Merger & Acquisition News

TORONTO & SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced it has signed a definitive agreement to acquire MJ Platform, Leaf Data Systems and Ample Organics (collectively, the “Acquired Companies”) from Akerna Corp. (Nasdaq: KERN) for US$4 million in an all-cash transaction (the “Acquisition”). Strategic Rationale The Acquired Companies are expected...

CORAL GABLES, Fla.--(BUSINESS WIRE)--Professional Holding Corp. (the “Company”) (NASDAQ:PFHD), the parent company of Professional Bank (the “Bank”), today reported net income of $4.3 million, or $0.31 per share, for the fourth quarter of 2022, compared to net income of $8.5 million, or $0.63 per share, for the third quarter of 2022, and net income of $4.0 million, or $0.30 per share, for the fourth quarter of 2021. Chief Financial Officer Mary Usategui noted that the Company continued to perfor...

WASHINGTON--(BUSINESS WIRE)--FiscalNote Announces Acquisition of Dragonfly, a Leading Geopolitical Data & Security Intelligence Company for Decision-Makers at Global Companies...

LONDON--(BUSINESS WIRE)--Acuity Knowledge Partners (“Acuity”), a leading provider of high-value research, analytics and business intelligence to the financial services sector, today announces that funds advised by Permira, the global private equity firm, have acquired a majority stake in the business from Equistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity investors. Equistone will reinvest in Acuity as a minority shareholder. Acuity’s management team also...

PARIS--(BUSINESS WIRE)--Regulatory News: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE): In the context of its future spin-off, TotalEnergies EP Canada Ltd announces that it has exercised its preemption right to acquire an additional 6.65% interest in the Fort Hills Energy Limited Partnership and associated sales and logistics agreements from Teck Resources Limited, for a consideration of 312 million Canadian Dollars. Fort Hills is located 90 kilometers North of Fort McMurray in the Province of...

CHARLESTON, S.C.--(BUSINESS WIRE)--WSC & Company, LLC (“WSC”), announced today the investment in YardWorks and the formation of Yard Alliance. YardWorks, headquartered in Charleston, South Carolina, is a residential landscape design, maintenance, and installation company that specializes in servicing high-end homeowners. The current managers of the business will continue to lead YardWorks and the business will function as part of the newly formed Yard Alliance, led by former WSC Director, W...

CHICAGO--(BUSINESS WIRE)--OneSpan Inc. (NASDAQ: OSPN), the digital agreements security company, today announced that it has agreed to acquire ProvenDB, an Australia-based startup that delivers secure storage and vaulting for documents based on blockchain technology, to provide an industry-leading trust model for high assurance contracts and documents. ProvenDB will extend the capabilities of OneSpan’s Transaction Cloud Platform to both public and private blockchains and serve as a modern techno...

FAIRMONT, W.Va. & RALEIGH, N.C.--(BUSINESS WIRE)--MVB Financial Corp. (Nasdaq: MVBF) (“MVB” or “MVB Financial”) and Integrated Financial Holdings, Inc. (OTCQX: IFHI) (“IFHI”), jointly announced today that each has received shareholder approval of the Agreement and Plan of Merger and Reorganization, dated as of August 12, 2022 (the “Merger Agreement”), by and between MVB and IFHI, and the transactions contemplated thereby, including the merger of IFHI with and into MVB, with MVB as the surviving...

SAN JOSE, Calif.--(BUSINESS WIRE)--Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced that the Special Meeting of Stockholders ("Special Meeting") to approve the proposed merger with Ouster, Inc. (NYSE: OUST) and related matters was convened and adjourned without conducting any business. The Special Meeting will reconvene at 9:00 a.m. PT on February 3, 2023. According to Velodyne bylaws, 50% of shareholders must participate to reach the required quorum for the Special Meeting. In additi...

PASADENA, Calif.--(BUSINESS WIRE)--RealDefense LLC, a company that specializes in privacy, security, and productivity software and services, has completed its roll-up of SUPERAntiSpyware from Support.com for an undisclosed amount. This transaction marks the fifth consumer software brand acquisition for RealDefense since 2017, as part of its roll-up strategy. SUPERAntiSpyware, founded in 2004, is known for its AI-powered malware detection engine and database. Its flagship product has over 65 mil...