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

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

[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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