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Cingulate raises $4M from public offering of almost 7M shares

September 15, 2023 by Russell Gray

KCK-based Cingulate completed a 6.9 million-share offering for almost 58 cents a share. The company is pushing its first time-release ADHD drug through clinical trials.

Filed Under: Uncategorized

UAW launches strike against all Big 3 automakers

September 15, 2023 by Russell Gray

The United Auto Workers plans to limit its strike action to one plant each for Ford, GM and Stellantis. But UAW President Shawn Fain says that if negotiations don't advance, the walkout could hit more plants nationwide.

Filed Under: Uncategorized

Ford gives contract proposal to UAW, whose leader says it’s not enough

September 1, 2023 by Russell Gray

With a Sept. 14 expiration of Ford's current contract with the United Auto Workers looming, the automaker made a contract proposal that would boost pay by 15%. The union has sought a 46% increase, and the UAW's leader rejected the offer dramatically.

Filed Under: Uncategorized

In Yellow bankruptcy, pension fund, governments and other unsecured creditors could come up short

September 1, 2023 by Russell Gray

Once the bankrupt trucking company satisfies three big debts totaling about $1.2 billion, the remaining unsecured creditors will face real challenges being made whole. This includes the pension fund for union workers: Its claim probably will be "in the billions."

Filed Under: Uncategorized

Leawood pet insurance provider Companion Protect raises $27M Series A round

August 25, 2023 by Russell Gray

Companion Protect plans to use the influx of cash to further develop its offerings for insurance companies and animal shelters. Two national insurance businesses joined the investment round.

Filed Under: Uncategorized

Bankrupt Yellow sees Old Dominion top Estes Express as lead stalking horse bidder

August 22, 2023 by Russell Gray

Old Dominion's stalking horse bid of $1.5 billion for Yellow's real estate assets bests that of Estes Express, which came in at $1.3 billion. That bid would more than cover the approximately $1.3 billion in Yellow debt that matures next year.

Filed Under: Uncategorized

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