Streetbeat News

Acquisitions Mergers

MOBV

Mobiv Acquisition Corp's stockholders have approved the proposed business combination with SRIVARU Holding Limited, a provider of premium electric motorcycles. More than 96% of the votes cast at the special meeting voted to approve the business combination. The business combination is expected to close upon satisfaction of all closing conditions required by the Merger Agreement, at which time Mobiv will merge with and into Merger Sub, with Mobiv being the surviving company and a subsidiary of SRIVARU. Mobiv's common stock and warrants will convert into ordinary shares and warrants of SRIVARU, which are expected to begin trading on Nasdaq under the new ticker symbols 'SVMH' and 'SVMHW'.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:07 pm

BWMN

Bowman Consulting has signed a definitive purchase agreement with Excellence Engineering, LLC, a company specializing in the petrochemical industry. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:10 am

APRN

Blue Apron has announced an agreement to be acquired by Wonder Group for $13.00 per share, representing an equity value of approximately $103M. The transaction is expected to close in Q4.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:04 am

XPEV

XPeng has announced that its board has approved share purchase agreements between the sellers, purchaser, and Dogotix. The purchaser has agreed to buy approximately 74.82% of the total issued shares of Dogotix for around $98.96 million.

Portfolio Pulse from Charles Gross

September 29, 2023 | 10:18 am

APRN

Blue Apron's shareholders are set to receive $13 per share via a tender offer from Wonder Group. This could potentially lead to a significant increase in the stock price of Blue Apron (APRN).

Portfolio Pulse from Charles Gross

September 29, 2023 | 10:05 am

APRN

The Wall Street Journal has reported that meal-kit maker Blue Apron is to be acquired by Wonder Group. The financial details of the deal have not been disclosed.

Portfolio Pulse from Charles Gross

September 29, 2023 | 10:04 am

SPRU

Spruce Power has settled a civil enforcement action filed by the SEC related to its merger with XL Fleet. The details of the settlement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 7:13 am

RBB

RBB Bancorp has terminated its agreement to acquire Gateway Bank, F.S.B.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 6:53 am

AAPL

GOOG

GOOGL

MSFT

Microsoft reportedly discussed selling Bing to Apple as a replacement for Google, but the talks never progressed to an advanced stage. Bing served as the default search engine for Siri and Spotlight from 2013 to 2017, but Apple returned to Google. Microsoft considered a multibillion-dollar investment in 2016 to make Bing the default choice on Apple devices. However, Apple expressed reservations about Bing's capacity to match Google in terms of quality and capabilities.

Portfolio Pulse from Ananya Gairola

September 29, 2023 | 2:05 am

ALST

SNNC

Sibannac, Inc. (OTC:SNNC) has signed an agreement with AllStar Health Brands Inc. (OTC:ALST) to explore the acquisition of retail cannabis franchises in Ontario, Canada. The partnership with AllStar and Tyme Cannabis Co. will allow Sibannac to potentially acquire up to five locations within the first year and introduce kratom products into the Canadian market.

Portfolio Pulse from Nicolás Jose Rodriguez

September 29, 2023 | 12:09 am