Streetbeat News

Acquisitions Mergers

FTRS

RCRT

Futuris Company (OTC: FTRS) has agreed to acquire the specialized healthcare staffing business from Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW). The deal includes Futuris stock valued at $500,000 and a share of the ongoing gross profit, capped at $2 million. The transaction is expected to close immediately upon the fulfillment of closing conditions.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 12:05 pm

RCL

SGTX

SRPT

Insider trades were noted in three healthcare stocks: Royal Caribbean Cruises Ltd. (RCL), Sarepta Therapeutics, Inc. (SRPT), and Sigilon Therapeutics, Inc. (SGTX). RCL's director acquired 1,000 shares, indicating confidence in the company's prospects after reporting Q2 sales growth. SRPT's director acquired 23,686 shares following a narrower-than-expected Q2 loss. Shenandoah Acquisition Corp, a 10% owner of SGTX, bought 1,718,493 shares after Eli Lilly agreed to acquire the company.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 11:44 am

TRNR

Interactive Strength Inc. has announced a non-binding letter of intent and exclusivity agreement to acquire a connected fitness equipment business. The company anticipates $10M in combined gross revenues for 2023 and expects to exceed $25M in 2024.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 11:34 am

BSAQ

VFS

Shares of Vietnamese electric vehicle (EV) manufacturer Vinfast Auto are trading at $31 in the premarket on their first day of trading, following the completion of a SPAC merger.

Portfolio Pulse from Charles Gross

August 15, 2023 | 10:10 am

TRNR

Interactive Strength, doing business as FORME, has entered a non-binding letter of intent and exclusivity agreement to acquire a connected fitness equipment business. The potential transaction is expected to accelerate FORME's commercialization path, result in immediate scale across all functions, and create a high-growth and profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 10:06 am

NYSE:BSAC

VFS

Vietnamese EV maker VinFast has completed its SPAC merger with Black Spade Acquisition Company and will start trading on the Nasdaq on August 15. The merger was approved by Black Spade Acquisition Company shareholders, marking the end of a two-year journey for VinFast to become a publicly traded company in the US. Post-merger, Black Spade becomes a wholly-owned subsidiary of VinFast and will be delisted from the NYSE.

Portfolio Pulse from Benzinga Neuro

August 15, 2023 | 3:07 am

BRK.B

NVDA

RUM

TSLA

U.S. stocks ended in the green on Monday with the Nasdaq Composite registering a gain of around 143 points. Nvidia Corp saw a rise of 7.09% amid reports that Amazon is designing custom microchips to bypass Nvidia GPUs. Rumble Inc’s stock experienced a slight increase of 0.24% after its Q2 earnings highlighted a revenue of $24.97 million, up 468% YoY. United States Steel Corporation witnessed a surge of 36.80% following an all-cash public offer from Esmark Inc. Tesla Inc’s stock dipped by 1.19% after announcing a price cut for some Model Y versions in China. Berkshire Hathaway’s stock saw a marginal rise of 0.04% after its Q2 earnings report exceeded expectations.

Portfolio Pulse from Benzinga Neuro

August 15, 2023 | 2:00 am

ATVI

BRK

COF

DHI

LEN

MCK

MMC

NVR

OXY

VTS

Berkshire Hathaway has increased its investment in the US housing market, buying stakes in D.R. Horton, NVR, and Lennar Corp. It also increased its stakes in Capital One Financial Corp and Occidental Petroleum Corp, while reducing stakes in Activision Blizzard and Globe Life. Berkshire completely exited its positions in Vitesse Energy, McKesson Corp, and Marsh & McLennan Companies.

Portfolio Pulse from AJ Fabino

August 14, 2023 | 9:39 pm

SKY

Skyline Champion Corporation (SKY) is making a strategic investment of C$185 million in ECN Capital Corp. (TSX:ECN).

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 9:38 pm

BRK-A

BRK-B

DHI

LEN

Berkshire Hathaway has taken share stakes in homebuilders DR Horton Inc and Lennar Corporation, according to a new regulatory filing. The Warren Buffett-led firm bought six million shares in DR Horton and 152,000 shares in Lennar. This news has led to a rise in the after-hours trading of both companies' stocks.

Portfolio Pulse from Ryan Gustafson

August 14, 2023 | 9:29 pm