Apr 24, 2024 (24/7 Market News via COMTEX) --
DENVER, Colo., Apr 23, 2024 (247marketnews.com)- Brera Holding (NASDAQ:BREA), NewGenIvf Group (NASDAQ:NIVF), AGBA Group Holding Limited (NASDAQ:AGBA), Smart for Life, Inc. (Nasdaq:SMFL), and Virgin Galactic Holdings, Inc. (NYSE:SPCE)
Brera Holding (NASDAQ:BREA) $1.49 +0.21 (+16.41%) responded to European media reports and Italian fan site posts stating that the Company is actively negotiating to purchase an Italian professional football (soccer) club.
24/7 Market News interviewed famed Investment Banker, Daniel McClory, who took a large position in Brera.
24/7- It appears that you beat everybody to the punch, concerning multi club professional sports team ownership via the public markets. What inspired you to move forward with Brera Holdings?
DM- While I'm passionate about sports, this is a business and the industry has a lot of unrealized upside, so I'm motivated by the economic fundamentals and I think that Brera Holdings is in the right place at the right time. Listing on Nasdaq as the first Italian football team to do so very early in Brera's development of the MCO model created the publicly-traded platform to execute on all our other acquisitions, including our current focus on acquiring a Serie B club.
24/7- over the past week or two, I've seen Brera's name mentioned in increasing Italian Media and club fan site reports. How is that progressing and why pick a Serie B club?
While I'm unable to provide any specifics, at this time, I'm more than happy to comment on Italian football's rich history and culture. Italian professional football tends to be among the best and it's experiencing a tremendous upswing, as its Serie A already secured one of the two additional UEFA Champions League spots. Serie B is a very strong and desirable league, but developing a Serie B club that's capable of earning a Serie A promotion is our goal.
24/7- Speaking of landing the first punch, professional sport team ownership is in the midst of a financial sector Renaissance and leading investment banks, like Goldman Sachs and JP Morgan, established professional sports specific investment banking divisions. How will those moves affect the sports ownership and investment market and how do you plan to stay at the tip of the spear?
DM- The sports industry's economic impact is already substantial, but it's still growing, so it makes sense for these iconic investment banks to make their move.
As long as we remain true to our mission, democratizing the pro sport ownership opportunity for masses of Nasdaq investors, we should remain ahead of the curve, on many of our initiatives, and, frankly speaking, we plan to slide into the slipstream of some of the significant tailwinds that they're going to produce, but look for Brera to find and exploit valuation arbitrages every day.
24/7- Deloitte, a leading consultancy firm, predicts that high-value sports properties will reach unprecedented valuations this year, with institutional investors keenly eyeing the industry for potential opportunities. What will it take for the masses to recognize these opportunities that have already captured the attention of many internationally recognized billionaires?
DM- I agree with their take and I'm sure that the projected explosion in interest is factored in their industry predications. Plus, professional sports are one of the most effective avenues for product marketing and sponsorships, which adds fuel to that fire, but I believe that the masses have already taken note and we're providing an option for this expanding market.
24/7- What changes would you implement over the next year or two for Brera Holdings?
DM- We're going to continue to push forward with our plan to acquire sports clubs that we believe have significant economic upside and strengthen our MCO strategy, but I think that one of our most important missions for the next two years is to capitalize on the unique convergence of events that should drive soccer's popularity to the next level, especially in the US.
The Wrexham television series is attracting casual fans and providing a little background into the international professional soccer business, but that's going to pale in comparison with what's just around the corner. The US will be the epicenter of the football world, by hosting the 2024 Copa America, the 2025 FIFA Club World Cup, and the 2026 FIFA World Cup, which the experts project will explode the sport's popularity.
Brera Advisory Board member Alan Rothenberg was in charge of the US hosting of the 1994 World Cup, which is widely considered to be the most successful ever, but this one could outdo that.
Considering that one of our key goals is to turn the growing fan base into our supporters and new stakeholders, I couldn't think of a better set of upcoming market drivers.
