Streetbeat News

Acquisitions Mergers

GME

GameStop has completed a $400 million at-the-market equity offering program. The funds will be used for general corporate purposes, including potential acquisitions and investments.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:07 pm

PANL

Pangaea Logistics Solutions and M.T. Maritime Management are set to combine their fleets in an all-stock deal valued at $295 million. This merger is expected to enhance operational efficiencies and expand their market presence.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:07 pm

RCAT

Red Cat Holdings reports strong financial performance with a 59% year-over-year revenue growth in Q1 2025 and a record backlog of $13 million. The company provides guidance of $50-$55 million for calendar year 2025, excluding government or NATO programs. The acquisition of FlightWave Aerospace System and the integration of Edge 130 Blue are expected to open new revenue streams.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:05 pm

BHVN

ELAB

FUFU

KAVL

MNSO

U.S. stocks rose with the Dow gaining over 50 points. Kaival Brands surged 148% after a merger announcement, while Elevai Labs plummeted 63% following a public offering pricing. BitFuFu and Biohaven also saw significant gains. MINISO fell 17% after a downgrade.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 6:35 pm

APO

INTC

QCOM

Qualcomm shares are declining due to reports of its interest in acquiring Intel, a move that could face financial and regulatory challenges. Apollo Global Management has also proposed a $5 billion investment in Intel.

Portfolio Pulse from Vaishali Prayag

September 23, 2024 | 6:15 pm

BYD

Boyd Gaming has acquired Resorts Digital, the online gambling division of Resorts casino in Atlantic City. The acquisition includes ResortsCasino.com, MoheganSunCasino.com, and an unused sports betting skin. Resorts Digital has significantly outperformed the physical casino in terms of revenue and profitability.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 5:59 pm

BGXX

Bright Green Corporation (NASDAQ:BGXX) faces delisting from Nasdaq but is focusing on strategic growth through a reverse stock split, partnerships, and acquisitions. The company is committed to financial stability and expanding its market presence.

Portfolio Pulse from Juan Spínelli

September 23, 2024 | 5:33 pm

BHVN

ELAB

FUFU

KAVL

MNSO

ZJYL

U.S. stocks showed mixed performance with the Nasdaq Composite gaining 0.3%. Energy shares rose by 1.4%, while health care shares fell by 0.2%. The S&P Global manufacturing PMI fell to 47 in September. Kaival Brands Innovations Group surged 169% after a merger announcement, while Elevai Labs dropped 60% following a public offering pricing.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 4:18 pm

UEC

Uranium Energy shares rise following a $175 million acquisition of Rio Tinto's Wyoming assets.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 4:17 pm

KAVL

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) stock surged 138.3% after announcing a merger and share exchange agreement with Delta Corp Holdings Limited. The new entity, Pubco, will be led by Delta's management and trade on Nasdaq. The deal is expected to close in Q4 2024, pending shareholder approval.

Portfolio Pulse from Dylan Berman

September 23, 2024 | 3:13 pm