Streetbeat News

Acquisitions Mergers

BTBT

NVDA

Bit Digital, Inc. (BTBT) has announced the launch of Bit Digital AI, a new business line providing infrastructure for AI workstreams. The company has signed a binding term sheet with a customer for GPU-accelerated workloads, with a contract worth up to $257M. Bit Digital has also agreed to purchase 1,056 NVIDIA HGX H100 GPUs and 132 FusionOne HPC from xFusion Digital Technologies Co., Ltd.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 12:02 pm

ESMT

EngageSmart has agreed to be acquired by Vista Equity Partners for $4.0 billion. The shares of EngageSmart will be purchased for $23.00 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:01 pm

ESMT

Vista Equity Partners is reportedly close to acquiring software provider EngageSmart. Shareholders of EngageSmart would receive $23 per share in the deal, according to the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:57 am

NCNC

noco-noco is set to acquire X-SEPA Separator and lithium-ion battery development company noco-tech. The acquisition will be funded by issuing up to twenty-five million new shares at $2 per share. The acquisition is expected to be accretive to noco-noco's EPS once deliveries start.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:53 am

CEQP

ET

Energy Transfer (ET) and Crestwood Equity Partners (CEQP) have announced an October 31 deadline for Crestwood preferred unitholders to elect the form of merger consideration. This is part of the ongoing merger process between the two companies.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:37 am

INVO

INVO Bioscience has agreed to acquire NAYA Biosciences in an all-stock transaction. NAYA Biosciences' shareholders will receive 7.3333 shares of INVO for each share of NAYA Biosciences, totaling approximately 18,150,000 shares of INVO. The combined company will operate under the name 'NAYA Biosciences'.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:36 am

CWH

Camping World Holdings, Inc. (CWH) is set to acquire Travelcamp RV, a 12-store regional dealership group. The terms of the deal were not disclosed. The transition of the acquired locations to Camping World is expected to be completed over the next 90 days.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:35 am

AKU

HARP

LMDX

ROIV

TGH

TRKA

XRTX

The article lists the top gainers and losers in pre-market trading. LumiraDx Limited's shares surged after a strategic collaboration with AstraZeneca and Everton. Akumin Inc. rose after an agreement with Stonepeak to go private. Textainer Group Holdings Limited gained after agreeing to be acquired by Stonepeak. Harpoon Therapeutics, Inc. climbed after disclosing updated interim data from a clinical trial. Roivant Sciences Ltd. rose after Roche agreed to acquire Telavant. Troika Media Group, Inc. fell after reporting financial results. XORTX Therapeutics Inc. dipped after a significant jump on Friday.

Portfolio Pulse from Lisa Levin

October 23, 2023 | 11:32 am

ORA

Ormat Technologies has entered into an agreement to acquire contracted operating geothermal and solar assets in Nevada, Utah, and Connecticut for $271 million.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:32 am

ORA

Ormat has agreed to acquire contracted operating geothermal and solar assets in Nevada, Utah, and Connecticut for $271M. The acquisition is expected to close by the first quarter of 2024, subject to regulatory approvals and customary closing conditions. Ormat plans to finance most of the purchase price through new long-term corporate debt.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:31 am