Capital markets veteran and Fox Business contributor joins Newbridge’s Investment Banking Department out of the Black River Management Ltd. branch office
MORRISTOWN, N.J. – Newbridge Securities Corporation (“Newbridge”), announced the appointment of Lou Basenese as Managing Director, Investment Banking and Chief Market Strategist. Basenese will work through Newbridge’s Investment Banking Department and will be based out of the Black River Management Ltd. branch office in Morristown, New Jersey.
Basenese brings 25 years of experience across public and private markets, institutional investment consulting, equity analysis, corporate strategy, investment banking, and investor communications. He is also a nationally recognized financial market commentator and Fox Business contributor.
“We are pleased to welcome Lou to Newbridge,” said Thomas J. Casolaro, Co-CEO and Chairman. “His extensive capital markets experience, strong industry relationships, and nationally recognized market perspective will be valuable as we continue expanding our investment banking capabilities. Lou’s appointment reflects our commitment to attracting experienced professionals who can create meaningful opportunities for our clients and the firm.”
In his role with Newbridge’s Investment Banking Department, Basenese will assist in originating and evaluating investment banking opportunities, advising public and private companies on capital formation and market positioning, and developing institutional investor relationships.
As Chief Market Strategist, Basenese will also provide market intelligence, macroeconomic analysis, and capital markets commentary for Newbridge, the Black River branch, clients, and broader audiences, as appropriate.
“Lou understands what companies must do to earn investor confidence and what investors need before committing capital,” said Joseph S. Glodek, Managing Principal of Black River Management Ltd. “His experience, relationships, and ability to identify and communicate differentiated opportunities will complement Newbridge’s investment banking capabilities and strengthen our business development efforts in the emerging growth market.”
Richard Libretti, Managing Principal of Black River Management Ltd. added, “Lou’s experience and relationships complement Black River’s established client base and business development network. We believe the combination creates additional opportunities to identify and serve emerging growth companies seeking access to the capital markets.”
The team expects to continue developing relationships with emerging growth companies focused on technological innovation, intellectual property leadership, and significant addressable markets.
“Emerging growth companies need more than capital. They need the right financing strategy, credible market positioning, and investors who understand the opportunity,” Basenese said. “I’m excited to join Newbridge’s Investment Banking Department and work alongside the Black River team to help identify and develop opportunities for growth-stage companies.”
Securities and investment banking services offered through Newbridge Securities Corporation, Member FINRA/SIPC. Black River Management Ltd. is a branch office of Newbridge Securities Corporation and is not a separate broker-dealer.
About Black River Management Ltd.
Black River Management Ltd. operates as a DBA and branch office of Newbridge Securities Corporation in Morristown, New Jersey. Black River supports business development, market intelligence, strategic relationships, and wealth-management activities conducted through the applicable registered entities. Securities and investment-banking services are offered through Newbridge Securities Corporation, Member FINRA/SIPC.
For more information, visit www.blackriverltd.com.
About Newbridge Securities Corporation
Founded in 1997 and headquartered in Boca Raton, Florida, Newbridge Securities Corporation is a full-service broker-dealer providing securities brokerage and investment banking services to individual and corporate clients through branch offices nationwide. Newbridge Securities Corporation is a member of FINRA and SIPC. Black River Management Ltd. is a DBA (doing business as) name and branch office of Newbridge Securities Corporation in Morristown, New Jersey, and is not a separate broker-dealer. All securities and investment banking services offered through Black River Management Ltd. are provided by Newbridge Securities Corporation. www.newbridgesecurities.com
Media and Business Development Inquiries
Joseph S. Glodek
Managing Principal
Black River Management Ltd.
Chancery Square
15 Cattano Avenue
Morristown, NJ 07960
(800) 446-4441
Newbridge Securities Corporation Appoints Lou Basenese Managing Director, Investment Banking and Chief Market Strategist
/in NewsCapital markets veteran and Fox Business contributor joins Newbridge’s Investment Banking Department out of the Black River Management Ltd. branch office
MORRISTOWN, N.J. – Newbridge Securities Corporation (“Newbridge”), announced the appointment of Lou Basenese as Managing Director, Investment Banking and Chief Market Strategist. Basenese will work through Newbridge’s Investment Banking Department and will be based out of the Black River Management Ltd. branch office in Morristown, New Jersey.
Basenese brings 25 years of experience across public and private markets, institutional investment consulting, equity analysis, corporate strategy, investment banking, and investor communications. He is also a nationally recognized financial market commentator and Fox Business contributor.
“We are pleased to welcome Lou to Newbridge,” said Thomas J. Casolaro, Co-CEO and Chairman. “His extensive capital markets experience, strong industry relationships, and nationally recognized market perspective will be valuable as we continue expanding our investment banking capabilities. Lou’s appointment reflects our commitment to attracting experienced professionals who can create meaningful opportunities for our clients and the firm.”
In his role with Newbridge’s Investment Banking Department, Basenese will assist in originating and evaluating investment banking opportunities, advising public and private companies on capital formation and market positioning, and developing institutional investor relationships.
As Chief Market Strategist, Basenese will also provide market intelligence, macroeconomic analysis, and capital markets commentary for Newbridge, the Black River branch, clients, and broader audiences, as appropriate.
