mgm casino slots ORLANDO, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus” or the "Company”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in leveraging longevity and actuarial technology to offer uncorrelated investment opportunities, today announced the commencement of an underwritten public offering of 12,500,000 shares of its common stock, including 10,000,000 shares of common stock to be sold by the Company and 2,500,000 to be sold by certain stockholders of the Company (the "Selling Stockholders”). The Company and the Selling Stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock from the Company and up to an additional 375,000 shares of common stock from the Selling Stockholders. Abacus intends to use net proceeds of the primary portion of the offering for its operations, including the purchase of life settlement policies, to support its overall business strategy, for working capital purposes, and for general corporate purposes, which may include funding previously announced and future acquisitions and repayment and refinancing of its indebtedness. Abacus will receive no proceeds from the secondary portion of the offering. The offering is subject to general market conditions, and there can be no assurances as to whether or when the offering may be completed, or as to the size or terms of the offering. Piper Sandler & Co., TD Securities (USA) LLC, KKR Capital Markets LLC, B. Riley Securities, Inc. and SG Americas Securities, LLC are acting as joint book-running managers and representatives of the underwriters of the proposed offering. The registration statements on Form S-3 (including the accompanying prospectuses for each registration statement) relating to the proposed offering have been filed with the Securities and Exchange Commission (the "SEC”) and became effective on November 14, 2024. Copies of the prospectus supplements relating to the offering, when filed, may be obtained on the SEC's website located at https://www.sec.gov. When available, copies of the prospectus supplements related to the offering may also be obtained from: Piper Sandler & Co. by mail at 1251 Avenue of the Americas, 6th Floor, New York, NY 10020 or by email at [email protected] ; TD Securities (USA) LLC by mail at 1 Vanderbilt Avenue, New York, NY 10017, by telephone at (855) 495-9846 or by email at [email protected] ; KKR Capital Markets LLC by mail at 30 Hudson Yards, 75th Floor, New York, NY 10001, Attention: Prospectus Delivery; B. Riley Securities, Inc. by mail at 1300 17th Street North, Suite 1300, Arlington, VA 22209, by telephone at (703) 312-9580 or by email at [email protected] ; or SG Americas Securities, LLC by mail at 245 Park Avenue, New York, NY 10167 or by email at [email protected] . The final terms of the offering will be disclosed in the final prospectus supplements to be filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of the Company's common stock or any other securities, nor shall there be any sale of such shares of common stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any offers, solicitations or offers to buys, or any sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended. About Abacus Abacus is a pioneering global alternative asset manager and market maker specializing in uncorrelated financial products. The Company leverages its longevity data and actuarial technology to purchase life insurance policies from consumers seeking liquidity. This creates a high-return asset class uncorrelated to market fluctuations for institutional investors. With nearly $3 billion in assets under management, including pending acquisitions, Abacus is the only publicly traded global alternative asset manager focused on lifespan-based financial products. Forward Looking Statements All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding the proposed offering, including the expected closing of the proposed offering; Abacus's financial and operational outlook; Abacus's operational and financial strategies, including planned growth initiatives and the benefits thereof, Abacus's ability to successfully effect those strategies, and the expected results therefrom. These forward-looking statements generally are identified by the words "believe,” "project,” "estimate,” "expect,” ‎‎”intend,” "anticipate,” "goals,” "prospects,” "will,” "would,” "will continue,” "will likely result,” and similar expressions (including the negative versions of such words or expressions). While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the ‎fact that Abacus's loss reserves are bases on estimates and may be inadequate to cover ‎its actual losses; the failure to properly price Abacus's insurance policies; the ‎geographic concentration of Abacus's business; the cyclical nature of Abacus's industry; the ‎impact of regulation on Abacus's business; the effects of competition on Abacus's business; the failure of ‎Abacus's relationships with independent agencies; the failure to meet Abacus's investment ‎objectives; the inability to raise capital on favorable terms or at all; the ‎effects of acts of terrorism; and the effectiveness of Abacus's control environment, including the identification of control deficiencies. These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with ‎the SEC from time to time, including the Annual ‎Report on Form 10-K, as amended, and Quarterly Reports on Form 10-Q and subsequent ‎periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance on the ‎forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations. Contacts: Robert Phillips - SVP Investor Relations [email protected] (321) 290-1198 David Jackson - IR/Capital Markets Associate [email protected] (321) 299-0716 Abacus Life Public Relations [email protected]

That is until one fateful day when Lin Jing’en was spotted at a convenience store, desperate and unkempt, pleading with the store clerk for food. Witnesses described her as disheveled and gaunt, a far cry from the glamorous image she once projected.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . > Philadelphia news 24/7: Watch NBC10 free wherever you are Nvidia shares fall after China opens investigation Shares of artificial intelligence darling Nvidia were under pressure after a regulator in China said it was investigating the chipmaker over possible violations of the country's antimonopoly law. This investigation was in relation to Nvidia's 2020 acquisition of Israeli firm Mellanox and some agreements made during the acquisition, the Chinese government said Monday. Oracle falls after missing earnings forecast Oracle shares slid 7% in extended trading on Monday after the database software company reported fiscal second-quarter results that fell short of analysts' estimates and issued revenue guidance that was weaker-than-expected. Revenue during the September quarter came in at $14.06 billion, compared to the $14.1 billion expected, while earnings per share was at $1.47, compared to forecasts of $1.48. 26-year-old detained by police in connection with fatal shooting of UnitedHealthcare CEO University of Pennsylvania graduate Luigi Mangione was detained by police as a "strong person of interest" in the killing of UnitedHealthcare CEO Brian Thompson after police found him carrying a pistol, a silencer, a mask and fake identification cards. Mangione had in his possession a suspected "ghost gun" — which lacks a serial member — capable of firing 9 mm rounds, authorities said. Markets retreat from record highs The S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares lagging. The tech-heavy Nasdaq shed 0.62%, while the S&P fell 0.61%. The Dow Jones Industrial Average declined by 0.54%. Over in Europe, the pan-European Stoxx 600 closed higher for an eighth straight session, marking its longest winning streak since May. [PRO] Investing in mid-caps may be the way to go in 2025 Mid-cap stocks could be the sweet spot for investors in 2025, having been outperforming recently. Many investors expect further gains for mid-caps, which offer better quality businesses than small-caps, as well as stronger growth prospects than large-caps. Technology stocks have underpinned the impressive rally in US stocks this year. But they are not immune from the laws of gravity. Monday's session saw large technology stocks underperform the broader market. Oracle missed forecasts and AMD was downgraded by Bank of America . But perhaps the biggest news of the day concerned Nvidia, whose shares have surged an astounding 188% this year. China's State Administration for Market Regulation opened an investigation into the chipmaker in relation to the acquisition of Mellanox and some agreements made during the acquisition. The news prompted Nvidia's shares to fall 2.6% overnight. The development suggests that while the year is ending, the fight for tech dominance around the world may just be intensifying. Competition between the U.S. and China over chipmaking is rising, with the Biden administration on Dec. 2 announcing a slew of curbs targeting semiconductor toolmakers. China then retaliated by banning exports of critical minerals such as gallium, and on the same day, four of the country's top industry associations said Chinese companies should be wary of buying U.S. chips as they were "no longer safe" and buy locally instead. Previous trade skirmishes have centered on areas such as metals, farm products, and automobiles. With a tougher stance on China expected from the incoming Trump administration, could the next trade war instead be focused around chips, which arguably have permeated every facet of our lives? — CNBC's Samantha Subin contributed to this report.

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