Knox Lane to Acquire Cross Country Healthcare in a $437 Million Cash Deal
Knox Lane announced a cash acquisition of Cross Country Healthcare for $437 million, pricing the deal at $13.25 per share—a 31.06% premium to the prior close. The purchase represents 11.82 times Cross Country’s EBITDA and is slated to close in the third quarter of 2026. Knox Lane, a San Francisco‑based private‑equity firm with roughly $3 billion in assets under management, aims to boost operational efficiency and digital capabilities. The deal follows a failed $18.61‑per‑share merger with Aya Healthcare that was terminated after regulatory delays.
Gundlach Warns "Bagholders" Will "Lose Money" In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest...
DoubleLine CEO Jeffrey Gundlach warned that retail investors in private credit face losses as BDCs slash asset values. Blue Owl and other BDCs have marked down tech‑focused funds, cut dividends and faced massive redemption requests, highlighting liquidity strain. JPMorgan and...
CFIUS Resuming Normal Operations
The Committee on Foreign Investment in the United States (CFIUS) has resumed normal operations after the President signed legislation funding the Department of Homeland Security. With the DHS funding gap closed, CFIUS clocks are no longer tolled and the agency...
Alphabet Finances AI Expansion Again with Billion-Euro Bonds in Europe
Alphabet tapped the euro bond market in early May 2026, issuing a six‑tranche offering worth at least €3 billion (≈ $3.2 billion). This adds to roughly $32 billion of debt raised earlier in the year across dollar, pound and franc issues. The proceeds will...
The IPO Buzz: HawkEye 360 (HAWK) Prices IPO at $26 – Top of Its Range
Defense contractor HawkEye 360 priced its IPO at the top of the $24‑$26 range, selling 16 million shares for $416 million and achieving a $2.42 billion market valuation. The company operates a constellation of over 30 satellites that provide signal‑processing services, with U.S....
Shreya Acquisition Group (SAGU.U) Prices $100M IPO
Shreya Acquisition Group (NYSE:SAGU.U) priced its $100 million initial public offering and will begin trading on the NYSE on May 7, 2026. The SPAC, led by CEO Anuj Goyal and CFO Arvind Singh Kiran Gokhool, will pursue targets in health and wellness,...
The $3 Trillion Quarter
In early 2026 a consortium of 21 banks is preparing a historic IPO for SpaceX, targeting a $1.75 trillion valuation and a $75 billion raise—2.5 times the size of Saudi Aramco’s record offering. Anthropic and OpenAI are slated to follow, together adding roughly...
XAI Will Breakeven by Renting AI Data Center to Anthropic
SpaceX’s xAI has agreed to rent roughly half of its Colossus 1 AI data center to Anthropic, moving the venture toward breakeven cash flow. The partnership gives Anthropic gigawatt‑scale compute for its Claude Pro and Claude Max services and positions both firms for...
Pharmaceutical Executive Daily: Zentalis Doses First Patient with Azenosertib in Phase III Trial
Zentalis Pharmaceuticals announced the first patient dosing in the Phase III Aspenova trial of Azenosertib, an oral WEE1 inhibitor for Cyclin E1‑positive, platinum‑resistant ovarian cancer. The study is run with the GOG Foundation, the European Network of Gynecological Oncology Trials (EN‑GOT), and...
Royal Cup Coffee and Tea Completes Farmer Brothers Acquisition
Royal Cup Coffee and Tea completed its purchase of Farmer Brothers, paying $1.29 per share for an estimated $28.3 million total. The deal, approved by shareholders in early May, takes the century‑old coffee distributor private after years as a Nasdaq‑listed company....
Lufthansa to Make Binding Offer For TAP Air Portugal
Lufthansa Group announced it will submit a binding offer for a minority stake in TAP Air Portugal, aiming to strengthen its foothold in South America. The Portuguese government is selling 44.9% of TAP to external investors while retaining a 51.1%...
Podcast: AIR CEO Stuart Brazier on AIR’s $1.7B SPAC Deal and the Business of Hookah (CAEP)
Advanced Inhalation Rituals (AIR) announced a $1.7 billion merger with Cantor Equity Partners III, a Nasdaq‑listed SPAC (ticker CAEP). The deal lifts AIR, a profitable player in the high‑margin hookah‑shisha market, into the public arena without a traditional IPO. CEO Stuart Brazier explained...
