OSLO: A new tire recycling plant is set to be built in Sweden, thanks to a partnership between Pyrum Innovations AG and GreenTech Recycling Tires AB. The two companies signed a consulting agreement last week for the construction of a joint pyrolysis plant in Billingsfors, Sweden, that will convert end-of-life tires into valuable products such…
Coinsilium Group raises strategic financing to boost Web3 ventures
LONDON: Coinsilium Group Limited, a Web3 advisor, venture builder and investor, has announced a strategic financing of £472,500 through the issue of 18.9 million new ordinary shares at 2.5p per share. The financing also includes the participation of the company’s executive chairman and chief executive officer, who subscribed for £40,000 worth of shares. The company…
Essentially Group to acquire Best of Latin Foodstuff Trading for £1.945 million
LONDON, UK: Essentially Group’s wholly owned subsidiary, Essentially Holdings Limited, a company registered in Abu Dhabi Global Market, has signed a share purchase agreement for the acquisition of the entire share capital of Best of Latin Foodstuff Trading LLC from the sole shareholder, Catalina Oñate, for a total consideration of £1,945,000. The consideration is to…
CARiD secures $35 million for automotive e-commerce expansion
CARiD, a prominent player in the automotive e-commerce market, has announced the completion of a substantial $35 million funding round, marking a significant financial achievement for the company. This infusion of capital is a nod to the company’s robust strategic plan, innovative edge, and resilience in the competitive landscape. Since its inception in 2008, CARiD…
Cathedra Bitcoin Inc. merges with Kungsleden Inc.
Cathedra Bitcoin Inc., a diversified bitcoin mining company, has announced a merger with Kungsleden, Inc., a key player in high-density compute infrastructure. The binding share exchange agreement, dated March 6, 2024, is set to result in a reverse takeover, with Kungsleden becoming a wholly owned subsidiary of Cathedra. Upon the merger’s completion, Kungsleden shareholders are…
Kinbow in talks to acquire majority shares in Ashley Stewart
In a significant move within the fashion retail industry, ASI Holdco, LLC, the parent company of Ashley Stewart, has announced its intention to sell a majority stake to Kinbow LLC. This strategic partnership is expected to be finalized by the end of March 2024. Ashley Stewart, a prominent retailer known for its wide range of…
Inca Minerals winds down operations in Peru due to high cost
SYDNEY, AUSTRALIA: Inca Minerals (ASX: IGC), known for its Riqueza project in Peru, has announced the shutdown of its operations in the country due to high costs and complex regulations, a news announcement noted. Despite 18 months of seeking funding partners, no successful agreements were reached. The company will now focus on its Australian exploration…
Aspen Group proposes to buy Eureka Group in a share exchange deal
SYDNEY , AUSTRALIA: Aspen Group Limited (ASX: APZ) has announced an offer to acquire all shares of Eureka Group Holdings. The proposal, known as the Aspen Offer, entails exchanging 0.26 Aspen Securities for each Eureka Share, marking a 15.6% increase from the previously indicated non-binding offer. Aspen Group, renowned for providing quality accommodation to nearly…
Exopharm set to acquire Tryp Therapeutics
SYDNEY, AUSTRALIA: , Exopharm Limited has announced an agreement to acquire all issued capital of Tryp Therapeutics Inc. through a Canadian plan of arrangement. The deal will see Tryp shareholders receive 3.616 Exopharm shares for each Tryp share held, marking a substantial shift in Exopharm’s business scale and activities. The acquisition necessitates shareholder approval and…
How to avoid deceptive marketing practices in influencer marketing
Influencer marketing has become an integral part of modern advertising strategies with social media platforms serving as key avenues for brands to reach their target audience. An influencer-driven marketing campaign is a promotional strategy that leverages the popularity, credibility, and reach of social media influencers to endorse or promote a brand, product, or service. Online…
Mimi Stansbury becomes new CEO of OFS Portal LLC
OFS Portal, LLC, a leading provider of B2B eCommerce solutions for the energy industry, has appointed Mimi Stansbury as its new CEO, effective 1 March 2024. She succeeds Chris Welsh, who has led the firm for nine years and expanded its community from 200 to over 600 oil & gas operators. Mimi Stansbury has a…
Indicor buys AGR International, a leader in beverage packaging quality control
Indicor, LLC., a diversified industrial company, has announced the acquisition of AGR International, a provider of quality and process control technologies for the global beverage packaging industry. AGR’s solutions help customers meet their quality, productivity, and sustainability goals by offering laboratory and inline equipment and automated process systems. AGR has a strong market position and…