Westaim Corp V.WED

Alternate Symbol(s): WEDXF

Financial Services Asset Management

The Westaim Corporation is a Canadian investment company specializing in providing long-term capital to businesses operating primarily within the global financial services industry. The Company invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Arena and the Arena FINCOs. The Arena FINCOs are private companies which include specialty finance companies that primarily purchase fundamental-based, asset-oriented credit and other investments for their own account. Arena consists of two main business lines: Arena Investors and Arena Institutional Services (AIS). Arena Investors operates as an investment manager.

TSXV:WED - Post by User

Westaim Corp > Charge Enterprises

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Comment by Tim2Agamion May 03, 2024 5:23pm

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Post# 36022589

RE:Charge Enterprises

enjoytheride wrote: Arena could end up owning Charge Enterprises once it emerges fro Chapter 11.
https://dm.epiq11.com/case/cej/dockets/5,%207,%208,%209,%2051,%2053,%2054,%2055,%2059,%2066

And so it came to pass

NEW YORK, May 3, 2024 /PRNewswire/ -- Arena Investors, LP (and its affiliates, collectively, "Arena"), a global institutional asset manager with approximately $3.5 billion of invested and committed assets under management, today announced that it has recapitalized Charge Enterprises, Inc. (NASDAQ: CRGE) ("Charge" or the "Company"), a leading electric vehicle (EV) charging and broadband infrastructure company. As the new majority equity owner of Charge, Arena and its affiliates will provide strategic, financial, and operational resources to support the Company's continued growth

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