“Lou understands what companies must do to earn investor confidence and what investors need before committing capital,” said Joseph S. Glodek, Managing Principal of Black River Management Ltd. “His experience, relationships, and ability to identify and communicate differentiated opportunities will complement Newbridge’s investment banking capabilities and strengthen our business development efforts in the emerging growth market.”
Richard Libretti, Managing Principal of Black River Management Ltd. added, “Lou’s experience and relationships complement Black River’s established client base and business development network. We believe the combination creates additional opportunities to identify and serve emerging growth companies seeking access to the capital markets.”
The team expects to continue developing relationships with emerging growth companies focused on technological innovation, intellectual property leadership, and significant addressable markets.
“Emerging growth companies need more than capital. They need the right financing strategy, credible market positioning, and investors who understand the opportunity,” Basenese said. “I’m excited to join Newbridge’s Investment Banking Department and work alongside the Black River team to help identify and develop opportunities for growth-stage companies.”
Securities and investment banking services offered through Newbridge Securities Corporation, Member FINRA/SIPC. Black River Management Ltd. is a branch office of Newbridge Securities Corporation and is not a separate broker-dealer.
About Black River Management Ltd.
Black River Management Ltd. operates as a DBA and branch office of Newbridge Securities Corporation in Morristown, New Jersey. Black River supports business development, market intelligence, strategic relationships, and wealth-management activities conducted through the applicable registered entities. Securities and investment-banking services are offered through Newbridge Securities Corporation, Member FINRA/SIPC.
For more information, visit www.blackriverltd.com.
About Newbridge Securities Corporation
Founded in 1997 and headquartered in Boca Raton, Florida, Newbridge Securities Corporation is a full-service broker-dealer providing securities brokerage and investment banking services to individual and corporate clients through branch offices nationwide. Newbridge Securities Corporation is a member of FINRA and SIPC. Black River Management Ltd. is a DBA (doing business as) name and branch office of Newbridge Securities Corporation in Morristown, New Jersey, and is not a separate broker-dealer. All securities and investment banking services offered through Black River Management Ltd. are provided by Newbridge Securities Corporation. www.newbridgesecurities.com
Media and Business Development Inquiries
Joseph S. Glodek
Managing Principal
Black River Management Ltd.
Chancery Square
15 Cattano Avenue
Morristown, NJ 07960
(800) 446-4441
Black River Announces Completion of Approximately $30 Million Private Placement for Cue Biopharma, Inc.
/in NewsFOR IMMEDIATE RELEASE
MORRISTOWN, NJ | May 11, 2026
Black River, a DBA of Newbridge Securities Corporation, announced that Cue Biopharma, Inc. (Nasdaq: CUE) completed an approximately $30 million private placement. Newbridge Securities Corporation acted as placement agent for the transaction.
The private placement consisted of pre-funded warrants to purchase up to 2,727,272 shares of common stock and accompanying common stock purchase warrants to purchase up to 1,363,636 shares of common stock, at an effective purchase price of $11.00 per pre-funded warrant and accompanying warrant. The exercise of the securities is subject to the terms described in Cue Biopharma’s public filings.
Cue Biopharma stated that the gross proceeds were approximately $30 million, before placement agent fees and offering expenses, and that the proceeds are intended to support its clinical pipeline, including the acquisition and development of Ascendant-221, now referred to by the company as CUE-221, as well as working capital and other general corporate purposes.
“We are pleased to have supported Cue Biopharma in this financing,” said a representative of Black River. “We appreciate the opportunity to work with the company and participating investors on the transaction.”
About Black River
Black River is a DBA of Newbridge Securities Corporation. Through Newbridge Securities Corporation, Black River provides investment banking and capital markets services to emerging-growth companies and institutional investors.
Important Notice
The securities described in this release were offered in a private placement and were not registered under the Securities Act of 1933, as amended, or applicable state securities laws. The securities may not be offered or sold in the United States absent registration or an applicable exemption from registration. Cue Biopharma has agreed to file a registration statement with the U.S. Securities and Exchange Commission covering the resale of shares of common stock issuable upon exercise of the pre-funded warrants and warrants. This release does not constitute an offer to sell or a solicitation of an offer to buy any securities, and no offer, solicitation or sale may occur in any jurisdiction in which such activity would be unlawful. Newbridge Securities Corporation received compensation for its services as placement agent. Additional information concerning the transaction is available in Cue Biopharma’s filings with the U.S. Securities and Exchange Commission.
Forward-Looking Statements
This release includes statements attributed to Cue Biopharma regarding the intended use of proceeds and its product-development programs. Such statements may be forward-looking and are subject to risks and uncertainties that could cause actual results to differ materially. Investors should review Cue Biopharma’s filings with the U.S. Securities and Exchange Commission, including the risk factors described in those filings. Newbridge Securities Corporation and Black River do not undertake to update statements made by Cue Biopharma.
Media Contact
Black River
Chancery Square
15 Cattano Avenue
Morristown, NJ 07960
blackriver.ltd
Securities offered through Newbridge Securities Corporation, Member FINRA/SIPC. Black River is a DBA of Newbridge Securities Corporation.