Streetbeat News

Acquisitions Mergers

JAQC

Jupiter Acquisition has mutually agreed to terminate its merger with Filament Health Corp. The special stockholders meeting set for December 28, 2023, is canceled. Jupiter will redeem all outstanding Class A common stock from its IPO effective December 26, 2023, as it cannot complete a business combination within the timeframe specified in its Charter.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 7:29 am

ARIZ

Arisz Acquisition Corp. (NASDAQ: ARIZ), a special purpose acquisition company (SPAC), has extended the deadline to complete a business combination by one month, from December 22, 2023, to January 22, 2024. The extension was facilitated by a $120,000 deposit into the company's trust account by Arisz Investments LLC, the SPAC's sponsor. This is the eighth extension out of a possible nine as allowed by the company's amended certificate of incorporation dated May 12, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 7:10 am

EGGF

EG Acquisition Corp. stockholders approved the merger with LGM Enterprises, LLC (flyExclusive), with 97% of voting shares in favor. The transfer of EG's stock listing from the NYSE to NYSE American is delayed due to ongoing NYSE American review. The transfer was initially planned for around December 20, 2023, contingent on meeting closing conditions and NYSE American listing requirements.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 6:54 am

SMAP

Infrared Cameras Inc. has completed a business combination with Sportsmap Tech Acquisition and is applying for a Nasdaq listing under the ticker symbol 'MSAI'.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 6:48 am

TOSBF

TOSYY

Toshiba Corp has been delisted from the Tokyo stock exchange after 74 years, marking the end of an era for the Japanese tech giant. The company faced a decade of scandals and has now been taken private following a $14 billion buyout led by Japan Industrial Partners. The consortium includes Orix Corp, Chubu Electric Power Co., and Rohm Co Ltd. Toshiba's future direction under CEO Taro Shimada may focus on high-profit digital services, and the company has already partnered with Rohm for a $2.7 billion investment in power chip production facilities. The delisting follows a successful tender offer for Toshiba's shares and the company's strategic importance to Japan's national security and employment.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 3:24 am

AFRM

DWAC

FDX

NIO

TSLA

U.S. indices traded positively with the Dow Jones, S&P 500, and Nasdaq all seeing gains. Digital World Acquisition Corp. (DWAC) remained unchanged amid political developments. FedEx (FDX) dropped post weaker-than-expected Q2 results. Affirm Holdings (AFRM) surged due to expanded services at Walmart. NIO Inc. (NIO) rose after a $2.2 billion investment, indicating growth in the EV market. Tesla (TSLA) increased with predictions of a strong year and a new affordable car model.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 2:31 am

GBTC

Grayscale Investments CEO Michael Sonnenshein discussed the potential impact of a spot Bitcoin ETF on the crypto market, suggesting it could unlock $30 trillion in advised wealth. He emphasized the benefits for institutional adoption and smooth participation in the crypto market. Crypto analyst MDBitcoin and The Bitcoin Therapist also commented on the potential for significant market growth if a small percentage of the $30 trillion is invested in Bitcoin. Bitcoin's price has seen a recent surge, with a 1.3% increase in the past 24 hours and a 14.5% gain over the past 30 days.

Portfolio Pulse from Khyathi Dalal

December 19, 2023 | 11:59 pm

LTHM

NCR

VOYA

Livent Corporation (LTHM) is set to join the S&P MidCap 400 index, taking the place of NCR Corporation (NCR), which will be removed from the index. This change is due to the acquisition of NCR by an affiliate of Veritas Capital, which will result in NCR becoming a private company. The S&P MidCap 400 index will also see the addition of Voya Financial, Inc. (VOYA), which will be replacing Livent in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:33 pm

SIEB

Siebert Financial and Kakaopay have mutually agreed to terminate the second tranche stock purchase agreement they entered into on April 27, 2023. No reasons for the termination were provided in the news article.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:32 pm

AAPL

AMZN

CRWD

CYBR

DIS

GOOG

GOOGL

MAGS