Streetbeat News

Acquisitions Mergers

TPPRF

Top Strike Resources Corp., doing business as Vencanna Ventures, reported a YoY decrease in Q1 2024 revenue and an increase in loss. The company's revenue was CA$40,815 ($30,246), compared to CA$181,139 in the same quarter of last year. The loss for the period was CA$196,085, up from CA$96,853 in the corresponding period of last year. The company plans to expand in New Jersey and has amended its agreement with Cannavative to acquire all its membership units.

Portfolio Pulse from Jelena Martinovic

September 29, 2023 | 3:16 pm

DDD

SSYS

3D Systems has issued a statement regarding Stratasys' pursuit of strategic alternatives. 3D Systems is willing to amend its current binding proposal to include a 60-day Go-Shop period, providing immediate value certainty for Stratasys shareholders. The binding offer from 3D Systems is scheduled to expire on October 5.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:53 pm

UPTD

TradeUP Acquisition Corp has announced the completion of its business combination with Estrella Biopharma, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:44 pm

UPTD

TradeUP Acquisition Corp. (UPTD) has completed its business combination with Estrella Biopharma, Inc., forming a new entity named Estrella Immunopharma, Inc. The combined company will trade on NASDAQ under the symbols 'ESLA' and 'ESLAW' from October 2, 2023. Prior to the merger, Estrella closed its Series A preferred stock financings with gross proceeds of $9.75 million and a short-term debt financing with gross proceeds of $0.30 million. UPTD also closed a private placement of its common stock with gross proceeds of $10.00 million.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:37 pm

RENB

Renovaro Biosciences and AI health company GEDi Cube have signed a definitive agreement to combine, with GEDi Cube becoming a wholly-owned subsidiary of Renovaro in a stock-for-stock acquisition. GEDi Cube holders are expected to own approximately 50% of the combined company. The transaction is expected to close late in the fourth quarter of 2023 or early 2024.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:19 pm

BA

RYAAY

Ryanair Holdings Plc (NASDAQ:RYAAY) has announced reductions to its Winter 2023 schedule due to aircraft delivery delays from Boeing Company (NYSE:BA). Ryanair had expected to acquire 27 aircraft between September and December, but due to production issues at Spirit Fuselage and logistical setbacks at Boeing, this has been revised to 14 aircraft. Ryanair is working with Boeing to accelerate deliveries from January to May 2024. As a result of these delays, Ryanair will make several adjustments to its Winter 2023 schedule.

Portfolio Pulse from Nabaparna Bhattacharya

September 29, 2023 | 1:16 pm

BWMN

CNI

Bowman Consulting Group Ltd (NASDAQ:BWMN) has agreed to acquire Excellence Engineering, LLC, a provider of engineering, procurement, project management, and automation services. The deal, financed with cash, seller notes, and equity, is expected to close in early October. The acquisition is projected to have an initial annualized net service billing run rate of about $4.0 million. BWMN recently won a multi-year contract from Canadian National Railway Co (NYSE:CNI) for as-needed engineering and design work.

Portfolio Pulse from Lekha Gupta

September 29, 2023 | 1:07 pm

APRN

Blue Apron has announced an agreement to be acquired by Wonder Group for $13 per share. This has resulted in a surge in Blue Apron's share price.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:06 pm

ABT

POCT

VNQ

On CNBC's 'Halftime Report Final Trades', several financial experts named their final trades. Bryn Talkington picked Innovator U.S. Equity Power Buffer ETF October (POCT), Stephen Weiss chose U.S. 10 Year Treasury Note, Brenda Vingiello selected Abbott Laboratories (ABT), and Shannon Saccocia picked Vanguard Real Estate Index Fund (VNQ). Abbott Laboratories recently agreed to acquire Bigfoot Biomedical and its shares gained 2.7% to close at $98.12 on Thursday.

Portfolio Pulse from Priya Nigam

September 29, 2023 | 12:54 pm

UTZ

Utz Brands has announced several network optimization initiatives aimed at supporting long-term volume growth and reducing costs. As part of these initiatives, the company has sold its Bluffton plant to Super-Pufft Snacks USA, Inc. and its affiliated entities.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:45 pm