Sabre Insurance Group Azioni (OTC: SBIGY)

Ultime notizie per Sabre Insurance Group (OTC:SBIGY) Azioni

Sabre Insurance Group PLC is a company operating in the insurance sector. The company is an insurer selling car insurance through brokers and directly. It offers car insurance under the Sabre name and also under the Go Girl, Insure 2 Drive, and Drive Smart brands. Its product offering includes car insurance, commercial vehicle insurance, taxi insurance, and others.

SABRE INS GRP UNSP ADR by SABRE INS GROUP PLC

Sabre Insurance Group PLC

CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) ("CNS" or the "Company"), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system, today announced the pricing of its "reasonable best efforts" public offering with a single healthcare focused institutional investor for the purchase and sale of 3,952,570 shares of common stock of the Company (the "Common Stock) (or common stock equivalents in lieu thereof), at a purchase price of $1.265 per share of Common Stock. The Company further agreed to issue to the investors Series F Common Stock purchase warrants to purchase up to 3,952,570 shares of Common Stock (the "Series F Warrants"). The Series F Warrants will have an exercise price of $1.14 per share, will be exercisable immediately following the date of their issuance and will expire in five years.
The closing of the offering is expected to occur on or about May 14, 2025, subject to the satisfaction of customary closing conditions. The gross proceeds from the offering are expected to be approximately $5 million, before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds of this offering for working capital and general corporate purposes.

News

CNSP

CNS Pharma Prices Public Offering Of 3.95M Shares At $1.265/Shr, Issuing Series F Warrants

SunLink Health Systems (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SSY#AMEX">SSY</a>) reported quarterly losses of $(0.10) per share. This is a 50 percent increase over losses of $(0.20) per share from the same period last year. The company reported $7.32 million in sales this quarter. This is a 1.86 percent decrease over sales of $7.46 million the same period last year.

Earnings

SunLink Health Systems Q3 EPS $(0.10) Up From $(0.20) YoY, Sales $7.32M Down From $7.46M YoY

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has surged 22% over the past month, and according to Bitcoin financial services firm Swan, this isn't just another rally, it marks the emergence of a <a href="https://in.benzinga.com/markets/cryptocurrency/25/05/45335755/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range">new market structure</a>.
What Happened: In an X <a href="https://x.com/Swan/status/1921954333228470685">post</a> on May 12, the company emphasized that the current move is fueled by a new class of buyers: corporate treasuries, sovereign entities and capital-constrained institutions. 
Companies like Strive, 21Shares and BTC Inc are actively preparing acquisition vehicles. Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) now has $84 billion in shelf registration capacity to tap markets creatively.
Meanwhile, sovereign players are entering quietly and shifts in government policy, such as New Hampshire exploring Bitcoin reserves and Spain capping cash withdrawals, underscore the changing global financial landscape.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45354990/scottie-pippen-declares-altcoin-season-as-ethereum-xrp-dogecoin-shiba-inu-rally">Scottie Pippen Declares &#8216;Altcoin Season&#8217; As Ethereum, XRP, Dogecoin, Shiba Inu Rally</a>
Why It Matters: Swan argues that Bitcoin is no longer being bought to "get rich," but to protect wealth, signaling a narrative shift from speculation to sovereignty. 
This evolution, they say, lays the foundation for a more durable price floor, underpinned by corporate, governmental,and family-office accumulation.
While the S&amp;P 500 and Nasdaq posted monthly gains of 8% and 11%, respectively, Bitcoin's outperformance and rising divergence suggest a decoupling is underway, a major milestone for the asset.
Favorable macro conditions like rising liquidity, a more cautious Fed, easing trade tensions, and pro-growth rhetoric from Trump are providing additional tailwinds.
On-chain data supports this trend: According to BitInfoCharts, the number of addresses holding 100 to 1,000 BTC grew from 15,913 to 16,054 since April 13, pointing to steady mid-level accumulation.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45358308/bitcoin-ethereum-dogecoin-slip-while-xrp-holds-firm-is-a-pullback-coming">Bitcoin, Ethereum, Dogecoin Slip While XRP Holds Firm: Is A Pullback Coming?</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

MSTR

Bitcoin Up 22% In 30 Days: What's Driving The Surge?