Chancery Dismisses Merger-Related Fraud Claims As Preempted Under SLUSA
The Delaware Court of Chancery dismissed the fraudulent‑inducement claims in Guerra v. Snap, ruling that the state‑law class action is preempted by the Securities Litigation Uniform Standards Act (SLUSA). The court determined that the lawsuit satisfied every SLUSA element: it...
SEC Chair Atkins Discusses Proposed Amendments for Semiannual Reporting
On May 5, SEC Chair Paul S. Atkins announced a proposal to create Form 10‑S, an optional semiannual reporting filing that would replace the three quarterly Form 10‑Q reports for public companies. The change is intended to give issuers flexibility in choosing reporting...
The IPO Buzz: Rare Earths Americas (REA) Upsizes IPO & Prices It at $19 – Top of Range
Rare Earths Americas (REA) upsized its IPO by 20%, increasing the offering to 3.33 million shares priced at $19 each, which raises about $63.33 million. The stock will begin trading on the NYSE American exchange on May 6, 2026. REA is an exploration‑stage...
Lumen to Acquire Alkira to Accelerate Its Push Into Multi-Cloud and Data Center Interconnect Services
Lumen Technologies announced a $475 million cash acquisition of cloud‑networking platform Alkira, slated to close in Q3 2026 pending regulatory approval. Alkira’s carrier‑agnostic, cloud‑native platform lets enterprises manage connectivity across AWS, Azure, Google Cloud and on‑prem environments via a single control plane....
Vernal Capital Acquisition Corp. (VECA.U) Prices $100M IPO
Vernal Capital Acquisition Corp. (VECA.U) priced a $100 million IPO and will begin trading on the NYSE on May 6, 2026. The SPAC, led by CEO Du Jun and CFO Yi Binghan, plans a generalist search for private companies in Asia with strong economics. The...
Amex Exploration Announces up to C$43.5 Million Private Placement of Common Shares
Amex Exploration Inc. announced a best‑efforts private placement of up to 9,661,000 common shares at C$4.50 per share, targeting gross proceeds of C$43.5 million (≈US$32 million). The syndicate, led by National Bank Financial and MDCP Securities, also holds an option to sell...
MiniMed IPO Points to Smarter Diabetes Devices
Medtronic spun off its diabetes technology unit MiniMed in a March IPO, offering 28 million shares at $20 each and raising roughly $538 million. Post‑offering Medtronic retains about 90 % of MiniMed’s common stock, preserving strategic control. Shortly after the listing, MiniMed secured...
Dynex Capital, Inc. (DX) An Undervalued REIT Stock to Buy On Shareholders’ Returns
Dynex Capital (DX) expanded its at‑the‑market equity distribution agreement on April 28, adding Goldman Sachs and Morgan Stanley as sales agents, boosting its capacity for future Rule 415 equity raises. The board also approved a $300 million common‑stock and $50 million preferred‑stock repurchase...
Nova Intelligence Raises $31.5M Series A Led by Chemistry to Bring Agentic AI to SAP’s $89B Migration Wave
Nova Intelligence, a San Francisco AI startup, closed a $31.5 million Series A round led by Chemistry, bringing its total capital to over $40 million. The funding is aimed at scaling its agentic AI platform that automates analysis, modernization, and code generation for...
Homerun Resources Inc. Announces Commencement of Trading of Sponsored BDR’s on the Brazil B3 Stock Exchange
Homerun Resources Inc. (TSXV:HMR) announced that its sponsored Brazilian Depositary Receipts (BDRs) began trading on Brazil’s B3 exchange under ticker HMRN31 with a 1:1 ratio to common shares. The BDRs are issued by Banco B3 and represent shares held outside...
New SPAC: Keystone Acquisition Corp. (KEYYU) Files for $250M IPO
Keystone Acquisition Corp., ticker KEYYU, has filed an S‑1 to launch a $250 million special purpose acquisition company (SPAC) IPO. The offering targets a cash pool that will be used for future acquisitions in technology or industrial sectors. The board includes...
Cambridge Financial to Acquire First Seacoast for $80.9 Million in a Cash Deal
Cambridge Financial Group announced a cash acquisition of First Seacoast Bancorp for $80.9 million. Shareholders will receive $17.25 per share, representing a 46.9% premium over the prior close. The transaction values First Seacoast at 0.97 times tangible book value and adds roughly...
