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…
Vescent raises $5M to boost quantum technology commercialization
Vescent, a company that develops and manufactures quantum technology solutions, has secured $5 million in Series Seed funding from Corporate Fuel and Caruso Ventures. The funding will help Vescent accelerate its new product development, scale up its manufacturing capacity, and expand its market reach. Vescent’s products include Frequency Combs, Lasers, and Controls for various quantum…
Entain reports strong results for 2023 and announces strategic priorities
LONDON: Entain plc, the global sports betting and gaming group, announced its results for the year ended 31 December 2023, showing a 14% increase in net gaming revenue and a 1% increase in EBITDA. The group also announced its revised strategic priorities, focusing on driving organic growth, expanding online margins, and increasing US market share….
ITV reports resilient results despite ad slump
LONDON: ITV Plc, the UK’s largest commercial broadcaster, announced its full year results for 2023, showing a robust financial performance despite a challenging advertising market. The company saw a 2% drop in total revenue and a 32% fall in adjusted EBITA, but also achieved record revenues in ITV Studios and 19% growth in digital revenues….
Permanent TSB Group reports strong profits and capital position for 2023
LONDON: Permanent TSB Group Holdings plc (PTSB), one of the leading retail banks in Ireland, announced its annual results for the year ended 31 December 2023, showing a significant improvement in its profitability, capital and market share. The bank reported an underlying profit before tax of €166 million, up from €45 million in 2022, and…