Focus Impact BH3 (NASDAQ:BHAC) has signed a definitive agreement to combine with XCF Global Capital at a pro forma enterprise value of $1.84 billion, or 3.9x its 2025E revenue. Reno, Nevada-based XCF is a newly formed entity aiming to build a network of sustainable aviation fuel refineries. The combined company is expected to trade on...
Rigel Resource (NYSE:RRAC) has entered into a definitive agreement to combine with South African gold mining operations owned by Blyvoor Gold at a pre-money equity value of $362 million. Johannesburg, South Africa-based Blyvoor Gold operates the mining site of the same name as well as the Gauta tailings retreatment project. The combined company is to...
CONX (NASDAQ:CONX) has entered into a definitive agreement to acquire the corporate headquarters building of DISH Wireless for $26.75 million. The Littleton, Colorado facility serves as the offices for DISH Network’s (NASDAQ:DISH) wireless TV and phone services. Transaction Overview Both CONX and EchoStar, which is selling the property, have waived any claim to the SPAC’s...
Being a public company is hard and the major US exchanges tend to show patience with companies working to stay in compliance with their many listing requirements when mistakes are made. But, everything has it’s limits. Nasdaq hit its limits this week with Sagaliam Acquisition Corp. (NASDAQ:SAGA). The SPAC, which raised $100 million in a...
Altitude (NASDAQ:ALTU) has entered into a definitive agreement to combine with Vesicor Therapeutics for $70 million in equity consideration. San Gabriel, California-based Vesicor is developing treatments utilizing extracellular vesicles as both a therapy themselves and as a delivery system for other medicines. Transaction Overview Altitude has about $10.3 million in its current trust after seeing...
SK Growth (NASDAQ:SKGR) has entered into a definitive agreement to combine with digital investment platform Webull at an enterprise value of $7.3 billion. New York-based Webull provides an equities trading and education platform to about 20 million cumulative users. The combined company is expected to trade on the Nasdaq once the deal is completed in...
Aetherium Acquisition Corp. (NASDAQ:GMFI) has entered into a definitive agreement to combine with Capital A (KL:5099), the parent company of the AirAsia airline at an estimated transaction value of $1.15 billion. Kuala Lumpur-based Capital A owns the AirAsia regional airline as well as subsidiaries in logistics, payments and loyalty. Transaction Overview Aetherium has an estimated...
Moringa (NASDAQ:MACA) has entered into a definitive agreement to combine with clinical-stage biotech firm Silexion at a pre-transaction equity value of $62.5 million. Modi’in-Maccabim-Reut, Israel-based Silexion is developing a range of potential cancer treatments with its most advanced efforts targeting pancreatic cancer. The combined company is expected to trade on the Nasdaq once the deal...
AltEnergy (NASDAQ:AEAE) has entered into a definitive agreement to combine with automotive parts manufacturer Car Tech at a yet undisclosed enterprise value. Opelika, Alabama-based Car Tech manufactures stamped metal parts that make up automotive chassis and bodies for car makers. The combined company is expected to trade on the Nasdaq once the deal is completed...
SDCL EDGE (NYSE:SEDA) has entered into a definitive agreement to combine with copper alloy manufacturer cunova at an enterprise value of $736 million, or 9.4x its 2023E adjusted EBITDA. Osnabrück, Germany-based cunova manufactures copper casts, fittings and conductivity products for the industrial, defense and aerospace sectors. The combined company is expected to trade on the...