Streetbeat News

Acquisitions Mergers

MBTC

Nocturne Acquisition Corp. and Cognos Therapeutics have secured Chardan as their capital markets advisor for their upcoming business combination. The role of Chardan will be to provide strategic advice and assist in the execution of the transaction.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 5:39 am

ENVX

FDX

MARA

TSLA

UPTD

The stock market showed a mixed reaction to the Federal Reserve's decision to maintain the key overnight interest rate unchanged. TradeUP Acquisition Corp. (UPTD) saw a significant increase of 26.42% after announcing an extension for its initial business combination deadline. FedEx Corp. (FDX) experienced a slight uptick of 0.22% after reporting its first-quarter results. Marathon Digital Holdings (MARA) declined by 2.82% after announcing the completion of privately negotiated convertible note exchanges. Enovix Corporation (ENVX) decreased by 5.39% after announcing the acquisition of Korean battery manufacturer Routejade. Tesla Inc. (TSLA) shares dropped by 1.47% influenced by the broader market’s reaction to the Federal Reserve’s decision.

Portfolio Pulse from Benzinga Neuro

September 21, 2023 | 1:53 am

ATVI

MSFT

NTDOY

In a leaked email from 2020, Microsoft Gaming CEO Phil Spencer expressed interest in acquiring either Nintendo or Valve. The email was revealed as part of the FTC lawsuit aimed to block Microsoft's proposed merger with Activision Blizzard. Spencer described Nintendo as a prime asset for Microsoft in gaming and mentioned having conversations with Nintendo's leadership about closer collaboration. However, he acknowledged that a near-term merger with Nintendo didn't seem feasible.

Portfolio Pulse from Franca Quarneti

September 20, 2023 | 10:30 pm

MURF

Murphy Canyon Acquisition has announced that its stockholders have approved the proposed combination with Conduit Pharmaceuticals. The deal is expected to close soon.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 9:44 pm

ENVX

Enovix Corporation (NASDAQ:ENVX) announced the acquisition of Korean battery manufacturer Routejade. The deal, costing approximately 6.2 million shares of Enovix common stock and $16.5 million in cash, is expected to close in Q4 2023. The acquisition is expected to establish Enovix's presence in Korea, providing strategic proximity to key customers and suppliers. Enovix shares were up 1.12% in after-hours trading following the announcement.

Portfolio Pulse from Ryan Gustafson

September 20, 2023 | 8:51 pm

DAL

Private aviation company Wheels Up has finalized a new investment deal with Delta Air Lines, Certares, Knighthead, and Cox. The new board structure will include four directors from Delta, two each from Certares and Knighthead, one from Cox, one company executive, and two independent directors from the previous board.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:29 pm

CSLR

MAXN

Maxeon Solar Technologies (NASDAQ:MAXN) and Complete Solaria (NASDAQ:CSLR) have announced an Asset Purchase Agreement for the sale of certain assets to Maxeon. The assets include Solaria's dealer channel operations and contracts, as well as Complete Solaria's solar panel patent portfolio. The agreement also includes a supply agreement for Maxeon to supply its solar panels to Complete Solaria. The transaction is expected to expand Maxeon's U.S. DG market footprint and consolidate two major shingled-cell IP portfolios.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:18 pm

UFPI

UFP Global Holdings has acquired a controlling interest in Palets Suller Group for approximately $52 million.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:08 pm

ENVX

Enovix Corporation expects its acquisition of Routejade to be immediately accretive. The financial details of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:04 pm

ENVX

Enovix has announced the acquisition of privately-held Korean battery manufacturer Routejade in a cash and stock deal. The total consideration consists of approximately 6.2 million shares of Enovix common stock and $16.5 million in cash, assuming the purchase of 100% of Routejade.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:03 pm