Streetbeat News

Acquisitions Mergers

BRLI

Brilliant Acquisition Corporation has extended the deadline for its initial business combination with Nukkleus Inc. to September 23, 2023. The extension was approved by Brilliant's shareholders and allows for further extensions up to December 23, 2023. In connection with the extension, Brilliant's Sponsor, Nisun Investment Holding Limited, and Nukkleus deposited $32,300 in Brilliant's trust account.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:29 pm

YOTA

Yotta Acquisition Corporation (NASDAQ:YOTA) has announced an extension of its combination period to September 22, 2023. The company's sponsor, Yotta Investment LLC, has deposited $120,000 into the company's trust account to facilitate this extension. The purpose of the extension is to provide more time for the company to complete a business combination.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:11 pm

GLBS

Globus Maritime Limited has signed new building agreements for the acquisition of two fuel-efficient 64,000-DWT motor bulk carriers for $75.5M. The carriers are scheduled to be delivered during the second half of 2026.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:07 pm

MS

NXGN

NextGen Healthcare Inc (NASDAQ:NXGN) is reportedly exploring strategic options, including a potential sale of the company. The healthcare software solutions provider has hired Morgan Stanley to advise on discussions with potential buyers. The decision comes amidst a surge in healthcare sector dealmaking. Meanwhile, NextGen's rival, Waystar, is preparing for an IPO with a valuation of up to $8 billion. NextGen's shares have declined 9% YTD, underperforming the Nasdaq Composite Index's 32% rise.

Portfolio Pulse from Vandana Singh

August 23, 2023 | 7:10 pm

X

Esmark, Inc. has decided not to make a bid for U.S. Steel, according to a Reuters report.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 7:03 pm

NXGN

NextGen Healthcare is reportedly exploring a sale with advice from Morgan Stanley, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 5:54 pm

MS

NXGN

NextGen Healthcare is reportedly exploring a sale, with Morgan Stanley acting as an advisor, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 5:52 pm

OLN

Ammunition manufacturer Olin Corp (NYSE:OLN) has agreed to acquire White Flyer Targets, LLC, a maker of recreational trap, skeet, and sporting clay targets. The acquisition will be funded with cash on hand and is expected to be immediately accretive to Olin's shareholders. The transaction is expected to be completed in Q4 2023.

Portfolio Pulse from Shivani Kumaresan

August 23, 2023 | 4:56 pm

TCNNF

The small town of Hancock, Maryland, which holds a 4.99% equity stake in Trulieve Cannabis' local operation, is seeking its fair share of the company's profits. The town entered the cannabis industry in 2015 through a deal with Harvest Inc., which was later acquired by Trulieve. The town now wants a full accounting of Trulieve's profits, including from recreational marijuana sales. A mediation session between Trulieve and Hancock is scheduled for August 30.

Portfolio Pulse from Jelena Martinovic

August 23, 2023 | 4:14 pm

PSN

Parsons Corporation (NYSE:PSN) has acquired Sealing Technologies, Inc. in a deal valued at up to $200 million. The acquisition is expected to generate $110 million of revenue in 2024 and will be accretive to Parsons' fiscal year 2024 revenue growth rate, adjusted EBITDA margin, and adjusted earnings per share. SealingTech will expand Parsons' customer base across the Department of Defense and Intelligence Community and enhance its capabilities in defensive cyber operations, AI and ML, edge computing and edge access modernization, critical infrastructure protection, and secure data management.

Portfolio Pulse from Shivani Kumaresan

August 23, 2023 | 3:50 pm