We see this site see a great opportunity for MIAX PEARL to expand our customer base and for both MIAX Options and MIAX PEARL to provide innovative trading functionality across multiple market segments.” In other news, MIH today announced that it has recently closed on a $30 million debt financing from a New York City based hedge fund managed by Brevet Capital Management, LLC (Brevet). Under the terms of the agreement, MIH has the option to secure an additional $20 million in financing, provided certain conditions are met. MIH intends to use the proceeds from the financing for the operations of MIAX PEARL, including the regulation of MIAX PEARL, key equipment upgrades for MIAX Options, the migration of both the MIAX Options Disaster Recovery platform and the Primary and Secondary MIAX Options Trading System platforms, as well as for growth capital purposes. Sandler O’Neill + Partners, L.P. advised MIH in connection with this financing. “This financing provides us with the funds necessary to support the growth of our business and pursue other opportunities that may arise in the future,” said Mr. Gallagher. “Brevet’s willingness to finance us is an immense vote of confidence in our future growth, and we look forward to a mutually beneficial relationship with our new financing partner.” “Brevet is pleased to provide this financing to MIH at this important juncture in the company’s growth,” said Douglas Monticciolo, Chief Executive Officer, Chief Investment Officer, and Founder of Brevet. “We look forward to supporting MIH’s continued success as MIAX Options and MIAX PEARL establish themselves as two of the preeminent derivatives exchanges in the world.” For further information regarding MIAX Options, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com . Corporate Communications Contact: firstname.lastname@example.org About Brevet Brevet is a diversified alternative asset management firm that makes senior-secured, asset-based loans to private, middle-market and lower middle market companies.
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Karim Danial, 60, of Berea, died at MetroHealth following the crash that happened just before 10 a.m. in the southbound lanes near Spring Road, the Cuyahoga County Medical Examiner’s Office said. The 58-year-old man driving the water department vehicle drove onto the right shoulder and grass to avoid hitting a tire that fell off Daniel’s van, police said. Daniel’s van then rear-ended the water department vehicle, causing heavy front-end damage to Daniel’s van, police said. The driver in the water department vehicle suffered minor injuries. The crash closed the freeway’s right lane, resulting in delays while police investigated. If you’d like to discuss or comment on this story, visit our crime and courts comments section . Video of the Day
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