Maksim Labkouski Canna-Global Acquisition (OTC:CNGL) and Invest Inc., a financial technology company, entered into a letter of intent for a proposed business combination, acquiring 100% of Wyoming-based Invest Inc.’s outstanding equity, valued at $250 million, and enabling the company to become a publicly traded US company. This strategic move aimsContinue Reading
Antonio Bordunovi Chipmakers and designers such as NVIDIA (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing (NYSE:TSM) and Broadcom (NASDAQ:AVGO) have seen impressive run ups in their stocks over the past few months, thanks largely to the AI revolution stoking increased demand for their products. Since the beginning of the year, NVIDIA (NVDA) sharesContinue Reading
BING-JHEN HONG Foxconn Technology (OTCPK:FXCOF) will invest about $551M in two new projects in Vietnam’s province of Quang Ninh, Bloomberg News reported. The Apple (AAPL) supplier — which is formally known as Hon Hai Precision (OTCPK:HNHAF) (OTCPK:HNHPF) — was given a license for a $264M project in Song Khoai AmataContinue Reading
Queen’s Road Capital Investment (TSX:QRC:CA) said the firm will invest $50M in a Moxico convertible debenture. The convertible debenture will have a five-year term, carry an 11.0% coupon, a 3% establishment fee and will be convertible into Moxico common shares at a price of GBP0.90. Moxico is an unlisted publicContinue Reading
Wolterk SK Hynix plans to invest 103T won (about $74.8B) through 2028 to bolster its chips business, Bloomberg News reported citing the South Korean company’s parent SK Group. Around 80%, or 82T won, will be set aside to invest in high-bandwidth memory, or HBM chips, SK Group said in aContinue Reading
SoftBank Group’s (OTCPK:SFTBY) Vision Fund 2 will invest between $10M and $20M in the U.S.-based artificial intelligence search startup — Perplexity AI, giving it a $3B valuation, Bloomberg reported. The investment is part of a larger $250M funding round and triples Perplexity’s earlier about $1B valuation. The deal is notContinue Reading
Wheels received a significant minority investment from Marubeni and Lithia & Driveway, part of Lithia Motors (NYSE:LAD). Wheels is a fleet management company in North America and the investment aligns Wheels with notable players in the mobility space. Marubeni has a strong track record of investing in companies across theContinue Reading
picha Carlyle Group’s (NASDAQ:CG) global credit business and Goldman Sachs (NYSE:GS) Private Credit have together committed more than $1.1B into Apex Group Ltd., the financial services provider said on Monday. Carlyle (CG) and Goldman Sachs (GS) committed to Holdco PIK notes of Apex to continue to support its growth plansContinue Reading