Highlights
<ul>
<li>Tamboran and Daly Waters Energy, LP (DWE) have signed a binding agreement to finalize the checkerboard of the joint acreage position across EPs 76, 98 and 117.</li>
<li>In conjunction with the checkerboard, Tamboran and DWE have entered into a binding agreement whereby DWE will acquire a non-operating and non-controlling interest in 100,000 acres within two areas for a consideration of US$15 million. The transaction is subject to certain conditions precedent and regulatory approvals.</li>
<li>On completion, Tamboran will have retained approximately 1.9 million net prospective, development-ready acres across the Beetaloo Basin.</li>
<li>Tamboran has reserved 406,693 gross acres as its Phase 2 Development Area, located immediately north of the Pilot Area, where Tamboran plans to focus development on supplying gas into Australia's East Coast domestic gas market.</li>
<li>On completion of the sale to DWE, Tamboran is expected to hold 236,370 net acres (58.12% operated interest) over the Phase 2 Development Area, with DWE (19.38%) and Falcon Oil &amp; Gas Australia Limited (Falcon) (22.5%) holding the remaining interest.</li>
<li>Tamboran has engaged RBC Capital Markets to commence a formal farm-down of the Phase 2 Development Area. The formal process will commence on release of the IP30 flow test from the Shenandoah South 2H sidetrack (SS-2H ST1) well, planned for June 2025. DWE will have participation rights to any transaction on the same terms.</li>
<li>Ownership of the proposed northern Pilot Area, which will provide initial gas production to the Northern Territory, remains unchanged (Tamboran 47.5% operator) with expansion into the proposed southern Pilot Area (Tamboran 38.75%) anticipated in accordance with the terms of the acreage sale. Future working interests are subject to participation of parties in the Joint Venture.</li>
<li>Tamboran will hold 77.5% operating interest in the remaining half of the ex-EP 76, 98 and 117 acreage positions following the completion of the checkboard process, with Falcon holding the remaining 22.5% interest.</li>
</ul>

Tamboran And Daly Waters Energy Sign Binding Agreement To Finalize Checkerboard Of Joint Acreage Position Across EPs 76, 98 And 117; DWE To Buy Non-Operating, Non-Controlling Interest In 100,000 Acres For US$15M

Mizuho analyst Nitin Kumar upgrades Delek US Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DK#NYSE">DK</a>) from Neutral to Outperform and raises the price target from $22 to $23.

