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Molekule to Acquire Aura Smart Air for $10M in All-Stock Merger

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[vc_row][vc_column][vc_column_text]Molekule, a San Francisco-based air purification company, has announced a definitive agreement to acquire Aura Smart Air, a listed Israeli company specializing in smart air technology. The all-stock merger, valued at approximately $10 million, will see Molekule acquire Aura for a purchase price of around 3.5 million shares. Aura\’s patented smart air technology platform is […]

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Nano Dimension Offers to Acquire Stratasys for $18 a Share

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[vc_row][vc_column][vc_column_text]Israel-based 3D printing company Nano Dimension (NASDAQ:NNDM) has made an unsolicited offer to acquire its rival Stratasys (NASDAQ:SSYS) for $18 per share in cash, representing a 36% premium to Stratasys\’s closing price on March 1 and a 29% premium to Thursday\’s closing price. Stratasys, which confirmed receipt of the offer, surged 14% in after-hours trading,

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Ready Capital and Broadmark Realty Capital Announce Merger to Create $2.8 Billion Commercial Mortgage REIT

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[vc_row][vc_column][vc_column_text]Ready Capital and Broadmark Realty Capital have announced a definitive merger deal that will create the fourth-largest commercial mortgage REIT with a capital base of $2.8 billion. Both Ready Capital (NYSE:RC) and Broadmark Realty Capital (NYSE:BRMK) are real estate finance companies that provide loans to businesses and investors. Ready Capital focuses on small and middle-market

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Silicon Valley Bank Becomes First FDIC-Insured Institution to Fail in 2023

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[vc_row][vc_column][vc_column_text]On Friday, March 10, 2023, the Federal Deposit Insurance Corp (FDIC) closed down Silicon Valley Bank, the California-based subsidiary of SVB Financial Group. This marks the first FDIC-insured institution to fail in 2023, and the largest bank failure since the 2008 financial crisis. The closure was necessary to protect insured depositors, and all of Silicon

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Apple to restructure international sales operations, placing larger focus on India

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[vc_row][vc_column][vc_column_text]Apple is reportedly restructuring its international sales operations to place a larger focus on India, according to people familiar with the matter. The move comes as the country experiences a surge in demand for Apple products at a time when global sales have slowed down. As part of the restructuring, Apple is promoting its head

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Faraday Future calls for special meeting to raise $50M from investors

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[vc_row][vc_column][vc_column_text]Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) has announced plans to raise $50 million from institutional investors at a special shareholder meeting on March 30, 2023. The electric vehicle manufacturer stated that it aims to use the funds to strengthen its balance sheet and ramp up production. FFIE, which has struggled with production and financial

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