Mark Jundt, Dan Philp to serve as Co-Chief Executive Officers of Lendway
- Lendway Appoints Co-Chief Executive Officers: Lendway, a specialty agricultural and finance company, named Mark R. Jundt and Daniel C. Philp as Co-CEOs effective July 1, 2024.
- Reason for Leadership Change: The decision was made to allow the new CEOs to focus on administration, corporate governance, and new strategic initiatives while the subsidiary's CEO manages the underlying business effectively.
- Background of New CEOs: Jundt has been a board member since November 2022 and served as Chair from August 2023, while Philp joined the board in November 2022 and played a key role in overseeing the recent acquisition of Bloomia, B.V.
- Board Member Perspective: Nick Swenson, a board member representing a group of Lendway stockholders, expressed confidence in the new leadership team's ability to drive the company forward at the corporate level.
- Financial Information: For more financial details on Lendway and Insignia Systems, additional information is available beyond the leadership changes.
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Lendway Inc. Rebrands as Bloomia Holdings, Inc.
- Corporate Name Change: Lendway, Inc. announced it will change its name to Bloomia Holdings, Inc. effective February 2, 2026, aligning its corporate identity with current operations and long-term growth objectives, reflecting commitment and enthusiasm for future development.
- Ticker Symbol Change: Following the name change, the company's stock will trade under the new symbol TULP on NASDAQ, which is the Dutch word for tulip, symbolizing the company's focus on its core business and expected to enhance market recognition.
- Management Commentary: Co-CEO Mark Jundt stated that the tulip business is the company's prized asset, and the name change reflects a commitment to Bloomia's future, demonstrating confidence in the company's growth trajectory.
- Industry Position: Bloomia Holdings, Inc. is one of the largest producers of fresh-cut tulips in the United States, focusing on agricultural investments, and the rebranding is expected to further solidify its leadership position in the industry.
Lendway Stock Soars Almost 20% in After-Hours Trading — Find Out the Reason
Stock Performance: Lendway Inc. (NASDAQ: LDWY) saw a 19.88% increase in after-hours trading, reaching $4.10, despite closing down 3.11% at $3.42 during regular trading. The stock is down 26.92% year-to-date.
Certificate of Amendment: The company filed a Certificate of Amendment in Delaware, increasing its authorized common stock from 5.71 million to 10 million shares, effective immediately.
Shareholder Approval: The proposal to increase authorized shares received 1.17 million votes in favor, with 223,490 against and 5,241 abstentions, following resolutions passed by the Board on September 26.
Annual Meeting Outcomes: During the Annual Meeting, six nominees were elected as directors for a one-year term, with CFO Elizabeth E. McShane signing the filing related to the stock amendment.
CC Capital Still Working on Bid for Australia’s Insignia
Insignia Financial Update: Australian wealth manager Insignia Financial announced that CC Capital Partners is still preparing a binding offer, nearly four months after gaining access to the company's financials.
Bain Capital Withdrawal: While CC Capital continues its efforts, rival bidder Bain Capital withdrew from the process two months after initially being granted access in March.
Australia’s Insignia Opens Books to Bain After $2.1 Billion Proposal
Bain Capital's Offer: Bain Capital has increased its offer for Insignia Financial to approximately US$2.12 billion, allowing them access to the company's financial records for due diligence.
Rival Bidder: Insignia Financial will also permit due diligence for CC Capital Partners, as both bidders have raised their cash proposals to 5.00 Australian dollars per share, roughly equivalent to US$3.17.
Brookfield Enters Race for Australia’s $1.9 Billion Insignia Financial
Brookfield's Proposal: Brookfield Asset Management has made a US$1.93 billion non-binding proposal for Insignia Financial, offering 4.60 Australian dollars (US$2.88) per share.
Competitive Bidding: This proposal marks the third interest in Insignia, matching previous offers from CC Capital Partners and Bain Capital.
CC Capital Partners Raises Offer for Insignia to $1.9 Billion
Takeover Proposal Update: Insignia Financial announced that CC Capital Partners has improved its takeover offer for the company, surpassing the bid from Bain Capital.
Revised Offer Details: The new proposal from CC Capital is valued at 4.60 Australian dollars (approximately US$2.86) per share.
Lendway Inc. Rebrands as Bloomia Holdings, Inc.
- Corporate Name Change: Lendway, Inc. announced it will change its name to Bloomia Holdings, Inc. effective February 2, 2026, aligning its corporate identity with current operations and long-term growth objectives, reflecting commitment and enthusiasm for future development.
- Ticker Symbol Change: Following the name change, the company's stock will trade under the new symbol TULP on NASDAQ, which is the Dutch word for tulip, symbolizing the company's focus on its core business and expected to enhance market recognition.
- Management Commentary: Co-CEO Mark Jundt stated that the tulip business is the company's prized asset, and the name change reflects a commitment to Bloomia's future, demonstrating confidence in the company's growth trajectory.
- Industry Position: Bloomia Holdings, Inc. is one of the largest producers of fresh-cut tulips in the United States, focusing on agricultural investments, and the rebranding is expected to further solidify its leadership position in the industry.
Lendway Stock Soars Almost 20% in After-Hours Trading — Find Out the Reason
Stock Performance: Lendway Inc. (NASDAQ: LDWY) saw a 19.88% increase in after-hours trading, reaching $4.10, despite closing down 3.11% at $3.42 during regular trading. The stock is down 26.92% year-to-date.
Certificate of Amendment: The company filed a Certificate of Amendment in Delaware, increasing its authorized common stock from 5.71 million to 10 million shares, effective immediately.
Shareholder Approval: The proposal to increase authorized shares received 1.17 million votes in favor, with 223,490 against and 5,241 abstentions, following resolutions passed by the Board on September 26.
Annual Meeting Outcomes: During the Annual Meeting, six nominees were elected as directors for a one-year term, with CFO Elizabeth E. McShane signing the filing related to the stock amendment.
CC Capital Still Working on Bid for Australia’s Insignia
Insignia Financial Update: Australian wealth manager Insignia Financial announced that CC Capital Partners is still preparing a binding offer, nearly four months after gaining access to the company's financials.
Bain Capital Withdrawal: While CC Capital continues its efforts, rival bidder Bain Capital withdrew from the process two months after initially being granted access in March.
Australia’s Insignia Opens Books to Bain After $2.1 Billion Proposal
Bain Capital's Offer: Bain Capital has increased its offer for Insignia Financial to approximately US$2.12 billion, allowing them access to the company's financial records for due diligence.
Rival Bidder: Insignia Financial will also permit due diligence for CC Capital Partners, as both bidders have raised their cash proposals to 5.00 Australian dollars per share, roughly equivalent to US$3.17.
Brookfield Enters Race for Australia’s $1.9 Billion Insignia Financial
Brookfield's Proposal: Brookfield Asset Management has made a US$1.93 billion non-binding proposal for Insignia Financial, offering 4.60 Australian dollars (US$2.88) per share.
Competitive Bidding: This proposal marks the third interest in Insignia, matching previous offers from CC Capital Partners and Bain Capital.
CC Capital Partners Raises Offer for Insignia to $1.9 Billion
Takeover Proposal Update: Insignia Financial announced that CC Capital Partners has improved its takeover offer for the company, surpassing the bid from Bain Capital.
Revised Offer Details: The new proposal from CC Capital is valued at 4.60 Australian dollars (approximately US$2.86) per share.
