Mobix Labs (MOBX) said Thursday it signed a binding letter of intent to acquire drone manufacturer Vision Aerial.
Financial terms were not disclosed.
Completion of the proposed transaction remains subject to definitive agreements, due diligence, customary closing conditions and approvals, the company said.
Shares of the company were up roughly 15% in Thursday trading.
Price: $2.57, Change: $+0.34, Percent Change: +15.16%
Aeva Technologies (AEVA) said late Wednesday it launched a follow-on public offering of $100 million of its common stock.Underwriters will have a 30-day option to buy up to an additional $15 million of the company's shares, according to a statement.The company said it intends to use the net proceeds for general corporate purposes, including meeting commercial interest in AI infrastructure and Co-Packaged Optics, along with demand for its existing applications.Shares fell more than 9% in after-hours trading.
Stoneridge (SRI) said late Wednesday it has appointed Scott Humphrey as chief financial officer and treasurer, starting June 8.From 2020 to 2023, Humphrey served as CFO and treasurer of Fox Factory (FOXF), a regulatory filing shows. From 2023 until joining the company, Humphrey was not employed as he focused on personal matters and professional development, Stoneridge said in the filing.Bob Hartman, who has served as interim CFO since April 1, will continue in his role as chief accounting officer, Stoneridge added.
W. R. Berkley (WRB) said Wednesday its board has increased the share repurchase authorization back to its prior level of 25 million shares of common stock.Repurchases may be made in the open market or in privately negotiated transactions, the company said.The company declared a special cash dividend on its common stock of $0.50 per share and also increased its regular quarterly dividend to $0.10 from $0.09, both payable July 2 to stockholders of record on June 23.