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Unlock Technologies Secures $280 Million Capital Commitment to Empower Homeowners with Innovative Home Equity Solutions

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2 years ago

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Company plans to introduce products, enhance technology platform, expand nationwide

TEMPE, Ariz., Sept. 3, 2024 /PRNewswire-PRWeb/ — Unlock Technologies (Unlock), a leading fintech company transforming the homeownership experience, today announced a significant strategic partnership with D2 Asset Management (D2). The agreement includes a $30 million Series B equity investment in Unlock and a $250 million capital commitment from D2 to support Unlock’s origination growth. Also participating in the Series B were Saluda Grade, Second Century Ventures and REACH, the venture and tech growth arm of the National Association of REALTORS®.

Unlock Technologies has experienced a staggering 98% year-over-year growth in homeowners choosing its innovative home equity agreement.

The infusion of capital comes at a time of tremendous growth for Unlock. The company has experienced a staggering 98% year-over-year growth in homeowners choosing its innovative home equity agreement (HEA). This surge in demand reflects the increasing macro need for flexible and accessible financial products that leverage the value of homeownership.

“We are thrilled to have the support of this group of investors,” said Jim Riccitelli, CEO of Unlock. “This funding validates our vision of democratizing home equity and empowering homeowners to achieve their financial goals. With this capital, we will accelerate our growth and continue to develop innovative solutions that unlock the true value of homeownership.”

The funding will be used to execute on Unlock’s growth strategy, centered around three core initiatives:

Expanded Product Offerings

Unlock plans to introduce a suite of innovative home equity solutions designed to meet the evolving needs of homeowners. This expansion will include tailored products for specific homeowner segments, such as prospective homebuyers, retirees, and those who do not qualify for traditional mortgages and home equity lines of credit. By diversifying its product offerings, Unlock aims to become the go-to platform for homeowners seeking flexible and accessible home equity solutions.

Enhanced Technology Platform

Leveraging the new funding, Unlock will significantly invest in its technology platform to deliver an unparalleled customer experience. This includes automating key processes, streamlining the homeowner journey and enhancing efficiency. Additionally, Unlock will focus on developing advanced data analytics capabilities to gain deeper insights into customer behavior and preferences, enabling the company to offer personalized recommendations and support.

Nationwide Expansion

Building upon its successful track record, Unlock is poised for rapid nationwide expansion. The company will strategically invest in marketing and brand awareness initiatives to establish a strong presence in new markets. By expanding its footprint, Unlock aims to reach a broader audience of homeowners and make its innovative home equity solutions accessible to more people across the country. This expansion will be supported by robust infrastructure, operational enhancements to ensure seamless service delivery in new regions, and continued adherence to applicable regulatory requirements.

Unlock’s HEA offers homeowners a meaningful way to access the equity in their home without the burdens of traditional loans. Homeowners can receive a lump sum of cash in exchange for a share of their home’s future value. There are no monthly payments, interest rates or the need to refinance.

“Unlock has exhibited exceptional leadership in creating innovative solutions to address critical challenges in today’s housing market,” said Luke Doramus, co-founder and managing partner of D2 Asset Management. “The home equity agreement has the potential to revolutionize how homeowners can tap into their home equity, and we are excited to make a significant commitment to support the Unlock team as they expand their business.”

An HEA provides homeowners with financial flexibility to address a variety of needs, such as home renovations, debt consolidation or funding major life events. Homeowners can unlock the potential of their home equity and achieve their financial goals without compromising their long-term financial stability.

Unlock is currently available in 14 states, with immediate plans to expand its reach to serve more homeowners nationwide.

Disclaimer:
This press release is for informational purposes only and is neither an offer to sell nor the solicitation of an offer to any for any other securities, and shall not constitute an offer, solicitation or sale. Any offers will be made only by means of a private offering memorandum.

Forward-looking statements:
Certain forward-looking statements and information have been obtained from, or are, based on or derived from, published and non-published sources and/or prepared by other parties, which in certain cases have not been updated through the date hereof. Such information is based, in part, on assumptions which have not been independently verified. While such information is believed to be reliable for the purpose used above, we cannot guarantee the accuracy of any such information or the reasonableness of any such assumptions. Unless specified, any views reflected are subject to change without notice. Unlock is not under any obligation to update or keep current the information referenced above. Certain information constitutes “forward-looking statements,” or statements of opinion or intention, which can be identified by the use of forward-looking terminology such as “may,” “can,” “will,” “would,” “should,” “seek,” “expect,” “anticipate,” “target,” “forecast,” “project,” “estimate,” “potential,” “intend,” “continue,” “plan” or “believe,” or the negatives thereof or other variations thereon, or comparable terminology.

