Streetbeat News

Acquisitions Mergers

MYMD

PMCB

PharmaCyte Biotech (NASDAQ: PMCB) has invested $7 million in MyMD Pharmaceuticals (NASDAQ: MYMD), a clinical stage biopharmaceutical company. This investment aligns with PharmaCyte's strategy to utilize its significant cash position to create additional stockholder value. MyMD has reported positive data from a Phase 2 clinical trial for its lead product, MYMD-1, in sarcopenia.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:41 pm

XPOF

Xponential Fitness (NYSE:XPOF) has announced the divestiture of its brand Row House to Extraordinary Brands. The company stated that this move will not materially impact its revenue or EBITDA in 2024, and its 2024 guidance remains unchanged. The terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:33 pm

YYGH

YY Group has announced its entry into the Australian hospitality and hotel industry, marking a significant expansion for the company.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:22 pm

CSCO

IBM

PANW

Palo Alto Networks (PANW) shares dropped after a conservative fiscal Q3 report and guidance. The company is acquiring cloud security software from IBM (IBM) and forming a strategic alliance to enhance its AI-powered cybersecurity offerings. Despite revenue growth, the market was unimpressed by the narrowed guidance.

Portfolio Pulse from Upwallstreet

May 21, 2024 | 1:09 pm

XYLO

Xylo Technologies is set to acquire an AI technology company. The initial payment is €1.5 million, and Xylo will initially hold 51% of the company's outstanding shares. The remaining 49% will be acquired after determining the final transaction price.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:01 pm

AEIS

PSCT

RNMC

XPPLF

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has disclosed a new offer to acquire XP Power Ltd. (OTC:XPPLF) for £19.50 per share in cash, reflecting a significant premium over XP Power's recent share prices. The total proposed consideration is £571 million. This is the fourth offer made by Advanced Energy, with previous offers being rejected by XP Power's board. The acquisition is expected to expand Advanced Energy's product portfolio and technical capabilities.

Portfolio Pulse from Lekha Gupta

May 21, 2024 | 12:55 pm

REBN

Reborn Coffee has signed a Letter of Intent (LOI) to acquire a 55% stake in Derin Lezzetler, a move that could expand its market presence and diversify its product offerings.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:36 pm

AXON

EXP

IYR

MS

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Eagle Materials, Morgan Stanley, iShares U.S. Real Estate ETF, and Axon Enterprise. Eagle Materials plans to modernize and expand its cement plant. Morgan Stanley invested $269.9 million in Bitcoin ETFs. Axon Enterprise posted strong Q1 results and plans to acquire Dedrone.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 12:35 pm

REBN

Reborn Coffee (REBN) has announced its plan to acquire a 55% stake in Derin Lezzetler. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:33 pm

SLNH

Soluna Holdings, Inc. (NASDAQ: SLNH) has secured $30 million in financing from Spring Lane Capital to expand its Project Dorothy data center. The new construction, set to begin in Q2 2024, will increase Soluna's Bitcoin mining capacity by 48 MW.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:13 pm