Streetbeat News

Acquisitions Mergers

PIK

Kidpik Corp. shares surged following the announcement of a merger agreement with Nina Footwear. This strategic move could potentially expand Kidpik's market presence and product offerings, leveraging Nina Footwear's established brand and distribution channels.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:28 pm

PIXY

ShiftPixy, Inc. (NASDAQ:PIXY), a Florida-based human capital enterprise, announced its second asset purchase agreement to acquire a leading provider of human capital in the Western U.S. The acquired company, a market leader in recruitment, staffing, and HR solutions, boasts annual revenues over $50 million and a portfolio of 100 blue chip customers. This acquisition is part of ShiftPixy's strategy to expand its national market presence and leverage its technology in the Gig Economy.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:23 pm

ANGH

Anghami's stock price increased following the announcement of completing its transaction with OSN+. This development could signal a positive outlook for Anghami, as partnerships or acquisitions often aim to enhance a company's offerings or market position.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:22 pm

CAE

KULR

KULR Technology Group, Inc. (NYSE:KULR) has secured a contract worth over $1 million from H55 Inc. for its Thermal Runaway Shield (TRS) technology, aimed at enhancing safety in electric propulsion systems (EPS). The technology will be used in systems for major firms like Pratt & Whitney and CAE Inc. (NYSE:CAE), meeting EASA's safety standards. The deal marks a significant step in electric aviation safety, with KULR's shares closing up 7.89% at $0.41.

Portfolio Pulse from Akanksha Bakshi

April 02, 2024 | 12:16 pm

KULR

KULR Technology has secured a contract worth over $1 million from H55 for its proprietary patented Thermal Runaway Shield technology. This deal highlights KULR's growing influence in the safety and energy management sector, particularly in applications requiring advanced thermal management solutions.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:15 pm

MSPR

PLTR

MSP Recovery's stock price increased following a 13G filing revealing that Palantir Technologies acquired a 6.5% stake in the company as of March 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:13 pm

CWAN

Clearwater Analytics is acquiring risk and performance analytics solutions from Wilshire Advisors for approximately $40 million. The acquisition includes Wilshire Axiom, Wilshire Atlas, Wilshire Abacus, and Wilshire iQComposite, which will be integrated into Clearwater's platform, enhancing its offerings in fixed income and equity analytics, performance measurement, accounting, and GIPS compliance support. This move is expected to add about $7 million in annualized revenue to Clearwater.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:08 pm

ACOR

GRTS

PIK

VTSI

XTIA

VirTra, Inc. (NASDAQ:VTSI) shares surged 20% in pre-market trading after reporting Q4 earnings and sales above expectations. Other stocks also showed significant movement in pre-market trading, with notable gainers including XTI Aerospace, Inc. (NASDAQ:XTIA) and Kidpik Corp. (NASDAQ:PIK), and losers like Acorda Therapeutics, Inc. (NASDAQ:ACOR) and Gritstone bio, Inc. (NASDAQ:GRTS).

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 12:04 pm

ADTX

Aditxt, through its subsidiary Adivir, is set to acquire all issued and outstanding Class A common shares of Appili. Appili shareholders will receive 0.002745004 shares of Aditxt and $0.0467 for each share they hold, totaling approximately $0.0561 per share. This transaction represents a significant premium over Appili's recent trading prices, with a 117% premium based on the last trading day before the agreement and a 141% premium over the 30-day volume-weighted average price.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:35 am

CHX

SLB

ChampionX shareholders will receive 0.735 shares of Schlumberger for each share of ChampionX they own, indicating a significant transaction between the two companies.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:33 am