U.S. Securities & Exchange Commission
West Memphis Company Raises $4M in Private Equity Placement
GLWM Medicinal Investment Co. LLC in West Memphis raised $3.93M through private equity. Tied to Greenlight Dispensary, it likely focuses on medical marijuana. read more >
French Hill Talks Blockchain Legislation on Two Podcasts
Looking ahead to the 2024 elections, Hill said a Republican administration will “lean more favorably” toward the industry, but that regardless of the outcome, crypto will move forward. read more >
by Chloe McGehee -
Tempus Realty Partners Raises $20M Equity for Industrial Property Deals
The properties are in North Charleston, South Carolina; Knoxville, Tennessee; and Lafayette, Indiana. read more >
Canoo Drops Arkansas From Operations List
A research and development hub in Fayetteville never got past planning and the company “never pulled the trigger” on its plans to move to Bentonville, a company official said. read more >
by Kyle Massey -
Canoo Warehouse in Bentonville Available for Sublease
Electric vehicle manufacturer Canoo Technologies may not be moving to Arkansas, but it has a vast new warehouse to sublease in Bentonville. read more >
Dillard’s Proxy Statement Reveals Executive Deals
In its latest proxy on April 5, the Little Rock department store chain reported that in Dillard’s fiscal 2023, Stephens Insurance LLC of Little Rock received about $1.4 million in commissions related to the sale of voluntary insurance products to Dillard’s workers. read more >
Merger in the Making? ArcBest Proposal Fuels Buzz
One of the proposals scheduled for a shareholders vote on April 26 was a change in the voting threshold for matters including the sale or merger of the company. read more >
by Marty Cook -
US Charges 8 in Social Media ‘Pump-And-Dump’ Stock Scheme
The Justice Department said the defendants showcased their "extravagant lifestyles" to fool others into thinking they were skilled stock traders. read more >
by Associated Press -
Texarkana Tech Company Raising Nearly $3M for Online Training Service
Vertical Main Street Partners LP has already raised $685,000, with $2.1 million to go for marketing and the hiring of independent contractors. read more >
Abaca Lands $1.35M Investment
The company will use the money to “keep fueling our national expansion,” said CEO Dan Roda. read more >
Stephens Draws Insurance Commission from Dillard’s
Dillard’s annual proxy statement provides financial details about some transactions it has with executive officers, directors and others, according to U.S. Securities & Exchange Commission rules. read more >
Infinite Enzymes Raises $5.2M
The Jonesboro biotechnology company's SEC report says it has 39 investors. read more >
Investments List Includes Banks, Tech, Farming
With $30.1 million raised, Tempus USF LLC of Little Rock tops Arkansas Business’ list of the largest private investment offerings ranked by total investment amount sold. read more >
by Mark Friedman -
Auditors Reap Praise From Both Sides of the Fence
For publicly traded companies, an independent auditor can be a valuable resource as a fresh set of eyes on the company’s financials. read more >
by Marty Cook -
Rush Harding Cruises to Bank OZK
Rush Harding, a name long synonymous with the Crews & Associates bond brokerage in Little Rock that is owned by First Security Bancorp of Searcy, is now working for Bank OZK. read more >
RIA That Lost Client Falls as Others Rise
The pandemic years have been good for registered investment advisors, with most of the top RIAs based in Arkansas posting increased assets under management since Arkansas Business’ last list of money managers appeared a year ago. read more >
by Gwen Moritz -
SEC Penalizes Crews, Former CEO Harding for Conflict in Bond Deal
The U.S. Securities & Exchange Commission assesses a penalty against Crews & Associates of Little Rock and its former CEO, Rush F. Harding III, for "unfair dealing" in a West Virginia municipal bond tender offer. read more >
by Gwen Moritz -
AcreTrader Raises $10.3M
Farmland investing platform AcreTrader of Fayetteville has recently raised $10.3 million, according to filings this month with the U.S. Securities & Exchange Commission. read more >
Top Private Offerings in Arkansas Range From Coffee to Farms
With $561.7 million raised, Westrock Coffee Holdings LLC of Little Rock tops Arkansas Business’ inaugural list of the largest private investment offerings ranked by total investment amount sold. read more >
by Mark Friedman -
One More Thing to Worry About (Gwen Moritz Editor’s Note)
As parents, we all want to equip our children with the emotional tools to deal constructively with stressful situations, but who among us would have thought that a college student could be holding in his hand inescapable proof that he accidentally owed three-quarters of a million dollars? read more >
by Gwen Moritz -