Streetbeat News

Acquisitions Mergers

GODN

Golden Star Acquisition Corporation has announced a merger agreement with Gamehaus, representing a post-combination enterprise value of $500M. The combined company will operate under the name Gamehaus and will be listed on Nasdaq under a new ticker symbol. The deal is expected to close by Q4.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:54 pm

JOBY

Joby Aviation, Inc. (NYSE:JOBY) plans to build its first scaled aircraft production facility in Dayton, Ohio, investing up to $500 million and creating up to 2,000 jobs. The facility will be capable of delivering up to 500 aircraft per year. The State of Ohio, JobsOhio and local political subdivisions have offered incentives and benefits of up to $325 million to support the development of the facility. Joby has also been invited by the U.S. Department of Energy to apply for financing under the Title XVII Loan Guarantee Program for clean energy projects.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:51 pm

BLTH

SGII

American Battery Materials, Inc. (OTC:BLTH) reaffirmed its commitment to the proposed $120M merger with Seaport Global Acquisition II Corp. (NASDAQ:SGII) despite Seaport Global receiving a delisting warning letter from NASDAQ. The merger is expected to result in ABM becoming a wholly owned subsidiary of SGII and the combined company will be renamed 'American Battery Materials Holdings'.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:36 pm

QSG

Chinese online learning service provider QuantaSing Group Limited (NASDAQ:QSG) has acquired Kelly's Education, an online language education platform based in Hong Kong. The acquisition marks QuantaSing's entry into the global online education market and the language learning sector. Post-acquisition, Kelly's Education will become a wholly-owned subsidiary of QuantaSing.

Portfolio Pulse from Shivani Kumaresan

September 18, 2023 | 12:36 pm

GPP

GPRE

Green Plains Inc. (GPRE) and Green Plains Partners LP (GPP) have announced a definitive merger agreement. GPRE will acquire all publicly held common units of GPP not already owned by GPRE and its affiliates in exchange for GPRE common stock and cash. The merger is expected to simplify GPRE's corporate structure, generate near-term earnings and cash flow, reduce SG&A expense related to GPP, and improve the credit quality of the combined enterprise. The transaction is expected to close in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:34 pm

CCCS

CCC Intelligent Solutions is reportedly in talks to be acquired by a private equity firm. This news has led to a rise in the company's shares.

Portfolio Pulse from Luke J Jacobi

September 18, 2023 | 12:23 pm

CAMT

Camtek announced it will acquire a metrology supply business for $100M cash, leading to a rise in its share prices.

Portfolio Pulse from Luke J Jacobi

September 18, 2023 | 12:20 pm

ENZC

SAGA

Enzolytics, Inc. has signed a business combination agreement for the sale of its operating subsidiaries, Biogenysis, Inc. and Virogentics Inc., to Sagaliam Acquisition Corp in a deal valued at $450 million. The combined company is expected to trade on NASDAQ. The deal will provide additional funding to Biogenysis and Virogentics, enabling the final development of numerous therapeutics.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:15 pm

CAMT

FORM

Camtek has agreed to acquire FormFactor's FRT Metrology business for $100 million in cash. The transaction is expected to close in Q4 2023, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:12 pm

MRDB

MariaDB's board has confirmed receiving an unsolicited non-binding indicative proposal from Runa Capital II to acquire all issued shares of the company, excluding those already owned by Runa. The proposal is not a firm intention to make an offer and there is no certainty that an offer will be made or the terms of any potential offer.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:10 pm