Top Financing News

The Recap

The best information on capital raises and financing activity in under 5 minutes:

• PLBY Group, Inc. (NASDAQ: PLBY), which owns the Playboy brand, announces a strategic partnership and a $22.35M equity investment from the online entertainment company Byborg Enterprises SA.

• Arbe Robotics Ltd.(NASDAQ:ARBE), known for its perception radar solutions, has announced a $15 million public offering.

• Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) announces a best efforts private placement for up to $15 million for exploration of its Quiulacocha Tailings Project.

PLBY Group announced a strategic partnership and a $22.35 million equity investment from the online entertainment company Byborg Enterprises SA. Concurrently, Byborg and PLBY Group signed a non-binding letter of intent to negotiate a partnership for licensing and operating certain Playboy digital assets, with a focus on creating new revenue streams like AI services and webcam products. The deal includes $300 million in guaranteed payments over 15 years, plus a performance-based profit share, with final agreements expected by year-end. Earlier this year PLBY Group rejected a $100 million buyout bid Led by Hugh Hefner’s Son, Cooper Hefner.

Arbe Robotics’ offering is set at a combined price of $1.82 per share and warrant, with the potential to bring in approximately $15 million in gross proceeds before expenses. Arbe, based in Tel Aviv with a global presence in China, Germany, and the U.S., leads in radar technology for autonomous vehicles. Its high-resolution radar systems are widely recognized for advancing the journey toward fully autonomous driving. The advancement of the robotics industry continues to be a focal point in the market and we expect capital to continue to flow into the sector throughout the remainder of 2024 into 2025.

Cerro de Pasco Resources announces a best efforts private placement for up to $15 million for exploration of its Quiulacocha Tailings Project. The company is focused on the development of its principal 100% owned asset, the El Metalurgista mining concession, comprising silver-rich mineral tailings and stockpiles extracted over a century of operation from the Cerro de Pasco open pit mine in Central Peru. The company’s approach at El Metalurgista entails the reprocessing and environmental remediation of mining waste and the creation of numerous opportunities in a circular economy. Cerro de Pasco has stated that this asset is one of the world’s largest above-ground resources.

Weekly Money Moves

Lead Investors

• Ørsted: $2,257,071,405 | Renewable Energy | Lead Investor: Brookfield Asset Management

• Globalstar: $400,000,000 | Telecom | Lead Investor: Apple

• Hexagon Purus: $91,251,075 | Renewable Energy | Lead Investor: Hexagon Composites

• Sirius XM: $60,000,000 | Radio | Lead Investor: Berkshire Hathaway

• Archer Well Company: $50,000,000 | Energy | Lead Investor: Paratus Energy

• SRT Marine Systems PLC: $31,000,000 | Software | Lead Investor: Ocean Infinity

• PLBY Group: $22,350,000 | Lifestyle | Lead Investor: Byborg Enterprises

• Cerro De Pasco Resources: $7,197,533 | Mining | Lead Investor: SCP Resource Finance

• First Nordic Metals: $7,192,977 | Mining | Lead Investor: Haywood Securities Inc.

• Argentina Lithium & Energy: $2,519,136 | Mining | Lead Investor: Red Cloud Securities

Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]