Streetbeat News

Acquisitions Mergers

FSLY

Fastly, Inc. (NYSE:FSLY) has announced the acquisition of Domainr, a real-time domain availability API provider, and the general availability of Certainly, its TLS Certification Authority. These developments aim to enhance trust and security for Fastly's customers and across the internet. The acquisition of Domainr will allow Fastly to integrate Domainr's real-time domain availability API into its services and infrastructure. The launch of Certainly will provide Fastly customers with trusted TLS certificates, enhancing security and legitimacy of their websites or applications.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 12:42 pm

ABVC

ABVC BioPharma has entered into a $7.4 million cooperation agreement, equivalent to 370,000 shares at $20 per share. The deal involves exchanging a 20% ownership stake in a real estate property of Zhonghui United Technology.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 12:38 pm

STLA

Stellantis NV (NYSE:STLA) has invested over $100 million in Controlled Thermal Resources Holdings Inc. (CTR) to advance the development of the Hell's Kitchen project, a large geothermal lithium project. The investment is part of Stellantis' decarbonization strategy for battery electric vehicle (BEV) supply chains. CTR will start supplying battery-grade lithium hydroxide monohydrate (LHM) to Stellantis in 2027, supporting Stellantis' U.S. product offensive and Dare Forward 2030 plan. Stellantis aims to become a carbon net zero corporation by 2038.

Portfolio Pulse from Lekha Gupta

August 17, 2023 | 12:28 pm

RCRT

Job Mobz is set to acquire intellectual property from Recruiter.com, including the domain name. The agreement includes a $1.5M cash payment at closing, $250K payable within 90 days of closing, and shares comprising 10% of Job Mobz.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 12:04 pm

CRVO

Shares of Cervomed, a newly formed company resulting from the merger of Diffusion Pharma and EIP Pharma, have begun trading on Nasdaq. The company's stock symbol is CRVO.

Portfolio Pulse from Charles Gross

August 17, 2023 | 11:46 am

COEP

Coeptis Therapeutics has acquired key assets from Deverra Therapeutics related to its proprietary allogeneic stem cell expansion and directed differentiation platform. The deal was completed with a payment of approximately $570K in cash and the issuance of 4M shares.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 11:35 am

GOOGL

META

MSFT

OpenAI, backed by Microsoft Corp (NASDAQ:MSFT), has acquired the team at Global Illumination. The team, which has previously contributed to Meta Platforms Inc (NASDAQ:META) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), will now work on OpenAI's core products, including ChatGPT.

Portfolio Pulse from Anusuya Lahiri

August 17, 2023 | 11:32 am

EMR

Emerson has entered into a definitive agreement to acquire Afag Holding AG. The acquisition will enhance Emerson's capabilities in factory automation and create a motion portfolio combining Afag's electric linear motion solutions with Emerson's pneumatic motion technology.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 10:57 am

PLL

Piedmont Lithium has acquired a 22.5% stake in Atlantic Lithium Limited's Ewoyaa Lithium Project. This acquisition is expected to strengthen Piedmont's lithium supply chain.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 10:53 am

TPR

Tapestry has provided its fiscal year 2024 outlook, expecting revenue of $6.9 billion, which is slightly lower than the $6.93 billion estimate. The company also expects EPS of $4.10-$4.15, lower than the $4.23 estimate. The company has suspended its share repurchase program ahead of the planned acquisition of Capri Holdings Limited.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 10:52 am