Odyssey Therapeutics (ODTX) IPO Deck
Odyssey Therapeutics, a clinical‑stage biopharma specializing in precision medicines for autoimmune and inflammatory disorders, unveiled its initial public offering deck in May 2026. The company aims to raise capital to advance its Phase 2‑tested pipeline, which targets conditions such as rheumatoid...
Mobia Medical (MOBI) IPO Deck
Mobia Medical, a commercial‑stage medical‑device firm, is preparing an initial public offering to fund the next phase of its growth. The company’s flagship technology targets recovery for patients suffering chronic ischemic stroke, a condition affecting millions worldwide. Its device, already...
GMR Solutions (GMRS) IPO Deck
GMR Solutions, a nationwide provider of emergency medical services and out‑of‑hospital care, has released its initial public offering deck ahead of a planned listing. The deck outlines the company’s extensive ambulance fleet, mobile‑critical care units, and partnerships with hospitals and...
American Airlines Pilots Union Says Takeover Talks Are Happening — “Any Path Forward” Is On The Table
American Airlines pilots union President Jim Kirby, after a no‑confidence vote against CEO Robert Isom and a board that refused to meet, is now courting merger discussions, saying any path forward—including a takeover—must be considered. The union is meeting with...
Fervo Energy (FRVO) IPO Deck
Fervo Energy, a developer of enhanced geothermal systems (EGS), released its IPO deck in early May 2026. The company positions its technology as a low‑carbon, baseload power solution that can be deployed in regions lacking conventional geothermal resources. The deck...
EagleRock Land (EROK) IPO Deck
EagleRock Land (ticker ERok) unveiled an IPO deck on May 5, 2026, signaling its intent to list on a U.S. exchange. The company specializes in acquiring, holding, and managing land assets in the Permian Basin, the nation’s most productive oil and gas...
Cerebras Systems (CBRS) IPO Deck
Cerebras Systems, the maker of wafer‑scale AI processors and cloud‑based AI compute services, released its initial public offering deck in early May 2026. The presentation highlights the company’s flagship Wafer‑Scale Engine, which can deliver up to 2.5 exaFLOPs of AI...
Vodafone to Buy CK Hutchison’s 49% VodafoneThree Stake for £4.3bn
Vodafone has agreed to buy CK Hutchison’s 49% stake in the UK VodafoneThree joint venture for £4.3 bn (about $5.5 bn), valuing the combined business at roughly £13.85 bn ($17.7 bn). The transaction is slated to close in the second half of 2026, pending...
The Current Tariff Landscape & Implications for M&A
Tariffs are no longer viewed as a short‑term hiccup but as a recurring operational and transactional risk for dealmakers, according to a recent Debevoise briefing. The firm urges acquirers to embed tariff exposure in diligence, valuation and deal structuring, including...
GalaxyEdge Acquisition Corporation (GLED) to Combine with Rongcheng Group in $350M Deal
GalaxyEdge Acquisition Corp (GLED) announced a definitive merger agreement with China’s Rongcheng Group, a waste‑sorting and recycling specialist, in a transaction valued at roughly $350 million. The deal combines $300 million in cash with $50 million of GalaxyEdge stock, positioning Rongcheng to become...
Pharmaceutical Executive Daily: UCB to Acquire Candid Therapeutics
UCB signed a definitive agreement to acquire privately held Candid Therapeutics for $2 billion upfront with up to $200 million in milestones. The deal, slated to close by late Q2 or early Q3 2026 pending antitrust clearance, adds a suite of T‑cell engager...
A Tumultuous Bidding War For a Mortgage REIT – The Special Situations Report Episode 65
The latest Special Situations Report podcast spotlights a fierce bidding war for mortgage REIT Two Harbors, with two of the nation’s largest mortgage lenders vying for control. It also covers Five9’s accelerated share repurchase program, which amounts to roughly 15%...
![Industry Report: Cybersecurity Services [Solganick & Co.]](https://hixhlmpcokxhartfkpyi.supabase.co/storage/v1/object/public/images/thumbnails/c5827f81da34b587f074aa1477ef2af5.webp)
Industry Report: Cybersecurity Services [Solganick & Co.]
Solganick & Co.’s latest industry report shows that cybersecurity services M&A remains robust, with 105 deals in Q4 2025 and another 76 transactions through February 2026. Managed security service providers (MSSPs) are the primary focus, highlighted by deals such as...
