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After all, he's owned it since he helped arrange a merger to create the entity in 2015. The merger was worth roughly $45 billion, creating a food giant that owns such famous brands as Kraft, Heinz, Oscar Meyer, Kool-Aid, Jell-O, Capri-Sun, and more. However, the merger also loaded up the new entity with debt.
QuantumScape, a developer of solid-state batteries, merged with a special purpose acquisition company (SPAC) in November 2020. on the first day before soaring to an all-time high of $131.67 and rose to its post-merger high of $35.69 Its low debt-to-equity ratio of 0.1 Its shares opened at $24.80 a month later.
It expects its revenue to grow at least 74% in 2024 and rise by more than 88% from that baseline in 2025 as it expands its ecosystem with more acquisitions. Evolv went public through a reverse merger with a blank-check company in July 2021. However, in a pre-merger presentation, the company claimed it could grow its revenue from $20.2
Rocket Lab USA (NASDAQ: RKLB) , the creator of the Electron orbital rocket, went public by merging with a special purpose acquisition company (SPAC) three years ago. Like many other SPAC-backed companies, Rocket Lab set the bar too high during its pre-merger investor presentation. How fast is Rocket Lab growing?
BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. Before BigBear.ai went public, it provided some ambitious growth targets in its pre-merger presentation. BigBear.ai's prospects sounded promising, but it broadly missed its rosy pre-merger targets. on April 6, 2022.
Unlike AT&T and Verizon , which expanded their wireless networks to reduce their dependence on wireline connections, Lumen shunned the wireless market and expanded its wireline business through a series of mergers and acquisitions. billion in long-term debt and a staggering debt-to-equity ratio of 70. billion in 2024.
After its 2022 merger with Kirkland Lake Gold and its acquisition of Yamana's Canadian assets, Agnico has emerged as a leading producer of gold -- and profits. in net debt to earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ). The stock sells for about 11.2 billion in cash.
QuantumScape (NYSE: QS) , a developer of solid-state batteries, went public by merging with a special purpose acquisition company (SPAC) on Nov. A $2,000 investment in the stock on the first day would have briefly blossomed to over $10,600 before withering to about $560 today. Its stock started trading at $24.80 billion in 2028.
The maker of solid-state batteries went public by merging with a special purpose acquisition company (SPAC) on Nov. on its first trading day before skyrocketing to an all-time high of $131.67 But it didn't reiterate or update its pre-merger revenue or adjusted EBITDA estimates. 27, 2020, and its stock opened at $24.80
For example, its ratio of debt to EBITDA ( earningsbeforeinterest, taxes, depreciation, and amortization ) is generally among the lowest of its closest peer group. Acquisitions are partly to blame for that trend, but investors need to understand that leverage increases risk.
The logic behind the spinoff was that it would unlock shareholder value and allow each company to more easily pursue mergers and acquisitions (M&A), allocate capital, and compensate employees as a pure play focused on one industry. billion in adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ).
SoundHound AI (NASDAQ: SOUN) went public by merging with a special-purpose acquisition company (SPAC) on April 28, 2022. During its pre-merger presentation, SoundHound predicted that its revenue would rise from $13 million in 2020 to $20 million in 2021, and then grow to $28 million in 2022. However, its high debt-to-equity ratio of 3.1
Tilray's acquisitions of U.S.-based These strategies contributed to the company's adjusted earningsbeforeinterest, taxes, depreciation and amortization ( EBITDA ) increase of 93% to $22 million in the quarter, which was its 17th consecutive quarter of positive adjusted EBITDA. million in its fiscal Q4.
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 But in 2023, the company's revenue plunged, its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) margin declined, and it stayed unprofitable.
Like many other electric vehicle start-ups, Nikola went public by merging with a special purpose acquisition company ( SPAC ) and set some overly ambitious long-term goals. In its pre-merger presentation in 2020, it claimed it could ship 600 battery-powered electric trucks (BEVs) in 2021, ship 1,200 BEVs in 2022, and ship 3,500 BEVs in 2023.
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. Its growth accelerated in 2021 as the housing market recovered but slowed again in 2022 and 2023 as inflation and rising interest rates drove away potential buyers and sellers.
While Berkshire has owned the Liberty Media tracking stock since 2016, which tracked Liberty's large stake in Sirius, Berkshire has increased its bet on the satellite radio operator this year, ahead of the tracking stock's merger with publicly traded Sirius shares in a simplification merger in September. billion repurchase program.
Discovery still needs help Ever since the company was formed by the merger of AT&T 's WarnerMedia and Discovery Communications in 2021, the company has underperformed as it's struggled with a bloated debt burden, questionable management decisions, and a lack of any growth strategy. billion, helped by its acquisition of BluTV.
It takes time for a big merger to reveal its full potential. Tilray is gradually becoming the bigger and better company that the merger aimed to create. With these acquisitions, management hopes to expand in the U.S. This should help the company reduce its debt and plan any future acquisitions.
Wesco earned $3.71 The sales figure was up 5% year over year, but adjusted earningsbeforeinterest, taxes, earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) was flat compared to a year prior and gross margin fell by 10 basis points to 21.6%. per share on revenue of $5.75
Despite this track record of success -- along with earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) and FCF growth of 81% and 73% over the last five years -- the share price for MTY stock trading over the counter in the U.S. is down 40% from its high. percentage points.