NewGenIvf Group (NASDAQ:NIVF) $2.57 +1.29 (+100.78%) continues to move after reporting that it's executing a non-binding term sheet regarding a proposed reverse merger with European Wellness Investment Holdings Limited, in which NewGen will issue 53,600,000 of its ordinary shares to EWIHL shareholders in exchange for 100% equity interest of EWIHL, at a deemed price per share of US$5, representing an aggregate amount of US$268,000,000. Simultaneously, it is proposed that NewGen raise US$30 million from public or private shareholders, in a form mutually acceptable to both NewGen and EWIHL.
"I am thrilled to announce the signing of a non-binding term sheet with EWIHL, a leading healthcare company. The proposed reverse merger will bolster our position in several key ways. Operationally, it will unlock significant synergies, expand our global reach, and help us to further improve fertility outcomes for our customers. Financially, with the acquisition of a profitable business and a US$30 million fundraising, we will be well-equipped to fund our future growth. Moreover, the issuance of additional ordinary shares will increase our market capitalization, ensuring higher trading liquidity. Finally, I believe that the deemed price of US$5 per share confirms that our current share price is undervalued compared to the long-term fair valuation of the company," stated Siu Wing Fung Alfred, Founder, Chairman, and CEO of NewGen.
MoBot alerted NewGenIvf yesterday morning at $1.041 and multiple times since. It crossed $2.50 today. Please go to www.247marketnews.com to sign up for free MoBot alerts and view Mobot's real time data
AGBA Group Holding Limited (NASDAQ:AGBA) $2.34 -0.16 (-6.40%) has been very active since announcing, last week, it agreed with Triller Corp to combine and create a proposed business combination that will result in a valuation of approximately $4 billion on a pro-forma basis.
Bobby Sarnevesht, Thiller's CEO, stated, "Through this merger, we are poised to accelerate our innovation trajectory and significantly expand our market presence, creating unparalleled value for our users and stakeholders globally. In addition, with the transaction approved by both company boards and majority shareholders, we believe this is the most efficient route for Triller to access public capital markets and secure the liquidity needed for rapid growth. Triller’s Digital Media, Social Selling, AI, Combat Sports, and SaaS businesses have experienced tremendous growth, and this merger positions Triller to achieve new milestones."
Wing-Fai Ng, Group President of AGBA Group Holding, said, "With a rich history of setting records and making bold moves, we believe Triller is now on the brink of an exciting future. Its groundbreaking technology, coupled with an aggressive and strategic business model, positions it not just as a formidable competitor to tech giants but as a potential game-changer in the industry. AGBA’s expertise in capitalizing on financial value from complex developments and rapid growth will provide the fuel for Triller's rocket ships. Together, we have a lot to accomplish."
MoBot alerted AGBA Group (NASDAQ: AGBA) on Thursday morning, at $1.082 and multiple times since, including this morning at $1.52. $AGBA traded over $2 today.
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Smart for Life, Inc. (Nasdaq:SMFL) $5.0976 +0.7476 (+17.19%) most recently announced today that it appointed Heather Granato, a 30-year veteran of the nutraceutical industry, to the Company's Board of Directors and released a corporate video.
"Heather Granato brings decades of nutraceutical industry experience, a career in journalistic outreach, content creation and marketing initiatives to Smart for Life and our Board of Directors," commented Darren Minton, CEO of Smart for Life. "Having been recently appointed to our team of advisors, we were extremely impressed with Heather's strong credentials and impact on our organization in relatively short order. The significant depth and reach of her contacts and relationships in the industry has already started to play a major role in business development as well as future acquisition opportunities. I have no doubt she will be a tremendous asset as she deploys her unique background and perspective to the Board of Directors at Smart for Life."
Virgin Galactic Holdings, Inc. (NYSE:SPCE) $0.8831 +0.1312 (+17.45%) most recently announced that the Compensation Committee of Virgin Galactic's Board of Directors approved the grant of time-based inducement restricted stock unit awards of 23,946 shares of Virgin Galactic common stock to one new non-executive employee, which was granted under Virgin Galactic's 2023 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Virgin Galactic. The restricted stock unit award will vest over a four-year period at a rate of 25% of the underlying shares on each anniversary of the grant date.
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COMTEX_451345552/2900/2024-04-24T11:16:24
