SANTIAGO, CHILE: Auryn Mining Corporation (OTC: AUMC) Chilean subsidiary, Auryn Mining Chile SpA has entered into a financing agreement with Strategic Investments S.A.C., valued at up to $4 million. This infusion of capital is crucial for the construction and operational launch of a 100-ton per day flotation plant, with production slated to commence in the…
Akili Inc. to merge into Virtual Therapeutics
BOSTON: Virtual Therapeutics, a company focused on improving mental health at scale using engaging, immersive games, and Akili Inc. (Nasdaq: AKLI) announced the signing of a definitive merger agreement to form a diversified, leading digital health company. Under the terms of the agreement, Akili shareholders will receive $0.4340 per share of common stock in cash….
PayPoint announces investment in Aperidata
LONDON: PayPoint Plc has today announced a £1 million investment in Aperidata Ltd, an innovative consumer and business credit reporting and Open Banking platform. The deal will see the PayPoint Group building on an existing commercial partnership between the two companies delivering Open Banking solutions for clients across multiple sectors, including government, local authorities, charities…
Adcendo ApS raises €98M in Series A extension financing
COPENHAGEN, DENMARK: Biotech company Adcendo ApS has successfully completed a second Series A extension financing, securing a total of 98 million EUR. The additional 16 million EUR funding was led by Dawn Biopharma, a platform controlled by KKR, with participation from existing investors including Novo Holdings, Ysios Capital, RA Capital Management, HealthCap, Gilde Healthcare, and…
SysGroup and Softcat plc sign partnership to drive AI/ML market growth
LONDON: SysGroup plc (AIM:SYS), a leading technology partner specializing in cloud, data, and security services for Artificial Intelligence (AI) and Machine Learning (ML) transformation, has announced an exciting strategic partnership with Softcat plc. This collaboration solidifies SysGroup’s position as one of Softcat’s trusted Machine Learning Partners. As one of the UK’s top IT Solutions and…
Home REIT plc negotiates surrender of leases for over 600 properties
LONDON: Home REIT plc has successfully negotiated the surrender of leases for over 600 properties from its largest tenant collective, Big Help. This move, which represents approximately 30% of Home REIT’s portfolio, was finalized on May 28, marking a pivotal step in the company’s efforts to stabilize its holdings and enhance rent collection. The comprehensive…
Averon Park offers to acquire Foresight Sustainable Forestry Company for £167 million
Arizona Bidco Limited, a newly formed vehicle, wholly-owned, indirectly, by Averon Park Limited, reached agreement on the terms of a recommended acquisition of the entire issued and to be issued ordinary share capital of Foresight Sustainable Forestry Company Plc (FSFC) that the Averon Park Group does not already own. Under the terms of the acquisition,…
EP Corporate and J&T Capital agree to acquire International Distribution Services for £3.568 billion
LONDON, UK: A newly formed company owned indirectly EP Corporate Group and J&T Capital Partners reached agreement on the terms and conditions of a recommended cash offer for the entire issued, and to be issued, ordinary share capital of International Distribution Services plc (IDS), other than the IDS Shares owned or controlled by VESA Equity…
Bloomsbury Publishing has acquired Rowman & Littlefield Publishing for $83 million
LONDON, UK: Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, announced the acquisition of The Rowman & Littlefield Publishing Group’s academic publishing business. It is the biggest acquisition by Bloomsbury to date, and significantly accelerates and strengthens Bloomsbury’s academic publishing in North America and Bloomsbury Digital Resources (BDR). The transaction is structured as a…
Australian Community Media proposes to be acquired by Southern Cross Media
SYDNEY: Southern Cross Media Group Limited (ASX: SXL) has recently been approached by Australian Community Media (ACM) with a proposal for Southern Cross to acquire assets of ACM. ACM’s proposal relates to a portfolio of 14 of its daily print and digital news publications, key regional/metro titles, and its agriculture division. The proposal is materially…
Newcastle-based Leazes Homes set to join Karbon Homes Group
LONDON: The green light has been given for affordable housing provider Leazes Homes to join the Karbon Homes Group as a subsidiary. Both Leazes’ and Karbon’s boards gave their approval to the partnership this week, after considering customer and colleague feedback and due diligence checks. It will see Karbon provide management services for Leazes’ 759…
Aberforth Geared Value & Income Trust plc announces IPO, offer for subscription
LONDON: Aberforth Geared Value & Income Trust plc (AGVIT) has recently published a prospectus regarding the issuance of ordinary shares and zero dividend preference shares. AGVIT is involved in a scheme of reconstruction and members’ voluntary winding up of Aberforth Split Level Income Trust plc (ASLIT) under the Insolvency Act. As part of this scheme,…