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Acquisitions Mergers

SGBX

SGD

Safe & Green Holdings Corp. (SGBX) CEO Paul Galvin provided a shareholder letter highlighting 2023 achievements and 2024 outlook. Key 2023 milestones include the spin-off of Safe and Green Development Corporation (SGD), a Master Purchase Agreement with SGD, and significant growth in the manufacturing sales pipeline. The company also partnered with various organizations for modular construction projects and launched the CORNERSTONE Charitable Foundation. Cost reductions and facility expansions are expected to improve cash flow and scalability of operations in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:43 pm

SASI

Bill Kerby, CEO of NextTrip, has been appointed as the CEO of Sigma Additive Solutions, succeeding Jacob Brunsberg. Sigma Additive Solutions' shareholders approved the acquisition of NextTrip Holdings, Inc. on December 28, 2023. NextTrip is known for its proprietary technology and strategic partnerships in the travel sector.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:42 pm

BTCT

BTC Digital Ltd. (NASDAQ:BTCT) shares fell in premarket trading after announcing the purchase of 2,000 T21 Miners from BITMAIN TECHNOLOGIES DELAWARE LIMITED for $5.32 million. The acquisition is expected to triple the company's hash rate with the deployment of these miners in U.S. facilities. Additionally, BTC Digital recently entered into a Bitcoin miner management and technical service agreement with a client for 1,480 Bitcoin mining machines. Despite these developments, BTCT shares dropped by 5.457% to $3.9240 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

January 03, 2024 | 1:38 pm

LEGN

Legend Biotech has completed a licensing deal for CAR-T therapies targeting DLL3. The company will receive an upfront cash payment of $100 million as part of the agreement terms.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:35 pm

DIS

Blackwells Capital LLC has notified The Walt Disney Company (NYSE:DIS) of its intention to nominate three candidates for Disney's Board of Directors at the 2024 Annual Meeting of Shareholders. Disney's current Board, known for its diversity and qualifications, is focused on long-term company performance and shareholder value. The Governance and Nominating Committee will review Blackwells' nominees and advise the Board. Disney will file preliminary materials with the SEC, including the Board's director nominees, and shareholders do not need to take action currently.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:34 pm

ICCT

iCoreConnect Inc. has announced the acquisition of FeatherPay, although the financial terms of the deal have not been disclosed. This acquisition could potentially expand iCoreConnect's market presence and product offerings.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:08 pm

PTN

Cosette Pharmaceuticals has acquired Vyleesi, a bremelanotide injection product, from Palatin Technologies. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:04 pm

TDCX

Shares of TDCX Inc (NYSE:TDCX) surged over 30% following a preliminary non-binding acquisition offer from its CEO Laurent Junique at $6.60/share. The company formed a special committee to review the proposal. TDCX recently reported a revenue miss and lower adjusted EPS than expected. The company's cash position as of September 30 was $317.7 million.

Portfolio Pulse from Lekha Gupta

January 03, 2024 | 12:49 pm

REKR

Rekor Systems, Inc. has completed the acquisition of All Traffic Data Services, LLC, enhancing its capabilities in transportation data collection and analytics. The financial terms of the deal were not disclosed.

Portfolio Pulse from Charles Gross

January 03, 2024 | 12:38 pm

ABVC

ABVC BioPharma and its subsidiary have received a $460 million milestone payment from AiBtl BioPharma as part of global licensing fees. This significant financial inflow could impact ABVC's short-term financial position and potentially its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:26 pm