Streetbeat News

Acquisitions Mergers

TKLF

Yoshitsu Co., Ltd (TKLF) announced new institutional shareholders including Hudson Bay Capital Management LP, marking a significant step in its global expansion. The company, a retailer and wholesaler of Japanese products, completed a follow-on equity offering, becoming the first Nasdaq listed Japanese company to do so post-IPO. This move, supported by Hudson Bay and seven other institutional investors, is expected to strengthen Yoshitsu's market expansion, especially in the U.S., and support its long-term growth.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:10 pm

CTB

TRTL

WELL

One Energy Enterprises Inc. appoints Thomas Russell as CFO, bringing extensive financial experience to aid in the company's growth and transition to public markets. Russell has over 20 years of experience, including roles at CPBS Holdings, Fresh Products, LLC, Cooper Tire & Rubber Company (CTB), and Welltower (WELL). One Energy, known for its on-site wind energy installations, has recently launched significant initiatives, including the largest electric semi-truck charging site in the U.S. and a new electric semi-truck trial program. Additionally, One Energy and TortoiseEcofin Acquisition Corp. III (TRTL) have entered into a Business Combination Agreement, with the combined company to be listed on the NYSE under the ticker 'ONE'.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:09 pm

OII

Oceaneering International, Inc. (NYSE:OII) has secured multiple contracts in Q4 2023 for its Manufactured Products segment, totaling an anticipated revenue of approximately $200 million. These contracts, primarily with international oil and gas operators and marine construction companies, include significant projects in the Gulf of Mexico and the Black Sea, involving the supply of electro-hydraulic, steel tube umbilicals and supporting hardware. Production for these projects is scheduled across facilities in Panama City, Houston, and Rosyth, with final deliveries expected between Q3 2025 and Q3 2026. CEO Rod Larson highlighted these awards as a testament to Oceaneering's role in supporting global offshore energy production and customer operations.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:05 pm

BWMN

Bowman Consulting Group Ltd. (BWMN) has acquired Trudell Consulting Engineers (TCE) and its subsidiary, Vermont Underground Locators, expanding its engineering services into Vermont. The acquisition, financed through cash, seller notes, and equity, is expected to operate at an annualized net service billing run rate of approximately $4.5 million. This move is anticipated to be immediately accretive and aligns with Bowman's strategic growth plans in northern New England and Upstate New York.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:03 pm

CMND

Clearmind Medicine Inc. has received divisional patent approval in China for its psychedelic-based treatment targeting binge behaviors. This approval strengthens the company's intellectual property portfolio, which includes 15 utility patent families and a total of 51 patents and pending applications globally. The company's MEAI molecule has shown promise in pre-clinical studies for regulating binge behaviors and addiction, particularly in relation to Alcohol Use Disorder and binge drinking.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:52 pm

SMFL

Smart for Life, Inc. (SMFL), a global leader in Health & Wellness, has partnered with SGS Nutrasource to assist in regulatory, product development, and testing solutions. This collaboration aims to support Smart for Life's strategic expansion and acceleration of M&A activities.

Portfolio Pulse from Charles Gross

February 05, 2024 | 12:43 pm

MARA

Marathon Digital announced updates for January 2024, including the closure of the Generate Capital Acquisition, a new agreement with Hut8 for full control of new sites by April 30, a 7% increase in energized hash rate to 26.4 EH/s, and total holdings of 15,741 BTC and $1.0B in cash and BTC as of January 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:23 pm

MRT

Türkiye's mobility super app, Marti Technologies, has acquired all of the intellectual property and software assets of Zoba. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:12 pm

EVBG

Everbridge, Inc. (EVBG) is set to be acquired by private equity firm Thoma Bravo in an all-cash transaction valued at approximately $1.5 billion. Shareholders of Everbridge will receive $28.60 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:11 pm

AMG

AMG has completed its investment in Ara Partners, a private markets firm that specializes in industrial decarbonization. This move is aimed at enhancing AMG's exposure to secular growth areas.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:02 pm