Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced that the Company and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”) is pleased to announce the addition of Joe Shearin as President, Greater Richmond Market. Joe will lead First Bank’s strategic efforts across Richmond, Southside Virginia, and northern North Carolina.

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that Ares Credit funds served as the administrative agent on $300 million in incremental debt financing for Tempus AI, Inc. (NASDAQ: TEM) (“Tempus”), a technology company leading the adoption of AI to advance precision medicine and patient care.

eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America, has closed a $5 million factoring facility for a technology-driven automation company serving energy producers. Headquartered in Indiana, the company sought financing to improve cash flow, enhance operational efficiencies, and scale efficiently amid changing market demands.

Tiger Group sale features used and new audiovisual products and other excess assets of Solotech’s Southern California depot.

Encina Lender Finance, LLC (“ELF”) announced today a $75 million senior credit facility to a fast-growing fintech to support growth of its corporate charge card program. The facility is secured by a highly diversified pool of small balance, short-duration corporate charge card receivables.

The Freakonomics Radio Network (FRN) turned to Tiger Group for insights into “the going-out-of-business business.” Spurred by a spike in retail liquidations, FRN’s “The Economics of Everyday Things” podcast quizzed Tiger Group Executive Managing Director Bradley W. Snyder about what it takes to run an effective going-out-of-business sale.

Mayer Brown is pleased to announce that Chad Richards has joined the firm’s Washington DC office as a partner in the Global Energy group. He joins from Kirkland & Ellis LLP.

Leading global professional services firm Alvarez & Marsal (A&M) announces the appointment of Anthony Italiano as Managing Director and Co-leader of its Broker-Dealer Investigations & Compliance practice within the firm’s Disputes and Investigations (DI) group. Co-leading the Broker-Dealer practice, alongside Managing Director Christopher Chatfield, Mr. Italiano’s hire builds on the practice’s October 2024 launch and bolsters its senior talent bench strength, capabilities and offerings.

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Carle Felton has joined as a Managing Director in its Capital Markets Group. Mr. Felton is based in Atlanta and will further strengthen the firm’s private capital financing capabilities for its global client base.

With more than $80 billion in assets, Western Alliance Bancorporation is one of the country's top-performing banking companies. Its primary subsidiary, Western Alliance Bank, Member FDIC, offers a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by banking and mortgage experts who put customers first.

Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of ICV Partners' ("ICV") investment in Environmental Remedies, LLC ("ERI" or the "Company"), a leading asbestos abatement service provider in the State of California.

FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today closed a new Asset-Based Lending (“ABL”) credit facility with Bank of America.

Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it has amended and extended its credit facilities with The Toronto-Dominion Bank effective February 18, 2025. The maturity date for the credit facilities has been extended from December 19, 2026 to February 18, 2030.

Batesville-based Citizens Bank has announced the promotion of Josh Baker as city president for the Central Arkansas market.

Baker Botts L.L.P., a leading international energy, technology, and life sciences law firm, announced today that Sanjay Thapar, a highly regarded finance attorney has joined the firm as a partner in its Corporate Practice based in New York. Sanjay’s arrival enhances Baker Botts’ deep and growing finance practice, particularly in the areas of liability management transactions, private credit, and acquisition financings.

Cambridge Savings Bank (“CSB”), a full-service mutual bank with a customer-first approach and $7 billion in assets, today announced that its Asset-Based Lending (“ABL”) team has provided a $10MM revolving line of credit to Belle Brands, a portfolio of personal care companies of Windsong Global and a small group of co-investors.

b1BANK, announces the appointment of Senna Bayasgalan as chief marketing officer. Bayasgalan will lead brand and marketing technology initiatives to support the banks’ growth and deepen client relationships. Bayasgalan has over 16 years of experience in marketing leadership, international brand building, communications and customer acquisition across private capital, technology and media industries.

Assembled Brands Capital announces the appointment of Kunal Kohli as Managing Director, Head of Revenue. In this role, Kunal will lead the firm’s revenue strategy, business development, and expansion of its asset-based lending portfolio, with a focus on client engagement, pipeline management, and optimizing lending practices to support sustainable advancement.

Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it has entered into an agreement for up to $20 million and closed on the initial tranche of $16.5 Million in debt financing with The Lind Partners, a New York based institutional fund manager (“Lind”).