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Acquisitions Mergers

DECA

Denali Capital Acquisition Corp. has announced an extension of the deadline to complete its business combination from May 11 to June 11. This extension provides additional time for Denali Capital Acquisition Corp. to finalize its business combination plans.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:38 pm

DECA

Denali Capital Acquisition Corp. (DECA) has extended the deadline to complete its business combination from May 11, 2024, to June 11, 2024. This extension provides additional time for DECA to finalize its business combination plans.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:35 pm

BAC

Bank of America advises shareholders to reject Tutanota LLC's mini-tender offer to buy up to 1M shares at $40 each, citing the offer's below-market price conditioned on BAC's stock closing above $40 on the offer's last day.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:34 pm

GEV

GE Vernova Inc. (NYSE:GEV) advises shareholders to reject TRC Capital's mini-tender offer to buy 1M shares at $155 each, 7.39% below the market price. The offer's conditions could result in shareholders receiving a below-market price.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:22 pm

JAN

JanOne Inc. shares surged following the announcement of a Definitive Agreement to acquire Alt 5 Sigma, indicating a strategic move to expand its business operations.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:20 pm

CPG

Crescent Point Energy Corp. has officially changed its name to Veren Inc., with shareholder approval at its AGM on May 10, 2024. Shares of Veren are set to trade under the new symbol 'VRN' on the TSX and NYSE starting around May 15, 2024. A new website will also be launched to reflect the change.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:17 pm

JAN

JanOne announced it will issue approximately 19.9% of its outstanding common stock, totaling 1,799,100 shares, and 34,207 shares of its Series B non-convertible, non-redeemable preferred stock to the former stockholders of ALT 5 as of May 10.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:15 pm

JAN

JanOne Inc. has announced the acquisition of blockchain financial technology provider ALT 5 Sigma Inc., with the transaction expected to close the week of May 13th, 2024. ALT 5 Sigma's transactional processing volume exceeded $1.1 billion in 2023 and over $450 million in Q1 2024. As part of the agreement, JanOne will issue shares to ALT 5's former stockholders, making ALT 5 and its subsidiaries wholly owned subsidiaries of JanOne.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:15 pm

BYNO

Nordic Acquisition Corp. has extended the deadline to complete its business combination from May 12, 2024, to June 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:09 pm

AAPL

BRK

NVDA

PFE

TSLA

XLU

Stocks have surged due to a strong earnings season and despite rising jobless claims. The S&P 500 and Dow Jones saw gains, with the utilities sector, particularly XLU, outperforming. Job market concerns arose with high jobless claims. Berkshire Hathaway reduced its Apple stake, while Apple introduced new iPads. Tesla announced job cuts in China, Pfizer settled Zantac lawsuits, and Nvidia was highlighted as a leader in AI technology.

Portfolio Pulse from Piero Cingari

May 10, 2024 | 8:09 pm