Streetbeat News

Acquisitions Mergers

WTMA

Welsbach Technology Metals Acquisition Corp (WTMA) has entered into a binding Letter of Intent (LoI) with Evolution Metals for a potential business combination, according to an SEC filing. However, there is no guarantee that a definitive agreement will be reached or that the proposed transaction will be completed.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:31 pm

SWX

Southwest Gas Holdings, Inc. (SWX) announced its subsidiary, Centuri Group, Inc., has filed a registration statement for an IPO, intending to list on the NYSE under 'CTRI'. The offering's details are yet to be determined. UBS Investment Bank, BofA Securities, and J.P. Morgan are the joint lead book-running managers, with Wells Fargo Securities as a book-running manager and Baird, KeyBanc Capital Markets, and Siebert Williams Shank as co-managers.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:25 pm

GAME

GameSquare Holdings, Inc. announced its voluntary delisting from the TSX Venture Exchange (TSXV) while maintaining its listing on the NASDAQ Capital Market under the symbol 'GAME'. The delisting, effective around March 28, 2024, aims to reduce expenses and administrative efforts, potentially improving liquidity and shareholder value. Additionally, GameSquare received a further investment of $1,000,000 in a convertible debenture, increasing its principal balance to $2,250,000. This amendment, involving a director, is considered a related party transaction but meets exemption criteria under MI 61-101.

Portfolio Pulse from Happy Mohamed

March 22, 2024 | 8:23 pm

AAPL

A Steve Jobs-autographed business card sold for $181,183 at an auction, setting a new record for the most expensive business card ever sold. The auction featured Apple-related memorabilia, including a rare Apple-1 computer signed by Steve Wozniak and a first-generation sealed iPhone. An Elon Musk-signed SpaceX business card also exceeded expectations, selling for $39,238. The high sale prices reflect the growing demand for memorabilia associated with Jobs and Musk among collectors and investors.

Portfolio Pulse from Chris Katje

March 22, 2024 | 8:19 pm

FNCB

PFIS

Peoples Financial Services Corp. (PFIS) and FNCB Bancorp, Inc. (FNCB) announced shareholder approval for their merger, with Peoples as the surviving entity. The merger, agreed upon on September 27, 2023, awaits regulatory approvals and customary closing conditions.

Portfolio Pulse from Happy Mohamed

March 22, 2024 | 8:19 pm

AXNX

BSX

Axonics, Inc. (NASDAQ:AXNX) stockholders have approved a merger agreement with Boston Scientific Corporation (NYSE:BSX), expected to close in the first half of 2024. The merger is still subject to regulatory approvals and other conditions. Axonics' CEO expressed gratitude for the stockholders' support and anticipates the merger will expand their global impact and bring their therapies to more patients.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:01 pm

DWAC

LULU

NKE

NVDA

Nike and lululemon experienced stock drops due to weak guidance, while DWAC saw gains after receiving shareholder approval for a merger. NVIDIA's stock rose following a price target increase from UBS.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:55 pm

QCOM

Qualcomm has ended its attempt to acquire AutoTalks, a move that was halted due to the inability to obtain regulatory approval, as reported by Reuters citing a statement from the company.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:42 pm

DWAC

Digital World Acquisition Corp. (DWAC) shares have declined after shareholders approved the merger with Trump Media & Technology Group, indicating market reactions to the merger news.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:36 pm

SUP

Centerview Partners is in talks with private credit lenders to refinance Superior Industries International Inc.'s (SUP) outstanding debt. The aim is to refinance approximately €250 million ($270 million) of unsecured bonds due in 2025, alongside about $250 million of redeemable preferred stock. This move is part of efforts to manage the autoparts maker's upcoming debt maturities.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:34 pm