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Schwazze (OTCQX: SHWZ; NEO: SHWZ) announced on March 24, 2023, the appointment of Bradley Stewart to its Board of Directors, succeeding Sal Wahdan, who resigned. Stewart brings extensive experience in building technology and services companies, including roles as CEO at Fair Technologies and Chairman at XOJet. His expertise in strategic transformation and M&A is expected to enhance Schwazze's leadership as it aims to expand its cannabis business in Colorado and New Mexico. CEO Justin Dye expressed confidence in Stewart's contributions to the Board, thanking Wahdan for his service.
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Semper Paratus Acquisition Corporation announced the successful closing of its initial public offering (IPO), raising $345 million from the sale of 34.5 million units, priced at $10.00 each. Each unit includes one Class A ordinary share and one-half of a redeemable warrant, with the latter entitling the holder to purchase a share at $11.50 per share. The units began trading on the Nasdaq under the symbol LGSTU on November 4, 2021. The proceeds will support the company's strategy for potential business combinations.