first-quarter revenues, while adjusted operating profit and revenues increased in constant currencies. Further, the firm maintained fiscal 2
Earnings Call Insights: Cumberland Pharmaceuticals (CPIX) Q1 2026 Management View "We're pleased to report continued momentum in 2026 as we're off to an excellent start with FDA approval for expanded Caldolor labeling, initiation of our sales promotional efforts in support of Talicia, the first shipment of Vibativ to China and FDA clearance of the manufacturing facility, which will enable the rela...
Earnings Call Insights: Cumberland Pharmaceuticals (CPIX) Q1 2026 Management View "We're pleased to report continued momentum in 2026 as we're off to an excellent start with FDA approval for expanded Caldolor labeling, initiation of our sales promotional efforts in support of Talicia, the first shipment of Vibativ to China and FDA clearance of the manufacturing facility, which will enable the relaunch of Vaprisol" (Founder, Chairman, President & CEO A. Kazimi). "Under the terms of the agreement, Apotex will acquire our portfolio of marketed products for cash consideration of $100 million, subject to our shareholders' approval" and "Cumberland will also receive $9 million in payments for inventory, fees for transitional support services and a milestone payment tied to future product sales" (Founder, Chairman, President & CEO Kazimi). "Following the close of the transaction, we intend to focus on advancing our robust pipeline of product candidates" and "that strategic shift will position Cumberland as an innovation-driven organization" (Founder, Chairman, President & CEO Kazimi). "The indication now includes the management of postoperative pain" and "with this update, Caldolor is indicated for use in adult and pediatric patients ages 3 months and older for the treatment of pain and fever" (Vice President of Organizational Development Todd Anthony). "In February, we announced the launch of our national sales promotion for Talicia" and "we assumed responsibility for the distribution and sales promotion of the brand in the United States" (Vice President Anthony). "The FDA has just reinstated their approval status for that facility, which will enable us to submit for manufacture of Vaprisol there" and the relaunch is "expected this year" (Vice President Anthony). "During the first quarter, our portfolio of FDA-approved brands delivered combined revenue of $9.1 million" and "total operating expenses for the first quarter were $12.3 million, resulting in a net loss of appro...