Streetbeat News

Acquisitions Mergers

VOXX

VOXX International has sold its domestic accessory business, along with the Jamo and Energy brands, for approximately $28 million. This move is part of VOXX's strategy to streamline its operations and focus on core business areas.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:33 pm

APLD

NVDA

Nvidia, along with other investors, has participated in a $160 million funding round for Applied Digital, a Nasdaq-listed company focused on data centers and AI cloud services. This investment is expected to support Applied Digital's growth.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:32 pm

AI

EAST

YEXT

C3 AI shares dropped 20% after reporting Q1 results. Eastside Distilling surged 292% due to a merger with Beeline Financial Holdings. Yext shares rose 16% following strong Q2 results, FY25 revenue guidance, and an upgrade from Needham with an $8 price target.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:22 pm

GATO

Gatos Silver shares surged following the announcement of a definitive merger agreement to be acquired by First Majestic.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:22 pm

FLYX

SOAR

Volato Group, Inc. (AMEX:SOAR) shares surged premarket after announcing an agreement with flyExclusive, Inc. (NYSE:FLYX) to manage its fleet operations. This move is expected to reduce costs for Volato and allow focus on growth areas. A potential merger is also being considered.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 12:20 pm

COEP

Coeptis Therapeutics has completed its Phase 1 trial for COVID-19-related infections and is advancing its cell therapy platforms. The company raised $5.6 million in capital and is appealing a Nasdaq delisting decision. Strategic partnerships and new developments in cell therapy are key growth drivers.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:19 pm

KVAC

Medera, a biotechnology company, is set to merge with Keen Vision Acquisition Corporation (KVAC) and be listed on NASDAQ. The merger aims to accelerate Medera's clinical programs and is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:17 pm

DEA

Easterly Government Properties has acquired a 99,246 square foot property that is fully leased to Northrop Grumman Systems. This acquisition is significant for Easterly as it adds a stable, long-term tenant to their portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:08 pm

FYBR

VZ

Verizon Communications has agreed to acquire Frontier Communications Parent, leading to a decline in Frontier's share price.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:59 am

FTV

Fortive shares rise as the company announces a tax-free spin-off of its Precision Technologies segment and reaffirms its Q3 and FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:49 am