ADVFN US – Market Content Editor
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DeFi Development Corp Shares Climb After Acquiring Additional Solana Tokens
DeFi Development Corp. (NASDAQ:DFDV) saw its stock rise by 4.1% following the announcement of a new purchase of 17,760 Solana (COIN:SOLUSD) tokens, valued at around $2.72 million. The company, which positions itself as the first publicly traded firm with a treasury strategy focused on accumulating and compounding Solana assets, acquired these tokens at an average…
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Venture Global Shares Climb Following New 20-Year LNG Contract with PETRONAS
Venture Global, Inc. (NYSE:VG) stock gained 4.7% after the company revealed a new 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of the Malaysian state-owned energy corporation PETRONAS. According to the terms, PETRONAS will acquire 1 million tonnes per year (MTPA) of liquefied natural gas from Venture Global’s CP2 LNG…
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AST SpaceMobile Shares Gain After Securing $100 Million Equipment Financing
AST SpaceMobile (NASDAQ:ASTS) stock climbed 4% following the announcement that the company secured $100 million in non-dilutive equipment financing aimed at supporting its manufacturing expansion and network rollout plans. The developer of space-based cellular broadband networks revealed that the financing, led by Trinity Capital Inc. (NASDAQ:TRIN), will provide long-term liquidity through 2031. At closing, AST…
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Ecarx Shares Climb After Publishing Google Integration White Paper
Ecarx Holdings Inc. (NASDAQ:ECX) saw its stock increase by 7.7% following the release of a detailed white paper explaining its streamlined integration of Google Automotive Services (GAS) into vehicle infotainment systems. The mobility technology company revealed it has drastically shortened the GAS certification timeline, reducing the standard 12-18 months down to just 10 months for…
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Olo Shares Surge Following $2 Billion Acquisition Deal with Thoma Bravo
Olo Inc. (NYSE:OLO) saw its stock climb 13% on Thursday after revealing a definitive agreement to be acquired by software investment firm Thoma Bravo in a cash transaction that values the restaurant technology company at about $2 billion. According to the agreement, shareholders of Olo will receive $10.25 per share in cash, reflecting a 65%…
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Theratechnologies Shares Surge 34% After $254 Million Acquisition Announcement
Theratechnologies Inc. (NASDAQ:THTX) experienced a sharp 34% jump in its stock price after revealing it has signed a binding agreement to be acquired by CB Biotechnology, a subsidiary of Future Pak, at a price of up to $4.20 per share. The deal includes an initial cash payment of $3.01 per share along with one contingent…
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IREN Shares Jump 15% Following Major NVIDIA GPU Expansion for AI Cloud
IREN Limited (NASDAQ:IREN) saw its stock rise by 15% after announcing a substantial investment in next-generation NVIDIA (NASDAQ:NVDA) Blackwell GPUs. The company confirmed the purchase of 2,400 GPUs, valued at roughly $130 million including installation costs, fully financed through existing cash reserves. The acquisition consists of 1,300 B200 and 1,100 B300 GPUs slated for installation…
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Maase Shares Slide Following Announcement of $21 Million Private Placement
Shares of Maase Inc. (NASDAQ:MAAS) fell sharply by 12.2% after the company revealed it had entered into a definitive agreement for a private placement expected to raise around $21 million in gross proceeds. Under the terms of the deal, Maase will issue 10 million Class A ordinary shares at $2.08 each, accompanied by warrants to…
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Nvidia Stock Reaches Record High at $158.72
Shares of Nvidia Corporation (NASDAQ:NVDA) soared to a new all-time peak, closing at $158.72 per share, pushing the company’s market value to an impressive $3.84 trillion. This marks a substantial 22.6% gain over the past year, highlighting growing investor enthusiasm and confidence in Nvidia’s future. The company’s remarkable performance is fueled by its dominant position…
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U.S. Job Growth Surpasses Expectations in June
New data from the Labor Department released Thursday reveals that employment in the United States rose more than analysts had predicted during June. Non-farm payrolls increased by 147,000 jobs last month, following a revised gain of 144,000 jobs in May. Experts had forecasted a more modest rise of 110,000 jobs, compared to the initially reported…