Streetbeat News

Acquisitions Mergers

HNRA

HNR Acquisition Corp (HNRA) has announced a special meeting of shareholders on October 30, 2023, to approve its business combination with Pogo Resources, LLC and to acquire the Grayburg-Jackson oil field in the Permian Basin. The meeting will also vote on several proposals including the acquisition of Pogo, an incentive plan, potential issuance of more than 19.99% of HNRA's outstanding shares, and a second amended and restated certificate of incorporation. The company expects to close the business combination soon after the meeting, subject to certain conditions including NYSE American listing approval.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 1:08 pm

INTE

Argentina's largest low-cost airline, Flybondi, plans to go public through a business combination with Integral Acquisition Corporation 1 (NASDAQ:INTE). The shares are expected to be listed on Nasdaq under the symbol 'FLYB'. The transaction, approved by both companies' boards, is expected to close in the first half of 2024, subject to regulatory and shareholder approvals. The combined company will continue to operate under the Flybondi name.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:30 pm

TSLA

Former Tesla electrode engineering director, Hieu Duong, has joined AM Batteries as Chief Manufacturing Officer. Duong was the lead inventor of the dry battery electrode (DBE) process at Tesla, which aimed to reduce battery costs. AM Batteries, a Massachusetts-based startup, focuses on developing dry battery electrodes. The startup has also welcomed Lie Shi, the former president of lithium battery material supplier Celgard, as its CEO. This follows a series of high-profile exits at Tesla.

Portfolio Pulse from Anan Ashraf

October 20, 2023 | 10:44 am

GAME

GameSquare Holdings has signed an agreement with FaZe Holdings to acquire FaZe Clan in an all-stock transaction. The deal is expected to close in Q4.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 10:20 am

FFIE

Faraday Future Intelligence Electric (NASDAQ:FFIE) has secured a $12 million capital injection through a sale-leaseback arrangement of its manufacturing facility in Hanford, California. The move aims to support plant improvements and infrastructure enhancements, facilitating increased production capacity for the upcoming FF 91 2.0 Futurist Alliance. The company recently outlined a plan to achieve financial stability through cost reduction and without relying much on external funding.

Portfolio Pulse from Anan Ashraf

October 20, 2023 | 7:51 am

BX

NI

The Federal Energy Regulatory Commission has approved NiSource's sale of a 19.9% stake in NIPSCO to an affiliate of Blackstone Infrastructure Partners. The deal is part of NiSource's long-term strategy to strengthen its balance sheet and focus on its core regulated utility operations.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 7:35 am

PRFT

Perficient, Inc. (NASDAQ:PRFT) has announced its intention to acquire SMEDIX, Inc., a healthcare software engineering firm with approximately $12 million in revenue. The terms of the acquisition have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 7:16 am

CHEK

Check-Cap has sent a letter to its shareholders regarding a proposed merger with Keystone Dental Holding. The details of the merger are not specified in the article.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:52 am

DOOR

Masonite International Corporation has announced the acquisition of Fleetwood for $285 million in cash.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 9:01 pm

AFAR

AFARU

AFARW

Aura FAT Projects Acquisition Corp (NASDAQ:AFARU, AFAR, AFARW) has deposited $50,000 into its trust account, extending the deadline for its initial business combination from October 18, 2023 to November 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:35 pm