Streetbeat News

Acquisitions Mergers

REUN

Reunion Neuroscience Inc. (NASDAQ:REUN) has signed a take-private deal with MPM BioImpact, where MPM will acquire Reunion for $13.1 million. Reunion will receive $1.12 in cash for each share held. The deal represents a 43.1% premium over the trailing 30-trading-day volume weighted average price.

Portfolio Pulse from Nabaparna Bhattacharya

June 02, 2023 | 2:26 pm

HZO

MarineMax (NYSE: HZO) has acquired C&C Boat Works, a full-service boat dealer in Crosslake, Minnesota. This acquisition expands MarineMax's presence in the Midwest, with five facilities in Minnesota. The deal terms were not disclosed.

Portfolio Pulse from Akanksha Bakshi

June 02, 2023 | 1:56 pm

MMV

MultiMetaVerse (MMV) shares are trading higher after announcing a non-binding term sheet to acquire an equity stake in Taomee group.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 1:42 pm

DDD

DM

NNDM

SSYS

3D Systems has submitted a proposal to combine with Stratasys in a cash and stock merger, with Stratasys shareholders owning 40% of the combined company and receiving about $540 million in cash. Stratasys is also in a merger agreement with Desktop Metal in an all-stock transaction.

Portfolio Pulse from Shivani Kumaresan

June 02, 2023 | 1:23 pm

CLOE

DGLY

Digital Ally Inc. will distribute 15% of shares obtained in Kustom Entertainment to its shareholders immediately following the closing of the merger.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:58 pm

CLOE

DGLY

Kustom Entertainment, a subsidiary of Digital Ally Inc. (NASDAQ:DGLY), has entered into a business combination agreement with Clover Leaf Capital Corp. The transaction values Kustom Entertainment at $125 million and aims to create a publicly traded entity focused on live event and concert production.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:57 pm

MMV

MultiMetaVerse Holdings Limited (MMV) has signed a non-binding term sheet to acquire an equity stake in Taomee group, a leading Chinese entertainment and media company for younger generations. The acquisition is expected to be completed in the second half of the year.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:39 pm

AGFY

Agrify Corporation (NASDAQ:AGFY) has released its Diamond Miner product under its solvent extraction brand Precision Extraction Solutions. The Diamond Miner is designed for THC-A crystallization of cannabis, enabling the creation of concentrates. Precision Extraction Solutions was acquired by Agrify in October 2021.

Portfolio Pulse from Vuk Zdinjak

June 02, 2023 | 12:37 pm

CC

Chemours Company has agreed to sell its Glycolic Acid business to PureTech Scientific for $137 million, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:28 pm

BLTH

SGII

Seaport Global Acquisition II Corp. (SGII) and American Battery Materials, Inc. (BLTH) have announced a definitive merger agreement, resulting in ABM becoming a wholly-owned subsidiary of SGII. The combined company will be renamed 'American Battery Materials Holdings' and listed on Nasdaq.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:21 pm