Combination

Renesas Delivers New RA8 MCU Group Targeting Graphic Display Solutions and Voice/Vision Multimodal AI Applications

Retrieved on: 
Tuesday, December 12, 2023

Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today introduced the RA8D1 microcontroller (MCU) group.

Key Points: 
  • Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today introduced the RA8D1 microcontroller (MCU) group.
  • The RA8D1 group is the second in Renesas’ RA8 Series, the first MCUs based on the Arm® Cortex®-M85 processor.
  • Renesas also provides support for open-source Light and Versatile Graphics Library (LVGL) and a robust network of graphics and AI ecosystem partners.
  • Renesas has the broadest portfolio of 8-, 16- and 32-bit devices, delivering unmatched quality and efficiency with exceptional performance.

Madryn Asset Management, a Top Shareholder of SomaLogic, Issues Letter Regarding Opposition to the Company’s Proposed Merger with Standard BioTools

Retrieved on: 
Tuesday, December 12, 2023

Additionally, Madryn announced it has filed a preliminary proxy statement with the Securities and Exchange Commission (“SEC”) in order to solicit proxies in opposition to the Merger.

Key Points: 
  • Additionally, Madryn announced it has filed a preliminary proxy statement with the Securities and Exchange Commission (“SEC”) in order to solicit proxies in opposition to the Merger.
  • That is why we intend to vote AGAINST the Merger at the upcoming Special Meeting on January 4, 2024.
  • Additionally, we have taken steps to soon be in a position to actively solicit your votes AGAINST the Merger.
  • In the meantime, we urge you to reach out to SomaLogic to express your views on the Merger.

Renesas Programmable Motor Driver ICs Are First to Enable Full Torque at Zero Speed for Sensorless Brushless DC Motors

Retrieved on: 
Wednesday, December 6, 2023

Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today introduced a family of motor driver ICs for brushless DC (BLDC) motor applications.

Key Points: 
  • Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today introduced a family of motor driver ICs for brushless DC (BLDC) motor applications.
  • The devices implement Renesas’ new, patent-pending technologies that enable full torque at zero speed from motors without sensors, an industry first.
  • The new motor driver ICs enable Renesas customers to design sensorless BLDC motor systems with higher horsepower and speed at a given torque.
  • The ability to enable full torque at zero speed without sensors is made possible by two Renesas innovations.

Beard Energy Transition Acquisition Corp. and Suntuity Renewables Mutually Agree to Terminate Business Combination Agreement

Retrieved on: 
Monday, November 27, 2023

Beard Energy Transition Acquisition Corp., a special purpose acquisition corporation (“BRD” or the “Company”) (NYSE: BRD, BRD.U, BRD.WS), and Suntuity Renewables, a leading provider of renewable energy solutions (“Suntuity”), announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.

Key Points: 
  • Beard Energy Transition Acquisition Corp., a special purpose acquisition corporation (“BRD” or the “Company”) (NYSE: BRD, BRD.U, BRD.WS), and Suntuity Renewables, a leading provider of renewable energy solutions (“Suntuity”), announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.
  • In connection therewith, BRD will redeem all of its outstanding shares of Class A common stock (the “Class A Shares”) on or about December 12, 2023.
  • There will be no redemption rights or liquidating distributions with respect to BRD’s warrants, which will expire without value.
  • After December 12, 2023, BRD will cease all operations except those required to wind up BRD’s business.

World View and Leo Holdings Corp. II Intend to Mutually Agree to Terminate Business Combination Agreement

Retrieved on: 
Friday, November 17, 2023

World View, a global leader in stratospheric exploration and flight, and Leo Holdings Corp. II (NYSE: LHC) (“Leo”), a special purpose acquisition company (“SPAC”), announced today that they intend to mutually agree to terminate their previously announced business combination agreement (the “Business Combination Agreement”).

Key Points: 
  • World View, a global leader in stratospheric exploration and flight, and Leo Holdings Corp. II (NYSE: LHC) (“Leo”), a special purpose acquisition company (“SPAC”), announced today that they intend to mutually agree to terminate their previously announced business combination agreement (the “Business Combination Agreement”).
  • Over the course of 2023, World View received strong interest from potential investors.
  • However, given challenging market conditions, World View and Leo jointly determined that it was the best course of action at this time to not proceed with their previously announced transaction.
  • In view of the expected termination of the Business Combination Agreement, Leo determined that it will not be able to consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (as amended, the “Articles”).

Sio Silica Corporation to Go Public via Business Combination With Pyrophyte Acquisition Corp., Accelerating Mission to Disrupt the Market for High-Purity Quartz Silica, a Critical Mineral in the World’s Transition to Net Zero

Retrieved on: 
Monday, November 13, 2023

Once the processing facility becomes operational, Sio expects to become a leading environmentally friendly producer of high-purity quartz silica, a unique natural resource and critical mineral.

Key Points: 
  • Once the processing facility becomes operational, Sio expects to become a leading environmentally friendly producer of high-purity quartz silica, a unique natural resource and critical mineral.
  • Anticipated applications for Sio’s high-purity quartz silica include photovoltaics, solar panels, semiconductors, electronics and batteries.
  • Expects to become a leader in the rapidly expanding high-purity quartz silica industry with no current plans to rely on government subsidies.
  • High-purity quartz silica currently represents a $30 billion total addressable market by 2030 for photovoltaics, solar panels, semiconductors and batteries.