Upgrades

Price Target

Analyst Ratings

Mizuho Upgrades Delek US Hldgs to Outperform, Raises Price Target to $23

Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), along with seQure, a cybersecurity firm and its partner, disclosed the availability of seQure&#8217;s Ground-Truth service on <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45367248/oracle-and-entanglement-partner-to-deliver-advanced-security-to-governments-and-enterprises" rel="noreferrer noopener">Oracle Cloud Infrastructure (OCI)</a>.
The company said that Ground-Truth is a cybersecurity and data observability service that helps automate the detection of threats and vulnerabilities and can reduce event alerts by 90%.
Previously an on-premises solution, Ground-Truth can now be deployed across Oracle&#8217;s various cloud offerings, including public, government, sovereign, and dedicated cloud regions.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45357613" rel="noreferrer noopener">China Tariff De-Escalation Biggest Winners Include Tesla, Apple: &#8216;New Tech Highs Back On The Table Now For 2025&#8217;</a>
Integrating with Oracle&#8217;s security framework allows seQure to offer customers sophisticated, AI-powered threat detection while meeting data localization needs.
This enables operational flexibility in intricate environments, compliance with regulatory, security, and performance standards, and unlocks the complete advantages of cloud and sovereign AI capabilities.
Rand Waldron, vice president, Oracle said, &#8220;This partnership helps our combined customers identify unknown cyber threats and anomalies faster and more accurately. In addition, it enables customers to benefit from OCI&#8217;s built-in security, leading performance, and flexibility.&#8221;
Jason Turner, chairman and CEO Entanglement stated, &#8220;OCI&#8217;s&nbsp;high-performance infrastructure&nbsp;and scaling was essential for deploying this solution and enabling us to provide our customers with the benefits of automated scaling, robust security features, and predictable pricing.&#8221;
Last week, IBM disclosed a collaboration with&nbsp;Oracle to integrate IBM&#8217;s premier AI platform, Watsonx,&nbsp;with <a target="_blank" href="https://www.benzinga.com/25/05/45218573/ibms-ai-watsonx-integrates-with-oracle-cloud-to-boost-enterprise-productivity" rel="noreferrer noopener">Oracle Cloud Infrastructure (OCI)</a>.
Investors can gain exposure to the stock via Pacer Funds Pacer Data and Digital Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRFK#NYSE">TRFK</a>) and iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).
Price Action: ORCL shares are up 0.70% at $158.32 at the last check on Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45244190/microsoft-faces-fresh-revenue-hit-as-openai-plans-to-reduce-payouts-by-2030-report" target="_blank" rel="noreferrer noopener">OpenAI To Slash Microsoft Revenue Share By 2030: Report</a></li>
</ul>
Image by Mdisk via Shutterstock

Equities

Large Cap

Tech

ORCL

TRFK

Oracle Partners With seQure To Bolster Cybersecurity For Governments, Enterprises

Mizuho analyst Nitin Kumar upgrades HF Sinclair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DINO#NYSE">DINO</a>) from Neutral to Outperform and raises the price target from $40 to $47.

DINO

Mizuho Upgrades HF Sinclair to Outperform, Raises Price Target to $47

Wheels Up Experience Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>), one of the world's leading private aviation companies, is proud to announce a multi-series global partnership with United Autosports, one of the most successful endurance racing teams and official racing partner of McLaren Automotive. This multi-series collaboration offers Wheels Up customers the opportunity for exclusive access to some of the world's most prestigious motorsport events, including the FIA World Endurance Championship, European Le Mans Series, and the WeatherTech IMSA SportsCar Championship.
&nbsp;
The partnership kicks off at the 2025 24 Hours of Le Mans on June 14-15, a highly coveted event that also marks the 30th anniversary of McLaren's legendary 1995 overall victory. From the paddock to the pit wall, Wheels Up customers will have a rare opportunity to witness endurance racing at its most iconic venue through immersive behind-the-scenes experiences, trackside viewing, and opportunities to connect directly with drivers, engineers, and team leadership.

Wheels Up Experience Announces Multi-Series Global Partnership With United Autosports To Deliver Customers Unmatched Motorsport Experiences

Mizuho analyst Nitin Kumar upgrades Antero Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) from Neutral to Outperform and raises the price target from $47 to $49.

Mizuho Upgrades Antero Resources to Outperform, Raises Price Target to $49

SKYX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYX#NASDAQ">SKYX</a>) (d/b/a "SKYX Technologies"), a highly disruptive advanced and smart home platform technology company for homes and buildings, with more than 97 issued and pending patents globally and a portfolio of over 60 lighting and home décor websites, announced today that it has secured approximately $4 million in recent funding from strategic investors through the purchase of preferred stock representing $2.00 per share. This investment is part of a broader financing round totaling approximately $15 million to date, led by The Shaner Group, owner and developer of more than 70 hotels worldwide.
The $15 million broader funding round also included substantial participation from company insiders, including SKYX President Steve Schmidt and Co-CEOs Lenny Sokolow and John Campi, underscoring their continued confidence in SKYX's strategic vision and growth trajectory.
Proceeds from the financing will be used for general working capital and corporate purposes.

