Streetbeat News

Acquisitions Mergers

BBIG

Vinco Ventures Inc's (BBIG) shares are trading lower after reports that the company's deal to buy the National Enquirer collapsed. The company had formed a joint venture with Icon Publishing to buy the National Enquirer from a360 Media, but the purchase agreement has since expired.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 1:28 pm

BBIG

Vinco Ventures' deal to acquire the National Enquirer has reportedly collapsed, according to a Wall Street Journal report. This news has led to a decrease in Vinco Ventures' share price.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 1:27 pm

JUPW

Jupiter Wellness has signed an Asset Purchase Agreement with GBB Drink Lab to acquire all operating assets, including the 'Safety Shot' rapid alcohol detox drink. This has led to a rise in Jupiter Wellness' shares.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 1:27 pm

DDD

DM

NNDM

SSYS

Nano Dimension Ltd. has increased its special tender offer price for Stratasys Ltd. shares from $20.05 to $24.00 per share in cash. The offer is for between 31.9% and 36.9% of the outstanding ordinary shares of Stratasys. Nano Dimension opposes Stratasys' proposed merger with Desktop Metal, Inc. and has nominated 7 directors for election to the Stratasys Board of Directors at the August 2023 Annual General Meeting. The tender offer expiration date and other terms remain unchanged.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:22 pm

ALBT

Avalon GloboCare Corp. (NASDAQ:ALBT) has updated its commercial strategy, focusing on acquiring and operating revenue-generating laboratories and commercialized products. The company has acquired a 40% interest in Laboratory Services MSO, LLC (LSM), which generated $14.7 million in revenue and $6.3 million in net income in 2022. Avalon also secured exclusive distribution rights for the KetoAir™ breathalyzer device in North America, South America, the U.K., and the European Union. The company is also working on joint patent filings with the Massachusetts Institute of Technology (MIT).

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:13 pm

PDFS

PDF Solutions, Inc. (NASDAQ:PDFS) has announced the acquisition of Lantern Machinery Analytics, Inc., a provider of AI/ML software for battery cell development and manufacturing processes. The acquisition is expected to enhance PDF Solutions' analytics platform and improve its process control and yield offerings for electric vehicle battery cell manufacturing.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:10 pm

HON

Honeywell International Inc has agreed to acquire SCADAfence, a provider of operational technology and Internet of Things cybersecurity solutions. The acquisition will expand Honeywell's Cybersecurity Center of Excellence in Tel Aviv and boost its OT cybersecurity portfolio. The SCADAfence product portfolio will be integrated into the Honeywell Forge Cybersecurity+ suite. The transaction is expected to close in the second half of 2023.

Portfolio Pulse from Akanksha Bakshi

July 10, 2023 | 1:09 pm

JUPW

Jupiter Wellness, Inc. (NASDAQ:JUPW) has acquired the assets of GBB Drink Lab Inc., including the Safety Shot beverage, a rapid alcohol detoxification product. The asset is valued at $53 million. The global hangover cure products market is expected to reach $4.67 billion by 2028. The Safety Shot business segment is forecasted to produce approximately $25 million in revenues and $4 million in net income by Q1 2024 for Jupiter Wellness.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:59 pm

HILS

Hillstream BioPharma (NASDAQ:HILS) has announced a strategic reprioritization of its pipeline to focus on HER2/HER3 solid tumors via bispecific and ADC antibodies and biologics. The company's lead bispecific antibody, HSB-3215, is designed to target novel conformational epitopes on HER2 and HER3. Hillstream also plans to optimize its BsAb pipeline with BiSpecific ADCs and develop novel bovine-derived biologics in collaboration with ABSI and Minotaur. The company has appointed Sireesh Appajosyula as its new COO.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:47 pm

GRAM

GRAMF

Gold Flora Corporation (NEO:GRAM) has completed a business combination transaction with TPCO Holding Corp. (OTCQX:GRAMF), resulting in an all-stock merger. The merger is expected to establish a market leader in the California cannabis industry. The former holders of The Parent Company now own approximately 49% of the outstanding common equity of Gold Flora, while the former holders of Gold Flora now own approximately 51%. Trading of the company's shares is expected to resume on the NEO Exchange on July 10, 2023.

Portfolio Pulse from Vuk Zdinjak

July 10, 2023 | 12:41 pm