Funding News

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the pricing of an underwritten public offering of 2,000,000 shares of its 9.25% Series B Cumulative Redeemable Preferred Stock, par value $0.001 per share (the “Series B Preferred Stock”), at a price of $25.00 per share, for gross proceeds of $50,000,000. The Company granted the underwriters of the offering a 30-day option to purchase up to an additional 300,000 shares of the Company’...

MOUNT PROSPECT, Ill.--(BUSINESS WIRE)--Lapmaster Wolters and Precision Surfacing Solutions Secures Strategic Minority Investment to Accelerate Growth....

SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules,” “Hercules Capital,” or the “Company”), today announced that it has closed an upsized underwritten public offering of $400.0 million in aggregate principal amount of 6.700% notes due October 2029 (the “Notes”). The Notes are unsecured and bear interest at a rate of 6.700% per year, payable semiannually, will mature on October 8, 2029 and may be redeemed in whole or in part at any time or from time to time at the...

NEW YORK--(BUSINESS WIRE)--Corre Partners announces the initial close of Horizon III Fund. Corre Partners is a middle market turnaround specialist established in 2009....

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) today announced that it has entered into a $135.0 million refinancing of the mortgage loan secured by West County Center, a dominant regional mall located in St. Louis, Missouri.The new non-recourse loan replaces an existing $136.4 million loan that was scheduled to mature in December 2026. The new loan carries a five-year term with a fixed interest rate of 7.4%. After repayment of the maturing loan and the release of existing escro...

LOS ANGELES--(BUSINESS WIRE)--WhiteHawk Capital Partners Leads $560 Million Financing to Support Bally’s Bronx Development...

LOS ANGELES--(BUSINESS WIRE)--Mr. Holland’s Opus Foundation, a nonprofit organization that provides instruments to underfunded music education programs at public schools across the country, has surpassed $40 million worth of musical instruments donated to underserved public schools across the United States, marking a major milestone in the organization’s more than 30-year effort to ensure students have access to the benefits of music education. Since its founding, the nonprofit organization has...

HOUSTON--(BUSINESS WIRE)--National Math Stars receives $30M NSF grant to expand programs that find and support America’s most mathematically extraordinary young students....

DETROIT--(BUSINESS WIRE)--Bloom, the AI-native marketplace for hardware supply chains, today announced an oversubscribed $3.6 million seed round led by SNAK Venture Partners, with participation from Flyover Capital, Mana Ventures, Detroit Venture Partners (DVP), Family VC, Invest Detroit Ventures (IDV), the Michigan Outdoor Innovation Fund (MOIF), TechNexus and Service Provider Capital (SPC). America is reindustrializing, but the supply chains behind it still run on limited personal networks an...

OAKLAND, Calif.--(BUSINESS WIRE)--Samuel Merritt University (SMU) today announced $1 million in California state budget funding, championed by California state Sen. Jesse Arreguín, to create the SMU THRIVE Institute. The institute will train healthcare workers to recognize and respond to human trafficking and violence and open new health career pathways for survivors. The same budget includes a separate $1 million for the City of Oakland's violence prevention work. Arreguín and Oakland Mayor Ba...