SKYX

SKYX Secures About $4M In Recent Funding From Strategic Investors Through Purchase Of Preferred Stock Representing $2.00/Shr

In a recent podcast with Dan Nathan,&nbsp;Wedbush Securities&#8216; analyst Dan Ives expressed a bullish outlook on&nbsp;Palantir Technologies Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), emphasizing its significant role&nbsp;in the enterprise AI landscape despite lofty valuation.
What Happened: Ives believes that Palantir is uniquely positioned to exploit real-world enterprise use cases. This comes despite skepticism over Palantir&#8217;s high valuation. Palantir&#8217;s platforms, Gotham and Foundry, utilize AI and big data analytics to simplify complex data management and expedite decision-making.
Ives highlighted that Palantir is involved in &#8220;75 to 80 large AI enterprise deals&#8221;, with contracts typically ranging from $3-5 million, and some even reaching eight figures over multiple years.
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Enterprises are not turning&nbsp;to Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) or Oracle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NASDAQ">ORCL</a>), according to Ives. Instead, they are opting for&nbsp;Palantir for data analytics and&nbsp;ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) for process automation of these &#8220;real enterprise use cases&#8221;, resulting in&nbsp;a complementary dynamic where both&nbsp;companies prosper without direct competition.
While acknowledging competitive threats like Snowflake and MongoDB, Ives contends that Palantir&#8217;s 20-year history and proprietary AI tools provide a unique advantage, especially&nbsp;in government and high-stakes commercial&nbsp;deals. Ives&#8217; bullish outlook on Palantir stems from its potential to grow its large base of enterprise customers and turn its pipeline of multi-million-dollar deals into revenue.
&#8220;When I look out in the next 12 to 18 months&#8230;I believe they&#8217;re going to have significant step ups in terms of what we see in US commercial,&#8221; stated the Wedbush Analyst
READ MORE:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45356571/shiba-inu-jumps-27-in-7-days-what-is-going-on" target="_blank" rel="noreferrer noopener">Shiba Inu Jumps 27% In 7 Days: What Is Going On? &#8211; Benzinga</a>
Why It Matters: Earlier this year, Ives predicted that Palantir could emerge as a dominant force in the artificial intelligence software landscape, comparing it to industry giants Oracle Corp. and Salesforce Inc. He <a href="https://www.benzinga.com/markets/equities/25/02/43646506/dan-ives-says-palantir-could-be-next-oracle-or-salesforce-as-ai-boom-drives-massive-software-spending-highlights-8-10x-multiplier-effect">highlighted </a>the multiplier effect of AI infrastructure spending, noting that "for every dollar spent on Nvidia chip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), there's an 8 to $10 multiplier across tech, across the ecosystem software." This trend is particularly evident in companies like Palantir and Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>)
In April, Ives reiterated confidence in Palantir's <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44810625/top-analyst-sees-unprecedented-traction-for-pltr-stock-after-nato-agreement-another-validation-sign">growth prospects </a>after the software firm disclosed a deal with the North Atlantic Treaty Organization (NATO) amid its growing "federal and commercial" portfolio.
Despite Palantir&#8217;s strong earnings <a href="https://www.benzinga.com/25/05/45213810/palantir-stock-drops-925-after-earnings-beat-dan-ives-stays-bullish-but-jefferies-brent-thill-says-institutions-still-arent-interested">release </a>in early May, the stock lost value. However, Ives maintained his bullish stance, <a href="https://www.benzinga.com/25/05/45213810/palantir-stock-drops-925-after-earnings-beat-dan-ives-stays-bullish-but-jefferies-brent-thill-says-institutions-still-arent-interested">emphasizing </a>that Palantir is a &#8216;retail-driven story.&#8217;
On a year-to-date basis, Palantir stock surged 57.55%, as per data from&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45369770/whos-going-to-buy-2-trillion-worth-of-paper-macro-expert-calls-wall-street-rally-a-headline-sugar-rush-as-treasur" target="_blank" rel="noreferrer noopener">&#8216;Who&#8217;s Going To Buy $2 Trillion Worth Of Paper?&#8217; Macro Expert Calls Wall Street Rally A &#8216;Headline Sugar Rush&#8217; As Treasury Yield Spike Signals Bigger Trouble</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

