Latest news with #SecuritiesAndExchangeCommission
Yahoo
18 hours ago
- Business
- Yahoo
Spot Crypto ETF Filings for XRP, SOL, DOGE Among Those With Overwhelming SEC Approval Odds: Bloomberg
Odds are stacked that the U.S. Securities and Exchange Commission approves most of the filed crypto exchange-traded funds, including the various XRP ETFs, by their respective deadlines, according to Bloomberg Analysts James Seyffart and Eric Balchunas. 'We are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher,' Bloomberg Intelligence's James Seyffart said in a post on X. 'Engagement from the SEC is a very positive sign in our opinion.' According to the analysts, ETFs for assets like Litecoin, Solana, XRP, Dogecoin, and Cardano all now sit at or above the 90% mark. These estimates reflect growing optimism from ETF specialists following a wave of 19b-4 acknowledgements and S-1 amendment requests from the Securities and Exchange Commission. Analysts view this back-and-forth process as a signal that the SEC is now more willing to work with issuers. The only asset lagging behind is SUI, filed solely by Canary. Bloomberg assigns it a 60% chance of approval, citing a lack of regulated futures and regulatory uncertainty. Bettors on Polymarket are also feeling optimistic. They are giving a 98% chance that an XRP ETF gets approved this year, and a 91% chance a SOL ETF gets the green light. It's also likely that a DOGE ETF gets a go-ahead, with bettors giving that a 71% chance of happening.
Zawya
a day ago
- Business
- Zawya
Don't invest in Zugacoin, Samzuga GPT — SEC warns Nigerians
The Securities and Exchange Commission (SEC) has warned Nigerians against investing in Zugacoin and Samzuga GPT, describing the crypto assets as unauthorised and unregistered within the Nigerian capital market. In a statement issued on Wednesday, the Commission said preliminary investigations revealed that both Zugacoin and Samzuga GPT are meme coins — digital tokens with no intrinsic value, real-world utility, or tangible projects backing them. 'The promoters or issuers of ZUGACOIN and SAMZUGA GPT are not registered by the Commission to operate in any capacity,' the statement read. 'These assets are not approved for issuance or sale to the Nigerian public.' The SEC noted that meme coins like these are often driven by hype and community sentiment, making them highly vulnerable to pump-and-dump schemes — fraudulent practices where promoters inflate asset prices with misleading information before cashing out and leaving other investors with losses. It cautioned Nigerians against the purchase, promotion, or trading of Zugacoin, Samzuga GPT, or similar crypto variants, emphasizing that any individual who chooses to invest in such schemes does so at their own risk. The regulatory body urged the public to verify the legitimacy of any crypto or digital asset and the registration status of their promoters or platforms through its FinTech portal: or via
Yahoo
4 days ago
- Business
- Yahoo
Slide Insurance Holdings, Inc. Announces Pricing of Upsized Initial Public Offering
TAMPA, Fla., June 17, 2025 (GLOBE NEWSWIRE) -- Slide Insurance Holdings, Inc. ('Slide') announced today the pricing of its upsized initial public offering of 24,000,000 shares of its common stock, par value per share $0.01 (the 'common stock') at a public offering price of $17.00 per share. Slide is offering 16,666,667 shares and certain selling stockholders are offering 7,333,333 shares of common stock in the offering. In connection with the offering, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,600,000 shares of common stock at the public offering price, less underwriting discounts and commissions. Slide will not receive any proceeds from the sale of the shares by the selling stockholders. The shares of common stock are expected to begin trading on the Nasdaq Global Select Market on June 18, 2025 under the symbol 'SLDE'. The closing of the offering is expected to occur on June 20, 2025, subject to the satisfaction of customary closing conditions. Barclays and Morgan Stanley are acting as joint book-running managers for the proposed offering. Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and Piper Sandler are acting as co-managers for the proposed offering. A registration statement on Form S-1 relating to the offering has been filed with the Securities and Exchange Commission and was declared effective on June 17, 2025. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained for free by visiting EDGAR on the SEC's website at Alternatively, copies of the final prospectus, when available, may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at barclaysprospectus@ or telephone at 1-888-603-5847) or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended, and otherwise in accordance with applicable securities laws in any other jurisdiction. About Slide Slide is a technology-enabled insurance company that makes it easy for homeowners to choose the right coverage for their unique needs and budgets. Slide's cutting-edge technology leverages artificial intelligence and big data to optimize and streamline every part of the insurance process. Based in Tampa, FL, Slide was founded by Bruce and Shannon Lucas, insurance insiders with a deep understanding of how technology can be applied to achieve better underwriting outcomes. Contacts MediaRachel CarrChief Marketing Officerpress@ Investorsir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Enigmatig Limited Announces Pricing of Initial Public Offering
NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) -- Enigmatig Limited ("Enigmatig" or the "Company"), an international consultancy firm providing one-stop cross-border licensing solutions and related services, today announced the pricing of its initial public offering ("IPO") of 2,845,200 Class A ordinary shares at a price to the public of US$5.00 per share. The Class A ordinary shares have been approved for listing on the NYSE American Market and are expected to begin trading on June 18, 2025, under the ticker symbol "EGG." Enigmatig has granted the underwriter of this offering a 45-day option to purchase up to an additional 426,780 Class A ordinary shares at the IPO price, less underwriting discounts, solely to cover over-allotments, if any. The offering is expected to close on or about June 20, 2025, subject to customary closing conditions. The offering is being conducted on a firm commitment basis. Prime Number Capital, LLC is acting as the sole bookrunner for the offering. A registration statement relating to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission ("SEC"). The offering is made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, from Prime Number Capital, LLC by email at info@ or via standard mail to Prime Number Capital, LLC, 12 E 49th St, Floor 27, New York, NY 10017. In addition, a copy of the final prospectus can also be obtained via the SEC's website at This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Enigmatig LimitedEnigmatig is an international business enabler that empowers small and medium-sized enterprises to achieve their international ambitions. Since 2010, we have connected businesses with the expertise, infrastructure, and regulatory support needed to succeed in cross-border markets. With deep capabilities in FX brokerage consultancy, licensing, RegTech, FinTech, and corporate services, Enigmatig delivers tailored solutions across the business lifecycle – from company incorporation to ongoing compliance. Our experienced team specialises in navigating complex regulatory environments across global financial hubs and key offshore centres, including London, Cyprus, and Belize. Headquartered in Singapore with a strategic presence in Hong Kong, Shanghai, London, and a representative desk in Bangkok, Enigmatig supports a diverse international client base. For more information, please visit: Safe Harbor StatementCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'could,' 'will,' 'should,' 'would,' 'expect,' 'plan,' 'intend,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'project' or 'continue' or the negative of these terms or other comparable terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. For more information, please contact:Enigmatig Investor RelationsEmail: investors@ in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
SEC withdraws proposed rules on ESG disclosures, shareholder submissions
This story was originally published on ESG Dive. To receive daily news and insights, subscribe to our free daily ESG Dive newsletter. The Securities and Exchange Commission has abandoned the rulemaking process for regulations requiring enhanced disclosures for ESG and similarly labeled funds and altering the shareholder proposal and resubmission process, the agency announced in an agenda update Thursday. The two rules were among 14 Biden-era agency proposals the SEC withdrew last week. The agency also stopped defending its climate risk disclosure rule in court this spring, as intervening states have looked to take up the case and continue the rule's defense in court. The ESG disclosures rule was considered among the most endangered Biden-era regulations related to climate and environmental, social and governance policies under President Donald Trump. Other regulations on the list have also faced pushback, including a Department of Labor rule allowing retirement plan managers to consider ESG factors, a rule that DOL recently announced it would rescind and remake. The SEC first proposed the rule to require enhanced disclosures from investment advisers and companies on ESG practices in May 2022, and Congressional Democrats had urged the SEC to finalize its anti-greenwashing rule for ESG funds under the prior administration. The final rule was initially expected in April 2024, pushed to October 2024 and ultimately went unreleased before the change in administration. The rule would have required investment advisers and companies to make additional disclosures about their ESG strategies and practices in their prospectuses, annual reports and brochures; implemented a comparable disclosure approach for investors to easily compare ESG funds; and required environmentally-focused funds to disclose their portfolio greenhouse gas emissions, according to an agency fact sheet. Congressional Democrats had pressed former SEC Chair Gary Gensler to finalize the rule as an anti-greenwashing complement to the agency's amendments to the Investment Company Act's Names Rule. Enforcement for the Names Rule — which requires funds with an objective like 'sustainability' in their name to invest 80% of its assets towards that goal — has since been pushed back to June 2026 and December 2026 for companies with more than $1 billion in net assets and companies whose assets fall under that threshold, respectively. Following the change in federal leadership, House Republicans asked the SEC to rescind the ESG rule, along with the Names Rule, among a list of requested Biden-era regulatory recissions. Other rules that appeared on the list were also rescinded June 12, including the SEC's cybersecurity risk management, strategy and governance disclosures rule. The agency proposed its update to the shareholder proposal and resubmission process in July 2022, which would have replaced a rule from the prior Trump administration's SEC that raised thresholds for stocks required to submit a proposal to company boards among other changes. A judge in the federal district court for Washington, D.C. recently dismissed a lawsuit from responsible investing groups challenging the Trump administration's 2020 rule. Gensler's SEC had proposed revising bases by which a company board could have a shareholder proposal excluded based on the reason that a submission had been substantially implemented, is duplicative or is being resubmitted, according to a fact sheet on shareholder proposals. With the lawsuit challenging those higher thresholds dismissed and the rulemaking process to alter the shareholder process withdrawn, the SEC appears cleared to return to its 2020 position on shareholder proposal process. Recommended Reading The ESG, climate rules at stake under a second Trump term