About D2 Asset Management
D2 Asset Management, LP is a global investment firm specializing in credit, hybrid and special situation investments across real assets, specialty finance and structured credit. D2 provides innovative and flexible capital solutions across industries, markets, and cycles, with a focus on delivering consistent, attractive risk-adjusted returns.

About Unlock Technologies (http://www.unlock.com)  
Founded in 2020, Unlock Technologies is a Tempe, Arizona-based financial technology company providing products and services that help consumers solve financial challenges and improve their financial health. The company’s flagship product is its home equity agreement (HEA), a financing option for homeowners who want to access the equity they have built in their homes without taking out a loan. To date, Unlock has helped more than 10,000 homeowners in 16 states access their home equity. 

About Saluda Grade (http://www.saludagrade.com)
Saluda Grade is a synergistic and vertically integrated advisory and asset management platform focused on investments in the alternative non-bank lending sector, real estate debt and equity, and hard-assets sector. Headquartered in New York City, the firm was founded in 2019.

About Second Century Ventures and REACH (https://nar-reach.com/)
REACH is a unique technology scale-up program created by Second Century Ventures, the most active global fund in real estate technology. Backed by the National Association of Realtors®, REACH leverages the association’s 1.5 million members and an unparalleled network of executives within real estate and adjacent industries. The REACH program helps technology companies scale across the real estate vertical and its adjacent markets through education, mentorship and market exposure.

Media contact: Michael Micheletti, michael@unlock.com, 415-359-6985

Media Contact

Michael Micheletti, Unlock Technologies, 415-359-6985, michael@unlock.com, www.unlock.com 

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SOURCE Unlock Technologies

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BCE reports results of Series S and T preferred share conversions

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41 minutes ago

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October 19, 2026

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MONTRÉAL, Oct. 19, 2026 /CNW/ — BCE Inc. (TSX: BCE) (NYSE: BCE) today announced that 400 of its 4,798,333 fixed-rate Cumulative Redeemable First Preferred Shares, Series T (“Series T Preferred Shares”) have been tendered for conversion on November 2, 2026, on a one-for-one basis, into floating-rate Cumulative Redeemable First Preferred Shares, Series S (“Series S Preferred Shares”). In addition, 676,765 of its 1,866,877 Series S Preferred Shares have been tendered for conversion on November 2, 2026, on a one-for-one basis, into Series T Preferred Shares. Consequently, on November 2, 2026, BCE will have 5,474,698 Series T Preferred Shares and 1,190,512 Series S Preferred Shares issued and outstanding. The Series T Preferred Shares and the Series S Preferred Shares will continue to be listed on the Toronto Stock Exchange under the symbols BCE.PR.T and BCE.PR.S, respectively.

The Series T Preferred Shares will pay on a quarterly basis, for the five-year period beginning on November 2, 2026, as and when declared by the Board of Directors of BCE, a fixed cash dividend based on an annual fixed dividend rate of 5.523%.

The Series S Preferred Shares will continue to pay a monthly floating adjustable cash dividend for the five-year period beginning on November 2, 2026, as and when declared by the Board of Directors of BCE. The monthly floating adjustable dividend for any particular month will continue to be calculated based on the prime rate for such month and using the Designated Percentage for such month representing the sum of an adjustment factor (based on the market price of the Series S Preferred Shares in the preceding month) and the Designated Percentage for the preceding month.

About BCE
BCE is Canada’s largest communications company1, leading the way in advanced fibre and wireless networks, enterprise services and digital media. By delivering next-generation technology that leverages cloud-based and AI-driven solutions, we’re keeping customers connected, informed and entertained while enabling businesses to compete on the world stage. To learn more, please visit Bell.ca or BCE.ca.

1 Based on total revenue and total combined customer connections.

Media inquiries:
Ellen Murphy
media@bell.ca

Investor inquiries:
Krishna Somers
krishna.somers@bell.ca

View original content:https://www.prnewswire.com/news-releases/bce-reports-results-of-series-s-and-t-preferred-share-conversions-302913268.html

SOURCE BCE Inc.

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3M announces collaboration with GSEO to advance Expanded Beam Optical manufacturing and development

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2 hours ago

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October 19, 2026

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ST. PAUL, Minn., Oct. 19, 2026 /PRNewswire/ — 3M (NYSE: MMM) today announced a collaboration with Genius Electronic Optical Co., Ltd. (GSEO, Taiwan: 3406), an optical technology company, to advance technology development and manufacturing for 3M’s Expanded Beam Optical (EBO) solutions. In support of these efforts, 3M expects to make a strategic investment to acquire approximately 4.7% of GSEO’s common shares as part of the company’s private placement of newly issued shares, subject to customary closing conditions.