General

MSFT

NVDA

PLTR

Here's Why Dan Ives Thinks Palantir Is A Winner Despite Its Lofty Valuations: 'In The Next 12 To 18 Months...They're Going To Have Significant Step Ups'

WIIM

SNGX

SNGX stock has given up its prior loss. Soligenix shares were trading lower after the company reported worse-than-expected Q1 EPS results.

<a href="https://www.globenewswire.com/Tracker?data=iZfbXTzfIXvrF8f0PccgTWopasL396rHSwj5Oertm72icvh4FZrTP-xHn9gdGV-MSwVWZ34_2Q3UqsihmjwgZw==">Veea Inc.</a>&nbsp;(NASDAQ:<a href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>), a pioneer in edge computing and AI-driven solutions, announced today that it has acquired substantially all of the technology of Crowdkeep, Inc., a Delaware corporation ("Crowdkeep") for shares of Veea's common stock and other consideration.
Crowdkeep's software platform will be integrated with Veea's Edge Platform and utilize VeeaHub products, cameras and sensors with edge AI facilitating the tracking of valuable on-site assets, monitoring of equipment condition, eliminate manual processes associated with managing the workplace environment, while accounting for workers' time, location, attendance and safety. With converged computing, communications, including 5G, AI inferencing and federated learning, distributed NVMe storage, real-time anomaly detection with ML toolchain, and scalable analytics with a serverless data warehouse platform, the combined solution provides for real-time management of the entire network with data privacy and enterprise-grade cybersecurity for both data-at-rest and data-in motion, as well as massive scalability for construction sites, hospitals, schools, smart buildings, hospitality,&nbsp;industrial warehouses and shipping yards, and many more market segments.
This strategic acquisition will strengthen Veea's market position as a leader in hybrid edge-cloud computing and communications solutions by enhancing its ability to deliver a more comprehensive end-to-end solution with AI-driven cybersecurity and cloud-based data and analytics platform allowing users to store, manage, report and analyze large volumes of data with time-to-insights and event notification for Smart Spaces and a wide range of digital transformations at the edge, ultimately benefitting Veea's current customers and expanding Veea's global market presence.
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 &nbsp;

VEEA

Veea Acquires Crowdkeep For Shares Of Veea's Common Stock And Other Consideration

