Articles by Daniel Marsh
Mister Car Wash Exits Nasdaq After $3.1B Take-Private by Leonard Green
Mister Car Wash has been taken private by Leonard Green & Partners in a $3.1 billion deal, ending its Nasdaq listing. Shareholders received $7.00 per share.
T1 Energy Surges on Hedge Fund Stake and Short Seller Allegations
T1 Energy shares surged 17% as a hedge fund disclosed a new stake, while a short-seller report questioned the company's tax-credit eligibility and China-linked supply chain.
Biogen Closes Apellis Takeover; Focus Shifts to Syfovre Milestones
Biogen has completed its $5.6 billion acquisition of Apellis Pharmaceuticals, delisting APLS from Nasdaq. Shareholders received $41 per share plus a contingent value right linked to Syfovre sales targets.
NextNRG Shares Retreat After Doubling on Record April Sales
NextNRG Inc. shares retreated in premarket after doubling on record April revenue of $9.4 million, as cash concerns and Nasdaq listing pressure weighed on investor sentiment.
GCL Global Shares Surge on $10M ADATA Investment, Nasdaq Compliance Looms
GCL Global Holdings shares surged after ADATA invested $10M in its 4Divinity unit, but the stock still trades below Nasdaq's $1 minimum bid price, facing a Sept. 14 deadline.
Silexion Advances Pancreatic Cancer Trial Amid Cash Concerns
Silexion Therapeutics progresses its SIL204 pancreatic cancer drug into clinical trials, but a shrinking cash position and recent stock decline highlight funding challenges.
AEP Texas Resolves San Angelo Blackout Amid Rising Texas Demand
AEP Texas restored power to nearly all Tom Green County customers after a substation failure cut service to 7,800 in San Angelo. The outage comes as AEP faces scrutiny over Texas demand and a $78B capital plan.
InMed Stock Retreats After 135% Merger Rally; Deal Dilution Weighs
InMed Pharmaceuticals shares fell 14.4% in pre-market trading Wednesday, giving back some of Tuesday's 135% surge on news of an all-stock merger with Mentari Therapeutics and a $290 million private placement.
Futures Edge Up as Markets Await Nvidia Earnings and Fed Minutes
U.S. stock futures edged higher early Wednesday as traders braced for Nvidia's earnings after the close and the release of Fed minutes.
CPS Energy Breaks Ground on 120MW Battery as Outage Times Worsen
CPS Energy and OCI Energy have started building a 120MW battery storage facility in Bexar County, targeting 2027 operations. The project comes as average outage times for CPS customers rose to 75.38 minutes.
Co-Diagnostics Shares Slip After $3M Placement, Ebola Assay News
Co-Diagnostics shares declined after the company disclosed a $3 million private placement, following a sharp rally on Ebola test development news.