ADG 5/4: Dissents and Sensibility
Prediction‑market contracts on Kalshi show traders assigning GameStop only a 26% chance of completing a cash‑and‑stock acquisition of eBay by 2026, despite the deal’s $55.5 billion valuation far exceeding GameStop’s roughly $11.9 billion market cap. Meanwhile, the Federal Open Market Committee recorded...
Blueport Acquisition Ltd. (BPAC) to Combine with SingAuto in $1.2Bn Deal
Blueport Acquisition Ltd. (BPAC), a special‑purpose acquisition company, announced a definitive agreement to merge with SingAuto, a Singapore‑based autonomous‑vehicle technology firm. The transaction values the combined enterprise at roughly $1.2 billion, including cash held in BPAC’s trust account. Upon closing, SingAuto...
Project44 Announced Its Acquisition of Lunapath.ai
Project44 announced the acquisition of AI‑focused startup Lunapath.ai, merging its real‑time visibility network with Lunapath’s predictive analytics engine. The deal creates a unified platform that not only tracks shipments across modes but also forecasts bottlenecks, recommends alternative routes, and learns...
Long Lake Management to Acquire Global Business Travel Group for $6.3 Billion in Cash
Long Lake Management announced a cash acquisition of Global Business Travel Group for $6.3 billion, offering Amex GBT shareholders $9.50 per share—a 60.2% premium to the prior close. The deal, backed by investors such as General Catalyst and Koch Equity Development,...
Adviser Links: A Fool’s Errand
The latest adviser roundup spotlights accelerating AI integration, strategic M&A, and shifting workforce dynamics in wealth management. iCapital has teamed up with Anthropic’s Claude to embed generative AI into its platform, while Y‑Combinator‑backed Astor secured $5 million to test a subscription‑based...
The Security Advantage in M&A Deals: 5 Foundations for Secure Collaboration
The article outlines five security foundations that must be embedded in M&A collaboration environments, starting with the decision where data is hosted—whether in a private cloud, on‑premise, or a custom AI model. It stresses that encryption, granular access controls, audit...
Morning SPAC News Roundup: May 4, 2026
The May 4, 2026 Morning SPAC News Roundup, authored by Nicholas Alan Clayton, compiles the latest special‑purpose acquisition company (SPAC) activity for the week. While the full content is gated behind a subscription, the post typically highlights new SPAC filings, merger announcements,...
Global Net Lease to Acquire Modiv Industrial in a $535 Million Stock Deal
Global Net Lease (GNL) announced a definitive merger agreement to acquire Modiv Industrial (MDV) in an all‑stock transaction valued at approximately $535 million. Modiv shareholders will receive 1.975 newly issued GNL shares per Modiv share, translating to $18.82 per share—a 16.97%...
Magna Mining Announces Conditional Approval to Graduate to the Toronto Stock Exchange
Magna Mining Inc. has secured conditional approval to list its common shares on the Toronto Stock Exchange, with final approval required by July 29, 2026. The move will see its shares delisted from the TSX Venture Exchange while retaining the...
What Are IPOPs and Is This the New Crypto Casino?
On May 1, 2026 crypto perpetuals platform trade.xyz introduced Pre‑IPO Perpetuals (IPOPs), a cash‑settled futures product that lets anyone trade synthetic exposure to a company before it lists. The inaugural IPOP tracks Cerebras Systems, an AI‑chip maker slated for a mid‑May...
Earnouts: Chancery Allows Narrow Fraud Claim to Continue; Dismisses Breach Claim
The Delaware Chancery Court in Meyers v. Zimmer Biomet Holdings dismissed breach of contract claims tied to an earnout’s commercially reasonable efforts clause and the implied covenant, but let a narrow fraud claim survive. Zimmer’s 2022 acquisition of Embody, Inc....
Gibson Dunn Discusses Exemptive Relief Allowing 10-Business Day Equity Tender Offers
On April 16, 2026 the SEC’s Division of Corporation Finance issued an exemptive order that shortens the mandatory minimum period for equity tender offers from 20 to 10 business days. The relief applies to friendly third‑party and issuer tender offers...
The IPO Buzz: HawkEye 360 (HAWK Proposed) Tops Short List in Early May
HawkEye 360, a U.S. Department of Defense contractor that operates a satellite signal‑processing platform, is slated to raise roughly $400 million by offering 16 million shares at $24‑$26 on the NYSE. The mid‑point pricing of $25 would make the offering the largest...