Blend Labs Announces Strategic Partnership with Haveli Investments, including $150 Million Investment
Blend Labs, Inc. Class A (BLND)
Company Research
Source: Business Wire
Brian Sheth, Haveli’s Chief Investment Officer, to Join Blend’s Board SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), (“Blend” or the “Company”), a leading provider of cloud banking services, and Haveli Investments (“Haveli”), a technology-focused private equity firm, today announced a $150 million investment in the Company by Haveli Investments in the form of convertible preferred stock with a zero percent coupon. Blend will use approximately $145 million of the proceeds to repay all amounts payable under its existing credit agreement, and the remainder for general corporate purposes. This investment further strengthens Blend’s financial position and balance sheet for long-term growth and value creation.“This partnership with Haveli reflects confidence in Blend’s continued journey to transform financial services and is an important show of faith in our growth strategy,” said Nima Ghamsari, Co-founder and Head of Blend. “We look forward to working with Haveli to adva
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BLND
News
- Blend Labs, Inc. (NYSE: BLND) had its price target raised by analysts at Keefe, Bruyette & Woods from $2.65 to $3.00. They now have a "market perform" rating on the stock.MarketBeat
- Blend Labs, Inc. (NYSE: BLND) had its "hold" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $3.00 price target on the stock.MarketBeat
- Blend Labs (BLND) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Blend Labs: Q1 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
- Blend Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
BLND
Earnings
- 5/8/24 - Beat
BLND
Sec Filings
- 5/15/24 - Form 4
- 5/14/24 - Form 4
- 5/13/24 - Form 144
- BLND's page on the SEC website