Streetbeat News

Acquisitions Mergers

PARA

SONY

Charles Gasparino reports conflicting information regarding a potential deal involving Paramount. The details of the deal are unclear, leading to speculation and uncertainty among investors.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:34 pm

F

GM

RIVN

TSLA

WKSP

Rivian Automotive Inc (RIVN) and Worksport Ltd (WKSP) are making strides in the EV industry despite economic challenges. Worksport received a $2.8MM grant from New York for job creation and is expanding its clean energy products, including a partnership potential with Tesla (TSLA), Ford (F), and General Motors (GM). Rivian exceeded revenue estimates with $1.2 billion in Q1 and maintained its production forecast, opting for less expensive models over discounts.

Portfolio Pulse from Upwallstreet

May 08, 2024 | 3:15 pm

REBN

Reborn Coffee Inc (NASDAQ:REBN) shares surged 141% to $4.18 after announcing a strategic expansion into the China market through a Master License Agreement with IAID Co. The partnership aims to introduce a novel coffee experience in Guangzhou, China, starting with a flagship location. This move is seen as a step towards establishing Reborn Coffee's presence in major Chinese cities like Shanghai and Shenzhen.

Portfolio Pulse from Henry Khederian

May 08, 2024 | 3:02 pm

SVCO

Silvaco Group, Inc (NASDAQ:SVCO) is set to IPO on May 09, offering shares between $17.00 and $19.00 with a 180-day insider lock-up period ending on November 05, 2024. The company specializes in TCAD, EDA software, and SIP solutions for the semiconductor and photonics industries.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:00 pm

PAL

Proficient Auto Logistics, Inc (NASDAQ:PAL) is set to IPO on May 09, offering shares priced between $14.00 and $16.00. The company, a leading non-union specialized freight company in auto transportation and logistics, will have a 180-day insider lock-up period ending on November 05, 2024.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:00 pm

NXE

NexGen Energy's stock is trading lower following the announcement of a binding term sheet with MMCap International Inc. for the acquisition of 2,702,410 pounds of natural uranium concentrate at a cost of $250 million.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:53 pm

DGMLF

De Grey Mining (OTCPK: DGMLF) plans to raise $395 million to finance its Hemi Gold Project in Western Australia, aiming for first gold production in H2 2026. The raise includes issuing 545.5 million shares through institutional placement and entitlement offer, with the project expected to produce 530,000 ounces annually over its first decade.

Portfolio Pulse from Stjepan Kalinic

May 08, 2024 | 2:40 pm

LYB

LyondellBasell is exploring strategic options for its European assets, focusing on aligning its operations with circularity and net zero ambitions. This move indicates a shift towards sustainability and may involve divestitures, partnerships, or operational adjustments in Europe.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:03 pm

PWSC

PowerSchool Holdings' stock is trading higher after reports emerged that Bain is considering a takeover of the company.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:19 pm

PWSC

Bain is reportedly pursuing a takeover of PowerSchool, an education-software provider, with the deal potentially valuing PowerSchool at around $6 billion, including debt.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:17 pm