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APO

Apollo Global Management, Inc. (APO) has acquired a majority stake in Composite Advanced Technologies, Inc (CATEC). CATEC provides compressed natural gas (CNG), renewable natural gas (RNG) and hydrogen transportation and storage solutions in the U.S. Apollo Funds plan to invest further in the company to support expansion in the high-growth hydrogen transport and storage market.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 1:47 pm

TCNAF

TransCanna Holdings Inc. has closed the asset transfer transactions approved by its shareholders. The transactions involved Pelorus Fund REIT, LLC, Dalvi, LLC, Lyfted Farms, Inc., and James R. Blink. The company is still under a cease trade order by the British Columbia Securities Commission due to not filing its audited annual financial statements. The company expects to complete all filings by the end of September.

Portfolio Pulse from Vuk Zdinjak

August 22, 2023 | 1:21 pm

AVTA

Avantax has acquired Summit Wealth Advocates, adding a 7-person team and $330M in total client assets to Avantax's employee-based model.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:17 pm

AVAV

AeroVironment, Inc. has announced its plan to acquire Tomahawk Robotics, a leader in AI-enabled robotic control systems, for a total purchase price of $120 million, to be paid in a mix of cash and stock. The acquisition will allow for deeper integration of both companies' technology, leading to enhanced interoperability and interconnectivity of unmanned systems. Tomahawk Robotics will become part of the small UAS (SUAS) business unit within AeroVironment's Unmanned Systems segment.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:11 pm

RVSB

Riverview Bancorp, Inc. (RVSB) has announced a series of executive management promotions as part of its leadership succession planning process. Daniel Cox has been promoted to Chief Operating Officer, Robert Benke to Executive Vice President and Chief Credit Officer, and Michael Sventek has joined as Executive Vice President and Chief Lending Officer. These changes are effective immediately.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:09 pm

TTEK

Tetra Tech has won a AUD$22M project to conduct baseline surveys for Flotation Energy's offshore wind farm. The surveys will assess marine mammals, birds, fish, and benthic and coastal processes in the proposed wind farm location.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:05 pm

TRIN

Trinity Capital Inc. (NASDAQ:TRIN) has committed $12 million in growth capital to Delphinus Medical Technologies, a medical imaging company. The funds will be used to scale operations and expand the impact of Delphinus' SoftVue 3D Whole Breast Ultrasound Tomography System, a FDA-approved technology for early breast cancer detection.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:05 pm

SPY

The USA Redbook Year-over-Year (YoY) has reported a 2.9% increase, significantly higher than the previous 0.7%.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:56 pm

SSTI

SoundThinking, Inc. (NASDAQ:SSTI) has acquired SafePointe, LLC, a provider of intelligent weapons detection technology. The acquisition allows SoundThinking to enter the $20 billion global weapons detection market and extends its SafetySmart™ platform with a proven weapons detection solution. SafePointe's technology has been used in various high-traffic environments such as workplaces, museums, schools, casinos, financial institutions, and hospitals. The acquisition is expected to be accretive to SoundThinking's earnings per share by the end of 2024.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:38 pm

SIDU

Satellite manufacturing and space services company, Sidus Space (NASDAQ:SIDU), has acquired Exo-Space, a firm specializing in Edge Artificial Intelligence (AI) software and hardware for space applications. The acquisition is part of Sidus's strategy to tap into the AI sector and expand its offerings in the Earth and Space Observations services market. The deal, which includes cash, stock options, and performance bonus incentives, is expected to have a positive impact on Sidus's EBITDA. Sidus has also issued non-qualified stock option awards to purchase an aggregate of 3,955,212 shares of Class A common stock to certain former employees of Exo-Space.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:32 pm