Streetbeat News

Acquisitions Mergers

RAND

Rand Capital Corporation has completed the sale of its portfolio company, SciAps, to Spectris Plc, resulting in $13.1 million in proceeds. This amount exceeds the previous valuation of $10.8 million.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:26 pm

RAND

Rand Capital Corporation announced the completion of the sale of its portfolio company, SciAps, Inc., to Spectris plc, resulting in $13.1 million in proceeds, exceeding the previous valuation of $10.8 million.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:24 pm

BWB

Bridgewater Bancshares has announced an all-cash merger agreement to acquire First Minnetonka City Bank. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:18 pm

MSFT

OpenAI is reportedly in discussions for a new funding round that could value the company at over $100 billion. Thrive Capital and Microsoft are among the investors expected to contribute several billion dollars to the ChatGPT maker.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 7:30 pm

WTO

UTime Ltd (NASDAQ:WTO) shares plummeted 93% after announcing a non-disclosure agreement for acquiring Bowen Therapeutics' lab, aiming to expand into the vaccine market. The acquisition focuses on developing an mpox vaccine, but the deal is pending negotiations and regulatory approvals.

Portfolio Pulse from Henry Khederian

August 28, 2024 | 5:09 pm

ARES

BX

CG

The NFL has approved private equity investments in teams, allowing funds like Ares Management Corp, Blackstone Inc, and Carlyle Group Inc to own up to 10% of a team. This change could increase competition for team ownership, affecting billionaires like Jeff Bezos who may be interested in purchasing teams like the Seattle Seahawks.

Portfolio Pulse from Chris Katje

August 28, 2024 | 4:59 pm

UTME

UTime shares are experiencing a decline after reports emerged that the company has signed a non-disclosure agreement (NDA) to acquire Bowen Therapeutics.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:07 pm

CNPOF

CNTMF

RIV Capital and Cansortium shareholders have approved a merger, creating a combined cannabis company operating in Florida, New York, Texas, and Pennsylvania. The merger is expected to close in Q4 2024, with the combined entity operating under the Cansortium name. RIV Capital shares rose 2.61%, while Cansortium shares fell 10.67% following the announcement.

Portfolio Pulse from Nina Zdinjak

August 28, 2024 | 3:24 pm

UTME

Utime has signed a non-disclosure agreement to acquire Bowen Therapeutics Inc, a company involved in making monkeypox vaccines. The acquisition aims to support the completion of FDA registration for these vaccines.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:58 pm

MSFT

SHOP

Microsoft's AI executive, Parakhin, has joined Shopify as the new Chief Technology Officer (CTO). This move could influence Shopify's technological advancements and strategic direction, particularly in AI and machine learning.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:51 pm