Streetbeat News

Acquisitions Mergers

BUD

TLRY

Tilray Brands (NASDAQ:TLRY) reported Q1 FY2024 results, with net revenue increasing 15% YoY to $177 million and cannabis net revenue up 20% to $70 million. The company's net loss narrowed to $56 million, down from $66 million in the prior year quarter. Tilray also announced it has closed three transactions since the beginning of FY2024, including the acquisition of eight beer and beverage brands from Anheuser-Busch (NYSE:BUD).

Portfolio Pulse from Nina Zdinjak

October 04, 2023 | 1:04 pm

LVOX

NICE has announced its plans to acquire LiveVox, leading to a rise in LiveVox's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:45 pm

SLGC

SomaLogic is set to merge with Standard BioTools in an all-stock deal. This news has led to an increase in SomaLogic's share price.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:43 pm

TALS

New York Blood Center Enterprises (NYBCe) has acquired commercial-scale cell and gene therapy development and manufacturing facilities from Talaris Therapeutics, Inc. (NASDAQ:TALS). The acquisition includes facilities in Houston, Texas and Louisville, Kentucky, as well as certain technologies and equipment. The deal will enhance NYBCe's cell and gene therapy development and manufacturing capabilities, and accelerate the delivery of a fully integrated vein-to-vein cell and gene therapy solution for the US.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:39 pm

AREC

American Resources Corporation (AREC) has entered into a letter of intent to sell the carbon mining assets of its subsidiary, American Carbon Corporation, for approximately $280 million. The consideration includes an upfront cash payment at closing, a share of operation profits, and ongoing royalty payments. The proposed transaction also involves the assumption of certain debts and environmental reclamation bonds.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:36 pm

AGRI

AgriFORCE Growing Systems Ltd. (AGRI) has purchased a 14% stake in Radical Clean Solutions (RCS). RCS has developed a suite of proprietary and patent-pending chemical-free Hydroxyl devices that eliminate pathogens, mold, mildew and VOCs in various environments. The technology is powered and integrated using RCS' proprietary IOT platform that provides real-time data and analytics.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:34 pm

GAMC

Bolt Threads, a pioneer in sustainable biomaterials for consumer products, has entered into a definitive business combination agreement with Golden Arrow Merger Corp. (NASDAQ:GAMC). The deal values Bolt Threads at $250M and is expected to provide at least $35M of gross proceeds to the company. The transaction is expected to enable high-volume distribution and adoption of Bolt Threads' biomaterials in consumer goods, starting with beauty and personal care. Upon closing, the combined company will be named 'Bolt Projects Holdings, Inc.' and is expected to remain listed on Nasdaq under a new ticker symbol 'BSLK'.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:16 pm

LAB

SLGC

Standard BioTools (NASDAQ:LAB) and SomaLogic (NASDAQ:SLGC) have announced an all-stock merger, creating a diversified leader in life sciences tools. The combined company will have a pro-forma equity value of over $1 billion and over $180 million of pro-forma combined revenue for the full year 2023. The merger is expected to generate $80 million in annual cost synergies by 2026. Standard BioTools shareholders will own approximately 43% of the combined company, and SomaLogic shareholders will own approximately 57%.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:14 pm

MEDS

Superlatus, which recently merged with TRxADE HEALTH, has acquired the assets of Spero Foods in an all-cash asset purchase agreement. Spero Foods is a plant-based tech company specializing in alternative dairy and egg replacements. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:09 pm

VSEC

VSE Corporation has acquired a perpetual license and asset for $105 million, which includes $12 million of existing inventory.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 12:08 pm