The beauty of this high FCF margin is that it arms management with excess cash to use on mergers and acquisitions (M&A). Since 2015, Motorola has spent roughly $6 billion on more than 20 acquisitions, further building out its technological prowess across all three of its product groups.
SoundHound AI (NASDAQ: SOUN) went public by merging with a special purpose acquisition company (SPAC) last April. SoundHound fell short of its pre-merger expectations, and rising interest rates exacerbated that pain by compressing its valuations. The audio and speech recognition company's stock opened at $8.72
Private equity giant Bain Capital is said to be considering an acquisition of education software provider PowerSchool Holdings (NYSE: PWSC). The Wall Street Journal says that Bain is in talks to take the company private in a deal that would value PowerSchool at about $6 billion, including its $1 billion in debt.
The company went public by merging with a special purpose acquisition company ( SPAC ) in February 2021. It actually exceeded its pre-merger estimates by growing revenue by 65% in fiscal 2022 and 94% in fiscal 2023. In addition, it will need to keep raising cash with more debt and equity offerings to stay afloat.
Nikola (NASDAQ: NKLA) , a maker of electric semi-trucks, went public by merging with a special purpose acquisition company (SPAC) in June 2020. In its pre-merger presentation, it told investors it could deliver 600 BEVs in 2021, 1,200 BEVs in 2022, and 3,500 BEVs in 2023. As for its liquidity, its manageable debt-to-equity ratio of 0.8
SoFi Technologies (NASDAQ: SOFI) , a provider of online financial services, went public by merging with a special purpose acquisition company ( SPAC ) on June 1, 2021. Like many other SPAC-backed start-ups, SoFi lost its luster after it missed its own ambitious pre-merger forecasts. The combined company's stock opened at $21.97
Lumen faces an existential crisis Unlike AT&T and Verizon Communications , which downsized their wireline businesses to expand their wireless businesses, Lumen doubled down on its wireline business through a series of mergers and acquisitions instead of entering the wireless market. and Lumen Technologies wasn't one of them.
Understanding Magnite's growth strategies Magnite was created via the merger of two smaller ad tech companies, The Rubicon Project and Telaria, in 2020. All of those mergers and acquisitions turned Magnite into the world's largest independent sell-side platform (SSP) for digital ads.
Microsoft is starting to separate itself because it's tied to so many things and we saw what it is now trying to do in the gaming business with its Activision Blizzard acquisition of almost $70 billion. Andy Cross: It'll be very interesting to see how this all works out with Microsoft as they continue to push more aggressively at the cloud.
The fintech company went public by merging with a special purpose acquisition company (SPAC) on June 1, 2021, and its stock opened at $21.97. Like many other SPAC-backed companies, SoFi disappointed its investors by missing its ambitious pre-merger forecasts. Rising interest rates exacerbated that pressure by squeezing its valuations.
Luminar Technologies (NASDAQ: LAZR) , a developer of commercial automotive lidars, went public by merging with a special purpose acquisition company (SPAC) four years ago. During its pre-merger presentation, Luminar claimed it could grow its revenue from an estimated $15 million in 2020 to $124 million in 2023.
See the 10 stocks Getty-Shutterstock merger details The companies announced their plans to merge to create "a premier visual content company" early this morning, saying they expect a merger to cut out between $150 million and $200 million in unnecessary costs within three years, and to begin boosting combined earnings and cash flow in Year 2.
Healthpeak Properties (NYSE:DOC) , a real estate investment trust (REIT) specializing in the management and acquisition of healthcare-related properties, reported mixed fourth-quarter and full-year 2024 earnings on Monday, Feb. pps Net debt to adj. Net income per share of $0.01 missed the $0.05 analyst consensus forecast.
It is turning into a successful serial acquirer Though Federal Signal's leadership alone makes it an intriguing investment, its success with mergers and acquisitions (M&A) is what really sets it apart. Since 2016, the company has made 13 acquisitions. Federal Signal's recent acquisition of HOG Technologies for $92.5
14, 2023, by merging with a special purpose acquisition company ( SPAC ). Analysts also expect its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) to turn positive in 2025 and jump to $44 million in 2026. a week later, but withered to about $2 by the start of 2024.
This involves identifying publicly traded companies with similarities, such as: Operating in the same industry Having a comparable amount of debt Being at the same lifestyle stage (e.g., Execute LOI Once youve identified an interested buyer to proceed with, a Letter of Intent (LOI) will be signed to formalize the agreement.
It had made more than a dozen acquisitions and was sitting on properties with the ability to eventually produce north of 600,000 kilograms (1,322,773 pounds) of cannabis annually. In March 2022, it completed its acquisition of Alcanna and became the largest private-sector liquor retailer in our neighbor to the north.
The artificial intelligence (AI) software company went public by merging with a special purpose acquisition company (SPAC), and its shares opened at $9.84. Rising interest rates also crushed its valuations and highlighted its steep losses. Without that acquisition, its revenue would likely have declined for the year. BigBear.ai
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