The collaboration brings together 3M’s EBO technology leadership, optical interconnect expertise, materials science, manufacturing scale and customer relationships with GSEO’s precision optics manufacturing capabilities and production scale. Together, the companies aim to support EBO commercialization and long-term capacity expansion to meet growing demand from hyperscale data centers and other advanced connectivity applications.

“3M is investing in capabilities and partnerships that can accelerate innovation for our customers,” said William Brown, 3M Chairman and CEO. “By selecting GSEO as a manufacturing partner and investing in the company, we are strengthening the path to scale next-generation optical connectivity solutions for high-performance data center infrastructure.”

GSEO’s existing precision optics manufacturing capabilities and technical development experience are expected to support manufacturing readiness for 3M’s EBO ferrules, co-packaged optics solutions and related optical interconnect applications. The collaboration is part of 3M’s broader EBO ecosystem strategy, which includes continued work with customers and partners across the optical interconnect market.

“GSEO is pleased to expand its relationship with 3M as we work together to advance optical interconnect solutions for next-generation data center infrastructure,” said Micro Kuo, GSEO CEO and President. “This collaboration brings together complementary technology and manufacturing strengths to support continued innovation and help meet the performance demands of high-growth connectivity markets.”

3M expects the strategic investment to close in the fourth quarter of 2026, subject to customary closing conditions.

Forward-Looking Statements
Certain statements in this release are considered “forward-looking statements” under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, and are intended to enjoy the protection of those laws. Forward-looking statements may appear throughout this release and are typically identified by the words “aim,” “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “evaluate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “impact,” “initial,” “intend,” “likely,” “may,” “outlook,” “plan,” “possible,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “strategy,” “target,” “will,” “would,” and other words that are similar to, or have the opposite meanings of, those words. Forward-looking statements speak only as of the date they are made, 3M assumes no duty to update those statements, and readers are cautioned not to place undue reliance on any of those statements. Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties, including those described in Part I, Item 1A, “Risk Factors” of 3M’s Form 10-K for the year ended December 31, 2025.

About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.

Contacts
3M
Investor Contact:
Diane Farrow, 612-202-2449
Media Contact:
3MNews@mmm.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/3m-announces-collaboration-with-gseo-to-advance-expanded-beam-optical-manufacturing-and-development-302913170.html

SOURCE 3M Company

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Scott Vicknair Personal Injury Lawyers Announces Second Annual Operation Fur-Ever Home Pet Adoption Event at Lafreniere Park

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October 19, 2026

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NEW ORLEANS, Oct. 19, 2026 /PRNewswire/ — Scott Vicknair Personal Injury Lawyers is excited to announce the return of its second annual Operation Fur-Ever Home, a free community pet adoption event taking place on Saturday, November 14, 2026, from 9:00 a.m. to 11:00 a.m. at Lafreniere Park in Metairie, Louisiana.

The free, family-friendly event will give attendees the opportunity to meet adoptable pets from local animal shelters, learn about responsible pet ownership, and potentially welcome a new furry companion into their homes. Those who preregister for the event will also be entered for a chance to win a Soundcore speaker and a free pet adoption.

“Last year’s event was everything we hoped it would be, and we are incredibly excited to bring Operation Fur-Ever Home back for a second year,” said David Vicknair, founding partner of Scott Vicknair Personal Injury Lawyers. “There is something special about watching a family meet a pet that could become part of their lives for years to come. We wanted to create another opportunity to make those connections while supporting the organizations that work tirelessly to care for animals in our community.”

Building on the success of the first event, this year’s event continues the firm’s commitment to supporting local animal shelters and creating meaningful opportunities for families throughout Southeast Louisiana.

“Giving back to our community has always been an important part of who we are as a firm,” said Vicknair. “Whether we are helping students prepare for school, recognizing deserving teachers, or supporting local animal shelters, our goal is to make a positive difference in the communities we serve.”

Operation Fur-Ever Home is free and open to the public. Families, animal lovers, and anyone interested in adopting a pet are encouraged to attend and preregister.

About Scott Vicknair Personal Injury Lawyers

Scott Vicknair Personal Injury Lawyers is a New Orleans-based personal injury firm committed to providing exceptional legal representation while also investing in the communities it serves. Their experienced team of dedicated attorneys specializes in car accidents, personal injury, and wrongful death cases in New Orleans. With diverse personal and professional backgrounds, they craft legal strategies tailored to each client’s specific case and needs.

View original content:https://www.prnewswire.com/news-releases/scott-vicknair-personal-injury-lawyers-announces-second-annual-operation-fur-ever-home-pet-adoption-event-at-lafreniere-park-302913183.html

SOURCE Scott Vicknair Personal Injury Lawyers

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