Valiant Eagle Inc. (OTC:PSRU) Stock On Watchlist Following Latest Update
There are a number of companies that investors are going to look into this morning in light of the announcements that may have been made recently. One of the companies to have come into the news cycle recently was Valiant Eagle Inc. (OTC:PSRU), which made a key announcement on September 30, 2023.
The company announced that it had entered into an investment banking agreement with a major Wall Street investment banking firm. The investment banking firm would help Valiant Eagle with sourcing capital and with its acquisition strategy. The name of the powerhouse investment bank, which had not been revealed, had been established in the early 1980s and currently operates in the capacity of a full-service broker-dealer. At this point, it boasts about 150 retail brokers spread across its ten offices on the East Coast. The company retained the services of the bank in the capacity of a placement agent and financial advisor for a maximum of media and entertainment investments and acquisitions to the tune of $100 million.
It was further noted in the news release that Valiant Eagle would need to fulfill a range of terms and conditions, which it believes are attainable. The media and entertainment industry is growing at an impressive rate. As per statistics from Statistica, the expected revenues at a global level for the sector in 2022 were $29.35 billion. The industry is expected to be valued at $40.74 billion by the year 2026, which would work out to a CAGR of 7.41%. Xavier Mitchell, who is the Chief Executive Officer and Chairman of Valiant Eagle, spoke about the development.
He noted that everyone at the company was pleased to have established a relationship with a prestigious Wall Street firm. He noted that it was also a validation of the company’s business plan. He went on to state that, thanks to the expertise of the investment bank, the growth rate of the company would be accelerated as well.
The company has become a force to be reckoned with in the media and entertainment space in recent times. On September 21, it hit the news cycle after it announced that it had entered into a key partnership with the well-known visionary and financial leader, Dr. Lance McCarthy. McCarthy boasts a track record that spans across a range of industries. The company noted in its news release that the partnership was a significant moment for Valiant Eagle.
By way of the partnership, it would be possible for the company to benefit from the significant expertise and wealth of experience possessed by McCarthy in the realm of capital raising. The company wishes to be at the forefront of the media and entertainment space, and in order to accomplish that, it would need ready access to capital. Throughout the course of his distinguished career, McCarthy held important roles. One of those was being an advisor at the White House Trust Force. Additionally, he had also served in the capacity of a lecturer at Harvard University.