The U.S. Department of the Interior (DOI) will fast-track the environmental review of Anfield Energy's (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/ANLDF#OTCQB">ANLDF</a>) Velvet-Wood <a target="_blank" href="https://www.benzinga.com/topic/uranium" rel="noreferrer noopener">uranium</a> and vanadium mine in Utah, completing the process in only 14 days under newly activated emergency authority.
This review is significantly faster than the typical year-long process and is part of President Donald Trump's effort to <a target="_blank" href="https://www.benzinga.com/25/03/44433704/trump-invokes-an-act-from-the-1950s-to-boost-domestic-mineral-industry" rel="noreferrer noopener">boost the domestic mineral industry</a> and <a target="_blank" href="https://www.benzinga.com/news/25/03/44423494/trump-turns-to-beautiful-clean-coal-to-address-domestic-energy-demand" rel="noreferrer noopener">energy production</a>. It is the first project to go through DOI's new emergency permitting process, which is now available to other companies.
The Bureau of Land Management, the agency overseeing the review, follows Trump's executive order from January, when he declared a <a target="_blank" href="https://www.benzinga.com/government/regulations/25/01/43084601/trump-day-1-executive-order-tsunami-incoming-energy-inflation-immigration-in-focus-but-what-about-tariffs" rel="noreferrer noopener">national energy emergency</a>—an order aimed at scaling up oil, gas, and mineral production.
Interior Secretary Doug Burgum noted that the rapid review demonstrates the administration's urgency to restore American energy dominance.
"America is facing an alarming energy emergency because of the prior administration's climate extremist policies," he <a target="_blank" href="https://www.doi.gov/pressreleases/interior-expedites-permitting-critical-energy-project-address-national-energy" rel="noreferrer noopener">said</a> in a statement. "The expedited mining project review represents exactly the kind of decisive action we need to secure our energy future."
DOI pointed out that uranium and vanadium are critical to national energy and defense needs. Nearly all uranium consumed by U.S. nuclear reactors in 2023 was imported, primarily from Russia and Central Asia, while vanadium demand continues to be met predominantly by overseas producers.
While the government says the fast-track approach removes red tape without compromising oversight, environmental advocates are pushing back. Critics argue that compressing the review timeline eliminates meaningful public input and risks long-term environmental harm.
The founder of Uranium Watch, Sarah Fields, <a target="_blank" href="https://www.nytimes.com/2025/05/12/climate/trump-velvet-wood-uranium-utah.html" rel="noreferrer noopener">told</a> The New York Times that the process "means there's no opportunity for public comment, and the public often brings up issues to the agency that they're not aware of."
Located in San Juan County, Utah, the Velvet-Wood project sits on the historic Velvet mine site, previously active between 1979 and 1984. The site is estimated to hold 4.6 million pounds of uranium and 7.3 million pounds of vanadium in measured, indicated, and inferred resource categories.
The project proposes only three acres of new surface disturbance, using existing underground infrastructure and processing at Anfield's nearby Shootaring Canyon Mill to minimize the environmental impact.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45343504/judge-halts-arizona-land-transfer-to-rio-tinto-citing-native-appeal" target="_blank" rel="noreferrer noopener">Judge Halts Arizona Land Transfer To Rio Tinto Citing Native Appeal</a></li>
</ul>
Photo via Shutterstock

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ANLDF

Velvet-Wood Mine First To Use DOI's Fast-Track Permit Process

<a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">Robinhood Markets, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) has signed an agreement to acquire WonderFi Technologies Inc., a Canadian cryptocurrency platform, in an all-cash transaction valued at approximately $178 million.
What Happened: The purchase price of $0.26 per share represents a 41 percent premium over WonderFi's closing price on May 12 and a 71 percent premium over its 30-day volume-weighted average price, according to a company <a href="https://newsroom.aboutrobinhood.com/robinhood-to-acquire-wonderfi/">statement</a>.
WonderFi operates Bitbuy and Coinsquare, two regulated cryptocurrency exchanges in Canada, with a reported $1.49 billion in assets under custody. 
The company will continue operating its platforms after the transaction closes. 
The deal is expected to be completed in the second half of 2025, subject to shareholder approval, regulatory review and court authorization.
Robinhood, which opened a Canadian headquarters in Toronto in 2024, will incorporate WonderFi's operations into its existing crypto business. 
According to the agreement, WonderFi's leadership team is expected to remain with the company following the acquisition. 
Employees will be added to Robinhood's Canadian workforce, which currently includes over 140 people.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45371362/coinbase-could-see-up-to-16b-net-inflows-after-sp-500-entry-bernstein">Coinbase Could See Up To $16B Net Inflows After S&amp;P 500 Entry: Bernstein</a>
The acquisition will be carried out under a statutory plan of arrangement governed by British Columbia corporate law. 
Robinhood plans to fund the purchase using existing cash reserves. No stock issuance or debt financing will be used to support the transaction.
WonderFi shareholders will receive the full purchase amount in cash. 
The company's common shares are currently listed on the Toronto Stock Exchange. The combined equity value of the transaction, on a fully diluted basis, stands at approximately $178 million.
Advisors on the deal include J.P. Morgan Securities for Robinhood and Financial Technology Partners for WonderFi. 
Legal counsel was provided by Canadian firms on both sides, including Goodmans LLP, Cassels Brock &amp; Blackwell LLP, and Mintz LLP.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45356864/cardano-up-23-in-7-days-as-co-founder-charles-hoskinson-explores-privacy-focused-stablecoin">Cardano Up 23% In 7 Days As Co-Founder Charles Hoskinson Explores Privacy-Focused Stablecoin</a></li>
</ul>
Image: Shutterstock

