Streetbeat News

Acquisitions Mergers

ATNF

180 Life Sciences Corp. is planning to enter the online gaming industry using its newly acquired gaming technology platform.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:06 pm

AMPS

Altus Power shares rose following the announcement of a strategic alternatives review by its Board of Directors and the reaffirmation of its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:45 am

RIO

Rio Tinto (NYSE:RIO) reported weaker-than-expected Q3 production, missing analysts' estimates. Despite short-term challenges, the company is optimistic about organic growth, with new projects in lithium and iron ore. The $6.7 billion acquisition of Arcadium Lithium is seen as a strategic move, despite a 90% premium. Rio Tinto's shares are slightly down in premarket trading.

Portfolio Pulse from Stjepan Kalinic

October 16, 2024 | 11:08 am

CATX

LNTH

Perspective Therapeutics has announced the first shipment and patient dosing from its new manufacturing facility in Somerset, New Jersey, for its radiopharmaceuticals. This facility, previously operated by Lantheus Holdings, will support clinical studies and meet future demands.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:06 am

SCLX

Scilex Holding Company is exploring strategic options to maximize the value of Scilex Pharma. These options include a spinoff, public listing of Scilex Pharma securities, potential transactions, or dividends.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:04 am

DECA

SCLX

Semnur Pharmaceuticals, a subsidiary of Scilex Holding Company, is in discussions for a potential $2.5 billion acquisition of SP-102, with a business combination with Denali Capital Acquisition Corp. expected by early 2025. Scilex plans to file a Registration Statement with the SEC and may offer a dividend to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:07 am

VS

Versus Systems has announced a $2.5 million investment and licensing agreement with ASPIS to meet Nasdaq's compliance requirements. This move is part of their plan to maintain the minimum shareholders' equity needed for continued listing on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 7:02 am

VSEC

VSE Corporation has priced a public offering of 1,724,137 common shares at $87 per share, raising $142.5 million. The proceeds will be used to finance part of the acquisition of Kellstrom Aerospace Group, Inc.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:15 am

LBTYA

Liberty Global has announced the key dates for the spin-off of Sunrise, which will become an independent publicly traded Swiss company. A special meeting of shareholders is scheduled for October 25, 2024. Post spin-off, Liberty Global will continue its operations in Belgium, Ireland, Slovakia, the U.K., and the Netherlands.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:10 pm

INTC

QCOM

Qualcomm is reportedly waiting for the outcome of the US election before making a decision on a potential move involving Intel. This indicates that political factors may influence Qualcomm's strategic decisions.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:02 pm