Vaso Corporation, a Diversified Medical Technology Company Currently Trading on the OTCQX Market, to List on Nasdaq via SPAC Merger

Retrieved on: 
Thursday, December 7, 2023

The transaction values Vaso at a pro forma equity value of approximately $176 million at $10 per share.

Key Points: 
  • The transaction values Vaso at a pro forma equity value of approximately $176 million at $10 per share.
  • Upon closing of the transaction, existing Vaso shareholders will receive consideration consisting entirely of shares of the surviving public combined company.
  • PLAINVIEW, NY, Dec. 7, 2023 /PRNewswire/ - Vaso Corporation ("Vaso," or "the Company"), a diversified medical technology company currently trading on the OTCQX market, today announced its plan to uplist from the OTCQX market to the Nasdaq Stock Market via a business combination (the "Transaction") with Achari Ventures Holdings Corp.
  • Katten Muchin Rosenman LLP is acting as legal advisor to Achari and Ortoli Rosenstadt LLP is acting as legal advisor to Vaso.

White Glove and TouchFuse Announce Merger, Creating a Full-Service, Omni-Channel Marketing Services Company for Financial Advisors

Retrieved on: 
Wednesday, November 29, 2023

TROY, Mich. and TAMPA, Fla., Nov. 29, 2023 /PRNewswire/ -- White Glove and TouchFuse, which includes the LeadJig, Prospectix and Acquire Direct businesses, announced today the merger of the two companies, creating  a full-service, omni-channel marketing services company focused exclusively on financial advisors. Financial terms of the transaction were not disclosed. White Glove is backed by Rockbridge Growth Equity ("Rockbridge"), a partnership-oriented middle market private equity firm with a differentiated approach to building and growing companies.

Key Points: 
  • White Glove is backed by Rockbridge Growth Equity ("Rockbridge"), a partnership-oriented middle market private equity firm with a differentiated approach to building and growing companies.
  • "We believe the combination of White Glove and TouchFuse is transformational for the industry, offering financial advisors a one-stop-shop with true omni-channel capabilities and the best of both traditional direct mail and digital media offerings," said Mr. Bogich.
  • "Bringing these two companies together means that advisors will gain access to more marketing solutions all within a single platform," said Mr.
  • "With this merger, White Glove and TouchFuse will become the go-to source for financial advisors, offering critical solutions across the marketing funnel.

Arcfield Acquires Orion Space Solutions

Retrieved on: 
Wednesday, November 29, 2023

CHANTILLY, Va., Nov. 29, 2023 /PRNewswire/ -- Arcfield, a leading government technology and mission support provider, announced today that it has completed its acquisition of Orion Space Solutions (Orion), a Colorado-based developer of end-to-end space mission capabilities and solutions.

Key Points: 
  • Combination will deliver space superiority and resiliency solutions to U.S. government agencies
    CHANTILLY, Va., Nov. 29, 2023 /PRNewswire/ -- Arcfield, a leading government technology and mission support provider, announced today that it has completed its acquisition of Orion Space Solutions (Orion), a Colorado-based developer of end-to-end space mission capabilities and solutions.
  • Arcfield and Orion Space Solutions combo will deliver space superiority and resiliency solutions to the  U.S. government
    The acquisition of Orion enhances Arcfield's space exploration and hypersonic detection and tracking capabilities for agencies in the Department of Defense (DOD) and Intelligence Community (IC) by bringing expertise in sensor and payload design, SmallSat and CubeSat spacecraft integration and manufacturing, and space mission operations and data analysis to the company.
  • "Arcfield has a long history of delivering innovative solutions across the space domain, and we believe the acquisition of Orion enhances Arcfield's ability to provide next-generation space technologies in support of DOD and IC missions," said Kevin Kelly, chairman and chief executive officer, Arcfield.
  • "We look forward to welcoming the Orion team into the Arcfield family and further developing our collective solutions."

ProPharma Launches an Integrated MedTech Organization Providing End-to-End Solutions for Innovators

Retrieved on: 
Thursday, November 16, 2023

RALEIGH, N.C., Nov. 16, 2023 /PRNewswire-PRWeb/ -- ProPharma Group, the world's largest Research Consulting Organization (RCO) and the leading global provider of regulatory, clinical and quality compliance services for the life sciences industry, has today launched a new Integrated Global MedTech Practice to provide end-to-end solutions for medical technology companies.

Key Points: 
  • ProPharma Group has today launched a new Integrated Global MedTech Practice to provide end-to-end solutions for medical technology companies.
  • "ProPharma's new MedTech practice has extensive experience and offers scalable solutions tailored to client needs, regardless of size or geography" –Dr.
  • The MedTech organization includes Regulatory Strategy, Clinical Strategy and Development, Quality Management and Compliance, Market Access and Reimbursement, and Post Market Surveillance.
  • For more information about ProPharma Group's Global MedTech Practice and its suite of services, please visit https://www.propharmagroup.com/ .