Streetbeat News

Acquisitions Mergers

AGRI

AgriFORCE has signed a Letter of Intent to purchase a Bitcoin mining facility in Alberta, Canada, with a 1.2MW capacity. This acquisition presents a significant opportunity for AgriFORCE to capture carbon offsets, aligning with its sustainable technology solutions initiatives.

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November 13, 2024 | 1:30 pm

SOUN

SoundHound AI reported a record Q3 revenue of $89 million, driven by strong AI spending and acquisitions that boosted subscription revenue. The company is aiming for adjusted EBITDA profitability by 2025 despite current gross margin declines.

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November 13, 2024 | 1:15 pm

ANGI

Angi is undergoing a turnaround with management focusing on profitability and quality over quantity. Despite positive performance indicators, the market is reacting to a spin-off announcement by its parent company, which holds an 85% stake.

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November 13, 2024 | 1:15 pm

VEEE

Twin Vee PowerCats Co. and Forza X1, Inc. shareholders have approved a merger between the two companies. The merger is expected to close soon, pending customary closing conditions.

Portfolio Pulse from

November 13, 2024 | 1:15 pm

VEEE

Twin Vee PowerCats Co. and Forza X1, Inc. shareholders have approved a merger between the two companies. The merger is expected to close soon, pending customary closing conditions.

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November 13, 2024 | 1:15 pm

INGR

Ingredion Incorporated has appointed Mark Karns as vice president of corporate development and M&A, effective December 2, 2024. Karns will join the executive leadership team and report to CEO Jim Zallie.

Portfolio Pulse from

November 13, 2024 | 1:00 pm

CDE

SILV

SilverCrest Metals reported a strong Q3 2024 with record revenues of $80M and solid production at its Las Chispas mine. Coeur Mining's $1.7B acquisition offer has positively impacted SilverCrest's stock, with the deal expected to close in Q1 2025.

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November 13, 2024 | 1:00 pm

EXR

Extra Space Storage (EXR) is performing well in the storage REIT sector, showing strong growth and a competitive yield. The merger with Life Storage has increased FFO but also costs, with modest FFO per share growth expected. EXR has a strong balance sheet and liquidity, but its dividend yield is below the 'no-risk' rate, and the payout ratio is aggressive.

Portfolio Pulse from

November 13, 2024 | 12:45 pm

CTRA

Coterra Energy announced its acquisition of oil and gas assets from Avant Natural Resources and Franklin Mountain Energy in New Mexico for $3.95 billion, involving cash and stock deals.

Portfolio Pulse from

November 13, 2024 | 12:30 pm