Streetbeat News

Acquisitions Mergers

AAPL

NVDA

Huawei Technologies Co. saw a 9% increase in revenue in 2023, nearing $100 billion, driven by its smartphone sector and 5G equipment sales. A significant development was the launch of a smartphone with a 7-nanometer Kirin processor, challenging Apple Inc. and U.S. sanctions. Huawei's Mate 60 Pro is taking market share from Apple's iPhone 15. Nvidia Corp acknowledged Huawei as a competitor in the AI chip market, with Baidu Inc. switching from Nvidia to Huawei's AI chips due to U.S. tech export restrictions.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 5:09 am

AAPL

BITF

BTBT

MARA

TSLA

WULF

Bitcoin miner stocks, including Marathon Digital Holdings Inc (MARA), have seen a surge in trading volumes, surpassing those of major blue-chip companies like Tesla (TSLA) and Apple (AAPL). This increase is attributed to the anticipation of a spot Bitcoin ETF approval and the upcoming Bitcoin halving event in April 2024. Bitcoin miners are expanding operations, with Marathon Digital purchasing new mining sites and TerraWulf Inc (WULF) reporting a significant expansion. Bit Digital Inc (BTBT) and Bitfarms Ltd (BITF) also announced plans to increase their mining capacities. Bitcoin miners' revenue hit the highest level in 2023 on Dec. 28, according to Blockchain.com data.

Portfolio Pulse from Khyathi Dalal

December 28, 2023 | 10:35 pm

CGA

China Green Agriculture Inc has signed a Stock Purchase Agreement to acquire all outstanding stock of Lonestar Dream for $49M, as reported on December 27.

Portfolio Pulse from Charles Gross

December 28, 2023 | 10:06 pm

AIMAU

Aimfinity Investment Corp. I has announced a sixth extension of the deadline to complete an initial business combination, now set for January 28, 2024. This extension allows the company more time to find a suitable merger or acquisition target.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:33 pm

VSAC

VSACU

Vision Sensing Acquisition has announced its intention to extend the deadline to complete its initial business combination to February 3, 2024. This extension allows the company more time to find a suitable target for a merger or acquisition.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:31 pm

HAIA

Healthcare AI Acquisition Corp. (HAIA) has announced significant leadership changes. Xiaocheng Peng is set to become the permanent CFO, while Jiande Chen will take over as CEO and Chairman of the Board, replacing Zikang Wu.

Portfolio Pulse from Charles Gross

December 28, 2023 | 9:28 pm

LAB

SLGC

SomaLogic's founder Larry Gold and CTO Jason Cleveland have issued an open letter to stockholders expressing opposition to the company's proposed merger with Standard BioTools. They believe the merger is not in the best interest of shareholders and are urging them to vote against it.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:24 pm

KAI

Kadant Inc. has agreed to acquire Key Knife, Inc. for approximately $156 million in cash. This strategic acquisition is expected to expand Kadant's product portfolio and market reach in the fiber processing industry.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:19 pm

GLOB

Globant, a software development company, has acquired Iteris Holding, a Brazilian consultancy firm. Iteris, established in 2009 in São Paulo, employs over 600 professionals and provides end-to-end solutions in various industries. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:17 pm

AGAE

Elite Fun Entertainment Co., Ltd. has agreed to purchase 7.33 million shares of Allied Gaming & Entertainment (AGAE) at $0.90 per share, totaling $6.597 million. Additionally, they plan to negotiate a partnership for organizing live shows and events in Asia.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:07 pm