HOOD

Robinhood To Acquire Canada's WonderFi For $178M All-Cash Deal

SRPT

Japanese Ministry Of Health, Labour, And Welfare Approved Sarepta Theraperutics' ELEVIDYS For Treatment Of Duchenne Muscular Dystrophy Under Conditional And Time-Limited Approval Pathway In Japan

Morgan Stanley analyst Thomas Yeh maintains United Parks &amp; Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRKS#NYSE">PRKS</a>) with a Equal-Weight and raises the price target from $50 to $52.

PRKS

Morgan Stanley Maintains Equal-Weight on United Parks & Resorts, Raises Price Target to $52

Barrington Research analyst Kevin Steinke maintains Superior Gr of Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGC#NASDAQ">SGC</a>) with a Outperform and lowers the price target from $18 to $15.

Barrington Research Maintains Outperform on Superior Gr of Cos, Lowers Price Target to $15

Follow-on expansion phase expected to begin in Q2 2025
THE WOODLANDS, TX, May 13, 2025 (GLOBE NEWSWIRE) -- –&nbsp;<a href="https://www.globenewswire.com/Tracker?data=hpUlN_MUT2a1PhddJN63J7B98UQYHEUSvTHHFHlsBDbxae2Qs4h1th0tHDKIW5PKfIg7X58qY1k1tek1L--JSpj9uPw9_6iYTYX_4duu5vs=">Autonomix Medical, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) ("Autonomix" or the "Company"), a medical device company focused on advancing innovative technologies to revolutionize how diseases involving the nervous system are diagnosed and treated, today reiterated its plans for a follow-on phase to its proof-of-concept human clinical trial ("PoC 2") evaluating the safety and effectiveness of delivering transvascular energy to ablate relevant problematic nerves and mitigate cancer pain. Additionally, the Company announced the release of a <a href="https://www.globenewswire.com/Tracker?data=XHw77uw22Lrto0jjfo0moarOZ_cF-BMG-V9GE0hm3JL-MO3_CxxtQzETA5IaPGZNm6PTzz4yoENkFlZrdYktFEoRhABUTKnr0m_ubPZGxYeNJkNjHmgXQ897aOZ0_rIdWDvzg5WxwnhS5lUik4LhiQ==">Virtual Investor CEO Connect segment</a> discussing the PoC 2 phase. Access the segment <a href="https://www.globenewswire.com/Tracker?data=MkAQQbXGkp5Dy0Q8lsJPq075xTHjHHXGsm6ZhefGLB80h6vaobiXijiTIIU0wkpIq0GSV0nxpIQflcn064QnjcceqVi7rI7utS4cstk0AHc=">here</a>.
As previously announced, based on the positive results demonstrated in the initial phase of the Company's first-in-human proof-of-concept trial ("PoC 1") in patients with severe pancreatic cancer pain, Autonomix will initiate the follow-on PoC 2 phase in a market expansion opportunity which has the potential to double the addressable market beyond pancreatic cancer pain by evaluating additional visceral cancers that signal pain through the Celiac Plexus and earlier stage pancreatic cancers with moderate to severe pain. The Company's PoC 2 phase is on track to commence in the second quarter of 2025.

AMIX

Autonomix Medical Reiterates Plans For Follow-on Phase To PoC 2 Evaluating Safety And Effectiveness Of Delivering Transvascular Energy To Ablate Relevant Problematic Nerves And Mitigate Cancer Pain

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