Deal Announcements & Amendments
2024-07-22 at 12:22pm

Maquia Capital (NASDAQ:MAQC) has entered into a definitive agreement to combine with AI infrastructure firm Velocium at a valuation of $445 million. Miami-based Velocium is developing data center processors designed to be particularly efficient for use by AI applications and Web 3.0. The combined company is expected to trade on the Nasdaq under the symbol...

2024-07-15 at 10:54am

Aquaron (NASDAQ:AQU) has entered into a definitive agreement to combine with hydrogen technology firm HUTURE at an initial equity value of about $1 billion. Shanghai-based HUTURE has developed technology for hydrogen fuel cell-powered heavy trucks and the refilling stations that would supply them. The combined company is expected to trade on the Nasdaq once the...

2024-07-01 at 12:29pm

AI Transportation (NASDAQ:AITR) has entered into a definitive agreement to combine with recycling firm American Metals at an equity value of $170 million. Fishers, Indiana-based American Metals is a subsidiary of American Resources (NASDAQ:AREC) focused on producing rare earth materials for use in batteries from recycled magnets and other recovered industrial metals. The combined company...

2024-06-28 at 11:31am

Arogo Capital (NASDAQ:AOGO) has entered into a definitive agreement to combine with cannabis firm Ayurcann (CSE:AYUR) at an enterprise value of $210 million. Ayurcann sells cannabis products primarily direct-to-consumer in Canada and is a leading brand in Ontario. The deal is expected to be completed in the second half of 2024. Transaction Overview Arogo has...

2024-06-26 at 4:11pm

Goldenstone (NASDAQ:GDST) has entered into a definitive agreement to combine with hydrogen energy firm Infintium at an enterprise value of $130 million. Greer, South Carolina-based Infintium makes hydrogen fuel cell power packs for industrial fork lift clients. The combined company is expected to trade on the Nasdaq once the deal is completed in the first...

2024-06-26 at 1:04pm

Coliseum (NASDAQ:MITA) has entered into a definitive agreement to combine with agtech firm Rain Generation Technology at an pre-money equity valuation of $45 million. Naples, Florida is working to commercialize technology that ionizes the air at select times to generate additional rainfall over a selected area. The combined company is expected to trade on the...

2024-06-25 at 3:55pm

Ault Disruptive (NYSE:ADRT) has entered into a definitive agreement to combine with defense contractor Gresham Worldwide (OTC:GIGA) at an enterprise value of $83 million. Scottsdale, Arizona-based Gresham provides electronic components and communication equipment to the defense and healthcare sectors through a series of subsidiaries. The combined company is expected to trade on the NYSE American...

2024-06-25 at 12:53pm

Cartica (NASDAQ:CITE) has entered into a definitive agreement to combine with Indian data center firm Nidar Infrastructure, known as Yotta, at an enterprise value of $4.16 billion, or 15.2x its 2025E EBITDA. Yotta provides data center processing infrastructure to software firms with a growing specialization in AI services. Transaction Overview Cartica has an estimated $25...

2024-06-20 at 12:12pm

Aimei Health (NASDAQ:AFJK) has entered into a definitive agreement to combine with energy firm United Hydrogen at a pro-forma enterprise value of $1.6 billion. Shanghai-based United Hydrogen provides services for clients in the hydrogen energy space including storage, transportation and power generation. The combined company is expected to trade on the Nasdaq once the deal...

2024-06-18 at 10:13am

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) has entered into a definitive business combination agreement agreement to acquire Namib Minerals, an African gold producer, developer, and explorer, for an implied pro forma enterprise value of $609 million. Namib’s current producing asset, the How mine, is an established, high-grade, underground gold mine located near Bulawayo, Zimbabwe. Transaction...

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