Streetbeat News

Acquisitions Mergers

SKYX

SKYX Technologies announced a $11M preferred stock investment, including $500K from President Steve Schmidt. The company aims to be cash flow positive by 2025, with Q2 2024 sales of $21.4M. SKYX is pursuing strategic collaborations to enhance growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 3:56 pm

RJF

JMP Securities upgraded Raymond James Financial (NYSE:RJF) from Market Perform to Market Outperform with a $146 price target, citing increased investment banking presence and potential M&A opportunities. RJF shares rose 2.68% to $128.25, nearing a 52-week high.

Portfolio Pulse from Erica Kollmann

October 09, 2024 | 3:39 pm

IKT

Inhibikase Therapeutics (IKT) stock surged 31.1% after announcing a $110 million private placement financing to support a Phase 2b trial for pulmonary arterial hypertension and general corporate needs. The deal, led by Soleus Capital, involves new board members and is set to close on October 21.

Portfolio Pulse from Henry Khederian

October 09, 2024 | 3:08 pm

FBGL

FBS Global Limited is set to IPO on NASDAQ under the ticker FBGL on October 10, with shares priced between $4.50 and $5.00. The company specializes in green building and interior fit-out projects.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 3:00 pm

WSR

Whitestone REIT shares rise as MCB Real Estate raises its acquisition offer to $15.00 per share in cash, pending board review.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:55 pm

TBNK

Blue Hill Advisors has reiterated its $12.50 per share cash offer for Territorial Bancorp, urging shareholders to oppose the proposed merger with Hope. Blue Hill claims the merger represents the second lowest valuation for a bank merger since 1983 and has released an updated presentation as the Territorial board continues to reject their superior proposal.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:38 pm

ALTM

CHWY

GTLB

NCLH

U.S. stocks rose on Wednesday, with notable gains from Arcadium Lithium, MicroCloud Hologram, Helen of Troy, Astera Labs, and others. Arcadium Lithium surged 30.5% after announcing its acquisition by Rio Tinto. Norwegian Cruise Line and GitLab also saw significant gains following analyst upgrades.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 2:38 pm

FFIE

Faraday Future Intelligent Electric shares rose after the company acquired a 10% stake in Grow Fandor from its founder.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:27 pm

CGC

Canopy Growth Corporation has expanded its U.S. presence by acquiring Wana, a top edibles brand, through its subsidiary Canopy USA. This acquisition, along with a majority stake in Jetty, positions Canopy USA for growth in the U.S. cannabis market. The strategy focuses on brand expansion and leveraging partnerships rather than heavy investment in cultivation.

Portfolio Pulse from Jelena Martinovic

October 09, 2024 | 1:42 pm

WSR

MCB Real Estate has increased its offer to acquire Whitestone REIT to $15.00 per share in cash. MCB emphasizes the certainty of its all-cash proposal and seeks engagement with Whitestone's board. A website has been launched for more information.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:32 pm