MELBOURNE: AdNeo Ltd (ASX:AD1) has completed its second acquisition of the quarter, purchasing all assets and intellectual property of Aspire Learning Resources, a not-for-profit provider of vocational education content, in a deal valued at under AU$100,000. The acquisition follows AdNeo’s August purchase of Learnt Group, which included Catapult, Edify, Violet AI, and Vasto. Aspire’s integration…
SpaceX to acquire EchoStar Spectrum for $17 billion, supercharging Starlink’s 5G ambitions
Elon Musk’s SpaceX announced Monday it will acquire wireless spectrum licenses from EchoStar for approximately $17 billion, marking a pivotal move to accelerate the rollout of its Starlink direct-to-cell satellite network and expand its footprint in the competitive 5G connectivity space. The deal includes a strategic partnership enabling Boost Mobile—EchoStar’s prepaid wireless brand—to tap into…
Cognition raises $400 million, joins $10 billion AI startup club after Windsurf acquisition
Artificial intelligence startup Cognition said on Monday it had raised $400 million in a funding round led by Peter Thiel’s funded Founders Fund, valuing the company at $10.2 billion, including the fresh capital. The San Francisco-based firm, known for its AI software engineer Devin, gained prominence in July after acquiring Windsurf, a rival startup whose…
Dar Global to acquire prime Jeddah land for SAR 2.4 billion luxury mixed-use project
Dar Global PLC said on Monday it has signed an agreement with Dar Al Arkan Real Estate Development Company to acquire a prime land parcel in Jeddah, Saudi Arabia, for the development of a luxury mixed-use project valued at approximately SAR 2.4 billion ($640 million). The site, spanning around 28,800 square metres, is located within…
StubHub targets $851 million in NYSE IPO, eyes $9.2 billion valuation
StubHub is seeking to raise up to $851 million in its initial public offering, aiming for a valuation of as much as $9.2 billion, according to a regulatory filing published Monday. The ticket resale platform plans to offer more than 34 million shares priced between $22 and $25 each. The company will list on the…
Fiinu Plc reports half-year results, highlights strategic progress and capital raises
The company reported a loss before tax of £980,338, reflecting increased costs LONDON: Fiinu Plc, the fintech group behind the Plugin Overdraft® and recently re-admitted to trading on AIM following its acquisition of Everfex P.S.A., on Monday announced its unaudited half-year results for the six months ended June 30, 2025, underscoring strategic momentum and capital-raising…
Invinity signs MoU with Xiamen C&D to advance vanadium battery manufacturing in China
LONDON: Invinity Energy Systems plc (AIM: IES) (OTCQX: IESVF), a global leader in utility-grade energy storage, has signed a non-binding memorandum of understanding with Xiamen C&D Corporation Limited to explore the establishment of manufacturing facilities for vanadium flow batteries in Xiamen. The agreement, signed during the opening of the UK Government Pavilion at the 25th…
Roquefort Therapeutics to acquire Coiled Therapeutics in £30 million reverse takeover
LONDON: Roquefort Therapeutics plc (LSE:ROQ), a Main Market-listed biotech firm, said Monday it has entered into a binding term sheet to acquire Coiled Therapeutics, Inc., a clinical-stage oncology company spun out from A2A Pharmaceuticals, in a reverse takeover valued at £30 million. The deal, payable in shares, would give Roquefort full ownership of Coiled USA…
Guardian Metal Resources plans U.S. share offering, exchange listing in 2026
LONDON: Guardian Metal Resources PLC (LON: GMET), a tungsten exploration and development company, said Monday it plans to offer ordinary shares or American Depositary Receipts (ADRs) in the United States and pursue a listing on a U.S. securities exchange. The offering is expected to be completed in the first half of 2026, with proceeds earmarked…
Project Glow Topco Considers London IPO for Beauty Tech Group
LONDON: Project Glow Topco Limited, the holding company of The Beauty Tech Group Limited, said Monday it is considering an initial public offering and plans to publish a registration document later today. The company is evaluating a potential listing of its ordinary shares on the equity shares (commercial companies) category of the Financial Conduct Authority’s…
Alstom wins €538M contract for New Zealand’s first battery-electric commuter trains
PARIS: Alstom has secured a €538 million (NZD$1.065 billion) contract from the Greater Wellington Regional Council to supply 18 battery-electric multiple unit (BEMU) trains and provide 35 years of fleet maintenance, marking the debut of zero-emission commuter rail in New Zealand. The 5-car Adessia Stream B trains, manufactured at Alstom’s Savli facility in India, will…
Frontier Digital Ventures posts record EBITDA despite revenue dip in H1 2025
Operating EBITDA, which includes contributions from equity-accounted associates Zameen and PakWheels in Pakistan, rose 102% to A$5.0 million SYDNEY: Frontier Digital Ventures Ltd. (FDV), a leading operator of online classifieds marketplaces in emerging markets, reported a record statutory EBITDA of A$3.2 million for the first half of 2025, up 71% from the prior-year period, despite…