Shoulder Innovations, Inc. Stock Price, News & Analysis

Silvergate Capital Corporation has filed a prospectus supplement for an at-the-market equity offering program, allowing for the sale of up to $300 million in Class A common stock. This initiative aims to enhance capital accessibility, supplement regulatory capital for Silvergate Bank, and support various growth initiatives, including digital asset services and strategic acquisitions. The shares will be sold through multiple agents in various methods. Investors are encouraged to review the related documents for detailed information.

Siemens Government Technologies (SGT) has secured a contract worth up to $21 million from the U.S. Army for electronic security maintenance supporting Space Force operations on Florida’s Space Coast. This task is part of the Army Corps of Engineers’ UMCS V contracting vehicle. SGT's team boasts over 49 years of experience in fire and electronic security for military operations. The company is recognized for its role in managing building automation and security systems, aiming to enhance operational safety and efficiency at critical launch sites including Cape Canaveral and Kennedy Space Center.

Silvergate Capital Corporation (NYSE: SI) announced that CEO Alan Lane and Chief Strategy Officer Ben Reynolds will present at Canaccord Genuity’s Digital Assets Symposium on February 10, 2021, at 4:30 p.m. EST. Investors can access the live webcast through the investor relations section of Silvergate’s website. Silvergate is recognized for providing innovative financial infrastructure solutions for the digital currency industry, with its Silvergate Exchange Network playing a pivotal role in enhancing payment and funding solutions for digital currency companies.

Silvergate Capital Corporation has successfully completed a public offering of 4,563,493 shares of its Class A common stock at $63.00 per share, generating gross proceeds of approximately $287.5 million. The funds will be used to enhance regulatory capital levels for Silvergate and its subsidiary, Silvergate Bank, and for general corporate purposes, including supporting growth initiatives and the Bank's SEN Leverage lending product. The offering was led by major underwriters including Goldman Sachs & Co. LLC and Canaccord Genuity.

Silvergate Capital Corporation has priced an underwritten public offering of 3,968,255 shares of Class A common stock at $63.00 per share, aiming for gross proceeds of approximately $250 million. The underwriters may purchase an additional 595,238 shares, potentially raising the total to $287.5 million. The funds will enhance regulatory capital levels and support growth initiatives, including the SEN Leverage lending product and digital asset services. The offering is set to close on January 26, 2021.

Silvergate Capital Corporation has launched an underwritten public offering of $200 million in Class A common stock, with a potential additional $30 million from underwriters. The funds are intended to bolster regulatory capital for Silvergate Bank and support various growth initiatives, including digital asset services. Goldman Sachs & Co. LLC and others are managing the offering. The offering follows an effective Registration Statement filed with the SEC, and further details will be provided in the preliminary prospectus supplement.

Silvergate Capital Corporation (NYSE:SI) reported strong financial results for Q4 2020, achieving a net income of $9.1 million ($0.47/share), up from $7.1 million in Q3 2020. The Silvergate Exchange Network (SEN) saw a remarkable 33% increase in transactions, totaling 90,763, and handled $59.2 billion in dollar transfers, a 62% rise. Full-year net income increased to $26 million, while digital currency deposits surged to $5 billion. Despite a growth in outstanding loan deferrals to 8.5%, risk-based capital ratios decreased. CEO Lane expressed optimism about growth opportunities, particularly in digital asset lending.

Silvergate Capital Corporation (NYSE:SI) will announce its fourth quarter and full year 2020 financial results on January 25, 2021, post-market closure. A conference call is scheduled for 5:00 p.m. (ET) that same day, accessible via phone or webcast. Silvergate, a commercial bank focused on the digital currency industry, has been profitable for 22 consecutive years. As of September 30, 2020, the Company reported total assets of $2.6 billion, total deposits of $2.3 billion, and total stockholders' equity of $284 million.

Silvergate Capital Corporation (NYSE:SI) announced the appointment of Jonathan Melton as director of digital asset lending. He will oversee the expansion of the SEN Leverage product, which allows customers to secure USD loans backed by bitcoin via the Silvergate Exchange Network. Melton previously held a key role at Xapo and has extensive experience from Morgan Stanley. The company emphasizes its commitment to enhancing capital efficiency for customers in the digital currency market.